By reading the scenario, please answer the questions very clearly and explain the answer
ADH Events is an event management company that is a local company. ADH Events is a full-service professional event planning c
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ADH Events is an event management company that is a local company. ADH Events is a full-service professional event planning company specialising in corporate events, dinners, weddings, fundraisers, long service awards, grand openings, conferences, and private events. The company relies on a network of suppliers, designers, venues, restaurants, transportation providers, and other required products and services. - When customers request to organise and manage the event, the request is sent through an electronic form. - When the manager receives the form, they request quotes from vendors, including the availability of venues according to the customer's needs, - ADH create order proposals that include all items and appropriate venue, then send them to the customer to approve or reject. These items include speakers, floor plan layout and décor planning, menu creation specific, entertainers, photographers, musicians, graphic designers, caterers, audio visual specialists, florists, rental companies and more. - Vendors receive purchase orders from ADH for materials and services when the customer approves the order proposal. - For payment processing, invoices are sent to ADH's accounts payable department, which receives, verifies, and processes approximately 150 invoices per month. The Assignment (10 pts): Diagram the existing Process: Using a diagramming tool (Visio, Lucidchart, PowerPoint) model the value chain and existing process. Use swim lanes to show process participants, tasks, and gateways. a. Scope and list of stakeholders of the company (1 pt) b. Value chain diagram (Level 1) (2 pts)

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Answer 1

ADH Events is a local event management company specializing in professional event planning. The process involves customer event requests, vendor quotes, order proposals, invoice processing, and stakeholder interactions.

a. The stakeholders of ADH Events include the company itself, customers who request event management services, managers who receive and process event requests, vendors who provide products and services, the accounts payable department responsible for invoice processing, and suppliers, designers, venues, restaurants, transportation providers, and other service providers in the network.

b. Value chain diagram (Level 1):

[Diagram]

The value chain diagram for ADH Events would include swim lanes to represent the different participants and tasks involved in the process. The diagram would show the flow of activities starting from customer event requests, which are sent through an electronic form. The manager then requests quotes from vendors, specifically checking the availability of venues. ADH creates order proposals that include various event items and the appropriate venue, which are sent to the customer for approval or rejection. Once the order proposal is approved, purchase orders are sent to vendors for materials and services. Invoices from vendors are received by the accounts payable department, which verifies and processes them for payment. This diagram visually represents the sequential steps and interactions among stakeholders in the event management process at ADH Events.

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Related Questions

what is meant by globalization? question 5 options: a) an economy in which most economic decisions are made by buyers and sellers, who may be individuals or firms. b) the trend in which buying and selling in markets have increasingly crossed national borders. c) the market in which households sell their labor as workers to businesses or other employers. d) a market in which firms are sellers of what they produce and households are buyers.

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Globalization is the trend of cross-border buying and selling, integrating economies and societies worldwide. Option B

Globalization refers to the process of increasing interconnectedness and integration of economies, societies, and cultures across the world. It is characterized by the growing flow of goods, services, capital, technology, and information across national boundaries.

Globalization has been facilitated by advancements in transportation, communication, and technology, which have made it easier for businesses and individuals to engage in cross-border transactions.

Globalization has led to the emergence of a global marketplace where goods and services are produced and consumed on a global scale.

It has expanded international trade and investment, allowing companies to access larger markets and tap into resources and labor from different countries. Global supply chains have become more complex, with components and production processes taking place in multiple countries.

Furthermore, globalization has facilitated the exchange of ideas, knowledge, and cultural influences among different nations. It has led to increased cultural diversity and the spread of information and communication technologies, enabling people to connect and interact across borders.

In summary, globalization is the trend of increasing economic, social, and cultural interconnectedness among nations, characterized by the cross-border flow of goods, services, capital, and information. So OptioN B is correct.

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(c) This question was asked in a questionnaire, "Did you stop smoking?" What is the problem with the question and how can the question be rephrased. (15 marks)

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The problem with the "Have you quit smoking?" question is that it assumes that the respondent has a binary choice, either to quit smoking or to quit smoking. 'What is your current smoking status?' the question be rephrased .

This open-ended question asks respondents whether they have quit smoking completely, reduced their smoking, or received other relevant information about their smoking habits. I can give you a comprehensive answer.

However, other possible scenarios, such as respondents reducing their smoking habits or temporarily quitting smoking, were not considered. "Have there been any recent changes in your smoking habits?

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Which type of business does not hold owners accountable for the debts of
the business?
OA. Sole proprietorship
OB. LLC
OC. Partnership
A
OD. Private company

Answers

Answer:

Limited Liability Company (LLC)

Explanation:

A limited Liability Company (LLC) is a business structure in the United States that protects its owners from the personal responsibility for its repayment of debts and liabilities. It is a hybrid entity that has the characteristics of a corporation, partnership and sole proprietorship. The regulation of LLC's varies from one state to another. An entity or individual can be a member of an LLC with notable exceptions from banks and insurance companies. The primary reason for registering a business under LLC is to limit the personal liability of the owners as well as the partners. LLC may have some attractive features but they also possess some great disadvantages as well. Depending upon the state law, an LLC may be dissolved upon the death or bankruptcy of a member.


You are part of a sales group that has been asked to give a presentation
Before you begin, what should you and your group do?
O A. Buy the best software on the market.
B. Ask if you have to give a slide presentation.
O C. Figure out who is the best public speaker.
O D. Look into file-sharing options so that everyone can work on the
same file at the same time.

Answers

Answer:

D. Look into file-sharing options so that everyone can work on the same file at the same time.

Luxury goods are acceptable, even desirable and worthy, say Emerson's so long as consumers de this: A. Pay for them in cash, and do no use credit--debt is bad for us B. Animate them---execute a design for improvement C. Produce them only-for those who want them, but the best people don't waste their time with them D. Consume them in moderation---he is an Aristotelian and believes everything should be in moderation E. Emerson is actually opposed to luxury goods-he and Thoreau were friends and he viewed consumerism with suspicion, as did Thoreau.

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Emerson, who was acquainted with Thoreau and shared his distrust of materialism, is truly against luxury goods.

A luxury good is one for which demand rises when income rises more than it should, increasing the proportion of total spending that is spent on the good. The desire for luxury goods, often known as superior goods, is directly and exponentially correlated with consumer affluence. In other words, as consumer income rises, they buy more of these things, and the opposite is also true. Because their demand is highly income elastic, luxury goods are dependent on shifts in consumer income. Thus, there is a clear correlation between the amount of consumer income and changes in the demand for these goods. Customers will react to changes in their income more strongly the more flexible the demand is. At different price points, an LG may qualify as a typical good.

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financial market participants who provide funds are called a. deficit units. b. surplus units. c. primary units. d. secondary units

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The financial market participants who provide funds are called surplus units.

Surplus units are individuals or entities that have more money than they need to fulfill their spending requirements and are willing to lend or invest their excess funds. They supply funds to the financial markets through financial instruments such as stocks, bonds, and other securities. Examples of surplus units include households, corporations, and governments that have excess funds available to invest. These participants often seek a return on their investments and are important for the functioning of financial markets. Total surplus is a term used to evaluate economic welfare. The addition of the consumer surplus and producer surplus gives the Total surplus.

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If you see the letters "wh” on your paycheck, what do they stand for?

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Withdraw I think.......
I’m pretty sure it means Withdraw

Unrealized holding gains or losses which are recognized in income are from debt securities classified as

Answers

Answer:

Trading.

Explanation:

In Business management, when a gain or loss is realized, it simply means that the owner of stock or other securities has sold it. Thus, these unrealized gains or losses are generally referred to as paper profits or losses.

Basically, when the value of a stock being bought by an investor reduces (falls) while he or she is yet to sell it, it is known as an unrealized loss.

However, when the value of a stock being bought by an investor rises (increases) while he or she is yet to sell it, it is known as an unrealized gains.

Hence, unrealized holding gains or losses which are recognized in income are from debt securities classified as trading.

who’s responsible for ensuring that all transactional paperwork is fully executed, delivered, and returned to the brokerage firm?

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The responsibility lies with the parties involved in the transaction. responsible for ensuring that all transactional paperwork

Ensuring that all transactional paperwork is fully executed, delivered, and returned to the brokerage firm is a shared responsibility between the parties involved in the transaction. This typically includes the buyer, seller, and their respective agents or attorneys. Each party is responsible for reviewing, signing, and returning any necessary paperwork in a timely manner to complete the transaction. The brokerage firm may play a role in facilitating the exchange of paperwork and ensuring its completeness, but the ultimate responsibility for executing and returning the paperwork lies with the parties involved in the transaction. Failure to properly execute and return all necessary paperwork can result in delays or even the cancellation of the transaction.

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Why do you think a higher percentage of those over 35 years old invest in the market compared to those under 35? Help please!

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Answer:

Yes I think those over 35 invest in a market compared to people not 35, because they been though school, and have more experience in the market company.

Explanation:

disadvantages of creative thinking in a workplace​

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Answer:

This article will dive into what creative thinking is, types of creative thinking, and the benefits of thinking creatively in the workplace. As it happens, it is not the experience of failure that holds you back. There are six major obstacles to creative thinking that could be preventing you from learning how to improve your problem solving skills for business success. Creative thinking and creative thinkers are needed in those situations because it pushes out of that linear way of thinking. To think creatively, set aside any assumptions or biases you may have, and look at things in a completely new way. You don't have to be an artist for your work to have an artistic element. In homeostasis, there seems to be an irresistible unconscious pressure that brings you back to doing what you have always done. This requires the ability to examine things carefully to know what they mean. Thinking The following transcript is based on material in Skills for Success: The Personal Development Handbook, by Stella Cottrell. asked Feb 22, 2018 in Grade 12 by Admin Master (890k points) grade-12; ... discuss the disadvantages of creative thinking. Advantages Of Creative Thinking. Being rational means that we continually use our minds to explain the world to ourselves, so we can understand it better and feel more secure. Here are some of the types of creative thinking you might see in the workplace.

Goods that are typically expensive and consumed over long periods of time are known as _____.
a. durable goods
b. perishable goods
c. virtual goods
d. nondurable goods
e. degradable good

Answers

Goods that are typically expensive and consumed over long periods of time are known as Durable goods. Thus the correct answer is A.

What are goods?

Goods are referred to as items that are used to satisfy the desires of customers. These are used as a possession to a complete product in the form of raw materials to finished products. These goods are purchased by the Buyer.

Durable goods are referred to as goods that expensive in cost and consumed over long periods of time. Their expected lifetime is more than 3 years which makes them durable.

Therefore, option A is appropriate.

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which is a way to increase your net worth

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Ways to increase your net worth are

Contribute more money to your retirement fund.Reduce your spending.It's time to get rid of high-interest loans.Make a contingency fund. This is further explained below.

What is net worth?

Generally, taking into consideration all financial assets and obligations of a person/company/household.

In conclusion, Consolidate or renegotiate your debts.

Keep your vehicles for as long as you can.

Boost your wages

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Keating Co. is considering disposing of equipment with a cost of $69,000 and accumulated depreciation of $48,300. Keating Co. can sell the equipment through a broker for $29,000, less a 8% broker commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $48,000. Keating will incur repair, insurance, and property tax expenses estimated at $12,000 over the five-year period. At lease-end, the equipment is expected to have no residual value. The net differential income from the lease alternative is Oa. $11,184 Ob. $13,980 Oc. $9,320 Od. $6,524

Answers

The net differential income from the lease alternative is $9,320. The correct option is c).

The net differential income is calculated by comparing the cash flows from the two alternatives: selling the equipment or leasing it.

If Keating Co. sells the equipment through a broker, the selling price would be $29,000, but they need to deduct an 8% broker commission, which amounts to $2,320 (8% of $29,000). Therefore, the net cash flow from selling would be $26,680 ($29,000 - $2,320).

On the other hand, if Keating Co. leases the equipment to Gunner Co., they will receive a total lease payment of $48,000 over the five-year period. However, they need to consider the expenses incurred during the lease period, which amount to $12,000.

The net differential income is calculated by subtracting the expenses from the lease payment: $48,000 - $12,000 = $36,000.

Finally, we compare the net cash flow from selling ($26,680) with the net cash flow from leasing ($36,000). The net differential income is the difference between the two alternatives: $36,000 - $26,680 = $9,320.

Therefore, the net differential income from the lease alternative is $9,320. The correct option is c).

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1. As a result of improved economic data, analysts predict that the interest rates are not going to change immediately but that their future volatility will decrease. The day after the analysts’ prediction, you observe the term structure to maturity remains unchanged. Assume that the analysts are right in their prediction.
What is the expected change in the price of a corporate callable bond if no other changes occur in the market?
a. The price of a callable bond will remain the same
b. Cannot be determined from the information given
c. The price of a callable bond will increase
d. The price of a callable bond can increase or decrease or remain the same
e. The price of a callable bond will decrease
2. Between coupon payment dates, as short-term interest rates fall, the value of a floating-rate note (FRN):
a. Increases
b. Doesn’t change
c. May increase or decrease depending on the maturity date
d. Decreases
e. None of the other answers is correct

Answers

If no other changes occur in the market the expected change in the price of a corporate callable bond will increase. Between coupon payment dates, as short-term interest rates fall, the value of a floating-rate note (FRN) may increase or decrease depending on the maturity date.

1. When interest rates are expected to remain stable or decrease, the value of callable bonds typically increases. This is because when interest rates are expected to decline, the likelihood of the bond being called by the issuer decreases. As a result, the bondholder has the potential to receive future interest payments for a longer period of time, which increases the bond's value.

Since the analysts predict that interest rates will not change immediately and their future volatility will decrease, the expectation is that callable bonds will become less likely to be called. Therefore, the price of a callable bond is expected to increase.

2. Floating-rate notes have coupon payments that are periodically reset based on a reference interest rate (such as LIBOR) plus a spread. The value of an FRN is influenced by changes in the reference interest rate. When short-term interest rates fall, the coupon payments on the FRN are typically adjusted downward, which can potentially decrease the value of the FRN.

However, the impact of falling interest rates on the FRN's value also depends on the maturity date of the note. If the maturity date is relatively short, the impact of falling rates may be limited, and the FRN's value may not change significantly. On the other hand, if the maturity date is longer, the FRN's value may be more sensitive to interest rate changes, and it could increase or decrease. Therefore, the value of a floating-rate note may increase or decrease depending on the maturity date and the extent of the decrease in short-term interest rates.

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analyse the impact of an enterprise using break even analysis to make business decisions

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Answer:

Using break-even analysis in your feed and grain business can help you understand and examine the profit drivers of your business. It is a very useful tool that can help you understand how much you need to sell to cover your costs and how pricing, cost, and volume changes impact these needed sales.

How has information technology impacted the economy?.

Answers

The information technology creates the major growth, better economic policy in the economy

The term Information technology simply said that IT is the creation, process, storage, security, and sharing of all types of electronic data using computers, collection, connectivity, and various physical devices, infrastructure, and procedures.

Here we need to find the impact created by information technology on economy.

Here we have listed down the impacts as follows:

This one has allowed economists to better predict how resources should be allocated.

And this will also assisted governments to make better economic policy decisions.

Finally it helps in the expanded growth and outlook in information technology careers.

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What two factors influence an economic school of thought?(1 point)

Answers

Answer:

Free-market, or laissez-faire, economics and Keynesian theory.

Explanation:

The economic school of thought can largely be influenced by prevailing societal values and the historical context in which the theory is developed.

There are many factors that might influence an economic school of thought, but the two key elements are often prevailing societal values and historical context. Prevailing societal values can drastically influence an economic philosophy.

Furthermore, the historical context in which an economic thought emerges is crucial. Economists develop their theories in response to the economic challenges and realities of their time. The Great Depression deeply influenced Keynesian economics, and the stagflation of the 1970s prompted a shift towards monetarism.

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In a corporation, the________ is the group of people elected to oversee the firm’s activities and ensure that management acts in the shareholders’ best interests.

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Every cooperation is usually guided by a set of individual the board of directors is the group of people elected to oversee the firm’s activities and ensure that management acts in the shareholders’ best interests.

Who are board of directors?

They are individuals that are elected by the shareholders of a company usually to govern and oversee the affairs of the cooperation.

They make decisions on behalf of the stakeholders.

Therefore, board of directors is the group of people elected to oversee the firm’s activities and ensure that management acts in the shareholders.

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The Engel Curve for a good is derived by which of the following? Tracing the optimal allocation as the good's price changes Tracing the optimal allocation as income changes Tracing the optimal allocation as either income or price changes Any of the above None of the above

Answers

The Engel Curve for a good is derived by tracing the optimal allocation as income changes.

The Engel Curve shows the relationship between the quantity of a good consumed and the level of income. It illustrates how the demand for a particular good varies with changes in income while holding other factors constant, such as prices.

By tracing the optimal allocation of the good as income changes, economists can observe how individuals adjust their consumption patterns in response to changes in their income levels. As income increases, individuals may choose to allocate more of their budget towards certain goods, resulting in an upward shift in the Engel Curve. Conversely, as income decreases, individuals may allocate less of their budget towards certain goods, leading to a downward shift in the Engel Curve.

The Engel Curve provides insights into the income elasticity of demand for a good and helps economists understand how changes in income affect consumer behavior and consumption patterns. By examining the relationship between income and the quantity consumed, economists can gain valuable insights into consumer preferences and the income sensitivity of different goods

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explain why political instability results in lower levels of economic growth.

Answers

Political instability is likely to shorten policymakers' horizons leading to sub- optimal short term macroeconomic policies. It may also lead to a more frequent switch of policies, creating volatility and thus, negatively affecting macroeconomic performance.

7. The idea that business demand comes from a demand for consumer goods is referred to as

Answers

The answer would be: derived demand

what level are inputs for estimating fair values are based on inputs that are readily available via prices for identical assets or liabilities in actively traded markets such as securities exchanges?

Answers

The level you are referring to is Level 1 inputs.  In the context of estimating fair values, the Financial Accounting Standards Board (FASB) developed a fair value hierarchy known as the three-level hierarchy.

This hierarchy categorizes inputs used in valuation techniques into three levels based on their reliability and availability.

Level 1 inputs are considered the most reliable and are based on quoted prices for identical assets or liabilities in active markets. These inputs are readily observable and can be directly obtained from reliable sources, such as securities exchanges. Level 1 inputs provide the highest degree of transparency and objectivity in fair value measurements.

Examples of Level 1 inputs include publicly traded stocks, bonds, and other financial instruments that have readily available market prices. The prices of these assets or liabilities can be easily obtained from exchanges or other reliable pricing sources.

It's important to note that Level 1 inputs are considered the most reliable because they are based on actual market transactions and reflect current market prices.

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If the natural rate of unemployment was 5 percent, the current unemployment rate was 6 percent, and potential GDP was $4,000 billion, then according to Okun's law the economy would have sacrificed

Answers

Answer:

$80 billion

Explanation:

Okun law equation: GDP gap = Actual GDP * ((Unemployment rate - Natural rate)/100)*2)

GDP gap = $4,000 * ((6-5)/100*2)

GDP gap = $4,000 * 0.02

GDP gap = $80 billion

Therefore, $80 billion in an output level thus, would be what the economy would have sacrificed.

How does the dynamic CCE estimator solve the estimation problems
of the PMG technique?

Answers

The dynamic CCE estimator improves upon the PMG technique by accounting for the Common Correlated Effects problem, leading to more accurate and robust estimation of dynamic panel models.

A statistical approach that addresses the estimation issues associated with the Pooled Mean Group (PMG) method is the dynamic Common Correlated Effects (CCE) estimator. In panel data analysis, the PMG method is frequently used to estimate the parameters of dynamic panel models.

The Common Correlated Effects (CCE) problem is the assumption that the individual effects and time-specific effects are uncorrelated that the PMG method makes. This supposition can prompt one-sided and conflicting assessments, especially within the sight of endogeneity and heterogeneity.

By allowing for correlation between the individual effects and the time-specific effects, the dynamic CCE estimator resolves this issue. This is done by adding correlation-capturing additional variables to the PMG model, such as instrumental or lagged dependent variables.

By consolidating these extra factors, the unique CCE assessor gives steady and productive evaluations of the model boundaries, even within the sight of connection between's the individual and time impacts. In panel data analysis, it provides trustworthy results and addresses the issues of endogeneity and heterogeneity.

By taking into account the Common Correlated Effects problem, the dynamic CCE estimator boosts the PMG method's overall accuracy and robustness when estimating dynamic panel models.

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When cash from operating activities is presented using the indirect method, net income must be adjusted for increases and decreases in balance sheet accounts that relate to

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The name which is given to the process where cash from operating activities is presented using the indirect method and the net income must be balanced is:

Indirect Cash Flow Method

According to  the given question, we are asked to state the  name which is given to the process where cash from operating activities is presented using the indirect method and the net income must be balanced.

As a result of this, we can see that this is called Indirect Cash Flow Method because here, the cash flow can be deduced by checking and making some calculations on the net income from the transactions which were not done in cash.

Therefore, the correct answer is Indirect Cash Flow Method

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Indicate how each of the following transactions affects US exports, imports, and net exports.

Transaction
Effect On...

U.S. Exports U.S. Imports U.S. Net Exports
A British scholar spends a year at Harvard University as a visiting scholar.
Your parents go on a trip to Japan in late March for the Cherry Blossom season.
A Canadian buys a new Ford.
The student bookstore at Yale University sells books published by Cambridge University Press.
A European family goes to Disney World in Florida for vacation.

Choice for the table are: increase, decrease, or unchanged

Answers

Answer: See explanation

Explanation:

Exports are the goods and the services that a particular country produces and sells to other countries.

Imports are the goods produced in other countries and sold to ones country.

Net export is the difference between the export an import. An increase in export leads to a rise in the net export.

Based on the above explanation, the answer to the question will be:

1. A British scholar spends a year at Harvard University as a visiting scholar.

US exports - Increase

Imports - Unchanged

Net exports - Increase

2. Your parents go on a trip to Japan in late March for the Cherry Blossom season.

US exports - Unchanged

Imports - Increase

Net exports - Decrease

3. A Canadian buys a new Ford.

US exports - Increase

Imports - Unhanged

Net exports - Increase

4. The student bookstore at Yale University sells books published by Cambridge University Press.

US exports - Unchanged

Imports - Increase

Net exports - Decrease

5. A European family goes to Disney World in Florida for vacation.

US exports - Increase

Imports - Unhanged

Net exports - Increase

Personnel tests are designed to test a job applicant's cognitive and/or physical abilities. A particular dexterity test is administered nationwide by a private testing service. It is known that for all tes administered last year, the distribution of scores was approximately normal with mean 73 and standard deviation 7.9. a. A particular employer requires job candidates to score at least 79 on the dexterity test. Approximately what percentage of the test scores during the past year exceeded 79 ? b. The testing service reported to a particular employer that one of its job candidate's scores fell at the 90 th percentile of the distribution (i.e., approximately 90% of the scores were lower than the candidate's, and only 10% were higher). What was the candidate's score? Click here to view a table of areas under the standardized normal curve. a. Approximately \% of the test scores during the past year exceeded 79. (Round to one decimal place as needed.)

Answers

The candidate's score is 83.012. It is known that for all test administered last year, the distribution of scores was approximately normal with mean 73 and standard deviation 7.9.

Given that Personnel tests are designed to test a job applicant's cognitive and/or physical abilities. A particular dexterity test is administered nationwide by a private testing service.

Mean, μ = 73

Standard deviation, σ = 7.9

The z-score for 79 is given as:

$$z = \frac{X-μ}{σ}

=\frac{79-73}{7.9}

=0.76$$

We need to find the area under the curve to the right of this score. Using standard normal distribution tables, we can find the area to be 0.2236.

Approximately 22.4% of the test scores during the past year exceeded 79. (Round to one decimal place as needed.)

Therefore, the correct option is (b) The testing service reported to a particular employer that one of its job candidate's scores fell at the 90th percentile of the distribution (i.e., approximately 90% of the scores were lower than the candidate's, and only 10% were higher).

We know that z90 = 1.28

This implies that the score x at the 90th percentile is given by:

$$1.28=\frac{x-μ}{σ}$$

Solving for x, we have:

$$x=μ+1.28σ

=73+1.28(7.9)

=83.012$$

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Look at the equation framework.

3 empty boxes show the parts of an equation. The first box = the second box minus the third box.
Which of the following lists the proper placement of terms, from left to right, to complete the equation?

revenue, profit, opportunity cost
profit, revenue, production cost
production cost, profit, revenue
opportunity cost, revenue, profit

Answers

Answer:

profit, revenue, production cost

Explanation:

Profit is the rewards or gains realized for engaging in business activities. A business is profitable when revenue is more than the expenses.

Revenue is the income generated from the normal business activities of selling goods and services.

Production costs are the expenses incurred in making goods meant for sale.

Answer:

B

or

profit, revenue, production cost

Explanation:

How much is a standard tip?
•10-15 percent
•15-20 percent
•20-25 percent
•25-30 percent

Answers

Answer: B) 15-20 percent
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