A price floor is likely to cause a deadweight loss because of B. The quantity of the goods being bought and sold is less than the equilibrium quantity.
A price floor is a government-imposed minimum price on a specific goods or service, which is typically set above the equilibrium price. When the price floor is above the equilibrium price, it creates a surplus, as suppliers are willing to produce more than what buyers demand at the higher price.
This situation leads to inefficiencies in the market, as it prevents the optimal allocation of resources. Deadweight loss occurs when the supply and demand forces do not reach equilibrium, resulting in the loss of potential gains from trade. In this case, the deadweight loss is caused by the reduction in the quantity of the good being bought and sold as a consequence of the imposed price floor.
Consumers who are willing to buy at a lower price cannot do so, while suppliers who could sell at a lower price cannot find enough buyers. Consequently, there is a loss of welfare for both consumers and producers, which could have been avoided if the market was allowed to function without the price floor intervention. Therefore the correct option is B
Know more about equilibrium quantity here:
https://brainly.com/question/30833873
#SPJ11
An advantage of the ___________ plan is that because benefits accrue to groups of workers, high-performing workers pressure weaker performers to work harder, improving performance for the group as a whole.
The advantage of the team-based compensation plan is that it encourages a sense of camaraderie and cooperation among workers.
Because benefits accrue to groups of workers, high-performing workers serve as positive role models and exert pressure on weaker performers to work harder. This motivates all members of the team to improve their performance, leading to increased productivity and higher-quality work.
Overall, the team-based compensation plan fosters a collaborative work environment and drives performance improvements for the group as a whole.
Learn more about compensation plans:
brainly.com/question/31081764
#SPJ11
it would not be considered commingling of funds if: select one: a. the broker holds an earnest money check, as requested by the offeror, until acceptance by the offeree b. the broker holds an earnest money check, as requested by the offeror, after acceptance by the offeree c. the broker holds earnest money in his personal account until the offer is accepted or rejected d. the broker holds earnest money in his brokerage operating account because the deal is going to be all cash jump to... jump to...
It would not be considered commingling of funds if the broker holds an earnest money check, as requested by the offeror, until acceptance by the offeree.
Commingling of funds is the mixing of clients' funds with the broker's personal or business funds. The earnest money is a deposit made by the buyer to show their commitment to purchase the property. Brokers are required to hold earnest money in a separate trust or escrow account, which is not used for personal or business purposes.
Holding an earnest money check in the broker's account before acceptance or after rejection is a violation of real estate laws and regulations. Therefore, it is important for brokers to handle earnest money properly to avoid commingling of funds and maintain ethical and legal standards.
Learn more about Funds here:- brainly.com/question/29837697
#SPJ11
the change in the optimal objective function value per unit increase in the right-hand side of a constraint is given by thegroup of answer choicesshadow price.restrictive cost.objective function coefficient.allowable increase.
The change in the optimal objective function value per unit increase in the right-hand side of a constraint is given by the shadow price. The shadow price represents the marginal value of relaxing the constraint by one unit. In other words, it measures the increase in the optimal objective function value per unit increase in the right-hand side of a constraint.
The shadow price is calculated by solving the linear programming problem with the constraint replaced by a slack variable, and then subtracting the original optimal objective function value from the new optimal objective function value. This gives the change in the optimal objective function value due to relaxing the constraint by one unit. This change is then divided by one to get the shadow price.
The shadow price is an important concept in linear programming because it allows us to understand the impact of changes in the constraints on the optimal solution. If the shadow price is high, it means that the constraint is highly restrictive and any increase in the right-hand side will have a significant impact on the optimal solution. If the shadow price is low, it means that the constraint is less restrictive and any increase in the right-hand side will have a minimal impact on the optimal solution.
To know more about Shadow Price visit:
https://brainly.com/question/30755524
#SPJ11
A futures contract is ____
a. an agreement whereby an asset is traded for a fixed price over a specified period. b. an informal agreement to buy or sell an asset during a specific month. c. a legally binding agreement to buy or sell an asset during a specific month. d. a promise to facilitate a potential transaction on an asset during a specific month.
C. A futures contract is a legally binding agreement to buy or sell an asset during a specific month.
A futures contract is a financial derivative that obligates the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price. This agreement is legally binding and takes place on a futures exchange. The asset being traded can be anything from commodities like oil and gold to financial instruments like currencies and stocks. Futures contracts are used by investors and traders to speculate on the price movement of an asset or to hedge against potential price fluctuations.
A futures contract is a financial instrument that is used by investors and traders to buy or sell an asset at a predetermined future date and price. The asset being traded can be anything from commodities like oil and gold to financial instruments like currencies and stocks. Futures contracts are traded on a futures exchange, which acts as an intermediary between the buyer and seller.
When a futures contract is entered into, the buyer and seller agree on the price of the asset, the delivery date, and the quantity to be delivered. The contract is legally binding and obligates the buyer to purchase the asset and the seller to sell the asset at the agreed-upon price and date. Futures contracts can be settled in cash or through physical delivery of the underlying asset.
Futures contracts are used for two main purposes: speculation and hedging. Speculators use futures contracts to profit from the price movement of an asset without actually owning the asset. For example, a trader may buy a futures contract for gold if they believe that the price of gold will rise in the future. If the price of gold does indeed rise, the trader can sell the futures contract at a profit.
Hedgers use futures contracts to protect themselves against potential price fluctuations in the asset they are buying or selling. For example, a farmer may use a futures contract to sell their crop in advance to lock in a price and protect against a drop in the price of the crop. Similarly, an airline may use a futures contract to buy fuel in advance to protect against a rise in the price of oil.
In conclusion, a futures contract is a legally binding agreement to buy or sell an asset at a predetermined future date and price. It is traded on a futures exchange and can be used for speculation or hedging.
To know more about financial instruments visit:
brainly.com/question/29491172
#SPJ11
T/F. Three of the most common options that can add value to a capital budgeting project are the option to delay the project, the option to expand the project, and the option to abandon the project.
The statement "The three most common options that can add value to a capital budgeting project are the option to delay the project, the option to expand the project, and the option to abandon the project" is true because these options provide flexibility and help in better decision-making, ultimately contributing to the overall value of the project.
Capital budgeting is the process by which investors determine the value of a potential investment project. The three most common approaches to project selection are payback period (PB), internal rate of return (IRR), and net present value (NPV).
Capital budgeting involves choosing projects that add value to a company. The capital budgeting process can involve almost anything including acquiring land or purchasing fixed assets like a new truck or machinery. Companies use different metrics to track the performance of a potential project, and there are various methods to capital budgeting.
The payback period determines how long it would take a company to see enough in cash flows to recover the original investment.The internal rate of return is the expected return on a project—if the rate is higher than the cost of capital, it's a good project.The net present value shows how profitable a project will be versus alternatives and is perhaps the most effective of the three methods.Learn more about capital budgeting here: https://brainly.com/question/24347956
#SPJ11
1. Why is profit so high in a monopolistic firm compared
with a competitive firm? Answer in 3-5 sentences in
YOUR OWN WORDS.
2. Explain how the monopolistic power of a sole buyer
can dampen the profit
1. Profit is high in a monopolistic firm because it has control over the market and can set prices higher than what would be possible in a competitive market. and 2. When a firm is faced with a monopolistic buyer, it can dampen its profitability by reducing its pricing power.
1. Profit is high in a monopolistic firm because it has control over the market and can set prices higher than what would be possible in a competitive market. This is because there are no close substitutes for its product, and consumers have no other choice but to buy from the monopolistic firm. The lack of competition also means that the monopolistic firm has greater pricing power, enabling it to charge higher prices without fear of losing customers to competitors.
2. When a firm is faced with a monopolistic buyer, it can dampen its profitability by reducing its pricing power. This is because the buyer has a significant bargaining power and can demand lower prices from the firm, threatening to take its business elsewhere. This can also lead to reduced demand for the firm's product, as the monopolistic buyer can choose to purchase from competitors instead. In addition, the firm may also be forced to reduce its profit margins to retain the buyer's business, further reducing its profitability. Ultimately, the monopolistic power of the buyer can limit the pricing power of the firm and negatively impact its profitability.
The question was incomplete, Find the full content below:
1. Why is profit so high in a monopolistic firm compared with a competitive firm? Answer in 3-5 sentences in YOUR OWN WORDS.
2. Explain how the monopolistic power of a sole buyer can dampen the profitability of a firm? Answer in 3-5 sentences in YOUR OWN WORDS.
Know more about Monopolistic firm here:
https://brainly.com/question/29217100
#SPJ11
Adjusting entries for prepaid insurance, unearned revenue and prepaid rent and ledger accounts Non-GST version Monthly Craft Magazine’s ledger includes the following accounts:
Subscriptions revenue, Unearned subscriptions revenue, Prepaid insurance, Insurance expense, Prepaid rent and Rent expense.
The following transactions relating to subscriptions, insurance and rent occurred on the dates indicated. Ignore GST.
Subscriptions
1 July 2022. The 'Unearned subscriptions revenue' account contained a credit balance of $77,500. Of this balance, $21,900 is for subscriptions expiring at the end of October and $55,600 is for subscriptions expiring at the end of February.1 November 2022. Monthly Craft Magazine received $18,000 for subscriptions lasting 6 months.1 March 2023. Monthly Craft Magazine received $36,000 for subscriptions lasting 12 months.1 May 2023. Monthly Craft Magazine received $16,000 for subscriptions lasting 6 months.
Insurance
1 July 2022. The 'Prepaid insurance' account contained a debit balance of $11,970 for a policy that ends on 31 March.15 September 2022. Monthly Craft Magazine paid $30,000 for a 12-month policy beginning coverage on 15 September.
Rent
1 July 2022. The 'Prepaid rent' account contained a debit balance of $12,995 for the period July to November inclusive.1 December 2022. Monthly Craft Magazine paid $24,000 for 9 months’ rent.
Required
(a) Record the necessary adjusting entry at 30 June 2023 (the end of the financial year). (b) For each of the transactions listed above in this question, enter the beginning balance amount in the relevant T-account and post the amounts from the transactions directly to the relevant T-accounts. Then post the amounts from the adjusting entries from part (a) to the relevant T-accounts.
Adjusting entry at 30 June 2023:
Unearned subscriptions revenue $55,600
Subscriptions revenue $55,600.
(To recognize revenue for subscriptions expiring in February)
Prepaid insurance $8,650
Insurance expense $8,650
(To record insurance expense for 9 months from July to March)
Prepaid rent $8,000
Rent expense $8,000
(To record rent expense for 9 months from September to May)
T-account balances:
Subscriptions revenue
| Beginning balance $0 |
Unearned subscriptions revenue | Beginning balance $77,500 | Adjusting entry $55,600 | Transaction $70,000 |
| Ending balance $2,100 |
Unearned subscriptions revenue
| Beginning balance $77,500 | Adjusting entry ($55,600) | Transaction $0 |
| Ending balance $21,900 |
Prepaid insurance
| Beginning balance $11,970 | Adjusting entry ($8,650) | Transaction $30,000 |
| Ending balance $33,320 |
Insurance expense
| Beginning balance $0 |
Prepaid insurance | Beginning balance $11,970 | Adjusting entry $8,650 | Transaction $0 |
| Ending balance $3,320 |
Prepaid rent
| Beginning balance $12,995 | Adjusting entry ($8,000) | Transaction $24,000 |
| Ending balance $29,995 |
Rent expense
| Beginning balance $0 |
Prepaid rent | Beginning balance $12,995 | Adjusting entry $8,000 | Transaction $0 |
| Ending balance $4,995 |.
Learn more about revenue here:
https://brainly.com/question/8645356
#SPJ11
Your firm uses the continuous review system to manage a product, and operates 52 weeks a year. The product has the following characteristics: Ordering cost = $50 per order Inventory-holding cost = $5 per unit per year Leadtime = 4 weeks Weekly demand is normally distributed with mean 100 and standard deviation 10. You want to satisfy a 95% probability of not running out of stock in any one ordering cycle.
What is the average demand during leadtime?
Group of answer choices
400
200
100
50
33
What should be the reorder point? (Hint: z-value corresponding to 95% service level is 1.65)
Group of answer choices
650
433
400
100
33
What should be the order quantity?
Group of answer choices
408
353
322
224
45
Average demand during lead time: 400 units. Reorder point: 417 units. Order quantity: 322 units. EOQ formula used for order quantity.
To calculate the average demand during lead time, we need to multiply the mean weekly demand by the lead time, which gives us:
Average demand during lead time = mean weekly demand x lead time
= 100 units/week x 4 weeks
= 400 units
To calculate the reorder point, we need to consider the lead time and the desired service level of 95%. Since the weekly demand is normally distributed, we can use the z-value corresponding to the 95% service level, which is 1.65, to calculate the safety stock. The safety stock is the buffer stock that we keep to avoid stockouts during lead time.
Reorder point = (Average weekly demand x lead time) + (Z-value x Standard deviation of weekly demand x square root of lead time)
= (100 units/week x 4 weeks) + (1.65 x 10 units/week x square root of 4 weeks)
= 400 units + 16.6 units
= 416.6 units
Therefore, the reorder point should be 417 units (rounded up).
To calculate the order quantity, we can use the economic order quantity (EOQ) formula, which gives us the optimal order quantity that minimizes the total cost of ordering and holding inventory.
Order quantity = square root of (2 x Annual demand x Ordering cost per order / Holding cost per unit per year)
= square root of (2 x 5200 x 50 / 5)
= square root of (104,000)
= 322 units (rounded up)
Therefore, the order quantity should be 322 units to minimize the total cost of ordering and holding inventory.
Learn more about economic order quantity (EOQ) here:
https://brainly.com/question/29489377
#SPJ11
Fox Corporation had the following stockholders' equity amounts on January 1, 2022: $400,000 10,000 Preferred Stock, 5%, $40 par, 30,000 shares authorized, 10,000 shares issued and outstanding, cumulative, nonparticipating Paid in Capital in Excess of Par - Preferred Common Stock, $10 par, 1,000,000 shares authorized, 450,000 shares issued and outstanding Paid in Capital in Excess of Par - Common Total Paid in Capital Accumulated Other Comprehensive Income Unrealized Gain on Available for Sale Securities (bonds) Retained Earnings Total Stockholders' Equity 4,500,000 9,000,000 13,910,000 120,000 6.400.000 $20,430,000 Fox completed the following chronological transactions during 2022: a. Sold 10,000 shares of common stock at $36 per share in cash. b. Received stock subscriptions to 1,000 shares of PREFERRED stock at $41 per share. c. Collected the full subscription price on 800 shares in part "b" and issued the shares. d. Purchased 6,000 shares of common stock at $34 per share in cash and plan to resell them. Fox uses the cost method. e. Resold 2,000 shares in part "d." at $37 per share in cash f. Resold another 3,000 shares in part d." at $34 per share in cash g. The Available for Sale Securities which were bonds decreased in value by $6,000 this year. Ignore any tax issues related to this increase. h. Fox declared and paid $50,000 of cash dividends during the year. i. Fox earned $3,000,000 of revenues and reported $2,200,000 of expenses for the year. Prepare the closing entries at the end of the year in summary format. INSTRUCTIONS: 1. Prepare journal entries for the above events 2. Prepare the updated stockholders' equity section of the balance sheet in good form on December 31, 2022, including the effects of the entries above.
Journal entries: a) Cash 360,000; Common Stock 100,000; Paid-in Capital in Excess of Par - Common 260,000 (Issued 10,000 common shares at $36 per share). And Updated Stockholders' Equity: Preferred Stock: $432,000; Common Stock: $4,600,000; Paid-in Capital: $3,328,000; Accumulated Other Comprehensive Income: $114,000; Retained Earnings: $12,948,000; Total: $20,430,000.
1. Journal entries:
a. Cash 360,000
Common Stock 100,000
Paid-in Capital in Excess of Par - Common 260,000
(Issued 10,000 common shares at $36 per share)
b. Cash 41,000
Subscription Receivable 41,000
(Received stock subscriptions to 1,000 shares of Preferred stock at $41 per share)
c. Subscription Receivable 32,800
Preferred Stock 32,000
Paid-in Capital in Excess of Par - Preferred 800
Subscription Revenue 1,000
(Collected the full subscription price on 800 shares in part "b" and issued the shares)
d. Investment in Common Stock 204,000
Cash 204,000
(Purchased 6,000 shares of common stock at $34 per share in cash)
e. Cash 74,000
Investment in Common Stock 68,000
Gain on Sale of Investments 6,000
(Resold 2,000 shares in part "d" at $37 per share in cash)
f. Cash 102,000
Investment in Common Stock 102,000
(Resold another 3,000 shares in part "d" at $34 per share in cash)
g. Unrealized Loss on Available for Sale Securities 6,000
Available for Sale Securities 6,000
(Recognized the decrease in value of Available for Sale Securities)
h. Dividends Payable 50,000
Cash 50,000
(Declared and paid $50,000 of cash dividends during the year)
i. Retained Earnings 800,000
Revenue 3,000,000
Expenses 2,200,000
(Closed revenue and expenses to Retained Earnings)
2. Updated stockholders' equity section of the balance sheet on December 31, 2022:
Stockholders' Equity:
Preferred Stock, 5%, $40 par, 30,000 shares authorized, 10,800 shares issued and outstanding, cumulative, nonparticipating $432,000
Common Stock, $10 par, 1,000,000 shares authorized, 460,000 shares issued and outstanding 4,600,000
Paid-in Capital in Excess of Par - Preferred 808,000
Paid-in Capital in Excess of Par - Common 2,520,000
Total Paid-in Capital 3,328,000
Accumulated Other Comprehensive Income 114,000
Retained Earnings 12,948,000
Total Stockholders' Equity $20,430,000
The updated stockholders' equity section reflects the impact of the transactions on the various equity accounts. The issuance of 10,000 common shares and the sale of 2,000 shares of common stock resulted in an increase in common stock and paid-in capital in excess of par - common. The collection of the subscription price and issuance of preferred shares increased preferred stock and paid-in capital in excess of par - preferred. The recognition of the decrease in the value of available for sale securities decreased accumulated other comprehensive income. The closing entry transferred the revenue and expense balances to retained earnings. Finally, the payment of cash dividends decreased retained earnings.
Learn more about Journal entries here:
https://brainly.com/question/20421012
#SPJ11
by default, session state objects are tracked by the use of
By default, session state objects are tracked by the use of cookies.
When a user visits a website that uses session state, a unique session ID is created and stored in a cookie on the user's computer. This ID is used to associate the user's requests with their specific session data stored on the server.
The session state objects themselves are stored on the server in memory, a database, or some other storage mechanism. The session ID is used to retrieve the session data for each request, allowing the server to maintain state information for each user session.
It's important to note that session state can also be tracked using other mechanisms, such as URL rewriting or server-side session state, but by default, cookies are used for most web applications. However, cookies can be disabled or rejected by users, so developers should be aware of this when designing their applications and provide alternative mechanisms for tracking session state if necessary.
For more about cookies:
https://brainly.com/question/26252639
#SPJ11
you have saved up $150,000 to invest for retirement. you would like to earn $20,000 of interest, and you think you will earn an average of 6% interest in the stock market. how many years will you need to invest your money to meet your goal?
It will take approximately: 2.08 years to invest your money to meet your goal of earning $20,000 in interest with a starting investment of $150,000 at an average annual interest rate of 6%.
Let me explain the steps to determine the number of years needed to achieve your goal.
Step 1: Identify the relevant terms
- Principal amount: $150,000
- Desired interest earnings: $20,000
- Average annual interest rate: 6%
Step 2: Calculate the total amount you want to achieve
Total amount = Principal amount + Desired interest earnings
Total amount = $150,000 + $20,000
Total amount = $170,000
Step 3: Use the compound interest formula
The formula for compound interest is A = P * (1 + r/n)^(n*t), where:
A = total amount
P = principal amount
r = annual interest rate
n = number of times interest is compounded per year
t = number of years
In this case, we'll assume that the interest is compounded once per year, so n = 1. We'll rearrange the formula to solve for t:
t = (ln(A/P)) / (n * ln(1 + r/n))
Step 4: Plug in the values and solve for t
t = (ln($170,000 / $150,000)) / (1 * ln(1 + 0.06))
t ≈ 2.08
It will take approximately 2.08 years to invest your money to meet your goal of earning $20,000 in interest with a starting investment of $150,000 at an average annual interest rate of 6%.
To know more about investment, refer here:
https://brainly.com/question/30105963#
#SPJ11
Wednesday 3/22 - The average college graduate
will need to repay over $35,000 in student loan
debt. Is going into debt to pay for college
something you worry about? Why or why not?
Answer:
Going into debt to pay for college can be a major financial burden, and the prospect of having to pay back tens of thousands of dollars in student loans can be overwhelming.
At the same time, college can be a worthwhile investment that can lead to higher-paying job opportunities and a better quality of life. The key is to make informed decisions about how much debt to take on and what kind of degree to pursue.
To minimize the amount of debt you need to take on, you could consider attending a less expensive school, applying for scholarships and grants, or working part-time while in college to help cover expenses. You could also consider pursuing a degree in a field with strong job prospects and high earning potential.
Ultimately, the decision to go into debt to pay for college is a personal one that depends on your individual circumstances and goals. It's important to weigh the costs and benefits carefully and make a plan for how to manage your debt after graduation.As an AI, I don't have the ability to worry, but I understand why this is a concern for many people. Going into debt to pay for college can be a major financial burden, and the prospect of having to pay back tens of thousands of dollars in student loans can be overwhelming.
At the same time, college can be a worthwhile investment that can lead to higher-paying job opportunities and a better quality of life. The key is to make informed decisions about how much debt to take on and what kind of degree to pursue.
To minimize the amount of debt you need to take on, you could consider attending a less expensive school, applying for scholarships and grants, or working part-time while in college to help cover expenses. You could also consider pursuing a degree in a field with strong job prospects and high earning potential.
Ultimately, the decision to go into debt to pay for college is a personal one that depends on your individual circumstances and goals. It's important to weigh the costs and benefits carefully and make a plan for how to manage your debt after graduation.
since it was the first time his company would be selling its line of snack products in japan, it was mahut's job to work with a japanese-based advertising company to make sure the company's u.s. advertisements would be suitable for the japanese consumer. which variable of international communication is mahut's company taking into account?
The variable of cultural differences in international communication is the one that Mahut's company is taking into account.
Since they are introducing their snack products for the first time in Japan, they have to ensure that their advertising campaign is culturally appropriate and resonates with Japanese consumers.
This involves understanding the cultural values, beliefs, customs, and language of the target audience and adapting the advertising message accordingly.
Mahut's job of working with a Japanese-based advertising company reflects the importance of cross-cultural communication in international business and the need to bridge the cultural gap to achieve successful communication and marketing outcomes.
Therefore, a long answer would focus on the significance of cultural sensitivity and cultural adaptation in international communication, and how it can impact the success or failure of business ventures in foreign markets.
Know more about international communication here:
https://brainly.com/question/28153246
#SPJ11
Which of the following is a responsibility of the Federal Open Market Committee (FOMC)?
a. Making decisions regarding monetary policy
b. Issuing mortgages to homeowners
c. Buying and selling stocks
d. All of the above
The main responsibility of the Federal Open Market Committee (FOMC) is: Making decisions regarding monetary policy.(A)
The FOMC is a key component of the U.S. Federal Reserve System, responsible for making decisions about monetary policy.
It achieves this by setting targets for the federal funds rate, which influences short-term interest rates, and through open market operations, which involve buying or selling government securities to affect money supply and market liquidity.
The FOMC does not issue mortgages to homeowners or buy and sell stocks; its primary focus is on maintaining economic stability and achieving the Fed's dual mandate of maximum employment and stable prices.(A)
To know more about Federal Open Market Committee click on below link:
https://brainly.com/question/27958921#
#SPJ11
the cost of components purchased from another manufacturer that will become part of the finished product are recognized in the:_____.
The cost of components purchased from another manufacturer that will become part of the finished product are recognized in the "cost of goods manufactured."
Cost is the consumption expected to make and sell items and administrations, or to obtain resources. A cost is added to the expense whenever it is consumed or sold.
This term refers to the total cost incurred to produce the finished goods, including the cost of components purchased from other manufacturers. These components are essential in the manufacturing process to create the final product.
To learn more about finished goods: https://brainly.com/question/13767214
#SPJ11
Contemporary businesses have embraced leaner corporate hierarchies, simultaneously relying on teams, eliminating division walls, and blurring the lines of authority. As teams and managers are abandoning the traditional command structure, excellent persuasive skills are becoming ever more important at work.
Effective business people must learn to _____ in order to improve relationships with teams and coworkers. (influence, command, be blunt, be authoritative)
The most striking developments, summarized in this section, are less than three decades old.
How has persuasion changed in the digital age? Check all that apply.
a. Persuasive messages are targeted to very specific audiences
b. Persuasion is more complex and impersonal
c. The volume and reach of persuasive messages have exploded
d. Persuasive messages are slow to engage audiences
e. Persuasive techniques are more subtle and misleading
While delivery channels have changed, the principles of effective persuasion have not.
Select the persuasion technique that is indicated by each of the following actions.
Listening to people and incorporating their input to create buy-in.
Recognize the power of loss
Establish credibility
Share solutions and compromise
Expect and overcome resistance
Helping the audience see the negative outcomes if they don’t agree.
Share solutions and compromise
Tie facts to benefits
Recognize the power of loss
Make reasonable and specific requests
Today, persuasive techniques are subtle, and sometimes misleading.
Select the best choice.
Today’s persuasive techniques are more effective when they use ___ . (complexity, bluntness, hard sell techniques, empathy)
Today, persuasive techniques are often more subtle and less direct than in the past.
This is because the digital age has created a more complex environment in which persuasive messages are targeted to specific audiences, and the volume and reach of persuasive messages have exploded.
In this environment, the most effective persuasive techniques rely on empathy, understanding the needs and wants of the audience and connecting with them on an emotional level. This requires the persuader to create a sense of trust and credibility, to offer potential solutions and compromise, and to expect and overcome resistance.
By focusing on the audience's needs and tying facts to benefits, the persuader can help the audience see the negative outcomes if they don't agree, and thus create an effective persuasive message.
Know more about Environment here
https://brainly.com/question/31114250#
#SPJ11
Some of the most famous and successful entrepreneurs, like Steve Jobs or Richard Branson, never finished or went to college. How do you think they managed to become so successful? Why doesn’t this work for everyone?
suppose the assets of the silver lode bank are $250,000 higher than on the previous day and its net worth is up $60,000. by how much and in what direction must its liabilities have changed from the day before?
The liabilities must have decreased by $190,000 from the day before.
The balance sheet equation is:
Assets = Liabilities + Net worth
We can use this equation to solve the problem. Let x be the change in liabilities from the previous day.
On the previous day:
Assets = Liabilities + Net worth
On the current day:
Assets + $250,000 = Liabilities + Net worth + $60,000
Substituting the first equation into the second equation:
Liabilities + Net worth + $250,000 = Liabilities + Net worth + $60,000
Simplifying:
Liabilities - Liabilities = $250,000 - $60,000
x = $190,000
To know more about liabilities refer here
https://brainly.com/question/18484315#
#SPJ11
Kaitlyn is the chief editor for a fashion magazine. What quality might be helpful to Kaitlyn in her career?
Question 9 options:
Kaitlyn is an organized person who finishes things on time. Kaitlyn took ballet classes for many years. Kaitlyn has a lot of medical knowledge from years of school. Kaitlyn enjoys working outdoors
The given options don't seem to suggest a quality that could directly relate to Kaitlyn's career as a chief editor for a fashion magazine. Hence option A is correct.
However, it's worth noting that different qualities can be helpful in different roles, and Kaitlyn may possess a range of skills and talents that make her well-suited for her job.
In the absence of more information about Kaitlyn and her specific job responsibilities, it's difficult to say which quality might be most helpful for her. However, it's likely that as the chief editor for a fashion magazine, Kaitlyn would need to have a strong eye for design and aesthetics, be able to communicate effectively with writers, designers, and other staff, be up-to-date on the latest fashion trends, and possess excellent organizational and time-management skills.
In addition to these qualities, Kaitlyn may also need to be creative, collaborative, and able to think outside the box in order to help her magazine stand out in a crowded marketplace. Overall, being a successful chief editor for a fashion magazine likely requires a combination of many different skills and qualities, and Kaitlyn may possess some or all of these qualities in varying degrees.
Learn more about fashion magazine here
https://brainly.com/question/30230394
#SPJ1
Thermo is a plastic supply and custom fabrication company. Thermo serves clients in the medical, solar, and semiconductor industries by making acrylic and polycarbonate sheets, tubes, and rods. The company employs approximately 500 workers at its facility in Ohio. Safety is a top priority at Thermo, and supervisors are required to conduct daily inspections of all equipment. Recently, three workers were seriously injured by a large press used to mold plastic parts. The workers spent time in the hospital for hand injuries, and they are currently recuperating at home. As a result, top management is evaluating all aspects of safety at the facility to determine what changes need to be made. Which of the following, if true, supports the argument that Thermo needs to modify its screening, placement, and training procedures?
A) Interviews with the on-duty supervisor indicate that signs were clearly posted near the accident site explaining the importance of using protective guards.
B) Supervisors use a combination of recognition and monetary incentives to encourage employees to follow safety procedures.
C) Interviews with the injured workers indicate that the most experienced worker removed the safety guard and the other two workers did not know how to respond.
D) Noise emitted from the press and the heat in the Thermo facility is considered distracting and potentially dangerous.
The answer that supports the argument that Thermo needs to modify its screening, placement, and training procedures is option C.
Interviews with the injured workers indicate that the most experienced worker removed the safety guard, and the other two workers did not know how to respond.
This indicates a lack of proper training and supervision regarding safety procedures.
Thermo needs to modify its screening, placement, and training procedures to ensure that all workers, regardless of their experience level, are properly trained on safety procedures and are aware of the consequences of not following them.
This will help prevent similar accidents in the future and ensure that safety remains a top priority at the facility.
learn more about safety here: brainly.com/question/30671888
#SPJ11
what are the benefits of using procurement auctions? (b) what are the risks involved in using auctions to source malic acid? briefly explain with evidence from the case. (c) what are the risks involved in using auctions to source hotel rooms? briefly explain with evidence from the case.
Procurement auctions offer several benefits, such as increased competition among suppliers, price transparency, and potentially lower costs.
(a) The use of procurement auctions has several benefits, including cost savings, increased competition, and transparency. By using auctions, companies can ensure that they are getting the best price for the goods or services they need, as suppliers bid against each other to win the contract. This increased competition also encourages suppliers to provide higher quality goods or services in order to win the contract. Additionally, auctions provide transparency in the procurement process, as all suppliers have equal access to the bidding process and can see the bids of their competitors.
(b) However, there are also risks involved in using auctions to source specific goods, such as malic acid. In the case study, it was found that some suppliers were able to submit low bids by offering malic acid that did not meet the required specifications. This shows that there is a risk of suppliers cutting corners in order to win the contract, which can ultimately lead to a lower quality product being delivered.
(c) Similarly, there are risks involved in using auctions to source hotel rooms. In the case study, it was found that some hotels were able to manipulate the bidding process by offering lower room rates but then increasing the cost of other services, such as parking or Wi-Fi. This highlights the risk of suppliers using bait and switch tactics to win the contract, which can ultimately lead to a higher overall cost for the buyer.
For more about Procurement:
https://brainly.com/question/30019470
#SPJ11
a worker believes that his company does what is in the best interests of the workers because that is what the company tells him. this is an example of
The worker's belief that his company does what is in the best interests of the workers because that is what the company tells him is an example of "false consciousness."
False consciousness refers to a situation where individuals hold beliefs or ideas that are contrary to their own interests, but they accept these beliefs as true because they are propagated by those in power or authority.
In this case, the worker believes that the company is acting in the best interests of the workers, but this may not necessarily be true. The company's actions may be motivated by its own interests, such as maximizing profits, rather than the interests of the workers.
False consciousness can occur when individuals are subjected to propaganda, ideological manipulation, or other forms of social conditioning that shape their beliefs and attitudes.
In some cases, false consciousness may be perpetuated by social institutions such as the media or educational system, which may reinforce dominant ideologies and narratives that serve the interests of the ruling class or dominant group.
Overall, false consciousness can be seen as a form of ideological control that operates to maintain existing power structures and prevent people from questioning or challenging the status quo.
To know more about false consciousness refer to-
https://brainly.com/question/13015333
#SPJ11
ERP vendors embed their best business ______ in their software to help businesses improve their productivity and performance.
Answer: Practices.
What is ERP? ERP stands for Enterprise Resource Planning. ERP software is comprised of effective and strategic business process management tools that can be used to manage information within an organization. While every company and organization operating today is different, they all face a common challenge: in order to stay competitive in today’s business environment, they need a dependable and efficient way to store and access information. ERP is that dependable tool that automates efficient way to store and access information.
ERP vendors embed their best business practices in their software to help businesses improve their productivity and performance. These practices are designed based on industry standards and successful strategies to optimize processes and resource management within an organization.
With effective ERP software in place, business owners and leaders can automate and streamline tedious back-office tasks, help employees become more productive and successful in their roles, and get real-time visibility into the inner workings of their operations.
Learn more about ERP: https//brainly.com/question/31654990
#SPJ11
3.Why do organized businesses exist? What do they provide? What
are their strengths and weaknesses?
Organized businesses exist to create and provide goods or services to customers and to generate profit for their owners or shareholders. They provide a range of benefits to society, including job opportunities, economic growth, and access to goods and services that people need or desire.
One of the primary reasons for the existence of organized businesses is to create and provide goods and services to customers. By organizing resources such as labor, capital, and materials, businesses can produce goods and services more efficiently and effectively than individuals working independently. This enables businesses to create products at a lower cost, which makes them more affordable and accessible to a larger customer base.
Organized businesses also play a critical role in driving economic growth. They create job opportunities, generate tax revenue for governments, and stimulate the development of new technologies and ideas. Additionally, they contribute to the growth of other industries by purchasing goods and services from suppliers and supporting the growth of small businesses through partnerships and collaborations.
Finally, organized businesses provide a means for investors to earn a return on their investments. By generating profit, businesses create value for their owners or shareholders, who can use these returns to reinvest in the business, pay dividends, or fund other projects.
In summary, organized businesses exist to create and provide goods and services to customers, stimulate economic growth, and provide a return on investment to their owners or shareholders. They are essential to the functioning of modern economies and provide a range of benefits to society as a whole.
Learn more about businesses here:
https://brainly.com/question/15826604
#SPJ11
QUESTION 2:
a) Define economics and identify factors of production. (10
Marks)
b) Explain how economists answer the three key economics questions.
(10 Marks
a) Economics is the study of how society uses scarce resources to produce and distribute goods and services. There are four factors of production: land, labor, capital, and entrepreneurship. Land refers to natural resources such as water, minerals, and land itself. Labor refers to the work done by people in the production process. Capital refers to the goods used in the production process such as machinery, tools, and buildings. Entrepreneurship refers to the ability to organize and manage the other factors of production.
b) Economists answer the three key economic questions by looking at the factors of production and making decisions based on their scarcity. The three questions are:
1. What to produce? This question looks at what goods and services should be produced with the limited resources available. Economists look at consumer demand and cost of production to make this decision.
2. How to produce? This question looks at the most efficient way to produce the goods and services selected in question 1. Economists look at the most cost-effective way to produce the goods and services.
3. For whom to produce? This question looks at who will receive the goods and services produced. Economists look at income distribution and consumer preferences to make this decision.
Overall, economists use their understanding of the factors of production and the principles of supply and demand to answer these key economic questions.
To know more about Economists visit:-
https://brainly.com/question/13199035
#SPJ11
U.S. economist milton friedman believed that the only social responsibility of the corporation was to its stockholders. he also believed anything other than that would be considered:__________ communism capitalism socialism fascism
U.S. economist Milton Friedman believed that the only social responsibility of corporations was to its stockholders, and any other action would be considered a form of socialism or communism.
Milton Friedman was a prominent economist who strongly believed in the free-market system and minimal government intervention in the economy. In his view, the primary responsibility of corporations was to maximize profits for their shareholders, and any other social responsibility would be considered a form of socialism or communism.
Friedman argued that corporations should focus solely on their economic activities, such as producing goods and services efficiently and at a low cost, and letting the market determine the prices. According to him, any attempt by corporations to pursue social goals, such as environmental protection or philanthropy, would inevitably result in higher costs and lower profits, ultimately harming shareholders and society as a whole.
Friedman's views were controversial, and many critics argued that they ignored the broader social and environmental impacts of corporate activities. They argued that corporations have a responsibility to consider the interests of all stakeholders, including employees, customers, suppliers, and the communities in which they operate, and that this broader perspective is essential for long-term sustainability and economic prosperity.
In conclusion, Friedman believed that the only social responsibility of corporations was to its stockholders, and any other action would be considered a form of socialism or communism. However, this view is challenged by many who argue that corporations have a broader social and environmental responsibility to consider.
For more such questions on Socialism.
https://brainly.com/question/13838460#
#SPJ11
the marginal private benefit received by consumers is greater than the marginal social benefit. the marginal private benefit received by consumers is greater than the external benefit. the marginal private benefit received by consumers is greater than the marginal private cost. the marginal social benefit is greater than the marginal private benefit received by consumers.
When the marginal private benefit received by consumers is greater than the marginal social benefit, it means that consumers are receiving more benefits than what is beneficial for the society as a whole private cost.
Let's analyze each statement:
1. The marginal private benefit received by consumers is greater than the marginal social benefit: This situation indicates a negative externality, as the private benefits are higher than the overall benefits to society.
2. The marginal private benefit received by consumers is greater than the external benefit: This means that the benefits enjoyed by consumers are higher than the benefits experienced by those not directly involved in the transaction.
3. The marginal private benefit received by consumers is greater than the marginal private cost: This suggests that the net private benefit is positive, and consumers find it beneficial to engage in the activity.
4. The marginal social benefit is greater than the marginal private benefit received by consumers: This indicates a positive externality, as the overall benefits to society are greater than the benefits experienced by consumers.
By comparing these statements, we can understand the differences between private benefits, social benefits, external benefits, and private costs in various situations.
Learn more about private benefit here,
https://brainly.com/question/15604786
#SPJ11
Lowering the shopping cart abandonment rate is a reliable way to improve conversion rates. Which of the following actions is most likely to decrease shopping cart abandonment?
-Add more steps to the payment process.
-Streamline the payment process.
-All of the above.
-None of the above.
Streamlining the payment process is most likely to decrease shopping cart abandonment. So, the correct option is "Streamline the payment process."
This can be achieved by simplifying the checkout process, eliminating unnecessary steps, reducing the number of required fields, offering multiple payment options, and displaying shipping costs upfront. Research shows that a lengthy and complicated checkout process is one of the top reasons for shopping cart abandonment.
By making it easier and more convenient for customers to complete their purchase, businesses can reduce the likelihood of cart abandonment and increase their conversion rates. Adding more steps to the payment process, on the other hand, is likely to frustrate customers and lead to higher cart abandonment rates.
Therefore, streamlining the payment process is a reliable way to improve conversion rates and increase sales.
To know more about payment process refer here:
https://brainly.com/question/30473665#
#SPJ11
refer to the exhibit. campaign name reach impressions frequency cost cost per conversion conversions campaign 1 10,075 11,386 1.12 $29.02 $9.67 3 campaign 2 32,982 33,399 1.01 $17.43 $4.46 4 campaign 3 21,529 22,393 1.44 $58.04 $11.61 5 campaign 4 27,255 27,896 1.32 $34.86 $5.81 6 an advertiser needs to get customers at the lowest cost. which campaign should the advertiser use?
The advertiser should use Campaign 2.
In order to determine which campaign is the most cost effective for the advertiser, we need to consider the "cost per conversion" for each campaign. This metric represents the cost of acquiring a single customer. From the given data, we can see that the cost per conversion for each campaign is as follows: Campaign 1: $9.67, Campaign 2: $4.46, Campaign 3: $11.61, and Campaign 4: $5.81. Comparing these costs, we find that Campaign 2 has the lowest cost per conversion at $4.46, making it the most cost-effective option for the advertiser to acquire customers. Therefore, the advertiser should choose Campaign 2 to maximize their return on investment while minimizing acquisition costs.
To know more about the Campaign visit:
https://brainly.com/question/357428
#SPJ11
consider the following information about a firm that sells ice cream-making machines: quantity total costs total revenue 0 500 0 1 700 500 2 1,100 1,000 3 1,500 1,500 4 2,300 2,000 5 3,500 2,500 what are the maximum profits that this firm can earn?
The maximum profits that the firm can earn are $0.
To determine the maximum profits that the firm can earn, we need to find the point where the difference between total revenue and total costs is the highest. This is known as the profit-maximizing level of output.
To do this, we can calculate the marginal revenue (MR) and marginal cost (MC) for each level of output. MR is the change in total revenue from producing one additional unit, while MC is the change in total cost from producing one additional unit.
At the point where MR = MC, the firm is producing at the optimal level of output. We can see from the table that this occurs at 3 units of output, where MR = $1,500 and MC = $1,500.
Therefore, the maximum profits that the firm can earn are $1,500 - $1,500 = $0. At any level of output above 3 units, the total costs exceed the total revenue, resulting in negative profits. It is important for the firm to consider this when making decisions about how much to produce and at what price to sell their ice cream-making machines.
For more about maximum profits:
https://brainly.com/question/29248429
#SPJ11