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Liono4ka [1.6K]
3 years ago
7

Paul is an analyst at an investment bank. He notices that many of the senior executives at his office go on European cruises, so

he decides to save up and go on a European cruise so that he will appear to be more like those executives. Paul's comparison of his own trip choices with those of others to determine his relative social standing is an example of ________.
Business
1 answer:
iren2701 [21]3 years ago
4 0

Answer: The correct answer is "status consumption".

Explanation: Paul's comparison of his own trip choices with those of others to determine his relative social standing is an example of <u>status consumption.</u>

Each exchange made in the market is preceded by a predetermined behavior on the part of the consumer influenced by aspects such as the status consumption that is the need to consume to demonstrate a certain social level.

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Paxton Company can produce a component of its product that incurs the following costs per unit: direct materials, $9.10; direct
Ghella [55]

Answer:

$0 cost or savings per unit

Explanation:

Cost to Buy

Purchase Price       $31.40

and,

Costs to Make

Direct materials        $9.10

Direct labor              $13.10

Variable overhead   $2.10

Fixed Overheads     $7.10

Total                        $31.40

therefore

The net incremental cost or savings of buying the component is $0 cost or savings per unit

5 0
3 years ago
As you read the business news, you come across an advertisement for a bond mutual fund – a fund that pools the investments fro
Alika [10]

Answer:

Follows are the solution to this question:

Explanation:

Follows are the two ways of describing its high return:

Firstly, the mutual fund is invested in pretty unstable debt and is reciprocating with greater yields for taking a risk.

Secondly, during every decrease in bond yields, the finance kept bonds so the income on stocks exceeded this same rate of interest significantly. Remember that bond costs skyrocket as interest rates drop as well as give the purchaser an investment income. Because once interest rates are now close to zero, it's also likely that they could increase as well as the owners would then lose their money. Its high return could be due to a drop in interest rates, and not only will it not be replicated, but the low or even low return will almost definitely be followed by either a rise in interest rates.

6 0
3 years ago
Points for free and maybe brainliest
denis23 [38]
Yasssssssssssssssssss
3 0
3 years ago
Read 2 more answers
An auto analyst is conducting a satisfaction survey, sampling from a list of 10,000 new car buyers. The list includes 2,500 Ford
Ghella [55]

Answer:

No

Explanation:

Simple random sampling gives each member in the entire population an equal opportunity to be included in the sample. The technique removes bias in the selection procedure. It applies where a small number would adequately represent the entire population.

The procedure described in this case is a deviation of simple random sampling. It is stratified random sampling.

In stratified random sampling, the population is first divided into subgroups based on shared characteristics. The researcher uses simple random sampling to select representatives of each group in the sample population.  The techniques ensure each group is fairly represented in the research.  

Subdividing vehicles by their make is creating strata or subgroups.

3 0
3 years ago
Sunland Companybudgeted manufacturing costs for 60000 tons of steel are: Fixed manufacturing costs $50000 per month Variable man
taurus [48]

Answer:

$710,000

Explanation:

A flexible budget is a type of budget that changes in relative to the volume of output

<u>Workings</u>

Monthly Fixed manufacturing cost - $50,000

Variable cost /Ton - $12

Production in March -55000

Variable cost of production in March - $(12*55000) = $660,000

Total manufacturing cost = Fixed cost + Variable cost

                                             $660,000 + $50,000= $710,000

<u />

6 0
3 years ago
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