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PilotLPTM [1.2K]
4 years ago
7

Samuel has $20 and wants to buy a notebook. He buys the first one he finds, costing him $6. Evaluate Samuel's financial literacy

.
Business
1 answer:
stealth61 [152]4 years ago
8 0
Low financial literacy, because if he had a higher understanding of how choices work he would put a bit more effort into finding a lower-priced one, spending a bit more time as a trade-off for being able to spend more of his money later. 
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scoray [572]

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(I just answered the question on Edgenuity myself)

7 0
3 years ago
Severance pay plans grant employees weekly benefits in addition to state unemployment compensation. True
Yanka [14]

Answer:

False

Explanation:

In simple words, Severance pay can be understood as a salary and/or incentives given to an individual by a company after the job is over. In order to help an individual obtain a new job, severance arrangements can include additional rewards, such as life care and observer ship support.

Thus, the weekly benefits are not included in this and the above statement is incorrect.

4 0
3 years ago
A marketing ___________ is the blending of four marketing elements product, distribution, price, and promotion.
Arturiano [62]
A market mix is the blending of four marketing elements product, distribution price and promotion
5 0
3 years ago
Suppose that the price of chicken rises sharply compared to the price of turkey. In response, consumers buy more turkey and less
astra-53 [7]

Answer:

A.overstate; substitution

Explanation:

Consumer Price Index (CPI): is a measure that examines the weighted average of prices of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking the average of the price changes for each item in the predetermined  goods. Changes in the CPI are used to assess price changes associated with the cost of living therefore the CPI is used economist for identifying periods of inflation or deflation.

when we say the CPI overstate inflation; it is because of:

Substitution bias (when the price of a product in the consumer basket increases substantially, consumers tend to substitute lower-priced alternatives; Therefore, it tends to overstate inflation due to a lack of accountability ) and;

Quality bias (over time, technological advances increase the life and usefulness of products).

3 0
4 years ago
From the McDonalds web "There is increasing concern about obesity rates and related risks to well-being among consumers, governm
Sidana [21]

Answer:

Social responsibility

Explanation:

Social responsibility is the way a company's managers and employees view their duty or obligation to make decisions that protect, enhance, and promote the welfare and well-being of stakeholders and society as a whole.

6 0
4 years ago
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