.What do you think should be done in a situation when the price for an essential product (name the product and explain why you believe to be "essential" in your post!!) is rising rapidly? Put the name of the essential product in your subject line. Do not choose gasoline!
Now answer each of the following questions either "Yes" or "No," giving reasons in each case!
1. Is it right for businesses to earn fat profits on goods that people rely on? (Yes/No) Why?
2. Is it right for the government to intervene in such circumstances? (Yes/No) Why?
3. Should the government always intervene? Never ever intervene? (Yes/No) Why do you think so?
Answers
When faced with rapidly rising prices of essential products like prescription medications, it is important to address the issue of excessive profits, consider government intervention to protect affordability and accessibility, and approach intervention on a case-by-case basis to strike a balance between societal welfare and market dynamics.
Subject: Rising Prices of Prescription Medications
In a situation where the price for an essential product, such as prescription medications, is rising rapidly, several considerations arise regarding the actions that should be taken. Prescription medications are considered essential because they play a crucial role in maintaining and improving the health and well-being of individuals, often serving as a necessity for managing chronic conditions or treating acute illnesses.1. Is it right for businesses to earn fat profits on goods that people rely on? (No)
No, it is not right for businesses to earn excessive profits on essential goods that people rely on. When the price of an essential product like prescription medications increases rapidly, it can lead to financial burdens for individuals and communities who depend on these medications for their health. Excessive profits in such cases can be seen as exploiting the vulnerability and necessity of individuals, which goes against the principles of fairness and social responsibility.
2. Is it right for the government to intervene in such circumstances? (Yes)
Yes, it is appropriate for the government to intervene in such circumstances. Government intervention can take various forms, including regulation, price controls, or negotiating with pharmaceutical companies to ensure affordability and accessibility of essential medications. The government has a responsibility to protect the welfare and health of its citizens, especially when it comes to essential goods that are necessary for their well-being.
3. Should the government always intervene? Never ever intervene? (No)
No, the government should not always intervene, nor should it never intervene. The decision to intervene should be based on careful consideration of the specific circumstances and the potential impact of intervention on various stakeholders. While intervention may be necessary in cases where the prices of essential products become unaffordable for a significant portion of the population, it should be done judiciously to avoid unintended consequences such as stifling innovation or distorting market dynamics. A balanced approach that considers the interests of both consumers and businesses is essential.
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Product: Medication
1. No, as excessive profits on essential goods harm people's health and access.
2. Yes, as government intervention safeguards citizen welfare through regulations, price controls, subsidies.
3. No, as government intervention should be balanced and context-dependent for effectiveness.
In a situation when the price for an essential product like medication is rising rapidly, it is important to address the issue to ensure access to the product.
1. Is it right for businesses to earn fat profits on goods that people rely on? (No)
No, it is not right for businesses to earn excessive profits on essential goods that people rely on. Essential products, such as medication, are necessary for people's health and well-being. When businesses exploit the demand for such products by charging exorbitant prices, it can lead to financial burdens and limited access for those who require them the most.
2. Is it right for the government to intervene in such circumstances? (Yes)
Yes, the government should intervene in such circumstances to protect the welfare of its citizens. Government intervention can take the form of implementing regulations, price controls, or subsidies to ensure fair pricing and availability of essential goods.
By intervening, the government can prevent price gouging, maintain affordability, and ensure equal access to essential products for all individuals.
3. Should the government always intervene? Never ever intervene? (No)
No, the government should not always intervene, but it should not refrain from intervention when necessary either. Government intervention should be based on the specific circumstances and the impact on society.
It is essential to strike a balance between free market principles and the protection of public interest. In cases where market forces fail to provide fair pricing or accessibility to essential products, government intervention becomes necessary to safeguard the well-being of the population.
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Related Questions
can someone help? it's accounting !
Answers
Answer: i cant see
Explanation:
Fill in the blanks: 1. The situation when law of demand is not applicable is known as it's............ 2. When price of one good affects to the demand for other good, this situation is known as ............... 3. Demand is the effective desire backed by.....................And .....................
Answers
Answer:
1. The situation when law of demand is not applicable is known as it's EXCEPTION.
2. When price of one good affects to the demand for other good, this situation is known as CROSS ELASTICITY OF DEMAND
3. Demand is the effective desire backed by the ABILITY and WILLINGNESS to buy the product.
Explanation:
Demand is a term that is born out of the human desires , wants or needs.
Demand can be defined or referred to as the amount a consumer is able and willing to pay in other to purchase goods and services that they desire or want.
The Law of demand states that the Quantity of goods and services demanded is inversely proportional to the prices of these goods and services. This means when the prices of goods increase, the quantity demanded decreases and when the prices of goods decreases ,the quantity of goods and services demanded increases.
Elasticity of Demand can be defined as the responses or effects of changes in price of goods and services on changes in the quantity demanded.
We have 4 types of Elasticity of Demand
a) Price Elasticity of Demand: This is when the quantity of goods and services demanded is affected by the change in price.
b) Price Elasticity of Supply: This is when the quantity of goods and services supplied is affected by the change in price.
c) Cross Elasticity of Demand: This is when the price of one good affects to the quantity demanded for other good,
d) Income Elasticity of Demand: This when the quantity of goods and services demanded is affected by the changes in the income of the consumer.
There are situations whereby the law of demand is not applicable and this is referred to as it's exceptions. Those situations are:
a) The type of goods and services.
b) When changes in the price of the goods and services is expected by consumers.
c) Changes that occurs in fashion or styles of a particular product ( This is when a product goes out of fashion or the style becomes outdated)
Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $0.75 coming 3 years from today. The dividend should grow rapidly-at a rate of 49% per year-during Years 4 and 5; but after Year 5, growth should be a constant 5% per year. If the required return on Computech is 18%, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent.
Answers
Answer:
The value of the stock today is $7.64.
Explanation:
This can be calculated as follows:
Since required return is 18% (or 0.18), we have:
Present value (PV) of year 3 dividend = $0.75 / (1 + 0.18)^3 = $0.456473154509468
Year 4 dividend = Year 3 dividend * (1 + growth rate in year 4) = $0.75 * (1 + 0.49) = $1.1175
PV of year 4 dividend = $1.1175 / (1 + 0.18)^4 = $0.576394067982294
Year 5 dividend = Year 4 dividend * (1 + growth rate in year 5) = $1.1175 * (1 + 0.49) = $1.665075
PV of year 5 dividend = $1.665075 / (1 + 0.18)^5 = $0.727819628214931
Year 6 dividend = Year 5 dividend * (1 + growth rate in year 6) = $1.665075 * (1 + 0.05) = $1.74832875
Using the Gordon growth model (GGM) formula, we can calculate stock price year 5 as follows:
Stock price at year 5 = Year 6 dividend / (rate of return - Constant annual growth rate after year 5) = $1.74832875 / (0.18 - 0.05) = $13.4486826923077
PV of stock price at year 5 = $13.4486826923077 / (1 + 0.18)^5 = $5.87854315096675
Value of the stock today = PV of year 3 dividend + PV of year 4 dividend + PV of year 5 dividend + PV of stock price at year 5 = $0.456473154509468 + $0.576394067982294 + $0.727819628214931 + $5.87854315096675 = $7.64
Therefore, the value of the stock today is $7.64.
Please I need help!!
Answers
Answer:
A
Explanation:
Verb Phrases Worksheet #3
Change the verb phrase to a strong, descriptive verb phrase for a resume
Answered customer questions
Helped a customer sign up for a loyalty program
Worked a cash register
Listened to customer orders and got them what they wanted
Sell tickets
Put items on shelves
Found expired items and took them out
Cooked cookies
Cooked nachos
Was in a group with other students
Told students what do when baking stuff
Took care of the cat
Took care of the baby
Watched my five year old niece and let her play and eat stuff
Cleaned the house (dusting, cleaning the table and the windows, dishes)
Did the Trash and Recycling and stuff outside
Helped my dad with the oil in our car
Used a computer to type stuff
Write your changed phrase here! Remember for 9-14 there are multiple answers!
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________ _________________
____________________ _________________ __________________
____________________ _________________ __________________
____________________ __________________ _________________
____________________ __________________ __________________ _____________
____________________ ___________________
_____________________ ___________________
Answers
The changed verb phrases are as follows- signing up, working on, listening to, selling, putting, taking ,cooking, cooked, while baking, taking care, watching, have cleaned, do the Trash and Recycling and stuff outside, helping , using.
What are verb phrases?
A verb phrase is a syntactic unit in linguistics that consists of a verb and its arguments, excluding the subject of an independent clause or coordinate clause.
Verb phrases are classified into two types: finite, in which the head is a finite verb, and nonfinite, in which the head is a nonfinite verb, such as an infinitive, participle, or gerund.
Therefore, the changed verb phrases are mentioned above.
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Which of the following is NOT necessary in a catering contract?
O insurance clause
O cancellation clause
O refunds and all fees
staffing and costs of staff
Answers
A Catering Contract is a service agreement between a caterer and a customer that outlines the terms of a catering service occurring over a certain time period for one or more occasions.
What should be included in a catering contract?A Catering Contract is a service agreement between a caterer and a customer that outlines the terms of a catering service occurring over a certain time period for one or more occasions. The catering contract should include normal contract terms and conditions, in addition to the menu and service-related topics, such as:
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Income taxes expense reported on the income statement was $2,500. The beginning balance in Income Taxes Payable was $1,000 and the ending balance was $1,500. Cash paid for taxes during the period is equal to:
Answers
Therefore, the cash paid for Income taxes during the period was $2,000.
To calculate the cash paid for taxes during the period, we need to determine the change in the Income Taxes Payable account from the beginning to the end of the period.
The beginning balance in the Income Taxes Payable account was $1,000 and the ending balance was $1,500, which represents an increase of $500 ($1,500 - $1,000).
We can use the following formula to calculate the cash paid for taxes:
Cash paid for taxes = Income taxes expense + Decrease in Income Taxes Payable - Increase in Income Taxes Payable
Cash paid for taxes = $2,500 + ($1,000 - $1,500)
Cash paid for taxes = $2,500 - $500
Cash paid for taxes = $2,000
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why would making stakeholder managent its own knowledge are accomplish
Answers
Making stakeholder management its own knowledge area would help organizations to better understand and manage their relationships with stakeholders, leading to more successful project outcomes.
Stakeholder management is the process of identifying, analyzing, and prioritizing stakeholders, and then developing and implementing strategies to manage their expectations and engagement throughout the project lifecycle. By making it a separate knowledge area, organizations would be able to more effectively manage stakeholder relationships by having a dedicated focus on stakeholder needs and concerns.
Stakeholders can have a significant impact on a project's success or failure, as they can influence project decisions, provide critical feedback, and have a direct impact on the project's outcomes. Therefore, effective stakeholder management is essential for project success.
By making stakeholder management its own knowledge area, organizations would be able to develop more targeted and effective strategies for engaging with stakeholders, and more effectively manage their expectations and concerns throughout the project lifecycle.
This would help to ensure that stakeholders are effectively engaged and that their needs and concerns are addressed, leading to more successful project outcomes.
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Sergei’s boss has very strong opinions and often frowns upon questions from the team. This creates an environment where everyone just agrees with the boss decisions without questioning them
Answers
Knowing and comprehending each team member's opinions personality type will enable you to assign tasks in a way that best suits their interests and passions.
By doing this, you will raise team morale and productivity to their highest levels. Therefore, I always let my manager know when I'm having an issue. I jot out a list of my annoyances. I request a meeting with my employer opinions and explain these issues in detail. I want to be sure I'm not coming out as rude or sounding like I'm making any accusations against my supervisor. Good staff knowledge results in higher output and results.
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In which part of a résumé would you mention details of any prizes or awards that you won in professional competitions?
Answers
Answer:
"Scholarships or Competitions" would be the appropriate choice.
Explanation:
As even the title indicates, this would be the segment of your CV or resume wherever you mention the related honors, accomplishments, or prizes you have received for performing above the norm. It requires scholarships, contests, career-related honors, or perhaps even raises to management place throughout the job. Even with your remarkable accomplishments, users shouldn't have to build a special segment.Answer:
Honors and activities
Explanation:
Hope this helps :)
\Which of the following is a difference between organization design and organizational behavior? Group of answer choices Organization design focuses on individuals within organizations, while organizational behavior analyzes the whole organization as a unit. Organization design is concerned with cognitive and emotional differences among people within organizations, while organizational behavior is concerned with the differences in structure and behavior at the organization level of analysis. Organization design is concerned with lower management, while organizational behavior is concerned with top- and middle-management. Organization design might be considered the sociology of organizations, while organizational behavior is the psychology of organizations.
Answers
Answer:
Organization design might be considered the sociology of organizations, while organizational behavior is the psychology of organizations.
Explanation:
The major difference between an organization design and organizational behavior is that, organization design might be considered the sociology of organizations, while organizational behavior is the psychology of organizations.
Hence, organization design describes how workflow such as supervision, task allocation and coordination are to be accomplished in an organization.
How does a fixed exchange rate set the value for a currency?
A. By setting it at a specific value based on another currency
B. By adjusting the price based on the supply and demand for it
C. By comparing the terms of trade between multiple countries
D. By evaluating the overall economic health of different countries
Answers
A fixed exchange rate set the value for a currency by setting it at a specific value based on another currency. Thus the correct answer is A.
What is currency?A currency is referred to as a form of money that is utilized for buying and selling goods. This currency differs in value from country to country. A fixed exchange rate system is one in which the value of one currency is equal to the valuation of another common currency.
Two currencies from different countries will be shared at an equal price with the help of a fixed exchange rate, the prices of the currency will fluctuate based on the factors like demand and supply as well as inflation.
Therefore, option A by setting it at a specific value based on another currency is appropriate.
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Answer:
A. By setting it at a specific value based on another currency
Explanation:
What happens to Charlie on Lost?
Answers
Charlie's death is a significant turning point in the series, and his character is remembered as one of the show's most beloved and tragic figures.
Charlie, played by Dominic Monaghan, is a main character in the television series Lost. He is a former rock star and drug addict who becomes a pivotal member of the show's ensemble cast. Throughout the series, Charlie struggles with his addiction and the guilt he feels over past mistakes. He also develops a close relationship with Claire, a pregnant crash survivor, and becomes a surrogate father figure to her unborn child. In season three, Charlie is killed off in a dramatic and emotional scene. As part of a larger storyline, he sacrifices himself to save his fellow survivors by shutting off a communication signal that would have alerted their enemies to their presence. In doing so, he drowns in a flooded underwater station, but not before writing a message on his hand that reads "Not Penny's Boat," which helps the other survivors avoid danger later on. Charlie's death is a significant turning point in the series, and his character is remembered as one of the show's most beloved and tragic figures.
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Which of the following monetary and fiscal policy combinations would most likely result in a decrease in aggregate demand: a. A lower discount rate; an open-market purchase by the Fed; and an increase in federal government spending. b. A higher discount rate; an open-market sale by the Fed; and a decrease in federal government spending. c. A lower discount rate; an open-market sale by the Fed; and a decrease in federal government spending. d. A higher discount rate; an open-market purchase by the Fed; and an increase in federal government spending
Answers
Option b. A higher discount rate; an open-market sale by the Fed; and a decrease in federal government spending would most likely result in a decrease in aggregate demand.
In this combination, a higher discount rate means that it becomes more expensive for banks to borrow money from the Federal Reserve, leading to reduced lending and decreased investment and consumption. An open-market sale by the Fed involves selling government securities, which decreases the money supply and further limits spending.
Lastly, a decrease in federal government spending reduces overall expenditure in the economy, contributing to a decrease in aggregate demand.
This combination of monetary and fiscal policy measures works together to reduce the availability of credit, decrease the money supply, and limit government spending, all of which tend to decrease aggregate demand. By reducing borrowing, money supply, and government expenditure, the overall level of economic activity is likely to decline.
In conclusion, option b, which includes a higher discount rate, an open-market sale by the Fed, and a decrease in federal government spending, is the combination of monetary and fiscal policies most likely to result in a decrease in aggregate demand.
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before setting the objectives of l&d, managers should
Answers
Managers should set business goals before setting L&D goals.
A learning and development (L&D) strategy is a tool used by companies and organizations to train their staff according to business objectives. This strategy is characterized by:
Constantly train staff.Continuous improvement is implemented in all departments of the organization.To effectively implement a Learning and development plan, the company must perform the following steps:
1. Establish business objectives for each of the departments.
2. Formally implement the learning and development (L&D) strategy.
3. Integrate training that motivates and meets the needs of the staff.
According to the above, before establishing the objectives of the learning and development (L&D) strategy, the organization must establish business objectives.
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List 5 motives for the construction of various media?
Answers
Answer and Explanation:
For the construction of various media, the five motives are as follows
1. Develop connections and make connections: For motivating the social media we have to establish the connections and through it, we can easily make the connections,
2. Sharing the news of the company: Post the news of the company to various social media so that the public at large get attracted towards it
3. Voice opinion: Voice opinion also matters for establishing the several medias
4. People opinion for the company: Customer satisfaction is the utmost priority for the company so that the company could able to know what changes are required in the product to deliver it in the best manner
5. Communicated with employees: The communication with the employees also matters as the employees could be delivered their idea to better the company services
Media is the plural word of the medium that is the means of communication. The news channels, radios, magazines, and many other social things are communicated to the general public by means of media only. The media covers the speech or the incident and lets it known to the general public at no time.
The five motives for the construction of social media are:
1. Developing and making connections: For motivating social media there is a need to establish connections and suing those conections new connections can be made.
2. Sharing the company's reviews: After the company gets its name on social media, it gets famous among a group of people at no more time.
3. Voice opinion: Voice opinion also matters for interacting the several medias
4. People's opinion of the company: Customer satisfaction is the utmost priority of the company so that the company could able to know what changes are required in the product to deliver it in the most satisfactory form.
5. Interaction with employees: Communication with the employees also matters as the employees could deliver their idea to better the company's services.
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Please select the word from the list that best fits the definition Enjoy music in their free time
Answers
Answer:
Auditory Learners
Explanation:
I got it right on edge 2022.
Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.
Answers
Answer:
The net present value (NPV) of the decision to grant credit is $2,938,157.89.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.
Calculate the NPV of the decision to grant credit.
The explanation of the answer is now given as follows:
Number of new orders = 125 units
Percentage of repeat order = 30%
Number of order that will be repeated forever = Number of new orders * Percentage of repeat order = 125 * 30% = 37.50 units
Credit price per unit = $11,100
Variable cost per unit = $9,700
Contribution margin per unit = Credit price per unit - Variable cost per unit = $11,100 - $9,700 = $1,400
Total contribution for all new order = Number of new orders * Contribution margin per unit = 125 * $1,400 = $175,000
Total contribution margin for order that will be repeated forever = Contribution margin per unit * Number of order that will be repeated forever = $1,400 * 37.50 = $52,500
Net present value (NPV) of total contribution margin for order that will be repeated forever = Total contribution margin for repeated order forever / Required return = $52,500 / 1.9% = 2,763,157.89
Net present value (NPV) of the decision to grant credit = Total contribution for all new order + NPV of total contribution margin for order that will be repeated forever = $175,000 + 2,763,157.89 = $2,938,157.89
Therefore, the net present value (NPV) of the decision to grant credit is $2,938,157.89.
how many times has the us debt ceiling been raised?
Answers
As a sales executive at a large corporation, sonya earns____for every big sale she makes. jessica, who works full time in the company’s finance department as an accountant, earns____.
Answers
As a sales executive at a large corporation, sonya earns commissions for every big sale she makes. jessica, who works full time in the company’s finance department as an accountant, earns fixed salary.
What is a commission?a payment made to a representative or employee in exchange for doing business on their behalf or rendering a service. Particularly: a portion of the funds received from the overall amount paid to the agent in charge of the business. For each automobile he sells, a commission is given to him. 7.: the act of giving someone authority.
What is a fixed salary?
Basic monthly wage with fixed monthly allowances equals a fixed monthly salary. Basic monthly salary: This is a fixed payment that does not change from month to month, regardless of the performance of the employee or the business, or whether the employee takes a leave of absence for a personal or medical reason.
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You have an upstream picking department that feeds two downstream packing departments: pack singles and pack multis. those packing departments feed to a shipping department that loads the outgoing trucks. 30% of your pick volume goes to pack singles and has a packing rate of 171 units per labor hour (uph). 70% of the pick volume goes to pack multis and has a pack rate of 266 units per labor hour. your pickers pick both single and multi items throughout the day at an overall average rate of 114 units per labor hour. all units that are packed in both processes go through the ship process at a rate of 570 units per hour. you have 102 people today for all 4 departments and you absolutely must pack 47,880 units in pack multis items to meet a customer promise metric. the ops manager for the shift started building the plan but was called away. you have to finish it. he correctly allocated labor to the pack singles before he was called away. how do you allocate the remaining labor to balance the flow in your department if you work a 10 hour shift
Answers
Those packing departments feed to a shipping department that loads the outgoing trucks.
What is shipping department?a company department in charge of scheduling, receiving, registering, and sending commodities shipments
Shipping specialists are in charge of receiving, tracking, and shipping orders to customers, as well as ensuring that things reach on time and to the correct individual. They also employ radio frequency identification to scan barcodes for accurate and complete inventory recording.
Shippers and receivers transport components, supplies, materials, equipment, and stock to and from a location. Retail and wholesale firms, manufacturing companies, and other commercial or industrial establishments employ them.
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Which investment has the least amount of default risk?
A)
junk bonds
B)
common stocks
c)
corporate bonds
D)
US Treasury bonds
Answers
Answer:
D....U.S. Treasury Bonds!
What does accounting help you achieve in an organization?
Answers
Answer:
Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.
Explanation:
The process of controlling and making decisions about a business is called:
O Leadership
O Management
O Administration
Answers
Answer:
B. Management.
Explanation:
Management can be defined as the process of controlling and making decisions about a business.
The management comprises of top executives, board of directors or managers who generally control the affairs of a business firm or company.
Basically, they are saddled with the responsibility of defining the policies, set of rules, standards, and procedures so as to preserve or protect the company's assets, boost efficiency, enhance financial accountability, and prevent fraudulent behaviors among the employees.
Also, the decision-making process or responsibilities is essentially vested on the management of a business. Therefore, the management is typically responsible for the success, growth and development of their business.
If a project could have a bad outcome
A) the discount rate should be increased
B)the market risk premium should be revised downward C)the beta should be increased
D) expected cash flows should be adjusted downward to reflect this possibility
Answers
The correct answer is D) expected cash flows should be adjusted downward to reflect this possibility. When a project has the potential for a bad outcome, it means there is a higher risk associated with the project's cash flows.
To account for this risk, the expected cash flows should be adjusted downward. By adjusting the cash flows, the negative possibility is factored into the analysis, leading to a more accurate assessment of the project's expected value.
Increasing the discount rate (option A) would only reflect a higher required return due to increased risk but wouldn't specifically address the bad outcome.
Revising the market risk premium (option B) and increasing the beta (option C) would also adjust the required return but may not directly address the potential negative outcome. Adjusting the expected cash flows (option D) is the most appropriate action to reflect the possibility of a bad outcome.
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When a firm hires the first to sixth workers, each additional worker can
Brings a one-unit increase in output to total output. However, by hiring the seventh
Labor starts, and each additional labor brings no increase in total output. please draw
Draw the firm's total production curve (TP), average production curve (AP), and
Marginal Product Curve (MP).
Answers
The TP curve will slope upward until the sixth worker, then become horizontal. The AP curve will rise until the sixth worker and then become flat. The MP curve will be positive and decreasing until the sixth worker, and then become zero.
To draw the firm's total production curve (TP), average production curve (AP), and marginal product curve (MP), we need to understand the relationship between the number of workers and the total output.
1. Total Production Curve (TP):
- TP shows the total output produced by the firm at different levels of labor input.
- Initially, as the firm hires the first to sixth workers, each additional worker brings a one-unit increase in total output. This means the TP curve will slope upward until the sixth worker.
- However, when the firm hires the seventh worker, each additional worker brings no increase in total output. This indicates that the TP curve will become horizontal after the sixth worker.
2. Average Production Curve (AP):
- AP represents the average output per worker.
- To calculate AP, divide the total output (TP) by the number of workers.
- Initially, as each additional worker brings a one-unit increase in total output, the AP curve will rise until the sixth worker.
- After the sixth worker, since the total output remains constant, the AP curve will become flat and equal to the total output divided by the number of workers.
3. Marginal Product Curve (MP):
- MP shows the additional output produced by each additional worker.
- To calculate MP, find the difference in total output (TP) between two levels of labor input.
- Initially, as each additional worker brings a one-unit increase in total output, the MP curve will be positive and decreasing until the sixth worker.
- After the sixth worker, since each additional worker brings no increase in total output, the MP curve will be zero.
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the price elasticity of demand depends on
Answers
Answer:
...price levels, the type of product or service, income levels, and the availability of any potential substitutes.
What are the two factors used to calculate productivity?
A. Goods produced and number of customers
B. Resources invested and goods lost
C. Goods produced and employees hired
D. Goods produced and resources invested
Answers
Goods produced and resources invested re the two factors used to calculate productivity.
How productivity is measured?Productivity is measured from different factors in the organization like the profit generate from the sales, number of customer increases, the amount of money invested in the company, the goods that are consumed of sell within span of time and others.
Thus, option D is correct.
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Answer:
Goods produced and resources invested
Explanation:
Question 40 of 40
Product differentiation occurs most frequently in what part of the product life
cycle?
A. Introduction
B. Growth
C. Decline
D. Maturity
Answers
Product differentiation occurs most frequently in the D. maturity part of the product life cycle.
Maturity isn't a matter of age, but rather, of how you choose to respond and reply to colorful life situations. It's basically a position of internal development or wisdom that has a bearing on all areas of an existent's life, right from their conduct to their relationship with others. A mature person will take responsibility for his own conduct rather than condemn others. He'll take a far-sighted view of effects and act in a considered, rather than a robotic manner. Mature people are suitable to accept themselves for who they are; they exercise kindness indeed in the face of their failings. You can seek to ameliorate yourself and grow as an individual, but maturity allows you to take your present situation and all the once events that have led to it and make peace with them.
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A person who receives something in a will is called a(n) O A. guardian B. executor O C. conservator O D. beneficiary
Answers
A person who receives something in a will is called a(n) beneficiary. Thus the correct option is D.
What is a beneficiary?The person or people you desire to get their hands on a certain asset after your death are specified in a beneficiary designation. Simply said, The term "beneficiary" refers to a person who receives anything from a will.
Both primary and secondary beneficiaries are covered by a will. The individual who is chosen for getting a gift is a major beneficiary. Those who are designated as contingent beneficiaries will only receive gifts if specified conditions are met.
A guardian is a person chosen by the legal system to make decisions on the care of minors or those who are incapable of making their own decisions. An executor is a person who is designated in a will to manage the estate when the testator passes away.
Therefore, option D is appropriate.
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