Explanation:
<u>Relevance, control and results</u> are the three basic principles of Google Ads.
- Relevance: Helps the user connect with the right people, at the right time and with the right message.
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Control: The user has full control over how much they want to spend on ads, which increases control over their budget. And google Ads displays ads according to the settings set by the user.
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Results: Results are most likely to be viewed by using the performance tools provided by Google ads. The user only pays for the results achieved.
Answer:
b. 8 years.
Explanation:
We solve this with the formula for straight line depreciation:
We plug our values and solve
useful life: 8 years
Answer:
C- The soundness of decisions is often limited because managers are unaware of problems or opportunities that exist in the organization
Explanation:
<em>Administrative decision making</em> is moderately rational decision making which considers a limited amount of criteria, not taking the broader picture into account. Therefore, certain problems and potential complications can arise if a more complex analysis of decision factors is not conducted.
In other words, a few possible outcomes are analysed and managers ettle for the one that seems optimal in that limited range.
Pure competition or perfect competition is where all firms have full knowledge of what is going on in the market, where there is free flow of information between not only the producers, but also with the consumers.
As such, all firms have no dominant share of market power since each individual firm is able to produce the good of the same quality and quantity (factors of production are fluid, and no costs in transportation in this theory). And at the same time, consumers have full knowledge of the quality of good they are getting and hence no firm will be able to exploit the misinformation of a good for its own profits.
This builds up to the point of a perfectly elastic demand curve, where consumers know what amount and at which price point do they value the product at. And knowing for the fact that small individual firms in a purely competitive firm have no say over prices, they become the price takers for this kind of market. Thus where MB=MC, the equilibrium point is reached and it is also at the socially optimal level since all consumers have full knowledge of the pros and cons of consuming a product (hence no externalities).
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