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Nina [5.8K]
3 years ago
7

Two weeks ago Acme Electronics announced that it had developed a new chip design which was being considered by major companies f

or use in future smart phone development. At the close of trading the day before the announcement, Acme common stock closed at $20. On the day following the announcement, Acme closed at $21. Two days after the announcement the stock closed at $22.50. Four days after the announcement the stock traded at $23. Last week, Acme stock traded at $26, a level it has maintained since then. This is an example of a(n):
Business
1 answer:
astraxan [27]3 years ago
7 0

Answer: delayed reaction.

Explanation:

The scenario depicted in the question is an example of a delayed reaction. Before the announcement was made that a new chip design had been developed, Acme common stock closed at $20 but since the announcement was made, there has been an increase in the closing price of the stock .

This shows that the information flow had an effect on the price of the stock and this led to the delay in market reaction. Therefore, this is referred to as a delayed reaction.

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Mike worked for Frank's Pizza as a driver and was an agent. His duties consisted of making deliveries along a designated route.
Harrizon [31]

Answer:

B. is not liable because Mike was on a frolic of his own.

Explanation:

Mike who is a dispatch rider, decided to see his girlfriend, Jackie, who lived 50 miles off his pizza route. He had an accident while driving to his girlfriend's, and injured a pedestrian, Chuck due to his negligent driving.

Under the circumstances, Frank's Pizza isn't liable because Mike was on a frolic of his own. Mike embarking on a 50 mile drive to see his girlfriend is frolicsome and outside the scope of his employment as a delivery agent.

Hence, this will absolve his employer from any liability as he wasn't working on the designated route at the time.

8 0
3 years ago
If you are under the age of 21 and have any detectable amount of alcohol in your system while operating a motor vehicle in a pub
hodyreva [135]
<span>Driving under the influence of alcohol by a minor



</span>
7 0
3 years ago
The ________ method adjusts net income to find net cash provided by operating activities.
Vaselesa [24]

Answer:

indirect

Explanation:

The indirect method adjusts net income to find net cash provided by operating activities.

4 0
3 years ago
Which one of these statements is correct? Long-term debt is the residual difference between assets and liabilities. Net income t
sergey [27]

Answer:

Long term debt requires a payout of cash within a stated time period.

Explanation:

When entering into a long term debt, there are terms and conditions like interest to be charged and payment terms so obviously there is an expected cash payout to repay the debt at a stated time period.

3 0
3 years ago
Read 2 more answers
How would you array the following organizations in terms of the depth and breadth of their product lines?
Evgen [1.6K]

Answer:

a. The depth of a solo practice family practitioner is narrow whereas its breadth can be wide.

b. They have wide depth and breadth.

c. It has narrow depth and breadth.

d. They have narrow depth and narrow breadth.

Explanation:

Depth means number of variants of each product. Breadth means variety of different products offered.

A solo practice family practitioner has limited its practice and decided not to deliver babies. It has narrow breadth whereas depth is high as it can offer counselling service, immediate help to the patient, family planning guidance and so on.

Multi specialty group has wide depth and breadth as it offers group practice at different locations.

An academic medical center will have narrow depth and breadth as there is only medical studies available to the students and they do not have variety of subjects to choose from.

Shouldice Hospital has narrow depth and breadth as it offers only short stay surgeries. They include hernia repair and appendix. Patients with majors surgeries are not welcomed here.

5 0
3 years ago
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