A(n) ________ is an individual who represents a company to customers by prospecting, communicating, selling, servicing, information gathering, and/or relationship building.
Answers
A salesperson is an individual who represents a company to customers by prospecting, communicating, selling, servicing, information gathering, and/or relationship building.
A salesperson plays a crucial role in the company's sales process. They actively seek out potential customers, engage in effective communication to understand their needs, and present the company's products or services in a persuasive manner. Through their efforts, salespeople aim to close deals and generate revenue for the company. They also provide after-sales support, addressing customer queries and concerns to ensure customer satisfaction.
In addition, salespeople gather important information about market trends, customer preferences, and competitors, which helps the company in making informed business decisions. Building strong relationships with customers is also a key aspect of a salesperson's role, as it fosters loyalty and repeat business. Overall, a salesperson is a vital link between the company and its customers, driving sales growth and customer satisfaction.
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Related Questions
given a parent initially purchased brand b, the probability that this parent purchases brand b on the second purchase is
Answers
Assuming there are no external factors influencing the purchase decision, the probability of a parent purchasing brand b on the second purchase after initially purchasing brand b depends on the brand loyalty of the parent.
If the parent is loyal to brand b, the probability of them purchasing it again is high. However, if the parent is not loyal to the brand and is open to trying other options, the probability of them purchasing brand b again may be lower. Other factors such as availability, pricing, and promotions can also influence the decision. Therefore, it is difficult to give a specific probability without more information.
Given that a parent initially purchased Brand B, the probability that this parent purchases Brand B on the second purchase is:
1. Identify the probability of the parent purchasing Brand B initially. Let's call this probability P(B1).
2. Determine the probability that the parent will purchase Brand B again on the second purchase, given that they purchased it initially. Let's call this probability P(B2|B1).
3. The probability you are looking for is P(B2|B1). This represents the probability that the parent purchases Brand B on the second purchase, given that they purchased Brand B initially.
Please note that to calculate the actual probability value, you'll need the specific probabilities for P(B1) and P(B2|B1) provided in your question or data source.
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proponents of cuts in income tax rates argue that when income tax rates are cut, workers have an incentive to increase their work hours. this argument is based on the assumption that
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The argument that proponents of cuts in income tax rates put forward, suggesting that workers have an incentive to increase their work hours.
When tax rates are reduced, is based on the assumption that individuals respond to changes in financial incentives.
Specifically, it assumes that when tax rates are lowered, workers will see an increase in their take-home pay and, as a result, will be motivated to work more hours in order to earn additional income.
The underlying assumption is that individuals are rational economic actors who seek to maximize their personal economic well-being.
According to this perspective, lower tax rates can be seen as an incentive for individuals to engage in more productive activities, such as working longer hours, to increase their overall income.
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A $1000 face value coupon bond with a $60 coupon payment every year has a coupon rate of
A. 0.6 percent.
B. 5 percent.
C. 6 percent.
D. 10 percent.
Answers
C. 6 percent, $Coupon\ Rate = \frac{Coupon\ Payment}{Face\ Value}$
$Coupon\ Payment = $60, $Face\ Value = $1000, So, $Coupon\ Rate = \frac{60}{1000} = 0.06 = 6%$ Therefore, the coupon rate is 6 percent.
What is the relationship between coupon rate and yield to maturity?The coupon rate and yield to maturity are related but not the same thing. The coupon rate represents the fixed annual income received from a bond, while the yield to maturity takes into account the current market price of the bond and any capital gain or loss from holding the bond until maturity.
How does a change in interest rates affect the coupon rate?A change in interest rates can have a significant impact on the coupon rate of a bond. When interest rates rise, the value of existing bonds with lower coupon rates tends to fall, and the coupon rate on new bonds issued tends to increase. Conversely, when interest rates fall, the value of existing bonds with higher coupon rates tends to rise, and the coupon rate on new bonds issued tends to decrease.
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where is my brother kadin
Answers
where did u see him last
Who is Patrick Jorgenson? What does he do for a living?
Answers
Answer:
I think you mean Patrick Jørgensen
Explanation:
He is a musical artist and if you don't mean Patrick Jørgensen I'm sorry
make an advertisement for an existing product
Answers
The most effective method to Make a Promotion
Pick Your Interest group.
Lead Advertising Exploration.
Pick Your Foundation.
Settle on a Tight spending plan.
Create a Message.
Get Individuals Talking.
Conclude What You're Building.
Incorporate a CTA.
Remember the Subtleties
Make Test Promotions
Foster Inventive Resources
Decide Estimations of Achievement and Set Up Following
Send off Your Promotion
Track and Break down Execution
Make Changes, Wash, Rehash
if example your a newbie and inexperienced what kind of business would you do in your newly made business account also if your interested in Nightcore songs and an underage?
Answers
Answer:
I want be doctor but still I can do the business of handicrafts . I don't like nightcore songs .
Answer:
wanna be a doctor if I want buissnes maybe art I donno.
Explanation:
do you watch anime which one
The ability to understand people is ____ to the success of cosmetologist.
Answers
Answer:
Customer service
Explanation:
Hope this helps~! :D
During which of the following phases of the customer life cycle do win-back processes categorize customers according to value?
Answers
During the win-back processes of the customer life cycle, customers are categorized according to their value. This takes place during the post-purchase phase.
A customer life cycle is a marketing model that describes the process through which customers interact with a company.
It comprises five phases: awareness, acquisition, conversion, retention, and win-back. Each stage represents a unique opportunity for a company to build relationships with its customers. The Five Stages of the Customer Life Cycle are described below:
Awareness: This is when the customer first becomes aware of the company.Acquisition: The customer is convinced to make a purchase.Conversion: The customer makes a purchase and becomes a client.Retention: This stage focuses on keeping the client's attention and loyalty.Win-back: When a client has left, the objective is to encourage them to come back. A win-back strategy aims to bring back customers who have previously bought from the company. This phase includes identifying the reason for the departure and taking steps to prevent it from happening again. One approach to this is to categorize the customers based on their value.During the win-back processes of the customer life cycle, customers are categorized according to their value. This takes place during the post-purchase phase. A customer life cycle is a marketing model that describes the process through which customers interact with a company.
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in 2010, approximately what percentage of the public debt was held by foreign individuals and institutions?
Answers
In 2010, approximately 47% of the public debt was held by foreign individuals and institutions. This means that almost half of the United States' debt was owed to foreign entities, such as foreign governments, central banks, and investors. This level of foreign ownership of U.S. debt has raised concerns about the country's economic stability and national security.
One reason for the high level of foreign ownership is that the U.S. government has relied on borrowing to finance its spending, including funding for wars, social programs, and tax cuts. Foreign investors, particularly from China and Japan, have been willing to lend money to the U.S. government because of the perceived safety and stability of U.S. Treasury bonds. However, the high level of foreign ownership also means that the U.S. economy is vulnerable to fluctuations in foreign investors' attitudes and actions. For example, if foreign investors were to suddenly sell off their holdings of U.S. debt, it could cause a sharp increase in interest rates and destabilize the economy. Therefore, policymakers must consider ways to reduce the U.S. debt and increase domestic ownership of U.S. Treasury bonds.
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URGENT, PLEASE HELP!
.5 Suppose the production function is p(W, L) = W5 + L5, the price of W is $4, the price of L is $1, and the price of the output is $10. What values for W and I will maximize the profit given this inf
Answers
The production function is given as follows: p(W, L) = W5 + L5Price of W = $4 Price of L = $1 Price of the output = $10 Now we need to find the optimal values for W and L to maximize the profit.
Let's begin by writing the profit function. Profit = Revenue - CostCost = (Price of W x W) + (Price of L x L)Revenue = Price of the output x Output is given by the production function.
So, substituting the values we get Profit = (10(W5 + L5)) - (4W + L)Now we need to differentiate this function with respect to W and L respectively to find the values which maximize profit.∂ Profit/∂W = 50W4 - 4∂ Profit/∂L = 50L4 - 1 Equating the derivatives to zero, we get 50W4 - 4 = 0 => W4 = 4/50 => W4 = 0.08W = 0.77 (approx.)50L4 - 1 = 0 => L4 = 1/50 => L4 = 0.02L = 0.47 (approx.)
The optimal values for W and L are 0.77 and 0.47 respectively.
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An import quota
• 1) limits the amount of a good that can be imported, thus decreasing prices,
• 2) limits the amount of a good that can be imported, thus increasing prices.
• 3) increases the amount of a good imported, thus decreasing prices,
•4) increases the amount of a good imported, thus increasing prices.
Answers
An import quota limits the amount of a good that can be imported, thus decreasing prices. Option 1 is the correct answer.
An import quota is a trade restriction imposed by a government that limits the quantity or value of a particular good that can be imported into a country. The purpose of an import quota is to protect domestic industries by restricting foreign competition. When an import quota is implemented, it restricts the supply of the imported good in the domestic market. With a limited supply, the demand-supply dynamics come into play. The decrease in the quantity of imported goods available leads to a decrease in competition among suppliers, and this can result in a decrease in prices.
By limiting the amount of a good that can be imported, the import quota reduces the availability of cheaper imported alternatives in the domestic market. This decreased competition can lead to higher prices for the imported goods that are allowed to enter the market. Additionally, the limited supply may create an artificial scarcity, which can further drive up prices. Therefore, it is option 1 that accurately describes the impact of an import quota: it limits the amount of a good that can be imported, thus decreasing prices.
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mary was an elevator operator in a large historic building. during the normal course of her work one day, ascending from the first to the twelfth floor, the elevator began to swing back and forth and the compensation chain became unhooked on a rail bracket and broke under tension. as the elevator shook, mary hit her head and shoulder against the side of the elevator. approaching the twelfth floor and fearing for her life, mary reversed the direction of the elevator and leapt on to the eleventh floor, sustaining more injuries. mary is bringing a negligence suit against the building management and the maintenance supervisor. according to the ruling from escola v. coca cola, the doctrine of res ipsa loquitur is:
Answers
The doctrine of res ipsa loquitur is a legal principle that states that the facts of a case may permit an inference of negligence without direct proof, as long as certain conditions are met.
Res ipsa loquitur is a legal term that refers to a legal theory that presumes a defendant is liable for an injury caused to the plaintiff because the accident was such that it would not have happened without the defendant's negligence.
The burden of proof shifts from the plaintiff to the defendant to show that they were not negligent. Escola v. Coca-Cola Bottling Co. is a case that provides the doctrine of res ipsa loquitur in the legal system. The case of Escola v. Coca Cola is a famous case in the history of legal history that explains the doctrine of res ipsa loquitur.
The case was about a waitress named Gladys Escola, who was injured after a bottle of Coca-Cola exploded in her hand while she was stocking the cooler with Coca-Cola bottles. The court ruled that the doctrine of res ipsa loquitur applied in this case, meaning that the burden of proof shifted to the defendant to show that they were not negligent.
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what are the responsbilities of the hr department
Answers
Answer:
The key functions an HR department include labor law compliance, recruiting, staff training and development, payroll, record keeping and employee relations.
Explanation:
The human resources department handles many necessary functions of your business. It is instrumental in providing labor law compliance, record keeping, hiring and training, compensation, relational assistance and help with handling specific performance issues. These functions are critical because without those functions being completed, your company would not be able to meet the essential needs of management and staff.
What is business office what are they established
Answers
Answer:
A business office is one which is established by the individuals or government for the production and distributions of goods and services with a view of earning money by satisfying the consumers.
Explanation:
They are established by the industrial,trading and service businesses.
PLEASE ANSWER BOTH OF THE QUESTIONS PLS!!!!!!!!!!!!!!!!!!!!
Answers
The building blocks for a sales database in this graphic consist of four tables of different information that is all related: salespeople, department, product, and product quantity. Each table’s non-key attributes are fully functionally dependent on that table’s primary key alone. Which normal form is this data in?
Unstructured
First
Second
Third
Answers
The building blocks for a sales database in this graphic consist of four tables of different information that are all related: salespeople, department, product, and product quantity. So, here, the correct option is the third normal form, which is the last option.
The Third Normal Form (3NF) states that all non-key attributes in a table must be functionally dependent on the primary key and nothing but the primary key. In other words, no transitive dependencies should exist. Transitive dependencies occur when an attribute depends on another attribute that is not part of the primary key. In this case, each table's non-key attributes are fully functionally dependent on that table's primary key alone.
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an excessive focus on efficiency over all other things (e.g., worker engagement, job satisfaction) that characterized early scientific management was called . group of answer choices
Answers
The excessive focus on efficiency over all other things that characterized early scientific management was called "Taylorism." This term was coined after Frederick Winslow Taylor, an American mechanical engineer who developed and popularized this approach to management in the late 19th and early 20th centuries.
Taylor believed that the key to maximizing productivity and profits was to break down every task into its smallest components, and then to use scientific methods to analyze and optimize each step. He advocated for strict control over workers' actions, using time-and-motion studies to determine the most efficient way to perform each task, and then training workers to follow these procedures precisely.While Taylor's approach did lead to significant gains in productivity and efficiency, it also had negative consequences for workers. They were often treated as little more than cogs in a machine, with no input into the way their jobs were structured or performed. They had little opportunity for creativity or innovation, and were often subjected to grueling work schedules and unrealistic expectations.As a result, Taylorism was criticized by many for its dehumanizing effects on workers. In response, later management theorists developed alternative approaches that placed greater emphasis on worker engagement, job satisfaction, and other aspects of organizational culture. However, the legacy of Taylorism continues to influence many aspects of modern management, particularly in manufacturing and other industries where efficiency is a top priority.
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Most businesses use __________ networks.
wired
wireless
Answers
Answer: wired
Explanation:
wired is the cheapest
Trial courts determine if a will is valid or not. O True O False
Answers
Answer:
A valid will has to be in writing, and signed by the testator in the presence of two witnesses, who must also attest the will. If the process is not followed to the hilt, the will can be challenged in the court of law. So the answer is true.
Having graduated from UCF with a degree in finance, you can now afford to buy a $120,000 house. Suppose you pay 20% as a down payment and finance the rest for 30 years at 8%. Assuming house payments occur at the end of each month, what will be the amount of your monthly payment
Answers
The monthly payment for a $120,000 house, with a 20% down payment and financed for 30 years at 8%, will be approximately $702.16.
To calculate the monthly payment, we can use the formula for a fixed-rate mortgage payment.
First, find the loan amount by subtracting the down payment from the total house price:
$120,000 - (20% * $120,000) = $96,000.
Next, calculate the monthly interest rate by dividing the annual interest rate by
12: 8% / 12 = 0.0067.
where P is the monthly payment, r is the monthly interest rate, A is the loan amount, and n is the total number of payments (30 years * 12 months = 360).
Now, we can plug these values into the formula:
P = (r * A) / (1 - (1 + r)^(-n)),
P = (0.0067 * $96,000) / (1 - (1 + 0.0067)^(-360)).
= $702.16.
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Son los que se produjeron en determinado periodo: los costos de los productos vendidos o los costos de los que se encuentran en proceso
Answers
La respuesta correcta para esta pregunta abierta es la siguiente.
A pesar de que no se anexan opciones o incisos para responder, podemos decir lo siguiente.
Aquí estamos hablando de los costos históricos. Estos costos son los que se produjeron en determinado periodo: los costos de los productos vendidos o los costos de los que se encuentran en proceso.
Un buen contador dentro de la empresa, se basará en estos costos históricos para poder predecir o proyectar los costos predeterminados y tener cierta información de lo que puede suceder a corto o mediano plazo.
Recordemos que esos costos predeterminados son necesarios para que los contadores puedan elaborar presupuestos lo más apegados a la realidad y se puedan ajustar con el tiempo. Para elaborar estos costos predeterminados, el contador hace uso de herramientas estadísticas.
Which best describes the types of indicators that the HDI measures?
O economic and industrial indicators
O infrastructure and social indicators
O social and economic indicators
O stability and social indicators
Answers
Answer:
O social and economic indicators
Explanation:
The Human Development Index (HDI) is a statistic used to measure a country's achievements in different aspects of its social and economic welfare. The united nations developed HDI to evaluate different dimensions of human development in a country. Dimensions of human development refer to people's health, educational level, and standards of living.
The HDI makes comparisons between countries by analyzing components such as average annual income and educational achievements.
Social and economic indicators is best describes the types of indicators that the HDI measures. The HDI analyzes factors such as average annual income and educational achievements to directly compare between countries.
What is HDI ?The Human Development Index is a metric that assesses a country's progress in various areas of social and economic development.
HDI was created by the United Nations to assess many aspects of a country's human development. Human development dimensions include people's health, educational attainment, and living conditions.
Thus, option C is correct.
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Why doesn't the Lorax do anything to stop the Once-ler (hint: he's a symbol)? What does this tell us
about the future of business decisions?
Answers
Answer:
The Lorax is a symbol of environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. This tells us that if we do not take steps to balance economic growth and environmental sustainability, it could lead to long-term negative consequences for the environment and future business decisions.
Explanation:
The Lorax is a children's book by Dr. Seuss that explores the environmental impact of economic growth and consumerism. In the story, the Once-ler begins cutting down Truffula trees to make a product called Thneeds, despite the warnings of the Lorax, who speaks for the trees and the animals that depend on them.
The Lorax represents environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. The Once-ler's actions are driven by his desire for profit, and he continues to cut down trees despite the negative impact it has on the environment. The Lorax, as a symbol of environmental awareness, is unable to stop the Once-ler from destroying the ecosystem, which ultimately leads to the disappearance of the Truffula trees and the animals that depend on them.
This lack of balance between economic growth and environmental sustainability is a lesson that has implications for future business decisions. If businesses prioritize profit over environmental sustainability, it could lead to long-term negative consequences for the environment, which could ultimately harm the economic viability of those businesses. It is important for businesses to consider the environmental impact of their decisions and take steps to balance economic growth and sustainability for the long-term health of the environment and economy.
Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
Answers
A family can have more than one person contributing to the household income for a better financial position.
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please help. I will mark you as brainliest !!
A characteristic often associated with entrepreneurship is ___
A. passiveness
B. routine
C. security
O D. risk
Answers
Answer:
risk
Explanation:
b because usually entrepreneurs risk everything making they business grow.
The correct option is D. A characteristic often associated with entrepreneurship is Risk.
Entrepreneurship is both a challenge and a great opportunity, and it takes certain qualities to be successful. There's no right or wrong way to be an entrepreneur.
What does entrepreneurship mean?An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. Entrepreneurship is the practice of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.
Entrepreneurship is a challenge as well as a fantastic opportunity, and success requires a certain set of skills. Being an entrepreneur is something that can be done in any way. With time, experience, and training, traits and behaviors like experimentation, perseverance, and invention can be acquired.
A person who takes on the risk involved in starting, running, and owning a business. persistent. adamant about overcoming obstacles and pursuing their objectives in order to succeed in business.
Thus, Entrepreneurs are people who launch new businesses, bearing the bulk of the risks and getting the majority of the rewards.
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I am Stuck Please Help
Interview five family members or friends. Ask them how many vegetable snack packs they would buy in a seven-day week at these prices: $2.75, $3.25, $4.75, $5.25, and $6.00. Make a table to record the quantities of snack packs they would purchase at each price. Give at least two reasons why you think the price of a product might vary.
Give at least two reasons why a consumer might buy more or less of something depending on the price. Write two paragraphs discussing the relationships between price and demand, and supply and demand.
Ask at least five people of various ages the following questions: Do you believe the economy is in dire straits? Why or why not? What do you see as the outcome of the current downturn? How are you directly affected, and what worries you about the state of the economy? Do you believe it can be "fixed"? If so, how?
Answers
Answer:
Explanation:
In other words, the higher the price, the lower the quantity demanded. The amount of a good that buyers purchase at a higher price is less because as the price of a good goes up, so does the opportunity cost of buying that good.
the primary purpose of the fair test is to make sure that business communications are multiple choice concise. error-free. ethical. accessible. understandable.
Answers
The primary purpose of a fair test is to ensure that business communications are ethical, error-free, accessible, and understandable. Option B,C,D,E
A fair test is a process used to evaluate the effectiveness of a communication or message. It helps businesses ensure that their communications are clear, concise, and easy to understand by the target audience.
The fair test also ensures that the information presented is accessible to everyone, including people with disabilities. This means that the communication is presented in a way that is easy to read, hear, and understand.
Additionally, the fair test helps businesses avoid making errors in their communications. This is important because errors can cause confusion, misunderstandings, and damage to the reputation of the business.
Finally, ethical considerations are an essential part of the fair test. Ethical communication practices ensure that businesses are honest and transparent in their communications, and they avoid misleading or manipulating their audience.
In conclusion, the primary purpose of the fair test is to ensure that business communications are ethical, error-free, accessible, and understandable.
This helps businesses communicate effectively with their audience and avoid potential negative consequences. So the correct answers are Option B,C,D,E.
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The owner of a chicken processing plant makes $1,000,000 per year from his chicken processing plant, and $1,000,000 per year from other sources. He notices that a total of $30,000 worth of chickens per year are being taken home by his 100 employees to supplement their minimum wage living standards (this works out to less than $6 per week per employee). These chickens are being taken out through the fire safety doors, so the owner is considering blocking the doors permanently. This is against the law because any reasonable person knows that sealing fire doors kills people in the event of a fire. The probability of a fire is 0.01 per year (one percent per year). If a fire breaks out it will be discovered that the owner sealed the safety doors, and the owner will have to pay $F = 700, 000 worth of fines and legal fees. The owner's von NeumannMorgenstern utility function is u(x) = √x where x is the owner's income in a given year. The owner cares only about x.
Answers
Answer:
1. 1,403.567
2. 1,411.473
3. Algebraic expression 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05
4. 1,877,600
5. 1411.761
Explanation:
1. Computation for the owner’s expected utility if he leaves the fire doors unsealed.
First step is to calculate the Owner's income if he leaves the doors unsealed
Owner's income if he leaves the doors unsealed=1,000,000 +1,000,000-30,000
Owner's income if he leaves the doors unsealed=1,970,000
Now let determine the expected utility if he leaves the doors unsealed
Expected utility=1,970,000^0.5
Expected utility=1,403.567
Therefore the expected utility if he leaves the doors unsealed will be 1,403.567
2. Calculation to determine the owner’s expected utility if he permanently seals the doors
First step is to calculate the The Owner's expected income if he seals the door
Owner's expected income if he seals the door=1,000,000 +1,000,000-700,000*0.01
Owner's expected income if he seals the door= 1,993,000
Now let calculate the Expected utility if he leaves the doors sealed
Expected utility if he leaves the doors sealed= 0.99*2,000,000^0.5+0.01*1,300,000^0.05
Expected utility if he leaves the doors sealed=1,411.473
Therefore The Expected utility if he leaves the doors sealed is 1,411.473
3. Calculation to determine the algebraic expression for the owner’s expected utility as a function
First step is to calculate the The owner's expected income with a fine F
Owner's expected income with a fine F= 1,000,000 +1,000,000-F*0.01
Owner's expected income with a fine F = 2,000,000-0.01F
Now let determine The algebraic expression for the owner's expected utility if he seals the door with a fine F
Algebraic expression= 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05
Therefore The Algebraic expression is 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05
4. Calculation to solve for the minimal fines and legal fees that will make the owner decide not to seal the doors using the expression from the previous problem and the owner’s expected utility if he leaves the fire doors unsealed
Based on the information given the owner may decide that he won't seal the door In a situation where the expected utility from sealing is as well equal to the expected utility from not sealing the door which was Calculated as:
0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05=1403.567
Now let calculate Fines and legal fees
Fines and legal fees=(2,000,000-F)^0.05=100(3.49857)= 349.857
Fines and legal fees=2,000,000-349.857^2=1,877,600
Therefore based on the above calculation in a situation were the Fines as well as the legal fees are equal to or higher than F=1,877,600 which means that the owner may decide not to seal the doors.
5. Calculation to Find the C that gives the plant owner complete coverage
First step is to calculate the owner expected utility will in a situation were the owner contributes $C to state politicians
Expected utility= 0.99*(2,000,000-C)^0.5+0.01*(1,300,000+100C)^0.05
Second step is to calculate the The plant owner complete coverage when 100C=700,000
Plant owner complete coverage=700,000/100
C=7000
Third step is to calculate what the owner will likely make this contribution if the expected utility is:
0.99*(2,000,000-C)^0.5+0.01*(1,300,000+100C)^0.05 is greater than 0.99*2,000,000^0.5+0.01*1,300,000^0.05
=1411.473
Hence,
0.99*(1,993,000)^0.5+0.01*(2,000,000)^0.05= 1411.761
Therefore the owner expected utility in a situation were the owner contributes $C to state politicians is 1411.761
why is it important that decision-making starts by recognizing that a problem exists?
Answers
Answer:
Explanation:
Decision-making starts by recognizing that a problem exists.
When we recognize the problem, then we could easily look out for solutions and make decisions accordingly which increases the decision-making ability of a person.
We research and gather problems and information then we need to identify solutions following which we can make decisions accordingly,