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3 years ago

Questioning assumptions is useful because it allows us to

Business

2 answers:

svetlana [45]3 years ago

6 0

keep our biases from limiting our solutions.

nikklg [1K]3 years ago

5 0

Questioning assumptions (guesses) on things is useful because it allows us to rethink what we originally thought. It helps us to rethink what we guessed and to better our understanding than making assumptions on something we don’t know the real answer to. Therefore, it allows us to become better thinkers.

I hope this helps!

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Assume the market basket for the consumer price index has two products, bread and milk, with the following values in 2013 and

Gnesinka [82]

Answer:

b. 116

Explanation:

The calculation of Consumer Price Index is shown below:-

CPI = ((Base year basket quantities × current year price) ÷ (Base year basket quantities × Base year prices)) × 100

= ((50 × $1.50) + (100 × $1.10)) ÷ ((50 × $1.20) + (100 × $1.00)) × 100

= (185 ÷ 160) × 100

= 115.6

0r 116

So, for computing the consumer price index for 2018 we simply applied the above formula.

3 0

3 years ago

A cheque of Rs 4500 received from yogesh and deposited into bank. Required: Journal Entry

olga nikolaevna [1]

Answer:

See below

Explanation:

This transaction will affect the bank balance by increasing it with the check amount. The bank is cash (asset ) held in the bank. An increase in assets account is a debit. The bank A/c will be debited.

The check is received from Yogesh. Yogesh must have bought goods on credit and hence is an account receivable (asset). Since Yogesh has paid, his account decrease by the check amount. A decrease in assets is credited.

The journal entry will be

Bank A/c DR. Rs 4500

Yogesh A/c Cr. Rs 4500

3 0

2 years ago

Which of the following airlines does NOT employ a low-cost provider strategy? Airline 1 offers low prices on short-distance flig

Rainbow [258]

Answer:

Airline 2 offers low prices on long-distance flights and has long service times for its planes between flights.

Explanation:

Low Cost providing strategy is the strategy in which the services are provided at a lower cost and but the quality of service is acceptable, and is in fact good.

Where the price along with quality is decreased the low cost strategy is not followed.

As in the case of Airline 2 the cost is decreased for passengers and at the same time the service is also decreased.

As there is a long gap of time in between the flights.

3 0

3 years ago

a broker enters into a listing agreement with a seller. the seller advertises and negotiates a sale contract on the house. at cl

Aliun [14]

A listing agreement is a contract between the property proprietor and the estate broker. The listing agreement must have been an exclusive right to sell.

<h3>What is Exclusive Right-to-Sell Listing Agreement?</h3>

An Exclusive Right-to-Sell Listing Agreement is one of the types of listing agreement that is a contract signed by the broker and the owner. The broker acts as an agent that has been involved in sales.

The owner has to pay a commission to the broker even if the sales were not through the agent during the time period of the contractual agreement. The property in the time period cannot be listed with another broker.

Therefore, the listing agreement is Exclusive Right-to-Sell.

Learn more about exclusive right-to-sell, here:

brainly.com/question/14364124

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6 0

2 years ago

Expensive department stores market service and atmosphere while less expensive stores market location and perceived lower prices

melisa1 [442]

Answer: Monopolistic competition

Explanation:

Monopolistic competition is described as a competition between firms where they offer similar services but not the same or exact services. This competition is seen in industries where differentiation is possible, example of such industries are restaurant, hairdressers, clothing, TV programs.

7 0

3 years ago