As prices rose and their purchasing power decreased, the real income of academics and staff decreased throughout this time.
Since real income is defined as income that has been adjusted for inflation, a greater real income translates to better buying power. The local value of gold and silver has historically had a significant impact on the purchasing power of money, but it has also been made sensitive to the availability and demand of certain goods on the market.
Real income, also known as real pay when referring to a person's income, is the amount of money that an individual or business makes after taking inflation into account.
The worth of a currency is measured by the number of products or services that it may be used to purchase.
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salespeople from acme corp. are searching for potential customers from company sales records, trade shows, commercial databases, newspaper announcements, public records, telephone directories, trade association directories, and many other sources. this is best described as
Salespeople from acme corp. are searching for potential customers from company sales records, trade shows, commercial databases, newspaper announcements, public records, telephone directories, trade association directories, and many other sources. this is best described as prospecting.
An illustration of a salesman is someone who sells buses. A salesperson or salesman. A person who's employed to vend products or services. A person employed to vend goods or services. All salesmen can be grouped into one of three orders The Commodity salesman. The Price salesman. The Solution Value Salesperson.
A salesman is someone who sells a product or service, and his or her main idea is making deals. The salesman may or may not actually be passionate about the product or service. He or she's utmost interested in earning a plutocrat.
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Pricing approaches that consider the production and marketing costs and then add enough to cover direct expenses, overhead, and profit are known as ______ approaches.
Answer:
The answer is Cost- oriented
What will happen to the price and quantity of footballs as a result of an increase in the price of leather used to make footballs?.
Price will increase and the quantity will decrease if there is an increase in the price of leather used to make football. The correct option to this question is B.
When overall prices rise (inflation) as a result of rising costs for wages and raw materials, this phenomenon is referred to as cost-push inflation, also referred to as wage-push inflation. The total amount of production in the economy may decline as a result of higher production costs. Cost-push inflation results from the product price increases being passed on to consumers because the demand for goods hasn't changed.
Cost-push inflation is an increase in overall prices (inflation) brought on by rising labor and raw material costs. It can happen when increased production costs cause the economy's overall supply, or aggregate supply, to decline. It results from the manufacturing price increases being passed on to consumers because the demand for goods hasn't altered.
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Complete question is
What will happen to the price and quantity of footballs as a result of an increase in the price of leather used to make footballs?.
A) price will increase and quantity will increase.
B) price will increase and quantity will decrases.
C) price will decrease and quantity will increase.
D) price will not change and quantity will not change.
the tendency of existing firms to be slow to respond to changes in the industry environment due to their large size, established routines, or prior strategic commitments to existing suppliers and customers is known as
Incumbent inertia is the tendency of existing firms to be slow to respond to changes in the industry environment due to their large size and established routines with existing suppliers and customers.
Incumbent inertia, defined as the failure to implement internal change in the face of significant external change, causes incumbents to fail in markets where they once held a competitive advantage. It is possible for an incumbent to become inert if they wait until the market is fully developed or if they are undecided about the best course of action. The literature does not mention this second explanation as a reason for incumbent inertia.
By allocating resources effectively and acquiring capabilities that enable them to outperform rivals, businesses can gain a competitive edge (Day, 1994), but as the competitive environment changes, firms may lose their ability to compete.
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my son is saving his allowance and chore money to buy a new bicycle. which function of money is he utilizing? group of answer choices medium of exchange. unit of account. store of value. standard of deferred payment.
Medium of exchange of money is he utilizing.
Money is any item that is typically usual as a fee for goods and offerings and reimbursement of debts in a given socio-monetary context. the principle features of cash are distinguished as a medium of change; a unit of account; a store of cost; and, every so often, a preferred deferred fee.
The 4 unique types of money as classified by using economists are commercial money, fiduciary cash, fiat cash, and commodity money. cash whose fee comes from a commodity of which it's far made is referred to as commodity cash.
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cory is working on the budget for his landscaping business. he decides he needs help with identifying, measuring, and recording financial transactions. who would be the best person to help him with these tasks?
A bookkeeper would be the best person to help Cory with identifying, measuring, and recording financial transactions.
Identification entails figuring out what financial transactions, or other items, need to be recorded. Items bought with cash or on credit, for instance, will be noted. The books of accounts do not include items of a non-financial nature, such as modifications to managerial procedures, etc.Measurement is the process of putting business transactions into numerical terms using a monetary unit. It is not deemed appropriate to record an event in the company's books if it cannot be valued financially. Due to this, significant events such as appointments and the signing of contracts, etc., are not recorded in the books of accounts.Recording After being recognised and quantified in monetary terms, economic events are recorded in books of accounts in monetary terms, date-wise. Business transactions are recorded in such a way that the essential financial data is condensed in accordance with accepted accounting principles.Learn more about Financial data, here
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in order to reduce the risk that the aggregate of undetected misstatements in the group financial statements of a nonissuer exceeds the materiality for the group financial statements as a whole, an auditor should establish a
The this situation the auditor should establish a component materiality that is lower than the materiality for the group financial statements.
Financial statements:
Financial statement refers are the written records that convey the business activities and the financial performance of a company
Given,
in order to reduce the risk that the aggregate of undetected misstatements in the group financial statements of a non issuer exceeds the materiality for the group financial statements as a whole
Here we need to find an auditor should establish what type of financials statements.
While we consider the given situation, we have identified that the undetected misstatements in the group financial statements of a non issuer exceeds the materiality for the group financial statements.
So, the auditor should establish a component materiality that is lower than the materiality for the group financial statements.
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what is appealing about the perfectly competitive equilibrium solution is selected answer: incorrect. all of the above answers: correcta. it identifies the point that is both socially efficient and socially fair b. it identifies the price at which the producer pays the entire production cost c. it identifies the point at the buyer pays the entire production cost
All of the above is appealing about the perfectly competitive equilibrium solution.
What is an equilibrium with perfect competition?
When there is perfect competition, the market will be in an equilibrium when supply and demand are equal. At this moment, a firm's pricing will be established. Demand will have an impact on equilibrium in the short term.
Price equivalent to AVC results in a loss for the company. Because it needs to cover at least its AVC in the short run in order to manufacture, the company will close if the price drops even little below AVC. A firm is therefore in equilibrium in all of the aforementioned circumstances in the short run under perfect competition.
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beginning in january, a person plans to deposit $100 at the end of each month into an account earning 9% compounded monthly. each year taxes must be paid on the interest earned during that year. find the interest earned during each year for the first 3 years.
The first year's interest was $33.56, the second year's interest was $109.64, and the third year's interest was 190.41$
What does it mean to earn interest?
The amount of interest earned from investments that pay the owner a regular series of required payments is known as interest earned. Investments in an interest-bearing bank account or certificate of deposit, for instance, can yield interest.
How is the annual interest earned multiplied?
Divide earnings before taxes and interest by the total interest due on debt to arrive at the TIE formula.
How is earned time interest explained?
The ability of a company to meet its debt obligations on a regular basis is measured by the Times Interest Earned (TIE) ratio. Divide a company's EBIT by its annual interest expense to arrive at this ratio.
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southwestern foods corporation operates a packaging plant near the border between the united states and mexico. due to the location, it would be easier for southwestern to employ noncitizens. it is legal for a u.s. employer to
Southwestern foods corporation operates a packaging plant near the border between the united states and Mexico due to the location, it would be easier for southwestern to employ noncitizens.
A corporation, sometimes known as a C corporation, is a legal entity distinct from its owners. Corporations can profit, be taxed, and be held legally responsible. Corporations provide the best protection against personal liability for its employ, but they are more expensive to incorporate than alternative structures. The enterprise exists as a legal entity separate from its owners as a corporation. Most crucially, this means that the owners cannot be held liable for the corporation's debts.
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research indicates that high-performance teams are much more likely to develop when the manager hand-selects team members. True False
The given statement is true, that high-performance teams are much more likely to develop when the manager hand-selects team members.
What holds true for high-achieving teams?Teams that work well together have similar goals, objectives, and priorities. To ensure that their efforts result in success, they establish team and personal goals that complement this common vision.
In order for everyone to know exactly what they need to do and how to get there, goals must not only be aligned, but also clearly defined. The hand-picking of team members by the manager increases the likelihood of high-performance teams developing.
Therefore, it is true.
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what is an interactive process of addressable communication that uses one or more advertising medium to affect, at any location, a measurable sale, lead, retail purchase or charitable donation, with this activity analyzed on a database for the development of ongoing mutually beneficial relationships between marketers and customers, prospects, or donors?
direct marketing DMA is an interactive process of addressable communication that uses one or more advertising mediums to affect, at any location, a measurable sale, lead, retail purchase, or charitable donation, with this activity, analyzed on a database for the development of ongoing mutually beneficial relationships between marketers and customers, prospects, or donors.
Direct advertising and marketing is the shape of speaking a suggestion, where companies speak at once to a pre-decided consumer and supply a way for a direct response. among practitioners, it's also known as direct response advertising. In contrast, advertising is of a mass-message nature.
response channels include toll-loose cellphone numbers, reply playing cards, reply bureaucracy to be despatched in an envelope, websites, and electronic mail addresses.
the superiority of direct marketing and the unwelcome nature of some communications has led to policies and laws inclusive of the CAN-spam Act, requiring that purchasers inside America be allowed to decide out. Direct advertising, the usage of catalogs, became practiced in 15th-century Europe. The writer Aldus Manutius of Venice revealed a listing of the books he offered for sale. In 1667, the English gardener, William Lucas, posted a seed catalog, which he mailed to his clients to tell them of his fees. Catalogs spread to colonial the USA, wherein Benjamin Franklin is believed to have been the first cataloguer in British the united states. In 1744, he produced a list of medical and educational books.
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mobile marketing: select one: a. utilizes mail and catalogs. b. utilizes high reach efforts. c. utilizes cell phones and forms of transportation. d. utilizes exposure methods. e. seeks high impact.
Mobile marketing utilizes cell phones and forms of transportation.
What is mobile marketing?Any form of advertising that uses mobile devices, such as tablets and smartphones, to advertise goods and services is known as mobile marketing. It uses characteristics of contemporary mobile technology, such as location services, to customize marketing campaigns according to a person's location.
Technology can be applied to mobile marketing to offer personalized promotions of products or services to a user who is always connected to a network.
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tracy is covered by a group dental insurance plan at work. at her latest check-up, the dentist notes that she needed crowns on two teeth. under her plan, if the cost of dental work will exceed $500, the dentist submits the treatment plan to the insurer to calculate what the plan will cover and what the employee will pay. this provision is known as a
Tracy is covered by a group dental insurance plan at work. Under her plan, if the cost of dental work will exceed $500, the dentist submits the treatment plan. This provision is known as a predetermination of benefits.
A predetermination of benefits is an estimate in writing from your dental insurer of the sum your dental plan will pay for a particular treatment based on data supplied by your dentist.
The predetermination technique used by SDC is beneficial to the patient as well as the treating dentist. Predeterminations help you, the patient, understand your financial obligations and guarantee that the planned service is covered by the dental plan.
Predeterminations can speed up claim payment because documentation criteria are met before treatment starts. A dentist must submit a predetermination if the planned treatment plan costs more than $400 or includes periodontal therapy.
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what are the roles of the states as economic globalization continues to grow? what makes these economies vulnerable?
Globalization additionally creates a sense of interdependence among nations, which should create an imbalance of power amongst countries of specific economic strengths.
The role of the nation-state in a world world is mostly a regulatory one as the chief factor in global interdependence.
What is the role of globalization in monetary development?In general, globalization decreases the fee of manufacturing. This means that organizations can provide goods at a decrease rate to consumers. The common fee of goods is a key component that contributes to increases in the standard of living. Consumers additionally have access to a wider variety of goods
Elements of monetary globalizationThe growth in cross-border economic things to do takes five fundamental forms: (1) global trade; (2) overseas direct investment; (3) capital market flows; (4) migration (movement of labor); and (5) diffusion of technological know-how (Stiglitz, 2003).
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https://brainly.com/question/25499191#SPJ4therefore, the net effect of an increase in the price level in the united states is that the amount of u.s. goods and services that are purchased will change in an unknown way. increase. decrease. not change.
Thus, the net effect of an increase in the price level in the United States is a decrease in the amount of goods and services purchased by Americans.
The price level is the average of prevailing prices across all goods and services produced in an economy. More generally, the price level refers to the price or cost of goods, services or security in the economy.
The price level has a significant impact on the purchase of goods and services, but also on the purchasing power of money. For example, if P is the amount needed to buy a specific quantity of goods and services, then one dollar can buy 1/P.
A network economy is a business economy that benefits from network effects. It is when the value of a good or service increases when others buy the same good or service.
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suburbanization within more developed countries is due to a. expanding urban territory. b. increasing employment opportunities. c. desire to change lifestyle. d. regional development. e. global investment.
Suburbanization within more developed countries is due to the desire to change lifestyle.
Suburbanization:
Suburbanization is the terms refers the growth and spatial reorganization of contemporary city. And the growth out of the compact city is the result of the flow of population, dwelling places, and commercial and industrial activities to new low-density settlements.
Given,
Here we need to find the reason for the suburbanization within more developed countries.
According to the definition of the suburbanization, the reason for the the suburbanization in the developed countries is the desire to change the lifestyle of the person.
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