Based on the fact that the price elasticity of demand is 0.89, an economist would advise increasing the price of the ticket.
Why should ticket prices be raised?When the price elasticity of demand is less than 1, it means that demand is inelastic.
This allows one to increase the price of the service or good because demand will decrease less than the revenue will increase which would lead to more profit.
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What is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor?.
Developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor is called Vertical Integration.
What is Vertical Integration?Vertical integration is a tactic that enables a business to streamline operations by directly controlling different stages of the production process instead of depending on outside suppliers or contractors.Instead of outsourcing these operations, a business might achieve vertical integration by acquiring or forming its own manufacturers, distributors, and retail outlets.A good illustration of vertical integration is Netflix, Inc. Before expanding into online streaming of films and films licensed from big studios, the company began as a DVD rental company. Then, Netflix executives recognized that by creating some of their own original content, like the popular series Grace & Frankie and Stranger Things, they might increase their profit margins. The Get Down, a 2016 movie that reportedly cost the corporation $120 million, is one of the disasters it also made.
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These transactions took place for Bramson Co. 2021 May 1 Received a $5,000, 12-month, 6% note in exchange for an outstanding account receivable from R. Stoney. Dec. 31 Accrued interest revenue on the R. Stoney note. 2022 May 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 2021.) port Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31.[Credit account titles are autom when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
The transactions at Bramson Co. are recorded in the General journal format by debiting an account and crediting the other
Journal entries are made as follows:
What is Receivable?Receivable is a compensation for the goods or services sold, the receivable is recorded as the cash to be received and when this cash is actually received the receivables entry is reversed.
May 1 2021
Receivables DR $5000
Sales CR $5000
To record Receivables from R. Stoney
Dec 31 2021
Allowance for bad debts DR $300
Receivables $300
To record the allowance for bad debts expected
May 1 2022
Receivable DR $300
Accrued Interest Income CR $300
(Assuming 6% interest rate)
To record the interest income
May 1 2022
Cash DR $5300
Receivables CR $5300
To record the cash receipt from R. Stoney
May 1 2022
Receivables DR $300
Allowance for receivables CR $300
To record the reversal of allowance for receivables.
The transaction will be recorded as this and the final transaction shows how to reverse the allowance for receivables previously recorded.
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How can you best protect yourself from companies you are doing the first signing for and do not have a contract with?
You can protect yourself from companies you are doing the first signing for and do not have a contract with by Protecting yourself from business liability, forming a corporation or LLC, properly entering into business agreements, and maintaining business compliance.
The signer is the official word for the signer. This is not only used to refer to the person signing the legal documents but is also common in those legal documents as part of the drafted terms and conditions. For this reason, it can be considered legal.
In law, this is known as "Procuration". This means acting through an agent or agent (basically, one acts on behalf of the other with the privileges of the other). A signature as an agent or representative is limited to a specific purpose. B. Sign the rental agreement.
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Suppose that in the country of Worthland, the productive resources are owned by the state and most economic decisions are made by its central government. This country has a(n):
Suppose that in the country of Worthland, the productive resources are owned by the state and most economic decisions are made by its central government. This country has "planned economy".
What is planned economy?An economic system where the components of the economy (such as labor, capital, and natural resources) are under the direction and regulation of the government in order to meet the goals of an all-encompassing economic development plan; contrast with free enterprise.
Some features of planned economy are-
The government owns and controls all resources.Producer or consumer sovereignty do not exist.The pricing of products and services cannot be determined by market forces.The government's principal goal is to provide products and services to everyone, not to make a profit.As a result, the government decides what sorts of things and services will be created, how those goods and services will be made, and who will use them.Characteristics of this economy include-
governmental control of wages and pricing, limited property rights, government ownership of key businesses and industries, and robust black markets.To know more about planned economy, here
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When it comes to resolving labor-management disagreements, __________ are a tactic used by unions and __________ are a tactic used by management.
When it comes to resolving labor-management disagreements, Arbitration is a tactic used by unions and mediation is a tactic used by management.
The unions send the arbitrator to the management who settles the dispute or mediated to it.
Mediation is the process by which the parties meet with a mutually selected impartial and neutral person to assist them in resolving their disagreements.
Even if the parties to the dispute do not resolve the dispute, mediation often "raises" the actual issue, improves communication between the parties, and thereby fosters improved working relationships.
Mediation is a flexible, confidential process for resolving disputes between two or more individuals, businesses, or other entities. It includes the appointment of a mediator, an independent and impartial third party, to help the parties discuss, negotiate and reach an amicable resolution of their issues.
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Government deregulation and corporate strategy are leading to a mass media industry controlled by ______.
Government deregulation and corporate strategy are leading to a mass media industry controlled by oligopoly
What is oligopoly?An oligopoly is a form of market structure that exist with number of firm or business owners.
The existence of each business usually have an evident effect on the other firm.
The market is Interrelated and are affected by government strategy.
Therefore, Government deregulation and corporate strategy are leading to a mass media industry controlled by oligopoly
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If you lose your credit card, typically there is __________ liability on any purchases made fraudulently.
If you lose your credit card, typically there is a limited liability on any purchases made fraudulently.
What is the liability for the loss of a credit card?The liability for a lost credit card is limited to $50 in the United States.
However, if a person losses a credit card before use, the card company cannot hold the account owner responsible for any unauthorized charges.
But the loss of a credit card must be promptly reported to the card issuer.
Thus, if you lose your credit card, typically there is a limited liability on any purchases made fraudulently.
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Most investors and all banks expect to be provided financial statements that meet the rules of?
The financial statements that most investors and all banks expect to get are those that meet the rules of the Generally Accepted Accounting Principles or GAAP
What is Generally Accepted Accounting Principles?This refers to the guidelines to financial reporting that are accepted in the United States.
Investors would often want companies that they invest in to give financial statements according to GAAP while all banks will expect it in order to properly analyze it based on the U.S. market.
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An architrcture firm would stand to lose a lot of money in the event of death of its project manager. Which type of policy should the firm purchase on its project manager
Key person insurance is the policy should the firm purchases from its project manager.
What is key person insurance?
A company will insure its most valuable employee or employees with key person insurance. A disability coverage rider can be added to a policy to assist if a crucial employee becomes disabled. An important employee's death or disability might put a small business at risk; key person insurance can help.
Why would a business owner choose the use of key person insurance?
If the sudden loss of a certain person would have a significant negative impact on the business operations, key person insurance provides a financial safety net. The death benefit simply buys the company some time to locate a replacement or to pursue other business-saving (or business-closing) actions
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Susan works for a firm that has high degrees of formalization in their organizational structure. She understands that one of the main drawbacks of working in a firm with such high levels of formalization can often result in which of the following?
She understands that one of the main drawbacks of working in a firm with such high levels of formalization can often result in which of the following; a slower decision making process.
What is high degrees of formalization?This is the extent to which the roles that are in the organization are independent of the persons in this organization that may be covering or taking are of such roles.
In this business, they are said to have a high degree of this and the issue they would have is that there would be slow decision making in the business.
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Successful change requires that organizations be capable of both creating and implementing ideas, which means the organization must learn to be:
Ambidextrous
It means utilizing both hands equally fluidly or deftly
Ambidextrous organizations - Exploratory units are separated from their traditional units in ambidextrous organizations, which encourages them to create their own systems, organizations, and cultures. But at the senior management level, they also closely coordinate these new divisions with the already-existing organizations.
Organizations can benefit from ambidexterity in various ways. The most important result of ambidexterity is creativity since innovation requires both exploratory and exploitative characteristics. Ambidexterity is the capacity to maintain a balance between exploratory and exploitative processes.
understandings of the four behaviors at the core of an ambidextrous organisation
a tactical approach to exploring
senior management commitment
separation from the unethical companies
a shared culture across all teams
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There are three levels of analysis in OB, and, as we move from the individual level to the group level, to the organization systems level, we add systematically to our understanding of behavior in organizations. True False
True
The organizational system is the structure of how an organization is set up. This structure defines how each department of the company is organized, the hierarchy, to whom to report, and how communication flows throughout the organization (2) meso (group level) and ( 3) Macro (organizational level). The behavioral sciences that make up the OB domain provide elements at each of these levels.
At the group level of analysis, organizational behavior includes studying group gestures, competition, and intra-group and inter-group connectivity. It extends further to the study of leadership, power, norms, interpersonal communication, networks, and roles.
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Compared to traditional nonprofit startups, enterprising nonprofits are far less likely to survive in business after the first five years.
Compared to traditional nonprofit startups, enterprising nonprofits are far less likely to survive in business after the first five years: FALSE
Traditional nonprofit startups and enterprising nonprofits startups:Enterprising Non-Profits, or enp, is a one-of-a-kind collaborative program that encourages and supports the establishment and growth of social enterprises as a means of building successful non-profit organizations and healthier communities.A tax-exempt organization created for religious, charitable, literary, artistic, scientific, or educational objectives is known as a non-profit enterprise. It is a corporation from which the shareholders or trustees do not profit financially.Most organizations qualify for one of the three primary categories, which include public charities, private foundations, and private running foundations.Unlike traditional nonprofit starts, enterprising nonprofits are considerably more likely to survive after the first five years.As it is given in the description itself, unlike traditional nonprofit starts, enterprising nonprofits are considerably more likely to survive after the first five years.
Therefore, the statement "compared to traditional nonprofit startups, enterprising nonprofits are far less likely to survive in business after the first five years" is FALSE.
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Complete question:
Compared to traditional nonprofit startups, enterprising nonprofits are far less likely to survive in business after the first five years. TRUE or FALSE
An outside business associate generously offers you a gift. What is the policy in regards to accepting an item from an outside business associate
Option B. You may accept the gift if the Outside Business Associate assures you that there is no intent to induce a referral or other business.'
Who is a business associate?This is the term that is used to refer to a person that is known to perform activities on behalf of another entity.
The entity that they do these activities for are usually covered and they may also hand disclosure of information for the person.
Complete questionAn outside business associate generously offers you a gift. What is the policy in regards to accepting an item from an outside business associate?
A An item cannot be accepted from an outside business associate. If offered, given, requested, or accepted in exchange for or to induce referrals or other business that may be reimbursed by a Federal health care program.
B You may accept the gift if the Outside Business Associate assures you that there is no intent to induce a referral or other business.
C You may always accept a gift from an Outside Business Associate regardless of the situation.
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In _____, a defined target population is ordered in some way, usually in the form of a taxpayer roll, customer list, or membership roster, and selected systematically. Multiple choice question.
In systematic random sampling, a defined target population is ordered in some way, usually in the form of a taxpayer roll, customer list, or membership roster, and selected systematically.
What is Sampling?The sample is the group of individuals who will actually participate in the research.
There are two types of sampling methods:
Probability sampling
Involves random selection, allowing you to make strong statistical inferences about the whole group.
Non-probability sampling
Involves non-random selection based on convenience or other criteria, allowing you to easily collect data.
How many types of Probability Sample ?There are four main types of probability sample:
Simple random samplingSystematic samplingStratified samplingCluster samplingWhat is Simple random sampling?In simple random sampling (SRS), each sampling unit of a population has an equal chance of being included in the sample. Consequently, each possible sample also has an equal chance of being selected. To select a simple random sample, you need to list all of the units in the survey population.
Therefore, we can conclude that the correct option is A.
Your question is incomplete, but most probably your full question was:
In _____, a defined target population is ordered in some way, usually in the form of a taxpayer roll, customer list, or membership roster, and selected systematically. Multiple choice question.
A. Simple random sampling
B. Systematic sampling
C. Stratified sampling
D. Cluster sampling
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If the price elasticity of demand for gift wrap is 0.8, then a 5% increase in the price of gift wrap will decrease the quantity demanded of gift wrap by?
16% and gift wrap sellers total revenue will decrease. Elasticity of demand is a significant variation on the concept of demand. Elastic, inelastic, or unitary demand can be classified. An elastic demand is one in which the change in quantity demanded as a result of a price change is large.
When the change in price is relatively small as compared to change in quantity demanded, the demand is said to be inelastic. Close substitutes for a product influence demand elasticity.
If consumers can easily substitute another product for your product, they will quickly switch to the other product if the price of your product rises or the price of the other product falls.
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A local station that broadcasts national network programming is called a(an) ________ station.
Station broadcasting the national network programme is called an affiliate station.
Affiliate station is the broadcasting station or the local broad castee owned by the network or a particular company which some line or television lines use for broadcasting.
It is basically common in informal way of speech containing a particular network programming which could be programme clearances or radio waves.
It can be in the form of group wide deal or communications dealing with the national broadcast including the transactions of grouped station assorted.
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The escrow agent for a first-time purchaser is showing the survey and easements from the local electric utility company along the front edge of the property. The title agent explains that this easement is a covenant that
The escrow agent for a first-time purchaser is showing the survey and easements from the local electric utility company along the front edge of the property. The title agent explains that this easement is a covenant that the answer runs with the property.
Do house sellers have to provide a survey?
You don't have to give the buyer a survey if you're selling the property. Only if the property is being sold at auction could you want to consider getting a survey done. It can be a good idea to distribute the report to prospective buyers before to the auction, but it's not always necessary.
Do estate agents have to tell you about previous surveys?
They are required by consumer protection laws to provide relevant information about the property that can affect the buyer's choice.
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If two projects (investments) a and b are said to be mutually exclusive, then we know that the firm:______.
If two projects (investments) a and b are said to be mutually exclusive, then we know that the firm must choose to invest in either A or B, but not both.
The term "mutually exclusive projects" is typically used in the capital budgeting process where firms select one project from a range of projects based on specific criteria, with the approval of one project resulting in the rejection of the other projects.
Capital projects that compete head-to-head are said to be mutually exclusive. Projects X and Y are said to be mutually exclusive, for instance, if a management must choose precisely between completing either project X or Y, but not both of them simultaneously.
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Assume that marginal propensity to consume is 0.8 and potential output is $800 billion. if the actual real gdp is $700 billion, which policy would bring the economy to potential output?
By assuming that marginal propensity to consume is 0.8 and potential output is $800 billion. if the actual real GDP is $700 billion, Increase government spending by $20 billion policy would bring the economy to potential output.
Marginal Propensity to Consume (MPC) is calculated using the formula MPC = C/Y, which divides consumption change by income change.
You must first determine the change in income and the ensuing change in spending in order to perform this calculation (consumption).
The computation would go as follows if a person's income rose by $5,000 and their expenses rose by $4,500:
MPC = 4,500/5,000. MPC equals.9, or 90%
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Ncic operates under shared management between the _____ and the _____ in each state.
NCIC operates under a shared management concept between the FBI and federal, state, local, and tribal criminal justice users under provisions of the Federal Advisory Committee Act of 1972.
The NCIC is a computerized database of documented criminal justice information available to law enforcement agencies nationwide. NCIC also prompts disclosure of information in the system from other criminal justice agencies about crimes and criminals.
This information assists authorized agencies in criminal justice and related law enforcement objectives, such as apprehending fugitives, locating missing persons, locating and returning stolen property, as well as in the protection of the law enforcement officers encountering the individuals described in the system.
Data contained in NCIC is provided by the FBI, federal, state, local and foreign criminal justice agencies, and authorized courts. Users access the NCIC computer located at FBI headquarters through regional or State computer systems or with direct tie-ins to the NCIC computer. The data is stored in 12 files: article, boat, Canadian warrant, gun, interstate identification index, license plate, missing person, securities, U.S. Secret Service Protective, unidentified person, vehicle, and wanted person.
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How do human weaknesses complicate decision-making, according to hamilton?
The outcome of a careful assessment of various possibilities in terms of the likelihood and worth of outcomes connected with these options, human decision making is frequently examined. The normative theory based on these premises that is arguably the most popular is the subjective expected utility theory.
In order to better understand the cognitive processes that underpin human judgement and decision making, a significant amount of research focuses on systematic violations of these rationality rules. Heuristics are cognitive shortcuts that people employ while making decisions, according to research on them.
Following a quick description of the most crucial heuristics, information on more descriptive decision-making techniques is provided Prospect theory, image theory, rule following, and reason-based choice are a few examples.
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Management, the board of directors, and ________ are the primary participants in corporate governance.
Management, the board of directors, and shareholders are the primary participants in corporate governance.
Anyone who holds at least one share of a company's stock or unit in a mutual fund is referred to as a shareholder. The firm is primarily owned by its shareholders, who also have specific rights and obligations. With this ownership structure, they can benefit from a company's success.
These benefits take the shape of rising stock prices or dividend payments from financial gains. In contrast, when a corporation experiences a loss, the share price inevitably falls, which may result in financial losses for shareholders or portfolio reductions.
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Alex is starting a career in ux and wants to be able to specialize in a particular ux design role and focus on one project from beginning to end. which job is a good fit for alex?
A small start-up is a good fit for Alex.
Startups are frequently internet- or technology-based firms with broad market appeal. On the other hand, you don't need a sizable market to expand into in order to run a small firm. All you need is a market, and you must be able to effectively contact and service every member of that market.
Despite their tiny size, startups can have a big impact on the expansion of the economy. Startups are the epicenters of the invention; they generate jobs, which increases employment and boosts the economy; and they have a noticeable influence on the cities in which they settle.
After a few years of operation, startups are on the road to success. While small firms develop quickly, they can only do so if they start to see success over time. A startup needs time to develop and gain a large customer base that can use its product.
Types of startups are:
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Which of the following types of diversification strategies is characterized by less than 70 percent of revenue coming from the dominant business and limited links between businesses
B) Related linked types of diversification strategies are characterized by less than 70 percent of revenue coming from the dominant business and limited links between businesses.
This level of diversification is visible in a corporation that operates its sports specifically on a single or dominant business. The company is in a single commercial enterprise if its sales are more than 95 percent of the total sales.
There are three types of diversification techniques:
Concentric diversification.Horizontal diversification. Conglomerate diversification.Corporations using diversification as a dominant method begin operations in one key industry and then amplify the firm by means of buying organizations or developing new corporations. The extra corporations, at the same time as not at once concerned inside the key industry, usually provide items and services that decorate the authentic industry.
The question is incomplete. Please read below to find the missing content.
Which of the following types of diversification strategies is characterized by less than 70 percent of revenue coming from the dominant business and limited links between businesses
A)Corporation link
B)Related linked
C) Limited partnership link
D) Unlimited partnership link
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Jefferson Millinery Inc. (JMI) decided to liquidate its wholly owned subsidiary, 8 Miles High Inc. (8MH). 8MH had the following tax accounting balance sheet: (Leave no answer blank. Enter zero if applicable.)
FMV Adjusted Basis Appreciation
Cash $ 265,000 $ 265,000
Building 78,000 34,500 43,500
Land 187,000 120,500 66,500
Total $ 530,000 $ 420,000 $ 110,000
a. What amount of gain or loss does 8MH recognize in the complete liquidation?
b. What amount of gain or loss does JMI recognize in the complete liquidation?
c. What is JMI’s tax basis in the building and land after the complete liquidation?
a. Since Jefferson Millinery Inc. (JMI) owns 8MH, so it will not recognize any gain or loss on liquidation.
b. $34,500 is the loss recognized by JMI, since JMI owns more than 80% of 8MH, it must recognize any loss or gain from its liquidation.
c. Since 8MH is being liquidated, its assets will be distributed to JMI at fair market value:
Building- $78,000 Land- $187,000FMV Adjusted Basis Appreciation
Cash $265,000 $265,000
Building $78,000 $34,500 $43,500
Land $187,000 $120,500 $66,500
Total $530,000 $420,000 $110,000
Liquidation is the act of turning assets into cash. For instance, a business closes and sells all of its merchandise because it is bankrupt and is in need of cash.
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What U.S. state sued car manufacturers in 2006 when they didn't comply with cutting tailpipe emissions
California U.S. state car manufacturers in 2006 when they didn't comply with cutting tailpipe emissions.
What is California emissions?The US Environmental Protection Agency (EPA) reinstated California's Clean Air Act waiver and revoked a rule issued by the Trump Administration, enabling the state to set its own greenhouse gas emissions for cars and create a zero-emissions vehicle program.
The state of California filed a lawsuit against the biggest automakers in the nation for the environmental harm caused by tailpipe emissions. The latest effort by the state to stop greenhouse gases, which trap heat in the atmosphere and contribute to global warming, was this. Both acclaim and criticism were directed at Attorney General Bill Lockyer, who brought the lawsuit on the state's behalf. In 2006, Governor Arnold concisely outlined the goal when he signed California's historic climate strategy into law. To persuade states that California's plan to drastically reduce tailpipe emissions in order to combat global warming may further damage the already-struggling U.S. industry, automakers and their supporters have intensified their lobbying efforts. Environmental Protection Agency's Washington headquarters, the two senior. The secretary of transportation, stated that California's strict regulation on tailpipe pollution should be eliminated. The California Air Resources Board , in need of a remedy, focuses on the problem's root cause: automobile emissions. Motivated by General Motors' recent announcement.
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________ is appropriate for a large to enterprise website which has a considerable amount of traffic which may include tens of millions of hits a day.
(C) Dedicated Hosting is appropriate for a large to enterprise website which has a considerable amount of traffic which may include tens of millions of hits a day.
What is Dedicated Hosting?A dedicated hosting service, also known as a dedicated server or managed to host service, is a type of Internet hosting in which the client rents a whole server that is not shared with anybody else. This is more versatile than shared hosting because organizations have complete control of the server(s), including the operating system, hardware, and so on.Why do you need dedicated hosting?If your website is having difficulty keeping up with increased traffic, it may be time to convert it to a dedicated server. This is essentially a server that exclusively hosts your site, and it can not only increase the speed of your site but also improve page loading times and help you optimize security.As the purpose itself says, If your website is having difficulty keeping up with increased traffic, it may be time to convert it to a dedicated server.
Therefore, (C) dedicated Hosting is appropriate for a large to enterprise website which has a considerable amount of traffic which may include tens of millions of hits a day.
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Correct question:
________ is appropriate for a large to enterprise website which has a considerable amount of traffic which may include tens of millions of hits a day. Group of answer choices
(A) Virtual Hosting
(B) Free Web Hosting
(C) Dedicated Hosting
(D) None of the answers are correct.
Investments by wealthy individuals and endowments is a major source of money for each of the following EXCEPT:
Investments by wealthy individuals and endowments is a major source of money for each of the following EXCEPT: Mutual Funds .
What is Mutual Funds ?
A mutual fund is nothing but the system of Money management which is introduced by professionally investing money which is pick up form the public.
Mutual Fund are basically of two types such as:
Close-ended Fund: This fund has a specific period of maturity which generally ranging from three to fifteen years.Open-ended Fund: An open-ended fund is one that available for subscription through all year.A mutual fund business is to investment of the funds afterward, accumulate according to the investor's demand who created the pool.
Therefore, we can conclude that the correct option is D,
Your question is incomplete, but most probably your full question was:
Investments by wealthy individuals and endowments is a major source of money for each of the following EXCEPT ________.
A) private equity funds
B) hedge funds
C) venture capital funds
D) mutual funds
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The popularization of ________ expanded the communications and sports industries. Group of answer choices
The popularization of radios expanded the communications and sports industries, as stated in option A and further explained below.
The popularization of radiosBefore the television, the computer, or the smartphone, radios were the most important means of communication. As they become more and more popular, families would gather around their radios at home to enjoy the programs together.
That popularization impacted the communications and sports industries. Different types of programs were created in order to inform and entertain listeners. Sports programs would also keep people updated concerning their favorite teams and games.
With the information above in mind, we can choose option A as the correct answer.
The complete question with the missing answer choices is the following:
The popularization of ________ expanded the communications and sports industries.
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