The study of how customers derive utility from products or service is Marketing.
Marketing is a business activity that aims to create, promote, and distribute goods and services to satisfy customer needs and desires. Marketing aims to create value for customers through the development of innovative products, effective pricing strategies, and efficient distribution channels.
Marketing involves studying customers' needs and desires, as well as the market and the competition, in order to create products and services that meet those needs and desires.
It also involves promoting those products and services to potential customers through advertising, sales promotions, and personal selling.
Marketing is a critical business activity because it helps businesses understand their customers' needs and desires and develop products and services that meet those needs and desires. It also helps businesses create relationships with customers that can lead to long-term loyalty and profitability.
Marketing is a dynamic field that is constantly evolving as customers' needs and desires change, and businesses must be able to adapt quickly to stay competitive in today's fast-paced business environment.
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if a household has $40,000 in taxable income and its tax liability is $4,000, the household's average tax rate is a. 10 percent. b. 25 percent. c. 40 percent. d. 50 percent
Answer: a
Explanation:
A. 10 percent. The taxable income of $40,000 and the tax liability of $4,000 results in an average tax rate of 10 percent ($4,000 / $40,000 = 0.10, or 10 percent).
The average tax rate of a household having $40,000 in taxable income and $4,000 in tax liability is 10 percent.How to determine the average tax rate of a household?Taxable income is the amount of income that is subject to tax. Tax liability is the amount of tax that an individual owes. Average tax rate is the percentage of income that an individual pays in taxes. It can be calculated by dividing tax liability by taxable income.
The formula for average tax rate is given as:
Average Tax Rate = Tax Liability/Taxable Income
Given, Taxable income = $40,000Tax liability = $4,000Therefore, the average tax rate of the household is:
Average Tax Rate = Tax Liability/Taxable Income= $4,000/$40,000= 0.10 or 10%
Thus, the average tax rate of the household having $40,000 in taxable income and $4,000 in tax liability is 10 percent. Hence, the answer is option a. 10 percent.
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Which of the following is most likely to be true of consumers who experience time pressure while deciding on a purchasing activity?a. Consumers are more likely to process purchase related information at a deeper level.b. Consumers are more likely to rely on simple choice heuristics.c. Consumers' orientations are more likely to switch from utilitarian to hedonic.d. Consumers are less likely to buy brands positioned as relatively high quality.e. Consumers are more likely to shop with others rather than shopping alone.
b. Consumers are more likely to rely on simple choice heuristics.
What is consumer behavior?The study of consumer behaviour focuses on how people and communities choose, acquire, utilize, and discard goods, services, concepts, or experiences to satiate their wants and needs. It entails looking at things like cultural, social, personal, and psychological elements that affect how customers make decisions. Analyzing consumer behaviour also entails looking at how they seek out information, weigh their options, make decisions, and behave after making a purchase. To develop successful marketing strategies that appeal to their target audience and offer them goods that suit their wants and preferences, marketers must have a solid understanding of consumer behaviour.
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philip morris markets marlboro cigarettes, the number-one selling cigarette brand in the world. outside the united states, marlboro generates huge profits that philip morris uses to support other less successful sbus. according to the bcg matrix, marlboro is an example of a .
Marlboro is an example of a cash cow according to the BCG Matrix.
Cash cows have high market share in a mature market, meaning that they have already established themselves as a leader in their market, and the demand for their product is stable and consistent.
Marlboro cigarettes have been the leading brand of cigarettes in the world for decades and the demand for their product remains steady. The profits from Marlboro cigarettes outside the United States are used to support other, less successful SBUs within the Philip Morris company. As a cash cow, Marlboro brings in steady profits to the company, which can then be used to support the other parts of the business.
In summary, according to the BCG Matrix, Marlboro cigarettes are classified as a cash cow. A cash cow is a product that has a high market share in a low-growth industry, generating excess cash that can be used to fund other business units that are not as profitable.
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if 12,500 units were produced and sold, what is the average fixed manufacturing cost per unit produced?
The average fixed manufacturing cost per unit produced is calculated by dividing total fixed costs by the number of units produced. In this case, if 12,500 units were produced and sold, the average fixed manufacturing cost per unit is calculated by dividing total fixed costs by 12,500 units.
Total fixed costs can be found by subtracting the variable manufacturing costs from the total costs. This can be calculated by multiplying the variable costs by the number of units produced and subtracting it from the total cost of production. After subtracting variable costs, divide the resulting number by the number of units produced to find the average fixed manufacturing cost per unit.
Therefore, the formula to calculate the average fixed manufacturing cost per unit produced is as follows: Average fixed manufacturing cost per unit produced = (Total cost of production - (Variable cost per unit x Number of units produced)) / Number of units produced.
In this case, the average fixed manufacturing cost per unit produced is equal to (Total cost of production - (Variable cost per unit x 12,500)) / 12,500.
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When using the high-low method, if the high or low levels of cost do not match the high or low levels of activity:
a. choose the period with the highest and lowerst level of cost and their associated activities.
b. skip that period and move to the next highest or lowest level where cost and activity match.
c. choose the period with the highest and lowest level of activity and their associated costs.
When using the high-low method, if the high or low levels of cost do not match the high or low levels of activity, the correct option is to choose the period with the highest and lowest level of activity and their associated costs. (C)
The high-low method is a cost estimation technique that involves separating a mixed cost into its fixed and variable components by comparing the highest and lowest points on the cost-volume graph. The method is based on the idea that the difference between the highest and lowest points on the graph is entirely due to the variable cost element of the mixed cost, and the fixed cost element remains the same regardless of the level of activity.
However, there may be cases when the high or low levels of cost do not match the high or low levels of activity, which could occur due to various reasons such as outliers, measurement errors, or abnormal situations. In such cases, the correct option is to choose the period with the highest and lowest level of activity and their associated costs.
This is because the high-low method assumes that the cost behavior pattern observed at the highest and lowest levels of activity is representative of the entire range of activity. Therefore, by choosing the period with the highest and lowest level of activity and their associated costs, we ensure that we are using the most relevant and representative data to estimate the fixed and variable cost components.(C)
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in 2014, the top 10 percent of u.s. households received approximately of all income. a. 25 b. 70 c. 50 d. 10
In 2014, the top 10 percent of u.s. households received approximately 25% of all income. (A)
In 2014, the top 10% of US households received approximately 25% of all income. This is significantly higher than the median of the bottom 90%, which was only 14.6%.
This means that the top 10% earned roughly 10 times more than the bottom 90%. The gap between the rich and the poor has been steadily increasing since the early 1980s and this trend has continued through 2014.
The disparity between the top 10% and the rest of the population is indicative of economic inequality in the US. This has far reaching consequences on economic growth, social mobility, and opportunity.
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the graph of the relationship between yield to maturity and time to maturity for newly issued bonds selling at par is referred to as the
The relationship between yield to maturity and time to maturity for newly issued bonds selling at par is referred to as the: on-the-run Yield Curve.
The yield curve is an important tool for financial professionals, as it can indicate a number of economic trends.
The yield curve graph typically shows how the yields of bonds change depending on their maturity. It usually has the yield on the vertical axis and the time to maturity on the horizontal axis. Generally, the graph is an upward sloping curve, as the longer the maturity period, the higher the yield to maturity. This makes sense since investors expect to be rewarded with higher yields if they are investing in longer-term bonds.
The yield curve is also used to indicate market expectations. For instance, a steep upward sloping yield curve can indicate that the market expects economic growth and higher inflation rates in the future. A flattening or downward sloping yield curve can indicate that the market expects low economic growth and low inflation.
Overall, the yield curve is an important tool for financial professionals as it can provide insight into a number of economic trends. It is used to assess the current state of the economy and make predictions about future economic performance.
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which of the following would not be considered a group? which of the following would not be considered a group? the employees at a fast-food restaurant the faculty members of the english department at your college the people who shop at a mall the organizers of the chicago marathon
Answer:
the people who shop at a mall. Hopefully, I correctly answered your question! If I did, I would really appreciate Brainliest. You can give Brainliest by clicking the crown (it only works if there’s two people who answered.) I would also appreciate if you rated my answer 5 stars, and clicked the heart!
The people who shop at a mall would not be considered a group.
What is a group?A group is a collection of people or objects that are located near each other or are considered or classified as a unit. A group is a collection of individuals, organizations, or things that are considered together because they share a characteristic.
Effective Group Characteristics
1. The group's objectives are well known.
2. The members of the group operate well together.
3. A sense of "belonging" to the community exists.
4. There is a shared feeling of responsibility for the group's success.
5. Group members are able to converse openly.
6. Members of the organization are open to hearing and respecting opposing viewpoints.
7. The introduction of novel ideas aids in the retention of interest and motivation.
Therefore, the people who shop at a mall do not possess any of the characteristics of a group.
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the receivable that is usually evidenced by a formal instrument of credit is a(n) a.accounts receivable. b.note receivable. c.intangible receivable. d.income tax receivable.
The receivable that is usually evidenced by a formal instrument of credit is a note receivable.
What is Receivable?Receivable is a bookkeeping term for money that a business is owed. An accounts receivable, for example, is money that a customer owes a business for goods or services purchased on credit. A note receivable is a more formal type of credit that is used less often.
The following are the various types of receivables:
Trade receivables are receivables that result from the provision of services or goods by a business. In other words, it is the sum of money owed to a company by its customers. Accounts receivables, trade notes, bills of exchange, and promissory notes are all examples of trade receivables.
Non-trade receivables are financial assets that do not result from the primary activities of a company. This sort of receivable, unlike trade receivables, does not arise from commercial activity. Tax refunds, dividends receivable, and insurance claims are examples of non-trade receivables.
Conclusion:Thus, the receivable that is usually evidenced by a formal instrument of credit is a note receivable.
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normative economic statements group of answer choices violate the law of ceteris paribus. contain value judgments. are usually irrational. are easily testable.
Normative economic statements "contain value judgments" and are usually irrational. Thus, Option B is correct.
Normative economic statements are subjective statements that involve value judgments and opinions. These statements cannot be easily tested or proven true or false, as they are based on personal beliefs and opinions. They are different from positive economic statements, which are objective and based on empirical evidence.
Normative statements violate the law of ceteris paribus, which means that they do not consider all the factors that could affect an economic decision. As a result, they cannot be easily tested or verified. It is important to differentiate between normative and positive statements when analyzing economic theories and policies.
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according to the census bureau, in october 2016, the average house price in the united states was $27,158. 6 years earlier, the average price was $21,708. what was the annual increase in the price of the average house sold?
According to the census bureau, in october 2016, the average house price in the united states was $27,158. 6 years earlier, the average price was $21,708. The annual increase in the average house price between October 2010 and October 2016 was 3.84%.
We can use the following formula to calculate the annual increase in house price:
Annual increase = ((Current price / Previous price)¹/ᵃ - 1) x 100%
where:
Current price = $27,158
Previous price = $21,708
a = years = 6
Plugging in the values, we get:
Annual increase = ((27,158 / 21,708)¹/₆ - 1) x 100%
= (1.2503¹/⁶- 1) x 100%
= (1.0384 - 1) x 100%
= 3.84%
Therefore, the annual increase in the price of the average house sold was 3.84%.
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if an adjuster terminates their insurance appointment, how long from the date of the termination do they have to reactivate their appointment?
When an adjuster terminates their insurance appointment, they must reactivate the appointment within 60 days from the date of the termination. If the adjuster does not reactivate the appointment within the allotted time, the appointment will be permanently closed and the adjuster will have to apply for a new appointment.
It is important for adjusters to keep track of their appointments and ensure that they remain active. If an appointment is terminated, the adjuster should act promptly to reactivate it within the given time frame. Failure to do so may result in the need to reapply for the appointment, which can be time-consuming and may require additional documentation.
To avoid this situation, adjusters should communicate regularly with their insurance provider and ensure that all necessary paperwork is filed on time. They should also keep a record of their appointments and termination dates, so they can act quickly to reactivate the appointment if necessary.
To reactivate the appointment, the adjuster should contact their insurance provider and provide all necessary information. The adjuster may need to provide documentation of the terminated appointment, such as a copy of the termination letter.
Once the insurance provider verifies the termination and reactivates the appointment, the adjuster will be able to continue their duties.
Overall, maintaining an active appointment is crucial for adjusters to continue their work and ensure that they are able to provide quality service to their clients.
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what is an advantage of direct marketing? multiple choice question. it can be customized to match the needs of a target
An advantage of direct marketing is that it can be customized to match the needs of a target audience.
What is direct marketing?Direct marketing is a marketing strategy that involves communicating with customers directly without using intermediaries such as advertising, public relations, or salespeople. Companies use direct marketing to contact customers with targeted messages, encouraging them to make purchases, respond to surveys, or take some other action.
Direct marketing has several advantages, including:
Personalization - Direct marketing allows businesses to tailor their messaging to the needs and preferences of individual customers, providing a more personalized experience. This is important because customers are more likely to respond positively to messages that are relevant to their interests.Cost-effectiveness - Direct marketing is a cost-effective way to reach customers because businesses can target specific segments of the population with tailored messages.Improved response rates - Direct marketing has been shown to have higher response rates than traditional forms of advertising because it is more targeted and personalized.Measurability - Direct marketing campaigns can be easily tracked and measured, allowing businesses to determine the effectiveness of their messaging and adjust their strategies accordingly.Greater control - Direct marketing gives businesses greater control over the messages they send to customers, allowing them to tailor their messaging to specific segments of the population as needed.To know more about direct marketing refer here :
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the toy box pays an annual dividend of $2.40 per share and sells for $46.60 a share based on a market rate of return of 15 percent. what is the capital gains yield?
The capital gains yield is 9.44%.
Capital gains yield is the percentage of an investment's value that increases in a given year as a result of share price increases. In this question, we are asked to find the capital gains yield of the toy box that pays an annual dividend of $2.40 per share and sells for $46.60 a share based on a market rate of return of 15 percent. The formula to calculate capital gains yield is: Capital gains yield = (P1 - P0) / P0 × 100%Where:P0 is the purchase price of the stock, which is $46.60P1 is the selling price of the stock, which is unknown at this point.
Therefore, the formula to calculate the capital gains yield can be written as: Capital gains yield = (P1 - $46.60) / $46.60 × 100%We need to solve for P1. To do that, we can use the following formula: Market rate of return = dividend yield + capital gains yield Or Capital gains yield = market rate of return - dividend yield .Substituting the values into the above formula: Capital gains yield = 15% - ($2.40 / $46.60)Capital gains yield = 9.44%Therefore, the capital gains yield is 9.44%.
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which of the following would ordinarily be classified as current assets on the balance sheet? note: select all that apply. check all that apply accounts receivable accounts receivable accounts payable accounts payable cash cash
A: Accounts Receivable and C: Cash are ordinarily classified as current assets on the balance sheet.
Based on typical accounting practices, the following items would ordinarily be classified as current assets on the balance sheet:
Accounts receivable: This is money that a business is owed by its customers for goods or services that have been sold but not yet paid for.Cash: This includes all the cash that a business has on hand or in bank accounts.Accounts payable, on the other hand, is typically classified as a current liability on the balance sheet. Accounts payable refers to the money that a business owes to its suppliers or vendors for goods or services that have been purchased but not yet paid for.
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martha and liz have applied for a mortgage. they both have excellent credit and very successful careers and they are perfect on paper. martha and liz are partners and are expecting the birth of their first child together. they are denied a loan. what's the violation here?
Martha and Liz have likely been denied a mortgage due to their marital status. In some jurisdictions, it is illegal to deny a loan to individuals based on their sexual orientation or marital status. This practice is a violation of their civil rights and would be considered discriminatory.
The violation in the given situation is likely based on discrimination against Martha and Liz due to their sexual orientation or marital status. Mortgage discrimination is against the law in the United States, and it occurs when a lender refuses to lend to someone based on their characteristics that are protected by the Fair Housing Act. Discrimination based on race, gender, national origin, disability, and familial status is prohibited under the Fair Housing Act, as well as discrimination based on sexual orientation or marital status in certain states or localities.
It is entirely possible that the lending institution denied Martha and Liz's mortgage loan because of their sexual orientation or marital status. They may have looked perfect on paper in terms of their credit scores and job stability, but discrimination can come in many forms, and it is not always evident.
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individual taxpayers are not taxed on their cancellation of debt (cod) income if their debt was forgiven as part of bankruptcy proceedings group of answer choices true false
True. Individual taxpayers are not taxed on their Cancellation of Debt (COD) income if their debt was forgiven as part of bankruptcy proceedings.
This applies to any debts forgiven in the tax year, such as credit card debt, student loan debt, business debt, or other forms of debt.
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Assume the market price is $65, marginal cost is $35, marginal revenue is $35, and average total cost is $39. In this market, the monopolist will
A)operate at a loss.
B)operate at a profit.
C)have zero profits.
D)expand their output.
If the price is higher than the average total cost, the monopolist will operate at a profit. Option B is correct.
In this market, the monopolist will B) operate at a profit.
To determine this, we can follow these steps:
1. Compare marginal cost (MC) and marginal revenue (MR). If MC = MR, the monopolist has maximized their profit.
2. Check if the average total cost (ATC) is less than the market price.
In this case, MC = $35 and MR = $35, so the monopolist has maximized their profit. Additionally, ATC = $39, which is less than the market price of $65. Since the price is higher than the average total cost, the monopolist will operate at a profit. Option B is correct.
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in 3-4 paragraphs list and describe three ways people may illegally remain in the united states. what are the restrictions and penalties for hiring illegal immigrants?
There are three main ways for people to remain in the United States illegally: overstaying a visa, entering the country without authorization, or obtaining false documents.
Restrictions and penalties for hiring illegal immigrants vary by state, but typically include fines, jail time, and/or criminal charges. Employers should always verify the immigration status of any potential hires, and any employers who are found to have knowingly hired illegal immigrants can face severe penalties.
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all other things unchanged, an increase in loanable funds demand would most likely be caused by a(n):
The final answer rise in investment opportunities will encourage people to invest, resulting in a rise in loanable funds demand.
An increase in loanable funds demand would most likely be caused by a(n) increase in investment opportunities. When all other things remain constant, an increase in loanable funds demand would most likely be caused by an increase in investment opportunities.
An increase in investment opportunities would make borrowers willing to take on more loans to finance their investment ventures. When the number of investment opportunities in the economy increases, loanable funds demand increases correspondingly, resulting in an increase in the overall interest rate.
Investment, which is an essential determinant of loanable funds demand, increases the demand for funds because investors require money to finance investment ventures. Investment is a type of economic activity that is influenced by economic conditions,
such as interest rates and market expectations, as well as non-economic conditions, such as political and social factors.
Thus, a rise in investment opportunities will encourage people to invest, resulting in a rise in loanable funds demand.
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fill in the blank A human resource ______ of an organization reveals the demographic of the firms labor force and whether it is technically up to date an thoroughly trained.
A human resource audit of an organization reveals the demographic of the firms labor force and whether it is technically up to date an thoroughly trained.
What is Human Resource Audit?Human resource audit is an examination of policies, procedures, documentation, systems, and practices of a human resource function.
The primary purpose of HR audit is to determine the effectiveness of HR policies and practices in order to ensure the HR department is in compliance with employment laws and to improve the overall functioning of the organization.
The audit identifies areas of HR where deficiencies exist and what actions need to be taken in order to rectify those deficiencies.
An HR audit should cover:
Employment policies and procedures
Personnel files
Benefits administration
Payroll Administration of human resources programs and functions
Training and development programs
Equal employment opportunity and affirmative action programs
Performance appraisal systems
Labor relations and compliance with employment laws
Occupational health and safety policies and practices
Personnel transactions conducted on an HRIS
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one responsibility of the employer is to consider if there are any other, less toxic chemicals that could perform a similar job. this process is called
One responsibility of the employer is to consider if there are any other, less toxic chemicals that could perform a similar job. This process is called: product substitution.
What is Product substitution?Product substitution is the practice of replacing a hazardous chemical with a less harmful alternative in the workplace. It is a responsibility of the employer to ensure that employees are not exposed to harmful chemicals that could cause injury or illness. Product substitution is an important step in reducing workplace hazards and protecting employee health.
Employers can identify alternative products by conducting a thorough risk assessment and examining the properties of different chemicals. They can also consult with suppliers or industry associations to identify safer alternatives. By using less toxic chemicals, employers can reduce the risk of exposure to hazardous substances and prevent workplace injuries and illnesses.
Therefore, one responsibility of the employer is to consider if there are any other, less toxic chemicals that could perform a similar job, and to replace hazardous chemicals with less harmful alternatives through the process of product substitution.
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suppose that the price of borrowing money is $0.04 per year for every dollar you owe. the interest rate is multiple choice question. 0.04 percent. 0.40 percent. 40 percent. 4 percent.
The interest rate is d) 4 percent.
Calculate the interest rateTo explain this, for every dollar you borrow, you must pay $0.04 in interest each year.
Therefore, if we divide the $0.04 by the dollar borrowed, we get the interest rate of 4%. Mathematically, this can be expressed as:
Interest Rate = $0.04 / Dollar Borrowed x 100 = 4%. By this result the answer of interest rate is 4%.
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what factors must a company consider when evaluating training resources? (select all that apply.) multiple select question. manager interest training expertise time budget
When evaluating training resources, a company must consider various factors. Some of the factors that a company must consider when evaluating training resources are as follows:
Manager interest Training expertise Time Budget Explanation:
For a company to evaluate training resources, it is important to consider certain factors that help in the overall development of the organization. Below are the factors that the company must consider while evaluating training resources:
Manager interest: The company must consider the interest of the manager in the development of the employee's training.
Training expertise: It is important to evaluate the expertise of the trainers in order to determine if the trainers are capable of providing the required training.
Budget: Budget is also one of the important factors that the company must consider. The budget helps in determining the company's capacity to provide training resources.
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calculate variable cost using the high-low method. month units sold total cost jan. 190 $2,000 feb. 180 $2,100 march 40 $600 april 65 $550
To calculate the variable cost using the high-low method, first identify the highest and lowest activity levels:
Highest activity level: January with 190 units sold
Lowest activity level: March with 40 units sold
Then, calculate the variable cost per unit:
Variable cost per unit = (Total cost of highest activity - Total cost of lowest activity) / (Units sold at highest activity - Units sold at lowest activity)
Variable cost per unit = ($2,000 - $600) / (190 - 40)
Variable cost per unit = $6.32
Finally, multiply the variable cost per unit by the number of units sold in the other months to calculate the variable cost:
April variable cost = 65 units x $6.32 = $411.80
February variable cost = 180 units x $6.32 = $1,149.60
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when there is a sharp decline in the cboe volatility index (vix), stock prices also tend to decline. group of answer choices false true
The statement that when there is a sharp decline in the CBOE Volatility Index (VIX), stock prices also tend to decline, is true. The CBOE Volatility Index (VIX) is a measure of market volatility and is often referred to as the “fear gauge”, as it is a measure of the expectation of volatility over the next 30 days.
When the VIX is high, it typically indicates that investors are expecting a sharp market move, either up or down. When the VIX is low, it typically indicates that investors are expecting a relatively calm and steady market. Therefore, when the VIX experiences a sharp decline, this is often a sign that investors are becoming more confident and less fearful, and that stock prices will tend to follow suit.
To illustrate this, consider the recent market volatility caused by the coronavirus pandemic. As the virus spread, market uncertainty increased and the VIX spiked to an all-time high of 82.69. This was followed by a sharp decline in the VIX, as investors became increasingly confident that the worst of the crisis was over. This confidence was reflected in the stock market, and the S&P 500 rose by approximately 25%.
Overall, the statement that when there is a sharp decline in the CBOE Volatility Index (VIX), stock prices also tend to decline, is true. The VIX is a measure of market volatility, and when it declines, it typically indicates that investors are becoming more confident and stock prices will rise as a result.
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according to sponsorship, based on a 2015 study, what percentage of the north american sponsorship market is sports?
According to sponsorship, based on a 2015 study, 70% of the North American sponsorship market is sports.
What is sponsorship?Sponsorship refers to the monetary or in-kind support given by businesses to organizations, events, or causes. Businesses benefit from increased brand recognition, improved consumer perception, and increased sales when they sponsor something.The practice of sponsoring anything in exchange for something in return is known as sponsorship.
When one firm supports another, they typically do so to increase recognition, reputation, or influence. Companies can also sponsor events, which can help them attract new customers and boost their brand image.
What percentage of the North American sponsorship market is sports?According to a 2015 report, sports events are the most popular sponsorship item, accounting for around 70% of the North American sponsorship market. Sports events are followed by entertainment and non-profit organizations, respectively, in terms of popularity.
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a change in relative prices between two counties has caused net exports to increase, resulting in real gdp increasing from $12,000 to $17,000. what is the percent change in real gdp? round your answer to the nearest tenth.
The percent change in real GDP between two countries is (17000 - 12000) / 12000 = 41.7%. The percent change in real GDP is 41.7%, rounded to the nearest tenth.
To find the percent change in real GDP, we can use the following formula:
Percent change in real GDP = ((New real GDP - Old real GDP) / Old real GDP) x 100%
Substituting the given values, we get:
Percent change in real GDP = ((17000 - 12000) / 12000) x 100%
Percent change in real GDP = (5000 / 12000) x 100%
Percent change in real GDP = 41.7%
Therefore, the percent change in real GDP is 41.7%, rounded to the nearest tenth.
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lawyers work in pleasant surroundings at low risk of injury, but they generally receive higher pay than construction workers. this is because
The statement that lawyers work in pleasant surroundings at low risk of injury, but they generally receive higher pay than construction workers because: Lawyers work in pleasant surroundings at low risk of injury, but they generally receive higher pay than construction workers because of their higher education and specialized skills.
The level of education required for a lawyer is much higher than for a construction worker. Lawyers usually have completed an undergraduate degree and then have gone to law school for at least three years. During their education, they have learned skills such as research, writing, and critical thinking, as well as specialized knowledge of the law. These skills and knowledge are in high demand and are what allow lawyers to command higher salaries.Construction workers typically do not require as much education and training as lawyers. While there may be some specialized skills required for certain construction jobs, the overall level of knowledge and education required is generally lower than that of a lawyer. This is why construction workers typically receive lower pay than lawyers, even though their jobs may involve more physical labor and a higher risk of injury.
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during times of economic recession, what can stimulate the economy? group of answer choices both monetary and fiscal policy can be used to influence economic activity the government erases debt for both individuals and businesses the central bank uses monetary policy to determine how much money and credit is available to consumers the government uses fiscal policy to impact government spending and taxes
During times of economic recession, both monetary and fiscal policy can be used to influence economic activity. The central bank uses monetary policy to determine how much money and credit is available to consumers, while the government uses fiscal policy to impact government spending and taxes.
What is Fiscal Policy?Fiscal policy is the use of government revenue collection and expenditure to influence the economy. The two major instruments of fiscal policy are government spending and taxation.
Changes in the level and composition of taxation and government spending can influence the following macroeconomic variables in an economy:
Aggregate demand and the level of economic activity;The pattern of resource allocation;The distribution of income;Fiscal policy is frequently used in conjunction with monetary policy, which attempts to influence the supply of money and credit in the economy.What is Monetary Policy?Monetary policy is the process by which the monetary authority of a country, like a central bank, controls the supply of money, often targeting an inflation rate or interest rate to guarantee price stability and general trust in the currency. Monetary policy is usually contrasted with fiscal policy, which focuses on government spending and taxation, and is implemented by the government rather than the central bank.
In monetary policy, the central bank uses several policy tools to influence the availability and cost of money and credit. These include open market operations, the discount rate, and reserve requirements, among others. Monetary policy is executed through a variety of channels, such as interest rates and credit flows. Monetary policy can be used to stabilize macroeconomic variables like inflation, output, employment, and foreign exchange rates, among others.
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