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Levart [38]
2 years ago
5

"Many service companies collect data via a follow-up survey of their customers. Suppose, in order to ascertain customer sentimen

t, a certain air line sends an email to customers immediately following a flight. The following question is asked, among others. How likely are you to recommend this air line to others?"
Business
1 answer:
Sergeu [11.5K]2 years ago
5 0

Answer: Categorical; Ordinal

Explanation:

The data that are collected by the airline in this case is referred to as categorical.

The categorical variables are simply referred to as categorical variables because they can be segregated into groups. Also, the measurement of scale that is used is the ordinal scale.

Ordinal data is a kind of categorical data with a set order or scale to it.

Comment

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With good internal​ controls, the person who handles cash can also
Nitella [24]

Answer: None of the above.

Explanation:

The correct answer will be "None of the above." The person who handles cash cannot issue credits to customers on sales returns. This could be because their job function does not include this process.

The person also may not account for cash receipts to customers. They can also not account for cash purposes. This could also be because these processes are not included in the persons job function or duties.

Each job function has a clear set of duties that one can perform. Each business has different jobs for people and this particular one does not allow for the person handling cash to do anything else.

3 0
3 years ago
Define economic profit. Explain how economic profit is different than accounting profit. Why is it important for economists to m
saul85 [17]

Answer:

a. Economic profit is the excess of revenue over both opportunity (implicit) and explicit costs.  Explicit costs are the cost of all inputs used.

b. The difference between economic profit and accounting profit is that in calculating economic profit, both the explicit costs and the implicit or opportunity costs are deducted from the revenue.  Whereas, in computing the accounting profit, only the explicit costs are deducted from the revenue.

c. Economists measure economic profit rather than accounting profit because economists believe that the real cost of an output includes the economic or opportunity cost (potential benefits lost as a result of the course of action chosen).

Explanation:

Opportunity cost is the implicit cost incurred, which is equal to the potential benefits lost by an individual or a business, when an alternative is chosen instead of the other alternative.  It is an important concept in the computation of economic profit.  The concept ensures that both implicit and explicit costs are considered when determining the profits generated by a business.

3 0
3 years ago
Enterprise application vendors have created ________ to make their own customer relationship management, supply chain management
adoni [48]

Answer:

E-business suites

Explanation:

E-business suites also known as the Apps or the Application which comprise of the ERP (Enterprise resource planning), SCM (Supply-chain management) and the CRM (Customer relationship management) which are either acquired by the Oracle.

So, the vendors of the enterprise application establish a e-business suites in order to make their own relationship with the customer relationship and the supply chain management.

5 0
3 years ago
You run a school in Florida. Fixed monthly cost is $5,835.00 for rent and utilities, $5,906.00 is spent in salaries and $1,061.0
olga55 [171]

Answer: 1.621

Explanation:

The old charge per student was $678 per month

The new charge is $1,099.

The percent of the new charge compared to the old according to the question methodology is:

= New charge per student / old charge per student

= 1,099/678

= 1.621

3 0
3 years ago
Debt Management Ratios You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), bot
Scrat [10]

Answer:

Please see attachment

Explanation:

Please see attachment

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2 years ago
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