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umka21 [38]
3 years ago
14

Eric is admitted to a hospital to undergo a surgery for hernia. he is unable to discern the expertise of his surgeon before the

surgery nor evaluate the quality of the service after the surgery. in this case, the expertise of eric's surgeon is an example of a(n) _____.
Business
2 answers:
Margaret [11]3 years ago
6 0

The answer to the blank space is credence attribute. Credence attribute refers to how a good or service cannot be evaluated by consumers even after using it – even though the consumers feels the perceived value.

In the example of the question, Eric clearly doesn’t quite understand the expertise of the surgeon and is unable to evaluate it but nevertheless he benefits from it through his hernia surgery.

zysi [14]3 years ago
5 0

Answer:

Credence attribute

Explanation:

Credence attribute refers to situations in which a customer cannot personally evaluate the quality or expertise of a particular person who provides a good or service prior to obtaining it. This means that a person cannot see with his own eyes, before purchase or consumption, whether a person is adequate for the job that he is required to do or the good he is required to produce. Therefore, the customer has to believe in his reputation or his claims of expertise. This is the case with Eric, who is unable to discern whether his surgeon is good or not at what he does.

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Malholtra Inc. is considering a project that has the following cash flow and WACC data.
Blababa [14]

Answer:

The correct option is B,15.65%

Explanation:

Modified Internal Rate of Return(MIRR) can be determined by using the excel MIRR function,whose formula is given below:

=MIRR(values,finance rate,reinvestment rate)

The values are the cash inflows and the initial capital outlay of $850

the finance rate is the same as the reinvestment of 10% which is the rate of return that would make the investment present values of cash inflows equal the initial investment

MIRR=15.65% as found in the attached.

Download xlsx
3 0
3 years ago
A company wants to determine its reorder point (R). Demand is variable and they want to build a safety stock into R. The company
victus00 [196]

Answer: 27.28 units

Explanation:

From the question, we are told that a company wants to determine its reorder point (R) and that demand is variable and they want to build a safety stock into R. We have also been given the information that the company wants to have a service level of 95 percent and that average daily demand is 8, lead time is 3 days and the standard deviation of demand during lead time is 2.

It should be noted that a service level of 95% will have a desired z score of 1.64. To get the desired value of R, we multiply the average daily demand by the number of the days in lead time and then add to the multiplication between the standard deviation during the lead time and the desired z score. Mathematically, this will be expressed as:

= (8 × 3) + (2 × 1.64)

= 24 + 3.28

= 27.28

Therefore, the desired value of R = 27.28 units

8 0
3 years ago
Which of the following is true about goods and services?
Angelina_Jolie [31]
U need to provide the options we can pick from please
3 0
2 years ago
insider trading laws prevent employees from buying or selling the securities of their employers. true or false
Pani-rosa [81]

Answer:

The statement is: False.

Explanation:

While often associated with illegal activity, insider trading encompasses both illegal and legal trading of securities and is monitored by the <em>Securities and Exchange Commission </em>(SEC). Illegal insider trading occurs when a person uses material, non-public information to decide between buying or selling a security.  

Legal insider trading takes place when corporate insiders, officers, directors, and employees trade securities issued by their own company. When a corporate insider buys or sells his company's securities, this trading activity must be reported to the SEC, which then discloses this information to the public.

4 0
3 years ago
What is the uses of trading, profit and lost account​
Len [333]
The profit and loss account is used to determine the net profit of the business. The starting point for the profit and loss account is the balance carries down from the trading account which is the gross profit of business. Hope this helped you out...
4 0
3 years ago
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