"Prescriptive Analysis" would take past purchasing data as inputs into a model and then recommend the best pricing strategy for maximising revenue.
What is Prescriptive Analysis?Prescriptive analytics makes recommendations about potential outcomes and produces actions that are likely to maximise important business KPIs.
Prescriptive Analytics is based on:
Optimisation which helps in achieving the best outcomesStochastic optimisation which helps in how to achieve best outcomes and identify data uncertainties to make best results.The types of analytics are-
Descriptive, Predictive and Prescriptive analytics.Learn more about Prescriptive Analytics, here
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In economics a computer bought by a firm for its account keeping is classified differently to a computer bought by an individual for playing games and surfing the internet. Explain why.
Answer:
12
Explanation:
The development of a nationwide computerized job bank listing of all job openings would be most likely to reduce: Group of answer choices frictional unemployment. seasonal unemployment. natural unemployment. cyclical unemployment.
The development of a nationwide computerized job bank listing of all job openings would be most likely to reduce cyclical unemployment.
What is seasonal unemployment?When the abilities that people in the economy have to provide and the skills that employers need from employees do not match, structural unemployment results.What is frictional unemployment?The time between quitting a job voluntarily and finding another is known as the frictional unemployment period.What is natural unemployment?The lowest rate of unemployment brought on by actual or voluntary economic forces is known as natural unemployment, or the natural rate of unemployment. The number of persons experiencing natural unemployment indicates those who are jobless as a result of the structure of the labor force, such as those who have been displaced by technology or those who lack the necessary skills to find employment.What is cyclical unemployment?The portion of overall unemployment that is specifically caused by cycles of economic expansion and contraction is known as cyclical unemployment. Typically, unemployment increases during economic downturns and decreases during boom times.Therefore, the development of a nationwide computerized job bank listing of all job openings would be most likely to reduce cyclical unemployment.
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The ""invisible hand"" works to promote general well-being in the economy primarily through:.
The "invisible hand" works to promote general well-being in the economy primarily through people's pursuit of self-interest. therefore, Option A is the correct statement.
How does the Invisible Hand work?The invisible hand is a part of laissez-faire, which means the "let do/permit go," method in the marketplace. In different words, the method holds that the marketplace will discover equilibrium without authorities or different interventions forcing it into unnatural patterns.
The complete information about the question is given below:
a. people's pursuit of self-interest.
b. the political process.
c. government intervention.
d. altruism.
therefore, The "invisible hand" works to promote general well-being in the economy primarily through people's pursuit of self-interest. Option A is the correct statement.
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Consider the following case: John Smith is a archaeologist with a Ph.D. He has excavated sites across much of South America and unearthed many ancient artifacts. He is a leader in the field of archaeology. John decides that he will market and sell a new haircare product and on his advertisements lists his Ph.D. after his name, though he has never had any training in dermatology or any other health-related science. Evaluate as true or false: John Smith's use of his Ph.D. on advertisements for haircare products is an example of the fallacy of inappropriate expertise. Question 6 options: True False
According to the case, the use of Ph.D. on the ads for hair care products by John Smith is considered an example of the fallacy of inappropriate expertise.
The provided statement is true.
What is a fallacy?A fallacy is an unlawful statement that is used by someone in stating any reasoning or argument which can even be harmful to society.
In the given case, John is having Ph.D. degree in the archaeology field, and his attempt to use the word Ph.D. on the haircare goods marketed by him would be a fallacy in respect of inappropriate expertise. The fallacy could be the use of the Ph.D. word on ads and the inappropriate expertise is that he doesn't have any knowledge regarding skincare and dermatology area.
Therefore, this may create a harmful effect on the individuals who are buying them as it is not authorized by a dermatologist.
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Spatial layout and functionality increase in importance when:
Spatial layout and functionality increase in importance when service is provided in a self-service environment.
What is Service?A Service is an act rendered by either an individual, government, or a firm that could be paid for by an individual or rendered for free.
In the case of spatial layout and functionality, the importance increases when service is provided or in a self-service environment.
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How quickly must you file a report with the michigan dnr if property damage exceeds $2,000?.
The amount of time that is allowed before filing a report with the Michigan Dnr if property damage exceeds $2,.000 is 5 days.
What is Insurance?This refers to the coverage that a product or service has and subscribed for that is covered in the event of theft, loss, or other unforeseen circumstance.
Hence, we can see that in the case of property damage, the maximum amount of time given to file to the Michigan DNR is five days if the damage to the vessel and other property damage totals more than $2,000.
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33. when advertisers use extremely attractive models to demonstrate products, they are relying, in part, on the power of ____ to change consumers' attitudes.
When advertisers use extremely attractive models to demonstrate products, they are relying, in part, on the power of b. classical conditioning to change consumers' attitudes.
What is classical conditioning in advertising?Classical conditioning in advertising is the use of positive features that create an atmosphere of enjoyment so that consumers are forced to associate good feelings and having fun with the product.
Classical conditioning creates an unconditioned stimulus (US) and the unconditioned response (UR).
a. observational learning
b. classical conditioning
c. reinforcement
d. punishment
Thus, when advertisers use extremely attractive models to demonstrate products, they are relying, in part, on the power of b. classical conditioning to change consumers' attitudes.
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Factory labor charges that cannot be easily traced to a job are treated as ______.
Answer:
Manufacturing overhead
2. Which type of customer do business marketers NOT serve
The business marketers do not serve consumers who purchase products and services for their end-use.
Who are business marketers?These are entities that sell products/services to other companies that resell or uses them to support their works.
Hence, these business marketers do not serve consumers who purchase products and services for their end-use but they serve other business organizations.
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does the standard unemployment rate underestimate or overestimate the unemployment problem?
The standard unemployment rate underestimate unemployment problem.
What is unemployment?Unemployment occurs when there are no suitable Jobs for People or individual who are willing to work.
This can be due to a decline in the economy of a country or state.
The rate of unemployment may not be easily measured because of the constant increase and decrease.
Therefore, The standard unemployment rate underestimate unemployment problem.
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General Motors had long-running problems with Chevy Cobalt ignition switches. The switches could disable the emergency airbags, causing accidental deaths. The GM culture discouraged anyone from stepping up and addressing the problem. Mary Barra, the new CEO, made a public commitment to change. After an investigation, two senior managers left the company in 2014. By ________, GM was better able to move forward.
By changing leader, GM was better able to move forward.
Who is leader?A leader is someone that possess leadership skills or someone that control and direct others.
Based on the given scenario since two senior managers left GM, changing leader make it possible for the company (General Motors) to move ahead or forward.
Therefore By changing leader, GM was better able to move forward.
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The return that shareholders require on their investment in the firm is called the:
The return that shareholders require on their investment in the firm is called the dividend.
What is the dividend?
The dividend is the payment made to the shareholders of a company after debt obligations and preferred shareholders have been paid. A shareholder is a person who is regarded as the owner of a public company.
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Privacy concerns are one of the biggest reasons people don't purchase goods and services online.
true
false
As regards people not purchasing online because of privacy concerns, this statement is True.
Why are people skeptical of online sales?There is a general belief amongst many that purchasing goods online can violate one's privacy and security as regards using credit and debit card information to pay for goods.
As a result, people are always skeptical of buying things online but this hasn't stopped a lot of people.
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question content area prepaid expenses are eventually expected to become:
Prepaid expenses are eventually expected to become expenses when their future economic value expires. This is further explained below.
What are Prepaid expenses?Generally, Prepaid expenses are simply defined as an asset on the balance sheet since they represent cash spent in advance for products or services.
In conclusion, When the future economic worth of costs that have been prepaid expires, the prepaid amount is written off as an expense.
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Producer surplus is the difference between Multiple Choice the maximum prices consumers are willing to pay for a product and the lower equilibrium price. the quantity supplied and quantity demanded at an above equilibrium price. the maximum prices consumers are willing to pay for a product and the minimum prices producers are willing to accept. the minimum prices producers are willing to accept for a product and the higher equilibrium price.
Producer surplus is the difference between the minimum prices producers are willing to accept for a product and the higher equilibrium price.
What is producer surplus?This is used in economics to measure the welfare of the producer. It is the difference between what the producer is willing to make a supply of his goods for.
This difference is in relation to the amount that he is known to make from selling.
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The strategy of distinguishing one firm’s product from the competing products of other firms is called product.
product differentiation the strategy of distinguishing one firm's product from the competing products of other firms.
What is product differentiation?Product differentiation serves as the activities that are been put in place to make the product or service of a company to stand out to the target audience.
It serves as the idea that distinguish what the company sell from that of the competitors to increases brand loyalty as well as sales.
THE COMPLETE QUESTION IS;
__________the strategy of distinguishing one firm's product from the competing products of other firms.
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what factors played a role in america's economic stagnation
The factors that played a role in America's economic stagnation are the:
Replacement of human labor with machinesThe oil boom in foreign marketsWhat was the stagnation about?In the 1970s America suffered a major economic blow that led to the increase in prices of commodities and the increase in unemployment.
The increase in unemployment can be attributed to the advent of machines that were beginning to greatly displace human labor. Oil boom in foreign markets was another cause of the economic crisis.
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When sending a group email, how do you ensure that one or several recipients cannot see the names of other recipients? select only one.
The option that is used is Blind Carbon Copy (BCC).
When sending an email message to a big group of individuals, it is advisable to use the Blind Carbon Copy (BCC) option for security and privacy reasons. Whenever user put email addresses in the BCC area of a message, the addresses are hidden from the recipients.
In contrast, any email addresses you include in the To or CC fields are accessible to everyone who gets the message.
If a person's email address is included in the BCC field, they would receive a copy of the email in their inbox as if they were CC'd.
The difference is that their email address would not be visible to the other persons in the email chain, and as a result, they will not receive further Reply or Reply All messages from others in the thread. It's worth noting that BCC receivers can't see each other either. Consider it a stealth mode CC.
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a country's gross domestic product would exceed its gross national product when the ____________.
A country's gross domestic product would exceed its gross national product when the net of income of resident oversees and income earned by foreign residents is negative.
What is GDP and GNP?Gross national product (GNP) is the sum of GDP, income earned by residents from overseas investments less income earned by foreign residents.
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
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In her new job, alison determined to make her _____________from the start
In her new job, alison determined to make her mark from the start. Hence, the correct answer is mark. Read below about making one's mark.
What does it mean to make mark?If one makes his/her mark or make a mark, one becomes noticed or famous by doing something impressive or unusual.
Therefore, the correct answer is mark.
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which 3 predefined management report templates will a client see in their company file?
The predefined management report templates that a client sees in their company file will be company overview, financial statements, and sales performance.
What is a management report?It should be noted that the management report is the collection of data that is used to make better decisions.
In this case, an example of the predefined management report templates is the financial statements which are written records that convey the business activities and the financial performance of a company.
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he post-closing trial balance differs from the adjusted trial balance in that it does not a.include income statement accounts b.take into account closing entries c.take into account adjusting entries d.include balance sheet accounts
Trial balance is a statement of all debits and credits in a double-entry account book is does not include income statement accounts.
What is trial balance?
An accounting worksheet where the balance of all general ledger accounts for debit and credit is equal is referred to as a "trial balance" in a financial report.
Because they are entries of the statements of operation expenses and revenue, trial balances are included in account closure entries and account adjusting entries but not in balance sheet accounts or income statement accounts.
As a result, option a is correct does not included income statement account.
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what is the type of occupation of densist
Answer:
Dentist is an occupation related to dental/tooth disease.
Explanation:
It is an occupation related to dentistry which is in the field of health.
The following transactions apply to Ozark Sales for Year 1:
1. The business was started when the company received $50,000 from the issue of common stock. 2, Purchased inventory of $380,000 on account.
3. Sold for $510,000 cash (NOT including sales tax). Sales tax of 8 percent is collected when the merchandise is sold. The merchandise had a cost of $330,000.
4. Provided a six-month warranty on the merchandise sold. Based on industry estimates, the warranty claims would amount to 2 percent of sales.
5. Paid the sales tax to the state agency on $400,000 of the sales.
6. On September 1, Year 1, borrowed $50,000 from the local bank. The note had a 4 percent interest rate and matured on March 1, Year 2.
7. Paid $6,200 for warranty repairs during the year.
8. Paid operating expenses of $78,000 for the year.
9. Paid $250,000 of accounts payable.
10. Recorded accrued interest on the note issued in transaction no. 6.
Prepare the journal entries for the preceding transactions and post them to the appropriate T-accounts.
Answer:
Current liabilities: Accounts payable$130,000
Sales tax payable 8,800
Warranty Payable 4,000
Interest payable 667
Notes payable 50,000
Total current liabilities$193,467
Explanation:
What would chester corporation’s market capitalization be if the current stock price fell 10%?.
If the current share price drops by 10%, Chester Corporation will have a market capitalization of $ 73,668,639 or $ 73.7 million.
Market capitalization = current stock price x total number of issued shares.
I don't know the total number of issued shares or the current stock price, so I can use another question as an example.
Another question is that the total number of issued shares is 3,225,987 and the current share price is $ 20.76. So if the current market capitalization = 3,225,987 x $ 20.76 = $ 66,971,490
stock price rises 10% ($ 22.836), Chester's market capitalization = 3,225,987 x $ 22.836 = 73,668. $ 639 or $ 73.7 million.
What defines stock price?The stock price is a relative and proportional value of a company's worth. Therefore, it only represents a percentage change in a company's market cap at any given point in time. Any percentage changes in a stock price will result in an equal percentage change in a company's market cap.
What is market capitalization?Market capitalization, or market cap, is the total value of a company’s shares of stock. Market cap is calculated by multiplying the number of stock shares outstanding by the current share price. Shares outstanding includes all shares — those available to the public as well as restricted shares available to and held by specific groups.
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Which is an example of a preventative measure related to possible medical
identity theft?
A. Checking your medical records carefully
B. Calling your medical provider
O C. Calling your insurance company
D. Contacting the Federal Trade Commission (FTC)
An example of a preventative measure related to medical identity theft would be carefully checking the medical records of a person. Option A is correct.
What is a preventative measure?In opposition to disease treatment, preventative measures refer to actions or steps taken to ward off illness. The usual categories used to describe preventive care strategies are primary, secondary, and tertiary prevention.
Maintaining control of medical identity cards and routinely reviewing medical bills, credit reports, medical benefit accounts, and instruction invoices are examples of preventative measure.
Medicare and Social Security cards that have been stolen away require to be accounted right away to the Social Security Administration.
Therefore, option A is correct.
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Answer: A. Checking your medical records carefully
Explanation: just got it right
When a pizza maker lists the price of a pizza as $10, this is an example of using money as a:
When a pizza maker lists the price of a pizza as $10, this is an example of using money as a unit of account
What is a unit of account?A unit of account is a standard numerical unit of money used for measuring goods and services.
According to the question, the price of the pizza is a unit of account because it was used to measure the price of the goods.
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Daniel is due to receive the balance of his trust fund in 5 years; as a result he has taken out a(n) ________ mortgage where he has made small payments for several years and will pay off the balance in one large payment with his trust funds. Question 25 options: shared appreciation graduated payment fixed rate balloon payment ARM
Because Daniel is due to receive the balance of his trust fund, the Balloon Payment mortgage will pay off the balance in one large payment with his trust funds.
What is a Balloon Payment mortgage?This refers to a mortgage that does not fully amortize over the term of the note thereby leaving a balance due at maturity
Here, the the Balloon Payment mortgage will pay off the balance of Daniel in one large payment with his trust funds.
Therefore, the Option D is correct.
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If today's exchange rate reflects all relevant public information about the euro's exchange rate, but not all relevant private information, then ____ would be refuted. a.semistrong-form efficiency AND strong-form efficiency b.weak-form efficiency AND semistrong-form efficiency c.strong-form efficiency d.weak-form efficiency e.semistrong-form efficiency
If today's exchange rate reflects all relevant public information about the euro's exchange rate, but not all relevant private information, then weak-form efficiency and semi strong-form efficiency would be refuted.
What is exchange rate?An exchange rate is the value of one currency as it relate to another country's currency. Here, it means the rate in which one currency will be exchanged for another.
If today's exchange rate reflects all relevant public information about the euro's exchange rate, but not all relevant private information, then weak-form efficiency and semi strong-form efficiency would be refuted.
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are facial movements that convey emotional messages
By observing a person's emotions one can identify the person's emotions.