(a) To compare the expected value of house sales price (E(Y₁)) in the South with the price elsewhere, we need to consider the coefficient B₄ and its interpretation. In the given linear regression model, B₄ represents the effect of the interaction between the location dummy (D₁) and the size of the house (X₂i).
If D₁ equals 1 for houses in the South and 0 for houses elsewhere, the coefficient B₄ captures the additional effect of the size of the house in the South compared to houses elsewhere.
So, the expected value of house sales price in the South (E(Y₁ | D₁ = 1)) can be expressed as:
E(Y₁ | D₁ = 1) = B₁ + B₂X₂i + B₃X₃i + B₄(1)X₂iSimilarly, the expected value of house sales price elsewhere (E(Y₁ | D₁ = 0)) can be expressed as:
E(Y₁ | D₁ = 0) = B₁ + B₂X₂i + B₃X₃i + B₄(0)X₂i = B₁ + B₂X₂i + B₃X₃iThe difference in the expected values, E(Y₁ | D₁ = 1) - E(Y₁ | D₁ = 0), represents the additional effect of being in the South compared to elsewhere, considering the size of the house.
(b) To calculate the change in sales price of a house in the South when a 10m²-room is added (assuming everything else held constant), we need to consider the coefficient B₃ and its interpretation. In the given model, B₃ represents the effect of the number of rooms (X₃i) on the sales price.
So, the expected change in sales price for a 10m²-room added to a house in the South can be calculated as:
Change in Sales Price = B₃ * (10m²)(c) To obtain the estimate of the change in sales price of a house in the South when a 10m²-room is added, we need to refer to the regression equation and the corresponding coefficient estimates. The estimated regression equation is given as:
Î₁ = 12 + 20X₂i + 10X₃i + 5D₁X₂iFrom this equation, the coefficient B₃ represents the effect of the number of rooms (X₃i) on the sales price. Therefore, the estimate of the change in sales price for a 10m²-room added to a house in the South would be the coefficient B₃ multiplied by 10.
(d) To test the significance of 34 with a 5% significance level, we need to refer to the standard errors (in parentheses) provided in the regression output. We can calculate the t-statistic for the coefficient estimate and compare it to the critical value from the t-distribution.
(e) The R² of this regression represents the proportion of the total variation in the dependent variable (sales price) explained by the independent variables (size, number of rooms, and location dummy) in the model.
(f) The adjusted R² is a modified version of R² that takes into account the number of independent variables and the sample size. It penalizes the inclusion of unnecessary variables in the model and is typically lower or equal to R². To determine if the adjusted R² is greater than R², we need to compare the values.
(g) To test the overall significance of the model based on the estimates, we can perform an F-test. The test statistic follows an F-distribution, and we compare it to the critical values from the F-distribution based on the degrees of freedom.
(h) To calculate the OLS estimator of o² (the error variance), we need to refer to the regression output. The OLS estimator of o² can be obtained as the sum of squared residuals (RSS) divided by the degrees of freedom (n - k), where n is the number of observations and k is the number of independent variables in the model.
Please note that without the specific values of the coefficients, standard errors, and other relevant information from the regression output, it is not possible to provide precise answers to parts (d), (e), (f), (g), and (h) of the question.
About CoefficientIn mathematics, a coefficient is a factor multiplying several terms of a polynomial, series, or expression; usually a number, but can be any expression. In the latter case, the variables appearing in the coefficients are often called parameters, and must be clearly distinguished from other variables.
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Formulate and answer a True/False question for each of the following topics:
a. Integer Optimization – Binary Constraint Types
b. Integer Optimization – Fixed Charge Model and Excel Solving
c. Project Scheduling – Impact of shortening an activity
d. Project Scheduling – Impact of delaying an activity
a. In Integer Optimization, binary constraint types restrict variables to only take on values of 0 or 1. True.
b. The Fixed Charge Model is a type of Integer Optimization problem and can be solved in Excel using the Solver add-in.
True.
c. False. Shortening an activity in a project schedule may not always result in a reduction of the project duration if the shortened activity is not on the critical path.
d. True. Delaying an activity in a project schedule will always result in an increase in the project duration, as it will push back the start and end dates of subsequent activities.
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debt consolidation allows you to:
Debt consolidation allows you to convert many of your debts into one loan payment.
Debt consolidation is the process of obtaining a new loan or credit card in order to pay off multiple older loans or credit cards. You could also be able to get better terms for paying off your debts by consolidating them into one, larger loan, such a lower interest rate, smaller monthly payments, or both.
The process of paying off several debts with a single loan or credit card is known as debt consolidation. A possible lower interest rate and smaller monthly payments are two advantages of debt consolidation.
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True or False: Stores should train employees on how to spot shoplifters.
a.true
b.false
Answer:
a
Explanation:
need the text
Answer:
True because there are so many people shoplifting now and no one can tell who is shoplifting.
What does the balance sheet summarize for a business enterprise?
(a) Operating results for a period.
(b) Financial position at a point in time.
(c) Financing and investment activities for a period.
(d) Profit or loss at a point in time.
The balance sheet is a financial statement that summarizes the financial position of a business enterprise at a particular point in time. So option b is a correct one.
It provides a snapshot of the company's assets, liabilities, and equity. The assets represent what the company owns, such as cash, inventory, property, and equipment. The liabilities represent what the company owes, such as loans, accounts payable, and accrued expenses. The equity represents the residual interest of the owners in the business after the liabilities have been paid off. The balance sheet helps investors and analysts to evaluate the financial health of a company, its liquidity, solvency, and ability to meet its obligations. Unlike the income statement, which summarizes the operating results of a period, the balance sheet does not reflect profits or losses. Instead, it provides a snapshot of the company's financial position at a specific point in time.
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Do you think business practices will become standardized across cultures as the global marketplace continues to flourish? Why or why not?
Answer:
Most likely yes
Explanation:
Business practices do depend on local cultures, but they are also very sensitive to standardization since business across the world have the base basic objective: to increase economic value, and this value is measurable.
As globalization advances, firms all over the world will seek the best financial, operative, and human resource practices in order to increase economic value, and this practices will be available to a global audience mainly in the form of quantitative data and strategies that can be adapted to any firm no matter where it is located.
A high-net-worth investor is seeking your advice as an experienced portfolio manager on what portfolio management strategies to adopt for fixed-income investing vs. equity investing. i. inform the investor of the type of portfolio manager you are, your goals as a portfolio manager and the strategies you can employ to both fixed income and equity investments. [25 marks] ii. the investor is concerned about the term structure of interest rates and how credit ratings can affect their portfolio. critically discuss.
She ought to put money into a money market fund.An open-ended mutual fund called a money market fund invests in short-term debt instruments.
Like bank deposits, money market funds are typically thought of as being quite safe and offering a greater rate.When investing in mutual funds, money from investors is collected, invested in stocks, bonds, and other assets, and then the portfolio is managed on behalf of the investors.An investment vehicle known as a mutual fund pools the money of its shareholders to buy securities including stocks, bonds, money market instruments, and other assetsMutual funds are managed by qualified money managers who distribute the assets with the goal of boosting investors' income or capital gains.Mutual Fund Shares: When Can They Be Sold?Mutual fund shares are thought of as liquid assets that may be sold whenever you want, but you should carefully check the fund’s exchange and redemption fee policies. Tax consequences from capital gains from mutual fund redemptions are also possible.
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Industrial production, total sales, nonfarm employment, and after-tax household income are examples of ______ indicators of economic activity.
Industrial production, total sales, nonfarm employment, and after-tax household income are examples of lagging indicators indicators of economic activity.
Industrial production, total sales, nonfarm employment, and after-tax household income are examples of lagging indicators of economic activity. Lagging indicators are economic variables that tend to change after the overall economy has already started to experience a shift. They reflect the past performance of the economy and provide insights into the current state of economic activity. Lagging indicators are useful for confirming trends and providing a retrospective view of economic conditions.
In the context of the given examples, changes in industrial production, total sales, nonfarm employment, and after-tax household income typically occur after broader economic changes have already taken place. These indicators help economists and policymakers assess the overall health and direction of the economy, but they may not be as helpful in predicting future economic trends.
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Kubin Company’s relevant range of production is 12,000 to 16,000 units. When it produces and sells 14,000 units, its average costs per unit are as follows:
Direct materials $ 7.30
Direct labor $ 4.30
Variable manufacturing overhead $ 1.80
Fixed manufacturing overhead $ 5.30
Fixed selling expense $ 3.80
Fixed administrative expense $ 2.80
Sales commissions $ 1.30
Variable administrative expense $ 0.80
Required:
1. If 12,000 units are produced and sold, what is the variable cost per unit produced and sold?
2. If 16,000 units are produced and sold, what is the variable cost per unit produced and sold?
3. If 12,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
4. If 16,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
5. If 12,000 units are produced, what is the average fixed m
Answer:
1. If 12,000 units are produced and sold, what is the variable cost per unit produced and sold?
variable cost per unit = $7.30 + $4.30 + $1.80 + $1.30 + $0.80 = $15.502. If 16,000 units are produced and sold, what is the variable cost per unit produced and sold?
variable cost per unit = $7.30 + $4.30 + $1.80 + $1.30 + $0.80 = $15.503. If 12,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
$15.50 x 12,000 = $186,0004. If 16,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
$15.50 x 16,000 = $248,0005. If 12,000 units are produced, what is the average fixed m
average fixed manufacturing cost = ($5.30 x 14,000) / 12,000 = $6.1833 average fixed selling expense = ($3.80 x 14,000) / 12,000 = $4.4333average fixed administrative expense = ($2.80 x 14,000) / 12,000 = $3.2667total fixed expenses per unit = $13.8833Mike buys a real estate property from Message United, Inc. The transfer is
not likely to be valid unless:
1- the deed is recorded.
2- Message United provides a warranty deed.
3- Message United provides a quit claim deed.
4- the property is specifically described in the contract.
While Mike buys a real estate property from Messages United Inc., the transfer is not likely to be valid if the deed is recorded. The correct answer is option 1.
Recording a deed is a crucial step in ensuring the validity of a real estate transaction. When a property is sold, the seller must transfer ownership of the property to the buyer through a deed.
The deed must be signed by both the buyer and the seller, and it must include a legal description of the property being transferred.
Recording the deed means that the document is filed with the county recorder's office where the property is located. This step is essential because it provides public notice that the property has changed hands and who the new owner is.
In summary, recording the deed is a critical step in ensuring the validity of a real estate transaction. It protects the buyer's investment and provides public notice of the change in ownership. Therefore, it is essential to ensure that the deed is recorded after a real estate transaction is completed.
Hence, option 1 is the right answer.
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Gertrude takes out a $5,500 subsidized Stafford loan, which must be paid back in ten years. Gertrude will graduate four years after taking out the loan. If the loan has an interest rate of 6. 8%, compounded monthly, and Gertrude makes monthly payments, how much interest will she pay by the time the loan is repaid? Round all dollar values to the nearest cent. A. $4,462. 40 b. $1,213. 28 c. $1,713. 69 d. $2,094. 80.
The interest is the amount of payment that is given by the borrower to the lender of money, it is the excess amount that is paid for the use of money.
The amount of interest that Gertrude would pay is $2,908 to repay the total amount of the loan.
What is interest?Interest is the monetary charge for acquiring money, and it is mostly shown as a percentage, such as an annual percentage rate (APR).
Interest is the excess amount that is paid by the lender to use his money on a certain percentage, and it is repaid with the amount of principal.
Computation of Interest:
Given that,
Principal(P) = $5,550,
Interest Rate(i) = 6.8%,
\(\text{i} = \dfrac{6.8}{12\times100}\\\\\text{i} =0.005667\)
Number of monthly Installments(n)= 10×12 = 120.
Here, we apply the formula of E.M.I (Equated Monthly Installment):
\(\text{E.M.I.}= \dfrac{P\times i\times (1+i)^n}{(1+i)^n-1}\\\\\\\text{E.M.I.}=\dfrac{\$5,500\times 0.005667\times (1+0.005667)^1^2^0}{(1+0.005667)^1^2^0-1}\\\\\\\text{E.M.I.}=\$63.29\)
Here, the total installments of the loan are 120,
then the amount of total payment would be:
\(120\times\$63.29= \$7,594\)
Then, the amount of interest that is paid on the loan would be:
\(\text{Amount -Principal}= \text{Interest}\\\\\$7,594.28-\$5,500= \$2,094.28\\\\\\\text{Interest}= \$2,094.28\)
Therefore, the total amount of interest that Gertrude has to pay is $2,097.28.
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Consider jasper’s balance sheet. what is the total value of jasper’s assets? what is the total value of jasper’s liabilities?
The entirety of your cash, the things you've bought, plus the money your clients owe you make up your assets. The total amount of money you owe creditors is your liabilities.
The whole value of the assets you own less the total amount of liabilities you owe equals your owner's equity, net worth, or capital.
Total liabilities are computed as the total of current liabilities and non-current liabilities, such as wages and interest due (e.g., long-term debt).
The total of all current and long-term liabilities from the balance sheet is known as the book value of total liabilities ($). Sales ($) = Income (including other income) from the Income Statement.
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Answer:
assets: $15,800
liabilities: $4,400
Explanation:
Complete the statement.
Steve has joined as a trainee manager at a convenience store. His superior has noticed that he does not fill out his time sheet accurately and so he does not show
_________.
Also, Steve always leaves much of his work undone. The superior has concluded that Steve will not prove to be a _________ employee for the organization.
options for first space: punctuality, confidentiality, honesty
options for second space: honest, reliable, punctual
Answer:
Honesty; reliable.
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
In this scenario, Steve has joined as a trainee manager at a convenience store. His superior has noticed that he does not fill out his time sheet accurately and so he does not show honesty. Honesty is the act or quality of being honest and sincere with one's actions and words (statement).
Also, Steve always leaves much of his work undone. The superior has concluded that Steve will not prove to be a reliable employee for the organization. Reliable is the quality of an individual to be credible, dependable and trustworthy to others.
For Sunland Company, variable costs are 70% of sales, and fixed costs are $226,200. Management’s net income goal is $87,000. Compute the required sales in dollars needed to achieve management’s target net income of $87,000. (Use the contribution margin approach. )
Sunland Company needs to achieve sales of $1,044,000 to cover both fixed costs and reach their target net income of $87,000 using the contribution margin approach.
In order to compute the required sales in dollars needed to achieve Sunland Company's target net income of $87,000 using the contribution margin approach, we will follow these steps:
1. Calculate the contribution margin ratio: This is the percentage of each sales dollar that is available to cover fixed costs and contribute to net income. To find this, we first need to determine the variable cost ratio (70% of sales) and then subtract it from 100%.
Contribution Margin Ratio = 100% - Variable Cost Ratio = 100% - 70% = 30%
2. Calculate the total contribution margin needed to cover fixed costs and achieve the target net income: In this case, we need to cover both the fixed costs of $226,200 and the desired net income of $87,000.
Total Contribution Margin Needed = Fixed Costs + Target Net Income = $226,200 + $87,000 = $313,200
3. Calculate the required sales in dollars: Divide the total contribution margin needed by the contribution margin ratio to determine the sales needed to achieve the target net income.
Required Sales = Total Contribution Margin Needed / Contribution Margin Ratio = $313,200 / 0.3 = $1,044,000
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
f interest rates rise but the quantity of loanable funds demanded and supplies remains constant, this implies that Group of answer choices the demand for loanable funds decreased while the supply increased. both the demand and the supply of loanable funds increased. both the demand and the supply of loanable funds decreased. the demand and the supply of loanable funds both remained the same. the demand for loanable funds increased while the supply decreased..
Answer:
The demand and the supply of loanable funds both remained the same.
Explanation:
If the interest rates rise, but both demand and supply of loanable funds remanin constant, this means that demand and supply remained the same.
This would be a problem in the real world, because when interest rates rise, what should happen is that the supply of funds rise, while demand falls, because a rise in interest rates makes investment more expensive since interset rates are simply the price of the loanable funds.
What type of business makes physical goods that customers can see or touch?
Internet service provider
banking industry
manufacturing industry
commodities industry
Manufacturing industry, type of business makes physical goods that customers can see or touch. Thus, option (c) is correct.
The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based.
Manufacturing industry is a type of business that can produced the goods (product) are tangible form. Manufacturing industry produced two types of goods such as consumer goods and industrial goods. Customer can easily touch and feel the product.
As a result, the significance of the type of business makes physical goods that customers can see or touch are the aforementioned. Therefore, option (c) is correct.
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On July 1, a company paid the $4,800 premium on a one-year insurance policy with benefits beginning on that date. What will be the insurance expense on the annual income statement for the first year ended December 31? Multiple Choice $2,400. $3,600. O $4,800. O $1,200.
the insurance expense on the annual income statement for the first year ended December 31 will be $2,400 .
Given the following information: On July 1, a company paid the $4,800 premium on a one-year insurance policy with benefits beginning on that date. We have to calculate the insurance expense on the annual income statement for the first year ended December 31.Insurance expense refers to the amount that a company pays for its insurance policy for a particular period. Insurance expense is an example of a prepaid expense as the insurance policy is paid in advance, but the expense is recognized when the benefits of the policy are received.Therefore, the insurance expense for the year ended December 31 would be $2,400.Option A: $2,400.Therefore, the correct answer is Option A: $2,400. The premium is for a one-year policy. As of December 31, the company will have six months left of the policy (January through June of the next year). As such, the insurance expense on the annual income statement for the first year ended December 31 will be $2,400 ($4,800/2).
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Which of the following is NOT regulated by the government?
Local employment agencies
Public schools
Private schools
Funding for retraining of workers
Answer:
Funding for the retraining of workers
Explanation:
Funding for the retraining of workers is a function internal to an organization that has to do with the retraining of workers towards a continuous profession development in upgrading and acquisition of new skills .
While other options in the question are under the regulation of the government, the funding for retraining of workers is left at the discretion of the employer or organization. This is why we have discrepancies in the approaches of different organization to this function.
Give an example of reframing a problem by using the ‘Clarify the Problem and Goals’
worksheet in It’s Learning. Create the worksheet in your word document, make sure to
fill it out to show that you understand how to reframe the problem.
Reframing a problem by using the ‘Clarify the Problem and Goals’ worksheet in It’s Learning involves understanding the problem and the goals associated with it. This can be done by breaking down the problem into smaller pieces and looking at it from different angles.
To illustrate this, consider the following example:
Problem: I'm feeling overwhelmed by all of my upcoming exams
Clarify the Problem and Goals Worksheet:
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A network security device that monitors incoming and outgoing network traffic and decides whether to allow or block specific traffic based on a defined set of security rules.
Answer:
Firewall.
Explanation:
Firewall can be defined as a network security device that monitors incoming and outgoing network traffic and decides whether to allow or block specific traffic based on a defined set of security rules.
Simply stated, a firewall is a network security protocol that monitors and controls inbound and outbound traffic based on set aside security rules.
A firewall is used to control access to a computer or network, as it creates a barrier between a computer or a network and the internet in order to protect against unauthorized access.
Basically, it is a network security device or security system pre-installed on most computers to essentially inspect data being transmitted to or from a computer.
Hence, firewalls are typically bidirectional, it checks all sent and received data and only allow authorized traffic through.
Answer:
Firewall.
Explanation:
Hope this helps
In general, revenue is recognized when: Multiple Choice goods are shipped. an entity satisfies a performance obligation.Correct it is recorded in the sales journal. it is received in cash.
Revenue is recognized when an entity satisfies a performance obligation.
This means that revenue is recognized when a company has delivered goods or services to a customer, and the customer has accepted and is obligated to pay for those goods or services.
The revenue is recognized at the point in time when the performance obligation is satisfied, which may be at a single point in time or over a period of time.
Recognition of revenue is not dependent on goods being shipped, recorded in a sales journal, or received in cash. These activities may be related to revenue recognition, but they are not the criteria for recognizing revenue.
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whats mnbhkbhbhjbhbhkb
You are the executive director of the local animal humane society. A staff member you supervise has been working at the society for less than one year. At the 6-month, you discuss with this employee that they seem to have mastered the basic tasks of the job but not the more difficult tasks. You have noticed lately that they seem a bit disillusioned about the job and the process of caring for these animals that seem so sad to be in the facility. Based on the Situational Leadership Approach, which leadership style should you exhibit
Answer: Delegation
Explanation:
Delegation is one of the beauty of leadership. When a leader leads and wants to do everything, those under him would find it growing or come out of their shells but delegation would bring them out of those shell, expose them and expose or display the leader in them.
Another thing delegation does while making people lead is that it makes them value the products, job or organization than how they saw it previously.
As an executive director, I would love to delegate so they take those tough roles important
This tectonic plate pushes against the Eurasian plate to form the Alps and other geographical features
Answer:
African
Explanation:
Which multimedia and interactive elements do you think would best support your viewpoint on the topic you chose for your blog? Write two to four sentences explaining what multimedia and interactivity you will use and why.
Answer:
I will use images and details from credible websites, which will boost my own credibility and support my claim. I will also use charts and graphs from trusted web resources, such as government and university sites, to make my supporting evidence clear
Explanation:
I took the test
Brainiest???
The Use of videos, audios, and images in the blog will not only make it attractive but also make it credible.
Best Way to Write BlogTo write a credible and attractive blog we need to use multimedia such as videos, images, link of credible websites. We can also use other elements which can autocorrect grammer mistakes, can easily provide best charts and graphs.
The use of these elements can give a better outlook to our blog, and also create a sense of trust and credible information.
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At Frank's company, the strength of the organizational structure is that the results are based on
the effectiveness of the managers, but its main weakness is costs can be increased due to a
decrease in efficiency. This is an example of which structure?
Osimple
O functional
O divisional
O matrix
Answer:
divisional
Explanation:
-A simple structure s a structure in which there is little specialization and there is a central authority that controls everything and has the power.
-Functional structure is a structure in which a company is divided in groups according to specialized activities. Because of this specialization, companies with this structure can increase productivity but the communication is rigid and the cooperation between departments is difficult.
-Divisional structure is a structure in which there are different divisions and each one concentrates on a specific product or service and has all the functions and resources for that. This structure can create inefficiencies because the specialized functions are separated but the results of one division don't affect the other ones.
-Matrix structure is a structure in which employees report to more than one manager and it is used in companies that have different lines to have more flexibility and increase productivity.
According to this information and the statement, the answer is that this is an example of divisional stucture because in this structure each division has its own resources and specialized functions and because of that the results are based on the effectiveness of the managers but as each division has its own specialized functions, this creates inefficiencies.
Give (2) examples how we deal with "Scarcity"
Answer:
Either increasing supply or lowering demand
Explanation:
increasing supply:
e.g. when less developed countries (LDCs) experience a famine or drought, other countries can supply food and/or water to them
lowering demand:
finding alternative solutions of the product (that have the same effect as the original product) or reducing the reasons for why there is a high demand
- e.g. crops not growing well due to weather/crop disease going around -> find a crop that is more resistant to the disease (reducing reasons for demand)
- e.g. rice field has an infestation -> not yielding enough rice to feed the population -> population feels hungry and other foods cannot help them feel full/sustain them -> find another crop to substitute, like yam or potatoes that are equally filling (alternative solutions)
but these two are pretty much the same so
also please note I don't take any courses on supply and demand other than geography so I might be completely wrong
I will give out the brain thing (idk what it’s called) to whoever has the best answer on getting it. It can be serious, funny, sad, etc. Good luck!
i smashed my step sister and my step mom. is that good enough?
19) Which accurately describes an initial public offering (IPO)?
A) government takeover of a business
B) establishment of a new business
C) first sale of stock to the public
D) beginning of the productive process
"Question 31When under pressure, whether due to time, cost, oravailability of information, managers often made ______decisions.A. maximizingB. minimizingC. rationalizingD. satisfice"
When under pressure, whether due to time, cost, or availability of information, managers often made satisfice decisions. Answer is option D.
In decision-making, satisfice is a heuristic, a rule of thumb, a mental shortcut, or a practical method that allows an individual to promptly select the option that is satisfactory or "good enough." Managers often make decisions that aren't ideal due to a lack of information, time, or resources, and they frequently resort to satisficing.
Decision-making is a crucial component of management. Managers make decisions on a daily basis that have far-reaching consequences for their organization's future. However, several factors, such as a lack of data, time constraints, or budget restrictions, may prevent managers from making the best decision.
Satisficing is a form of decision-making that results in selecting the first option that appears to be adequate to solve the problem or fulfill the requirement. Answer is option D.
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