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olasank [31]
2 years ago
6

For a long time, when a team from the American Football Conference won the Super Bowl, the stock market had a bad year; when a t

eam from the National Football Conference won the Super Bowl, the stock market had a great year. This is an illustration of:__________
a) correlation without causation.
b) reverse causality.
c) inadequate information.
d) omitted variables.
Business
1 answer:
Ulleksa [173]2 years ago
7 0

This is an illustration of correlation without causation.

Explanation:

For Example:

The inspectors who are poorly informed calculate shoe size and decipher comprehension. You note that both are linked favourably. Their report claiming smaller feet lead to better reading skills is, of course, denied. Given the connection between the two, foot size does not affect better reading abilities.

First of all, age estimation is related both to the foot size and comprehension of the reading. The another missing element is a philosophical and analytical model that can be used to explain the causal relationships from age to foot and from age to understanding through reading. Older existence is associated with both and because we have a rational conceptual model for human experiences which is in line with such an explanation, we assume it is the origin of both.

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Klassen Toy Company, Inc., assembles two parts: Part 1 is first processed at workstation A for 15 minutes per unit and then proc
Sever21 [200]

Answer:

a) Process A is the bottleneck of the process

b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour

Explanation:

Part 1 is processed at A for 15 minutes and then at B for 10 minutes.

Thus part 1 take 15 + 10 i.e. 25 minutes two complete both processes

Part 2 is processed at C for 20 minutes.

Output from B and C i.e. part 1 and 2 respectively are fed to process D where the time taken to assemble is 15 minutes

Thus looking at the given data,

Part 1 takes longer time i.e. 25 minutes to reach process C compared to part 2 i.e. 20 minutes

So bottleneck occurs at process A and B because it takes maximum time i.e. 25 minutes

a) Process A is the bottleneck of the process

b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour

4 0
3 years ago
On October 1st Joe charged $900 to his credit card, on October 10th he charged another $1,300 to his credit card, and on October
poizon [28]

Answer:

interest expense for October $ 27.25

Explanation:

       900

+  1,300 x 20/30

<u> +     100 x 15/30    </u>

1,816.67 average balance

Now we multiply this average balance by the interest rate of the credit card:

1,816.67 x 0.18/ 12 = 27.25

4 0
2 years ago
Maxim Company had the following partial listing of accounts and balances at year-end: Cash, $7,000; Accounts Receivable, $6,000;
MrRissso [65]

Answer:

B. $23,000

Explanation:

Recall that, assets are resources that an individual or an organization has which have future economic value that can be measured,

Thus,

Total current assets = Cash + account receivable + supplies + prepaid rents + inventories.

Therefore

Total current assets = 7000 + 6000 + 1000 + 4000 + 5000

= $23,000

Note: Land is not included in CURRENT asset. Land are longterm assets.

3 0
3 years ago
Read 2 more answers
Any effort by the Federal Trade Commission (FTC) to evaluate expected deceptive marketing practices would be seriously flawed be
Llana [10]

Answer:

True

Explanation:

This is true because the Federal Trade commission(FTC) analyze and investigate a seller or sellers who may be so cooperative as to make agreements that ensure large amounts of profit for them which is likely harmful and exploitative to consumers . FTC investigates business mergers which may be horizontal or vertical that are likely done for the purpose of increasing market share and fostering a sort of monopoly of the market. However, mergers and cooperation among businesses in the market do not always yield a monopoly and the FTC may be wrong(sometimes) to wave mergers that could increase the quality of goods or services in a market

7 0
2 years ago
An economy in which more effort is devoted to the production of services than to the production of goods is called the:
kirza4 [7]
The economy is the service economy
4 0
3 years ago
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