Answer:
c. least total cost.
Explanation:
Logistics management signifies a supply chain management element that is practiced to satisfy client requirements throughout the planning, command, and implementation concerning the efficient movement including storage of relevant information, assets, and assistance from start to end. The current logistics management access is supported through the least total cost performance measurement ideas, so here the option C that is the least total cost is a reliable option among all of the options presented.
The current logistics management approach is supported by the performance measurement concept of: a. metrics.
Metrics in logistics management refer to the various measurements and indicators used to assess and evaluate the performance of the logistics and supply chain processes.
These metrics can include key performance indicators (KPIs) that help organizations track and improve aspects such as efficiency, cost-effectiveness, and overall effectiveness in managing the flow of goods and services.
Actions that effective strategic leaders can take to develop an ethical organizational culture include all of the following EXCEPT: a. relying on the fundamental goodness of individuals. b. using reward systems that recognize acts of courage. c. creating a work environment where individuals are treated with dignity. d. communicating goals that describe the firm's ethical standards.
Answer: a. relying on the fundamental goodness of individuals.
Explanation:
All the options listed above except "option a" are actions that effective strategic leaders take to develop an ethical organizational culture.
Ethical organizational culture are standard that guides how workers behave in an organization.
Option b, using reward systems that recognize acts of courage will not only encourage such a worker alone but the entire workforce, humans love to be appreciated and recognised when they are outstanding, this will create competition among all the worker as every one will love to stand out.
"Option C" creating a work environment where individuals are treated with dignity is another very good strategy. Every employer must see and treat their worker as an asset, this will increase their commitment and efficiency to the organization. They must be seen as important in the organization.
d. communicating goals that describe the firm's ethical standard is also very important because it will help every one to run with the goal and play their role in making sure those goals are achieved.
An employer is obligated to verify the _____ of employees who are hired to work
Answer:
identity
Explanation:
It is very important that an employer verifies the identiy of an employee hired to work to ensure that the employee is who s/he says he is. This is to help the employer avoid unpleasant future or immediate occurences from such an employee.
Cheers
Your text discusses several challenges facing managers today. As Cook continues to grow Apple, he is likely to encounter which of those challenges?
Answer:
Global crisis management
Explanation:
Cook will need to consider global crisis management as one of the main challenges he will face while growing apple. The main reason why he needs to consider crisis management is due to the fact that undesirable occurrences might happen and it is better to prepare for an expected event before it happens. This will ensure effective and efficient operation.
Fretonia and Libstien are the same except Fretonia has a larger capital stock. Both countries undertake policies that raise their saving rates to the same higher level. We would expect that:
a. both countries would have permanent increases in their growth rates, but the increase would initially be larger in Fretonia.
b. both countries would have permanent increases in their growth rates, but the increase would initially be smaller in Fretonia.
c. both countries would have temporary increases in their growth rates, but the increase would be larger in Fretonia.
d. both countries would have temporary increases in their growth rates, but the increase would be smaller in Fretonia.
Answer:
Correct option is (d)
Explanation:
Savings and growth are directly proportional. Higher the savings, higher will be the growth in the economy. However, growth experienced by poor country is more than that experienced by rich country.
Here, Fretonia has larger capital stock indicating higher growth as compared to Libstien. So when savings rate is increased in both the countries, Libstien will experience higher growth as compared to Fretonia. Growth would be temporary though as it will not have a long term impact.
Final answer:
Both Fretonia and Libstien would experience temporary increases in growth rates after raising their saving rates. However, due to Fretonia's larger initial capital stock, its growth rate increase would initially be smaller compared to Libstien's.
Explanation:
The question refers to two hypothetical countries, Fretonia and Libstien, which have identical macroeconomic structures except for the size of their capital stocks. When these countries increase their saving rates, the capital stock in each country will begin to grow. According to the principles of neoclassical economics and the Solow-Swan model, the growth rate of a country with a smaller initial capital stock is temporarily boosted as investments yield higher returns due to the higher marginal product of capital. Eventually, both countries will converge to a similar balanced-growth path, and the growth rates will normalize.
Therefore, reaching a higher growth path in Fretonia would typically initially yield a smaller increase because its large capital stock provides a lower marginal product of capital compared to Libstien with a smaller capital stock. As more capital accumulates, the growth rates in both countries will taper off, reflecting the diminishing returns to capital. Hence, the answer to the student's question is that both countries would have temporary increases in their growth rates, but the increase would be smaller in Fretonia.
Marc purchased 100 shares of LXM stock for $25 per share and sold this same stock two years later for $28 per share. He paid commissions of $50 when he purchased the stock and $55 when he sold the stock. No dividends were paid during the period he owned LXM. Marc's current income from this investment is ____, and his capital gains were ____.
Answer:
Marc's current income from this investment is $0, and his capital gains were $195.
Explanation:
Marc's basis for this investment = (100 shares x $25 per share) + $50 = $2,500 + $50 = $2,550
Two years later when Marc sold his investment, he received = (100 shares x $28 per share) - $55 = $2,800 - $55 = $2,745
Marc's capital gain = $2,745 - $2,550 = $195
Marc's current income from this transaction = $0, this transaction is not considered current income.
Answer:
Marc's current income from this investment is _$0_, and his capital gains were _$195_.
Explanation:
Marc's basis = (100 shares x $25/share) + $50 = $2,500 + $50 = $2,550
His proceed = (100 shares x $28 per share) - $55 = $2,800 - $55 = $2,745
Marc's capital gain(loss) = $2,745 - $2,550 = $195
Marc's current income from this transaction = $0
Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns on its labor costs due to which of the following?
a. lower turnover and higher levels of productivity
b. higher turnover and higher levels of employee productivity
c. promotion-from-within policies and better benefits
d. a larger part-time workforce
Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns on its labor costs due to lower turnover and higher levels of productivity
Option A
Explanation:
While Costco costs its workers slightly more than its closest competitor, Sam's Club, Costco pays higher prices in order to recruit more professionals and to provide better customer service due to lower turnover and a similar financial return.
Direct costs involve wages for staff making a product and employees on the production line, while indirect costs apply to assistance, such as employees repairing factory equipment.
When labor costs are wrongly distributed or measured, the price of goods or services may be changed from their actual costs and profits from losses.
Unlike the overview module in Hootsuite Analytics, which offers one set of aggregated analytics data, ___________________ allows you to run an unlimited number of customizable and shareable real-time analytics reports, dialed precisely to the diverse reporting needs of your organization.
A. the Reports feature
B. the Metrics module
C. the Social Data feature
D. the Insights feature
E. the Analytics module
Answer: The correct answer is "A. the Reports feature".
Explanation: Unlike the overview module in Hootsuite Analytics, which offers one set of aggregated analytics data, the reports feature allows you to run an unlimited number of customizable and shareable real-time analytics reports, dialed precisely to the diverse reporting needs of your organization.
The Reports feature in Hootsuite Analytics allows you to run unlimited customizable and shareable real-time analytics reports, offering more flexibility and adaptability than the standard overview module.
Explanation:Unlike the overview module in Hootsuite Analytics, which only offers one set of aggregated analytics data, option A. The Reports feature allows you to run an unlimited number of customizable and shareable real-time analytics reports. This feature is dialed precisely to cater to the diverse reporting needs of your organization. It is more adaptive and flexible than the standard overview module in Hootsuite Analytics. With the reports feature, you can create specific reports that are tailored to your needs, allowing you to track a wide range of important performance metrics and obtain more detailed insights.
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Sunshine Property is a REIT that owns and operates 39 strip malls. Sunshine Property has 420 shareholders and is managed by a seven-member board of directors. Who, if anyone, are the beneficiaries in this arrangement?
Answer:
the 420 shareholders
Explanation:
A Real Estate Investment Trust (REIT) is similar to a corporation and it trades its securities on a stock market in a similar way that other stocks are traded. They generally invest in real estate or mortgages and mortgage backed securities. So the beneficiaries of a REIT are the people that invested on them by buying their stocks (shareholders).
In Sunshine Property, a REIT, the 420 shareholders are the beneficiaries as they receive income in the form of dividends. The seven-member board of directors manages the trust in the shareholders' best interests.
Explanation:In the context of a Real Estate Investment Trust (REIT) such as Sunshine Property, which owns and operates 39 strip malls, the beneficiaries are typically the shareholders.
In this instance, with 420 shareholders, they are the ones who benefit financially from the income generated through rental payments from tenants of the strip malls. These shareholders receive dividends proportionate to their ownership in the REIT.
The board of directors, consisting of seven members in this case, is responsible for making high-level decisions and ensuring the REIT is managed in the best interests of the shareholders.
The Retreat (Scenario)
The first-line managers of ELH Inc. were sent on a retreat to Silver Falls for their inaugural strategic planning meeting. Few people knew each other, but their task was clear: design a new performance appraisal system for subordinates that would be effective and usable.
The first day little was accomplished except for the jockeying to see who would be the official leader. Finally, Jim seemed to wrangle control and helped provide the first real direction for the group.
By the second day, the group seemed to begin working well. They spent the morning determining group standards with respect to how they would make decisions within the group and how to manage the idea-generation process.
On the third and fourth days, the managers got down to work and moved amazingly quickly, with ideas flowing freely. By the end of the fourth day, they had a workable system developed, and they felt satisfied. That night they all signed off on a new document to be presented to the regional manager the next day. They all felt a twinge of regret at having to break up the group and return to normal work life.
When the management team left Silver Falls to return to their own teams and departments, they had just completed the ________ stage of group development.
a. performing
b. storming
c. forming
d. adjourning
Answer:
d. adjourning
Explanation:
A group's disbanding is called the adjourning phase. The adjournment stage, created by Bruce Tuckman in 1977, is the fifth and final phase of group creation that takes place whenever a team concludes its work and then dissolves.
At around this point, it is crucial that team members get sufficient resolution and appreciation for the work they've done.
Remember that not all groups are going through a period of adjournment. If the team remains together for future projects, the adjournment stage of group growth would not go through.
The provisions of the Securities Act of 1933 include all of the following EXCEPT:
A) requirement that an issuer provide full and fair disclosure about an offering.
B) regulation of the secondary market.
C) regulation of offerings of new securities.
D) prohibition of fraud in the sale of new securities.
Answer: B) regulation of the secondary market.
Explanation: The Security Acts of 1993 helps to control new issues that arises as a result of corporate securities being sold to the public, the act was also aimed at preventing fraudulent acts in the sales of newly issues securities.
It is under the Security Exchange Act of 1993 that trading and secondary markets are regulated.
The BASF Chemical Company in Germany has developed a new rubberized coating. The product has an application for cell phones and other hand-held electronic devices that gives them protection from falls and scratches. BASF plans to market the product directly to businesses that manufacture the casings for these types of products. BASF currently uses a system of salespeople headquartered in Germany, while its primary business customers are in China.
Refer to Scenario 19.2. If BASF were to employ pricing that includes the price at the factory plus freight charges from a chosen point nearest the buyer, this would be an example of ____ pricing.
Answer: Base point pricing
Explanation: In simple words, Base point pricing is the method of companies fixing their products prices on the basis of a base cost plus production costs to a particular market.
While some find this a form of collaboration between the selling companies (it reduces the ability of purchasing firms to eliminate competition through position or private transport), it is standard practice in the steel and automotive sectors.
Hence from the above we can conclude that the given case depicts base point pricing.
Employers who implement effective health and safety programs should expect all these results except ____________.
Employers who implement effective health and safety programs should expect all these results except Decreased, though slight, productivity
Explanation:
The preceding four main components will be an effective employee safety and health programme:
human resources commitment and
employee engagement,
work-site analysis, risk prevention and
treatment and training for safety and health.
Prevent injuries and diseases in the workplace. Improve law and regulation compliance. Reduce costs, with significant cuts in wage rates for employees.
Three sections usually account for a health and safety policy: the Declaration of Intent, portion of the Company and the Arrangements. The General Declaration of Purpose describes the importance of health and safety for the company and the desired commitment.
A non-bulk package containing a hazardous substance that meets or exceeds the reportable quantity per pack must be marked with the letters __________ on the package in association with the proper shipping name.
RQ
Answer:
RQ stands of Reportable Quantity.
Manning Corporation uses the periodic inventory system. On April 1, Manning Corporation sells merchandise on account for $15,000 with terms 1/15, n/30. Manning Corporation had paid $6,000 to acquire the merchandise. The buyer is not satisfied with some of the merchandise and on April 7 returns merchandise with an invoice price of $1,000 to Manning Corporation. The merchandise returned to Manning Corporation had cost Manning Corporation $600. On April 10, the buyer pays for the merchandise it retains. How would Manning Corporation record the buyer’s return of merchandise on April 7?
Answer:
The entry on April 7 is:
Dr Sales returns and allowances $1,000
Cr Accounts receivable $1,000
Explanation:
Under periodic inventory system, returns made by the customer should be recognized and closed to sales returns and allowances account. Thus, Manning Corporation should debit sales returns and allowances and credit account receivable in the amount of $1,000. Sales returns and allowances is a contra account of Sales. In effect, this will decrease sales made by the period.
Which of the following is an example of the benchmarking function of the budgeting process? A budget demands integrated input from different business units and functions.
Budgeting requires close cooperation between accountants and operational personnel.
Budget figures are used to evaluate the performance of managers.
The budget outlines a specific course of action for the coming period.
Answer:
The benchmarking function of budgeting system involves the evaluation of performance of managers.
The correct answer is C
Explanation:
The integration of inputs from different business inputs and function is done at the planning stage of budgeting. It does not involve benchmarking.
Budgeting requires requires close cooperation between accountants and operational personnel. This is referred to as active participation in budgeting. It helps to overcome behavioural challenges of budgeting.
Budget figures are used to evaluate the performance of managers. This is a benchmarking function of budgeting because it involves the comparison of performance of managers with established criteria so as to determine their level of success.
The budget outlines a specific course of action for the coming year. This indicates that a budget is a financial plan that outlines future courses of action. This does not require benchmarking.
Which of the following journal entries would be recorded if a business purchased office supplies on account in a previous accounting period and now makes a cash payment of $750 to the supplier to settle the account?
A. Accounts Payable 750 Cash 750
B. Accounts Payable 750 Office Supplies 750
C. Cash 750 Accounts Payable 750
D. Office Supplies 750 Cash 750
Answer:
The correct answer is A. Account payable 750 Cash 750.
Explanation:
This problem requires us to tell the accounting entry a business will make when making payment against offices supplies puchased on credit.
When the business has bought it it would have made following entry
Offices supplies debit 750
to payable credit 750
On settlement the business will make entry as mentioned in option A.
Final answer:
The correct journal entry for a business making a cash payment to settle an account for previously purchased office supplies is to debit Accounts Payable and credit Cash by $750.
Explanation:
If a business purchased office supplies on account in a previous accounting period and is now making a cash payment to settle the account, the correct journal entry would be to debit (decrease) Accounts Payable and credit (decrease) Cash. This is because the payment of cash settles an outstanding liability, thus reducing both the cash on hand and the amount owed to the supplier.
The correct journal entry, from the given options, is:
A. Accounts Payable 750 Cash 750
It is important to note that because the office supplies were acquired on credit in a previous period, the expense was already recognized at the time of purchase. Now, by making the cash payment, the liability (Accounts Payable) decreases, which does not affect the supplies expense account again.
Monica, a new student at Valley High School, becomes friends with a group of teenagers who use marijuana and remain seated during the singing of the National Anthem. Although Monica had never used marijuana and used to sing the Anthem, she begins to engage in the same behavior as her new friends. This is an example of
A. differential association.B. conformity.C. labeling.D. both conformity and labeling.
Answer:
C. labeling
Explanation:
Labeling theories of crime are often referred to as social reaction theories, because they focus primarily on the consequences of responses or reactions to crime. These responses or reactions typically focus on three sets of actors:
1) informal social others, such as the friends, parents, or partners of persons committing crimes, and who disapprove of the offender’s behavior.
2) organizations or institutions such as the criminal justice system, whose function it is to “do something about” crime.
3) those who perceive a threat by some behavior and want to see legislation passed to outlaw it. All of these very diverse actions have one thing in common: they are all reactions to crime.
As such, they are said to be “labels” because they have the quality of attaching a name or a signature to someone or some behavior.
The correct answer is A) differential association.
This is an example of differential association.
Sociologist Edwin Southerland studied the way people were influenced by another group of people and came up with the term differential association, that is the way one individual receives the influence of other individuals due to the permanent interaction with them. They share and influence their way of thinking, values, ideas, behavior, and criteria.
Zeta is an American multinational retail corporation. To move ahead of its competitors and increase revenue, Zeta began to employ a system to determine which products to stock and at what prices, and how to advertise to draw target customers. The process employed by Zeta is called _____. a. brand cannibalization b. retail channel omnification c. click-and-connect d. big data analytics
Answer: Option D
Explanation: Big data is an area that deals with respects of analyzing, systematically extracting data from or otherwise dealing with sets of data that are far too significant or complicated to be handled by conventional software applications for data management.
We may not test when we handle big data, but simply watch and monitor what is happening. Big data also frequently include data with sizes that surpass conventional software's capacity to process in an appropriate time and cost.
Hence from the above we can conclude that the correct option is D.
Suppose the price elasticity of demand for coffee at the Coffee Barn equals 1.71 for women and 0.55 for men. A successful price discrimination strategy would lead to _____ prices for men and _____ prices for women _____.
Answer:
The correct answer is: higher; lower.
Explanation:
The price elasticity of demand for coffee for women is 1.71.
The price elasticity of demand for coffee for men is 0.55.
For the price discrimination strategy will work if a higher price is charged from people with more inelastic demand.
When the demand is inelastic an increase in the price will cause the quantity demanded to decrease by less than proportionate. This will cause revenues to increase.
For elastic demand, the increase in price will cause the quantity demanded to decrease by more than proportionate. This will cause revenues to decrease.
So a price discrimination strategy for coffee will work if a higher price is charged from men and lower prices for women.
__________ is/are defined as the entire set of values, ideas, or attitudes shared among or learned from the members of a group
Answer: Culture
Explanation:
Culture is the refers to the set of values, attitude and the ideas that are shared among the team members and the word culture is derived from the french word which means cultivation and the earth.
According to the given question, the culture is the defined as the knowledge for the specific religion or the group in the society. When we used to share the traditions, expectations and the beliefs withing the specific society or a group.
There are basically two types of culture that are as follows:
Material culture Non-material cultureTherefore, Culture is the correct answer.
A "think global, act global" approach to strategy-making is preferable to a "think local, act local"approach when
A. A big majority of the company's rivals are pursuing localized multicountry strategies
B. Country-to-country differences are small enough to be accommodated with the framework of amostly uniform global strategy
C. Plants need to be scattered across many countries to avoid high shipping costs
D. Market growth rates vary considerably from country to country
E. Host governments enact regulations requiring that products sold locally meet strict manufacturingspecifications or performance standards
Answer:
The Correct option is C
Explanation:
A think global, act global approach to strategy making is preferable to a think local, act local approach when the country-to-country differences are small enough to be accommodated with the framework of a mostly uniform global strategy.
Answer:
hi
Explanation:
The human resources department of Mevertyn, a public relations firm, decided to stop giving meal coupons to the employees who come late to office. Which of the following theories of motivation does this scenario best illustrate?
A) McClelland's Learned Needs TheoryB) Equity theoryC) Alderfer's ERG TheoryD) Reinforcement theory
Answer:
D) Reinforcement theory
Explanation:
Reinforcement theory of motivation states that individuals tend to repeat the actions having positive consequences and would avoid the actions having harmful consequences.
In the above case the Mevertyn would not give meal coupons to employees who come late to office. It should motivate employees to come in time to office to get reward in form of meal coupons or to avoid punishment in form of getting no meal coupons.
Which of the following constitute Porter's 5 factor model?
A. Threat of new entrants, threat of partners, bargaining power of buyers, bargaining power of suppliers, current rivalry
B. Threat of new entrants, threat of improvers, bargaining power of buyers, bargaining power of suppliers, current rivalry
C. Threat of new entrants, threat of substitutes, bargaining power of buyers, bargaining power of suppliers, future rivalry
D. Threat of new entrants, threat of substitutes, bargaining power of buyers, bargaining power of suppliers, current rivalry
Answer:
D. Threat of new entrants, threat of substitutes, bargaining power of buyers, bargaining power of suppliers, current rivalry
Explanation:
Porter's 5 Factor Model is also known as Porter's five forces. Michael E. Porter was a Professor from Harvard Business School. The model is usually applied in an industry to identify the forces that compete to shape the industry. Put differently, these five forces help to analyse an industry's Strength, Weaknesses, Threats and Opportunities (SWOT) Analyses.
As detailed in the answer, the five categories in Porter's model are; Competitors in the industry, Potential of new entrants in the industry, Power of suppliers, Power of customers and the threat of substitute products.
Final answer:
Porter's Five Forces model considers the threat of new entrants, threat of substitutes, bargaining power of buyers, bargaining power of suppliers, and current rivalry to analyze the competitive intensity and attractiveness of an industry.
Explanation:
The correct answer is D. Threat of new entrants, threat of substitutes, bargaining power of buyers, bargaining power of suppliers, current rivalry. These five factors constitute Porter's Five Forces model, which is used to analyze the competitive intensity and attractiveness of an industry.
Porter's Five Forces model considers the following factors:
Threat of new entrants: Refers to the likelihood of new companies entering the industry. Higher barriers to entry make it more difficult for new firms to enter, reducing competition and increasing the market power of existing firms.Threat of substitutes: Examines the availability of alternative products or services that can fulfill the same customer needs. The presence of close substitutes can limit the pricing power of firms.Bargaining power of buyers: Assesses the influence that customers have on the pricing and terms negotiated with firms. Strong buyer power can reduce profitability.Bargaining power of suppliers: Considers the influence that suppliers have on the production process and pricing. Powerful suppliers can demand higher prices or limit the availability of key inputs, impacting firms in the industry.Current rivalry: Analyzes the level of competition among existing firms in the industry. Intense rivalry can lead to price wars and reduced profitability.Your grandfather likes to tell the story about how he started with 50 head of cattle on his ranch and grew the ranch to 1,000 head of cattle. He said "My plan was simple: grow the number of head of cattle at a rate of 10% per year."
Your grandfather reached his goal before he retired. How long did it take him?
A) 18.63 years
B) 31.43 years
C) 25.22 years
D) 47.65 years
Answer:
31.43 years
Explanation:
The number of years can be calculated using growth rate formula
yf = yi ( 1 + r) ^ t where yf is the final population, yi is the initial population, r is the rate in % and t is the number of years
yi = 50, yf = 1000, r = 10% and t = ?
substitute the values into the formula
1000 = 50 ( 1 + (10/100)) ^ t
divide both side by 50
1000/ 50 = 1000/50 ( 1.1) ^t
20 = (1.1) ^t
take log of both side
log 20 = t log 1.1 ( remember log a^b = b log a)
divide both side by log 1.1
log 20 / log 1.1 = t
t = 31.43 years
Final answer:
Using the formula for exponential growth, it took approximately 47.65 years for the ranch to grow from 50 to 1,000 head of cattle at a rate of 10% per year, resulting in option D) 47.65 years being the correct answer.
Explanation:
To calculate how long it took for your grandfather to grow his cattle ranch from 50 to 1,000 head of cattle at a rate of 10% per year, we use the formula for exponential growth. The formula is represented as A = P(1 + r)^t, where A is the amount after time t, P is the principal amount (initial quantity), r is the rate of growth, and t is the time in years.
Plugging the given numbers into the formula, we get 1,000 = 50(1 + 0.10)^t. This simplifies to 20 = (1.1)^t. To solve for t, we use logarithms. Applying the logarithm to both sides gives us log(20) = t · log(1.1). Solving for t gives t = log(20) / log(1.1), which equals approximately 47.65 years.
Therefore, it took just under 48 years for your grandfather's ranch to grow from 50 head of cattle to 1,000 head of cattle at an annual growth rate of 10%, making the correct answer D) 47.65 years.
A $10,000, 8 percent coupon bond that sells for $10,000 has a yield to maturity of
A) 8 percent.
B) 10 percent.
C) 12 percent.
D) 14 percent.
Answer:
A) 8 percent.
Explanation:
Coupon rate refers to the expected periodic earnings of a bond until its maturity. The coupon rate is expressed as a percentage of the par value or the face value of the bond. It is similar to the interest rate for other investments option. A bond's coupon rate is, therefore, its interest rate.
A bond coupon rate represents its yearly earnings. However, most bonds will pay the interest twice per year. The bond issuer pays the bondholder regular and fixed interest until the bond matures. The coupon rate determines the bond's profitability. A bond with a higher coupon rate is more attractive to investors.
Which of the following statements is true?
a. Monopolists are price makers. All other firms are price takers.
b. Unlike other industries, monopoly industries have high barriers to entry.
c. Only monopoly firms are granted patents and copyrights.
d. Unlike other firms, a monopolist's demand curve is the same as the market demand curve.
Answer:
The correct answer is option d.
Explanation:
A monopoly is a market structure where there is a single firm in the market with no close substitutes. The firm is a price maker. There is high barriers to entry in the market.
Similar to monopoly other imperfect competition such as monopolistic competition and oligopoly also have barriers to entry, and are price makers. But the firms in such markets have different demand curve than the market demand curve.
But in a monopoly there is only single firm, so the market demand curve is the same as individual firm's demand curve.
The definition of marketing implies that ____ should receive benefits from exchange relationships.
Answer:
The correct answer is both customers and businesses.
Explanation:
The definition of marketing implies that both customers and businesses should receive benefits from exchange relationships.
Dr. Philip Kotler defines marketing as “the science and art of exploring, creating, and delivering value to satisfy the needs of a target market at a profit."
Marketing measures unfulfilled needs and desires. In short it includes five Ps that is product, price, place, packaging and people. All businesses carries these activities to make profit and satisfy customer to ensure future profits.
The definition of marketing suggests that in a voluntary exchange, both buyers and sellers should benefit from the transaction, with each party expecting to gain something of greater value than what is given up.
The definition of marketing implies that both parties should receive benefits from exchange relationships. This means that in a voluntary exchange, both the buyer and the seller expect to gain something of more value than what they are giving up. This fundamental principle is key in private markets, such as those for cell phones, where an efficient platform is established to facilitate the interactions between buyers and sellers, hence determining the production and allocation of goods. Focusing on voluntary exchanges, it's important to note that no one who sells anything voluntarily expects to receive something of lesser value in return. Instead, they aim to receive something they value more. This is a representation of the economic thinking that voluntary exchange leads to mutual benefits, enhancing both parties' well-being. Markets serve as social institutions that play a crucial role in how goods and services are distributed through market exchanges, which are regulated by supply and demand. These market interactions provide the basis for trade within an economy, helping to distribute resources, goods, and services efficiently. However, it's worth mentioning that there can be externalities when a voluntary exchange affects a third party who is not involved in the transaction.
__________is a process whereby companies compare their practices and performance measurements to those of other companies.
Answer:
Benchmarking.
Explanation:
Benchmarking is a process that any company or organizations use to compare their own performance with that of other companies. This is most popular among companies belonging to the same industry. There are generally three, dimensions that are analyzed in this measurement process, they are: Quality, Time, and Cost.
If the Trial Balance columns are not equal and the difference can be evenly divided by 9, then the error most likely is a transposed number.True / False.
Answer:Yes
True
Explanation:
A transposition error is a data entry error that is caused by inadvertently switching two adjacent numbers. ... For example, the number 63 is entered as 36, which is a difference of 27. The number 27 is evenly divisible by 9. This can surely cause discrepancies in the trial balance
If the Trial Balance columns are not equal and the difference can be evenly divided by 9, then the error most likely is a transposed number. The statement is true.
What do you mean by Error?The discrepancy between the measured and actual values might be used to define an error.
On the work sheet, the difference between the two totals is calculated and verified when there is an imbalance between two column totals. When a work sheet's totals for the Debit and Credit columns may be divided by 9 evenly, the error is most likely in addition.
The general ledger's accounts are all listed in the trial balance along with their balances (or all of the accounts that have balances). However, the credit balance amounts are entered in a different column than the debit balance amounts.
Therefore, The statement is true. The error most likely is a transposed number.
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In financial markets, firms and governments in search of funds to pay for their daily operations would be the:___________.
Answer:
Borrowers
Explanation:
Financial markets provide the platform for trading of financial assets (instruments) . In the financial markets, through the activities of a combination of participants , funds from the surplus sector (investors) are channeled to the deficit sector (borrowers).
The surplus sector comprises of persons, government, firms e.t.c who have more funds than they need to spend right away. Conversely, the deficit sector represents parties (firms, individuals, government) who are have shortage of funds for whatever purpose-e.g consumption, business expansion, funding of daily operations e.t.c . In short, they are in search of funds for different purposes.
Financial instruments : These are contracts that confer rights on their holders (investors/lenders) to claim the income generate by the assets owned by the borrowers.
Final answer:
In financial markets, firms and governments seeking funds for operations or new projects are demanders in the financial market, often raising funds through bond issuance. The correct choice is c. Firms in the financial market.
Explanation:
In financial markets, firms and governments in search of funds to pay for their daily operations would be the demanders of financial capital. These entities may seek funds from various sources, one common method is by issuing bonds. For instance, the federal government issues bonds to raise money for various expenses, including infrastructure and daily operations. Similarly, local school districts may sell bonds to finance new school construction, and colleges or universities often sell bonds to finance new building projects on campus. Likewise, firms sell bonds to finance expansion or other investments. Therefore, the bond market plays a critical role as it allows these institutions to obtain the necessary capital by selling debt securities to investors who effectively lend money in return for the bond issued.
The correct answer to the provided choices is c. Firms in the financial market. While it could seem that the answer might be related to firms in the goods or labor markets, those refer to the production of goods and services and the hiring of labor, respectively, which are different from the context of borrowing and lending in financial markets.