Restaurant's inventory turnover ratio is approximately 49.74.
Let's discuss it further below.
To calculate the inventory turnover ratio for this restaurant, you can use the following formula:
Inventory Turnover Ratio = Cost of Goods Sold (COGS) / Average Inventory
Here's a step-by-step explanation using the given information:
1. Identify the Cost of Goods Sold (COGS): $485,000
2. Identify the Average Inventory: $9,750
3. Plug in the values into the formula: Inventory Turnover Ratio = $485,000 / $9,750
4. Calculate the result: Inventory Turnover Ratio = 49.74
So, the restaurant's inventory turnover ratio is approximately 49.74. This means that the restaurant sells and replaces its inventory about 49.74 times a year.
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At what rate per cent per annum will 4000 yield an interest of 410 in 2 years?
Answer:
5%
Explanation:
The applicable formula is A = P( 1 + r) ^ n
where A= amount: P is the principal, r, interest rate, n time
In this case,
A = principal + interest = Rs 410 { Rs 4000 + Rs410}
P= Rs 4000
r= ?
n= 2
r is?
4410 = 4000(1 + r) ^2
(1 + i)^ 2 = 4410/4000
(1 + i)^ 2 = 1.1025
1 + i = √1.1025
1 + i = 1.05
i = 1.05 - 1
i = 0.05
0.05 × 100 = 5%
Suppose the market demand function facing two firms, Firm A and Firm B, is Q=610- 2P. Each firm has a constant marginal cost of $5 per unit. a A. What is the best response function for Firm A? B. What is the best response function for Firm B? C. What is the Nash-Cournot equilibrium quantity produced by each firm? D. What is the market equilibrium quantity and price? E. Suppose the two firms want to initiate a merger, making it a monopoly. Assuming the same demand function and marginal cost, would this be good or bad for society and why? Must show work to support your answer. (hint: use a graph and compare the DWL's under each scenario)
a) The best response function for Firm A can be derived by maximizing its profit given the quantity produced by Firm B. Firm A's profit is given by the difference between its revenue and cost.
Profit = Revenue - Cost
Profit = P * Q - MC * Q
Profit = P * (610 - 2P) - 5Q
Profit = (610P - 2P^2) - 5Q
To find the best response function, we take the derivative of the profit function with respect to P and set it equal to zero:
dProfit/dP = 610 - 4P = 0
4P = 610
P = 152.5
Therefore, the best response function for Firm A is P_A = 152.5 - 0.5Q_A.
b) The best response function for Firm B can be derived in the same way as for Firm A. Firm B's profit is given by the difference between its revenue and cost.
Profit = P * Q - MC * Q
Profit = P * (610 - 2P) - 5Q
Profit = (610P - 2P^2) - 5Q
Taking the derivative of the profit function with respect to P and setting it equal to zero:
dProfit/dP = 610 - 4P = 0
4P = 610
P = 152.5
Therefore, the best response function for Firm B is P_B = 152.5 - 0.5Q_B.
c) To find the Nash-Cournot equilibrium quantity produced by each firm, we substitute the best response function of one firm into the other and solve for the quantity.
Q_A = 610 - 2P_A
Q_A = 610 - 2(152.5 - 0.5Q_B)
Q_A = 305 - Q_B/2
Q_B = 610 - 2P_B
Q_B = 610 - 2(152.5 - 0.5Q_A)
Q_B = 305 - Q_A/2
Equating the two equations, we have:
305 - Q_B/2 = 305 - Q_A/2
Q_A = Q_B
Therefore, the Nash-Cournot equilibrium quantity produced by each firm is Q_A = Q_B.
d) To find the market equilibrium quantity, we sum the quantities produced by each firm:
Q_market = Q_A + Q_B = 2Q_A
Q_market = 2Q_A = 2Q_B = 2(305 - Q_A/2)
2Q_A = 610 - Q_A
3Q_A = 610
Q_A = 203.33
Q_B = 203.33
Substituting the value of Q_A or Q_B into the demand function, we can find the market equilibrium price:
Q = 610 - 2P
203.33 = 610 - 2P
2P = 610 - 203.33
2P = 406.67
P = 203.33
Therefore, the market equilibrium quantity is approximately 203.33 units, and the market equilibrium price is approximately $203.33.
e) If the two firms initiate a merger and become a monopoly, it would lead to a decrease in societal welfare. In a monopoly, the monopolistic firm can set prices higher than marginal costs, resulting in a reduction in consumer surplus and deadweight loss (DWL).
To illustrate this, we can compare the consumer surplus and DWL under the duopoly (Cournot) and monopoly scenarios using a graph.
In the duopoly scenario, the market equilibrium quantity is Q = 2
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How does business generate income?
Hai!
This depends on the Type of Business.
If it is a Selling Business, they sell stuff to Earn Profit.
If its a Free Online Website/Game. They earn money by either in game purchases or Web Site purchases.
An advantage of imposing a tax on the producer that generates pollution is that: a producer can pass the cost of the pollution to consumers.
The given statement is false becasue one of the advantages of imposing a tax on the producer that generates pollution is that it creates an incentive for the producer to reduce their pollution output.
By imposing a tax on pollution, the producer must pay a fee for each unit of pollution that they emit, which increases the cost of production. As a result, the producer may seek ways to reduce their pollution output in order to avoid paying the tax and reduce their production costs. This can lead to the development and adoption of more environmentally-friendly production methods and technologies.
It is true that in some cases, producers may attempt to pass on the costs of the pollution tax to consumers in the form of higher prices. However, this is not an advantage of the policy, but rather a potential disadvantage that must be carefully considered and weighed against the benefits of reducing pollution. Additionally, if the tax is designed appropriately, the costs can be offset by providing rebates or other incentives to encourage consumers to purchase cleaner, more environmentally-friendly products.
"
Complete question
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An advantage of imposing a tax on the producer that generates pollution is that: a producer can pass the cost of the pollution to consumers.
True
False
"
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PLZ ANSWER ASAP!
Imagine you are on the other side of the playing field and you are the one interviewing someone for a job at your company. What are the top three things that you would look for or hope to hear the interviewee say? Why?
charlotte can produce pork and beans and can switch between producing them at a constant rate. if it takes charlotte 10 hours to produce a pound of pork and 5 hours to produce a pound of beans, what is charlotte's opportunity cost of pork and what is opportunity cost of beans?
Pork and beans can be produced in Charlotte. Pork has an opportunity cost of 10 pounds of beans divided by 5 equals 2 pounds of beans. 5 pounds of pork, 10 pounds of pork, or 1/2 pound of pork, is the opportunity cost of beans.
The demand for pork drives the demand for market hogs. Retailers create a wholesale demand plan for pork by subtracting an amount from the anticipated pork demand schedule that will cover their expenditures and generate a profit.
2020 saw the COVID-19 have an impact on the pork market. Neither state farms nor small-scale farmers can increase their output. Pork production did not increase and but decreased for the year by 1.42 million tonnes when compared to 2019. The demand for meat eventually exceeds the supply of pork.
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, environmental trends and Ethical trends affect a pharmacy business? I need one whole paragraph for them
The negative impact of the production of pharmaceutical products on the natural environment is well known. However, this remains largely unregulated, meaning the extremely toxic impact it has on both animals and humans continues with no clear end in sight.
International organisations and the pharmaceutical industry have begun to notice that the detrimental impact pharma products have on the environment on a global scale.Pharmaceutical products enter the environment at various stages of their life-cycle, but particularly during the production phase. One of the main threats is that discharging antibiotics into the environment can promote the natural development of antibiotic-resistant pathogens that are harder to treat. Lord Jim O’Neill noted this trend in his 2016 UK government-funded independent Review on Antimicrobial Resistance.Although it is a global issue, like other environmental issues, pharma pollution more directly and seriously affects those living near production plants whose water and food sources are contaminated with waste pharma products.Health Care Without Harm (HCWH) Europe runs the Safer Pharma campaign to raise awareness of the negative relationship between pharma and the environment and challenge the healthcare industry to clean up its production.The production of both active pharmaceutical ingredients (APIs) and finished dose antibiotics is concentrated in specific locations so the resulting point, source pollution, is in incredibly high concentrations and encourages the development of drug resistance,” says HCWH Europe pharmaceuticals policy officer Dr Adela Maghear. “This practice has a detrimental impact on vulnerable populations living near manufacturing facilities and wastewater treatment plants in these countries.The pollution of pharma products into the environment also adversely affects animals, particularly fish living in contaminated water. For example, a report published in science journal Nature in 2009 noted that ‘many of Europe’s rivers are home to male fish that are ‘intersex’ and so display female sexual characteristics, including female reproductive anatomy. Some males also produce vitellogenin, a protein normally.
loss on sale of investments is reported on the blank______ and results from sales of investments at a price blank______ than the original cost.
Loss on the sale of investments is reported on the income statement and results from sales of investments at a price lower than the original cost.
When an investment is sold for a price lower than its original cost, a loss is incurred. This loss represents the difference between the original cost of the investment and the selling price. The loss is recognized as an expense on the income statement, specifically under the category of "Loss on Sale of Investments" or a similar designation.
Reporting the loss on the income statement allows for proper accounting of the transaction and ensures transparency in financial reporting. It provides stakeholders with information about the financial performance of the company, including the impact of investment sales on its profitability.
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Question # 1
Long Text (essay)
Submit your work for Part A, a crime study, and for Part B, creating a law and codifying a crime.
C r i m e is a complex social phenomenon that requires a multidisciplinary approach to understand and address. Creating laws and co di f ying c r i m e s is an essential component of the criminal justice system and can help address societal problems such as C y b e r b u l l y i n g.
What informs the c r ime study?Part A: Crime Study:
Understanding crime and its causes is critical in developing effective crime prevention strategies and maintaining social order. The study of crime also involves understanding the criminal justice system, which is responsible for maintaining law and order and punishing offenders. Law enforcement agencies are responsible for investigating crimes, arresting offenders, and bringing them to trial. The courts are responsible to determine guilt and administer punishment. The correctional institutions are responsible of rehabilitating offenders.
In conclusion, crime is a complex social phenomenon that requires a multidisciplinary approach to understand and address. Understanding the causes of crime and the criminal justice system is critical in developing effective crime prevention strategies. Creating laws and codifying crimes is an essential component of the criminal justice system and can help address societal problems such as c y b e r b u l l y i n g.
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Which of the following was not one of Reagan's four major policy objectives during his presidency?
A.reduce government regulation
B. reduce federal income tax and capital gains
C.reduce growth of government spending
D.reduce the rising taxes for middle-class citizens
E.reduce inflation by controlling growth of the money supply to reduce inflation
Answer: D.reduce the rising taxes for middle-class citizens
Explanation:
During the tenure of President Ronald Reegan when he was the president of the United States,he promoted some economic policies which were often referred to as Reaganomics.
These policies include:
A.reduce government regulation
B. reduce federal income tax and capital gains
C.reduce growth of government spending
E.reduce inflation by controlling growth of the money supply to reduce inflation
It should be noted that option D "reduce the rising taxes for middle-class citizens" isn't among the policies put forward by Reegan.
In a synodic month, the Moon goes around the Earth, to the nearest integer, (blank), degrees, returning it to the same place relative to the
In a synodic month, the Moon goes around the Earth, to the nearest integer, 360 degrees, returning it to the same place relative to the Earth.
A synodic month is the time taken for a celestial body, such as the Moon, to return to the same phase (or synodic position) when viewed from the Earth.
A synodic month is the time taken for the Moon to return to the same place in the sky relative to the Sun as viewed from the Earth.
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what is the difference between an annuity and perpetuity?
The main difference between an annuity and a perpetuity lies in the duration of the cash flow.
An annuity is a financial product that provides a series of regular payments over a predetermined period of time, while a perpetuity offers an infinite stream of regular payments that continue indefinitely.
Annuity: An annuity involves a fixed set of cash flows that occur at regular intervals over a specified period. These cash flows can be received or paid out, depending on the type of annuity.
For example, an individual might purchase an annuity that pays them a fixed monthly income during retirement for a period of 20 years. Annuities are commonly used for retirement planning or as a structured settlement for legal claims. They have a defined end date and a finite number of payments.
Perpetuity: A perpetuity, on the other hand, is a financial instrument that offers a never-ending stream of cash flows with no specified end date. The payments continue indefinitely, without any predetermined expiration or termination. An example of a perpetuity is a government bond that pays a fixed coupon payment every year without a maturity date. Perpetuities are less common than annuities and are typically seen in certain financial instruments or investment structures.
In summary, the key distinction between an annuity and a perpetuity lies in the duration of the payment stream. An annuity has a set period with a finite number of payments, while a perpetuity offers an infinite stream of payments that continue indefinitely.
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a) What does import value mean?
b) if the Import value is at 3000$ USD in 2017 what does this
imply? (does it mean higher demand? is the product profitable?)
a) Import value: Total value of imports. b) Import value of $3000 USD in 2017: Total worth of imports in that year but does not indicate profitability or demand for a product.
Explanation:
a) Import value refers to the total value of goods or services that are imported into a country from other countries during a specific period of time.
b) If the import value is at $3000 USD in 2017, it implies that the total value of goods or services imported into the country from other countries was $3000 USD during that year. It does not necessarily mean that there was a higher demand or that the product is profitable. The import value is affected by a variety of factors such as exchange rates, tariffs, government policies, and global economic conditions.
To understand whether a product is profitable or if there is a higher demand, it is important to consider other factors such as the price of the product, the level of competition, consumer preferences, and market trends. It is also important to consider the overall trade balance of the country, which takes into account both imports and exports. A positive trade balance, where the value of exports is higher than imports, indicates a profitable market for domestic businesses.
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Unlike most natural disasters, floods and earthquakes are not covered by a standard homeowners policy. why might that cause problems for homeowners?
This can cause problems for homeowners because it means they will be responsible for any damage or losses caused by floods and earthquakes that are not covered by a standard homeowners policy.
What is homeowners policy?Homeowners policy is an insurance policy that provides financial protection against loss or damage to a home, its contents, and liability for personal injury that occurs within the home. Homeowners insurance typically covers losses caused by fire, theft, vandalism, wind, hail, and other disasters listed in the policy.
This can be a financial burden if they do not have the necessary funds to cover the costs of repairs or replacements. Additionally, it can be difficult for homeowners to find affordable flood or earthquake coverage.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
all raw materials purchases are made on credit. prepare journal entries to record the: 1. purchase of raw materials. 2. direct materials used. 3. indirect materials used.
The journal entry to record the purchase of raw materials is Debit Raw Materials Inventory $40,000, Accounts Payable $40,000, direct materials used is Debit Work-in-Process Inventory 17,000, Credit Raw Materials Inventory $17,000.
Preparation of the journal entries1. Purchase of raw materials
Debit Raw Materials Inventory $40,000
Accounts Payable $40,000
( To record raw material on credit)
2. Direct materials used
Debit Work-in-Process Inventory 17,000
Credit Raw Materials Inventory $17,000
( To record direct materials in production)
3. Indirect materials used.
Debit Factory overhead $22,000
Credit Raw material inventory $22,000
( To record indirect materials in production)
Therefore the entry to record the purchase of raw materials is: Debit Raw Materials Inventory $40,000, Accounts Payable $40,000.
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The complete question is:
Prepare journal entries to record the following production activities.
1. Purchased $40,000 of raw materials on credit.
2. Used $17,000 of direct materials in production.
3. Used $22,000 of indirect materials in production.
Hudson has to maintain confidential financial accounts in a workbook. He needs two team members to help him update data in the specified worksheet. He wants to prevent his team from deleting or updating the confidential data in certain cells. Which tab on the Format Cells dialog box will enable him to lock these cells?
A. Cell Pattern
B. Cell Protection
C. Cell Prevent
D. Cell Format
help LOLL
Answer:
option c
Explanation:
please follow me
Answer:
B
Explanation:
just took the test
As you read through the draft of your message, you consider whether parts of your message should be rearranged to make your point more effective. Proofreading Evaluating Editing
Answer:
The correct answer will be "Editing".
Explanation:
Editing seems to be the process where even the letter being written is reconstructed or reconfigured to more efficiently express the letter. Arranging, modifying, as well as assembling a recorded, written, or video content for official completion, commonly by such an individual except for the producer of the content (considered as an editor).The other options in question aren't relevant to the particular circumstance. So the option available here is just the right one.
according to the wall street journal, a startup company’s ability to gain funding is a key to success. the funds raised (in millions of dollars) by
according to the wall street journal, a startup company’s ability to gain funding is a key to success. the funds raised (in millions of dollars) by:- 50 startup companies.
A startup is a company that is in the initial phases of business.
Originators ordinarily finance their startups and may endeavor to draw in external investment before they make headway.
Funding sources include loved ones, financial speculators, crowdfunding, and loans.
Startups should likewise consider where they'll carry on with work and their legitimate design.
Startups accompany high gamble as disappointment is entirely conceivable however they can likewise be exceptionally interesting work environments with incredible advantages, an emphasis on innovation, and extraordinary chances to learn.
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Neolithic people practiced metallurgy.
How did the advancement in technology. Benefit. Early humans
Answer:
the answer is D
Explanation:
Answer:
D. Metal was used to make stronger items that lasted longer
Explanation:
Did it on Edg.2020
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Politicians often argue for tariff increases in order to reduce the nation's dependence on imports. If tariffs are increased, the long-run effect is most likely to be: an increase in American imports, and a decrease in American exports. an decrease in American imports, and an increase in American exports. an increase in both American imports and exports. a decrease in both American imports and exports.
Answer:
a decrease in both American imports and exports.
Explanation:
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Basically, trade can be categorized into two (2) main groups and these are;
I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.
II. Export: it involves the sales of goods produced in a domestic country to a foreign country.
Some examples of trade barriers are import license, quotas, subsidies, embargo, currency devaluation, local content requirements, tariffs, etc.
A tariff can be defined as tax levied by the government of a country on goods and services imported from another country.
A tariff increase usually reduce the nation's dependence on imports.
Hence, if tariffs are increased, the long-run effect is most likely to be a decrease in both American imports and exports.
The costs of promoting and establishing a product offering, including the cost of educating customers is mainly incurred by:
a.Later mover
b.First mover
The costs of promoting and establishing a product offering, including the cost of educating customers, are mainly incurred by the first mover. Option b
A first mover refers to a company or organization that introduces a new product or service to the market before any of its competitors. By being the first to enter the market, the first mover has the advantage of capturing the attention and interest of customers who are eager to try something new.
When a company launches a new product, it needs to invest in various promotional activities to create awareness and generate demand among potential customers. These activities include advertising, marketing campaigns, public relations, and other forms of communication to reach the target audience.
Additionally, a first mover also incurs costs related to establishing the product offering. This includes research and development expenses, product design and testing, production setup, and distribution logistics. These costs are necessary to ensure that the product meets customer expectations and can be efficiently delivered to the market.
Furthermore, the first mover often needs to educate customers about the benefits, features, and usage of the new product. This can involve conducting product demonstrations, providing training materials, and offering customer support. Educating customers requires resources and effort, which are primarily the responsibility of the first mover.
In summary, the costs of promoting and establishing a product offering, as well as the cost of educating customers, are mainly incurred by the first mover. Being the first to enter the market comes with the advantage of capturing early market share, but it also requires significant investments in marketing, product development, and customer education.
Option b
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hich of the following documents informs a consumer of how to go about filing a complaint against a mortgage banker or licensee?
The document that informs a consumer of how to go about filing a complaint against a banker or licensee is called the Consumer Handbook on Adjustable Rate Mortgages (CHARM) booklet.
This booklet is required by law to be given to consumers who are applying for an adjustable rate mortgage (ARM). It contains information on how ARMs work, their risks and benefits, and other important information for consumers.
In addition, the CHARM booklet also includes information on how to file a complaint against a mortgage banker or licensee. It provides contact information for the state regulatory agency that oversees mortgage bankers and licensees, as well as information on how to file a complaint with that agency.
The CHARM booklet is an important tool for consumers who are considering an adjustable rate mortgage, as it provides them with the information they need to make an informed decision and protect themselves from predatory lending practices.
It is important for consumers to read and understand the information in the CHARM booklet before agreeing to an adjustable rate mortgage.
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Complete question
Which documents informs a consumer of how to go about filing a complaint against a mortgage banker or licensee?
Frank wants to add contact information for his references to his resume what should he obtained before including this contact information
A.Training certificates
B. Each person’s approval
C. Experience letter
D. Membership certificates.
Answer: B
Explanation: You should always contact someone before you list them as a reference to confirm that they are comfortable giving you a good recommendation if the potential employer contacts them, and also to confirm that you are listing the correct contact information on your resume.
With respect to bad debts, what is the allowance method
Answer:
The allowance method refers to one of the two ways for reporting bad debts expenses that results from a company selling goods or services on credit. A business will set aside a certain amount of funds to cover bad debts—or money that probably won’t be repaid to them—and is typically calculated as a percentage based on company sales (in a previous sales period) and specific customer risk assessment.
Business is a social process . Discuss
Answer:
Business is a social process. a single person cannot run a business, there are many single owner but they also need other person's help or market help for their business survival. ex help of the resources,if the business is product based or help of customer If it is service based. all this things work together. the whole economy works together. so it is a social process .
Answer:
Technology aligned solutions integrating the functions and processes of hardware , software , telecommunications and networks . From basic internet connectivity to software development , w provide all kind of technological services based on the type of industry.
Explanation:
Hope this help BLINK!
why am i the best in my class
Marissa owns a Chichi's Chicken Restaurant franchise and is able to compete in her local market because the franchisor shares the cost of her advertising. This is an example of _____ advertising.
Answer:
Cooperative.
Explanation:
Franchise is a license consisting of a contractual arrangement between a parent company (franchiser or franchisor) and another (franchisee), that allows individuals or an organization access to its knowledge, processes, trademarks in order to provide a service.
One of the main advantages of a franchise is that, franchisers such as Chichi's Chicken Restaurant do not require additional capital and development expenses to have their businesses being situated in a foreign market or country, as they only required to issue licenses to franchisors who are interested in being part of their business by paying a fee.
Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.
In this scenario, Marissa owns a Chichi's Chicken Restaurant franchise and is able to compete in her local market due to the fact that the franchisor shares the cost of her advertising. This is an example of cooperative advertising.
A cooperative advertising can be defined as a cost-effective advertising partnership in which the cost of a locally placed advert is shared between two or more parties such as manufacturer, wholesaler, retailer, franchisor, franchisee, etc.
Answer:
Cooperative
Explanation:
This is an example of Cooperative advertising.
A cooperative is an association of persons (organization) that is owned and controlled by the people to meet their common economic, social, and/or cultural needs and aspirations through a jointly-owned and democratically controlled business (enterprise).
state any five occupations in public service sector? Explain any one of them.
Answer:
Explanation:
Public service simply refers to the services that are provided by the government. The examples of occupations in the public service sector include:
1. Firefighter
2. Law enforcement officer
3. Custom inspector
4. Military
5. Public health nurse
A law enforcement officer is a person that enforces law. They also help in protecting lives and properties.
While watching television, Jillian saw a commercial for a product that was "made in Taiwan." She immediately dismissed the product being advertised because the last item she bought that was made there fell apart in just two weeks. What is affecting this advertising communication
Answer: Source effects
Explanation:
From the question, we are informed that while watching television, Jillian saw a commercial for a product that was "made in Taiwan and that she immediately dismissed the product being advertised because the last item she bought that was made there fell apart in just two weeks.
This communication issue is due to source effect. This is when one believes a product will either be good or bad based on the products one has earlier used from the source which could be same company, same country etc.