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damaskus [11]
3 years ago
14

The substitution bias in the consumer price index refers to the idea that consumers​ ______ the quantity of products they buy in

response to​ price, and the CPI does not reflect this and​ ________ the cost of the market basket.
Business
1 answer:
dsp733 years ago
7 0

Answer:

change; over-estimates

Explanation:

Substitution bias refers to a tendency in which economic index numbers don't include information about the changes in consumer spending when they switch expensive products for cheaper ones or buy less units as prices change. This changes are not reflected in the market basket from which the CPI is built which can cause inflation rates to be over-estimated.

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The U.S. corporation Fun Toys, Inc. sets up a firm in China. The parent company remains in the United States and retains complet
rosijanka [135]

Answer:

(A) A wholly owned Subsidiary

Explanation:

A wholly owned subsidiary is a company that is completely owned by another company called the Parent/Holding Company. The parent company will hold all (100%) of the subsidiary's common stock.

A wholly owned subsidiary allows the parent company to diversify, manage, and possibly reduce its risk.

Some of the disadvantages of a wholly owned subsidiary include the possibility of multiple taxation, lack of business focus, and conflicting interest between subsidiaries and the parent company if not properly managed.

7 0
3 years ago
Assume the perpetual inventory; system is used unless stated otherwise. Round all numbers to the nearest whole dollar unless sta
Bingel [31]

Answer: Check attachment

Explanation:

In the attachment, note that:

On July 14:

Account payable was calculated as:

= $4400 - $300

= $4100

Merchandise Inventory = $4100 × 2%

= $4100 × 2/100

= $4100 × 0.02

= $82

Cash = $4100 - $82 = $4018.

Check attachment for further explanation.

7 0
3 years ago
A _____ is the vision of the business an entrepreneur wants to start or how to improve an existing business.
Dmitry_Shevchenko [17]

Answer:

Business plan

Explanation:

8 0
3 years ago
Two of the different data categories for an HRIS database are: Group of answer choices information about people and information
MrRa [10]

Answer:

information about people and information about the organization.

Explanation:

A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.

A data dictionary can be defined as a centralized collection of information on a specific data such as attributes, names, fields and definitions that are being used in a computer database system.

In a data dictionary, data elements are combined into records, which are meaningful combinations of data elements that are included in data flows or retained in data stores.

This ultimately implies that, a data dictionary found in a computer database system typically contains the records about all the data elements (objects) such as data relationships with other elements, ownership, type, size, primary keys etc. This records are stored and communicated to other data when required or needed.

Human Resources Information System (HRIS) is simply used to gather or collect data (informations) about the employee working in an organization.

Hence, two of the different data categories for an HRIS database are information about people (employees) and information about the organization.

5 0
3 years ago
Davenport Inc. offers a new employee a single-sum signing bonus at the date of employment. Alternatively, the employee can recei
Alex

The single sum at the employment date would make her indifferent between the two options is: $72,867.

<h3>Single sum at the employment date</h3>

Using this formula

Single sum=Amount- received+ Present value

Let plug in the formula

Single sum=$30,000+($50,000/(1+0.08)²

Single sum=$30,000+($50,000/(1.08)²)

Single sum=$30,000+($50,000/1.1664)

Single sum=$30,000+42,867

Single sum= $72,867

Inconclusion The single sum at the employment date would make her indifferent between the two options is: $72,867.

Learn more about single sum here:brainly.com/question/24576997

8 0
2 years ago
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