The difference between economic and non-economic activities can be drawn clearly on the following grounds:
An activity related to production and consumption of goods and services for economic gain is known as economic activities. An activity performed gladly, with the aim of providing services without any regard to monetary gain is known as the non-economic activity.Economic activities are performed for economic motive, i.e. earning profit. On the other hand, non-economic activities are performed due to social or psychological reasons, i.e. out of love, affection etc.The measurement of economic activities is in monetary terms, whereas non-economic activities lack money measurement.Economic activities have a pragmatic approach, in essence, it deals with things in a practical way. As against this, non-economic activities have an idealistic approach wherein more importance is given to human values instead of money.Economic activities result in creation and accumulation of wealth as they are done to earn profit. Unlike non-economic activities which result in mental satisfaction and happiness.Economic activities are very important for the economy as they add value to the country’s gross domestic product (GDP). As opposed to non-economic activities, which have no influence over country’s national income.Dillards buys finished products and sells them for a profit to its customers. Dillards is a part of which type of market
The market consisting of wholesalers and retailers who buy products for resale purposes.
Dillards is a part the Reseller market.
What type of business is a reseller?A reseller business allows you to resell products bought from manufacturers to customers. The reseller dropship business model is affordable, making it a great option for new entrepreneurs. As a reseller, you're essentially the middleman between the manufacturer and customers.
What are resellers examples?Most resellers are retail organizations. These include grocery stores, department stores and specialty stores, such as home improvement or pet supply stores. There are many different types of retailers, from Wal-Mart to Macy's to the boutique on Main Street.
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The curve most economists use to follow the relationship between the interest rates and bonds' time to maturity is the:
Precious gems are an important natural resource of ________. Paraguay Brazil Mexico the Dominican Republic
Answer:
Brazil
Explanation:
Explain the term economic activity
Answer:
Economic activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity. Economic activities exist at all levels within a society.
Explanation:
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When money is acting as a store of value, it allows an individual to.
Answer:
Transfer dollars, and therefore purchasing power, into the future
Explanation:
Taxes represent __________ of the business. Multiple Choice an equity liability a cash inflow a cash outflow an accounts receivable liability
The taxes that are being paid by a business firm represents: C. a cash outflow.
Taxation can be defined as the involuntary and compulsory fees that are usually levied on individuals or business firms (entities) by the government, so as to generate revenues which are used in funding public institutions and activities.
Basically, these taxes that are being paid by individuals or business firms (entities) is considered as a cash outflow because it represents money that are flowing out of their accounts.
In conclusion, an amount of money that is flowing out of an account such as taxes is referred to as a cash outflow.
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For a single-price monopoly, marginal revenue is ________ when demand is elastic and is ________ 20) when demand is inelastic.
According to macroeconomic theory, for a single-price monopoly, marginal revenue is positive when demand is elastic and is negative when demand is inelastic.
When the demand is elastic, reducing the price and selling more units results in total revenue increasing.
Therefore, to make this valid, Marginal Revenue must be greater than 0.
On the other hand, when demand is inelastic, reducing the price and selling more units decreases total revenue.
Thereby, to make this valid, Marginal revenue must be less than 0.
Hence, in this case, it is concluded that the correct answer is positive and negative, respectively.
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an example of a non-pecuniary job characteristic is
Answer:
A comfortable work environment.
Explanation:
according to the behavioral approaches to leadership, how should companies create effective managers?
For companies to create effective managers, companies should: Train managers on task and relationship management.
An effective manager is someone who has the best interest of the company on mind and who has the skills to get things done.
For a manger to be effective it means such manager is task oriented and such person is more concerned on how he or she will more productive and efficient so as to accomplish their task.
Manager should have relationship management skill to build rapport with people or to relate with people regardless of their ethnics, sex, religion.
Inconclusion effective managers should be train managers on task and relationship management.
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According to recent research, 91 percent of businesses with 11 or more employees and 50 percent of those with 10 or fewer employees said they had a CRM system already in place, which represents impressive growth in usage over previous years.
brenda apologized to kordell for an e-mail that upset him. she said she had chosen an inconsiderate way of stating her idea, and that she’d be happy to discuss it further. brenda is:
The behavior or disposition displayed by Brenda that was described above shows consideration behavior, therefore, Brenda can be said to be: expressing consideration behavior.
Consideration behavior can be described as exhibiting a friendly and supportive disposition by considering the interests of others. It also entails effectively communicating openly with others, having respect of their ideas and showing concern for their feelings.
Thus, the behavior or disposition displayed by Brenda that was described above shows consideration behavior, therefore, Brenda can be said to be: expressing consideration behavior.
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Explain the term economic activity
Answer:
1] Income Generation. All economic activities will generate some form of income. It is not compulsory that such income...
Explanation:
An individual bank can safely lend an amount equal to its excess reserves, but a commercial banking system can lend _____.
An individual bank can safely lend an amount equal to its excess reserves, but a commercial banking system can lend greater than its excess reserves.
It should be noted that a single bank may not lend money more than the amount that it has in its excess reserves. This is different from the commercial banks that lend more than what they've in their reserves.
An individual bank can safely lend an amount equal to its excess reserves because it's typically difficult for individual banks to keep reserves as per the legal reserve requirements.
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Reuben Garza just graduated from high school and had begun a five year apprenticeship as a machinist. His starting wage ... https://brainly.com/question/25586250
Answer:
https://brainly.co a separate Word or PowerPoint document containing the time line. If your tim
Explanation:
and had begun a five year apprenticeship as a machinist. His starting wage ... https://brainly.com/question/25586250
The _____ established a minimum wage and overtime pay for employees working more than 40 hours a week.
According to the historical and information record, the Fair Labor Standards Act of 1938 established a minimum wage and overtime pay for employees working more than 40 hours a week.
Fair Labor Standards Act of 1938 was made to improve the working conditions of employees and also protect their rights against exploring employers.
The Fair Labor Standards Act of 1938 established standards on minimum wage, working hours, and oppressive child labor.
Hence, in this case, it is concluded that the correct answer is the "Fair Labor Standards Act of 1938."
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if you are married with young children and make $75,000 per year, how much term life insurance should you have?
Answer:
you'd buy $1,275,000 in life insurance. With this amount of coverage, your beneficiary should be able to replace your income with interest and dividends earned from investing the life insurance proceeds make sure it covers 10 or 12 x more then whats already covered
Explanation:
Make a Claim
Dana needs to use the information from her 1098-T form to determine if
she qualifies for a tax credit. If information is missing on her 1098-T form,
leave the matching input field blank.
Input amounts from the 1098-T form into matching tax preparation software fields.
Answer:
1545-1574 for the empty boxes
Explanation:
Answer: Leave box number 4 blank
Explanation: The directions say to leave certain boxes blank if the answer isnt in the form
What is a What? Its a trick question
The number of shares issued represents the number of shares ______. Multiple choice question. the company is allowed to sell sold less repurchased sold repurchased
Answer:
sold
Explanation:
Yankee Candle sells 500 candles in a week for a price of $10 each and the average cost of producing each candle is $5. Yankee Candle's total revenue is
Answer:
Explanation:
2500
The process of measuring marketing results and adjusting the marketing plan as needed is called marketing ________.
Answer:
a new Long income in market to get a new meal
The balance in the accumulated depreciation account represents the:
a commuter railway has 800 passengers per day and charges each one two dollars per day. for each 1 cents that the fare is increased, 5 fewer people will go by train. what is the greatest profit that can be earned?
The biggest profit that can be made is $ 4,050 with 450 passengers.
To know how many passengers the train needs to obtain the greatest profit, it is necessary to carry out the following operation.
Subtract 5 passengers from the total passengers, and then multiply the result by $ 2.1 as shown below:800 - 5 = 495795 x $ 2.1 = $ 1,680This operation must be carried out repeatedly, decreasing by 5 passengers and increasing the value of the railway ticket by $ 0.1.
The highest value of gain that can be found with this procedure is as follows:
800 - 350 = 450450 x $ 9.0 = $ 4,050.Learn more in: https://brainly.com/question/14918190
If the U.S. dollar appreciates, an MNC's: a. exports denominated in foreign currencies will probably increase. b. U.S. sales will probably decrease. c. interest owed on foreign funds borrowed will probably increase. d. exports denominated in U.S. dollars will probably increase. e. All of these choices are correct.
Most likely when the U.S. dollar appreciates, the MNC's interest owed on foreign funds borrowed will probably increase.
MNC refers to Multinational corporation .
The Multinational corporation are known to borrow from foreign bodies in dollars. Hence, when the dollar appreciates, the amount owed to the foreign bodies will increase consequently.Therefore, the Option C is correct because the MNC's interest owed on foreign funds borrowed will probably increase when U.S. Dollars appreciates.
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a company selling goods subtracts select from sales to determine gross profit.
A company selling goods subtract cost of goods sold from sales to determine gross profit.
Cost of goods sold has to do with the costs of manufacturing a products such as:
Direct material costDirect labor costIn order for a company to know or determine their gross profit for a particular period they will have to deduct their sales from the cost of goods sold.
The formula to determine gross profit is:
Gross profit=Sales -Cost of good sold
Inconclusion a company selling goods subtract cost of goods sold from sales to determine gross profit.
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The United States, making up less than 5 percent of the world's population, uses more than ___ of the world's commercial energy production.
Despite that the country takes less than 5% of world population, it accounts for more than two-third of the world's commercial energy production.
The use of commercial energy production in this context entails use of resources like electricity, coal, advanced petroleum products, nuclear materials etc
These resources are in massive use in United States for generation of electricity, agricultural, transportation, commercial development etc
Therefore, the answer is that United States uses more than two-third (2/3) of the world's commercial energy production.
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Is zero economic profit inevitable in the long run for monopolistically competitive firms? in the long run, monopolistically competitive firms.
Firms usually engage in a lot of activates for profit. Zero economic profit may continue to earn profit by reducing costs.
A monopolistic competitor, like some organizations often earn profits in the short run. The entry of some firms into the same market can bring about a shift in the demand curve faced by a monopolistically competitive firm.When economic profit is zero, an organization is known to be earning the same as when its resources were used in the next best alternative.
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Is zero economic profit inevitable in the long run for monopolistically competitive firms? In the long run, monopolistically competitive firms
A. will not continue to earn profit because the cost of production will rise as new firms enter the market.
B. may continue to earn profit by convincing consumers their products are different.
C. will continue to earn profit due to barriers to new firms entering the market.
D. may continue to earn profit by instead beginning to produce a product identical to competitors.
E. will not continue to earn profit because monopolistically competitive firms produce identical products.
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The auto insurance plans available from Fret-No-More Auto Insurance are outlined in the table below. To be considered "full" coverage, an insurance plan must include one level of coverage from each category. What is the annual premium for the cheapest insurance plan available from Fret-No-More that is considered full coverage?.
There are different types of car insurance. The annual premium for the cheapest insurance plan available from Fret-No-More that is considered full coverage is $473.16
Insurance is often made for vehicles. The six most used car insurance coverage options are:
Auto liability coverage Uninsured and underinsured motorist coverageComprehensive coverage, Collision coverageMedical payments coverage and Personal injury protection.These insurance are often taken based on where a person live, They can be mandatory and optional coverage types.
Auto insurance is a contract between you and the insurance company that protects you against unforeseen accident or theft.
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Answer:
A: $473.16
Explanation:
gator, inc. has a 42% share of the $300 million market for gator t-shirts. however, they feel they can do better. after doing research, they found the gator t-shirt industry as a whole spends $50 million a year in marketing efforts. gator, inc. knows its own gross margin is $14.7 million for the year. not satisfied with their 42% share, they decide to try to obtain 45% of the market. is it worth the effort for gator, inc. to attempt the increase in market share, and how much gross margin do they gain or lose in the effort assuming they are successful?
It does not worth the effort for gator, inc. to attempt the increase in market share, and the amount of gross margin they lose in the effort assuming they are successful is $1,200,000.
Sales revenue per share point = 300 million/100
Sales revenue per share point = $30 million
Firm’s sales = 300 x 42%
Firm’s sales = $126 million
Firm’s Gross Margin per share point = $14.7 million/42 share points
Firm’s Gross Margin per share point = $350,000
Per share of voice point = $50,000,000/100
Per share of voice point = $500,000
Increase in market=42% -45%
Increase in market= 3%
Using 1.5 rule of competitive parity the company would have to spend more money in order to make use of 4.5 additional share of voice points
Additional marketing effort required=$500,000 per share x 4.5
Additional marketing effort required= $2,250,000
Assuming the company was successful, market share will increase by 3 share points.
Additional share points yield=350,000 x 3
Additional share points yield=$1,050,000
Gross margin=$1,050,000- $2,250,000
Gross margin= $1,200,000
Based on the above calculation Gator Inc. should not increase their market share reason been that they would lose $1,200,000.
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What must a firm that pursues a cost-leadership strategy do in order to nurture and constantly upgrade core competencies in manufacturing and logistics
The firm must ensure upgrading the departments core competencies through making sure that employees have the innate ability or skills demanded.
Firms that adopt the Cost leadership strategy does so to earn higher returns and competitive advantages through of offering of products at lowest prices in the market.
The core competencies in manufacturing and logistics includes pro-activeness, ability to handle documents properly, strategic thinking, forward thinking, logical decision-making, networking abilities etc
However, the firm must ensure upgrading the departments core competencies through making sure that employees have the innate ability or skills demanded.
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