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Effectus [21]
3 years ago
11

Not all goods are normal goods. If the demand for a good rises when income falls, the good is called an ________ ________. An ex

ample of this kind of good might be bus rides. As your income falls, you are less likely to buy a car or take a cab and more likely to ride a bus.
Business
1 answer:
oksano4ka [1.4K]3 years ago
7 0

Answer:

Inferior good

Explanation:

An inferior good is a good for which demand rises when income falls and demand falls when income rises.

on the other hand,  Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

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in the course of creating an effective business message, excellent business thinkers are most likely to quizlet
Dmitry_Shevchenko [17]

In the course of creating an effective business message, excellent business thinkers are most likely to: identify and articulate key questions and problems.

<h3>What is a business strategy?</h3>

A business strategy can be defined as a set of guiding principles, actions, policies, and decisions that a business organization strategically combines, so as to successfully achieve its goals, objectives, attract potential customers and possess a competitive advantage over its rivals in the industry.

<h3>The types of business strategy.</h3>

Generally, there are four (4) main types of business strategy and these include the following:

  1. Organizational (Corporate) strategy.
  2. Business (Competitive) strategy.
  3. Functional strategy.
  4. Operating strategy.

In Business management, it is very important for excellent business thinkers to identify and articulate key business questions and problems that have the potential of affecting a business.

Read more on business strategy here: brainly.com/question/17130109

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Complete Question:

In the course of creating an effective business message, excellent business thinkers are most likely to Multiple Choice

begin jotting down a rough draft right away to capture their ideas.

encourage one-way linear thinking and a rigid approach to business problems.

avoid using the other-oriented tone in their text.

identify and articulate key questions and problems.

make well-reasoned conclusions and solutions

6 0
1 year ago
If a manager designs the organizational hierarchy based on the characteristics of the organizational environment, he is acting i
Grace [21]

If a manager designs the organizational hierarchy based on the characteristics of the organizational environment, he is acting in accordance with <u>contingency </u>theory.

<h3>What is organizational hierarchy?</h3>

Organizational hierarchy can be defined as the hierarchy that display the rank or  position of an employees from the top level management to lower level management.

On the other hand Contingency theory is a theory that stated that  an organizational hierarchy can arranged based on the features of an organizational environment.

Therefore the manager is acting in accordance with <u>contingency </u>theory.

Learn more about Organizational hierarchy here:brainly.com/question/28169873

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5 0
1 year ago
in 2018, a company employee received an option to purchase the company's stock at $45 per share. if the stock is trading at $40
erma4kov [3.2K]

Based on the stock's price in 2020, the employee will most likely not bother to exercise the options.

<h3>When are options exercised?</h3>

Options are exercised by employees or other parties when the market price of the underlying stock is more than the price that the option can be redeemed at because this would lead to profit.

The underlying stock here is trading at $40 which is less than the price of redeeming the option so the employee will not exercise the options.

Find out more on exercising options at brainly.com/question/25750529

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7 0
1 year ago
The following information relates to a product produced by Faulkland Company:
kvv77 [185]

Answer:

$305,000 increased

Explanation:

As the total unit cost is given i.e $23

And, the customer has offered to buy 61,000 units at $22 each

In the case of special order, the effect on operating profits is

= Difference of cost × number of units to be offered for buying

= $5 × 61,000 units

= $305,000 increased

The difference is

= Buying price offered - direct material per unit - direct labor per unit - variable overhead per unit

= $22 - $8 - $5 -$4

= $5

The selling cost is not included. Hence, ignored it

4 0
3 years ago
Ebay, Inc. went public in September of 1998. The following information on shares outstanding was listed in the final prospectus
aniked [119]

Answer:

Net proceeds to Ebay = $ 58,590,000.

Explanation:

An Initial Public Offering(IPO) refers to the sales of new block of shares to the general public by a company for the purpose of raising equity capital.

This exercise is always promoted by a third-party company referred to as an underwriter for a fee. The underwriter adds value to the capital raising share offering by contracting to buy up unsold share units should they be undersubscribed. The underwriting fee is a cost to the issuing company.

The net share capital due to the company is computed as follows

<em>Gross share proceeds - underwriting fee</em>

= (3,500,000 × $18.00) - (3,500,000× $1.26)

=$ 58,590,000.

Net proceeds to Ebay = $ 58,590,000.

The closing price of $44.88 is a distracter and should be ignored.

7 0
2 years ago
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