Answer:
it is good that all business majors study this regardless, as strategic management takes place at several/multiple levels in any organization they may find themselves
Explanation:
Even though most students may never become CEOs or branch manager or department heads of departments, it is good they study strategic management as strategic management provides directions through the development of plans on how to achieve an organizations set goals.
Several other levels in an organization may require the knowledge of strategic management. These employees in these other job roles could be asked to complete strategic plans for their various departments. Also at all levels, employees are asked to make contributions towards their organizations strategic plan. This makes it important for all business majors to study.
Answer:
The correct option is c. 78.39%.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.
The explanation to the answer is now given as follows:
In regression model, R-squared (R^2) is the statistical measure that shows the percentage of the total variation a dependent variable that is explained by an independent variable(s).
From the question, the candy bar sales is the dependent variable while the Price is the independent variable.
Therefore, the R^2 is calculated using the RSQ function in the Microsoft excel.
Note: See the attached excel file for the calculation of the R^2 using the RSQ function.
For the data in the excel, the R^2 is calculated by simply typing =RSQ(C3:C8,B3:B8) anywhere in the attached excel file. This gives 0.7839. Converting this to a percentage gives 78.39%.
Therefore, percentage of the total variation in candy bar sales explained by prices is 78.39%. The correct option is c. 78.39%.
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Answer:
a.increase spending by $100 billion.
Explanation:
For computing the effect, first we have to find out the multiplier then, the spending amount effect which is shown below:
Government spending multiplier = 1 ÷ (1 - marginal propensity to consume)
Government spending multiplier = 1 ÷ (1 - 0.90)
Government spending multiplier = 1 ÷ 0.10
So, Government spending multiplier = 10
Now the effect of spending would be
= Output level at full employment ÷ Government spending multiplier
= $1,000 billion ÷ 10
= $100 billion increase