If the cost of obtaining more information is greater than the expected value of perfect information (EVPI), the analyst should Multiple choice question. obtain more information about the decision use a different decision rule not choose to obtain more information
Answers
If the cost of obtaining more information is greater than the expected value of perfect information (EVPI), the analyst should not choose to obtain more information about the decision. This is because the EVPI represents the maximum amount that the decision-maker should be willing to pay for perfect information. If the cost of obtaining more information exceeds this value, it would not be cost-effective to pursue further information.
In this case, the analyst could use a different decision rule that takes into account the available information and the associated costs. For example, the analyst could use a decision-making framework such as expected value (EV) or expected utility (EU) to determine the best course of action based on the information available. This approach would allow the decision-maker to balance the benefits of obtaining more information with the associated costs and risks.
Ultimately, the decision of whether to obtain more information should be based on a careful assessment of the costs and benefits involved. If the cost of obtaining more information exceeds the potential benefits, the analyst should consider using alternative decision-making strategies to ensure that the best possible decision is made.
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Related Questions
influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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which of the following is an internet job search "do"
a. post your resume without considering privacy
b. pay attention to all directions before responding to job postings
c. assume that email is informal, private , or temporary.
d. take a passive role during your online job search.
Answers
Answer:
B
Explanation:
Which trait do MOST employers look for when hiring new employees?
Group of answer choices
punctuality
an outgoing personality
financial independence
a fashionable wardrobe
Answers
Answer: Punctuality
Explanation:
A project has the following estimated data: price = $66 per unit; variable costs = $43 per unit; fixed costs = $16,500; required return = 8 percent; initial investment = $25,000; life = five years.
Ignoring the effect of taxes- (Round your answers to 2 decimal places. (e.g., 32.16))
What is the accounting break-even quantity?
What is the cash break-even quantity?
What is the financial break-even quantity?
What is the degree of perating leverage at the financial break-even level of output?(Round your answer to 3 decimal places. (e.g., 32.161))
Answers
a) the accounting break-even quantity is 717 units.
b) the cash break-even quantity is 978 units.
c) the financial break-even quantity is 800 units.
d) the degree of operating leverage at the financial break-even level of output is undefined.
a) Accounting break-even quantity:
To calculate the accounting break-even quantity, we use the formula:
Accounting break-even quantity = Fixed costs / Contribution margin per unit
Contribution margin per unit = Selling price - Variable costs = $66 - $43 = $23
Therefore, Accounting break-even quantity = $16,500 / $23 = 717.39 or 717 units (rounded to the nearest whole number).
Hence, the accounting break-even quantity is 717 units.
b) Cash break-even quantity:
To calculate the cash break-even quantity, we use the formula:
Cash break-even quantity = Fixed costs + Depreciation / Contribution margin per unit
Here,
Depreciation = Initial investment / Life of project = $25,000 / 5 = $5,000
Thus,
Cash break-even quantity = $16,500 + $5,000 / $23 = 978.26 or 978 units (rounded to the nearest whole number).
So, the cash break-even quantity is 978 units.
c) Financial break-even quantity:
To calculate the financial break-even quantity, we use the formula:
Financial break-even quantity = Fixed costs + Interest / Contribution margin per unit
Here,
Interest = Initial investment x Required return = $25,000 x 0.08 = $2,000
Therefore,
Financial break-even quantity = $16,500 + $2,000 / $23 = 800 units.
Consequently, the financial break-even quantity is 800 units.
d) Degree of operating leverage at the financial break-even level of output:
To calculate the degree of operating leverage at the financial break-even level of output, we use the formula:
Degree of operating leverage = Contribution margin / Operating income
Contribution margin = Selling price - Variable cost = $66 - $43 = $23
Operating income = Sales revenue - Variable costs - Fixed costs - Interest
Operating income at the financial break-even quantity = $66 x 800 - $43 x 800 - $16,500 - $2,000 = $0
Hence,
Degree of operating leverage at the financial break-even level of output = $23 x 800 / $0 = undefined.
As a result, the degree of operating leverage at the financial break-even output level is unknown.
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Project Data
Mowgli Corporation adjusted trial balance for fiscal year ending December 31, 2019.
Dr.
Cr.
Cash
$21,000
Accounts Receivable
$102,000
Inventory (beginning)
$20,000
Estimated Returns Inventory
$5,000
Land
$9,000
Office equipment
$22,000
Accumulated Depreciation-equip.
$20,000
Building
$233,000
Accumulated Depreciation-Bldg.
$94,000
Patent
$16,000
Accounts Payable
$73,000
Customer Refunds Payable
$2,000
Interest Payable
$14,000
Unearned Revenue
$22,000
Notes Payable
$100,000
Capital
$80,000
Drawings
$29,000
Sales
$206,600
Purchases
$106,000
Purchases Returns and Allowances
$1,000
Purchase Discounts
$500
Freight-in
$300
Insurance Expense
$6,000
Interest Expense
$8,000
Repair Expense
$5,000
Salaries Expense
$17,600
Advertising Expense
$1,200
Depreciation Expense
$11,000
Utilities Expense
$1,000
$613,100
$613,100
Other Information:
Inventory on hand at December 31, 2019 is $55,000 (Hint: this is ending inventory).
Estimated Returns Inventory increased $2,000 (Hint: Include in COGS and Closing Entry).
Administrative expenses include: Insurance, Repair, Utilities, and Depreciation.
Selling expenses include: Advertising and Salaries.
$50,000 of the Notes Payable is payable next year (Hint: classified as current).
Answers
Answer:
21,000
Explanation:
Why is network business is risky?
Answers
Answer:
because small business have compitator
why is each of the 4 factors of production important in running a business
Answers
Answer:
to run business sucessfully with out any type pf loss
Identify four economic benefits of hosting a rugby world cup
Answers
Answer:
yes ,i think that answer
Risk _____ is the identification, analysis, and evaluation of risk as initial parts of risk management.
Answers
Risk protection exists the identification, analysis, and evaluation of risk as initial parts of risk management.
What is Risk protection in risk management?The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management. These dangers can be caused by a number of things, such as monetary unpredictability, legal responsibilities, technological problems, strategic management blunders, accidents, and natural calamities.
A company cannot specify its long-term goals without a strong risk management strategy. Risk management, arguably one of the most crucial elements of an organization, is what safeguards it against losses and, at the same time, allows it to seize possibilities.
A tried-and-true method for locating and evaluating elements that can adversely affect a project's or company' success is risk analysis. It enables you to evaluate the risks that you or your company face and aids in your decision-making process.
Hence, Risk protection exists the identification, analysis, and evaluation of risk as initial parts of risk management.
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What are two major advantages and two major disadvantages of having unions in the United
States? Explain each advantage or disadvantage.
Answers
Answer:
two major advantages of unions:
1. we get more items from different countries
2. Unions promote higher wages and better benefits
two major disadvantages:
1. Labor unions discourage individuality
2. Unions can drive up costs as well as making it harder to promote and terminate workers.
Which solutions would be appropriate for everyone in both low financial wellness groups?
(multiple answers can be selected)
Answers
Answer:
Send information about the benefits of using an employer math for retirement
Explanation:
I got it right.
The solution that would be appropriate for everyone in both low financial wellness groups is to Send information about the benefits of paying credit card balances and avoiding emotional spending. This last option is correct.
What are low financial wellness groups?The low financial wellness group is referred to as a group that does not have higher financial stability and seeks challenges in managing their funds and cutting expenses and managing basic needs.
Financial wellness helps an individual to encourage the saving of their funds and cutting unnecessary expenses and timely repayment of debts of credit cards in order to avoid late fees or higher levels of interest.
In the given case, Sending information about the benefits of paying credit card balances and avoiding emoptional spending helps an individual with the appropriate solution.
Therefore, option last is appropriate.
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Which of these would be most likely to be included in CPI
Answers
Answer:
Frozen Pizzas
Explanation:
Info from the video:
"To calculate this index, the US Bureau of Labor Statistics uses a predetermined fixed basket of goods and services and averaging them together. The goods and services in this basket are developed from a survey of expenditures provided by individuals and families in a typical urban household."
Frozen pizza is an expenditure that could be bought by individuals and families in a household.
3. You plan to retire 25 years later. What equal amount of money would you need to deposit in the same account at the end of every year for the next 25 years in order to accumulate $2 Million at the instant the 25th deposit is made? Assume the bank pays interest at the rate of 5% per year. 4. What equal sums of money should you invest in a bank at the end of every year for the next 10 years in order to accumulate $50,000 at the end of 10 years, that is, just when the 10 th deposit is made? Assume the bank pays interest at the rate of 12% per year compounded weekly.
Answers
To accumulate $50,000 at the end of 10 years, you would need to invest approximately $3,140.44 at the end of each year.
To calculate the equal amount of money needed to deposit in the bank for both scenarios, we can use the formula for the future value of an ordinary annuity:
Future Value = Payment × \(\left(1 + \text{{interest rate}}\right)^{\text{{number of periods}}} - 1\) ÷ interest rate
Let's calculate the amounts needed for each scenario:
Retirement Savings:
Future Value = $2,000,000
Interest Rate = 5% per year
Number of Periods = 25 years
Using the formula, we can calculate the equal amount needed to deposit each year:
$2,000,000 = Payment ×\([(1 + 0.05)^2^5 - 1]\) ÷ 0.05
Solving for Payment, we find:
Payment = $2,000,000 × 0.05 ÷ \([(1.05)^2^5 - 1]\)
Payment ≈ $40,678.91 (rounded to the nearest cent)
Therefore, to accumulate $2 million at the end of 25 years, you would need to deposit approximately $40,678.91 at the end of each year.
Investment for Accumulating $50,000:
Future Value = $50,000
Interest Rate = 12% per year (compounded weekly)
Number of Periods = 10 years
Using the formula, we can calculate the equal amount needed to invest each year:
$50,000 = Payment × \([(1 + 0.12/52)^(^5^2^*^1^0^) - 1]\) ÷ (0.12/52)
Solving for Payment, we find:
Payment = $50,000 × (0.12÷52) ÷ \([(1 + 0.12/52)^(^5^2^*^1^0^) - 1]\)
Payment ≈ $3,140.44 (rounded to the nearest cent)
Therefore, to accumulate $50,000 at the end of 10 years, you would need to invest approximately $3,140.44 at the end of each year.
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Required information
[The following information applies to the questions displayed below.]
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,390 in assets to launch the business. On December 31, the company’s records show the following items and amounts.
Cash $ 13,210 Cash withdrawals by owner $ 1,460
Accounts receivable 13,320 Consulting revenue 13,320
Office supplies 2,720 Rent expense 2,950
Land 45,910 Salaries expense 6,290
Office equipment 17,350 Telephone expense 830
Accounts payable 7,970 Miscellaneous expenses 640
Owner investments 83,390
Using the above information prepare a December income statement for the business.
Answers
Based on the information given the December statement of cash flows for Ernst Consulting is $2,610.
Income statement:ERNST CONSULTING Income Statement For Month Ended October 31
REVENUES
Consulting fees earned $13,320
Total revenues $13,320
EXPENSES
Rent expense $2,950
Salaries expense $6,290
Telephone expense $830
Miscellaneous expenses $640
Total expenses $10,710
($2,950+$6,290+$830+$640)
Net income $2,610
($13,320-$10,710)
Inconclusion the December statement of cash flows for Ernst Consulting is $2,610.
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If an insurance policy covers individual losses up to $2000 and has a deductible of $200, the insured will be paid how much in the event of a covered loss of $2500
A. $2,300
B. $2,000
C. $1,800
D. $2,500
Answers
The amount that the insured will be paid in the event of a covered loss of $2500 is: C $1,800.
Insurance policyUsing this formula
Amount=Amount covered -Deductible
Let plug in the formula
Amount=$2,000-$200
Amount=$1,800
Therefore the correct option is C.
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According to investment manager Adeel Qalbani, private equity firms are more beneficial to society than firms that buy or sell stock.
Identify the benefits that private equity firms provide to their clients.
Answers
According to investment manager Adeel Qalbani, private equity firms are more beneficial to society than firms that buy or sell stock provide Private equity firms invest in privately held businesses that are not traded on a public market.
Because of this, the companies investing in the company can have more control over its management and operations.They want to enhance the companies they work with Private equity firms.
Often seek to enhance the productivity and profitability of the businesses they invest in. They accomplish this by offering operational know-how, strategic direction, and financial assistance. They are more tightly regulated than conventional financial institutions:Private equity firms are required to abide by rules that assist to safeguard both their investors and the businesses they invest in. Although these rules can differ by jurisdiction, they typically call for private equity firms to operate openly and disclose.
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THESE ANSWQERS I AM ASKING RE ALL CORRECT., THESE ARE FOR YOU
The steps in an indirect message include which of these? *
4/4
The buffer
The apology
The Rationale
A good will attempt
The bad news
In an indirect message, the actual bad news should be given in which paragraph? *
1/1
First
Second
Third
Fourth
Make sure your entire message is as negative as possible so you don't give the person receiving the message mixed signals. *
1/1
True
False
When providing reasons for the bad news, which of the following are things you need to consider? *
2/2
What date will you deliver the bad news?
Who is the message intended for?
How severe is the message?
Will giving the bad news cause problems for you?
When giving an explanation for the bad news, which of these are things should you NOT do? *
1/1
Explain company policy
Be as vague as possible
Give the complete explanation before the bad news, don't split it.
Be clear and logical
Severe or life-changing bad news should be given face-to-face. *
1/1
True
False
Which of the following is the best wording to use in a bad news message? *
1/1
We regret that the beds have failed and will be discontinued and recalled but we will not be taking the beds back or replacing the beds.
The beds have been discontinued and recalled but there will be no returns accepted or replacements offered.
Unfortunately, the beds will be discontinued and recalled with no refunds, returns or replacements offered.
The beds have been discontinued and recalled and we are unable to offer refunds, returns or replacements.
Offering a coupon or some other alternative might help cushion bad news for customers and keep good will for the company. *
1/1
True
False
Repeat the bad news in your closing to be sure the message was received. *
1/1
True
False
In giving the bad news, make sure you mention all the impacts to the company. *
1/1
True
False
If there are benefits to the reader/receiver of the bad news message, mestion them but do NOT make any up. *
1/1
True
False
Answers
Answer:
number 1
The buffer The Rationale, A good will attempt, and the bad news.
Number 2= Second
Number 3= False
Number 4= Who is the message intended for and How severe is the message
Number 5= Be as vague as possible
Number 6= True
Number 7= The Beds have been discounted and recalled but there will be no returns accepted or replacements OFFERED
Number 8= True
Number 9= False
Number 10= False
Number 11=True
Explanation:
An investment of $8,350 earns 5.2% interest compounded monthly over 10 years. approximately how much interest is earned on the investment? a. $4,342 b. $5,513 c. $5,679 d. $13,863 please select the best answer from the choices provided a b c d
Answers
the amount of interest earned, we subtract the principal investment from the total amount: $13,863 - $8,350 = $5,513. Therefore, the approximate amount of interest earned on the investment is $5,513.
So, the correct answer is b. $5,513.
The amount of interest earned on an investment can be calculated using the formula A = P(1 + r/n)^(nt) - P, where A is the total amount, P is the principal investment, r is the interest rate, n is the number of times interest is compounded per year, and t is the number of years.
In this case, the principal investment is $8,350, the interest rate is 5.2% (or 0.052), and the investment is compounded monthly, so n = 12. The investment is held for 10 years, so t = 10.
Plugging these values into the formula, we get A = 8350(1 + 0.052/12)^(12*10) - 8350.
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The approximate interest earned on the investment is $5,679.
Explanation:To find the interest earned on the investment, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
where:
In this case, the principal amount is $8,350, the annual interest rate is 5.2% (or 0.052 as a decimal), interest is compounded monthly (so n = 12), and the investment is held for 10 years (so t = 10).
Plugging these values into the formula:
A = $8,350(1 + 0.052/12)^(12*10)
Solving this equation will give us the future value of the investment, which includes the principal amount and the interest earned. To find the interest earned specifically, we subtract the principal amount from the future value and round to the nearest dollar.
The approximate interest earned on the investment is $5,679.
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The Colvilles are buying a new car. The cash price is $35,000.00. They will make a down payment of 20% or $5,000. The balance will be covered by an installment loan. The loan will be repaid in 48 monthly payments of $651. The annual percentage rate for the loan is _________%. (Round your answers to two decimal places.)
Answers
Answer:
The Annual Percentage Rate, APR = 1.07%
Explanation:
The annual percentage rate (APR) for a loan is the amount payed annually as interest which is specified as a percentage of the balance of the loan
The given parameters are;
The cash price for the car the Colvilles are buying = $35,000.00
The amount of down payment they will make = 20% or $5,000
The will cover the balance by installment loan
The number of monthly with which the loan will be repaid, n = 48 monthly payment
The amount of the monthly payments, M = $651
The balance which will be taken on loan, P = 35,000.00 - 5,000 = 30,000
The balance which will be taken on loan, P = $30,000
\(APR = \left(\left(\dfrac{\dfrac{Fees + Interest}{Principal} }{n} \right) \times 12\right) \times 100\)
\(APR = \left(\left(\dfrac{\dfrac{ I}{P} }{n} \right) \times 12\right) \times 100\)
Therefore;
The interest paid over life of loan, I = M × n - P
∴ I = 651 × 48 - 30,000 = 1,284
Therefore, we have;
\(APR = \left(\left(\dfrac{\dfrac{ 1,284}{30,000} }{48} \right) \times 12\right) \times 100 = 1.07 \%\)
The Annual Percentage Rate APR = 1.07%
Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
Answers
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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micheal worked 42 hours last week his regular pay is 10$ per. hour he is paid 1 1/2 times his regular pay for overtime hours (in excess of 40 hours) what is his gross pay?
Answers
Michael worked 42 hours last week his regular pay is 10$ per. hour he is paid 1 1/2 times his regular pay for overtime hours (in excess of 40 hours) the gross pay $430.
Explanation:-Michael worked a total of 42 hours; the number of hours he worked in excess of 40 hours was 42 - 40 = 2 hours.
Michael put in an additional two hours of labor.
One hour's pay in standard currency is equal to $10.00.
Regular salary for 40 hours of work equals $10.00 * 40 = $400.
lets calculate money paid to him for over time\given
For overtime hours, Michael gets compensated at 1.5 times his regular salary.
1 hour's worth of overtime compensation is equal to 1 1/2 hours' worth of normal salary.
1 hour's worth of overtime pay is 3/2 * $10, or $15.
$15 multiplied by two hours of overtime work equals $30.
Michael's total salary for 42 hours of work is therefore $400 + $30 = $430.
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a marketing manager uses price lining when he ______.
Answers
A marketing manager uses price lining when he wants to segment the market and offer different price points for similar products or services.
Price lining is a marketing strategy where similar products or services are grouped together and sold at different prices. It is a useful technique that a marketing manager can use to maximize revenue while maintaining product quality. When a marketing manager uses price lining, he is segmenting the market to attract different types of customers.
Price lining is a common pricing technique used by marketing managers when they want to target a broad range of customers. It is a pricing strategy where products or services are placed into specific categories with different price points. It allows companies to create an image of quality and differentiation while offering multiple products or services at different prices to target different segments of the market.
Price lining enables marketing managers to determine the price of their products based on their quality, features, or customer perception. This pricing strategy is useful for businesses that offer a wide range of products and services with different price points. The strategy aims to appeal to different customer segments with varying preferences.
Overall, a marketing manager uses price lining when he wants to segment the market and offer different price points for similar products or services. This way, they can attract different types of customers and maximize revenue. In conclusion, this pricing strategy can help businesses stay competitive and achieve their financial goals.
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Wade Ellis buys a car for. He puts down and obtains a simple interest amortized loan for the balance at interest for four years. Three years and two months later, he sells his car. Find the unpaid balance on his loan
Answers
To determine the unpaid balance on Wade Ellis' loan, we need to know the initial loan amount, the down payment, the interest rate, and the repayment terms.
Given that Wade Ellis buys a car and puts down a certain amount, let's assume the initial loan amount is L and the down payment is D. The loan balance would be the difference between the initial loan amount and the down payment: L - D.
Next, we need to consider the interest rate and the repayment terms. You mentioned that Wade Ellis obtained a simple interest amortized loan for the balance at interest for four years. However, the interest rate and the specific repayment terms are not provided in the question.
To calculate the unpaid balance after three years and two months, we would need to know the interest rate and the repayment schedule (e.g., monthly installments, annual installments). With this information, we can calculate the monthly payment amount and the remaining balance at the given time.
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(this is not a question but Im just saying this because it may be important)
Im part of this group and I ask question when I need help with my homework but today I ask some questions and the question that I ask were all wrong ya'll are not smart ya'll are wrong I got a 40% on my homework ya'll are lying with the answers some of ya'll put ''I took the quiz" and I always read that and I said oh that's the correct answer and that's not true if you want to help other people do it correctly and Im really mad at this ya'll better change.
Answers
Answer:
instead of asking just search it up this is what i do
Explanation:
Answer:
You are just asking the wrong people
why is market development necessary ?
Answers
Write the names of sender and receiver of quotation letter in foreign trade.
Answers
Answer:
Wydm
Explanation:
A. Where and when was the first CPK created? By whom?
B. What was their concept?
C. How many locations did CPK have in 2007?
D. What percentage of the stores were in California?
E. Why was the casual dining model a success?
F. What are CPK's three sources of revenue?
Answers
The first California Pizza Kitchen (CPK) was created in Beverly Hills, California in 1985 by lawyers Rick Rosenfield and Larry Flax.
The concept behind CPK was to provide innovative and high-quality pizzas using non-traditional ingredients, such as barbecue chicken and Thai peanut sauce.
In 2007, CPK had 213 locations worldwide. Around 70% of CPK's stores were located in California in 2007.
The casual dining model was a success for CPK because it allowed them to provide a more relaxed atmosphere for customers while also offering a unique and diverse menu.
CPK's three sources of revenue are dine-in sales, take-out and delivery sales, and franchise fees.
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Spending money to train and develop employees is a means of fostering.
Answers
Answer:
normative commitment
Explanation:
can anyone answer this question it important
Answers
Answer:
I think it's private it's the most logical answer
It could also be government. But I’m more confident in C. Hopefully it is right.
Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it