As a newly hired manager at your firm, you decide to start your tenure by assessing the sensibility of you current advertising expenditure. To do this, you ask your analytics team to collect useful data on the quantity of your product sold, the price, and advertising (in thousands) across a range of markets where your product is sold. The data they collected are in the spreadsheet below: Click here for the Excel Data File a. Using these data, determine the advertising elasticity of demand and the own-price elasticity of demand. (Hint: Recall what a log-log regression provides in terms of estimates). Instruction: Round your answers to the nearest hundredth. Advertising elasticity of demand: Own-price elasticity of demand: b. Ignoring issues concerning the precision of your estimates, what is the profit-maximizing advertising-to sales ratio for your product? Instruction: Round your answer to the nearest thousandth.
Answers
To find out how much customers are affected by advertising and changes in prices, one need to analyze the information using regression analysis.
What is the advertising?The advertising elasticity of demand shows how much people will buy something if the amount of money spent on advertising changes. You can figure it out by dividing how much advertising helps sales by how much you spend on advertising and how much you sell on average.
So, To find out how much money to spend on advertising to make the most profit, you have to think about how much you spend, how much you sell your product for, and how much money you earn.
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Related Questions
Identify the examples of backgrounds. Check all that apply.
Sabir was raised in a Muslim family.
Michael wants to earn a college degree.
Irene is planning to become a Carpenter.
Jean has parents who have strong political views.
George wants to learn how to style hair.
Bao grew up participating in Chinese cultural activities.
Answers
Answer: The answers are: Sabir was raised in a Muslim family, Jean has parents who have strong political views, and Bao grew up participating in Chinese cultural activities.
Hope this helps :)
Makayla bought a pair of shorts online for $73. She used a coupon code to get a 40% discount. The website also applied a 10% processing fee to the price after the discount. How much was the discount, in dollars and cents?
Answers
Answer:
39.42
Explanation:
73-40%=43.8
43.8-10%=39.42
what are two advantages of paying regular bills by direct debit?? :)
Answers
Answer:
It spreads the costs. Paying your regular bills or business outgoings by Direct Debit allows you to spread costs over a period that you agree with the organisation you are paying.
It's flexible.
Answer:Two advantages of paying regular bills by direct debit are:
1. Convenience: With direct debit, your bills are automatically paid from your account without you having to remember to make payments manually. This saves you time and hassle, as you don't have to worry about missing payments or remembering due dates.
2. Avoiding late fees: Direct debit ensures that your bills are paid on time, every time, which can help you avoid late fees and other penalties. This can be especially useful if you have a busy schedule and may forget to make payments on time.
Hi! Two advantages of paying regular bills by direct debit are:
1. Convenience: Direct debit automates the payment process, ensuring that your bills are paid on time without the need for manual intervention.
2. Budgeting: With regular and fixed payments, direct debit helps you better manage your finances by making it easier to plan your monthly expenses.
globalization is an important factor in communications but not in purchasing or supply chain.
T/F
Answers
False. Globalization is an important factor not only in communications but also in purchasing and supply chain.
Globalization has a profound impact on various aspects of business, including communications, purchasing, and supply chain. The statement suggesting that globalization is only important in communications but not in purchasing or supply chain is incorrect.
Globalization has expanded the reach of businesses beyond national boundaries, enabling them to access global markets for sourcing materials, products, and services. Companies often engage in global sourcing to take advantage of lower costs, specialized expertise, and a wider range of options in the procurement process. This aspect of globalization has transformed purchasing practices and supply chain strategies.
Additionally, globalization has facilitated the establishment of complex global supply chains, involving multiple countries and regions. Companies rely on international suppliers, transportation networks, and distribution channels to ensure the efficient flow of goods and services across borders. The integration of supply chains on a global scale has become crucial for businesses to remain competitive and meet customer demands.
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which of the following is not true of the foreign exchange market?select the correct answer below:each country has its own currency.sometimes small economies use the currency of an economically larger neighbor.the foreign exchange market is the largest market in the world economy.sometimes nations share a common currency.
Answers
The statement "sometimes nations share a common currency" is not true of the foreign exchange market. While some countries do use a common currency, such as the euro in the European Union, this is not a characteristic of the foreign exchange market.
The foreign exchange market involves the trading of different currencies between countries with their own unique currencies. The foreign exchange market is a decentralized global marketplace where participants can buy, sell, exchange and speculate on currencies. It is the largest and most liquid market in the world, with an estimated daily trading volume of over $6 trillion.
Each country has its own currency, and these currencies are traded against each other in the foreign exchange market. However, sometimes small economies, such as small island nations, may use the currency of a larger neighboring economy instead of their own currency. This practice is known as currency substitution.
In some cases, nations may also share a common currency, such as the countries that use the euro as their currency in the European Union. This practice is known as a currency union. So, all of the statements about the foreign exchange market are true except for the statement that "sometimes nations share a common currency," which is actually true.
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Sales and operations planning typically requires an integrated effort and cooperation from the following organizations:
Sales
Distribution and Logistics
Finance
Product Development
Operations
Answers
Sales and operations planning (S&OP) typically requires integrated effort and cooperation from Sales, Distribution and Logistics, Finance, Product Development, and Operations organizations.
To effectively implement S&OP, each organization plays a vital role. Sales focuses on forecasting customer demand, while Distribution and Logistics ensure timely and efficient product delivery. Finance analyzes costs and profitability, and Product Development introduces new products or enhancements.
Lastly, Operations ensures the production process meets demand. Collaboratively, these organizations work together to create a balanced plan that optimizes resources and meets customer expectations, while maintaining profitability and competitive advantage.
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You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the current state of the economy, he expects sales to decrease by 7 percent next year. What change should you expect in operating cash flows next year given your sales forecast?
Answers
Answer:
The change should you expect in operating cash flows next year would be 19.60%
Explanation:
In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:
change should you expect in operating cash flows=operating leverage rating*percentage of decrease sales next year
change should you expect in operating cash flows=2.8*0.07
change should you expect in operating cash flows=19.60%
The change should you expect in operating cash flows next year would be 19.60%
You drink 19 beers to celebrate the end of your risk management and insurance class, then have an accident while driving home from the bar. The police charge you with drunk driving, and with hitting another automobile from behind. What will your automobile insurer do when you file a claim for the damage to your car, and, what will it do when the injured people in the other car file claims to have their bodily injuries paid for
Answers
Answer: The insurer will pay for claims that was insured for or that which the insurance package covers.
Explanation:
Insurance could be described simply as a cover for damages done either in the present or future to be able to curb losses. Insurance companies offer various packages or insurance covers to the client, ranging from house, to cars and other various insurance cover. The insurance company will pay the claim for the accidents but this would be based on the particular claim that was insured for because the Insurance company won't pay for claim that wasn't insured, it would be a loss on their side
what type of network chart depicts the timeline for a project and displays when certain processes will have slack?
Answers
The network chart depicts the timeline for a project and displays when certain processes will have slack is type of Gantt chart.
What do you mean by the network chart?A project's workflow is shown graphically in a project network diagram.
A network diagram is a project management chart that lists boxes for activities and roles, followed by arrows that show the timetable and order in which the work must be done.
The project schedule, including scheduled start times, finish timings, and slack times, is displayed visually in a Gantt chart.
Therefore, the network chart depicts the timeline for a project and displays when certain processes will have slack is type of Gantt chart.
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Modifying the product, modifying the market, and repositioning the product are three ways to manage a product through ______.
Answers
Increased product use among current customers is one way to control a product, along with improving the market and repositioning the product.
How does product planning work?The iterative process of establishing, fine-tuning, aiming for, and measuring the key outcomes your product creates for your customers and business is known as product planning, also known as product management planning. This comprises:
finding the outcomes that best define success for your customers and business through research.identifying the components and features your product needs to have to accomplish these goals.determining the procedures and metrics needed to move the product from the idea stage to execution.Why does your product team need to prioritize product planning?
Product teams should approach product planning as a way of thinking and working, not as something they do occasionally. By adopting this mindset, teams are brought together around crucial results that define success for the client and the company.
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2. If changes happen during September or October, which expenses will you be able to change most easily? Give an example of how you could make a change. (5 points)
Answers
The correct answer to this open question is the following.
Although the question does not provide any context, references, or give options, we can say that if changes happen during September or October, the expenses you will be able to change most easily are according with the provisions projected in the annual plan, the budget, compared with the monthly expenses.
That is why a company has to elaborate on a good financial plan and overseeing the projections and true sales of the marketing and sales plan. This is important to take the proper control of expenses and revenues. Depending on the volume of sales during September and October, you can decide what kind of changes or adjustments to make in the following months.
Answer:
I would be able to change the variable expenses most easily. Such as food, clothing, and discretionary spending.
I could make the change by
Budgeting in October:
food from spending -$70 back to -$60
cut clothes off since I bought some already from -$40 to $0
budget my discretionary spending from -$60 back to -$40
This would increase my savings to $230
What do Investors use the income statements of organizations for?
Investors use income statements of organizations to calculate ____
1. Financial statements
2. Financial journals
3. financial ratios
such as the business's operating margin, and
1. Turnover ratio
2. Profit Margin
3. ROA
Answers
Answer:
financial ratios and profit margins
Explanation:
Terry has just purchased a new car, which had a list price of $16,825. She had to pay 7. 19% sales tax, a $1,128 vehicle registration fee, and a $190 documentation fee. Terry traded in her previous vehicle, a 2003 Honda Element in good condition to use as a downpayment. The dealer paid full price for her trade in. She financed the rest of the cost over five years at an interest rate of 10. 59%, compounded monthly. What is her principal payment per month? (Round all dollar values to the nearest cent. ) Honda Cars in Good Condition Model/Year 2000 2001 2002 2003 Element $5,887 $6,080 $6,225 $6,622 Odyssey $8,450 $8,693 $8,928 $9,224 Insight $4,384 $4,661 $5,006 $5,440 Accord $6,356 $6,626 $6,817 $7,114 a. $416. 83 b. $190. 00 c. $218. 16 d. $274. 20.
Answers
The principal payment per month of the loan will be $190.00 approximately.
The answer is calculated by not giving effect to the interest amount for 5 years.
How to calculate principal per month?The principal per month refers to the original amount borrowed divided by the number of months for which the amount is borrowed. The formula therefore to calculate principal per month will be:
\(\rm Principal\:per\:month = \dfrac{\rm Amount\: borrowed}{Number\:of\:month}\)
For the given question, the principal per month will be calculated as follows:
\(\begin{aligned} \rm Price\:of\:car &= List\:price + Sales\:tax\\\\&= \$16,825 + 7.19\%\\\\&= \$18,034.72\end\)
The principal borrowed will be list price less downpayment of the car.
\(\begin{aligned} \rm Principal\:borrowed &= \rm Price - Downpayment\\\\&= \$18,034.72 - \$6,662\\\\&=\$11,412.72\end\)
Therefore, principal per month will be:
\(\begin{aligned}\rm Principal\:per\:month &= \dfrac{11,412.72}{5 \times 12}\\\\&= \dfrac{11,412.72}{60}\\\\\\&= \$190.2\end\)
Therefore, the principal per month will be $190(approximately).
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The epicurean society is holding its annual election for president. the three candidates are a, b, and
c. twentytwenty percent of the voters like upper bb the most and upper aa the least. forty forty percent of the voters like upper aa the most and upper cc the least. of the remaining 234234 prefer upper cc to upper bb and upper bb to upper aa, and 702702 prefer upper cc to upper aa and upper aa to upper bb. write out the preference schedule for this election.
Answers
Answer:
b
Explanation:
The success of sports marketing does not depend upon ______.
Answers
The success of sports marketing does not depend on any single factor, instead, it is the result of a combination of various factors.
Here are some of the key factors that contribute to the success of sports marketing to understand the target audience: The success of sports marketing depends on understanding the demographics and psychographics of the target audience. Marketers must identify the interests, behaviors, and attitudes of the target audience to develop targeted marketing campaigns.
Strong branding: Sports marketing success also depends on strong branding. This includes developing a unique brand identity, establishing a brand voice, and creating a brand personality that resonates with the target audience.
Engaging content: Engaging and relevant content is also important for sports marketing success. This may include highlights of games, player interviews, behind-the-scenes footage, and other content that is relevant to the target audience.
Sponsorship and partnerships: Partnerships with other brands and sponsorships can help increase the reach and visibility of sports marketing efforts. This also helps create a positive association between the brand and the sports team or athlete.
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he left the clinic. start's with that
Answers
Answer:
sí, salió de la clínica
Explanation:
Your new health insurance has a $4000 deductible. What does that mean?
Answers
If you pay the balance of your credit card bill before the due date, how much do you pay?
A. The full amount that you owe
B. The full amount you owe, plus a service fee
C. The full amount you owe, plus interest for the past month
D. The minimum payment on your bill
Answers
Answer:
If you pay the balance of your credit card bill before the due date, you would pay the minimum payment on your bill.
Explanation:
The benefits of paying your bill in the middle of the statement period include freeing up your line of credit and helping reduce the amount of interest you may pay. Paying your credit card bill in full before the statement closes means you shouldn't have to pay any interest, unless you have been paying down a balance over several months. Most credit card issuers give you a grace period during which you're not liable for paying interest, provided you pay your account in-full before the statement due date. If you pay your balance before the statement closes, you'll see a "payments" line on your statement, reflecting the amount that's been subtracted from your statement balance. Paying your credit card bill early frees up credit on your account - paying your balance in full causes your credit card limit to reset. When you make a credit card payment, the amount of your payment is automatically added back to your credit line, which can be especially useful helpful if you're getting close to maxing out your credit limit.
If management wishes to measure how effectively assets were used in generating net income, they would use:
A: Return on Equity
B: Profit Margin
C: Return on Assets
D: Return on Sales
Answers
If management wants to measure how effectively assets were utilized in generating net income, they would use Return on Assets (ROA). ROA measures the efficiency of utilizing assets to generate profits.
Return on Assets (ROA) is a financial metric that evaluates how effectively a company's assets are being employed to generate profits. It is calculated by dividing net income by average total assets. ROA provides insight into the company's ability to generate earnings from its investments in assets. A higher ROA indicates better efficiency in asset utilization, while a lower ROA suggests less effective asset utilization.
Return on Equity (ROE) measures the return on the shareholders' equity invested in the company, focusing on the profitability from the perspective of equity investors. Profit Margin assesses the company's profitability by calculating the ratio of net income to sales revenue. Return on Sales, also known as operating profit margin, measures the profitability of each sales dollar.
While all these metrics provide valuable information about financial performance, if management specifically wants to assess how effectively assets were used in generating net income, Return on Assets (ROA) is the most suitable choice.
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When a US Airways flight crashed into the Hudson River, all members of the fight crew knew exactly what to do, without waiting for orders. As a result of their actions, a disaster was averted, and all
passengers were rescued. This is an example of:
A) transformational leadership
B) a leadership substitute
C) a leadership neutralizer
D) coercive power
E) virtual leadership
Answers
As a result of their actions, a disaster was averted, and all passengers were rescued. This is an example of a leadership substitute.
leaderships substitutes are variable that make leadership unnecessary for subordinates and reduce the extent to which subordinates rely on their leader.
It clarify role expectations, motivate organizational members or satisfy members. In some cases, these substitutes supplement the behavior of a leader.
A leadership substitutes is something that acts in place of the influence of a leader and makes leadership unnecessary.
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A semester consists of half the year (18 weeks) and is worth .5 (1/2)
credit. *
True
False
Answers
coral company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per share and 9,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $297,000. what are the proceeds allocated to the common stock?
Answers
Coral company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per share and 9,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $297,000.
=[(6,000 × $25) ÷ [(6,000 × $25) + (9,000 × $20)]] × $288,000
= $130,909.
Shares, also known as stocks, are securities that represent partial ownership of the issuing company. A unit of stock is called a "share" and allows the holder to receive a portion of the company's assets and profits equal to the number of shares held.
Shares represent ownership of the listed company. When you buy stock in a company, you become a joint owner of that company. For example, if a company owns 100,000 shares of him and he buys 1,000 of them, he owns 1% of the company. Equity means a share of ownership in a company. An example stock is 100 shares of Disney Corporation.
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which of the following best describes the concept of the tragedy of the commons? responses resources that are shared by individuals, such as the ogallala aquifer groundwater, are highly regulated by legislation, thereby depriving common people of their use. resources that are shared by individuals, such as the ogallala aquifer groundwater, are highly regulated by legislation, thereby depriving common people of their use. communities enact recycling programs to reduce the amount of materials that need to be mined. the cost of the recycling program is absorbed by community taxes. communities enact recycling programs to reduce the amount of materials that need to be mined. the cost of the recycling program is absorbed by community taxes. the aim of large logging operations in tropical rain forests is economic gain, rather than sustainability. therefore, the shared resources in the forest could become depleted. the aim of large logging operations in tropical rain forests is economic gain, rather than sustainability. therefore, the shared resources in the forest could become depleted. soil nutrients, such as nitrates, are used unequally depending on the type of vegetation. therefore, farmers must add fertilizers to certain areas to grow crops.
Answers
The sentence that best describes the concept of the tragedy of the commons is the aim of large logging operations in tropical rain forests is economic gain, rather than sustainability. therefore, the shared resources in the forest could become depleted.
What was the concept of the tragedy of the commons?The phrase "tragedy of the commons" describes a situation in which people who have access to a shared resource, also known as a common, act selfishly and ultimately deplete the resource. British author William Forster Lloyd initially conceived of this economic theory in 1833.
It shoul;d be noted that tragedy of the commons is a situation where individual users who have open access to a resource are hindered by shared social structures or formal norms, both in an economics context and in an ecological one..
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First, we need to figure out how much you want to borrow. You said you wanted to spend $5,000, and you will put $500 down. Based on that, we can estimate your taxes to be $340. Put those numbers into the calculator and press calculate to see how much money you will need for your loan.
Answers
"$4840" will be the total amount for the loan.
To "borrow" a thing means to use it with the purpose of giving it back. "Loan" is a word that can refer to either the act of giving anything to anyone or a number of funds it must be repaid with interest. That basically implies you can't say you're "borrowing" anything from anyone.
From the information that is provided:
Money that is spent = $5000
Down payment made = $500
The amount of taxes = $340
The total amount for the loan that is taken is
= 5000 - 500 +340
= $4840
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Budgets ______. Multiple choice question. Focus on what has happened in the past communicate management's plan throughout the organization primarily help managers with day-to-day emergencies
Answers
Budgets assist to communicate management's plan throughout the organization.
What is budget?A budget is a spending plan based on income and expenses. It is an estimate of how much money you'll make and spend over a certain period of time.
The purpose of the budget is to establish financial objectives with the monitoring and measurement of results, enabling better decision-making. Budget is done for allocation of expenditures for various purposes over the next year.
Hence, budgets communicate management's plan throughout the organization.
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what is the most difficult level of market screening analysis based on the accessibility and subjectivity of the data?
Answers
Micro-level analysis is the most challenging in terms of data accessibility and subjectivity in market screening analysis.
The most difficult level of market screening analysis based on the accessibility and subjectivity of the data is the micro-level analysis, which involves gathering detailed and specific data at an individual level and making subjective judgments based on customer insights.
Micro-level analysis requires collecting data on individual customers, market niches, or specific locations. This level of analysis involves understanding customer preferences, behavior, and purchasing patterns, which can be challenging to obtain and subjective in nature. It often requires conducting surveys, interviews, or observational studies to gather insights.
The accessibility of micro-level data can be a significant hurdle. Obtaining granular data at an individual level may involve significant efforts, costs, and time. It may require engaging with a small sample size or relying on third-party data sources, which may not fully capture the specific market dynamics.
Additionally, micro-level analysis involves a high degree of subjectivity. Understanding and interpreting individual customer preferences and motivations can be complex.
It requires a deep understanding of cultural, social, and psychological factors that influence consumer behavior. Interpreting and translating these insights into actionable market strategies involves subjective judgments and interpretations.
Subjectivity also arises from the variability and uniqueness of individual customer preferences. Customer behavior and preferences can change over time and may differ among individuals. This variability adds complexity and uncertainty to the analysis.
In summary, the micro-level analysis poses challenges in terms of data accessibility and subjectivity. Obtaining detailed data at an individual level and making subjective judgments based on customer insights make it the most difficult level of market screening analysis.
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maverick technologies has sales of $3,000,000. the company's fixed operating costs total $529,435 and its variable costs equal 60% of sales. the company's interest expense is $500,000. what is the company's degree of total leverage (dtl)?
Answers
The company's degree of total leverage (DTL) is approximately 7.03, which indicates how sensitive the company's earnings per share (EPS) are to changes in sales.
To calculate the degree of total leverage (DTL) for Maverick Technologies, we need to consider the company's operating and financial leverage. Here's a step-by-step breakdown to find DTL:
1. Calculate the contribution margin: Sales - Variable Costs
Contribution Margin = $3,000,000 - (0.60 x $3,000,000) = $3,000,000 - $1,800,000 = $1,200,000
2. Calculate earnings before interest and taxes (EBIT): Contribution Margin - Fixed Operating Costs
EBIT = $1,200,000 - $529,435 = $670,565
3. Calculate earnings before taxes (EBT): EBIT - Interest Expense
EBT = $670,565 - $500,000 = $170,565
4. Calculate the degree of operating leverage (DOL): Contribution Margin / EBIT
DOL = $1,200,000 / $670,565 ≈ 1.79
5. Calculate the degree of financial leverage (DFL): EBIT / EBT
DFL = $670,565 / $170,565 ≈ 3.93
6. Calculate the degree of total leverage (DTL): DOL x DFL
DTL = 1.79 x 3.93 ≈ 7.03
A higher DTL signifies greater financial risk, as it amplifies the effect of sales fluctuations on net income.
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how might a traditional university benefit from a partnership with pluralsight?
Answers
A key benefit of a partnership with Pluralsight is that traditional universities can provide their students with access to cutting-edge online content to enhance their skills and prepare them for the competitive job market.
Pluralsight is a leading online learning platform with a wide variety of online courses in software development, web design, data science, artificial intelligence, computer security and other areas.
By partnering with Pluralsight, traditional universities can also add online learning courses to their academic program to provide students with a more interactive, flexible and affordable education. This will allow universities to offer online courses at a wider time slot and reduced cost. In addition, students can also access content in a self-directed manner, which will contribute to continuing education in their career.
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Using SMART goal-Written criteria blank refers to asking how ?
A.measurable
B.timely
C.specific
D.realistic
E.attainable
Answers
Answer:
A.measurable
Explanation:
Smart is an acronym Specific, Measurable, Achievable,
Realistic and Timely. These are attributes that guide how goals or objectives should be set.
The question of " how" is answered by the attribute 'measurable.'
In this criterion, measurable describes the specific criteria to be used and the ways of measuring progress toward accomplishing the goal. The path to achieving the objective must be meaningful and motivating.
Answer:
Measurable
Explanation:
4. In your progress report, you want the Work Completed section to follow your
Summary of Costs. To date, the company has rewritten the home page content,
created a new logo, and updated the overall structure of the site. Currently, an idea
for site navigation has been proposed but not yet confirmed. You want to include a
visual of the navigation option in the progress report.
a. The navigation option includes these links from the Home Page: About, Services,
Customer Reviews, and Contact. The About section would include links to History
and Our Mission; the Services section would also include links to Pricing, Scope, and
Timeline. Show an example of a simple, custom graphic to display the navigation. (3
points)
Answers
Links to About, Services, Customer Reviews, and Contact are included in the suggested navigation option, along with dropdown menus for About (History and Our Purpose) and Services (Pricing, Scope, and Timeline).
What type of bar chart is most popular?When showing a sequence of statistics over time, it is highly helpful. If long labels are needed, vertical bar graphs have the drawback of not leaving much room at the bottom of the chart.
Which bar charts are frequently employed to display time series data?Using a sequence of bars, time series bar charts can display changes in a metric over time. This allows you to plot several series, display the breakdown of a metric across dimensions, and display the evolution of the values over time.
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