The optimal method for procuring a modest number of standardized inputs that are sold by many firms in the marketplace is through competitive bidding.
This allows the procurement team to solicit bids from multiple suppliers, compare the offers and negotiate the best possible price and terms.
It is important to establish clear specifications for the inputs and to ensure that all potential suppliers have an equal opportunity to bid. Additionally, it is important to establish a strong relationship with the chosen supplier to ensure continuity of supply and a reliable source of inputs. Overall, competitive bidding offers a fair and transparent process for procuring standardized inputs at a reasonable cost.
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According to the video, what tasks do Librarians perform? Check all that apply.
A. supervising staff
B. writing stories
C. coordinating storytelling sessions
D. speaking at public events
E. dealing with angry customers
F. classifying materials
Answer: C and F
Explanation:
Answer:
Its I believe a,c, and f
Explanation:
your welcome
If a business decides to act outside of the prevailing ethical norms of that community: 1) It risks damage to its reputation and ill will. 2) There really is no risk to businesses since the community really needs the business to survive. 3) It only has to worry about the legal implications of its actions. 4) It takes the chance the law will impose fines against it. 5) There should be no concerns because the business can move to another community if it needs to.
If a business decides to act outside of the prevailing ethical norms of that community: 1) It risks damage to its reputation and ill will. Option 1 is correct.
What is meant by ethical norm?Ethical norms establish the stage for a cogent working environment that contains justice, honesty, impartiality, and responsibility by providing guidelines for all organizations on how to behave well and avoid engaging in unethical behavior.
Honesty, compassion, and loyalty are among the other moral values that are encouraged by ethical norms. Additionally, moral norms cover rights such as the right to privacy, the right to be free from harm, and the right to life.
Three fundamental principles—respect for people, beneficence, and justice—among those commonly acknowledged in our cultural tradition are particularly important to the ethics of research involving human subjects.
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The presence of a price control in a market for a good or service usually is an indication that.
In the absence of price regulations, officials considered that the price that was in place in that market was unjust to either buyers or sellers.
What is the difference between the buyer and seller?Buyer is the one who buys or purchase the goods and services from the seller, he has to give some amount of money to purchase the commodity
Seller is the one who sells or give the goods and services to the buyer in return for the money.
Thus, In the absence of price regulations, officials
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Jacko Co. is a U.S.-based MNC with net cash inflows of euros and net cash inflows of Sunland francs. These two currencies are highly negatively correlated in their movements against the dollar. Kriner Co. is a U.S.-based MNC that has the same exposure as Jacko Co. in these currencies, except that its Sunland francs represent cash outflows. Which firm has a high exposure to exchange rate risk?
Answer: Kriner Co.
Explanation:
An exchange rate is when the value of the currency of a country is compared with the currency of another country.
From the question, we are informed that Jacko Co. is a U.S.-based MNC with net cash inflows of euros and net cash inflows of Sunland francs and that these two currencies are highly negatively correlated in their movements against the dollar.
We are further told that Kriner Co. is a U.S.-based MNC that has the same exposure as Jacko Co. in these currencies, except that its Sunland francs represent cash outflows.
Based on the information, the firm that has a high exposure to exchange rate risk is Kriner Co.
Answer:
yea
Explanation:
it's b
A country has a trade deficit of $20 billion with its trading partners (
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country increases its imports by $30 billion.
C. The country decreases its exports by $10 billion.
D. The country decreases its imports by $10 billion.
D) The nation reduces its exports by $30 billion, the change would result in a trade deficit the following year for the country that had a trade surplus of $20 billion in one year.
When imports rise faster than exports, a trade deficit occurs. If the country increases its exports by $30 billion, decreases its imports by $10 billion, or increases its imports by $10 billion, it cannot have a trade deficit.
As a result, the country will only experience a trade deficit if its exports decrease by $30 billion while the rest of its exports remain unchanged.
With an example, what is a trade deficit?A country has a trade deficit when its imports exceed its exports over a given time period. A negative balance of trade (BOT) is another name for this situation. There are several ways to determine the balance, including: goods (also called " merchandise”), goods and services, and services and goods.
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Full Question = A country has a trade surplus of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade deficit the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country decreases its imports by $10 billion.
O C. The country increases its imports by $10 billion.
O D. The country decreases its exports by $30 billion.
rocky mountain bottling company produces a soft drink that is sold for a dollar. at production and sales of 1,000,000 units, the company pays $700,000 in production costs, half of which are fixed costs. at that volume, general, selling, and administrative costs amount to $300,000, of which $50,000 are fixed costs. what is the amount of contribution margin per unit?
The difference between the selling price per unit and the variable cost per unit is the contribution margin per unit. In the breakeven analysis, which is also known as the cost-volume-profit analysis.
This is used to calculate the breakeven point.
How is commitment edge determined?
Commitment edge is determined as Income - Variable Expenses. The commitment edge proportion is determined as (Income - Variable Expenses)/Income
What is commitment edge versus gross edge?
Commitment edge considers just the variable expenses of making an item or administration, while gross edge thinks about all immediate expenses of creation.
First, figure out all of the variable costs.
($800,000 x 0.50) plus (250,000 - 70,000) equals $580,000 in variable costs.
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Big Dawg Donuts, LLC is a retail outlet that sells donuts and operates in a perfectly competitive market where there is a total of 10 firms in this market including Big Dawg. The technology for producing donuts is very standard and well known. All the firms in this competitive market use the standard technology so the production and cost conditions are the same as Big Dawg's. Suppose Big Dawg's total cost function is given by: C(q)=25+0.25q+0.00125q^2 a. Calculate Big Dawg's optimal output level and profits if the daily market inverse demand for donuts is stable and given by: P=1.5−0.000375Q b. What do you expect to happen in this market in the future? c. If Big Dawg is typical of the firms in this industry (same as the other 9), calculate the longrun equilibrium output, price and profit level that will ultimately prevail in this market.
In the long run, the market reaches an equilibrium with around 309.01 units of donuts produced and a price of approximately $1.38013. At this point, all firms in the industry earn zero economic profits.
a. To find Big Dawg's optimal output level and profits, we need to determine the quantity at which marginal cost equals marginal revenue.
First, we need to derive the marginal cost function by differentiating the total cost function with respect to quantity (q):
MC(q) = dC(q)/dq = 0.25 + 0.0025q
Next, we set the marginal cost equal to the marginal revenue (MR) derived from the inverse demand function:
MC(q) = MR = P
Substituting the inverse demand function P = 1.5 - 0.000375Q, we get:
0.25 + 0.0025q = 1.5 - 0.000375Q
Simplifying the equation, we have:
0.002875Q = 1.25 - 0.0025q
Rearranging, we get:
0.002875Q + 0.0025q = 1.25
Combining like terms:
0.005375Q = 1.25
Solving for Q, we find:
Q = 232.56
Now we can substitute this quantity back into the inverse demand function to find the corresponding price:
P = 1.5 - 0.000375(232.56)
P = 1.41912
Therefore, Big Dawg's optimal output level is approximately 232.56 units of donuts, and the corresponding price is approximately $1.41912. To calculate profits, we subtract total costs from total revenue:
Profit = (P - MC(q)) * q - C(q)
Profit = (1.41912 - (0.25 + 0.0025 * 232.56)) * 232.56 - (25 + 0.25 * 232.56 + 0.00125 * 232.56^2)
b. In the future, if the market conditions remain stable and the technology remains the same, we can expect the market to continue operating in a perfectly competitive manner. New firms may enter or exit the market based on the profit potential, but the overall structure and conditions are likely to remain similar.
c. In the long run, in a perfectly competitive market, firms will adjust their output levels until economic profits are driven to zero. Since Big Dawg is a typical firm, we can calculate the long-run equilibrium output, price, and profit level that will prevail in the market.
In the long run, all firms in the market will produce at the minimum average total cost (AC) to maximize efficiency. In perfect competition, the price (P) will equal the minimum average total cost (AC).
To find the long-run equilibrium output, we set P = AC:
1.5 - 0.000375Q = 25/Q + 0.25 + 0.00125Q
Simplifying the equation, we have:
0.002625Q^2 - 0.000375Q - 1.25 = 0
Solving this quadratic equation, we find:
Q = 309.01
Substituting this quantity back into the inverse demand function, we get the long-run equilibrium price:
P = 1.5 - 0.000375(309.01)
P = 1.38013
Therefore, in the long-run equilibrium, the market will settle at an output level of approximately 309.01 units of donuts, with a price of approximately $1.38013. At this equilibrium, economic profits will be driven to zero for all firms in the industry.
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As the demand for goods and services decreases, job growth
a increases
b. decreases
C. remains the same
d. none of the above
Please select the best answer from the choices provided
A
B
С
D
Answer:
As the demand for goods and services decreases, job growth
C. remains the same
As the demand for goods and services decreases, job growth decrease. Thus, the correct option is B). decreases.
What will be the result of increased demand over the job growth?If the demand for a firm's output increases, then the firm will demand more labor as production will also increase, thus the job growth will increase.
If the demand of the goods and services decreases, then the production will decrease and the job growth will also decrease.
Hence, as the demand for the goods and services increases, the demand for labor will increase, the demand curve will shift to the right,
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how could you integrate new media into the promotional mix you settled upon by the end of the simulation?
Promotion strategy.
A promotion strategy can be defined as plan and tactics you use in the marketing plan to enhance the demand for your product or service.
What is promotion strategy?A promotion strategy is a concrete plan for influencing people about your company, generating more leads, and increasing customer engagement. It depicts how to carry out your marketing strategy and communication, who you should target as your audience, and where and when you should carry out your promotion plan.Traditional and online advertising, personal selling, direct marketing, public relations, sponsorships, and sales promotions are all examples of promotional strategies.Maintaining accounts that provide interesting content and interact with followers is a simple and inexpensive way to promote a business. Many social media platforms enable extremely targeted advertising. It's a good way to get a company in front of customers who fit the target demographic.To learn more about promotion strategy refer to :
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Examine the supply and demand schedules for cell phones. How much would
a seller charge if he or she wanted to sell cell phones for their equilibrium
price
Answer: $400
Explanation:
Which expense is a direct cost in the product costing of a fabric manufacturer?
Α.cost of cotton
B.electricity
C.water supply
D.salaries of employees
Answer:
A and D
Explanation:
Direct expenses are operational expense that can be straightforwardly applied to creating a particular expense object, similar to a decent or administration. Cost objects are things that expenses are allotted to. Instances of direct expenses incorporate direct work, direct materials, and assembling supplies.
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kray incorporated, which produces a single product, has provided the following data for its most recent month of operations: number of units produced 3,200 variable costs per unit: direct materials $ 40 direct labor $ 25 variable manufacturing overhead $ 14 variable selling and administrative expense $ 5 fixed costs: fixed manufacturing overhead $256,000 fixed selling and administrative expense $259,200 there were no beginning or ending inventories. the variable costing unit product cost was:
The variable costing with the unit product cost, we need to add up all this variable costs per unit. The variable costing unit for the product cost for Kray Incorporated is $84.
Direct materials: $40
Direct labor: $25
Variable manufacturing overhead: $14
Variable selling and administrative expense: $5
variable cost :
$40 + $25 + $14 + $5 = $84
The total variable costs for 3,200 units are:
3,200 units x $84 per unit = $268,800
The total fixed costs are:
Fixed manufacturing overhead: $256,000
Fixed selling and administrative expense: $259,200
Total fixed costs: $256,000 + $259,200 = $515,200
To calculate the variable costing unit product cost, we need to divide the total variable costs by the number of units produced:
$268,800 total variable costs ÷ 3,200 units produced
= $84 variable costing unit product cost.
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1. Which of the following is an impact of increase in income tax of an individual?
A. Rise in disposable income
B. Increase in the ability to invest
C. Increase in the level of savings
D. Decrease in the purchasing power
Answer:
A
Explanation:
the answer is a because you get more free money with your income taxes therefore making more money that you can use on personal things
Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies, to
whom is the carrier liable?
O It is liable to Sarah's enterprise, her sole proprietorship.
O It is liable to the third party, the buyer.
O It is liable to Sarah, the principal
O Both the first and second answers only.
If a puppy dies, then the airline carrier is liable. The transportation provider is in charge of providing accommodations for the animals while on a trip.
The airline carrier is liable for the puppy's death. Since the airline carrier did not maintain the proper temperature in the cargo space, which they were supposed to do, they are the ones who are responsible for the death of the puppy.
Sarah, as the seller, is not liable as she fulfilled her responsibility by selling a healthy puppy. The buyer is also not liable for the puppy's death as they were not responsible for the transportation of the puppy. Therefore, the airline carrier is the party responsible for the puppy's death.
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Probably the full options are:
The airline carrier is liable.The buyer is liable.A portfolio with a level of systematic risk that is the same as that of the market has a beta that is:.
A portfolio with a level of systematic risk that is the same as that of the market has a beta of 1.
This means that the portfolio's return is expected to move in line with the overall market, with a corresponding level of risk. If the market goes up by 1%, the portfolio is expected to go up by 1%, and vice versa. Beta is a measure of a portfolio's volatility in relation to the market, and a beta of 1 indicates that the portfolio has the same volatility as the market. A portfolio with a beta greater than 1 is considered to be more volatile than the market, while a beta less than 1 indicates that the portfolio is less volatile than the market. Understanding a portfolio's beta is important for investors, as it can help them assess the risk associated with the portfolio and make informed investment decisions.
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suppose there are 11 buyers and 11 sellers, each willing to buy or sell one unit of a good, with values {$14, $13, $12, $11, $10, $9, $8, $7, $6, $5, $4,}. assume no transaction costs and a competitive market. now suppose competition among several market makers forces the spread down to $4. how many goods are traded?
The market maker's profit/bid-ask margin is $9.
Explanation:
According to the question, the goal is to identify the bid-ask spread per unit for a market maker that maximises profit. The demand supply schedule of the number of units purchased and sold must be calculated in order to accomplish that; it is displayed in the table below.
But because the two transactions are taking place at the same time, 11 people are taking part in the purchasing and selling of goods.
However, the greatest even number of participants in this trade is only 10.
So; for the individual having a higher value for the product will be able to afford it and which are those that falls into the range of $14,$13,$12,$11,$10,$9 can put bid for the good.
On the other hand, the person who values the item less will sell it; these are the people who fall into the $4,$5,$6,$7,$8,$9 range and would like to sell it for the item's asking price.
We recognise that in this trend, the person who values the good at $9 won't be able to participate because he appears on both trends; on the demand side, he has the lowest willingness to pay, and on the seller's side, he has the highest value for the good; and the equilibrium price in this market is $9 because at this price, he has the highest value for the good.
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Describe a time at work or school when you benefitted from planning or encountered a major pitfall after planning. 2. Write a S.M.A.R.T. goal that you can achieve within the next six months. 3. Write a plan for reaching your academic goal. 4. Are proximal goals or distal goals more effective for you? Explain. 5. How can a national restaurant chain build flexibility into its plans?
Planning is crucial for success in both work and school settings. One time I benefited from planning was when I had to prepare for a big presentation at work.
Proximal goals, which are short-term and immediate, tend to be more effective for me. These goals provide a clear sense of direction and allow for continuous progress and feedback. A national restaurant chain can build flexibility into its plans by adopting a few strategies. Firstly, they can implement a modular menu system, allowing for easy addition or removal of dishes based on customer preferences and market trends.
In conclusion, planning is vital in both work and school contexts, leading to positive outcomes when done effectively. Setting S.M.A.R.T. goals with a clear plan and consistent effort can help achieve academic objectives. For me, proximal goals provide more effectiveness as they offer a sense of progress and manageability.
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What phrase describes businesses who develop a positive relationship to
society
Employee benefits ______. a. decrease total employment compensation b. increase total employment compensation c. decrease net pay d. increase net pay Please select the best answer from the choices provided A B C D
Employee benefits increase total employment compensation. The Employees' Provident Fund, the Employees' State Insurance Scheme, statutory leaves, gratuities, and maternity leave are examples of statutory benefits.
Common employee benefits include a vehicle or mobility allowance, subsidized or free meals, and internet and cell phone bill reimbursement. Medical, disability, and life insurance, retirement benefits, paid time off, and fringe benefits are the most frequently offered perks. Benefits can be quite compensation worthwhile. The four basic types of employee benefits that many companies offer are medical insurance, life insurance, disability insurance, and retirement programs. Below, we've included a simple definition for each of these categories of employee perks.
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In this assignment, I would like for you to critically explain the importance and practical applications/implications of ‘Time Value of Money.’ How can it be applied to your personal financial decisions and how can firms use it to make informed strategic investment decisions?
Make sure to include Numerical /computational examples.
Time Value of Money (TVM) is an important concept for individuals, businesses, and institutions to understand when making financial decisions. TVM states that money today is worth more than the same amount of money in the future, due to factors such as interest rates and inflation.
For individuals, TVM can be used to make informed investment decisions. For example, if you have 10,000 to invest, you could choose to invest it in a savings account that earns 1% interest or an investment that earns 5% interest. Over 10 years, your money would grow to 11,047 in the savings account, but to 16,386 in the investment account.
Similarly, businesses can use TVM to determine the value of future cash flows and make informed investment decisions. For example, a business that is considering investing 1,000,000 in a new project can use TVM to determine that the project's net present value is 876,089 at a 5% discount rate. This means that the investment is expected to earn the company a return of 12.39%.
Overall, TVM is a valuable tool for individuals and businesses to understand and use when making financial decisions. By understanding the concept of TVM, you can make more informed choices about how to invest your money and grow your wealth.
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discuss the reason why the technology of chip manufacturing may soon drive the industry to the status of a natural monopoly, and cite evidence from the article that supports the claim that the industry is moving toward a single producer.
Natural monopoly: it’s a type of monopoly that rules in the economy due to economies of scale or high start-up costs. When this firm enjoys these benefits; then they are tagged as a natural monopoly. ATC of natural monopoly: as the firm in natural monopoly enjoys economies of scale, so its ATC is falling.
MC is always below ATC. So if it expands its output then continuously its price falls. When there is cheap technology in the chip manufacturing sector, then its cost of materials will fall. So it will enjoy the status of a natural monopoly.
Economics specializes in the behavior and interactions of financial retailers and how economies paint. Microeconomics analyzes what is viewed as basic factors inside the economy, along with individual agents and markets, their interactions, and the results of interactions. character agents might also include, as an example, households, companies, consumers, and dealers. Macroeconomics analyzes the economy as a gadget in which manufacturing, consumption, saving, and investment have interaction, and elements affecting it: employment of the assets of labour, capital, and land, forex inflation, financial growth, and public policies which have impact on these factors.
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Which phase of the business cycle would have a falling unemployment rate, meaning more jobs are becoming available?
Contraction
Expansion
Peak
Trough
The expansion phase of the business cycle can be defined as the phase where there would be falling unemployment rate, meaning more jobs are becoming available.
What is the business cycle?This is the term that is used to refer to the periods of business expansions , recoveries and recessions that are seen in a given economy. The business cycle is used to show the decreases and the increases in the economy.
The period of a decrease in unemployment is an expansion period that shows that the economy is about to experience recoveries.
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Answer:
Expansion
Explanation:
I'm taking the test so.
1. How would you describe consumer preferences in the U.S.
today?
2. Are there products you believe will become obsolete in the next
10 years?
1. Consumer preferences in the U.S. today can be described as being influenced by a variety of factors including quality, convenience, brand name, and price. With the rise of e-commerce, consumers are increasingly turning to online shopping for their purchases and are looking for fast and free shipping options.
Health and wellness have also become important factors in consumer decision-making, leading to a shift towards organic and natural products. Additionally, sustainability has become a key consideration for many consumers, with an increasing demand for eco-friendly and socially responsible products.
2. Yes, there are several products that are likely to become obsolete in the next 10 years. One example is traditional cable television, as more consumers are turning to streaming services like Netflix and Hulu. In addition, physical media like DVDs and CDs are also becoming less popular as digital downloads and streaming take over.
Another product that may become obsolete is traditional gasoline-powered cars, as the trend towards electric vehicles continues to grow.
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when using the chi-square hypothesis test and observed frequencies are relatively close to the expected frequencies, which of the following statements is true
When using the chi-square hypothesis test and observed frequencies are relatively close to the expected frequencies, the following statement is true: The data does not provide sufficient evidence to reject the null hypothesis, suggesting that there is no significant difference between the observed and expected frequencies.
In the chi-square hypothesis test, the expected frequencies are calculated based on the null hypothesis, which assumes that there is no significant difference between the observed and expected frequencies. The test compares the observed frequencies (actual data) to the expected frequencies to determine if there is a statistically significant difference. If the observed frequencies are close to the expected frequencies, it indicates that the data aligns well with the null hypothesis. This implies that any differences between the observed and expected frequencies are likely due to random chance or sampling variability rather than a meaningful deviation.
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The top five cities where venture capitalists are investing their money represent 10% of the global total.
True
False
it is false statement that the top five cities where venture capitalists are investing their money represent 10% of the global total.
What is a Venture capital?
This refers to the managerial expertise provided by investors to startup firms with long-term growth potential.
However, it is false that the top five cities where venture capitalists are investing their money represent 10% of the global total.
Therefore, the statement is a false statement.
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which app would help consumers fulfill their need to accomplish
One app that can help consumers fulfill their needs is "TaskRabbit." It allows users to hire skilled individuals for various tasks, such as home repairs, cleaning, and deliveries, enabling them to accomplish their goals efficiently.
TaskRabbit is an on-demand service platform that connects consumers with "Taskers" who can assist them with a wide range of tasks. Whether someone needs help assembling furniture, organizing their home, or even running errands, TaskRabbit provides a convenient solution. The app allows users to browse through available Taskers, view their profiles and ratings, and hire them for specific tasks. This enables consumers to save time and effort by outsourcing tasks to skilled professionals. TaskRabbit offers a seamless way for consumers to accomplish their goals and make their lives easier by leveraging the skills and services of others.
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The fallacy of composition involves assuming that: a. you can determine the composition of a complex product just by examining its exterior properties. b. what was true when a person was young will still be true today. c. any mistakes made in producing a product using an assembly line technique will lead to a compounding of errors as the product moves down the line. d. what is true for any individual component in a group is true for the group as a whole. e. consumer durable goods today do not last as long as they did a generation ago.
Answer:
d. what is true for any individual component in a group is true for the group as a whole.
Explanation:
Fallacy can be defined as a mistaken or false belief that are based on illogical arguments or reasoning.
However, a lot of people might actually think it to be true but it isn't. There are various types of fallacy and these include; black or white, non sequitur, ad hominem, bandwagon, appeal to authority, straw man, fallacy of composition, and oversimplification or hasty generalization.
Fallacy of composition can be defined as the error of assuming that what is true of an audience is true for the group of people as a whole.
Hence, the fallacy of composition involves assuming that what is true for any individual component in a group is true for the group as a whole.
Use the table to answer the question.
Consumption
$2,000
Investment
$1,000
Government Spending $1,000
Imports
$500
Exports
$600
The market value for each type of expenditure is given for a hypothetical country in the table above. Calculate the gross domestic product of this country
(1 point)
o $3,900
O $5,100
O $4,100
o $4,000
Sarah grows rosebushes that she decided to sell online. She ships them using an airline. If a rosebush dies, to whom is the carrier liable?
It is liable to both the principal and the buyer.
It is only liable to Sarah, the principal.
It is only liable to the buyer.
It has no liability.
If the rosebush dies while in transit, the carrier will be liable to Sarah, the principal.
Who is the carrier liable to?The carrier will be liable to the person that it engaged in a business transaction to ship goods to another person.In other words, the carrier will be liable to Sarah because it was Sarah that they got into business with. Sarah will then be liable to the buyer for the death of the rosebush.
In conclusion, option B is correct.
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Answer:
The answer is B
Explanation:
Got it right on edge.
1. Problem solving and critical thinking are defined as
A. The process of finding solutions using myths.
3. Determining the quality of our beliefs,
C. The ability to use facts, knowledge and data to successfully solve problems
D. Assessing the practical impact of our beliefs,
Answer:
I believe it's C
Explanation:
It might not be, so I would wait till someone else gives you a answer just in case!!