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Questions in business

📝 Answered - Veronique and Lily each bought a piece of luggage that had the same price in different stores. The table below shows how they will pay for the item. | Name | Payment Type | Payment Amount (Including Finance Charges) | Number of Months to Pay for Item | |------------|----------------|---------------------------------------------| -----------------------------------| | Veronique | Store financed | $25 | 10 | | Lily | Credit card | $35 | 7 | Who made the better financial decision and why? A. Veronique because her payments are lower. B. Veronique because her final cost, including finance charges, is less than Lily's. C. Lily because she is paying off her purchase sooner. D. Lily because her final cost, including finance charges, is less than Veronique's.

📝 Answered - Why does insurance often provide "peace of mind"? A. People know their insurance coverage will help prevent accidents and damage. B. People trust that they will make a profit if they pay insurance premiums. C. People are not concerned about their health if they can pay for doctor's visits. D. People are less worried when they know they have protection from risk.

📝 Answered - Who had the largest dollar amount in sales for the month of January? a. The salary plus commission employee. b. The straight commission employee. c. The graduated commission employee. d. They each had the same dollar amount in sales.

📝 Answered - In a meeting, the VP of human resources talked about a consultative approach where everyone's ideas matter. Her message was largely driven to gaining consensus for the business' goals. Which appeal was she using? A. Emotional appeal B. Logical appeal C. Principles of influence D. Cooperative appeal E. Principles of selling

📝 Answered - 1. For people, it is of utmost importance that prices in the economy are maintained; therefore, money must be A) divisible. B) homogeneous. C) transportable. D) durable. E) stable. 2. The use of electronic wallets has streamlined the process of buying goods and services, as it is easy to take everywhere. Therefore, money must be A) easy to transport. B) durable. C) homogeneous. D) divisible. E) stable. 3. The increase in prices in the market reduces the purchasing power of money, which affects its A) store of value. B) unit of account. C) nominal value. D) real value. E) homogeneity. 4. Indicate the alternative that is not related to one of the functions of money. A) medium of exchange B) unit of account C) store of value D) exchange value E) hoarding

📝 Answered - Benny works for a local restaurant. How are his payroll taxes paid? A. They are all paid by Benny. B. They are all paid by Benny's employer. C. They are split between Benny and his employer. D. They are split between Benny and the other employees.

📝 Answered - Business Applications of Differentiation (Continuation) Example 8: The gross domestic product (GDP) of a certain country was [tex]$N(t)=t^2+5 t+106$[/tex] billion Ghana cedi [tex]$t$[/tex] years after 1998. (a) At what rate was the GDP changing with respect to time in 2008? (b) At what percentage rate was the GDP changing with respect to time in 2008? Example 9: A medical research team determines that [tex]$t$[/tex] days after an epidemic begins, [tex]$N(t)=10 t^3+5 t+\sqrt{t}$[/tex] People will be infected, for [tex]$0 \leq t \leq 20$[/tex]. At what rate is the infected population increasing on the ninth day?

📝 Answered - The mission of the Arkansas Real Estate Commission is to A) provide the recovery fund with a revenue stream. B) protect the public. C) standardize the rate of commission for residential real estate transactions. D) arbitrate disputes regarding commissions.

📝 Answered - When a stock is sold at a higher price than that for which it was purchased, it is called a A. net profit B. portfolio strategy C. capital gain D. dividend yield

📝 Answered - The kind of seasoning that involves putting a stacker between logs of woods in the saw mill is called: A. wood preservation B. natural seasoning C. wood defects D. artificial seasoning