Answer: Having insufficient time and resources to complete a job.
Explanation:
Role overload simply put is a work situation where an individual working in an organization has too much work to do than the individual can handle.
Role overload can lead to not meeting up with time target set by the organization for an individual.
D. Xavier contributed $15,000 in cash plus office furniture valued at $9,000 to the FX Partnership. The journal entry to record the transaction for this newly formed partnership is _____.
1. debit Cash, $15,000; debit Office Furniture, $9,000; credit D. Xavier, Capital, $24,000
2. debit Cash, $15,000; debit Office Furniture, $9,000; credit FX Partnership, Capital, $24,000
3. debit FX Partnership, $24,000; credit D. Xavier, Capital, $24,000
4. debit D. Xavier, Capital, $24,000; credit FX Partnership, Capital, $24,000
Final answer:
The correct journal entry to record D. Xavier's contribution to the FX Partnership is to debit Cash for $15,000, debit Office Furniture for $9,000, and credit D. Xavier, Capital for $24,000, reflecting an increase in the partnership's assets and D. Xavier’s capital contribution.
Explanation:
The question asks for the correct journal entry to record D. Xavier's contribution to the FX Partnership, comprising $15,000 in cash and office furniture valued at $9,000. The correct way to record this in the partnership's journal is to account for the resources contributed (cash and office furniture) and credit the capital account of the contributing partner (D. Xavier) for the total value of the contributions. Therefore, the correct journal entry is:
Debit Cash, $15,000; debit Office Furniture, $9,000; credit D. Xavier, Capital, $24,000.This entry increases the partnership's assets (cash and office furniture) while simultaneously recognizing D. Xavier's capital contribution to the partnership. This reflects the fundamental accounting equation where assets equal liabilities plus owners' equity, in this case, the equity being D. Xavier's capital account.
Attractive market segments are generally measurable, accessible, substantial, differentiable and _________. Which description is missing?
Answer:
Actionable
Explanation:
For market segments to be attratuve and useful they are basically five criteria to ghis effect, it should be measurable, accessible, substantial, differentiable and actionable.
Actionable meaning that effective programs can be designed for serving and attracting the segments.
painting is acquired by an individual for use in his home. The painting is not of investment quality. It is later sold at a loss of $45. Which of the following statements is correct? The painting was a capital asset. The loss on the painting is not deductible. The loss on the painting is a deductible capital loss. The painting was an ordinary asset. a. and b.ting is acquired by an individual for use in his home. The painting is not of investment quality. It is later sold at a loss of $45. Which of the following statements is correct?
Answer:
The correct answer is e. a. and b.
Explanation:
Capital assets are assets of a permanent nature used in the production of income, such as machinery, buildings, equipment, land, etc. It must be distinguished from inventory.
Painting is a capital asset, but it is also a personal use activity asset sold at a loss. The loss is not deductible.
A major conclusion of the Hawthorne studies was that the best way to motivate workers was with monetary incentives such as pay raises and bonuses.
A) True
B) False
Answer:
False
Explanation:
Hawthorne is a researcher who tried to analyse and examine employee's behaviour and what motivates them to work more hard. The above statement is false because according to Hawthorne study employee's motivation is not related to incentives. Hawthorne concluded that an employee's motivation is strongly linked with their relationship with the manager and the supervisor. A healthy Employee – supervisor relationship motivates and encourage them to carry out directives.
The major conclusion of the Hawthorne studies was that monetary incentives alone were not the best way to motivate workers.
Explanation:The major conclusion of the Hawthorne studies, conducted from 1924 to 1932, was that monetary incentives (such as pay raises and bonuses) were not the most significant factor in motivating workers. The studies revealed that social and psychological factors, including group dynamics and interpersonal relationships, had a more significant impact on worker productivity and job satisfaction.
For instance, the studies found that workers responded positively to increased attention from supervisors and felt motivated when they were part of a cohesive and supportive workgroup. The findings of the Hawthorne studies led to a shift in management practices, emphasizing the importance of human relations and creating a supportive work environment to motivate employees.
In summary, the major conclusion of the Hawthorne studies was that monetary incentives alone were not the best way to motivate workers. Social and psychological factors, such as group dynamics and interpersonal relationships, played a more significant role in enhancing worker motivation and productivity.
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Suppose you manage a corner grocery store. If peanut butter is an inferior good, what do you suppose would happen to the price and quantity sold of peanut butter as incomes fell during a recession?
a. The price would increase and the quantity would decrease.
b. The price and quantity would both decrease.
c. The price and quantity would both increase.
d. The price would decrease and the quantity would increase.
Answer:
c. The price and quantity would both increase.
Explanation:
Based on the information provided within the question it can be said that during a recession when consumer income drops, the price and quantity of peanut butter would both increase. This is because an inferior good is those in which a decrease in consumer income causes and increased purchase and price of the product. Therefore since peanut butter is an inferior good this will happen.
The maximum seller-paid closing costs on a new FHA loan for a house being purchased for $200,000 is $6,000.
Answer:
False
Explanation:
For FHA loans, the seller or the buyer can pay for the closing costs. In case the seller agrees to pay the closing costs for the buyer, the total selling costs can sum up to 6% of the total purchase price.
Therefore, if the seller is paying the closing costs and the purchase price is $200,000, the maximum the seller will have to pay is $12,000 (= $200,000 x 6%).
A U.S. company has a secured committed line of credit of $5.5 million and has an available balance of $4 million. The company successfully transmitted a $5.5 million wire transfer instruction out to the bank via SWIFT. The bank contacted the company and informed it that the wire transfer would not be processed. What is the MOST LIKELY reason the bank gave the company?
Answer:
The most likely reason the bank gave the company is:
The bank imposed a guidance line of credit on the account.Explanation:
A committed line of credit is basically a facility in which the there is legal agreement between the borrower and bank (or any financial institution). According to this legal binding, the bank will lend money to the other party until unless the party is holding the agreement.In the given situation, A U.S company has a secured committed line of credit of $5.5 million and has an available balance of $4 million. The company successfully transmitted a $5.5 million wire transfer instruction out to bank via SWIFT. But the bank informed the company that the wire transaction wouldn't be processed because the reason that the bank has imposed a guidance line of credit on the account. That means the company is not fulfilling the terms as mentioned in the guidance line of credit.On January 1, Year 4, Dart, Inc., entered into an agreement to sell the assets and product line of its Jay Division, which met the criteria for classification as an operating segment. The sale was consummated on December 31, Year 4, and resulted in a gain on disposal of $400,000. The division’s operations resulted in losses before income tax of $225,000 in Year 4 and $125,000 in Year 3. For both years, Dart’s income tax rate is 30%, and the criteria for reporting a discontinued operation have been met. In a comparative statement of income for Year 4 and Year 3, under the caption discontinued operations, Dart should report a gain (loss) of:________________.
Year4 Year3
A. $(122,500) $(87,500)
B.$(122,500) $0
C. $(157,500) $(87,500)
D.$(157,500) $0
Under discontinued operations, Dart should report a net gain of $122,500 for Year 4 as a result of operational losses after tax and a gain on disposal after tax, and a net loss of $87,500 for Year 3, only accounting for operational losses after tax.
Explanation:In determining the gain or loss from discontinued operations, we need to consider the results of operations (losses before income tax) and the gain from the disposal of the division, taking into account the effect of taxes. For Year 4, Dart Inc. had a loss before taxes of $225,000 and a gain on disposal of $400,000. The income tax effect at the rate of 30% must be taken into account for both the operational loss and the gain on disposal.
Year 4 operational loss before tax: $225,000Tax effect on operational loss for Year 4 (30% of $225,000): $67,500Year 4 gain on disposal before tax: $400,000Tax effect on gain for Year 4 (30% of $400,000): $120,000Net gain for Year 4: Gain on disposal after tax ($400,000 - $120,000) minus operational loss after tax ($225,000 - $67,500) = $280,000 - $157,500 = $122,500For Year 3, the division incurred a loss before income tax of $125,000 and operation of the division did not result in any gain as the disposal occurred in Year 4.
Year 3 operational loss before tax: $125,000Tax effect on operational loss for Year 3 (30% of $125,000): $37,500Net loss for Year 3: Operational loss after tax ($125,000 - $37,500) = $87,500Therefore, under the caption discontinued operations, Dart should report a net gain of $122,500 for Year 4 and a net loss of $87,500 for Year 3. The correct answer is option B.
All of the following are defined as "institutional buyers" under the Uniform Securities Act EXCEPT:________a. banksb. insurance companiesc. investment companiesd. investment advisers
Answer:
investment advisers
Explanation:
Institutional buyers are knowledgeable and experienced investors who require less regulatory protection than regular investors. Institutional investors include sophisticated investors such as pension schemes, banks, trust funds, or any other entity composed of accredited investors.
Institutional investors will usually deal in large volumes of investments worth millions of dollars. They have enormous resources which may come from public saving such as deposits and insurance premiums. Investments advisers do not necessarily engage in a high-value part in dealings. Their primary role is to offer investment advice to unsophisticated investors.
The best defensive driving strategy in planning ahead for an evasive action on the road includes:
Answer:
A) Scan the highway far and wide.
B) Think about how slow, stop or change lanes suddenly.
Explanation:
The Smith Driving Standards can be a very useful guide for defensive driving techniques. It includes the Five Principles of Defensive Driving:
Aim high : you should be alert and focused, and your head should be held up high so that you can view the whole road. The Big Picture : try to identify angry or erratic drivers, and always be aware of your surroundings.Keep Your Eyes Moving: you must be alert and keep your eyes on the road.Leave Yourself An Out : try to anticipate what other drivers are doing so that you have a possible exit in case you need to change lanes suddenly.Ensure they see you: make sure other drivers have noticed you.The best defensive driving strategy includes avoiding high speed driving, traveling during light congestion, gradual deceleration before stops, and reducing driving by careful route planning, carpooling, and using public transportation. Being vigilant and ready to reroute is crucial. Properly maintaining your car and paying attention while driving are also important factors.
The best defensive driving strategy in planning ahead for an evasive action on the road involves several key practices. First, avoid high speed driving, which reduces the time you have to react and maneuver safely. Second, travel when congestion is light, so you have more room to perform evasive maneuvers if necessary. Third, avoid unnecessary braking by gradual deceleration before stops to prevent abrupt stops that could lead to collisions. Additionally, reduce driving by carefully planning your route to minimize travel distance, carpooling, and using public transportation when possible. Always be vigilant and prepared to reroute should obstacles arise.
Suppose that the free-trade price of a ton of steel is €500. (note: € is the symbol for the euro, a common currency used in 19 european countries, including finland.) finland, a small country, imposes a €60-per-ton specific tariff on imported steel. with the tariff, finland produces 300,000 tons of steel and consumes 600,000 tons of steel. what will happen to the finnish price of steel if finnish demand for steel increases and a 300,000-ton quota remains unchanged?
Answer:
The price of Finnish steel will increase to €560, equal to the price of imported steel. The purpose of setting an import tariff is to protect local steel producers from foreign competitors. But if the domestic demand for steel increases, the price of local products will equal the price of imported products.
Which of the following states (conditions) does not describe an advantage associated with mass-marketing?
a. A large pool of potential customers exists.b. The wants and needs of individual customers can be more directly targeted.c. Scale economies, if achieved, can generate the ability to charge low prices while still remaining profitable.d. Firms can still differentiate their brands from the competition through creative promotions.e. Scale economies (economies of scale) can potentially be obtained.
Answer:
b. The wants and needs of individual customers can be more directly targeted
Explanation:
Mass marketing by definition "is the advertising or promotion of a product, good or service to a wide variety of audiences with the expectation of appealing to as many as possible". If we analyze one by one the options we have this:
a. A large pool of potential customers exists.
Thats one of the alternatives in order to use mass marketing in order to indentify potential customers.
b. The wants and needs of individual customers can be more directly targeted.
This one is NOT a method or a way to apply the mass marketing since that's a technique to classify the info from subjects.
c. Scale economies, if achieved, can generate the ability to charge low prices while still remaining profitable.
Thats one alternative that can be applied if we use mass marketing
d. Firms can still differentiate their brands from the competition through creative promotions.
That's one alternative since we can see and create potential customers with this alternative.
e. Scale economies (economies of scale) can potentially be obtained.
For this case is one of the options in order to apply mass marketing since "Economies of scale are cost advantages reaped by companies when production becomes efficient".
The fact that the membership of segments share much in common implies the segment’s constituents are more likely to respond positively or negatively to particular marketing mixes, and to the distinct sets of values (benefits, solutions) that those marketing mixes create.
Answer:
True (T)
Explanation:
In the given statement, it can be inferred that the membership of segments have a common goals. This means that the constituents of the segments would definitely give either positive or negative comments in reference to the marketing mixes and the outcomes that are created by the marketing mixes. Therefore, the given statement is true.
1. Rank the following assets from the lowest level to the highest level of
(i) transaction costs,
(ii) risk,
(iii) liquidity.
Ties are acceptable for items that have indistinguishable rankings. at.
a. a bank deposit with a guaranteed interest rate
b. a share of a highly diversified mutual fund, which can be quickly sold
c. a share of the family business, which can be sold only if you find a buyer and all other family members agree to the sale
Answer:
Explanation:
Of transaction cost
b. a share of a highly diversified mutual fund, which can be quickly sold
c. a share of the family business, which can be sold only if you find a buyer and all other family members agree to the sale
a. a bank deposit with a guaranteed interest rate
RISK
c. a share of the family business, which can be sold only if you find a buyer and all other family members agree to the sale
b. a share of a highly diversified mutual fund, which can be quickly sold
a. a bank deposit with a guaranteed interest rate
LIQUIDITY
a. a bank deposit with a guaranteed interest rate
b. a share of a highly diversified mutual fund, which can be quickly sold
c. a share of the family business, which can be sold only if you find a buyer and all other family members agree to the sale
Each year M. Lloyd Corporation rewards the year's best-performing employee. The reward is based on the individual performance of an employee, his or her level of commitment toward the organization, and his or her crisis management skills. The company gives this reward to encourage other employees to also put in the same kind of effort in their work. In this scenario, M. Lloyd Corporation follows the _____ theory.
Final answer:
M. Lloyd Corporation's reward system that incentivizes employees based on individual performance, commitment, and crisis management skills aligns with Theory Y. This theory emphasizes giving employees responsibilities and the freedom to make decisions, which leads to increased satisfaction and productivity.
Explanation:
In the scenario where M. Lloyd Corporation rewards the year's best-performing employee based on individual performance, commitment toward the organization, and crisis management skills, the company is following Theory Y. This theory posits that when employees are given responsibilities and freedom, they perform better and produce higher quality work. Such incentives are designed to make employees feel that their rewards are proportional to their efforts, thus increasing job satisfaction and encouraging them to work harder.
Theory X and Theory Y are two contrasting theories of employee motivation. Theory X assumes that employees are naturally unmotivated and dislike work, so they need to be supervised closely and controlled through strict management and the prospect of penalties. Theory Y, on the other hand, assumes that employees are self-motivated, enjoy their work, and work to better themselves without direct coercive pressures from management. M. Lloyd Corporation's reward system aligns with Theory Y, as it encourages inner satisfaction and fulfillment from work, participation in decision-making, and provides incentives that correlate with the employees' contributions to the company.
This approach aligns with the new perspective on employee motivation, viewing employees as individual contractors who contribute to the company effectively when their compensation and recognition for work are in line with their efforts. It reflects an understanding that appropriate rewards can lead to an increase in employee productivity, satisfaction, and loyalty to the organization, which is core to the Theory Y management practice.
During January of Year 6, Doe Corp. agreed to sell the assets and product line of its Hart division. The sale was completed on January 15, Year 7, and resulted in a gain on disposal of $900,000. Hart’s operating losses were $600,000 for Year 6 and $50,000 for the period January 1 through January 15, Year 7. Disregarding income taxes and assuming that the criteria for reporting a discontinued operation are met, what amount of net gain/(loss) should be reported in Doe’s comparative Year 7 and Year 6 income statements? Year 7 Year 6
Answer:
Doe Corp. must report a $850,000 net gain during year 7, and a $600,000 net loss for year 6.
Revenue must be recognized when the earnings process is reasonably completed and Doe finished the sale of its assets on January 15, Year 7, therefore the $900,000 revenue has to be included in that year's income statement.
The principle of minimum differentiation is the tendency for competitors to make themselves _____ to appeal to the maximum number of _____.
Answer:
a. identical, b. clients or customers
Explanation:
It is a known fact that in almost every business environment there are competitors.
The principle holds that firms competitors make themselves identical by clustering in one physical location eg a market.
To appeal to the maximum number of clients, it was observed that consumers often prefer the nearest of two options when making purchases. Meaning the maximum concentration of clients would usually be where clusters of identical firms are located, because the clients fill they have more options available since the firms are not distant apart.
According to the substages of Piaget's sensorimotor stage of development, which of the following statements about the coordination of secondary circular reactions is NOT true?
Answer:
Piaget's sensorimotor stage of development.
Explanation:
Piaget's theory is of the view that children take an active role in their cognitive development. One of the six separate sub-stages of sensorimotor stage of development is the Coordination of secondary circular reactions. The Secondary circular reactions occurs usually when the child is 4-8 months old.
It is important to note that at this stage, the child starts to learn from its environment by repeating certain actions in order to see reactions from the environment.
In the coordination of secondary circular reactions, a substage of Piaget's sensorimotor stage of development, infants (between the ages of 8 and 12 months) start to exhibit intentionality in actions and understanding that their actions can lead to particular outcomes. A false statement about this substage could include claims such as infants engaging in symbolic thinking in this stage or lacking the capacity to comprehend cause and effect.
In the context of Jean Piaget's theory of cognitive development, the substage referred to as the coordination of secondary circular reactions takes place between the ages of 8 and 12 months. This is a key phase in which the infant starts to show intentionality in their actions. They begin to understand that their actions have consequences and they can use these actions strategically to achieve their desired outcomes. This might include activities such as pushing a button to get a reward, or moving one object out of the way to reach another.
Whether a statement is false about this substage would entirely depend on the context of the statements provided about the coordination of secondary circular reactions. For instance, a false statement might be that infants at this stage can engage in symbolic thinking or that they lack the ability to understand cause and effect in their environment which is opposite of what happens in coordination of secondary circular reactions.
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Ellen and Fred work on the loading dock for Grange Storage. Ellen, who has a disability, requests a transfer, which would represent an accommodation for her disability. But when an opening occurs, Grange transfers Fred on the basis of seniority. In Ellen's suit against Grange for discrimination, most likely:______
a. Ellen's disability is a sufficient basis for relief.
b. Grange's action was a reasonable accommodation.
c. Fred's seniority is a good defense.
d. Grange's action was a business necessity.
Answer:
The correct answer is c. Fred's seniority is a good defense.
Explanation:
A discrimination complaint is a signed statement saying that an employer (employer), union or employment agency has discriminated against you and asks a federal or state agency to investigate the discrimination that has occurred.
If you are an employee or person who is applying for a job and believes you have discriminated against him at work, you must file a complaint for discrimination. However, if you are an “independent contractor,” you may not be able to file a complaint for discrimination. See the fact sheet entitled: “Independent contractor or employee? What should be its classification?
Taxes will almost always cause consumer prices to increase. How much they increase depends on:
Answer:
Tax rate
Explanation:
The tax and price index is a parameter that measures the effect of tax rates on consumer prices.
Firstly, taxes inflates the cost of items through Value added tax. The cost of the item becomes more expenses and the prices increase by the rate of VAT
Secondly, income taxes reduces the purchasing power of consumers and hence commodities are indirectly more expensive because at a lower disposable income consumers can only buy lesser units of a particular product.
Lastly, the corporate income taxes are factored into the prices of goods and services produced and offered by corporate organisations and that impacts the final prices at which those goods are sold on to the final consumers.
Tore Company's records reveal the following information regarding its inventory. Beginning inventory was $100,000 at cost and 160,000 at retail. Purchases during the year were $300,000 at cost and $500,000 at retail. Markups were $10,000 and markdowns, $20,000. Assuming the conventional retail method and net sales of $500,000, ending inventory at cost would be_________.
Final answer:
The ending inventory at cost is calculated using the conventional retail method that involves finding the cost-to-retail ratio from the given data and then applying it to the estimated ending inventory at the retail price.
Explanation:
To calculate the ending inventory at cost using the conventional retail method, we first need to adjust the retail value of the goods to account for markups and markdowns. The calculation starts with the cost-to-retail ratio, which is the relationship between the cost and the retail price of the inventory. With the provided data, we can calculate the cost-to-retail ratio, and then apply it to the ending inventory at the retail price to estimate the ending inventory at cost.
Steps to Calculate Ending Inventory at Cost:
Calculate Cost-to-Retail Ratio: Add the beginning inventory at cost to the purchases at cost to find total goods available at cost. Then, add beginning inventory at retail to the purchases at retail, adjust for markups and markdowns, to find total goods available at retail. Divide the total goods at cost by the total goods at retail for the cost-to-retail ratio.
Estimate Ending Inventory at Retail: Subtract the net sales from the adjusted total goods available at retail.
Apply Cost-to-Retail Ratio: Multiply the estimated ending inventory at retail by the cost-to-retail ratio to find the ending inventory at cost.
Upon performing these calculations using the given information (beginning inventory, purchases, markups, markdowns, and net sales), the ending inventory at cost for the Tore Company can be determined.
Loretta Inc., a U.S.-based watch manufacturer, sells its products in France, China, Russia, and India. To manage sales, Loretta appoints a number of sales representatives to each location. Sales representatives report to area managers, and area managers coordinate sales in their respective areas before reporting to regional managers. Loretta has most likely adopted a ________ sales-force structure.
A) Customer
B) Product
C) Complex
D) Distributor
E) Territorial
Answer: E.
Explanation:
Territorial sales-force structure is a system where by an organization appoints sales representative to every location where they operate. Each sales rep plays the role of helping customers understand the products and services they offer. This strategy help the organization create good relationship with their customers.
Mike Hansen has adjusted gross income of $28,000. During the year, Mike decided he needed a larger home. He purchased a home on a golf course in the same town as his first home. Mike incurred $7,500 in moving expenses. How much of this can he deduct from adjusted gross income?
Answer: The whole of $7,500 moving expenses
Explanation:Mike Hansen is entitled to the deduction of $7,500 moving expenses from his adjusted gross income.
The IRS now allows employees to deduct any moving expenses incurred by them to be deducted from their adjusted gross income before taxation.
Oscarz Aviation's Web site, GoOscarzAv, informs customers about a wide variety of services offered by the firm. It also has a guestbook where customers can provide feedback on their experiences with Oscarz Aviation. They can also view videos Oscarz Aviation posts, as well as read and respond to blogs and ask questions. GoOscarzAv is an example of a(n) ________.
A) online social network
B) blog
C) kiosk
D) branded community Web site
E) digital catalog
Answer:
D)
Explanation:
Based on the information provided within the question it can be said that GoOscarzAv is an example of a branded community Web site. This is a internet site that contains the company's brand, and in which the community can connect to in order to talk about their experiences and different topics regarding the brand itself.
GoOscarzAv is an example of a branded community Web site that provides a mix of services including customer feedback, media sharing, and interactive elements catered to the brand's customers.
Explanation:Oscarz Aviation's website GoOscarzAv, which provides information about various services, customer feedback via a guestbook, video content, blogs, and a platform for questions and answers, is an example of a(n) branded community Web site.
This type of site is tailored specifically for a company's customers, creating a space where they can interact, share experiences, and engage with the brand. Unlike generic social networking sites, a branded community is focused on one brand and often integrates various elements such as media sharing, microblogging, and online forums.
In this case, GoOscarzAv offers a blend of these features to enhance customer interaction with Oscarz Aviation.
Which of the following best describes equilibrium?
A. A situation where the government intervenes to allocate resources
B. A situation where only one individual or firm takes an optimum decision
C. A situation where no economic agent would benefit by changing his or her behavior
D. A situation where economic agents do not optimize as they do not have perfect information
Answer:
C. A situation where no economic agent would benefit by changing his or her behavior
Explanation:
An economic equilibrium is when the agents are optimizing their decisions and opposing market forces are equal. This point allows the economic agents to maximize their utility and any change from this point will cause all agents to move away from potential maximum benefits.
In a natural equilibrium there is usually no government intervention so option A is false. Option B gives only one agent potential benefits and as such there is no equilibrium. Option D is conditional and may or may not happen as when the agents find missing information they would optimize again and move to an equilibrium.
Hope that helps.
Equilibrium in economics is a state where no economic agent benefits from changing behavior, market forces like supply and demand are balanced, and strategic situations may result in a Nash equilibrium.
Explanation:The term equilibrium in economics refers to a state where economic forces such as supply and demand are balanced. Specifically, the correct answer that best describes equilibrium is C: A situation where no economic agent would benefit by changing his or her behavior. In this state, markets reach a condition known as market equilibrium, where the amount of goods and services sought by buyers is equal to the amount of goods and services produced by sellers. In strategic situations, such as games between firms, this is denoted as a Nash equilibrium, where each participant is choosing the best strategy given the strategies selected by others and has no incentive to deviate from their chosen strategy.
In the market for labor, the price of labor is the:______
a. same as price of the product produced by the labor.
b. real wage.
c. marginal product of labor.
d. number of hours employed per year.
Answer:
b. real wage.
Explanation:
Labor is a factor of production. By definition, it is the physical and mental effort contributed in production of a good or provision of a service. The compensation of labor which is also known as the price, is the real wage or salary. An example a company employee who contributes his/her expertise and is being paid a salary.Other factors of production include land, capital and entrepreneurship.
a. Consider a firm that has no fixed costs and that is currently losing money. Are there any situations in which it would want to stay open for business in the short run? Yes, the firm might want to operate in the long run. No, the firm will want to shut down. Yes, the firm will operate if revenue is greater than variable costs. There is insufficient information to make this determination. b. A firm with no fixed costs should shut down. has an accounting profit. has a normal profit. is really in the long run.
Answer:
No. The firm will want to shut down.
Explanation:
The firm has no fixed costs and is losing money, on that matter, is better to shut down
In recent times, the value of "currency" as well as "checkable deposits" was about $___________ billion each.
Answer:
As of December 2019, the total amount of currency in the US economy was $1,700 billion, while total checkable deposits as of December 2019 was $2,300 billion.
Explanation:
Total M1 money supply in the US economy as of December 2019 was $4 trillion (as stated by the federal reserve)
M1 money supply includes checkable deposits, paper bills and coins (currency) and travelers' checks.
When two adjacent pieces of property are joined together, the value of the one larger parcel may be greater than the value of the two separately. Which principle of value is this?
Answer:
Assemblage with reference to the principle of value
Explanation:
Assemblage in real estate represents the combination of two or more parcels of land with goal of selliing them as one parcel. The reason for assemblage as also asked in the question is the fact that the combination of the lands tends to bring a price that is bigger than the combined price of selling the lands separately
For instance, Property A sells for $100,000 while Property B sells for $50,000. Selling these two separately brings a totla of $150,000. However, combining Properties A and B may give the impression of a really massive property that can then be sold for $200,000.
Also, a buyer may not be really interested in a piece of property but adding an other piece of property just beside the first could kindle more interest making the buyer willing to pay more for the combined property.
The Principle of Association is the principle of value that is represented when two adjacent pieces of property are joined together and the value of the one larger parcel is greater than the value of the two separately.
Explanation:The principle of value that is represented when two adjacent pieces of property are joined together and the value of the one larger parcel is greater than the value of the two separately is the Principle of Association. This principle states that when remains of the past are in close proximity to each other, they likely date to the same time period.
For example, if two smaller properties are combined to create a larger property, the overall value may increase due to factors such as increased land size, improved location, and other amenities.
This principle highlights the concept that combining properties can create value by leveraging their proximity and synergies.
GDP does not include the sale of ________ products since these are not new production..
Answer:
Used
Explanation:
GDP does not include the sale of used products because those are not new production at all. GDP can include those products and services which are produced during a specific time frame. For example, the sale of a used car cannot be added back to the Gross Domestic Product as the price or cost of that car was already in the calculation of GDP.