Which of these is a major advantage of a market economy?
Select one:
1.There is efficient government control of production and
distribution.
2.It can change direction rapidly when needed as markets change.
3.People are likely to be offered goods and services they can't
afford.
4.There is a high degree of individual freedom.

Answers

Answer 1

These is a major advantage of a market economy is it can change direction rapidly when needed as markets change. Thus second option is correct.

What is Market Economy?

Market Economy refers to the economy in which the prices of the goods and services are determined by the two market forces that are supply and demand.

There is a less control of the government in the market economy and therefore all the decisions are taken by the private individuals. Thus option 1st is incorrect.

The Prices of the goods and services are determined by the supply and demand forces and the prices are kept as per the affordability of the customers. Thus option 3rd is also incorrect.

Therefore the correct option is 2nd one as the market changes the price of the good and services are also effected and get changed.

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Related Questions

A full outer join with the matching rows removed is known as a ______________.

Answers

A full outer join with the matching rows removed is known as a UNION JOIN

What is UNION JOIN?

Union join is a SQL command used to join matching rows data analysis. it is an important query used to locate and join matching rows in a given raw data.

This operator is crucial because it helps removes any duplicates present in the results being combined.

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an online store wants a database of customer information but it does not have the meta pixel installed. which campaign objective meets this business goal?

Answers

The campaign objective which meets this business goal is Lead Generation

What is Lead Generation?

This refers to the process through which potential customers are identified and cultivated.

Hence, we can see that from the given scenario of the use of a database of customer information to identify their purchase decisions but has no metadata installed, this is lead generation.

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Question 7(Multiple Choice Worth 5 points)
(04.02 MC)

With a constant interest rate, which of the following describes the relationship between the term of the investment and the rate of return?

The shorter the term of investment, the lower the rate of return
The longer the term of investment, the lower the rate of return
The longer the term of investment, the higher the rate of return
The shorter the term of investment, the higher the rate of return

Answers

The correct option is C). The longer the term of investment, the higher the rate of return.

What is long-term and short term investment?

Long term investments are those assets in which an individual or a company tends to invest for a period of more than three years such as stocks, real estate etc.

Short-term investments are investments that can be converted into cash or can be sold within a short period of time of one -three years such as short-term bonds, Treasury bills etc.

Long term investment requires high rate of return because are often considered less safe than other assets.

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g A market constraint can be overcome by: outsourcing. lobbying. supplier development. cash flow management. advertising or price changes.

Answers

A market constraint can be overcome by advertising or price-changes.

What is a market constraint?When no suppliers can adjust their capacity in response to a change in demand, or when providers' responses do not correspond to the change in demand, the market is said to be restricted.What is cash flow management?The process of monitoring the amount of money coming into and going out of your company is known as cash flow management. This assists you in making future financial projections for your company. It also aids in determining how much cash your company needs to pay off debts, such as paying suppliers and staff.What is advertising?Advertising is a type of marketing communication that uses an overtly commercial, impersonal message to sell or promote a good, service, or concept. Businesses who want to advertise their goods or services are often the sponsors of advertising.Therefore, a market constraint can be overcome by advertising or price changes.

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You work in contracting and receive a request from a company that wants to make a bid on the next ambulance contract; the requestor wants to know who the current companies are and how much they charge for various services. You know that your friend handles that contract and could easily send the information. What do you do

Answers

I will refuse to give the information because it is considered unethical. See below for the definition of unethical practice.

What is unethical practice?

Unethical behavior refers to actions or attitudes that are unacceptable to the general public because they are deemed unfair and give undue advantage to a select few.

Hence, given the above situation, I will refuse to give the information because it is considered unethical. See below for the definition of unethical practice and blacklist the requestor.

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what do the phrases "put something on the back burner," "stir the pot," and "give birth to a plan" reflect about organizations?

Answers

All of the languages and the phrases based on the way they are used refers to feminine language.

How does these words have to do with feminine?

The words are mostly about the activities that are known to be more associated with women.

Cooking is a chore for women. Also they are the ones that birth babies. Hence the correct answer is feminine language.

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Fitz Inc., a pharmaceutical company, reported net income for fiscal 2016 of $5,772 million, retained earnings at the start of the year of $57,594 million and dividends of $5,958 million, and other transactions with shareholders that increased retained earnings during the year by $11 million. If there were no additional transactions during the year that affected retained earnings, what was the balance of retained earnings at the end of the year

Answers

The balance of retained earnings at the end of the year equals $57,408 million.

What is balance of retained earnings?

It is calculated as adding of beginning Retained Earnings balance to the net income or loss and then dividend payouts are subtracted.

Balance of retained earnings = $57,594 million + $5,772 million - $5,958 million,

Balance of retained earnings = $57,408 million

Therefore, the balance of retained earnings at the end of the year equals $57,408 million.

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Costs and price differences among competing companies can have origins in activities performed by a. the company's internally performed activities (its own value chain) compared to the cost structure of the internally performed activities of rival companies. b. value chains of the company's suppliers. c. value chains of a company's distributors and retail dealers and forward channel allies. d. the company's internally performed activities (its own value chain), but also on costs in the value chain of its suppliers and distribution channel allies. e. whether the company has a longer or shorter value chain than its close rivals.

Answers

Costs and price differences among competing companies can have origins in activities performed by the company's internally performed activities (its own value chain), but also on costs in the value chain of its suppliers and distribution channel allies.

What is value chain?

Value chain is a process in which a company analyzes and examine its activities to find the competitive advantage to add value to its products and services.

Hence, costs and price differences among competing companies can have origins in activities performed by the company's internally performed activities (its own value chain), but also on costs in the value chain of its suppliers and distribution channel allies.

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A. received a $600 utility bill for electricity usage in july to be paid in august.

b. owed wages to 10 employees who worked three days at $100 each per day at the end of july. the company will pay employees at the end of the first week of august.

c. on july 1, loaned money to an employee who agreed to repay the loan in one year along with $1,200 for one full year of interest. no interest has been recorded yet.

Answers

Salaries and wages expense are $3,000 and interest revenue is $100.

What is an expense?

Expense refers to a cost that occurs while making any activity in the business operations. To calculate the profit earned these expenses are deducted from the income.

Salaries and wages expense=10*3*$100

Salaries and wages expense=$3,000

Interest revenue = $1,200/12=$100

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when the mpc = 0.75, the desired tax cut for achieving a $300 billion fiscal stimulus is _____.

Answers

Based on the marginal propensity to consume, the required tax cut to get a $300 billion stimulus is $400 billion.

How much of a tax cut is needed?

This can be found by the formula:

= Required fiscal stimulus / Marginal propensity to consume

Solving gives:

= 300 / 0.75

= $400 billion

In conclusion $400 billion of tax cuts are needed.

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Johnson Co. has 1,000,000 euros as payables due in 30 days, and is certain that the euro is going to appreciate substantially over time. Assuming the firm is correct, the ideal strategy is to: a.remain unhedged. b.purchase euro currency put options. c.purchase euro currency call options. d.sell euros forward. e.purchase euros forward.

Answers

Based on the fact that the Euro will appreciate, the best thing for Johnson Co. to do is to e.purchase euros forward.

What should Johnson Co. do?

The fact that the Euro is going to appreciate in value means that Johnson Co. will have to pay more in future.

They should therefore lock in a favorable Euro rate now by purchasing Euros at a forward rate.

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Productivity in the service sector is difficult to measure because new technology adds to:

Answers

Productivity in the service sector is difficult to measure because new technology adds to quality of services provided.

What is productivity?

Productivity is defined as the efficient way of producing goods and services. Productivity occurs when the input to a system matches the output.

When technology is added to productivity, the service sector finds it difficult to measure due to the quality of the services provided

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Savion is restoring a car and has already spent $4,000 on the restoration. He expects to be able to sell the car for $5800. Savion discovers that he needs to do an additional $2,400 of work to make the car worth $5,800 to potential buyers. He could also sell the car now, without completing the additional work, for $3,800. What should he do?.

Answers

Based on the selling price of the car and the cost to work on it, Savion should sell the car now for $3,800.

Why should Savion sell the car?

The profit if he works on the car is:

= Selling price - Addtional work cost

= 5,800 - 2,400

= $3,400

The profit from selling the car is $3,800 which is more than the profit if additional work is done of $3,400.

The $4,000 is irrelevant as it is a sunk cost.

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using the trueblood criterion what is the ultimate goal of accounting?

Answers

The ultimate goal of accounting according to trueblood criterion is to predict future cash flows to the investor or creditor

What is a trueblood criterion?

In accounting, its means the reporting on the past & present firm information that could help us predict future cash flow to firm.

Hence, by virtue of trueblood criterion, the ultimate goal of accounting is to predict future cash flows to the investor or creditor.

Therefore, the Option C is correct

Missing options "A) Predict future cash flows to the firm

B) Predict income to the investor or creditor

C) Predict future cash flows to the investor or creditor

D) Predict income to the firm"

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Since most data for a given market study is not readily available, analysts must be creative in their use of data that they are able to obtain. The primary source for detailed household demographic information is:

Answers

The primary source for detailed household demographic information is The U.S Bureau of the Census

What is a Census?

This refers to the count of people in a given geographical area and is usually done country-wide to find out the population.

Hence, we can see that since most data for a given market study is not readily available, the primary source that can be used to get household demographics is the U.S Bureau of the Census

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How does an improvement in productivity affect a business's profit margin?
A. It increases the profit margin by lowering costs.
B. It decreases the profit margin by lowering costs.
C. It decreases the profit margin by raising costs.
D. It increases the profit margin by raising costs.

Answers

Answer:

it increases the profit margin by lowering costs

Explanation:

An improvement in productivity affects a business's profit margin as it increases the profit margin by lowering costs. Thus, option A is correct.

What is the profit margin?

Profitability is gauged by profit margin. Estimating the profit as a proportion of revenue is used to calculate it. Gross profit margin, operating profit margin, and net profit margin are the three different forms of profit margins. Gross profit is multiplied by net sales to determine the gross profit margin.

A company may produce more goods without increasing expenses by boosting productivity. Producing more opens up the possibility of increasing sales, which in turn might boost earnings. In addition to improving overall earnings, higher productivity can raise a company's profit margin.

The profit margin of a company is impacted by an increase in productivity since it lowers expenses and raises the profit margin. Therefore, choice A is correct.

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Subtracting the value of a firm's liabilities from the value of its assets leaves its:

Answers

Subtracting the value of a firm's liabilities from the value of its assets leaves its net worth. This is further explained below.

What is net worth?

Generally, net worth is simply defined as a person's, a business's, or a family's whole financial assets less their entire debts.

In conclusion, The net worth of a company is calculated by deducting its debts from its assets.

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Some states limit the creation of ________ or don’t recognize them as legal business structures. you need to check with your state before attempting to create one.

Answers

Some states limit the creation of limited liability partnerships or don’t recognize them as legal business structures. you need to check with your state before attempting to create one. This is further explained below.

What are limited liability partnerships?

Generally, In a limited liability partnership (LLP), each partner's financial exposure is capped at the amount of capital they've invested.

In conclusion, The formation of limited liability partnerships may be restricted in or perhaps not recognized as a valid corporate entity by certain states. Creating one without first checking with the state is illegal.

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All of the following were instrumental in suburban life and the rise of the subdivisions except a. the construction of malls. b. government-backed low-interest loans to returning veterans. c. the availability and affordability of cars. d. the loss of a communal city center.

Answers

All of the following were instrumental in suburban life and the rise of the subdivisions except the construction of malls. Option A. is the correct answer. Read below about suburban.

What is a suburban?

Suburban areas are lower in population area that separate residential and commercial areas from each other. They are either part of a city or urban area, or exist as a separate residential community within commuting distance of a city.

Therefore, such will lack social amenities such as malls. Hence, option A. is the correct answer.

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Benjamin Moore Company provides paint and supplies to businesses and individuals through its network of company-owned retail outlets. Benjamin Moore employs outside sales representatives who make personal calls with prospects and customers in order to gain insight about their needs and persuade them to utilize Benjamin Moore for their painting projects. Typically, a Benjamin Moore sales representative will focus his or her efforts on specific customers such as hospital facility managers, apartment complex managers, painting contractors, or education institution facility managers. Benjamin Moore is utilizing the ______ variable for segmenting business markets.

Answers

In the systems portion of the business market, Benjamin Moore & Co. is leveraging types of organizational variables. Hence, option B is correct.

What is an organizational variable?

An organizational variable is a characteristic of decision-making; a characteristic that influences the decision-making process and outcomes related to it. It includes a variety of factors such as the organization's code of ethics, top-level management, structure, size, and culture, among others.

According to Trevino's model (1986), an individual's ethics is also affected by an organization variable.

The complete question is attached in image form at the end.

Thus, option B: type of organization is correct for Benjamin Moore Company's business markets.

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Flora, the owner of an ice cream parlor, has been experimenting with different flavors to create a new exotic ice cream for her customers. After much deliberation and many tests, she decides to market the new Beet Cake with Pecan variant. In this scenario, the chosen ice cream flavor has entered the _____ stage of the new-product development process.

Answers

In the case, the chosen ice cream flavor has entered the commercialization stage of the new-product development process.

What is a new-product development?

These development process are essential for of bringing a new product to the marketplace.

At the commercialization stage of the development process, the firm is bringing the new products/services to the market.

Hence, in this case,  chosen ice cream flavor has entered the commercialization stage of the new-product development process.

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Mr. Kitten purchased an annuity contract for $50,000 from the XYZ Company on March 31, 2022. He is to receive $1,000 per month starting April 1, 2022, and continuing for life. He has a life expectancy of 10 years as of March 31, 2022. Mr. Kitten's reportable annuity income for 2022 is:

Answers

Mr. Kitten's reportable annuity income for 2022 is:$5,250.

Annuity income

First step

Expected return= 120 months × $1,000

Expected return=$120,000

Second step

Exclusion ratio=($50,000/$120,000)

Exclusion ratio=41.67%


Third step

(April 1-December 31= 9 months)

Annuity income=(9 months×$1,000) -[(9 months×$1,000)×41.67% ]

Annuity income=$9,000-($9,000×41.67%)

Annuity income=$9,000$3,750

Annuity income=$5,250

Therefore Mr. Kitten's reportable annuity income for 2022 is:$5,250.

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(Scenario: Assets and Liabilities of the Banking System) According to the Scenario: Assets and Liabilities of the Banking System, suppose that the reserve ratio is 10 percent when the Federal Reserve sells $25,000 worth of U.S. Treasury bills to the banking system. If the banking system does NOT want to hold any excess reserves, _______ will be _______ the money supply.

Answers

If the banking system does NOT want to hold any excess reserves,  $250,000 will be added to the money supply.

What is an excess reserves?

Excess reserves is known to be the capital reserves that is said to be held by a bank or financial institution and it is one that is too much or is in excess of what is needed by regulators, creditors, or others.

Since there is  $25,000 worth of U.S. Treasury bills, one will multiply it times 10 = $250,000

Therefore,  If the banking system does NOT want to hold any excess reserves,  $250,000 will be added to the money supply.

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Fifteen years ago, Lenny purchased an insurance policy on his own life. The policy provides a $3 million death benefit. Lenny has paid $682,000 of premiums, and the cash surrender value of the policy is $725,000. He plans to liquidate the policy to generate cash for his business. If Lenny's marginal tax rate is 35%, how much after-tax cash will the liquidation generate

Answers

Lenny will generate $471,250 after-tax cash.

What is an insurance policy?The insurance policy, which establishes the claims that the insurer is legally obligated to pay, is a contract between the insurer and the policyholder. The insurer guarantees to reimburse losses brought on by risks covered by the policy language in return for an upfront payment known as the premium.What is a cash surrender value?If a policyholder or the owner of an annuity contract chooses to cancel their policy before it matures or an insured event occurs, the insurance company will give them the cash surrender value as compensation.Solution -

Money Lenny will get = $725,000.

Subtract the tax to find the money Lenny will get.

35% of 725,000 = $253,750.

[tex]725,000 - 253,750 = 471,250[/tex]

Therefore, Lenny will generate $471,250 after-tax cash.

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The interaction of world supply and demand determines the equilibrium ______.

Answers

The interaction of world supply and demand determines the equilibrium world price.

What is Supply?

Supply can be seen as the number of resources, goods, or products a producer or manufacturer is willing and able to provide to an individual or marketplace.

The relationship between the world supply and demand determines the level of equilibrium of the world price for that particular product.

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The change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called:

Answers

The change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called a Shift in Demand.

Shift in DemandWhen a fundamental driver of demand changes, the location of the demand curve will move to the left or right.The demand curve shifts to the right to indicate increases in demand. A rise in income, an increase in the cost of a substitute, or a decrease in the cost of a complement could all contribute to this.An increase in the quantity needed at every price results from a movement in demand to the right. For instance, if drinking coke gets more popular, demand will rise regardless of price.

Hence, the change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called a Shift in Demand.

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What is not true about dod travel policy?

Answers

What is not true about dod travel policy is: An AO can approve payment for items not addressed by the JTR.

DoD travel policy

DoD which full meaning is Department of Defense travel policy is a policy that tend to payback the expense incurred when  a staff travel due to official assignment.

Based on the policy an AO cannot approve  expenses reimbursement for things that are not address by the JTR.

Therefore the statement is false.

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The neighbors in South Mountain Village got tired of all the drug dealing and criminal activity surrounding a shop, the Mystery Market. The community boycotted the store, which eventually closed, and with the help of local financial institutions, a social services center was added to the area. What act is this an example of

Answers

The action that the community embarked on in closing the store is called the Community Reinvestment Act.

What is a Community Reinvestment Act?

This refers to a situation where the community at large comes together to rid their society of social ills and try to make it more productive.

The people of South Mountain Village succeeded in closing the Mystery Market and then added a social services center to make the community better off.

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Linda just got approved on an ARM mortgage. What is true?
O Her taxes will be reduced.
O She has a secured loan.
O Her interest will be fixed.
O She cannot make a down payment.

Answers

Answer:

[tex]\fbox {She has a secured loan.}[/tex]

Explanation:

We know from basics that by a mortgage, we understand that we put our asset down as a collateral so we can take a loan and this asset will be under the lender's control until repayment.

An ARM mortgage means that the interest rate can be gradually changed based on performance benchmarks, such as a change in it every 6 months.

Hence, by this, we can understand that the loan is secure.

When marketers adapt their products by offering less expensive products that are tailored to consumers with modest incomes, they are paying close attention to:

Answers

When marketers adapt their products by offering less expensive products that are tailored to consumers with modest incomes, they are paying close attention to: economic factors.

What are economic factors?

Economic factors are those factors that are used to determine what causes the competitiveness in the business environment of the firm.

Some of the factors are

Wages Interest rateInflationGovernment policies

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