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3 years ago

Which is an example of something that is inelastic?

1 answer:

5 0

-Inelastic means that the consumers will still purchase the product at the same rate despite price changes.
-The answer would be cancer medication, because the consumer would still need to buy this regardless of price. Even if it puts them in a financial bind.
-When having your on a car or watch, if the price of that item increases, you could be less likely to buy it.
-When picking out a hamburger at a restaurant, the customer is most likely to by a cheaper burger if they are on a budget.

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Questions for the Opening Vignette Why is it important for IRS and for U.S. state governments to use data warehousing and busine

podryga [215]

Answer:

I have typed each answer under it's corresponding question for easier understanding.

Explanation:

1. Why is it important for IRS and for U.S. state governments to use data warehousing and business intelligence (BI) tools in managing state revenues?

using Bi tools allows for better analysis and this woiuld make understanding and governance to be easier for the government. revenues can be very complex and difficut to understand but business intelligence tools can make it easier.

2. What were the challenges the state of Maryland was facing with regard to tax fraud?

the state of maryland was having issues with tax fraud due to fraudulent returns and they were having problems detecting and investigating this because of how time consuming the process was.

3. What was the solution they adopted?

As a solution the state used a data warehouse from teradata. this gave them the opportunity to be able to identify and trace data that showed patterns of fraudulent returns. priority was made to go after refund fraud.

4. Do you agree with their approach? Why?

yes i agree with their approach. the reason is because the use of this tools in tracing tax fraud was an efficient way of tracing the problem and through the results appropriateways on how to combat the problem would be adopted.

5. What were the results that they obtained? Did the investment in BI and data warehousing pay off?

through the use of these tools the state was able to recover about 7 million dollars. therefore the investment paid off.

6. What other problems and challenges do you think federal and state governments are having that can benefit from BI and data warehousing?

some other problems that the government is having which can benefit from these tools are

a. voter fraud

b. medical usage

c. other forms of tax issues.

5 0

3 years ago

The final step in recognizing the completion of production requires a company to?

Maru [420]

'The final step in recognizing the completion of production requires a company to debit Finished-Goods Inventory and credit Work-in-Process Inventory.

Production is the process of making or producing goods or products from raw materials or parts. In other words, production takes inputs and uses them to create outputs suitable for consumption, i.e. goods or products of value to the end-user or customer.

Production is the process of making, harvesting, or creating something, or the quantity of something manufactured or harvested. An example of production is the manufacture of furniture. An example of production is harvesting corn for food. An example of production is corn production.

The economist classifies the factors of production into his four categories: land, labor, capital and entrepreneurship. The first element of production is land, which includes all natural resources used to produce goods and services.

Learn more about production brainly.com/question/16755022

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4 0

1 year ago

What is annual income?

DIA [1.3K]

Is the total value income earned in a year exactly

4 0

3 years ago

Read 2 more answers

The B-52 is an aircraft used by the U.S. military in armed conflict. Based on this information, what kind of good is a B-52 airc

ycow [4]

B. because it is only used by the military and not the public

5 0

3 years ago

: Jane and Sarah are both investors. Jane has invested thousands of dollars into one small company. Sarah has invested hundreds

Alja [10]

Answer:

Sarah has invested in sole proprietorship while Jane has invested in corporations

Explanation:

Sole proprietorship is owned and run by a single owner who is legally obligated for all business assets and liabilities. Since Sarah has invested thousands of dollars in one company, it looks like she has invested in sole proprietorship in which she is the owner.

Corporation is run by group of people who are not legally obligated for the assets and liabilities of the corporation. People can invest in more than one corporation as they are open for public offer. These investors earn dividends based on the earnings earned by the corporations So, possibly Jane has invested hundreds of dollars in different large companies.

7 0

3 years ago