Answer:
Explanation:
Based on the information provided within the question it can be said that this is a great idea because the workers experience the same experiences that the customers have and are therefore able to provide the managers with extremely valuable input, as well as help keep the employees involved and feel as though their participation makes a difference.
A major reason for the end of the Great Depression was an increase in government spending 1. for Social Security 2. for space exploration 3. for environmental protection 4. associated with the war effort
Answer:
4. Associated with the war effort
Explanation:
Economists and historians hold the view that the beginning of World War II in 1939 was a major event that ended the Great Depression. This is as a result of the Government's spending on the preparation forward at the very least accelerated the recovery from the depression.
For instance, it is believed that policies such as the rearmament policies helped to stimulate Europe's economy by reducing unemployment between 1937 and 1939 and the start of the war brought an end to the unemployment siege that was prevalent during the Depression
The reduction in the unemployment rate as a result of spending on the war was also witnessed in the United States as historians and economists believed that US' entry into the war n 1941 drastically reduced the rate of unemployment to below 10%.
What exactly was this spending associated with war efforts, the government in preparation for the war started enacting policies that established numerous contracts on arms and equipment with many private contractors and businessmen and these companies needed to employ people and also commit to these contracts to secure their gains and these were very key in ending the Great Depression.
when the act curve is decreasing, we know that the mc curve is, and when the atc curve is increasing, we know that mc is
Answer:
When ATC curve is decreasing, we know that the MC curve is
below the ATC curve, and when the ATC curve is increasing, we know that MC is above the ATC curve
Explanation:
ATC refers to average total cost and MC refers to marginal cost, these both curve derive from total cost when MC is below ATC curve it shows that MC is less than ATC at that point ATC is falling.
Likewise, when MC is above ATC curve it shows MC is grater than ATC curve and at that point ATC is rising.
furthermore, when MC is equal to ATC at that point ATC is at minimum point.
The ATC curve is decreasing when MC is below ATC, leading to a reduction in average total costs. The ATC curve increases when MC is above ATC, raising average total costs. The MC intersects ATC and AVC at their respective minimums.
When the Average Total Cost (ATC) curve is decreasing, the Marginal Cost (MC) curve is below the ATC, indicating that each additional unit of production is costing less than the previous units. This situation leads to a decrease in the average total costs. Conversely, when the ATC curve is increasing, the MC has risen above the ATC, meaning that each additional unit of production costs more than the average of the previous units, thus driving up the average total costs. The MC curve intersects both the Average Total Cost (ATC) and Average Variable Cost (AVC) curves at their minimum points. The logic behind this interrelationship is similar to that of the relationship between marginal and average product curves: a lower marginal cost compared to the average pulls the average down, whereas a higher marginal cost pushes the average up.
No matter the production function, at production levels where MC is below an average cost curve, said average cost curve must be falling. In short runs where there are fixed costs, it's noted that the AVC approaches the ATC as output rises, essentially because the Average Fixed Cost (AFC) approaches zero. The point where MC intersects ATC is the minimum cost output level.
in what way are electronic communications sometimes different from other business communications?
They are more formal
They are more casual
They are longer
They are more professional
Electronic communications sometimes different from other business communications in a sense that they're more casual.
Answer: Option 2
Explanation:
Electronics communication as the name suggest is a mode of communication through electronic mediums such as e-mail, voice mail, messages, blogs and many more. Business communication on the other hand is an activity where knowledge is share between the people of various companies.
Electronic communications differ from business communications in a sense that they’re more casual. When employees or any other group of people interact via electronic medium, their engagement with other people is quite casual. Business communication on the other hand is quite professional and formal.
Electronic communications are sometimes different from other business communications because they are often more casual.
Electronic communications, such as emails, instant messages, and social media interactions, often carry a more casual tone compared to traditional business communications like formal letters or memos.
This informality stems from the nature of digital interactions, where speed and brevity are prioritized. In electronic communications, individuals may use abbreviations, emoticons, or informal language that would not typically be found in formal business documents.
Additionally, the instantaneous nature of electronic communications can lead to a more conversational style, with less emphasis on structure and formality.
While professionalism is still important in electronic communications, the informality allows for quicker exchanges and fosters a more relaxed atmosphere conducive to collaboration and relationship-building.
Amin is working on a new design project and has created three mock-ups.
At what stage would Amin show the mock-ups to the client?
Answer:
presentation
Explanation:
Based on the information provided within the question it can be said that Amin would show the mock-ups to the client during the presentation stage. This is the stage in which a speech or talk is done in front of the client's as well as showing them the new product, idea, or work. Therefore the three mock-ups that Amin created would be shown the the client's during this stage.
Mock-ups are typically shown to the client during the presentation stage of a project, which usually comes after the concept and design development phase.
Explanation:Amin would generally show the mock-ups to the client during the presentation stage of the project. The presentation stage usually occurs after the concept and design development stage, where Amin would have conceptualized and created his mock-ups. During the presentation, Amin would explain his designs, ask for feedback, and discuss potential changes based on the client's feedback.
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What monatization model requires a massive user base to generate significant revenues?
Answer:
Advertising
Explanation:
Advertising is a great monetization model as one can make lots of money from placing adverts on your apps or website. However, to make significant revenues from advertising, it is expected that many users of your app or visitors to your website click these ads. Thus, it is required that one must have a massive user base to be able to make substantial revenue from advertising.
Distributor packages and sells two types of products, A and B. The respective sales prices for the products are $10 and $5. The distributor has enough storage capacity for 1000 total products. Packaging for product A requires 2 hours and for the product B requires 5 hours. The packaging budget allows for only 5000 hours of labor for packaging. This linear program can be formulated as ___.
Answer:
Maximize 10A + 5B, such that, A >= 0, B >= 0, A + B <= 1000, 2A + 5B <= 5000
Explanation:
There are two aspects of the equation, one pertains to the storage capacity related to the Selling prices of A and B
The other one relates to the labor hours of A and B
A nurse who is a chronic complainer comes back from lunch 20 minutes late. When confronted by the manager, the nurse says, "The nurses who smoke always take longer lunches. No one says anything to them." What is the manager's major consideration before replying to this statement?
1. Policies must be consistently applied to all employees.2. Since the hospital is smoke free, those nurses who wish to smoke must leave campus for lunch.3. This nurse complains about everything.4. The human resources policy is that nurses get 60 minutes for lunch.
Answer:
1. Policies must be consistently applied to all employees
Explanation:
In the given scenario, the nurse has justified her late coming by complaining about the other nurses who smoke also comes late and hence the manager's major consideration before replying must be based on that the policies must be consistently applied to all employees.
Evaluating the industry's driving forces, as a whole, requires understanding their influence on the attractiveness of industry environment and:______________.
Answer:
B) generally are defined in ways that will strengthen or weaken market demand, competition, and industry profitability in future years.
Explanation:
When you evaluate the driving forces of an industry you must try to understand what causes changes at the industry level. The driving force of something is what gives that something energy and power. Therefore, when we look at a specific industry we must determine what forces are causing that industry to change. For example, green technologies (hybrids, electrical and nitrogen) are currently the driving forces of the automobile industry.
Driving forces materially impact the industry's future, since the current changes will become the industry's standard of the future. For example, in 2007 when the iPhone was introduced it changed the whole cellphone industry, but now all the cellphones are smartphones.
Final answer:
Evaluating industry driving forces involves understanding their impact on market competition and structure, which are influenced by supply and demand changes as well as market power among firms. Changes in technology, customer preferences, and regulations alter these dynamics, requiring careful analysis of competitive conditions.
Explanation:
Evaluating the industry's driving forces requires understanding their influence on the attractiveness of the industry environment and the marketplace competition. The market structure is a multidimensional concept that involves how competitive the industry is. It is defined by questions such as the amount of market power each firm in the industry possesses, the level of direct competition, barriers to entry, and the extent of product differentiation.
Factors such as changes in technology, customer preferences, and regulations, may affect the supply and demand, thereby altering production and cost conditions that each firm faces. Therefore, assessing the economic changes within the industry, one must decide if these changes affect supply or demand or both. These assessments are crucial in understanding the overall impact on market structure.
Additionally, evaluating the competitive conditions across industries is essential for measurements such as market concentration and the effects of potential mergers. Antitrust regulators have been refining their approach to better reflect the unique competitive conditions of different industries, moving away from broad assumptions.
Just before the 2007 Daytona 500, NASCAR heavily fined several racing teams for using fuel additives that make cars go slightly faster. Why would NASCAR want to take steps to lower the speed of their race cars?
A. Like MLB with steroids, NASCAR fears that if they don’t act to prevent the use of illegal substances, the federal government will step in and regulate their league.
B. NASCAR fans prefer absolute quality over relative quality.
C. NASCAR fans prefer relative quality over absolute quality.
D. Slower cars provide for significantly better track safety.
E. All of the above.
Answer:
A) Like MLB with steroids, NASCAR fears that if they don’t act to prevent the use of illegal substances, the federal government will step in and regulate their league.
Explanation:
Steroid use became widespread in MLB and the league decided to do nothing about it until Congress started their own investigation in 2005, decades after mass use of steroids was made public in books and other investigations. Congress used the 1950s investigation of television quiz shows as precedent for their baseball investigation.
Using altered fuel would be an equivalent of car steroids, and Nascar was afraid of being investigated about it.
To give all drivers safe and fair racing.
You have agreed to paint your neighbor's house a lovely shade of chartreuse for $1500 and discover, much to your dismay, that the house has a second floor. Now you're faced with the prospect of buying a ladder or scaffolding (or a really long handled brush), not to mention the 15 more gallons of paint that will be needed to cover the additional portions of the house. You won't get another penny for what will surely be increased efforts since your neighbor transferred all their cost risk to you with a(n):
Answer: Fixed price contract
Explanation:
The risk has been transferred from my neighbor to me with the use of a fixed price contract.
A fixed price contract is a form of agreement where an evaluation is made and the total predicted price of a product/ service is paid for: and payment can't be altered in future regardless of changes in price of product/service to be rendered along the line.
The Brights are buying a home from the Stones. They are splitting the escrow service fees 50-50. Do they live in Northern or Southern California?
They live in Southern California.
In Northern California the buyer usually pays the escrow service fees.
Explanation:
As a rule, escrow services price between 1 and 2 percent of a house price for property transactions. In certain cases, the escrow fees may be calculated at $2 per mil of buy price plus $250, depending on the firm.
Similarly, who ends up paying the insurance in California varies depending on the county in which your property is located. The buyer occasionally pays, the vendor sometimes pays. This can be divided 50/50 in other instances. The policy applies to the buyer, how often the retailer pays for it or not.
Sellers have to pay the documents transfer tax at the closing of the escrow in Northern California. The payment is valued at $1.10 per selling price of 1000 dollars. The seller's side of the escrow also includes recording charges, liability, and appraisals.
Final answer:
Based on the common practice in Southern California where buyers and sellers split escrow service fees 50-50, the Brights and the Stones likely live in Southern California.
Explanation:
The question "Do they live in Northern or Southern California?" relates to regional real estate practices concerning the payment of escrow service fees. In Southern California, it is common for the buyer and seller to split the escrow fees 50-50, whereas in Northern California, the buyer typically pays for most or all of the escrow services. Therefore, based on the information provided, it is likely that the Brights and the Stones live in Southern California.
Revenues and intangible benefits such as referrals and feedback a consumer brings to the seller over an average period of their relationship, less the amount the company must spend to acquire, market to, and service the customer is known as the _____.
Answer:
Customer Lifetime Value (CLV)
Explanation:
A customer's lifetime value, or Customer Lifetime Value (CLV), is the total amount of money that a customer is expected to spend during their lifetime on your business or on your products.
It is a prominent figure to understand because it helps you decide how much money to invest in the acquisition of new customers and the retention of existing products.
Within the Renault Nissan alliance (Chapter 9 Mini Case), both Renault and Nissan have each formed ____________ strategic alliances at the business-unit level with other companies.
a. synergistic
b. vertical complementary
c. diversifying
d. horizontal complementary
Answer: (D) Horizontal complementary
Explanation:
The horizontal complementary is one of the type of business strategy alliances that are formed for increase the competition level in the marketing by producing the various types of product and new technologies in the market.
According to the question, the horizontal complementary strategy are basically refers to the partnership that link various types of organizational unit together with the other business units or companies.
Therefore, Option (D) is correct.
If McDonald's wanted to change its marketing strategy in response to the social trends outlined in the text, it might consider all of the following ideas EXCEPT
A offering an expanded menu of healthy options.B speeding up drive-through service.C using recycled paper in its food packaging.D expanding its low-cost menu options.E creating an advertising campaign to target elementary school children.
Answer:
E) creating an advertising campaign to target elementary school children
Explanation:
Even without being able to read the text, the answer is obvious since McDonald's advertising campaign targeting small children would be considered foul play. It's OK for a toy maker to target small kids, but everyone knows McDonald's doesn't sell healthy food, so they shouldn't focus any advertising on small children. That is why some cities banned free toys in the Happy Meals.
An investment center manager has three potential projects to accept or reject. Return on Investment (ROI) of these three projects is 12%, 15%, and 18%. Residual income of these projects, respectively, is $1,000, $50,000, and $400,000. These projects are not mutually exclusive (meaning all three of the projects could be pursued at once, if the manager desires). Which of the following statements is FALSE?
Answer:
c, b, a.
Explanation:
Important to note that a mutually exclusive is project or event is one that cannot both occur at the same time. Hence, since they are not mutually exclusive, they can thus occur at the same time.
Therefore, the statement "all three of the projects could be pursued at once, if the manager desires" is TRUE.
It is more likely that the manager's choice would be based on the project with the highest Return on investment (ROI) and residual income (meaning $400,000 residual income and 18% ROI project is selected).
An investor or portfolio manager that focuses on the fundamentals of a company including its balance sheet, income statement, and book value would be known as which of the following?
A) Technical Analyst
B) Portfolio Analyst
C) Fundamental Analyst
D) Strategic Analyst
Answer:
C) Fundamental Analyst
Explanation:
A fundamental analyst is concerned with the macroeconomic indicators such as the inflation rate, interest rate, and consumption level that affect a company's and industry's performances. At the company level, fundamental analysis entails the examination of a company's historical earnings trends, financial data, management concept, and competitors' performance.
Fundamental analysts gather information from a company's financial statements and other relevant sources. The purpose of fundamental analysis is to help investors decide whether to invest in a company or not.
The correct answer is C. An investor or portfolio manager that focuses on the fundamentals of a company including its balance sheet, income statement, and book value would be known as Fundamental Analyst.
A Fundamental Analyst is an investor or portfolio manager who focuses on analyzing a company's financial statements, including the balance sheet, income statement, and cash flow statement, to determine the intrinsic value of a company's shares. They look at a variety of metrics such as earnings per share (EPS), price-to-earnings (P/E) ratios, return on equity (ROE), and the company's book value, among others, to assess the company's financial health and potential for future growth.
In contrast, a Technical Analyst (Option A) primarily studies price movements, charts, and various statistical figures to identify patterns that can suggest future market movements. They do not focus on the intrinsic value of the company but rather on the trading signals generated by market activity.
A Portfolio Analyst (Option B) might analyze the composition and performance of an investment portfolio, ensuring that it aligns with the investor's goals and risk tolerance, but this term is not as specifically tied to the analysis of a company's financials as the term Fundamental Analyst.
Lastly, a Strategic Analyst (Option D) might be involved in analyzing broader strategic issues for a company, such as market positioning, competitive landscape, and long-term planning, rather than focusing solely on the financial metrics of a company for investment purposes.
A barn with an adjusted basis of $125,000 was destroyed by a tornado on March 5, 2018. On May 15, 2018, the insurance company paid the owner $150,000. The owner reinvested $170,000 in another barn. What is the basis of the new barn if non-recognition of gain from an involuntary conversion is elected?
Answer:
$145,000
Explanation:
Data provided in the question:
Adjusted basis of the barn = $125,000
Amount paid by the insurance company = $150,000
Amount reinvested in another barn = $170,000
Now,
Basis of the new barn
= Adjusted Basis of old barn + Additional amount spend on new barn in excess of amount paid by insurance company
= $125,000 + [ $170,000 - $150,000 ]
= $125,000 + $20,000
= $145,000
Two lines have the same non-zero $y$-intercept. The first line has a slope of 10 and an $x$-intercept of $(s, 0)$. The second line has a slope of 6 and an $x$-intercept of $(t, 0)$. What is the ratio of $s $ to $t$? Express your answer as a common fraction.
Final answer:
The ratio of $x$-intercepts $s$ to $t$ of two lines with the same non-zero $y$-intercept and slopes of 10 and 6, respectively, is [tex]\frac{3}{5}[/tex].
Explanation:
The question asks for the ratio of $s$ to $t$, where $s$ and $t$ are the $x$-intercepts of two lines with the same non-zero $y$-intercept, and slopes of 10 and 6, respectively. To determine the $x$-intercepts, we use the fact that the equation of a line can be written as $y = mx + b$, where $m$ is the slope and $b$ is the $y$-intercept. Given the slope and knowing that both lines go through the same $y$-intercept, we set $y$ to zero (for the $x$-intercept) and solve for $x$ in both equations, which results in the equations $0 = 10x + b$ and $0 = 6x + b$ for the first and second lines, respectively. For the first line, the $x$-intercept $s$ is given by the equation [tex]$s = -\frac{b}{10}$[/tex]. Similarly, for the second line, the $x$-intercept $t$ is given by [tex]$t = -\frac{b}{6}$[/tex]. Therefore, the ratio of $s$ to $t$ can be expressed as [tex]$\frac{s}{t} = \frac{-\frac{b}{10}}{-\frac{b}{6}} = \frac{6}{10} = \frac{3}{5}$[/tex]. Hence, the ratio of $s$ to $t$ is [tex]\frac{3}{5}[/tex].
A teacher who is considering safe and smooth arrival times in a preschool group will:_________
A. Plan child-directed activities at arrival time.
B. Plan an interesting whole group activity during arrival time.
C. Provide books and magazines to read.
D. Plan for outdoor play during arrival time.
Answer:
A. Plan child-directed activities at arrival time
Explanation:
A smooth and safe arrival in a preschool should have a plan for activities that are focused on little children
In general, the basis of property to a corporation in a transfer that qualifies as a nontaxable exchange under § 351 is the basis in the hands of the transferor shareholder decreased by the amount of any gain recognized on the transfer.
True / False.
Answer
False
the basis of property to a corporation in a transfer that qualifies as a nontaxable exchange under § 351 is not the basis in the hands of the transferor shareholder decreased by the amount of any gain recognized on the transfer.
Which of the following is used to calculate total variable overhead variance where VOH = Variable Overhead, SVOR = Standard Variable Overhead Rate, SH = Standard Hour Allowed, and AH = Actual Direct Labor Hours Used?
a.Total VOH Variance = Variable VOH – SVOR × AH
b.Total VOH Variance = Fixed VOH – SVOR × AH
c.Total VOH Variance = Standard VOH – SVOR × SH
d.Total VOH Variance = Actual VOH – SVOR × SH
e.None of these choices are correct.
Answer:
See below.
Explanation:
Total Variable over head variance = Spending variance + Efficiency variance
Total Spending variance = VOH - SVOR × AH
Total Efficiency variance = SVOR * ( AH - SH)
Assuming we only want total spending variance then option A is correct, however if we assume total overhead variance is required option E would be correct as we also need to account for the efficiency variance of overhead as per the difference between actual and standard hours worked.
Hope that helps.
Esteban's job responsibilities were recently changed as part of a decentralization effort taking place at his place of employment. He is to decide when a file's status is to be altered, rather than only altering files at his supervisor's discretion. Esteban is pleased that his judgment is now utilized and valued by his employer. Esteban's job has been:______
a. encompassed.
b. enlarged.
c. expanded.
d. enriched.
e. explored.
Answer:
The correct answer is d. enriched.
Explanation:
The enrichment of tasks is a system that seeks to redesign jobs, increasing motivation and job satisfaction among workers. Therefore, the main objectives of the enrichment of the tasks are:
Increase the effectiveness of work organization. Provide jobs that are stimulating for the person.The advantages achieved by implementing this system in the organization of the company are:
Feeling of satisfaction and motivation among workers: it breaks with the monotony and / or repetitiveness of the work. Workers are given a greater capacity for autonomy and responsibility in the tasks they carry out: as responsibility increases, workers may be encouraged to participate more frequently in decision-making, as well as in the solution of technical or organizational problems (proposals and suggestions). Better use of workers' capacities: with the new distribution of tasks, synergies may arise during collaboration between departments or even within the same. Improvement of personal relationships at work: greater collaboration during the performance of different tasks leads to increased communication and dialogue among all, thus achieving a better working environment. Greater involvement of workers: it is necessary that individuals know their role within the organization, the importance of the task they perform, as well as the results of it. Simplification of company structures: by redesigning jobs and their functions, a simplification of the organizational pyramid is achieved, resulting in a horizontal structure or flat organization. This allows workers to make their own decisions that report to a single manager, there is no intermediate link that limits the innovative capacity of the worker.When American servicemen occupied Japan following World War II, the Japanese watched the Americans playing baseball, appreciated the sport, and adopted it themselves. Today, baseball is one of the most popular sports in Japan. This adoption of baseball by the Japanese is an example of:
A. cultural diffusion.
B. discovery.
C. reformulation.
D. technological innovation.
Answer: (A) Cultural diffusion
Explanation:
The cultural diffusion is one of the important factor for the development of different types of culture as it improves the various types of social activities such as nationalities, ethnics and the religion.
By using the various factors such as trade, immigration and the travel influences the culture from one region to other cultural region.
According to the question, this type of adoption is the example of the cultural diffusion.
Therefore, Option (A) is correct.
The spread and adoption of baseball in Japan from America after the occupation by American servicemen in World War II is an example of cultural diffusion.
Explanation:The adoption of baseball by the Japanese is an example of cultural diffusion. This term refers to the spread of cultural beliefs, social activities, and ideas between individuals from different cultures. Following World War II, when the American servicemen occupied Japan, the Japanese started watching the Americans playing baseball and appreciated the sport, eventually adopting it themselves. Today, baseball is one of the most popular sports in Japan which is a direct outcome of cultural diffusion from American culture to Japanese culture.
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A practitioner is engaged to prepare a client's federal income tax return for 2013 and 2014. The practitioner files the 2013 return on the client's behalf. After the 2014 return is prepared, the client disputes the fees for the 2014 tax engagement, terminates the relationship, and requests all tax returns and related records. The client has not yet paid for preparation of the 2014 return. Under IRS Circular 230, which records must the practitioner return to the client?
a.Schedules the practitioner prepared, which the client needs to file in its 2014 federal income tax return.
b.The engagement letter executed by the client for preparation of the 2014 federal income tax return.
c.An appraisal the practitioner prepared in connection with the 2013 federal income tax return.
d.Notes the practitioner took when meeting with the client about the 2013 and 2014 tax returns.
Answer:
the correct answer is
c.An appraisal the practitioner prepared in connection with the 2013 federal income tax return.
good luck
The records that must be returned to the client under IRS Circular 230 are the schedules the practitioner prepared for the client to file in its 2014 federal income tax return. Therefore, the correct option is a. Schedules the practitioner prepared, which the client needs to file in its 2014 federal income tax return.
IRS Circular 230 dictates the ethical and procedural standards tax practitioners must follow when engaging with the Internal Revenue Service. According to the regulations, practitioners are obligated to furnish, upon request, any records of the client that are necessary for the client to comply with his or her federal tax obligations. This includes prepared documents like tax return schedules required for filing. The scenario indicates that while the practitioner has not been paid for preparing the 2014 return, the client’s right to receive the prepared schedules for filing the 2014 return exists independently of the fee dispute. Engagement letters, appraisal reports, and meeting notes do not fall within the scope of necessary documents for the client to file taxes, thus they are not required to be returned under these circumstances.
A fast-food restaurant serves the student community within a university campus. The restaurant newly introduces pocket-friendly combo meals in its menu. The meals become so popular that the rest of the items on the menu are rarely ordered. Which of the following is being exemplified in this scenario.
Answer:
These are the options for the question:
A. Segmentation
B. Cannibalization
C. Market penetration
D. Product bundling
And this is the correct answer:
B) Cannibalization
Explanation:
Cannibalization occurs when a newly introduced product reduces the market share of previous products.
In this case, the pocket-friendly combo meals have effectively made the rest of the menu unattractive to customers, it has cannibalized the other meals.
This effect is refer to as cannibalization, because as the original meaning refers to a hostile act withing the same species, in marketing, this effect occurs among products within the same company.
When one nation can produce a product at lower cost relative to another nation, it is said to have a(n) __________________ in producing that product.a. relative advantageb. absolute advantagec. economy of scaled. production efficiency
Answer:
absolute advantage
Explanation:
An absolute advantage is the ability of a company, country, business, or individual to produce similar quantities of goods or services using fewer inputs. A producer with an absolute advantage can manufacture a product using a lower cost, or more efficiently than competitors. It means they can avail the product to the market at a lower price than any other company or country.
Absolute advantage is the basis for international or regional trade. A firm or a country will specialize in producing products they can manufacture at a lower price and export them. Processing at a lower cost or efficiently gives a firm or country a big advantage in the market. Businesses prosper because they maximum in areas they have an absolute advantage.
A monopolistic competitive firm is currently charging a price of $10 and producing 12,000 units/month. It faces monthly fixed costs of $15,000 and has an average variable cost of $6/unit. In the long run, we would expect:
Answer:
either the selling price decreases or the total output decreases
Explanation:
The firm's income statement:
total sales revenue = $120,000
minus total variable costs = ($72,000)
minus total fixed costs = ($15,000)
net profit = $33,000
The long run equilibrium for a monopolistically competitive firm occurs when the firm is making no economic profit since it is charging a price = average total cost.
In this case the average total cost per unit = $6 per unit + ($15,000 / 12,000 units) = $7.25 per unit
Since the firm is currently charging a higher selling price than average total cost ($10 > $7.25), one or two things might happen in the long run:
selling price will decreaseoutput will decreasePeople with the ______ style of decision making are action-oriented and like to focus on facts. They also tend to be autocratic-type managers.
Answer:
analytical style of decision making
Explanation:
Analytical judgment-making refers to a strategy that only renders important company determinations with strong verifiable information in the side by a member or supervisor.
This approach compares with much more passive forms of leadership whereby managers use instinct or judgment to make certain choices. Although pragmatic executives profit from a systematic, measured approach, there are some disadvantages to this style as well.
Thus, from the above we can conclude that the given statement depicts analytical style.
Answer:
Directive
Explanation:
Reason: This statement refers to people with a directive approach to decision making. The behavioral decision-making style is the most people oriented of all the styles. It focuses on social interaction, support, and warmth when dealing with people.
On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $15,000; Accounts Receivable, $12,300; Supplies, $3,100; Land, $35,000; Accounts Payable, $8,700. What is the amount of owner's equity (John Wong’s capital) as of July 1 of the current year?
1. $65,400
2. $43,700
3. $32,100
4. $56,700
Answer:
4. $56,700
Explanation:
The accounting equation is:
Assets = Owner's Equity + Liabilities so,
if we want to know the owner's equity (OE), the formula should be
OE= Assets - Liabilitieslet's see the assets of the company:
Cash: $15,000; Accounts Receivable, $12,300;Supplies, $3,100;Land, $35,000Total Assets = $15,000+$12,300+$3,100+$35,000= $65,400
And the only liabilitie for the company is : Accounts Payable: $8,700
so, OE= $65,400 - $8,700 = $56,700
The amount of owner's equity for John Wong, DVM, is calculated using the accounting equation, resulting in $56,700 by subtracting liabilities from the total assets.
Explanation:To calculate the amount of owner's equity (John Wong’s capital) as of July 1 of the current year, we need to apply the accounting equation: Assets = Liabilities + Owner's Equity. For John Wong, DVM, the assets and liabilities are given as follows:
Cash: $15,000Accounts Receivable: $12,300Supplies: $3,100Land: $35,000Accounts Payable (Liability): $8,700Adding up all assets (Cash + Accounts Receivable + Supplies + Land) gives us a total of $65,400. We then subtract the total liabilities (Accounts Payable) from the total assets to find the owner's equity.
To summarize the calculation:
Total Assets = $65,400Total Liabilities = $8,700Owner's Equity = Total Assets - Total LiabilitiesOwner's Equity = $65,400 - $8,700Owner's Equity = $56,700Therefore, the amount of owner's equity is $56,700, which corresponds to option 4.
A bank pays "interest" (the rental price paid for use of the money) on savings accounts, CD’s and on some types of__________________..
Answer and Explanation:
Checking accounts.
Bank pays interest on savings account, certificate of deposits and checking accounts. These pay may vary but are paid by the bank to their client. Percent of interest is set by the central bank or the state bank of the country.