A small percentage change in quantity relative to a large percentage change in price accounts for the small price elasticity of demand coefficient (ed) in the lower-right segment
What is meant of elasticity of demand?
The price elasticity of demand is the stimuli of the quantity demanded to change in the price of a commodity. It is assumed that the consumer's income, tastes, and prices of all other goods are constant. It is measured as a percentage change in the quantity demanded divided by the percentage change in price.
What factors affect elasticity of demand?
Many factors predict the demand elasticity for a product, like price levels, the of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are able to purchase at a lower price.
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If your job at the company is to improve existing products, you are probably using the ________ strategy.
If your job at the company is to improve existing products, you are probably using the development strategy.
What is the development strategy?This is the term that is used to do with the actions that would involve the research and the identification of the strategic options in the business. It has to help in such a way that it would provide the resources that would help in the achievement of objectives.
Hence we can say that If your job at the company is to improve existing products, you are probably using the development strategy.
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The pure expectations theory assumes that investors do not consider long-term bonds to be riskier than short-term bonds. True or false?.
It is accurate to say that the pure expectations theory makes the assumption that investors do not think long-term bonds are more risky than short-term bonds.
Based on the current long-term interest rates, expectations theory aims to forecast what short-term interest rates will be in the future. According to the hypothesis, an investor would make the same amount of interest by purchasing two consecutive one-year bonds as opposed to one two-year bond today. The "unbiased expectations theory" is another name for the hypothesis. With the use of a projection of future interest rates, the expectations theory tries to assist investors in making decisions. The theory predicts the rate for short-term bonds using long-term rates, often from government bonds.
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In a pure command economy, the prices at which goods and services are sold are planned by the.
In a pure command economy, the prices at which goods and services are sold are planned by the central government.
In a pure command economy, centeral government set the prices for goods and services. The central government dictates the distribution of goods and services and controls the production of goods and services.
In a pure command economy, government fully controls the distribution and production of goods and services to control the monopoly, and prices and dictates the external entrance into the market. Because the goal of this type of economy to create equality in the society. While the free market system decides the prices of goods and services based on the relationship between demand and supply.
In a free market system, producers or private companies set production and produce goods and services based on the demand for these goods and services in the market.
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One important difference between service companies and manufacturing companies is that:________
The most important difference between service companies and manufacturing companies is that the manufacturing businesses sell a different product than service businesses do.
What is service & manufacturing companies?The manufacturing business creates and sells a physical product wheres the service business sells a service. For instance, a soap company is a manufacturing business while a service business could be an accounting or a legal firm.
Therefore, the most important difference between service companies and manufacturing companies is that the manufacturing businesses sell a different product than service businesses do.
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In a pure command economy, the prices at which goods and services are sold are planned by the.
In a pure command economy, the prices at which goods and services are sold are planned by the Government .
What is Pure Command Economy ?
There is no private sector in a command economy because all companies are owned by or under the supervision of the central government.
Government officials establish national economic priorities in a command economy, such as when and how to promote economic growth, how to share resources, and how to disperse the produce. Supply and demand factors, which determine what, how much, and at what price goods and services should be produced, are not allowed under a command economy.
Instead, all economic activity are planned, coordinated, and under the direction of a single government, which discourages market competition.
Most nations today do not have a fully-commanding or free-market economy. They have a mix of privately owned businesses and government-run ones (this is called a mixed economy). However, Belarus, Cuba, and North Korea are closest to having command economies.
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Edison consulting received a $470 utilities bill and immediately paid it. edison's general journal entry to record this transaction will include a:__________
To document this deal, Edison will put the following in its general journal entry: Doctor Utilities $470 $470.00 in cash in currency
The act of maintaining or creating records of any transactions, whether they are financial or not, is known as journaling.
An accounting journal lists transactions and displays a company's debit and credit balances. The journal entry may have multiple entries, each of which is either a credit or a debit. The journal entry is deemed to be imbalanced if the total of the debits does not match the total of the credits.
Journal entries can list one-time or ongoing events, such bond amortization or depreciation. Accounts payable normally has its own subledger that indirectly impacts the general ledger, and journals entries in accounting software are typically entered using a distinct module from those.
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The journal entry to record the property tax levy for a municipality would include?
The journal entry to record the property tax levy for a municipality would include a credit to Estimated Uncollectible Current Taxes.
Breaking Down Special Revenue FundEvery municipality goes through a quarterly budgeting process during which there are discussions and disagreements about money, including where it comes from, who gets it, and how much they get. Budget funds must be distributed among four major categories: general fund, capital fund, "rainy day" fund, and special revenue funds. The general fund is used to cover routine and ongoing local expenses, the capital fund is set aside for sizable undertakings, and the rainy day fund serves as an emergency fund for unanticipated costs. For the purpose of funding and managing targeted smaller-scale projects, a specific income fund is created. Funds from unique revenue sources may be used to pay for parks, libraries, beaches, and town squares. For the purpose of tracking cash inflows and outflows, each of these projects will have its own set of books.
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When a company carefully selects its goals and then creates a plan for reaching those goals, it is engaging in ______.
When an organization carefully selects its goals and so creates an idea for reaching those goals, it's engaging in strategic planning.
Strategic planning may be a process within which an organization's leaders define their vision for the long run and identify their organization's goals and objectives. the method includes establishing the sequence during which those goals should be realized so the organization can reach its stated vision. Strategic planning typically represents mid- to long-term goals with a life of three to 5 years, though it can go longer. this is often different than business planning, which generally focuses on short-term, tactical goals, like how a budget is split up. The time covered by a business plan can range from several months to many years. The product of strategic planning may be a strategic plan. it's often reflected in a very plan document or other media. These plans will be easily shared, understood and followed by various people including employees, customers, business partners and investors.
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The journal entry to close out a credit balance in service revenues of $2,000 for the period would be:______.
The journal entry to close out a credit balance in service revenues of $2,000 for the period would be A journal entry is the act of recording any transaction, whether one that is commercial or not.
Cash 2000 (Debit)Accounts Receivable 2000 (Credit)A journal entry is the act of recording any transaction, whether one that is commercial or not. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
Which 7 categories of journals are there?There are seven main sorts of journals: general, cash receipts and disbursements, cash receipts and returns, sales, and sales returns.To Learn more about journal entry click the links.
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What are components of the network effect in social media engagement? (choose every correct answer.)
The components of the network effect in social media engagement are
Social media are used by marketers and customers to share many kinds of information.Social media can be an important component of an integrated marketing communications strategy.Social media facilitate interpersonal interactions.Option D is correct All of the above
This is further explained below.
What is social media?Generally, The term "social media" refers to a group of interactive technologies that, via the use of online communities and networks, make it easier for people to create and share information, ideas, hobbies, and other kinds of expression.
The term "information" is used to refer to anything in the abstract that has the capacity to inform.
When broken down to its most elemental components, information refers to the decoding of what may be seen.
In conclusion, The multiplicative effect of having individuals exchange information with others with whom they are connected through social media.
The lightning-fast rate at which information may be disseminated via social media.
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CQ
What are the components of the network effect in social media engagement? (choose every correct answer.)
Social media are used by marketers and customers to share many kinds of information.Social media can be important components of an integrated marketing communications strategy.Social media facilitate interpersonal interactions.All of the aboveInterest income from treasury securities is ________________, and interest income from municipal bonds is always ________________.
Interest income from treasury securities exists taxable at federal level only , and interest income from municipal bonds stands always exempt from federal taxes.
What is Federal tax?State income taxes are gathered by the particular state(s) where a taxpayer resides and derives income, whereas federal income taxes are gathered by the federal government. Federal income taxes are collected by the federal government to cover its expenses, whereas state taxes are collected by individual state governments to cover their particular state obligations.
The U.S. Department of the Treasury issues debt obligations under the name "Treasury securities," which includes Treasury bills, notes, and bonds. Because they are backed by the full faith and credit of the United States government, Treasury securities are among the safest investments. The United States Department of the Treasury issues United States Treasury securities, often known as Treasuries or Treasurys, to support government spending as an alternative to taxation.
Hence, Interest income from treasury securities exists taxable at federal level only , and interest income from municipal bonds stands always exempt from federal taxes.
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What must an agent do if a buyer or seller refuses to sign the required ny disclosure form?
Finish up a declaration form that depicts current realities of what occurred.
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When a firm sells its commercial paper at a ____ price than projected, its cost of raising funds will be ____ than what it initially anticipated
When a firm sells its commercial paper at a higher/lower price than projected, its cost of raising funds will be higher/lower than what it initially anticipated.
Why do firms sell their commercial papers?When commercial paper matures, it pays its face value and the holder receives the capital gain instead of interest. It is sold at a discount. In most cases, businesses "roll over" unresolved concerns by selling new paper to settle maturing paper.
Commercial paper is similar to an IOU from the standpoint of the issuer, or borrowing firm. The issuer outlines a commitment to pay a sum—say let's $1,000—in a few weeks in exchange for a current advance of, say, $995. Naturally, no one will take the IOU unless the issuer is extremely creditworthy because no collateral is supplied. In order to raise the money needed to repay the initial lender when the IOU is due, the issuer then issues a new IOU, maybe to a different party.
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The cash flow that results from a company's ongoing, normal business activities is called?
The cash flow that results from a company's ongoing, normal business activities is called operating cash flow.
Cash flows help a business to determine the liquidity and solvency of the business.
There are 3 types of cash flows that companies should track and analyze the business' liquidity and solvency;
Cash flow from operating activities, cash flow from investing activities and cash flow from financing activities.
These are all included on the company's cash flow statement.
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Indirect labor costs include ______. multiple select question.
a. assembly-line supervisor salary
b. factory security guard wages
c. administrative assistant salary
d. assembly-line worker wages
Indirect labor costs include: factory security guard wages and assembly-line supervisor salary
What is indirect labor cost?Indirect labor cost is the cost of labor that isn't directly related to the production of goods or the provision of services. It refers to the payment made to workers whose duties enable others to produce goods and provide services.
Indirect labor is the labour done by people who are not directly involved in the production of the commodities. Workers in a plant's quality assurance department, managers, and security personnel are a few examples. Their pay and benefits would be considered indirect labor costs.
"Indirect labor" refers to tasks performed by employees that enhance the operation of the company without directly producing goods or services. They are employed in industries including administration, accounting, and engineering.
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What annual percent growth rate is equivalent to a continuous percent growth rate of ? round your answer to two decimal places. the corresponding annual percent growth rate
The annual percent growth that is equivalent to a continuous percent growth rate of 13% is 13.88%.
What is the equivalent annual percent growth rate?When given a continuous percent growth rate of 13%, the annual percent growth rate that it is equivalent to is:
e ⁰.¹³ ˣ ¹ = 1 + annual percent growth rate
Solving gives:
Annual percent growth rate = e ⁰.¹³ ˣ ¹ - 1
Annual percent growth rate = 0.1388
Annual percent growth rate = 13.88%
In conclusion, the equivalent Annual percent growth rate is 13.88%.
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What is meant by reconciliation, and how can it be useful as an input to staff ing planning? wuizlet
They can be helpful in identifying areas to concentrate on and in responding to projected results for the organisational unit.
What is Staffing Planning?
A staff planning is a strategic planning procedure created to evaluate the organization's present and future manpower needs across all departments. This procedure, sometimes referred to as a staffing planning, examines the quantity and kinds of workers you require to meet demands and accomplish organisational objectives. It involves far more than merely anticipating how many personnel you'll require over the coming months or years. It outlines the tactics you'll employ to not just strengthen but also extend your personnel. The entire process of filling a position, from sourcing and screening candidates to interviewing, choosing, and onboarding new hires, is referred to as staffing your business. Because every business has different requirements, no two staffing planning examples are the same.
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Illustrate your understanding of how to use the adjusted trial balance to prepare a statement of retained earnings by completing the following sentence. in order to prepare the statement of?
The reported net income (loss) from the Income statement is combined with retained earnings, the balance of the (Retained earnings / Cash) account, and any debit balance in the (Dividends / Supplies) account. These amounts are moved from the adjusted trial balance.
What is the adjusted trial balance used to prepare?The adjusted trial balance is used to check the accuracy of the financial accounts. The balance sheet, income statement, and cash flow statement are all created using the adjusted trial balance as a tool.
What is the purpose of the adjusted trial balance and how do we prepare it?In order to make sure that the financial statements for the time are correct and current, an adjusted trial balance is prepared. It fixes any mistakes to bring the statements into compliance with the standards of the relevant accounting system.
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Accrued expenses are expenses incurred that are not yet paid or recorded. An adjusting entry made to record an accrued expense.
Unpaid or unrecorded charges are referred to as accrued expenses. An adjusting entry used to document an incurred expense is a True Statement.
An expenditure that is recorded on the books before it has been paid is referred to as an accrued expense, also known as accrued liabilities. In the accounting period in which it is incurred, the expenditure is recorded.
The most frequently incurred expenditures that businesses owe are salaries, rent, and interest. On the other side, accounts payable represent money owed to creditors, such as suppliers for products and services that were financed. Accrued expenses frequently arise on a regular basis, such as rent and loan interest payments.
Accrued expenses are expenses incurred that are not yet paid or recorded. An adjusting entry made to record an accrued expense. Please select the right option: True/False
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When did you first start reading the wsj? high school, college, early career, midcareer, late career, or retirement?
We generally first start reading the Wall Street Journal from the High school to the Retirement,
What is the Wall Street Journal?This is an American daily newspaper that is based in New York City which is published six days a week by Dow Jones & Company which is a a division of News Company.
As a Qualitative subject, the ordinal scale of measurement for the question will ranges as "since the responses can be ordered from earliest (high school) to latest (retirement)" Therefore, we first start reading the Wall Street Journal from the High school to the Retirement,
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The most important factor for developing and reinforcing a high-integrity work culture is:______
The most important factor for developing and reinforcing a high-integrity work culture is hiring ethical job applicants.
What is high integrity work culture?
Respect and honesty are only two aspects of integrity in work. Employees that work for a company with a genuine culture of integrity take their commitments seriously, take initiative when they don't know what to do with their duties, and are ultimately responsible for the outcomes. As a result, the firm thrives.
Reviewing resumes and job applications for the knowledge, skills, and abilities required to carry out the job assignment is a regular part of the recruiting process.
Ethics are frequently assumed or disregarded.
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When the amount of seasonal variation depends upon the trend or average amount, the seasonality is described as:__________
Additive seasonal variant assumes that the seasonal version is constant regardless of the fashion or common amount.
With the additive method, the seasonal component is expressed in absolute phrases in the scale of the determined series, and in the degree equation the sequence is seasonally adjusted by means of subtracting the seasonal component. Within each year, the seasonal issue will add up to about zero.
How do you identify additive and multiplicative seasonality?We can typically discover an additive or multiplicative time collection from its variation. If the magnitude of the seasonal factor adjustments with time, then the series is multiplicative. Otherwise, the sequence is additive.
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https://brainly.com/question/15734021#SPJ4An individual knows that a product exists, but has little information regarding the product and does not seek additional information. in what stage of the product adoption process is that person?
Awareness is the stage of the product adoption process for that person.
What is a product?The object being sold is referred to as a commodity. A company or perhaps an object both qualify as products. It could take on a tangible, digital, or electronic form.
Awareness of a product means the person is getting all the information that is related to the product which can be related to the content price use or even just the name of the product is enough to create awareness, sometimes it is done with the help of advertisement. Any commodity has expenses involved with it, and everyone has pricing.
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Name THREE benefits of being a for-profit business.
tax exemption
profit sharing (profit maximization)
swift expansion
innovation
The THREE benefits of being a for-profit business are:
profit sharing (profit maximization)swift expansioninnovationThe establishment of a for-profit business has some clear advantages: self-employment and financial rewards proportional to success.
What are the disadvantages of a for-profit business?The disadvantages of a for-profit business are Limited access to receive grants, and No tax deduction to donors. One big drawback of for-profit companies is that they are not generally eligible to receive foundation and government grants (with some exceptions)
Therefore, the correct answer is as given above
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Business ethics is not adequately pursued just by obeying the law because __________.
Business ethics is not adequately pursued just by obeying the law because ethics asks us what the law should be, not merely what the law is.
What are Business ethics?Business ethics is a kind of applied ethics or professional ethics that addresses moral or ethical dilemmas that could occur in the workplace. It is applicable to both the behavior of specific persons and large organizations, and it covers all facets of business conduct.A company's ideals, objectives, and day-to-day operations are all influenced by its business ethics. Principles like honesty, integrity, fairness, dependability, responsibility, and respect for others guide an ethical business. Obedience to corporate policies, effective communication, accepting responsibility and accountability, professionalism, mutual trust and respect among coworkers are only a few examples of ethical workplace conduct.Learn more about business ethics here:
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In a large business, the _____ department makes sure that all the computer operations, mobile devices, and networks run smoothly.
In a large business, the information technology department makes sure that all the computer operations, mobile devices, and networks run smoothly.
What is the definition of information technology?Information technology (IT) is the creation, processing, storage, secure transmission, and exchange of all forms of electronic data. IT includes the use of computers, networking, storage, and other physical devices.
With the aid of hardware and software networks, workstations, and storage devices at lower costs, information technology makes it possible to store and retrieve large amounts of data fast. With the use of information technology, data may be combined and configured to provide distinctly new information that facilitates making decisions quickly.
Therefore, in a large business, the information technology department makes sure that all the computer operations, mobile devices, and networks run smoothly.
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The focal point for audit procedures are the key questions that must be answered about management's ______.
The focal issue for audit procedures is the key queries that must be answered about administration's financial statement assertions.
What are the economic statement assertions for the balance sheet?There are four types of account balance assertions: Existence: The support, equity balances, and liabilities exist at the period ending time. Completeness: The assets, equity credits, and liabilities that are completed and considered to be recorded have been recognized in the financial statements. Assertions are the group of representations by a management team that was incorporated into the financial reports.
They are accuracy and valuation, existence, wholeness, rights and obligations, and display and disclosure.
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The accuracy of a digital recording is determined by the device's ________ rate.
The sampling rate is determined by the accuracy of the digital recording.
What is the Sampling rate in digital recording?According to Nyquist’s Theorem, for an accurate digital representation of a sound wave, the sample rate must be at least two times bigger than the highest frequency record.
As the highest sound a human can hear has a frequency of 20 kHz, the minimum sample rate must be 40 kHz to be possible to digitalize this frequency.
As a component of the Nyquist-Shannon theorem, sample rates were first discussed in the 1940s. According to this, a sampling rate must have a frequency that is twice as high as the original recording for the sound to be accurately reproduced. Between 20 hertz (20Hz) and 20 kilohertz, the human ear is capable of hearing (20kHz). According to the theory, because 44.1 kHz is more than twice the upper limit of human hearing, it will produce a very accurate reproduction. However, some people continue to record at higher sample rates in order to capture all sounds. While these are not audible in the original recordings, if a 192 kHz audio sample were pitched down, some frequencies that were previously undetectable would become audible. Some of the highs might have been pitched down after being recorded at a lower sample rate.To learn more about the Sampling rate, refer
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if the losing party's assets are not liquid, or if the losing party is bankrupt, the prevailing party may have difficulty
the prevailing party may have difficulty in collecting or judgement
The term "prevailing party" refers to the party that wins the main relief it sought, whether through a compromise settlement or a court ruling. The opposing party will be considered to have prevailed if the party that initiated the action, suit, or procedure dismisses it or ends it without the other party's consent. The party that receives a favorable verdict on the claims made in the complaint after any appeal, if any, is referred to as the victorious party. The term "fair lawyers' fees" refers to the reasonable legal costs actually expended in order to win the case for the victorious party.
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A salsa manufacturing company that enjoys the lest bargaining power with its suppliers would most likely be?
A salsa manufacturing company that enjoys the lest bargaining power with its suppliers would most likely be offering specialty salsas at a high price that were only fit for consumers with certain sensitivities.
What is Bargaining Power?
The ability of parties to exert influence over one another during a negotiation, contract negotiation, or agreement-making process is known as bargaining power. In a discussion where both sides are on an equal footing, they will have the same amount of bargaining power, as would occur in a market with perfect competition or between two equally powerful monopolies.
Game theory, labor economics, collective bargaining agreements, diplomatic talks, the resolution of legal disputes, the cost of insurance, and any negotiation in general are a few areas where the idea of bargaining power has proven essential to rational understanding.
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