It is advisable to purchase life insurance from an insurance company that has been in business for at least ____

Which of the following is an example of a functional structure? Multiple Choice Fred owns a diner and has three employees. Borro

sweet [91]

Answer: At Mark’s Furniture, all the carpenters are in one group, and all the upholsterers are in another.

Explanation:

Functional structures refer to the grouping of company departments based on what the labor involved do for the company i.e. their functional expertise.

Mark's company is therefore using a functional structure because it groups its workforce by their functional expertise with carpenters in one group and upholsters in another.

Most companies follow this strategy which is why companies have departments such as accounting, human resources, marketing and production.

6 0

3 years ago

Calculating the price elasticity of demand: A step-by-stepguideSuppose that during the past year, the price of a laptop computer

NARA [144]

Answer:

original quantity = 468,000

Average quantity = 382,000

new quantity = 296,000

a. -45.03%

original price - $2,950

new price = $3,110

Average price = 3030

3. -172,000

$160

b. 5.28%

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price

Average quantity = (468,000 + 296,000) / 2 = 382,000

Average price = ($2,950 + $3,110) / 2 = 3030

Change in quantity = 296,000 - 468,000 = -172,000

Change in price = $3110 - $2950 = $160

percentage change in quantity demanded = (-172,000 / 382,000) x 100 = -0.4503 = -45.03%

percentage change in price = 160 / 3030 x 100 = 5.28%

Elasticity of demand = -45.03% / 5.28% = -8.53 = 8.53

8 0

3 years ago

Tom buys a shirt for $22.00 plus 7% sales tax. His cousin buys a shirt for $18.00 plus 4% sales tax.How much do Tom and his cous

astra-53 [7]

Answer:

Tom paid $23.54 while his cousin spent $18.72. Tom spent more on tax $.082 more than his cousin.

Explanation:

Tom

Cost of shirt = $22

Sales tax = 7%

Total amount paid = 22 + (7% × 22)

= 22 + 1.54

= $23.54

Tom's cousin

Cost of shirt = $18

Sales tax = 4%

Total amount paid = 18 + (4% × 18)

= 18 + 0.72

= $18.72

Tom spent more on tax as he spent $1.54 as against his cousin's $0.72.

3 0

3 years ago

You love peanut butter. You hear on the news that 50 percent of the peanut crop in the South has been wiped out by drought, and

TiliK225 [7]

Answer:

b. your demand for peanut butter increases today.

Explanation:

If the price of a commodity would increase at a later date, consumers would increase demand for the good today. Consumers would be willing to buy as much as they can at the lower price. This would shift the demand curve to the right.

6 0

4 years ago

Rachel is working on a project that technically allows three activities to be done at the same time. if they were to be implemen

tester [92]

This is an example of a people constraint. A constraint is something that holds you back from completing something. In this scenario, there aren't enough people available to complete all of the projects Rachel is wanting to have completed so there is a people restraint with regards to completing activities.

6 0

3 years ago

It is advisable to purchase life insurance from an insurance company that has been in business for at least _____ years.