Answer:Yes
Explanation:
Pooled data occur when there is a time series of different cross sections with each observations not necessarily from the same unit while Panel data is sample from the same units. The main difference between them is the "units". The units can be countries, households, schools or other things we are collating data on.
In pooled cross section, random samples from different time periods and from different units are taken e.g. we can take data on number of females and males in schools A, B and C in 2020 and schools X, Y and Z in 2023.
In pure panel data, we are using the same units e.g we can take data on genders in schools A, B and C in 2020 and collect data from the same schools in 2023. Therefore the main difference is just the units we observe.
Answer:
$250 million
Explanation:
Given that,
Cell phones:
Quantity produced = 5 million
Price per cell phone = $100
Pizza:
Quantity produced = 25 million
Price per pizza = $10
The market value of pizza is determined by the product of quantity produced and price of each pizza.
Market value of pizza:
= Quantity produced × Price per pizza
= 25 million × $10
= $250 million
Answer:
The types of information could you collect to monitor potential political “trouble spots” around the world involves having a keen observation of various countries with the following:
1. Communism or Totalitarianism style of governance
2. Low General Standard of Living
3. Few Resource level and control of resources by the few such as Oligarchy
4. High unemployment rate
5. Low Literacy status
6. High Inflation rate
7. Political instability
8. Increased population expansion rate
9. Wide-ranged income unevenness
Answer:
This statement falls under Classical Management Theory
Explanation:
In this case, managers want to help customers in making their choices easy and simple for them. Yes, its very much true that too many choices create ambiguity, it becomes very hard for the customers to choose from overload of choices, that's the reason Apple only came with one phone model, iPhone. Furthermore, managers want employees to help customers, therefore, they have linked their motivation directly with the incentives and commissions, which directly falls under the classical management theory, which says that employees have certain economic and physical needs which they have to meet and fulfill. Moreover, classical management theory also helps us in the areas of leadership, specialization of labor, profits, and decision making. Here managers want to streamline their operations as well, which is also another feature of management theory.
Answer: Rework the phones
Explanation:
The phones have already been produced so the cost price of $70 does not matter as it is a sunk cost.
The decision the company makes between scrap and reworking will depend on which option bring in more money.
Scrap = $39
Reworking:
= Price after reworking - Cost to rework
= 146 - 82
= $64
Incremental income of reworking over scrap:
= 1,075 * (64 - 39)
= $26,875
<em>Signal makes an incremental income of $26,875 if they rework the phones so they should do that. </em>
