The answer is option "a", Business analytics uses "data mining tools" to support decision-making activities.<span>
</span> Business analytics (BA) alludes to the skills, advancements, technologies and practices for ceaseless iterative investigation and examination of past business execution to pick up knowledge and drive business planning.
Business analytics concentrates on growing new bits of knowledge and comprehension of business execution in view of information and measurable techniques. Conversely, business knowledge generally concentrates on utilizing a steady arrangement of measurements to both measure past execution and guide business arranging, which is likewise in view of information and statistical strategies.
Answer: Broker
Explanation: An insurance broker is a person or group of persons who have the legal authority to trade or manage insurance policy of his or her clients. A broker advices the policy holder on necessary actions to take.
Under the California code insurance brokers are not permitted for life and health insurance policy.
An insurance broker is acting as a third party to his or her clients.
The answer is marginal revenue (MR) curve above $22.
Explanation:
Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.
Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.
Economic profit = account profit = Opportunity profit
Opportunity cost are extra costs or benefitslost from choosing one activity or investment over another one.
Households are the owners of the factors of productions, while firms determine what amounts of those factors to hire.