3. If the quantity of a good demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is ( a ) greater than 1, (b ) equal to 1, ( c) smaller than 1 or (d) zero.

How did figurative sculpture change as Rome changes from a Republic to a Dictatorship to an Empire?

Autonomous expenditure is spending that is:

Multiple Choice

• what is spent when income changes in the economy.

• that is determined by the government.

• depends on the level of income in the economy.

• not sensitive to the level of income in the economy.

1. Given the following two statements:

1. “The price of corn rises and falls in response to changes in supply and demand.”
2. “In the corn market, demand often exceeds supply and supply sometimes exceeds demand.”
   In which of these two statements are the terms “supply” and “demand” used correctly? EXPLAIN

Summarize the development of and changes to economic systems from preindustrial society to today. Include a discussion of the economic order and the importance of economic activity. How has the division of labor changed, and what are social consequences of surplus wealth?

Changes in labor demand are of considerable significance because they affect employment in specific occupations. For example, email, Facebook, etc., have decreased the demand for postal service workers by 30% over a ten-year period. Name a few occupations that you feel will grow in demand over the next decade. Name a few occupations that you think will decline in demand. In each case, explain your reasoning. Has the Covid-19 pandemic changed how you respond?

What would be some internal factors that would interfere with the changes of a company's mission and core values?

Subject: Intergrated Business Topics

16. When there are significant changes in stockholders equity, generally, a retained earnings statement is not sufficient, requiring a statement of stockholders’ equity to be prepared. a. True b. False

17. The equity reporting for a Limited Liability Corporation is similar to that of a partnership but the changes in capital ate shown on a statement of members’ equity. a. True b. False

18. When a partner invests noncash assets in a partnership, the assets are recorded at the partner’s book value. a. True b. False

19. Accounts receivable contributed to the partnership are recorded at their face value. a. True b. False

20. A new partner contributes accounts receivable to a partnership which appear in the ledger of his sole proprietorship at $20,500 and there was an allowance for doubtful accounts of 750. If $600 of the accounts receivables are completely worthless, the partnership accounts receivables should be debited for $19,900. a. True b. False

21. One reason that distributions of income and loss are prepared is to obtain the information to record a closing entry. a. True b. False

22. If nothing is stated, partnership income is divided in proportion to the individual partner’s capital balance. a. True b. False

23. The salary allocation to partners used in dividing net income would also appear as salary expense on the partnership income statement. a. True b. False

Which of the following changes were introduced with the passage of the Affordable Care Act?

Group of answer choices

increased government regulation of insurance markets and reduced reliance on private health insurance providers

expanded coverage by government and reduced reliance on private health insurance providers

introduction of new subsidies for the purchase of health insurance and expanded private health insurance through state exchanges

elimination of subsidies for the purchase of health insurance and new requirements that low-income individuals bear the full burden of insurance costs

Working with Brokers

An insurance company is starting to see some fundamental changes in the attitudes of its independent brokers. The salespeople for this insurance company called on independent brokers (i.e., insurance agents who are not employees and sell policies from a number of companies), who in turn sold to individual companies and households. In the past, brokers were primarily interested in getting the lowest price or “quotes” from the insurance company for a plan having features the broker’s customer requested. The lower the price, the easier it was for the broker to sell the plan and to show the customer the savings that resulted. Brokers were also interested in how quickly the company responded to a request for a quote. The role of the insurance company’s sales force was to ensure that brokers were aware of any new plans the company developed and to handle any possible service problems.

Increasingly, the insurance company’s salespeople were hearing a different story from the large brokers who had grown by merger and consolidation in the industry. Typical of the comments heard is the following from one of their largest brokers: “We need a lot of help. Every one of our offices does things its own way. We don’t have a common set of procedures, and we haven’t got a common information system. We’ll write a lot of business with you if your people are prepared to work with each office individually and help them get their act together.” The insurance company was not sure how to respond to this request, but knew that it could not afford to lose this customer’s business and that of other large brokers making similar requests.

Discussion Questions

1. How fundamentally different is the role of the sales force in addressing these new customer needs from that addressing the needs of more traditional brokers?
2. How will the selling effort change when addressing these new broker needs?
3. How will the changes affect sales management?

4. What are the threats and possible downside of addressing these emerging broker needs?