over the price at which the market clears. When there is more supply than there is demand, a surplus develops in the market. The price of the good is higher than what buyers are willing to pay, and there are more sellers than buyers as a result.
As a result, there are more sellers than buyers, and the good's price is higher than what consumers are willing to pay. The market-clearing price—the price at which the quantity provided and the quantity sought are equal—will then be higher than what is actually being paid. Sellers will reduce their prices when there is a surplus in order to draw customers and move their inventory. The market price will eventually reach the market-clearing price as a result, and the surplus will vanish. The market-clearing price is a key idea in microeconomics that is used to examine how supply and demand behave in markets and identify the price at which markets are in equilibrium.
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LOTS OF POINTS AND WILL GIVE BRAINLEST!
Imagine that you have been tasked with creating an employee handbook for your business. Fortunately, you do not have to do it alone. You will have two co-workers helping you, one of whom works in human resources and is an expert on the regulations around employment. The other has been at the company for a long time and was added to the team because they know the culture of the company well. You are in charge of the project, so it is up to you to set up the project and manage it. Both of these employees have positions in the company that are unrelated to this project, so assume that they have other work to do as you set up the project. You have one month to deliver a final version of the manual.
As the project manager, you are responsible for the following:
Determining which topics the manual will cover
Delegating tasks on the team
Putting together a timeline with deadlines for the project
Getting a draft to the company president for approval a week before the due date
Creating a collaborative atmosphere in your group by setting ground rules
Setting ground rules is a good way to set the tone for the group. It means that everyone has agreed to maintain certain standards. They can cover anything from how you will communicate to the process for managing disagreements. You should have no more than five. Setting expectations for the group can go a long way toward building a collaborative atmosphere, so give it try!
It is now your task to put together a memo with the information to give to the other two employees. Imagine that you can consult them along the way and that they are comfortable with the decision you have made. This is a formal document, so make sure that the writing is clear and professional. It should also be free of typos and grammatical errors.
As the project manager, the sample memo to my two co-workers is given below:
The MemoSubject: Employee Handbook Project
Dear [HR Expert] and [Long-time Company Employee],
I am writing to inform you that we have been tasked with creating an employee handbook for our business. As the project manager, I will be responsible for determining which topics the manual will cover, delegating tasks, putting together a timeline with deadlines, and getting a draft to the company president for approval a week before the due date.
As a team, we will be working together to create a collaborative atmosphere by setting ground rules. These rules will cover things such as communication and the process for managing disagreements, and will be no more than five in total.
I would like to schedule a meeting with both of you in the next few days to discuss the project in more detail and to begin delegating tasks. In the meantime, please let me know if you have any questions or concerns.
Thank you for your time and assistance in this project. I am looking forward to working with you both.
Sincerely,
[Your Name]
Project Manager
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which of the following statements about ethical product/service design is not true? multiple choice question. customers should receive the value they expect. the pressure to reduce costs can have ethical implications. if a quality problem is not evident to the customer, it need not be taken care of. health and safety of employees and customers should be a primary concern.
Correct answer is C. if a quality problem is not evident to the customer, it need not be taken care of.
Services can't be inventoried. Service layout regularly focuses greater on intangible elements then does product design
Which of the following are now not section of the activities and responsibilities of product and carrier graph quizlet?Developing organizational strategy is not phase of the things to do and responsibilities of product and carrier design.
Which of the following is now not a factor reason for product or service design?Which of the following is no longer a reason for redesigning a product or service? A product or service redecorate does not always involve improving worker satisfaction
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Per Week: 45,000 beach balls Per Year: 2,340,000 beach balls does roger produce per week and per year.
What is production?Production is the process of creating and assembling goods and services that are intended for sale or distribution. It involves combining raw materials, labor, and machinery, as well as other elements, to create a final product. Production planning is a key component of the production process, as it helps to ensure that all resources are used efficiently. The production process also includes quality control efforts to ensure that the final product meets customer expectations. Production can be done on a large scale, such as in a factory, or on a smaller scale, such as in a home workshop.
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a hotel charges 80 dollars per day for a room gives special rates to organizations that reserve between 30 and 60 rooms. if more than 30 rooms are reserved, the charge per room is decreased by $1 times the number of rooms over 30. under these conditions, how many rooms must be rented if the hotel is to receive the maximum income per day?
55 rooms must be rented if the hotel is to receive the maximum income per day.
Income is the money or value that a person or business entity receives in return for giving a good or service, investing capital, or both. Earned income includes wages, salaries, tips, commissions, and commissions. Examples of indirect or income include royalties, partnership income, and rental property income. Examples of portfolio or investment income include interest, dividends, and capital gains. For an individual, gross income is the total amount of money earned before taxes and other deductions. Your earned income may be in the form of a salary, bonuses, tips, hourly earnings, rental income, stock and bond dividends, or interest on savings accounts.
Let [tex]x[/tex] be the number of rooms reserved. We know 0 ≤ x ≤ 60, but since there is no discount for below [tex]30[/tex] rooms, we know that x ≥ 30.
The price per room for between [tex]30[/tex] and [tex]60[/tex] rooms is given by: [tex]p(x) = 80 - (x - 30) = 110 - x[/tex]. Therefore, the revenue
from x rooms is given by [tex]R(x) = x(110 - x) = 110x - x^{2}[/tex]
Now [tex]R^{'} (x) = 110 - 2x = 0[/tex] when [tex]110 = 2x[/tex], or when [tex]x = 55[/tex]
Thus, applying the EVT, since [tex]R(30) = 2400[/tex], [tex]R(55) = 3025[/tex] and [tex]R(60) = 3000[/tex], so the maximum revenue occurs when 55 rooms are reserved.
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40. which of the distributions of your time below do you believe will make you the most successful salesperson?
Professional salesperson only dedicate 40% of their time to presentations or demonstrations, 10% to prospecting, and 25% to qualifying and 25% planning.
What is a good prospecting plan?Any procedures that assist you and your team in identifying decision-makers in your target market should be included in your sales prospecting plan. In other words, your sales prospecting strategy is your approach for locating prospects who are likely to buy from you.
What is the 6 point sales formula?The pre-approach, approach, presentation, objection, closing, and follow-up are the six steps. A salesperson must meticulously prepare for the interaction with the client before presenting the goods to the consumer.
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At the end of the fiscal year, the balance in Factory Overhead is small. The balance will be Oa transferred to Finished Goods Ob. transferred to cost of Goods Sold Oc. transferred to Work in Process Od. allocated between Work in Process and Finished Goods
At the end of the fiscal year, the balance in Factory Overhead is small. The balance will be allocated between Work in Process and Finished Goods.
What is fiscal year?Government accounting, which differs between nations, and budgeting employ a fiscal year. Additionally, it is employed by companies and other organisations for financial reporting. Fiscal years and financial years are interchangeable. They are referring to the twelve-month window for filing financial statements. A 12-month period starting on January 1 and ending on December 31 is known as a calendar year. 12 consecutive months that conclude on the final day of any month, excluding December, constitute a fiscal year. A fiscal tax year that is 52 to 53 weeks long but does not necessarily end on the final day of a month is known as a 52-53 week tax year.
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A price ceiling causes consumer surplus to O decrease O increase.O move to equilibrium.
A price ceiling causes consumer surplus to decrease
Hence, Option A is correct
Therefore, price ceilings transfer a portion of producer surplus to consumers, which helps to explain why consumers frequently favor them. On the other hand, price floors transfer some consumer surplus to producers, which explains why they are frequently preferred by them. A price can't increase above a certain point thanks to price ceilings. When a price ceiling is set below the equilibrium price, there will be excess demand or shortages because there will be more demand than supply.They are one way prices are controlled. Price ceilings have complicated long-term effects, even though they frequently benefit consumers in the short term. Due to supply shortages and a decline in the quality of goods and services, they can have a negative impact on producers and occasionally even the consumers they are trying to help.
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many consumers continually rebuy the same brand but have little or no emotional commitment to the brand. this behavior represents a purchasing decision that is primarily based on:
This behavior represents a purchasing decision that is primarily based on: Inertia
Which quality is typically connected to successful brand names?Brand names should be simple to read, spell, and pronounce in order to be easy to remember.Tide, Ariel, Gold Spot, and more examples of short but memorable brand names. It should be able to be registered legally and protected. It should describe the features and advantages of the item or service.Brand equity: The difference in how customers react to a product or service when they are aware of the brand name. The degree to which consumers are ready to pay extra for the brand is a measure of brand equity. A valuable asset are brands with high brand equity.To learn more about Brand equity refer to:
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given a takt time of 0.45 minute(s) and net daily production of 440 minutes, what is the maximum daily demand that can be satisfied using this production process? (
When the client demand is 520 units per day, the takt time will be 52753.8 seconds for a daily working shift of 10 hours with a 48-minute lunch break.
The German word "takt" is used to describe the words "clock," "bar," or "beat" (in music), "conductor's baton," and "metronome." In lean manufacturing, the average customer demand time for an item is referred to as Takt time. This explains how long the production process typically takes to complete. The measurement unit is "seconds per unit." Costs and inefficiencies associated with anticipating demand include: Obtaining and holding onto completed items and hasty procurement of raw materials. untimely wage payment. the cost of missed opportunities to produce other goods Purchasing excess capacity is expensive. When the client demand is 520 units per day, the takt time will be 52753.8 seconds for a daily working shift of 10 hours with a 48-minute lunch break.
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sarah secured a bank loan of $165,000 for the purchase of a house. the mortgage is to be amortized through monthly payments for a term of 15 years, with an interest rate of 3%/year compounded monthly on the unpaid balance. she plans to sell her house in 5 years. how much will sarah still owe on her house?
Sarah will continue to owing $63413.62 on her home. The majority of mortgage debts have been fully amortized.
Are mortgages amortized monthly?That indicates that they are repaid over a predetermined length of time in monthly payments. Mortgage amortization is a word used in finance to describe the process of paying down your mortgage. The mortgage lender establishes a payment schedule for you when you take out a mortgage. This uncomplicated schedule, which includes equal payments over the course of your loan if you have a new mortgage, is easy to understand.
If you make every payment as specified in your term loan's original schedule, you will have fully amortized the debt by the time the term is over.
Monthly payment = pmt = Loan/[(1-(1/(1+r^n)))/r]
= 165000/[((1-(1/(1.0025^180)))/0.0025]
= $1,139.46
Balance after 10 years = $63413.62
= 1139.46*((1-(1/(1.0025^60)))/0.0025)*0.0025
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which of the following statements is true? a. economic efficiency would be increased if the united states eliminated all of its trade restrictions, but only if all other countries eliminated their trade restrictions too. b. the u. s. economy would gain from the elimination of its tariffs but not from the elimination of its quotas. c. eliminating its tariffs and quotas unilaterally would not benefit the united states because this would remove the leverage it would have to persuade other countries to eliminate their trade restrictions. d. the u.s. economy would gain from the elimination of tariffs and quotas even if other countries do not reduce their tariffs and quotas.
It differs. Only if the money borrowed from a HELOC or home equity loan is used to "buy, build, or significantly enhance a home." If the United States removed all trade barriers, economic efficiency would grow, but only if other nations also removed their trade barriers.
How is a HELOC paid back?
HELOCs are a form of revolving credit that resembles a credit card in some ways. You may take out loans throughout the draw period up to your predetermined credit limit and pay back only the interest on the principal amount borrowed. Between five and ten years after the HELOC is granted, or after the draw period expires, you must begin making principal and interest repayments. Recent increases in mortgage interest rates have made cash-out refinancing less desirable, which has increased the appeal of HELOCs.
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the enslavement of africans was a. limited only to africa. b. an inherited condition. c. an important aspect of european economy in the 1400s. d. greatly increased over time.
Option (B) is the best option. Over time, slavery of Africans developed. People who were enslaved were seen as commodities that could be bought, sold, and used for profit instead of people.
What exactly is slavery?Africans and Europeans had traded goods and people across the Mediterranean for centuries, so forced labor was not uncommon; however, enslavement was not based on race. A commercialized, racialized, and inherited slavery system was introduced by the trans-Atlantic slave trade, which began in the 15th century. People who were enslaved were seen as commodities that could be bought, sold, and used for profit instead of people. The sale of the "20 and odd" Africans set the stage for slavery in the United States, despite the fact that people of African descent were free and enslaved in North America as early as the 1500s.
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danielle notes a roof leak in a home she is appraising. she considers this in developing her opinion of value. which statement is true regarding this situation?
It would be misleading if the appraiser did not disclose the presence of this structure in the appraisal report.
How do appraisers evaluate a home's value?A property's appraised value is a qualified assessment of its worth that may be different from its actual market value or asking price. Assessed values are used by lenders to determine loan-to-value ratios and other mortgage terms (LTV). The appraiser compares the features, age, and condition of your property to those of comparable properties in the neighbourhood and the prices they fetch.
The local market will have a big impact on your assessment because the worth of your home is based on the cost of nearby homes that are comparable to yours.
When you put your house on the market, the market value can be less than the assessed value if there aren't enough buyers. Conversely, if multiple buyers are showing a lot of interest in your home, the market value may be greater than the appraised value.
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some organizations, including yum brands and kfc, give fun employee recognition awards including rubber chickens. what are the rubber chickens an example of?
The rubber chickens are examples of artifacts.
The culture is physically represented by artifacts, which include prizes like the rubber chicken. The organization makes clear the values or standards it espouses. Employees display enacted values or norms as a result of their observations of how things really are in the workplace. Assumptions are organizational values that, over time, have come to be taken for granted to the point where they form the foundation of the business culture.A combination of the Latin words are, which means "by skill," and factum, which means "to make," is an artifact. The term "artifact" is typically used to describe a crafted object that served a specific function during a much earlier period.To know more about artifacts here
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During 2016 Green Thumb Company introduced a new line of garden shears that carry a two-year warranty against defects. Experience indicates that warranty costs should be 2% of net sales in the year of sale and 3% in the year after sale. Net sales and actual warranty expenditures were as follows:
A new brand of garden shears with a two-year warranty against faults was introduced by Green Thumb Company in 2016.
What is in a garden?
The majority of gardens are made up of both natural and man-made components, however even the most "natural" gardens are always the result of artificial design. The main natural components of a garden include soil, water, air, light, flora (such as trees and weeds), fauna (such as arthropods and birds), and dirt. labouring in a garden, tending to the plants' growth and maintenance, and keeping it attractive: Gardening has always been a hobby for my mother. gloves for gardening.
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what is purchasing power parity (ppp)? a. an adjustment made to the gross domestic product (gdp) to reflect changes in the price level b. an adjustment made to the gross domestic product (gdp) to reflect differences in time zones c. an adjustment made to the gross domestic product (gdp) to reflect differences in populations d. an adjustment made to the exchange rates of two currencies to make them at par with the purchasing power of each other
purchasing power parity (ppp) a. an adjustment made to the gross domestic product (gdp) to reflect changes in the price level.
By comparing the costs of certain commodities, the purchasing power parity (PPP)[1] method of measuring prices in a number of countries compares the absolute purchasing power of the national currencies. The PPP ratio is essentially the price of a basket of goods at one location divided by the price of a similar basket of goods in a different location. The PPP inflation and exchange rate may differ from the market exchange rate as a result of tariffs and other transaction fees. The GDP, labor productivity, and real individual consumption can all be used to analyze economies using the buying power parity indicator. In specific circumstances, it can also be used to assess price convergence and contrast various living expenses.
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Help answer these two questions pleaseee
1. Across the course, you've learned about many other desktop publishing software programs besides PowerPoint. Identify at least two other technologies available for desktop publishing (the software can be presentation-based, word processing, spreadsheet software.etc.). What are some common features across PowerPoint and these other programs?
2. What are 2 differences that could be expected in how an employee would speak to other staff members in a truly flat organizational structure compared to a hierarchical structure?
Answer:
1.
At least two other technologies available for desktop publishing:
Microsoft WordMicrosoft ExcelMicrosoft PublisherCommon features across PowerPoint and the above programs:
These programs are all part of the Microsoft 365 (formerly Microsoft Office) suite of software tools. They are available for both personal and professional use. All programs use a subscription model. They are designed to be compatible across Microsoft's entire product line and allow for instant collaboration among multiple registered users.
2.
Two differences in how an employee might speak to other staff members in a flat organizational structure versus a hierarchical structure:
Less expectation of formality: speech would likely be delivered in a more casual manner and tone among many staff membersAn increase in dialogue: a reduction or elimination of middle management necessitates increased collaboration among staffhoratio works as a parking attendant at a municipal parking lot. he monitors the parking lot to prevent vandalism and theft, collects fees from motorists, and makes periodic rounds to check for expired permits. these duties would be considered as
He collects fees from drivers, keeps an eye on the parking to deter theft and damage, and performs occasional rounds to check for expired permits. These tasks would be seen as being performed in a routine manner.
Which of the subsequent actions is counterproductive?Counterproductive workplace behaviors include stealing, fraud, sexual harassment, workplace bullying, absenteeism, drug use, violence at work, and sabotage, to name a few.
The big five personality traits of extraversion, agreeableness, conscientiousness, emotional stability, and openness to experience have a direct and positive impact on organizational citizenship conduct.
The phrase "citizenship behavior" describes employee actions that are optional, may or may not be rewarded, and assist the company by improving the working environment.
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He collects payments from vehicles, keeps an eye on the parked to deter theft and damage, and performs occasional trips to check for outdated permits. These tasks would be seen as be performed in a straightforward fashion.
Which of the below behaviors is counterproductive?Counterproductive work behaviors include stealing, fraud, sexual harassment, workplace bullying, truancy, drug use, brutality at work, and sabotage, to list a few.
The big five personality qualities of openness to experience, emotional stability, social competence, emotion regulation, and willingness to learn have a direct and positive influence on organizational citizenship behaviors.
The phrase "citizenship behavior" defines employee actions that are voluntary, might or might not be rewarded, and benefit the company by improving the work atmosphere.
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janet is a project manager for a multinational corporation. she has chosen the people for the project team roles identified in the resource management plan for a project developing a new accounting program. the team members are geographically dispersed across multiple continents. the communications management plan identifies the integrated nature of the technologies, including video and teleconferencing to be used by the team members when communicating amongst each other. what is a benefit to this type of team?
The communications management plan identifies the integrated nature of the technologies, including video and teleconferencing By making information sharing and task tracking easier, it keeps projects on schedule.
An effective communication management plan serves what purpose?How everyone working on a project may communicate effectively is described in a communication management plan. Each team member's communication-related duties can be laid out in the strategy, along with the most effective channels. Plans for managing communications are frequently an essential part of both project planning and management. At the individual, group, and organisational levels, communication management is crucial for success. It promotes the success of projects, fosters goodwill and reputation, and conveys an organization's steadiness and clarity.
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Business profits are dependent on the amount of revenue and expenses that a business experiences.
A.
True
B.
False
Answer: Yes, business profits are dependent on the amount of revenue and expenses that a business experiences.
Explanation:
Business profits, also known as net income or net profit, is calculated by subtracting total expenses from total revenue. If a business has more revenue than expenses, it will have a positive net income and be considered profitable. If expenses are greater than revenue, the business will have a negative net income and be considered unprofitable.
To increase profits, a business can focus on increasing revenue through sales or pricing strategies, or reducing expenses through cost-cutting measures. For example, a business may choose to increase the price of their products, invest in marketing to increase brand awareness and drive sales, or they may reduce costs by cutting back on unnecessary expenses such as office supplies or travel.
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jane is house shopping. her favorite house (in provo) is priced at $250,000, but she is willing to pay up to $340,000 for it. her second favorite (in orem) is priced at $220,000, and she values it at $300,000. the provo house will have $20,000 in future taxes, while the orem house will have $15,000 in future taxes. what is jane's opportunity cost of buying the provo house?
We pay taxes to finance our federal, state and local governments so they can function efficiently and deliver critical services.
What happens when you shop?The set of actions a customer will take to decide what to buy is known as a buying process. Recognizing requirements and goals, gathering information, weighing options, making a purchase, and evaluating the experience afterward are all parts of a typical model of decision-making for consumers.
What do products mean when we shop?Shopping goods are ones that are more expensive that convenience products, are purchased less frequently, and are durable. Furniture and televisions are a few of examples of consumer products.
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gap inc. ended its relationship with 23 foreign production facilities due to code violations. several closings occurred because of the use of child labor. in response to these events, gap inc. created a large team whose purpose is to travel worldwide to ensure compliance with its code of vendor conduct. this is an example of
Gap Inc. formed a sizable team in reaction to these occurrences with the mission of traveling all over the world to verify that its code of vendor behavior is being followed. this serves as an illustration of social responsibility.
What is meant by the phrase "social responsibility"?
Each person is responsible for carrying out their civic duties, and their deeds must benefit society as a whole, according to the ethical principle of social responsibility. In this way, a balance must be struck between economic progress and the welfare of society and the environment.
What are the benefits of social responsibility? It is what?
Accountability of an organization for how its decisions and actions affect people, the environment, and other stakeholders through transparency and moral conduct that: Advances social welfare and sustainable development, including health.
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In college economics, Frank, is studying labor statistics. Help Frank determine the labor force participation rate of his assigned country with 15 million adult working-age people and 7 million people in the labor force. (round your answer to the nearest 10th)
labor force participation rate = 46.7%. An estimation of the size of the labor force in an economy is the labor force participation rate. The number of persons aged 16 and older who are working or actively looking for work is used in the calculation.
The number of employed persons plus the number of jobless people seeking for employment is known as the labor force. The unemployed who are not seeking for employment are not included in the labour pool. For instance, stay-at-home mothers, retirees, and students are not employed. The labor force also excludes discouraged employees who would prefer a job but have given up seeking. You must be available, willing to work, and have recently sought for a job in order to be included as being in the labor force. The official unemployment rate counts those without a job who are still actively seeking work. The number of individuals and their perception of their likelihood of finding employment are both factors that affect the size of the labor force.
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which skill is not important for an evidence-based practice project team?
For a team working on an evidence-based practice project, the ability to run statistical analyses is not crucial.
What is statistical analysis?Finding patterns and trends requires the collection and evaluation of data for statistical analysis. It falls under data analytics. Statistical analysis is sometimes used to create surveys and studies, get research interpretations, or model statistics.There are basically two kinds of statistical analysis: Descriptive statistics describe and illustrate the data you have, whereas inferential statistics extrapolates your data across a larger population.Businesses can save costs and boost production by using statistical analysis, among other benefits.Massive amounts of data must be collected, examined, and presented in order to identify underlying patterns and trends. In order to make decisions more scientifically, statistics are employed daily in study, industry, and government.The complete question is:
Which skill is not important for an evidence-based practice project team?
A) Ability to perform statistical analyses
B) Implementing organizational change
C) Critical appraisal of evidence
D) Database searching
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any amount owed to a creditor is classified in the balance sheet as a/an
Liabilities are in fact obligations or duties owed by a firm. It stands for the amount the company owes its creditors.
Any sum owing to a creditor is recorded as debt on the balance sheet, correct?The debt or obligation is the sum of money or services that the bankrupt owes to the creditor. The terms obligee and debtor are both used to describe a debtor.On such a company's balance statement, accounts payable are listed. Given that it is money owing to creditors and appears on the balance sheet under current liabilities, payables is a liability.A party making loans to the debtor is referred to as a creditor in the balance sheet. A loan might consist of anything with perceived or practical value, not only currency.To learn more about creditor refers to:
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Former House Speaker Paul Ryan's efforts to restrain government spending are an example of what kind of politics? A)Interest group B)Majoritarian C)Entrepreneurial D)Client E)Supply-side
Option E is correct. Former House Speaker Paul Ryan's efforts to curb government spending are an example of supply-side policy.
Supply-side economics is a macroeconomic theory that assumes that tax cuts, deregulation, and allowing free trade are the most effective ways to promote economic growth. According to the supply economy, consumers benefit from a greater supply of goods and services at lower prices, resulting in increased employment. Supply-side fiscal policy aims to increase aggregate supply relative to aggregate demand, thereby increasing production and employment while lowering prices.
Invest in human capital, such as education and health care, and promote the transfer of technology and business processes to improve productivity (output per worker). The promotion of globalized free trade through containerization is an important current example.
Tax cuts encourage people to work, invest and take risks. Examples of such measures include lowering income tax rates and eliminating or reducing customs duties.
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bill matthews is investing $11,600 in the washington mutual fund. the fund charges a 5.75 percent commission when shares are purchased. calculate the amount of commission bill must pay.
Answer:
Explanation:
The amount of commission Bill must pay is $668.00. This is calculated by multiplying the amount invested ($11,600) by the commission rate (5.75%) to get the commission amount ($668.00).
Avery wants to go into business as Boom! to make and market fireworks. When deciding which form of business organization would be most appropriate, Avery would normally take into account all of the following except?
a. ?the liability of the owners.
b. ?the forms of competitors’ business organizations.
c. ?tax considerations.
d. ?the need for capital.
Avery wants to go into business as Boom! to make and market fireworks. When deciding which form of business organization would be most appropriate, Avery would normally take into account all of the following except: b. the forms of competitors’ business organizations.
Given that a company organisation can take the form of a corporation, a partnership, or a sole proprietorship. As a result, there are numerous important elements that the business owner must take into account while selecting a type of business organisation. To name a few of these:
1. Establishment and financing costs
2. Control Level
3. The Amount of Shared Profits
4. Taxation Level.
5. Persistence and Portability.
6. Tolerance for risk.
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a new machine makes the packaging of cake mixes more efficient. which statement describes how this improvement in technology will affect the market for cake mixes?
Cake mix demand will grow as market demand and pricing decline.
When was cake mix invented?After combining dried molasses with dehydrated flour, sugar, eggs, and other ingredients in 1933, P. Duff & Sons, a Pittsburgh molasses firm, obtained a patent for the first cake mix. Gingerbread was produced with simply the mixture, water, and baking.Ancient Egyptians : It's interesting to note that the first civilization to demonstrate baking prowess was ancient Egypt, and during that time, cakes had a more bread-like appearance and were honey-sweetened. While the Romans created fruitcakes with raisins, almonds, and other fruits, the Greeks apparently had an early version of cheesecake. Round, flat, unleavened loaves that were baked on a hot stone were the precursors of the cake that we know today. Through the addition of new ingredients and the development of fresh baking methods, baked goods continued to develop across many centuries.To Learn more About Cake mix demand refer To:
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Answer:
C.) supply of cake mixes will increase, and market price will decrease
Explanation:
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10) the income elasticity of demand is the a) absolute change in quantity demanded resulting from a one unit increase in income. b) percent change in income resulting from a one percent increase in price. c) percent change in quantity demanded resulting from a one percent increase in income. d) percent change in income resulting from a one percent increase in quantity demanded.
The income elasticity of demand is percent change in the income resulting from one percent increase in price.
What is income elasticity of demand?The term "income elasticity of demand" describes how sensitively consumers' real incomes are to changes in quantity of a certain commodity they are willing to pay for. Divide the percent change in quantity demanded by the percent change in income to find the income elasticity of demand. You may determine whether a given commodity is a luxury or a necessity using the income elasticity of demand. Demand responsiveness to changes in consumer income is measured by income elasticity of demand. The more closely a given good's demand is linked to changes in customers' income, the higher its income elasticity of demand. To estimate how the business cycle may affect product sales, businesses often assess the income elasticity of demand for their products.
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