Here are the answers to your questions:
If Marge pursues a limit-pricing strategy if the subsidy is in place, Barnacle's profits would be $11,250,000.If Marge convinces the government to eliminate the subsidy, Barnacle's profits would be $0.If the subsidy is eliminated and Barnacle continues to produce the monopoly level of output, the profit of a new entrant would be $11,250,000.Here are the calculations:Profits with subsidy and limit pricing:
The profit-maximizing quantity under limit pricing is found by setting marginal revenue equal to marginal cost.
The marginal revenue function is given by MR = 450 - 0.0006Q. The marginal cost function is given by MC = 280. Setting these equal to each other and solving for Q, we get Q = 75,000.
The profit-maximizing price is then found by substituting this quantity into the demand function. P = 450 - 0.0003(75,000) = 400.
The profit is then given by Profit = TR - TC = (P * Q) - C(Q) = (400 * 75,000) - (280 * 75,000) = $11,250,000.
Profits without subsidy:
If the subsidy is eliminated, Barnacle's fixed costs will be $7 million. The profit-maximizing quantity under monopoly is found by setting marginal revenue equal to marginal cost.
The marginal revenue function is the same as before, but the marginal cost function is now given by MC = 280 + 7 = 357.
Setting these equal to each other and solving for Q, we get Q = 28,571.
The profit-maximizing price is then found by substituting this quantity into the demand function. P = 450 - 0.0003(28,571) = 372.
The profit is then given by Profit = TR - TC = (P * Q) - C(Q) = (372 * 28,571) - (357 * 28,571) = $0.
Profit of new entrant:
If the subsidy is eliminated and Barnacle continues to produce the monopoly level of output, the new entrant will be able to produce at the same cost as Barnacle.
The profit-maximizing quantity for the new entrant is the same as for Barnacle, which is 75,000.
The profit-maximizing price for the new entrant is also the same as for Barnacle, which is 400.
The profit of the new entrant is then given by Profit = TR - TC = (P * Q) - C(Q) = (400 * 75,000) - (280 * 75,000) = $11,250,000.
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Perfectly competitive markets are economically efficient in the long run, partly because Select one: a. entry barriers enable such firms to invest in high-return capital projects. b. firms in these industries produce an output where the price is equal to the minimum average variable cost. c. the price consumers are willing to pay for the last unit just equals the cost of having to produce that additional unit. d. entry and exit guarantees a positive long-run profit above average total cost for each firm.
Answer:
C
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero. Also, firms produce at the minimum of the average total cost curve. price equal marginal cost and marginal revenue
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
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on november 1, alan company signed a 120-day, 12% note payable, with a face value of $19,800. what is the adjusting entry for the accrued interest at december 31 on the note? (use 360 days a year.) multiple choice debit interest expense, $396; credit interest payable, $396. debit interest payable, $792; credit interest expense, $792. debit interest payable, $528; credit interest expense, $528. no adjusting entry is required. debit interest expense, $264; credit interest payable, $264.
Receivable Note Debit Accrued Interest -$402.6
-$402.6 in Credit Interest Income
What is adjusting entry?Adjusting entries are modifications to previously written entries in your diary. They specifically ensure that the data you have recorded corresponds to the proper accounting periods.There are five categories for adjustments entries: Unearned revenue, expenses that have already been incurred, prepaid expenses, and depreciationCreation of the adjustment item on the note for Alan Company for the accrued interest as of December 31
Interest earned through December 31 will be as follows:
30 + 31 = 61 days
= (19,800 x 12% x 61 days) / 360 days
=$144936 ÷ 360 days
=$402.6
As a result, the adjusting entry for Alan Company will be:
Receivable Note Accrued Interest Debit: $402.6.
-$402.6 in Credit Interest Income .
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Which of the following does not fall into the field of marketing?
-restaurant management
-education
-e-commerce
-professional sales
Answer:
professional sales
Explanation:
sales
.As the baby boom ended, fewer families had young children, and as a consequence:
a. the quantity demanded of preschool services increased.
b. the supply curve of preschool services shifted rightward.
c. the quantity demanded of preschool services decreased.
d. the supply curve of preschool services shifted leftward.
e. the demand curve for preschool services shifted leftward.
As the baby boom ended, fewer families had young children, and as a consequence, the quantity demanded of preschool services decreased. This is because the number of young children in the population was decreasing, which meant that there were fewer families who needed preschool services.
The decrease in demand for preschool services could lead to a leftward shift in the supply curve of preschool services. This is because preschool providers may reduce their supply of services in response to the decrease in demand. However, it is also possible that the supply curve may not shift at all if providers continue to supply the same quantity of services despite the decrease in demand.
In conclusion, the decrease in young children as a result of the end of the baby boom has led to a decrease in the quantity demanded of preschool services. The supply curve of preschool services may shift leftward in response to the decrease in demand, but this is not guaranteed.
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The owner of a mansion with extensive landscaped grounds installed a life-size marble statue of his late mother affixed to a granite pedestal on the premises. The statue, a fixture, was specially commissioned by the owner from a well-known sculptor. Several years later, the owner entered into a contract to sell the mansion and its grounds. The contract made no mention of the statue. Prior to closing, the buyer learned that the owner planned to remove the statue before delivering the deed to the property. The buyer has objected, arguing that the statue must stay on the premises. Can the owner remove the statue
Answer:
I'm really not sure why the buyer would want to keep the statue of the seller's dead mother in the premise, it sounds creepy, but he/she entitled to do so. The statue is probably considered a fixture of the house, mansion or premise however you want to call it. When someone sells a property, he/she must include all the fixtures, e.g. doors, windows, pool. A fixture is something that is physically attached to the property.
If the seller plans to remove some fixture, e.g. an expensive lamp in the living room, he/she must state so before closing the deal and the buyer must accept it (generally it would be included in the contract).
What year does apple aim to achieve net zero carbon impact?.
Answer:
Apple aims to achieve a zero-carbon footprint by 2030
Explanation:
the principal of a mortgage loan is the
a. down payment minus the closing costs minus the purchase price
b. purchase price plus the closing costs minus the down payment
c. down payment plus the closing costs plus the down payment
d. purchase price minus the closing costs minus the down payment
The down payment less the closing charges less the purchase price is the mortgage loan's principle.
What does a mortgage look like in its simplest form?When you enter into a mortgage with a lender, you give the lender the right to seize the property if they are unable to make the loan amount back plus the interest. You might be able to get a mortgage loan that will enable you buy a new house using the worth of the an existing home as security.
Why do individuals use mortgages?Mortgage loans assist people in financing the purchase of real estate by taking a small portion of the property's overall worth as payment. How Do Mortgages Work A mortgage is a loan used to pay for the upkeep of a home, piece of land, or other kinds of rental properties.
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what is the most money you get in a job?
Answer:
it depends on the job but it is a Anesthesiologists
Answer:
I think being a rapper or being in the NBA OR NFL OR MLB
Explanation:
a property sold for $600,000 in michigan. what is the total transfer tax (state plus county) for this transaction?
The total transfer tax for a property sold for $600,000 in Wayne County, Michigan is $5,160.
To determine the total transfer tax for a property sold for $600,000 in Michigan, we must first determine the state transfer tax rate and the county transfer tax rate. In Michigan, the state transfer tax rate is $3.75 per $500 of the sale price, and the county transfer tax rate varies by county.
Given that a property sold for $600,000 in Michigan, we must determine the total transfer tax for this transaction.
The state transfer tax rate in Michigan is $3.75 per $500 of the sale price. To calculate the state transfer tax for a property sold for $600,000, we can use the following formula:
State Transfer Tax = (Sale Price ÷ $500) x $3.75
State Transfer Tax = ($600,000 ÷ $500) x $3.75
State Transfer Tax = 1,200 x $3.75
State Transfer Tax = $4,500
Therefore, the state transfer tax for this transaction is $4,500.
The county transfer tax rate in Michigan varies by county. For example, in Wayne County, the county transfer tax rate is $0.55 per $500 of the sale price. To calculate the county transfer tax for a property sold for $600,000 in Wayne County, we can use the following formula:
County Transfer Tax = (Sale Price ÷ $500) x County Transfer Tax Rate
County Transfer Tax = ($600,000 ÷ $500) x $0.55
County Transfer Tax = 1,200 x $0.55
County Transfer Tax = $660
Therefore, the county transfer tax for this transaction in Wayne County is $660.
To determine the total transfer tax for this transaction, we add the state transfer tax and county transfer tax:
Total Transfer Tax = State Transfer Tax + County Transfer Tax
Total Transfer Tax = $4,500 + $660
Total Transfer Tax = $5,160
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1. John Smith owner of a women's handbag store wanted to know how many bags he had to sell to cover his fixed costs in order to break even. John knew that his fixed costs including rent, insurance and electricity were about $35,000. He also had a unit variable cost of $35 per bag for labor, and materials. If the price John charges for each of his bags is $70, what is his break-even point quantity?
2. Given the mark up on sales price as 33 percent, what is the retailer's cost if the sales price is $ 65?
3. A rice cooker manufacturer had the following costs and expected sales: Variable costs = $30 per unit; total fixed costs = $785,000; expected unit sales of 60,000. If the manufacturer wants to earn a 40% markup on sales, the manufacturer's unit price is_____:
Formulas
Break Even Point = Total Fixed Cost/(Sales Price/unit - Variable Cost/unit)
Mark up based on Sales Price = (Unit Cost)/(1 - markup %)
Profit - (Total Revenue) - (Total Cost) where Total cost = [Total Fixed Cost + (Variable Cost/unit * # of units)
Total Revenue = Sales Price/unit * Quantity
1. John Smith owner of a women's handbag store wants to calculate the break-even point quantity.
The fixed costs of his store are $35,000, the unit variable cost is $35 per bag for labor, and materials, and the price John charges for each of his bags is $70.
Break Even Point = Total Fixed Cost/(Sales Price/unit - Variable Cost/unit)
Calculation:
Break Even Point = 35,000/(70 - 35)
Break Even Point = 10002.
2.Given the mark up on sales price as 33 percent, the sales price is $65. Now we have to find the retailer's cost.
Mark up based on Sales Price = (Unit Cost)/(1 - markup %)
Calculation:
Unit Cost = Sales Price / (1 + Markup%)
Unit Cost = 65 / (1 + 33/100)
Unit Cost = $48.87 (approx)
3. A rice cooker manufacturer had the following costs and expected sales:
Variable costs = $30 per unit; total fixed costs = $785,000; expected unit sales of 60,000. If the manufacturer wants to earn a 40% markup on sales, the manufacturer's unit price is _____:
Markup on sales price = Profit %Unit Cost = (Sales Price per unit) - (Markup % * Sales Price per unit)Unit Cost = (Sales Price per unit) - (Profit% * Sales Price per unit)
Calculation:
Total Cost = 785,000 + (30 * 60,000)Total Cost = $2,585,000
Total Revenue = Sales Price per unit * Quantity Sales Price per unit = (Total Cost/Quantity) + (Markup% * Total Cost/Quantity)
Sales Price per unit = (2,585,000/60,000) + (0.40 * 2,585,000/60,000)
Sales Price per unit = $73.08 (approx)
Therefore, the manufacturer's unit price is $73.08.
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6
A company that is located in the U.S. and sells its product to customers in Mexico is participating in what?
A. Demographics
B. News media
C. The global marketplace
D. Web marketing
Answer:
c
Explanation:
the global marketplace
Answer:
C
Explanation:
got it right on Edge
What are u guys thankful for
Answer:
God waking me up this morning also thx for asking how bout you
Explanation:
Generally, it is a sound business practice to take advantage of cash discounts. the money saved by paying invoices promptly is free to be used elsewhere. conversely, there is an implicit (opportunity) cost of foregoing a cash discount. by forgoing a cash discount, the small business owner is, in effect, paying an annual interest rate to retain the use of the discounted amount for the remainder of the credit period.
For example, assume that Jill anticipates she will receive invoices for $500 from the vendors offering cash discounts of 3/10, net 45.
a) how much will Jill save by paying within the discount period?
b) what will it cost Jill to retain the use of credit for 45 days?
c) what is the annual interest rate of the "loan" (ie. what is the annual rate of 3/10, net 45)?
Answer: a. $485
b. $15
c. 32.28%
Explanation:
a. how much will Jill save by paying within the discount period?
3% × $500 = 3/100 × $500 = 0.03 × $500 = $15
The amount saved will be:
= $500 - $15.
= $485
b) what will it cost Jill to retain the use of credit for 45 days?
This will be:
= 3% × $500
= 3/100 × $500
= 0.03 × $500
= $15
c) what is the annual interest rate of the "loan" (ie. what is the annual rate of 3/10, net 45)?
c) The annual interest will be calculated using:
= P x R x T
where,
I = interest = $15
P = principal = $485
R= rate of interest = Unknown
T= time factor = 15/365 = 0.0958
Then, annual Interest rate will be:
R = 15/ (485 x 0.0958)
R = 32.28%
Annual Interest rate is 32.28%
A 10-year corporate bond has a 6 percent coupon, a call premium of $60, and a first call date in year 4. Market interest rates are 6.5 percent and are expected to rise for an extended period. If you plan to hold the bond, which yield should you most consider before buying the bond
Answer:
YTC = 8.3%
Explanation:
you should calculate the yield to call (YTC)
YTC = {coupon + [(call value - market value)/n]} / [(call value + market value)/2]
but we first need to calculate the market value:
PV of face value = $1,000 / (1 + 6.5%)¹⁰ = $532.73
PV of coupons = $60 x 7.18883 (PV annuity factor, 6.5%, 10 periods) = $431.33
market price = $532.73 + $431.33 = $964.06
YTC = {60 + [(1,060 - 964.06)/4]} / [(1,060 + 964.06)/2] = 83.985 / 1,012.03 = 8.3%
25. Consider the following information from the books of Mr. Prince:
Loss for the year 20,000
₹
(1)
(2) Drawing made by Mr. Prince * 50,000
(3) Additional Capital introduced by Mr. Prince 1,00,000
(4) Capital at the end of the year ₹ 4,00,000.
Find the capital contributed by Mr. Prince at the beginning of the year.
A factory and its equipment, intellectual property like patents, or the financial assets of a company or a person are all examples of things that provide value or benefit to their owners and fall within the broad definition of capital.
What is Capital ?While money in and of itself could be considered capital, the term is more frequently used to refer to money that is being used for investments or productive purposes. In general, capital is an essential part of managing a firm day-to-day and funding its expansion in the future.
According to economists, whether a unit is a family, a small firm, a major corporation, or an entire economy, capital is essential to its operation.
Calculation of opening Capital
Closing Capital $400,000
(+) Drawing $ 50,000
(-) Additional Capital ($300,000)
Adjusted Capital 150,000
Opening Capital
Loss ($20,000)
Opening Capital $ 130,000
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what is one of the effects that the internet has had on bussiness?
true/false. a primary reason why marketing researchers investigate the personalities of consumers is to create opportunities to match the personalities of their brands with the dominant personality traits of consumers.
It is accurate what is said. Creating possibilities to align the personalities of their businesses with the prominent personality features of consumers is one of the main reasons marketing researchers look into the personalities of consumers.
Who is referred to as a consumer?A consumer is someone who buys a thing for personal use and then uses or consumes it. Although a consumer cannot resell the good, product, or service, they may use it to support themselves and their business. Consumer definition. The person who actually uses any goods or services is the consumer. Any individual or group who uses a good or service for the last time is referred to be a consumer. Here are some illustrations: a someone who pays a hairstylist to cut and style their hair. corporation that purchases a printer for business purposes.Although they might not have paid for it, consumers are always the ones who use a good or service in the end.To learn more about consumers, refer to:
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The statement "a primary reason why marketing researchers investigate the personalities of consumers is to create opportunities to match the personalities of their brands with the dominant personality traits of consumers" is true.
Marketing researchers investigate the personalities of consumers in order to identify their needs and preferences. They also explore their beliefs, attitudes, values, and lifestyles to understand their consumption behaviors, purchase decisions, and brand choices. In this way, they can create opportunities to match the personalities of their brands with the dominant personality traits of consumers.
They can design their marketing mix elements, such as product features, pricing strategies, promotion tactics, and distribution channels, to appeal to the specific needs and wants of different market segments. The goal of matching the brand personality with the consumer personality is to build a strong brand image, enhance customer loyalty, and increase brand equity.
By creating a unique and attractive brand personality that resonates with the target customers, marketers can differentiate their brands from competitors and create a sustainable competitive advantage. Marketing researchers investigate the personalities of consumers in order to identify their needs and preferences. They also explore their beliefs, attitudes, values, and lifestyles to understand their consumption behaviors, purchase decisions, and brand choices.
In this way, they can create opportunities to match the personalities of their brands with the dominant personality traits of consumers. The goal of matching the brand personality with the consumer personality is to build a strong brand image, enhance customer loyalty, and increase brand equity. By creating a unique and attractive brand personality that resonates with the target customers, marketers can differentiate their brands from competitors and create a sustainable competitive advantage.
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you are an administrative assistant in the purchasing department. Another administrative assistant is getting married in three weeks. Rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. you have not seen an official announcement, however, the assistant did tell you that she plans not to come back. What should you say to your two coworkers?
In this situation, You should tell your coworkers that you are unsure and that it is not yet official announced.
Co - workers.
Co workers refers a person with whom one works, typically someone in a similar role or at a similar level within an organization.
Given,
Here we have given that, you are an administrative assistant in the purchasing department. And another administrative assistant is getting married in three weeks. There is a rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. Now, you have not seen an official announcement, however, the assistant did tell you that she plans not to come back.
Here we need to find how you should handle this situation.
While we looking into the given question, we have identified the following,
There are 2 administrative assistant in your company.
One is you and another one is a girl and she get married in three weeks. And she also planned to resign after her marriage but this resignation is not officially confirmed.
So, in this situation, two of your peer interested for the position and asking you about the recruitment process.
Here you have to reply the co workers that the resignation is not conformed and if it is officially announced they you have the option to apply for that position.
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What are some well paying animal related jobs that don't require lots of school?
Answer:
groomer, kennel attendant, veterinary assistant, trainer, Animal Control worker.
Explanation:
these are all examples of high paying animal related jobs that do not require less of school, though depending on the facility, they may require schooling.
1. Jessica is going out of the office for a business trip. She would like her e-mail
account to automatically send out an "out of office" message when she receives
e-mails.
Answer:
that's nice, my teachers do that too on breaks
Explanation:
Do you think president Biden should give reparations?
Which statements accurately describe financing a purchase? Check all that apply.
A. It requires people to pay the price upfront.
B. It means people take on debt.
C. It allows for an immediate purchase.
D. It means people can buy without debt.
E. It requires that interest be paid.
F, It leads to lower prices paid.
Answer:
B, C, E.
Explanation:
all these statements accurately describe financing a purchase.
I'm here to confirm the AI and other persons answers are 100% correct!
albert read gem city's ad in the local newspaper advertising a one-quarter carat diamond ring for $89. albert rushed to the store to buy the ring, only to be told by the salesperson that the ad was a misprint and the price should have been $289. albert gave the salesperson $89 plus sales tax and demanded the ring. in this case: a. the ad is a firm offer by the merchant, and the ring must be sold for $89. b. albert is merely making an offer to gem city to buy the ring for $89 plus sales tax. c. the ad is a contract and the store must abide by terms stated in the contract.
While an advertisement may be seen as an invitation to make an offer, it is ultimately up to the merchant to accept or reject that offer. In this case, the salesperson informed Albert that the advertised price was a misprint and that the actual price for the one-quarter carat diamond ring was $289.
While Albert may have felt frustrated or misled by the situation, legally speaking, Gem City is not obligated to sell the ring for $89. However, it is possible that Gem City may choose to honor the advertised price as a gesture of goodwill towards their customer.Overall, it is important for consumers to read advertisements carefully and understand that they are not always guaranteed the price or deal advertised. It is also important for businesses to be transparent and honest in their advertising practices to avoid misleading their customers. In this case, the correct answer is B. Albert is merely making an offer to Gem City to buy the ring for $89 plus sales tax. The ad in the newspaper is not considered a firm offer or a contract. The salesperson has the right to inform Albert of the misprint and decline his offer at the incorrect price.In this scenario, it is important to note that an advertisement is not always considered a binding contract.
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A company sold equipment that originally cost $310,000 for $124,000 cash. The accumulated depreciation of the equipment was $186,000. The company should recognize a: _____gain or loss
The company should recognize neither a gain nor a loss on the sale of the equipment.
Let's calculate the gain or loss on the sale of the equipment.
The original cost of the equipment was $310,000, and the accumulated depreciation was $186,000. To find the net book value of the equipment, subtract the accumulated depreciation from the original cost:
Net Book Value = Original Cost - Accumulated Depreciation
Net Book Value = $310,000 - $186,000
Net Book Value = $124,000
The company sold the equipment for $124,000 cash, which is equal to the net book value of the equipment ($124,000).
Since the sale price is equal to the net book value, the company should recognize neither a gain nor a loss on the sale of the equipment.
Accumulated depreciation is the total amount of an asset's cost that has been allocated as depreciation expense since the asset was put into use.
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Please help me, I'm in a test. Which of the following is an example of an activity in the follow-up stage of personal selling?
A. Helping a prospect arrive at a purchase decision
B. Making it easy to reorder supplies
C. Treating a prospect's concerns as a natural part of the decision process
D. Trying to meet a prospect's conditions
Answer:
B Making it easy to reorder supplies
Explanation:
An example of the activity in the follow-up stage of personal selling is through making it easy to reorder the supplies. Thus option B is correct.
Waht is perosnal selling ?Personal selling is called as the face to face selling and includes the one person who is the salesman and tries to convince the customer to buy the product through his skills and abilities.
The aim of personal selling is to make a profit and to initiate a sale and there generate revenue.
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During the first year of operation, Year 1, McGinnis Appliance
recognized $370,000 of service revenue on account. At the end of
Year 1, the accounts receivable balance was $72,733. Even though
this is
During the first year of operation, Year 1, McGinnis Appliance recognized $370,000 of service revenue on account. At the end of Year 1, the accounts receivable balance was $72,733.
Even though this is a positive indication of sales and revenue generation, it is important to note that the accounts receivable balance represents the amount of revenue that is yet to be collected from customers.The accounts receivable balance of $72,733 indicates that there are still outstanding receivables from customers who have not yet made the full payment for the services provided.
It is crucial for the company to actively manage and collect these receivables to ensure timely cash flow and minimize the risk of bad debts.Proper accounts receivable management involves following up with customers, sending payment reminders, and taking appropriate actions to collect outstanding balances. By effectively managing accounts receivable, the company can improve its cash flow position and financial stability.
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if exports ______________, then the economy is said to have a trade surplus.
Answer:
If exports are greater than the imports, then the economy is said to have a trade surplus.
Which of the following statements about investing is FALSE?
Answer:
The answer is A
Explanation:
I did this question on an assignment a few days ago. But I don't know what way they are ordered, because there is no picture.
f. Medical profession is a very sensitive profession. Do you agree? Give
Answer:
Medical profession is very sensitive and intellectual where human life is at risk. A successful effort of a doctor can save a life. Due to that, a doctor is known as 2nd God. When he attempts a major and long surgery, his endurance, hard work and mental ability spotlight his character.
Answer:
I am sry if u can't understand the handwriting
Explanation:
long ans . <3
1
Select the correct answer.
Which risk is a sponsor assuming when buying the naming rights to a stadium or arena?
OA.
Nobody will notice.
OB. The team may not perform well:
OC. The fans of the team may not like the idea.
OD.
People will dismiss the action as pretentious.
Reset
Next
Answer:
The team may not perform well:
Explanation:
The biggest risk with naming rights is negative news concerning the team. The sponsor's brand name will be associated with the team; any negative team news will impact the brand name.
If a team performs poorly, some customers may associate the team's dismal performance with the brand name. Customers may shy away from the sponsor's products as they distance themselves from dismal performances.
Answer:B
Explanation:i just took the test...