A​ ______ is a multinational company that has a global scope and does not consider any particular country as its​ base, home, or headquarters.
A transnational organisation is a multinational corporation with an international focus that does not regard any specific nation as its base, residence, or headquarters.
What purpose do global corporations serve?MNCs are essential to the expansion of the economy in the age of globalisation. MNCs make a contribution through foreign direct investments. Fdi has a direct impact on the GDP, GNP, foreign trade, and foreign reserves. Being an MNC can be quite advantageous to a firm. A multinational corporation (MNC), also known as a multinational company, is any business that is registered and operating simultaneously in more than one country. The corporation often has its headquarters in one country and operates fully or partially owned subsidiaries in other countries. The majority of company decisions are made by a small number of people in a system of organisation known as centralised management.
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Williams Auto has a machine that installs tires. The machine is now in need of repair. The machine originally cost $11,400 and the repair will cost $2,400, but the machine will then last two years. The labor cost of operating the machine is $0. 50 per tire. Instead of repairing the old machine, Williams could buy a new machine at a cost of $6,400 that would also last two years; the labor cost would then be reduced to $0. 25 per tire. Williams expects to install 11,400 tires in the next two years. A. Determine the total (two-years) cost for both repairing and replacing the machine
Williams should fix the equipment because it will cost less overall than to replace it.
What is labor cost?Labor expenses are an employer's total out-of-pocket expenditure for hiring employees.
Williams Auto has a machine that installs tires. Even if the equipment needs maintenance, it will only operate for another two years. Operating the machine costs $0.70 per tire in labor. Instead of repairing the old machine.
1. Total cost of Repair = Repair cost + Operating cost
= $1,700+10,700*$0.70
= $1,700 + $7,490
= $9,1902.
2. Total cost to replace = Repair cost + Operating cost
= $5,700+10,700*$0.5
= $5,700+$5,350
= $11,050
Therefore, Williams should repair the machine.
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which of the following statements about the operations function is not correct? group of answer choices inputs to operations can take many different forms. operations management activities are information and decision intensive. nearly all operations activities require coordination with other business functions. the outputs of an operations function are always tangible.
C) The outputs of an operations function are always tangible is not correct about operations function.
The operational functions are the major functions that are part of the organization's principal operating activity. The managerial steps that management takes to facilitate an organization's operational functions are planning, organizing, coordinating, and controlling.
Organizations are made up of various departments or parts that must collaborate but often struggle to do so. An operations manager is responsible for ensuring that all of these distinct cogs operate together to achieve both their own goals and the company's overall goals.
Operations managers must be able to efficiently promote cross-departmental collaboration, such as integrating human resources to project management, marketing and content to sales, and supply chain management to finance and facilities.
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Correct question:
Which of the following statements about the operations function is NOT correct?
A) Inputs to operations can take many different forms.
B) Nearly all operations activities require coordination with other business functions.
C) The outputs of an operations function are always tangible.
D) Operations management activities are information and decision intensive.
What career cluster teaches you to manage natural resources?
Agriculture, Food & Natural Resources Career Cluster teaches you to manage natural resources
Natural resources are materials that come from the earth, including food, textiles, metals, water, fertilisers, and geothermal energy. Natural resources are things that happen naturally and are beneficial to people or might be useful in the future under possible social, economic, or technological conditions. The natural sciences have historically had a monopoly on the study of natural resources. Natural resources are a component of the environmental context. The environmental context encompasses all of a landscape's elements, characteristics, and activities. The term "natural resource" refers to a wide variety of substances that are found in nature, including metals, fossil fuels, water, air, and many others. All natural resources have value because of what they can do for humanity.
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what is the primary question a mission statement should answer? multiple choice question. what are our short-term goals? who is our target market? what type of business are we? what specific tasks should we perform in the next year?
What particular tasks should we complete over the coming year.
What does the word "task" mean?a task that needs to be completed, particularly one that is ongoing, arduous, or done against one's will: We frequently ask interview candidates to do a few easy computer activities to gauge their aptitude.
How do chores skills work?Task skills are a variety of general abilities that are necessary to properly execute various typical jobs that can be found in most workplaces. They should be separated from the more profession-specific abilities that come from specialized training because they only apply to general settings.
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the act of corporations working collaboratively with other businesses, concerned persons, and organizations is an example of stakeholder multiple choice networks. motivation. systems. salience. prev
The answer is motivation .An organisation is a business, institution, or group of people with a single, overarching objective (Commonwealth English; see spelling variations).
The term is derived from the Greek word organon, which is often used to describe a variety of equipment and instruments as well as an organ.There are many different types of legal entities, including corporations, governments, non-governmental organisations, political parties, international organisations, armed forces, nonprofit organisations, for-profit companies, partnerships, cooperatives, and educational institutions, to name a few.A hybrid organisation is one that concurrently generates commercial market activity in the public and private sectors while carrying out public duties.A voluntary association is a group that is run entirely by volunteers. Certain organisations may be allowed to exist without following formal legal rules depending on the jurisdiction.
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during the year, the accounts payable of a company rose from $115,200 to $134,300. this change represents a:
During the year, the accounts payable of a company rise from $115,200 to $134,300. this change represents a source of $19,100 of cash as an operating activity. Option (e) is correct.
What is financing activity?Transactions between a business and its lenders and owners to obtain or repay resources are referred to as financing operations.
If Accounts payable rises over the previous period, it indicates that the business is using credit rather than cash to purchase more goods and services. A company's accounts payable (AP) will decline if it is paying its commitments from the prior period more quickly than it is acquiring new things on credit.
Therefore, Option (e) is correct.
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Your question is incomplete, most probably the complete question is;
During the year, the accounts payable of the company rose from $115,200 to $134,300. This change represents a:
Multiple Choice
A. source of $19,100 of cash as a financing activity.
B. use of $19,100 of cash as an investment activity.
C. use of $19,100 of cash as an operating activity.
D. source of $$19,100 of cash as an investment activity.
E. source of $19,100 of cash as an operating activity.
bestbrew corp. and true coffee inc. were two leading coffee manufacturing firms. they united and created a whole new firm called true brew inc. that used the best customer front-end and operational back-end processes of the two firms. this union is an example of a .
BestBrew Corp. and True Coffee Inc. were two leading coffee manufacturing firms. They united and created a whole new firm called True Brew Inc. that used the best customer front-end and operational back-end processes of the two firms. This union is an example of a merger. Option D is correct.
Mergers and acquisitions (M&A) are corporate transactions in which ownership of a company, other business organization, or its operational units is transferred to or merged with that of another firm or business organization. M&A, as a component of strategic management, may enable businesses to grow or shrink, as well as changing the nature of their business or competitive position.
A merger is a legal merging of two commercial companies into one, whereas an acquisition happens when one entity acquires the share capital, equity interests, or assets of another firm. A merger of equals is a partnership in which both CEOs agree that joining forces is in the best interests of both of their firms.
The complete question is:
BestBrew Corp. and True Coffee Inc. were two leading coffee manufacturing firms. They united and created a whole new firm called True Brew Inc. that used the best customer front-end and operational back-end processes of the two firms. This union is an example of a _____.
A. brownfield entryB. greenfield entryC. takeoverD. mergerTo learn more about mergers, here
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in 1954, the government of bolivia began taking land from juan lopez, a bolivian citizen and resident, for public projects, including an international airport. the government directed the payment of compensation in exchange for at least some of his land, but the government never paid the full amount. in 1993, the bolivian government acknowledged that debt, which was approximately $250 million, but still did not pay. because mr. lopez had passed away, his heirs, grecia and alejandro lopez, who were both u.s. citizens, filed a suit in a federal district court in the united states against the government of bolivia, seeking damages for the taking. can the court exercise jurisdiction?
In the year 1954, the government of Bolivia-------------. Yes, the court of United States has the jurisdiction in this situation . There is a foreign sovereign immunity act which states that whether or not a citizen of the United States can bring a lawsuit against a foreign government in a US court.
What is Supreme Court?The Supreme Court is the highest court in the United States and is the final court of appeal for all legal disputes in the country. It is part of the judicial branch of the federal government, along with lower federal courts and state courts.
The Supreme Court has the power to strike down laws it deems unconstitutional, and its decisions are binding on all other courts in the country.
The above case against Bolivian government can bring in the United States court and the court has the jurisdiction to look into the matter.
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5. how would a production function that exhibits decreasing marginal product affect the shape of the total cost curve? explain or draw a graph.
As the amount produced rises, the total cost curve will rise at an accelerating pace, or, put another way, it will become steeper.
How does a declining marginal product affect the overall product?Returns for this business are rising. Because of the rise in one variable input, the firm initially produces more quickly, which is why this happens. declining marginal product .Although at a sluggish rate, the overall product grows at this stage.
The marginal cost is the difference between the marginal product and the market price. The firm's supply curve will be upward sloping when the rule of declining marginal returns is in force since the marginal cost curve, which is above the minimal average variable cost, is the firm supply curve.
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which ethical approach typically focuses on the attainment of fair and equitable distribution of economic
The Justice theory is an ethical approach that proposes that decision makers be fair, honest and impartial in sharing costs and benefits.
Justice Theory aims to achieve an equitable distribution of economic goods and services. A just distribution is a distribution that is considered fair and equitable.
Justice as an ethical approach is that all people in society are treated equally, regardless of rank, position, class, creed or race. This is also referred to as the fairness approach in economic ethics theories.
This approach states that those who perform well should be rewarded according to their performance. Favoritism should not be encouraged within the organization.
The four components of organizational justice are:
distributive, procedural, interpersonal, and informational.The research also emphasizes the importance of affect and emotion in assessing the validity of a situation and behavioral and attitudinal responses to a situation.
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Critics who claim that tradable emission allowances are equivalent to the government issuing licenses to pollute are ignoring the economic ideas that resources are scarce and​ trade-offs exist.
True or false?
The economic theories that underpin True are disregarded by critics who assert such marketable emission allowances are the same as the government granting permits to pollute.
What do those who dispute the comparable nature of tradeable emission allowances say?Those who argue that trading emission allowances is the same as the government providing permits to pollute ignore the economic principles of scarcity and trade-offs.
Why do economists favor charges or permits over regulations to reduce pollution?While each of these strategies can be successful in achieving environmental objectives, economists generally prefer strategies like pollution prevention or emission trading authorizes over state regulation because these two create incentives for businesses to reduce carbon emissions in the most effective, economical way.
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according to the electure, the job application process is similar to other forms of business communication. but in this process, your message, or end product, is
According to the electure, the job application process is similar to other forms of business communication. but in this process, your message, or end product, is a job application.
The job application process involves creating a document that will be used to introduce yourself to a potential employer. It should include information that is relevant to the job you are applying for, such as your work experience, education, skills, and qualifications.
You will also need to include a cover letter that explains why you are a good fit for the position and why you are interested in the role. You may also need to include other documents such as a resume, references, and portfolios.
Once your application is complete, you should submit it to the employer or job board. The employer will then review your application and contact you if they are interested in furthering the conversation.
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suppose an economy begins in steady state. by what proportion does per capita gdp change in the long run in response to each of the following changes. a) investment rate increases from 30% to 33% b) depreciation rate falls by 10% c) productivity rises by 5% d) an earthquake destroys 35% of the capital stock e) a generous immigration policy leads population to double.
I'll be there for part d; it's here. Ours has. The capital stock will be destroyed by an earthquake to the extent of 75%. We'll undoubtedly plummet dramatically if the earthquake destroys 75% of the capital stock, but it will rise exponentially until it reaches its stable state, at which point portion E will begin to take effect.
As a result, we started by examining the point at which the investment rate doubles. The per capita gross domestic product will therefore rise when the investment rate doubles. As a result, the per capita GDP will rise when the investment rate doubles because investments will expand at a faster pace than the steady state growth rate and then for component b. Since the depreciation rate has decreased by 10%, we have also experienced a 10% decrease. Therefore, if the depreciation rate decreases by 10%, commodities will become more affordable. However, this won't have an impact on per capita GDP, hence it has no impact on per capital. GTP thus does not have an impact on per capita.
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rankine company estimates its bad debt expense by aging its accounts receivable and applying percentages to various age groups of the accounts. rankine calculated a total of $4,000 in possible credit losses as of december 31. accounts receivable has a balance of $128,000 and the allowance for doubtful accounts has a credit balance of $500 before adjustment at december 31. what is the amount of the december 31 adjustment to provide for credit losses? $answer what is the net amount of accounts receivable that should be included in current assets?
The net amount of accounts receivable that should be included in current assets is $124,500.
To determine the amount of the December 31 adjustment to provide for credit losses, we need to compare the existing allowance for doubtful accounts balance to the estimated credit losses as of December 31.
The total estimated credit losses as of December 31 are $4,000. We need to calculate the required balance for the allowance for doubtful accounts, which is the difference between the estimated credit losses and the existing credit balance of the allowance account.
Required balance for the allowance for doubtful accounts = Estimated credit losses - Existing credit balance of the allowance account
= $4,000 - $500
= $3,500
Therefore, the December 31 adjustment to provide for credit losses is $3,500.
To calculate the net amount of accounts receivable that should be included in current assets, we need to subtract the allowance for doubtful accounts from the balance of accounts receivable.
Net amount of accounts receivable = Accounts receivable - Allowance for doubtful accounts
= $128,000 - $3,500
= $124,500
Therefore, the net amount of accounts receivable that should be included in current assets is $124,500.
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group phenomena that evolve over time and include established approaches to initiating and planning projects, the acceptable means for getting the work done, and recognized decision-making authorities are referred to as:
The starting process group is often involved when a project is formally approved and given to a project manager. The group's two primary processes are developing the project charter and identifying the project stakeholders.
What is the name of the collection of initiatives, plans, and activities that are controlled to achieve strategic objectives?
A portfolio is a collection of projects that are managed collectively to achieve specific objectives. One portfolio may contain all of an organization's projects, programs, and operational tasks.
Which groups of the project management process are they called?
The five categories of project management procedures are beginning, planning, carrying out, controlling, and finishing up.
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college tuition: if the student does not live in-state, which symbol in the flowchart should you use to follow the decision symbol? what processes should be in it? diamond: statediscount
If the student does not live in state we should use the arrow which are the flow lines, to follow the decision symbol in the flow chart.
If the student has gotten a scholarship and is living outside of the state then the fees should be less than what he or she usually had to pay.
Similarly, if the student hasn't gotten a scholarship and is living out of state, then the fees again should be less than that what had to be paid.
A diagram that depicts a workflow or process is called a flowchart. Another definition of a flowchart is a diagrammatic description of an algorithm or a step-by-step process for solving a problem. The flowchart displays the stages as a series of boxes of varying sizes, with arrows joining the boxes in the correct order.
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the components of attitudes include multiple choice values, beliefs, and emotions. affective, cognitive, and behavioral. personal and workplace. perceived and real. public and personal.
The components of attitudes include affective, cognitive, and behavioural.
The three components of attitude are:
1. Affective component: The emotional part of a disposition connects with the inclination or feeling an individual has towards an article or something like that.
2. Behavioral component: These parts need to manage the way and way one acts towards an item or something to that effect.
3. Cognitive component: This part connects with the information exhibited by a person in his demeanour towards an article or something to that effect.
For instance, examining the mentality of a person towards the new Covid pandemic, an individual's sensation of dread or trouble subsequent to finding out about the infection is the emotional part. In the event that the singular figures out more data about how the infection spreads and how to forestall the spread utilizing defensive hardware like facemask, we can derive to this as the mental part of his disposition. On the off chance that the singular makes further stride in putting on cover and furthermore keeping social separation, we can allude to this as the conduct part of his mentality toward the Covid pandemic.
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Complete Question -
The components of attitudes include
A. values, beliefs, and emotions.
B. affective, cognitive, and behavioral.
C. personal and workplace.
D. perceived and real.
E. public and personal.
Tax incidence is the division of the burden of tax between:________
Tax incidence refers to the division of the burden of a tax between the buyer and the seller
A tax incidence occurs when buyers and sellers are both responsible for paying taxes. The payers of a new tax, such as producers and consumers or various socioeconomic classes within a society, will be identified by the tax incidence. Consideration of a good's demand elasticity can help in comprehending the tax incidence across parties. Who will pay the price of a new tax consumers or producers is determined by the tax incidence. Corporation tax or tax burden in economics refers to how a particular tax affects how economic wellbeing is distributed. The entities that ultimately pay the taxes as well as those initially subject to them are distinguished by economists.
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for the year ending august 31, mammalia medical co. mistakenly omitted adjusting entries for (1) depreciation of $8,200, (2) fees earned that were not billed of $11,700, and (3) accrued wages of $2,600. indicate the effect of the errors on (a) revenues, (b) expenses, and (c) net income for the year ended august 31.
It is a crucial component of a company's books since it displays the performance of the business. The net profit is computed by subtracting all costs from the total revenue for the fiscal year.
What are Expenses?Expenses: It is the expense made by the organization to make money. It appears as a debit side in the income statement.Net Income: Net income is the amount left over after deducting all of the company's expenses, both direct and indirect, for the given period from all revenues.Revenue: It is the money the business makes from its main lines of operations. Income can be obtained by selling products or by offering clients services.Accrued Wages: These are the employee earnings that were earned but unpaid at the end of the reporting period. It appears on the balance sheet under the heading current liabilities.To know more about Expenses, visit:
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two food delivery services merge, effectively reducing the number of corporations competing in the food delivery industry. this is an example of a(n)
Horizontal merger. Two food delivery services merge/merged, effectively reducing the number of corporations competing in the food delivery industry. this is an example of a(n) horizontal merger.
A horizontal merger is a merger or merger between companies in the same industry. Competition between companies operating in the same sector is usually more intense. In other words, the synergies and potential market share gains from corporate mergers are much greater.
This type of merger often occurs when large companies seek more efficient economies of scale. Conversely, vertical mergers occur when companies in different parts of the supply chain join forces to make production processes more efficient or reduce costs.
A horizontal merger is a merger of companies in the same industry. Creating one strong company instead of two competitors often leads to opportunities to eliminate competition.
Horizontal mergers can significantly increase revenue because the combined company has access to a wider variety of products and services.
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when you see a production possibilities frontier (ppf) drawn as a straight line, the opportunity cost of one good or service (in terms of units of the other good or service that must be given up) is assumed to be: multiple choice question.
When you see a production possibilities frontier (ppf) drawn as a straight line, the opportunity cost of one good or service is assumed to be constant.
What does a frontier of economic output potential entail?
The graph of the Production Possibilities Frontier (PPF) displays every possible output combination of two items that can be made using the available materials and scientific knowledge at the time.
What is the limit of possible manufacturing, and why does it move?
The Production-Possibilities Frontier is the idea that production inputs like labor and capital are scarce in a specific economy. A variety of things must be generated from the limited resources because there is a cap on the amount of each object that may be produced.
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which model is best used to understand the ways in which information technologies allow a firm to both attain and sustain a competitive advantage?
One model that is commonly used to understand the ways in which information technologies allow a firm to attain and sustain a competitive advantage is the Resource-Based View (RBV) model.
The Resource-Based View model emphasizes that a firm's resources and capabilities are the primary sources of competitive advantage, and that a firm's ability to leverage its resources and capabilities through the effective use of information technologies can lead to sustained competitive advantage.
According to the RBV model, a firm's resources and capabilities can be categorized into three types: Physical resources: This includes tangible assets such as buildings, equipment, and inventory. Human resources: This includes the skills, knowledge, and expertise of a firm's employees. Organizational resources: This includes a firm's processes, systems, and culture.
By leveraging information technologies such as enterprise resource planning (ERP) systems, customer relationship management (CRM) systems, and data analytics tools, firms can enhance their organizational resources, streamline their processes, and gain insights into their customers and markets, leading to increased competitiveness.
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security armored car corporation employs theo as an agent. without security's knowledge but otherwise acting within the scope of employment, theo commits a crime. the state can successfully prosecute neither security nor theo. security only. security or theo. theo only.
In this scenario, Theo committed a crime without the knowledge of his employer, Security Armored Car Corporation. As long as Theo was acting within the scope of his employment, the corporation may be held liable for his actions under the doctrine of respondeat superior.
However, since the state cannot successfully prosecute Security Armored Car Corporation or Theo, it is likely that the corporation will not be held liable. Theo, on the other hand, can still be held criminally liable for his actions even though he was acting within the scope of his employment. It is important to note that just because Theo was employed by Security Armored Car Corporation does not absolve him of responsibility for his criminal actions. In conclusion, while Security Armored Car Corporation may not be held liable, Theo can still be held criminally responsible for his actions.
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gently laser clinic purchased laser equipment for $6,593 and paid $728 down, with the remainder to be paid later. the correct entry would be
The purchase price, sales taxes, transportation fees, insurance paid to cover the item during shipment, assembly, installation, and all other costs involved with preparing the item for use are all included in the cost of equipment, vehicles, and furniture.
Cost of Equipment = $4,249
Cash paid = $627
Accounts payable = Cost of Equipment - Cash paid
= $4,249 - $627
= $3,622
JOURNAL ENTRY
Equipment $4,249
Accounts Payable $3,622
Cash $627
The answer is Equipment$4,249 Accounts Payable$3,622 Cash$627
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1. what effect will each of the following have on the demand for small automobiles such as the mini-cooper? a. small automobiles become more fashionable. b. the price of large automobiles rises (with the price of small autos remaining the same). c. income declines and small autos are an inferior good. d. consumers anticipate that the price of small autos will greatly come down in the near future. e. the price of gasoline substantially drops. 2. true or false: a change in quantity demanded is a shift of the entire demand curve to the right or to the left. 3. what effect will each of the following have on the supply of auto tires? a. a technological advance in the methods of producing tires. b. a decline in the number of firms in the tire industry. c. an increase in the prices of rubber used in the production of tires. d. the expectation that the equilibrium price of auto tires will be lower in the future than currently. e. the levying of a per-unit tax on each auto tire sold. f. the granting of a 50-cent-per-unit subsidy for each auto tire produced.
a. Rise - As small automobiles are quite popular, individuals are going to want to buy small cars such as the Mini Cooper. This will boost growth for smaller cars such as the Mini Cooper and Smart Cars.
b. Increase - As the price of huge automobiles rises, their demand falls, while popularity for small automobiles rises.
c. Increase - We understand that commodities have a negative demand elasticity of income. When income falls, so does demand for only certain products. As a result, when income is too low, supply for comparatively tiny automobiles rises.
d. Decrease - If people anticipate that the valuations of small automobiles will collapse inside the long term, those who might very well keep delaying their buying. As a result, current demand will be reduced.
e. Uncertainty - Whenever the price of gasoline falls, we cannot predict whether demand will rise or fall.
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the congressional budget office (cbo) has estimated the following responses over a 10-year period to a 10 percent rise in cigarette prices. long-run price elasticities for cigarettes age group percent decline in smoking 12-17 years 5% 18 years 4.5% 19-39 years 4% 40 years and older 1.5% what is the long-run price elasticity of demand for cigarettes among 18-year olds?
According to estimates, the demand for cigarettes among 18-year-olds has a 4.5% long-term price elasticity. The following replies have been calculated by the congressional budget office (cbo). long-run
In contrast to the short-run, where at least one input is fixed, the long-run in economics refers to a period of time during which all inputs can be adjusted. Long-term adjustments to market conditions, such as shifts in prices or technological advancements, can be made by both consumers and businesses in terms of production scale and procedures. The long-run idea is significant because it emphasises the significance of taking into account the dynamic character of economic systems and enables a more realistic understanding of how markets and the economy function over time. In economic modelling, forecasting, policy analysis, and decision-making, long-run analysis is frequently utilised.
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which component is comprised of a company’s capabilities, competitors, corporate partners, and the physical environment?
Answer:
Explanation:
The component that is comprised of a company's capabilities, competitors, corporate partners, and the physical environment is the company's external environment. The external environment refers to all of the factors and forces that are outside of a company's control but can still affect its operations and performance. This includes the company's competitors, customers, suppliers, regulatory agencies, economic conditions, technology, and many other factors that can influence the company's success. Understanding the external environment is an important part of strategic planning and helps companies to identify both opportunities and threats and to make informed decisions that support their long-term success.
what year was the full pentagon papers finally declassified
The full Pentagon Papers were declassified and released to the public in 2011, nearly 40 years after they were leaked to the press.
What are Pentagon papers?The Pentagon Papers were a top-secret study of the U.S. involvement in the Vietnam War, commissioned by Secretary of Defense Robert McNamara in 1967. The study was conducted by a team of analysts and historians who examined classified documents and conducted interviews with government officials and military leaders.
In 1971, however, a former military analyst named Daniel Ellsberg leaked portions of the study to The New York Times and other newspapers. The leaked documents revealed a history of U.S. involvement in Vietnam that was different from the official narrative, and included evidence of government deceit and mismanagement of the war.
The release of the full Pentagon Papers in 2011 marked the culmination of a long process of declassification and disclosure, and provided historians and the public with a comprehensive record of U.S. involvement in the Vietnam War. The Pentagon Papers remain a significant historical document and a cautionary tale about the dangers of government secrecy and the importance of transparency and accountability in government.
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Why do binding price floors cause a deadweight loss? a) A binding price floor prevents some mutually beneficial exchanges from happening. b) Binding price floors do not cause a deadweight loss. By keeping prices higher than the market equilibrium price, consumer and producer surplus increase. c) A binding price floor increases producer surplus and increases producer surplus by an equal amount, leaving total surplus unchanged. d) A binding price floor increases consumer surplus and decreases producer surplus by an equal amount, leaving total surplus unchanged.
Some of the mutually beneficial transactions are prevented by a binding price floor. A deadweight loss is not brought on by binding price floors. Price maintenance above the price of market equilibrium increases consumer and producer surplus.
What are some instances of benefits?
He expects that a lot more individuals will benefit from the new medicine. Numerous health benefits can be derived from regular exercise. They have a connection that is advantageous to/for them both. While some insects are dangerous, others are helpful. An estimation or projection, stated in monetary or non-monetary terms, of the anticipated benefits or outputs of a planned activity, initiative, or programme.
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