Option B,D and E. The three main instruments of trade policy are: Import quotas, Subsidies, Voluntary export restraints.
Isolationism measures and franchises are not typically considered as instruments of trade policy.
Isolationism measures refer to policies aimed at limiting a country's interaction with other countries, such as through restrictions on trade, immigration, or cultural exchange.
Franchises refer to a type of business model where a company allows another party to use its brand name, products, and business model in exchange for a fee. While franchising can involve international trade, it is not a specific instrument of trade policy.
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What are three main instruments of trade policy? multiple select question.
A. isolationism measures
B. voluntary export restraints
C. franchises
D. subsidies
E. import quotas
a ________ is a multinational company that has a global scope and does not consider any particular country as its base, home, or headquarters.
Answer:
A multinational corporation (MNC)
Explanation:
A multinational corporation (MNC) is a multinational company that has a global scope and does not consider any particular country as its base, home, or headquarters. MNCs have operations and subsidiaries in multiple countries and are involved in a variety of activities such as production, research and development, marketing, and distribution. These companies are typically characterized by their large size, global reach, and the ability to generate significant economic and political influence. Some well-known examples of MNCs include Coca-Cola, McDonald's, and Microsoft.
a tax on buyers will shift the a. demand curve upward by the amount of the tax. b. demand curve downward by the amount of the tax. c. supply curve upward by the amount of the tax. d. supply curve downward by the amount of the tax.
The supply curve will be shifted lower by the tax's amount if there is a tax on consumers.
What is supply curve ?A supply curve is a graph that illustrates how a change in a product's price impacts the volume of supplies a seller provides. The horizontal x-axis displays the quantity supplied, while the vertical y-axis displays the price. The supply curve often depicts an upward-sloping line or curve to demonstrate that when prices rise, supply rises along with them. The law of supply is the name for this theory. Market supply curves are used when a supply curve describes a whole competitive market as opposed to just one supplier.
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One of the main complaints made by critics of employment tests is that these tests
A) fail to take the interests and personalities of the test takers into account.
B) cannot measure basic competencies.
C) may discriminate against certain groups.
D) take so long to conduct and evaluate that they slow down the selection process.
One of the main criticisms levelled against employment tests is that they might be biased against particular groups because they might not account for the workforce diversity.
What are the drawbacks of employment tests?Employment tests are a common method used by organisations to choose job candidates. However, because of their potential to oppress some communities, these exams have come under fire. Critics assert that job assessments might not take into consideration the variety of the workforce, including elements like linguistic and cultural disparities.
The test's actual content may also be unfair to particular groups or reflect the requirements of the job incorrectly. In some cases, the results of job tests may even have an unintentional discriminatory effect on some groups more than others. For this reason, it's essential for companies to carefully assess if their recruiting practises do not prejudice certain groups.
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when a tax is placed on the buyers of a product, buyers pay a. more and sellers receive more than they did before the tax. b. more and sellers receive less than they did before the tax. c. less and sellers receive more than they did before the tax. d. less and sellers receive less than they did before the tax.
Answer:
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true or false: assume a stock is currently trading at $50 per share. a momentum trader who wants to buy the stock if it breaks resistance at $52 should submit a limit order to buy at $52.
assume a stock is currently trading at $50 per share. a momentum trader who wants to buy the stock if it breaks resistance at $52 should submit a limit order to buy at $52. the statement is true.
Stocks are units of ownership in a company that represent a claim on part of the company's assets and earnings. When an individual buys a stock, they effectively become a partial owner of the company and are entitled to a portion of its profits. Stocks are traded on stock exchanges, such as the New York Stock Exchange (NYSE) and the NASDAQ, and their prices are determined by supply and demand. Companies issue stocks to raise capital for their operations, and individuals and institutions can purchase stocks as a form of investment. Owning stocks can be a way to build wealth over the long-term, but it also comes with the risk that the stock price may decrease.
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if the federal trade commission found that a corporation committed a deceptive trade practice, what remedies may the ftc employ?
if the federal trade commission found that a corporation committed a deceptive trade practice, they may penalise, redress and give an order.
The Federal Trade Commission is responsible for verifying the information in each disclosure document that the franchisor sends to a potential franchisee. If the commission figures out that an entity has employed dishonest business procedures practices, it may then take into account a number of remedies to address the problem and protect consumers. Among the corrective actions, some include:
Order to refrain and cease: The commission has the authority to issue orders requiring the entity to stop using the misleading technique.
Customer redressal: The commission may order the entity to provide refunds or other forms of compensation to customers who were wronged by the deceptive practice.
Penalties: The commission is authorised to seek civil penalties from the entity, including fines and other monetary penalties.
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Click this link to view O*NET’s Work Contexts section for Lawyers. It describes the physical and social elements common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Lawyers? Check all that apply
According to O*NET, some common work contexts for Lawyers are
Provide clients with counsel and representation in legal proceedings and before public authorities.maintain open lines of communication with their clients, coworkers, judges, and other case participants.What are Lawyers?Lawyers are referred to as individuals who possess a career in law and have education and expertise in various domains of legislation and helps their client to deal with legal issues. They are also called Advocates.
In court and in private legal complications, they offer advice and help them escape. In order to design a case argument, they interact with their clients, coworkers, and other parties engaged in the case. They also conduct research on legal issues and analyze them.
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Answer:
importance of being exact or accurate
telephone
indoors, environmentally controlled
letters and memos
a company's marginal cost function is where x is the number of units. find the total cost of the first 49 units (of increasing production from x
The marginal cost function is
12 C(x) =
Integrating on both sides with respect to x
from x = 0 to x = 49
49 -49 $* C(x= C(x)dx 12 dx = 0 0
C(x) 20 = 12(2x): C x= = - =1 49 x=0
C(49) - C(0) = 24(V49 - V0) =
C(49) = 24(7-O =
C(49)= 168
Total cost = $ 168
Marginal Cost is the cost to produce each unit, and we want to find the total cost of producing the first 49 units. Generally speaking, if the cost function is represented by C(x), the marginal cost function is the derivative, C'(x). Therefore, if we want to find the total cost function from the marginal cost function we need to integrate. And since we are looking specifically at the total cost to produce the first 49 units
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cynthia's design studios had sales the last four months of $13,700, $15,400, $17,400, and $18,800. sales are related to how many designers cynthia has on-duty. the sales forecast helps her decide on the proper staffing levels. round your answers to the nearest whole number.
a. The forecast for the fifth month using a two-period moving average is $18,025.
b. The forecast for the fifth month using α = 0.75 in an exponential smoothing model with A4 = 18,600 and F4 = $16,923 to get things started is $18,181.
a. A two-period moving average formula for a time series x₁, x₂, x₃, x₄ is calculated as
MA = (x₁ + x₂ + x₃ + x₄)/4
Five-month forecast using a two-period moving average:
Two-period moving average = (sales of month 3 + sales of month 4)/2
Two-period moving average = (17,450 + 18,600)/2
Two-period moving average = 36,050/2
Two-period moving average = $18,025
b. Exponential smoothing is a technique used to smooth out data points in a series by applying a weighted average. It is a popular technique used in time series analysis to make future predictions based on past data.
Using an exponential smoothing approach, forecast for the fifth month:
α = 0.75
A4 = 18,600
F4 = 16,923
Formula:
Forecast = F4 + α(A4 - F4)
Forecast = 16,923 + 0.75(18600 - 16,923)
Forecast = 16,923 + 1257.75
Forecast = 18180.75
Forecast for the fifth month = $18,181
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Th complete question is:
Cynthia's Design Studios had sales the last four months of $13,700, $15,400, $17,450, and $18,600. Sales are related to how many designers Cynthia has on- duty. The sales forecast helps her decide on the proper staffing levels. Round your answers to the nearest whole number.
a. What is the forecast for the fifth month using a two-period moving average?
b. What is the forecast for the fifth month using α = 0.75 in an exponential smoothing model with A4 = 18,600 and F4 = $16,923 to get things started.
g suppose the interest rate is 10%. what is the present value of payoffs from the insurance contract to the contract buyer?
To determine the present value of payoffs from an insurance contract, we need to know the specific terms of the contract, including the timing and amount of payments.
How the present value is calculated from insurance contract?
Assuming the insurance contract involves a single payment of $100 one year from now and an interest rate of 10%, we can calculate the present value of the payment as follows:
PV = FV / (1 + r)^n
where PV is the present value, FV is the future value or payment, r is the interest rate, and n is the number of periods. In this case, n is one year.
Plugging in the numbers, we get:
PV = $100 / (1 + 0.10)^1
PV = $90.91
Therefore, the present value of the $100 payment one year from now at an interest rate of 10% is $90.91. This means that the contract buyer would be willing to pay up to $90.91 for the insurance contract to break even in present value terms.
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troy engines, ltd., manufactures a variety of engines for use in heavy equipment. the company has always produced all of the necessary parts for its engines, including all of the carburetors. an outside supplier has offered to sell one type of carburetor to troy engines, ltd., for a cost of $39 per unit. to evaluate this offer, troy engines, ltd., has gathered the following information relating to its own cost of producing the carburetor internally: per unit 21,000 units per year direct materials $ 18 $ 378,000 direct labor 11 231,000 variable manufacturing overhead 3 63,000 fixed manufacturing overhead, traceable 3 * 63,000 fixed manufacturing overhead, allocated 6 126,000 total cost $ 41 $ 861,000 *one-third supervisory salaries; two-thirds depreciation of special equipment (no resale value). required: 1. assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 21,000 carburetors from the outside supplier?
Based on this analysis, it appears that there is a financial advantage of $42,000 to buying 21,000 carburetors from the outside supplier.
To determine the financial advantage or disadvantage of buying 21,000 carburetors from the outside supplier, we need to compare the cost of producing the carburetors internally with the cost of buying them from the outside supplier.
Cost of producing 21,000 carburetors internally:
Direct materials = $18 x 21,000 = $378,000
Direct labor = $11 x 21,000 = $231,000
Variable manufacturing overhead = $3 x 21,000 = $63,000
Fixed manufacturing overhead (traceable) = $3 x 21,000 = $63,000
Fixed manufacturing overhead (allocated) = $6 x 21,000 = $126,000
Total cost of producing 21,000 carburetors internally = $861,000
Cost of buying 21,000 carburetors from the outside supplier = $39 x 21,000 = $819,000
The financial advantage (disadvantage) of buying 21,000 carburetors from the outside supplier is calculated as follows:
Financial advantage (disadvantage) = Cost of producing 21,000 carburetors internally - Cost of buying 21,000 carburetors from the outside supplier
= $861,000 - $819,000
= $42,000
However, this analysis assumes that there is no alternative use for the facilities that are currently being used to produce the carburetors. If there is an alternative use for these facilities that generates a higher return, then the financial advantage of buying from the outside supplier may be reduced or eliminated.
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what is the greatest impacts on large numbers of struggling farmers was a new deal program to
Farmers were relieved by the Agricultural Adjustment Administration (AAA), which paid them to reduce output, reduce surpluses, and raise prices for agricultural goods.
What results did the New Deal produce?
Increased government control over the economy and money supply, intervention to regulate prices and agricultural production, the start of the federal welfare state, and the development of trade were some of the longer-lasting changes brought about by the New Deal in the United States.
A The Federal Emergency Relief Administration supplied direct aid to the states so they could distribute it to unemployed people. During its brief existence, a work-relief programme offered jobs the following winter.
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is ensuring that project resources are not overallocated. a. resource leveling b. resource constraining c. resource starving d. resource management e. resource addition
The correct answer is e. resource addition is ensuring that project resources are not overallocated.
When a resource is scheduled for more work than they can reasonably complete in their regular work capacity, they are said to be overloaded. The resource calendar and the resource availability parameters in the Resource Information dialogue box establish a resource's work capacity. Using the resource management strategy of resource levelling, teams may more effectively adapt resource limitations and anticipate project durations. It aids in preventing bad project planning, which frequently causes unforeseen delays, overworked team members, and expense overruns.
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what is the purpose of flowcharting in a typical information technology business? to communicate between the business side of a company and the it side to help only the technical side of the company to help only the business side of the company flowcharts are not used in an information technology business none of the above
The purpose of flowchart in a typical Information Technology business is to communicate between the business side of a company and the IT side. The correct option is a.
What is a flowchart?A flowchart is a type of diagram that represents a workflow or process. A flowchart can also be defined as a diagrammatic representation of an algorithm, a step-by-step approach to solving a task. The flowchart shows the steps as boxes of various kinds, and their order by connecting the boxes with arrows. This diagrammatic representation illustrates a solution model to a given problem.
Flowcharts are used in analyzing, designing, documenting or managing a process or program in various fields.
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Caleb, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. Caleb later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies: __________
Later, Caleb revealed to his wife that although he is pleased with his accomplishment, he wants to remain modest because if he decides to add more things,...
What is mean by revealed?
to divulge or demonstrate something unexpected or previously hidden: He was imprisoned for divulging information to the Russians. [ + that ] Her biography showed that she was not as wealthy as people had assumed. to divulge or demonstrate something unexpected or previously hidden: He was imprisoned for divulging information to the Russians. [ + that ] Her biography showed that she was not as wealthy as people had assumed. [+ word for question] He refused to say where he had concealed her Easter eggs.
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Caleb wants to stay small to avoid having to reduce prices and take on more staff and overhead costs, which could lead to a decrease in quality or customer service.
Why does Caleb wants to remain small?Caleb want to remain small since, if he decides to introduce new items, small businesses are sometimes unable to compete with larger firms that have access to greater resources and a broader consumer base. This may force Caleb to dramatically lower his rates in order to compete, which may not be viable for his firm in the long run. Furthermore, expanding his firm might imply hiring more employees and increasing overhead expenditures, which could strain his finances too thin. Furthermore, Caleb may not have the time or energy to run a larger company, which might result in a drop in quality or customer service. All of these factors make it difficult for Caleb to justify expanding his company.
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which step of business process management allows managers to create a continually improving process?a. Step 3: process executionb. Step1: process designc. Step 5: proses optimizationd. Stepp 4: process monitoring
Step 5: process optimization is the step of business process management that allows managers to create a continually improving process. Option C is correct.
This step involves analyzing data from the process and identifying opportunities for improvement. Once opportunities are identified, changes are made to the process, and then the process is tested to see if the changes have had the desired effect.
The process is then monitored to ensure that the changes are sustainable and that the process continues to perform well over time. By continually optimizing the process, managers can ensure that their organization is operating efficiently and effectively.
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if amazon prime deliveries consistently arrive to their customers within the promised 2-day delivery window, which performance dimension is amazon doing well at?
If Amazon Prime deliveries consistently arrive within the promised 2-day delivery window, then Amazon is doing well at the performance dimension of "reliability" or "timeliness".
This dimension measures how well a company delivers its products or services on time and as promised. By consistently delivering within the promised 2-day window, Amazon is demonstrating its ability to meet customer expectations and deliver a reliable and timely service.
Amazon Prime is a paid subscription service from Amazon which is available in various countries and gives users access to additional services otherwise unavailable or available at a premium to other Amazon customers. Services include same, one- or two-day delivery of goods and streaming music, video, e-books, gaming and grocery shopping services. In April 2021, Amazon reported that Prime had more than 200 million subscribers worldwide.
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who developed many beauty and hair care products in business in 1906?
Madam C.J. Walker developed many beauty and hair care products in business in 1906
Madam C.J. Walker, an American entrepreneur, founded a highly successful hair care business in the 19th century. She formed the Madam C.J. Walker Manufacturing Company and developed the Fabulous Hair Grower, a coconut-oil and sulphur mixture, to treat Black women's scalps and hair. Sales for the Madam C.J. Walker Manufacturing Company peaked at $50,000 (the equivalent of $10 million today) per year. Walker's strategies resembled a number of modern marketing strategies, particularly those used in the cosmetics sector, including incorporation, a sales staff of well-paid agents, shrewd public relations, and self-promotion. One of the first millionaires who identified as female and African American, Madam Walker was also a humanitarian and a proponent of Black rights.
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humphries has cash of $10,000, accounts receivable of $2,500, accounts payable of $900, and inventory of $1,200. what is the value of the quick ratio?
The value of the quick ratio is 13.89 when Humphries has cash of $10,000, accounts receivable of $2,500, accounts payable of $900, and inventory of $1,200.
What is meant by quick ratio?The quick ratio gauges a business' ability to settle its immediate debts without having to liquidate its inventory or seek out extra funding. It is viewed as a more restrained metric than the current ratio, which counts all current assets as coverage for current liabilities. The quick ratio commonly referred to as the liquidity ratio, is a sort of liquidity ratio used in finance that assesses a company's capacity to rapidly pay off its current liabilities using its near-cash assets or quick assets.
The Quick Ratio = Current Assets other than Inventory / Current Liabilities
Given:
= ($10000 + $2500 ) / $ 900
= $ 12500 / $ 900
= 13.89
The quick ratio is 13.89 times
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Prepare a physical unit flow reconciliation with the following information. Blending process units of product beginning work in process inventory 170,000 units started this period 360,000 units completed and transferred out 390,000 ending work in process inventory 140,000Physical unit flow reconciliation Units accounted for: Units to account for:
To prepare a physical unit flow reconciliation, we need to account for all the units involved in the blending process. Units accounted for are 530000 units.
Here's the information given and the calculations we can make:
Beginning work in process inventory: 170,000 units
Units started this period: 360,000 units
Total units to account for: 170,000 + 360,000 = 530,000 units
Units completed and transferred out: 390,000 units
Ending work in process inventory: 140,000 units
Units accounted for: 390,000 + 140,000 = 530,000 units
Therefore, the physical unit flow reconciliation is as follows:
Units accounted for: 390,000 units (completed and transferred out) + 140,000 units (ending work in process inventory) = 530,000 units
Units to account for: 170,000 units (beginning work in process inventory) + 360,000 units (started this period) = 530,000 units
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what is the main reason that business organizations buy products?
Businesses buy things to use in ongoing operations and resell to customers, whereas consumers buy products for their personal use.
Why is corporate buying so important?
Businesses make purchases so they can provide customers with goods and services. As was previously stated, consumer buying behavior refers to individuals (or families) buying goods and services for their own use.
What does an organizational buy look like?
Purchasers within organizations come in a variety of forms. Retailers or wholesalers who buy products from one company and resell them to another are known as resellers. For instance, large grocery chains may buy products straight from manufacturers and resale them to end users.
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a(n) question allows respondents to express opinions, ideas, or behaviors in their own words without being forced to choose among alternatives that have been predetermined by a marketing researcher.
Open-ended, or long-form, questions permit respondents to provide answers in their very own words.
What kind of question lets in respondents to categorical opinions ideas and behaviors in their own words?A closed-ended question is made up of pre-populated answer preferences for the respondent to pick out from; whilst an open-ended question asks the respondent to supply feedback in their very own words.
Closed-ended questions are questions that can only be answered by means of selecting from a restricted variety of options, generally multiple-choice questions with a single-word answer , 'yes' or 'no', or a ranking scale (e.g. from strongly agree to strongly disagree).
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https://brainly.com/question/13321993#SPJ4Works that are published on an ongoing, regular basis are called:_________
Ongoing, regularly published works are referred to as: Sources that are consistently published include periodicals.
What is consistently opposed to?
This list of 89 words that are conceptually related to the word regularly includes the terms automatically, faithfully, frequently, repeatedly, and constantly. Additionally, the word frequently is not a precise synonym for daily or every day; rather, it simply refers to a regular regularity or habit. For instance, when someone claims to often visit the dentist, they might not necessarily mean that they do it daily but rather that they do so frequently, such as once or twice a week. Regular exercise, whether it be through sports, playing a sport, walking, cycling, wheeling, or other forms of physical recreation, is beneficial to health. It is best to exercise slightly than not at all.
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Which method assigns probabilities based on the assumption of equally likely outcomes?
Classical Approach determining probability with the assumption that all possible outcomes are equally likely.
What kinds of results are there?Organizational, team, and individual outcomes are the three different categories of results.
What characteristics define a successful outcome?Think carefully exactly what you can actually achieve given the groups your want to target and the range of your resources. Good outcome goals are clear, measurable, and practical. Develop the following results: • Your outcomes should specify what you hope will occur once your action is finished.
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A constraint in a decision is a restriction placed on ______to the problem at hand
A decision-making constraint is a limitation imposed on potential solutions to the issue at hand.
The required details about potential is mentioned in below paragraph.
Potential typically refers to a skill that is still being developed. The phrase is used in a wide range of disciplines, from physics to the social sciences, to describe things that are capable of changing in a number of ways, from the straightforward release of energy by objects to the realization of skills in individuals. In his works Physics, Metaphysics, Nicomachean Ethics, and De Anima, which is about the human psyche, the philosopher Aristotle incorporated this idea into his theory of potentiality and actuality,a pair of interconnected ideas he used to study motion, causation, ethics, and physiology.
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a firm recently updated its mission statement to emphasize the values of diversity and inclusion in its hiring practices. which type of pillar is this an example of? a. normative b. regulatory c. informal d. cognitive
The mission of business serves as declaration of organization's overarching goals. For instance, business might be dedicated to transforming world, aiding underprivileged, or establishing environmentally friendly business practices in particular sector.
What is a declaration?A declaration is a formal statement or announcement made by an individual or group. It is often used to make something official or to assert a certain position or belief. Declarations can come in many forms, such as legal declarations, political declarations, or personal declarations. For example, a country may make a declaration of war or a company may make a declaration of bankruptcy. Personal declarations can range from declarations of love to declarations of intent to run for public office. Declarations can have significant consequences, such as triggering legal proceedings, changing public policy, or influencing public opinion. Overall, declarations are a powerful tool for individuals and groups to communicate their beliefs and intentions to others.
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hen a crisis in the middle east reduces the supply of oil, the price system rationally responds by reallocating oil from highest-value uses to lower-valued uses. group of answer choices true false
When a crisis in the middle east reduces the supply of oil, the price system rationally responds by reallocating oil from highest-value uses to lower-valued uses. - True
The price system determines supply and demand components to get an answer. A free market firm uses the price system to react to the question of who to produce for. The price system reacts by raising the price of oil when a Middle East crisis or any other event decreases the supply of oil. As a result, consumers and producers are encouraged to modify their behaviour in order to allocate the limited supply of oil to its most valuable applications.
The underlying economic notion of supply and demand is what is driving this process. Oil's price rises as the supply becomes more limited, which lowers demand and promotes conservation. The greater price also makes it more profitable to extract oil from marginal sources like shale oil or oil sands, which may not have been commercially viable at lower prices.
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the buyer and seller are negotiating an offer. during the final stages of negotiations, the buyer crosses out part of the paragraph that states the seller has the right to continue to show the property and receive, negotiate, and accept back-up offers, and the seller agrees. what are the implications?
A revolution. unilateral agreement. An offer is being discussed between the buyer and the seller.
Briefing:-A portion of paragraph 19 that specifies that the seller has the right to continue showing the property and to solicit, consider, and accept backup offers is crossed out by the buyer and the seller during the closing stages of the negotiation.
What is the name of the strategy used to negotiate a deal that is acceptable to both the buyer and the seller?
By the communication process of negotiation, two parties—each with their own goals and points of view—seek to come to an amicable agreement on an issue of shared interest.
A deal wherein one party commits to provide a performance in exchange for the other is what kind of contract?A bilateral contract is a legally binding arrangement between two parties wherein each exchanges commitments to carry out and complete one term of the agreement.
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please refer to oscar's financial statements above. assume a constant debt- equity ratio, net profit margin, and dividend payout ratio, and further assume all of oscar's expenses, assets, and current liabilities vary directly with sales. what is the pro forma net fixed asset value for next year if sales are projected to increase by 7.5 percent?
a generic formula for estimating the pro forma net fixed asset value using the assumptions given Net Fixed Assets in Pro Forma = Previous Year Net Fixed Assets * (1 + Sales Growth Rate) - Depreciation Expense.
The prior year's net fixed assets may be seen in the company's financial statements' balance sheet. Depreciation expenditure is normally included on the income statement. The pro forma net fixed asset value for next year may be computed using the method above, assuming a 7.5% rise in sales and a steady debt-equity ratio, net profit margin, and dividend payout ratio. oscar's financial statements above. assume a constant debt- equity ratio, net profit margin, and dividend payout ratio, and further assume all of oscar's expenses, assets, and current liabilities vary directly with sales.
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Bob is interested in examining the relationship between the number of bedrooms in a home and its selling price. After downloading a valid data set from the internet, he calculates the correlation. The correlation value he calculates is only0.05. What does Bob conclude?
a. Bob gives up on his research becauser=.05means there is no relationship of any kind between bedrooms and selling price. b. Bob continues his research because even though there is no linear relationship here, there could be a different relationship.
OPtion B is correct. Bob continues his research because even though there is no linear relationship here, there could be a different relationship.
What does bob concluded?Although the correlation value he obtained is only 0.05, Bob should select option (b) and continue his research because it does not necessarily imply that there is no connection between the number of rooms and the selling price. Although a linear model cannot account for all possible relationships between two variables, a coefficient of correlation of 0.05 implies a weak positive link between the two variables. The selling price can be influenced by additional factors as well, which could account for the weak association. In order to comprehend the connection between both the number of beds and the selling price, Bob needs investigate the data in more detail and take into account different statistical methodologies.
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