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Crank
3 years ago
15

Florida schools offered cash bonuses to students who scored high on the state's standardized exams. The cash bonuses are an exam

ple of this economic principle:
a.People usually take advantage of opportunities to make themselves better off.b.There are gains from trade.c.The real cost of something is what you must give up to get it.d.Resources are scarce.
Business
1 answer:
gtnhenbr [62]3 years ago
6 0

The cash bonuses are an example of this economic principle of People usually take advantage of opportunities to make themselves better off.

Explanation:

A cash bonus applies to a large amount of money offered to an individual for good performance either periodically or daily. An employee, division or the whole organisation, depending upon the extent at which performance goals were achieved may earn a cash bonus for higher than expected achievements.

Let's take the example of Company ABC. The company has a 15-person sales team. Each team member has to add 10 accounts each. At the end of every year, the company can give every employee a cash bonus of $1,500 in order to meet their objectives.

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The marketing researcher for a game company is conducting an experiment to test customer reaction to the pricing of a new game d
SSSSS [86.1K]

Answer:

The correct option is D) The design of the study suffers from selection bias.

Explanation:

In research, Selection Bias occurs when the researcher decides who the respondents are or those who are being evaluated or studied.

Every research ought to be designed in such a way that the respondents are selected at random.

In the information provided, the respondents were selected from a group of people who on a balance of probability were already inclined to decline because it was a list of dissatisfied customers. The chances of them declining to respond or responding with a negative were higher than the chances of them indicating that they would buy and this defeats the purpose of the research. The research ought to have also included a sample of respondents who didn't have the product, who had enjoyed the services of the company and were content, those who didn't even know what the product did until they got the survey.

That way holistic information can be obtained from the research about how different sets of people will react and not just those who are already dissatisfied with the company's product(s).

Some of the ways to avoid selection bias in research are:

  • To employ the use of random techniques selecting sample sets from populations.
  • To check that the traits or characteristics of the larger population are well represented in the samples selected

Cheers

4 0
3 years ago
The average rate of growth for slow-growth countries is around 2% per year, and for fast-growth, greater than 5% per year.Suppos
Alexxandr [17]

Answer:

It would take exactly 37 years

Explanation:

If we suppose that the economy starts at 10,000 billion dollars in 2020, the economy would only double by the year 2057, reaching a value of 20,399 billion dollars.

If we substract 2020 from 2057, we obtain 37, which is the number of years it took for this economy to double growing at a rate of 2% per year.

8 0
3 years ago
How does free enterprise economy's freedom of producers provide benefits for individual consumers?
DanielleElmas [232]
Free enterprise economy's freedom of producers provide these five benefits for individual consumers:
1. Private Property<span>Any individual has the right to own a private property for business and on business purposes.
2. Voluntary exchange
The government can own the land without the permission of the owner.
</span>3. Public Property<span>
</span>Any property that is government owned. 4. Choice5. Voluntary expense
6 0
3 years ago
Revenues are recognized when ______, even when the cash is collected in a different accounting period than the obligation to the
Elanso [62]

The condition for which revenues are recognized even when the cash is collected in a different accounting period is;

  • Services are provided even if cash has not yet been collected, in cases of accrual basis accounting

<h3>Revenue recognition</h3>

Two major forms of revenue recognition exist;

  • When Cash is collected from customers. This is the case when the organisation uses cash basis accounting
  • When services are provided even if cash has not yet been collected. This is the case when the organisation used accrual basis accounting

Read more on revenue recognition;

brainly.com/question/26274038

6 0
2 years ago
A roofing company would like to implement a new method for giving estimates. The owner has narrowed his choice to three differen
galben [10]

The estimators are the blocks in this study

Explanation:

An estimator is a law in statistics for estimating a calculation based on observed figures for a given amount, thereby differentiating the definition, the quantity of value and its consequence. There are estimators for point and time.

To order to measure the time, energy, equipment and function necessary to produce a commodity, constructing a building or provide a service, cost estimators must gather and analyse data. They typically work on a particular company or industry.

It can either be finite-dimensional (parametric and semi-parametric) or infinite-sized (semi-parametric / non-parametric).

3 0
3 years ago
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