Answers
Answer: Contribution Margin will DECREASE
Breakeven point will INCREASE
Explanation:
Contribution margin = Sales - Variable costs
The Contribution margin is calculated by subtracting the Variable costs from sales. If the Variable costs increase therefore, the contribution margin will decrease.
Breakeven = Fixed Assets / Contribution margin per unit
The Breakeven point can be calculated by dividing the Fixed Assets by the contribution margin per unit. As we saw from above, the Contribution margin has decreased and now the Fixed assets have increased as well. This will lead to a situation where the Numerator increases and the denominator decreases. The Breakeven point will therefore increase.
Related Questions
Lisa, a supervisor at a manufacturing facility, suspects that one of her subordinates may be under the influence of drugs or alcohol. Which one of the following, if true, would lead Lisa to this conclusion?
Answers
If Lisa suspects that one of her subordinates is under the influence of drugs or alcohol, she should approach the situation with sensitivity and professionalism.
If Lisa suspects that one of her subordinates may be under the influence of drugs or alcohol, there could be several signs or symptoms that may lead her to this conclusion. One possible indicator is a change in behavior or attitude. For example, if the subordinate has become increasingly moody, agitated, or withdrawn, this could be a sign that they are struggling with substance abuse. Another possible sign could be a decline in job performance, such as missing deadlines, making mistakes, or being frequently absent from work. The subordinate may also exhibit physical symptoms, such as bloodshot eyes, slurred speech, or unsteadiness on their feet. Furthermore, Lisa may observe that the subordinate is experiencing financial problems, as drug and alcohol addiction can be costly and may lead individuals to miss work or spend their money on substances rather than other necessities. Lisa may also notice that the subordinate has become more secretive or defensive, particularly when questioned about their behavior or whereabouts. It is important to gather as much information as possible before making any accusations or taking any disciplinary action. She may also consider seeking guidance from the company's human resources department or employee assistance program to ensure that the subordinate receives the help they need to overcome their addiction.
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Tony’s business has been struggling for a while his marketing strategy has not worked with the consumers his business has reached the stage words market value is an all time low Tony plans to sell his business Gavin an entrepreneur has been interested in buying Tony’s business for a while currently Gavin is in an ideal position to buy Tony’s business because it is ___ (fill in the blank)
Answers
Answer:
selling
Explanation:
At a new client meeting, the outside CPA learns the following:
1. The recently fired bookkeeper has been discovered as embezzling over $100,000, but the full amount is not yet quantified. The tax preparer was related to the bookkeeper.
2. There is a foreign entity (China) company and the books and records are not translated. It is unclear as to whether it is owned by the owner or the corporation.
3. The staffing is light and the human resources person is doing the billing and the payroll. There are no management concerns with this person.
4. There is a $1 million line of credit for the company with a major bank.
5. The company uses an add-on to QuickBooks for the time and billing (services company) and QuickBooks for the general ledger.
6. The reimbursement policy is nonconforming to the IRS rules.
7. There are three unrelated owners that are all engineers by training.
As an Outside CPA/Auditor:
I. As the outside CPA, what ethical obligations to you have to the professional for taking an assignment like this? Specifically, what type of work is possible?
II. What threats are posed to the outside CPA?
III. What safeguards can be applied at the outside CPA level?
IV. How should the China business be dealt with?
V. What obligations do you have for the potential tax issues? How would you document or discuss these issues?
As the newly hired CPA/controller for the same company above:
I. If you work to work for the company as the CPA controller, what threats do you see on the onset?
II. What safeguards can you put in place?
III. How would you handle the remaining staff?
IV. If the human resources staff has been working well at the job, then what is the harm of letting the payroll remain with HR?
V. What would you insist be in your employment agreement?
Answers
Answer:
I am a teacher at Ohio college and when I looked at the question I looked like the answer would be 60
Explanation:
I would explain But I want to see if you can figure out why 60 is the answer
True or False: Your personal brand statement will be wording that is unique to you
and that clearly describes your strengths, passions, and who you plan to serve.
True
False
Answers
Answer:
True
Explanation:
Which of the following voice-mail greetings would be best received by
potential employers?
Answers
A voice-mail greeting that would be best received by potential employers should be professional, concise, and clear. It should project a positive and polished image of the individual.
Here's an example of a voice-mail greeting for potential employers:
"Hello, you've reached [Your Name]. Thank you for calling. I am currently unavailable to take your call, but your message is important to me. Please leave your name, contact information, and a brief reason for your call, and I will return your call as soon as possible. Thank you."
This greeting conveys professionalism by using a polite and respectful tone. It assures the caller that their message will be attended to and provides a set of clear instructions for leaving pertinent details. By presenting yourself as organized and responsive, you create a favorable impression on potential employers who may be contacting you regarding job opportunities or interviews.
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You have a credit card bill from ABC Credit for a total of $3,754. Please group the transactions within the appropriate T-Accounts based on the chart of accounts in your resources section. Within that balance the following transactions are listed:
$420 Office Supplies
$334 Auto (company van payment)
$1500 123 Computers to Go
$250 Electric Company
$100 Water
$150 Good Steak House (company luncheon)
$250 ABC Office Supplies
$100 Fuel Stop
$650 Furniture
Answers
Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.
What is Accounting?Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.
T Accounts should be made as follows.
Assets
DR $1500 Computers
DR $650 Furniture
DR $334 Van Payment
Expenses
DR $420 Office Supplies
DR $250 Electric Company
DR $100 Water
DR $250 Office Supplies
Petty Expenses
DR $150 Steak House
DR $100 Fuel Stop
The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.
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The competitive threat that outsiders will enter a market is weaker when
Answers
The competitive threat that outsiders will enter a market is weaker when the incumbents enjoy substantial cost advantages.
The competitive threat that outsiders will enter a market refers to the possibility that new firms will enter a market to compete against existing firms. It is the degree of competition in a market that is determined by the ability of other companies to enter the same market and offer similar goods or services at a lower cost.
There are certain factors that determine the competitive threat of outsiders, these are:Ease of Entry: When the cost of entering a market is low, the threat of new entrants is high and vice versa.Brand loyalty: In markets where consumers are more loyal to the existing brands, the competitive threat of new entrants is weaker.
Patents: In markets where incumbents hold many patents, the competitive threat of new entrants is weaker.Cost advantage: The competitive threat of outsiders is weaker when incumbents enjoy substantial cost advantages.Cost advantage is the answer to your question.
The competitive threat that outsiders will enter a market is weaker when incumbents enjoy substantial cost advantages.
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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
Answers
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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Money, Inc., a calendar year S corporation in Denton, Texas, has two unrelated shareholders, each owning 50% of the stock. Each shareholder recorded a $400,000 stock basis as of January 1. At the beginning of the tax year, Money reports balances in AAA of $300,000 and AEP of $600,000. During the year, Money generates operating income of $100,000. At the end of the year, Money distributes securities worth $1,000,000, with an adjusted basis of $800,000.
a. At the end of the year, before the distribution, each shareholder's basis is $__________
b. After the distribution, each shareholder's basis is $______ .
c. Each shareholder has $____ of dividend income.
Answers
Answer:
See below
Explanation:
a. At the end of the year, before distribution, each shareholder's basis
= $400,000 + $100,000 + $50,000
= $550,000
b. After the distribution, each shareholder's basis is
= $300,000 + $200,000
= $500,000
c. Therefore, each shareholder has
$250,000 worth of dividend income.
Sales 101 teaches you to: Always just answer the question the customer has Never try to get more information about what the customer needs Always answer a question with another question Never look the customer in the eye
Answers
Answer:
I think it's A) Always just answer the question the customer has.
Explanation:
I know it's not D) "Never look the customer in the eye."
I don't think it's C) "Always answer a question with another question" that just seems like it would be confusing for the customer.
And I don't think it's B) "Never try to get more information about what the customer needs" because part of you're job as a salesman is find out what the customer needs.
So that leaves answer choice A
Indicate whether each of the following statements is true or false,
& Country Als labour share is 60%, Country B's lebour shere is 70%, and labour is growing at a rate of 3% in both counties kosning
capital and technology are not growing in either country, Country has a higher growth rate of output
6. Country Als labour shere is 40%, Country B's labour shere is 70%, and labour is growing at a rate of 10% in country and in
country B. Assuming capital and technology are not growing in either country, Country A has a higher growth rate of org
c Labour is growing at a negative rate in country A and a positive rate in country B.so country must have a higher grow of
output o
d. Labour and capital are both growing more quickly in Country Athen in Country 8,so Country A must have a higher growth rate d
outour dans
Answers
The labor force is expanding at the same rate in both nations, but country B has a higher labor share of total production.
TrueFalseFalseFalseWhat is labour share?The portion of economic output that goes to workers as remuneration is known as the labor share. It is determined by dividing the remuneration received over a given time period by the amount of economic output generated during that same time.
The portion of national income or the income of a specific economic sector that is devoted to wages is known as the wage share or labor share in economics.
In country A growth rate = labour share * growth rate in labour = 40% *10% = 400/100 = 4
In country B growth rate = 70% *6% = 420/100 = 4.2
So growth rate in country B is higher.
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according to the lecture, real estate can be best defined as: group of answer choices leases, mortgages and other intangible assets. none of these is correct. the encumbrances associated with income investments. land and things attached to it.
Answers
Real estate would be a type of property that owners as well as buyers exchange for cash. B. Real estate is made up of the elements of air, water, land, but also anything attached to the land.
Real estate was referred to as the ground as well as any permanent, weather natural as well as man-made, structures as well as improvements related to the property, such as a house. One type of real property is real estate.
Real estate would be a type of property that includes both unimproved land including improvements including buildings, furnishings, roads, buildings, as well as utility systems. Responsibility for the land and improvements, including natural resources like minerals, vegetation, animals, water, etc. is conferred by property rights.
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5. Managers are strictly required to properly understand the role of Information Systems in their organization. Failure to do so might have adversary effects on the existence of their organization. In relation to role of IS in organization, there are practical examples where IS has created a situation to replace roles organizations have assumed for years in Ethiopian business environment. Mention at least two organizations IN Ethiopia whose role has been replaced/ threatened by IS.
Answers
In the Ethiopian business environment, two organizations whose roles have been replaced or threatened by Information Systems (IS) are:
The Roles that have been replacedEthio Telecom: The state-owned telecommunications company in Ethiopia has faced significant challenges due to the emergence of IS. With the advent of mobile banking and digital communication platforms, customers can now perform transactions and communicate directly using their smartphones, reducing their reliance on traditional telecommunication services provided by Ethio Telecom.
Traditional banking institutions: IS advancements have led to the rise of mobile banking and digital payment systems in Ethiopia. This has threatened the traditional role of brick-and-mortar banks, as customers can now perform banking activities such as transfers, payments, and account management through online platforms and mobile apps, reducing the need for physical bank visits.
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Which of the following will increase supply of ice cream, a normal good?
A) An increase in the number of restaurants selling ice cream
B) An increase in the cost of milk, a key ingredient in ice cream
C) An increase in the price of cones used to serve ice cream
D) An increase in consumers’ income
E) A tax increase on ice cream distributors
Answers
J's Foods is trying to estimate the cash flows in their first year of operation. They project that the firm will have sales of 100,000; operating costs of 50,000; and depreciation of 10,000. If their tax rate is 29% what would the firm's operating cash flow equal?
Answers
Answer:
$38,400
Explanation:
The computation of operating cash flow is shown below:-
Operating cash flow = (Sales - operating costs - depreciation) × (1 - tax) + depreciation
= (100,000 - 50,000 - 10,000) × (1 - 0.29) + 10,000
= (40,000) × (0.71) + 10,000
= $38,400
Therefore for computing the operating cash flow we simply applied the above formula.
Increased traffic on the highway is an ________
associated with purchasing a new vehicle.
external cost
internal benefit
external benefit
internal cost
Answers
Question 5 of 10
Which of the following best describes the advantage of living in a suburban
area?
OA. Suburbs give people access to city jobs along with more living
space.
B. Suburbs have the widest availability of low-cost housing of any
living area.
C. Suburbs have the lowest population density of any living area.
D. Suburbs give people easy access to cultural attractions and high-
paying jobs.
SUBMIT
Answers
The statement that best describes the advantage of living in a suburban
area is: A. Suburbs give people access to city jobs along with more living space.
What is Suburban areas?Suburban areas can be defined as the area that is located at the outskirt of a city or urban area.
The advantage of living in a suburban area is that it enables your to have access to job in urban area and it as well gives your enough living space due to the large metropolitan area.
Therefore the correct option is A. Suburbs give people access to city jobs along with more living space.
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Answer:Suburbs give people access to city jobs along with more living space.
Explanation:
A Plant was purchased on 1st July, 2015 at a cost of Rs 3,00,000 and Rs 50,000 were spent on its installation. The depreciation is written off at 15% p.a. on the straight-line method. The plant was sold for Rs 1,50,000 on October 01, 2017 and on the same date a new Plant was installed at the cost of Rs 4,00,000 including purchasing value. The accounts are closed on December 31 every year.
Show the machinery account and provision for depreciation account for 3 years
Answers
Answer:
Explanation:
Here's the machinery account and provision for depreciation account for the 3 years:
Machinery Account:
2015
July 1 Dr. To Bank 3,00,000
Cr. To Plant 3,00,000
October 1 Dr. To Plant 50,000
Cr. To Cash 50,000
2016
December 31 Dr. To Provision for Depreciation 45,000
Cr. To Plant 45,000
2017
October 1 Dr. To Cash 1,50,000
Cr. To Plant 1,50,000
October 1 Dr. To Bank 4,00,000
Cr. To Plant 4,00,000
December 31 Dr. To Provision for Depreciation 60,000
Cr. To Plant 60,000
2018
December 31 Dr. To Provision for Depreciation 60,000
Cr. To Plant 60,000
Provision for Depreciation Account:
2015
December 31 Dr. To Provision for Depreciation 45,000
Cr. To Depreciation Expense 45,000
2016
December 31 Dr. To Provision for Depreciation 45,000
Cr. To Depreciation Expense 45,000
2017
December 31 Dr. To Provision for Depreciation 60,000
Cr. To Depreciation Expense 60,000
2018
December 31 Dr. To Provision for Depreciation 60,000
Cr. To Depreciation Expense 60,000
reply if you agree that eddie kaspbrak and stanley uris shouldn’t have dxied in “it cheaper 2” (giving brainliest)
Answers
Answer:
do u mind sending the picture of the question
Question 4
4-1) Consider any organization you are aware of from work, study, or the
media. How do they manage people? Do people in those organizations
feel important?
Answers
Answer:
save the children they aware a lots of people to save thir child future
[100 points, economics, midpoint question]
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $6.50, and the equilibrium quantity is 21.0. When the price is $12.75, the quantity supplied of motorcycles is 63.0and the quantity supplied of pancakes is 101.0. For simplicity of analysis, the demand for both goods is the same.
Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places.
![[100 points, economics, midpoint question]Consider two markets: the market for motorcycles and the market](https://i5t5.c14.e2-1.dev/h-images-qa/contents/attachments/RxPOfFo2StUzHTQGqnbkkpQVAmW3xo7f.png)
Answers
The elasticity of supply for televisions: 2. less elastic than supply in the market for televisions.
To calculate the elasticity of supply, we use the midpoint formula, which is given by:
Elasticity of Supply = (Percentage change in quantity supplied) / (Percentage change in price)
First, we need to calculate the percentage change in quantity supplied:
Change in quantity supplied = New quantity supplied - Initial quantity supplied
Change in quantity supplied for televisions = 800 - 1,000 = -200
Percentage change in quantity supplied = (Change in quantity supplied / Initial quantity supplied) * 100
Percentage change in quantity supplied for televisions = (-200 / 1,000) * 100 = -20%
Next, we calculate the percentage change in price:
Change in price = New price - Initial price
Change in price = $1,200 - $800 = $400
Percentage change in price = (Change in price / Initial price) * 100
Percentage change in price = ($400 / $800) * 100 = 50%
Now, we can calculate the elasticity of supply for televisions:
Elasticity of Supply = (-20% / 50%) = -0.4
The elasticity of supply for televisions is -0.4, it indicates that the supply of televisions is inelastic. This means that the quantity supplied of televisions is not very responsive to changes in price.
The answer is: 2. less elastic than supply in the market for televisions.
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Complete question:
Consider two markets: the market for smartphones and the market for televisions. The initial equilibrium for both markets is the same, with an equilibrium price of $800 and an equilibrium quantity of 1,000. When the price increases to $1,200, the quantity supplied of smartphones is 1,500, and the quantity supplied of televisions is 800. For simplicity of analysis, assume that the demand for both goods is the same.
Using the midpoint formula, calculate the elasticity of supply for televisions. Please round to two decimal places.
Supply in the market for smartphones is
the same elasticity as supply in the market for televisions.less elastic than supply in the market for televisions.There is not enough information to tell which has a higher elasticity.more elastic than supply in the market for televisions.Loans are usually offered at the full value of the collateral. True or False
Answers
Loans are usually offered at the full value of collateral is the true statement.
What is collateral?Collateral is the security or the garantee that an lender accepts on behalf of the loan. It is an asset which is accepted by lender till the repayment of his loan.
Loans are generally provided on the full value of collateral and it helps in the extension of the loan. The lender also get assured by the collateral specially at the time of non payment of loan he will be able to recover it from collateral.
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Assume a nominal interest rate on one-year U.S. Treasury Bills of 1.60% and a real rate of interest of 3.00%. Using the Fisher Effect Equation, what is the approximate expected rate of inflation in the U.S. over the next year
Answers
Answer:
inflation rate= -0.014 = -1.4%
Explanation:
Giving the following information:
Nominal interest rate= 1.6 %
Real interest rate= 3%
To calculate the inflation rate, we need to use the following formula:
Real interest rate= nominal interest rate - inflation rate
inflation rate= nominal interest rate - Real interest rate
inflation rate= 0.016 - 0.03
inflation rate= -0.014 = -1.4%
In this period the general cost of products decreased 1.4%
The political candidates keep talking to the citizens about the possibility of a recession what would most likely happen if a country experience a recession
Answers
The thing that would MOST likely happen in this case if a country experiences a recession is D.Businesses will suffer from decreased sales and profits, eventually leading to closure
What is recession ?Recession, in economics, can be described as the downward trend in the business cycle.
Itshouldbe nopted that this can be seen as the decline in production and employment, whereby the incomes and spending of households to decline and as a result of thisthere would be hunger sa well as hardship in the country for this cause.
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missig part
What would MOST likely happen if a country experiences a recession?
A.
Feeling confident in the economy, people will begin to spend money more freely.
B.
Jobs will be more plentiful, and companies will be doing a lot of hiring.
C.
Families will start to purchase larger and more expensive homes.
D.
Businesses will suffer from decreased sales and profits, eventually leading to
Laila is a resident of Vermont. Noor is a resident of New York. They are involved in a car accident in New Jersey. Laila suffers serious injuries that result in $200,000 in medical bills. Laila can sue Noor in a
a.
federal court due to diversity jurisdiction.
b.
federal court due to federal question jurisdiction.
c.
New Jersey state court due to diversity jurisdiction.
d.
New Jersey state court due to federal question jurisdiction.
Answers
Laila can sue Noor in a federal court due to federal question jurisdiction. A court having original, appellate, and advisory jurisdiction was formed in India in 1937 as per the terms of the Government of India Act 1935.
It operated up until 1950, when the Supreme Court of India was established. Despite the fact that Delhi served as the Federal Court's headquarters, a separate Pakistani Federal Court was founded in Karachi following India's partition. The Federal Court of India has the option of appealing to the jurisdiction Committee of the Privy Council in London. Any legal conflict involving the Central Government and the Provinces fell within the exclusive original jurisdiction of the Federal Court.
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If you were Marshall’s manager how might you increase Marshall’s awareness of the negative impact he is having on his team?
Answers
As Marshall's manager, I would increase his awareness of the negative impact he is having on his team by providing specific and constructive feedback on his behavior and its consequences. This would involve having open and honest conversations with Marshall, highlighting examples of how his actions are affecting team morale, productivity, and collaboration.
In order to effectively address Marshall's negative impact on his team, it is important to approach the situation with clarity and professionalism. By providing specific examples of incidents where Marshall's behavior has caused harm, I can help him understand the direct consequences of his actions. This feedback should be delivered in a constructive manner, focusing on the behaviors rather than attacking his character.
By emphasizing the impact on team dynamics, performance, and overall work environment, Marshall can begin to see the need for change. Additionally, it would be beneficial to discuss alternative approaches and provide guidance on how he can improve his interactions with the team. Ongoing feedback and support from me as his manager can help Marshall recognize the negative impact he is having and encourage him to take steps towards positive change.
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Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Answers
Using the appropriate tool from the Accountant Tools menu, the 4 options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C and F:
ClassesCustomersProducts and ServicesAccountWhat is QuickBooks Online Accountant?In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.
This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.
Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.
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See full question below
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Classes
Customers
Products and Services
Locations
Tax Code
Account
Suppliers
Which examples demonstrate common education and qualifications for Counseling and Mental Health Services careers? Check all that apply.
1. Soo uses leadership skills to guide a group of people in religious worship.
2. Jacqueline stays calm even when counseling patients who are angry or upset.
3. Brent uses math skills to help people fill out financial paperwork.
4. Nakisha provides therapy to families and has a master’s degree in Psychology.
5. Tao pays close attention to what patients say and how they behave during counseling sessions.
6. Adam lifts and carries young children while playing with them outdoors.
Answers
Answer:
Jacqueline, Nakisha, Tao or B, D, E
Explanation:
got it right
Answer:
B. Jacqueline stays calm even when counseling patients who are angry or upset.
D. Nakisha provides therapy to families and has a master’s degree in Psychology.
E. Tao pays close attention to what patients say and how they behave during counseling sessions.
Explanation:
edge 2021 :)
stay safe and good luck <3
4. During a slow business period, an associate sees a new hire having trouble answering a customer's questions. The customer is ready to leave. What should the
associate do?
O A. Step in and say, "Here, let me help," then ring the sale
OB. Approach them and ask, "Can I help answer any questions?
OC. Alert the manager that the new hire needs help
D. Watch without interrupting and advise the new hire after the customer leaves
Answers
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?"
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?" By approaching the new hire and offering assistance, the associate demonstrates teamwork and a willingness to support colleagues. This approach allows the new hire to handle the customer interaction directly, gain experience, and build confidence. However, the associate's presence and offer to help signal that they are available to step in if needed. Interrupting the interaction completely, as in option A, may undermine the new hire's ability to learn and handle customer inquiries independently. It is essential to strike a balance between providing support and allowing the new hire to develop their skills. Option C, alerting the manager, should be reserved for situations where the new hire is struggling consistently or if the customer's concerns are not being addressed. It is generally more effective to offer immediate assistance before involving higher-level management. Option D, watching without interrupting and advising the new hire afterward, misses the opportunity to salvage the customer's experience in real-time. Addressing the customer's concerns promptly and preventing them from leaving is crucial for maintaining customer satisfaction and loyalty. In summary, approaching the new hire and offering assistance while the customer is still present (option B) strikes a balance between supporting the new hire and ensuring a positive customer experience.
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I’m doing Economics but I’m not sure of this question.
Answers
A terminology which is given to consumers who were willing to pay for a higher price, but don't have to because the equilibrium price has been set lower is: C. consumer surplus.
What is price?Price can be defined as an amount of money which is primarily set by the seller of a good (product), and it must be paid by a buyer (consumer) to the seller, so as to enable the acquisition of this good (product).
What is consumer surplus?Consumer surplus can be defined as an economic measure of the difference between the willingness of consumers to pay for a good (product) at higher price and the equilibrium price or actual price paid by the consumers.
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Complete Question:
What is the term given to consumers who were willing to pay for a higher price, but don't have to because the equilibrium price has been set lower?
A. Market failure.
B. Quantity excess.
C. Consumer surplus.
D. Consumer drop.