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Aleonysh [2.5K]
3 years ago
9

Stana and Rick were discussing whether Chloe, a senior HR manager at their firm, had an advanced degree. Stana surmised that sin

ce all HR managers at the firm had advanced degrees and Chloe was the most experienced HR manager, Chloe must have an advanced degree. Which type of reasoning did Stana use?a. Deduction
b. Fallacy
c. Analogy
d. Causality
Business
1 answer:
Gwar [14]3 years ago
8 0

Answer:

A. Deduction

Explanation:

Deduction or deductive reasoning is the process whereby a logical conclusion is reached from one or more statements. Deductive reasoning involves using generalization or a general fact to reach a specific and logical conclusion. In the case, the general fact is that all HR manager in the firm has advanced degree. The logical conclusion here is that since Chloe is a HR manager with the most experience, then surely she must have an advanced degree.

In summary, deductive reasoning moves from generalities to a specific streamlined logical conclusion.

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What would be two things you may want to use installment credit for in the future?
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3 years ago
17-2. Assume that an average firm in the office supply business has a 6% profit margin, a 40% total liabilities/assets ratio, a
S_A_V [24]

Answer:

No it will not, the statement is incorrect.

Explanation:

if the firm is making a profit, then it means it is growing, so we must determine the firm's growth rate:

firm's growth rate = return on assets (ROA) x (1 - dividends paid)

since we are not given ROA, we must calculate it first:

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now we go back, firm's growth rate = return on assets (ROA) x (1 - dividends paid) = 12% x (1 - 40%) = 12% x 0.6 = 7.2%

The firm can manage to support an annual growth rate of up to 7.2% before it needs to borrow money or issue new stocks.

6 0
3 years ago
Storytime Park competes with Splash World by providing a variety of rides. Storytime sells tickets at $ 100 per person as a​ one
meriva

Answer:

contribution margin ratio= 0.4

Break-even point (dollars)= $635,000

Explanation:

Giving the following information:

Storytime sells tickets at $ 100 per person as a​ one-day entrance fee.

Variable costs are $ 60 per​ person, and fixed costs are $254,000 per month.

To calculate the contribution margin ratio, we need to use the following formula:

contribution margin ratio= contribution margin/selling price

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To calculate the sales required to break even, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 254,000/0.4

Break-even point (dollars)= $635,000

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Answer:

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Explanation:

Customer service is simply the act of meeting a customer's needs. This involves providing professional, informative, pre-service and post-service opportunities among other things to ensure that the customer is satisfied and also ensuring the employees are delivering company products and other things to the public.

Cheers.  

4 0
3 years ago
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