The difference between the quantity of labor that is provided and the quantity that is demanded is called the surplus of labor.
The wage rate is set higher than the market wage rate when there is a labor surplus. In order to get back to the equilibrium, the wage rate falls.
Option A: The ratio of the percentage change in wage to the percentage change in the quantity of labor required is correct. This ratio is correct because wage elasticity.
What is the value of excess labor?Marx defines surplus value as the difference between the value produced by living labor and the value paid to the worker by the capitalist in the form of wages.
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The taco bell employee’s quote supports schlosser’s argument in this excerpt because it.
The Taco Bell employee's quote supports Schlosser's argument during this excerpt because it emphasizes the obsession with consistency and standardization within the aliment business.
The taco bell employee's quote supports Schlosser's argument during this excerpt because of providing personal opinions regarding the operation.
The excerpt from aliment Nation that best illustrates the author's use of the rhetorical charm logos is "English is currently the second language of a minimum of a common fraction of the nation's eating house staff, and regarding the simple fraction of that cluster speaks no English at all."
The primary tenets he uses are unit logos, pathos, and ethos. One of the tenets of rhetoric that he uses is logos, which is an act of persuasion.
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taxes cause deadweight losses because taxes a. reduce the sum of producer and consumer surpluses by more than the amount of tax revenue. b. prevent buyers and sellers from realizing some of the gains from trade. c. cause marginal buyers and marginal sellers to leave the market, causing the quantity sold to fall. d. all of the above are correct.
Taxes cause deadweight losses because taxes prevent buyers and sellers from realizing some of the gains from trade.
The outcome is the same whether the taxes on a good apply to the consumers or sellers of that good. When purchasers pay the tax, the demand curve shifts downward by the same percentage as the tax; when sellers pay the tax, the supply curve shifts upward by the same percentage as the tax. When a tax is implemented, the price that purchasers pay rises and the price that sellers receive falls in both situations. How the taxes burden is split between producers and consumers is ultimately determined by the elasticities of supply and demand. No matter who pays the tax, the distribution is the same.
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buffelhead's stock price is $238 and could halve or double in each six-month period. assume that you own a one-year american put option on buffelhead stock with an exercise price of $238. the interest rate is 19% a year. a. would you ever want to exercise an american put early? multiple choice yes no b. calculate the value of the buffelhead american put. (do not round intermediate calculations. round your answer to 2 decimal places.) c. calculate the value of the put if it had been european-style. (do not round intermediate calculations. round your answer to 2 decimal places.)
The Bufflehead stock option will have a positive value when the stock price is below the strike price, and a negative value when the stock price is above the strike price. If the stock price doubles, the option will have a negative value. If the stock price halves, the option will have a positive value.
a.)Yes, if the stock price decreases below the exercise price, the holder of the put option would want to exercise the option in order to sell the stock at the higher exercise price.
b.) The possible prices of Bufflehead stock and the associated American put option values (shown in parentheses) are:
Let p equal the probability of a rise in the stock price.
Then, if investors are risk neutral:
p(1.00) + (1 – p) × (–0.50) = 0.10
p = 0.4
If the stock price in month 6 is $110, and if the American put option is not exercised, it will be worth:
[(0.4 ´ $0) + (0.6 ´ $165)]/1.10 = $90
On the other hand, if it is exercised after six months, it is worth $110. Thus, the investor should exercise the put early.
Similarly, if the stock price in month 6 is $440, and if the American put option is not exercised, it will be worth:
[(0.4 ´ $0) + (0.6 ´ $0)]/1.10 = $0
On the other hand, if it is exercised after six months, it will cost the investor $220. The investor should not exercise early.
Finally, the value today of the American put option is:
[(0.4 ´ $0) + (0.6 ´ $110)]/1.10
= $60
c.)The European put, value at that point is $90 because the European put cannot be exercised early.
Therefore, the value of the European put is:
0.4 ´ $0) + (0.6 ´ $90)]/1.10
= $49.09
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in order to accumulate enough money for a down payment on a house, a couple deposits $300 at the end of each month into an account paying 6% compounded monthly. if payments are made at the end of each period, how much money will be in the account in 5 years?
If payments are made at the end of each period, the account will have 20931.01 for 5 years.
Future value is the value of an investment or asset at a specific date in the future. Simply put, future value is the amount that a given investment will be worth after a certain period of time, assuming a particular rate of return.
A deposit is an amount a buyer pays at the beginning of the purchase of expensive goods or services.
PMT = 300
R = 6%
M = 12
T = 5
T = R/M
= 0.6/12
= 0.005
N = MT
= 12 × 5
= 60
FV = PMT(1 + 0.005)^60 -1 /0.005
= [tex]300\frac{(1 + 0.005)^{60} -1}{0.005}[/tex]
= 20931.01
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which ratios measure liquidity? (select all that apply.) multiple select question. debt to asset ratio debt to equity ratio current ratio quick ratio times interest earned ratio
Liquidity is measured by a quick ratio as well as a current ratio.
So, the correct option is C&D.
Both the quick ratio and the current ratio are measures of liquidity. The current ratio simply calculates how many times the current assets can cover the current liabilities by dividing the current assets by the current liabilities. The quick ratio is more conservative and does not factor in inventory when calculating it.
A company's capacity to settle its short-term debt obligations is assessed using a liquidity ratio. These three liquidity ratios—the current ratio, quick ratio, and cash ratio—are the most important ones. Investors and creditors look for a company with a liquidity ratio that is greater than 1.0 when evaluating it. The ability of the business to pay off short-term debt obligations is gauged by liquidity ratios. They can be used to determine a company's ability to settle debts with lenders and pay vendors.
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according to the wealth effect, aggregate demand slopes downward (negatively) because a. lower prices increase the value of money holdings and consumer spending increases. b. lower prices decrease the value of money holdings and consumer spending decreases. c. lower prices increase money holdings, decrease lending, interest rates rise, and investment spending falls. d. lower prices reduce money holdings, increase lending, interest rates fall, and investment spending increases.
The wealth effect states that because decreasing prices improves the value of money holdings and boosts consumer spending, aggregate demand slopes downward (negatively). The right response in this case is option A.
As people's wealth grows, they will spend more money. Thus, at lower price levels compared to higher price levels, the consumption component of aggregate demand will be stronger.
According to the "wealth effect," when household wealth increases due to an increase in asset values, such as housing or corporate stock prices, they increase their spending and boost the whole economy.
With rising prosperity, certain products see a decline in demand. Think about eating steak as opposed to inexpensive fast food. A person's desire for inexpensive fast food is likely to decline as their income rises, while their desire for more expensive steak may increase.
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consider this) suppose voters pass laws that restrict immigration, which results in lower national output and higher prices for consumer goods. this would be an example of
If we were to consider this: voters pass laws that restrict immigration, which results in decreased national output and increased prices for consumer goods. This would be an example of paradox of voting.
The voting paradox, also known as the Downs paradox, states that for a self-interested, rational voter, the expenses of voting typically outweigh the anticipated benefits.
The predicted advantages of voting are smaller than the costs since the possibility of casting the decisive vote is negligible in comparison to any credible calculation of the private citizen advantages of the several conceivable outcomes.
Reactions to the paradox have consisted of the ideas that voters express their preferences for candidates rather than influencing the election's outcome, that voters show some altruism, or that the paradox overlooks voting's additional benefits besides the outcome of the election.
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the war on poverty: question 9 options: a) was a great success since in the decades since the 1960's the poverty rate has been cut in half. b) has not succeeded in lowering the poverty rate since the u.s. only spends about 1% of gdp on welfare programs. c) was initiated by president nixon during the vietnam war a means of decreasing poverty in third-world nations. the goal was to lessen the support for communism in poor countries. d) was started by president johnson in the mid 1960's. he got legislation passed to create government programs with the intention to help the poor escape poverty.
President Johnson launched the war on poverty in the mid-1960s. He was successful in getting laws approved to establish government initiatives to assist the underprivileged in escaping poverty. Thus, the right option is (d) was started by president johnson in the mid-1960s. He got legislation passed to create government programs with the intention to help the poor escape poverty.
What exactly is the War on Poverty?The unofficial term for legislation initially proposed by United States President Lyndon B. Johnson at his State of the Union speech in January 1964 is the "war on poverty." Johnson suggested this law in response to a national poverty rate of roughly 19%. The speech prompted the United States Congress to approve the Economic Opportunity Act, which established the Office of Economic Opportunity to oversee the local distribution of federal anti-poverty money. The forty initiatives established by the Act were all focused on eradicating poverty by improving living conditions in low-income communities and assisting the disadvantaged in accessing economic opportunities that had previously been denied to them.
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the tangibles that make up the service, such as buildings, landscaping, vehicles, furnishings, signage, brochures, and equipment, comprise which element of the seven ps of services marketing?
The tangibles that make up the service, such as buildings, landscaping, vehicles, furnishings, signage, brochures, and equipment, comprise the "physical evidence" element of the seven ps of services marketing.
The seven Ps of marketing are:
productprice promotionplacepeopleprocess and physical evidence/proofPhysical evidence demonstrates both the existence of your brand and the fact that a transaction occurred. If your company just does business online, a website would be an example of proof of your brand's existence, as would printed business cards you hand out when you meet new people.
Physical or electronic receipts, invoicing, or follow-up email newsletters you send to consumers as a retention strategy are a few examples of proof of purchases.
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competitive strategies are intended to: group of answer choices improve a firm's ability to challenge other firms. improve capital productivity. improve both labor and capital productivity. reduce the firm's debt levels. reduce competitors' prices.
Competitive strategies are intended to ; improve a firm's ability to challenge other firms.
Hence, Option A is correct.
What do you mean by Competitive strategies ?
Competitive strategy is a long-term action plan of firms in order to gain a competitive advantage over its competitors in the business market. It is used to improve position in market and generate a greater Return on Investment (ROI). The objective is to win the customers’ hearts through satisfying their needs and to attain competitive advantage as well as out-compete the competitors and rival companies.
Four Types of Competitive Strategy
Cost Leadership StrategyDifferentiation Leadership StrategyDifferentiation focusCost focusTherefore, Competitive strategies are intended to ; improve a firm's ability to challenge other firms.
Hence, Option A is correct.
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if the reserve requirement is 5% and the fed increases reserves by $20 billion, what is the total increase in the money supply?
The total increase in the money supply will be $400 billion.
The money supply means the sum value of cost—cash, coins, and balances in bank accounts—in circulation. The money supply is generally explained to be a class of safe assets that households and businesses can use to make payments or to keep as short-term investments.
To know how much the total increase in the money supply, we can use this equation below:
Total increase in the money supply = increase in reserve/reserve requirements
Total increase in the money supply = 20/5% = $400 billion
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oliver's company (oc) produces batches of chicken and beef organic dog food. each time oc switches production from chicken to beef it incurs set-up costs. it takes 316 set-ups to create the chicken dog food and 340 set-ups to create the beef dog food. using activity based costing, there is an allocation rate of $20 per set-up. based on activity based costing, what amount of set-up costs should be allocated to the chicken dog food?
$6,320 is the number of set-up costs that should be allocated to the chicken dog food.
= cost per each set up × totals ups
= 20 × 316 = 6320
Food is a substance consisting essentially of protein, carbohydrate, fat, and other nutrients used in the frame of an organism to preserve boom and important processes and to provide power.
And while true meals are nutrient-dense it's also tasty and visually attractive. true food way that enhances the circumstance of its clients and growers; its production maintains the health of the environment even as generating income for the grower.
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bill purchased a used automobile in the current year for $78,000 that will be used 100% for business. assuming that the mid-quarter convention did not apply, what is the amount of depreciation he is allowed to take in the second year of the asset's life, assuming he elected not to take bonus depreciation in the first year?
Assuming that the mid-quarter convention did NOT apply, the amount of depreciation he is allowed to take in the second year of the asset's life, assuming he elected NOT to take bonus depreciation in the first year is $16,000.
What is depreciation amount?The accounting technique of spreading out the cost of a tangible asset over its useful life is known as depreciation. The amount of depreciation shows how much of an asset's value has been utilized. By purchasing assets over a predetermined period of time, it enables businesses to generate income from the assets they own.
Depreciation is the systematic reduction of a fixed asset's recorded cost over time, until the asset's value is zero or insignificant, according to accounting terminology. Buildings, furniture, office supplies, machinery, etc. are examples of fixed assets.
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define and explain activity-based costing (abc) systems. what benefits does implementation of an abc system bring to the company?
The implementation of an ABC Costing gadget provides you increased manipulate of your organization's costs.
This methodology develops tracing and allocation fashions that pick out the allocation of costs related to each undertaking with precision as properly as how they have an effect on your company's profitability.
What are the benefits of activity-based costing ABC?Activity-based costing provides a more correct approach of product/service costing, main to greater accurate pricing decisions. It will increase appreciation of overheads and fee drivers; and makes high-priced and non-value adding things to do more visible, permitting managers to minimize or remove them.
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https://brainly.com/question/6654166#SPJ4in a perpetual system, when inventory is sold on account: a. sales revenue is increased and accounts receivable is decreased. b. sales revenue, cost of goods sold, and accounts receivable are increased while inventory is decreased. c. sales revenue is increased and inventory is decreased. d. sales revenue and accounts receivable are increased, and cost of goods sold and inventory are decreased.
In a perpetual system, when inventory is sold on account sales revenue, the cost of goods sold, and accounts receivable are increased while inventory is decreased.
A transaction between the buyer and the seller wherein the vendor sells intangible or tangible goods, property, or offerings in opposition to money is referred to as a sale. The sale is completed among two or extra events. In broader phrases, a sale may be is known as a contract among or more events i.e. the customer and the seller.
The time period, income, refers to all sports that result in the promotion of products and services. And advertising is the procedure of getting human beings interested in the products and offerings being sold. Sale is a time period used to explain the sports that cause the selling of products or offerings.
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7during a resuscitation, the team leader assigns team roles and tasks to each member. you recognize that a task has been overlooked. which is the most appropriate action?
The most appropriate action to be taken is to full the overlooked role.
Playing the vacant position in this situation would be the wisest move. If the team leader has skipped a role, the other team members must fill it as soon as possible, providing they are not already preoccupied with another responsibility, because every second counts during a resuscitation and every team member has been trained to manage these scenarios. It will save time and possibly even a life.
It is sufficient to perform compression-only CPR on someone who has had a heart attack. The practice of mouth-to-mouth resuscitation is not required. The American Heart Association states that for someone who has experienced a sudden heart attack in an outpatient setting, compression-only CPR is sufficient.
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what causes double taxation? group of answer choices a taxpayer being subject to tax laws in multiple jurisdictions profits increasing excessively from year to year penalties imposed by a taxing authority for non-payment of taxes difference tax rates across countries
A tax principle known as "double taxation" refers to paying income taxes twice on the same source of income. When income is subject to both corporate and individual taxes, it may happen.
When the same income is taxed in two different nations for the same investment or transaction, this is known as double taxation. Double taxation occurs when the shareholders and the corporation both pay taxes on the same income. The corporation pays taxes on its profits. Paid-in capital and retained earnings make up stockholders' equity. Double taxation occurs when the same income is taxed in two different countries. When a foreign company's income from a foreign source is taxed by the government of one country while also being taxed by the government of the company's home country, this occurs.
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a(n) change involves introducing a practice that is new to the industry, such as using drones (rather than delivery trucks) to deliver products to customers. multiple choice innovative radically innovative adaptive reactive
Introducing a new practice, such as using drones rather than delivery trucks to deliver products to customers, is an example of a radically innovative change.
Is the set of methods for putting planned change into action?A set of methods for putting planned change into action to improve people's and organizations' effectiveness is known as organizational development (OD).
The force change strategy, the educational change strategy, and the rational or self-interest change strategy are the three most common methods for bringing about organizational change.
What are the five 5 factors that help methodology execution?Frequently neglected are the five key parts important to help execution: structure, systems, people, resources, and culture order to move from creating the plan to putting it into action, each component needs to be in place.
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mark determined the project he had been working on for two months was ready to close since all of the contracts were completed. based on the current situation of mark's project, select the next two steps below that he will perform in the closing process. a.) refer to governance to determine the documentation left to complete, then meet with the project sponsor to gain project approval. b.) obtain feedback to compile lessons learned, then meet with the person responsible for taking ownership. c.) refer to governance to determine the documentation left to complete, then obtain feedback to compile lessons learned. d.) meet with the project sponsor to gain project approval, then meet with the person responsible for taking ownership.
Refer to governance to determine the documentation left to complete, then obtain feedback to compile lessons learned.
What is basic documentation?
Documents that serve as evidence, proof, or a record of something are considered to be documentation.
What serves as documentation's primary objective?
There are numerous explicit reasons to write a scientific or technical document, but there are four main categories: to enlighten the reader, to give instructions, to persuade the reader, and to enact (or forbid) something.
Which 4 forms of documentation are there?
learning-oriented tutorials.goal-oriented how-to guides.understanding-oriented discussions.information-oriented reference material.Learn more about documentation
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what is guardbanding? group of answer choices capturing mutual agreements on the work activity deliverables. when engineers set product specifications tighter than they need to be. keeping the workplace clean and neat by making cleaning a daily activity. a practice that uses point-of-sale scanner data to manage payment, promotion and replenishment.
Guard banding is a) when engineers set product specifications tighter than they need to be.
The region of acceptable values for the entity's quality characteristic is decreased proportionately to the actual measurement uncertainty or dispersion in guard-banding, one method for preventing incorrect conformity choices brought on by measurement uncertainty or entity dispersion.
Each specification limit is surrounded by a "guard-band" whose breadth is set to a portion of the measurement uncertainty. The guard-band rule states that conformance to specifications will be shown if the result, ym, of a measurement of the quality characteristic of the entity under test is in the range of permissible values. This is done to reduce customer risk.
Guard banding is a technique for reducing the likelihood of making a poor conformity choice.
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What trade-offs do consumers face when buying a product from a monopolistically competitive firm?.
When purchasing a good from a monopolistically competitive company, consumers must choose between paying more than the marginal cost and having more options that suit their preferences.
Monopolistic competition occurs when numerous companies offer comparable but subpar alternatives to each other's goods or services. The barriers to entry are low in monopolistic competitive industries, and decisions made by one firm do not immediately affect those of its competitors.
The characteristics of a monopolistic market are as follows:
Profits are maximized with only one source and blocked access and exit.
exclusive exclusion from product pricing
Monopolies offer the advantage of ensuring a constant supply of a product that is too expensive to be sold in a market with competition. A few negatives of monopolies include price-fixing, inferior products, a lack of incentive for innovation, and cost-push inflation.
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a company is considering buying a component part that they currently make. items related to the equipment being used to make the component that are relevant to this decision include blank . multiple select question. annual depreciation charges original cost salvage value alternative uses for the equipment
Annual depreciation cost original cost of alternative uses for equipment salvage value Alternative uses for the equipment salvage value.
Depreciation cost is the process of reducing the total cost gradually from the initial value of the company's assets This depreciation is not carried out in one accounting period. Instead, it is done from time to time according to the useful life of your assets. When you depreciate an asset, you can plan how much money is written off each year, giving you more control over your finances.
The number of years in which you depreciate something is determined by its useful life (for example, a laptop is useful for about five years). For tax depreciation, different assets are sorted into different classes, and each class has its own useful life. If your business uses a different depreciation method for your financial statements, you can decide on the useful life of the asset based on how long you will use the asset in your business.
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What will be the general impact on janet’s amortization schedule by making this single larger payment?.
She will pay more total interest, making her trip cost more overall.
How can amortization be explained?
The process of dividing a loan into a series of fixed payments is known as amortization. At the conclusion of the payment plan, the loan is paid off. Your loan balance and interest costs each receive a portion of each payment. You pay less interest and more toward your balance over time.
What is 6 percent on a loan of $300,000?
For instance, a $30,000 loan with a 36-month term and 6% interest costs $2,856.The same loan—$30,000 at 6% interest rate—would cost $5,797 in interest over 72 months to repay.
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which citation in the professional standards outlines the auditor's responsibility regarding obtaining a written representation letter from management under these circumstances?
PCAOB AS 2201 Par. 87 citation in the professional standards outlines the auditor's responsibility regarding obtaining a written representation letter from management.
This standard establishes requirements and provides guidance for auditors who are hired to perform an audit of management's assessment1 of the effectiveness of internal control over financial reporting ("the audit of internal control over financial reporting") in conjunction with an audit of the financial statements.
Internal control over financial reporting that is effective offers reasonable certainty about the dependability of financial reporting and the compilation of financial statements for external purposes. If the firm has one or more major vulnerabilities, its internal control over financial reporting cannot be regarded effective.
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a company bought a new $62,000 heating system. the company paid $58,800 cash and was given a trade-in of $3,200 on an old heating system. the old system had an original cost of $55,900 and accumulated depreciation of $50,600. if the transaction has commercial substance, the company should record the new heating system at:
New heating system = $62,000
Fair value is used to calculate the cost price of the acquired item. The fair value of the asset given up will be used if it is possible to determine the fair value of both the asset acquired and the asset is given up. It is possible to use that value unless the fair value of the acquired asset is more obvious.
Measurement of New Heating System :
Cash = $58,800
Trade-In Value = $3,200
Total = $62,000
Therefore, a company bought a new heating system for $62,000.
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misappropriation of assets is a fraudulent act that involves group of answer choices dishonest conduct by those in power. misrepresenting facts to promote an investment. using computer technology to perpetrate a crime. theft of company property.
Misappropriation of assets is a fraudulent act that involves theft of company property.
In asset management, the challenges faced in addition to maximizing the life cycle of the asset itself are errors, misappropriation of assets and financial statement fraud on assets under management.
Mistakes are common in various managements, errors in asset management are caused by unintentional mistakes, in contrast to misuse and fraud which have an intentional element. These things lead to company losses in terms of assets.
Understanding Missappropriation of AssetsMisappropriation of company assets or assets is an illegal act which is often also referred to as embezzlement of assets or theft of assets. For example, embezzlement of company cash, use of facilities for personal gain, fraudulent expenditure of company expenses.
The embezzlement of large amounts of assets will adversely affect the company's cashflow. If not immediately detected and prevented, this will become a new culture that is detrimental to the company.
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a check issued for $540 to pay a vendor on account was recorded in the firm's records as $450; the canceled check was properly listed on the bank statement at $540. to arrive at an accurate balance on a bank reconciliation statement, the error should be: multiple choice added to the bank statement balance. deducted from the bank statement balance. deducted from the book balance. added to the book balance.
Added to the bank statement balance is the correct answer. Comparing information from cash books and related information from bank statements is known as bank reconciliation.
What is Bank reconciliation mean?A bank reconciliation is the process used in bookkeeping to compare the balance of a bank account as recorded in the books of an entity to the balance reported by the financial institution in the most recent bank statement. Any difference between the two figures must be looked into and, if necessary, corrected.
Comparing information from cash books and related information from bank statements is known as bank reconciliation. It is an important procedure that guarantees the accuracy of the CFO's accounting records.
A bank reconciliation is the process of comparing the balances of cash accounts as recorded in an entity's accounting records to the relevant data on a bank statement.
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g what is a control system component?question 21 options:spc metricinternal auditstandard or goalattribute
A control system is a collection of numerous parts connected as a unit to guide or regulate itself or any other system in order to generate a specified output. We all know that controlling is the act of regulating or guiding. Hence, the metric internal audit standard or goal attributes all the given options are correct.
What is the component of system control?Executives may use organizational control systems to assess how effectively their organization is operating, identify areas of concern, and then take action to resolve those problems. Executives can choose from three fundamental forms of control systems: (1) output control, (2) behavioral control, and (3) clan control.
A typical motion control system consists of four fundamental components. The controller, amplifier, actuator, and feedback are the four components. The intricacy of each of these pieces will differ depending on the application for which they are created and built.
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a treasury bill with 119 days to maturity is quoted at 97.630. what are the bank discount yield, the bond equivalent yield, and the effective annual return?
The effective annual return is 7.64%, the bond equivalent yield is 2.37%, and the bank discount yield is 2.37.
Discount yield = 7.17%
Bond equivalent yield = 7.34%
Effective annual yield = 7.64%
Discount yield = discount/face value × 360/t
Where t is the time until maturity.
Discount = face value - face value
Discount = 100 - 97.63
Discount = 2.37
Discount yield = 2.37/100 × 360/119
Discount yield = 7.17%
Bond equivalent yield = (1 + periodic yield)^360/t - 1
Periodic yield = discount/face value
= 2.37 ÷ 100 = 2.37%
Bond equivalent yield = [tex](1 + 2.37)^{(\frac{360}{119})} - 1[/tex]
Bond equivalent yield = 7.34%
Effective annual yield = (1 + HPY)^365/t - 1
Holding period yield (HPY) = Discount/Price
= 2.37 ÷ 97.63
Holding period yield = 2.43%
Effective annual yield = [tex](1 + 2.43)^{\frac{365}{119} } - 1[/tex]
Effective annual yield = 7.64%
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one of the reasons that bob is gifted as a salesperson is that he can effectively hide his shrewd competitiveness behind what appears to be a genuine and sincere persona, causing customers seem to instantly trust him. which specific political skill has bob mastered?
Bob's ability to skillfully mask his keen competitiveness is one of the reasons he is excellent as a seller. Bob has acquired a special political skill: seeming earnestness.
The term competitiveness is derived from the word compete. To compete implies to seek for the same object, status, or reward as another person. Competitiveness is the capacity to compete with others for the same goal or prize. Competence does not necessarily imply the capacity to outperform all of your competitors, but rather the desire and readiness to participate in competition; to continue in competition without being booted out or completely overwhelmed.
Businesses compete for the best personnel, raw supplies, consumers, and so on. Similarly, workers and job searchers battle for limited job opportunities and jobs. They are all attempting to stay competitive in order to keep or get jobs. For some people, competitiveness is a natural skill.
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