A high standard of ethical behavior in the short-term interest of businesses is not correct relating to ethics. Thus, option A is correct.
Business ethics is the study of appropriate business behavior in relation to potentially divisive topics including corporate management, bribery, discrimination, social responsibility for business, fiduciary obligations, and much more. Though the law typically governs business ethics, there are times when business ethics provide a fundamental norm that businesses may adhere to in order to gain the public's trust.
A few issues that come up in an ethical conversation include corporate governance, trade secrets, bribery, discrimination, social responsibility, and fiduciary duties. The law frequently provides a core set of guidelines that businesses might choose to follow in order to gain the public's trust, setting the bar for business ethics.
Learn more about business ethics here:
https://brainly.com/question/30397877
#SPJ4
What are the three signs of workplace discrimination?
Answer:
Inappropriate Questions During a Job Interview.
Lack of Diversity.
Harsh or Demeaning Communications.
Unequal Pay.
Unfair Promotions.
Unjust Disciplinary Actions.
The Takeaway.
Explanation:
Assume that a representative company for part 1a is boeing (headquartered in chicago), and a representative company for part 1b is starbucks (headquartered in seattle). given the products that boeing and starbucks sell, explain why they might have different accounts payable turnover ratios.
Boeing and Starbucks have different products and business models, which could contribute to their different accounts payable turnover ratios. Boeing is primarily a manufacturer of airplanes and defense equipment, while Starbucks is a coffeehouse chain that sells food and beverages.
Boeing likely has longer production cycles and supply chains, which could result in longer payment terms with suppliers. Additionally, Boeing may have higher inventory levels and a larger number of suppliers, which could increase the complexity of their accounts payable processes.
On the other hand, Starbucks may have more frequent and smaller purchases from suppliers, resulting in shorter payment terms and a higher accounts payable turnover ratio.
Additionally, Starbucks may have more leverage with suppliers due to their large purchasing power and established brand, allowing them to negotiate more favorable payment terms. Overall, the nature of the products and supply chain operations of Boeing and Starbucks can contribute to differences in their accounts payable turnover ratios.
To know more about Starbucks visit:
https://brainly.com/question/30563109
#SPJ11
In this question you are to match market actors with how standards generally affect them.
Market actors:
Complementors
Consumers
Innovators
Incumbents
Standard options:
1. Tend to welcome standards, because standards typically expand the total size of the market.
2. Generally welcomes standards as they are spared having to pick a winner and face the risk of being stranded.
3. Generally welcomes standards as long as their products comply with the standard.
4. Can pose a great threat if standards fuel a positive feedback cycle and help launch a new technology.
Market actors: Complementors, Consumers, Innovators, Incumbents. Incumbents can also benefit from standards if they participate in the standard-setting process.
1. Complementors: Complementors tend to welcome standards because standards typically expand the total size of the market. By having a standardized framework, complementors can develop their products or services to seamlessly integrate with other products in the market, leading to increased demand and potential collaboration opportunities.
2. Consumers: Consumers generally welcome standards as they are spared from having to pick a winner among competing products or services. Standards provide assurance of compatibility and interoperability, making it easier for consumers to make purchasing decisions and reducing the risk of being stranded with incompatible technologies.
3. Innovators: Innovators generally welcome standards as long as their products comply with the standard. Standards provide a common set of guidelines and specifications, facilitating the development and adoption of new technologies. By adhering to standards, innovators can ensure compatibility, market acceptance, and avoid fragmentation that may hinder adoption.
4. Incumbents: Incumbents can pose a great threat if standards fuel a positive feedback cycle and help launch a new technology. If a standard enables new technology that disrupts the existing market, incumbents may face challenges in adapting their products or business models to remain competitive. However, incumbents can also benefit from standards if they participate in the standard-setting process and shape the standards to align with their existing products and market dominance.
Learn more about business :
https://brainly.com/question/15826604
#SPJ11
As James begins to discuss product prices, he notices his prospect has folded his arms across his chest, clenched his hands, and avoided eye contact. James has received _______ signals.
Answer:
Disagreement.
Explanation:
As James begins to discuss product prices, he notices his prospect has folded his arms across his chest, clenched his hands, and avoided eye contact. James has received disagreement signals.
In this scenario, we can safely conclude that the potential client (prospect) isn't satisfied or pleased with the product prices quoted by James and as such makes a gesture that portrays his disagreement.
(24^0)+(4^0). solve this problem fast
Answer:
your answer will be 2
Explanation:
hope it helps you..
Answer:
solution : -
\(24 {}^{0} + {4}^{0} \)\(1 + 1\)\(2\)*PLEASE HELP ME!*
Sara could practice her guitar or complete her calculus homework. She does not really want to practice her guitar but does so anyway, what is her trade-off?
practicing her guitar
completing her calculus homework
the time it took her to practice guitar.
practicing her guitar and doing her calculus homework
Answer:
C
Explanation:
The Engel Curve for a good is derived by which of the following? Tracing the optimal allocation as the good's price changes Tracing the optimal allocation as income changes Tracing the optimal allocation as either income or price changes Any of the above None of the above
The Engel Curve for a good is derived by tracing the optimal allocation as income changes.
The Engel Curve shows the relationship between the quantity of a good consumed and the level of income. It illustrates how the demand for a particular good varies with changes in income while holding other factors constant, such as prices.
By tracing the optimal allocation of the good as income changes, economists can observe how individuals adjust their consumption patterns in response to changes in their income levels. As income increases, individuals may choose to allocate more of their budget towards certain goods, resulting in an upward shift in the Engel Curve. Conversely, as income decreases, individuals may allocate less of their budget towards certain goods, leading to a downward shift in the Engel Curve.
The Engel Curve provides insights into the income elasticity of demand for a good and helps economists understand how changes in income affect consumer behavior and consumption patterns. By examining the relationship between income and the quantity consumed, economists can gain valuable insights into consumer preferences and the income sensitivity of different goods
Learn more about Engel Curve here:
https://brainly.com/question/33139761
#SPJ11
Executive reports are summarized from ___________ reports.ManagementTacticalSupervisorStrategic
Executive reports are summarized from Management report.
Executive reports are brief summaries of large management reports. It saves the reader time by providing a quick overview of the main report. The other options are incorrect because they are typically short reports. Internal stakeholders are kept informed of company activities through management reports. They are among the internal reports used by managers and senior executives to manage the organisation, make business decisions, and track progress. Management reports assist leaders in keeping track of their departments.
Learn more about Management reports here:
https://brainly.com/question/4402897
#SPJ4
Discuss in your own words
1. Discuss the importance of having sources of capital and
good network in starting a business
2. Describe the role of legal requirments in starting a
business
3. Explain
1. Importance of sources of capital and good network in starting a business
The importance of having sources of capital and a good network in starting a business is that it provides a solid foundation for the company. Capital is required to invest in assets and support daily operations, while networking provides opportunities for collaboration, expansion, and access to resources. Both elements are critical to the growth and success of a business.
Sourcing capital is essential in supporting the development of a business idea from the onset. It is often challenging to find willing investors or lenders, but having a business plan that is well-thought-out, achievable, and marketable will go a long way in attracting support. Investors and lenders want to see that the business idea has the potential to make profits, as well as the ability to pay back the investment or loan.
Networks are essential in providing opportunities for growth and collaboration. Networking involves building relationships with other businesses, entrepreneurs, potential investors, and other stakeholders. These relationships can lead to referrals, recommendations, and other resources that can help the business grow and expand. Networking also provides the opportunity to learn from others who have already been successful in the field.
2. Role of legal requirements in starting a business
Legal requirements are essential in starting a business. The main answer regarding the role of legal requirements in starting a business is that they provide a framework for the business to operate within. These requirements help to protect the business, its employees, customers, and the environment. Legal requirements are also essential in ensuring that the business is operating legally and ethically.
The role of legal requirements in starting a business is to provide guidelines that businesses must follow. These requirements include registering the business, obtaining licenses and permits, paying taxes, adhering to zoning regulations, and following labor laws. Legal requirements also include environmental regulations, health and safety standards, and product labeling requirements. By complying with these requirements, businesses are demonstrating their commitment to operating ethically and legally, which helps to build trust with customers, employees, and investors.
Learn more about business plan: https://brainly.com/question/13160849
#SPJ11
what was the policy that allowed for economic reform?
Policy changes related to technology upgrades, industrial licensing, lifting of private sector restrictions, foreign investment and foreign trade are proposed.
Economic reform refers to the fundamental changes initiated in 1991 aimed at liberalizing the economy and accelerating economic growth. The Narasimha Rao government launched economic reforms in 1991 to rebuild confidence in the Indian economy, both at home and abroad.
This reform was aimed at achieving greater private sector cooperation in the way the Indian economy grew. Policy changes related to technology upgrades, industrial licensing, lifting of private sector restrictions, foreign investment and foreign trade are proposed. The essential features of economic reform are liberalization, privatization and globalization, commonly known as LPG.
To learn more about economic reform, here:
https://brainly.com/question/9175799
#SPJ4
Is wanting to increase sales over the next year a good objective if (no/yes) write why
Answer:
Yes because some family's are not doing very good in money so they should be able to afford more items
But also no at the same time because if you have more sales more of your stuff will be out of stock.
Explanation:
. Which of the following is a true statement regarding a performance indicator? a. All healthcare organizations are required to report a performance indicator b. Only governmental health care organizations are required to report a performance indicator. c. The purpose of reporting a performance indicator is to make it easier to compare the result of operations of not-for-profit health care organizations to those of for-profit health care organizations d. The purpose of reporting a performance indicator is to assist in evaluating the efficiency and effectiveness of a health care organization’s operating activities.
Answer:
C. The purpose of reporting a performance indicator is to make it easier to compare the results of operations of not-for-profit health care organizations to those of for-profit health care organizations.
Explanation:
performance indicator which can as well be regarded as key performance indicator is reffered to type of performance measurement, which enables evaluation of the success of an organization as well as particular activities like projects, products and
programs, that the company engage in.
It should be noted that The purpose of reporting a performance indicator is to make it easier to compare the results of operations of not-for-profit health care organizations to those of for-profit health care organizations.
Two grams of musk oil are required for each bottle of mink caress, a very popular perfume made by a small company in western siberia. the cost of the musk oil is $2.10 per gram. budgeted production of mink caress is given below by quarters for year 2 and for the first quarter of year 3:
Answer:
Since there is not enough room here, I used an excel spreadsheet and attached it.
Explanation:
Year 2 Year 3
First Second Third Fourth First
Budgeted prod. 84,000 114,000 174,000 124,000 94,000
in bottles
Musk oil has become so popular as a perfume ingredient that it has become necessary to carry large inventories as a precaution against stock-outs. For this reason, the inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter’s production needs. Some 33,600 grams of musk oil will be on hand to start the first quarter of Year 2.
When will the Social Security fund dry up at Its current level?
• A.
2022
© B.
2027
• C
2037
© D. 2097
© E. 2117
Answer:
c. 2037
Explanation:
As a result of changes to Social Security enacted in 1983, benefits are now expected to be payable in full on a timely basis until 2037, when the trust fund reserves are projected to become exhausted.
In what year did professional soccer become a legalized sport?
Answer:
1885
Explanation:
Answer:
1863
Explanation:
On December 8 1863, Association Football and Rugby Football finally split into two different organizations after quite some time. Later on in the year, the first ever soccer match was played at Mortlake, London on 19th December 1863 between Barnes Football Club and Richmond Football Club.
Hope this helps!!
ps. plz give me brainliest of possible
What is the main concern some people have about credit cards and digital payments
Answer:
here’s the answer
Explanation:
T/F: in the united states, companies have turned to executive pay strategies focused on tying pay to performance by using performance stock awards and bonuses based on meeting target goals.
True: In the United States, companies have increasingly turned to executive pay strategies focused on tying pay to performance by using performance stock awards and bonuses based on meeting target goals. This approach aligns the interests of executives with shareholders and incentivizes better overall company performance.
True. In recent years, many companies in the United States have shifted their executive pay strategies to focus on tying pay to performance by using performance stock awards and bonuses based on meeting target goals. This is done in an effort to incentivize executives to work towards achieving company objectives and to align their interests with those of the shareholders.
To learn more about bonuses, visit:
https://brainly.com/question/29557936
#SPJ11
When calculating unemployment rate, how do you factor in a part-time employee,
such as someone working 20 hours a week but wants to work 40.
A.They count as 0.5% or half employed
B.They count as fully employed
C.They are not counted as part of D.the labor force
They are counted as unemployed
They are counted as 0.5%, or the half employed, for determining the unemployment rate. The unemployment rate is the percentage of jobless people in the labour force.
The labour force is made up of people who are either employed or unemployed. The Centre for Monitoring Indian Economy said that India's unemployment rate rose from a four-year low of 6.43% in September to 7.77% in October. A person is said to be unemployed if they are actively looking for work and are thought to be the employable. This group includes those who are in the workforce but do not have acceptable occupations.
To learn more about unemployment rate, click here.
https://brainly.com/question/15230373
#SPJ1
What is your definition and understanding of interpersonal
conflict?
How might you incorporate win-win strategies into your own
conflict management behavior?
Interpersonal conflict refers to the disagreement between two or more people or groups with opposing interests, needs, values, beliefs, or goals. It can occur in various settings such as homes, workplaces, schools, or communities.
Effective conflict management involves understanding the root cause of the conflict, defining the issues at stake, exploring potential solutions, and negotiating a mutually beneficial resolution. Win-win strategies are essential in resolving interpersonal conflicts in a constructive and sustainable way. They involve creating a solution that benefits both parties, instead of one person winning at the expense of the other. This approach requires effective communication, active listening, empathy, and creativity.
To incorporate win-win strategies into my own conflict management behavior, I would do the following:
1. Identify the root cause of the conflict and clarify the issues at stake.
2. Listen actively to the other person's perspective and seek to understand their needs, interests, and values.
3. Express my own needs, interests, and values in a clear and respectful way.
4. Brainstorm potential solutions that address both parties' needs and interests.
5. Evaluate the pros and cons of each solution and select the one that maximizes mutual benefits.
6. Implement the chosen solution and evaluate its effectiveness over time.
Overall, effective conflict management involves taking a proactive and collaborative approach to resolving interpersonal conflicts. By incorporating win-win strategies into my own conflict management behavior, I can create positive outcomes for both myself and others.
To know more about various visit :
https://brainly.com/question/18761110
#SPJ11
Aptitude tests are designed to measure potential for accomplishment. B how much has been learned. verbal abilities. D capacity for divergent thinking Question 6 2 Points The difference between gross and fine motor skills is whether they A are controllable B involve bigger or smaller muscles. involve mental or physical skills. D are due more to nature or nurture.
The difference between gross and fine motor skills is whether they involve bigger or smaller muscles.
Gross motor skills refer to the ability to control and coordinate large muscle groups to perform movements such as walking, running, jumping, and throwing. These skills involve the use of larger muscle groups and the coordination of multiple body parts.
On the other hand, fine motor skills involve the coordination and control of smaller muscle groups, particularly those in the hands and fingers. These skills are necessary for activities that require precise movements, such as writing, drawing, typing, or using utensils. Fine motor skills are essential for tasks that require dexterity, hand-eye coordination, and precision.
The distinction between gross and fine motor skills is primarily based on the size and complexity of the muscle groups involved in the movement. Gross motor skills focus on larger muscle groups and movements, while fine motor skills involve smaller muscle groups and more precise movements. Both types of motor skills are important for overall physical coordination and performance of various tasks in daily life.
Learn more about Gross motor here:
https://brainly.com/question/28018760
#SPJ11
Bank's Balance Sheet
Assets Liabilities and Owners' Equity
Reserves $200 Deposits $1,600
Loans $800 Debt $250
Securities $1,000 Capital (owners' equity) $150
Suppose a new customer adds $100 to his account at Northeastern Mutual Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account anddecrease the account.
This would also bring the leverage ratio from its initial value of to a new value of .
Which of the following is true of the capital requirement? Check all that apply.
Its intended goal is to protect the interests of those who hold equity in the bank.
It specifies a minimum leverage ratio for all banks.
The higher the percentage of assets a bank holds as loans, the higher the capital requiremen
This would increase the loans account and increase the deposits account. The initial value of 13.33 to a new value of 14. The higher the percentage of assets a bank holds as loans, the higher the capital requirement. Thus, option (c) is correct.
What is a Balance Sheet?
The balance sheet and details of reconciled transactions for each account are the two most important reports that the accountant will want.
(a) This would increase the reserves account and increase the deposits account.
(b) The bank leverage ratio refers to its Assets divided by Capital (Owner's equity).
Liabilities should match assets. Therefore, keeping both sides equal by adding $100.
= (Reserves + loans + securities)/Capital
= (200 + 800 + 1,000) / 150
initial value of 13.33
After the $100 was borrowed
= (200 + 800 + 1,000 + 100) /150
new value of 14
(c) The capital requirement increases as the proportion of an institution's assets held as loans rises. Given that loans are made from deposits, the capital requirement is intended to safeguard depositors in the event that loans are defaulted upon.
Hence, the significance of the Balance Sheet is aforementioned.
Learn more about on Balance Sheet, here:
https://brainly.com/question/26323001
#SPJ1
if the nominal exchange rate does not change, but u.s. prices rise, the real exchange rate has
Still, the real Exchange rate will fall and US significances are likely to rise, If the nominal exchange rate doesn't change but US prices rise. This is option A.
Appreciation of the public currency, increase in the exchange rate. When a country's real interest rate rises and other factors remain constant, the country's palpable and fiscal means come more seductive for investment.
The demand for the public currency and the appreciation of the exchange rate increase. Nominal exchange rate refers to the price of a foreign currency expressed in original currency.
Indicates how numerous units of original currency must be given in order to admit one unit of foreign currency.
Question:
still, the real exchange rate is, and the US. It's presumably important,, If the nominal exchange rate doesn't change but US
It's probably important ________.
A.) rejected; increase
b.) extended; increase
C) increase; fall
D.) diminished; fall
To know more about Exchange Rate,
brainly.com/question/10187894
#SPJ4
How should you dress for a phone interview? (Site 1)
online content
Answer:
You should at least have a nice top on because only the camera will see that. If you are a girl you could just wear a dress, probably a black one because that is what I wore to my interview yesterday because there is no pattern or anything it's just a plain black one, but that was in person. if you're a guy you need to wear a suit and tie,but you could probably just wear shorts because they won't see the bottom half of you
Explanation:
I hope this helps out a little bit :-)
An interview is a formal process by which an employee is assessed for his/her performance by the employer.
For a phone interview, one should be dressed properly as the interviewer can see you through the camera.
For a girl, you should be dressed nicely and no revealing or extra shiny clothes should be wore.
In the case of a man, one should be properly dressed in suits or formal shirts.
Try to wear dark black or blue coloured clothes and sit in a properly lighted area.
To learn more about phone interviews follow the link:
https://brainly.com/question/3701296
Oral evidence in contract disputes is prohibited by:Multiple Choicea parol contract.an executory contract.an inferred contract.an unspecified contract.the parol evidence rule.
The parol evidence rule will not permit evidence of an oral agreement that is inconsistent with a written term, for as to that term the contract is integrated.
"Parol evidence” is generally oral evidence. It is beneficial and may be admitted under certain circumstances after the parties agree to a final written agreement. For example, if the parties to the contract made a mistake, such as omitting or mistakenly listing a term, parol evidence may be considered.
The parol evidence rule is an evidentiary rule in contract disputes which generally makes evidence of agreements outside the parties' written contract inadmissible. That is, under the parol evidence rule any agreement that is not contained within the written contract is inadmissible in court.
Learn more about Oral evidence at
https://brainly.com/question/11190327
#SPJ4
give examples where it may be preferable to specify unilateral tolerances as opposed to bilateral tolerances in design
When designing, there are several examples where it may be preferable to specify unilateral tolerances as opposed to bilateral tolerances.
Some of them are listed below:
When a component has only one fixed dimension, it is preferable to use unilateral tolerances. When designing an assembly in which one part must be positioned within specific limits, unilateral tolerances are preferred.
The shafts, which must fit snugly into a hub or coupling, are designed with unilateral tolerances.
When assembling two components, one component has a fixed dimension, and the other component's dimension must be inside a certain range, unilateral tolerances are preferred. A minimum clearance should be specified using unilateral tolerances.
When a surface must be polished or lapped to a specific flatness tolerance, it is preferable to use unilateral tolerances. It is preferred when the condition is controlled by the amount of material removed from one side of the surface, for example, surface roughness of a machined part is a good example.
When designing, unilateral tolerances are often used when you can afford to lose a part but not gain one. For example, if the diameter of the hole is too small, the bolt will not pass through it.
However, if it is too large, the bolt will fit loosely, posing a security risk. Therefore, for such situations, unilateral tolerances are often used.
For more about unilateral tolerances:
https://brainly.com/question/23836234
#SPJ11
In addition to advertising, MasterCard used competitions to build excitement and encourage use of the card. These competitions are a form of
As MasterCard uses competitions to build excitement and encourage use of the card, such competition serves belong to a form of sales promotion.
What is sales promotion?In marketing, this is a strategy that business uses to offer to increase interest or demand in its product or service.
Hence, as uts uses competitions to build excitement and encourage use of the card, it is a form of sales promotion.
In conclusion, the aim of sales promotion is to continue to induce potential customer to patronize their product or service.
Read more about sales promotion
brainly.com/question/1312782
Dominic earns $285 per week plus an 8% commission rate on all his sales. If Dominic sells $4,213 worth of merchandise in one week, how much will his total earnings for the week be? A. $337.04 B. $359.84 C. $513.00 D. $622.04
To find Dominic's total earnings for the week, we need to consider his base salary and the commission he earns on his merchandise sales.
Dominic earns $285 per week and has an 8% commission rate on his sales. He sells $4,213 worth of merchandise in one week.
Step 1: Calculate the commission amount.
Commission = 8% of $4,213
Commission = 0.08 * $4,213
Commission = $336.04
Step 2: Add the base salary to the commission amount.
Total Earnings = Base Salary + Commission
Total Earnings = $285 + $336.04
Total Earnings = $621.04
Therefore, Dominic's total earnings for the week will be $621.04. The correct answer is close to option D, but the exact amount is $621.04.
To know more about merchandise sales refer here:
https://brainly.com/question/16817700#
#SPJ11
On April 1, a company paid the $2,700 premium on a three-year insurance policy with benefits beginning on that date. What amount of insurance expense will be reported on the annual income statement for the first year ended December 31? $2,025.00. $75.00. $2,700.00. $900.00. $675.00.
The amount of insurance expense will be reported on the annual income statement for the first year ended December 31 is $675.00.
Insurance expense
Using this formula
Insurance expense=Insurance premium×Number of months/ Three years
Where:
Insurance premium=$2,700
Number of months= April to December=9 months
Three years=36 months
Let plug in the formula
Insurance expense=$2,700×9/36
Insurance expense=$675
Inconclusion The amount of insurance expense will be reported on the annual income statement for the first year ended December 31 is $675.00.
Learn more about insurance expense here:https://brainly.com/question/794346
Which factor does NOT determine the price elasticity of demand?
the slope of the supply curve
the proportion of the budget spent on the item
the time available to adjust to price changes
the number of available substitutes
The factor that does NOT determine the price elasticity of demand is the slope of the supply curve.
The price elasticity of demand is determined by the responsiveness of the quantity demanded to changes in price, which is affected by factors such as the proportion of the budget spent on the item, the time available to adjust to price changes, and the number of available substitutes.
The proportion of the budget spent on the item is an important factor in determining the price elasticity of demand. When a larger proportion of the budget is spent on the item, the demand tends to be more elastic, meaning that consumers are more likely to adjust their consumption in response to changes in price.
Additionally, the time available to adjust to price changes also affects the price elasticity of demand. When consumers have more time to adjust to price changes, the demand tends to be more elastic.
Finally, the number of available substitutes is also a key factor in determining the price elasticity of demand.
To know more about supply curve visit:
https://brainly.com/question/1600276
#SPJ11
Your marketing research department estimates that the demand function for your product is equal to Q d
=2,000−20P. Suppose P=$60 The absolute value of the price elasticity of demand will be equal to (Round your answer to two decimal places.)
The absolute value of the price elasticity of demand when P=$60 is equal to 0.67.
The price elasticity of demand (Ed) can be calculated using the formula: Ed = (%ΔQd) / (%ΔP), where %ΔQd is the percentage change in quantity demanded and %ΔP is the percentage change in price. Given that the demand function is Qd = 2,000 - 20P, we can find the change in quantity demanded when the price changes from $60 to $59. By substituting these values into the demand function, we get Qd1 = 2,000 - 20(60) = 1,200 and Qd2 = 2,000 - 20(59) = 1,220. The percentage change in quantity demanded is (%ΔQd) = (1,220 - 1,200) / 1,200 = 0.0167. The percentage change in price is (%ΔP) = (59 - 60) / 60 = -0.0167. Substituting these values into the elasticity formula, we get Ed = 0.0167 / 0.0167 = 1. Therefore, the absolute value of the price elasticity of demand is 1, which rounds to 0.67 when rounded to two decimal places.
Learn more about demand here:
https://brainly.com/question/30402955
#SPJ11