Why is it important for a business to try to quantify the expected benefits ofimplementing a solution to a problem?
Solution 1
Answer:
The company needs to quantify well ahead the benefits of implementing a solution to a problem in order that such benefits derivable from the implementation can be weighed against associated costs of such course of action.
Explanation:
Cost benefit analysis is key in project implementation.This is process of comparing the costs of a project with the envisaged benefits of such project,to ascertain the net benefits in terms of net cash flows ,reduction in costs or even sometimes the extra revenue that solution brings to the company's bottom line.
📚 Related Questions
Answer:
Blockbusting
Explanation:
Blockbusting is when real estate agents illegally persuade a home owner that real estate price will fall, buy their property, and sell at higher prices.
This occurred in the United States where white home owners were convinced prices will fall because black people were moving into the neighbourhood. The real estate agents bought properties at cheap prices and sold them at higher prices to black people.
Answer:
blockbusting
Explanation:
The Fair Housing Act prohibits discrimination based on race, gender, age, color, marital status, disabilities, marital status, religion, or national origin.
Blockbusting is illegal and it happened (hopefully doesn't anymore) when a real estate agent tried to trick white homeowners into selling their houses using the threat that protected classes (generally black minorities) are going to live next to them and literally "invade" their neighborhood. This invasion would result in higher crime rates and a steep decrease in the price of their homes.
Then the same real estate agents would sell vacant houses to minorities at higher prices for the privilege of living in a white neighborhood.
Answer:
Market equilibrium
Explanation:
The market equilibrium is the price at which the quantity demanded and the quantity supplied are intersected to each other
The intersection could be done by supply and demand curves
Moreover, there is a positive relationship between the price and quantity supplied while for quantity demanded it has an inverse relationship between the price and quantity demanded
Answer:
$300,000
Explanation:
Data provided in the question:
Amount the painter would like to spend on a respirator = $30
Chances of paint fume killing the painter = 0.01%
Now,
The cash value he places on the life of painter
= [ Amount spent on respirator ] ÷ [ Probability of death ]
or
= 30 ÷ 0.01%
or
= 30 ÷ 0.0001
or
= $300,000
Answer: Market research,
When a entrepeneur is looking for how to excel with respect to its competitors as seeing the continuous changes is called market research to improve the business strategy, so it is very important to define the objectives that you want to draw in the company such as increase in revenue, increase in participation or improvement in competitive advantages.
Answer:
Price weighted index
Explanation:
A price weighted index is an index used in stocks where each company that is part of the index makes up a fraction of the total, and is proportional to its price per share.
Higher weight is given to sticks that have higher prices.
Rice weighted index is a good way to track track portfolio performance that best match for your portfolio.
Answer:
increase the price of our products or services.
Explanation:
When the price elasticity is less than 1 (inelastic), then an increase in the price of our products or services will result in a proportionally smaller decrease in the quantity demanded. Therefore, by increasing our prices, we can increase total revenue even if the quantity demanded decreases a little.
Answer:
A) kept investors happy but caused overcapitalization and debt for the railroads.
Explanation:
When a firm issued watered stock, it means that they are issuing the stock with an artificially high par value. Watered stocks were a type of fraud related to the sales of stocks with an absurd par value. You have to remember that back then, railroad companies were huge and extremely powerful, monopolies were common and information was scarce and generally manipulated. By issuing stocks with a very high par value investors were tricked into believing that the company was actually worth much more that its real value. Very few people dared to oppose the industry giants and most tried to earn money by using the same dirty tricks.
Answer: The correct answer is d) NOMINAL
Explanation: Nominal interest rate is the interest rate before inflation is taken into account. Nominal interest rate can also be used to the advertised or stated interest rate on a loan, without taking into account any fees or compounding of interest.
It is the contractual interest rate charged by a lender or promised by the borrower.
Answer:
short: 11,000 --> 1,320 income tax
long: 11,000 --> zero tax income
Explanation:
The capital gains are clasiffied as long.term gain once they were held for period of time of more than a year during the current holder.
Thus, the 13 month ago investment will be considered long term
while the other short term
the rate for short term is 12% at Samuel income bracket
while the long.term capital gain will not be taxed,
short term:
11,000 x 12% = 1.320
Answer:
a. sellers are to a change in price
Explanation:
The price elasticity of supply measures the percentage change in quantity supplied with the percentage change in price
In mathematically,
Price elasticity of supply = (Percentage change in quantity supplied ÷ percentage change in price)
It shows a direct relationship between the quantity supplied and the price.