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Reptile [31]
2 years ago
12

Ashley received a raise at work that increased her monthly income from $1,000 to $1,250. Last year, Ashley bought 20 slices of c

heesecake for her birthday party. Due to her increase in income, she is able to buy 24 slices for her birthday this year. Using the mid-point formula, the income elasticity is _________ and the cheesecake slices are __________ goods.
Business
1 answer:
zysi [14]2 years ago
8 0

Answer:

0.8; normal

Explanation:

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What are the typical sources for gathering factual data for informal reports? check all that apply. printed material surveys and
Liono4ka [1.6K]

<span>A good report is based on compact, precise, provable pieces of evidence. The typical sources for gathering factual data for informal reports include all in the list, the printed material, surveys and questionnaires, electronic resources and by observation. Printed material will help you to spot past performance and procedures used to explain former glitches. Data from collections of individuals can be made from using surveys, questionnaires, and inventories. Interviewing people directly involved with the issue creates outstanding main data.</span>

5 0
2 years ago
One inherent risk to using lean philosophy is that companies are at higher risk of inventory shortage during volatile times such
olganol [36]

Answer:

True

Explanation:

As in the lean philosophy the production is based on specific customer demands, there are chances that when the order is received then the inventory required is not present and that the inventory is not held in hand.

Whereas in the traditional philosophy the production is based on the principle of budgets and sales forecast, accordingly the sales keeps on moving and the inventory is also held in hand prior to confirmation of order from customers.

Since there is no planning before the order is received from customers under lean, in emergency cases, or scarcity of resources, the inventory will fall short, and acquisition of inventory would not be easy.

6 0
2 years ago
Imagine that you have received an overdraft notice on your checking account. Which steps should you take? Sort these options int
attashe74 [19]

Answer:

"Actions To Take"

Check my records first

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"Actions To Avoid"

Set the note aside and wait until later

6 0
2 years ago
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The reason the substitution effect works to encourage a consumer to buy less of a product when its price increases is:
ikadub [295]

Answer:

The correct answer is the option C: the product is now relatively more expensive than it was before.

Explanation:

To begin with, the <em>substitution effect</em> is the term that, in economics, refers to the situation where a products or services increase or decrease its value in comparison with other and therefore it causes a substitution from the consumer regarding that change in the price.

Secondly, in the case where a product increases its price the substitution effect will cause that the consumer decides to purchase other products due to the fact that the first product is now relatively more expensive than it was before and therefore a substitution of the good takes place.

8 0
2 years ago
Regression analysis models helped Avon realize that employee benefits and the appointment fee that representatives pay for mater
12345 [234]

Answer:

False

Explanation:

Correlation tells you if there is association between two or more variables. Regression analysis model allow you to predict one variable from the other.

7 0
2 years ago
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