Example of the average score for the class is Descriptive Statistics. An individual data set, which may be a sample of a population or a representation of the entire population, is summed up using a specific data set using brief informative coefficients known as descriptive statistics. Measures of central tendency and measures of variability are included in descriptive statistics (spread).
To put it simply, descriptive statistics offer succinct summaries of the sample and data measures to help describe and comprehend the features of a certain data set. The most well-known types of descriptive statistics are the mean, median, and mode, which are used at almost all math and statistics levels.
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A market is an arrangement that brings _____ together and enables them to get information and do business with each other.
A market is an arrangement that brings central banks and commercial banks together and enables them to get information and do business with each other.
What is market?
A market is a gathering place for consumers and sellers where they can exchange goods and services. Markets might be real-world, like a physical store, or digital, like an online merchant. The black market, the auction market, and the financial market are more examples.
Therefore,
A market is an arrangement that brings central banks and commercial banks together and enables them to get information and do business with each other.
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Suppose you have a very efficient study system. then, as you increase the hours that you study for an economics exam, the opportunity cost of studying for the exam:_________
As you increase the hours that you study for an economics exam, the opportunity cost of studying for the exam increases.
What is opportunity cost?Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as an implicit cost.
Opportunity cost arises because the resources needed to satisfy human wants are available in limited quantities. So as more resources are used for an economic activity, less resources would be available to produce other activities.
As you spend more time studying for your economics exam, you would have less time for other activities. So, your opportunity cost increases.
Here are the options of this question:
a) increases.
b) decreases.
c) stays the same.
d) may increase or decrease.
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The responsibility for setting a company's mission, objectives, broad strategies, and policies primarily lies with its ________.
Typically, a corporation's financial department is in responsible of defining its mission, goals, overarching strategy, and policies.
The finance department of a corporation is in responsible of securing external funding for the organization, handling internal cash flow, and planning how money will be spent on various assets.
What is the financial accounting division?
The component of a business that manages duties including payroll, general ledger maintenance, bill payment, bill preparation, and financial statement preparation is referred to as the "accounting department." To put it another way, they are in charge of managing the business's overall financial front.
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In organizational buying, complex negotiations that last over a lengthy period ______.
In organizational buying, complex negotiations that last over a long period, as a result of the regulatory requirements for fixed cost structures, cannot take place.
This is further explained below.
What is organizational buying,?Generally, It is not uncommon for organizational buying to include convoluted discussions that go on for a considerable amount of time and are prolonged as a direct result of legal obligations.
The term "organizational purchasing process" refers to the method that any business goes through in order to make any purchase or buying choice.
This might be anything from office supplies to new office furniture.
This might refer to anything from computers to supplies for the workplace.
In the same way that regular people go through a series of processes before buying anything, corporations and other kinds of organizations also go through this process before making a purchase.
In conclusion, Because of the legal requirements for fixed cost structures, it is impossible to engage in complicated talks that take place over an extended period of time when an organization is making a purchase.
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A payday loan company charges 3.8 percent interest for a two-week period. what would be the annual interest rate from that company?
By multiplying the two-week interest rate (0.052) by the number of interest periods in the year (in this case, 52/2, or 26), one can determine the yearly interest rate. The result of multiplying 26 by 0.052 is 1.352, or an annual interest rate of 135.2%.
What is annual interest?The term "annual interest rate" refers to the interest rate that is imposed year-round. Among other time periods, interest rates may be imposed on a monthly, quarterly, or biennial basis. However, interest rates are typically annualized.
For instance, the effective yearly interest rate for a loan with a stated interest rate of 30% and monthly compounding would be 34.48%. Banks often promote the 30% advertised interest rate rather than the 34.48% effective interest rate.
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Qiaochu purchased a parcel of land costing $67,900. today, that land is valued at $64,800. how long has she owned this land if the price has been decreasing by 1.5 percent per year?
The number of years that the owner owned the land for the value to fall from $67,900. to $64,800 is 3.14 years
What is the appropriate formula to determine years in case of a decreasing growth rate?
When asset decreases rather increases, the number of years it takes for the land whose initial cost was $67,900, needs to decrease in value to $64,800 can be determined as shown below:
n= ln(FV/PV) / ln(1+i)
FV=future value=$64,800
PV=the purchase cost=$67,900
i=decreasing rate of asset=1.5% per year
n=ln($64,800/$67,900)/ln(1+1.5%)
n=-3.14 years(it is negative because asset value is reducing)
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Effective problem solving assists the acquisition community in making good business decisions. problem solving is defined as?
Problem solving is the act of defining a problem, determining the cause of the problem, identifying, prioritizing and selecting alternatives for a solution then implementing a solution.
Steps of problem solving
Identify the Problem. Analyze the Problem.Describe the Problem.Look for Root Causes.Develop Alternate Solutions.Implement the Solution.Notably, effective problem solving assists the acquisition community in making good business decisions.
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If mean lead time decreases but all other values remain the same, what will be the impact on the order point?
the order point will decrease
The delay between the start of a procedure and its conclusion is known as a lead time. For instance, the lead time between placing an order and receiving a new automobile from a certain manufacturer might range from 2 weeks to 6 months, depending on a number of specifics. The complete amount of time needed to create an item, including order preparation time, queue time, setup time, run time, move time, inspection time, and put-away time, is referred to as "manufacturing lead time" in one business lexicon. It is the period of time between when an order is released and when that order is produced and sent for made-to-order goods. It is the period of time between the release of an order and the manufacturing of and reception into completed goods inventory for make-to-stock products.
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The amount of money that a financial institution is willing to lend the borrower on a particular property is the:__________
The amount of money that a financial institution is willing to lend the borrower on a particular property is the: Interest
What is interest explain?
Interest is the price you pay to take money or the cost that charge to borrow money. Interest is most often reflected as an annual percentage of the amount of a loan. This percentage is called as the interest rate on the loan.
What are types of interests?
The three types of interest containing simple interest, accrued interest, and compounding interest. When money is lends, usually by the means of a loan, the borrower is asked to pay the interest agreed by the two parties.
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Application of the cost-benefit principle would lead one to purchase a _______ computer because _______ .
Measurable financial metrics, such as money generated or costs avoided as a result of the project's decision, are part of a cost-benefit analysis.
According to the cost-benefit concept, users should not pay more for financial information in financial statements than is necessary to provide that information.
According to the cost-benefit principle, all options should be considered before making a decision. Opportunity costs are one.
Measurable financial metrics, such as money generated or costs avoided as a result of the project's decision, are part of a cost-benefit analysis.
To assess the viability of cash flows from an asset or project, use the benefit-cost ratio. The risk-return profile of the project is more appealing the higher the ratio. A defective benefit-cost ratio would be the result of inadequate cash flow forecasts or an inappropriate discount rate.
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Personal property are and are held either to consume and use or to generate a return or income as an investment. an example of personal property is:_______
Personal property is and is held either to consume and use or to generate a return or income as an investment. an example of personal property is possessions
This is further explained below.
What is personal property?Generally, A person's personal property includes all of their possessions, with the exception of real estate.
This includes any and all of your moveable possessions, such as clothes, jewelry, any and all of your household goods and furniture, and anything else that is not permanently tied to a stationary place, such as your home. This also includes any and all other material commodities.
In conclusion, Personal property is either owned for the purpose of consuming and using it, or for the purpose of making a return on the investment in the form of income.
Examples of personal property include things like furniture and art.
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Which is not a component that is taken into account with a relative value unit (rvu)?
a. overhead
b. work
c. all are components
d. malpractice
Overhead, Work and Malpractice is not taken into account with a relative value unit.
The US Medicare compensation model for physician services uses relative value units (RVUs) as a measure of value. [1] The resource-based relative value scale includes RVUs. Prior to the implementation of RVUs, Medicare compensated for physician services based on "usual, customary, and reasonable" rate-setting, which resulted in inconsistent payment. A Medicare cost schedule was established by the Omnibus Budget Reconciliation Act of 1989, and as of 2010, there were roughly 7,000 different physician services included. The American Medical Association owns the intellectual property rights to the terminology used to categorize the services, which is based on the Current Procedural Terminology (CPT).
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If the state government allocates additional spending on education programs, the opportunity cost is:______.
It Allocates that
measured in terms of the best alternative uses for that money.In microeconomic hypothesis, the open door cost of a specific action is the worth or advantage surrendered by taking part in that action, comparative with taking part in an elective action.
What is opportunity cost and its recipe?Opportunity cost is the worth of the following best other option or choice. This worth could conceivably be estimated in cash. Worth can likewise be estimated by different means like time or fulfillment. One recipe to work out open door expenses could be the proportion of what you are forfeiting to what you are acquiring.To learn more about Opportunity cost click the links.
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If an agent does not comply with the requirement of conducting a visual inspection of a property, how long after possession does the buyer have to file a suit?
Agents are expected to conduct inspections at locations that are reassuringly accessible, and they must disclose the findings on an inspection disclosure form. The buyer has two years from the date of ownership to launch a lawsuit if the agent does not adhere to this rule.
What is Visual inspection?
Visual inspection is a typical technique for data collection, analysis, and quality control. When referring to visual inspection in the context of facility maintenance, it refers to the examination of machinery and buildings using any or all of the five basic human senses—sight, sound, touch, and smell—as well as any general inspection tools. Inspections using ultrasonic, x-ray, infrared, or other specialized equipment are not normally regarded as visual inspections because they demand for specific tools, training, and certification. According to research on the visual inspection of tiny integrated circuits, experienced inspectors' trained eye fixations typically lasted 200 milliseconds (ms). The fastest and most accurate inspectors had the fewest eye fixes.
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_______ can be done at three levels: product attributes, benefits, and beliefs and values.
"Brand positioning" can be done at three levels: product attributes, benefits, and beliefs and values
What is Value?
Value or Business value is a colloquial term used in management that refers to all types of value that affect the long-term health and prosperity of the company. Business value includes additional types of value, such as employee value, customer value, supplier value, channel partner value, alliance partner value, managerial value, and social value, in addition to economic value (also known as economic profit, economic value contributed, and shareholder value). Numerous of these types of value cannot be quantified in monetary terms. Intangible assets that are not necessarily attributed to any particular stakeholder group can comprise business value. Examples include a company's business model and intellectual property. One of the most widely used techniques for assessing and maintaining corporate value is the balanced scorecard methodology. look at Business value.
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A product’s value depends both on its utility and its scarcity.
True or false
Answer:
true
Explanation:
A buyer is purchasing a property for $400,000. His loan-to-value ratio is 80%. The lender also charges a 1% loan origination fee. How much is the loan origination fee?
The loan origination fee = $3200
Given:
Purchasing price of property = $400,000.
Loan-to-Value Ratio= 80%
Loan-to-Value Ratio= 0.80
Loan-to-Value ratio = (Loan amount)/( Value of property)
0.80 = (Loan amount)/(400000)
Loan amount= 0.80 x 400000
Loan amount=$ 320,000
Origination fee = 1% of (Loan amount )
= 0.01 x ( 320000)
= $3200
Hence, the loan origination fee = $3200
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During the adjusting process two transactions were neglected or omitted. The first is for unearned rent revenue of which $450 was earned during the period, the second was for accrued interest payable of which $275 is owed for the period. As a result of these omissions.
The omission related to unearned rental income could increase net income by $690 while eliminating accrued expenses, interest expense and interest payable, increased expenses and liabilities by $275. As a result, revenues are understated by $690 while expenses are understated by $275 so net income is understated by $140. Assets are not affected by this error, but liabilities are overstated by $140.
Unearned income is another name for the term “deferred income". It is used to define the process by which a company accepts payment from a customer before that customer receives a product or service. In many cases, companies rely on an upfront payment to complete the manufacture of the product before shipping it to the customer.
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Which characteristic of a phospholipid contributes to the fluidity of the membrane?.
The saturation level of the phospholipids' fatty acid tails is one of their properties that governs membrane fluidity. A plasma membrane is expected to be less fluid if it has more saturated fatty acid tails in the phospholipids.
The plasma membrane is the outermost, envelope-like membrane or structure that encloses the cell and its organelles. The phospholipid bilayer is a double-membraned cell organelle that can be found in both bacterial and eukaryotic cells. The plasma membrane serves as the barrier and is selectively permeable in all live cells, allowing the entry and exit of specific molecules.
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Choose the components of the shadow banking system.
a. savings and loan associations.
b. investment banks.
c. money market funds.
d. hedge funds.
e. commercial banks.
The proper responses are;
Investment banks (B).Money market mutual funds [C] Hedge funds [D]The production of credit inside the global financial system is facilitated by a network of financial intermediaries known as the "shadow banking system," which is unregulated.
Shadow bankingShadow banking refers to unregulated non-bank middlemen who connect lenders and borrowers. Despite being a significant contributor to the global crisis of 2008–2009, shadow banking still plays a significant role in world economies.
Money marketMoney market funds are businesses that offer less risky investments including certificates of deposit, interbank loans, and short-term securities like treasury bills. Money market funds in the United States are governed by the Securities and Exchange Commission (SEC).
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Fast bean sells coffee to fred to brew and drink at home. this is an example of business-to-______ marketing.
a. vendor
b. business
c. consumer
d. producer
Fast bean sells coffee to fred to brew and drink at home. this is an example of business-to-consumer marketing.
What is business-to-consumer marketing ?The process of selling items and services directly between a business and consumers who are the end-users of its products or services is referred to as business-to-consumer (B2C).
The majority of businesses that sell directly to consumers are classified as B2C.
B2C became extremely popular during the late 1990s dotcom boom, when it was mostly used to refer to online retailers who offered items and services to consumers via the internet.
Business-to-consumer refers to the process of businesses selling products and services directly to consumers, without the need of a middleman.
B2C refers to online sellers who sell products and services to customers via the internet.
Online B2C posed a threat to traditional retailers, who benefitted from adding a markup to the price.
However, companies such as Amazon, eBay, and Priceline have thrived, eventually becoming industry disruptors.
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When the retail price of imported products is increased for the purpose of making domestic goods more competitively priced it is called a(n):________
When the retail price of imported products is increased for the purpose of making domestic goods more competitively priced it is called a protective tariff.
Protective tariffTariffs that are implemented with the intention of safeguarding a domestic industry are referred to as protective tariffs. Their goal is to raise the price of imported items relative to domestically produced equivalents, which will increase sales of domestically made goods and help the local economy. Tariffs are also applied to increase tax revenue for the government or to stop a bad activity (sin tax). The goals of protection and revenue maximization propose distinct tariff rates, necessitating a choice between the two objectives, even if a tariff can simultaneously safeguard domestic industry and generate government money.
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For+an+investor+in+the+37%+federal+income+tax+bracket, the tax-equivalent+yield+of+a+general+obligation+municipal+bond+with+a+coupon+rate+of+4.17%+is:_________
The answer is :- 6.62%
The computation for tax-equivalent yield is done by divide the coupon rate by (100% - tax bracket).
In this ques, that is 4.17% ÷ (100% - 37%) = 4.17%÷ 63%.
= 6.62%.
Who Are Investors?Any person or other organization (such as a company or mutual fund) who invests money in the hopes of making a profit is referred to as an investor. Investors depend on a variety of financial instruments to generate a rate of return and achieve crucial financial goals like saving for retirement, paying for a child's school, or just collecting more wealth over time. Stocks, bonds, commodities, mutual funds, exchange-traded funds (ETFs), options, futures, foreign currency, gold, silver, retirement plans, and real estate are just a few examples of the many investment vehicles available to achieve objectives. Investors are able to examine opportunities from a variety of perspectives, and they often aim to reduce risk while maximizing rewards.
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An additional worker is hired for an hour at a wage w = $12. the worker produces 4 hamburgers per hour with a price of $3 per hamburger. the real wage paid to the worker is:____.
The real wage paid to the worker is 4 hamburgers per hour.
What is Wage?A wage is the sum of money that an employer pays an employee for work that was completed within a certain time frame. The minimum wage, prevailing rate, annual bonuses, and remunerative rewards like prizes and tip payments are a few examples of wage payments.It is broken down into two parts: a direct cost made up mostly of gross pay plus various benefits; and an indirect cost made up primarily of traditional and legal employer contributions and other fees.Regular and supplemental pay can be divided into two groups.The number of hours worked multiplied by the employee's hourly wage can be used to determine gross wages for hourly workers.Learn more about wage here:
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From a business perspective, raw data is transformed systematically during various stages, transforming it into valuable information, in a process called:__________
From a business perspective, raw data is transformed systematically during various stages, transforming it into valuable information, in a process called: the information value chain.
What is the Information Value Chain?
Very specifically, the Information Value Chain is the understanding that data only creates value if it goes through a sequence of steps, steps which eventually result in effort back in the real world.
What is the information Action value chain?
The chain has four major steps. We start with data accepted from the real world. Next, we convert that data into information. We use that information to inform conclusions. Finally, based on those decisions we take action that will deliver value to the firm.
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When buyers equate the status, quality, and value of an item with its cost, what part of the pricing strategy is involved with setting prices of luxury items?
Pricing Perceptions are involved while setting the price of luxury items.
What is Pricing Perception?Price perception is the value that a product or service has in the eyes of the consumer. It is a significant factor in the purchasing decision of the consumer. The exact cost of manufacturing the goods that consumers purchase is unknown. Instead, people base their judgments on an internal sense of the value of various products and which brand provides the highest value. Brands frequently attempt marketing methods to enhance the pricing perception of their brand and products in order to offer competitive prices while yet obtaining a higher price for their goods.
The pricing on all items may not be the lowest on marketplaces like Walmart and Amazon. However, because customers believe they will have the lowest pricing, they frequently favor these platforms over those that have the same or even lower prices.
Thus, Pricing perception is taken into consideration while setting the luxury goods price.
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The most liquid measure of money supply is part 2
a. m0.
b. m1.
c. l.
d. m2.
e. m3.
The correct answer is (b) m1.
M1 is a measure of the money supply and includes the most liquid assets. In other words, M1 refers to any assets that can be used to quickly swap for goods and services. Circulating coin and currency, traveler's checks, demand deposits, and other checkable deposits make up this amount.
Describe M1.The money supply, also known as M1, is made up of cash, demand deposits, and other liquid deposits like savings accounts. M1 contains the liquid portions of the money supply since it comprises assets and currencies that are either already cash or can be converted into it quickly.
Which type of currency is the most movable?The most livable indicator of the money supply is M1. Checking deposits, traveler's checks, and active money are all included.
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Which type of an economy, typically agricultural, can be described as where things are done in the same way as they have always been done?
The traditional economy type of economy, typically agricultural, can be described as where things are done in the same way as they have always been done.
Economics is defined as the management of financial matters in communities, businesses, or families. An example in economics is the US stock market system. A country's economy is the wealth it derives from business and industry. The Japanese economy grew by more than 10% every year. 3. Uncountable nouns. The economy is about using the minimum amount of money, time, or other resources necessary to accomplish something, and not wasting anything.
Hmm, that's confusing. But essentially the economy works by allocating scarce resources to individuals and businesses. A series of markets in which goods and services are exchanged and enabled by capital together form an economy. These networks exist at local, national, and international levels.
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The presence of a financial market increases the marketability of a financial security by:________
The right response is "to lower the transaction costs associated with selling the security".
A financial market is any site or mechanism that enables buyers and sellers to exchange financial assets including bonds, shares, the various international currencies, and derivatives. Financial markets provide the link between those with funds to invest and others in need of capital.
What are securities and financial markets?A financial market is a place where individuals may exchange financial derivatives and securities for little to no cost. Stocks, bonds, raw resources, and precious metals, which are referred to as commodities in the financial markets, are some of the securities.
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The characteristic that a new accounting standard should not favor one group of companies over others or achieve a particular social outcome is an example of:_________
Neutrality is the characteristic that a new accounting standard should not favor one group of companies over others or achieve a particular social outcome. Because management wants to see the company grow, financial statements created by the corporation are by definition slightly skewed. This implies that they are more likely to indicate improved performance while omitting to disclose negative incidents.
Management must produce entirely objective financial accounts in order to be neutral. For instance, a business that has knowledge of a potential lawsuit must record it in its financial statement notes. The financial statements would become unreliable in the eyes of creditors and outside investors if this information were withheld.
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