True or False: The price elasticity of demand measure is generally stated as an absolute value.

Answers

Answer 1
Answer:

True

I hope this helps you

:)


Related Questions

in preparation of the physical structure of the business, what are the task that an entrepreneur should perform?

Answers

Answer:

What I have to do in order to ensure that my business will move in the right direction? There are really different things that you will need to do for your business as entrepreneurial tasks on an everyday basis.

Some of them are predictable, but the real problem can be when you need to work on highly unpredictable tasks for your business. In such a case, you will need much harder efforts in order to ensure effective time management for yourself as an entrepreneur.

Because of that, I am using categorization in order to achieve some order in the chaos of entrepreneurial tasks.

When it comes to your entrepreneurial tasks, generally they can be classified in the following groups:

1. Tasks Related to Creativity and Ideation

The first category of your tasks as an entrepreneur are tasks related to creativity and ideation. Every business, absolutely every business will always need a new fresh or great ideas that can lead to innovation and improvement in their products or services they are offering on the market, in the processes and business models of their companies.

Although many do not put this as a separate category, I just want to emphasize this category taking into account the importance of these activities in terms of the increased business potential power of your company. Now, often times these tasks are not distinguished as a separate group or category of tasks because it is more difficult to manage the time in which they will perform as tasks.

When you will be more creative can’t be managed but you can only support the process. Therefore, you can’t tell that tomorrow from 9 am to 12 am you will be more creative and because of that, you will work on brainstorming creative business ideas. But, you can say that tomorrow on your agenda you will have the brainstorming session with your co-workers in order to generate ideas for something. It is better to have one such group work tasks on your agenda.

40 Tips to Brainstorm Business Ideas

2. Planning Tasks

The second category of tasks that you as an entrepreneur will need to do is planning tasks. These tasks represent the predecessors of other tasks that will need to be implemented.

Except for preparation of business plan and your personal plans, these group of activities can include research, analysis, testing, consulting and anything else that in some way will allow you to have a list of tasks that require implementation. So, creativity and ideation will lead to plans which undoubtedly should lead to the next set of tasks, and they are…

3. Implementation as Entrepreneurial Tasks

Implementation of your already prepared plans as a result of the earlier group of tasks. This category of tasks is simply doing the things for your company, or finishing planned tasks. Implementation is one of the most significant tasks and one of the most challenging as well. You should be able to handle the team and must have the right knowledge in managing projects as well. This is why some even take courses such as an online MBA for Canadians by JCU to develop their leadership and managerial skills.

87 Tips and Tricks on How to Become a Successful Entrepreneur

4. Monitoring and Controlling as Entrepreneurial Tasks

For successful work, there must be some kind of monitoring and controlling tasks for the implementation. This is the fourth category of tasks for you as an entrepreneur. Whether it comes to monitoring and controlling your personal work or the work of your employees, this category of tasks ensures that everything that was planned will be implemented as it was planned.

5. Communication as Entrepreneurial Tasks

And of course, the last group of tasks is the communication task. This category is one of the most constant categories, and therefore it will overlap with all the other categories that I have mentioned here. Communication is an essential category of things you will need to do that will provide the proper level of cooperation and improve the results of all other tasks.

Do financial resources include which of the following helps businesses expand, pivot, or consolidate?

A: Loans
B: Projected revenue
C: Employee contributions

Answers

Answer:

that would be A. Loans

Explanation:

loan - credit

The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows:
Procurement
Cost ($) Probability Labor Cost ($) Probability Transportation
Cost ($) Probability
10 0.25 20 0.1 3 0.75
11 0.45 22 0.25 5 0.25
12 0.3 24 0.35 25 0.3 (a) Compute profit per unit for base-case, worst-case, and best-case.
Profit per unit for base-case: $
Profit per unit for worst-case: $
Profit per unit for best-case:$
(b) Construct a simulation model to estimate the mean profit per unit.
If required, round your answer to the nearest cent.
Mean profit per unit =
(c) Why is the simulation approach to risk analysis preferable to generating a variety of what-if scenarios?
(d) Management believes that the project may not be sustainable if the profit per unit is less than $5. Use simulation to estimate the probability the profit per unit will be less than $5.
If required, round your answer to a one decimal digit percentage.

Answers

The calculated profit per unit for base-case, worst-case is, and best-case for the management of Brinkley corporation is:

$7$3 per unit$3 per unit

The Profit per unit for base-case:

45 - 1 1- 24 - 3 = $7

Profit per unit for worst case:

45 - 12 - 25 - 3 = $3 per unit

Profit per unit for best case:

45 - 10 - 20 - 3 = 12$ per unit

b. The mean profit per unit is given as $7.05

c. The reason the simulation approach is preferable is due to the fact that it can help to determine the probability of profit as a particular amount, unlike the what-if scenario analysis.

It can also create different scenarios for possible resources.

d. The probability of the fact that the profit per unit woul  be less than 5 is 9%

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What does the “R” in “HVACR systems” refer to?

Answer: Refrigeration

respiration

radiation

reflection

refrigeration

Answers

Answer:

The answer is refrigeration

The answer is refrigeration

The information to prepare the statement of cash flows comes from all of the following sources except:________
a. comparative balance sheets.
b. additional transaction data about cash provided or used during the period.
c. adjusted trial balance.
d. current income statement.

Answers

The information to prepare the statement of cash flows does not involves sources from adjusted trial balance.

What is cash flow statement?

A cash flow statement serves as financial statement which is used to estimate aggregate data regarding all cash inflows.

Therefore, the sources to get the cash flow statement could be from comparative balance sheets or current income statement.

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What economic concept is applied in this statement? By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others. A. equilibrium B. law of demand C. law of supply D. negative externality E. positive externality

Answers

By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others. Positive externality is applied in this statement.

What is high level of education?

After a person finishs high school, they can pursue higher education. It usually takes place at universities and colleges of further education and encompasses undergraduate and postgraduate study.

Person's educational level simply refers to highest and most recent academic level or school.

Thus option E is correct.

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Answer:

positive externality

Explanation:

movement in supply is caused by changes in ...................
a. non-price factors
b. price of good alone
c. cost of production

Answers


A it is a I am pretty sure sorry if wrong

How would I know if I broke or sprained my wrist?

Answers

If you have a wrist sprain, you may be able to move the wrist in a range of motion. It may be painful, but you will still be able to do it. That usually means the bones are not broken, and you have a sprain. Another sign of a wrist sprain is that there are swelling and redness around the sprained area of the wrist

Explanation:

Answer:

If its broken, you wont be able to move your fingers and it might be miss shapen. if its sprained, their can still be movement in your hand and your rist will still be strait

Explanation:

Which of the following examples BEST illustrates taxation using the progressive principle?

All citizens with jobs are taxed 1.45% of their income for Medicare.

The state of Florida increases the sales tax to 7.5% for non-essential goods and services.

The Jacksonville City Council votes to increase the property tax milage rate for all property owners in the city.

Zach who makes $50,000 a year is taxed at a marginal rate of 25% while Javier who makes $500,000 a year is taxed at a marginal rate of 39.6%.

Answers

Answer:

A. All citizens with jobs are taxed 1.45% of their income for Medicare.

Explanation:

A progressive tax is when the tax rate you pay increases as your income rises. Federal income tax is an example of progressive taxation. I chose this answer because citzens with jobs are being taxed as their income for Medicare rises.

Therefore, A would be the correct answer. I'm doing the exam as well so I hope this is correct!

An example of BEST illustrates taxation using the progressive principle is All citizens with jobs are taxed 1.45% of their income for Medicare. Thus the correct option is A.

What is taxation using the progressive principle?

Individuals or firms with greater financial resources or we can say income are taxed at a higher rate than those with lower incomes under the progressive taxation principle.

In this example, property taxes are assessed based on the property's worth in teh current market scenario, and the city council has decided to raise the tax rate for all city property owners based on that.

The Medicare tax is a payroll tax, which means it is withdrawn from an individual's paycheck automatically. The employer collects and remits the tax to the government. All citizens working in the United States must pay the Medicare tax.

Therefore, option A is appropriate.

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If required reserve ratio is 10 percent what is the monetary multiplier

Answers

Answer:

10

Explanation:

If the reserve requirement is 10%, then the money supply reserve multiplier is 10 and the money supply should be 10 times reserves. When a reserve requirement is 10%, this also means that a bank can lend 90% of its deposits.

What expenses do you need to budget for if you choose to buy a home? Check all that apply.

Answers

Answer:

The expenses I would budget for if I choose to buy a house are:

a mortgage payment

homeowners insurance

property taxes

A down payment

utility payments

Explanation:

PLEASE HELP IN ONE MINUTE WILL MARK BRAINLIST

Answers

Answer:

A is the answer

Explanation:
BRAINLIST PLS

Answer:

In a market economy the government is minimally involved in the functioning of the economy but does act to protect customers and impose some regulations on the market

Cash Flows from Operating Activities—Indirect Method

Indicate whether each of the following would be added to or deducted from net income in determining net cash flow from operating activities by the indirect method:

a. Decrease in inventory
b. Increase in accounts receivable
c. Increase in accounts payable
d. Loss on retirement of long-term debt
e. Depreciation of fixed assets
f. Decrease in notes receivable due in 60 days from customers
g. Increase in salaries payable
h. Decrease in prepaid expenses
i. Amortization of patent
j. Increase in notes payable due in 120 days to vendors
k. Gain on disposal of fixed assets

WORD BANK:
- added
- deducted

Answers

A. added
B. deducted
C. added
D. added
E. added
F. added
G. added
H. added
I. added
J. added
K. deducted

Which BCBS program allows members of independently owned and operated plans to have access to health care benefits throughout the United States and around the world?

a. BCBS Global™
b. Away From Home Care Program®
c. BlueCard® program
d. Health Care Anywhere

Answers

Answer:

b. Away From Home Care Program®

Explanation:

PLEASE MARK ME AS BRAINLIEST AND HAVE A NICE DAY :)

Answer:

Health care anywhere

Explanation:

BCBS stands for

blue cross blue shield

The BCBS allows all the members to access health care benifits anywhere throughout out US and the world

Hence option D is correct

3. Which of the following would appear in the computation of net cash flow from operating activities if using the direct method?

a. Cash received from customers
b. Net income
c. Increase in accounts payable
d. Increase in supplies

Answers

The answer is a. cash received from customers

When would power of attorney be needed? A. when someone dies unexpectedly B. when a person is unable to manage their affairs C. when someone dies but there is no will and the estate must be managed D. when a living will is not in place and beneficiaries must be named

Answers

Answer:

B

Explanation:

Answer:

B. When someone is unable to manage their affairs

Explanation:

explicate the irrelevance of learning styles

Answers

Learning styles are the best way to learn for a student has been debunked. However, learning styles are accepted in education as a way to promote the idea that student learns differently. Below is a further explanation.

The VARK Model

Education continues to promote learning styles as a way for teachers to support students and differentiate lessons. The multiple models related to learning styles, the VARK model is among the most widely used since it sufficiently addresses learner diversity and needs.

The VARK model stands for:

VisualAuditoryReading/WritingKinesthetic

Therefore, anything devoid of the above will be irrelevant.

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Record the issuance of bonds with a face value of $670,000 for $615,000.

Answers

If you tell me what is sense of bones mean, I can probably help

After jill previewed her presentation she realized thst the chart she had chosen did not reflect the data in the way she wanted it to. What can she do now?

Answers

Jill can now alter the chart data by right-clicking and selecting the 'Edit' data button. To experiment with other types of charts, click the 'Change Chart Type' button.

What exactly is a create presentation?

Make a presentation from scratch or from a template. Text, photographs, art, and videos can all be added. Using PowerPoint Designer, choose a professional design. Make use of transitions, animations, and motion. Organizations and consulting firms utilize presentations to inform, instruct, inspire, and convince internal and external audiences.

They include presentations into sales, training, and internal communication campaigns, relying on the power of words and images to engage and keep their audience's attention.

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What would be your dream job working in the Sports Marketing world and why?

Answers

Answer:

I would say working with the productand giving ideas on how things are designed

Explanation:

hope this helps

Sports publicist
Because you can access hybrid working, lots of corporate discounts including gym membership at the YMCA with worksites in Mt Wellington and the City.

What is the definition of a proprietorship? What is its major drawback?

Answers

Answer:

is a business owned by one person who invest money, time and physical assets


Which of the following people would not likely have an insurable interest in a
business owner's life?
O A. A spouse
O B. The owner's child
C. A friend

Answers

C a friend because they aren’t related to the owner

Xavier finished planting his last bonsai tree for his Japanese garden, complete with a koi pond and gazebo.
Unfortunately, the garden wasn't yet fenced in and he already noticed neighborhood children sneaking in to
look at the fish. Eight-year-old Josh wants to take a picture of a fish, but trips and falls on a rock bordering
the pond. Xavier could be held liable for negligence.

Answers

Answer:

TRUE

Explanation:

Cost information from ______(neither, both) costing method(s) is helpful to management in setting prices.

Answers

Cost information from both costing methods are helpful to management in setting prices.

What is costing method?

It should be noted that costing method simply means the method used to know how much to spend on a particular product.

In this case, cost information from both costing methods are helpful to management in setting prices.

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In two to three sentences, describe how you would divide a page into two columns.

Answers

Answer:

Highlight the text you wish to split into columns. Select the “Page Layout” tab. Choose “Columns” then select the type of columns you wish to apply.

Explanation:

hope it helps!!!

How would the distribution of income change if social security were privatized

Answers

Answer:

One of the debates surrounding the Social Security program is whether it should be privatized. With any policy decision, however, there are costs and benefits associated with changing the status quo. In this case, the status quo is the Social Security program in its current form. Privatizing would bring significant changes.

Explanation:

(Principles of management is the class I am taking )

What is a management control system? give a example

Answers

A management control system gathers information used to evaluate the performance of:

HumanPhysicalFinancialOther organizational resources.

What is a management control system?

A management control system is a management technique that evaluates the achievement of performance goals in terms of:

ProductivityProfitabilityEfficiency.

Thus, a management control system gathers information used to evaluate the performance of human, physical, financial, and other organizational resources.

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define tourism with complete sentences

Answers

Answer:

Tourism is a social, cultural and economic phenomenon which entails the movement of people to countries or places outside their usual environment for personal or business/professional purposes.

Explanation:

Answer:

Tourism is the use of travel for either pleasure or business to places foreign to the individual. It has created its own economy through the means of accommodations for visitors including things like shops, hotels, transportation services, etc.


Please help in one minute will mark BRAINLIST

Answers

Answer:

A, B

Explanation:

Might be wrong, there is no guarantee

Complete the following table of basic calculations. For Percent Contribution Margin, use MC. Round to table standard.



Price
Quantity Demanded
Total Revenue
Marginal Revenue
Variable Cost
Total Cost
Average Variable Cost
Marginal Cost
Profit
Percent Contribution Margin
18
600
10800

5210
5710
8.68

5090

17
a
11900
11
b
6140
8.06
4.30
5760
0.75
16
800
12800
9
6135
c
7.67
4.95
6165
d
15
900
13500
e
6700
7200
7.44
5.65
6300
0.62
14
1000
14000
5
7335
7835
f
6.35
6165
g
13
1100
14300
3
8060
8560
7.33
h
i
0.44
j
1200
14400
1
8900
9400
7.42
8.40
5000
0.30

Answers

The table shows that price of J will be $12, the quantity demanded of A will be 700, and the marginal revenue of E is 7.

How to calculate the values?

The price of J will be:

= Total revenue / Quantity demanded

= 14400/1200

= 12

The quantity demanded of A will be:

= Total revenue/Price

= 11900/17

= 700

The marginal revenue of E will be:

= (13500 - 12800)/(900 - 800)

= 700/100

= 7

The variable cost of B will be:

= 6140 - 500

= 5640

The total cost of C will be:

= 6135 + 500

= 6635

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Answer:

What about D?

Explanation:

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