The firm should set marginal revenue equal to marginal cost.
A sale wherein the client isn't always allowed to return the products No returns could be widespread for gadgets supplied on company sales fee that does not exchange that's stated in an agreement to be the price at which shares will be supplied to the organization.
Selling is any transaction wherein money is exchanged for a very good or carrier. throughout an income negotiation, the seller attempts to persuade or sell the purchaser the benefits of their offer.
The firms in particular grow to be sellers available on the market for items and offerings and consumers inside the production sector. groups manufacture items and services utilizing substances or efficient resources along with labor, assets, finance, and entrepreneurship.
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cost-benefit analysis is important to determine the role of government in our economy because a. markets for private goods cannot effectively assign costs and benefits. b. the government should provide all goods for which the benefits exceed the costs. c. cost-benefit analysis identifies the possible gains to society from government provision of a particular good. d. cost-benefit analysis is the best tool to identify market failures.
Cost-benefit analysis identifies the possible gains to society from government provision of a particular good.
Businesses utilize a cost-benefit analysis as part of a systematic procedure to determine which options to take and which to ignore. The cost-benefit analyst adds up the potential benefits anticipated from a circumstance or course of action before deducting the overall expenses related to that course of action.
Organizations frequently employ cost-benefit analysis to evaluate the acceptability of a particular policy. It is a breakdown of the predicted benefits and expenses, taking into consideration all potential alternatives as well as the current quo. When compared to other options, CBA aids in determining if and by how much the advantages of a policy exceed its disadvantages.
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a policy is issued to a 32 year old that has a face amount of 100,000 when the insured reaches the age of 55 the policies built of hundred thousand of cash value of a selection
10000 has a face amount of 100,000 when the insured reaches the age of 55 the policies built of hundred thousand of cash value of a selection
What is term life insurance?Term life insurance, also known as pure life insurance, is a type of death benefit that pays the heirs of the policyholder throughout a specified period of time.Once the term expires, the policyholder can either renew it for another term, convert the policy to permanent coverage, or allow the term life insurance policy to lapse.Term life insurance guarantees payment of a stated death benefit to the insured's beneficiaries if the insured person dies during a specified term.These policies have no value other than the guaranteed death benefit and feature no savings component as is found in a whole life insurance product.Term life premiums are based on a person’s age, health, and life expectancy.Depending on the insurance company, it may be possible to turn term life into whole life insurance.You can purchase term life policies that last 10, 15, or 20 years.To learn more about term life insurance refers to:
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If the policyholder lives and premium are paid until age 55, the monetary values of a complete life policy will equals the face amount.
What does the term "face amount" mean?The sum of money used to represent the amount of you coverage is known as that of the original amount of your life insurance. It might also be refereed to as the life insurance face value or the death benefit.
How is face amount determined?The summary of benefits contains face value. A permanent life insurance policy policy's cash value, which is the sum that would paid out if the policyholder chose to surrender it early but may be less than face value, is also possible.
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a buyer of a futures contract benefits if the price of the commodity increases.
A buyer of a futures contract benefits if the price of the commodity increases is a true statement.
How do futures contracts impact the cost?Futures prices decline as more contracts become available for trading as a result of arbitrageurs shorting futures contracts. The trader makes money when the proceeds from shorting the contracts exceed the money used to cover the position by purchasing the underlying asset.
The current cash cost of a commodity for immediate purchase and delivery is known as the spot price. The futures price secures the cost of the commodity that will typically be supplied several months from now at a different time than the present. With commodity futures, the buyer commits to buy or sell a specific amount of a physical commodity at a given price on a specific future date.
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which of the following events would increase producer surplus? a. sellers' costs increase and the price of the good stays the same. b. sellers' costs stay the same and the price of the good decreases. c. sellers' costs stay the same and the price of the good increases. d. sellers' costs increase and the price of the good decreases.
sellers' costs stay the same and the price of the good increases. The following events would increase producer surplus.
What are the events?Occurrence, event, incident, episode, and scenario all refer to an occurrence or occurrence. A happening that occurs without intention, choice, or plan is referred to as an occurrence. a fortuitous meeting that happened to occur. the event often denotes a significant occurrence, often with a reason before it.
When a company gains from an increase in market demand, producer surplus is likely to rise. The figure illustrates how farmers could be able to raise their prices when consumer demand increases.
Therefore, Thus, option (C) is correct
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ll incorporated's currently outstanding 10% coupon bonds have a yield to maturity of 7.8%. ll believes it could issue new bonds at par that would provide a similar yield to maturity. if its marginal tax rate is 25%, what is ll's after-tax cost of debt? round your answer to two decimal places.
First and foremost, we must remember that the cost of capital (debt or equity) must be an incremental cost.
To evaluate the cost of debt, use bond yield to maturity rather than other yields. Let's examine each response option in turn: is determined by the current yield to maturity of the company's outstanding bonds, which include both old and recently-issued bonds and are not subject to incremental cost. False. is equivalent to the coupon rate on the company's most recent bonds. The coupon rate is unimportant. False.is the same as the average current yield on all the outstanding bonds of a corporation. The current yield has no bearing. False. is based on the initial yield to maturity of the most recent bonds a firm has issued. True if all requirements are met.
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what two actions should a call center technician avoid when dealing with an angry customer? (choose two.)
Two actions should a call centre technician avoid when dealing with an angry customer are spending time explaining what caused the problem and putting the customer on hold or transferring the call.
What is the importance of call centre team organisation?
The call centre team structure clearly defines roles, enabling customer service agents to handle an issue promptly or escalate it as necessary. This may reduce the mean time to resolution, a crucial indicator of how well customers is being served.
What aspect of a call centre is most crucial?
Talents in communication (including active listening). In a call centre, excellent communication is crucial. The verbal capacity to clearly, simply, and efficiently convey complicated subjects is referred to as effective communication.
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An employee in the 12% tax bracket
invests $2000.00 in a Traditional IRA.
When the employee retires, her salary is in
the 22% tax bracket. What tax will be
assessed on the initial investment when it
opens?
A. Not enough information to answer
B. $440.00
C. $240.00
D. Since the employee used a Traditional IRA, she will pay no taxes
on her investment when it opens.
The tax that will be assessed on the initial investment to the employee when it opens is B. $440.00
What tax is charged on a traditional IRA ?Traditional IRA deposits are taxed differently than Roth IRA deposits. You make a pretax contribution. Your taxable income for that year is decreased by the dollar amount of each deposit. The initial investment as well as any gains are taxed at your individual income tax rate in the year you remove the money.
In other words, you will be required to pay taxes on the amount you withdraw at your existing tax rate. Your withdrawal will be taxed at 22%, for instance, if you fall inside the 22% tax level.
This means that the tax assessed would be:
= 22 % x 2, 000
= $ 440
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on january 22, jefferson county rocks inc., a marble contractor, issued for cash 210,000 shares of $30 par common stock at $34, and on february 27, it issued for cash 15,000 shares of preferred stock, $9 par at $12. question content area a. journalize the entries for january 22 and february 27. if an amount box does not require an entry, leave it blank. jan. 22 - select - - select - - select - - select - - select - - select - feb. 27 - select - - select - - select - - select - - select - - select - question content area b. what is the total amount invested (total paid-in capital) by all stockholders as of february 27?
The total amount invested is 7,320,000.
(a) The journal entries is shown below :
According to the information given :
On Jan. 22, Cash = 7,140,000
To Common Stock = 6,300,000 [210,000 × 30]
To Paid in capital in excess of par = 840,000
(Being the issuance of the common stock is recorded)
On Feb. 27, Cash = 180,000
To Preferred Stock = 135,000
To Paid-In Capital in Excess of Par-Preferred = 45,000
(b) The total amount invested be shown below:
Total amount invested = Common stock + Total paid in capital
= (6,300,000+840,000+135,000+45,000) = 7,320,000
What Is Common Stock?
A security that represents ownership in a corporation is called Common Stock. Common stock - also called capital shares, common shares, or capital stock - represents units of ownership in a corporation. Holders of common stock vote on corporate policies and elect the board of directors. This form of equity ownership typically yields higher rates of return long term.
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when an individual parcel of land is given approval to deviate from a zoning regulation, it is called:
When an individual parcel of land is given approval to deviate from a zoning regulation is called Variance.
variances grant the property owner permission to use the land for means that usually are restricted by its zoning regulations. we need variance in Commercial activities in a residential district, industrial activities in a commercial region and in Multiple dwellings in a district zoned for single family homes. the use variance allows property owners to use the property in ways contrary to the neighborhood’s nature, there is a high threshold for obtaining this variance. The owner has to prove that the existing zoning conditions created a hardship for them.
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what are the two fundamental reasons mentioned in the lecture that a company should/would be worried about ux?
the two fundamental reasons mentioned in the lecture that a company should/would be worried about ux are 1) Motivational values and view: 2) It also helps to reduce development-waste.
1)Motivational values and view:
Ux design preferably from the foundation of any product or service.
So your machine may be very right and your approach may be very right but what in case your Ux layout isn't right
So,it impact at the your marketplace fee and it also depends what number of humans like your device.
First impression is the remaining influence.
So make certain your UX design may be very appealing and beneficial.
2) It additionally helps to reduce development-waste.
The enterprise that use the UX reduce development cycles by means of 33 to 50%.
So the time needed for growing the device is very less.
so it saves the manufacturing time and money additionally.
so that you ought to think or involved about UX design for these motives.
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Advantages of digital marketing rapid technological change has had an impact on consumer purchasing habits.
a. True
b. False
Advantages of digital marketing rapid technological change has had an impact on consumer purchasing habits is true.
What exactly does marketing mean?For the purpose of generating, conveying, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures.
The importance of marketingThe benefit of marketing to your company is that it informs consumers about your goods and services, engages them, and influences their decision to purchase. A marketing strategy, which should be a component of your business plan, can also aid with demand creation and maintenance as well as relevancy, reputation management, and competitiveness.
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Select the term that best completes the sentence. Dysfunctional conflicts focus on and differences between the two parties Choose the best conflict de-escalation strategy for the situation. As you enter the "action over words" stage of a conflict with a coworker, you notice that your coworker is starting to talk to you less and is using more threatening body language. O Avoid communicating hostility verbally or through body language O Use delay tactics to buy time for the two of them to diffuse their emotions Be an empathetic listener
Overt replies are a part of active constructive behaviors. These consist of four skills: putting things into perspective, coming up with solutions, showing feelings, and reaching out.
What do you think a strategy is?The steps that will be done to accomplish the objectives (goals) are described in a plan (resources). A company's strategy may be set or it may naturally evolve as a result of competition or environmental changes. Planning and strategic thinking are among the duties involved.
Which five elements make a strategy?Arenas, Points of difference, Vehicles, Staging, & Economic Logic are the five components of strategy. Researchers in strategy, Donald Hennart and James Fredrickson, created this concept.
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from the profit maximization perspective, under which condition does it make sense to expand the level of output in the short-run?
From the profit maximization perspective, when the marginal cost is less than the marginal revenue it make sense to expand the level of output in the short-run. So, option (c) is the relevant answer choice.
Give a brief account on marginal cost and marginal revenue.The volume of output and the price per unit of a product that will maximize profits are determined by the marginal cost of production and marginal revenue, two economic metrics. The link between marginal revenue and the marginal cost of production aids in determining the point at which a rational business wants to squeeze out as much profit as it can. When it comes to this situation, the goal is for marginal income to equal marginal expense. Every cost incurred during the production of a good or service is considered a production cost. Fixed costs and variable costs are divided into separate categories. Fixed costs are the recurring expenses associated with running a firm that are comparatively steady and independent of production levels. They include of standard overhead costs like compensation and benefits, building rent, or energy bills.
The costs that are directly associated with production levels and those that fluctuate with them are referred to as variable costs. Examples include the price of the materials used in production and the cost of running the machinery during production.
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The complete question is mentioned below :
From the profit maximization perspective, under which condition does it make sense to expand the level of output in the short-run?
A. when the marginal cost exceeds the marginal revenue
B. when the marginal cost is equal to the marginal revenue
C. when the marginal cost is less than the marginal revenue
D. none of the above as the marginal cost to marginal revenue comparison has nothing to do with profit maximization
Select one disadvantage of IRR as a capital budget method.
It is not useful for comparing projects with different lifespans.
It fails to account for the time value of money.
It can only be used with projects that have positive cash flows.
It can be difficult to interpret and understand.
Which of the following is an example of an operational risk for a company that manufactures automobiles?
A state tax increase that makes buying and registering a car more expensive
Rising interest rates that affect the terms of car loans, thereby decreasing demand
Damage to completed cars held on a storage lot
A national car rental agency backing out of a contract to buy a certain volume of new cars
Jerome needs funding to help start a business selling school supplies. He uses a website that connects him directly with a lender who charges a below-market interest rate.
What type of financing resource is Jerome using?
Trade credit
Peer-to-peer lending
Commercial lending
Factoring
Multiple choice questions refer to selecting the best alternative out of the options for the given questions:
Select one disadvantage of IRR as a capital budget method.
It can be difficult to interpret and understand.
The internal rate of return (IRR) can be a complex concept to understand, especially when used in the context of capital budgeting. The IRR is a financial metric that represents the rate of return that an investment is expected to generate. It is used to evaluate the feasibility of a potential investment by comparing the IRR to a required rate of return or cost of capital.
Which of the following is an example of operational risk for a company that manufactures automobiles?
Damage to completed cars held on a storage lot
Operational risk refers to the dangers and ambiguities that businesses encounter on a daily basis. It could be brought on by a malfunctioning system or defective components. An operational risk for an auto manufacturer would be damage to finished vehicles stored on a lot.
What type of financing resource is Jerome using?
Peer to Peer lending
Peer-to-peer lending is a type of lending that allows individuals to borrow and lend money without using a traditional financial institution, such as a bank, as an intermediary
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if you experience microsleep
Difficulty concentrating, heavy eyelids, blank gazing, and yawning are all indications of microsleep. When individuals are not obtaining the recommended 7-9 hours of sleep each night, the majority of people suffer from microsleep.
What is microsleep?Generally, Drowsiness, problems concentrating, heavy eyelids, blank gazing, and yawning are all indicators that a person is experiencing microsleep. Microsleep is something that happens to the majority of individuals when they aren't obtaining the recommended 7-9 hours of sleep per night.
It should come as no surprise that microsleeps have the potential to be harmful or even lethal. One of the negative effects of microsleep is a decline in a person's driving abilities, whether they are behind the wheel of a vehicle, motorbike, train, or airline, and they may not even be aware that they are experiencing it.
If you are jolted awake by your body or find that your head is slipping forward, you may have experienced a brief period of microsleep. You discover that you are yawning or blinking more often than usual. You are unaware of anything that took place at the most recent moment.
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CQ is not complete
the perfectly competitive model is the most efficient type of market and is characterized by both productive and efficiency.
Answer:
allocative is the correct answer.
Explanation:
henry went shopping for a new pair of sneakers. the listed price of the pair of sneakers was $42, but the price with tax came to $46.20. find the percent sales tax.
The percent sales tax is 10%. To calculate the percent sales tax, we need to find the amount of tax itself. To do this, we subtract the original price (without tax) from the price with tax included. In this case, the amount of tax would be $46.20 - $42 = $4.20.
Now that we know the tax amount, we can calculate the percent sales tax. To do this, we divide the tax amount ($4.20) by the original price (without tax) ($42) and then multiply by 100. This gives us (4.20 / 42) x 100 = 10%.
Therefore, the percent sales tax is 10%.
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in making products and services available to consumers, channel members add value. key functions performed by the marketing channels include all of the following except __________.
A. promotion
B. matching
C. negotiation
D. distribution of information
E. pricing
In making products and services available to consumers, channel members add value. Key functions performed by the marketing channels include all of the following except Pricing.
What exactly does marketing mean?For the purpose of generating, conveying, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures.
The importance of marketingThe benefit of marketing to your company is that it informs consumers about your goods and services, engages them, and influences their decision to purchase. A marketing strategy, which should be a component of your business plan, can also aid with demand creation and maintenance as well as relevancy, reputation management, and competitiveness.
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what criteria must be met before a whistleblower goes public? multiple choice the unreported act would do some amount of harm to others. the employee has not yet tried to resolve the issue internally. reporting the problem publicly may or may not resolve the issue. there is enough potential harm to justify the possible costs of disclosure.
Criteria must be met before a whistleblower goes public is option B. the employee has not yet tried to resolve the issue internally.
A whistleblower (additionally written as whistle-blower or whistle blower) is a person, regularly an worker, who exhibits records approximately activity inside a non-public or public company this is deemed illegal, immoral, illicit.
Although whistleblowers are not required to provide proof, they should be able to give an explanation for their challenge, why they're making the disclosure and any relevant historical past records that they have got.
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The cost of inspection decreases with the amount of inspection. * True False If design capacity is 60 units, effective capacity is 30 units, and actual output is 20 units, then efficiency is 67.66%. True False A company purchased a new machine that costs $20,000. Each unit produced has a selling price of $20.00. Actual cost per unit is $5.00. If the new machine has design and effective capacities of 7,000 and 4,000 units per year, respectively, and its expect to produce 5.000 units each year, utilization of this machine would be 71.43%. O True O False
The statement is True, The cost of inspection decreases with the amount of inspection
Examining current inspection techniques is the first step in cutting inspection expenses. A lot of approaches to upgrade quality programmes can be shown to manufacturers by just keeping track of the entire inspection process. It is important to assess the following techniques. Part Inspection. Learn how components are inspected. A home inspection typically costs between $200 and $500, with an average cost of $340. An in-depth assessment of a home's condition is called a home inspection.
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in which scenario do the different court systems in the u.s. interact properly? when an employee in colorado sues her employer for sexual harassment, the state court judge applies federal law relating to workplace harassment because it extends protections to employees beyond those provided by state law. a federal judge refuses to hear a negligence case that includes a state-based claim in addition to a federal one. she cites the fact that federal courts can never have jurisdiction over cases that involve state laws. when an employee tries to file a discrimination complaint against her employer in maine after she loses in a vermont state court, the maine state court agrees to hear the case. an arizona resident drove through new mexico to visit his college roommate and is hit by a delivery truck. when the new mexico state court hears the case, the judge only takes arizona law into consideration, since that's where the plaintiff resides.
different court systems in the u.s. interact properly appropriate scenario will be:
An Arizona resident drove through new Mexico to visit his college roommate and is hit by a delivery truck. when the new Mexico state court hears the case, the judge only takes Arizona law into consideration, since that's where the plaintiff resides.
What is distinct court system in the US?State courts and federal courts are the two categories of courts in the United States. You might think of them as alternate paths that could occasionally—though infrequently—lead to the US Supreme Court. Trial courts, appellate courts, and the highest court for each track are the three primary levels within the two distinct tracks.
The federal judicial system:District courts, circuit courts, and the U.S. Supreme Court are the three primary tiers of the federal court system. Federal judges and Supreme Court justices are chosen by the president and approved by the U.S. Senate for a lifetime appointment.
The federal court system's structure is mainly mirrored by the state court system's, which typically consists of three levels: trial courts, state appellate courts, and a state Supreme Court. Rarely, a state Supreme Court ruling on a federal issue will be appealed to the U.S. Supreme Court.
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who is john d. rockefeller? what was his company? what did he do to eliminate competition? how did he dominate and control the oil industry?
John D. Rockefeller was an American industrialist and philanthropist. He was the founder of the Standard Oil Company and is widely considered the wealthiest American of all time.
Rockefeller used a variety of tactics to eliminate competition, such as horizontal integration (buying out competitors), vertical integration (controlling production from the source to the market), price cutting, and the use of trusts.
He was able to dominate and control the oil industry by creating a monopoly over the production and sale of oil in the United States. He did this by leveraging his vast wealth and influence to purchase and control the majority of oil refineries in the country.
He also made agreements with railroads to ensure that his Standard Oil Company had exclusive access to transportation for its products. This allowed him to set prices and control the industry.
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business incubators are usually government funded facilities intended to
Business incubators are usually government-funded facilities intended to offer startup firms low-cost office space that provides basic business services.
Define a business incubator.A business incubator is a program that connects startups with mentorship, funding, and other resources to help them get off the ground. An incubator is a company created to aid new businesses in growing and succeeding by offering workspace that is either free or inexpensive, mentorship, knowledge, access to investors, and, in some cases, working cash in the form of a loan.
Hence one can interact with entrepreneurs running businesses that frequently have a similar focus to your own. Entrepreneurs can protect their capital during the incubation process and receive outside assistance to hasten the growth of their companies.
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18. bev stratton owns 100 shares of maxom company, which are traded on the new york stock exchange. maxom's board of directors has approved a merger of maxom with vert company. bev believes the merger is economically unjustified. what could be an option for bev?
Bev is required to give Maxom notice of her intention to use her right as a dissenter and to oppose or abstain from voting on the merger.
Maxom must then provide her with information on how to make a payment demand (based on the fair market value of her shares) before she may make that request. The money will then be given to Bev by Maxom if they are able to agree on a price. Otherwise, the fair market value of her shares will be established by the court, and Maxom will be mandated to pay Bev that sum.
Was intended by dissenter?
Abbreviations: dissenters
People who disagree with what other people believe or what is considered official policy are known as dissenters. Dissenters are not allowed to join the party. Synonyms include protester, dissident, nonconformist, and objector. Dissenter Synonyms - More.
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24/7 marketing not possible 24/7 marketing possible no capacity to go viral capacity to go viral customers can feedback only during working hours.
Welker (2002) defines the time period viral conversation as ''strategies that enable an easier, accelerated, and cost-reduced transmission of messages by means of creating environments for a self-replicating, exponentially increasing diffusion, spiritualization, and impact of the message'
What is an instance of viral marketing?Examples of Viral Marketing
The ice bucket assignment existed before The ALS Association utilized it to elevate attention and generate donations. However, the big dissemination on social media of ALS Ice Bucket videos created a worldwide sensation that enormously multiplied ALS awareness.
Viral advertising is a commercial enterprise strategy that uses current social networks to promote a product in general on a range of social media platforms.
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The exception under GATT was trade agreements promoting economic integration
The General Agreement on Tariffs and Trade (GATT) is a multilateral agreement that aims to promote international trade by reducing or eliminating tariffs and other barriers to trade. The most-favored-nation (MFN) status is a principle of the GATT that requires signatory countries to apply the same tariff rates to all other signatory countries unless a specific exception applies.
Trade agreements promoting economic integration, such as the European Economic Community (EEC) or the North American Free Trade Agreement (NAFTA), are examples of exceptions to the MFN principle under the GATT. These agreements allow signatory countries to apply different tariff rates to each other, as long as the rates are the same for all members of the agreement. This allows countries to form closer economic ties and promotes trade between them.
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a business would most likely write a request for proposal to a. advertise openings for two sales positions. b. attract new clients. c. renovate offices. d. interview job candidates.
The request for proposal by the business will most likely be written to c. renovate offices.
The development of a call for bids is the most frequent result of office renovation (RFP). An RFP outlines the services, equipment, or problem-solving requirements of a business or group while also inviting competitive bids. A call for proposals is a document that requests business bids from potential suppliers.
This request is typically made through a bid process by a business or organization looking to buy a valuable asset, service, or item. Almost all public organizations and a sizable number of private businesses use RFPs in the procurement process. Who develops an RFP varies from company to company. Some businesses have an RFP manager whose job it is to manage the entire RFP process. There are executives in many companies.
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the higher the reliability of a product the lower it costs to make. true or false?
A product's cost of production decreases with reliability. It's untrue.
Lower of cost or market is a cautious approach to inventory valuation and reporting. Ending inventory is frequently reported at cost. on occasion, the stock has depreciated since the original cost of the closing inventory was more than its net realizable worth. If the inventory's value has fallen below its historical cost, the carrying value is reduced and reflected on the balance sheet. The accepted method for reporting this is the current market value. The loss brought on by the decline in inventory value will be charged to "Cost of goods sold" if the loss is considerable or "Loss on the reduction of inventory to LCM" if it is not.
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what should determine an actual profit? extraordinary events net income total operating results and consistent net income material losses verses revenue
Total operating results and consistent net income determines an actual income.
What is income?Income refers to the ability to consume and save earned by a business over a specified period of time and is generally expressed in money. Income is difficult to define conceptually and definitions vary by region. Income is money received by an individual or business in return for doing work, producing goods , services. While individuals usually earn their income through wages or salaries, businesses generate income from the sale of goods or services that exceed their production costs. His three most important types of income are earned income, passive income, and portfolio income. Earned income consists of wages, salaries, tips and commissions. Passive or unearned income is derived from rental properties, royalties, and limited partnerships. Portfolio income includes interest, dividends and capital gains on investments.To learn more about income from the given link :
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marla is bored with her cell phone. she wants to purchase a new one that has cool ring tones and can take pictures and video. she's not going to conduct a big search for a new phone as she's just going to consider a few others. which type of decision making is this?
The type of decision making is this Limited decision making.
A limited decision making is a type of decision making that is used when purchasing products that require appropriate or just enough amount of time and effort to compare models of a particular product before making a final choice. A phone in this case is an example of product that requires just enough time to compare different phone products before choosing one.
What is Limited decision making?
Limited decision-making is a little more involved than nominal decision-making, but it's still not a process that requires in-depth research. Limited decisions are made about mid-cost products, semi-frequent purchases, or purchases from a somewhat familiar brand.
Limited Problem Solving - This kind of purchase decision takes a bit more reflection or thought. Extensive Problem Solving is when we are making a buying decision and we are truly going to think about it.
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