In 1970, ______ percent of Americans were considered middle-class (with household incomes between two-thirds to two times the national median income) whereas only ______ percent fell into that category by 2015.

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Answer 1

In 1970, 62 percent of Americans were considered middle-class (with household incomes between two-thirds to two times the national median income) whereas only 50 percent fell into that category by 2015.

What is the middle class?

The middle class is one of the social classes in an economy.  

The middle class is described as belonging to "households whose annual incomes are not less than two-thirds to double the U.S. median household income."

In the middle class, we find professional and business people and their families.  It is the most critical class in an economy.

Thus, research shows that the middle class has been shrinking since the 1970s.

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Related Questions

Evaluating information sources is a skill that can be used over the course of a lifetime for any personal or professional need.


True


False

Answers

Answer:

True

Explanation:

Jason is an effective leader because he has created a climate in which employees have a strong belief in their own ability to control their work. Which type of leadership would best describe Jason's style

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The type of leadership that Jason is following wherein employees have a strong belief in their own ability to control their work is called superleadership theory.

What is superleadership theory?

Superleadership is a leadership style developed by Charles Manz and Henry Sims, based on personal behavior.

It is similar in scope to state leadership theory, renaming the ideas for staff development under the marketable market. It is often described as "Leading others to lead themselves"

Thus, the correct statement is superleadership theory.

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In Blank______ pricing, an organization sets a price a few dollars or cents under an even number, such as at $3.99.

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In Blank odd-even pricing, an organization sets a price a few dollars or cents under an even number, such as at $3.99.

What is pricing strategy?

Pricing strategy is a method adopted by business to place prices on their products and services.

Pricing can affect everything about how your product is received by the market. A price that is too low may not generate enough interest or have enough of a margin for profit and vice versa.

Hence, in Blank odd-even pricing, an organization sets a price a few dollars or cents under an even number, such as at $3.99.

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Which warehouse location strategy would most likely be used if a company has many more suppliers than customers

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A located strategy called a market positioned strategy would be the most likely warehouse location strategy to be used if a company has many more suppliers than customers.

What is a market positioned strategy?

This strategy involves that determination of ideal number and the best location of warehouses to locate to allow the firm to best serve the organization's customers.

Hence, it is very important that the firm locates its warehouses where it will ensure an efficient operation and ultimately business success.

In conclusion, the market positioned strategy is the best location stragegy because it will allows to the firm to contact the supplier and consumer at ease.

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While you are a student, why is it recommended that you check the website or printed materials prepared by the professional organization of your chosen career

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It is recommended that you check the printed materials of your career organization so that:

You would be well aligned with the profession.It would  you to learn about the characteristics needed to be successful in your career,

What is a profession?

This is a paid occupation that a person belongs to after they have gone through periods of formal training.

To align with a career a student would be on the constant look out for information about the career.

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The distribution channel created when independent contractors are recruited by upliners and then recruit downliners, all of whom receive commissions, is called:

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The distribution channel is created when independent contractors are recruited by uplines and then recruit downliners, all of whom receive commissions are called Marketing intermediaries (middlemen).

What do you mean by multi-level marketing?

MLM stands for multi-level marketing also known as network, transfer advertising, and pyramid marketing.

In this type of marketing strategy, whereas a result of services or products where MLM company revenue is derived from unpaid employees, company services and products.

In this marketing strategy, the seller is expected to hire more vendors and each seller is an independent contractor who receives a commission on a sales basis.

Thus, Marketing intermediaries (middlemen) under Multilevel marketing is the correct statement.

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Answer:

multilevel marketing

Explanation:

When a company maintains its price but removes or prices separately one or more elements that were part of the former offer, such as free delivery or installation, it is known as ________. A. escalating B. differentiation C. reverse discounting D. delayed quotation pricing E. unbundling

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The name which is given to the process when a company maintains its price but removes or prices separately is known as E. unbundling

What is Price?

This refers to the attached value which is given to a good or service that is exchanged for that particular value.

Hence, we can see that when a company removes freebies such as free delivery or installation but maintains its price is known as unbundling and is a market activity.

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The five core job dimensions stated in the Hackman and Oldham model are skill variety, task identity, task significance, autonomy, and ______.

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The five core job dimensions stated in the Hackman and Oldham model are skill variety, task identity, task significance, autonomy, and feedback.

What is the Hackman and Oldham Model?

The Hackman and Oldham Model describes the five core dimensions that determine job outcomes.

The five core job dimensions show the different skills for performing a specific job.  They describe the competence areas and personality traits essential for an employee to perform according to job specifications.

Thus, the five core job dimensions stated in the Hackman and Oldham model are skill variety, task identity, task significance, autonomy, and feedback.

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A small-business owner wants to drive as many potential customers as possible to their website. The budget for their campaign is only $500 per month. Which type of automated bidding strategy best aligns to the owner's campaign goal

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The maximize click bidding strategy is one of the types of automated bidding strategy which best aligns with the set goal of $500 for a small owner.

What is the maximize click bidding strategy?

The maximize click bidding strategy is a kind of bidding strategy where the bid is automatically set to have the maximum number of clicks within the owner's budget.

The small owner should use the maximize click bidding strategy if he/she wants to attract more potential customers to their online website within the set budget of $500 on monthly basis. This strategy creates a number of clicks for the small owner as per the set amount of budget.

Hence, the maximize click bidding strategy is used by the small owner to achieve its goal within a fixed amount of budget of $500.

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Kwality Stores is famous for its woollen garments sourced from
Ludhiana. Its most popular selling item is its sweat-shirt which is sold at
1,000 per piece. The cost of placing an order and receiving goods is
₹ * 500 per order. Its holding cost is 300 p.a. Economic order quantity
for Kwality Stores is 200 sweat-shirts.
Calculate the annual demand of the sweat-shirts.

Answers

The Annual Demand of the Sweat-Shirts is: 16 Sweat Shirts/Annum. The steps for calculating this is given below.

How do you calculate Annual Demand?

The following process outlines the process for calculating Annual Demand.

Multiply steady demand by two.Multiply the result by the cost of ordering one unit. Divide the result by the cost of holding one unit in inventory for a year. Then, take the square root of the total.

This process applied is:

Steady demand here is: 200. Thus

200 X 2  = 400

400 * (200/500) = 160

160/(200/300) = 240

Annual Demand = [tex]\sqrt{240}[/tex]

= 15.4919333848

≈ 15.5. given that the item cannot be divisible by two, we can leave the answer at 16 Sweat Shirts/Annum.

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Economists define the unemployed as individuals who are.

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According to Economists, an individual is unemployed if they are not gainfully engaged with any activity.

Definition of Unemployment

Basically, individuals are consderred employed if they have a job that they are occupied with, while this is correct, the reverse is the case whereby an individual is not doing anything to earn a living.

In summary, unemployement in a civiliized society will lead to increased government cost, hence this will affect the GDP negatively.

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What are the main advantages of a secured and unsecured loan?.

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A lender will place a lien on an asset until the debt is paid off if you are authorized for a secured loan, further explained in the following paragraphs.

How is a secured loan different from an unsecured loan?

A lender will place a lien on an asset until the debt is paid off if you are authorized for a secured loan. An unsecured personal loan, on the other hand, does not require any form of security.

Benefits of unsecured loan:

don't have to use any of your assets to get money.As there are no assets to assess, loan approval may be completed sooner.Unsecured loans may be a better option if a little quantity of money is needed.

Benefits of secured loan:

The lender is taking on less financial risk, secured loans often have lower interest rates than unsecured loans. Some secured loans, such as mortgages and home equity loans, allow qualifying persons to deduct the interest paid on the loan each year from their taxes.

Therefore the above statement explains the secured loan and unsecured loan.

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If directors were aware of or should have been aware of Jian Liu activities, they would have been in violation of their Multiple Choice agency responsibilities. accumulated proxy responsibilities. fiduciary responsibilities. alignment of interests. managerial responsibilities.

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If directors were aware of or should have been aware of Jian Liu activities, they would have violated their b. fiduciary responsibilities.

What are fiduciary responsibilities?

Fiduciary responsibilities refer to the responsibilities of directors as agents to act in the best interests of their principals.

Fiduciary responsibilities are different from managerial responsibilities of planning, organizing, staffing, leading, and controlling.

Fiduciary responsibilities of directors mandate them as agents to act at all times in the best interest of their principals.

Thus, if directors of Luckin Coffee were aware of or should have been aware of Jian Liu activities, they would have been in violation of their b. fiduciary responsibilities.

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You are analyzing the cost of capital for a firm that is financed with 65 percent equity and 35 percent debt. The cost of debt capital is 8 percent, while the cost of equity capital is 20 percent for the firm. What is the overall cost of capital for the firm?.

Answers

After analyzing the cost of capital for a firm that is financed with 65 percent equity and 35 percent debt, the overall cost of capital for the firm is 15.8%.

What do you mean by the cost of capital?

The cost of capital refers to the minimum rate of return expected by its investors.

In other words, it refers to the cost of obtaining funds i.e. the average rate of return that the investors in a firm would expect for supplying the funds to the firm.

[tex]\begin{aligned}\text{k firm}&=\text{Debt}\times\text{ k debt} + \text{Equity}\times\text{ k equity}\\&=\left(0.35 \times 0.08\right) + \left(0.65\times0.2\right)\\&=0.158\\&=15.8\%\end{aligned}[/tex]

Therefore, the overall cost of capital is 15.8%.

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Dave invests in a bond that yields 3. 50% annual effective for 10 years. The bond pays coupons at a rate of 3. 50%, payable semi-annually. It has a redemption value of $75. Mike invests in a 5 year bond. The bond pays coupons at a rate of 14. 00%, payable quarterly. It has a redemption value of $150. Mike paid twice the price for his bond compared to what Dave paid. Both bonds have a face amount of $100. Calculate the annual effective yield for Mike's bond

Answers

The annual effective yield for Mike's bond is 3.20%, which is less than Dave's 3.50%.

What is the annual effective yield of a bond?

The annual effective yield is the total return expected from a bond if the bond is held till maturity.

The annual effective yield rate is the rate at which all future expected cash flows are discounted to find out the current value or the price of the bond.

We can use the following Yield to Maturity formula to calculate the annual effective yield rate.

Yield to Maturity = [Annual Interest + {(FV-Price)/Maturity}] / [(FV+Price)/2]

Data and Calculations:

Mike's investment:

Quarterly Interest = $3.50 ($100 x 14% x 1/4)

Annual interest = $14 ($100 x 14%)

FV = Face Value of the Bond = $100

Price = Current Market Price of the Bond at Redemption = $150

Maturity = Time to Maturity = 5 years

= {$14 + ($100 - $150)/5} / {($100 + $150)/2}

= $14 + -10 / 250/2

= 4/125

= 3.2%

Thus, the annual effective yield for Mike's bond is 3.20%, which is less than Dave's 3.50%.

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A type of vertical bar chart in which the categories are plotted in the descending rank order of the magnitude of their frequencies is called a:.

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A contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.

What is a contingency table?

They are frequency tables in which data from two qualitative variables are recorded and the relationship between them is analysed.

In these tables, the rows represent the categories of one variable and the columns the categories of the other variable or characteristic under study.

The cell located at the intersection of a given row and column, collects the absolute frequency simultaneously presented by the modalities that occupy the corresponding row and column.

Therefore, we can conclude that a contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.

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Investors in middle management are most likely to be investing because they're nearing retirement or Question 4 options: they're bored. they can offer a high ROI. they're failed entrepreneurs. they're senile.

Answers

Answer:

high ROI

Explanation:

Answer: Bored

Explanation:

"Middle managers. Angels in middle management positions start investing in small businesses for two major reasons—either they’re bored with their jobs and are looking for outside interests, or they are nearing retirement, or fear they are being phased out." Quote from Textbook

How do changing prices affect supply and demand? as price increases, both supply and demand increase. as price decreases, both supply and demand decrease. as price increases, supply decreases, but demand increases. as price decreases, supply decreases, but demand increases.

Answers

The price has been the deciding factor for the supply of the commodities. The decrease in the price results in a decrease in supply with increased demands.

What is the relationship between supply and demand?

The supply has been the practice of the serving commodities in the market, while the demand has been the requirement of the commodity in the market.

The price plays a crucial role in maintaining the supply and the demand chain, as with the decrease in the price, there will be an increase in the demand and this affects the supply chain which is reduced. Thus, option D is correct.

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Answer:

d

Explanation:

took quiz

Melinda walks into a local convenience store to buy chewing gum. She more than likely will employ ____ in deciding to make that purchase.

Answers

Answer: routine response behavior

Explanation:

Melinda walks into a local convenience store to buy chewing gum. She more than likely will employ routine response behaviour in deciding to make that purchase.

What is routine response behaviour?

Routine response behaviour occurs after a sufficient number of trials or purchases of a particular brand. The decision to again buy the product requires little or no decision-making as the routine choice behaviour becomes habitual with each subsequent purchase. Routine choice behaviour is a characteristic of being loyal to a brand as well.

With the rapid increase in promotion, the problem lies in measuring consumer response. An individual’s response to promotions is indicated by the extent to which promotions play a role in his or her purchase routine concerning a brand. It is important for marketers so that they avoid marketing-related environmental interruptions such as stockouts that could force loyal customers to try their competitor’s brand. In marketing, it is important to understand consumer buying behaviour patterns to increase business and customer loyalty.

The decision-making process of customers has different levels such as extensive problem-solving, limited problem solving etc.

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A company that has positive free cash flow struggles with a.retiring debt. b.having financial flexibility. c.funding internal growth. d.None of these choices are correct.

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A company that has positive free cash flow struggles with: None of these choices are correct.

What is the  positive free cash flow?

This is a ternm that is used in the world of business to imply that a business is generating more money than what they use to run the business and also used to reinvest.

This means that the business has potentials and they are able to support themselves for growth.

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Which of the following would be regulated by the GAO? O A. a "mom and pop" restaurant B. a non-profit charity O c. a large public corporation O D. the state of Nevada​

Answers

Answer:

the state of Nevada​

Explanation:

Risk-averse investors require higher rates of return on investments whose returns are highly uncertain, and most investors are risk averse true false

Answers

It is a true statement that risk averse investors require higher rates of return on investments whose returns are highly uncertain.

Who are the risk averse investors?

These are investor that have high tendency to chooses preservation of capital over the potential for a earning the higher than average return on an investment.

The investor generally prefers the safety of principal over the possibility of a higher return on their investment.

Therefore, the statement is true.

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An increase in the price of capital will _____ demand for labor if capital and labor are substitutes, and it will _____ the demand for labor if the scale effect dominates.

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An increase in the price of capital will increase the demand for labor if capital and labor are substitutes, and it will decrease the demand for labor if the scale effect dominates.

What is the impact of an increase in the price of capital on labor demand?

Substitute goods are goods that can be used in place of another good. If the price of a capital increases, the demand for the substitute, labor increases.

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__________ worth, a frequently used measure of wealth, refers to the value of savings and checking accounts, real estate, automobiles, stocks and bonds, and other assets, minus debts.

Answers

Net worth is the answer

Jeff Arnold and Reggie Bradford created WebMD, an Internet provider of health care information. During the development of this high-growth company, Arnold and Bradford attracted a group of investors who purchased stock in their company and provided them with ______ financing.

Answers

Arnold and Bradford attracted a group of investors who purchased stock in their company and provided them with equity financing.

What is equity financing?

Equity financing can be defined as the way in which a company or an organization  raise capital by selling their stock.

Most companies or organization tend to sell their shares or stock  to investors  who then provide them  with equity financing as this will enables them to raise money.

Therefore  Arnold and Bradford attracted a group of investors who purchased stock in their company and provided them with equity financing.

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You are approaching the maximum number of times you may view this page. Please complete your transaction at this time.

Answers

To approach the maximum number of times one may view a page means the possible number of access time to view such page. This is peculiar to transaction site. Below is a look on transaction.

What does it mean to transact?

It means to conduct or carry out (business). Transaction means an instance of buying or selling something.

Therefore, maximum number of times to view a page means the possible number of access time to view such page. A term that is related to transaction site.

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Companies that want to have the least amount of risk when pursuing business in a foreign country should consider countries that are _____.

Answers

Companies that want to have the least amount of risk when pursuing business in a foreign country should consider countries that are Location economies.

What is location economies?

Location economies involves the study of of a place, country for available market.

It involves the production of the goods with minimal risk and optimum output.

It serves as added advantage to cost of productions over their competitors.

Therefore, Companies that want to have the least amount of risk when pursuing business in a foreign country should consider countries that are Location economies.

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Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' __________.

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Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business financial events.

What is accounting?

Accounting is a process of keeping a financial record or preparing the financial record. It includes analysis, verification, and reporting of records of the transaction.

Accounting is the activity in the financial department of a company or business that keeps the daily finance accounts.

Hence, accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business financial events.

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When you speak with a successful and accomplished professional to seek out career advice, it is referred to asMultiple Choicea job fair.networking.an informational interview.LinkedIn.a situational interview.

Answers

When you speak with a successful and accomplished professional to seek out career advice, it is referred to an informational interview

What is an Informational Interview?

This refers to the type of interview where a person seeks out career advice from a successful career person, usually in the same career field to get some useful perspective.

Hence, we can see that based on the given scenario, the narrator is engaged in an informational interview because it was not for job purposes but to get career advice.

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An experience that would be listed in the ""other experience"" category would include _____. a. military service b. awards earned c. leadership opportunities d. all of the above

Answers

An experience that would be listed in the "other experience" category would include all of the above.

Hope that helps!

Answer: d. all of the above is the correct answer

Explanation: I did this quiz.

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