Suppose your company manufactures 2,000 hard drives per year specifically for Apple laptop computers. Suppose your company’s average variable cost is $6 per unit, the annualised cost of investment to build a hard drive factory is $5,000, and market price (market price in the event Apple does not buy) is $8 per unit.
Based on the above information, answer the following questions.
(a) How much is your company's relationship specific investment?
(b) How much is your company's rent if Apple agrees to purchase the 2,000 hard drives at $10 per unit?
(c) How much is your company's quasi-rent if the deal your company had with Apple in part (b) falls apart?
Answers
(a) Relationship specific investment in the given scenario is the $5,000 annualized cost of investment to build a hard drive factory. So, the relationship specific investment is $5,000.
(b) The company manufactures 2,000 hard drives per year for Apple laptop computers. Apple agrees to purchase 2,000 hard drives at $10 per unit. Now, the revenue from Apple is,Revenue = Quantity × Price= 2,000 × $10= $20,000The total variable cost of producing 2,000 hard drives per year is 2,000 × $6 = $12,000,
So, the company's rent if Apple agrees to purchase the 2,000 hard drives at $10 per unit will be the difference between the revenue from Apple and the total variable cost of producing the hard drives, which is $20,000 − $12,000 = $8,000. Hence, the company's rent is $8,000.
(c) The quasi-rent is the company's alternative use of the factory that it has built, so the quasi-rent is the difference between the price it would receive from Apple for hard drives and the price it would receive if it sold the factory for alternative use.Suppose the company can sell the factory for $4,000.
Then, the total investment in the factory becomes $5,000 − $4,000 = $1,000. So, the company's quasi-rent if the deal your company had with Apple in part
(b) falls apart is $20,000 − $12,000 − $1,000 = $7,000. Hence, the company's quasi-rent is $7,000.
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Related Questions
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST PERSONAL & FAMILY FINANCE)
Amanda submitted her taxes, but someone from the IRS called her because they want to talk more about her tax return. What is Amanda MOST likely experiencing?
estimated payment
tax audit
tax deduction
Answers
Answer
tax detection
Explanation:
just is
Explanation:
Why will a manager of a perfectly competitive firm always (both in the short and long run) choose to produce the output quantity Q* where Price = Marginal Cost. Is this rational? Explain your reasoning.
Answers
A manager of a perfectly competitive firm will always choose to produce the output quantity Q* where Price = Marginal Cost because this is the point where the firm maximizes its profits. In the short run, if the price is greater than the marginal cost, the firm will produce more output, and if the price is less than the marginal cost, the firm will produce less output. However, when the price equals the marginal cost, the firm is making the most efficient use of its resources and is maximizing its profits. In the long run, the firm will adjust its production in response to the price and demand in the market. If the price is above the marginal cost, new firms will enter the market, and the increased competition will drive down the price. If the price is below the marginal cost, some firms will exit the market, and the decreased competition will drive up the price. In the long run, the only way for the firm to continue making profits is to produce at the point where the price equals the marginal cost. Overall, it is rational for a manager of a perfectly competitive firm to produce at the output quantity where Price = Marginal Cost because this is the most efficient use of the firm's resources and maximizes its profits.
About DemandDemand is a process of requesting something or a number of items purchased or requested at a certain price and time. Demand relates to consumer desires for goods and services to be fulfilled. And the trend of consumer demand for goods and services is unlimited. Marginal cost is the increase in total cost that comes from producing one unit of production output. If a firm produces 1,000 units, the additional cost of increasing output to 1,001 units is the marginal cost. Profit or profit can be defined in two ways, the first is profit in economics is the difference between income and total costs. Implicit costs include the opportunity costs that occur when firms choose to use certain factors of production.
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What’s the best answers
Answers
which of the following sentences in this language are generated by this grammer?
Answers
If you can provide the grammar rules or specify the language you are referring to, along with the sentences in question, I would be happy to assist you in determining which sentences can be generated by the given grammar.
Grammar rules define the structure and syntax of a language, dictating how words and phrases can be combined to form grammatically correct sentences. By analyzing the rules and applying them to the given sentences, it is possible to determine if the sentences are generated by the grammar or not. However, without the specific grammar rules and sentences, it is challenging to provide a comprehensive answer. Please provide more details.
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How much would leilani need to make in baltimore, maryland to maintain her current lifestyle?
Answers
Determining how much Leilani would need to make in Baltimore, Maryland to maintain her current lifestyle would depend on various factors such as her monthly expenses, savings, debts, and overall financial goals.
To calculate her required income, we would need to take into consideration her monthly rent or mortgage payments, utility bills, food expenses, transportation costs, healthcare expenses, entertainment expenses, and other miscellaneous expenses. If Leilani has any outstanding debts, such as student loans or credit card debts, we would need to factor in those payments as well. Additionally, we would need to factor in her savings goals and any future financial obligations she may have, such as saving for retirement or paying for her children's education. Without knowing Leilani's specific financial situation, it is difficult to determine an exact income she would need to maintain her current lifestyle. However, a financial planner or advisor could help her assess her current financial situation and create a plan to achieve her financial goals.
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According to the bureau of labor statistics, the average american work spends approximately ________ hours working each week. group of answer choices
Answers
According to the Bureau of Labor Statistics, the average American worker spends approximately 34.4 hours working each week. the average American worker spends around 34.4 hours working each week, but it's important to consider individual circumstances and industry-specific norms when discussing work hours.
It's important to note that this average can vary depending on various factors such as industry, occupation, and personal circumstances. Some workers may work more or fewer hours depending on their job requirements or personal preferences.
For example, individuals in certain professions like healthcare or retail may work longer hours due to the nature of their work. On the other hand, some individuals may work part-time or have flexible schedules that allow them to work fewer hours.
Additionally, it's worth mentioning that this average does not include any additional time spent on commuting or other work-related activities outside of regular working hours.
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Franklin corporation issues $97,000, 8%, 5-year bonds on January 1, for $101,370. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is
Answers
Answer:
$3,006
Explanation:
Bond issue = $97,000
Interest rate = 8%
Bond value sold = $101,370
Time period 5 years
N.B The premium will have to be to be discounted from the interest expense because Franklin corporation sold the bond at a value higher than the face value i.e premium value.
Therefore;
Coupon = $97,000 × 8% × 1/2
= $3,880
Amortization of bond premium = ($101,370 - $97,000) /5 years period
= $4,370/5
= $874
Total interest expense
= $3,880 - $874
= $3,006
A fund seeks maximum capital appreciation by investing in common stocks of companies located outside the United States. The management selects well-established companies that are listed on their national stock exchanges and that have demonstrated high earnings potential. This information describes which mutual funds?
Answers
Answer:
ATF Overseas opportunity fund fund
Explanation:
A mutual fund can be described as a from of investment where investors come together to contribute resources towards investment that are managed by experienced professionals to minimize the risks and maximize returns.
There are different types of mutual fund guided by different rules .
The description given in the question best suit the ATF overseas opportunity fund. Even though it is closely related to the ATF capital appreciation fund , but while the ATF capital appreciation fund invests in small and medium sized company, The ATF overseas opportunity fund invest in an already established listed companies that have already demonstrated high earning potential.
ECON pleaseeeeeee helppppppp :((((((((
Answers
Construction of new homes is considered part of: Group of answer choices C) private saving. B) government spending. A) consumption. D) investment spending.
Answers
Answer: (D) Investment spending
Explanation:
Which is a characteristic of judging approach
Answers
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
UNIT 4 ACTIVITY
Maximizing Employee Productivity
There are a lot of factors that determine productivity; one of the most enduring is having the best team of employees working toward the same goals. As you think about the skills the employees in your business should have, think about how you could best divide up labor. Be sure to consider the cost of labor, which can vary greatly even in a single business and includes recruitment, training, salary, and benefits. Remember, the most skilled person should be engaged in tasks and obligations that make best use of their skills, experience, and training. Part of the importance of the division of labor is making sure that everyone is working to their full potential.
Create job descriptions for three of the positions in your business and use them to illustrate how the specific requirements of each position will maximize that employee’s productivity. What skills will this person need? How will these skills be used on the job? How will the other employees work as a team with this employee to maximize productivity? Will this be part time or full-time position? These are the kinds of questions that can help you structure the job description and position to ensure productivity.
You will also need to decide the wage you will offer each new employees as well as the benefits your business will provide them. You can conduct research online to determine how much similar positions pay in your area and the kinds of benefits that come with these positions. Research what taxes will need to be paid and at what percentage of gross employee earnings you will need to withhold from employees’ pay to meet any state regulations, whether or not health insurance is required, and the range of benefits comparable companies offer their employees. Use this information to estimate the actual cost of filling this position. Include three links to comparable positions to illustrate why your strategy will be effective in the current labor market.
Answers
The top five criteria include: "Positive management attitude and involvement," "Proactive personnel," "Good working conditions," "Tools and equipment to enhance output," and "Availability of water, power, and other input supplies."
What does the term "productivity maximization" mean?It denotes increased productivity in a company's or economy's ability to convert resources into goods. Growth in productivity offers us the chance to produce more with fewer resources. Economic growth is fueled by increased productivity, which allows an economy to create and consume an increasing number of goods and services while putting in the same amount of labor.
What are the 4 styles of productivity?The planner, arranger, prioritize, and visualizer are the four main cognitive types or productivity styles.
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The ultimate control of the corporation rests with the ________. A. stockholders B. chief operating officer C. board of directors D. chairperson of Board of Directors
Answers
The correct answer is C. board of directors. The ultimate control of a corporation rests with the board of directors. The board of directors is responsible for making major decisions and setting the overall direction of the company.
They are elected by the stockholders, who are the owners of the corporation. The board of directors oversees the company's management and ensures that it is acting in the best interests of the shareholders. The chief operating officer (COO) is a high-level executive who is responsible for the day-to-day operations of the company. While the COO plays a crucial role in managing the company's activities, they do not have the ultimate control over the corporation. Similarly, the chairperson of the board of directors is an important position, but their role is to preside over board meetings and provide leadership. They do not have absolute control over the corporation.
Therefore, the correct answer is C. board of directors. They have the power to make strategic decisions, appoint executives, and provide oversight to ensure the corporation's success.
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free cash flows (fcfs) depend on the firm's leverage. if the firm uses higher leverage, it can enjoy more corporate tax savings, thus generating higher fcfs for its investors. true false
Answers
False. Free cash flows (FCFs) are the cash flows available to a firm's investors after all necessary expenses, including taxes and investments in capital expenditures and working capital, have been accounted for.
FCFs represent the cash generated by the firm that can be distributed to investors, reinvested in the business, or used to reduce debt.
While leverage (the use of debt) can impact a firm's financial structure and tax obligations, it does not directly affect the generation of FCFs. The level of leverage employed by a firm may result in interest expense deductions, which can lower the firm's taxable income and generate some tax savings. However, this does not necessarily lead to higher FCFs.
The generation of FCFs is influenced by various factors, including operational efficiency, profitability, capital investment decisions, working capital management, and tax planning strategies. Leverage can have implications for the cost of capital and financial risk, but its impact on FCFs is indirect and depends on the overall financial and operational performance of the firm.
Therefore, the statement that higher leverage allows for more corporate tax savings, resulting in higher FCFs for investors, is not universally true. It oversimplifies the relationship between leverage, taxes, and FCFs.
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How much does it cost to operate an 800 watts rice cooker for 30
minutes daily for 30 days at a rate of 40 cents/kWh?
4.90
$5.0
$4.8
$6
50µC charge passes through a cross-
Answers
The cost to operate an 800 watts rice cooker for 30 minutes daily for 30 days at a rate of 40 cents/kWh is $4.80.
Power consumed by rice cooker, P = 800 watts
Time, t = 30 minutes daily for 30 days
Rate of electricity, r = 40 cents/kWh
We need to calculate the cost of operating a rice cooker for 30 minutes daily for 30 days at a rate of 40 cents/kWh.
Total time for which rice cooker is used in 30 days = 30 × 30 minutes = 900 minutes
Total energy consumed by rice cooker in 30 days = P × t
= 800 watts × (900/60) hours
= 12,000 watt-hours
= 12 kWh
Total cost = Energy consumed × Rate of electricity= 12 kWh × 40 cents/kWh
= 480 cents
= $4.80
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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?.
Answers
The total amount earned by the sales rep is $465.
What is the total amount earned?The total amount earned is a function of the total hours worked and the total units sold.
Total amount earned = (pay per hour x number of hours worked) + (pay per item sold x total items sold)
($12 x 20) + ($15 x 15)
$240 + $225 = $465
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A car owner was having problems with her car's brakes. The brake shop to which she brought her car told her that the entire hydraulic brake system needed to be replaced at a cost of $1,800. The car owner agreed to have the work performed, and the shop replaced the brake system. When the car owner picked up the car, she insisted on testing the brakes before paying for the work. During a test drive, the brakes squeaked when compressed but otherwise worked perfectly. The mechanic told the car owner that the squeak would disappear on its own in a few days. The car owner stated that she would pay the shop when the squeak disappeared and left with her car. A month later, the brakes still squeaked and the car owner refused to pay for the work. The shop files suit to collect the $1,800 contract price.
What is the likely outcome of the suit?
A. The car owner must pay the shop the $1,800, because she got the substantial benefit of her bargain.
B. The car owner must pay the shop the $1,800, but is entitled to set off the amount necessary to fix the squeak.
C. The car owner does not have to pay the shop anything, because the squeak amounted to a breach of contract that relieved the car owner of her duty to perform.
D. The shop must "cure" by providing the car owner with a new set of brakes that do not squeak, after which the car owner must pay the shop the $1,800.
Answers
The car owner must pay the shop the $1,800 but is entitled to set off the amount necessary to fix the squeak. The shop must "cure" by providing the car owner with a new set of brakes that do not squeak, after which the car owner must pay the shop the $1,800.
In this scenario, the car owner agreed to have the entire hydraulic brake system replaced by the shop at a cost of $1,800. However, when she tested the brakes after the work was done, she noticed that they squeaked when compressed. The mechanic assured her that the squeak would disappear on its own in a few days. However, a month later, the squeak still persisted. As a result, the car owner refused to pay for the work.
In this situation, the car owner is entitled to set off the amount necessary to fix the squeak from the $1,800 contract price. This means that she should pay the shop the remaining amount after deducting the cost of fixing the squeak. Additionally, the shop has a responsibility to "cure" the issue by providing the car owner with a new set of brakes that do not squeak. Only after the issue is resolved should the car owner pay the shop the full $1,800.
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Why is Netflix's stocks going down?
Answers
Answer:
Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.
Explanation:
Hope this helpes.
bethesda water has an issue of preferred stock outstanding with a coupon rate of 5.40 percent that sells for $94.70 per share. if the par value is $100, what is the cost of the company's preferred stock?
Answers
A preferred dividend is one that is gathered and paid on an organization's favored offers. The expense of the organization's preferred dividend = 4.72%
Given: Bethesda Water has an issue of Preferred stock extraordinary with a coupon pace of 4.30 percent
i.e. dividend = 4.30%
Price of a share = $91.18
Since, the cost of the company's preferred stock = (dividend) ÷ (Price of a share ) x 100
= (4.3) ÷ ($91.18) x 100
= 0.0472 x 100
= 4.72%
Subsequently, the expense of the organization's preferred dividend = 4.72%
Preference shares are association stock with benefits that are paid to financial backers before typical stock benefits are paid out. Their profit installments take inclination over normal offers.
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Cash dividends, treasury stock, and statement of retained earnings C3 P2 P3 Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Common stock-$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Pald-in capital in excess of par value, common stock $400,000 60,000 270,000 Retained earnings Total stockholders' equity $730,000 During the current year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 2,000 of its treasury shares at $24 cash per share. Aug 22 Sold 2,000 of its treasury shares at $16 cash per share. Sep. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year
Answers
1. Journal Entries:
Jan. 2:
Treasury Stock (4,000 shares x $20) 80,000
Cash 80,000
(To record the purchase of treasury stock)
Jan. 5:
Retained Earnings 80,000
Dividends Payable 80,000
(To record the declaration of cash dividends)
Feb. 28:
Dividends Payable 80,000
Cash 80,000
(To record the payment of cash dividends)
July 6:
Cash 48,000
Treasury Stock (2,000 shares x $24) 48,000
(To record the sale of treasury stock)
Aug. 22:
Cash 32,000
Treasury Stock (2,000 shares x $16) 32,000
(To record the sale of treasury stock)
Sep. 5:
Retained Earnings 80,000
Dividends Payable 80,000
(To record the declaration of cash dividends)
Oct. 28:
Dividends Payable 80,000
Cash 80,000
(To record the payment of cash dividends)
Dec. 31:
Income Summary 388,000
Retained Earnings 388,000
(To close the credit balance in Income Summary to Retained Earnings)
2. Statement of Retained Earnings for the current year ended December 31:
Retained Earnings, January 1 $730,000
Add: Net Income (from Income Summary) $388,000
Less: Cash Dividends Declared and Paid (80,000 + 80,000) $160,000
Retained Earnings, December 31 $958,000
3. Stockholders' Equity Section of the balance sheet as of December 31 of the current year:
Stockholders' Equity:
Common Stock ($10 par value, 40,000 shares issued and outstanding) $400,000
Paid-in Capital in Excess of Par Value, Common Stock 60,000
Treasury Stock (4,000 shares at cost: 2,000 shares sold at $24 and 2,000 shares sold at $16) (80,000)
Retained Earnings 958,000
Total Stockholders' Equity $1,338,000
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Select the correct answer.
Which of the following is a good resource to help you find a job opening?
A.
Employment offices
B.
Online sources
C.
Family, friends, and other contacts
D.
All of the above
Answers
Answer:
D All of the above
Explanation:
which items are part of a thorough market summary? (check all that apply.)
Answers
International Growth Opportunities, Potential sales through international expansion and an analysis of important marketplace trends are the Items that are the part of a tho-rough market summary. Market summary provides a concise overview of the entire marketing actions of your brand.
What do you mean by market summary?A market summary is a brief syno-psis of a commercial or indust-rial market. Its aim is to provide a current snap-shot of a market in order to better under-stand it's key feat-ures. These summary reports pro-file the import-ant criteria of a mark-et so as to inform further market-ing activity.
A market summary is the ess-ence of a market-ing plan. The market summary out-lines, points out or high-lights important points.
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the charter of a corporation provides for the issuance of 118,683 shares of common stock. assume that 38,074 shares were originally issued and 4,727 were subsequently reacquired. what is the amount of cash dividends to be paid if a $2-per-share dividend is declared?
Answers
The amount of cash dividends to be paid when a $2-per-share dividend is declared is $66,694.
To calculate the cash dividends to be paid when a $2-per-share dividend is declared, you need to consider the number of outstanding shares. Outstanding shares are the shares that have been issued and are currently held by shareholders.
First, find the number of outstanding shares by subtracting the reacquired shares from the originally issued shares:
38,074 (originally issued) - 4,727 (reacquired) = 33,347 (outstanding shares)
Next, multiply the number of outstanding shares by the declared cash dividend per share:
33,347 (outstanding shares) x $2 (cash dividend per share) = $66,694
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Help Pls!!!
Identify two ways households impact the economy?
Identify two ways firms/businesses impact the economy?
Identify two ways government impacts the economy?
Answers
2. They can pay people and make money for the economy.
3. Through fiscal policy, it uses its power to tax and to spend.
Kerr Company's account balances at December 31 for Accounts Receivable and Allowance for Doubtful Accounts were $2,100,000 and $20,000 (Cr.), respectively. An aging of accounts receivable indicated that $170,000 are expected to become uncollectible. The amount of the adjusting entry for bad debts at December 31 is
Answers
Answer:
$150,000
Explanation:
Calculation to determine what The amount of the adjusting entry for bad debts at December 31 is
Using this formula
Bad debts=Accounts receivable-Allowance for Doubtful Accounts
Let plug in the formula
Bad debts=$170,000-$20,000
Bad debts=$150,000
Therefore The amount of the adjusting entry for bad debts at December 31 is $150,000
dr. qiang, a professor at a local university, has been working with union leaders and management at fairlawn corporation to help the two sides resolve differences over desired wage levels for a new contract. first, he met with each side privately to determine any common ground for agreement. for the past week, he has worked with representatives from each side to promote communication and compromise at the bargaining table. dr. qiang is a(n)
Answers
Dr. Qiang is a mediator
A mediator is a neutral third party who helps two or more conflicting parties resolve their differences through facilitated communication and negotiation. In the scenario you described, Dr. Qiang is acting as a mediator by meeting with both the union leaders and the management of Fairlawn Corporation separately to understand their perspectives and identify common ground for agreement.
Then, he is working with representatives from both sides to promote communication and compromise at the bargaining table. By doing so, he is helping both sides reach a mutually agreeable resolution to their conflict.
Mediators often have specialized training and expertise in conflict resolution, communication, and negotiation techniques, and they are skilled at helping parties find creative solutions to complex problems.
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Which emotion is an employee most likely to communicate to a customer on the telephone if the employee begins to talk more quickly and loudly in response to the customer's questions? o encouragement O satisfaction O impatience O clarity
Answers
Answer:
Impatience
Explanation:
The employee speaking faster is telling the customer that they are in a hurry.
if the employee begins to talk more quickly and loudly in response to the customer's questions It will make customer feel impatience . Hence option C is correct .
What is Impatience talk ?It is impatience because this feeling exhibits signs like speaking loudly and fast to convey that your message is obvious but also that you are weary of discussing anything at the same time.
When someone is impatient, they lose patience and start speaking quickly to finish anything they first feel they have repeated or that they just don't want to say.
How to talk with your Customer ?You must always keep a professional attitude and manner when dealing with clients. Not just what you say, but also how you say it and how you carry yourself are part of this. Without the appropriate subtlety and business etiquette, communicating with a client could result in your firm losing business. discovering
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Why do some auto insurance customers want medical coverage for their
policies?
A. To help find the best hospital to care for people they injured in a
car accident
B. To keep from having to make a co-pay in case of a minor injury
after an accident
C. To avoid having to pay for hospital bills resulting from an accident
they cause
D. To prevent uninsured motorists from suing them for injuries they
cause
Answers
9514 1404 393
Answer:
C. To avoid having to pay for hospital bills resulting from an accident they cause
Explanation:
The purpose of any sort of insurance is to limit or eliminate the policy-holder's liability. Medical insurance in an auto policy pays for medical bills the policy-holder might otherwise be liable for as a consequence of an auto accident.
The Fed wants to fight inflation. What action should they take regarding the discount rate, the RR, or open market operations?
Answers
Answer: See explanation
Explanation:
Inflation is when there's a general increase in the price level in an economy. To tackle inflation, the Fed can increase the interest rate as this will discourage people or firms from borrowing and hence there'll be a reduction in the money supply.
Also, the Fed can sell bond to the public, thereby taking in the cash in the economy and reducing the money supply thus reducing inflation. Lastly, the Fed can also increase the reserve ratio for banks. When this is done, there'll be lesser money available in the economy.
To maintain the value of the data warehouse, we need to accommodate any change that happens in the business model
True or False
Answers
True. In order to maintain the value of a data warehouse, it is crucial to accommodate any changes that occur in the business model.
Data warehouse refers to a centralized repository that stores large volumes of structured and unstructured data collected from various sources within an organization.
It is designed to support analytical processing, reporting, and decision-making. The data warehouse provides a consolidated and integrated view of data, enabling users to analyze trends, extract insights, and make informed business decisions.
By organizing and structuring data in a consistent manner, a data warehouse facilitates data governance, data quality management, and data accessibility.
It acts as a valuable asset for businesses, promoting efficient data management and enhancing strategic decision-making capabilities.
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