Rockefeller monopolized the U.S. oil industry by using horizontal integration. He merged with other oil companies, underpriced his product, and paid his employees low wages. This allowed him to control almost all oil refining businesses in the country.
Explanation:John D. Rockefeller monopolized the U.S. oil industry by utilizing horizontal integration. Horizontal integration refers to the merging of companies that operate in the same industry, allowing for greater control and dominance in the market. Rockefeller would merge with other oil companies or drive them out of the market by underpricing his product and paying employees cheaply. By using this strategy, Rockefeller created trusts, which are larger companies that control smaller ones, and eventually controlled almost all oil refining businesses in the country.
Rockefeller's horizontal integration allowed him to increase his market share and drive competition out of the industry. By merging with other oil companies, he was able to expand his control and dominate the market. He also underpriced his product and paid his employees low wages, giving him a competitive advantage. As a result, Rockefeller's Standard Oil Company controlled nearly 95 percent of the oil refining businesses in the United States by 1879.
In addition to horizontal integration, Rockefeller also employed vertical integration, where a company handles all aspects of a product's lifecycle. He acquired and invested in companies involved in everything from barrel-making to pipelines, tanker cars to railroads, allowing for further control over the oil industry. Through his ruthless tactics and strategic use of horizontal and vertical integration, Rockefeller was able to establish a monopoly in the U.S. oil industry.
in the context of social factors that affect marketing, with component lifestyles, people are:
Component lifestyles refer to the different ways people lead their lives, influenced by social factors like gender, economic status, and ethnicity. These not only affect personal health and preferences but also have implications for marketing strategies, as consumer behavior is shaped by these varied lifestyles.
Explanation:In the context of social factors that affect marketing, component lifestyles refer to the diverse ways in which individuals lead their lives, including their behaviors, patterns, and consumption habits, which are directly influenced by various social factors such as gender, economic status, and ethnicity. These factors shape the choices people make, affecting health outcomes and lifestyle preferences that are consistent with the biological health needs of the human species such as clean air and water, a healthy diet, plenty of physical exercise, and the experience of conviviality. Marketers must understand that these component lifestyles are dynamic and shaped by both personal decisions and societal influences.
For instance, the birth of suburbia in postwar America is an example of how social changes can drive new living patterns and, consequently, new markets and marketing strategies. The consumption of food is greatly influenced by cultural practices and sociological perspectives. This can result in social movements or economic debates, which can also become relevant topics for marketers to consider.
Understanding social dynamics is essential in making career and life decisions. Career paths are not chosen in isolation; they are influenced by external factors like culture, history, values, current business trends, and the labor market. It is crucial for professionals to stay informed about these trends in order to position themselves successfully in a changing world.
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Carlita began 2014 with an interest payable account balance of $13,000. during 2014, it paid $5,000 in interest to its lenders. on december 31, 2014, what is its interest payable account balance?
Answer:
Its interest payable account will be $18,000 at the end of 2014.
Further details:
According to the statement of question, Carlita began 2014 with an interest payable account balance of $13,000 and during 2014 its lenders paid more $5,000.
So by adding these two amounts we get $18,000. It implies that at the end of 2014, Carlita’s interest payable account is $18,000.
Related terms:
Accounts payable:
Accounts payable (AP) is an accounting entry that signifies a company's responsibility to pay off a short-term debt to its creditors or dealers. It seems on the balance sheet under the current accountabilities.
Interest payable:
Interest payable is the measure of interest on its dept and capital rents that an organization owes to its moneylenders and rent suppliers as of the asset report date. This sum can be an essential piece of a fiscal summary examination, if the measure of intrigue payable is more noteworthy than the ordinary sum - it demonstrates that a business is defaulting on its obligation commitments. Interest payable can incorporate both charged and accumulated interest, however (on the off chance that material) collected interest may show up in a different "gathered interest obligation" account on the monetary record. On account of capital rents, an organization may need to derive the measure of interest payable, in view of a deconstruction of the hidden capital rent. interest is viewed as payable independent of the status of the hidden obligation as momentary obligation or long haul obligation. Momentary dept is payable inside one year, and long haul dept is payable in over one year.
Subject: Business
Level: High school
Keywords:
• Account payable
• Interest payable
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The aicpa's statements on auditing standards can be described as
A __________ is an example of an external user of financial information.
Terry washington recently started a new firm in the financial services industry. prior to starting his firm, he spent considerable time doing research on the potential of the industry. the research that terry was doing is called ________ analysis. sector commercial industry target market business
Is phoenix forgotten based on a true story and how does it end?
The movie 'Phoenix Forgotten' is a fictional found footage horror film that is not based on a true story. The story follows three student filmmakers who investigate a mysterious disappearance in Phoenix, Arizona in 1997. The movie ends with the discovery of an underground tunnel system and a suspenseful encounter with an alien being.
Explanation:The movie 'Phoenix Forgotten' is not based on a true story. It is a fictional found footage horror film that follows the story of three student filmmakers who investigate the mysterious disappearance of the people of Phoenix, Arizona in 1997.
The movie ends with the discovery of a hidden underground tunnel system where the three filmmakers encounter an alien being. The fate of the characters is left ambiguous, with the implication that they did not survive the encounter.
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At january 31, 2015, the balance in aislers inc.’s supplies account was $750. during february, aislers purchased supplies of $900 and used supplies of $1,125. at the end of february, the balance in the supplies account should be
The training will help me to better identify work hazards and know how to prevent them at my work site. A. Agree B. Disagree C. Neutral D. Not Applicable E. Strongly agree F. Strongly Disagree Suspend Assessment
The answer is: e. Strongly agree
In employment application, answering 'strongly agree' to this question would indicates that you are a cautious person who are willing to follow the rules that implemented by your employers. The potential employers would see this as a positive value and believe that you are a person that can be easily directed to solve problems for them.
Safety training is crucial for identifying and preventing workplace hazards. Thus, E. Agreeing with the statement affirms the importance of such training.
Safety training is designed to protect employees from work-related injuries by teaching them to recognize and mitigate hazards, use protective gear, and follow safety protocols.
The training program includes vital information on safety procedures, emergency responses, and managing hazardous materials.For example, by learning about OSHA standards and practices, employees can prevent accidents and ensure a safer work environment. Therefore, selecting either 'A. Agree' or 'E. Strongly agree' would typically be appropriate, assuming the training is comprehensive and well-conducted.The wh approach provides future business managers with _____.
How does workplace discrimination undermine organizational effectiveness? e?
Workplace discrimination undermines organizational effectiveness by leading to misconceptions about productivity, creating a hostile work environment, and limiting diversity and innovation.
Explanation:Workplace discrimination undermines organizational effectiveness in multiple ways. First, discriminatory attitudes can lead employers to mistakenly believe that the productivity of marginalized groups, such as women, is lower than it actually is. This incorrect perception can result in missed opportunities for talent and hinder overall performance. Second, even if employers themselves are not discriminatory, the presence of discriminatory coworkers can create a hostile work environment, reducing productivity and causing talented employees to leave. Finally, workplace discrimination perpetuates inequalities and limits diversity, which can hinder innovation and problem-solving within an organization.
The management of prime manufacturing is implementing a plan to minimize production mistakes by allowing teams that work in each area of the production facility to develop a plan and then monitor their area to ensure the reduction of errors. the managers are engaging in
The managers are engaging in quality control to lessen the error of the result of the operation in the company. Quality control is maintaining the standards of company products by testing the products. It is also the way of ensuring the quality of products or services they rendered.
Answer:
Quality control
Explanation:
In order to minimize production mistakes, the manages are engaging in quality control. Quality control will ensure that quality of prime manufactured products meet with the specifications and requirements of their customers. It would also ensure that resources are not being wasted in the production processes rather are being used for improved quality products.
Which type of homework requires the student to combine different skills to complete the assignment?
The answer is: Complete a U.S history
In order to complete a U.S history, you need to excel at comprehensive readings to find information regarding various events. On top of that, you need your analytic skills to find connections between events throughout history and your emotional skills to find out why a certain historical figure decided to do a certain action.
The replacement of a worn or failed implant is known as
Arthroplasty is the medical term for the replacement of a worn or failed implant, which includes invasive procedures like hip arthroplasty to alleviate chronic pain and improve mobility.
Explanation:The procedure known as arthroplasty refers to the replacement of a worn or failed implant. Joint replacement surgeries like hip arthroplasty are considered highly invasive, thus they are commonly the last line of treatment after other methods fail to provide relief. The operation not only addresses chronic pain but can significantly enhance the patient's mobility within months of recovery.
In hip arthroplasty, for example, the procedure involves removing the damaged parts of the hip joint and replacing them with a prosthesis. The prosthetic components typically include a rounded ball attached to a shaft for the femur and a corresponding socket for the pelvis's acetabulum. These parts are usually prepared prior to the surgery and may be custom-fitted to ensure optimal compatibility with the patient's anatomy.
Explain why the law of demand can apply only in a free market economy.
Tracy is a woman who rejects the goals defined by society to achieve a big house and lots of money, but she still follows the means and abides by the rules. merton would classify tracy as a(n)
The receptionist at the information desk of a hospital represents the ______ to the service operation system.
The hospital receptionist is the frontline interface to the service operation system, essential in guiding patients and managing information. The receptionist's role includes collecting vital details and aiding in the administrative process in an emergency room setting. When discussing such scenarios, clarity on whether the situation is hypothetical or witnessed is imperative for maintaining integrity.
The receptionist at the information desk of a hospital represents the frontline interface to the service operation system. This individual is essential in managing first impressions and is crucial in providing directional and administrative support to patients and visitors. In a hospital emergency room scenario, the receptionist's role expands to collecting vital personal details, insurance information, and initiating the care process for patients.
Hospital receptionists are also known for their ability to span boundaries within different parts of the organization. They often possess significant information power, similar to the switchboard operators depicted in the show Mad Men. With the introduction of new information systems, the goal of having a 'more professional information use' in hospitals is to tailor the information supplied to managers, ensuring more informed decision-making tailored to specific management roles.
In relation to discussing an emergency room scenario, whether it is hypothetical or witnessed, the writer has a duty to clarify. If it's a personal account, stating it was witnessed adds credibility. If it is hypothetical, this should be stated to maintain the integrity of the scenario being described. Alternatives could be citing statistics, using a fictional but realistic scenario, or quoting experiences from real patients without disclosing personal information.
Part g - interpreting the data what conclusion would you draw from the data presented?
In your opinion, what would be the consequences if the memory manager and the processor manager stopped communicating with each other?
The consequence if a memory manager and a processor manager stopped communicating would lead to a negative outcome as they need to communicate in order for the process managaer to process the information that is being delivered in and out and for the memory manager to store each of that information that could be later use in the future and for privacy purposes. If they weren’t able to communicate, the process would be disrupted, causing negative outcomes such as having information to be leaked and to have no organization at all.
If the memory manager and the processor manager stopped communicating, it would cause severe system instability, leading to crashes and inefficient processing.
The memory manager is responsible for allocating and deallocating memory spaces.
The processor manager manages the CPU's tasks and schedules processes efficiently.
If there is no communication between these two components, the CPU may attempt to access memory that is not available, resulting in data corruption.
Furthermore, without proper memory allocation, the system might run out of memory or face memory leaks, leading to instability.
This would significantly slow down processing times and reduce the system’s overall performance efficiency.
In severe cases, the system could consistently crash or become unresponsive, requiring frequent reboots or even hardware intervention.
Most modern furniture designs are based on the concept that A. comfort is more important than shape or function. B. beauty and color combinations should be of prime consideration. C. the form of an object should develop out of the function it performs. D. designs of the past should be incorporated into modern furniture.
Answer the poll question: what is your position on us involvement in world affairs? should the us intervene where it sees a need, or "mind its own business", and work through international organizations?
Answer:
The US should take a very limited role in involving itself in world affairs. It's choice to engage militarily or economically in order to shape the policy of other sovereign nations should be guided by the consensus of the world community, the wishes of the applicable country, and by the guarantee of excellence in all its dealings should it choose to engage.
What key factor kept the copernican theory from being widely accepted at first?
The market for smartphones has become very competitive. the increase in competition in this market is an example of how the market responds to
_____ is a manager who helps directs the activities of a whole channel and tries to avoid or solve channel conflicts.
What is the concept the people may decide what and when they want to buy and sell called?
Would you prefer a fully taxable investment earning 8.1 percent or a tax-exempt investment earning 6.1 percent? (assume a 28 percent tax rate) why?
The tax-exempt investment with a 6.1 percent return would be preferable in this scenario due to its higher after-tax return compared to the fully taxable investment with an 8.1 percent return.
Explanation:To determine whether a fully taxable investment earning 8.1 percent or a tax-exempt investment earning 6.1 percent is preferable, we need to consider the after-tax returns of both investments. For the fully taxable investment, the after-tax return can be calculated by multiplying the pre-tax return by (1 - tax rate). In this case, the after-tax return would be 8.1% * (1 - 0.28) = 5.832%. On the other hand, the tax-exempt investment has an after-tax return of 6.1 percent. Since the tax-exempt investment has a higher after-tax return, it would be preferable in this scenario.
Mr. Albanese turns to spending hundreds of millions of dollars for water management systems. These systems are to address more intense rains. Which component of triple bottom line is he primarily addressing now?
If the general objective of our tax system is to raise revenue, why does the income tax allow deductions for charitable contributions and retirement plan contributions?
__________ refers to the economic value of the combined knowledge, experience, skills, and capabilities of employees.
Information you may find on your paycheck stub may include____.
Which is one of the earliest computer crimes to have been committed?