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Alecsey [184]
3 years ago
5

Suppose one rental car company raises its prices and the rival car companies leave their prices unchanged. But when another rent

al car company lowers its prices, the other companies match the price decrease.
This situation is an example of ______.
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
7 0

Answer:

This situation is an example of cross Price elasticity of Demand

Explanation:

If change in Price in Rental Company A doesn't necessitate change in prices in Rental companies B.C.D.E & F

Then the products A has on offer are not close substitutes to the rival companies

However where Rental company G lowers his price and it immediately triggers a Price reduction in Companies B to F, then obviously they offer similar products that are close substitutes and serve similar segment or channel of the Market Size. Thus failure to lower their Price will automatically see Customers rent cars more from Company G.

This situation is an example of cross Price elasticity of Demand

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The Smelting Department of Kiner Company has the following production data for November. Production: Beginning work in process 3
Anvisha [2.4K]

Answer:

(A) 18,600 units

(B) 13,821 units

Explanation:

(A) The computation of the equivalent unit for material cost is shown below:

= (Completed and transferred units × completed percentage) + (ending work in progress units × completed percentage)

= (10,500 units × 100%) + (8,100 units × 100%)

= 10,500 units + 8,100 units

= 18,600 units

(B) The computation of the equivalent unit for conversion cost is shown below:

= (Completed and transferred units × completed percentage) + (ending work in progress units × completed percentage)

= (10,500 units × 100%) + (8,100 units × 41%)

= 10,500 units + 3,321 units

= 13,821 units

6 0
3 years ago
In performance appraisal, ______ means that the use of the measure is satisfactory or appropriate to the people who must use it.
inysia [295]

Answer:

Acceptability

Explanation:

Performance appraisal is also called performance review or performance evaluation is the process by which the performance of a person is evaluated based on certain key performance indices.

When appraisals are conducted it must be acceptable to the company's employees to be successful. If employees do not trust the appraisal method then it is bound to fail.

However when employees feel an appraisal is fair they accept the feedback from the process and work to improve their performance.

5 0
3 years ago
A local university has a student population that is 55% male. 60% of students are undergraduates. 38% are both male and undergra
Mandarinka [93]

The probability that a randomly selected student is female and an undergraduate = 37%

The probability of being female or an undergraduate= 1.05

<h3>The male students</h3>

The male population = 55%

Therefore female population would be 1 - 0.55 = 45%

<u>Undergraduates</u> = 60%

The male undergraduate = 38%

Therefore female undergraduates = 60%-38%

= 22%

a. The probability that a randomly selected student is an undergraduate and female

= \frac{0.22}{0.60}

= 37%

B. The probability that the student is female or undergraduate

P(A or B)

= Probability of female = 45/100

Probability of undergraduate = 60/100

= 0.45 + 0.60

= 1.05

Read more on probability here:

brainly.com/question/25870256

4 0
2 years ago
On January 1, 2016 Dinwiddie Company purchased a car that cost $45,000. The car had an expected useful life of 6 years and a $10
disa [49]

Answer:

.B. The amount of depreciation expense recognized in 2019 would be greater if Dinwiddie depreciates the car under the straight-line method than if the double declining balance method is used

Explanation:

The double-declining method recognizes higher depreciation amounts in the first years of an asset 's life. The method applies twice the rate of the straight-line method on a declining book value balances.  In the latter years, the depreciation amount will be less because the book value will have declined considerably.

In this case, a useful life of six years attracts a straight-line depreciation rate of 16.6 % (1/6 x 100). the double-declining method will apply a rate of  33.2 %.

The straight-line method applies a constant rate throughout the use-life of an asset. The book value decreases at a constant rate, unlike in double -declining, where the book value decreases rapidly in the early years of the asset.  2019 will be the fourth year in this case. The fourth-year is in the latter stages of a six-year useful life.

3 0
3 years ago
Martha was promised a 10% raise if she wins a contract with the city government. Martha could use the money to pay off some debt
Vlad1618 [11]

Answer:

The answer is expectancy.

Explanation:

Expectancy theory is a concept developed by Victor H. Vroom in 1964, where he postulated, that the strength an individual has in terms of his or her motivation to do an action, would appear when three components are satisfied to a certain value: expectancy, instrumentality, and valence. The question above is relevant to the expectancy component, which is detailed as the belief that an individual has regarding their efforts would result in the individual choosing to perform an action. In the case of Martha, she wasn’t sure that her efforts in trying to win the contract would lead to her 10% raise (outcome, a component of instrumentality), and thus, she decided not to try.  

3 0
3 years ago
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