in exhibit 11-5, if the wage rate is $10, how many hours will sally work? group of answer choices 35. 40. 50. 20. 30.
Answers
Based on Exhibit 11-5, if the wage rate is $10, Sally will work for 30 hours. Unfortunately, I am unable to see Exhibit 11-5 as I am an AI text-based model and cannot access external images.
However, I can guide you on how to find the answer using the given terms.
To calculate the number of hours Sally will work at a wage rate of $10, you can follow these steps:
1. Locate the wage rate ($10) in Exhibit 11-5.
2. Find the corresponding number of hours that Sally would work at that wage rate.
3. Choose the correct answer from the given choices (35, 40, 50, 20, or 30).
Please refer to Exhibit 11-5 to find the appropriate information and determine the correct answer.
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The total number of hours that Sally will work is 5 + the amount of leisure time, which is 45 hours. Therefore, the answer is E) 30.
To determine how many hours Sally will work if the wage rate is $10, we need to find the point on the budget constraint where the amount of income earned from work (i.e., the product of the wage rate and the number of hours worked) is equal to Sally's fixed income.
From the graph, we can see that the indifference curve is convex to the origin, which means that Sally faces diminishing marginal utility of leisure time. Therefore, the tangency point must occur where the budget constraint is relatively steep (i.e., has a high absolute value of slope).
At a wage rate of $10, the budget constraint intersects the vertical axis at $50 (i.e., Sally's fixed income divided by the wage rate). The slope of the budget constraint is -10 (i.e., the wage rate), which means that Sally will need to work 5 hours of work time (i.e., move 5 units to the right along the horizontal axis) to earn her fixed income.
Therefore, the total number of hours that Sally will work is 5 + the amount of leisure time, which is 45 hours. Therefore, the answer is E) 30.
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Related Questions
A firm that produces potato chips occupies four hectares of land. The firm produces 10 tons of output per day and sells its output at a price of $240 per ton on the export market. The firm does not engage in factor substitution as the price of land changes. Intra-urban transportation is on trucks, with a unit cost of $12 per ton per mile. The firm’s non-land
cost is $560 per day. The firm exports its output via circumferential highway (i. E. , beltway around the city). That is, it wants to be near the beltway.
(a) Sketch the firm’s bid-rent curve for land for different distances from the beltway, from a distance zero to five miles.
(b) What is the bid-rent at the beltway? What is the slope of the bid-rent function? Show your work
Answers
(a) The bid-rent curve represents the maximum amount the firm is willing to pay for land at different distances from the beltway. (b) $800, slope is -$40.
(a) To sketch the firm's bid-rent curve for different distances from the beltway, we need to consider the cost components involved in the firm's operations. The bid-rent curve represents the maximum amount the firm is willing to pay for land at different distances from the beltway.
The firm's total cost per day consists of two components: the non-land cost and the transportation cost. The non-land cost is given as $560 per day, which remains constant regardless of the location. The transportation cost is incurred for each ton of output transported via trucks, and it is given as $12 per ton per mile.
Let's consider different distances from the beltway, ranging from zero to five miles. The transportation cost will vary depending on the distance from the beltway.
At distance zero (on the beltway), the transportation cost is zero since the trucks do not have to travel any distance. Therefore, the total cost per day at distance zero is $560.
At distance one mile, the transportation cost per day would be $12 per ton multiplied by the 10 tons of output produced, which equals $120. So, the total cost per day at distance one mile would be $560 + $120 = $680.
Similarly, we can calculate the total cost per day for distances two, three, four, and five miles from the beltway. Considering the transportation cost and adding it to the non-land cost, we get the following results:
Distance Total Cost per Day
------------------------------------
0 miles $560
1 mile $680
2 miles $800
3 miles $920
4 miles $1,040
5 miles $1,160
These values represent the maximum amount the firm is willing to pay for land at different distances from the beltway, given its production and transportation costs.
(b) The bid-rent at the beltway, i.e., distance zero, is $560 per hectare per day, which is equal to the firm's non-land cost. The slope of the bid-rent function can be determined by calculating the change in bid-rent per unit change in distance.
Considering the bid-rent values at distance zero and one mile, we can calculate the slope as follows:
Slope = (Bid-rent at distance zero - Bid-rent at distance one mile) / (Distance zero - Distance one mile)
= ($560 - $680) / (0 - 1)
= -$120 / -1
= $120
Therefore, the slope of the bid-rent function is -$120 per hectare per mile.
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Businesses in the nation of Islandia have been accumulating cash because they have a pessimistic outlook of the national economy. Due to recent changes in the economic outlook of Islandia, business leaders have started investing some of their accumulated cash. Instructions: Enter your answers as a whole number. Use a positive number to show an increase and a negative number to show a decrease. a. If business leaders invest a total of $30 billion of accumulated cash, what is the maximum expected change in GDP if Islandia's marginal propensity to consume is 0.8
Answers
The maximum expected change in GDP if Islandia's marginal propensity to consume (MPC) is 0.8 is: $150 billion.
Maximum expected change in GDPFirst step is to find the Multiplier
Multiplier= 1/(1 − MPC)
Multiplier = 1/(1 − 0.80)
Multiplier= 1/0.20
Multiplier=5
Second step
Maximum expected change = 5 × $30 billion
Maximum expected change = $150 billion
Inconclusion the maximum expected change in GDP if Islandia's marginal propensity to consume (MPC) is 0.8 is: $150 billion.
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If you could franchise a business - what business would you choose? (2-3 sentences)
Answers
Answer:
I would choose the Franchise Dunkin Donuts since many people get hungry in the morning. And since plenty of people work in the day times. It would be a mastermind full proof plan of sweet success.
Explanation: In Russia dog does not eat your homework, I do.
One of the effects of inflation on the economy is
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Answer:
Rising prices, known as inflation, impact the cost of living, the cost of doing business, borrowing money, mortgages, corporate, and government bond yields, and every other facet of the economy. ... With controlled, lower inflation, employment increases.Feb
what are the initials of the trade association representing the interests of u.s. music publishers today ?
Answers
The National Music Publishers' Trade Association (NMPA) is a trade group for the music publishing sector in the United States. The NMPA, which was established in 1917, represents US music publishers and the songwriters who work with them.
Why do BMI and ASCAP exist?Songwriters' rights are safeguarded by BMI and ASCAP, two performance rights organizations (PROs). If a songwriter has declared they want payment and is a member, anyone who performs a song in public is compelled to pay royalties to the songwriter.
Identify the top 3 music publishers?The data, as reported by Music Business Worldwide, indicated that the three major music publishers—Sony Music Publishing, Universal Music Publishing Group, and Warner Chappell Music—take the lion's share of the top tunes in the globe. 10 million songs are either individually owned or cooperatively managed.
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Which of the following is the most common traits of entrepreneurs? A. Passionate B. Risk-taker C. Independence D. Self-assured
Answers
Answer:
A. Passionate
Explanation:
Hope this helps
Answer: independence
Explanation:
When a business incorporates, it must file its ______ with the state in which it incorporates.
Answers
When a business incorporates, it must file its articles of incorporation with the state in which it incorporates.
The option (A) is correct.
Fundamentally, an article of consolidation implies records documented with an administration body (generally express) which means the making of a company. These are likewise a bunch of formal reports recorded with an administrative body to archive the formation of a partnership lawfully.
These articles by and large contain significant or relevant data, for example, the association's name, road address, specialist for administration of interaction, and the sum and sort of stock to be given. All in all, all articles of fuse are utilized to frame the company corporation.
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This question is not complete, Here I am attaching the complete question:
When a business incorporates, it must file its ______ with the state in which it incorporates.
(A) articles of incorporation
(B) dividends
(C) liquidation
When price competition is fierce, the incidence of the corporate Income tax Multiple Choice Cannot be passed on to customers or suppliers, and must be borne solely by shareholders May be passed on to employees through lower compensation Oo oo is borne primarily by customers through higher prices or lower product quality Can be mitigated only with tax reform
Answers
The main answer is: The incidence of the corporate income tax is borne primarily by customers through higher prices or lower product quality.
When price competition is fierce, businesses have limited ability to pass on the costs of corporate income tax to customers or suppliers. Instead, they often absorb the tax burden themselves or try to offset it through cost-cutting measures. However, these cost-cutting measures may lead to lower product quality or reduced investments, indirectly affecting customers.Since businesses aim to maintain profitability, they may increase prices to recover the costs of corporate income tax. This can result in higher prices for customers, as businesses try to shift the burden of the tax onto them. Alternatively, businesses may choose to reduce product quality or cut back on investments, which can also negatively impact customers. Passing on the tax burden to employees through lower compensation is less common, as it can affect employee morale and retention. Therefore, while it is possible to some extent, it is not the primary means of bearing the corporate income tax. Mitigating the burden of corporate income tax often requires tax reform measures that aim to create a more favorable business environment, reduce tax rates, or provide incentives for investment and growth. However, this does not imply that tax reform is the only solution; it is one of the possible approaches to alleviate the impact of corp
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If a buyer makes a 15% down payment and obtains a $120,000 mortgage, what is the sales price of the property? (round to the nearest dollar. )
Answers
The sales price of the property is approximately $141,176.
To determine the sales price of the property, we need to calculate the amount of the down payment and add it to the mortgage amount.
Let's assume that the down payment is 15% of the sales price.
Step 1: Calculate the down payment amount
Down payment percentage = 15%
Down payment = Down payment percentage * Sales price
Since the down payment is 15% of the sales price, we can set up the equation as:
0.15 * Sales price = Down payment
Step 2: Calculate the mortgage amount
Mortgage = $120,000
Step 3: Determine the sales price
Sales price = Down payment + Mortgage
Substituting the values into the equation, we have:
Sales price = Down payment + Mortgage
Sales price = 0.15 * Sales price + $120,000
To solve for the sales price, we need to isolate it on one side of the equation. Subtracting 0.15 * Sales price from both sides gives us:
Sales price - 0.15 * Sales price = $120,000
Combining like terms:
0.85 * Sales price = $120,000
Finally, dividing both sides by 0.85 gives us the sales price:
Sales price = $120,000 / 0.85
Using a calculator, we can compute the sales price:
Sales price = $141,176.47 (rounded to the nearest dollar)
Therefore, the sales price of the property is approximately $141,176.
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Kitchen chairs are purchased wholesale for $36 each by a discount furniture store. Then, the store marks up the chairs by 60 percent. The store has a special sale where all items are marked down by 20 percent. How much would two chairs cost during the sale? $46. 08 $57. 60 $92. 16 $115. 20.
Answers
Answer:
46.08 * 2 = 92.16
Explanation:
starts at 36, mark up by 60%
36 + 0.60(36) = 36 + 21.60 = 57.60
now they mark it down by 20%
57.60 - 0.20(57.60) = 57.60 - 11.52 = 46.08
46.08 * 2 = 92.16
Employers will consider an application valid even if it has not been signed.
T or F
Answers
Which statement about the Federal Reserve (the Fed) is true?
O Unless a person works there, the Fed has little impact on everyday life.
O The Fed determines the criteria banks must use to evaluate loan requests.
O The Fed sets monetary policy, which affects the interest rates banks offer.
O Because it is independent, the Fed reviews and approves the national budget.
Answers
A statement that is true on the Federal Reserve is that C. The Fed sets monetary policy, which affects the interest rates banks offer.
What does the Federal Reserve do ?The American central bank is known as the Federal Reserve System (FRS). It is conceivably the most potent financial organization in the entire globe and is sometimes referred to as "the Fed." It was established to give the nation a secure, adaptable, and stable financial and monetary system.
Its primary duties include controlling the money supply, establishing interest rates, and overseeing the financial system. In times of economic crisis, it also serves as a lender of last resort, as was shown during the financial crisis of 2008.
These powers of the Federal Reserve mean that it is the one which sets the monetary policy of the United States. This monetary policy will then affect the interest rates on loans, offered by banks.
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context of Theory Y managers in China, managers who are skilled in the management of people and possessing political and ideological expertise are called
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Context of Theory Y managers in China, managers who are skilled in the management of people and possessing political and ideological expertise are called the reds.
People are self-motivated and love the challenge of work, according to theory Y. With this presumption, managers foster a closer working relationship with their staff members and inspire them by giving them the freedom to act independently, take on responsibility, and make decisions.Working hard both physically and mentally comes as naturally to individuals as sleeping or playing. Coercion, control, and punishment threats are important to motivate people to meet organizational goals.What is the Theory Y approach?According to Theory Y, managers should foster an environment at work where workers have the chance to exercise initiative and self-direction. Opportunities for employees to contribute to the success of the company should be provided.
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Where does a supply chain begin?
(2 Points)
at a factory
in a supermarket or store
with raw materials
with products that are for sale
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Two culturally different companies are planning to merge for combining their technological expertise and thereby gaining a competitive advantage. Critically analyze the applications of environmental scanning, cultural due diligence, conflict management, and speed of organizational change on the success of M&A
Answers
For the purpose of integrating their technological know-how and achieving a competitive edge in environmental scan is notify device plans, two culturally diverse businesses are planning to unite. By reducing unfavorable results, conflict management is the process of resolving disputes.
The process of examining and interpreting data regarding an organization's external environment is known as "environmental scanning." The process of determining if two organizations are culturally compatible is known as "cultural due diligence."
Conflict management: Conflict resolution is the process of locating, addressing, and resolving disputes that could occur throughout the M&A transaction. The rate at which adjustments are made inside an organization is referred to as its speed of organizational change.
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If the U.S. dollar is strong, foreign imports are
A. weak
ОО
B. more expensive
C. strong
D. less expensive
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according to herzberg's two-factor theory, which group of motivational factors would give employees the most satisfaction?
Answers
Herzberg believed that motivational factors guaranteed job satisfaction while a dearth of hygiene factors led to job satisfaction.
What is motivational?The word "motivate," which means to move, is derived from the noun "life." Your motivation to act comes from a deep desire. It transforms you from a basic desire to a decisive moment since it is so intricately connected to what you think to be true and right in life.
Inspiring or attempting to inspire others to behave in a particular way, particularly in order to overcome challenges and attain success, happiness, etc.: He mentors young people from inner cities and shares his inspirational tale at local schools.
According to Herzberg's two-factor theory, which group of motivational factors would give employees, the most satisfaction believed that motivational factors guaranteed job satisfaction while a dearth of hygiene factors led to job satisfaction.
Therefore, Herzberg believed that motivational factors
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if you deposit $100 into a savings account which compound interest every month at a 5 % yearly interest rate, what is the expression for the amount of
Answers
The interest earned after two years $70.28177.
This is the foremost basic variety of account you'll be able to open at any bank. A savings account, by definition, permits you to deposit your cash, safe with the bank, thus you do not have to be compelled to carry it around with you or hide it in this rusty recent steel safe reception. don't fret, you'll be able to withdraw these funds after you want them.
The interest rate is that the quantity a loaner charges a receiver and could be a share of the principal—the quantity loaned. The charge per unit on a loan is usually noted on an annual basis referred to as the annual share rate (APR).
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if you deposit $100 into a savings account which compound interest every month at a 5 % yearly interest rate, what is the expression for the amount of the interest earned after two years?
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PLEASE HELPPP‼️
Which kind of assessment give you a very personal perspective but can only give you feedback based on your own knowledge and input?
A)Counselor-Directed Assessment
B)Guided Assessment
C)Online Assessment
D)Reflective Assessment
Answers
Imagine you are a real estate agent and you’ve just met a couple who is ready to
buy their first home. Create a list of at least 20 possible questions you could ask
to determine what they are looking for in their new home.
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2) are you working with a lender?
3) what are your dealbreakers?
4) what’s on your wishlist? (Walk in closets, pool, hot-tub, huge kitchen, etc.)
5) what is your favorite room in the house?
6) how do you prefer to be contacted?
7) What is your budget?
8) Have you seen other houses?
9) Any favorite neighborhoods?
10) is being close to your work or your child’s school a priority?
11) Where is your work located?
12) What do you enjoy doing in your spare time?
13) Let’s say tomorrow I have your home, are you ready to move?
14) What problems do you anticipate?
15) Do you have any concerns?
16) How much do you think your home is worth?
17) where is your child’s school located/ name of school?
18) if you wanted to be close to work/your child’s school, how many miles? 5-10 perhaps?
Please write a 4-6 sentence reflection on what you learned about college apps and paying for school today
Answers
Answer:
Im still standin
Explanation:
Carl owns a software firm, and mike owns a computer hardware manufacturing firm. they decide to create an alliance in order to manufacture laptops and desktops using the shared competencies of their respective firms. when creating the alliance, they make sure that each of them invests 50% capital and that they would each own a specified right to a percentage of the profits from the alliance. the collaborative relationship in this scenario is known as _____.
Answers
The collaborative relationship discussed in the passage is known as relational governance which facilitates growth and provides solutions.
What is a relational governance mechanism?The relational governance mechanism emphasis on equal distribution of roles and responsibilities along with financial investment to make the decision in any corporation. This is based on mutual understanding and trust.
In this scenario, Carl owns a software firm, whereas mike owns hardware manufacturing bringing equal investment with 50%capital. they also shared their skills and competencies to encourage better working in the organization.
Therefore, they implement a relational governance relationship where they share equal rights in the business.
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What was one major effect of the oil crisis of 1973 on world affairs?
A. A sustained decline in international trade
B. A brief global economic depression
C. A coordinated effort to protect the environment
D. A significant rise in wages for workers
Answers
Answer: B. A brief global economic depression
Explanation:
one major effect of the oil crisis of 1973 on world affairs was a brief global economic depression. Thus the correct answer is C.
What are the causes of the oil crisis?An oil crisis might be caused by a lack of surplus production capacity, which causes demand to exceed supply, and a rapid expansion of the global economy, which would increase oil consumption.
The incident impacted international relations and caused a divide within NATO. A worldwide oil crisis might risk economic stability. It has changed the spending capacity of consumers due to a lack of flow of funds.
Therefore, option B brief global economic depression is appropriate answer.
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Pimlico Steel operates an aluminum refining plant in Jamaica. The contract between Pimlico and Jamaica requires the corporation to train Jamaican engineers in the latest processes. Jamaica has most likely required Pimlico to agree to a(n) ________.
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Jamaica has most likely required Pimlico to agree to a(n) **technology transfer**.
A technology transfer is a contractual agreement or requirement whereby one party, in this case, Jamaica, mandates or requests another party, Pimlico Steel, to share or transfer technological knowledge, processes, or expertise. In this scenario, Pimlico is operating an aluminum refining plant in Jamaica, and as part of the contract, Jamaica has imposed the obligation for Pimlico to train Jamaican engineers in the latest processes.
By requiring Pimlico to engage in technology transfer, Jamaica aims to enhance its domestic capabilities and promote knowledge transfer within the country. This practice allows for the development of local expertise, promotes economic growth, and strengthens the technological infrastructure of the host country.
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which of the following product development strategies has the highest product development risk? group of answer choices alliances new internally developed products acquiring the developer purchasing technology joint ventures
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Out of the given product development strategies, internally developed products have the highest product development risk.
Product development refers to the process of developing and introducing a new product to the market. It involves several stages, such as idea generation, concept development, testing, and launch. It is a crucial aspect of business growth and helps companies to remain competitive by meeting the changing demands of consumers.
There are various strategies that companies use to develop new products, including the following:
Alliances: Companies partner with other companies to share the risk and costs of developing new products. This helps in reducing the financial burden and sharing expertise.
New internally developed products: Companies use their resources to develop new products. It helps in retaining control over the process and maintaining confidentiality.
Acquiring the developer: Companies buy other companies that have developed a new product or have the capabilities to develop new products. This helps in gaining access to new markets and technologies.
Purchasing technology: Companies buy the technology required to develop new products. This helps in saving time and effort in developing new products.
Joint ventures: Companies partner with other companies to share the risk and rewards of developing new products. This helps in sharing the resources, risk, and expertise. The joint venture may involve pooling resources to form a new company.Out of the given strategies, internally developed products have the highest product development risk. It is because the company bears the entire cost and risk of developing a new product. There is also no guarantee of the success of the product.
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What are three examples of a trade-off?
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A trade-off refers to a situation where choosing one option or action means giving up something else. Here are three examples of trade-offs: Time vs. Money, Quality vs. Cost, Short-term vs. Long-term gain.
Time vs. Money: One of the most common trade-offs is between time and money. If you work more hours, you can earn more money, but you'll have less free time to spend with your family and friends or pursue your hobbies. On the other hand, if you choose to work fewer hours, you'll have more free time, but you'll earn less money.
Quality vs. Cost: Another example of a trade-off is between quality and cost. If you want the highest quality product or service, you may need to pay more for it. However, if you choose a lower-cost option, you may have to compromise on quality.
Short-term vs. Long-term gain: A third example of a trade-off is between short-term and long-term gain. If you choose to prioritize short-term gains, you may achieve immediate success or satisfaction, but it may come at the expense of long-term success.
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Question 16 1 points Many company websites are now designed to do more than just sell product. These brand community websites attempt to build closer customer relationships and generate engagement with and between the brand and its customers. O True O False
Answers
Many company websites are now designed to do more than just sell product. These brand community websites attempt to build closer customer relationships and generate engagement with and between the brand and its customers. The given statement is True. This is because modern-day websites are designed to serve many different purposes, including selling products, building a brand community, providing customer service, and generating customer engagement.
As a result, many companies are now turning to brand community websites as a way to engage with their customers more effectively and build closer relationships with them.A brand community website is a website that is designed to create a sense of community among a brand's customers. These websites typically include features like forums, blogs, chat rooms, and social media integration that allow customers to interact with each other and with the brand itself. The goal of a brand community website is to build a closer relationship between the brand and its customers, which can help to increase customer loyalty and drive sales.In addition to building closer customer relationships and generating engagement, brand community websites can also provide a valuable source of customer feedback. By monitoring customer discussions and feedback on the website, companies can gain valuable insights into customer needs and preferences, which can help them to improve their products and services.Overall, brand community websites are an effective way for companies to engage with their customers and build stronger relationships with them. By providing a platform for customer interaction and feedback, these websites can help companies to better understand and meet the needs of their customers, ultimately leading to increased customer loyalty and sales.
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When consumers are unhappy with a product, they boycott the product and/or store and express dissatisfaction to friends. this is called ________ response.
A) private
B) third-party
C) voice
D) public
Answers
When consumers are unhappy with a product, they boycott the product and/or store and express dissatisfaction to friends. this is called private response.
Consumers Energy offers what services?At Consumers Energy, we offer power and natural gas to support you in carrying out those daily activities. Millions of Michigan people benefit greatly from the energy we generate. Since 1886, when our founder W.A. Foote contributed to illuminating downtown Jackson with city streetlights, we have been providing electricity.
Which one best describes a consumer?Individuals or organizations that utilize or consume goods and services are referred to as consumers. Customers are the buyers who make purchases of goods and services in the economy. Customers can be individuals or groups.
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If the seller is responsible for the shipping costs of merchandise sold, the shipping terms will be specified as: multiple choice question.
a. fob destination
b. fob factory
c. fob shipping
d. point fob
Answers
Answer:
a. fob destination
Explanation:
FOB (Free on Board) is a shipping term that specifies when the responsibility for goods passes from the seller to the buyer. FOB destination means that the seller is responsible for the shipping costs and the ownership of the goods is transferred to the buyer when the goods arrive at the buyer's destination. In contrast, FOB shipping (also known as FOB origin) means that the buyer is responsible for the shipping costs, and the ownership of the goods is transferred to the buyer when the goods are shipped from the seller's location. FOB factory and point FOB are not commonly used shipping terms.
Match each business management role to its corresponding description.
Answers
Answer:
Explanation:
1.) 3
2.) 4
3.) 2
4.) 1
The role of Chief operating officer is to develop policies and structure to protect company data. The appropriate response is statement 3.
Who is a Chief operating officer ?A Chief Operating Officer (COO) is a corporate leader who is in charge of managing a company's continuing business operations. The COO is often the company's second-in-command and reports to the CEO. Chief Operations Officer, Operations Director, and Director of Operations are other titles for the COO.
The CEO is in charge of managing all resources and overseeing the staff, with the COO serving as his or her deputy. In all business meetings and management decisions, the CEO represents the company. The COO manages revenue, expenses, task distribution, client happiness, and efficiency.
The appropriate responses are
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