______ is the ability to change and be flexible as problems arise and priorities shift.

In a survey undertaken by a university to gauge student satisfaction in its online MBA program, one question asked students to i

user100 [1]

Answer:

C. This variable is categorical

Explanation:

A categorical or discrete variable is one that has two or more categories (values). There are two types of categorical variable, nominal and ordinal.

A nominal variable has no intrinsic ordering to its categories. For example, gender is a categorical variable having two categories (male and female) with no intrinsic ordering to the categories.

An ordinal variable has a clear ordering. For example, temperature as a variable with three orderly categories (low, medium and high).

Hence, the variables used in this scenario is an ordinal variable because it has a clear ordering.

5 0

1 year ago

Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that at your university, you

Georgia [21]

Answer:

The opportunity cost is $130,000 for the four year duration.

Explanation:

Here, it is clear that I will not go to the job, so going to university is the only option left. Now, the loss of the job income is also an opportunity cost with an amount $20,000 which will aggregated with the University specific costs.

University Specific cost for 4 Years = 4 * (Tuition Cost + Textbooks + Job Opportunity loss)

The room and board cost is common between college and the university so it must not be considered for the decision making.

By putting values, we have:

University Specific cost for 4 Years = 4 * ($10,000 + $2,500 + $20,000)

University Specific cost for 4 Years = $130,000 for the four years

The opportunity cost is $130,000 for the four year duration.

For better understanding of relevant costing (Opportunity cost analysis), consider the following question:

brainly.com/question/14423321

3 0

1 year ago

The 7 percent semiannual coupon bonds of Over The Counter, Inc., are selling for $1,102.25. The bonds have a face value of $1,00

levacccp [35]

Answer:

YTM = 2.84%

Explanation:

We know,

YTM = $\frac{I + \frac{M - V_{0}}{n} }{\frac{2M + V_{0} }{3}}$

Here,

I = Coupon payment = It is calculated by multiplying the coupon interest rate by the par value of the bond.

M = Bond's par value.

Vo = Bond's current market price.

n = Number of years or periods.

Given,

n = 18

I = Semiannual coupon bonds rate = $1,000*7%*(1/2) = $70 ÷ 2 = $35

M = Par value of a bond = $1,000

Vo = Market value of the bond = $1,102.50

Therefore,

YTM = $\frac{35 + \frac{1,000 - 1,102.25}{18} }{\frac{2*1,000 + 1,102.25}{3}}$

or, YTM = $\frac{35 - 5.68}{\frac{3,102.25}{3}}$

or, YTM = $29.32 ÷ $1,034.08

or, YTM = 0.0284

Therefore, YTM = 2.84%

5 0

2 years ago

Fatima is struggling in her job and is experiencing increased dissatisfaction. She related to you that her manager has been unfa

oee [108]

Answer:

Cognitive dissonance

Explanation:

Cognitive dissonance is a psychological notion when an individual experiences thoughts and emotions that are not consistent (no matter the environment). In this example, it was expected from Fatima to quit her job (since she hated the manager). In spite of that, she continued to work. That caused the cognitive dissonance in her behavior, as she changed her attitude.

6 0

2 years ago

Birch Manufacturers has provided the following information regarding the two products that it sells: Jet Boats Ski Boats Sales

dezoksy [38]

Answer:

A. 58 jet boats and 23 ski boats

Explanation:

Break even point is the level of activity at which a firm neither makes a profit nor a loss.

First determine the sales mix :

Note : Birch sells five jet boats for every two ski boats sold

thus the mix is 5:2

Then calculate the contribution per batch

Jet Boats = $8,000 - $6,000 =$2,000

Ski Boats = $24,000 - $ 16,000 = $8,000

Total Contribution per batch = ((5×$2,000) + (2 ×$8,000))

= $ 26,000

Calculate the batch contribution

Break - even Point = Fixed Cost / Contribution per batch

= $300,000 / ((5×$2,000) + (2 ×$8,000))

= $300,000 / $ 26,000

= 11.54

Use the sales mix to determine the units to break even in the batch

Jet Boats = 11.54 × 5

= 57,7

= 58

Ski Boats = 11.54 × 2

= 23,08

= 23

Thus the units sold to break even would be : 58 jet boats and 23 ski boats

6 0

2 years ago