3. What should you do before writing the report?
Gather the background information, and determine the problem necessitating the proposal.
Establish criteria for comparison.
Draw conclusions and make recommendations.
4. Yardstick reports (tell how the criteria were selected or developed / examine problems with one solution / avoid mentioning alternatives) .
Answers
Gather the background information, and determine the problem necessitating the proposal you should do before writing the report.
Report writingIn technical words, a report is any description, oral or written, of the things touching a certain topic. This might be anything from a trial testimony to a third-grade book report. A report is a document that comprises all factual facts about an event or issue and covers all of the information linked to it. As a result, the person writing the report must ensure that all of the information supplied is supported by appropriate proof. Reports are divided into three categories based on their aim or motivation. The most prevalent sorts of reports are as follows: 1. Academic Reports: This report assesses the child's understanding. It determines whether the learner comprehended and understood the material.
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Related Questions
Family members may lend you money based on
A)Obligation
B)Your sound business plan
C)Your strength of character
D)Guilt
Answers
Answer:
D)Guilt
Explanation:
Commercial lenders consider the ability to repay, collateral offered, credit score, loan purposes, business plan, among other things before advancing credit to an individual or firm. Lenders have formal requirements to be met for a loan to be issued. As for family, there are no set requirements or criteria for lending amongst members.
Family members may lender based on various reasons. From the list provided, guilt could be a base for lending. A family member may feel bad when they turn down a request from a fellow member. To avoid that guilt feeling, a family member will lend out money to another member.
The initial cash outlay of a project is X is Rs 100,000 and it can generate cash inflow of Rs 40,000, Rs 30,000, Rs 50,000 and Rs 20,000 in year 1 through 4. Assume a 10 per cent rate of discount. Assume that a project Y requires an outlay of Rs 50,000 and yields annual cash inflow of Rs 12,500 for 7 years at the rate of 12%.
Answers
On the net present value analysis, project Y is expected to generate a higher return on investment compared to project X.
To evaluate the two projects, X and Y, we will calculate their net present value (NPV) using the given cash inflows, discount rate, and initial cash outlay.
For project X:
The cash inflows for each year are Rs 40,000, Rs 30,000, Rs 50,000, and Rs 20,000 for years 1 through 4, respectively.
The initial cash outlay is Rs 100,000.
The discount rate is 10%.
To calculate the NPV, we discount each cash inflow to its present value using the discount rate and subtract the initial cash outlay:
NPV(X) = (40,000 / (1 + 0.10)^1) + (30,000 / (1 + 0.10)^2) + (50,000 / (1 + 0.10)^3) + (20,000 / (1 + 0.10)^4) - 100,000
Simplifying the calculations:
NPV(X) = 36,363 + 24,793 + 34,979 + 13,167 - 100,000
= 9,302
The net present value (NPV) for project X is Rs 9,302.
For project Y:
The cash inflow for each year is Rs 12,500 for 7 years.
The initial cash outlay is Rs 50,000.
The discount rate is 12%.
Using the same formula as above, we calculate the NPV for project Y:
NPV(Y) = (12,500 / (1 + 0.12)^1) + (12,500 / (1 + 0.12)^2) + ... + (12,500 / (1 + 0.12)^7) - 50,000
Simplifying the calculations:
NPV(Y) = 11,161 + 9,960 + 8,888 + ... + 3,637 - 50,000
= 11,042
The net present value (NPV) for project Y is Rs 11,042.
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the required return on the stock of moe's pizza is 12.1 percent and after tax required return on the company's debt is 3.79 percent. the company's market value capital structure consists of 73 percent equity. the company is considering a new project that is less risky than current operations and it feels the risk adjustment factor is minus 2.2 percent. the tax rate is 40 percent. what is the required return for the new project
Answers
Answer:
7.65%
Explanation:
required return = (percent of stock x required return on stock) + (after tax cost of debt x percent of debt) - adjustment factor
Percent of debt = 100 - 73 = 27%
(12.1 x 0.73) + (3.79 x 0.27) - 2.2 = 7.65%
How do answer this question?
Answers
To calculate the Percent change the formula applied as
A. Percent Change = ((New Value - Old Value)/Old Value) x 100
Year 2: ((66-60)/60) x 100 = 10.00%
Year 3: ((72-66)/66) x 100 = 9.09%
Year 4: ((81-72)/72) x 100 = 12.50%
Year 5: ((94-81)/81) x 100 = 16.05%
Year 6: ((160-94)/94) x 100 = 70.21%
Year 7: ((270-160)/160) x 100 = 68.75%
Year 8: ((450-270)/270) x 100 = 66.67%
B. Calculation of percent change for the entire period
Percent Change = ((Final Value - Initial Value)/Initial Value) x 100
((450-60)/60) x 100 = 650.00%
C. Based on the information presented, it is difficult to say whether this is a bubble or not. While there are significant percentage gains during the eight-year period, meanwhile fluctuation is also observed in percent change.
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Is the tariff the best way to achieve the goals of the argument?
Answers
Answer: Yes
Explanation:
Tariffs are import tax that is imposed on goods coming from other nations. Countries can start trade or other discussions by imposing tariffs. Tariffs can be used by both parties to develop economic strategies and conduct trade negotiations.
Who is Warten Weg, and what does he do?
Answers
Explanation: Warten Weg is a highly skilled and talented graphic designer based in South Africa, who has made a name for himself in the industry as a successful freelancer. With a wealth of experience in the field of graphic design, Warten has established himself as a go-to designer for clients looking for innovative and visually stunning design solutions.
Warten's passion for design shines through in every project he takes on, whether it be designing a logo, creating a website, or designing marketing collateral. He is committed to delivering designs that not only look great but also convey a clear message and connect with the target audience.
Over the years, Warten has worked with clients from all over the world, developing a diverse portfolio of work that showcases his versatility as a designer. His ability to adapt to different industries and design styles has helped him establish long-lasting relationships with clients, who often return to him for repeat work. With his creative flair and exceptional design skills, Warten is sure to continue making waves in the world of graphic design for years to come. MORE INFO: Warten Weg - Graphic Design | Creative Director | Web Design
:D Hope this helps!
The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Answers
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.
In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.
Answers
The entrepreneur that is chosen for this argument is Steve Jobs. Steve Jobs was one of the co-founders of Apple, which is now a trillion-dollar company.
The free enterprise system was necessary for Steve Jobs to make an impact on the business world. Steve Jobs did not come from a wealthy background, but he had a passion for technology. The free enterprise system allowed him to start a business without any restrictions from the government.
He was able to create innovative products, such as the iPhone and iPad, and sell them to consumers. The supply and demand of consumers determined the success or failure of his business endeavors. Steve Jobs was able to create a successful company and become a billionaire because of the free enterprise system.
Without the free enterprise system, Steve Jobs may not have been able to start a successful business and make an impact on the business world.
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Differential Analysis for a Lease or Sell Decision Granite Construction Company is considering selling excess machinery with a book value of $282,400 (original cost of $400,700 less accumulated depreciation of $118,300) for $275,700, less a 5% brokerage commission. Alternatively, the machinery can be leased for a total of $284,900 for five years, after which it is expected to have no residual value. During the period of the lease, Granite Construction Company's costs of repairs, insurance, and property tax expenses are expected to be $24,600.
Required:
Prepare a differential analysis, dated November 7 to determine whether Granite should lease (Alternative 1) or sell (Alternative 2) the machinery.
Answers
Answer and Explanation:
The preparation of the differential analysis is presented below:
Particulars Lease Machinery Sell Machinery Differential Effect on Income
Revenues $284,900 $275,700 $9,200
Costs $24,600 $13,785 $10,815
Income (Loss) $260,300 $261,915 -$1,615
It is better to sell the machinery as it has a loss of $1,615
examine the importance of relative
Prices
the
economy
Answers
Relative-price movements convey necessary info concerning the deficiency of specific merchandise and services. A rising relative worth indicates that demand is outstripping provide (or that offer is falling behind demand), whereas a falling relative worth denotes simply the other.
A company has the following unadjusted account balances at December 31, of the current year; Accounts Receivable of $185,700 and Allowance for Doubtful Accounts of $1,600 (credit balance). The company uses the aging of accounts receivable to estimate its bad debts. The following aging schedule reflects its accounts receivable at the current year-end:
Account Age Balance Estimated Uncollectible Percentage
Current (not yet due) $96,000 1.00%
1—30 days past due 64,000 2.50%
30—60 days past due 16,000 11.00%
61—90 days past due 6,500 37.00%
Over 90 days past due 3,200 70.00%
Total $185,700
Required:
a. Calculate the amount of the Allowance for Doubtful Accounts that should appear on the December 31, of the current year, balance sheet.
b. Prepare the adjusting journal entry to record bad debts expense for the current year .
Answers
Answer:
a. The amount of the Allowance for Doubtful Accounts that should appear on the December 31, Balance Sheet of the current year is:
= $8,965.
b. Adjusting Journal Entry:
Debit Bad Debts Expense $7,365
Credit Allowance for Doubtful Accounts $7,365
To record bad debts expense and bring the balance of the Allowance for Doubtful Accounts to a credit balance of $8,965.
Explanation:
a) Data and Calculations:
Accounts Receivable balance = $185,700
Allowance for Doubtful Accounts $1,600 (credit balance)
Aging Schedule:
Account Age Balance Estimated Uncollectible Amount
Percentage
Current (not yet due) $96,000 1.00% $960
1—30 days past due 64,000 2.50% 1,600
30—60 days past due 16,000 11.00% 1,760
61—90 days past due 6,500 37.00% 2,405
Over 90 days past due 3,200 70.00% 2,240
Total $185,700 $8,965
Bad Debts Expense:
Allowance for Uncollectible Accounts:
Beginning balance ($1,600)
Ending balance $8,965
Bad Debts expense = $7,365
The amount you pay for an insurance policy; can be paid monthly, quarterly, semi-annually, or annually.
Answers
Answer:
Premium
Explanation:
premium is the term used to describe payment made for insurance coverage. Premiums are paid by the policyholder to the insurance company. It is the insurance company that determines how much premiums the insured will be paying. Premiums are paid every end month, bi-weekly, monthly, or yearly as stated in the policy document. In other words, premium is the cost of insurance.
Strong _______ skills influence hiring decisions and job performance, while at the same time promoting good relations in your personal life.
Answers
The production of 0d submarines and 0a hospitals..
A) Increases the available resources
b) is productively efficient given the available resources
c) is productively impossible given the available resources
d) is productively ineffient given the available resources.
Answers
The production of 0d submarines and 0a hospitals is productively in effient given the available resources. The answer is OPTION D.
When a company isn't producing at its lowest possible cost per unit, it exhibits inefficient production. The average cost of production, or unit cost, is calculated by dividing all production costs by the quantity of units produced. An economy might produce a lot of boots with low manufacturing costs.
If they were all for the left foot, it would be allocatively inefficient because no one would profit from this. When a different resource allocation may boost output of any good by even one unit while maintaining the same level of other products, that resource allocation may be deemed inefficient.
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A $1,000 par bond with a semi-annual coupon and 12 years to maturity is currently priced $880 and has a yield to maturity of 5.37%. What is the bonds coupon rate
Answers
Answer:
Annual Coupon rate = 0.040005 or 4.0005% rounded off to 4.00%
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,
Coupon Payment (C) = C
Total periods (n) = 12 * 2 = 24
r or YTM = 0.0537 * 6/12 = 0.02685 or 2.685%%
The formula to calculate the price of the bonds today is attached.
We will first calculate the value of semi coupon payment made by the bond.
880 = C * [( 1 - (1+0.02685)^-24) / 0.02685] + 1000 / (1+0.02685)^24
880 = C * 17.52482779 + 529.4583737
880 - 529.4583737 = C * 17.52482779
350.5416263 / 17.52482779 = C
C = 20.0025718 rounded off to 20.00
The annual coupon payment will be = 20.0025718 * 2 = 40.00514361 rounded off to 40.01
Annual Coupon rate = 40.00514361 / 1000 = 0.040005 or 4.0005% rounded off to 4.00%
A firm operates in perfectly competitive market. The market price of its product is 6 birr and the cost function is given by 1/3Q3-5Q2+20Q+50, where TC is total cost and Q is the level of output. A. What level of output firm should the firm produce to maximize its profit? B. Determine the level of profit at equilibrium C. What a minimum price is required by the firm to stay in the market?
Answers
To maximize profit in a perfectly competitive market, the firm should produce at the output level where marginal cost (MC) equals the market price (P).
The total cost (TC) function is given as:
TC = 1/3Q^3 - 5Q^2 + 20Q + 50
To find the marginal cost, we need to take the derivative of the total cost function with respect to Q:
MC = dTC/dQ = Q^2 - 10Q + 20
A. To maximize profit, set MC equal to the market price (P) and solve for Q:
Q^2 - 10Q + 20 = 6
Q^2 - 10Q + 14 = 0
Solving this quadratic equation will give us the level of output (Q) that maximizes profit. Using the quadratic formula, we find:
Q ≈ 2.34 or Q ≈ 7.66
Since Q represents the level of output, it cannot be a fraction or negative value in this context. Therefore, the firm should produce approximately 7 units of output to maximize profit.
B. To determine the level of profit at equilibrium, we need to calculate total revenue (TR) and subtract total cost (TC) at the output level where MC = P.
TR = P * Q
TR = 6 * 7 = 42
Profit (π) = TR - TC
Profit (π) = 42 - TC
To calculate the specific level of profit, we need the total cost equation. Substituting the value of Q into the TC equation, we can find the total cost at equilibrium.
C. To determine the minimum price required by the firm to stay in the market, we need to consider the level of average variable cost (AVC). If the price falls below AVC, the firm would be better off shutting down in the short run.
AVC = TVC / Q
AVC = (TC - TFC) / Q
However, the total fixed cost (TFC) is not provided in the given information. Without the TFC value, we cannot determine the minimum price required to stay in the market.
Therefore, we can answer parts A and B, but we cannot determine the minimum price required to stay in the market without the total fixed cost (TFC) information.
what are the five economic lssues??
Answers
Answer:
Economic issues facing the world economy, as well as regions and countries, include prospects for growth, inflation, energy and the environment, inequality, labor issues, emerging markets, and the impact of new technologies.
importances of self management
Answers
Answer:
Self-management skills allow you to maximize your productivity, improve your workplace performance and efficiently achieve professional goals. Improving your self-management skills can help you increase your employability and better manage your career path.
Explanation:
I hope it help.
When a greenhouse plant grower sells plants to nursery retailers, the grower is selling _____products.
a.specialty
b. consumer
c.convenience
d. business
e.unsought
Answers
TheCorrect answer is Option D, When a greenhouse plant grower sells plants to nursery retailers, the grower is selling business products.
Retailers resell the plants, so they are considered a business product
What are Business products and Resellers in business?Business products are goods and services that businesses buy to run their operations or to manufacture their own goods. Business items are categorised differently than consumer goods because they are used rather than based on consumer purchasing patterns.
Business products and consumer products are the two main categories into which products in the business can be divided. A business product is one that a business sells to another business, according to the marketing definition. In order to be processed in some other way before being offered to consumers, these commercial products are frequently sold.consumer goods, on the other hand, are goods that are sold to the client and won't be processed further and sold again.What types of business Products are there?There are six different categories of
Major equipment,Accessory equipmentComponent parts, Processed material, SuppliesBusiness services.These goods serve various purposes and are of varying value to the company. Demands for these products will vary depending on the various industries.
Business marketing, often known as business-to-business marketing, is the marketing activity used to promote the sale of business products to other businesses. These are goods that are bought for purposes aside from individual consumption.Producers are companies that make purchases of business products, which can be either goods or services, with the intention of turning them into other products or combining them into other products. For instance, a car factory will buy tools and components for assembling cars.Resellers are companies that buy commercial goods with the intention of reselling them for a profit. The distinction between manufacturers and resellers is that the former buy finished goods to resale and do not alter the commercial goods they want to market. For instance, grocery stores will purchase goods from producers and sell it exactly as is.
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how do you find marginal revenue
Answers
by dividing the change in total revenue by the change in total output quantity
Cost and service trade off
1.Explain cost and service trade off in distribution.
Answers
If you were designing a recreational facility, describe how you would account for safety and risk management address strategies that you have observed in the facility that we have visit the semester
Answers
Designing a recreational facility requires careful consideration of safety and risk management to ensure the well-being of the visitors. By incorporating effective strategies, we can create an environment that promotes enjoyment while minimizing potential hazards.
One of the key strategies I observed during our visit to the facility this semester was the implementation of comprehensive safety protocols. These protocols included visible signage throughout the facility, clearly indicating safety guidelines and emergency procedures. By having such signage prominently displayed, visitors are constantly reminded of the safety measures in place.
Additionally, the facility had a well-trained staff that actively monitored and enforced safety rules. Staff members were easily identifiable through their uniforms or badges, and they were positioned strategically across the facility to provide assistance and respond to any safety concerns promptly.
Another important aspect I noticed was the presence of well-maintained equipment and facilities. Regular inspections and maintenance routines were visibly conducted to ensure that all equipment met safety standards. This proactive approach minimizes the risk of accidents caused by faulty equipment.
To further enhance safety, the facility provided proper training and orientation for visitors. This included mandatory safety briefings or orientations before engaging in activities that involved potential risks. By educating visitors about potential hazards and how to mitigate them, the facility promotes a culture of safety and risk awareness.
In conclusion, designing a recreational facility with safety and risk management in mind involves implementing comprehensive safety protocols, maintaining well-trained staff, ensuring the proper maintenance of equipment, and providing visitor education and orientation. By incorporating these strategies, we can create a recreational facility that prioritizes safety while offering an enjoyable experience for visitors.
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patrick is looking to open a checking account to use for groceries he should go to a
Answers
Patrick goes to any U.S bank branch for opening a checking account for the use of groceries with some documents required for opening a checking account.
What is a Checking Account?A checking account makes it simple to access your money for daily transactions while also assisting in keeping your money safe. It's a flexible account that gives you the freedom to handle your daily spending, including bill payments, purchases, and paycheck management.
As a result, Patrick needs to visit any branch of a U.S. bank with some documentation, such as his Social Security number and a current, government-issued photo ID, such as a driver's license or passport, to open a checking account to pay for groceries or other personal expenses.
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Write a 750-1,000 word paper that includes the following criteria: Describe the top three internal and top three external risks currently threating PHI data within your selected organization. Explain how risk assessments are conducted within the organization. Discuss who conducts these assessments and with what frequency. How do these assessments mitigate the risks you have identified
Answers
Answer:
as
Explanation:
ss
The type of listing agreement that provides for the payment of a commission to the broker even if the owner himself makes the sale without the aid of the broker is called a(n)
a.
open listing
b.
option listing
c.
exclusive-agency listing
d.
exclusive-right-to-sell listing
Answers
Claremore Industries uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finished 40,000 units during the period and had 15,000 units in progress at year-end, the latter at the 40% stage of completion. Total material costs amounted to $220,000; conversion costs were $414,000. The cost of the ending work in process is: Multiple Choice $54,000. $78,000. $114,000. $195,000. None of the answers is correct.
Answers
Answer:
$78,000
Explanation:
Calculation for The cost of the ending work in process
First step is to calculate the Material cost per unit.
Material cost per unit = $220,000 / (40,000+15,000)
Material cost per unit= $220,000 / 55,000
Material cost per unit= $4
Second step is to calculate the Conversion cost per unit
Conversion cost per unit= $414,000 / (40,000 + (15,000*40%)
Conversion cost per unit= $414000 / 46000
Conversion cost per unit= $9
Third step is to calculate total cost per equivalent unit
Total cost per equivalent unit= $4 + $9
Total cost per equivalent unit= $13
Fourth step is to calculate the equivalent unit of the ending work in process
Equivalent unit of the ending work in process= 15,000 × 40%
Equivalent unit of the ending work in process= 6,000
Now let calculate cost of the ending work in process
Cost of the ending work in process = 6,000 × $13
Cost of the ending work in process = $78,000
Therefore The cost of the ending work in process is $78,000
The first effort to apply scientific study to the management of business was when
Answers
Answer:
Explanation:
In 1911, Frederick Winslow Taylor published his work, The Principles of Scientific Management, in which he described how the application of the scientific method to the management of workers greatly could improve productivity.
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Question 8 of 10
Financial statements are prepared near the end of the accounting cycle.
Which of the following is true?
A. A balance sheet shows the total assets, liabilities, and owner's
equity at the end of the period
B. An income statement shows the total assetsliabilities, and
owner's equity at the end of the period.
C. An income statement shows the changes in stockholder's capital
for the period
D. A balance sheer shows the changes in stockholder's capital for the
period
SUSMIT
Answers
Answer:
A. A balance sheet shows the total assets, liabilities, and owner's
equity at the end of the period
Explanation:
As we know that
The income statement recognized only the income earned and expenses incurred of an organization
While on the other hand the balance sheet shows the financial position, profitability of the company. It involves assets, liabilities and stockholder equity
So according to the given options, the option A is correct
hence, the rest of the options would be incorrect
Answer:
A. A balance sheet shows the total assets, liabilities, and owner's
equity at the end of the period
Explanation:
a p exz
Which of the following is most likely to raise a significant ethical issue? (select one).
An Undergraduate is asking participants about their impressions of changes in book illustration.
An Undergraduate studying sociolinguistics wants to research the Polish community in Cambridge. She is interested in which parents use Polish to speak to their children and which English. The researcher mixes with Polish people to observe them, but does not let anyone know she understands Polish.
Analysing public spending patterns over a 5-year period using secondary research resources.
Answers
The most likely research topic to raise a significant ethical issue is option B. An undergraduate studying sociolinguistics who wants to research the Polish community in Cambridge. She is interested in which parents use Polish to speak to their children and which English. The researcher mixes with Polish people to observe them but does not let anyone know she understands Polish.
Research ethics are rules of conduct that govern the conduct of research. They are based on ethical principles that assist researchers in determining how to respond to ethical issues that arise in their work. Researchers must follow specific ethical guidelines in order to ensure that their work is conducted ethically and that any potential risks to participants are minimized. Researchers must take care to protect the rights and welfare of the participants in their research.
Ethical research requires that participants be provided with informed consent before they can be included in a research study. They must be informed about the nature of the research, its purpose, risks and benefits, and any other relevant information that might help them decide whether to participate. Researchers must also ensure that their research is conducted in a way that is respectful of the dignity and autonomy of participants. They must take steps to minimize any harm or discomfort that might be caused by their research.
In option B, the researcher mixed with Polish people to observe them but did not let anyone know she understood Polish. This is a violation of research ethics because it is deceptive and may cause harm to the participants. It is also a violation of their privacy and autonomy. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Which of the following is most likely to raise a significant ethical issue? (select one).
A. An Undergraduate is asking participants about their impressions of changes in book illustration.
B. An Undergraduate studying sociolinguistics wants to research the Polish community in Cambridge. She is interested in which parents use Polish to speak to their children and which English. The researcher mixes with Polish people to observe them but does not let anyone know she understands Polish.
C. Analyzing public spending patterns over a 5-year period using secondary research resources.
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The amount of goods and services consumers want is called?
Answers
Answer:
C. Demand
Explanation:
Have a nice day
The amount of goods and services that consumers want is called demand.
What is demand?Demand is an economic concept that refers to a consumer's desire to buy goods and services as well as their willingness to pay a certain price for them. When the price of a good or service rises, the quantity demanded falls. Similarly, lowering the price of a good or service raises the quantity demanded.
Demand is a concept that both consumers and businesses are familiar with because it makes sense and occurs naturally throughout almost any day. For example, shoppers who have their eye on a product will buy more if the price is low. When prices rise, such as when the seasons change, shoppers buy fewer items, or none at all.
Therefore, demand is the amount of goods and services consumers want.
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