TRUE or FALSE statement "People who travel for business purposes tend to pay lower fare for airline flights because their demand is more elastic than other passengers"
Answers
The statement is FALSE. People who travel for business purposes do not necessarily pay lower fares for airline flights because their demand is more elastic than other passengers.
The elasticity of demand measures the responsiveness of quantity demanded to changes in price. In the case of business travelers, their demand tends to be less elastic, meaning that they are less sensitive to changes in price compared to other passengers.
Business travelers often have specific travel needs and schedules that are less flexible, making them less responsive to changes in ticket prices. They may have time-sensitive meetings or obligations that require them to travel on specific dates and times, regardless of the fare.
On the other hand, leisure travelers or tourists typically have more flexibility in their travel plans and can adjust their schedules based on price fluctuations. Their demand tends to be more elastic, as they can choose to travel during off-peak times or select alternative destinations if fares are too high.
Therefore, it is incorrect to say that business travelers pay lower fares because their demand is more elastic. In fact, they may often pay higher fares due to their less elastic demand.
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Related Questions
Which savings account will earn you the most money? One that compounds interest daily. One that compounds interest monthly. One that earns simple interest daily. One that earns simple interest monthly.
Answers
Hi There!!
I think the best answer is:
C). One that earns simple interest daily.
Because, Simple interest isn't as big as compound interest, and having it monthly means less spending.
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the current spot exchange rate is huf262/$1.00. long-run inflation in hungary is estimated at 10 percent annually and 3 percent in the united states. if ppp is expected to hold between the two countries, what spot exchange rate should one forecast five years into the future?
Answers
Based on the given information, we can use the concept of purchasing power parity (PPP) to forecast the future spot exchange rate between Hungary and the United States. PPP states that the exchange rate between two countries should adjust to reflect the price levels in each country, so that goods and services have the same real value in both countries.
Assuming that PPP holds between Hungary and the United States, we can use the inflation rates in each country to estimate the expected future exchange rate. Specifically, we can use the formula:
Future Spot Exchange Rate = Current Spot Exchange Rate x (1 + Expected Inflation in Hungary) / (1 + Expected Inflation in the United States)
Plugging in the given values, we get:
Future Spot Exchange Rate = HUF 262/$1.00 x (1 + 10%)^5 / (1 + 3%)^5
Future Spot Exchange Rate = HUF 437.09/$1.00
Therefore, based on the assumption that PPP holds and using the given inflation rates, we can forecast that the spot exchange rate between Hungary and the United States will be HUF 437.09/$1.00 five years into the future.
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In computing the GDP, why is it import spending subtracted from the sum of consumption, investment, government purchases and export spending?
-Economics
Answers
Import spending is subtracted from the sum of consumption, investment, government purchases and export spending in the calculation of GDP because import represents spending on goods and services that are not produced in that economy.
Gross domestic product is the total sum of goods and services produced in a particular economy in a given period. One of the ways that can be used to determine the value of GDP is the expenditure approach.
The expenditure approach to determine GDP = Consumption + investment + government purchases + ( export - import).
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How did speculation and margin buying cause stock prices to rise?
Answers
Speculation and margin buying cause stock prices to rise Because of margin buying, investors stood to lose large sums of money if the market turned down, or failed to advance quickly enough.
shares are a kind of safety that offers stockholders a share of ownership in a business enterprise. stocks are also called “equities. “An inventory is a well-known time period used to explain the ownership certificates of any organization. A percent, alternatively, refers to the inventory certificates of a particular enterprise. keeping a selected company's share makes you a shareholder. Description: shares are of kinds—common and desired.
Inventory is a type of investment in a company. organizations problem inventory shares to elevate money that allows you to finance operational dreams and to gasoline growth, and traders buy the one's inventory shares for the opportunity to generate a pass lower back on their investment. A percentage is an economic device that represents the aspect of ownership of an enterprise. A stock is a financial tool that represents element possession in one or greater establishments.
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Does anybody know xxalvinaa
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As a teenaged worker, which of these is your responsibility? A) ask questions about potentially dangerous equipment B) make sure young workers are trained properly C) teach workers to recognize hazards D) know the law about working limits for teens
Answers
Answer:
D). Know the law about working limits for teens.
Explanation:
One of the key responsibilities of a teenaged worker is to be aware of workplace safety which includes information about safe work practices and their legal rights as a worker. They need to 'know about the laws regarding the work limits for teens' as this information assists teenagers in having positive job experiences and reduce the chances of being exploited. This helps in protecting teens from being involved in any kind of hazardous work, harassment, or exploitation. The employers too are instructed to implement these laws to ensure a positive work environment for the youth. Thus, option D is the correct answer.
The history of bananas
Using at least two terms from the unit, summarize the United States’ connection to the history of bananas, as documented in this TED talk.
Answers
There was a U.S corporation called El Pupo that specialized in trafficking bananas. Bananas fist officially reached America in the early 1500’s. By the end of the 1800’s, bananas were a big hit in the U.S.
How was bananas shoot introduced to the US for cultivation?Spanish explorers brought bananas to the Americas in the 1500s. The first banana shoot is thought to have been planted in the Caribbean islands in 1516. Bananas did not arrive in the United States until the 1800s, when sailors brought banana shoots back from the Caribbean.
Because fruit companies in the United States wanted to grow their own bananas, they bribed government officials to gain access to various lands. Rainforests were cleared, plantations were constructed, and the business grew from there.
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A person can increase their net worth directly by: increasing assets increasing liabilities increasing income lowering expenses
Answers
A person can increase their net worth directly by: increasing assets and increasing income, as well as by lowering expenses.
Increasing assets: By acquiring assets such as real estate, investments, or business ownership, individuals can increase their net worth. As the value of their assets appreciates over time, their net worth also grows.
Increasing income: Earning a higher income through salary raises, promotions, or additional sources of income can directly contribute to an increase in net worth. By saving and investing a portion of their income, individuals can further enhance their net worth.
Lowering expenses: By reducing expenses and living within their means, individuals can allocate more of their income towards savings and investments. This disciplined approach helps increase net worth by preserving and growing their financial resources.
It's important to note that increasing liabilities, such as accumulating excessive debt, does not directly increase net worth. Liabilities represent financial obligations and reduce net worth when deducted from assets.
In summary, individuals can directly increase their net worth by increasing their assets and income, as well as by lowering their expenses. This combination of strategies helps build wealth over time and improves overall financial well-being.
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How does an increase in the minimum wage affect the economy?
Thank you
Answers
Trigger price inflation, hurt exports, and reduce the level of employment.
Wages that are too low, by contrast, constrain domestic household consumption.
Explain why the credit industry wants you to believe that you need a credit score
Answers
Answer:
Because the credit industry gains a profit from it's users. Credit is a tool, and if used wisely can be beneficial for many people who don't have enough cash to pay for things. Having "good" credit score means that it's easier for you to receive a loan.
Let understand that Credit score refers the score which tells about a consumer's creditworthiness.
In practice, the higher the credit score of an individual, the higher the rate of repayment of credit gotten.
The Credit scoring is used the lenders to help them decide whether to borrow, extend or deny credit.
Therefore, the credit industry wants one to believe you need credit score because its helps them to ascertain your creditworthiness.
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an investor wants to analyze the earnings of a mutual fund account. three years ago, the value of the account was $22,000 and it is now worth $27,500 (no additional deposits were made). if the account is compared to a bank account paying interest that is compounded continuously, what interest rate would the bank account have to pay to match the mutual fund accounts earnings?
Answers
The interest rate that the bank account has to pay to match the mutual fund accounts earnings is 3.19%
What are interest rates?The amount that the lender charges the borrower above and beyond the principal amount is known as the interest rate. Regarding the economy, a person who deposits money in a bank or other financial institution also makes extra money due to the time worth of money, which is known as interest earned by the depositor.
Depending on the purpose and recipient of the funds, interest rates on loans and deposits may vary. In order to ensure efficient trade practises and sound monetary management in the economy, borrowing has become commonplace. To support corporate expansion, the borrowing process has also been loosened.
Borrowings not only help with financial difficulties, but they also aid the borrower in better financial planning.
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What accounts equal salary expense?
A. Employee income tax payable, social security tax payable, Medicare tax payable, health insurance premiums payable, retirement benefits payable, cash.
B. Employee income tax payable, social security tax payable, Medicare tax payable.
C. Social security tax payable, Medicare tax payable, retirement benefits, payable, cash.
D. Medicare tax payable, health insurance premiums payable
Answers
Define market structure
Answers
Answer:
Market Structure in economics, depicts how firms are differentiated and categorised based on types of goods they sell and how their operations are affected by external factors and elements. Market structure makes it easier to understand the characteristics of diverse markets.
The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?
Answers
Answer:
Explanation:
In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.
The effective management of human resources in a firm to gain a competitive advantage in the marketplace requires?
Answers
The effective management of human resources in a firm to gain a competitive advantage in the marketplace requires timely and accurate information on current employees and potential employees in the labor market.
Competitive advantage simply means positioning your company ahead of other companies in order to achieve superiority in quality, low cost, value or innovation.
Regardless of what it means to a company, it may be the single factor to attaining success and business sustainability.
Human resources can provide insight into the going market rates for talent and what it might take to get high-quality employees on board.
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if a company needs capital and wants to issue new stock but the current stock price is undervalued, the company can use convertibles to sell stock at a predetermined price.
Answers
Convertible securities are a popular tool for companies to raise capital without diluting the value of their existing shares.
Convertible securities allow investors to buy shares at a fixed price, but they also have the option to convert those shares into a predetermined number of the company's common shares. This flexibility allows investors to benefit from the upside potential of the company's stock while also providing downside protection.
If a company needs to raise capital but believes that its current stock price is undervalued, issuing convertibles can be an attractive option. By setting a fixed price for the convertible securities, the company can raise capital without selling its existing shares at a lower price. Additionally, if the stock price rises above the predetermined price, investors can convert their securities into common shares and benefit from the higher value.
Overall, convertible securities provide companies with a flexible way to raise capital while also providing investors with attractive risk-reward characteristics. However, companies must carefully consider the terms of the securities and the impact on existing shareholders before issuing convertibles.
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Marianne was a computer programmer making almost $170,000 a year at a rate of $80 an hour for Big Tech. Ginger, her boss, demanded that she work 100 hours of overtime over the next month until a large project was complete. Marianne believes she is entitled to 100 hours of overtime pay. Under the Fair Labor Standards Act, how much overtime pay is she entitled to
Answers
Under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.
What is the overtime rate under the Fair Labor Standards Act?Under the Fair Labor Standards Act, the overtime rate is a time and a half.
Data and Calculations:Annual salary = $170,000
Rate per hour = $80
Overtime rate per hour = $120 ($80 x 1.5)
Overtime hours = 100 hours
Overtime pay = $12,000 (100 x $80 x 1.5)
Thus, under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Janelle owns a business within the hospitality and tourism industry and recently let an employee go because the employee’s lack of productivity was beginning to negatively impact the company’s profit margin. Provide a description of what this employee’s lack of productivity may have looked like and analyze potential ways that it could have impacted the profit margin. Feel free to fabricate or create a hypothetical situation.
Answers
The employee must have lacked good relationship skills with customers and clients, thereby leading to reduction in patronage.
How poor communication and relations affect patronageThe employee that was let go was one that had difficulty getting the requests and the need of the Clients. She was sometimes rude to the customers as well.
The effect that this had on the business was massive due to the fact that the customers had to stop patronage for a while after they had laid series of complaints.
Hence the need to let the employee go so as to get a worker that is more productive and job ready for the position.
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The owner of a one-acre parcel of land with a small house on it rented the property to a professor of a nearby college at a monthly rental of $500. Several years later, after the professor got tenure, the parties orally agreed that the professor would purchase the property from the owner for the sum of $60,000, payable at the rate of $500 a month for 10 years. They agreed that the owner would give the professor a deed to the property after five years had passed and $30,000 had been paid toward the purchase price, and that the professor would execute a note secured by a mortgage for the balance. The professor continued in possession of the property and made all monthly payments in a timely fashion. When he had paid $30,000, he tendered a proper note and mortgage to the property owner and demanded that she deliver the deed as agreed. The owner refused because valuable minerals had been discovered on adjacent parcels in recent months, causing the value of this parcel of land to increase to 10 times its former value. The professor brought suit against the property owner for specific performance. If the court rules in favor of the property owner, what is the likely reason
Answers
Answer: See explanation
Explanation:
Based on the information that were provided in the question, in a situation whereby the court rules in favor of the property owner, the most likely reason for this will be because the payment of the professor are as consistent just exactly as if they had a landlord-tenant relationship between them even though it was just an oral contract that they both had.
In this case, since the professor met his term of the agreement, then he should be given the property.
On August 31 of the current year, Pine Corp. issued 100,000 shares of its $20 par value common stock for all of the net assets of SAP, Inc. The collection of assets and liabilities acquired do not meet the definition of a business under ASC 805. The fair value of Pine's common stock on the acquisition date was $63 per share. Pine paid a fee of $164,000 to the consultant who arranged this acquisition. Costs of registering and issuing the equity securities amounted to $89,000. What amount should Pine record in total for the net assets acquired?
Answers
The amount that Pine Corp. should record for the net assets acquired is $6,300,000.
How much should Pine Corp. record?The amount that should be recorded as the total for net assets acquired, is the fair value of the shares sold to finance the purchase.
In this case that is:
= 100,000 shares x 63 per share
= $6,300,000
In conclusion, $6,300,000 should be recorded.
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During design competition,
a. a new dominant design prevents a company from competitively selling its products or makes it difficult to do so
b. the patterns of innovation over time create sustainable competitive advantage
c. a scientific advance of existing technologies creates a significant breakthrough in performance or function
d. an older technology usually improves significantly in response to the competitive threat from the new technologies
Answers
b. the patterns of innovation over time create sustainable competitive advantage.
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
which color is considered warm and feminine in the netherlands, but cold and masculine in sweden?
Answers
Pink is considered a warm and feminine color in the Netherlands but cold and masculine in Sweden.
In the Netherlands, pink is considered a warm and feminine color. It is often associated with femininity, love, and compassion. It is a color that is commonly used in advertising, especially for products marketed toward women, such as cosmetics, clothing, and accessories. However, in Sweden, pink is often considered to be a cold and masculine color. This is due to the fact that it is associated with winter and ice. It is a color that is often used in advertising for products that are marketed toward men, such as cars and sports equipment. In Sweden, blue is often considered to be a warm and feminine color. This is due to the fact that it is associated with the sea, which is a warm and inviting place. It is also a color that is commonly used in advertising for products marketed toward women. In conclusion, it is important to note that cultural differences can greatly affect the way colors are perceived in different countries.
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Something that is
is able to be touched.
prestigious
relatable
tangible
a goal
Answers
Answer:
Tangible
Explanation:
Something that is tangible is able to be touched.
Why do you think people start their business? EXPLAIN
Answers
Answer:
People start their own businesses for a variety of reasons. Some people may be looking to take control of their professional lives and create a career path that is tailored to their individual goals. Others may have an idea that they believe could be successful and have the entrepreneurial drive to make it happen. Starting a business can also provide an opportunity to make a living while doing something that you are passionate about. Additionally, many people start businesses in order to create a financial legacy and provide for their families. Ultimately, the reasons for starting a business vary from person to person but often involve a combination of professional, financial, and personal goals.
Explanation:
Answer-people should start their own business it has many reasons.
I think it is more flexible because we can work in our own hours and we can spend more times without family and friends and we can do whatever with think we don't need to work under someone else and we can make rules what we want there is no need to work under someone else and there will be no boundation of timings like this I think there's a lot of reason and profit to start our own business instead of working under someone others business so I think it will be a great plan to start our own business it will be more profitable.
Thank you
that's all.
An organization uses a database and application development tools through a cloud provider's _____ services.
Answers
An organization uses a database and application development tools through a cloud provider's PaaS services.
What is the significance of PaaS service?PaaS stands for Platform as a service. Platform as a service a complete development and deployment environment in the cloud.
Platform as a service consist of resources that enable the organizations to deliver everything from simple cloud-based apps to the sophisticated, cloud-enabled enterprise applications.
Basicaly, PaaS is use to create business applications much more quickly than with on-site solutions.
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name two methods used to measure inequality of income in a country
Answers
The most commonly used inequality measure are the Gini coefficient ( based on Lorenz curve ) and the percentile or share ratios. This measures try to capture overall dispersion of income; how were they tend to people different leavles of importantance on the bottom middle and top end of distribution .
I hope it is helpful for you .
Which of the following groups must agree in order to implement fiscal policy?
Group of answer choices
the legislative branch, executive branch, and Federal Reserve
the Senate, House of Representatives, and Federal Reserve
the legislative branch, executive branch, and judicial branch
the Senate, House of Representatives, and executive branch
Answers
To implement fiscal policy, the following groups must agree the legislative branch, executive branch, and judicial branch. The correct option is option c) the legislative branch, executive branch, and judicial branch. Fiscal policy refers to the use of government spending and taxation to influence the economy.
It is the responsibility of the legislative branch, specifically the House of Representatives and the Senate, to pass legislation related to fiscal policy. Once the legislation is passed, it is the responsibility of the executive branch, led by the President, to implement it. However, the judicial branch also plays a role in the implementation of fiscal policy by interpreting laws and ensuring that they are in line with the Constitution.
Additionally, the Federal Reserve can influence the economy through monetary policy but does not have a direct role in implementing fiscal policy. Therefore, the group that must agree in order to implement fiscal policy is the legislative branch, executive branch, and judicial branch.
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ANSWER ASAP PLEASE Which statement describes a way to use credit responsibly?
paying attention to the APR
and not the
APY
paying only the minimum payment each month
opening several different credit accounts
o understanding the account's interest rate
Answers
Answer:
understanding the interest rate
Explanation:
i took the test