The degree of responsiveness to which buyers and sellers react to price changes is called elasticity.
Elasticity is an economic concept used to measure changes in the aggregate demand for goods or services with respect to price changes for the goods or services. A product is said to be elastic if the quantity demanded of the product changes disproportionately as the price of the product rises or falls.
Elasticity is an important economic indicator, especially for sellers of goods and services. Because we know how much a buyer will consume a product or service when the price changes. If the product is elastic, the quantity demanded will change as soon as the price changes.
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What would you predict about the demand elasticities for these two types of consumers?
B. Addicts will have more inelastic demand; their level of consumption will be less responsive to price changes.
For example, when there is a relationship between changes in quantity demanded and the price of a good or service, the elasticity is called the price elasticity of demand. There are two other main types of elasticity of demand. That is, the income elasticity of demand and the cross elasticity of demand.
The question is incomplete. Please read below to find the missing content.
Question: Suppose that the market for crack cocaine consists of two types of users, addicts, and casual users. Casual users only use the drug occasionally, whereas addicts go to much greater lengths to make sure they have some of it readily available whenever they feel the need to consume it.
What would you predict about the demand elasticities for these two types of consumers?
A. Addicts and casual users are both likely to have very elastic demand.
B. Addicts and casual users are both likely to have very inelastic demand.
C. Casual users will have more elastic demand; their level of consumption will be less responsive to price changes.
D. Addicts will have more inelastic demand; their level of consumption will be less responsive to price changes.
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As stephanie makes decisions, the idea that her followers should accept the decision as if it were their own and not merely comply with the decision is:______.
Decision acceptance means that a decision is accepted by the followers. Follower Acceptance It is the idea in which the followers.
Making decisions can be seen as a problem-solving process that results in an optimal, or at least acceptable, answer. Consequently, it is a process that might be more or less reasonable or irrational and that can be founded on overt or covert facts and ideas.
Complex decision-making procedures frequently rely on tacit knowledge to fill in the blanks. Both tacit and explicit information are typically employed in tandem during the decision-making process.
The environment of the decision-maker may influence their choice. Complexity of the environment, for instance, is a factor that affects cognitive performance. A complicated environment is one that has a great variety of conceivable states that can change over time.
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Jax is reading an informational text that uses words and phrases like as a result of, due to, and consequently. what type of informational text is jax reading based on these clues?
Jax is reading an informational text that uses words and phrases like as a result of, due to, and consequently. Jax is reading about the conjunction.
What is Conjunction?A conjunction, often known by the abbreviations conj or cnj, is a speech unit that joins the conjuncts of a conjunction, which are words, phrases, or clauses.There may be overlap between this description and that of other elements of speech, therefore it is necessary to specify what a "conjunction" is in each language.Depending on the sentence's grammar, a given word in English may have various meanings, including preposition or conjunction. For instance, the preposition after is a conjunction in "he departed after they battled," but a preposition in "he left after the fight."A conjunction is typically an unchanging (uninflected) grammatical particle that can stand between the conjoined items or not.To know more about conjunction with the given link
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The development team has developed a set of requirements. Now, the results need to be verified. Who has responsibility for planning the testing activities, such as test scripts and test data?
The Business Analyst has responsibility for planning the testing activities, such as test scripts and test data.
Business analysts play a critical role in managing the testing phase. He is the one with in-depth domain expertise, a firm grasp of the functional requirements, and the ability to effectively support testers in the design of test cases and aid in their comprehension of functionality.
Test cases, which serve as step-by-step instructions for each system test, are often developed by members of the testing team or the quality assurance (QA) team. Once a system feature or group of features has been completed by the development team, testing can start.
A business analyst will support the design process, support the analysis of original goals and needs, carefully examine product requirements, ask a ton of questions, and encourage communication between all interested parties.
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Genuineness, or reality, of agreement is said to be present in a contract when there is:_______.
Reality of contract of an agreement is said to be present in a contract when there is genuineness.
When there is true meeting of minds or reality of agreements is the genuineness. Fraud charges are proven wrong only if they are in a written form of contract.
Be it spoken or act of conduct it cannot be stated as a fraud without any consent present information. They are not backed by fraud cloud, misrepresentation, undue influences and mistakes. It is definite and claim which is fairly straight forward in contracts. Reality emerges if the contract is fulfilled on time with due influence.
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A company with high ebit is considering pursuing multiple projects next year. which trade-off is involved, and what is the ideal credit rating for the company between aaa, aa, a, and bbb?
A company with high EBIT is considering pursuing multiple projects next year. The trade-off involved will be maximizing the number of projects against a higher credit rating, with an A rating being ideal. Thus the correct answer is D.
What is a trade-off?The trade-off is referred as a situation when one object gets compromised to gain over another object. This situation comes when decision-making between two goods takes place and one will get selected over the other.
Increasing the number of projects is compromised for a superior credit rating. A strong credit rating won't be enough since more projects will require the business to heavily rely on financing. The A credit rating will be considered.
Therefore, option D is appropriate.
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The complete question is-
A company with high EBIT is considering pursuing multiple projects next year. Which trade-off is involved, and what is the ideal credit rating for the company between AAA, AA, A, and BBB?
Select an answer:
The trade-off is only being able to pursue a few of the projects against a lower credit rating, with an AA rating being ideal.
The trade-off is pursuing more new projects against a lower WACC, with a AAA rating being ideal.
The trade-off is the risk of a credit downgrade against having few new projects, with a BBB rating as ideal.
The trade-off is maximizing the number of projects against a higher credit rating, with an A rating being ideal.
Westside,+incorporated+owns+15%+of+innsbrook's+common+stock.+this+year,+westside+generated+$50,000+operating+income+and+received+$20,000+dividends+from+innsbrook.+westside's+taxable+income+is:
Westside's taxable income is $60,000.
Westside, Inc. owns 15% of Inns brook's common stock. This year, the Westside generated $50,000 and received $20,000 dividends from Inns brook. Thus, Westside's taxable income is $60,000.
Taxable Income = $50,000 + ( $20,000*0.5) = $60,000
Taxable income is the part of an income which is subject to taxation. This can be the income of an individual or an organization.
The company which receives the dividend from another company can claim the Dividend Received Deduction (DRD). The DRD allows to deduct that dividend from its income and reduce its income tax accordingly.
Hence, the Westside's taxable income is $60,000.
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When the brazilian real changes from 1000 real per u. s. dollar to 1500 real per u. s. dollar, the real is?
When the Brazilian Real changes from 1000 real per U. S. dollar to 1500 Real per U. S. dollar, the real is devalued.
If the Brazilian Real appreciates relative to the U.S. dollar, the number of reals furnished increases because the lower fee (in real) for U.S. goods induces Brazilians to shop for extra U.S. products.
If an international location's actual trade price is growing, its method of its of goods has become extra costly relative to its competitors. Growth within the actual alternate charge means humans in a country can get more foreign goods for an equal quantity of domestic goods.
While the dollar appreciates, exports lower because they may be now more pricey for foreigners to shop for and imports growth inflicting internet exports to decrease. When the dollar appreciates, exports lower because they're now greater high-priced for foreigners to shop for and imports grow to inflict net exports to decrease.
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Using the same scenario as in number 2, your interviewer tells you that the game costs $1 to play and it has an expected value of 47 cents for every dollar spent. Use the following payouts to determine the expected value of the game. Do you agree with your co-worker?s assertion? roll sum of 19 sum of 17 sum of 15 sum of 13 doubles other winnings $5 $3 $2 $1 $. 5 $0.
Roll sum of 19 sum of 17 sum of 15 sum of 13 doubles other winnings $5 $3 $2 $1 $.5 $0.
What is Roll sum?The 12-month rolling sum is the total of the previous 12 months. As the 12-month period "rolls" forward each month, the amount from the most recent month is added and the amount from the previous year is deducted. As a result, a 12-month total has been carried forward to the new month.
Cumulative sums, often known as running totals, are used to show the total sum of data as it grows over time (or any other series or progression). This allows you to see the entire contribution of a specific measure across time.
The total number of possible outcomes is 36, which is equal to the total number of the first die (6) multiplied by the total number of the second die (6).
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Moving along a country's ppf, a reason opportunity costs increase is that?
The increasing opportunity costs as country move along a production possibilities frontier (PPF) are a result of the resources.
In macroeconomics, the production possibilities frontier is the set of points at which a country’s economy is most efficiently allocating its resources to produce as many goods as possible. If production is on the production possibilities frontier, the country can only produce more of one good if it produces less of some other good.
If the economy is producing less than the quantities indicated by the production possibilities frontier, this is a sign that resources are not being used to their full potential. In this case, it is possible to increase the production of some goods without cutting production in other areas.
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The company's wacc is 10. 5%. what is the irr of the better project? (hint: the better project may or may not be the one with the higher irr. ) round your answer to two decimal places
The better Project is Project S having a NPV of $17.968 and IRR of 12.10 %
IRR:
An approach to capital budgeting that is used to assess the profitability of a project is the discounted payback time. Internal rate of return is one of these capital planning strategies (IRR).This rate of return corresponds to the point at which a project's net present value equals zero. Since it does not account for any outside forces, such as inflation, they call it internal.The calculator's capabilities will be utilized to determine the IRR,
Project S
CF0 = (1,000)CF1 = 882.62 & F01 = 1CF2 = 250 & F02 = 1CF3 = 15 & F03 = 1CF4 = 5 & F04 = 1I = 10.5%[NPV] [CPT]The NPV is $17.968[IRR] [CPT]The IRR will come as 12.10%Project LCF0 = (1,000)CF1 = 0 & F01 = 1CF2 = 260 & F02 = 1CF3 = 420 & F03 = 1CF4 = 732.87 & F04 = 1I = 10.5%[NPV] [CPT]The NPV is $15.78[IRR] [CPT]The IRR will come as 11.03%The better Project is Project S having a NPV of $17.968 and IRR of 12.10%Learn more about IRR here brainly.com/question/7920964
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The current price in the market for milk is $2.00 if the government imposed a price floor of $4.00 in this market total surplus would ____________.
The current price in the market for milk is $2.00 if the government imposed a price floor of $4.00 in this market total surplus would increase.
What is total surplus?A market's overall surplus serves as a gauge for the general well-being of all members. Combined consumer and producer surplus make up this amount. Consumer surplus is the gap between what customers are prepared to pay and what they actually pay for a good. Consumer advantages are quantified economically as consumer surplus. The economic concept of marginal utility, which is the additional enjoyment a customer receives from purchasing one more unit of an item or service, serves as the foundation for consumer surplus.When customers pay less for a good or service than they are willing to, this is known as a consumer surplus. It measures the extra benefit that consumers get from paying less for something than they would have been prepared to.
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According to the free cash flow hypothesis, which has the greater potential to reduce wasteful spending?
The debt facilitates prevents such firms from losing resources on low-go-back initiatives.
The free coins float speculation posits that money glide will increase the enterprise costs of companies with terrible investment possibilities. ' It assumes that management values investments in operations greater than investments in economic assets.
The unfastened coins float theory says that chance-only high debt stages will boom cost, in spite of the danger of monetary distress, whilst a company's working cash flow notably exceeds its profitable investment possibilities. The free coins flow theory is designed for mature firms which might be at risk of overinvesting.
Cash flows are available for bills to stockholders and debt holders of a company after the firm has made investments in property necessary to sustain the continued operations of the firm.
Coins glide reveals out the net coins inflow of working, investing, and financing activities of the commercial enterprise. free coins drift is used to discover the present fee of the business. the primary objective is to find out the real net coins influx of the business.
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As a group, oligopolists would always be better off if they would act collectively true or false?.
True As a group, oligopolists would always be better off if they would act collectively
What happens when oligopolists collude?Collusion happens when oligopoly firms make joint decisions, and act as if they were a unmarried firm. Collusion requires an agreement, either explicit or implied, between cooperating firms to limit output and achieve the monopoly price
What are the advantages of oligopoly?An oligopoly can embrace a competitive strategyThe extra profits made from an oligopoly can go into research and developmentIt can bring price strength to the market.Oligopolies can offer more details to their consumers. It allows for more development refinement to occur.
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A business’ success depends on four key factors: financing, location, management, and _____. a. opportunity costs b. retail sales c. competition d. employment opportunities please select the best answer from the choices provided a b c d
A business's success depends on four key factors: financing, location, management, and competition.
What is business?The practice of earning a living or generating revenue via the production, acquisition, and sale of items is known as business (such as goods and services).Additionally, it includes "any activity or enterprise undertaken for profit."The owner of the business is responsible and liable for any obligations made by the business since the business entity is not legally distinguished from the owner by the use of a business name.What do you mean by Competition.Competition is uncertainty as to how to ensure survival. Competition can arise between entities such as organisms, individuals, economic and social groups, etc. The rivalry can be over the attainment of any exclusive goal, including recognition: (e.g. awards, goods, mates, status, prestige), leadership, market share, niches, and scarce resources, or a territory.Learn more about business here:
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If the price of a good rises while demand remains unchanged, then total consumer surplus will:__________
If the price of a good rises while demand remains unchanged, then the total consumer surplus will decrease.
As the price of good rises, consumer surplus decreases, and because the fee of a good falls, consumer surplus will increase. The distinction between the lowest fee a firm might be willing to accept and the rate it clearly receives.
Consumer surplus is defined as the distinction between the entire amount that consumers are inclined and capable of pay for a great or provider (indicated with the aid of the call for curve) and the full amount that they surely do pay (i.e. the market charge).
An increase in demand reasons equilibrium prices to grow. A lower in call for reasons equilibrium charge to decrease.
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Where do you pay a bill by credit card when the bill was not entered through the enter bills window?
To pay the bill by credit card when the bill was not entered through the enter bill window -The pay bill windows on the Home window are used to pay a bill by credit card.
Write check window is used to pay sales tax,payroll taxes and when paying bill track with accounts payable.
Credit cards let you borrow money from a bank below the agreement that you will pay off it by way of your bill's due date or incur interest fees.
A credit card is a kind of credit facility, provided through banks that allow customers to borrow finances inside a pre-authorized credit score restriction. It enables clients to make buy transactions on goods and services.
A credit score card loan works like a personal mortgage from a bank, with cash deposited at once into your financial institution account and repaid in month-to-month installments.
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The first time ever corporation sells two products with a sales mix of 4:1 respectively for product a and b. what is the breakeven point in sales considering this additional information?
The correct answer is Sales of [tex]$40,000[/tex] for A, [tex]$20,000[/tex] for B.
Sales:
Lets consider 1 batch of production to contain [tex]4[/tex] units of A and [tex]1[/tex] unit B so as to maintain the product mix.
We will now first calculate the contribution from [tex]1[/tex] batch of production.
Contribution = Selling Price - Variable Cost
A and B
Selling Price [tex]50[/tex] and [tex]100[/tex]
Variable Cost [tex]20[/tex] and [tex]40[/tex]
Contribution [tex]30[/tex] and [tex]60[/tex]
Contribution per batch = Contribution of A * 4 + Contribution of B * 1 = [tex]30*4 + 60*1 = 180[/tex]
Total Fixed Cost = [tex]36000[/tex]
We know that Breakeven units = Total fixed cost / contribution per unit
So, Breakeven no. of batches [tex]= 36000 / 180 = 200[/tex] batches
Breakeven Sales of A = Breakeven no. of batches * units per batch * selling price per unit
[tex]= 200 * 4 * 50 = 40000[/tex]
Breakeven Sales of B = Breakeven no. of batches * units per batch * selling price per unit
[tex]= 200 * 1 * 100 = 20000[/tex]
Therefore, the correct answer is Option B - Sales of [tex]$40,000[/tex] for A, [tex]$20,000[/tex] for B.
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Mardee represented condo owner carol, and they signed an exclusive agency listing agreement. If carol found her own buyer, would she owe mardee a commission?
If carol found her own buyer, would she owe mardee a commission option (c)i.e, No, because Carol found her own buyer.
A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity. A commission can be paid instead of or in addition to a salary.
Employers provide a commission to entice workers, increase productivity, increase sales, and draw in new clients. In many areas, like the automotive and real estate sectors, commission-based pay is the norm for sales and marketing positions.
The complete question is:
Mardee is representing Carol in the sale of her condo, and they've signed an exclusive agency listing agreement. If Carol finds her own buyer, does she owe Mardee a commission?
a.)No, because Carol is not a real estate licensee.
b.)Yes, because they have an exclusive agency listing agreement.
c.)No, because Carol found her own buyer.
d.)Yes, but she only owes the listing commission.
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Brandon’s manager wants him to find out the churn levels related to activities in the past 12 months and report his findings at the next meeting. what does brandon need to find out?
Brandon needs to find out customer churn rate.
To find churn rate take the number of customers that we lost last quarter and divide that by the number of customers that you started with last quarter. The resulting percentage is our churn rate.
Churn fee, every so often known as attrition charge, is the rate at which customers prevent doing business with a company over a given time period. Churn might also observe to the range of subscribers who cancel or do not renew a subscription. The better your churn price, the more customers prevent buying from your business.
Churn rate, now and again known as attrition fee, is the fee at which customers forestall doing enterprise with a employer over a given time frame. Churn may also follow to the wide variety of subscribers who cancel or don't renew a subscription. The higher your churn fee, the greater clients forestall shopping for from your commercial enterprise.
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Small and medium-sized firms are often better prepared to leap into global markets because they:________.
Small and medium-sized firms are often better prepared to leap into global markets because they: can react quickly to opportunities.
The three major reasons why businesses decide to go global:
Economic.Competitive.Technological.Political/Legal.Sociocultural.When a company decides to enter the global market, usually the least complicated and least risky alternative is exporting or selling domestically produced products to buyers in another country. A company, for example, can sell directly to foreign importers or buyers.
The government is a driving force that helps businesses enter foreign markets. The Department of Commerce, International Trade Administration is the lead agency that fulfills its mandate through a network of domestic export assistance centers and a variety of services and programs.
The global strategy offers greater opportunities to take innovations developed at the corporate level or in one market and apply them to other markets. Research suggests that the performance of the global strategy is enhanced if it deploys in areas where regional integration across countries is occurring.
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Costa rica is a top exporter of coffee. the highest-quality coffee is sold abroad, and the lower-quality coffee is consumed by the native costa rican people. which basic economic question is not addressed in this information? what to produce? why to produce? how to produce? for whom to produce?
Three basic economic questions are -
What to produce?How to produce?Whom to produce for?Economists study how households and businesses interact to produce the goods and services people need. They look at the factors of production, such as land, labor, and capital, and how they are combined to produce goods and services. Essentially, economists try to answer three sets of questions:
What goods and services should be produced to satisfy consumer needs? How much of this product do you need? When should you produce a report? What is the best way to produce goods and services? How should these products be produced, and what resources should be used to do so? Who should be the recipients of goods and services? How should the product be allocated among consumers?To learn more about Economics Questions from the given link
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When a central bank prints money to pay government debts, causing rising prices that erode the purchasing power of money held by the public, it is called a(n):_________
When a central bank prints money to pay government debt, causing rising prices that erode the purchasing power of money held by the public, it is called an inflation tax.
Inflation is the rate of increase in prices over a given time period. Inflation is normally a broad measure, which includes the overall increase in expenses or the increase in the price of living in a country.
Prices increase when the government prints too much cash. Excessive growth inside the cash supply always leads to inflation. A standard increase in costs and fall in the purchasing value of money. Inflation drives up prices and drives down the value of money.
Inflation can reduce the value of debt, in case your wages keep pace with inflation. It is possible to have inflation with no increase in income. In this case, it is tougher to repay your debt. Your earnings are the same, but you need to spend extra on buying goods leaving much less disposable income to pay your debt.
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The parent teacher organization has raised $1800 to help pay for a year-end trip to an amusement park. they ask that there be one adult for every five students attending. adult tickets cost $45 and student tickets cost $30. if the group wants to take 50 students, how much will each student need to pay so that adults agreeing to chaperone pay nothing? a. $5 b. $40 c. $150 d. $3 please select the best answer from the choices provided a b c d
A correct option is option (d), i.e. $3.
The parent-teacher organization has raised $1800 to help pay for a year-end trip to an amusement park. they ask that there be one adult for every five students attending. adult tickets cost $45 and student tickets cost $30. if the group wants to take 50 students, how much will each student need to pay so that adults agreeing to chaperone pay nothing?
x=number of chaperones needed.
x/50 students=1 adult/5students
x/10=1 adult
x=10 adults
To pay for 50 students and 10 adults:
50($30)+10($45)=$1500+$450=$1950
They have collected $1800, so they are $150 short.
$150/50students=$3/student
Each student must pay $3.00.
What is algebra explain?
The area of mathematics known as algebra deals with symbols and the formulas used to manipulate them. These symbols, which are currently expressed as Latin and Greek letters, are used in elementary algebra to represent variables, or quantities without set values.
Do we need algebra in real life?
A valuable life skill worth mastering is algebra. It takes us beyond elementary math and gets us ready for calculus and statistics. It is helpful for a wide variety of vocations, some of which a student might pursue as a second career. The use of algebra in the home and for assessing news articles.
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U. s. treasury securities considered to be risk-free because they have minimal, if any, ____ risk.
U. s. treasury securities are considered risk-free because they have minimal if any, default risk.
Given that the U.S. government stands behind them with its full faith and credit, Treasury securities are among the safest investments. According to the maturity period, Treasury securities are separated into three major groups:
Treasury Notes Treasury BondsTreasury BillsYou can buy any of these Treasury securities directly from the US government, through a bank, or through a broker. Despite being low-risk, treasuries do have some risks, such as being affected by inflation and interest rate changes. Treasuries have low returns because they are a secure investment. Federal taxes must be paid on interest received on Treasury securities.
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Jacqi tells kenneth, who does not know how to perform comedy, that she will tutor him in the subject for $500. As an offer, this is?
Jacqi tells Kenneth, who does not know how to perform comedy, that she will tutor him in the subject for $500. As an offer, this is effective.
Comedy is a genre of fiction consisting of narratives or works intended to be humorous or funny by inducing laughter, especially in theatre, film, stand-up comedy, television, radio, books, and other entertainment media.
It is in this sense that Dante used the term in the title of his poem La Commedia. Over time, the word became more and more associated with all kinds of performances intended to make people laugh. In the Middle Ages, the term "comedy" became synonymous with satire, and later humor was Synonymous with General.
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Which approach to international human resource management is based on the parent company's home-country frame of reference?
Ethnocentric approach to international human resource management is based on the parent company's home-country frame of reference.
We fill positions around the world with people from our parent country because of the ethnocentric approach to recruitment. For instance, if we needed to fill an executive position in another nation, we could: Relocate one of our current workers who is a citizen or permanent resident of our parent nation.
The term "ethnocentric staffing policy" refers to a multinational corporation's decision to hire managers for critical roles from the parent headquarters rather than local employees ("Global Human Resource Management").
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Since optimization is used to analyze people's choices and help them improve the outcomes of their choices, its a. both normative and positive. b. normative only. c. positive only. d. because it
Since optimization is used to analyze people's choices and help them improve the outcomes of their choices, it a. both normative and positive.
Maximizing or minimizing some feature relative to some set, regularly representing more than a few picks available in a positive scenario. The function allows comparison of the special alternatives for figuring out which is probably “great.”
practically, function optimization describes a category of issues for locating the input to a given function that consequences within the minimal or maximum output from the feature. The goal relies upon on sure traits of the device, referred to as variables or unknowns.
The motive of optimization is to reap the “first-class” layout relative to a hard and fast of prioritized standards or constraints. These consist of maximizing factors together with productivity, strength, reliability, durability, performance, and utilization.
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The cost method that will yield an ending inventory that is closer to current prices is the________.
The cost method that will yield an ending inventory that is closer to current prices is the FIFO inventory cost method.
What do you mean by cost method?
Certain investments are recorded using the cost method of accounting in a company's financial statements. When an investor owns an investment and has little or no control over it, which is often expressed as owning less than 20% of the company, they adopt this strategy.
What is FIFO and LIFO method?
The Last-In, First-Out (LIFO) approach is predicated on the idea that the most recent or most recent unit to enter inventory gets sold first. The oldest unit of inventory is supposed to be sold first according to the First-In, First-Out (FIFO) technique.
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The differentiation strategy can be effective in controlling the power of rivalry with existing competitors in an industry because:_____.
In an industry because customers are loyal to brands that are differentiated in meaningful ways.
An industry is a collection of businesses that are associated based on their primary business activities. In contemporary economies, there are dozens of industry classifications. industry classifications are commonly grouped into larger classes called sectors.
The industry is a fundamental activity in the economic system of any country, and it's liable for the processing and the transformation of natural products (raw substances) into other finished and semi-finished products.
There are 4 kinds of industry, namely primary, secondary, tertiary, and quaternary. Primary industries involve sports related to the extraction and processing of natural sources, such as agriculture, mining, fishing, and so on.
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