Correct answer: "<span>C. a situation in which quantity demanded is greater than quantity supplied"
Shortage is also referred to as excess demand - meaning that there is a greater demand than what there is to give. The opposite concept would be economic surplus.
</span>Example: when the need for food in a certain village is greater than what is supplied or produced in that village, there a shortage of food.
Answer:
Using EMV analysis, the number of units of the new product should be purchased for resale = Purchase 7.
The maximum EMV of profit you can make is 270.
Explanation:
We can use the following method to solve the given problem
Solution:
Using EMV analysis,
EMV (Purchase 6 for resale)= 6(40)(0.1) + 6(40)(0.4) + 6(40)(0.5)=240
EMV (Purchase 7 for resale) = [6(40)-60](0.1) +7(40)(0.4) + 7 (40)(0.5) = 270
EMV (Purchase 8 for resale) = [6(40)-2(60)] (0.1) + [7 (40) - 60] (0.4) + 8(40)(0.5)= 260
Largest EMV= 270; Choose to purchase 7 units for resale.
Answer: The correct answer is "c. It is commonly used in the test marketing of new products in isolated geographic areas."
Explanation: The statement "It is commonly used in the test marketing of new products in isolated geographic areas." is true about the experimental method of data collection.
The experimental method of data collection is that by which an experiment is performed establishing the appropriate conditions of the place to run the test and thus collect data effectively.
Answer:
The correct answer is number (1
): True.
Explanation:
Safety professionals are those who because of expertise or certification can be in charge of ensuring safety and setting guidelines in an organization. In the U.S., the Board of Certified Safety Professionals (BCSP) offers certification for all those individuals interested in this field to those individuals with at least four (4) years of experience in preventive safety.
The BCSP offers certifications as Associate Safety Professional or Certified Industrial Hygienist just to mention a couple.
Answer:
A factor company
Explanation:
A factor company is a finance company that specializes in purchasing company's accounts receivable,then goes ahead to collect the balances from the customers for a fee.
A factor company sometimes does this with a recourse to the company whose receivable has been factored or without a recourse.
With a recourse means that any accounts receivable balance uncollected would be transferred to the original company while without a recourse is the opposite situation