Considering the demand for chewing gum where the demand is perfectly elastic and the supply curve is upward sloping. A decrease in supply will result in no change in the price of chewing gum.
A price, in general, is the amount of money or other types of recompense that one party offers to another in exchange for the provision of goods or services.
A different term is used to refer to the cost of production in various settings.
If the object is referred to as a "good" in the context of a business transaction, the term "price" refers to the amount of money paid for it.
Finally, consider the chewing gum market, where the demand curve slopes upward and is entirely elastic, whereas the supply curve slopes downward.
The price of chewing gum will not change as a direct result of a decrease in available supply.
Hence, there will be no change in price.
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A d-snp member loses his eligbility due to a change or loss of medicaid status. what cost sharing is he responsible for while in teh grace period?
A DSNP member loses his eligibility due to a change or loss of Medicaid status. He is responsible for All, such as premiums, deductibles, copayments, and coinsurance.
What is DSNP?Coordinating their healthcare with both Medicare and Medicaid services can be challenging for the millions of Americans who are dual-eligible for healthcare benefits. As a result, Medicare Advantage offers Special Needs Plans, which give you a practical option to coordinate your medical needs under a single plan. Dual-eligible Special Needs Plans, or SNPs, are a category of Special Needs Plans that permit enrollment by those with dual eligibility.
For beneficiaries who have both Medicare and Medicaid coverage, there are specialty Medicare Advantage plans known as DSNPs. Health Maintenance Organization (HMO) or PPO plans are the two categories that most DSNPs fall under (Preferred Provider Organization plans).
In some jurisdictions, but not all, DSNPs are accessible through specific private insurance providers. Federal law mandates that these plans offer all of Original Medicare Part A's (hospital insurance) and Part B's (medical insurance) benefits. Individual states, however, have jurisdiction over what extra benefits providers may offer as part of the DSNP.
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The contribution margin ratio is the:_____.
a. same as the variable cost ratio
b. same as the profit-volume ratio
c. portion of equity contributed by the stockholders
d. same as profit
The contribution margin ratio is equal to its revenue less all variable costs, divided by its revenue.
What is contribution margin ratio?The contribution margin informs the business of the discrepancy between the product's cost of production and its selling price. The contribution margin ratio informs the business of the percentage of sales revenue that will be available to pay for fixed costs, such as office space.
In order to understand how sales, varying costs, and fixed costs all affect operating profit, contribution margin is useful. It offers business owners a means to determine how different sales volumes may impact profitability. It can be calculated at the unit or overall level and reported as a dollar amount or a percentage.
It can be used to quickly calculate the impact of a change in sales revenue on profitability and is utilised in target profit and break-even analyses.
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If the prize patrol showed up at your door with a check for a million dollars, you'd probably be overcome with a feeling of ________ or overwhelming happiness. chances are slim, so don't bank on it.
If the prize patrol showed up at your door with a check for a million dollars, you'd probably be overcome with a feeling of Exaltation or overwhelming happiness. chances are slim, so don't bank on it.
What is prize patrol?The Prize Patrol is a group of PCH staff members led by Executive Director Dave Sayer, Senior Vice President Todd Sloane, and Danielle Lam.
The Prize Patrol makes national trips and presents big awards to deserving PCH winners. Members of the Prize Patrol can be identified by their blue coats, which prominently show official Prize Patrol badges. They surprise unknowing winners by personally presenting them with large cash sweepstakes prizes when they arrive in the renowned PCH Prize Patrol van carrying champagne, flowers, a giant check, and balloons.
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Money illusion occurs when:___.
a. the value of moneydisappears.
b. we disregard inflation adjustments for dollar values.
c. the rate of inflation decreases.
d. falling relative prices make consumers feel richer.
The correct answer is b. we disregard inflation adjustments for dollar values.
According to the money illusion theory, people frequently see their wealth and income in nominal dollars rather than understanding its true value, which is adjusted for inflation.
Does money illusion persist throughout time?Money illusion, according to monetarist economists like Milton Friedman, often only happens in the short run, when there is a delay before consumers realize that prices have gone up. A rise in the money supply may temporarily boost actual output because there is a short-term money illusion.
As causes of money illusion, economists point to things like a lack of financial literacy and the pricing rigidity present in many commodities and services.
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Pete jackson purchased office equipment costing $3,000 for his business and paid immediately. record this transaction in the accounting equation by:_____.
Pete Jackson purchased office equipment costing $3,000 for his business and paid immediately. record this transaction in the accounting equation by: decrease cash, increase equipment.
When using the accounting equation, recording the acquisition of kit for cash would come with a rise to the account and a decrease to the (Cash/Equipment/Supplies) account. What's the right definition of an asset? Business activities change the amounts within the accounting equation.
The purchase of an equipment would only result in a rise in an asset (Equipment) and a decrease in another asset (Cash) within the same amount which might result in the identical total amount of assets, liabilities and equity, and can not affect the fundamental accounting equation.
The formula is straightforward: A company's total assets are adequate to its liabilities plus its shareholders' equity. The accounting equation is also expressed as assets - liabilities = owner's equity.
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When your direct reports are presenting a plan or issue to you, how do you know if the underlying assumptions are the correct ones? what actions do you take to validate assumptions or data?
The simple guideline for testing assumptions is: If all else is equal and A is more severe than B, test A first. The second component is the likelihood of an assumption being correct. Many people find it strange that hypotheses with a smaller chance of being true should be examined first.
Why do we test assumptions?The acceptance tests of the analysis you have chosen allow you to determine whether you can draw the correct conclusions from the results of your analysis. You can think of assumptions as requirements that you must meet before you can perform your analysis.
What are the 3 assumptions that apply to the test?This type of test makes the following assumptions about the data:
Independence: The observations of one sample are independent of the observations of the other sample. Normality: Both samples are approximately normally distributed.Homogeneity of variance: The two samples have approximately the same variance.What are the assumptions in the data analysis?The general data assumptions are: random sampling, independence, normality, equal variance, stability, and that your measurement system is accurate and precise.
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A wave of mergers peaked between 1897 and 1904. the largest of these mergers created the first billion dollar american corporation. what was that corporation? group of answer choices
Based on the wave of mergers peaked between 1897 and 1904, the largest of these mergers created the first billion dollar American corporation is known to be option a. United States Steel.
What are mergers?Mergers are known to be a method that is used by companies to be able to expand their scope, widen into some new areas, or gain a lot of market share.
Note that a merger is seen as a kind of voluntary mix up of two companies on a good or equal terms into a single new legal entity.
Therefore, Based on the wave of mergers peaked between 1897 and 1904, the largest of these mergers created the first billion dollar American corporation is known to be option a. United States Steel.
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A wave of mergers peaked between 1897 and 1904. The largest of these mergers created the
first billion dollar American corporation. What was that corporation?
a. United States Steel
b. Standard Oil
c. General Electric
d. American Tobacco
Managerial accounting provides information that would probably be most beneficial to:_____.
Managerial accounting provides information that would probably be most beneficial to the IRS financial analysts a lending officer of the bank .
What is Marginal Accounting ?
A "margin account" is a specific kind of brokerage account where the broker-dealer lends the investor money to buy securities while using the account as collateral. While margin gives investors more purchasing power, it also exposes them to the possibility of bigger losses.
The number of shares X the price X the margin rate must be multiplied to determine the margin needed for a long stock buy. The margin needed for a short sale is equal to the standard margin needed plus 100% of the security's value.
If you have $5,000 in cash, for instance, in a margin-approved brokerage account, you could purchase up to $10,000 in marginable stock. You would use your cash to purchase the first $5,000 of that amount, and your brokerage company would lend you the remaining $5,000 using the collateralized marginable stock as security.
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Generally, the payment of an accelerated death benefit is _______ to a recipient if the benefit payment is qualified.
The correct answer is Tax free.
An Accelerated Death Benefit (ADB) enables the holder of a life insurance policy to obtain a portion of the death benefit from the insurer before passing away. The policyholder must typically have a terminal illness with a life expectancy of two years or fewer.
How are benefits for hastened death paid?A lump amount may be provided as part of some hastened death benefits. With a benefit for a terminal disease, this happens more frequently. Payments for chronic illnesses are more frequently made. According to Schelhaas, some accelerated death benefit riders are simple because they pay a specific portion of the death benefit.
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The process of analyzing the tasks necessary for the production of a product or service is called ______.
The correct answer is work flow design.
To offer team members and stakeholders a high-level overview of each activity involved in a certain process, workflow design entails mapping out all activities and processes in a visual manner.
How does one develop a workflow design?Step 1- How to Create an online workflow:
Step 2- Decide on your resources.
Step 3- Make a list of the tasks that must be completed.
Step 4- Determine who is in charge of each task and assign duties.
Step 5- Make a workflow diagram to see the procedure in action.
Step 6- Try out the process you designed.
Step 7- Introduce the new workflow to your staff.
Step 8- Launch the updated workflow.
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Economists assume that rational behavior is useful in explaining choices people make.
Economists assume that rational behavior is useful in explaining choices people make Even though people may not behave rationally at the time.
What are Economists?
A professional and practitioner in the social science field of economics is called an economist. The person may also research, create, and use economic theories and concepts, as well as write about economic policy. The production and distribution of resources, goods, and services are studied by economists through data collection and analysis, trend research, and evaluation of economic concerns.
therefore,
Economists assume that rational behavior is useful in explaining choices people make Even though people may not behave rationally at the time.
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What are components of the network effect in social media engagement? (choose every correct answer.)
The components of the network effect in social media engagement are
Social media are used by marketers and customers to share many kinds of information.Social media can be an important component of an integrated marketing communications strategy.Social media facilitate interpersonal interactions.Option D is correct All of the above
This is further explained below.
What is social media?Generally, The term "social media" refers to a group of interactive technologies that, via the use of online communities and networks, make it easier for people to create and share information, ideas, hobbies, and other kinds of expression.
The term "information" is used to refer to anything in the abstract that has the capacity to inform.
When broken down to its most elemental components, information refers to the decoding of what may be seen.
In conclusion, The multiplicative effect of having individuals exchange information with others with whom they are connected through social media.
The lightning-fast rate at which information may be disseminated via social media.
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CQ
What are the components of the network effect in social media engagement? (choose every correct answer.)
Social media are used by marketers and customers to share many kinds of information.Social media can be important components of an integrated marketing communications strategy.Social media facilitate interpersonal interactions.All of the aboveThe functions of organizing, staffing, planning, and controlling are most closely associated with:_______.
Managers are most closely connected with the organizing, staffing, planning, and controlling functions.
Who Are the Managers?
We frequently judge managers based on where they are located within an organization. This reveals a little about their function and the nature of their duties. The following graphic highlights historical and modern organizational perspectives on managerial positions (Ghoshal & Barlett, 1999). In the modern view, top managers support and serve other managers and employees (through a process called empowerment), just as the organization ultimately exists to serve its customers and clients, in contrast to the traditional, hierarchical relationship between layers of management and managers and employees.
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Burger king's satisfries are most likely marketed to which type of customer market?
Burger king's satisfies are most likely marketed to consumer type of customer market.
What are consumer markets?A consumer market is known to be defined as a kind of market when people purchase products or services for their own specific use, as seen to buying it to sell to others.
Note that Consumer markets is made up primarily of products that individuals use as part of their daily lives
Therefore, Burger king's satisfies are most likely marketed to consumer type of customer market.
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The organization that sets standards for computer components, signaling protocols, and data representation is the?
The organization that sets standards for computer components, signaling protocols, and data representation is the IEEE, or the Institute of Electrical and Electronics Engineers.
What is the significance of IEEE?Institute of Electrical and Electronics Engineers, or simply IEEE, is a standards organization whose networks and guidelines can be considered as the basis for the development of computer gadgets and other devices used for the purpose of data representation. The standards proposed by IEEE have a universal acceptance.
Therefore, the significance regarding IEEE has been aforementioned.
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Materials that become an integral part of the finished product but are insignificant in cost are often classified as:________
Materials that become an integral part of the finished product but are insignificant in cost are often classified as: Indirect material.
Indirect material.
Even though they are used in the entire manufacturing process, indirect materials do not go into the finished product. For instance, while disposable gloves, PPE, tape, etc. may be necessary for a production line, the actual product produced on that line may not include any of these items.What does cost accounting's indirect material mean?Cost of indirect materials. It is a cost that is accounted for in the manufacturing process' overhead costs and comprises of the costs of shop supplies, perishable tools, and equipment. Here, the term "material" refers to anything which is consumed secondarily or indirectly.To Learn more about Indirect Materials, Click the links.
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Which statistical tool is most useful when selecting an allocation base for cost pools?
Correlation is the statistical tool is most useful when selecting an allocation base for cost pools.
Correlation, in the finance and investment industries, is the statistic that helps in measures the degree to which two securities move in relation with each other. Correlations are usually used in advanced portfolio management, computed as the correlation or coefficient, which has a value that must fall between -1.0 and +1.0. Correlation is the statistic that measures the degree to which two variables move with relation to each other. Correlation is closely tied to be in diversification, the concept that have certain types of risk can be mitigated by investing in assets that are not correlated.
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Small sellers to a buying center should first concentrate their marketing efforts on reaching ________.
Small sellers to a buying center should first concentrate their marketing efforts on reaching influencers.
What is the function of influencers?The influencer are those that help in promoting the brand of the company, since the marketing operation involves theaction or business of promoting as well as selling products or services which could including market research and advertising.
It is the function of the influencers to help in the promotion, hence Small sellers to a buying center should first concentrate their marketing efforts on reaching influencers.
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In the product markets of the circular flow model, businesses provide goods and services to the ____________ sector in exchange for consumption spending (or revenues).
In the product markets of the circular flow model, businesses provide goods and services to the household sector in exchange for consumption spending (or revenues).
The circular flow model shows the interaction between two groups of economic decision-makers—households and businesses—and two sorts of economic markets—the marketplace for resources and also the marketplace for goods and services.
In economics, a circular flow model may be a diagram that's accustomed to represent the monetary revenues transactions in an economy. There are two flows present within the model including flow of physical things (goods or labor) and flow of cash (what pays for physical things).
Thus, there aren't any taxes, savings, or investments that are related to other sectors. Four sector model studies the circular flow in an open economy which comprises the household sector, business, government sector, and foreign sector. It is defined because the flow of payments and receipts for goods, services, and factor services between the households and therefore the firm sectors of the economy.
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Boeing and airbus both had to make difficult decisions to address ethical missteps. Airbus’ decision to dismiss over 100 employees due to ethics and compliance reasons is tied to which managerial role?.
Boeing and Airbus both had to make difficult decisions to address ethical missteps. Airbus’ decision to dismiss over 100 employees due to ethics and compliance reasons is tied to Decision making as a managerial role.
The role stated in Decision Making as a managerial role in the given question is Disturbance Handler.
Disturbance Handler: In this position, managers must make decisions on uncontrollable, stressful, and unpredictable circumstances that are unsettling. For instance, managers must mediate disputes between subordinates as well as between their departments and other departments.
The role stated in Decision Making as a managerial role in the given question is Disturbance Handler.
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When faced with cash flows of equal magnitude occurring at different points in time, we prefer to?
When faced with cash flows of equal magnitude occurring at different points in time. Then, "receive it sooner than later."
What is cash flow?The net amount of cash equivalents transferred into and out of a company is referred to as cash flow. Inflows are represented by cash received, while outflows are represented by money spent.
Some key points related to cash flow are-
The ability of a company to start generating positive cash flows or, more particularly, to achieve maximum long-term free cash flow is fundamental to its capacity to create shareholder value (CFC). FCF is a company's cash generated from normal business operations after deducting any money being spent on capital expenditures.Cash flow from operations, investing, & financing are common categories for a company's cash flow.The debt coverage ratio, free money flow, & unlevered cash flow are all methods for analyzing a company's cash flow.To know more about the cash flow, here
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Within the relevant range of activity, _____costs remain constant in total. multiple choice question.
a. variable
b. fixed
c. both fixed and variable
d. neither fixed nor variable
Within the relevant range of activity, fixed costs remain constant in total. multiple choice question.
What is fixed costs?The phrase "fixed cost" describes a cost that stays the same regardless of how many products or services are produced or sold. Fixed costs are outlays that a corporation must cover regardless of any particular business operations.
As a result, fixed costs are typically indirect because they don't affect how a company produces any goods or services. In general, businesses might have either fixed expenses or variable costs, which add up to their overall costs. Shutdown points are generally used to cut back on fixed costs.
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Which term refers to the accountability of marketing dollars spent on marketing activities?
Accountable Marketing is the term which refers to the accountability of marketing dollars spent on marketing activities
Accountable Marketing is essential to Marketing accountability because of the following reasons;
Besides being able to justify spending and enable us to run the Marketing organization more effectively and efficiently, knowing what is and isn't working helps Marketing achieve greater influence and serve in a more strategic role.
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Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the _____ of the car-manufacturing firm.
If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the Factors of production of the car-manufacturing firm.
What is Factors of production?
Factors of production can be defined as factors, inputs or resources that contributed to the production of goods and services.
Labor, land , capital as well as entrepreneurship play a major role when it comes to production of goods and service as they are the factors that contributed to the production of goods and services which in turn means that they are essential.
Therefore If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the Factors of production of the car-manufacturing firm.
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Suppose a typical worker in india can produce 32 units of product in an eight-hour day, while a typical worker in bangladesh can produce 30 units of product in a 10-hour day. we can conclude that:_________
India probably has a higher standard of living than Bangladesh.
Where do people who work in community health work?Whether they operate in an urban, rural, or mixed community, community health professionals frequently reside in the areas they serve. When resources are scarce or there is a lack of access to high-quality healthcare, there is often a greater need for CHWs in disadvantaged and marginalized populations.
The workplaces that community health workers actually work in are diverse as well. The BLS reports that the most typical areas of employment are individual and family services, governmental organizations, and religious or civic groups. A community health worker (CHW) acts as a bridge between the community and the health care, governmental, and social service systems.
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Which Learning Outcome domain accounts for almost 50% of the ITIL 4 Foundation exam?
Understand 7 ITIL practices Learning Outcome domain accounts for almost 50% of the ITIL 4 Foundation exam
This is further explained below.
What is the Learning Outcome domain?Generally, Knowledge, Skills, and Perceptions are the three pillars that make up the student's overall learning (values).
The areas of knowledge, ability, and attitudes that form the foundation for writing learning outcomes may be broken down into three categories, which are described below.
All of the learning objectives indicate either learning or the development of skills and attitudes in these areas.
In conclusion, Acquire knowledge of the seven ITIL practices Almost half of the points on the ITIL 4 Foundation test are devoted to the Learning Outcome domain.
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Nielsen gathers consumer insights through a variety of ways, including consumer tracking and panels. which type of research is nielsen engaged in during these examples?
The type of data that Nielsen gathers means that the research that is gathered is online marketing research.
What research does Nielsen gather?The use of consumer tracking and panels having online because consumer panels are located online on websites and social media.
This means that the way that Nielsen goes about gathering its data is by copying online marketing research which calls for the usage of consumer discussions on panels online.
Options for this question include:
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In which area of the world were policies based on the solow growth model consistently applied, but with very limited success?
The area of the world were policies based on the Solow growth model consistently applied, but with very limited success is Africa.
What is the Solow growth model?The Solow-Swan model, or exogenous growth model, is an economic model for long-term economic growth. It attempts to explain long-term economic growth by looking at capital accumulation, labor or population growth, and productivity growth driven primarily by technological progress.
What does the Solow growth model explain?The Solow growth model is an exogenous model of economic growth that analyzes changes in the level of economic output over time as a result of changes in population growth rates, savings rates, and technological progress.
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From the perspective of the united states, the process of foreign companies transferring tasks and jobs to u.s. companies is called:________
From the perspective of the United States, the process of foreign companies transferring tasks and jobs to u.s. companies is called in sourcing. Thus, option (e) is correct.
What is jobs?
A “job” is a designation for working for a specific business. An opportunity for career advancement arises from the job. One could increase their income and gain experience by working.
The foreign companies are the ones transferring the tasks, and the job is called in sourcing. In sourcing, the term refers to the person involved, the specialist for filling temporary needs. The company provided the training to effectively complete the task.
As a result, the foreign companies transferring tasks and jobs to u.s. companies is called in sourcing. Therefore, option (e) is correct.
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Your question is incomplete, but most probably the full question was.
Importingfactoringbenchmarkingdumpingin sourcingIf a firm has a lot of net cash flow, does that mean the firm’s balance sheet cash account must be high?.
No, if a firm has a lot of net cash flow, does that mean the firm’s balance sheet cash account must be high
The cash flow or coins equivalent that the organization gets or offers out by using the way of charge(s) to lenders is called coins float. cash go with the flow analysis is frequently used to examine the liquidity role of the organization.
Cash flow is a measurement of the quantity of coins that comes into and out of your business in a particular time frame. when you have fantastic coins go with the flow, you've got greater coins entering your commercial enterprise than you've got leaving it—so you will pay your payments and cover different fees.
Upload your internet earnings and depreciation, then subtract your capital expenditure and change in operating capital. loose coins drift = net income + Depreciation/Amortization – alternate in working Capital – Capital Expenditure.
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