Answer:
Total, competition and entry are restricted
Explanation:
Monopoly is a market where there is a single seller, so the seller have the power to charge high prices from the customers. It arises because one firm meet the entire market at lower average total cost than 2 or more firms.
A legal monopoly or statutory monopoly, firm is protected by the law from the competitors. So, it provides the competition as well as the entry restriction.
Happy to help!
The correct statement includes the word: management.
Public relations is best considered a management function.
I hope I have successfully assisted you. Let me know if you have any questions!
~Brooke❤️
Answer:
(D) Calling a patient to confirm an appointment.
Explanation:
Which among the following processes of a dentist's office is the most likely a back-office process?
A back office process is a process that supports the front office processes. In the service industry such as this - dental services - a back office process won't require the presence of the client.
THE ANSWER IS (D)
Calling a patient to confirm an appointment doesn't require facing the patient or having them around.
Filing a claim with the patient's dental insurance provider requires the presence of one or both of the client and his insurance officer.
Cleaning a patient's teeth requires his or her presence at the dental clinic.
Same with option C.
Answer:
$8.31 million and No.
Explanation:
In this question, we have to find out the present value which is shown below:
= $1 + first year value ÷ ( 1 + discount rate) + second year value ÷ ( 1 + discount rate) ^ number of years + third year value ÷ ( 1 + discount rate) ^ number of years
= $1 + $2 million ÷ (1 + 10%) + ($3 million ÷ 1.10)^2 + ($4 million ÷ 1.10)^3
= $1 million + $1.82 million + $2.48 million + $3.01 million
= $8.31 million
No the package would not worth $10 million as its present value is $8.31 million
