When it comes to advertising, most options can be quite expensive, which is why it is necessary to have a formal advertising budget.
An organization's allotment of promotional costs over a predetermined time frame is known as an advertising budget. It is a gauge of how much money a business plans to spend on achieving its marketing goals. The advertising budget is the point in an organization's operational planning when its strategic marketing objectives and cost-benefit analysis coincide. An economic principle known as the Dorfman-Steiner Rule maximises the cost of advertising. According to the theorem, a business can increase income by investing in advertising or lowering the cost of a good.
According to the Dorfman-Steiner Rule, a company's advertising spending is at its profit-maximizing equilibrium when an extra dollar of advertising simply results in an extra dollar of net revenue. The Dorfman-Steiner rule only applies to monopolists who seek to maximise profits.
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In the _________, the perfectly competitive firm will seek out ________________________.
In the long run, the perfectly competitive firm will respond to profits by improving its production.
In the long run, perfectly competitive firms will react to profits by expanding production. They will react to losses by decreasing production or leaving the market.
What happens to a perfectly competitive firm in the long run?There exist no economic profits in a perfectly competitive market in the long run because ultimately, the drivers of profits end to exist.
In the long run, perfectly competitive firms will respond to profits by diminishing production.
A perfectly competitive firm generally improves its marginal revenue with each further item sold, and a monopolist lowers its marginal revenue as the amount of sales enlargements.
A perfectly competitive business must obtain the equilibrium price at which it markets its products because it exists as a price taker. A completely competitive business will not be capable to develop any sales if it aims to charge a small amount beyond the going rate.
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What would happen in the market for suvs if the government started to subsidize the production of suvs that get very few miles per gallon and the price of gasoline went up?
In the market for SUVs if the government started to subsidize the production of SUVs that get very few miles per gallon and the price of gasoline went up : The equilibrium price will go down and equilibrium quantity will be indeterminate.
What is Equilibrium Price?The Price at which the demand and supply equate to each other is called "Equilibrium" price.
If price falls then the demand rises. If price rises then the demand falls. On the other hand, if the price rises then the supply also rises by suppliers. If the price falls then the supply falls by suppliers or producers. When supply and demand of the market are equal then it is said to be "Equilibrium" . when the demand of the goods is equal to the supply of goods it is known as Equilibrium.
The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect. To determine the equilibrium price, you have to figure out at what price the demand and supply curves intersect.
Therefore, we can conclude that the correct option is B.
Your question is incomplete, but most probably your full question was:
What would happen in the market for SUVs if the government started to subsidize the production of SUVs that get very few miles per gallon and the price of gasoline went up?
A. the equilibrium price will go up and equilibrium quantity will be indeterminate
B. the equilibrium price will go down and equilibrium quantity will be indeterminate
C. the equilibrium price will be indeterminate and equilibrium quantity will go up
D. the equilibrium price will be indeterminate and equilibrium quantity will go down
E. the equilibrium price will go up and equilibrium quantity will go up
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The type of organization that has direct two-way lines of responsibility, authority, and communication from the top down, with everyone reporting to one supervisor is called a:
The type of organization that has direct two-way lines of responsibility, authority, and communication from the top down, with everyone reporting to one supervisor is called a line organization.
The most basic structure for the entire administrative structure is the line organization. The relationship's vertical flow is approached through line organization. In a line organization, power is distributed horizontally. It is also referred to as the scalar principle or the chain of command.
The simplest and oldest kind of administrative structure is line organization. According to this kind of structure, power is distributed throughout an organization. From top to bottom, the chain of command is followed.
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The petty cash fund is:_______
a. established by estimating payments needed.
b. used to pay small amounts that occur often.
c. a special cash fund.
d. all of these choices are correct.
The petty cash fund is a special cash fund which is established by estimating payments needed, and used to pay small amounts that occur often.
The purpose of a petty cash fund is to provide the business units with enough cash to cover minor expenditures. It is a special fund which is set up to pay for minor expenses with cash instead of paying by cheque (e.g. fares, tea and coffee, stamps etc).
A petty cash fund is maintained on a periodic basis. The fund is created by drawing a check on the regular cash account maintained by petty cash custodian.
Hence, option D is correct.
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Studies have found a strong correlation between academic dishonesty and dishonesty at?
Studies have found a strong correlation between academic dishonesty and dishonesty at increasing control.
What is correlation?
Any statistical association, whether causal or not, connecting two independent variables or dependent and independent variables data is known to in statistics as correlation or dependency.
In statistics, "correlation" often refers to the strength with which a couple of characteristics are linearly connected, even if in its broadest definition it can denote any kind of relation.
The connection between a parent's height and that of their children is a well-known example of a dependent phenomenon, as is the connection between a good's price and the quantity that buyers are prepared to buy, as shown in the so-called quantity demanded.
Because they can reveal a prospective association that can be used in real-world situations, correlations are helpful.
Correlation is often used interchangeably with interdependence. However, in a technical sense, correlation might relate to any of a number of distinct kinds of numerical computations between the variables being evaluated and their related predicted values.
In essence, correlation is a measure of the interaction between two or more variables.
What is dishonesty?
Dishonesty means act of integrity; a propensity to take, betray, or misrepresent
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A $63,000 machine with a 7-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with a new machine costing $75,000, with a 5-year class life. The new machine will not increase sales, but will decrease operating costs by $16,000 per year. Simplified straight line depreciation is employed for both machines, and the marginal corporate tax rate is 34 percent. What is the initial outlay for the project?.
The initial outlay for the project after depreciation is loss of $26,700.
What is depreciation?Depreciation in accounting refers to two parts of the same concept: first, the real decline in fair value of an asset, such as the worth of factory equipment each year.
Depreciation is used to match the cost of a productive asset with a useful life of more than a year to the revenues received by employing the asset. The expense of an asset is frequently spread out throughout the years that it is used.
Section 32 of the Income Tax Act of 1961 contains the provision for authorising depreciation. Depreciation is a deduction allowed by the Income Tax Act for the reduction in the real worth of a physical or intangible asset used by a taxpayer.
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A good's market price communicates important information to decision makers in the economy.
a. true
b. false
The statement, a good's market price communicates important information to decision makers in the economy, is true.
In the market, the consumer-buyers and producer-sellers make their own independent decisions and they are referred as decision makers, but market prices coordinate their choices and influences their actions. Thus, here the equilibrium is a state in which the conflicting forces of demand and supply are in balance.
Prices indicates information and provide incentives to buyers and sellers. So in the market, high prices are signals to producers to produce more and buyers to buy less. Low prices are signals for producers to produce less and for buyers to buy more.
Hence, option A is correct.
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What is a segment of a company representing a specific business function?
a. business unit
b. information age
c. business intelligence
d. knowledge facilitator
Business unit is a segment of a company representing a specific business function such as accounting, marketing, producing.
What is Business Unit?In business strategic management, a profit center that prioritizes product offerings and market segments is known as a strategic business unit (SBU).Even though they may be a part of a bigger business organization, SBUs often have a distinct marketing plan, study of the competition, and marketing campaign.An SBU could be a branch, a company unto itself, or a business unit within a bigger enterprise. Multiple SBUs may make up corporations, and each is in charge of ensuring its own profitability.An organization of this type in a company is General Electric (GE), for instance. The majority of the elements that affect SBUs' performance are within their control. They report to a parent company and are run as distinct enterprises. 49 SBUs make up GE.To learn more about Business Unit with the given link
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Gracie is African American and has applied for a management job at Big Box Store (BBS), a large corporation. BBS has a workforce that is roughly 35% African American, 30% Hispanic, 20% Asian and 15% white. This closely approximates the workforce available to BBS, although African Americans and Hispanics are slightly overrepresented. Gracie is turned down for the job and is told that BBS has too many African Americans so she couldn't be hired. She is a victim of
Given that Gracie has been turned down on the basis that there were too many African Americans, we can call this disparate treatment.
What is disparate treatment?
This is the term that is used to refer to the type of treatment that may be done adversely which has the way of affecting the person in a rather unpleasant way.
The treatment here is an unfair one because she may even be fully prepared to take the job and act well. But the fact that the opportunity was taken from her would leave her feeling sad and unpleasant about the situation.
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Which of the compensation systems listed are likely to be effective in building cohesive teams?
Which of the compensation systems listed are likely to be effective in building cohesive teams: skill-based pay and gain-sharing
A building is a structure that has a roof and walls, for example, a house or a factory.
A relatively permanent enclosed construction over a plot of land, having a roof and usually windows and often more than one level, is used for any of a wide variety of activities, such as living, entertaining, or manufacturing. anything built or constructed.
A structure with walls and a roof standing more or less permanently in one place is commonly known as a building.
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In home replication strategy, knowledge flow is multidirectional, while in transnational strategy, it is one-way.
a. true
b .false
In home replication strategy, knowledge flow is multi directional, while in transnational strategy, it is one-way. This statement is False.
The companies offer standardized products and exploit the parent companies knowledge through the world. Their key strategic capability basically is to transfer the home countries innovations worldwide.
An example can be taken from the German automotive industry, which uses a home replication strategy when entering new markets.
The businesses provide uniform products and make use of the parent firms' knowledge globally. Their primary strategic capability essentially consists of exporting domestic ideas to other countries.
The German auto sector, which employs a home replication strategy when entering new markets, serves as an illustration.
Hence, option B is correct.
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Firms that have selected a related diversification corporate-level strategy seek to exploit?
Firms that have selected a related diversification corporate-level strategy seek to exploit core competency.
Some firms which are engaged in the related diversi fication aim to develop and exploit a core competency to become more successful.
A core competency is a that skill set which is difficult for competitors to imitate. It can be leveraged in the different businesses, and contributes to the benefits enjoyed by customers within each business of the organization.
Related diversification occurs when any firm moves into a new industry which has important similarities with the firm’s existing industry or business lines.
For example: Firm is in the information business, since in 2014 it purchased the who is a a maker of solar-powered drones is an example of related diversification.
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Material requirements plus an allowance for normal inefficiencies are added together to determine the.
Material requirements plus an allowance for normal inefficiencies are added together to determine the Quantity Standard of a direct material per unit of output.
What is direct material ?The cost of direct materials, which may be easily recognised with the unit of production. In the manufacture of light bulbs, for example, the cost of glass is a direct material cost. Material was required as the primary component in the creation of items or goods.
Direct material refers to the physical components of a product. A baker's direct materials, for example, include flour, eggs, yeast, sugar, oil, and water. The direct materials concept is utilised in cost accounting, where this expense is categorised independently in various types of financial analysis.
Direct materials are those that are essential to the manufacturing process and can be traced back to the specific product manufactured.
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Suppose that the federal reserve enacts expansionary policy. everything else held constant, this will cause the demand for u. s. assets to ________ and the u. s. dollar to ________
Suppose that the federal reserve enacts expansionary policy. everything else held constant, this will cause the demand for u. s. assets to decrease and the u. s. dollar to depreciate.
The reserve ratio is the quantity of cash deposits that a bank is required to keep on hand and withhold from lending out. The higher the reserve requirement, the less money a bank may lend, but the additional funds also assist the bank avoid failure and improve its balance sheet.
However, when the reserve ratio increases and when it decreases, monetary policy is considered contractionary.
If the Federal Reserve chooses to implement an expansionary monetary policy and lower the reserve ratio, commercial banks will be able to raise the amount of loans they make to individuals and companies.
The effect is an increase in the money supply, economic growth, and inflation rate.
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If the financial markets are efficient, then investors should expect their investments in those markets to?
If the financial markets are efficient, then investors should expect their investments in those markets to Market efficiency. The Market efficiency refers to how well current prices reflect all available, relevant information about the underlying assets' actual value. Because any information is useless in a truly efficient market, beating the market is impossible.
If the New York Stock Exchange is a well-functioning market, Company ABC's share price accurately reflects all available information about the Market. As a result, all NYSE participants could predict that Company ABC would release the new product. As a result, the company's stock price remains unchanged.
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Jimmy always has a face-to-face meeting before he works with any buyer. what might be a good reason for this?
Jimmy always uses a face-to-face meeting before he works with any buyer. The main reason for this is "to build trust and rapport".
What do you mean by Meeting?A meeting is defined as the transmission between more than two individuals who talk over one or more topics with each other.
The meeting can be face to face, verbal, non-verbal or through the social media like cell-phones or video call. This is helpful for making best decisions.
Nowadays, when the chances of coronavirus increase day by day, most of the companies use face-to face interactions in order to reduce chances of this disease and doing promotions activities along with candidate's interviews.
Face-to-face communication is better than the written or audio communication because it is helpful to create a stronger trust between the parties. This provide the information about candidate or a consumer effectively.
Moreover, jimmy uses this type of meeting in order to interact more buyers as well as create a strong bond between them . This leads to increase in productivity.
Through this Jimmy can effectively read their buyer's body languages and get the information regarding any changes or improvement in his product.
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Brittany decides to go into a veterinary business on her own. this type of control and management is known as a(n)?
Brittany decides to go into a veterinary business on her own. this type of control and management is known as a sole proprietorship .
A sole proprietorship is an enterprise that may be owned and controlled with the aid of a character, a corporation, or a constrained liability partnership. There are no partners in the commercial enterprise. The criminal popularity of a sole proprietorship can be defined as follows: It isn't always a separate legal entity from the commercial enterprise owner.
A sole proprietorship is a form of a commercial enterprise with the simplest proprietor. The owner has complete authority over every factor of the commercial enterprise. A sole proprietorship isn't always a separate legal entity – it is considered an extension of the owner. But you could perform below an exchange call, like “Bob Smith Plumbing.”
A sole proprietorship is a business that can be owned and managed through a person, an agency, or a constrained legal responsibility partnership. There aren't any partners inside the commercial enterprise. The felony reputation of a sole proprietorship may be defined as follows: It isn't a separate felony entity from the enterprise proprietor.
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What does the term intellectual property encompass, and why are organizations so concerned about protecting intellectual property?
Intellectual property refers to the creation of one's own mind which includes inventions, literary and artistic works, design and symbols invented on own or for the first time. They could also be the names and images used in commerce and trade.
It is important to protect the fostering or duplicate of the innovation. Without the protection of ideas, business and individuals associated with the property may not reap any benefits or get some death threats or the social threats.
Intellectual property are important to encompass and generate long term revenues and goodwill of the organisation. It also increase shareholders value with the face value of shares.
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The change in inventories, a component of aggregate supply, comprises roughly __________ of gdp
The change in inventories, a component of the aggregate supply, comprises roughly 0.5% of GDP. The total amount of merchandise that businesses will produce and sell is known as aggregate supply, or real GDP. The positive association between price level and real GDP in the short run is demonstrated by the upward-sloping.
The aggregate supply curve, also known as the short run aggregate supply curve. The total amount of products and services produced in a given economy is shown as the aggregate supply. If the factor prices dropped, for instance, aggregate supply would increase as a result of the determinant.
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If autonomous spending increases by $500 billion and, as a result, equilibrium real gdp increases by $2 trillion, then we know that the?
If autonomous spending increases by $500 billion and, as a result, equilibrium real GDP increases by $2 trillion, then we know that the expenditure multiplier is 4.0.
What is the expenditure multiplier?The expenditure multiplier (also known as the spending multiplier) is a ratio that relates the entire change in a country's GDP produced by an autonomous change in aggregate spending to the amount of that change in spending. It calculates the impact of each dollar spent during an initial spending increase on a country's total real GDP.The impact of a change in revenue caused by a change in government spending is referred to as the government expenditure multiplier, denoted by kG. Thus, the government expenditure multiplier is the ratio of an increase in revenue (Y) to an increase in government spending (G).For example, if autonomous spending rises by $500 billion and equilibrium real GDP rises by $2 trillion as a result, we know that the expenditure multiplier is 4.0.Therefore, if autonomous spending increases by $500 billion and, as a result, equilibrium real GDP increases by $2 trillion, then we know that the expenditure multiplier is 4.0.
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Municipal bonds are most attractive to residents of states with high income tax rates.
a. true
b. false
The statement is True. Municipal bonds are most attractive to residents of states with high-income tax rates.
Municipal securities, or "munis," are bonds issued via states, towns, counties, and other governmental entities to raise cash to construct roads, faculties, and a host of other initiatives for the public right.
A municipal bond, normally called a muni, is a bond issued by country or neighborhood governments, or entities they create which include government and unique districts. Inside the USA, hobby income received by way of holders of municipal bonds is regularly, however now not usually, exempt from federal and state earnings taxation.
On the plus side, relatively-rated municipal bonds are normally very secure investments compared to nearly some other investments. The default price is tiny. as with any bond, there is an interest price threat. In case your money is tied up for 10 or 20 years and hobby prices upward thrust, you'll be stuck with a terrible performer.
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Which characteristic of competitive markets is mainly responsible for firms making zero economic profits in the long run?
Easy entry into and exit characteristic of competitive markets is mainly responsible for firms making zero economic profits in the long run.
What is profits?Profit is defined as the financial benefit obtained when the income generated by a commercial activity exceeds the expenses, costs, and taxes associated with the activity in question.
Profit is the amount of money left over after all expenses have been paid. Gross profit, operating profit, and net profit are the three types of profit. The profit margin demonstrates how effectively a company uses revenue. Profit is the driving force behind capitalism and free-market economies. Profits rise when revenue rises and costs fall.
The profit formula is expressed as a percentage, with all expenses deducted from sales and the result divided by sales.
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Misstatements in the financial statements are most likely to occur when there are:_____.
Misstatements in the financial statements are most likely to occur when there are Omission of notes to the financial statements.
what are financial statements?
Financial statements are documents that describe a company's operations and financial performance. Government organizations, accounting company's, etc. frequently audit financial accounts to guarantee accuracy and for tax, financing, or investment purposes. Accounting statements comprise the
Balance sheet Income statementsCash flow statementsInvestors and financial analysts use financial information to assess a company's performance and forecast the course of its stock price in the future. Investors, market analysts, and creditors assess a company's financial status and profits potential using its financial statements. The balance sheet, income statement, and statement of cash flows are the three main financial statements reports.
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The fastest and easiest way for a firm to diversity its portfolio of businesses is through acquisition because:____.
The fastest and easiest way for a firm to diversify its portfolio of businesses is through acquisition because of option A. Unrelated acquisitions are usually uncomplicated because the acquired firm is allowed to continue to function independently as it did before the diversification acquisition.
Diversify acquisition is a corporate movement wherein a company takes a controlling interest in some other organization to expand its product and service offerings. One manner to determine if a takeover comes under diversification acquisition is to have a look at the two organizations' fashionable industrial classification (SIC) codes.
You can diversify into related fields with the aid of buying up competitors or suppliers, increasing company synergy and your typical market proportion. As a substitute, you may flow into unrelated industries, which cushions you in case your present-day center market all of sudden weakens.
Your question is incomplete. Please read below for the missing content.
The fastest and easiest way for a firm to diversify its portfolio of businesses is through acquisition because:
A) unrelated acquisitions are usually uncomplicated because the acquired firm is allowed to continue to function independently as it did before the acquisition.
B) of barriers to entry in many industries.
C) innovation in both the acquired and the acquiring firm is enhanced by the exchange of competencies resulting from the acquisition.
D) it is difficult and time intensive for companies to develop products that differ from their current product line.
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Firms seeking to compete on the basis of cost leadership particularly need support from the __________ and __________ functions
Firms seeking to compete on the basis of cost leadership particularly need support from the manufacturing and process R&D functions.
Cost leadership is a term used whilst a company tasks itself as the most inexpensive manufacturer or issuer of a selected product or commodity in opposition. it's miles tough to install the method due to the fact the management has to constantly paint on reducing cost at each stage to remain competitive.
A corporation pursuing a price management method aims to set up a competitive advantage by using attaining the lowest operational fees in their quarter.
A centered cost leadership strategy calls for competing based totally on rate to the goal of a slim market. A company that follows this strategy does now not always rate the lowest prices within the enterprise. instead, it expenses low costs relative to different companies that compete inside the goal marketplace.
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If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market power will______.
If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market power will set a lower price in the market that is more price elastic. Price elasticity is a tool used by economists to analyze how supply and demand for a product fluctuate in response to price changes.
Along with demand, supply also exhibits elasticity, which is referred to as price elasticity of supply. Price elasticity of supply is the correlation between price change and supply change. It is computed by subtracting the percentage change in price from the percentage change in quantity delivered.
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How does the dynamic model of aggregate supply and aggregate demand explain inflation?
The dynamic model of aggregate supply and aggregate demand explain inflation When the aggregate supply of goods and services decreases because of an increase in production costs, it results in cost-push inflation. in order to compensate, the increase in costs is passed on to consumers, causing a rise in the general price level: inflation
AD measures the entire demand for all finished commodities and services, produced in an economy at a particular time period.
AS measured the entire supply of services and commodities produced within an economy at a given price level in a particular time period.
Aggregate amount or score is made up of several smaller amounts or scores added together.
Inflation is the rate of increase in prices over a given period of time.
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The income approach is required by fannie mae for __________ properties, but not for ___________ properties
The income approach is required by Fannie Mae for 3 unit properties, but not for 1 unit properties.
Fannie Mae restricts the number of single family residences, that is 1 - 4 unit properties to a maximum of ten properties owned, when purchasing a second home or an investment property.
The number of allowed conventionally financed properties from 4 to 10 was increased by Fannie Mae. Thus, you may face some challenges that go along with the process of getting up to 10 conventional mortgages while you try qualifying for more.
Hence, by Fannie Mae, income approach is required for 3 unit properties, but not for 1 unit properties.
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Higher or lower social status delivers higher or lower positional _____________ to consumers.
It delivers higher or lower positional values.
A person's social standing is the degree of social worth that they are seen to have. It refers to the amount of respect, honor, presumed competence, and deference afforded to individuals, groups, and organizations in a community.
Social standing is significant because it provides customers with positional value. This means that their social standing lifts certain customers above others. Social class members are often homogenous in character. Social perception is a critical factor that determines an individual's purchasing behavior.
Therefore, the blank is to be filled by positional values.
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What two factors determine a stock's total return?
a) bond rates
b) expected return
c) abnormal return
d) unexpected return
Expected return and unexpected return are the two factors to determine a stock's total return. Hence, option B and D are correct.
What is stock's total return?Total return is the amount of value an investor receives from an asset over a specific period of time, often one year, when all distributions have been reinvested. A percentage of the initial investment represents the total return.
The total of the income incorporates all income earned over a specific time period, including interest, capital gains, dividends, and distributions. The amount of an investment's income, often represented as a percentage rate.
Thus, option B and D are correct.
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