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2 years ago

Denmark is a good example of a nation-state because:.

Business

1 answer:

inna [77]2 years ago

8 0

Denmark is a good example of a nation-state because nearly all Danes speak D.anish and live in Denmark.

<h3>What is nation-state?</h3>

Basically, a nation-state refers to sovereignty or state that is ruled in the name of a community of citizens that identify themselves as a nation.

Generally, the main component of a nation-state is presence of only one culture and language.

Therefore, the Option A is correct.

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Assuming a binding price floor, the more inelastic the supply and the demand curves are, the:1'smaller the shortage a price floo

KATRIN_1 [288]

Answer:

Option "3" is the correct answer.

Explanation:

Inelastic demand curve depict when there's no evident increase in demand due to an increase in price.

3 0

3 years ago

Read 2 more answers

A monopolistically competitive market A. is imperfectly competitive, and all imperfectly competitive markets are monopolisticall

Gala2k [10]

Answer:

D. is imperfectly competitive, but not all imperfectly competitive markets are monopolistically competitive.

Explanation:

Monopolistic competition may be seen as a variety of competition that determine the characteristics of variety of industries that are familiar to consumers in their day-to-day lives. For instance, restaurants, hair salons, clothing, and consumer electronics are all monopolistic competitive market but not all imperfectly competitive markets are monopolistically competitive.

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3 years ago

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Top management at Prinze Auto Sales has decided to replace their traditional marketing approach with an approach that emphasizes

Citrus2011 [14]

Answer:

2. False

Explanation:

Relationship management is considered an important part of CRM (customer relationship management) and it emphasizes on building and increasing customer loyalty and long term commitment.

If this company was to replace their traditional marketing approach with relationship marketing, they would devote more time to build a solid relationship with existing customers and less time searching for new customers.

5 0

3 years ago

The diameter of bearingsis known to have a mean of 35 mm with a standard deviation of 0.5 mm. A random sample of 36 bearings is

timama [110]

Answer:

Explanation:

given,

Mean,μ= 35mm

Standard Deviation,σ = 0.5mm

Sample size, n = 36

Sample Standard deviation = $\dfrac{\sigma}{\sqrt{n}}$

= $\dfrac{0.5}{6}$

= 0.0833

The interested diameter is between 34.95 to 35.18 mm

Calculating the Z score of the for the diameter mentioned.

$P(\dfrac{x_1-\mu}{\sigma})$

$P(\dfrac{34.95-35}{0.0833})$

$-0.6< Z < 2.16$

now, Form Z-table

$P(Z$

Subtracting the value

= 0.9846 - 0.2741

= 0.71

Hence, the required probability is that the diameter of bearing is in between 34.95 and 35.18 mm is equal to 0.71.

6 0

2 years ago

In March 2021, the Phillips Tool Company signed two purchase commitments. The first commitment requires Phillips to purchase inv

xeze [42]

Answer:

Journal entries

Date Account title and explanation PR. No. Debit ($) Credit ($)

June 15,2021 Purchases $85,500

Loss on purchase commitment $15,000

Cash $100,000

(To record the payment for the loss on

purchase commitment)

June 30,2021 Estimated loss on purchase

commitment $10,600

Estimated liability on purchase

commitment $10,600

(To record the loss on purchase commitment)

Aug 30,2021 Purchases $120,500

Loss on purchase commitment $19,900

Estimated liability on purchase

commitment $10,600

Cash $151,000

(To record the payment for the loss on purchase commitment)

Explanation:

For June 15, Loss on purchase commitment = Signed value of inventory - Market value of inventory = $100,000 - $85,500 = $14,500

For June 30, Loss on purchase commitment = Signed value of inventory - Market value of inventory = $151,000 - $140,400 = $10,600

For Aug 30, Loss on purchase commitment = Market price of inventory at June 30 - Market value of inventory at August 30 = $140,400 - $120,500 = $19,900

4 0

3 years ago