what is the name for the rooms-related report that would identify the number of group rooms currently on the books as well as the rate or speed at which group rooms are currently being sold? group of answer choices constrained supply report demand generator report pace report occupancy report

Answers

Answer 1

A pace report is a room-related report that tracks the number and rate of group rooms being sold. Thus, option C is correct.

The report on rooms is referred to as a "pace report," and it would show how many group suites are now available for booking as well as how quickly they are selling.

The goal of pace reports is typically to provide readers with a short overview of anticipated revenue from rooms compared to the prior year. The data is often aggregated to concentrate on the success of all rooms by market. This is provided in the information.

Therefore, option C is correct.

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Related Questions

real gdp is the yearly production of final goods and services valued at

Answers

Real GDP (Gross Domestic Product) is the yearly production of final goods and services valued at constant prices, adjusted for inflation.

Why is real GDP important and what does it mean?

Gross domestic product, or GDP, is the total monetary value, or market value, of finished products and services produced inside a nation over a specified time period, usually a year or quarter. It can be used to gauge the health of an economy and is, in this sense, a measurement of domestic production.

The annual production of finished goods and services evaluated at constant prices and adjusted for inflation is known as real GDP (Gross Domestic Product). In other words, it is a measurement of a nation's overall economic production in a particular year that takes into account variations in the cost of products and services over time. Real GDP, which uses constant prices, captures changes in the quantity of goods and services produced rather than price changes, allowing for more precise comparisons of economic output between various years or periods.

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please help me anyone

please help me anyone

Answers

Answer:

i believe its a

Explanation:

hope it helps!!

Answer: It is A

Because Hard Skills are the Technical Skills used to perform daily job functions because Hard Skills allow you to perform a job that include mathematical calculations, equations, Computer engineering, Testing, equations, etc. Good Luck on you Quiz and Hope this Helped!

Zahler Company uses a periodic inventory system and the average-cost method. At December 31, 2025, the following information has been compiled for its finished goods inventory: ted selling price At what amount should the company value its finished goods inventory at December 31, 2025? $13000 $14500 $12250 $14250

Answers

To determine the value of the finished goods inventory at December 31, 2025, we need more information regarding the quantity or units of the finished goods inventory. The given information only mentions the "ted selling price" but doesn't provide details about the quantity of units or their respective costs.

In the periodic inventory system using the average-cost method, the inventory value is calculated by taking the average cost per unit and multiplying it by the number of units in inventory.

Without the information regarding the quantity and costs of units, it is not possible to accurately determine the value of the finished goods inventory. Therefore, none of the given options ($13000, $14500, $12250, $14250) can be definitively chosen as the correct value for the finished goods inventory at December 31, 2025.

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each point on a ________ curve shows the willingness of consumers to purchase a product at different prices.

Answers

Answer:

demand is the word.

Explanation:

Each point on a demand curve shows: The willingness of consumers to purchase a product at different prices. The consumer surplus received from purchasing a given quantity of a product The economics surplus received from purchasing a given quantity of a product The legally determined maximum price that sellers may charge for a given quantity of product.

How are volatility and risk related in an investment?

A.
a volatile investment is less risky
B.
a volatile investment is more risky
C.
volatility and risk are not related

Answers

The terms volatility and risk are related in an investment because a volatile investment is more risky. The Option B is correct.

What is a volatile investment?

Basically, the term volatility describes when a market or security experiences periods of unpredictable and sometimes sharp, price movements. Most People often think of volatility only when prices fall, however volatility can also refer to sudden price rises too.

Most of the Increased market volatility are caused by economic or policy factors including changes in other markets, interest rate hikes, and the Fed's current monetary policy. A political instability can also lead to market volatility.

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what authority is ended with the termination of an agency relationship?

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The termination of an agency relationship ends the authority of the agent to act on behalf of the principal.

An agency relationship is created when one person (the principal) hires another person (the agent) to act on their behalf in a legal or business matter. The agent is authorized to make decisions and take actions on behalf of the principal, subject to certain limitations and guidelines set by the principal.When the agency relationship is terminated, the agent's authority to act on behalf of the principal comes to an end. The agent is no longer authorized to make decisions or take actions on behalf of the principal, and any agreements or contracts entered into by the agent on behalf of the principal may become null and void.It is important for both parties to be aware of the circumstances under which the agency relationship may be terminated, as well as any procedures or requirements for terminating the relationship. In some cases, termination may occur automatically at the expiration of a fixed term or completion of a specific task, while in other cases it may require notice and/or mutual agreement between the parties.

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The several processes associated with the acquiring of goods from external vendors are collectively referred to as the ________ process.
A) make-to-stock
B) make-to-order
C) order-to-cash
D) plan-to-produce
E) procure-to-pay

Answers

The several processes associated with the acquiring of goods from external vendors are collectively referred to as the procure-to-pay process. So, the correct answer is option E .

In the mentioned context, the procure-to-pay process involves all the steps and activities necessary to acquire goods or services from an external vendor, including identifying the need for goods or services, selecting a vendor, negotiating the terms and conditions, creating a purchase order, receiving and inspecting the goods, processing the invoice, and making the payment.

Therefore, procure-to-pay is the correct answer.

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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

Investment: Securities 1.7. Choose any form of investment and make a presentation in a form of a power Point/ cue cards. Submit your PowerPoint presentation/ Q- cards as evidence to your teacher. Use the following factors to consider when making investment decisions to explain the impact of the form of investment of your choice. S 1.7.1 Liquidity 1.7.2 Risk​

Answers

Liquidity and risk are two crucial aspects to take into account when making investment decisions.

The ease with which an investment can be changed into cash without suffering a large loss in value is referred to as liquidity. The liquidity of various investment types varies in various ways.

The uncertainty and possibility of loss connected to investment are referred to as risk. Risk levels are different for various investment vehicles.

The potential for bigger profits on investments with a higher level of risk is also accompanied by a greater likelihood of loss. Although they could offer more consistency, lower-risk investments may also produce lower returns.

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Papas Ltd has finalised its accounts for the month of December. Actual Budget Units of production 100,000 110,000 Overheads £170,000 £209,000 The Overhead Absorption Rate (QAR) for December is Choose... ✓ Choose... £1.90 L None of the above £1.55 £3.79 £2.09 £1.70 The absorbed overheads are Choose... ✓ Choose... £190,000 £209,000 £100,000 £187,000 £170,000 Previous page £110,000 The under/over absorption is: Choose... ✓ Choose... £22,000 under absorbed £187,000 over absorbed £187,000 under absorbed £22,000 over absorbed Р ni £209,000 under absorbed £209,000 over absorbed £170,000 over absorbed £170,000 under absorbed

Answers

The units of production for the month were 100,000 actual units and 110,000 budgeted units.
To calculate the overhead absorption rate (OAR), we can use the formula:
OAR = Budgeted Overheads / Budgeted Units of Production
OAR = £209,000 / 110,000
OAR = £1.90
Therefore, the OAR for December is £1.90.
To calculate the absorbed overheads, we can use the formula:
Absorbed Overheads = OAR x Actual Units of Production
Absorbed Overheads = £1.90 x 100,000
Absorbed Overheads = £190,000
Therefore, the absorbed overheads for December are £190,000.
To calculate the under/over absorption, we can use the formula:
Under/Over Absorption = Actual Overheads - Absorbed Overheads
Under/Over Absorption = £170,000 - £190,000
Under/Over Absorption = £20,000 under absorbed
Therefore, the under/over absorption for December is £20,000 under absorbed.

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A cooling-off period of how many years is required before a member of an issuer's audit engagement team may begin working for the registrant in a key position?
Four years.
One year.
Three years.
O Two years.

Answers

The SEC’s auditor independence rules require a cooling-off period of two years before an auditor may begin working for the audit client in a key position.

A cooling-off period of two years is required before a member of an issuer's audit engagement team may begin working for the registrant in a key position. This requirement is specified in the SEC’s auditor independence rules. This period is necessary to ensure that the auditors maintain their independence and avoid any conflicts of interest with the audit client.The SEC’s rules and regulations aim to enhance auditor independence and prevent any conflicts of interest that might compromise the auditor’s objectivity, integrity, and professional skepticism. These rules aim to ensure that the audit is conducted fairly and impartially, and that the auditor’s opinion is objective and credible.Therefore, the SEC imposes a two-year cooling-off period before an auditor may begin working for the audit client in a key position. This means that the auditor is prohibited from accepting a position with the audit client as a director, officer, or employee, or providing any non-audit services to the audit client for two years after the completion of the audit engagement.

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7. Name 5 main decision makers in macroeconomics

Answers

Answer:

1. Households

2. Firms

3. Governments

4. "The Rest of the World"

I don't know a good fifth

Explanation:

Define War. A violent clash of interest between/among organized groups characterized by the use of military force/ True or false

Answers

The definition of war as a "violent clash of interest between/among organized groups characterized by the use of military force" is generally considered to be accurate.

Therefore the answer is True.

However, there is ongoing debate about what constitutes a "violent clash" and what types of military force are considered legitimate in the context of warfare. Some argue that modern warfare includes forms of violence beyond traditional military force, such as cyberattacks or economic sanctions, while others argue that non-state actors and asymmetric warfare must also be considered when defining war. Despite these debates, the use of military force to achieve political objectives remains a defining characteristic of war.

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suppose you purchased an income-producing property for $395,000 five years ago. in year 1, you were able to negotiate a lease that paid $30,000 per year at the end of each year. if you are able to sell the property at the end of year 5 for $420,000 (after receiving our final lease payment), what was the internal rate of return (irr) on this investment?

Answers

The Internal Rate of Return on this investment is approximately 5.5%, which means that the investment earned an average annual return of 5.5% over the 5-year period.

To calculate the Internal Rate of Return (IRR) on an investment, we need to determine the net cash flows from the investment and solve for the discount rate that makes the net present value of those cash flows equal to zero.

In this scenario, the purchase price of the property was $395,000. In year 1, the lease payment was $30,000. Assuming the lease payment remained constant, the total cash flows from the investment over 5 years would be:

Year 1: $30,000

Year 2: $30,000

Year 3: $30,000

Year 4: $30,000

Year 5: $30,000 + $420,000 (sales price)

To calculate the net cash flows, we need to subtract the initial purchase price from the total cash flows for each year:

Year 1: $30,000 - $395,000 = -$365,000

Year 2: $30,000 = $30,000

Year 3: $30,000 = $30,000

Year 4: $30,000 = $30,000

Year 5: $30,000 + $420,000 - $395,000 = $55,000

The net cash flows over the investment period total $80,000 ($55,000 + $30,000 + $30,000 + $30,000 - $365,000).

Using a financial calculator or spreadsheet, we can solve for the IRR that makes the net present value of these cash flows equal to zero. The IRR on this investment is approximately 5.5%.

This means that the investment earned an average annual return of 5.5% over the 5-year period. However, it's important to note that this calculation assumes that the lease payment remained constant and that there were no additional expenses or income from the property. In reality, the actual IRR could be higher or lower depending on these factors.

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Fill in the blank: In order to calculate marginal cost, the change in ______________ is divided by the amount of change in quantity.

Answers

In order to calculate marginal cost, the change in total cost is divided by the amount of change in quantity.

Marginal cost is a crucial concept in microeconomics that refers to the cost incurred by producing one additional unit of a product or service. It helps businesses to determine the point at which they can produce goods and services in the most efficient way.

To calculate the marginal cost, one needs to divide the change in the total cost of production that arises from producing one more unit of output by the change in the quantity of output. In other words, the marginal cost is the cost of producing one extra unit of output.

For instance, if a company produces 100 units of a product for $5,000, and then it decides to produce an extra unit of the same product for $55, the marginal cost for that additional unit will be $55 (the change in total cost) divided by 1 (the change in quantity), which equals $55. The marginal cost can help businesses to optimize their production decisions by determining the level of output that maximizes their profits.

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An example of a correction of an error in previously issued financial statements is a change?a. in the tax assessment related to a prior period. b. in the service life of plant assets, based on changes in the economic environment. c. from the cash basis of accounting to the accrual basis of accounting. d. from the FIFO method of inventory valuation to the LIFO method.

Answers

A conversion from the capital account to the accrual method of accounting occurs when a mistake in previously published financial statements is fixed.

Explaining finances is what?

Finance is the process of creating funds or cash for any kind of spending. It involves allocating various financial resources, including as lending, loans, and invested capital, to the areas of the economy that may benefit from them most.

Describe a problem with money:

The inability to pay either early or late debt obligations is financial hardship. Debt makes it harder to manage money and lowers one's purchasing power. Financial worries start to arise once all debts have been paid. There has to be a fix so that debts may be

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You just started your first full-time job, and one of the benefits is a retirement savings plan. Someone in the human resources department is going over your benefits and says that you have make choices about how the retirement savings plan is invested. She gives you some papers to read and asks you to stop by and let her know your choices when you come to work tomorrow. What must you consider as you read the information and make your choices? Answer in complete sentences.

Answers

I need to be aware that investment options and the market conditions can change over time, and I should regularly review and adjust my investment choices as to ensure I am on the track to meet my retirement goals.

What is retirement?

Retirement is a phase in a person's life when they choose to stop working or reduce their work hours. It is a time when people typically have reached a certain age, have accumulated enough savings or investments, and are ready to leave the workforce. Retirement can be a voluntary decision or forced due to health issues or other reasons. During retirement, individuals can pursue hobbies, travel, spend time with family and friends, and engage in leisure activities they did not have time for while working. Retirement also involves careful financial planning to ensure that one's income will be sufficient to support their lifestyle and cover expenses, such as healthcare and housing. Many people also choose to seek advice from financial planners and other professionals to help them navigate this phase of life.

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How does a trade deficit occur?

Answers

Answer:

It is an economic condition that occurs when a country is importing more goods than it is exporting.

Explanation:

Answer:

It is an economic condition that occurs when a country is importing more goods than it is exporting.

Explanation:

If an organization wishes to change its culture, managers can alter the types of _____ and status symbols they give out and to whom they give them.heroesstoriesrewardsrituals

Answers

If an organization wishes to change its culture, managers can alter the types of rewards and status symbols they give out and to whom they give them, option C.

A firm, institution, group, or other type of body made up of one or more individuals and serving a specific function is referred to as an organisation or organisation.

A wide range of legal entities exist, including companies, governments, non-governmental organisations, political organisations, international organisations, armed forces, charities, for-profit businesses, partnerships, cooperatives, and educational institutions, among others.

A hybrid organisation is one that performs public functions and creates commercial market activity concurrently in the public and private sectors.

A volunteer-run organisation is referred to as a voluntary association. Depending on the jurisdiction, these organisations, which may include informal clubs or coordinating bodies with a purpose in mind that they might express in the form of a manifesto, mission statement,

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Complete question:

If an organization wishes to change its culture, managers can alter the types of ______ and status symbols they give out and to whom they give them.

Multiple choice question.

heroes

stories

rewards

rituals

Reinvesting cash flow allows a firm produce additional products and generate additional sales.
O True
O False

Answers

True I think I am not 100% sure

ayuda pleacer pleacer para hoyyyy ​

ayuda pleacer pleacer para hoyyyy

Answers

Si shown. Sufism TV shake f ah I

Answer:

Coati o Mapache mexicano

Tecolote

Lobo mexicano

Vaquita marina

Perrito de la pradera mexicano (Cynomys mexicanus)

Amazona o lobo de cabeza amarilla

Ajolote

Tortuga marina

Ocelote

Quetzal

PLANTAS:

Nochebuena

Cempasúchil

Zapatilla de Venus

Magnolia pacífica

Peyote

Peyotillo

Nopal Cardon

Dalia

Agave

Biznaga

Espero haberte ayudado :)

Quote one purpose of the organization culture in a case study of MPUMI BOTTLE MANUFACTURE ​

Answers

One purpose of the organization culture in this bottling company is that it would help to create a rule for expected behavior among the employees in the organization.

What is organizational culture?

This is the collection of values, what the company expects of its employees and the guides and rules to the behavior of members of the organization.

In a company, organizational culture helps to establish the norms and the ethics in the business environment.

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Commercially reasonable means Multiple Choice observing industry standards and practices that are generally accepted throughout various industries as proper business practices. charging a fair price for goods and not taking advantage of others in the industry. getting the highest price possible for goods without violating the law. observing industry standards and practices that may be unique to the particular industry.

Answers

Answer:

observing industry standards and practices that may be unique to the particular industry.

Explanation:

Commercially reasonable activities are based on a standard of reasonableness. It gauges what a reasonable person or entity will do in a given situation.

For example a standard for operation is defined in an industry and used as a basis the determine if business practices of a company are reasonable or not.

It involves good faiths effort on the part of the actors to meet as much as possible a similar objective or activity under similar circumstances.

In this instance commercially reasonable is defined as observing industry standards and practices that may be unique to the particular industry.

The demand function for JZ bicycles in Super City has been estimated to be: Q=4,000−11P+30r Q is quantity demanded of JZ bicycles per year, P is the price of a JZ bicycle in dollars, and I is annua income in thousands of dollars. Below is dditional information concerning this Regression: Standard Error (SE) of the Intercept coefficient =700 Standard Error (SE) of the price coefficient =0.64 Standard Error (SE) of the Income coefficient =1.40, R-Square =0.64 Adjusted R-Square =0.61, F-Statistic =31.402 33) Which of the two independent variables is statistically significant (at the 5% level) in explaining bicycle sales? A) only the price is significant at 5% level. B) only income is significant at 5% level. C) both independent variables are significant at 5% level, D) both independent variables are insignificant at the 5% level

Answers

If a coefficient is statistically significant at the 5% level, it means that the p-value associated with that coefficient is less than 0.05. This indicates that the coefficient is unlikely to be zero and suggests a significant relationship between the independent variable and the dependent variable.

Comparing the given standard errors, we can see that the standard error for the price coefficient (0.64) is much smaller than the standard error for the income coefficient (1.40). Smaller standard errors indicate more precise estimates.

Since the standard error of the price coefficient is smaller, it suggests that the coefficient estimate for price is more precise and therefore more likely to be statistically significant. On the other hand, the larger standard error for the income coefficient indicates a less precise estimate, making it less likely to be statistically significant.

Based on this analysis, we can conclude that only the price variable is statistically significant at the 5% level in explaining bicycle sales. Therefore, the correct answer is A) only the price is significant at the 5% level.

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What document outlines the terms and conditions under which a tenant occupies a property, and outlines the rights and responsibilities of both parties? a. lease c. rent-to-own contract b. purchase agreement d. home equity loan

Answers

Answer:

a. lease

Explanation:

Lease is defined as a contract agreement that states the amount a lessee pays to the lessor for use of a property.

Also various conditions of use are usually stated in the lease.

For example who will handle maintenance of the property.

These terms are agreed by both parties and is binding on them.

Information like the lease amount, due date, lessor, and lessee are stated

Kennedy’s alliance of progress program provided $25 billion in aid to countries in?

Answers

President Kennedy aimed to provide economic assistance, and consolidate democracy and social justice in Latin America.

Kennedy proposed, via the corporation for international improvement and the Alliance for progress, both launched in 1961, to mortgage greater than $20 billion to Latin American nations that would sell democracy and adopt significant social reforms, specifically in making land possession possible for more numbers.

The Peace Corps, a program that despatched younger volunteers to foreign places to assist those in want, turned into probably one of the high-quality-acknowledged New Frontier programs.

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what type of government action is part of fical policy

what type of government action is part of fical policy

Answers

Answer: C. Spending government money on schools

List your personal and professional goals and create an individual career plan. Your plan should have specific milestones and achievements and should span 10 years.

can someone help me I want to go into the Navy or be a Tattoo artist and I can't think of anything for this.
30 POINTS!!

Answers

Explanation:

Setting specific, measurable career development goals can help you get to the next level in your career. While developing a career plan can entail a significant amount of work, it will pay off in helping you to understand where you want to go with your career next and what you need to do to get there.

Creating and implementing an employee career development plan allows you to feel motivated at work, even if you haven’t found your dream job just yet, because it helps you to make concrete plans to get there.

Here, we define a career development plan template and outline five steps to easily and efficiently make an individual development plan for yourself.

Which of the following would NOT cause a shift in supply? A. changes in the price of inputs B. changes in the price of other goods C. changes in consumer input D. changes in technology

Answers

Answer:

C.

Explanation:

The correct answer would be changes in consumer input.

The supply of a good can be influenced by changes in the price of inputs for that goods, changes in the price of substitute goods, as well as changes in technology that positively or negatively affect the production of such goods.

What will not affect the supply of any good is changes to consumer's input. An input generally referred to a substance that is required to produce an output. Unless the consumer of a good is also the producer of that good, a consumer's input will not impact the supply of a product.

The correct option is C.

which of the following policy recommendations by the two authors would most directly lower the risk of climate change? which of the following policy recommendations by the two authors would most directly lower the risk of climate change? an investment program that supported solar energy research regulations to mandate 25% higher energy efficiency for buildings a carbon tax that could reduce greenhouse gas emissions by 25% revenue transfers to offset high energy costs

Answers

The policy recommendations by the two authors would most directly lower the risk of climate change is carbon tax that could reduce greenhouse gas emissions by 25%. The correct option is D.

This is because a carbon tax would create a financial incentive for individuals and businesses to reduce their greenhouse gas emissions, which are the main drivers of climate change. By making carbon emissions more expensive, individuals and businesses would be encouraged to invest in cleaner energy sources, such as solar energy, and reduce their overall energy consumption through increased energy efficiency.

The revenue generated from the carbon tax could also be used to fund research and development of alternative energy sources, which could further reduce the reliance on fossil fuels. While investments in solar energy research and regulations to mandate higher energy efficiency for buildings are important steps towards mitigating climate change, a carbon tax would have the most direct impact on reducing greenhouse gas emissions and therefore lowering the risk of climate change. The correct option is D.

The question is:

Which of the following policy recommendations by the two authors would most directly lower the risk of climate change?

A. Revenue transfers to offset high energy costs

B. Regulations to mandate 25% higher energy efficiency for buildings

C. An investment program that supported solar energy research

D. A carbon tax that could reduce greenhouse gas emissions by 25%

D. A carbon tax that could reduce greenhouse gas

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A go-cart engine is fitted with a flywheel, which is 0.65 tonne and have the radius of gyration of 0.18 metres. When, analysing the turning moment diagram of an engine the fluctuation of energy was found to be 5.6 kNm at the mean speed of the engine of 12 r.p.m. Calculate the maximum and minimum speeds. Old Shark Tank Length: 20 meters Width: 4 meters Helght: 10 meters Terrence knows that each shark needs 25 cubic meters of space. The new tank will still be 10 meters in height. The length and width of the new tank will be 25% greater than the length and width of the old tank How many more sharks can the new tank hold? XYZ Technology Fund permits rights of accumulation. A shareholder has invested $9,000 and signed a letter of intent for a $15,000 investment. If his reinvested dividends during the 13 months total $720, how much money must he contribute to fulfill the letter of intent how did the causes of the french revolution differ than causes of the american revolution? How do MOST scientists think the first people arrived in North America?A.over a northern land bridgeB.over a southern land bridgeC.by boat or raft from Europe and AfricaD.through the old Panama Canal Which of the following graphs shows a pair of lines that represent the equations with a solution (2, 5)? help me.............. when Did the religion of Islam spread into Africa Identify the state that did not invade Ethiopia in the 19th C?A.egypt B.italy C.sudan D.somalia What type of renewable resource does this power station use? Examine the differences between the common ancestors original gene and the genomes of the existing species. how can these changes affect the development of the protein in the descendant species? Guys help me please guys Briefly describe hershey and chase experiment. how would the results of this experiment be different if protein were the genetic material? Sketch a graph of the exponential parent function. I do not understand what #5 is asking. What function? "Identify the like terms in the expression 10x+5+3x+1." I wasnt paying attention and so I dont know the answer help What do scientists believe are the descendants of dinosaurs?A. FishB. BirdsC. ChimpanzeesD. Rats Cobalt ions form the complex iOS Hexaaquacobalt (II) with water molecules. What is the dominant species of cobalt at each step? Is the formation of the tetrachlorocobalt (II) complex an exothermic or an endothermic process? Are there any other ways of shifting this equilibrium? The question is in the attachment.Please help out Corporate directors may be favorably biased in assessing their ownCEOand set theirCEOpay at the end of the peer group. This drives other companies to pay their CEOs because peer group norms go up. This is one explanation for the sharp in CEO pay over time. low, less, "ratchet effect", decrease low, more, "peer group effect", increase high, less, "peer group effect", decrease high, more, "ratchet effect", increase i really need help with this one