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Diano4ka-milaya [45]
3 years ago
6

The following table contains statements that provide some analysis of policies that address smoking, lung cancer, and cigarette

taxes.Categorize each of these statements as either positive or normative.Statement Positive Normative1.Lung cancer kills millions of people each year. 2.Too many people smoke. 3.If the government were to increase taxes on cigarettes, fewer people would smoke. 4.The government should increase taxes on cigarettes.
Business
1 answer:
liubo4ka [24]3 years ago
5 0

Answer:

Positive Statements: 1st & 2nd ; Normative Statements: 3rd & 4th

Explanation:

Positive Economics is <u>objective</u> & <u>facts</u> based <u>actual</u> economic issue description , explaining verifiable phenomenas (causal relationships).

Normative Economics is <u>subjective</u> & opinion based conclusive <u>solutions</u> to economic issues, including '<u>ought to be</u>' unverifiable suggestions.

1. Lung cancer kills millions of people each year: reflects actual objective verifiable fact about an economic (health) issue.

2. Too many people smoke: denotes another actual objective variable fact connected to (potential cause of) the above economic (health) issue.

So , these two are Positive Statements.

3. If the government were to increase taxes on cigarettes, fewer people would smoke : Is subjective opinion based probable solution to the above economic (health) issue.

4. The government should increase taxes on cigarettes : Is an 'ought to' suggestion for an economic participant (govt) to solve the above economic (health) issue.

So , these two are Normative Statements

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Answer: d. All of these are candidates for depth interviews.

Explanation:

Depth interview is a research technique which is qualitative and involves conducting individual interviews which are very intense with the respondents in order to have their idea regarding certain topics or issues.

Candidates for depth interviews could include current customers, members of the target market and the executives and managers of the company. Therefore, all of these are candidates for depth interviews.

8 0
3 years ago
United Technologies is a good example of a​ ________ strategy because it uses individual or separate family brand​ names, includ
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Answer:

e. house of brands

Explanation:

House of brands is when a company has many brands. Each one is independent, with its own target audience. They each communicate a unique brand value to customers.

United Technologies has adopted this strategy by developing various brands: Otis Elevators, Carrier Heaters and Air-conditioners, Sundstrand Aerospace, and Sikorsky Helicopters.

8 0
3 years ago
McKinney Corporation had beginning retained earnings of $2,242,000 and ending retained earnings of $2,499,000. During the year t
miv72 [106K]

Answer:

Net income for the year = $257,000

Explanation:

Retained earnings for the year= Net income - dividends paid.

Since no dividends were paid, retained earnings for the year = net income for the year. At the end of each accounting period, retained earnings are reported on the balance sheet, and the retained profits for the year are added to the beginning balance of retained earnings, to give a cumulative ending balance of  $2,499,000.

therefore retained earnings for the year = ending retained earnings balance  - beginning retained earnings balance = $2,499,000.-$2,242,000= $257,000.

Net income for the year is  thus =  $257,000 since no dividends were paid.

6 0
3 years ago
Recently, beagle boutique was attempting to hire a middle manager. they were looking for an intelligent, active, and creative in
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Recently, beagle boutique was attempting to hire a middle manager. they were looking for an intelligent, active, and creative individual. Beagle used the trait approach. This is further explained below.

<h3>What is the trait approach?</h3>

Generally, An individual's attributes are used as indicators of their personality in a trait-based approach.

In conclusion, Beagle Boutique recently tried to find a middle manager. They were seeking someone who was energetic, clever, and creative. Beagle used the trait approach

Read more about The trait approach

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1 year ago
lucy invests $800 in an account that earns 6.12% annual interest compounded continuously. juan invests $1600 in an account that
Len [333]

Answer:

Both their investments will reach a similar value in 32 years, 9 months and 8 days. Both accounts will have exactly $5,606.

Explanation:

Original investment:              $800 at 6.12%                    $1,600 at 3.9%          

future value 10 years                     $1,449                                $2,346

future value 20 years                   $2,624                                $3,439

future value 30 years                   $4,753                                $5,042

future value 31 years                    $5,044                                $5,238

future value 32 years                   $5,353                                $5,442

future value 33 years                   $5,681                                 $5,655

It will take over 32 years for both investments to match their amounts.

to determine the approximate month we start with the future value in 32 years:

                                                         $5,353                          $5,442

future value in 6 months                 $5,517                           $5,548

future value in 9 months                $5,599                           $5,601

future value in 9 months                                                                          

and 5 days                                      $5,603                           $5,604

future value in 9 months                                                                          

and 8 days                                      <u>$5,606</u>                           <u>$5,606</u>

7 0
3 years ago
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