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3 years ago

A method often used by economists to look at distribution of income in a society's economy involves:__________

Business

1 answer:

goblinko [34]3 years ago

3 0

Answer:

Quintiles, or dividing a whole group into fifths

Explanation:

Income can be described as the amount of money gotten from the sale of a particular good or service. In a country with a large population, it is necessary that the income generated in the country be distributed among the population.

This distribution is important for the development of a country as it helps to reduce the poverty rate.

Income distribution can be defined as the process in which a country gross domestic product is shared among the population. GDP is the amount of money acquired by a country after the sale of goods and services.

Quintiles method is carried out by categorizing all households according to the amount of income that is earned. This classification is done by grouping them from the lowest amount of income to the highest amount. These households are then divided into five groups with each of them having equal number of persons.

Hence economists make use of the quintiles method or dividing a whole group into fifths because it is very effective in income distribution.

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Rose Holcomb is the CEO of Holcomb Engineering, a small but growing firm. She believes that the talents and abilities of her com

SCORPION-xisa [38]

Answer: there will be a boost in the effectiveness of the workers and effectiveness utilization of their potentials. This is vital for the growth of the company and for the company to boost its profit and also gain competitive advantage over its competitors.

Explanation:

From the question, we are informed that Rose Holcomb is the CEO of Holcomb Engineering, a small but growing firm and she believes that the talents and abilities of her company’s employees are underutilized and therefore she decided to hire her firm’s first human resource manager who can help her devise more effective human resource strategies.

The likely result of this decision by Rose is that there will be a boost in the effectiveness of the workers and effectiveness utilization of their potentials. This is vital for the growth of the company and for the company to boost its profit and also gain competitive advantage over its competitors.

4 0

4 years ago

The key to good market intelligence is to _____ data, which means to explore, compare, and contrast data from multiple sources

agasfer [191]

Complete question:

The key to good market intelligence is to _____ data, which means to explore, compare, and contrast data from multiple sources before it can be validated.

a. triangulate

b. minimize

c. gather

d. collect

e. assemble

Answer:

The key to good market intelligence is to triangulate data, which means to explore, compare, and contrast data from multiple sources before it can be validated.

Explanation:

Triangulation means that data are obtained using more than one process. This is a way to ensure research's validity. Have used a variety of methods for collecting data, which apply to the same topic. This includes different survey forms and data collection techniques.

Nevertheless, triangulation does not actually have the purpose of cross-validating results, but of collecting different dimensions of the same phenomena.

5 0

3 years ago

The New Zealand dollar to U.S. dollar exchange rate is 1.35, and the British pound to U.S. dollar exchange rate is 0.61. If you

ExtremeBDS [4]

Answer:

The riskless profit is $0.2 per US dollar invested.

Explanation:

New Zealand dollar to US dollar exchange rate is 1.35

1 US dollar = 1.35 New Zealand dollars

1 New Zealand dollar = 0.54 pounds

Calculate the number of pounds that one can buy with 1.35 New Zealand dollars -

Number of pounds = 0.54 * 1.35

= 0.729 pounds

The number of pounds that one can buy with 1.35 New Zealand dollars is 0.729 pounds.

1 US dollar = 0.61 pounds

1 Pound = (1/0.61) US dollars

1 Pound = $1.64

Calculate the number of US dollars that one can buy with 0.729 pounds -

Number of US dollars = 0.729 * 1.64 = $1.2

The number of US dollars that one can buy with 0.729 pounds is $1.2

It can be seen that investing 1 US dollar and then cross conversion leads to a return of $1.2.

Riskless profit = $1.2 - $1 = $0.2

Therefore, The riskless profit is $0.2 per US dollar invested.

5 0

3 years ago

After completing his competitor analysis, Justin realized his company was the only one with all-natural ingredients in their piz

kolbaska11 [484]

Answer:

Justin has uncovered the Opportunity aspect of the SWOT analysis

Explanation:

The SWOT analysis stands for strength, Weakness, Opportunity and Threat.

The term opportunity refers to chances, openings that is available for an organisation in the market in which it operates. Opportunity usually arises from external environment of the organisation.

An organisation that is able to spot and exploit opportunities will have the ability to compete favorably in the market and make a huge difference in its operations.

Therefore, Justin realizing that his company was the only one with all-natural ingredients in their pizza crust and could use this to get the pizza into more health food grocery stores has uncovered an opportunity which if leveraged on will enhance its profitability.

8 0

3 years ago

The city of Tustin, California, has spent $10 million on a project to build a new community college. It will cost the city $40 m

Irina18 [472]

Answer:

The correct answer is A

Explanation:

Sunk cost is the cost which is incurred by an entity and that can no longer be recovered. It is that cost which is not considered when making the decision to continue investing in the online project as it cannot be recovered.

In this case, city of Tustin incurred $10 million on the project for building a new community college and further it require $40 million to finish the project. The economist told the city council to ignore $10 million because it is a sunk cost which cannot be recovered.

5 0

3 years ago