The Nash equilibrium in a Prisoner's Dilemma is for both players to confess, as it is the optimal strategy for both players and cannot be improved by unilaterally changing their strategy. Therefore, the answer is option C.
The Nash equilibrium is a concept in game theory that refers to the state where no player can improve their outcome by unilaterally changing their strategy. In the given Prisoner's Dilemma model, both criminals have two options (confess or deny), and they have to make their decision before talking to the other criminal.
If both criminals confess, they each receive a 3-year sentence. If only one confesses, he gets 1 year, while his partner gets 10 years. If neither confesses, each is released without imprisonment.
In this situation, the Nash equilibrium is for both criminals to confess. Since each player's decision is made independently, neither player has the incentive to change their strategy if the other player is also confessing.
Both players will receive a 3-year sentence if they both confess, which is better than a 10-year sentence if one confesses and the other denies.
While both players denying would result in the best outcome, it is not the Nash equilibrium since each player has the incentive to change their strategy if they believe the other player will confess. Therefore, the Nash equilibrium is where both confess, option C.
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Janine is 25 and has a good job at a biotechnology company. She currently has $5,000 in an IRA, an important part of her retirement nest egg. She believes her IRA will grow at an annual rate of 8 percent, and she plans to leave it untouched until she retires at age 65.
Janine estimates that she will need $875,000 in her total retirement nest egg by the time she is 65 in order to have retirement income of $20,000 a year (she expects that Social Security will pay her an additional $15,000 a year).
How much will Janine's IRA be worth when she needs to start withdrawing money from it when she retires?
Answer:
$108,622.60
Explanation:
Calculation for the amount Janine's IRA will worth when she needs to start withdrawing money from it when she retires
Based on the information given we were told that She has the amount of $5,000 in an IRA, which is a vital part of her retirement nest egg in which She has well believes that her IRA will increase at an annual rate of 8%.
Secondly we were told that she is 25 age and plan to retire at the age of 65 which means that the number of years until her retirement will be 40 years(65 years-25 years)
Now let calculate how much she will be worth using this formula
Amount worth= Present value in IRA*(Annual rate increase)^ Numbers of years until retirement
Let plug in the formula
Amount worth=5,000 *(1 + 0.08)^40 =
Amount worth=5,000*(1.08)^40
Amount worth =5,000*21.72452
Amount worth= $108,622.60
Therefore Janine's IRA will be worth $108,622.60 when she needs to start withdrawing money from it when she retires.
Credit unions are similar to commercial banks in that both: Group of answer choices pay federal income taxes are regulated have Federal Reserve membership tend to be small institutions
Credit unions are similar to commercial banks in that both are regulated. Therefore, the correct option is option 2.
Credit unions and commercial banks share similarities in that both are regulated financial institutions. They must adhere to rules and guidelines set by governing bodies, such as the Federal Deposit Insurance Corporation (FDIC) for banks and the National Credit Union Administration (NCUA) for credit unions. This ensures the safety and soundness of these institutions and protects the interests of depositors and members.
However, there are some key differences between the two. While commercial banks pay federal income taxes and have Federal Reserve membership, credit unions do not. Instead, credit unions are exempt from federal income taxes because they are member-owned, not-for-profit institutions that exist solely to serve their members' financial needs.
Overall, while credit unions and commercial banks share some similarities, they operate under different rules and regulations that reflect their unique business models. Hence, the correct answer is option 2.
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1.Which agency enforces food safety in a restaurant or foodservice operation?
A Centers for Disease Control and Prevention
B Food and Drug Administration
C State or local regulatory authority
DU.S. Department of Agriculture
The agency enforces food safety in a restaurant or foodservice operation is State or local regulatory authority.
When it comes to ensuring food safety in restaurants or foodservice operations, the responsibility lies with the State or local regulatory authority. This authority can vary depending on the specific region or country. In the United States, for example, the primary agency responsible for enforcing food safety regulations is the local health department or equivalent regulatory authority.
State or local regulatory authorities have the power to inspect food establishments, such as restaurants, cafes, and food trucks, to ensure they comply with health and safety standards. These authorities set regulations regarding food handling, storage, preparation, and hygiene practices. They conduct regular inspections, investigate complaints, and enforce penalties or closures if violations are found.
While other agencies like the Centers for Disease Control and Prevention (CDC), Food and Drug Administration (FDA), and the U.S. Department of Agriculture (USDA) play crucial roles in overall food safety, their primary focus may differ. The CDC primarily focuses on disease surveillance and prevention, the FDA focuses on food product safety and labeling, and the USDA focuses on the safety of meat, poultry, and egg products.
Hence the correct option is (c).
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the world bank focuses on these three development themes in classifying nations into economic categories: .
The World Bank focuses on these three development themes in classifying nations into economic categories: economic development, social development, and environmental sustainability.
What is the World Bank? The World Bank is a global financial institution that provides loans and grants to developing countries for capital projects. The main purpose of the World Bank is to reduce poverty by promoting sustainable economic growth in these countries.
What are the development themes? The World Bank classifies countries based on their economic development, social development, and environmental sustainability.
Economic Development: Economic development is the growth and progress of an economy. It encompasses the improvement in the standard of living and quality of life of a country's citizens.
The World Bank uses Gross National Income (GNI) per capita to classify countries into four income groups: low-income, lower-middle-income, upper-middle-income, and high-income.
Social Development: Social development is the improvement in people's well-being, social conditions, and human rights. The World Bank uses indicators such as literacy rate, access to basic education and healthcare, life expectancy, and social protection to classify countries into three human development groups: low, medium, and high.
Environmental Sustainability: Environmental sustainability is the ability of a country's economy to meet its current needs without compromising the ability of future generations to meet their own needs.
The World Bank classifies countries based on their environmental performance, policies, and practices, which include policies on air pollution, water quality, biodiversity, and climate change mitigation and adaptation.
Conclusively, the World Bank focuses on these three development themes in classifying nations into economic categories: economic development, social development, and environmental sustainability.
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The World Bank focuses on three development themes in classifying nations into economic categories, which are: (1) Income level, (2) Region, and (3) Fragility, conflict, and violence.
Income level is categorized into low, middle, and high-income countries based on the Gross National Income (GNI) per capita.
The region classifies countries based on geography, while fragility, conflict, and violence classifies countries based on political and social stability.
The classification helps the bank to determine the financial assistance provided to countries and the type of programs or projects suitable for specific countries.
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A company can buy a machine that is expected to have a three-year life and a $21,000 salvage value. The machine will cost $1,764,000 and is expected
to produce a $191,000 after-tax net income to be received at the end of each year. If a table of present values of $1 at 12% shows values of 0.8929 for
one year, 0.7972 for two years, and 0.7118 for three years, what is the net present value of the cash flows from the investment, discounted at 12%?
Multiple Choice
$105,214
$564 457
$615,438
$689,319
O $1,869,214
< Prev
9 of 25
Next
The net present value of the cash flows from the investment, discounted at 12% is $564,457.
Explanation:
First, we need to calculate the annual cash flows:
Annual net income = $191,000
Add back depreciation (cost - salvage value / useful life) = ($1,764,000 - $21,000) / 3 = $581,000
Annual cash flow = $191,000 + $581,000 = $772,000
Using the present value table given:
PV factor for year 1 = 0.8929
PV factor for year 2 = 0.7972
PV factor for year 3 = 0.7118
NPV = (PV factor for year 1 x Year 1 cash flow) + (PV factor for year 2 x Year 2 cash flow) + (PV factor for year 3 x Year 3 cash flow) - Initial investment
NPV = (0.8929 x $772,000) + (0.7972 x $772,000) + (0.7118 x $772,000) - $1,764,000
NPV = $687,888 - $1,764,000
NPV = -$1,076,112
However, since the salvage value of $21,000 is not accounted for in the NPV calculation, we need to add it back to get the final answer:
NPV + Salvage value = -$1,076,112 + $21,000 = -$1,055,112
Finally, we need to consider that the question asks for the net present value (NPV) of the cash flows, not the total value. So we need to subtract the initial investment from the NPV:
Net present value of cash flows = NPV - Initial investment
Net present value of cash flows = -$1,055,112 - (-$1,764,000) = $708,888
Therefore, the correct answer is not listed in the multiple choice options.
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Marissa owns a Chichi's Chicken Restaurant franchise and is able to compete in her local market because the franchisor shares the cost of her advertising. This is an example of _____ advertising.
Answer:
Cooperative.
Explanation:
Franchise is a license consisting of a contractual arrangement between a parent company (franchiser or franchisor) and another (franchisee), that allows individuals or an organization access to its knowledge, processes, trademarks in order to provide a service.
One of the main advantages of a franchise is that, franchisers such as Chichi's Chicken Restaurant do not require additional capital and development expenses to have their businesses being situated in a foreign market or country, as they only required to issue licenses to franchisors who are interested in being part of their business by paying a fee.
Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.
In this scenario, Marissa owns a Chichi's Chicken Restaurant franchise and is able to compete in her local market due to the fact that the franchisor shares the cost of her advertising. This is an example of cooperative advertising.
A cooperative advertising can be defined as a cost-effective advertising partnership in which the cost of a locally placed advert is shared between two or more parties such as manufacturer, wholesaler, retailer, franchisor, franchisee, etc.
Answer:
Cooperative
Explanation:
This is an example of Cooperative advertising.
A cooperative is an association of persons (organization) that is owned and controlled by the people to meet their common economic, social, and/or cultural needs and aspirations through a jointly-owned and democratically controlled business (enterprise).
asman Products, Ltd., of Australia has a Maintenance Department that services the equipment in the company’s Forming Department and Assembly Department. The cost of this servicing is charged to the operating departments on the basis of machine-hours. Cost and other data relating to the Maintenance Department and to the other two departments for the most recent year are presented below.
Data for the Maintenance Department follow:
Budget Actual
Variable costs for lubricants $ 367,200 * $ 471,360
Fixed costs for salaries and other $ 220,000 $ 237,000
*Budgeted at $24 per machine-hour.
Data for the Forming and Assembly Departments follow:
Percentage of
Peak-Period
Capacity Required Machine-Hours
Budget Actual
Forming Department 73% 10,200 12,200
Assembly Department 27% 5,100 4,100
Total 100% 15,300 16,300
The level of fixed costs in the Maintenance Department is determined by peak-period requirements.
Required:
Management would like data to assist in comparing actual performance to planned performance in the Maintenance Department and in the other departments.
1. How much Maintenance Department cost should be charged to the Forming Department and to the Assembly Department?
2. How much, if any, of the actual Maintenance Department costs for the year should be treated as a spending variance and not charged to the Forming and Assembly departments?
1. The Maintenance Department cost to be charged to the Assembly Department is $158,895. 2. Any difference between the actual Maintenance Department costs and the amount charged to the Forming and Assembly departments would be considered a spending variance.
1. To determine how much Maintenance Department cost should be charged to the Forming Department and to the Assembly Department, we need to calculate the total Maintenance Department cost for the year.
Variable costs for lubricants = Actual machine-hours * Budgeted cost per machine-hour
= 16,300 * $24
= $391,200
Fixed costs for salaries and other = Actual fixed costs
= $237,000
Total Maintenance Department cost = Variable costs + Fixed costs
= $391,200 + $237,000
= $628,200
To determine how much cost should be charged to each department, we need to calculate the proportion of machine-hours used by each department:
Forming Department = 12,200/16,300 = 0.748
Assembly Department = 4,100/16,300 = 0.252
Therefore, the Maintenance Department cost to be charged to the Forming Department is:
$628,200 x 0.748 = $470,305
And the Maintenance Department cost to be charged to the Assembly Department is:
$628,200 x 0.252 = $158,895
2. If the actual Maintenance Department costs are higher than the amount charged, then there is an unfavorable spending variance. If the actual Maintenance Department costs are lower than the amount charged, then there is a favorable spending variance.
In this case, the actual Maintenance Department costs were $708,360 ($471,360 for variable costs and $237,000 for fixed costs). The amount charged to the Forming and Assembly departments was $629,200 ($470,305 for the Forming Department and $158,895 for the Assembly Department). This results in an unfavorable spending variance of $79,160 ($708,360 - $629,200).
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Solve the equation 60%of 45
Explanation:
60%of 45
0.6×45
=27
....................
Answer:
27
Explanation:
Cash is an _____.
A) asset
B) expense
C) none of the above
(question is from small business entrepreneurship A)
A. Asset
Explanation:
-asset is a useful or valuable thing
The rise or fall in the price of an item is an.example of which of the following?
O Inflation risk
O Personal risk
O Income risk
O Interest rate risk
Answer:
Inflation risk
Explanation:
I am taking a class this right now
Answer:
income risk
Explanation:
i do the test
One of the ways entrepreneurs achieve success is by using resources more efficiently. This is an example of how entrepreneurs use ______________ strategy.
an imitative
A. an imitative
B. a low-cost leader
C. a differentiation
D. a combination
One of the ways entrepreneurs achieve success is by using resources more efficiently. This is an example of how entrepreneurs use a low-cost leader strategy. Option (B) is correct answer.
An entrepreneur is someone who starts, manages, and grows a business venture. Entrepreneurs are risk-takers who use innovation, creativity, and hard work to turn their concepts into successful businesses. A low-cost leader strategy is a strategy that enables entrepreneurs to provide their products and services at a lower cost than their rivals.
This involves seeking methods to reduce costs and using resources more effectively, allowing them to charge lower prices while still making a profit. One of the ways entrepreneurs achieve success is by using resources more efficiently. This is an example of how entrepreneurs use a low-cost leader strategy. The differentiation strategy and the combination strategy are two other strategies that entrepreneurs might utilize to achieve success.
The differentiation strategy entails offering items or services that are unique from those provided by rivals, while the combination strategy entails utilizing multiple techniques to achieve a competitive advantage.
Therefore option (B) is correct answer.
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Which is considered part of a person’s income for the year?
Answer:
Gross income is everything that an individual earns during one year, both as a worker and as an investor. Earned income includes only wages, commissions, bonuses, and business income, minus expenses, if the person is self-employed.
Explanation:
PLEASE SEND HELP ASAP
Planning for regional natural disasters at work is _______.
a.
good practice
b.
unnecessary
c.
too cautious
d.
unsafe
Please select the best answer from the choices provided
A
B
C
D
Answer:
A. good practice
Explanation:
planning for these disasters can help reduce damage,injuries,even death.
Answer:
A
Explanation:
Just in case something were to happen it would be good to know where to go and what to do. It can prevent deaths and injuries if the real thing were to happen.
Assume that Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has
Answer: stayed the same
Explanation:
The Consumer Price Index (CPI) simply measure average change in price over time based on the prices that were paid for goods and services.
If Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has stayed thesame. This is because:
$42,000/157.5 = 266.67
$40,000/150 = 266.67
Since we both got thesame answers, Sawyer's real income is thesame.
Robertson Construction entered into a contract to construct a tunnel for a fixed price of $12,000,000. Robertson recognizes revenue over time according to percentage of completion. Here are some facts: In 2021: Cost incurred during the year is $3,000,000; Estimated cost to complete is $6,000,000 In 2022: Cost incurred during the year is $500,000; Estimated cost to complete is $6,500,000 In 2023: Cost incurred during the year is $6,500,000; Estimated cost to complete is $0. How much gross profit/loss would Robertson recognize in 2022
By measuring the gross revenue Robertson would recognize in 2022, the amount is $5,600,000.
To understand better, we have to begin with the year 2021, where we have the following:
Given that the % of completion = cost incurred till now ÷ total estimated cost;
We have => $3,000,000 ÷ ($3,000,000 + $6,000,000) = 33.33%
Hence, we have the final revenue in the year 2021 to be recognized as
=> $12,000,000 × 33.33% = $4,000,000.
By the year 2022, we have the following percentage completion.
=> ($5,000,000 + $3,000,000) ÷ ($3,000,000 + $5,000,000 + $2,000,000) = 80 percent.
Therefore, we have the total revenue to be recognized
=> $1,200,000 × 80% = $9,600,000
Then given that the Revenue already realized in 2021 = $4,000,000
Therefore, the revenue to be recognized in 2022
=> $9,600,000 - $4,000,000 = $5,600,000.
Hence, in this case, it is concluded that the gross revenue Robertson would recognize in 2022, the amount is $5,600,000.
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please help me with this account question I'm tryna make entries
Answer:
451
Explanation:
430+21
1234567890101112131415
A good time to observe the dress code to prepare for your first day is during
a your interview
b. your second day
your Orientation
d the weekend
A good time to observe the dress code to prepare for your first day is during an interview. Thus, option A is correct.
What is interview?A planned interaction in which one party asks questions and the other responses is known as an interview. A one-on-one conversation between an interviewer and an interviewee is referred to as a "interview" in everyday speech.
In general, the individual should dress professionally or in business clothes for a job interview. The interview is a dialogue in which you and your prospective employer exchange information.
Therefore, it can be concluded that During an interview is a wonderful opportunity to review the dress code in order to get ready for your first day. Therefore, choice A is correct.
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Which of the following types of work would a company be most likely to preform through outsourcing?
A) Long- term work that requires close supervision
B) A consistent, predictable amount of work
C) Important tasks that the company wants control over
D) Specialized work that doesn’t require much supervision
Answer:
The answer is D.
Explanation:
Got it right on edg
The following types of work would a company be most likely to preform through outsourcing: Specialized work that doesn’t require much supervision. Thus option (D) is correct.
What is a company?A company is a legal entity formed by a group of people, known as shareholders, to conduct business. It is a separate legal entity from its owners, which means that it can enter into contracts, sue or be sued, and own property in its own name.
The primary goal of a company is to generate profits for its owners, but it can also have other objectives such as providing goods and services to customers, creating jobs, and contributing to the community.
The specialized work that doesn’t require much supervision would a company be most likely to preform through outsourcing. Therefore, option (D) is correct.
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The income statement for Pruitt Company summarized for a four-year period shows the following:
An audit revealed that in determining these amounts, the ending inventory for 2017 was overstated by $ 18,000 . The company uses a periodic inventory system.
Required:
(a) Recast the income statements to reflect the correct amounts, taking into consideration the inventory error.
To recast the income statements to reflect the correct amounts, considering the inventory error of an overstated ending inventory by $18,000, we need to adjust the cost of goods sold (COGS) and the net income for the affected year, which is 2017 in this case.
The adjustment is made by reducing the ending inventory by the amount of the overstatement ($18,000) and increasing the cost of goods sold by the same amount.
The recast income statement for 2017 would look as follows:
Income Statement
Year: 2017
Revenue: [original revenue amount]
Cost of Goods Sold: [original COGS + $18,000]
Gross Profit: [original gross profit - $18,000]
Operating Expenses: [original operating expenses]
Net Income: [original net income - $18,000]
The remaining income statements for the other years would remain the same since the inventory error only affected the 2017 financials.
It's important to note that the adjustment for the inventory error should only be made in the year it occurred (2017) and not carried forward or backward to other years.
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compare the threw basic economic system in terms of the economic oppturinites avaibke to businness
Answer:
hmmmm
Explanation:
Pleeeeaasseee help
Recall the four reasons some people favor trade restrictions. Give an example from the U.S. economy that you think best fits each reasons
Answer:
Explanation:
Some measures that check commercial processes are internal to countries, such as the liberalization of trade in services, the elimination of barriers and the creation of mechanisms to protect foreign investors, competition and public procurement policies, and labor standards.
Suppose the price of apples doubles to $3.00 between year 1 and year 2 but that nothing else in the economy changes Instructions: Round your answers to one decimal placea. What would be the percentage change in nominal GDP? b. What would be the percentage change in real GDP?Suppose the prices of both apples and bread double between year 1 and year 2 and quantities remain unchanged. Instructions: Round your answers to one decimal place a) What would be the percentage change in nominal GDP?% b) What would be the percentage change in real GDP?
Answer:
1. Suppose Quantity of Apple sold in year one & two = 100Kg.
Price in year 1 = $1.50 per kg
Price in year 2 = $3.00 per kg
Nominal GDP 1 = Price * Quantity = 1.50*100 = $150
Nominal GDP year 2 = 3*100 = $300
Change in Nominal GDP = $150
Percentage change in Nominal GDP = 100%
b. Real GDP of year 1 = Nominal GDP of year 1 = $150
Real GDP of year 2 = 1.50*100 = $150
Change in Real GDP = 0%
2. Quantity of Bread = 100 units price = $ 1 per unit, year 2 price = $ 2 per units
a. Nominal GDP year 1 = 1*100+1.5*100 = $250
Nominal GDP year 2 = 2*100+3*100 = $500
Percentage change in Nominal GDP = 500-250/500 * 100 = 100%
b. Real GDP year 1 = $250
Real GDP year 2 = 1*100 + 1.5*100 = $250
Percentage change in Real GDP = 0%
The percentage change in nominal GDP is 100% and the Change in Real GDP is 0%.
Percentage change in nominal GDP1. Price in year 1
Price in year 1= $1.50 per kg
Price in year 2 = $3.00 per kg
Nominal GDP 1 = Price ×Quantity
Nominal GDP 1 = 1.50×100
Nominal GDP 1 = $150
Nominal GDP year 2 = 3×100
Nominal GDP year 2 = $300
Change in Nominal GDP = $150
Percentage change in Nominal GDP = 100%
b. Real GDP of year 1
Real GDP of year 2 = 1.50×100
Real GDP of year 2 = $150
Change in Real GDP = 0%
2a. Nominal GDP year 1
Nominal GDP year 1 = 1×100+1.5×100
Nominal GDP year 1 = $250
Nominal GDP year 2 = 2×100+3×100
Nominal GDP year 2= $500
Percentage change in Nominal GDP = 500-250/500 ×100
Percentage change in Nominal GDP = 100%
b. Real GDP year 1
Real GDP year 2 = 1×100 + 1.5×100
Real GDP year 2= $250
Percentage change in Real GDP = 0%
Inconclusion the percentage change in nominal GDP is 100%.
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Which type of information includes personal payroll medical and operational information.
The type of information including personal payroll medical and operational information is Sensitive.
Fairly touchy humans tend to pick up on the wishes and feelings of others. They hate letting human beings down. Studying to mention no is an assignment and a need for HSPs because they are able to sense overwhelmed by the demands of others, particularly due to the fact they can sense their pals' unhappiness if HSPs want to mention no.
Being Sensitive isn't a horrific aspect! Your tough-stressed-out nature brings you blessings of pleasure and happiness. Your consciousness of and empathy for different people are assets of electricity. You certainly surprise why human beings and matters are the manners they may be.
The advantageous developments of people who are particularly touchy consist of emotional consciousness, empathy for others, the potential to pick out up on small cues that others pass over, dedication to equity and justice, passionate and modern thinking, and the capability to demonstrate desirable leadership through valuing others.
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Sandra is considering multiple job offers. She has three school-aged children whom she must drive to after school activities. What non-income factor would influence her decision?
A. Location
B. Job Security
C. Working hours
D. Personal satisfaction
Answer:
A. Location
Explanation:
Job Security & Personal Satisfaction won't effect this situation at all, and Working Hours IS an Income Factor.
Therefore your answer is A. Location
The correct option is A) Location. Location is a non-income factor would influence her decision as she must have to drive after school.
What are the Non-income factors?Non-income factors are the factors other than the income factors that have a direct impact on the consumer decisions.
These non-income factors mainly refer to personal characteristics, , macroeconomic variables and social variables.
Some of the non-income determinants are the consumer expectation, location, personal satisfaction etc.
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Accountants must have strong ___ to visualize, communicate, and solve
both complex and uncomplicated problems.
A. analytical skills
B. organizational skills
C. math skills
D. communication skills
Answer:
Analytical skills
Explanation:
Accountants must have strong analytical skills to visualize, communicate, and solve both complex and uncomplicated problems. Thus, option A is correct.
Who is Accountants?An accountant is a person who manages the financial situation of the monetary transaction of a firm business or individual.
He maintains the money category, as well as the debit and credit whatever happens in the account, as it is necessary for a person to calculate in future the taxes to be given on the income which is earned.
An accountant must have strong analytical skills, as he or she needs to see through the concern analysis and information. This also me that she needs to be from as there is various reconciliation that might come with it and need to be adjusted. Therefore, option A is the correct option.
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The
is a voice for small business.
O SBA
O SCORE
O SBDC
Answer:
SBA
Explanation:
Which of the following is an output device? DVD-ROM Touchpad Hard drive Printer
The printer should be considered an output device.
The following information should be considered for an output device:
The output device is the device that transforms the information into a human-readable form. The example of the output devices includes monitor, printer, plotters, speakers, etc.Therefore we can conclude that the printer should be considered an output device.
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3. In the mythical kingdom of Erehwon, the basic unit of money is the rudolf. At today's exchange rate, 4 rudolfs are equal to $1. A U.S. tourist in Erehwon wishes to purchase a guidebook to the country. The price is 6 rudolfs. How much is this in U.S. money?
(A) $1.50
(B) $6
(C) $4
(D) $24
who uses financial institutions?
Answer:Financial institutions encompass a broad range of business operations within the financial services sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers. Financial institutions can vary by size, scope, and geography
Explanation:
Answer:
The answer is: comercial banks, investment banks, brokerage firms, insurance companies, and asset management.
Helpmeeeeeeeeeeeeeeeee
Answer:c
Explanation: