Final answer:
There are no pure free market economies because markets sometimes fail, public goods necessitate collective provision and maintenance, and governments intervene to stabilize the economy, resulting in a blend of market and command systems found in mixed economies.
Explanation:
The concept of pure free market economies is not found in reality due to several complex factors that necessitate a degree of government involvement. Market failures occur when free markets cannot efficiently allocate goods and services, leading to situations where public goods, such as roads and bridges, require a collective effort to provide and maintain. Moreover, economic fluctuations such as recessions and depressions prompt governments to intervene to stabilize the economy.
Governments must address basic economic questions of what to produce, how to produce, and for whom to produce, which affects their position along the spectrum of economic systems. Mixed economies, which incorporate elements of command and market systems, are therefore the norm, with countries like the U.S., China, and Denmark each exhibiting their unique blends of government and market influences.
Which of fayol’s five functions of management means pulling organizational elements toward common objectives?
A retriever would most likely be used for what type of hunting?
What is the name of the federal agency that regulates the investment industry?
The federal agency that regulates the investment industry in the United States is the Securities and Exchange Commission (SEC).
The Securities and Exchange Commission (SEC) is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation. It was created by Congress in 1934 as the first federal regulator of the securities markets. The SEC promotes full public disclosure, protects investors against fraudulent and manipulative practices in the market, and monitors corporate takeover actions in the United States.
The SEC is composed of five commissioners appointed by the President of the United States with the advice and consent of the Senate. Their terms last five years and are staggered so that one commissioner's term ends on June 5 of each year. The SEC's staff is organized into divisions and offices, with each division and office having a specific enforcement responsibility. These include the Division of Corporation Finance, the Division of Trading and Markets, the Division of Investment Management, the Division of Enforcement, and the Office of Compliance Inspections and Examinations.
By ensuring that investors have access to all material information about a company, the SEC aims to enable investors to make informed decisions about buying and selling securities. The SEC also works with other federal and state agencies, self-regulatory organizations, and international regulators to facilitate and enforce laws governing the securities industry."
____ provides updated traffic reports that highlight routes with congestion, construction, or accidents that might cause delays.
The answer is:
"Websites like Google Maps, local TV station's websites".
There are a lot of other websites and media outlets which
provide these kinds of services, a positive effect of technological revolution
in this age. People save their time as well as effort by getting an alert well
in advance about any disturbance on the road.
What type of technology would be needed to gather evidence of a jet stream?
Regardless of how well or poorly a franchise business is doing, franchisees must give the franchiser a monthly
A company's after-tax profits measured per unit of common stock are known as ______
The two viking spacecraft did not find convincing evidence of life on mars, nor did the phoenix lander. do these results imply that life never existed on mars? explain.
Blogs and blogging tools are critical methods in accomplishing which segment of the 4e framework of social media marketing?
Blogs and blogging tools play significant roles in the 'Excite' and 'Engage' segments of the 4E framework of social media marketing as they aid in attracting an audience and fostering an interactive relationship with them.
Explanation:In the 4E framework of social media marketing, blogs and blogging tools significantly contribute to the Excite and Engage segments. Specifically, the 'Excite' segment relies on captivating content to attract the attention of the target audience, which can be achieved through innovative blog posts. The 'Engage' segment involves fostering an interactive relationship with the customers. By creating a blog post, you can encourage your audience to comment, share, and participate in discussions, thus facilitating engagement.
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Your local city council or your county commissioners are examples of a(n) _____ market.
I believe the answer is: Government market
Government market refers to the market where all government officials from local, state , or federal level are the consumers.
In their daily operation, these government officials often make a transaction with private sectors to reduce their workload. (for example government often ask the cooperation of private sectors to build infrastructure such as bridge or internet cable)
Which choice gives a reason that property rights must be protected in a market economy?
a.the right to property is not guaranteed in command economies.
b.in a chaotic market consumers might lose track of whose property belongs to whom.
c.producers must be ensured that they will be able to sell their products and keep their revenues.
d.if buyers have a right to the property of sellers, then they will be more likely to engage in free trade?
I believe the correct answer from the given choices is:
C. Producers must be ensured that they will be able to sell their products and keep their revenues
Producers are given the freedom or right to sell their product. They are protected by laws in a market economy.
The cross-price elasticity of demand between california oranges and florida oranges is likely to be positive, zero or negative?
A(n) _____ is a stand-alone display device that connects to a computer.
What does a charter and a joint stock company have in common?
When steve jobs was ceo of apple his charisma, marketing skills, and technical vision helped create a(n) ____ at apple that made it the leader in mobile devices?
Final answer:
Steve Jobs instilled a comparative advantage in Apple, making it a leader in mobile technology by leveraging global production and the U.S.'s prowess in design and marketing.
Explanation:
When Steve Jobs was CEO of Apple, his charisma, marketing skills, and technical vision helped create a comparative advantage at Apple that made it the leader in mobile devices. Understanding the concept of comparative advantage, we see that the U.S. has excelled in the design and marketing of high-tech devices like the iPhone.
Countries like China and Korea also play a significant role in Apple's success story by focusing on assembly and components production respectively, where they hold their comparative advantages.
Apple's strategy leverages the global assembly line, outsourcing where it is most advantageous. This approach allows Apple to benefit from lower costs while maintaining high-quality standards. This production strategy, combined with Jobs' leadership and vision, solidified Apple's position as a global leader in mobile technology.
What helped constantinople became a center for business and trade?
Nathan has created a chart depicting changes in the eating habits of various members of an average American family. Based on this chart, he has created a report forecasting a change in demand for fast-food products. He has also made suggestions regarding the ideal prices at which customers are likely to buy the most food products. What role is Nathan performing at his company?
Nathan is performing the role of a market analyst at his company.
Explanation:A market analyst is a professional who assesses and interprets market trends, consumer behavior, and competitive landscapes to provide businesses with insights and recommendations for making informed marketing and business decisions. They use data analysis and research techniques to understand market conditions and make strategic predictions.
Nathan is performing the role of a market analyst at his company. As a market analyst, he analyzes data and creates forecasts to make informed decisions about demand and pricing. By creating a chart depicting changes in eating habits and using it to forecast a change in demand for fast-food products, he is using market research to provide insights and recommendations to his company.
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Which type of entry mode in international business is also called build-operate-transfer?
The entry mode in international business called build-operate-transfer or BOT, is a public-private partnership model involving construction, operation, and eventual transfer of a facility to the public authority.
The type of entry mode in international business which is also referred to as build-operate-transfer is the BOT model. This model is a form of public-private partnership that involves a private entity building and operating a facility for a certain period before transferring ownership to the government or another public authority.
In this arrangement, a company will build the necessary infrastructure for the business, operate it to recover its investment and make a profit, and finally, once the agreed-upon period is over or the investment is recouped, transfer the control of the entity to the host government.
It represents a higher investment strategy and is mainly used for large projects, such as infrastructure, power plants, and other facilities where a significant upfront investment is required and coupled with long-term operational involvement before transfer.
Greg uses information systems to design and manufacture products. this is an example of
Monitors are divided into a matrix of small dots called ____.
Question 6 (multiple choice)
Suppose you have a 12-month loan of $1,200.00 at 12% interest to purchase a lawn mower and other gardening equipment. Each monthly payment is $106.56. The balance after the fourth payment is $816.04. How much do you save by paying off the loan with the fifth payment?
(Hint: First calculate the payoff: Find the interest on the balance due and add it to the balance due. Add the amount of the first four payments to the payoff in month 5. Finally, compare this total to the monthly payment multiplied by 12.)
A. $426.24
B. $852.48
C. $842.20
D. $28.28
When the government increases taxes, rates of tax evasion increase?
the basic reason people operate businesses in the united states is their desire to a) serves their customers b) pay their taxes c) sell their products d) earn a profit
People run businesses in the United States mostly out of a desire to earn a profit. Thus, the correct option is (d).
In the US, there are a variety of businesses. They come in a variety of sizes, from the enormous multinational organization that employs thousands of people to the sole proprietor.
They include big and small enterprises, home-based and online businesses, corporate and family farms, as well as corporations. Businesses play a critical role in the American economy. They provide services and commodities to the whole planet. The main factor influencing the increase of the country's gross domestic product (GDP; the total market value of the final products and services produced within an economy in a given year) is the consumption of business output.Businesses can provide chances for finding work, accumulating income, and making investments.
Therefore, People run businesses in the United States mostly out of a desire to earn a profit. Thus, the correct option is (d).
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You are president of a large corporation. at a typical monthly meeting, each of your vice presidents gives standard area reports. in the past, these reports have been good, and the vps seem satisfied about their work. based on slii®, which leadership style should you exhibit at the next meeting?
Final answer:
In the situation given, a supportive-achievement-oriented style is recommended based on SLII®, due to the vice presidents' competence and satisfaction with their work. Using Vroom and Yetton's decision tree can help in adapting leadership styles to specific situations, which is critical for effective management.
Explanation:
Based on SLII®, or the Situational Leadership® II model, leadership style should be adapted based on the maturity level (competence and commitment) of the people the leader is working with. In the context described, where vice presidents have been giving good standard area reports and seem satisfied with their work, a supportive-achievement-oriented leadership style would be appropriate.
This style includes both high directive and high supportive behavior, aligning with SLII®'s high-competence, high-commitment (D4) developmental level. The leader's role here is to facilitate and support the VP's efforts, celebrate successes, and involve them in decision-making processes, thereby encouraging autonomy while still providing direction as needed.
Anyone with the money can purchase shares of coca-cola's stock. this makes coca-cola a(n) ____ corporation.
Coca-Cola is a public corporation because its stock is publicly traded, allowing anyone with the necessary funds to purchase shares and become part of the company's ownership.
Explanation:
Given the fact that anyone with the funds can purchase shares of Coca-Cola's stock, this implies that Coca-Cola is a public corporation.
A corporation is a business that incorporates and is owned by shareholders. These shareholders have limited liability for the company's debt but share its profits and losses. Corporations can either be private or public. The primary difference lies in whether the stock is publicly traded or not. A public corporation, like Coca-Cola, has publicly traded stock meaning that anyone who can afford it can buy shares and become owners or shareholders of the company.
Ownership of a company is represented by the stock. If a person owns 100% of a company's stock, they effectively own the entire company. However, in most large and well-known corporations, stock ownership is spread among a large number of shareholders. Even those who hold thousands of shares only represent a small fraction of the firm's overall ownership.
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“knowledge of the job processes, methods, tools and techniques” is which managerial skill?
Knowledge of the different job processes, methods, tools and techniques belong to the Technical Managerial Skill. Skills management refers to the proper training of understanding, developing and organizing individuals and their abilities. Well-managed skills management ought to recognize the abilities that profession roles necessitate, the abilities of singular workers, and a little fissure amongst the two.
What is the main reason it is important to prioritize your focus on particular design purposes?
When employees collect or handle personally identifiable information (pii), they should:?
Final answer:
Employees handling PII are expected to manage the information carefully, ensuring it is used for its intended purpose and avoiding unauthorized disclosure. They should follow clear guidelines for data collection, usage, storage, and destruction. Individuals should also protect their data by understanding their privacy rights and managing their digital privacy accordingly.
Explanation:
Handling of Personally Identifiable Information (PII):
When employees collect or handle personally identifiable information (PII), they should ensure that any collected data is handled carefully, used effectively, and used only for the stated purpose. They should prevent unauthorized disclosure, use, or collection of the data. This involves following specific steps in data collection, use, storage, and destruction.
Employees should collect only the minimum information requested, inquire about the reasons for the data collection, understand how it will be used, and be aware of who will have access to it. Furthermore, monitoring credit history for signs of identity theft is another precautionary measure. Individuals are encouraged to protect their data privacy by familiarizing themselves with privacy rights, reading privacy policies, and giving out only necessary information.
It is imperative for both employees and organizations to develop a shared understanding of their roles in protecting data privacy. This reflects an understanding and recognition of the need to adopt appropriate data handling methods. Educational institutions, for example, are often required to have a policy statement on how they will protect the privacy of individuals, which includes ensuring confidentiality.
Adhering to the concept of confidentiality, employees should respect the privacy of clients, colleagues, and other involved parties, sharing private information only when legally obliged or with appropriate prior consent.
Lastly, students and all individuals should manage their personal data to maintain digital privacy and security, and be aware of data-collection technology that may track their online navigation.
The ________ established a nationwide federal program to protect workers from job-related deaths, injuries, and illnesses. the worker rights act the workplace safety act the occupational safety and health act the environmental safety and health act
The occupational safety and health act of 1970 (OSHA) established a nationwide federal program to protect workers from job-related deaths, injuries, and illnesses. Thus, option 3rd is correct.
What is OSHA?The Occupational Safety and Health Administration (OSHA /o/) is a big regulatory agency of the United States Department of Labor with federal historical powers to inspect and evaluate workplaces.
The Occupational Safety and Health Act of OSHA, which President Richard M. Nixon signed into law on December 29, 1970, formed the agency. OSHA's objective is to "assure that workplaces are safe and healthy for working men and women by formulating and enforcing standards and by providing training, outreach, information, and support".
The organization is also responsible for enforcing a number of whistleblower legislation and regulations. Workplace safety examinations conducted by OSHA have been found to lower injury rates and costs while having no negative impact on employment, sales, credit ratings, or business survival. Hence, option 3rd is correct.
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You win $100 in a basketball pool. you have a choice between spending the money now and putting it away for a year in a bank account that pays 5 percent interest. what is the opportunity cost of spending the $100 now?
The interest that the bank will pay will be the opportunity cost of spending $100 now. There will be $5 in interest. Thus, the opportunity cost of spending now is $105.
What is an "opportunity cost"?Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them. Making smarter decisions requires an understanding of the possible possibilities lost when a company or person choose one investment over another.
Opportunity cost is a wholly internal expense that is only used for strategic consideration; it is not included in accounting profit and is not reported externally. Opportunity cost examples include choosing to build a new manufacturing facility in Los Angeles as opposed to Mexico City, forgoing an equipment upgrade, or selecting the most expensive product packaging over less expensive alternatives.
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