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daser333 [38]
2 years ago
8

The graph above shows how the price of video games varies with the demand quantity. Suppose that the price of video games is set

at $100 and not allowed to decrease. This is an example of a _____. price floor price ceiling
Business
1 answer:
ira [324]2 years ago
6 0
Price floor.
A floor, in real life, is at the bottom, below you — this then makes sense in business to say that a ‘floor’ represents the minimum value of something — in this case the price of video games.
In real life, a ceiling is above you, indicating that it could be used as a representative of a maximum value of something, like the price of a video game.

So, if we were to say that $120 was the ‘price ceiling’ for video games, then we would basically be saying that $120 is the most a video game could cost. If we were to say that $100 was the ‘price floor’ for video games, we would be saying that $100 is the minimum value that the price of a video game could assume.
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In the Month of March, Digby received orders of 159 units at a price of $15.00 for their product Drat, and in April receives an
zhannawk [14.2K]

Answer: 0

Explanation:

Accrual accounting method simply means when revenue or expenses are written down and recorded at the time that the transaction took place and not when payment was gotten.

The revenue that is recognized on the March income statement will be 0. This is because the delivery was in April and none took place in March.

7 0
3 years ago
A(n) blank______ model is a plan that details how a company creates, delivers, and generates revenues.
Lelechka [254]

A(n) blank Business model is a plan that details how a company creates, delivers, and generates revenues.

<h3>What exactly is a business model?</h3>

An organization's conceptual framework, which includes its mission, objectives, and continuing strategies for accomplishing them, is known as a business model.

A business model is essentially a specification outlining how a company achieves its goals.

<h3>A successful business model is what?</h3>

As an illustration, Clay Christensen of Harvard Company School proposes that a business model should include four components: a customer value proposition, a profit formula, essential resources, and key procedures.

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6 0
2 years ago
The amount of xylene that can be used in household paint is legally limited to 0.03 percent. Anything beyond this amount is haza
julia-pushkina [17]

Answer: B) economic responsibilities toward its shareholders

Explanation:

The primary purpose of a company is to maximize shareholder wealth. This means that it is to pursue strategy that would ensure the maximum return to its shareholders. This is also known as its economic responsibility towards shareholders.

Producing xylene-free paints reduces the dividends that are going to shareholders so it would seem that shareholder wealth is not being maximized and they are not getting the maximum return they could get so the company is violating its economic responsibilities towards shareholders. It is for a good cause though.

3 0
2 years ago
Devon was in a plane crash and suffered quite a few injuries. For months afterward, he had nightmares about the event, and he wa
AlladinOne [14]

Answer:

The correct answer is b. ​Regressive coping.

Explanation:

Coping. This concept has been important in the field of psychology for more than 40 years. During the years 1940 and 1950 it meant an organizational concept in the description and clinical evaluation and, at present, it constitutes the center of a whole series of psychotherapies and educational programs that aim to develop adaptive resources. The issue of coping has also received a lot of attention in the media, as can be seen by flipping through the index of any magazine, book sales lists or programming guides. Actually, the word coping is both a colloquial and scientific term. Despite its prolific history and its current popularity, there is still a lack of coherence regarding theories, research and understanding of the subject. Even the most superficial review of what is written by both scholars and laymen, already reveals confusion regarding the meaning of coping and its role in the adaptation process.

7 0
2 years ago
List essential preparations when communicating to inform, to persuade, and<br>to argue​
ExtremeBDS [4]

<u>Explanation:</u>

Some of the essential preparations when communicating to inform, persuade, and argue includes;

  • Determine what you know about the subject.
  • Be mindful of what your audience already know about the subject and avoiding stating mainly what they know already; so they will be more interested in what you have to say.
  • Use appropriate language and terms  that your audience can easily understand.
  • Make references to respectable outside sources that back your claim.
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3 0
3 years ago
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