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Svetach [21]
2 years ago
5

Marco has noticed that as older adults purchase tablets, they do not know much about how to use them and are frequently aggravat

ed. He decided he could earn a nice profit by developing courses and offering one-on-one help to aid his customers in overcoming their deficiencies. Although the business struggled at first, he is experiencing a good deal of success now. Marco has many satisfied customers, and the business has grown to the point where he now employs several workers, some of whom were previous clients. Marco's experience is an example of _________.
Business
1 answer:
Vadim26 [7]2 years ago
7 0

Answer:

Invisible Hand Concept

Explanation:

Based on the information provided within the question it can be said that in this scenario Marco's experience is an example of the Invisible Hand Concept. This concept describes the social benefits of an individual's actions. Such is Marco's experience in since he created the business in order to solve a problem, which he managed to accomplish and by doing so helped older adults with their problem and created job opportunities for various other individuals.

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How much money should timothy and tiffany deposit annually for 20 years in order to provide?
balandron [24]
Below is to complete the question;

<span>How much money should Timothy and Tiffany deposit annually for 20 years in order to provide an income of $30,000 per year for the next 10 years? Assume the interest rate is a constant 4%. 
</span>
 <span>Use the annual rate formula. 

You are given Future, F=$30,000 
You are given interest, i=4% or 0.04 
You are given time, n=10 years for future equation and n=20 years for annual equation. 

Plug those numbers in the formulas your teacher gave you.</span>
4 0
2 years ago
The defect rate for data entry of insurance claims at Sadegh Kazemi Insurance Co. has historically been about 1.50​%. This exerc
AURORKA [14]

Answer and Explanation:

Data provided in the question

defect rate i.e. \bar p = 1.50%

the sample size = n = 200

Now

S_p = \sqrt{\frac{\bar p (1 - \bar p)}{n} } \\\\= \sqrt{\frac{1.50\% (1 - 1.50\%)}{200} }

= 0.008595057

Now the 3 sigma control limits is

UCL_p = \bar p + 35p

= 0.015 + 3 (0.008595057 )

= 0.04078517

LCL_p = \bar p - 35p

= 0.015 - 3 (0.008595057 )

= 0

hence, the 3 sigma control limits are UCL 0.04078517 and LCL 0 respectively

7 0
2 years ago
The meal plan at University A lets students eat as much as they like for a fixed fee of €500 per semester. The average student t
julsineya [31]

Answer:

Average consumption will be higher at University A

Explanation:

In the given situation the fee of €500 will cater for food for the semester in University A. There is no limit stated but the average student eats 250kg.

This implies that there will be students that eat higher than 250kg here.

Since there is no limit to what they can eat, they eat as much as possible to maximise satisfaction.

In University B on the other hand there is maximum of 250kg covered by the fee of €500.

The average amount of food eaten will be below 250kg as all students eat either at or below the maximum amount

6 0
2 years ago
Read 2 more answers
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been o
kvasek [131]

Answer:

d. $8,300.

Explanation:

             Direct Materials

Beginning     8,200

Purchases   *16,800

Requisitions             18,400

Ending          6,600

We solve for purchases:

6,600 + 18,400 - 8,200 = 16,800

WIP Inventory

Beginning                7,700

Materials                18,400

Labor                     13,700

Overhead               8,200

Transferred Out    <u>             39,700*</u>

Ending                    8,300

The transferred-out from WIP inventory is the transferred-in for Finished Goods

8 0
2 years ago
Which of the following statements describe people who have a strong external locus of control? Check all that apply. They are li
earnstyle [38]

Answer:

The correct answers are letters "B", "D" and "E": They are easy to manage, because they are likely to do what they are told; They believe that luck plays an important role in life; They are hard to motivate.

Explanation:

In psychology, locus of control refers to the attributions individuals give to their experiences related to success or failure. People with an internal locus of control believe their success is the result of their efforts. These individuals are more willing to learn. On the other hand, individuals with an external locus of control believe in faith or luck and are reluctant to learn new things.

Thus, <em>someone who does what is told, who believes in luck and is hard to motivate has a strong external locus of control.</em>

7 0
2 years ago
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