1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lapo4ka [179]
3 years ago
11

He has $800 to spend and wants to buy either a camera or a new photo editing software. Both the camera and the software cost $80

0, so he can only buy one. This illustrates the principle that:__________.
Business
1 answer:
Arada [10]3 years ago
8 0

Answer: b. people face trade-offs.

Explanation:

Due to scarcity in the resources that we possess, i.e our resources are not infinite, we are forced to make decisions sometimes that will see us giving up something we want for another thing that we want.

This is called trade-offs and people face them all the time. This man want to wants to buy either a camera or an editor but due to the price can only buy one. He would therefore have to give up one for the other which makes this a trade-off.

You might be interested in
1.2 Which of the following is not a nominal account?
bonufazy [111]

Answer:

i can say is capital

Explanation:

8 0
3 years ago
Edwin is a consultant working for a large engineering firm. He travels to visit clients and uses his laptop and a smartphone to
pychu [463]

Answer:

Mobile user.

Explanation:

A mobile user can be defined as a person that has access to relevant software through mobile device such as laptops, tablets, or mobile phones. They also communicate using mobile devices like smart phones or laptop over the internet.

Edwin is using the mobile user method in doing his job. He uses his laptop and phone to communicate bwith clients and his office. The laptop is used to handle work through business related software he has installed.

3 0
4 years ago
Describe how organizational culture is related to project management. What type of culture promotes a strong project environment
alukav5142 [94]

Explanation:

Every company regardless of its size or area of ​​activity has an organizational culture, formally instituted or not.

Organizational culture can be defined as the company's identity, it is a system of values, procedures and behaviors that are shared by all members of an organization. A culture can be rigid or flexible, innovative or conservative, strong or weak, hostile or supportive.

Therefore, the relationship that the organizational culture has with the project management area is the impact on the behavior and form of action of the project members, the culture has a relevant impact on the identity of the professional.

The ideal type of culture to promote a strong project environment is a culture focused on innovation and the guidance and coordination of staff, with an emphasis on the group, so that there is integration, motivation and a favorable climate.

3 0
3 years ago
Complete the following sentence. Given that total revenue = price x quantity, a reduction in price will lead to an increase in t
ycow [4]
Elastic.
This is the formula for elasticity:
Elasticity = (Quantity variation/Quantity)/(Price variation/Price)
Inelastic demand is the one in which a variation in price doesn’t lead to an important variation in the quantity bought by consumers. So, in the formula, numerator is much smaller than denominator, so the fraction is lower than 1. That happens with necessary goods (typically, food).
On the contrary, elastic demand is the one in which a variation in the price leads to an important variation in the quantity bought by consumers, and that means the fraction is higher than 1. So if I sell the product at a lower price, I will sell much more product.
Considering the formula: R = P*Q, when demand is elastic, I will have much more sold quantity with just a little lower price, which leads to a higher revenue.
3 0
3 years ago
Read 2 more answers
Park Co. is considering an investment that requires immediate payment of $34,000 and provides expected cash inflows of $11,800 a
Galina-37 [17]

Answer:

NPV =  3,404.41

Explanation:

We will calculate the net present value doing:

<em>NPV =  present value of the cash flow   - investment</em>

Investment = 34,000

Now we need to discount each cash flow at the given rate.

<u>For that,</u> we will treat the cash flow as an annuity of 11,800 for 4 year at 10% rate:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 11800

time 4

rate 0.1

11800 \times \frac{1-(1+0.1)^{-4} }{0.1} = PV\\

PV $37,404.41

<em>NPV =  present value of the cash flow   - investment</em>

<em>NPV =       37,404.41 - 34,000 = 3,404.41</em>

3 0
3 years ago
Other questions:
  • A higher required reserve ratio​ _________ the value of the simple deposit multiplier.
    14·1 answer
  • A statewide alliance of independent hospitals has formed in order to do group purchasing of medical supplies. Group purchasing a
    7·1 answer
  • What is the main purpose of taxation?
    11·2 answers
  • Aldoor, a smart phone manufacturer, understands that word-of-mouth marketing is an important aspect in the success of a product.
    5·1 answer
  • Rearrange the following contributors to the growth of productivity in descending order of their quantitative importance:______.
    14·1 answer
  • According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0% social security tax and the 1.
    12·1 answer
  • E-Eyes Bank just issued some new preferred stock. The issue will pay a $9 annual dividend in perpetuity, beginning 6 years from
    12·1 answer
  • More businesses and organizations, such as Amazon, Uber, MTA, an airline industry, professional sport organizations such as MLB
    8·1 answer
  • ______ activities add value directly by transforming inputs into outputs as the firm moves a product or service horizontally alo
    11·1 answer
  • Hi I need help please!!
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!