The trial balance would disagree. It seems that the cash should be credited instead as the situation seems to me that the cash is being expended to pay for the equipment, and the remaining 3500 is liabilities. Therefore, the error should be corrected.
Answer: D) A system to generate and validate actionable customer and market insights
Explanation: Marketing information system (MKIS) is the model that is created for the management and supporting the decision of the marketing field .It is type of management information system(MIS).
The working performed by the this system is collecting , storing, validating, analyzing and distribution of the marketing data and customer records.
Other option are incorrect because it is not a customer relationship management (CRM)system and competitive marketing intelligence model.It work on market insights and not on customer perceptions and it is not used with big data.Thus, the correct option is option (D).
Answer:
B. Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and its market price.
Explanation:
As we know that the consumer surplus shows a difference between the maximum price willing to pay for a good or for rendering the service and the market price
In mathematically,
The consumer surplus = Willing to pay - Market price
Therefore, the correct statement is option B as the rest of the statements are wrong.
Answer:
a. lower than $0.50
Explanation:
As there is economies of scale, the cost per unit will decrease as the output increase. Because the cost for 1,000 units already is 0.50 per unit at a higher level of output 1,500 in this case; the cost per unit is forced to be lower to make the statement of economy of scale true.
Experiment A as in A you have a one in 6 chance of getting 30 whereas in experiment B you have a 1 in 30 chance of getting 30
