Answer:
True
Explanation:
All of the following tests are included in the ethical decision-making metric exceptA) the admired observer test.B) the legality test.C) the moral mentor test.D) the publicity test.E) the transparency test.
The ethical decision-making metric typically includes tests such as the legality test, the moral mentor test, and the admired observer test.
What is the legality test?The legality test refers to whether the decision aligns with the laws and regulations in place. The moral mentor test involves considering what a respected moral authority, such as a religious figure or personal hero, would do in a similar situation. The admired observer test involves asking how one's actions will be perceived by those they admire and respect.
Option D, the publicity test, is not typically included in the ethical decision-making metric. The publicity test refers to whether a decision would be considered ethical based on how it would be perceived by the public. While public perception can be a factor in ethical decision-making, it should not be the sole determining factor.
Option E, the transparency test, also may not be included in the ethical decision-making metric but it is an important aspect of ethical decision making. Transparency refers to being open and honest about one's actions, and ensuring that all relevant information is disclosed. This helps to build trust and accountability, and ensures that decisions are made in an ethical and responsible manner. Ultimately, the specific tests included in an ethical decision-making metric may vary, but the aim is to help individuals make decisions that are in line with their values, principles, and the greater good.
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larkspur music school bororowed 38400 from the bank signing a 6%, 6-month note on novemeber 1/ pricipal and interest are payabkle to th ban k on may 1. if the company prepared monthly fincial statements, what adjusting entry should the company make at novemeber 30 with regard to the note (round answer to the nearest dollar)?
The adjusting entry that Larkspur Music School should make at November 30 with regard to the note is to record the accrued interest expense for the month of November.
To calculate the accrued interest expense, we need to determine the interest accrued for the period from November 1 to November 30.
Step 1: Calculate the interest accrued for the month:
Principal amount borrowed: $38,400
Interest rate: 6%
Time period: November 1 to November 30 (30 days)
Interest accrued = Principal amount x Interest rate x Time period
Interest accrued = $38,400 x 0.06 x (30/365)
Interest accrued ≈ $314.25
Step 2: Record the adjusting entry:
Debit: Interest Expense
Credit: Interest Payable
The adjusting entry should be:
Debit: Interest Expense $314 (rounded to the nearest dollar)
Credit: Interest Payable $314 (rounded to the nearest dollar)
By making this adjusting entry, Larkspur Music School will recognize the expense of the interest that has accrued for the month of November. This adjustment ensures that the financial statements reflect the accurate interest expense incurred during the period.
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the following transactions occurred for lantana company during its first month of operations and have been recorded in the t-accounts below. a. received $50,000 cash from owners in exchange for common stock. b. purchased land for $20,000, paid $5,000 in cash and signed a 2-year note for the remainder. c. bought $900 of supplies on account. d. purchased $10,000 of equipment, paying cash. e. paid $500 on account for supplies purchased in transaction (c).
a. Common stock account b. Notes Payable account c. Supplies account d. Equipment account e. Accounts Payable account
These transactions reflect the various ways that a new business can acquire assets (such as cash, land, supplies, and equipment) and liabilities (such as notes payable and accounts payable) as it begins its operations.
Based on the information, here is a breakdown of the transactions that occurred for Lantana Company during its first month of operations:
a. Received $50,000 cash from owners in exchange for common stock. This is a typical initial transaction for a new business, as owners contribute capital in exchange for ownership (represented by shares of stock). This transaction would increase the Cash account and increase the Common Stock account.
b. Purchased land for $20,000, paid $5,000 in cash and signed a 2-year note for the remainder. This transaction involves both a cash payment and a note payable (a liability). The land purchase would be recorded as a debit to the Land account and a credit to the Cash account (for the amount paid in cash). The remaining amount would be recorded as a debit to the Land account and a credit to the Notes Payable account.
c. Bought $900 of supplies on account. This transaction involves a purchase on credit (where payment is due at a later date). The purchase would be recorded as a debit to the Supplies account and a credit to the Accounts Payable account.
d. Purchased $10,000 of equipment, paying cash. This transaction involves a purchase of equipment (a long-term asset) and a payment in cash. The purchase would be recorded as a debit to the Equipment account and a credit to the Cash account.
e. Paid $500 on account for supplies purchased in transaction (c). This transaction involves a payment on a previous purchase made on credit. The payment would be recorded as a debit to the Accounts Payable account and a credit to the Cash account.
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Money needed to operate a business
Answer:
According to the U.S. Small Business Administration, most microbusinesses cost around $3,000 to start, while most home-based franchises cost $2,000 to $5,000. While every type of business has its own financing needs, experts have some tips to help you figure out how much cash you'll require
Explanation:
1. Mohammed is analyzing the performance of its cash management. On average, the firm holds inventory 65 days, pays its suppliers in 35 days, and collects its receivables in 15 days. The firm has a current annual outlay of $1,960,000 on operating cycle investments. Mohammed currently pays 10 percent for its negotiated financing. (Assume a 360 day year.) a. Calculate the firm's cash conversion cycle. (1.5 MARKS) b. Calculate the firm's operating cycle. (1.5 MARKS) c. Calculate the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days.(1 MARK)
2. If a firm has fixed costs of $52,000, a variable cost per unit of $3 and sales price per unit of $14, what is the firm’s breakeven point in units?(4 MARKS)
3. The Marwell Corporation manufactures baseball bats with Babe Ruth’s autograph stamped on them. Each bat sells for $59 and has a variable cost of $31. There are $42,840 in fixed costs involved in the production process. Compute the break-even point in units. (4 MARKS)
4. Alamal Company has fixed costs of $232,400, sells its units for $62, and has variable costs of $34 per unit. Compute the break-even point.( 4 MARKS)
5. Welcome Products has credit sales of $2,412,000 and accounts receivable of $509,200. Compute the value of the average collection period. Note: Use a 360-day year. (4 MARKS)
a. To calculate the firm's cash conversion cycle, we subtract the average payment period (days to pay suppliers) from the sum of the average inventory period (days inventory is held) and the average collection period (days to collect receivables).
Cash Conversion Cycle = Average Inventory Period + Average Collection Period - Average Payment Period
Cash Conversion Cycle = 65 + 15 - 35 = 45 days
b. The firm's operating cycle is the sum of the average inventory period and the average collection period. It represents the time it takes for the firm to convert its inventory into cash.
Operating Cycle = Average Inventory Period + Average Collection PeriodOperating Cycle = 65 + 15 = 80 daysc. To calculate the daily expenditure, we divide the annual outlay by the number of days in a year.
Daily Expenditure = Annual Outlay / Number of Days in a YearDaily Expenditure = $1,960,000 / 360 = $5,444.44 (rounded)If the operating cycle is reduced by 15 days, the firm's annual savings would be:
Annual Savings = Daily Expenditure * Number of Days ReducedAnnual Savings = $5,444.44 * 15 = $81,666.67To calculate the firm's breakeven point in units, we use the following formula:
Breakeven Point (in units) = Fixed Costs / (Sales Price per Unit - Variable Cost per Unit)
Breakeven Point = $52,000 / ($14 - $3) = 4,000 unitsThe firm's breakeven point is 4,000 units.To compute the break-even point in units, we use the following formula:
Breakeven Point (in units) = Fixed Costs / (Sales Price per Unit - Variable Cost per Unit)
Breakeven Point = $42,840 / ($59 - $31) = 1,410 unitsThe break-even point in units is 1,410 units.To compute the break-even point, we use the following formula:
Breakeven Point = Fixed Costs / Contribution Margin per UnitContribution Margin per Unit = Sales Price per Unit - Variable Cost per UnitContribution Margin per Unit = $62 - $34 = $28Breakeven Point = $232,400 / $28 = 8,300 unitsThe break-even point is 8,300 units.To calculate the value of the average collection period, we use the following formula:
Average Collection Period = (Accounts Receivable / Credit Sales) * Number of Days in a Year
Average Collection Period = ($509,200 / $2,412,000) * 360 = 76.03 days
The value of the average collection period is approximately 76.03 days.
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You have examined photographs of Hoovervilles in different states. What do they show about life in Hoovervilles all across the country?In one or two sentences, explain what the photographs say about how people adjusted to Hooverville life.
Hooverville residents did the best they could under difficult circumstances. Hooverville residents formed their own communities and learned to fend for themselves. Hooverville residents tried to make their towns and lives as normal as possible.
Life in the Hoovervilles became pretty tough and those tried their first-class to get via as they may.
Life in Hoovervilles usually shared certain characteristics which include.
A resident dwelling in unsanitary situations
citizens being pressured to beg or depend upon charity for food
Hoovervilles have been created in the course of the top notch depression as thousands and thousands of human beings misplaced their jobs and have become too terrible to have enough money right housing. As a end result, they created ghettos where they could live on temporarily.
Living in these ghettos become difficult due to the fact:
situations were unsanitary - the housing was now not constructed as much as the proper wellknown and sewage systems were missing. This caused very unsanitary conditions and caused disorder.
food became scarce - the ones living within the ghetto have been normally unemployed and could not come up with the money for meals so they needed to beg for it from other people in addition to approach charitable businesses.
life is the belongings that distinguishes count with and with out biological tactics, such as signaling and self-sustaining methods, and is described by way of its ability for boom, response to stimuli, metabolism, electricity conversion, and duplicate.
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Which of the following scenarios describes an advantage of a global economy?
A car company makes its products in a country known for high manufacturing requirements.
A lightbulb company expands to a country where potential workers all have the same educational background.
An electronics company manufactures products in a country where the materials cost is high.
A toothpaste company expands to another country where there is a lot of competition for jobs.
https://www.nap.edu/read/1806/chapter/7
When Cisco Systems told executives they would gain or lose 30 percent of their bonuses based on how well they worked with peers, and in three years had record profits, the company
A. increased productivity.
B. reduced costs.
C. improved workplace cohesiveness. Correct
D. reduced destructive internal competition.
increased speed.
Answer: C. improved workplace cohesiveness
Explanation:
This action by Cisco improved workplace cohesiveness as it made workplace cohesiveness the basis for financial rewards.
A financial incentive was given that should Cisco Systems Executives work well together they could gain 30% of their benefits or lose 30% if they don't. This meant that even those who do not care much for a higher salary still had to work hard at cohesion or they might lose a portion of their bonuses.
Financial incentives are known to be very effective and they worked here as well.
Within the employee earnings record, most columns on the left side relate to employee earnings, while most columns on the right side relate to _____.
Answer:
A. allowances
B. deductions
C. regular hours worked
D. overtime hours worked
deductions, Within the employee earnings record, the left side columns usually contain information about the employee's earnings, such as their hourly wage, total regular hours worked, and any overtime hours worked.
On the other hand, the columns on the right side typically include information about deductions from the employee's pay, such as taxes, insurance premiums, and retirement contributions. These deductions are subtracted from the employee's gross earnings to arrive at their net pay.
Within the employee earnings record, most columns on the left side relate to employee earnings, while most columns on the right side relate to deductions. Deductions are amounts taken out of an employee's gross pay for various purposes, such as taxes, insurance, and retirement contributions.
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Wong, owner of a small business, has a used stamping machine for sale. He offers to sell it to Vasquez for $25,000. Wong dies prior to Vasquez’s acceptance. At the time he accepts he is unaware of Wong’s death. What law(s) apply?
The law of revocation or termination of an offer applies in this case. Due to Wong's death before Vasquez's acceptance, the offer is no longer valid. Therefore, Vasquez cannot purchase the machine.
According to the scenario described, Wong offered to sell a used stamping machine to Vasquez for $25,000. However, Wong passed away before Vasquez had a chance to accept the offer. When Vasquez eventually accepts the offer, he is unaware of Wong's death.
In this case, the law that applies is the law of revocation or termination of an offer. Generally, an offer can be revoked or terminated by the offeror at any time before it is accepted. However, an offer can also be accepted by the offeree without the knowledge of the offeror's revocation, as long as the acceptance is communicated to the offeror.
In this situation, since Wong died before Vasquez's acceptance, the offer was automatically terminated by operation of law. Therefore, the offer is no longer valid, and Vasquez cannot accept it.
To summarize, the law of revocation or termination of an offer applies in this case. Due to Wong's death before Vasquez's acceptance, the offer is no longer valid. Therefore, Vasquez cannot purchase the machine.
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why is it harder to estimate expenses than to estimate income?
A It is more difficult to predict expenses than it is to estimate income because expenses frequently change significantly from month to month.
Why should my expenses be considered?Giving each of your bills a weight makes it simpler to decide what needs to be paid now and what can wait. You may not always be able to afford new shoes or apparel, but you'll always be aware that your main objectives may be met.
What distinguishes revenues from operating costs?To evaluate whether a corporation is generating money or losing money, this method analyzes income and operational costs.
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What is a research question what do you think is the most important thing?
A research question is a full concept that identifies the area of inquiry, the target audience, and the intended outcome. Clarifying the study subject is the first and most important phase in every project.
What do you mean by research question?What is meant by a research question is "a question that a research effort sets out to solve"
The investigation requires the collection and analysis of data, and there are numerous approaches for doing so.
Research questions with a quantitative component produce numerical data that may be statistically examined.
For both quantitative and qualitative research, a carefully chosen study question is required.
Quantitative research questions are unbiased inquiries that offer in-depth information about a study topic.
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The Industrial Revolution marked the transition from doing things by hand to doing thm with machines. True False
The process used to accomplish organizational goals through planning, organizing, leading, and controlling organizational resources is.
Answer:
Management
Explanation:
Management is a very important part of any business no matter the type of business. In most cases there are 5 management functions that help an organization run as smoothly as possible and to help accomplish any and all goals and objectives a business may have.
The five managerial functions that help an organization run smoothly are, organizing, planning, directing, controlling and staffing. Each are equally important and play a pivotal role in any organization.
Question 5 of 10
What could consumers do to help their community?
Consumers in various ways can help their community:
Promote Local Business- One of the most amazing ways of supporting your local area is to assist different organizations nearby. Purchase nearby as frequently as could be expected and saved a region of your site to connection to your neighborhood companies. Cross organizing with non contending organizations with comparative business sectors assists you with contacting more individuals and assist with outing other neighborhood entrepreneurs very much like you.Sponser an Event- Supporting a member in a neighborhood long distance race can be an extraordinary method for showing support , particularly on the off chance that you can uphold your own representatives who are partaking in such occasions.Adopt a Brick- Infrequently new urban structures will offer nearby occupants the choice of buying a block or stone,either on a walkway or building . Such a buy offers you the chance to add to advance while likewise partaking in a little exposure.To learn more about consumers from the given link:
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Match the examples with the types of goods.
To match them, click the example, and then click the type of good.
Unsought good
Omar buys a snack bag of chips that he noticed while
waiting in line at the store.
Joaquin pays for renters' insurance so that he will get
paid if his belongings are destroyed in an accident or
burglary
Convenience
impulse good
Jamie goes to the store to buy toothpaste.
Convenience
staple good
Wanda reads reviews of different video cameras to
decide what brand she wants, and then chooses the
store with the lowest price on that item.
Shopping good
Adriana only buys doughnuts from her favorite local
doughnut shop.
Specialty good
Answer:
Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good. Convenience impulse good are good which entices the consumer which leads to he making purchase without researching or thinking.
Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good. Unsought good are goods that the consumer has no prior knowledge on and usually purchased out of fear.
Jamie goes to the store to buy toothpaste - Convenience staple good. Convenience staple good are goods regularly consumed.
Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good. Shopping good are goods purchased after consumer had compared its prices, quality in different store.
Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good. Specialty good are goods which specific characteristics and benefit such that consumer has a reason for purchasing it.
which of the following types of firms does not have limited liability? a. corporations b. limited partnerships c. sole proprietorships d. none of the above
The correct answer is (d) none of the above.
Limited liability is a legal concept that protects the personal assets of business owners from being used to satisfy the debts and liabilities of the business. It limits the financial risk faced by owners to the amount they have invested in the business.
Let's examine each option to understand why each type of firm does have limited liability:
a. Corporations: Corporations are a separate legal entity from their owners. Shareholders of a corporation have limited liability, which means their personal assets are generally not at risk in the event of the corporation's debts or legal obligations. Shareholders' liability is limited to their investment in the corporation, typically the value of their shares.
b. Limited Partnerships: Limited partnerships consist of at least one general partner and one or more limited partners. The general partner assumes unlimited liability and is personally responsible for the partnership's debts and obligations. However, limited partners have limited liability and are not personally responsible for the partnership's debts beyond their investment in the partnership.
c. Sole Proprietorships: Unlike corporations and limited partnerships, sole proprietorships do not provide limited liability protection. In a sole proprietorship, the business and the owner are considered the same legal entity. This means the owner is personally responsible for all the business's debts and liabilities. In the event of financial difficulties, creditors can go after the owner's personal assets to satisfy the business's obligations.
Therefore, sole proprietorships are the type of firm that does not have limited liability. The owner's personal assets are at risk in the event of business liabilities, making it crucial for sole proprietors to carefully manage their financial obligations.
It's important to note that while limited liability is a common feature of corporations and limited partnerships, it is possible for individuals in these types of firms to take on personal liability if they provide personal guarantees for the business's debts or engage in certain wrongful acts. However, the default structure of corporations and limited partnerships provides limited liability to their owners or partners.
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(ANSWER PROVIDED) What is formal structure?
A.
Structure of legal compliance
done
B.
Structure represented by an organizational chart
C.
Relationships from people working
D.
Structure for the top executives of a company
ANSWER - B. Structure represented by an organizational chart
Explanation:
B.
Structure represented by an organizational chart
Why might a person assume the Mr. White could be doing well financially
\(\huge\color{purple}{\mathbb{ANSWER:}}\)
Mr. White was the third and final owner of the talisman in W. W. Jacobs' short story "The Monkey's Paw." He plucked it from the fireplace when the previous owner, Sergeant Major Morris, tossed it there to burn and end the chain of misfortune that came with it. He is motivated mostly by curiosity, since he seems happy with his life and is financially secure.
Mr. White took the paw from his pocket and eyed it dubiously. "I don't know what to wish for, and that's a fact," he said slowly. "It seems to me I've got all I want."
Hope it helps!!All of the following contribute to job satisfication except
Job satisfaction is a complex concept that is influenced by a wide range of factors. While there are many things that can contribute to job satisfaction, there are also a number of factors that can detract from it.
These factors include things like poor work-life balance, limited opportunities for growth and development, a toxic work environment, job insecurity, unreasonable workload or job demands, lack of autonomy and control over work, lack of recognition and appreciation, and unsupportive management and leadership.
When these factors are present in the workplace, they can lead to stress, burnout, and a general feeling of dissatisfaction among employees. This can ultimately lead to decreased productivity, increased turnover, and other negative outcomes for both employees and the organization as a whole. As such, it is important for employers to work to minimize these factors and create a positive and supportive work environment that fosters job satisfaction and engagement among employees.
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the (the rate banks charge their best customers) closely follows the rate that the fed adjusts by using open market operations.
'The Prime rate closely follows the rate that the fed adjusts by using open market operations.
Marketing Operations is the function that oversees an organization's marketing programs, campaign planning, and annual strategic planning activities. Other responsibilities include technology and performance measurement, and reporting and data analysis.
Central banks conduct open market operations to regulate the money supply in the economy. For example, in India, open market operations are conducted by the Reserve Bank of India or RBI.
Open market operations (OMOs) — the buying and selling of securities on the open market by central banks — are an important tool used by the Federal Reserve in conducting monetary policy. Short-term targets for open market operations are set by the Federal Open Market Committee (FOMC).
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Genes can be turned on or turned off; not all genes are active at one time.
O False
O True
Answer:
False
Explanation:
explanation
dan is an experienced accounting professional who values conservative and practical decisions. what would be the best way to communicate with him? a. ask him about his weekend and tell him about yours for 30 minutes before the meeting. b. collaborate with him on numerous ideas during the meeting. c. send him an email with minimal information asking him to make a decision prior to the meeting. d. give him factual evidence during a meeting so he can make a recommendation
Give him factual evidence during a meeting so he can make a recommendation would be the best way to communicate with him.
Option D is correct.
Professional accountants:A professional who carries out accounting tasks like account analysis, auditing, or analyzing financial statements is referred to as an accountant. Accounting firms or large corporations' internal account departments employ accountants. Additionally, they may establish their own distinct practices.
What does a professional accountant do?Business professionals who are accountants help with corporate strategy, give advice, and help businesses cut costs, boost their bottom line, and reduce risks. In business, professional accountants represent the interests of the company's owners—i.e., shareholders in a public company—as board directors.
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In which type of economy is a business owner most likely to benefit from free enterprise?
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
how to work out opening balance?
Answer:
...
Explanation:
Answer:
Opening Balance (what you have in bank at the start) plus Total Income (what money comes in) minus Total Expenses (what money goes out) equals Closing Balance (what money you have left). The Opening Balance is the amount of cash at the beginning of the month (1st day of month).
Return to the final example of section 5.5, in which the demand for AIDS drugs was QN = 100−P in North America andQ S = α100 − P in Sub-Saharan Africa. Show that with marginal cost = 20 for such drugs, it must be the case that α > 0.531 if the drug manufacturer is to serve both markets while charging the same price in each market. (HINT: Calculate the total profit if it serves only North America and then calculate the total profit if it serves both markets. Then determine the value of α for which the profit from serving both markets is at least as large.)
The drug manufacturer must have α > 0.531 to serve both markets while charging the same price in each market and make at least as much profit as it would by serving only North America.
To serve both markets while charging the same price in each market, the drug manufacturer must set the marginal revenue in each market equal to the marginal cost. Given the demand and supply equations, we have:
MRNA = ∂TRNA/∂QA = (100 - 2QA - QS)/2
MRSSA = ∂TRSSA/∂QS = (α100 - 2QS - QA)/2
Setting MRNA = MRSSA = 20, we get:
QA = 40 - 0.5QS
QS = (α80 - QA)/2
Substituting the first equation into the second, we get:
QS = (α80 - (40 - 0.5QS))/2
QS = 20α/3 + 20/3
Total quantity supplied is QS + QA, so we have:
Q = 60 - QS/2 - QA/2
Q = 60 - (10α + 10)/3
Total revenue is TR = PQ, where P is the price charged in each market. We have:
TRNA = PQA = P(40 - 0.5QS)
TRSSA = PQS = P(α80 - QS)/2
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Which situation is the best example of ethical investing?
Answer:
Lucy buys a stock in a local recycling company
Answer: lucy buys a stock in a local recycling company
Explanation: trust is key
The owner of a bike shop would like to analyze the sales data to determine if the business is growing, declining, or remaining flat. The owner has the following data:
Sales Revenue Last Year =$125,000
Sales Revenue Current Year = $150, 000
What is the Sales Growth?
Do not forget to type the % symbol after multiplying your result by 100 to convert to percentage!
Hint: Your answer will NOT have decimal point.
Example: 75%
Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answer:
Buying an expensive piece of machinery
Explanation:
A real estate agent would like to know how much she can expect a home to sell for depending upon the square footage of the home. Complete the statement based on the information. In this case, the explanatory variable is the and the response variable is the.
An explanatory variable that explains the results is the intended cause. The response variable, or anticipated outcome, responds to the explanatory variables.
According to your predictions, changes in one explanatory variable will occur before any modifications to the response variable. The variables are connected causally, either directly or indirectly. Through a mediator in a connection, an explanatory variable may indirectly affect a response variable. In the case of purely correlative relationships, there are no explanatory and response variables. A response variable may be the cause of both changes, even though changes in one variable are connected to changes in another. Explanatory and independent factors are very similar, but they also differ just somewhat. Research theory holds that independent variables are only subject to manipulation or modification at the hands of researchers and are not anticipated to be impacted by or dependent upon any other variables. If you do a controlled experiment in which you can exactly regulate how much caffeine each participant takes, the caffeine dose is an independent variable. However, the term "explanatory variable" is occasionally preferred over "independent variable" since independent variables can occasionally be influenced by other variables in real-world contexts. It appears from this that they are not truly independent.
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Answer:
-square footage
-selling price
Explanation:
edge 2023