Are perfectly competitive markets allocatively allocatively efficient in the long run?

Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the servic

Gre4nikov [31]

Full Question:

Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the service data to make the recruitment process more effective by identifying desirable and undesirable qualities of employees. Edwin observes a high positive correlation between the employees' ability to adapt and the turnaround time. However, he decides to avoid using this criterion when recruiting employees. Which of the following, if true, would MOST strengthen this decision to avoid the criterion

A) The statistical significance of the correlation was found to be sixty percent.

B) Another trait, honesty, had a higher correlation coefficient than employees' ability to adapt.

C) The sample size used by Edwin was significantly larger than what was required.

D) Multiple regressions were observed among the variables used for the analysis.

Answer:

The correct answer here is A)

Explanation:

The key to decision making using statistical research is Statistical Significance. This means that a statistically significant observation is probably true. In this case, the statistical significance of his findings is 60%.

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7 0

2 years ago

Assume that you are on the board of directors of a company that has decided to buy 80 percent of the outstanding stock of anothe

kati45 [8]

Answer and Explanation:

Insider trading means buying or selling the listed shares based on confidential information which is not yet public. This practice is done by the persons who are part of an organization like auditors, employees, directors, etc., and are aware of the confidential information. Hence, it's an unethical and illegal activity if anyone does insider trading and enjoys personal gain on such trading. Hence, if an investor planned to invest $10,000 in an organization for a personal portfolio in a given scenario, it leads to an ethical problem i.e. insider trading.

If Investor Planned to invest $500,000:

No, the answer will not be different if planned to invest $500,000 in an organization. Any investment transaction in an organization with the object to grow personally based on confidential information is deemed to be insider trading.

If the investor recommends to his brother to buy the shares

There is same ethical consideration in both the practice, whether purchasing a share for a personal portfolio or suggesting someone for purchasing the shares. Hence, if anyone suggests buying shares to another person (brother, etc.), it is also deemed unethical and illegal.

Who's called an investor?

An investor is any man or woman or other entity (which includes a company or mutual fund) who commits capital with the expectancy of receiving financial returns.

Is an investor an owner?

As a lending investor you aren't an proprietor. in case you purchase fairness in a organization you've got made an ownership funding. The go back you earn may be your proportional proportion of the enterprise's profits. The preliminary funding amount will stay tied up within the company's general fee.

Learn more about investor here:- brainly.com/question/25300925

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6 0

1 year ago

Commerce Corporation has a high probability of operating at 40,000 activity hours during the upcoming period, and lower probabil

Zepler [3.9K]

Answer:

Total cost= $877,500

Explanation:

First, we need to calculate the unitary variable cost:

Unitary variable cost= 135,000 / 30,000= $4.5

Unitary variable cost= 180,000 / 40,000= $4.5

Unitary variable cost= 225,000 / 50,000= $4.5

Now, the total cost for 35,000 hours:

Total cost= Unitary variable cost*total number of hours + fixed costs

Total cost= 4.5*35,000 + 720,000

Total cost= $877,500

4 0

2 years ago

Sam student sends for a law school catalog from ivory towers university. according to the catalog, the law school applications a

7nadin3 [17]

If Sam had followed the guidelines in the college catalog, then there will be a valid contract that will be established as the school is likely to bound itself in honoring its obligations that are set forth in the college catalog. The correct answer is likely b.

5 0

2 years ago

A newspaper headline writer found that the more adjectives she put in the titles of her articles, the greater the number of news

Ivahew [28]

Answer:

Positive.

Explanation:

A linear function has a positive relationship and as such an increase in one variable (input variable) causes an increase in the other variable (output variable) i.e the variables are directly proportional. Thus, the graph of a linear function is a straight-line and its slope is always constant.

On the other hand, nonlinear function has a negative relationship and as such an increase in one variable (input variable) causes a decrease in the other variable (output variable) i.e the variables are inversely proportional.

This ultimately implies that, the graph of a nonlinear function is a curved line and whose direction is constantly changing

In this scenario, the relationship between numbers of adjectives and newspaper sales must be positive because the higher the amount of adjectives put in the titles of her articles, the greater the number of newspapers that would be sold on a particular day.

6 0

2 years ago

Are perfectly competitive markets allocatively allocatively efficient in the long​ run?

Are perfectly competitive markets allocatively allocatively efficient in the long run?