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3 years ago

What is revenue for the business vocabulary

Business

1 answer:

notsponge [240]3 years ago

7 0

Answer:

Revenue is money earned by a business, or income received by the government from taxes

Explanation:

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The demand for ski rentals falls when the price of lift tickets increases. This is an example of?

romanna [79]

The demand for ski rentals falls when the price of lift tickets increases. This is an example of Price Elasticity of demand.

<h3>What Is Price Elasticity Demand?</h3>

This refers to the relationship between the price of a commodity relative to the demand of that same commodity.

In other words Price elasticity of demand is a measure of how sensitive the quantity demanded is to its price.

When the price increase, quantity demanded for such product decreases. It is important to note that the fall in prices of some product is more than the others.

Learn more about Price Elasticity of Demand at brainly.com/question/5078326

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1 year ago

You have been at fault in your second accident in six months. your insurance company is going to increase your annual premium by

yawa3891 [41]

Your adjusted premium based on a current annual premium of $975, increased by a 28% penalty for being at fault in the second accident in six months, is <u>$1,248</u>.

<h3>What is the annual premium?</h3>

The annual premium is the amount that a policyholder pays to the insurance company for a one-year insurance policy.

The annual premium helps to guarantee payment of indemnity when the covered events occur.

This implies that the annual premium is a periodic contribution that helps in the pooling of risks by the insured to help the insurer meet its indemnity obligations.

<h3>Data and Calculations:</h3>

Current annual premium = $975

Increase in annual premium = 28%

Adjusted premium = $1,248 ($975 x 1.28)

Thus, the adjusted premium based on a current annual premium of $975, increased by a 28% penalty for being at fault in the second accident in six months, is <u>$1,248</u>.

Learn more about the annual premium at brainly.com/question/25280754

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2 years ago

Why do most economists believe that it is important for a country’s central bank be independent of the rest of the country’s cen

ohaa [14]

Answer:

For economists is important to avoid political interferance in the monetary policy. Populist governments often use the creation of money to justify their political programs, causing inflation and distortions on the market.

In the last report of FOMC is highlighted the behaviour of market labour and the lower expectations of inflation.

Explanation:

There are two tools commonly used in political economy to finance government programs: taxation and paper currency print. When the central bank is not independent, the government has an incentive to print money to fund their programs, causing inflation. In economic science has been demonstrated that inflation is always caused by monetary phenomena.

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3 years ago

Marcia Simpson is the CEO of a golf training aid company. The company manufactures a variety of different products to help golfe

wariber [46]

Answer: Business

Explanation: In simple words, business refers to a group of activities that an individual performs, by taking calculated risk, for the ultimate purpose of making profit.

In the given case, Marcia Simpson is starting the new academy to target wealthy corporate employees.

Hence we can conclude that she is willing to start a business.

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3 years ago

Andrea uses a rake to move a pile of leaves. The rake is being used as a _____ lever. First-class second-class third-class

laila [671]

The answer to your question is Third Class.

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3 years ago

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