Protectionism refers to government policies that restrict international trade to help domestic industries.
Protectionist policies are generally implemented with the goal of improving economic activity within a national economy,but they can also be implemented for safety or quality concerns.Typically,although the added costs to consumers of a given product are high on the whole,they are quite trivial for most individual consumers.The US restricts foreign companies from transporting cargo between two US cities.One problem with import restriction in terms of job creation is that other countries may have their own restrictions in place. New trade tariffs from a major country have typically resulted in a swift crackdown,sometimes leading to more job losses than gains in industries protected by new restrictions.A quota is a government-imposed trade restriction that limits the quantity or monetary value of goods that a country can import or export during a given period.Countries use quotas in international trade to help regulate the volume of trade between them and other countries.
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suppose that econotopia produces two goods (a and b) under conditions of constant opportunity costs. given its resources, the maximum a that it can make is 229 units, and the opportunity cost of making one additional b is 1.8 units of a. what is the maximum amount of b that econotopia can produce? round to two decimal places.
The opportunity cost is the price of the next best choice that must be foregone in order to engage in a specific activity.
In the context of production possibilities, opportunity cost is the amount of one good that must be sacrificed in order to produce an additional unit of the other good. This concept is important because it helps us understand the trade-offs that exist when resources are scarce. In the case of Econotopia, we know that it produces two goods (A and B) under conditions of constant opportunity cost. This means that the opportunity cost of producing an additional unit of B is always the same, regardless of how many units of B have already been produced. We also know that the maximum amount of A that can be produced is 229 units. the opportunity cost of producing one additional unit of B remains constant at around 0.5556 throughout the production possibilities curve. This tells us that the production possibilities curve is a straight line, and the slope of the line represents the opportunity cost of producing B. The opportunity cost of producing an additional unit of B is the amount of A that must be given up. This can be calculated by looking at the difference in the amount of A produced between two adjacent points in the table, divided by the difference in the amount of B produced between those points. For example, the opportunity cost of producing the first unit of B is:
Opportunity Cost of 1st unit of B = (229 - 228) / (1.8 - 0) = 1 / 1.8 = 0.5556
The maximum amount of B that Econotopia can produce occurs at the point where all of the resources are being used to produce B, and no A is being produced. This occurs at the last point in the production possibilities table, where 229 units of A are being sacrificed to produce 410.2 units of B. Therefore, the maximum amount of B that Econotopia can produce is 410.2 units.
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total product cost and per-unit product cost slapshot company makes ice hockey sticks. last week, direct materials (wood, paint, kevlar, and resin) costing $26,000 were put into production. direct labor of $20,000 (10 workers x 100 hours x $20 per hour) was incurred. manufacturing overhead equaled $65,000. by the end of the week, the company had manufactured 10,000 hockey sticks. required: 1. calculate the total product cost for last week. fill in the blank 1 of 1$ 111,000 2. calculate the per-unit cost of one hockey stick that was produced last week. round your answer to the nearest cent. fill in the blank 1 of 1$ 11 per unit
Total product cost refers to the total cost incurred in the production of a specific quantity of goods or services, including direct materials, direct labour, and manufacturing overhead costs. This cost includes all expenses related to the production process, from the purchase of raw materials to the completion of the finished goods.
Per-unit cost, also known as unit cost, refers to the cost of producing one unit of a product. This cost is calculated by dividing the total product cost by the number of units produced. Per-unit cost is an essential metric for businesses because it helps determine the price at which a product must be sold to make a profit. It also helps businesses evaluate their pricing strategy, and production costs, and identify areas for cost reduction.
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mary beth is considering accepting some additional contract work. she is trying to evaluate whether the compensation for the job is worth the effort. which tax rate should she use to calculate her after-tax proceeds of accepting the job? multiple choice question. effective tax rate
To calculate Mary Beth's after-tax proceeds from accepting additional contract work, she should use her marginal tax rate.
The marginal tax rate is the tax rate that applies to the next dollar of income she earns. It takes into account the fact that as Mary Beth earns more income, she may move into a higher tax bracket, which would increase the amount of tax she pays on her additional income.
By using her marginal tax rate, Mary Beth can calculate the after-tax amount of compensation she would receive from the additional contract work. This will help her evaluate whether the compensation is worth the effort, taking into account the tax implications.
It's important to note that the marginal tax rate may be different from the effective tax rate, which is the total amount of tax paid as a percentage of total income. The effective tax rate is useful for understanding Mary Beth's overall tax burden, but it may not accurately reflect the impact of additional income on her tax liability.
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If a casual restaurant in a mid-sized hotel forecasts 100 covers, based on 5 servers working 6 hours each at a rate of $2.13/hour, 2 server assistants working 7.5 hours at a rate of $7.50/hour and 1 host working 4 hours and 1 host working 6 hours at a rate of 10.00/hour, the labor cost for the day
The labor cost for the day 100. The total amount that an employer spends on paying employees' salaries, benefits, taxes, and insurance is referred to as labor cost.
What is labor cost?The sum that a company must spend to cover an employee's salaries, benefits, and associated payroll taxes and benefits is known as the cost of labor. The direct and indirect costs that a firm pays for labor are calculated using the crucial value of labor cost by finance and accounting experts.
On financial reports, the terms "cost of labor" and "labor cost" are interchangeable financial terms. The overall cost of employee compensation and benefits is determined by this number.
Hour Rate Wage
Host(1) 4 10 40
Host(2) 6 10 60
Total wages 100
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The best measure of long-run economic growth adjusts
A. nominal GDP for inflation and population.
B. nominal GDP for inflation.
C. nominal GDP for population.
D. real GDP for the base year.
Real GDP per capita is the best indicator of long-run economic growth.
What is real and nominal GDP?Nominal GDP is a measurement of a country's economic output that is not adjusted for inflation and is calculated by valuing goods and services produced at current market prices. Real GDP, on the other hand hand, is adjusted for inflation and reflects changes in purchasing power over time. It is calculated by valuing products and services produced at constant prices beginning with a base year. Real GDP is a more accurate measure of a country's economic growth because it eliminates the effect of price changes on the value of goods and services. Nominal GDP is useful for determining the value of economic activity in current dollars, whereas real GDP allows for meaningful comparisons over time.
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a change in quantity supplied is represented by a movement along the supply curve. question content area bottom part 1 true false
It is true that a shift along the supply curve corresponds to a change in the quantity delivered.
The supply curve shows how the cost of a good or service relates to how much is provided over a certain length of time. In a typical situation, the price will be displayed on the left vertical axis and the quantity delivered will be displayed on the horizontal axis.
The supply curve, which increases from left to right, expresses the law of supply: The supply grows when the cost of a certain product increases (all else being equal).
For the majority of supply curves, the quantity supplied increases as the cost of the commodity decreases.
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the federal government placed an upper limit on human organ prices, which is called a multiple choice none of the choices are correct. price support. price floor. price ceiling.
The options are all incorrect. The situation given is an illustration of a price ceiling, which is a governmental restriction on the maximum price that may be demanded for a certain commodity or service.upper limit
An upper limit is the highest point that a certain number or measurement may reach. A government or regulatory agency placing a limitation on the price of a certain commodity or service is known as imposing an upper limit in economics. We call this a price ceiling. A price cap's usual goal is to shield customers from exorbitant costs, especially when supply is constrained and demand is strong. Price caps can, however, also have unfavourable effects including shortages, underground markets, and diminished supplier incentives. As a result, price caps are frequently discussed and can be divisive in some sectors.
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knightmare, incorporated, will pay a dividend of $7.15, $9.95, and $13.15 per share for each of the next three years, respectively. the company will then close its doors. investors require a return of 11.4 percent on the company's stock. what is the current stock price?
According to the aforementioned question we have only the stock's current price of $23.95.
What makes it a firm, and why?An organization is referred regarded be a business since its employees desire to generate value. The word "generate," which meaning to push forth or push forth, has a Latin origin.
Old French, where the words "campaigned" and "companionship" are synonymous, is where the word "company" first appeared. Old English roots for the word "business" combine bustling and -ness.
For the following three years, Knightmare, Inc. will pay dividends of $7.15, $9.95, and $13.15 per share; the stock is now trading at
cash flow 1 = $7.15
cash flow 2 = $9.95,
cash flow 3 = $13.15
discount rate = required rate of return = 11.4 %
The share value =
[tex]\mathrm{\dfrac{ CF_1}{(1+r) } + \dfrac{ CF_2}{(1+r)^2 } + \dfrac{ CF_3}{(1+r) ^3} }[/tex]
Put the values in the formula and we get:
[tex]\dfrac{\$7.15}{(1 + .114)} + \dfrac{\$ 9.95}{(1 + .114)^2} + \dfrac{ \$13.15}{(1 + .114)^3} = \$23.95[/tex]
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helen views raspberries and blackberries as perfect complements. initially, she buys five pints of each this month. suppose that the price of raspberries falls while the price of blackberries rises such that the bundle of five pints of each lies on her budget line. does her optimal bundle change? explain.
Helens' optimal bundle will remain unchanged. It will remain unchanged even when the price of raspberries falls while the price of blackberries rises such that the bundle of five pints of each lies on her budget line.
Helen’s indifference curves are right angles. If her new budget line passes through her original consumption bundle, then points on higher indifference curves are unattainable. Furthermore, at the corner of a right angle, no substitution is possible, so Helen will not substitute raspberries for blackberries. Therefore, after the price changes, Helen’s optimal bundle will remain unchanged because she’ll continue to consume raspberries and blackberries in equal proportions. After the price changes, Helen’s optimal bundle will remain unchanged because she’ll continue to consume raspberries and blackberries in equal proportions.
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Answer:
Yes, Helen's optimal bundle will change. If the price of raspberries falls and the price of blackberries rises, it may become more cost effective for her to buy more raspberries and fewer blackberries in order to stay on her budget line. This means her optimal bundle will be different from what it was before the prices changed.
2 a chocolate company is preparing to offer a new product in its candy offerings, the minty dark chocolate bite bar. material costs for this new candy bar are $0.25 for chocolate, $0.02 for sugar, and $0.03 for mint flavoring. labor costs per bar is $0.15. adding a production line devoted to the new candy wil cost $250,000 per year. (6 pts) a) if the sales price is $1.40 per bar, how many bars per year they need to make to break even? assume all bars are sold at full price. b) what is the company profit or loss if they make and sell 270,000 candy bars the first year at $1.40 per bar? c) about 20% of the food consumed in the u.s. is imported. production in many industries has been offshored. what ethical issues do companies face when presented with the decision to move operations?
a) To break even, the total costs of producing the new candy bar must be equal to the total revenue generated by selling the bars.
Total cost per bar = material costs + labor costs + (annual production line cost / number of bars produced per year)
Total cost per bar = $0.25 + $0.02 + $0.03 + $0.15 + ($250,000 / x)
Total revenue per bar = sales price per bar = $1.40
To break even: Total cost per bar * x = Total revenue per bar * x
($0.25 + $0.02 + $0.03 + $0.15 + ($250,000 / x)) * x = $1.40 * x
Solving for x, we get:
$0.45x + $250,000 = $1.40x
$0.95x = $250,000
x = $250,000 / $0.95
x = 263,157.89
Therefore, the company needs to make and sell at least 263,158 candy bars per year to break even.
b) Profit = Total Revenue - Total Cost
Total revenue = $1.40 * 270,000 = $378,000
Total cost = ($0.25 + $0.02 + $0.03 + $0.15 + ($250,000 / 270,000)) * 270,000 = $321,000
Profit = $378,000 - $321,000 = $57,000
Therefore, the company will make a profit of $57,000 if they make and sell 270,000 candy bars in the first year.
c) When companies face the decision to move operations, there are several ethical issues they may encounter. Some of these issues include:
Impact on employees: Offshoring or moving operations can lead to job losses for employees in the home country. Companies have a responsibility to consider the impact on their employees and find ways to mitigate any negative consequences, such as offering retraining programs or severance packages.
Impact on the community: Companies also have a responsibility to consider the impact on the communities where they operate. Moving operations to another country can have a significant impact on the local economy, and companies need to ensure that they are not contributing to economic instability or other negative consequences.
Environmental impact: Companies have a responsibility to minimize their impact on the environment. Moving operations to countries with lower environmental standards can result in increased pollution and other negative environmental consequences.
Ethical business practices: Companies have a responsibility to ensure that their operations are conducted in an ethical and socially responsible manner. Moving operations to countries with lower labor or human rights standards can raise ethical concerns.
Overall, companies need to balance the potential benefits of moving operations with their ethical responsibilities to employees, communities, and the environment. They should also ensure that their actions align with their values and mission as a company.
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Which of the following is one of the main benefits that FDI provides to the home country?A) The home country's balance of payments benefits from the inward flow of foreign earnings.B) FDI benefits the home country by substituting domestic production.C) FDI increases employment in the home country in the short run.D) The balance of payments position improves from the initial capital outflow required to finance the FDI.E) The demand for exports from the home country will reduce in the long run.
The main benefits that FDI provides to the home country was the balance of payments benefits from the inward flow of foreign earnings.
What is production?Production is the process of mix up multiple inputs, both incorporeal (such as plans or information) and substance (such as metal, wood, glass, or polymers). In a perfect world, this output would be a production or employment that is useful to people and has value.
As the benefits of the FDI is referring as, the improvement of human plusses, especially if there is transfer of training, application and best practices. The workers, also known as the human capital, are provided adequate training and accomplishments.
Therefore, The right option (A) is correct.
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if a process is repeated and adjusted and improved with those repetitions, it is called_________
If a process is repeated and adjusted and improved with those repetitions, it is called "Iterative".
Explain iterative process?An iterative process is a method of problem solving or advancement in which the solution or output is refined over a number of iterations or cycles. A starting point is recognised and improved through such a series of small, incremental changes in this process. Each iteration's output is analysed and used to apprise the next cycle, resulting in a gradual advancement in the final solution or output. Iterative processes are widely used in application development, design, project management, and other sectors where complex problems necessitate a flexible and responsive approach to achieve the best possible solution.
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which should be the first step hr includes in the project plan to meet hiring needs and contract requirements?
The first step the Human Resource director includes in the project plan is to meet hiring needs and contract requirements - Develop a recruiting strategy to reach as many potential applicants as possible (i.e. Option D)
The HR director shows Critical Evaluation competency by first fostering an enrollment methodology to arrive at an enormous gathering of candidates.
A, B, and C are not the right responses. These exercises might be remembered for the enrolling and onboarding procedure.
Human resources (HR) is the division of a business that is accused of finding, screening, enlisting, and preparing position candidates. It additionally manages worker benefit programs.
HR assumes a key part in assisting organizations with managing a quickly changing business climate and a more noteworthy interest in quality employees in the 21st 100 years.
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Complete Question -
Which should be the first step the HR director includes in the project plan to meet hiring needs and contract requirements?
Answers
A. Offer the 35 qualified employees incentives for referring additional qualified applicants.
B. Determine the format and evaluation method for the interviews.
C. Prepare an onboarding process to introduce new employees to the contract.
D. Develop a recruiting strategy to reach as many potential applicants as possible.
operational strategies in manufacturing to improve efficiency is typically classified at which strategy level?
Operational strategies in manufacturing to improve efficiency are typically classified at the operational strategy level.
What is Operational strategy?The method a business uses to manage its ongoing operations in order to accomplish its long-term objectives is known as an operational strategy.
The pattern of strategic decisions and actions that define the purpose, goals, and activities of an operation is known as its operations strategy.
The tools used to produce goods and services are operations. Operational, which means daily and specific, is the antithesis of strategy. Operations can be studied from both a tactical and a strategic perspective. It is also customary to make a distinction between the operations strategy's method and substance.
Therefore, Operational strategies in manufacturing to improve efficiency are typically classified at the operational strategy level.
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Capital One assessed the need for stress management interventions using a
Multiple Choice
training intervention.
job report.
stress audit.
sabbatical intervention.
coping analysis.
Capital One determined whether stress management strategies were necessary using a multiple choice training intervention. Sabbatical, stress evaluation, and work report.
What needs to be determined regarding its meaning?
Determined refers to being steadfast in one's choice or course of action, especially with the intention of reaching a specific objective. Someone who is committed to completing a task is highly driven and unlikely to give up or change their mind. In general, someone who is determined has a strong drive to accomplish their goals.
People who are determined are typically highly motivated and laser-focused on their goals. They retain a resilient mindset and persevere in order to succeed, despite any obstacles or difficulties.
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a $700 deposit made into the business' bank account is listed on the bank statement as $70. on a bank reconciliation, this will appear as a(n) .
When a $700 deposit made into the business' bank account is listed on the bank statement as $70, this will appear as an outstanding deposit on a bank reconciliation.
A bank reconciliation is a process of matching the transactions recorded in a company's bank statement with the transactions recorded in its accounting records to ensure that they are in agreement.
In this case, the $700 deposit was made into the company's bank account but has not yet been reflected in the bank statement. As a result, the deposit will be listed as an outstanding deposit on the bank reconciliation until it is reflected in the bank statement. The outstanding deposit will increase the company's bank balance by $700.
When the bank statement is updated to reflect the $700 deposit, the deposit will no longer be considered an outstanding deposit and will be added to the bank statement balance on the bank reconciliation. The bank statement balance will be increased by $70, which is the amount that was initially listed on the bank statement. The accounting records will need to be updated to reflect the correct deposit amount of $700.
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suppose the government is considering levying a tax in one or more of the markets described in the table. which of the markets will allow the government to minimize the deadweight loss(es) from the tax? group of answer choices market a only markets a and c only markets b and d only market c only
The markets that will allow the government to minimize the deadweight loss(es) from the tax are: Markets B and D only.
An economic system known as a market economy is one in which the interactions of a nation's individual citizens and businesses determine economic policy and how much goods and services will cost.
Despite the possibility of parties exchanging goods and services through barter, the majority of markets rely on sellers providing their products or services to customers in exchange for money.
Market economies come in a variety of forms, from minimally regulated free-market and laissez-faire systems, where state activity is limited to providing public goods and services and protecting private ownership, to interventionist forms, where the government actively participates in resolving market inefficiencies and fostering social relationships.
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Note that the full question is:
Market Characteristic
A Demand is very elastic relative to supply.
B Demand is very inelastic relative to supply.
C Supply is very elastic relative to demand.
D Supply is very inelastic relative to demand.
Refer to Table 8-1. Suppose the government is considering levying a tax in one or more of the markets described in the table. Which of the markets will allow the government to minimize the deadweight loss(es) from the tax?
what is the length of the cash conversion cycle for a fir with $3 million in inventory, $1.5 million in accounts payable, a collection period of 40 days
The cash conversion cycle (CCC) is a metric that measures the time it takes for a company to convert its investments in inventory into cash from sales.
The CCC is calculated as the sum of the inventory conversion period, accounts receivable collection period, and the accounts payable payment period. Given the information provided, the inventory conversion period is 365 days, the accounts receivable collection period is 40 days. However, the accounts payable payment period cannot be calculated with the information provided. Therefore, the CCC can be calculated as 365 + 40 - Accounts Payable Payment Period. The exact length of the CCC will depend on the company's specific payment terms and cash flow.
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1. Quantitative technique complements the experience and judgment of an executive in decision making they do not and cannot replace it. Discuss
Quantitative methods support an executive's experience, judgment, and decision-making. They can neither replace it nor do they. In the perspective of the current corporate landscape, discuss the statement.
Which theory addresses the application of quantitative methods to enhance decision-making?Cost-Benefit Evaluation Cost-benefit analysis is a method for making decisions using numbers. It is a mathematical method for assessing the financial costs social advantages of a given course of action.
Quantitative procedures are those that offer the decision maker a systematic and effective way to conduct analysis and support the exploration of strategies for reaching predetermined goals based on quantifiable data.
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A building that is designed and equipped with machinery for manufacturing textile products are called: _______
A textile mill or textile factory is a structure that is built and furnished with equipment for producing textiles. A structure built with machinery for the production of textile products is known as a textile mill.
A textile mill is a place of business where textile items are manufactured using specialised tools and machines. The earliest known textile factory was founded in England in the late 16th century, beginning a long history of textile mills. Modern textile mills are outfitted with cutting-edge machinery and technology to produce a variety of items, including fabric, apparel, and other textile goods. A textile mill's machinery normally consists of spinning, weaving, and finishing machines, as well as additional dyeing, printing, and cutting tools. Many economies depend heavily on the textile industry, which also provides a huge number of workers with a valuable source of employment.
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if the inflation index for earnings at the 1st quarter (before resetting) was 120, what would the equivalent 2nd quarter figure be? ethiopian economic summary
Where it states "inflation index" , it should read "price index." Let X represent the cost of a basket of groceries at the time.
What are the figures for Ethiopia's inflation rate?
Ethiopia's annual inflation rate decreased from a six-month high of 35.1% in November 2022 to 33.8% in December 2022. Due to lower costs for most cereal items, edible oil, meat, milk, and eggs, food inflation decreased slightly (to 32.9% from 34.2% in November). As assessed by the yearly change in the price index for personal consumption expenditures, the Federal Open Market Committee (FOMC) believes that inflation of 2% over the longer run is most compatible with the Federal Reserve's mission for maximum
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Ralph Chang purchases a scanner for $85.85, 12 boxes of toner at $14.55 each, 24 ballpoint pens at $1.14 each, 2 boxes of memo pads at $4.19 a box, 12 report covers at $2.89 each, and an extension cord for $25.95 at Ned's Office Store in Los Angeles. The sales tax rate is 8.25% What are the (a) total selling price (b) sales tax and c) total purchase price?
Purchasing is the buying of goods or services.
What is the meaning of Services?Activities that benefit a business without delivering physical items are referred to as business services. These services could include waste management, event planning, marketing, and other forms of intangible services that are advantageous to the business.
The provision of labor, time, or effort, or indeed any combination thereof, without regard to the delivery or ownership of a specific end product or items, or a manufacturing process, is referred to as providing a service or services.
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What is true about informational interviewing?
A. It’s used to gather information, not ask about current or future job openings.
B. Interview questions should only include asking about upsides and benefits of the career.
C. A benefit from conducting informational interviews is that it helps expand your network.
D. Typically, job seekers will interview three people in three completely different career fields.
The truth about informational interviewing is that all of the options are correct
What is meant by informational interviewing?All of the statements are true about informational interviewing:
A. It’s used to gather information, not ask about current or future job openings.
B. Interview questions should only include asking about upsides and benefits of the career. (This is not a requirement, but can be a part of the discussion in informational interviewing.)
C. A benefit from conducting informational interviews is that it helps expand your network.
D. Typically, job seekers will interview three people in three completely different career fields. (This is not a strict requirement, but conducting informational interviews with people in different fields can give a broader perspective and more diverse information.)
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what are some advantages and disadvantages of a government continuing to issue paper currency in the face of widespread financial innovation?
Answer:
Some of the advantages of a government continuing to issue paper currency in the face of widespread financial innovation include increased trust and confidence in the currency, a sense of security for citizens and businesses, and regulation of the financial system. Disadvantages include the cost of printing and maintaining paper currency, the risk of counterfeiting, and the difficulty of tracking the circulation of paper currency. Additionally, paper currency may not be able to keep up with the speed of modern financial transactions, and its use may hinder the development of new and innovative financial technology.
a 10-year treasury note as a face value of $1,000, a price of $1,200, and a 7.5% coupon rate. based on this information, we know the
A $1,000 face value, $1,200 price, and 7.5% coupon rate on a 10-year Treasury note. Using this data, we can determine that this bond's coupon payment is $75.
A Treasury note is what?A commercial U.S. government debt product having a set interest rate and a term between three and 10 years is known as a Treasury note (abbreviated T-note). The government will sell you Treasury notes in either a competing or noncompetitive offer.
Is it wise to invest in treasury notes?Since they are completely guaranteed by the U.S. government, Treasury bonds are regarded as low-risk securities that are typically threat when held to maturity. Treasury bonds yield less than higher-risk investments like equities.
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How would you know that the certain cost is direct or indirect cost?
Indirect costs are those associated with sustaining and running a business, whereas direct costs are those that can be linked to a specific product.
Costs are direct costs. A company may easily connect to a specific "cost item," which could be a project, department, or item. This category might include equipment, raw materials, and tools. It may also require labour as long as the labour is specific to the component, division, or project.
Indirect costs, which go beyond the expenses you pay when manufacturing a product, include the costs related to maintaining and managing a firm. These overhead costs are what remain after direct expenses have been estimated.
For instance, the labour for a project is a direct expense if a person is employed to work on it entirely or for a specified amount of hours. Direct expenditures are incurred when your business creates software and requires certain resources, such as acquired frameworks or development tools.
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angeline is preparing an oral presentation about the need for an alternative to the town landfill. what is the best technique or strategy she can use to motivate and inspire her audience to take action?
In order to underline her call for action, she can employ repetition at the end of her speech.
What is a verbal presentation? How can an oral presentation be made effective?There are normally three crucial steps in oral presentations: Planning, practicing, and presenting are the first two steps. Plan carefully before giving an oral presentation. According to academic studies, the planning stage is where about 50% of all oral presentation errors actually occur (or rather, lack of a planning stage).
Which three goals do oral presentations mostly serve?All speeches generally serve the three objectives of entertaining, persuading, and informing.
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an economic model should include all possible details. an economic model should never use simplifying assumptions. an economic model should make clear assumptions. an economic model always accurately predicts cause and effect.
Option (c), A clear set of assumptions should be included in an economic model before proceeding.
What underlying assumptions does an economic model contain?People have understandable, value-related preferences for specific outcomes. In order to maximize their utility, both consumers and enterprises (as producers). Individuals make their own decisions based on complete and relevant information.
When forecasting using an economic model, what premise is essential?When building economic models, economists frequently employ a combination of finite and unlimited resources as their underlying premise. As outcomes that can be connected to a particular value, people's justifiable behaviors are also taken into consideration.
Why do economic models employ assumptions?Economists use assumptions in economic models for a variety of reasons, including the fact that it helps to simplify analysis and make the complex less daunting. Assumptions highlight the problem that is being investigated. Aid economists in quantifying effects using math.
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The correct question is:
Which of the following statements about an economic model is true?
Multiple Choice
an economic model should include all possible details. an economic model should never use simplifying assumptions. an economic model should make clear assumptions. an economic model always accurately predicts cause and effect.The two types of control procedures are preventive and. detective. What item is not included in cash?
The other type of control procedure is corrective. Cash items typically include physical currency, coins, checks, money orders, and electronic transfers that are immediately available for use as cash.
Corrective is the word that would finish the statement. Whereas investigative control procedures are used to spot mistakes or fraud after they have already happened, preventive control procedures seek to stop errors or fraud from happening in the first place. Regarding the second query, cash is commonly described as the amounts stored in bank accounts that are eligible for rapid withdrawal, such as checking accounts, as well as actual money, such as notes and coins. Non-cash goods, including checks, money orders, and credit card transactions, are not regarded as cash.
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describe two examples of how an information system improved the efficiency or effectiveness of a business process. be specific.
An organization's decision-makers can make better decisions for the business with the use of information systems. Due to its availability of up-to-date information, historical context, and trend analysis, information technology aids in gathering prepared data on all facets of the organization.
How can information systems benefit businesses?Information systems assist you in making better decisions, generating new revenue streams for your company, managing your organization effectively, and promoting your items more successfully.
What are the two advantages of implementing information systems to support strategy?Information systems also have other benefits.
cost savings supplying information to those who make decisions. superior client service. continual accessibility of the systems.
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