Greg and Barry have decided to not pay their income taxes despite knowing that these taxes are needed. This selfish behavior is the basis of a prisoner's dilemma.
What is prisoner's dilemma?Prisoner's dilemma can be defined as the way a person or two person know the outcome of the decision they are about to take and still go ahead to take the decision so as to to satisfy their own self interest.
A person or an individual with prisoner's dilemma personality will often possess selfish behaviour.
Therefore This selfish behavior is the basis of a prisoner's dilemma.
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A firm that earns less than 70 percent of revenue from its dominant business and has direct connections between its businesses is engaging in ____ diversification.
If the government reduces some of the national debt and as a result households have more money to spend, this can result in: Group of answer choices Crowding in. Fiscal crowding. External debt. Deficit spending.
If the government reduces some of the national debt and as a result households have more money to spend, this can result in crowding in.
What is crowding in?
Crowding in is when an increase in government spending increases the amount of money in the economy. This increases the money that households can spend and it also increases the level of investment spending in the economy.
If the nominal interest rate is 18 percent and the real interest rate is 8 percent, the inflation rate is
Based on the nominal interest rate and the real interest rate, the inflation rate must be 10%.
What is the inflation rate?The inflation rate is the difference between the nominal rate and the real interest rate.
It can be found as:
= Nominal rate - Real interest rate
Solving gives:
= 18% - 8%
= 10%
In conclusion, the inflation rate is 10%.
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A discount on bonds payable occurs when a company issues bonds with an issue price less than par value. Group of answer choices false true
It is a true statement that discount on bonds payable occurs when a company issues bonds with an issue price less than par value.
What is a discount on bonds payable?This means the difference between face value of a bond and the reduced price at which it was sold by the issuer.
Hence, this discount occurs when a company issues bonds with an issue price less than par value.
Therefore, the statement is a true statement.
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What two outcomes would be considered part of the feedback loop in the communication process?.
Feedback is the state in which an output or loop response affects or influences an input or update.
What is Feedback Loop?Feedback loop is an ongoing process where you listen and talk to your customers, and then make changes based on repeated evaluations.
It means starting in a place of humility, knowing that there is always room for improvement.
The two outcomes that would be considered as part of the feedback loop in the communication process are:
A consumer uses a car as a result of their interaction with a salesperson.A retailer notices an increase in sales following its purchase of advertising in Sunday's paper.Thus, These are the two outcomes that would be considered as part of the feedback loop in the communication process.
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Which of the following scenarios would the National Highway Traffic Safety Administration be involved in?
investigating the use of a faulty gearbox in a semitrailer
determining the number of cars sold in the country in a year
building railways within city limits
modifying the fuel efficiency standards for new cars
setting the emission standards of an automotive factory
The National Highway Traffic Safety Administration be involved in determining the number of cars sold in the country in a year.
What is Traffic?In Simple terms, Traffic can be defined as the flow if Vehicle(Especaily) to and fro a particular axis or road. When there is a large amount of vehicle moving through a small passage, we say traffic is high.
Too much vehicle plying on a road can lead to traffic congestion.
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Answer:
See image
Explanation:
See image
Li Wei is searching through his company's files of its customers to choose ones that would most likely be interested in the new product line his company has developed. Which stage of the personal-selling process is this
According to the personal-selling process, the prospecting stage is the first step in the sales process and consists of searching for prospective clients.
What are the prospecting stage?It is the first phase of the personal-selling process and its purpose is to identify potential clients.
In other words, sellers obtain candidates who need the company's product or service, for this, it is essential to carry out market research in order to identify people who have needs that the company can satisfy.
Therefore, we can conclude that according to the personal-selling process, the prospecting stage is the first step in the sales process and consists of searching for prospective clients.
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The materials price variance is calculated using the ______ quantity of the input purchased.
Answer:
the answer is: calculator
If someone thinks that their language is superior to others, it can cause defensiveness. In this case, what style should be used to move a conversation toward nondefensiveness?.
When someone believes their language is superior to others', they may become defensive. The descriptive language should be utilized in this circumstance to steer the debate away from defensiveness.
What is descriptive style?When an author writes in a descriptive style, they are using words to paint a picture for their audience of a person, place, or thing. To convey the author's impressions through their five senses.
In descriptive communication, a person tries to figure out about the determination of what information is true, is nondefensive, but evaluative communication is perceived as hunting for information that makes a listener defensive.
Empathy is emotional support for others, putting the listener in a non-defensive position, while equality puts both the listener and the speaker on an equal footing, promoting non-defensiveness.
This is because they seek knowledge that the listener may perceive as dangerous, evaluative and problem-solving are defensive.
Therefore, the person is thinking about the descriptive style.
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Answer:
Equal
Explanation:
An equal communication style moves superiority, which can cause defensiveness, to nondefensiveness.
The window of opportunity to capitalize on an innovation is very narrow, so businesses with new ideas should:_______.
a. Develop customer-centric marketing that is enhanced with AI.
b. Move quickly so that competitors do not swoop in and pass them by.
c. Conserve their resources and hope they can survive disruptive innovation.
d. Partner with offshore suppliers to reduce labor costs
So the window for capitalizing on innovation is so small, that companies with innovative ideas should act quickly and Develop AI-assisted customer-centric marketing strategies.
Thus Option A is correct.
What is the definition of customer-centric marketing?Customer-centric marketing is a marketing approach that is focused on the needs and wants of customers. It's all about putting customers first, using a mix of insight, good judgement, and statistics about their behavior.
Being customer-centric entails more than simply recognizing the customer's significance.
It all comes down to getting to know your consumers so you can anticipate their needs, expectations, and communication choices, create better experiences, and build long-term connections. It's also easier to say than to do.
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Acme, Inc., bought land and a building for $150,000. Acme plans to use the building for 20 years and then sell it. What is the useful life of the land
Based on the term of usage for the land by Acme Inc., the useful life of the land is 20 years.
What is the useful life of the land?The useful life of an asset refers to the number of years or periods that the company that acquired the asset, plans on using it.
Acme Inc. in this scenario, plans on using the land for 20 years before they sell it. The useful life must therefore be the 20 years.
In conclusion, the useful life is 20 years.
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Under the _____ concept, the company carefully integrates and coordinates its many communication channels to deliver a clear, consistent, and compelling message about the organization and its brands.
Under the Integrated Marketing Communucation concept, the company carefully integrates and coordinates its many communication channels to deliver message.
What is Integrated Marketing Communication?Integrated marketing communication is seen as the process employed by organisation to unify marketing communication means like public relations, social media, audience analytics, and advertising, into a brand identity that remains consistent in all media channels.
Therefore, the answer is Integrated Marketing Communication.
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As the technology manager for your firm, you have been tasked with identifying options for cloud-based software and hardware that will be hosted by an external vendor. In addition, the firm wants control over the operating system, underlying applications, and some of the software packages. Based on these specifications, you will be evaluating _____.
Based on making specifications, on identifying options for cloud-based software and hardware, you will be evaluating Cloud computing.
What is Cloud computing?Cloud computing serves as the process involving delivering of hosted services over the internet.
Therefore, Cloud computing involves making different services through the Internets, such as data storage.
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Publishers in an ad network (typically media sites) have to share ad revenues with the network. What benefit does an ad network provide to make it worth sharing these revenues
The benefit that ad network provide that makes its worth sharing with these revenues is because the publisher does not have to coordinate advertising with multiple search engines.
What is an ad network?Also called an advertising network, is a firm's services that helps to connects advertisers to websites that want to host advertisements.
This, these publishers share ad revenues with the network because the publisher does not have to coordinate advertising with multiple search engines.
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What type of information is typically communicated in the information flow from the store to the buyer
The type of information is typically communicated in the information flow from the store to the buyer is Inventory information.
What is Inventory information?Inventory information serves as an accounting term that describes the set of of items, component parts and raw materials that the company uses in production or sells.
Therefore, Inventory information let us know information flow from the store to the buyer is Inventory information.
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If you borrow money to pay for an item, your _____ in that item at a given time is the part of the principal you have paid.
in you borrow money to pay for an item your interest
A small retail center that is usually located along a major road and consists of small businesses is known as a:
A small retail center that is usually located along a major road and consists of small businesses is known as strip center.
What is a strip center?A strip mall or strip center serves as a small retail shop or store that are arranged in a row, with a sidewalk in front.
This arrangement are typically developed as a unit and have large parking lots in front.
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Suppose that the Federal Reserve buys $400 billion worth of government securities from the public. If the required reserve ratio is 20 percent, the maximum increase in the money supply is
If the required reserve ratio is 20 percent, the maximum increase in the money supply is $2,000 billion.
Money supplyFirst step
Multiplier=1/Reserve ratio
Multiplier=1/0.20
Multiplier=5
Second step
Increase in money supply=Multiplier×Federal reserve
Increase in money supply=5×$400
Increase in money supply=$2,000 billlion
Therefore If the required reserve ratio is 20 percent, the maximum increase in the money supply is $2,000 billion.
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Perit Industries has $165,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternatives are:
The net present value of project A that Perit Industies plans to undertake is $-79,009.91.
What is the net present value?
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = -165,000Cash flow in year 1 - 6 = 21,00Cash flow in year 6 = 9500I = 14%
NPV = $-79,009.91.
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A ________ firm is one that, by operating in more than one country, gains marketing, production, research and development, and financial advantages that are not available to purely domestic competitors.
A company that has operations in more than one country. Global corporations have cost and reputation advantages in research, production, marketing, and financial operations that domestic competitors do not have.
Why is a global firm?A global corporation is one that operates in more than one country all over the world. It is the inverse of a domestic corporation that only operates in one country. These businesses are also known as global corporations, multinational corporations, multinational companies, or MNCs.
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The demand for air travel in the tourism industry tends to be relatively ______. Thus, small _____ in air fares will result in relatively _____ in air travel.
Demand for air travel in the tourism industry tends to be relatively elastic and as a result, the small reductions in air fares will result in relatively large increases in air travel.
What is a demand?It means the quantity of consumers that are willing to buy products at various prices during a given period of time.
The demand for air travel is also affected by price which is asserted by law of demand that stated "the higher the price, the lower the quantity demanded.
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Assume you invested $5,000 in a mutual fund that earns 6% compounded annually on December 1, 2018. The balance in your account on December 1, 2023 will be $
The balance in your account on December 1, 2023 of the mutual fund account will be $6691.
How to calculate the mutual fund?From the information given, the person invested $5,000 in a mutual fund that earns 6% compounded annually on December 1, 2018.
The amount in the account by the date will be:
= 5000 × ( 1 + 6%)^5
= 6691
In conclusion, the correct option is $6691.
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If you are the manager of a hotel and a person who booked a room for the week calls to cancel the reservation, you have a duty to attempt to rent the room to someone else to minimize the damages. This is known as the duty to ______ damages.
In the situation, the duty to try to rent the room to someone else to minimize the damage is known as the duty to mitigate the damage.
What is the duty to mitigate damages?Corresponds to the obligation that a person has to reduce his losses by taking reasonable actions to do so, even if the losses are not related to a personal action.
Therefore, the duty to mitigate damages helps in planning actions and strategies that reduce the consequences caused by losses to a business.
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Which of the following is the BEST reason to use cash for making purchases?
Lev, an agent for Mill Grains LLC, executes an unauthorized contract with National Grocers Inc. The deal is highly advantageous to Mill Grains, and the company ratifies the contract. The contract is
Given that the contrsct that is being made here has been said to be ratified, the contravt can be said to a valid contract.
What is a valid contract?This is a term that is used to refer to a contract that has been found to b e valid and also enforceable.
What makes a contract valid is the fact that there is an expressed offer, and a valid acceptance.
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Consumers and companies populate two market environments today. One is the traditional ________ and the other is the ________.
The market environments made up of consumers and companies is the traditional marketplace, and the other is the marketspace.
What is the marketplace?Corresponds to the market where exchanges, transactions and negotiations of products and services between individuals and organizations are carried out.
Therefore, through the marketplace and marketspace, economic transactions are carried out and determined by the law of supply and demand.
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When an organization has a central core of key functions and outsources others to vendors who can do them cheaper and faster, the organization is said to have a ______ structure.
When an organization has a central core of key functions and outsources others to vendors, it is said to have a hollow structure.
What is Hollow structure?This is an organizational structure in which the non core processes are outsourced while the core processes are done internally.
This structure are normally outsourced to vendors who can do them cheaper and faster.
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______ marketing is the practice of focusing on the identification and recruitment of influential people to advocate a company's products, services, and brands rather than focusing exclusively on prospective buyers.
Influencer marketing focus on the identification and recruitment of influential people to advocate a company's products and brands rather than focusing exclusively on prospective buyers.
What is marketing?Marketing involves all strategies and various processes a company or firm make use of to get a product to the end users.
It include how they advertise and distribute their product to sell.
Therefore, Influencer marketing is the practice of focusing on the identification and recruitment of influential people to advocate a company's products, services, and brands rather than focusing exclusively on prospective buyers.
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Donna is well-respected for her decision-making skills, always supporting her proposals with detailed pro and con insights she gathers from sources with a balance of perspectives. Donna's strategy to _______ facilitates acceptance of her decisions by top management.
Answer:
Rely on objective information
Explanation:
What tends to happen to a nation that increases its participation in an open economy with an international sector?.
Generally, nations that engage in open economies export and import products with other countries more easily.
What is an open economy?Open economy is an economic term that refers to an economic system in which two or more countries maintain an exchange agreement of goods or services.
The open economy includes the transfers and reception of:
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