PRODUCT POSSIBILITIES QUESTION 20 point
a company produces two products, x and y. All of the points represent possible product output EXCEPT
a. point a
b. point b
c. point c
d. point d
What is it about engineering that is common to all disciplines of engineering? that is, what makes an engineer an engineer regardless of the work one does?
Given that the interest rate is 10%, the factor for the future value of annuity due of 1 for n = 5, i = 10% is equal to:
Tutors for students (tfi) is an organization with the purpose of offering free tutoring to older students. tfi does not expect to earn any money through its operations. therefore, tfi is an example of a ____ organization.
Tee gave an informative speech on the poor quality of potable drinking water available locally. he brought in a test kit and presented the statistics that proved the local water was unsafe for drinking. he advised his class to purchase a certain type of water filter- pitcher guaranteed to remove the impurities. at the end of his speech, he mentioned that he worked for the company that made the pitcher and had them for sale. what was tee's mistake?
I believe the correct answer to this question is:
“Tee violated the ethical guideline of having a responsible goal for a speech”
An informative speech should not be mixed with personal interests. In this case, Tee was like already advertising the product of their company which is not ethical.
Customers who want to sue businesses for damaged goods or poor services often choose small claims court.
a. True
b. False
If a company purchases plastic that they will melt and form into milk jugs that they will then sell to milk plants, the cost of the plastic will be categorized as what type of expense?
When considering the impact of individual consumption levels on a country's economic health, which segment of the population is the most important contributor?
A
The lower class, because there are so many of them
B
The upper class, because they consume higher-priced goods.
C
The upper class, because they pay the most taxes
D
The middle class, because they consume the most
E
All classes contribute equally to a country's economic health
The amount of a product that people are willing and able to purchase at a specific price is referred to as the:
The quantity of a product that people would like to buy at a given price is called Demand.
How is demand denoted?Demand is the quantity of a good that people in the market would like to buy at a certain price.
A demand curve would therefore be drawn based on the quantity of goods in the market, and the prices those goods are offered at. Lower prices will see higher quantity demand.
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Rade and talion are competitors in the business of manufacturing wrist watches. while rade promises to deliver design and quality to its customers, talion promises to deliver durability and cost effectiveness. when both these companies deliver their respective promised qualities, they are delivering ________.
business-to-business marketers will sometimes promote their goods directly to consumers. this is because business demand is __________.
Shot putting and swimming are examples of what kind of competitive activity?
Which generational age group is now forming brand relationships and represent tomorrow's markets?
George owns an international grocery store in new jersey, the global food bazaar. he has benefited highly from the trading bloc that allows him to purchase food products from central american nations at a nice discount. with many of his customers from costa rica, the dominican republic and guatemala, he is particularly grateful for ______, a trading bloc.
True or false: the market for digital cable does not exhibit the two primary characteristics that define perfectly competitive markets.
Final answer:
The digital cable market does not display the characteristics of a perfectly competitive market; instead, it is a form of monopolistic competition, which lacks productive and allocative efficiency.
Explanation:
True, the market for digital cable does not exhibit the two primary characteristics that define perfectly competitive markets, which are a large number of small firms and identical products. Instead, the digital cable market, much like others, lies somewhere between the two extremes of perfect competition and monopoly. In monopolistic competition, firms have some control over their pricing due to product differentiation, which does not occur in perfect competition.
This lack of perfect competition leads to a situation where the digital cable market does not show productive or allocative efficiency either in the short run, where firms might make profits or losses or in the long run, where firms tend to earn zero economic profits. The market structure thus operates under different rules compared to a perfectly competitive market or a monopoly. Market forces like supply and demand do not necessarily operate in the same fashion as they would in perfectly competitive markets.
Taylor has four times more money then edrick. when taylor gave $3.00 to edrick, they had equal amounts of money. how much money did taylor and edrick have?
________ marketing is the marketing of goods and services from one organization to another.
Boris currently works as a political consultant, earning $100,000 a year. he has three job offers with the salaries of $110,000, $105,000, and $95,000. if boris accepts the best offer and quits his current job, his opportunity cost will be
The us of independent channel members in a channel of distribution allows manufacturers to ____
What is the purpose of the rm step, develop controls and make risk decisions?
In february, paula, the manager of a landscaping company, is looking at the upcoming need for more workers to handle the increased customers in spring and summer. which of the four key management processes is she using?
What is the purpose of a letter-writing campaign conducted by a group of consumers?
To be able to get a company to voluntarily change its business practices a group of consumer should conduct a letter writing campaign. Through this advocacy tool, the citizens will have an easy way to voice opinions about certain issues.
2. Which of the following is not one of the ways companies can achieve efficiency?
Efficiency in companies can be achieved through streamlining processes, utilizing technology, and effective resource allocation. Outsourcing is not directly related to achieving operational efficiency.
Explanation:Efficiency is a key goal for companies to maximize their productivity and reduce wastage. Three common ways that companies can achieve efficiency are:
Streamlining processes: This involves eliminating unnecessary steps or redundancies in workflows to improve overall efficiency. For example, automating manual tasks or implementing digital tools.Utilizing technology: Companies can leverage technology solutions such as software applications or data analytics to optimize operations and make informed decisions.Effective resource allocation: Proper allocation of resources like time, money, and manpower is crucial for efficient operations. This can involve prioritizing important tasks, managing budgets, and optimizing workforce scheduling.Outsourcing is not one of the ways companies can achieve efficiency. Although outsourcing certain functions can help companies focus on core activities, it is not directly related to achieving operational efficiency.
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Final answer:
Companies can achieve efficiency through optimizing production, staff training, and investing in technology. Increasing product prices is not a method for efficiency in a perfectly competitive market, as it does not reduce costs or increase productivity.
Explanation:
Companies have numerous strategies for achieving efficiency, which involves maximizing output while minimizing costs. One common method is optimizing production processes to reduce waste and increase speed.
Another way is through staff training, which ensures employees are skilled and knowledgeable, leading to better performance and fewer mistakes. Investing in technology can also streamline operations and automate repetitive tasks, allowing human workers to focus on more complex issues that require creativity and problem-solving.
However, simply increasing the price of products is not a method to achieve efficiency. In a perfectly competitive market, a firm that tries to increase its prices above the market rate would lose customers to competitors offering similar products at the standard rate, thus not contributing to efficiency but rather decreasing the firm's competitiveness.
Anomaly-based intrusion detection systems compare current activity with stored profiles of normal (expected) activity.
Anomaly-based IDS pg. 250 is an intrusion detection system that compares current activity with stored profiles of normal (expected) activity. While an intrusion detection system that uses pattern matching and stateful matching to compare current traffic with activity patterns (signature) of known network intruders is Pattern-(signature) based IDS pg. 250.
evan, a manager, strongly believes in the concept of power sharing. therefore, evan is most likely to _____.
Final answer:
Evan is likely to create an empowered environment by sharing power and responsibilities among team members, supporting a decentralized decision-making process that allows for more accurate outcomes.
Explanation:
Evan, a manager who strongly believes in the concept of power sharing, is most likely to instill a climate of empowerment within his team. This approach to leadership includes a belief in the ability of employees to make the most accurate decisions when they are equipped with the relevant facts and resources. Rather than taking over, Evan would divvy up responsibilities among group members, ensuring that decision-making power is distributed and not concentrated in the hands of a few. This type of empowerment supports team members in moving toward the success and completion of their tasks by tapping into various types of power. By doing so, Evan endorses the idea that a decentralized approach to decision-making and leadership can be more effective.
It is logical to conclude that water can dissolve lemonade powder because the mix is
Answer:
It is logical to conclude that water can dissolve lemonade powder because the mix is polar.
Explanation:
Water is known as a universal solvent, but it can only completely dissolve polar substances. This is because water is able to form covalent bonds with the molecules of a polar substance, this allows a solubility to be established, where water is able to completely dissolve the substance. With that, it is logical to conclude that water can dissolve the lemonade powder because the mixture is polar.
When customers don't know what they want or don't even know what's possible, the most effective marketing strategy is ________ marketing?
The alignment of _______ is a continuous process of adjusting business goals and the information systems infrastructure to achieve business objectives.
The burial of porky logan is considered the turning point of randy’s character, if not the novel as a whole. why might this be the case?
Which of the following do consumers usually want to see rise with inflation?
A. Income
B. Interest rates
C. Money supply
D. Taxes
Answer:
The correct answer is option A.
Explanation:
Inflation refers to a sustained increase in the general price level. When the price level increases, the purchasing power of the consumer decreases. They need more money to purchase the same amount of goods.
The real value of their cash balances decline. If the income of the consumer increases at the same rate as inflation their purchasing power will stay the same. So the consumers usually want their income to increase with inflation.