When the income-consumption curve is backward-bending to the left, the good represented on the x-axis must be?

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Answer 1

When the consumption-income curve swerves back and forth, the goods represented on the x-axis must be inferior goods.

The income-consumption curve or income expansion path can be defined as the optimal set of consumer combinations, which is obtained by varying their income levels and keeping the prices of goods constant. That is, how consumers' choices change when their incomes change and prices are maintained.

The positive sign (+) indicates a positive relationship between consumption and income. The consumption function curve line can be drawn by taking two points which are then connected by a straight line. The consumption function curve is drawn by taking a line that passes through point 1 and point 2.

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Related Questions

a common cognitive bias is , which is when decision makers continue to support and invest in a project, even after receiving feedback indicating that it is likely to fail.

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A common cognitive bias is escalating commitment, which is when decision makers continue to support and invest in a project, even after receiving feedback indicating that it is likely to fail.

What is  cognitive bias?

A cognitive bias can be described as the  systematic pattern of deviation which could be  a deviation from the  norm or rationality in judgment.

It should be noted that Individuals do  create their own "subjective reality which do comes from the way they see things, hence common cognitive bias is escalating commitment, which is when decision makers continue to support and invest in a project, even after receiving feedback indicating that it is likely to fail.

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what is the efficient markets hypothesis (emh), and what are its three forms? what evidence supports the emh? what evidence casts doubt on the emh

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The Efficient Market Hypothesis (EMH) is a financial hypothesis that asserts that asset prices properly represent all relevant and available information. The EMH comes in three varieties: mild, semi-strong, and powerful. According to the Weak Efficient Market Hypothesis, current asset prices reflect all information on past prices.

Weakness in the Efficient Markets Hypothesis. The weak form of the EMH assumes that security prices represent all publicly available market information but may not reflect newly available information. It also implies that previous price, volume, and return information is independent of future pricing. EMH comes in three varieties: mild, semi-strong, and powerful. Weak EMH Form implies that all previous knowledge has been priced into securities. Fundamental research of securities can supply you with information that will allow you to outperform the market in the near run.

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Max is a waiter at a coffee shop. he gets paid $100 every day at 9 p.m. regardless of the number of customers he serves during the day. in this scenario, max's payment is based on the ________.

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Max is a waiter at a coffee shop. He gets paid $100 every day at 9 p.m. regardless of the number of customers he serves during the day. In this scenario, max's payment is based on the fixed-interval schedule. Hence, option C is correct.

What is fixed-interval schedule?

In fixed-interval schedules, the first reaction is only rewarded when a predetermined amount of time has passed. With this schedule, reactions are quicker toward the end of the interval but slower immediately following the reinforcement.

A child may receive a candy as part of a fixed-ratio program after reading three to ten pages of a book.

Thus, option C is correct.

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The options are missing-

a. fixed-ratio schedule

b. variable-interval schedule

c. fixed-interval schedule

d. variable-ratio schedule

Or each of the following items, determine whether the item would be? a. added to the bank balance b. subtracted from the bank balance c. added to the book balance d. subtracted from the book balance

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The answer is option c. added to the book balance.

What Is Book Balance?

According to its accounting records, a company's book balance represents its cash position. Transactions that haven't been settled or cleared through the bank account may be included in the book balance.

The amount in a company's book balance is what remains after checks that haven't cleared, deposits that aren't yet received, or any outstanding withdrawals from accounts have been taken into consideration.

To put it another way, the book balance is a running total of a business's account balance after taking into account all transactions, some of which have not yet been matched up with the bank account.

Businesses can control the monthly cash flow activities, which include cash coming in and cash going out from the organization, by making sure that the book balance is accurate.

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The economic model of social responsibility places primary emphasis on:______.

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The economic model of social responsibility places primary emphasis on profits.

This is further explained below.

What is an economic model?

Generally, A simplified depiction of reality that is intended to generate testable hypotheses about how the economy behaves is what economists refer to as an economic model.

Because there are no objective methods for measuring the results of economic activity, a key characteristic of an economic model is that its construction must always be susceptible to subjectivity.

In conclusion, Within the framework of the economic paradigm of social responsibility, profits are given fundamental importance.

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in a laissez-faire economy, what gets produced, how it is produced, and who gets it. group of answer choices the behavior of buyers and sellers determines the central government authority determines firms but not consumers determine consumers but not firms determine

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The correct answer is A. In a Laissez-faire economy,  the performance or behavior of the sellers and buyers will determine what is supposed to get produced, how it should be produced, and who would get it.

The laissez-faire economic philosophy, which dates back to the 18th century, is opposed to any forms of governmental involvement in business matters. Laissez-faire, a French concept that translates to "leave enough" in English, is based on the idea that society will profit from businesses running with less government involvement. The idea that economic competition is an aspect of the "natural order" that rules the world is one of the fundamental principles of laissez-faire economics. Laissez-faire economists argue that since this natural self-regulation is the optimum form of regulation, government intervention in industrial and commercial affairs is unnecessary.

In a Laissez-faire economy, __________ what gets produced, how it is produced, and who gets it.

A. The behavior of buyers and sellers determines

B. The central government authority determines

C. Firms but not consumers determine

D. Consumers but not firms determine

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Lucas wants to buy a new car. Before he makes a final purchase, he decides to do a full web-based information search. He also talks with his family and friends to gain even more knowledge. What type of decision-making is this an example of?.

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Lucas wants to buy a new car. Before he makes a final purchase, he decides to do a full web-based information and near ones. This type of decision-making is an example of extended problem-solving.

Making decisions, gathering data, and considering possible solutions are steps in the decision-making process. By following a step-by-step decision-making process and organizing relevant information and outlining alternatives, you can make more thoughtful and intelligent decisions.

Strong decision-making  problem resolution and put decision makers in leadership positions. Strong decisions must be unbiased and free from any emotional factors that can cause us to ignore flaws. Additionally, such decision-making ought to be rational and transparent.

Extended problem-solving refers to the situation where a prospective customer searches for the best product or service in a new, pricey, or infrequently purchased category, requiring a lot of research. In limited problem solving, consumers have the fundamental notion or the evaluation criteria set, whereas, in routine response behavior, consumers just require a small amount of extra information to make a decision.

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A __________ is an mnc that centralizes management and other decisions in the home country.

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A centralized global ia an mnc that centralizes management and decisions in the home country.

The indeed Editorial team comprises a diverse and gifted team of writers, researchers and problem depend experts geared up with certainly's records and insights to supply beneficial guidelines to help guide your career adventure. In this newsletter, we provide an explanation for what a multinational organization is, describe the way it works, listing four varieties of agencies that fall underneath this category and explore the pros and cons of being a multinational organisation.

A multinational organisation is an organization that has assets or centers in multiple countries. While they usually have a main workplace in their home us of a, these organizations may have offices, factories and other locations spread out across the globe. To be considered a multinational corporation, an employer need to have at least one location in another country, although they already export goods overseas. at some stage in your profession, you may also hear multinational groups called MNCs, international corporations, multinational enterprises or stateless corporations.

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your buyer client, percy, wants to start searching for his dream house and knows he needs to obtain financing to accomplish that. what’s his first step?

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A first step is to obtain a pre-qualification letter.

Give further financial details?

The management of financial resources is referred to as "finance," and it includes activities like forecasting, borrowing, lending, and investing. Three categories of finance exist: personal, business, and public/government.

The importance of finance in business lies in its capacity to ensure that a company operates without any financial hiccups, such as running out of cash, while also guaranteeing that money is secure and prudently spent for long-term benefits.

The finance function is responsible for acquiring and managing a company's financial resources. Financial operations are related to overall organizational management. Making strategic decisions about issues including business kind, firm size, equipment type, debt use, and liquidity is a responsibility of the finance function.

What aspect is the fix and flip investor most worried about?

Compared to a hard money lender, a lender of fix and flip loans has various considerations. The property and the borrower are the two main factors to consider while fixing and flipping. Hard money lenders are interested in real estate. These loans can be obtained by small businesses and private lenders by using the property as collateral.

How does the note holder show that the loan has been paid off?

A promissory note release must be signed by the note's holder once the debt on the note has been paid in full. A statement of this kind acts as the borrower's evidence that the loan has been settled. A release and satisfaction of a promissory note is another name for this.

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during a sales presentation, ursula, the salesperson, is unable to understand what her customer means by his last statement. what should she do to verify her customer's intent?

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During a sales presentation, Ursula, the salesperson, is unable to understand, to customer's intent Restate the customer's comment.

An effective sales presentation tells a compelling story, emphasizes your value proposition, and aligns with your audience's needs and desires. End with a strong call to action that guides your prospects to the differentiator instead of leading them.

A good product presentation combines two key ingredients for her: the way a presenter conveys information and the visuals that explain it. When presenting your product idea to investors and peers, your presentation should be packed with information that calls your audience to action.

A sales presentation or sales pitch is a series of conversations that attempt to persuade someone or something with a planned sales presentation strategy for a product or service with the goal of initiating and completing the sale of the product or service.

During a sales presentation, the salesperson, Ursula, is unable to understand what her customer means by his last statement. What should she do to verify her customer's intent?

A. All of these

B. Quickly move to a trial close

C. Restart her presentation

D. Call her sales manager

E. Restate the customer's comment

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In most high-income economies, including the united states, goods currently make up ___________, while services currently compose ____________.

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In most high-income economies, including the united states, goods currently make up less than half of total production, while services currently compose more than half of total production.

The output of an economic system is goods and services. While services are tasks completed for the benefit of the recipients, goods are physical products that are sold to clients. Cars, appliances, and apparel are a few examples of products. Services like house cleaning, consulting, and legal counsel are a few examples. Between these two ideas is where a business's output can lie.

Services and goods are connected ideas in economics because both are necessary to fulfill our wants and needs. The things we purchase when we buy a good are tangible objects having a physical presence.  However, transfer of ownership from the seller to the buyer does occur in transactions involving services.

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reshoring is the practice of moving operations from the country where a company is headquartered to a country where pay rates are lower but the necessary skills are available.

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Reshoring is the practice of moving operations from the country where a company is headquartered to a country where pay rates are lower but the necessary skills are available. This statement is true.

A country is a specific part of the world, such as B. State, Country, or Other Political Parties. It can be a sovereign state or part of a larger state.[1] For example, Japan is an independent sovereign state, while Wales is part of the United Kingdom, a multi-sovereign state.

The definition and usage of the word "country" are flexible and have changed over time. The Economist wrote in 2010, "Attempting to find a clear definition of a country quickly encounters a maze of exceptions and anomalies." Areas of government (e.g. Senegal) or geographical areas associated with certain distinct political, ethnic, or cultural characteristics (e.g. Basque Country).

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Osceola county bonds worth $1,000 are selling at 88.391. what is the market price of one such bond? a. $1,088.39 b. $1,000.00 c. $883.91 d. $88.39 please select the best answer from the choices provided a b c d

Answers

The market price of one such bond is $883.91.

The market price is the price at which a good or service may currently be purchased or sold. The dynamics of supply and demand decide how much an item or service will cost on the market. The market price is the cost at which supply and demand are equal.

When a vendor sells a product at the market price without offering a discount, we compute tax on the marked price.

In that situation, the selling price and the indicated price are same. Therefore, tax is computed based on the listed price.

It is given that

Worth of the bond = $1000

Selling price = $88.391

Market price of the bond = selling price × worth of the bond/100

Market price = 1000 × 88.391/100

= $883.91

Therefore, the market price of one such bond is $883.91.

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This individual is using a metate, a traditional grinding stone used to process corn for daily food production. this is an example of which mode of production?

Answers

This is an example of Domestic Production.

Domestic, or kin-ordered, production describes the lifestyles of foragers and small-scale subsistence farmers, with more egalitarian social relations than the other modes of production. Labor in the domestic mode of production is organized around kinship relationships. Many indigenous people in southern Mexico and parts of Central America make their living primarily through small-scale subsistence maize farming. Subsistence farmers grow food for their own consumption (rather than to sell). The men generally clear the fields in this family production system, and the entire family works together to plant the seeds.The children spend their days in the fields preserving the newly planted crops until the seedlings blossom. The men next weed the crops and harvest the corn cobs, and the women finish by drying the corn and removing the kernels from the cobs for storage. Throughout the year, mothers and daughters crush the maize by hand on a metate, or grinding stone. Finally, the maize is utilized to make the tortillas that the family eats at each meal. This illustration shows how the domestic mode of production organizes labor and daily activities within households based on age and gender.

Thus this is the meaning of Domestic Production.

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what is the following product? assume d greater-than-or-equal-to 0.rootindex 3 startroot d endroot times rootindex 3 startroot d endroot times rootindex 3 startroot d endrootdd 33 (rootindex 3 startroot d endroot)startroot 3 d endroot

Answers

Based on the information given, using root/exponent properties the result of the product will be d.

How to calculate the product?

It should be noted that a radical integer can be written as an exponential. This is important in order to solve the question asked.

It should be noted that the relation will be:

= b√a^c = a^c/b.

Therefore, based on the question, 3✓d = d1/3

Then, after this, we will then apply the multiplication as well as the power property.

Therefore, (d1/3)³ = d1/3 × 3 = d

Therefore, based on the information given, the result of the product will be d.

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The ______ dimension of a strategic planning grid focuses on the firm's ability to accomplish the goals of a product-market plan.

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The business strength dimension of a strategic planning grid focuses on the firm's ability to accomplish the goals of a product-market plan.

What is Business strength?

Every business should have a product-market plan, these helps to keep the market running. The plan includes what products and where the product will be sold. This helps measure the strength of business.

Therefore, the business strength dimension of a strategic planning grid focuses on the firm's ability to accomplish the goals of a product-market plan.

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A hacker is attempting to access a company's router using false internet control message protocol (icmp) type 5 redirect messages. what is the hacker's goal?

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A hacker is attempting to access a company's router using false internet control message protocol (ICMP) type 5 redirect messages. His goal is to spoof or manipulate routing data.

An ethical hacker is normally someone who routinely searches for holes and probable locations where a cyber attack could occur, in contrast to a penetration tester (also known as a pen tester), who typically works on a set schedule and shares many of the same functions.

Pen testing focuses primarily on a single or small number of a system's components, whereas ethical hacking is concerned with continuing security as a whole.

A more sophisticated cybersecurity technology called ethical hacking is more frequently utilized by larger firms with a lot of data and resources to protect. If not, your company might benefit more from simpler, less expensive cybersecurity tools.

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according to the ucf research lifecycle, the research concept is developed during the planning cycle. group of answer choices true

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In line with the ucf studies lifecycle, the studies concept is advanced for the duration of the making planning Cycle: Researchers ought to by no means use deception in their studies projects. Quantitative facts can be richer in that means than qualitative statistics.

The planning Cycle is an 8-step manner that you could use to plan any small-to-medium sized venture: shifting to a new office, growing a brand new product, or making plans for a company occasion, for example. The device allows you to plot and put in force fully considered nicely-targeted, sturdy, realistic, and value-powerful tasks.

Making plans enables a supervisor to appear ahead and take appropriate steps to cope with destiny uncertainties and modifications. Mis-happenings and uncertain occasions cannot be removed completely however their impact on the organisation can be minimized if we plan how to conquer such situations. making plans techniques are those methods or tactics accompanied by planners in preparing or evaluating their plans, applications, and guidelines. Planners have a substantial array of analytic techniques at their disposal.

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Let the domain is the set of all negative integers. is the universally quantified statement true or false?

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"Let the domain is the set of all negative integers. is the universally quantified statement"

This statement is True.

In math, a negative integer represents the opposite. In the device of actual numbers, a terrible wide variety is a range of much less than 0. A terrible wide variety is frequently used to symbolize the scale of a loss or deficit. A legal responsibility that comes due may be taken into consideration a terrible asset.

They are made from a negative integer and a terrible integer is terrible. RULE 2: The made from tremendous integers is tremendous. RULE 3: The made from terrible integers is tremendous. RULE 1: The quotient of a tremendous integer and a terrible integer is terrible.

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To achieve effective market segmentation, markets should first disaggregate the needs of customers. this means the company should _____.

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To achieve effective market segmentation, markets should first disaggregate the needs of customers. this means the company should break apart all possible needs into some generic markets.

This is further explained below.

What is effective market segmentation?

Generally, Measureable, accessible, significant, differentiable, and actionable are the characteristics that should characterize an effective segmentation.

If a business is able to divide its target audience into distinct subgroups, there is a greater possibility that, over the course of time, it will grow more lucrative and successful.

In conclusion, Disaggregating client demands is the first step in segmenting the market effectively.

This implies that the business should segment all potential demands into a few general markets.

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Take another delicate procedure: liver transplants. would you think the demand for liver transplants is more or less price-elastic than the demand for abortions? explain your reasoning.

Answers

We would count on the demand for liver transplants to be much less elastic than the call for abortions. That is because liver transplants may be the distinction between lifestyles and dying. accordingly, even supposing the costs cross up, human beings do now not have any alternative but to get a transplant.

In general, approximately 75% of those who undergo liver transplants stay for at least five years. which means that for every 100 folks that obtain a liver transplant for any cause, about seventy-five will live for five years and 25 will die inside five years.19-might also-2022

Improving from a liver transplant can be a protracted manner, but the majority will finally be able to return to most in their normal sports and feature a very good fine of lifestyle.

You can now not be capable of have a transplant if you: Have a current or persistent infection that cannot be dealt with. Have metastatic cancer. that is cancer that has unfold from its main area to 1 or extra different parts of the frame.

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What was the rebellion in which an army of 1,500 disgruntled and angry farmers marched on springfield, ma and forcibly restrained the state court from foreclosing mortgages on their farms?

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Shays' Rebellion was the rebellion in which an army of 1,500 disgruntled and angry farmers marched on Springfield, ma, and forcibly restrained the state court from foreclosing mortgages on their farms

This is further explained below.

What is Shays' Rebellion?

Generally, The Shays' Rebellion was an armed uprising that occurred in Western Massachusetts and Worcester in opposition to increased efforts by the state government to collect taxes from individuals as well as their trades.

In conclusion, This was in response to a debt crisis that had occurred among the general populace of the area.

The majority of the fighting occurred in and around Springfield between the years 1786 and 1787.

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unless otherwise agreed, an agent making a contract for an unidentified principal is not a party to the contract.

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A principal whose name is unknown but whose presence is known is an undisclosed principal. A representative who signs a document on behalf of a negligent principal may be held personally accountable for that document. A principal-employer is held vicariously accountable for an agent-unlawful employee's actions.

undisclosed principal

Both the  undisclosed principal and the agent  are responsible for such transactions. An unnamed or partially revealed principal is one for whom the other party to a transaction is aware only that the agent may be working on behalf of that person, but not the identity of that principal.

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For each of the following accounts indicate the effects of a debit and a credit on the accounts and the normal balance of the account

Answers

For each of the following given accounts we have to indicate the effects of a debit and a credit on the accounts & the normal balance of the account.

a. Accounts Payable:                                  

Debit Effect - Decrease

Credit Effect - Increase

Normal balance of the Account - Credit

b. Advertising Expense:

Debit Effect - Increase

Credit Effect - Decrease

Normal balance of the Account - Debit

c.  Service Revenue:

Debit Effect - Decrease

Credit Effect - Increase

Normal balance of the Account - Credit

d. Accounts Receivable:

Debit Effect - Increase

Credit Effect - Decrease

Normal balance of the Account - Debit

e. Retained Earnings:

Debit Effect - Decrease

Credit Effect - Increase

Normal balance of the Account - Credit

f. Dividends:

Debit Effect - Increase

Credit Effect  Decrease

Normal balance of the Account - Debit

Debit Balance = Expenses and assets like cash, accounts receivable, inventory, and so on are increased by debits and decreased by credits.

Credit Balance = Credits increase and debits decrease credit balances such as revenue, share capital, retained earnings, liabilities such as accounts payable, debt, and so on.

Hence,  the effects of a debit and a credit on the accounts and the normal balance for each of the accounts is given above.

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An organization's desired future state, which is defined in a short, succinct, and inspiring statement, is known as the organization's _______.

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Look it up it helps if not I can help

In order to add value to an organization, cost information must improve manager's?

Answers

In order to add value to an organization, cost information must improve manager's decision.

A cost refers to the amount of money that has been utilized up to produce something or supply a service and is thus no longer available for use in production, research, retail, or accounting. In business, the cost could be one of acquisition, in which case the money spent to obtain it is recognized as cost.Cost information is critical to various operations in cost engineering (the discipline of managing costs on a construction project), including cost control, budgeting, forecasting, estimating, investment assessment, and risk analysis.Cost accounting provides managers with the complete cost information they need to regulate present operations and plan for the future. Cost accounting data is also frequently used in financial accounting.

Thus this is the meaning of cost information.

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Multiple values returned from an sql query that includes an aggregate function are called?

Answers

Multiple values returned from an sql query that includes an aggregate function are called vector aggregates.

What is vector aggregates?
For those unfamiliar with the term, there are two types of aggregation. An aggregate associated with a GROUP BY clause is called a vector aggregate (even if the group-by-list is empty). Aggregates without a GROUP BY clause are called scalar aggregates. Vector aggregation is guaranteed to produce one row of output  for each group present in the data set, but scalar aggregation is slightly different. A scalar aggregate always produces one row of output, even if the input set is empty.

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Suppose pens cost $2. what is the price elasticity of demand? give your answer to two decimals.

Answers

0.38  is the price elasticity of demand.

Q = D(p) = 44 - 6p

At p= 2, Q = 44-6(2) = 32

Price elasticity of demand= (dQ/dp)*(p/Q) = (-6)*(2/32) = 0.38.

Elasticity is the ability of a deformed object to return to its original shape and size when the force that caused the deformation is removed. Bodies with this ability are said to behave (or react) elastically.

Elasticity is the ability of an object or material to return to its normal shape after being stretched or compressed. Example: Rubber is elastic, so if you stretch it for a long time, it will return to its original shape.

Elasticity is a general measure of how one economic variable responds to changes in another economic variable. The three main forms of elasticity are the price elasticity of demand, the cross-price elasticity of demand, and the income elasticity of demand.

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if market equilibrium exists: a it is the result of deliberate government action in the markets. b the number of buyers equals the number of sellers. c there will be no remaining opportunities for individuals to make themselves better off. d the price in that market will not fluctuate by more than 5%. e all individuals must have an equal amount of income.

Answers

Answer:

can someone answer this please

What four financial statements can be found in a firm's 10-k filing? what checks are there on the accuracy of these statements?

Answers

The four financial statements can be found in a firm's 10-k filing includes the:

the balance sheetthe income statementthe statement of cash flowsthe statement of stockholders' equity.

What is a firm's 10-k filing?

It refers to the comprehensive report that is filed annually by public companies about their financial performance. The report is required by the U.S. Securities and Exchange Commission and it is considered to be far more detailed than the annual report.

The checks that are there on the accuracy of these statements are:

Public companies must use a common set of rules and standard format when they prepare their reports.Corporation are required to hire a neutral party, known as an auditor to check the annual financial statements.In addition to the auditor's role in reviewing the financial statements, the Sarbanes-Oxley Act requires both the CEO and the CFO to personally attest to the accuracy of the financial statements.

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