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GaryK [48]
3 years ago
6

The distinction between a normal and an inferior good is A. when income​ increases, demand for a normal good increases while dem

and for an inferior good falls. B. normal goods are used together while inferior goods are used for the same purposes. C. when income​ increases, demand for a normal good decreases while demand for an inferior good increases. D. normal goods are used for the same purposes while inferior goods are used together.
Business
1 answer:
alexdok [17]3 years ago
8 0

Answer:

The correct answer is option A.

Explanation:

Normal goods have positive income elasticity, so when there is an increase in the income of the consumer, the quantity demanded of the normal goods will increase.

On the other hand, the inferior goods have a negative income elasticity. So when the income of the consumer increases the demand for inferior goods decline. This is because as income increases, the consumers will prefer normal goods.

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In 2019, the CEO of Crimson, Inc., entertains seven clients at a skybox in Memorial Stadium for a single athletic event during t
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Answer:

Crimson may not be able to deduct any of the cost incurred. In other words these expenses are inadmissible.

Explanation:

As per scenario given in the above question, Crimson Inc., may not be able to deduct any cost which is incurred related to the entertainment expenses because many changes has been made in the tax cuts and Jobs act,2017. These changes does not allowed deduction of the entertainment and business meals expenses.

In the year 2018, the entertainment expenses could not be deducted according to the tax laws applicable on the companies. Thus, the costs will not be deducted.

4 0
4 years ago
The consumer price index is __
Yanka [14]

Answer:

The consumer price index is a systematic calculation used to estimate price increases in a basket of goods and services that are indicative of consumption expenditure in the economy.

Explanation:

The Consumer Price Index refers to a metric used to determine the weighted average price of a set of consumer goods and services, such as food, transportation, and healthcare.  CPI is accountable for monitoring the change in retail prices of fundamental and everyday goods and services purchased by households across the world. Changes in the CPI are required to measure increases in the price of living. The CPI is one of the most commonly used indicators for the detection of inflation or deflation cycles.

7 0
3 years ago
What is the definition of business
tester [92]

Answer:

See below

Explanation:

Business refers to the practice of producing or purchasing goods and services for sale to make a profit. It is the act of engaging in commercial activities of buying and selling products and services for profits.

Business entails individuals and companies' activities of supplying desired products and services to customers with profit motives. A businessperson identifies a need in the community. He or she sells to the community goods or services that satisfy that need a higher price to make a profit.

7 0
3 years ago
When management seeks to achieve personal departmental objectives that may work to the detriment of the entire company, the mana
ololo11 [35]

Management seeks to achieve personal departmental objectives that may work to the detriment of the entire company goal conflict is the presence of two or more.

Branch personnel manner employees of the branch of herbal sources. pattern branch personnel means employees both hired by way of the department, or engaged through the branch on a sub-contract foundation, or retailers of the branch engaged in the activity. pattern .

Personal management or self-control competencies involve your ability to govern your emotions, mind, and moves. With this skill, you can set unbiased desires, and take action to realize them. ultimately, non-public management capabilities assist direct your career trajectory.

The employee's branch is worried about recruitment, discharge and switch, and many others., of labor. On engaging a brand new worker, the personnel workplace will make out a worker's 'file Card'. This card will show complete personal detail of the employee, details of preceding employment, salary price payable

Learn more about personal departmental here:brainly.com/question/15732640

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7 0
2 years ago
Three major transportation segments and a major company within each segment are as follows:
Irina18 [472]

Answer:

Segment Company Motor

a) The asset turnover ratios for all three companies. Round to two decimal places are:

YRC Worldwide ___4.76_____

Union Pacific ___0.46____

C.H. Robinson Worldwide __12.34____

b) Based on the Asset Turnover Ratio computed above, Transportation Arrangement is the most efficient.  It outperformed YRC Worldwide and Union Pacific Corporation in deploying assets to generate revenue.  The performance of Union Pacific Corporation in comparison is very abysmal.

Explanation:

a) Data and Calculations:

                              YRC Worldwide   Railroads Union         Transportation    

                                 Inc. (YRCW)    Pacific Corporation    Arrangement C.H.

                                                                  (UNP)

Sales                              $4,832                $21,813                      $13,470

Average long-term

operating assets             1,016                47,569                           1,092

Asset turnover = Sales/Average operating assets

=                                        4.76                  0.46                            12.34

5 0
3 years ago
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