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Troyanec [42]
3 years ago
5

You sell t-shirts in the street corner in order to support some of your tuition costs. Around the middle of the semester, your f

riend Carlos gives you the following advice: "if you increase the price of each t-shirt you sell you will be able to make a lot more money selling your t-shirts". For Carlos to be right, the price elasticity of t-shirts must be price:
a) constant
b) elastic
c) unitary
d) inelastic
Business
1 answer:
Mariana [72]3 years ago
7 0

Answer: (B) Inelastic

Explanation:

 According to the question, when the price of the t-shirt get increased then it generate the high revenue. This result into the decrease in the given quantity and it is smaller change as compared to the change in the price.

This process of the quantity results into the good in the inelastic. Inelastic is the term which is refers to the static quantity of the various types of good and the services and its price are get changed.

Therefore, Option (B) is correct.

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Even before Michelle could explain why a prospect had not purchased her company's new line of ecofriendly outdoor furniture, her
postnew [5]

Answer:

Informal feedback

Explanation:

In simple words, informal feedback relates to the feedback under which the feedback is not planned by either of the parties involved and the conversation regarding the review just happens occasionally unplanned. I

 Generally, In such feedback there is no exchange of information but one party dictates their view to the other. Hence, from the above we can conclude that the given case is an instance of informal feedback.

8 0
3 years ago
A company can expect to receive which benefits when it uses a budgeting​ process?
yaroslaw [1]

Available Options:

a) The budget helps motivate employees to achieve sales growth and cost-reduction goals.

b) The budget provides managers with a benchmark against which to compare actual results for performance evaluation.

c) The planning required to develop the budget helps managers foresee and avoid potential problems before they occur.

d) All of the above.

Answer:

Option D. All of the above.

Explanation:

The reason is that when budgets are set every personnel in the organization is given a task along with the restriction on the use of excessive resources of the company by generating a standard number of output, which is benefitial to the company and the managers as well.

Furthermore, standard costs are used in budgeting to estimate the costs of the operations of the company which means that the standard cost would be used for actual units to compare the actual results to make meaningful conclusions.

At the end, the main benefit of the budgeting is that it highlights the potential issues in the operating systems of the organization which must be corrected to avoid the same advers outcome in the future.

So all of the statements are correct.

5 0
3 years ago
At the completion of a presentation, students were told by the professor that although their talk was solid as far as content, t
kogti [31]

Answer: <u><em>Option (B) is correct.</em></u>

Explanation:

The scenario stated in the given question presents an conscientious issue of interactional justice.

Interactional justice can referred to as the "scale to which an individual is  affected by judgement and how much is the judgement been pondered upon with dignity and respect".

This theory concentrates on the interpersonal analysis individual receive when judgments are given. It is a sub-part of organizational justice.

3 0
3 years ago
Spatial arrangement of people is called population ____
Solnce55 [7]

<span><span>Spatial arrangement of people is called population distribution.

</span>Population distribution</span><span> is the spread of people across the world, i.e. where do people live. </span>Population<span> density is the number of people living in a particular area – usually 1 square mile or 1 square kilometre – and can be written as total </span>population<span>/land area.</span>

7 0
3 years ago
assume you have taken out a partially amortizing loan for $1,000,000 that has a term of 7 years, but amortizes over 20 years. ca
olga55 [171]

Answer:

The balloon payment for this loan would be $581,213.92. This can be calculated by taking the original loan amount of $1,000,000, multiplied by the interest rate of 9%, then multiplied by the difference in the amortization period (20 years) and the loan term (7 years). This equals $540,000. Finally, add the original loan amount to the interest amount, resulting in $1,540,000. This is the total amount due at the end of the loan term, or the balloon payment.

Explanation:

6 0
1 year ago
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