Answer:
The statement is: False.
Explanation:
There are four (4) types of economic utility: <em>form, time, place, </em>and <em>possession</em>. Form refers to how well a product accomplishes the satisfaction of a customer's needs which is not necessarily Pete's case. As he has access to the vending machine in his office building it will be fulfilling the place utility because it implies making products available where potential consumers might be.
The answer is: Sabbatical
Sabbatical refers to a paid leave given to employees in order to study or travel. The term sabbatical is taken from the bible (where God rest on the seventh day after working for six days). Because of this, some companies only granted a sabbatical only if they already dedicated their life for the company for 7 years.
Answer:
A. The value of the preferred stock is $77.78 per share
Answer:
10.4%
Explanation:
In macroeconomics class we are told that if an economy grows by 10%, it will take them 7 years to double its size.
The answer is not exactly 10%, but it's pretty close:
(1 + x%)⁷ = 2
1 + x% = ⁷√2
1 + x% = 1.104
x% = 1.104 -1 = 0.104 or 10.4%
We can check the answer: 1.104⁷ = 2
Answer:
the correct answer is "opportunity cost".
the opportunity cost here means the cost of the next best opportunity lost because of spending time at work, this could be 8 hours, 10 hours at work, etc.
the underline point here is that when someone works for, lets say, 8 hours, he or she could have done something else that they enjoy and brings value to them and their family.
but since they are working, they can not engage in that activity. because of this, we call it the opportunity cost! simple right?
Explanation: