The Convention and Visitors Bureau (CVB) plays a crucial role within the community by promoting and attracting visitors to the destination
supporting the local tourism industry, and boosting the overall economy
Here's an explanation of the CVB's role and its effect on the tourism industry:
1. Destination promotion: The CVB acts as the primary destination marketing organization, responsible for promoting the community and its attractions to potential visitors. They develop marketing campaigns, create promotional materials, and leverage various channels to attract tourists, including advertising, social media, trade shows, and partnerships. By effectively promoting the destination, the CVB helps generate awareness and interest among potential visitors.
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Technological process has reduced the cost of manufacturing MP3 players-what will happen if demand remains unchanged?
If the technological process reduces the cost of manufacturing MP3 players and demand remains unchanged, it is likely to result in lower prices, increased affordability, increased market competitiveness, and the potential for market expansion.
Lower prices: With reduced manufacturing costs, producers can afford to offer MP3 players at lower prices. This may lead to price reductions in the market, making MP3 players more affordable for consumers.
Increased affordability: Lower prices can make MP3 players more accessible to a broader range of consumers. This may attract new customers who were previously deterred by higher prices, leading to an increase in sales.
Increased market competitiveness: Lower manufacturing costs may encourage existing manufacturers to reduce their prices to stay competitive. This can create price competition among manufacturers, benefiting consumers who have more options and potentially driving innovation and product improvement.
Potential market expansion: The lower prices resulting from reduced manufacturing costs may stimulate demand for MP3 players. More consumers may be willing to purchase MP3 players at the lower price point, leading to increased sales and a potential expansion of the market.
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When it comes to buying clothes, teenagers often follow social norms; this is likely motivated by ________.
When it comes to buying clothes, teenagers often follow social norms; this is likely motivated by peer influence and personal preferences.
What are social norms?Generally, There are several factors that may influence teenagers' clothing choices, including social norms, peer influence, and personal preferences.
One of the main reasons that teenagers may follow social norms when it comes to clothing is to fit in with their peers and to be accepted by their social group.
This can be especially important during the teenage years, when individuals are striving to establish their identities and find their place in the world.
Additionally, teenagers may follow social norms related to clothing as a way to demonstrate their values, beliefs, and affiliations. In some cases, clothing can serve as a way for teenagers to express themselves and communicate their interests, personality, and values to others.
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A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. If the pre-split market cap was 1.71B, what would the post-split market cap be?
A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. the post-split market cap be 684 million
What is market cap?Generally, In a 2-for-5 reverse split, every 5 shares of stock are combined into 2 shares. This means that the number of outstanding shares of stock will be reduced by 2.5 times. If the pre-split market cap is 1.71B, the post-split market cap can be calculated by dividing the pre-split market cap by 2.5:
1.71B / 2.5 = 684 million
So, the post-split market cap would be approximately 684 million. Please note that this calculation is based on the assumption that the value of the company's stock remains the same after the reverse split. In practice, the value of the stock may change as a result of the reverse split.
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what are the six steps to be followed in the bank reconciliation process
Answer:
Here are the steps for completing a bank reconciliation:
Get bank records.
Gather your business records.
Find a place to start.
Go over your bank deposits and withdrawals.
Check the income and expenses in your books.
Adjust the bank statements.
Adjust the cash balance.
Compare the end balances.
Explanation:
Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answer:
Buying an expensive piece of machinery
Explanation:
the economy's aggregate supply curve includes: group of answer choices a classical range. a normal range. a keynesian or depression range. all of the above.
The aggregate supply curve includes all three ranges, which makes ""all of the above"" the correct answer.
The economy's aggregate supply curve represents the total quantity of goods and services that firms are willing and able to produce at different price levels. It is typically divided into three ranges: a classical range, a normal range, and a Keynesian or depression range.
The classical range assumes that wages and prices are flexible and that the economy is self-correcting in the long run. The normal range assumes that some prices and wages are sticky, causing short-run fluctuations in output and employment. The Keynesian or depression range assumes that the economy can get stuck in a low output and high unemployment equilibrium due to a lack of demand.The correct answer is: all of the above.
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When gathering information, which of the following tasks might you need to
perform?
A. Seek out ideas from others and share your own ideas
О
B. Fill out forms, follow procedures, and apply math and science
C. Apply standards, such as measures of quality, beauty, usefulness,
or ethics
D. Study objects, conduct tests, research written materials, and ask
questions
Answer:
The answer is D
Explanation:
To gather information you have to study objects and conduct tests on them to gather results.
PROBLEM: The Chicago Cubs play their home games at Wrigley Field, located in the Lakeview neighborhood of Chicago. A recent New York Times study concluded that the probability that a randomly selected Lakeview resident is a Cubs fan is 0.44.
(a) Interpret this probability as a long-run relative frequency.
Answer:
If a large Number of Lakeview residents are questioned, about 44% of them will be Club fans.
Explanation:
Reporting the probability outcome of a singular observation are usually reported as stated above, that the probability of a random sample of Lakeview resident being a club fan is 0.44%. However from a long run relative frequency approach, it requires just more Than one random sample but a large number of samples being evaluated over time.
Hence to expresa as a long run relative frequency, it could be stated as ; report gathered from many Lakeview residents, about 44% of them are Club fans.
Juan is interested in becoming a machinist, but he is worried about finding a job at manufacture. which of the following statements are most accurate to his response to his concerns
A. in our global economy, machinist jobs no longer exist
B. In our global economy, most available jobs will be in manufacturing, but service jobs exist too.
C. in our global economy, the only jobs available will be service jobs.
D. in our global economy, most job growth will be in services but manufacturing jobs will exist, too.
The most accurate statement for your response to Juan's concerns is that in our global economy, most of the job growth will be in services, but there will also be manufacturing jobs. Option D is correct.
How to identify trends in jobs?For this, it is necessary to carry out a structured analysis of trends in the local and global economy. Jobs will generally follow market trends.
We can say that there is an increase in jobs in services due to the fact that the industry is increasingly automated and this trend will continue to grow in the coming years.
Therefore, it is necessary for Juan to seek to qualify professionally and educationally to adapt to the new demands of the current job market.
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Sefu is writing a speech on why his school board is going to cut funding for the arts, and what members of the community can do to prevent cuts from happening. He is writing a ___________ speech.1. Comparative2. causal3.problem-solution4. topical
Answer:
C problem-solution
Explanation:
he's writing about the problem and how to make a solution
as a rule, the key indicators of industry attractiveness, for all the industries represented in a diversified company's business portfolio, should not be measured on such attractiveness factors as
As a rule, the key indicators of industry attractiveness for a diversified company's business portfolio should not be measured solely on factors such as personal biases, individual preferences or emotional responses.
Instead, they should be evaluated based on objective and quantifiable criteria such as market size, growth rate, competition intensity, profitability, customer needs and trends, regulatory environment, and technological advancements.
These factors help to determine the potential for growth and profitability of a particular industry within a diversified company's portfolio. Additionally, it is essential to consider the company's core competencies, resources, and strategic goals while evaluating the attractiveness of an industry.
By using these objective and measurable criteria, diversified companies can make informed decisions regarding their portfolio management and investment strategies, ensuring long-term success and profitability.
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Two teams of students are preparing for a debate in their economics class. Each team will argue for an economic goal. Dave's team will start by focusing on a goal shared by all market economies having to do with trying to keep the cost of goods and services from changing. What term should Dave use to introduce the first goal he will be discussing during the debate?
Dave should use the term "price stability" to introduce the first economic goal he will be discussing during the debate.
What is the price stability goal?Price stability is the state in which a country's currency maintains purchasing power by maintaining low and stable inflation over the medium term (three to five years), as measured by the Consumer Price Index. Price stability does not mean that prices will not change. This means that prices are rising at a moderate pace.
What is the goal of price stability?A stable price ensures that money retains its value and helps people and businesses better plan their spending and investments. This helps the economy grow, creating jobs and wealth.
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FILL IN THE BLANK. __ are relatively lightweight, amazingly strong, and built with prefabricated modules, all of which allows for quick and inexpensive construction.
Steel buildings are relatively lightweight, amazingly strong, and built with prefabricated modules, all of which allows for quick and inexpensive construction.
Steel buildings are durable, cost-effective, and sustainable, making them a popular choice for construction projects. Steel buildings are prefabricated structures that are assembled on-site, making them a quick and cost-effective way to construct a building. Steel buildings are designed to be energy-efficient, which can lead to cost savings in the long run.
These structures are highly durable and resistant to weather, fire, and pests.There are many types of steel buildings available, including commercial buildings, agricultural buildings, industrial buildings, and residential buildings. Each type of building is designed to meet specific needs and requirements. Steel buildings are customizable, making them an excellent choice for many different types of construction projects.
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What were the alternatives you considered at the time of choice? (Consumer Ed)
Why are firms willing to accept losses in the short run but not in the long run?.
The reason why firms are willing to accept losses in the short run but not in the long run is that E. There are sunk costs in the short run but not in the long run.
What are sunk cost?In economics and business decision-making, a sunk cost can be explained as the cost which has ben been incurred and as a result of this it ca not be recovered.
It should be noted that Sunk costs are contrasted with prospective costs, and may be avoided if action is taken, however the firms are willing to accept losses in the short run due to the fact that sunk costs are present in the short run .
Therefore, option E is correct.
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missing options
A. Firms cannot shut down in the short run.
B. Fixed costs are larger in the long run than in the short run.
C. Firms are price takers in the short run but not in the long run.
D. It is always profitable to incur losses in the short run because profits will always arise in the long run.
E. There are sunk costs in the short run but not in the long run.
true or false? increasing the price of tobacco products is the single most effective way to reduce consumption.
Price hikes on tobacco products are among the most fruitful and economical ways to reduce the demand for tobacco with the least amount of administrative work.
Increasing the cost of cigarette productsIncreasing the price of tobacco products is one of the most efficient and economical ways to reduce the demand for tobacco with the least amount of administrative work. One of the cornerstones of economics is the idea that demand declines as a good's price rises. The term "price elasticity" refers to how much demand declines in response to a price rise. Even when taking into account the extremely addictive nature of tobacco usage, this theory of price responsiveness can be applied to demand for tobacco goods.
According to several studies, a 10% price rise causes a 2.5% to 5% drop in cigarette usage. At a cost of 3 to 78 US dollars every disability-adjusted life year (DALY), it has been calculated that such a response to a 10% price rise might prevent 600 000 to 1.8 million premature deaths in eastern European and central Asian nations (16). These projections are based on smokers' short-term reactions to a price rise. Given that smoking is addictive, it is expected that the response will be stronger over time as the effects of addiction become more pervasive.
According to several studies, the demand for tobacco might be lowered twice as much over the long term as it is in the short term, but only if actual prices continuously rise to keep up with inflation. It should be noted that estimates of elasticity, or the reduction in demand as prices rise, primarily come from high-income nations, while estimates from lower- and middle-income nations imply even bigger reactions. There is a compelling case for governments to step in and raise tobacco taxes. Taxes make up between 65% and 80% of the cost of a pack of cigarettes in nations that have taken significant steps to reduce tobacco use, where consumption has decreased in response to price hikes.
Price hikes may contribute most effectively to the efficacy of comprehensive tobacco control programs when a portion of tobacco tax income is set aside for publicaly sponsored tobacco interventions.
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in international broadcasting, an operation established by one country to substitute for another's own domestic service is called
This type of broadcasting is especially common in authoritarian states, where the government wants to control the population's access to news and information.
By providing its own substitute, the government can filter out any news or information that it deems harmful to its interests.
Surrogate broadcasting is often used to promote government propaganda, disseminate false information, and limit the population’s access to alternative sources of news and information. For example, China has used surrogate broadcasting to spread its own version of events and cover up human rights abuses in Tibet. Russia has used surrogate broadcasting to spread its own version of events in Ukraine.
Surrogate broadcasting is a form of censorship and a tool of oppression. It has been used to silence independent media outlets and to restrict access to information that is contrary to the government’s agenda. It is also used to limit the public’s access to alternative sources of news and information. This type of broadcasting has a detrimental impact on the public’s ability to make informed decisions and to participate in meaningful dialogue.
Surrogate broadcasting has been criticized by international organizations and human rights groups.
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What are the eight differences between personal selling (direct contact) and non-personal selling (indirect contact, such as Internet sales)?
Answer:
internet banking facility
Hot dogs come in packs of 10, while buns come in packs of eight. What are the least numbers of packs you should buy in order to have the same numbers of hot dogs and buns?.
Answer:
5 times because you keep multiplying till they are the same
Answer:5
Explanation:
your welcome
You can edit contents of a cell by:
Changing font type, size
Adding a fill color
Adding borders
All of the above
Answer:
All of the above
Explanation:
I took the k12 test
Which technologies have made global communication instant and more effective? Choose three answers.
social media
wireless devices
smart phones
automobiles
printed newspapers
The technologies that made global communication instant and more effective were social media, wireless devices, and smart phones.
The speed of communication made possible by technological developments has increased the social and economic interaction between countries, making the development of globalization possible.
Through instant communication through means that use the internet, it is possible for people to communicate from anywhere in the world quickly and cheaply.
Therefore, the effects of new communication technologies made possible business in other countries and the formation of multicultural environments.
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Answer: a b c
Explanation:
just took the unit
Choosing to go to college over getting a job right out of high school is an example of a(n) _____.
fixed cost
opportunity cost
variable cost
none of the above
Shangri-RA Hotels are five-star luxury properties with premier city addresses across Asia Pacific, North America and Europe. Your firm has recently successfully bided the external auditor of Shangri-RA Hotels. Shangri-RA chief finance officer (CFO) has suggested that the opening session for the coming external audit is held at one of Shangri-RA Hotels. To get familiar with each other better, Shangri-RA Hotels offers free stay for each member of the audit team and free SPA service.
Required: Identify and explain the threats to your firm's independence and objectivity presented by the CFO's suggestion and state how your firm should respond.
The suggestion made by the CFO of Shangri-RA Hotels to hold the opening session of the external audit at one of their hotels and provide free stays and SPA services presents threats to the independence and objectivity of the auditing firm.
Firstly, accepting the free stay and services creates a self-interest threat. The auditors may feel obliged to reciprocate the generosity of Shangri-RA Hotels, potentially compromising their independence and objectivity in carrying out the audit. This could result in biased judgments or a reluctance to report any irregularities or issues that may be discovered during the audit.
Secondly, there is a familiarity threat posed by conducting the audit opening session at a Shangri-RA Hotel. The luxurious and favorable treatment received by the auditors could lead to a more favorable perception of the client, potentially impacting their ability to critically assess and evaluate the financial statements and internal controls.
To address these threats, the auditing firm should take appropriate measures to maintain their independence and objectivity. This can be achieved by declining the offer of free stays and services from Shangri-RA Hotels and suggesting alternative venues for the opening session that are neutral and unrelated to the client.
The firm should also ensure that auditors remain unbiased, exercise professional skepticism, and adhere to auditing standards and ethical guidelines throughout the engagement. Additionally, the firm should communicate clearly with Shangri-RA Hotels about the need to maintain independence and objectivity, emphasizing the importance of conducting a fair and unbiased audit for the benefit of all stakeholders involved.
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why does saturn have the coldest surface temp?
Answer:
distance from the Sun
Explanation:
because of Saturn's tilt, the southern and northern hemispheres are heated differently, causing seasonal temperature variation.
The market revolution brought an innovation in labor practices called ""piece work. "" what is the piece work system?.
Division of production into discrete steps performed by different workers is the piece work system.
Production is the technique of combining various material inputs and immaterial inputs if you want to make some thing for intake. it is the act of creating an output, an amazing or service which has fee and contributes to the utility of individuals
Manufacturing is the system of creating or manufacturing items and merchandise from uncooked materials or additives. In different words, manufacturing takes inputs and makes use of them to create an output which is healthy for consumption – a great or product which has price to an cease-user or client.
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Describe your motivation for becoming a licensed cosmetologist/manicurist.
please help
There are several facets to the beauty industry that may be explored, including hair, cosmetics, and fashion, and one of those facets is cosmetology.
It's pleasant and gratifying to be someone who helps other people look their best. A profession as a cosmetologist might be ideal for you if you take pleasure in doing manual labor and consider yourself to be someone who gets along well with others. This is further explained below.
What is a cosmetologist/manicurist.?Generally, Manicurists are certified cosmetologists who focus only on providing manicures. You may get a gel manicure or French tips thanks to their skill with design and application. Moreover, they are well-versed in the care and treatment of nails.
In conclusion, You don't need an obsession with hair, cosmetics, and fashion to succeed in the cosmetology industry. Helping others shine visually is a rewarding and entertaining activity. Become a cosmetologist if you are outgoing, creative, and love using your hands.
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If a sales rep earns $12 per hour plus $15 per unit sold, how much will he have earned after 20 hours and 15 units sold?.
20 hours and 15 sold products have resulted in earnings for 465.
12 x 20 is 240
15 x 15 is 225 225 +240 = 465
The act of trading things for money is referred to as "selling products". Several important measures must be taken in order for a firm to market its products:
sold products development is the process of developing new items or acquiring existing ones to satisfy consumer and market expectations. Processes related to quality control, production, design, and research are all involved.
Marketing and promotion: Companies use a variety of marketing approaches to spread the word about and spark interest in their goods. This might involve marketing initiatives such as social media campaigns, internet marketing, public relations, and earnings
Sales Process: During the sales process, potential clients are found, approached, and given information about the features, advantages, and value proposition of the products.
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Using the data for Project S and Project T below, conduct an Incremental IRR Analysis and select the correct answer. MARR is 10% per year. S T First Cost -50,000 -75,000 Annual Cost -9,300 -3,000 Salvage Value 5,000 8,000
Life 5 5
a. IRR is above 10% Choose S b. IRR is above 10% Choose T c. IRR is below 10% Choose S d. IRR is below 10% Choose T
Since the IRR is below the MARR of 10%, we choose option (d), which is to select Project T as the better investment option.
To conduct an Incremental IRR Analysis, we need to find the difference between the cash flows of the two projects. In this case, the difference in Annual Cost is ($9,300 - $3,000) = $6,300. Using this difference, we can construct the following cash flow table:
Year 0: -50,000 -75,000
Year 1: -9,300 -3,000
Year 2: -9,300 -3,000
Year 3: -9,300 -3,000
Year 4: -9,300 -3,000
Year 5: -4,300 5,000 + 8,000
Calculating the IRR of this cash flow table, we get:
IRR = 9.62%
Since the IRR is below the MARR of 10%, we choose option (d), which is to select Project T as the better investment option.
It is important to note that the IRR analysis only provides information on the relative attractiveness of the two projects and does not take into consideration other important factors such as risk, timing, and project size. Therefore, it is always recommended to conduct a thorough analysis before making any investment decisions.
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In which market would a producer sell bicycles to consumers?
In the markets for goods and services, a producer would sell his bike for purchase by customers.
What is the market for goods and services?Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.
The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.
The rule of supply and demand governs how much is produced and at what price in the market for products and services.
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Source: Tommy Stubbington and Ben Edwards, open double quoteU.K. to Repay First World War Bonds,close double quote Wall Street Journal, October 31, 2014. A few years ago the British government was considering retiring, or buying back from investors, some outstanding consols that had annual coupons of pound60. A consol is:
Answer:
Follows are the solution to this question:
Explanation:
Its console shall be coordinated effort mutual funds which do not grow at all, and in every year they create a corrected degree of interest, that's why Its bond paying a fixed rate of the coupon but not maturing.
\(\text{Consolation price} =\frac{\text{Set amount of coupon}}{\text{Return Rate}}\)
\(= \frac{35}{2.5\%} \\\\ = \frac{35\times 100}{2.5} \\\\ = \frac{35\times 1000}{25} \\\\ = \frac{7\times 1000}{5} \\\\ = 7\times 200 \\\\= 1400\)
It's the price that the government needs to offer shareholders.