Option (c), Regarding accounting profit and economic profit, the assertion that a firm can have a both positive accounting profit as well as a negative economic profit in the same time is accurate.
Can economic profit be negative when accounting profit is positive?The accounting profit is positive and the economic profit is negative if total revenue exceeds explicit cost but not opportunity cost. The implicit costs are the opportunity expenses. Accounting costs only cover explicit costs; potential costs are excluded.
What distinguishes accounting profits from economic profits? Possibility of both negative economic earnings and positive accounting profitsProfit is defined as revenue minus expenses. Profits fall into two categories: accounting profits and economic profits. Economic profit is defined as the difference between the entire sales revenue and the opportunity costs of all inputs. Accounting profit, which represents a company's total earnings, also includes explicit charges.
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The complete question is;
Regarding accounting profit and economic profit, which of the following statements is/are true?
Cost of capital= (4 billion Pounds*(1+green cell)- 4 billion Pounds
a. Economic profit equals total revenue minus total costs
b. Accounting profit equals total revenue minus explicit and implicit costs
c. A firm may have a negative economic profit and a positive accounting profit simultaneously.
d. An economic profit of zero means that the firm has reached its total production
which of the following is not a reason for silicon valley's dominance in the startup industry, according to guy kawasaki?
Guy Kawasaki contends that Silicon Valley's dominance in the startup sector is NOT due to the lack of finance corporations that can afford to hire workers at high salaries.
Why does Silicon Valley attract businesses?It is straightforward to build the infrastructure needed for similar businesses. A standalone tourist destination is Silicon Valley. Starting a tech business in an area with a developed business infrastructure, a talented resource pool, and a flourishing market gives you a distinct advantage over other locations.
What primary factor has elevated Silicon Valley to the status of a prominent economic hub?The release of software Silicon Valley has recently gained notoriety for its breakthroughs in software and Internet services, even though semiconductors continue to play a key role in the region's economy. Silicon Valley has had a significant impact on operating systems, software, and user interfaces for computers.
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The social action designed to bring attention to the rights of purchasers is known as _____.
The answer is Consumerism or Consumer advocacy.
The social action designed to bring attention to the rights of purchasers is known as Consumerism or consumer advocacy.
Consumer advocacy is an organized effort to help protect the rights of consumers and ensure that they are treated fairly in the marketplace. This can include campaigns to raise awareness about consumer rights, lobbying for changes in laws or regulations that affect consumers, and providing legal assistance to individuals or groups who feel they have been wronged in the marketplace.
Consumer advocacy can also involve providing education about consumer rights and responsibilities and helping consumers make informed decisions about their purchases.
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which of the following would not count as part of us gdp in 2021? group of answer choices william purchases 100 shares of amazon stock. boeing (a company based in chicago) sells 10 airplanes to norway paul paid rent of $12,000 for his apartment in maryland, in 2021 luigi, a foreign investor in new york, produces furniture worth $ 200,000 in g
A situation wherein William purchases 100 shares of Amazon stock is the one that would not count as a part of the United States' GDP in 2021. Therefore, the option A holds true.
The GDP of every nation can be typically used to determine the value of the finished goods and/or services that have been produced in a country during a given particular time, usually a year. Purchasing securities of Amazon stock does not lead to an increase in the GDP of the United States, because, the shares can be openly traded on the market and are not produced freshly.
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According to the ________ hierarchy, the consumer considers purchases based on an attitude of hedonic consumption (such as how the product makes him or her feel or the fun its use will provide).
A) experiential
B) habitual
C) low-involvement
D) standard learning
Option A- According to the experiential hierarchy, the consumer considers purchases based on an attitude of hedonic consumption (such as how the product makes him or her feel or the fun its use will provide).
The experiential hierarchy of effects covers views that are solely driven by a consumer's emotions toward a given good, service, or company. Assumed to be A to B to C. Following the purchase and either supporting or weakening the sentiments, cognition and beliefs follow the decision-making process.
The cognitive component, the affective component, and the conative component make up the tricomponent model of attitudes. The identifying the strengths records a consumer's knowledge and beliefs (i.e., perceptions) regarding goods and services. a ranking of potential reactions based on the relative likelihoods that they will be triggered, where more likely behaviours are placed higher than less likely behaviours. referred to as behavioural hierarchy.
The higher a person is in the organisational hierarchy, the more authority they have.
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The company's shipments of newly-produced branded and private-label footwear from its production facilities to its regional distribution centers are subject to import tariffs of $8 per pair and shipping fees of $1 per pair.
per pair shipping/freight charges, plus any applicable import tariffs and exchange rate adjustments on cross-region shipments.
3-million pair import quotas on shipments from foreign facilities to Latin America, Europe-Africa, and Asia-Pacific and exchange rate shifts of as high as 20%.
shipping charges of $2 per pair on all pairs shipped regardless of destination and exchange rate shifts of as high as 15%.
shipping charges of $2 per pair on all pairs shipped to distribution centers in the same region as the production facility and $4 on all pairs shipped from one region to another.
Any applicable import tariffs and exchange rate adjustments apply to the company's shipments of newly produced branded and private-label footwear from its plants to its regional distribution centres.
What is Tariffs?Tariffs are a type of tax levied by a company on any imported goods crossing a government-controlled border.
Import tariffs:
These are taxes levied by customs authorities on goods imported into a country. Import duty is also known as custom duty or import tax.
Exchange rate:
The value of a country's currency is represented by an exchange rate. It is the value of one currency when converting to another.
As a result, the shipment of newly produced footwear from the company's production facilities to regional distributors is subject to import tariffs and rate adjustments.
As a result, import duties and rate changes may apply to the company's distribution of newly manufactured footwear from its manufacturing facilities to regional distributors.
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broker alex decided to end her listing agreement with seller bonnie because bonnie has been very slow to respond to requests to show the property and has made no effort to leave the place in good condition when she did allow a showing.
A. Correct
B. Incorrect
Correct, Broker Alex made the decision to terminate her listing agreement with seller Bonnie because Bonnie has been extremely sluggish to react to requests to see the property and has made little attempt to leave the home in good condition when she has allowed a showing.
What exactly is a "listing agreement"?Because the broker is compensated to act as the seller's agent but no real estate is exchanged, the listing agreement is more comparable to an employment contract than a lease-purchase arrangement. Only a real estate agent may act as an agent to list, sell, or rent another person's property in accordance with real estate license rules.
Which of the ensuing listings provides the broker with the most advantages?A broker will be paid a commission regardless of who purchases the property if they are given the exclusive right to market the listing.
It is the greatest listing from the broker's point of view because the broker is still eligible for a commission even if the owner sells the property within the confines of the contract.
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refer to exhibit 19-3. when price decreases from $3.50 to $2.50, the price elasticity of supply is group of answer choices 0. 1.0. 5.0. 0.1. 0.5.
When price decreases from $3.50 to $2.50, the price elasticity of supply is 0.5.
This means that for every 1% decrease in price, the quantity supplied increases by 0.5%. Price elasticity of demand is a dimension of the change in the consumption of a product in relation to a change in its price. Economists use price elasticity to understand how force and demand for a product change when its price changes. Like demand, force also has an elasticity, known as price elasticity of force. Price elasticity of force refers to the relationship between change in force and change in price. It’s calculated by dividing the chance change in volume supplied by the chance change in price. Together, the two adaptability combine to determine what goods are produced at what prices. A good is impeccably elastic if the price elasticity is horizonless ( if demand changes mainly indeed with minimum price change).
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on march 1st, alejandro consulting paid $2,500 cash for a 5-month insurance policy that begins that day. given the choices below, determine the general journal entry that alejandro consulting will make to record the cash payment.
As a general rule, Alejandro Consulting will debit prepaid insurance by $2500 and credit cash by $2500 to reflect the cash payment.
What is referred to as "prepaid insurance"?Prepaid insurance is a term used to describe payments made up front to insurers for insurance coverage. Prepaid insurance is reported as current assets on insurance companies' balance sheets because it isn't utilised. When the insurance begins to pay out, it switches from being an asset to being an expense.
A journal entry is made to credit the prepaid insurance account and debit the insurance expense account whenever an asset is credited to an expense. As a result, the only amount charged to expenditure for a given period is the amount ratably assigned to that period as an expense.
How should financial transactions be recorded?Any cash payments must to be noted in your normal cash receipts log as a debit. Then, take the credit purchase out of the customer's accounts receivable account. The complete credit item needs to be recorded in your sales journal.
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A retail chain is increasing its advertising and offering discounts to increase sales among its current customers. This represents a _ strategy.
Increased advertising and promotions are being used by a retail chain to boost sales among its present customers. This represents a market penetration strategy.
Market penetration: What is it?Market penetration is the proportion of the anticipated total market for a product or service that is being used by target customers. The percentage of prospective customers who have chosen to buy a certain company's product over one from a rival is known as market penetration. When a product or service is successfully sold in a particular market, this is referred to as market penetration. The sales volume of an existing good or service in relation to the overall target market for that good or service is used to measure it.
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Carlos and Deborah Arnold live in Conshohocken, PA. Deborah's father, Felix, lives in Sweden.For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.Transaction C I G X MThe Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway 23, which feeds into the center of Conshohocken. Carlos's employer upgrades all of its computer systems using U.S.-made parts. Deborah gets a new refrigerator made in the United States. Carlos buys a bottle of Italian wine. Deborah's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
In the calculation of U.S. GDP :
The state of Pennsylvania repaves highway PA 320 (G) Government purchase or expenditure. Carlos's employer upgrades all of its computer systems using U.S.-made parts (I) investment. Deborah's father in Sweden orders a bottle of Vermont maple syrup from the producer's website (X) exports. Carlos buys a bottle of Italian wine. (I) imports. Deborah gets a new refrigerator made in the United States. (C) consumption.
What is the GDP?The gross domestic product is typically used to measure the value added produced by the production of goods and services in a country over a given time period (GDP). As a result, it also takes into account the income from such production or the sum of the costs of the finished goods and services (less imports). Gross domestic product (GDP) is the total market worth of all the finished goods and services that nations produce and sell over a specific time period in terms of money. Due to its complicated and subjective nature, this measurement is extensively examined before being accepted as a reliable indicator.
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which of the following behaviors likely would be involved in adaptive task performance? multiple select question. handling emergencies or crisis situations analyzing options for dealing with uncertain situations developing ideas or outcomes that are familiar dealing with unpredictable situations
Handling emergencies or crisis situations and Dealing with unpredictable situations, these behaviors are likely to be involved in adaptive task performance. Thus options A and D are the correct answers.
Handling emergencies or crisis situations: This behavior likely would be involved in adaptive task performance because it requires the ability to quickly and effectively respond to unexpected and potentially high-stress situations. This requires the ability to think on one's feet and make decisions quickly, as well as the ability to adapt to new and unexpected information. Dealing with unpredictable situations: This behavior likely would be involved in adaptive task performance because it requires the ability to respond to unexpected and unpredictable events. This requires the ability to think flexibly, be open to new ideas, and be able to improvise in the face of uncertainty. Adaptive task performance requires the ability to adjust one's behavior or approach to new or changing situations and not just rely on familiar or routine solutions.To learn more about adaptive task performance:
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which item on a schedule k-1 (form 1065) would subject the partner to self employment tax? guaranteed payments for services rendered by a partner to a partnership. interest. royalties not derived in the ordinary course of a trade or business. ordinary income, but only if the partner was a limited partner.
Ordinary income would be liable to self employment tax for the partner, but only if the partner was a limited partner item on a schedule k-1 (form 1065).
The Internal Revenue Service (IRS) issues Schedule K-1 tax forms to the partners in business partnerships each year. Each partner's portion of the partnership's profits, losses, credits, and deductions is disclosed on Schedule K-1. It fulfils the same function in terms of tax administration as one of the different Forms 1099, which discloses dividend or investment gains from assets or income from sale of securities. The partnership that sends K-1s to its partners also sends Forms 1065, the partnership tax return, to the IRS. The partner typically does not submit a K-1. They merely prepare their tax return using the data on it.
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To more quickly respond to customer needs, Urban Insurance Co. is changing its organizational structure to give more authority and responsibility to field managers located across the country. These managers spend time with customers and know what the customers need right away. It appears that the company is moving toward a more __________ structure.
Multiple Choice
a. centralized
b. bureaucratic
c. functional
d. decentralized
Out of the choices provided above, it appears that the company is moving toward a more decentralized structure in the given situation. Therefore, the option D holds true.
Whenever there is decentralization in the structure of an organization, the duties and activities of different types are divided across different groups. This is done to bring a sense of specialization in operation, and bring the center of focus toward one aspect by one manager. This is an effective function of management for both the company, and its regional operations.
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when a price, wage, or interest rate is adjusted automatically with inflation, it is said to be nominally adjusted.
Economists use the term indexed when a price, wage, or interest rate is automatically adjusted for inflation.
An indexed payment rises in line with the inflation index. Indexing accommodations vary widely in capital investment and federal programs.
How and why that tends to happen because once inflation rises?
For a specified inflation rate, nominal interest must rise if real interest falls. If expected inflation rises, the cost of borrowing for a provided real interest rate must rise as well.
What Is the Definition of Inflation Indexing?
Inflation indexing is a term that applies to fully automated cost-of-living modifications constructed into tax legislation in a bid to keep up with inflation.
Real value equals nominal value multiplied by inflation. The real value is obtained by subtracting the result of price changes from the nominal value of dataset data in order to obtain a more accurate estimation of economic trends.
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The aspect of setting organizational goals that demonstrates the belief that the business is run by employees and managers is called?
Peter Drucker introduced management by objectives in his 1954 book The Practice of Management.
The process of setting precise organizational goals that management can communicate to team members, then selecting how to accomplish each goal one at a time, is known as management by objectives.
To maintain a calm yet productive work environment, managers might use this technique to tackle tasks one at a time. Individual goals and organizational goals are aligned in this management system.
Employees are more likely to carry out their obligations when they are actively involved in formulating goals and selecting the course of action to be taken.
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which of the following is a type of equipment that requires lockout and/or tagout before maintenance or service?
The Lockout/ Tagout( LO/ TO) standard establishes minimal performance conditions for the control of dangerous energy sources similar to electrical, mechanical, hydraulic, curvaceous, chemical, and thermal.
Signs, markers, padlocks, and seals must have means by which they can be readily secured to the controls. Tagout/Lockout device attachment shall be anon-reusable type, attachable by hand, tone-locking, and non-releasable with a minimum unleashing the strength of no less than 50 pounds.
Walkout Tagout protects against unintentional exposure to dangerous energy from outfits and ministries. A walkout device, similar to a padlock, secures the energy-segregating device, while a tagout device( i.e., a label) warns workers not to use the outfit.
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The shoe company toms gives a pair of shoes to a needy child for every pair that it sells. this is an example of a company which has integrated into its business model. question 9 options: ethical marketing requirements correction marketing environmental marketing corporate social responsibility
The given situation is an example of a company that has integrated (C) corporate social responsibility into its overall business plan.
What is corporate social responsibility?Corporate social responsibility (CSR) is a type of international private business self-regulation that tries to support charitable, activist, or philanthropic social goals by participating in or encouraging volunteer work or other morally upstanding behaviors.
While it was previously conceivable to categorize CSR as an internal organizational policy or a business ethics plan, that time has now passed as numerous national and international regulations have been created.
It has been advanced beyond individual or even sector-wide initiatives by a number of organizations.
So, in the given situation for every pair of shoes sold, the shoe business TOMS donates a pair to a young person in need.
This is an illustration of a business that has incorporated CSR into its overall strategy.
Therefore, the given situation is an example of a company that has integrated (C) corporate social responsibility into its overall business plan.
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Correct question:
The shoe company TOMS gives a pair of shoes to a needy child for every pair that it sells. This is an example of a company that has integrated ________ into its business model.
A) correction marketing
B) environmental marketing
C) corporate social responsibility
D) ethical marketing requirements
Which one of the following states a requirement or characteristic of special use valuation under IRC Section 2032A?A)Special use valuation can benefit an estate by allowing it to deduct up to $675,000 from the gross estate.B)An estate cannot use special use valuation unless it has business real estate.C)The benefit that can be gained by using special use valuation is limited to $1,000,000.D)The decedent must have materially participated in a farm or closely held business for at least eight years preceding death.
If the 2032A asset is sold to others like a qualified heir in under ten years of the decedent's death, the gain may be liable to recapture tax.
This is the correct response. Recapture of a benefit received may occur if the property sold or talented to an adult also isn't eligible or if house isn't put to an eligible usage ten years of the deceased's dying.
The value of the decedent's interest in skilled tangible property used with business must equal least 50percent of the total of decedent's gross property after values have been adjusted. All absolutely stellar secured debts and mortgage debt against qualified real estate are subtracted first from values.
A "qualified heir" is defined as a decedent's grandparents, relatives, nieces and nephews, daughters- and sons-in-law, and their domestic partners, in addition to the decedent's husband or wife and close associate descendants.
It does not have to be within the three years leading up the decedent's death. For five of the eight years preceding the decedent's death, the person who died or a member of the family should have been a content stakeholder in the procedure of both the tightly guarded business.
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Williams Inc. is expected to pay a $8 dividend next year and that dividend is expected to grow at 3.2% every year thereafter. If the discount rate is 8.3%, what would be the present value of the expected dividend stream (aka the expected price of the firm's stock)?
The entire annualized projected dividend payments from a portfolio, investment, or fund are added to any additional non-recurring dividends that an investor might get during that time to determine the dividend rate.
How Is a Dividend Rate Calculated?A portfolio's dividend rate is determined by multiplying the most recent periodic dividend payments by the number of payment periods in a year.The dividend rate, for instance, would be $2.12 per year (50 cents x 4 quarters + 12 cents = $2.12) if a fund of assets paid a 50 cents per share quarterly dividend in addition to a 12 cent extra payment per share due to a nonrecurring event from which the company profited.Dividends are typically paid by companies with significant cash flows. Instead of paying shareholder dividends, companies experiencing rapid development often reinvest any surplus capital back into the business. Producing necessities for consumers, such food, beverages, and household goods, as well as businesses that offer healthcare, for instance, are examples of cash-intensive businesses that often spend less on business expansion. As a result, it is more likely that these companies will pay dividends to shareholders as a portion of their earnings.To Learn more About dividend rate Refer To:
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harry tells you that he prefers pepsi to coke, coke to 7 up, 7 up to pepsi. this violates the assumption made when analyzing consumer preferences
Harry's statement violates the assumption of transitivity in consumer preferences. Transitivity states that if a consumer prefers A to B, and B to C, then they must also prefer A to C.
Transitivity is a basic assumption used in many economic models and decision-making frameworks to analyze consumer preferences. It states that if a consumer prefers one option (A) to another option (B), and also prefers option B to option C, then they must also prefer option A to option C. In other words, it assumes that consumers have a consistent and rational preference ordering, and that they will always choose the option they prefer the most. However, in reality, consumers may have inconsistent or irrational preferences that violate the assumption of transitivity. For example, a consumer may prefer Pepsi to Coke, but then Coke to 7 Up, but then 7 Up to Pepsi, which creates a logical contradiction and violates the assumption of transitivity. In this case, it would be difficult to analyze or predict the consumer's preferences based on this assumption.
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Hi,
How is your first week on Project Excite going? We need to deliver the test version of your product for review in a week. If you need support, let your teammates or me know, and we will do our best to help. Here is everyone’s availability over the next week.
Ravi = fully booked all week
Kara = some time Monday and Friday
Mark = some time Monday and Tuesday
Thanks,
Nadia Loomis
Task
Instructions
With the upcoming deadline, you need help to finish the project. Consider what additional information you would like to know before responding to Nadia.
Question 1 of 4
How useful is knowing the business impact of your project compared to that of your teammates’ other work?
Please rate from Not useful to Highly useful using the buttons below.
Rating 1 of 4, Not usefulRating 2 of 4Rating 3 of 4Rating 4 of 4, Highly useful
Not useful
Highly useful
It should be emphasized that it is critical to understand how your project will affect business compared to the other work of your coworkers.
It should be highlighted that before responding to Nadia, the chores must be prioritized, and a clear plan must be created. It should be highlighted that doing this would help the team members use their time productively and efficiently. A financial impact analysis is a study of the likely effects of an interruption to critical business operations as a result of a tragedy, accident, or emergency. It should be mentioned that planning includes dividing up the tasks and responsibilities among the participants in order to deliver the prototype on schedule. As a result, it should be mentioned that understanding the project's commercial impact in comparison with that of your teammates' other work is important.
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value-added processing describe the transformation of a commodity to meet the tastes and preferences of consumers. which of the following is involved in transforming a commodity to a value-added product?
Marketing, Processing, Transporting, and Retail are elements involved in transforming a commodity to a value-added product.
Value-added processing can range from simple to complicated. Adding value may be as basic as selecting fruits and vegetables by size and selling them in distinctive packaging as it can be as sophisticated as processing salsa, jams, jellies, chutney, and meat animals. Value-added processing is a method of using food that is not used for fresh market sales and product surplus throughout the growing season. There are normally processing requirements that must be followed depending on the raw components and the final result. The value-added process identifies which actions and procedures contribute value to a company's products, services, or entire business. Value considers what a consumer will pay for a product or service, which means that the customer is ultimately responsible for determining if an action adds value to the product or service.
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American business interests in Hawai'i were mostly interested in this industry in the 1890's when they pushed for annexation of the Hawaiian islands.
O The sugar industry
American business interests in Hawai'i were mostly interested in Sugar industry in the 1890's when they pushed for annexation of the Hawaiian islands.
What is Sugar Industry?The production, processing, and selling of sugars are all included in the sugar business. The majority of sugar is produced worldwide from sugar beet and sugar cane. Soft drinks, sweetened beverages, fast food, convenience meals, candy, confectionery, baked goods, and other sweetened foods all require sugar.
Hawaiian sugar production doubled within four years once the new market was secured. The island's sugar production peaked in 1890 at 129,000 tons. Hawaiian natives did not prove to be reliable field workers, and the native population tragically declined as a result of illnesses and other factors.
On Oahu's Manoa Valley, sugar cane was planted for the first time in Hawaii in 1825 with the intention of producing sugar. Two years later, the plantation was abandoned. At 1835, Ladd and Company established the first productive sugar cane plantation in Koloa, Kauai.
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true/falsee. contrast efficiency and effectiveness. give an example of a time when an organization was effective but not efficient, efficient but not effective, both efficient and effective, and neither efficient nor effective.
While something is efficient if it operates with the least amount of resources used, something is effective if it achieves the desired goal.
What do you mean by operates?
to operate a machine, tool, or similar device. acting successfully, having an impact, or using force or influence (often with on or upon): Their messaging is starting to influence people's thoughts. to carry out some kind of procedure or treatment. Everything that occurs within a firm to keep it operating and making money is referred to as business operations. Business plans frequently include a section on operations to help firm founders understand the systems, tools, personnel, and procedures required to run the business.
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which of the following would result in higher price elasticity of good x? group of answer choices more substitutes for good x a shorter period of time has passed since the change in the price of good x lower costs of labor in the production of good x good x is more of a necessity than a luxury
More substitutes for good x would result in higher price elasticity for good x.
The rate of the chance change in volume requested of a product to the chance change in price is defined as price elasticity of demand. Knowing an item's price elasticity of demand assists someone dealing with that good to make intelligent pricing decisions. This metric provides merchandisers with information about consumer pricing perceptivity. It's also crucial for makers of goods to determine manufacturing plans, as well as for governments to assess how to put levies on goods. However, it's elastic, If the volume demanded of a product changes greatly in response to changes in its price. That is, the demand point for the product is stretched far from its previous point. However, it's inelastic, If the volume bought shows a small change after a change in its price. The volume didn’t stretchable much from its previous point.
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Of the following problems, which was the biggest one that farmers faced in the late 1800s?
Choose matching definition
1. tenant farming
2. federal reserve act
3. improving farm conditions
4. crop lien system
Crop lien system was the biggest one that farmers faced in the late 1800s. So option 4 is the correct option.
What issue confronted farmers in the 1800s?In the final part of the nineteenth century, numerous American farmers encountered major difficulties. They had to cope with financial difficulties brought on by sharply falling farm prices, unreasonably high import taxes, and overseas competition.
What effects did sharecropping and the crop-lien system have on Southern agriculture?Sharecroppers and tenant farmers were forced to raise cash crops like cotton and tobacco due to the burden of the crop-lien system. Other crops simply didn't produce enough to even come close to paying off their loan. But because so few cash crops are grown, the market becomes oversaturated.
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true/false. by identifying and eliminating the causes of uncertainty and risk in the supply chain, the supply manager may be able to reduce the needed inventories and therefore buy a lower quantity.
By identifying and eliminating the causes of uncertainty and risk in the supply chain, the supply manager may be able to reduce the needed inventories and therefore buy a lower quantity. This statement is true.
What are a risk management plan's primary goals, and why is it crucial to implement one?The goal of risk management is to recognise possible issues before they arise or, in the case of opportunities, to attempt to take advantage of them in order to make them happen. Risk-handling procedures may be used at any time over the course of the project.
Information hiding is not a risk management technique because it is based on the idea that the design decisions in a computer programmer that are most likely to change should be separated from the other parts, protecting them from significant modification in the event that the design decision is altered.
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use the chart to determine the marginal revenue associated with the sale of the second unit. g
The marginal revenue associated with the sale of the second unit is $8. the marginal revenue associated with the sale of the second unit.
what is marginal ?
Marginal refers to the additional benefit or cost of a one-unit change in the production or consumption of a good or service. It is used to measure the impact of a small change in an economic activity, such as the effect of a new employee on the productivity of a business or the impact of a new tax on consumer spending. Marginal analysis is used to identify the most efficient use of resources and to understand the potential gains from making a small change.
Marginal cost and marginal benefit are two important concepts in economics that are used to evaluate the value of a particular decision. Marginal cost is the cost of producing one additional unit of a good or service and marginal benefit is the benefit of consuming one additional unit.
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___ is the use of resources by an individual, firm, region, or nation to produce one or a few goods or services rather than the entire range of goods and servicesSpecializationCompetitionBusinessesCorporation
Correct answer will be option D. Specialization is the use of resources by an individual, firm, region, or nation to produce one or a few goods or services rather than the entire range of goods and services.
Specialization is a production method in which an organization focuses on producing a limited range of goods in order to improve productivity. Many nations, for example, specialize in producing goods and services indigenous to their region of the world, which they then trade for other items and services. Because few countries get enough manufacturing capability to be completely self-sufficient, specialization is the foundation of global trade. In business, specialization entails concentrating on one good or service or a limited range of products in order to improve efficiency. Specialization can boost the productivity and provide a firm or economy with a competitive advantage.
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When the auditor believes a misstatement is or may be the result of fraud but that the effect of the misstatement is not material to the financial statements, which of the following steps is required?a. Consider the implications for other aspects of the audit.b. Resign from the audit.c. Commerce a fraud examination.d. Contact regulatory authorities.
A. Consider the implications for other aspects of the audit. The auditor must assess the ramifications for the audit if they determine that fraud caused the financial statements to be materially misstated.
Financial statements are documents that describe a company's operations and financial performance. Government organisations, accounting companies, etc. frequently audit financial accounts to guarantee accuracy and for tax, financing, or investment purposes. The balance sheet, income statement, statement of cash flow, and statement of changes in equity are the four basic financial statements for for-profit entities. A comparable but distinct set of financial statements is used by nonprofit organisations. Financial information is used by investors and financial analysts to assess a company's performance and forecast where the stock price will go in the future. The annual report, which includes the company's financial statements, is one of the most significant sources of trustworthy and audited financial information.
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