Studies show that by improving job satisfaction, managers at the business unit level can affect a variety of important organizational level outcomes such as:

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Answer 1

Studies show that by enhancing job satisfaction, managers at the business unit level can positively influence crucial organizational outcomes such as employee productivity, staff retention, customer satisfaction, and overall financial performance.

Studies have shown that by improving job satisfaction among employees, managers at the business unit level can have a positive impact on various organizational level outcomes. These outcomes may include increased employee engagement, reduced turnover rates, improved productivity, higher quality of work, better customer service, and a stronger organizational culture. Additionally, job satisfaction has been linked to employee motivation and job performance, which can ultimately lead to greater financial success for the company. Therefore, it is essential for managers to prioritize and actively work towards improving job satisfaction among their team members to achieve these important organizational level outcomes.

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Related Questions

When you or someone else buys clothing or items produced in a foreign country, who benefits?
Explain your answer.

Answers

Is there a right or wrong answer ? Because I feel like in a way they do because they are finding work and yeah it might not be much but in those areas it’s really poor and anything can help but at the same time no because they hire children that should be in school trying to get an education and it’s only you benefiting it because it’s something you want

A business must decide whether to open a new office in China. If it opens the

branch, it will increase its chances of selling a high volume of its products in

China. On the other hand, the business will have to spend a lot of money to

make the branch operational.

What would be an opportunity cost for the business if it chooses to open the

new branch in China?

A. The business would be able to increase the selling prices for most

of its products.

B. The business would have to spend all its money making new

Chinese products.

C. The business would be able to easily sell its products to many new

customers.

D. The business could not use the money it spends on the new

branch for something else.

Answers

Answer:

D. The business could not use the money it spends on the new  branch for something else.

Explanation:

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

By deciding to open the branch, the funds that could be used for other activities would no longer be available.

A form of market manipulation that attempts to keep the price of the stock from falling is called?

Answers

A form of market manipulation that attempts to keep the price of the stock from falling is called support.

Market manipulation is a type of marketplace abuse wherein there may be a planned try to intervene with the free and honest operation of the marketplace; the most blatant of instances contain developing false or misleading appearances with appreciate to the rate of, or marketplace for, a product, security or commodity.

Market manipulation is when someone artificially influences the delivery or demand security (for instance, causing inventory charges to rise or to fall dramatically).

Market manipulation schemes use social media, telemarketing, high-speed trading, and other processes to intentionally force a stock fee dramatically up or down. The manipulators then make the most of the price motion.

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What are the mot important motive behind an enterprie' deciion to undertake foreign direct invetment?

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Market-seeking, resource-seeking, efficiency-seeking, and strategic asset-seeking are the most important motive behind an enterprise's decision to undertake foreign direct invetment.

A company with its headquarters in another country makes a financial commitment to buy a majority stake in a business that operates in another country when it makes a foreign direct investment. Thus, it differs from a foreign portfolio investment due to the concept of direct control. FDI is a major driver of economic expansion. A country's economy is supported by foreign direct investment. FDI might sway domestic investment choices. Through workforce maintenance, FDI promotes the growth of human capital. Occasionally, investments can result in negative values. Numerous empirical studies have revealed that FDI is influenced by a number of variables, including market size, factor costs, transportation costs, political environment, exchange rate, trade openness, tax rates, infrastructure, property rights, and others.

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An appraiser using the market approach collects many recent comparable sales. If a comparable property has a feature that is NOT present in the subject property, the estimated value of the feature is:

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added to the sales price of the comparable.

Please read instructions all the way through, brainiest will be given and 50 pts. Explain the logistics of product delivery. Describe the ins-and-outs of importing and exporting your products. What are the most critical components of delivery and importing/exporting? (i know for a fact that you have to do research on latest distribution trends and i can give you a link to a possibly helpful website if you need, i mainly need pointers for starting off and maybe a little bit of guidance in creating a 2 page response)

Answers

Answer:

The logistics of product delivery could be described as all that's entailed in ensuring a goods or product gets to a customer's destination after it has been purchased from a particular destination.

Explanation:

The logistics of product delivery could be described as all that's entailed in ensuring a goods or product gets to a customer's destination after it has been purchased from a particular destination. It might include shipment or freight if the goods is coming from outside the desired clients location.

Ins-and-outs of importation;

- You'd have to decide the country you're buying from

- The next is to search for suppliers, those who sell the item in that particular country you've searched.

- You'll then need to search what their duty and taxes are, which you'd have to consider in the cost

- Finally, you'll need to find a reliable freight forwarder and customs broker who would handle the clearing of the goods when they get to your country.

Export has the same but there some changes as this time you'd have searched those who need your product and considered all that's needed to ship in your country and how it'll be cleared over your customers destination

am kandy but pls don't friends me...thank me or comment on this q anymore cz this is my school acc.

What causes the gross domestic product to go up?

A.) a rising unemployment rate
B.) more investment in businesses
C.) a reduction in exports
D.) less government spending

Answers

Answer: B

Explanation: No

More investment in businesses causes the gross domestic product to go up. Thus, option 'B' is the correct option.

What is the gross domestic product?

Gross domestic product (GDP) is a monetary indicator of the total market value of all the final commodities and services that nations generate and sell over a certain time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.

To compare living standards between countries, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful, whereas nominal GDP is more useful for comparing national economies on the global market. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries. The contribution of each industry or sector to the overall GDP may also be quantified.

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What is the value of research in your everyday life and when you are completion a graduate degree? Minimum of 200 words

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Research plays a vital role in everyone's life. It makes humanity more aware of its surroundings and environment. It creates a sense of intellect among the people of society. With increasing technological advancements, everyone must acquire knowledge. Research helps in improving the overall personality.

Research is important to understand, increase knowledge, and get information for social life. Social research is conducted to extend knowledge about some aspects of society like humanities, business or any social science.

Research allows you to pursue your interests, to learn something new, to hone your problem-solving skills and to challenge yourself in new ways. Working on a faculty-initiated research project gives you the opportunity work closely with a mentor–a faculty member or other experienced researcher.

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In many cae, a baby’ weight at birth i equal to one half hi or her weight at age one. Explain how to etimate the weight of a baby at birth if thi baby weight 18 pound at age one

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To estimate the baby's weight at birth, take half of their weight at age one, which in this case would be 18/2 = 9 pounds.

To estimate the baby’s weight at birth, first, you need to determine the baby’s weight at age one. As stated in the question, the baby’s weight is 18 pounds at age one. Then, divide this number by two to calculate the baby’s approximate weight at birth.

To do this, you can use a calculator, or manually divide the number by two. In this case, the baby’s weight at birth would be 18/2 = 9 pounds. This estimated weight can be used as an approximate value for the baby’s weight at birth.

It is important to note that this estimated value is just an approximation and may not be accurate. It is also important to keep in mind that the baby’s weight may vary at birth depending on the baby’s health and size.

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In many cases, a baby’s weight at birth is equal to one-half hi or her weight at age one. Explain how to estimate the weight of a baby at birth if the baby weight 18 pounds at age one

Why would domino’s and little caesar segment the market for pizza?.

Answers

You made me want to eat pizza lol but I think they would work together and form the best pizza

Answer:

Because customers' requirements aren't always the same, To be able to focus on a certain portion.

Explanation:

Hope this helps you!!!!! :D

An investment property was purchased for $250,000. The owner added a tennis court at a cost of $10,000. Two years later, the property sold for $325,000 and the seller paid a 7% commission plus $250 in attorney fees. If he purchases another property for $350,000, how much capital gains will he exclude?
A) $42,520
B) $22,750
C) $42,000
D) $42,250

Answers

Option c: $42,000. If he purchases another property for $350,000, $42,000 capital gains he will exclude.

$250,000 + 10,000 = $260,000

$325,000 - 22,750 (7%) = $302,250 - 250 = $302,000

$302,000 - 260,000 = $42,000

Investment property is property acquired with the intent to generate investment income through rental income, future resale of the property, or both. A property can be owned by a single investor, a group of investors, or a corporation.

Investment properties include long-term commitments and short-term investments. In the latter case, investors often engage in flipping to buy, remodel or refurbish properties and sell them at a profit in a short period of time.

The term "investment property" can also be used to describe other assets that an investor purchases for future valuation, such as art, stock, land, or other collectibles.

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some companies have created a department of corporate citizenship to:

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Companies establish a department of corporate citizenship to address social responsibility and community engagement.

This department manages philanthropy, employee volunteer programs, sustainability initiatives, and nonprofit partnerships, aiming to align the company's values with positive societal impact and community.

Some companies have created a department of corporate citizenship to fulfill various objectives related to social responsibility and community engagement.

This department typically focuses on managing corporate philanthropy, employee volunteer programs, sustainability initiatives, and partnerships with nonprofit organizations. It plays a crucial role in aligning the company's values with its actions and making a positive impact on society.

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Exercise A-2 (Algo) Derivatives; interest rate swap; fixed rate debt [LOA-2] On January 1, 2021. LLB Industries borrowed $210,000 from Trust Bank by issuing a two-year, 12% note, with interest payable quarterly. LLB entered into a two-year interest rate swap agreement on January 1, 2021, and designated the swap as a fair value hedge. Its intent was to hedge the risk that general interest rates will decline, causing the fair value of its debt to increase. The agreement called for the company to receive payment based on a 12% fixed interest rate on a notional amount of $210,000 and to pay interest based on a floating interest rate. The contract called for cash settlement of the net interest amount quarterly. Kipped Floating (LIBOR) settlement rates were 12% at January 1, 10% at March 31, and 8% June 30, 2021. The fair values of the swap are quotes obtained from a derivatives dealer. Those quotes and the fair values of the note are as indicated below. Book Fair value of interest rate swap Fair value of note payable January 1 0 $ 210,000 March 31 $ 6,572 $216,572 June 30 $ 11,594 $ 221,594 Hint Ask Required: 1. Calculate the net cash settlement at March 31 and June 30, 2021. 2. Prepare the journal entries through June 30, 2021, to record the issuance of the note, interest, and necessary adjustments for changes in fair value. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the net cash settlement at March 31 and June 30, 2021. March 31 June 30 Net cash settlement Required 1 Required 2 > Required 1 Required 2 Prepare the journal entries through June 30, 2021, to record the issuance of the note, interest, and necessary adjustments for changes in fair value. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 Record the issuance of the note. Note: Enter debits before credits. General Journal Debit Credit Date January 01 Record entry Clear entry View general journal Journal entry worksheet 3 4 5 6 7 8 9 Record the interest. Note: Enter debits before credits. General Journal Debit Credit Date March 31 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record the net cash settlement. Note: Enter debits before credits. Date General Journal Debit Credit March 31 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record the change in fair value of the derivative. Note: Enter debits before credits. General Journal Debit Credit Date March 31 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 6 7 8 9 Record the change in fair value of the note. Note: Enter debits before credits. General Journal Debit Credit Date March 31 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record the interest. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record the net cash settlement. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 Record the change in fair value of the derivative. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Record entry Clear entry View general journal Journal entry worksheet Record the change in fair value of the note. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Record entry Clear entry View general journal

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The given problem is based on the calculation of net cash settlement, journal entries to record the issuance of the note, interest, and necessary adjustments for changes in fair value.

The calculations are summarized in the tables below: Required 1 Calculation of net cash settlement: March 31June 30 Kipped Floating (LIBOR) settlement rates 6% 8% Interest payable [($210,000 × 12%)/4]

=$ 6,300 [$210,000 × 12%]/4

=$ 6,300

Payment received on swap [($210,000 × 12%)/4]

=$ 6,300 [$210,000 × 12%]/4

=$ 6,300 Net cash settlement

=$ 0 =$ 0 Required 2Journal Entries: 1. Issuance of note on January 1, 2021: General Journal Debit Credit Cash  $ 210,000Notes Payable  $ 210,000Issuance of note on January 1, 2021.2. Interest on March 31, 2021:General Journal Debit Credit Interest Expense

[$210,000 × 12% × 3/12]  $ 6,300

Cash  $ 6,300 Recording of interest on March 31, 2021.3. Net cash settlement on March 31, 2021: General Journal Debit Credit No journal entry required.4. Change in fair value of the derivative on March 31, 2021: General Journal Debit Credit Derivative loss  $ 6,572 Cash  $ 6,572 Recording of change in fair value of the derivative on March 31, 2021.5. Change in fair value of note on March 31, 2021: General Journal Debit Credit No journal entry required.6. Interest on June 30, 2021: General Journal Debit Credit Interest Expense

[$210,000 × 12% × 3/12]  $ 6,300

Cash  $ 6,300 Recording of interest on June 30, 2021.7. Net cash settlement on June 30, 2021: General Journal Debit Credit No journal entry required.8. Change in fair value of the derivative on June 30, 2021:General Journal Debit Credit Derivative loss  $ 5,022 Cash  $ 5,022 Recording of change in fair value of the derivative on June 30, 2021.9. Change in fair value of note on June 30, 2021: General Journal Debit Credit No journal entry required.

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What can a boosted post help an advertiser achieve?

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A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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Post-secondary education is

Answers

DescriptionTertiary education, also referred to as third-level, third-stage or post-secondary education, is the educational level following the completion of secondary education.

Adnan Hassan earned 5% commission as a sales trainee. After
promotion to a sales associate, he earned 8% commission. His year-end
report showed $673,874 in total sales and $45,006.52 in commission.
What did his sales total as (a) a sales trainee and (b) a sales associate?

Answers

Answer:

He earns $296780 as a Sales Trainee and $377094 as a Sales Associate

Explanation:

Given

Let x represents his sales as a sales trainee

Let x represents his sales as a sales associate

Total Sales: \(x + y = 673874\)

Total Commission: \(0.05x + 0.08y = 45006.52\)

Required

Find x and y

Equations

\(x + y = 673874\) --- (1)

\(0.05x + 0.08y = 45006.52\) --- (2)

Make  y the subject of formula in (1)

\(x + y = 673874\)

\(y = 673874 - x\)

Substitute this in (2)

\(0.05x + 0.08y = 45006.52\)

\(0.05x + 0.08(673874 - x) = 45006.52\)

Open Bracket

\(0.05x + 53909.92 - 0.08x = 45006.52\)

Collect Like Terms

\(0.05x - 0.08x = 45006.52 - 53909.92\)

\(- 0.03x = -8903.4\)

Divide through by -0.03

\(x = \frac{-8903.4}{-0.03}\)

\(x = 296780\)

Recall that

\(y = 673874 - x\)

\(y = 673874 - 296780\)

\(y = 377094\)

Hence;

He earns $296780 as a Sales Trainee and $377094 as a Sales Associate

When determining the human resources needs for a well-known engineering firm, the HR director realized that the company lacked engineers under the age of 30. The company could not afford to get caught short in this competitive business climate. An important recruitment strategy for the HR director's department was to start attending college fairs as well as considering hiring interns. We define his recruitment efforts as developing relationships with ________ sources. Multiple Choice external internal median civilian

Answers

Answer:

External

Explanation:

Human resources management

This is simply set up and control of formal systems for employee management within an organization.

Recruiting

This is refered to as the ways or process of getting a list of qualified candidates. The aim is to make the organization attractive to qualified applicants.

External Factors Affecting Recruitment

1. Supply and demand- labor market, unemployment rate

2. Social and legal environment

3.Competitors practices

Types of external source of labor

1. Direct recruitment where Informations are displayed on notice board. They are usually low cost.

2. Casual callers: this is simply known as a list of job seekers that is prepared and as the need arises they are called for an interview.

3. Advertisement through Newspaper, advertising etc.

If you have to reject a job offer because it isn't what you wanted, what is the best step to take? a. Say no at the interview to save the employer time b. Do not call the interviewer back c. Call the interviewer back, thank them, and give a reason for your answer d. Call the interviewer and let them know you would never work for them Please select the best answer from the choices provided A B C D.

Answers

The best step to take is: c. Call the interviewer back, thank them, and give a reason for your answer.

A person or an individual may reject a job offer due to some personal reason or due to the following reasons:

The job did not fit or suit them.They are not comfortable with the work schedule.The job roles was not what they were expecting.The working environment is not comfortable for them.The salary was not what they were expecting etc.

Assuming you reject or decline a job because the job was not want you wanted the best thing to do is to call the person that interviewed you or interviewer back and thank them for :

Selecting or choosing you.Inviting you for the interview and for giving you the job.

You have to as well tell them reason why you did not accept the job offer or why you rejected the job offer.

Inconclusion the best step to take is: c. Call the interviewer back, thank them, and give a reason for your answer.

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What is the difference between a marketing strategy and a marketing plan?

A. A marketing strategy tells where a business wants to go and the marketing plan tells how to get there.

B. There is no difference between a marketing strategy and a marketing plan.

C. A marketing strategy is rather flexible, but a marketing plan should not be revised once it has been created.

D. A marketing plan is written first and forms the basis of the marketing strategy.

Answers

Answer:

a

Explanation:

Deciding on the best means of transportation depends on ____.

a.
comfort, convenience, and safety
b.
personal preferences and income
c.
transportation needs and available choices
d.
All of the above.

Deciding on the best means of transportation depends on ____.a.comfort, convenience, and safetyb.personal

Answers

Answer:

all of the above

Explanation:

because it needs to be affordable safe and comfortable

Answer:

answer: all of the above.

Out of a list of the values 12, 7, 3, 5, 8, and 2, which result would the MIN function return?

Answers

Answer:

2

Explanation:

It’s just right, trust

What are three ways to make money through investing in real estate?

Answers

Answer:

There are three primary ways investors could potentially make money from real estate: An increase in property value. Rental income collected by leasing out the property to tenants.

Answer: By a sudden positive change in the economy, by renting out residences or land to customers, or by being smart about when and how the properties are put up for sale or rent

Explanation:

TRUE OR FALSE When the assumptions of the Gauss-Markov Theorem are satisfied the OLS estimator has the minimum variance among all linear estimators regardless of whether or not the estimator is unbiased or not. Group of answer choices

Answers

The given statement "When the assumptions of the Gauss-Markov Theorem are satisfied the OLS estimator has the minimum variance among all linear estimators regardless of whether or not the estimator is unbiased or not." is true as it has the least variance.

Ordinary least squares (OLS) estimation uses the Gauss-Markov Theorem, a fundamental conclusion in econometrics. It claims that the OLS estimator is the best linear unbiased estimator among all linear estimators under specific assumptions. The model must be linear, there must not be perfect multicollinearity, the error term must not be correlated with the explanatory variables, there must not be heteroscedasticity, and there must not be autocorrelation.

The OLS estimator is efficient when these conditions are met, which means it has the least variance of all linear unbiased estimators. This holds true whether or not the estimator is objective. When the assumptions are true the Gauss-Markov Theorem proves that the OLS estimator is the most effective and trustworthy estimator for the parameters of a linear regression model.

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An article in a newspaper explains that a new business is about to open.

Answers

Answer:

So what's the question......??????

Resource scientists help the understanding in which of the following areas

Answers

The resource scientists gives an insight into some areas that includes

commerceenergytransportationagriculture etc

Who are the resource scientists?

These are scientist that deals with extraction of substance which exists in the earth and could be extracted someday at some price with some technology.

Most times, these resource scientists work with other geoscientists or social scientists to help solve arising issues in their departments.

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Resource scientists help understanding and solve the issues in areas such as commerce, energy, transportation, agriculture, and the environment.

What is a resource scientist?

A resource scientist is someone who conducts research on climate, weather, and site conditions.

Resource scientists generally works with the geoscientists or social scientists to help them in getting the solution for the issues related to the agriculture, environment etc.

The quality or skills that is needed for the resource scientist are critical thinking, math skills, writing skills, communication etc.

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Which of the following are true?
a. The NPV is the net value created by investing in an asset. The NPV is only as good as the inputs. The NPV does account for all cash flows as well as time value of money.
b. The IRR is the rate of return an investor would earn on an asset they held to maturity if they could reinvest alll cash flows received in an asset with the same return (i.e. the reinvestment rate assumption of the IRR). The IRR does account for all cash flows.
c. Payback is the amount of time to recover the initial investment. No discounting occurs and all cash flows after the payback period are not accounted for. The rule is intuitive and used by small business owners.
d. All of the above are accurate
e. None of the above are accurate.

Answers

Answer:

c. Payback is the amount of time to recover the initial investment. No discounting occurs and all cash flows after the payback period are not accounted for. The rule is intuitive and used by small business owners

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.  The NPV does account for all cash flows as well as time value of money.

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested . The IRR does account for all cash flows.

The discounted payback period discounts cash flows

Margo has a daily income of $60, which she can spend on coffee or bagels. Each cup of coffee costs $3 and each bagel costs $4. She is currently spending all her income, and she is willing to forgo 1 bagel to get the next cup of coffee to achieve the same level of utility. To maximize her utility, she should:_______.
a. increase bagel consumption and decrease coffee consumption
b. decrease both consumption of coffee and bagel
c. do nothing
d. increase coffee consumption and decrease bagel consumption

Answers

Answer:

decrease both consumption of coffee and bagel

Which general statement about economic behaviour is shown on this table?

A. Quantity demanded decreases as a good price increases.
B. Price has a positive effect on quantity demanded.
C. Price and quantity demanded are equal only at the lowest price.
D. The quantity demanded is proportional to the price.

Which general statement about economic behaviour is shown on this table?A. Quantity demanded decreases

Answers

The general statement about economic behavior that is shown on this table is Quantity demanded decreases as a good price increases. Thus, option A is the correct answer.

What is economic behavior?

Behavioral economics investigates the effects of psychological, cognitive, emotional, cultural, and social factors on individual or institutional decisions, including how those decisions differ from those implied by classical economic theory.

As per the law of demand, the quantity demanded decreases as the price of the good increases. This is due to the fact that at a higher price, consumers will demand a lower quantity of a good.

Therefore the statement in option A is the general statement about economic behavior which is shown in the table.

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a bank currently has deposits of $50000. if the rrr is 8 nd the bank is holding excess reserves of $1000, calculate the actual reserves being held by the bank.

Answers

The bank is holding actual reserves of $5,000, which includes both required and excess reserves. The bank is required to hold a certain percentage of its deposits as reserves, known as the reserve requirement ratio (RRR). In this case, the RRR is 8%, which means the bank is required to hold 8% of its deposits as reserves.

If the bank currently has deposits of $50,000, the amount of reserves it must hold is:

$50,000 x 0.08 = $4,000

However, the bank is only holding excess reserves of $1,000, meaning it is holding more than the required amount.

To calculate the actual reserves being held by the bank, we need to add the excess reserves to the required reserves:

$4,000 (required reserves) + $1,000 (excess reserves) = $5,000

Therefore, the bank is holding actual reserves of $5,000, which includes both the required reserves and the excess reserves.
To calculate the actual reserves held by the bank, we need to consider both the required reserves and the excess reserves.

Step 1: Calculate the required reserves
Required reserves = Deposits × Reserve Requirement Ratio (RRR)
Required reserves = $50,000 × 8% (0.08)

Step 2: Convert the percentage to decimal
Required reserves = $50,000 × 0.08 = $4,000

Step 3: Add the excess reserves
Actual reserves = Required reserves + Excess reserves
Actual reserves = $4,000 + $1,000

Step 4: Find the actual reserves
Actual reserves = $5,000

So, the bank is holding actual reserves of $5,000, which includes both required and excess reserves.

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Within a company, there are three grades of employees, Grade 1 (G1), Grade 2 (G2) and Grade 3 (G3). Yearly reviews take place at which time participants are faced with one of four outcomes: • Promotion • Remain in the current grade • Demotion • Quit (causing a vacancy that is filled at G1) Note that if an employee is promoted or demoted they can only move up or down one grade, respectively (i.e., an employee cannot move from G1 to G3 or vice versa). Assume moving grades varies according to the following rules: • The probability a G1 employee is promoted to G2 is 0.6. The probability of them quitting is 0.3. • The probability a G2 employee is promoted is 0.3. The probability of them remaining at G2 is 0.5. It is equally likely that they quit or be demoted at G2. • The probability a G3 employee is demoted is the same as quitting and is 0.1. The remainder of G3 employees remain at that grade. • Someone quitting leads to a new position in G1 with probability 1. Assuming the above system can be described using a Markov Chain, answer the fol- lowing (a) Draw a four state (i.e., G1, G2, G3 and Quit), transition diagram, clearly labelling the probabilities, to represent this situation. [6 marks] (b) Construct a transition matrix to represent this situation. [6 marks] (c) What is the probability that somone who starts in G1 will be in G3 after 4 years? [10 marks]

Answers

The probability that someone who starts in G1 will be in G3 after 4 years is 0.3141.

Here is the four state transition diagram(b) The transition matrix for the given scenario is the following one:    (c) Let P be the transition matrix of this Markov Chain. Then, the probability of someone starting in G1 and ending in G3 in four years is equal to the 1, 3 entry of the matrix P^4. So, we have to find the 1, 3 entry of P^4.

Using a calculator, the transition matrix P^4 is the following one: P^4 = (0.2729 0.3908 0.3141 0.0222) (0.1915 0.2766 0.3772 0.1548) (0.1093 0.1574 0.7045 0.0288) (0 0 0 1)

Then, the probability that someone who starts in G1 will be in G3 after 4 years is 0.3141.

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