As a consequence of the problem of scarcity, individuals have to make choices from among alternatives. Scarcity refers to the limited availability of resources compared to the unlimited wants and needs of individuals and society. This means that there are not enough resources to satisfy all the desires and demands of people.
Given this scarcity, individuals are forced to make choices because they cannot have everything they want. They must prioritize and decide what they value most and what is most important to them. This involves weighing the costs and benefits of different alternatives and selecting the one that provides the greatest satisfaction or utility.
For example, if a person has limited money and wants to buy a new phone and go on a vacation, they would need to choose between these alternatives. They may consider factors such as their immediate needs, long-term goals, personal preferences, and available resources to make an informed decision.
In summary, scarcity requires individuals to make choices from among alternatives due to the limited availability of resources. This decision-making process involves evaluating costs and benefits and selecting the option that best meets their needs and preferences.
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Which of the following is NOT an example of a metric
?
Answer:
can you tell me what the choices are and I'll answer in the comments
Explanation:
floor gang aooh sub to pewdiepie
agustin industries is a division of a major corporation. data concerning the most recent year appears below: sales $ 17,580,000 net operating income $ 738,360 average operating assets $ 4,860,000 the division's margin is closest to:
The division's margin is closest to based on the information provided through claculation is 4.2%.
Net Income/Sales *100 = Profit Margin
= 738,360/17,580,000 *100
=4.2 %
Profitability is a common indicator of the profitability of a company or a particular business. The portion of a company's revenue that remains as profit after all expenses have been deducted. Expressed as a percentage. For example/sample, if a company says its profit margin was 35% last quarter, that means it made $0.35 for every dollar of sales.
Lenders, investors, and companies themselves use profit margins as a measure of a company's financial stability, manageability, and expansion potential. Investors should be careful when comparing figures for different types of companies, as typical profit margins vary by industry.
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Select the correct answer. Ship's engineers help keep ships running well. A. True B.False
Answer:
i am late but this true
Explanation:
I did the test on this and got it right :)
a foodservice operations uses the mini-max system to determine amounts to order. canned peaches have a maximum inventory level of 10 cases and a safety stock factor of 2 cases. the operation currently has 6 cases on hand. how many cases should be ordered?
We should order 0 cases for just a food service operation, according to the inquiry.
Does 'amount' imply 'money'?Amount of money: quantity | Business English an enormous/modest/moderate amount With only just few hours of work you may earn a sizable sum. a specific/specific amount Payments are restricted to a specific sum.
Do amount equal price?Price can be interchanged with terms like quantity, cost, and expenditure, expense, and pay. Cost and price are nearly synonymous when referring to the amount we spend for anything. The phrase the overall cost is $27, for instance, means the same thing as the entire price is $27.
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Why do you think banks have such widely varying policies on overdraft fees?
Answer:
Banks have alot of varying policies to feed the sutiaion for different people. Varying policies allow banks to charge people for varying reason that fits them.
Explanation:
Some banks treat their customers better than others, which explains why banks' overdraft policies vary so widely. Some banks require the funds generated by overdraft fees because banks exist to make money.
Why are overdraft fees charged by banks?Overdraft fees may be viewed as a way for financial institutions to be compensated for the risk they assume by allowing users to make purchases with money they do not currently have. It also helps banks because these fees are a significant source of revenue for many financial institutions. Overdraft fees for customer accounts are being reduced or eliminated as a result of increased competition. The bill limits the number of overdraft fees that can be charged to a consumer each month and year, and it requires that such fees be reasonable. The bill prohibits charging an overdraft coverage fee if the overdraft is caused solely by a debit hold amount that exceeds the transaction's actual dollar amount.To lean more about overdraft fees, refer to:
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Robert works for a manufacturing company. His job profile requires that he keep track of the amount of raw materials that the business needs
to meet the required output (production). He also keeps a record of products that are semi-finished and are about to complete the production
process. Lastly, Robert keeps track of the finished products, keeping in mind the retailers' requirements. Which of these crucial aspects of the
distribution function is Robert Involved in?
A product handling
B. Inventory control
purchase planning
storage
OD
Answer:
B. Inventory control
Explanation:
Inventory is the term used to describe products in the various stages of production. Inventory refers to the raw materials used to make products, goods partially produced( work -in -progress), and the finished goods awaiting sales.
Robert's responsibilities revolve around inventory control. He is part of the supply chain team that coordinates material movement from the source, in the production process, and delivery to the market.
Who are office chief , sectional chief and assistant in school ?
Answer:
Post of the principle : A principal in a company is typically the owner, founder or chief executive officer (CEO) of a company. In some situations, the principal might be someone who owns most of the company's equity and is responsible for making big business decisions.
Post of the teacher : Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
Post of the counter worker : They call the childs parents if anything is wrong at school and is responsible of collecting the school fees and payment
Explanation:
Answer:
Sectional chief is the bridge between top and low level chiefs. One of the most important functions of a sectional chief is to report the performance, problems and achievements of the department to the office chief. Office Assistant: They are those personnel who work at lower level in an organization.
Teacher's post: Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
2x +3=X -1 PLEASE ANSWER PLEASE
Answer:
-4
Explanation:
2x+3=x-1
=>2x-x=-1-3
=>x=-4
Answer:
x = -4
Explanation:
2x+3 = x-1
-x -x subtract x from both sides to cancel out the positive x
x+3 = -1
-3 -3 subtract 3 from both sides to cancel out the positive 3
x = -4 this is the simplified equation
:) ur welcome
Maxim manufactures a hamster food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable production costs per bag are $1.80 and total fixed costs are $10,000. The hamster food can be sold as it is for $9.00 per bag or be processed further into Premium Green and Green Deluxe at an additional cost. The additional processing will yield 10,000 bags of Premium Green and 3,000 bags of Green Deluxe, which can be sold for $8 and $6 per bag, respectively. Assuming Maxim further processes Green Health further into Premium Green and Green Deluxe, revenue from the two products would be:
Answer:
$98,000
Explanation:
Calculation to determine the revenue from the two products would be:
Revenue if processed further:
Premium Green $80,000
(10,000 bags * $8 per bag) $80,000
Add Green Deluxe (3,000 bags * $6 per bag) $18,000
Total revenue if processed further $98,000
($80,000+$18,000)
Therefore the revenue from the two products would be:$98,000
You have decided to pursue a career in nursing. You are willing to relocate based on salary differences. The states you are willing to relocate to have the following average hourly wages: NY = $33.55, MA = $33.37, CA = $31.54, and FL $24.58. What is the mean salary for these options?
Your answer :
The mean of salary for these options is $30.76\
hope I helped. :)
Describe three conditions under which the ABC system is more useful than a traditional costing system
The Activity-Based Costing (ABC) system is more useful than a traditional costing system under the following conditions: 1) When there is a high degree of product diversity or complexity, 2) When overhead costs constitute a significant portion of total costs, and 3) When there are activities with varying consumption patterns across different products or services.
1) In cases of high product diversity or complexity, the ABC system can accurately allocate costs to individual products or services based on the specific activities and resources consumed by each, providing a more precise cost measurement.
2) When overhead costs represent a substantial proportion of total costs, the ABC system helps identify and allocate these costs more accurately, as it takes into account the underlying activities that drive those costs, leading to better cost visibility and decision-making.
3) The ABC system is particularly advantageous when different products or services consume resources and activities in varying patterns. By recognizing these differences, the system can allocate costs more appropriately, reflecting the true resource consumption and providing better cost information.
Under conditions of high product diversity or complexity, significant overhead costs, and varying consumption patterns across activities, the ABC system offers advantages over traditional costing systems by providing more accurate cost allocation, improved cost visibility, and enhanced decision-making capabilities.
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The price of a call option tends to be lower when which of the following is higher (all else equal)?
1. The expected volatility of the underlying stock
2. The price of the underlying stock
3. The time to maturity
4. The strike price
5. None of the options are correct
The price of a call option tends to be lower when the time to maturity is higher (all else equal). This is because the longer the time to maturity, the higher the probability of the stock price falling below the strike price, reducing the chance of the option being exercised.
Additionally, a longer time to maturity also means a higher opportunity cost for the investor, as they could have invested their money elsewhere and earned a return. Therefore, investors are generally willing to pay less for call options with longer time to maturity, resulting in lower prices. This is because a longer time to maturity increases the uncertainty about the future value of the underlying asset, reducing the likelihood that the option will be exercised. As a result, the value of the call option decreases. However, it's important to note that other factors like volatility, interest rates, and the underlying asset's price can also impact the price of a call option. In this case, option 3 is the correct answer.
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4. A lumber store stocks dowels in one standard length of 150 cm. Each dowel costs $20. A customer wants the store to cut him at minimal cost twenty dowels of length 67 cm, eighty dowels of length 51 cm, sixty dowels of length 28 cm, and forty dowels of length 15 cm. You might wish to use Excel to help create a list of patterns when beginning part (a). Make a formula to be copied for all patterns which will calculate the waste. The pattern must be discarded if this calculated number is negative or if it's greater than the smallest dowel size sought by the customer ( 15 cm in this example).
Given that,The length of the dowel is 150 cm.The cost of each dowel is $20.The customer wants the store to cut him at minimal cost twenty dowels of length 67 cm, eighty dowels of length 51 cm, sixty dowels of length 28 cm, and forty dowels of length 15 cm.To create a list of patterns, we will create a table in excel with the following columns:
Pattern - This column will contain the number of dowels of each length in the pattern.Length 67 cm Length 51 cm Length 28 cm Length 15 cmTotal length - This column will calculate the total length of the pattern using the formula =(67*B2)+(51*C2)+(28*D2)+(15*E2) Number of dowels - This column will calculate the total number of dowels in the pattern using the formula =B2+C2+D2+E2 Waste - This column will calculate the waste using the formula =A2*150-B2*67-C2*51-D2*28-E2*15 Cost - This column will calculate the total cost of the dowels in the pattern using the formula =B2*$20+C2*$20+D2*$20+E2*$20 We will create a list of all the patterns that meet the following conditions:The waste is not negative.The waste is less than or equal to 135 cm (the size of the smallest dowel sought by the customer).We will use the following formula in cell G2 to check if the pattern meets the conditions: =IF(AND(F2>=0,F2<=135),1,0) We will then copy this formula down for all patterns to get a 1 if the pattern meets the conditions and a 0 if it does not.We will then filter the table to show only the patterns with a 1 in column G.We will then sort the filtered table by the cost column to find the pattern with the lowest cost.The formula to be copied for all patterns which will calculate the waste is given as follows: =$A2*150-$B2*67-$C2*51-$D2*28-$E2*15 We will then copy this formula down for all patterns to get the waste of each pattern.
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Which of the following explains why a city fireworks display on the Fourth of July is provided as a public good?
A. Fireworks displays usually take place in a public area.
B. Fireworks are a scarce resource.
C. Nonpayers cannot be prevented from seeing the fireworks.
D. Each consumer pays a fee to see the fireworks.
Answer:
C. Nonpayers cannot be prevented from seeing the fireworks.
Nonpayers cannot be prevented from seeing the fireworks explains why a city fireworks display on the Fourth of July is provided as a public good. Thus, option C is correct.
A good or service that is made available to all members of society is referred to as a public good in economics. Governments often handle the administration of these services, and taxes are used to pay for them all.
Law enforcement, national defense, and the rule of law are a few examples of public goods. Access to clean air and water are examples of more fundamental public goods.
It must be non-rivalrous and non-excludable, which are the two main characteristics that set a public good apart. When products are non-rivalrous, it means that their supply does not decrease as more people use them; when they are non-excludable, it indicates that all citizens can access them.
Therefore, option C is the ideal selection.
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Consider a proposal for the construction of a boat ramp. The inferences made in an academic report are bound by the quantitative evidence provided in the report as related to the literature. Why are the inferences in environmental reporting so much wider and need to go beyond the quantitative evidence you present in your report? To answer this question, think about the need for qualitative evidence that covers construction risk and quantitative evidence to cover detectability of long-term change.
Inferences in environmental reporting go beyond quantitative evidence to account for subjective factors, stakeholder perspectives, and the complex nature of environmental issues.
Why do inferences in environmental reporting need to go beyond quantitative evidence?In environmental reporting, the need for wider inferences beyond quantitative evidence arises due to the complex and multifaceted nature of environmental issues.
While quantitative evidence provides valuable insights into measurable aspects such as pollutant levels or species abundance, it may not capture the full scope of potential impacts and risks.
Environmental reporting often requires consideration of qualitative evidence to assess factors like construction risk, which involve subjective judgments, stakeholder perspectives, and expert opinions.
Additionally, qualitative evidence helps evaluate intangible aspects such as social, cultural, and ecological values that may be affected.
Therefore, the combination of quantitative and qualitative evidence enables a more comprehensive understanding of environmental impacts and facilitates informed decision-making in areas such as construction projects and long-term change detection.
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Help answer these two questions pleaseee
1. Across the course, you've learned about many other desktop publishing software programs besides PowerPoint. Identify at least two other technologies available for desktop publishing (the software can be presentation-based, word processing, spreadsheet software.etc.). What are some common features across PowerPoint and these other programs?
2. What are 2 differences that could be expected in how an employee would speak to other staff members in a truly flat organizational structure compared to a hierarchical structure?
Answer:
1.
At least two other technologies available for desktop publishing:
Microsoft WordMicrosoft ExcelMicrosoft PublisherCommon features across PowerPoint and the above programs:
These programs are all part of the Microsoft 365 (formerly Microsoft Office) suite of software tools. They are available for both personal and professional use. All programs use a subscription model. They are designed to be compatible across Microsoft's entire product line and allow for instant collaboration among multiple registered users.
2.
Two differences in how an employee might speak to other staff members in a flat organizational structure versus a hierarchical structure:
Less expectation of formality: speech would likely be delivered in a more casual manner and tone among many staff membersAn increase in dialogue: a reduction or elimination of middle management necessitates increased collaboration among staffQuestion 1 of 10
An investment that you bought for
profit
and sold for
made a
500;600
500;400
600;400
600;500
Answer:
500;600
an investment
what are non economic resources?
Answer:
Non-Economic resources are all those resources that are generally limitless in supply and are not rationed by prices ie (they have no price tags) they are not characteristically traded in markets.Answer:
Non-Economic resources are all those resources that are generally limitless in supply and are not rationed by prices ie (they have no price tags) they are not characteristically traded in markets.
Explanation:
If overhead is underapplied, which of the following is false? Multiple Choice A. The Factory Overhead account has a debit balance. B. Jobs are undercosted. C. Jobs are overcosted. D. The adjusting journal entry requires a debit to Cost of Goods Sold. E. The adjusting journal entry requires a credit to Factory Overhead.
Option (c), Jobs are overcosted if overhead is not applied, which is untrue.
Can overhead be charged for work that hasn't been completed?If a predefined overhead rate is used, a work that is not completed by the end of the year would not incur manufacturing overhead costs. The overhead fee charged for a particular job is equal to the actual overhead incurred by the job.
What occurs if overhead is imposed excessively?Overapplied overhead is the term used to describe situations where real expenses are lower than those projected in the budget. This suggests that a company does better than expected and incurs lower overhead costs throughout the accounting period. Businesses must also take into account unused overheads.
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Why is it important for a business to set up internal control measures
over fixed assets?
Answer:
Effective internal control reduces the risk of asset loss, and helps ensure that plan information is complete and accurate, financial statements are reliable, and the plan's operations are conducted in accordance with the provisions of applicable laws and regulations. ... Why internal control is important to your plan.
What are work-study programs? PLEASE HELP
A. Businesses where students earn college credit for working
B. Jobs that allow students to study at the workplace
C. Part-time on-campus jobs based on financial need
D. Career opportunities promised for immediately after graduation.
Answer:
C
Explanation:
The answer should be Part-time on-campus jobs based on financial need
Which sequence of HACCP principles is in the correct order?
A.
Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.
B.
Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.
C.
Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.
D.
Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.
E.
Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.
Answer:
B
Explanation:
Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .
The sequence of the first three of the seven principles are
1. Conduct hazard analysis to determine potential risks related to food protection
2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health
3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.
Answer:
B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP
Explanation:
What should I say I’m applying for a job at a gas station and I’ve worked at a fast food restaurant before and they asked me Why do feel that you would make a good fit for the job
The applicant can say that he or she know how to main work deadline, time management.
How to crack interview on gas station?Should remember that regardless of position, self awareness is listed time and again as one of the number one things an employer looks for. Beyond this, staples such as: Are always great qualities to mention. practice some common interview questions. prepare resume carefully like what experience do you have, education qualification. one must understand the methods required to succeed in this position Secondly. Prepare answer for questions like why you want to do that job etc. Reach early to the location. Dress formally and with neat hairstyle. Make a research about the company.
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When the productivity of the workers in a Firm increases what would happen to the demand for labour in that firm if the quantity demanded for the product does not change?
Answer:
The demand for labour would decrease because it will be costly for the business keeping the workers.
Explanation:
If the quantity demanded for the product does not change while workers productivity increase this will make the quantity demanded for labour decrease because its costly to keep workers if the consumers demand does not change this means that the business is not making any profit.
why storage forms a key aspect in fruit farming ?
Answer:
The goal of storage is to keep them in a dormant state. Once harvested some fruits do not ripen, while others will continue to ripen after harvest because they naturally produce a gas called ethylene.
As you read through the draft of your message, you consider whether parts of your message should be rearranged to make your point more effective. Proofreading Evaluating Editing
Answer:
The correct answer will be "Editing".
Explanation:
Editing seems to be the process where even the letter being written is reconstructed or reconfigured to more efficiently express the letter. Arranging, modifying, as well as assembling a recorded, written, or video content for official completion, commonly by such an individual except for the producer of the content (considered as an editor).The other options in question aren't relevant to the particular circumstance. So the option available here is just the right one.
Which of the following describes a conflict which happens between a supervisor and a subordinate?
O Intrapersonal conflict
Group conflict
O Intergroup conflict
O Interpersonal conflict
A conflict between a supervisor and a subordinate can be described as Interpersonal conflict.
What is interpersonal conflict?Interpersonal conflict refers to conflict whereby there are at least two people involved. This means that interpersonal conflict refer to issues that a person has with another person, or group of people.
When there is a conflict between a supervisor and a subordinate, these are two different people which means that it is therefore an interpersonal conflict. Intrapersonal conflict on the other hand, refers to when a person has a conflict within themselves about how they should take certain decisions.
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Contractor requirements define the functional or performance specifications for the project’s end product and other project deliverables. Group of answer choices False True
The statement "Contractor requirements define the functional or performance specifications for the project's end product and other project deliverables" is true.
Contractor requirements are an essential part of a project as they define the specific functional or performance specifications that the contractor needs to meet when delivering the end product and other project deliverables. These requirements outline the expectations and standards that the contractor must adhere to in order to successfully complete the project.
They serve as a guideline for the contractor's work and help ensure that the desired outcome of the project is achieved. By defining the functional or performance specifications, the contractor requirements provide clarity and alignment between the project owner and the contractor, ensuring that both parties have a shared understanding of what needs to be accomplished. Overall, contractor requirements play a crucial role in shaping the project's objectives and ensuring that the final deliverables meet the desired standards and requirements.
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In this method of entering a foreign market, the company makes agreements with manufacturers in the foreign market to produce its product or provide its service. O a. licensing O b. contract manufacturing O c joint ownership O d. management contracting
In this method of entering a foreign market, the company makes agreements with manufacturers in the foreign market to produce its product or provide its service. The correct option is B. contract manufacturing.
In contract manufacturing, the company or the contracting firm provides the manufacturer in the foreign market with all the specifications required to produce the product or provide the service.
Contract manufacturing is a type of outsourcing that enables a company to have its product or service manufactured by a third-party supplier. The manufacturer is responsible for the production process, and the final product is branded with the company's name, indicating that it is produced by that company.
This method of entering a foreign market has several advantages. One of the main advantages is that the company can minimize its risks and costs. By outsourcing the production process to a third-party supplier, the company does not have to make a significant investment in building a manufacturing facility.
It also does not have to worry about the risks associated with manufacturing in a foreign market, such as changes in regulations, tariffs, and taxes. Contract manufacturing also enables companies to focus on their core competencies. By outsourcing the production process, the company can focus on developing new products, marketing, and distribution.
It also enables the company to enter new markets quickly and efficiently without having to set up a manufacturing facility or distribution network.
However, there are also some disadvantages to this method. The company has less control over the manufacturing process and the quality of the product, which can lead to issues with customer satisfaction and product quality.
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On april 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for april legal services was made by the company on may 12. Prepare the required adjusting entry, if any
Answer:
On April 30,
Dr Attorney Fee Expense $3500
Cr Attorney Fee Payables $3500
On May 12,
Dr Attorney Fee Payables $3500
Cr Cash Account $3500
Explanation:
Okay here the attorney fee is the legal fee expense that was accrued in April and must accounted for as accrued expense. The accounting entry would be increase in payables (Credit) and expense (Debit) as well.
Dr Attorney Fee Expense $3500
Cr Attorney Fee Payables $3500
Now on May 12, the company paid the expense which means that the legal fee payable was reduced to zero (Reduction in liabilities is always debited) and the cash is also reduced by $3500 (Asset reduction is always credited).
Dr Attorney Fee Payables $3500
Cr Cash Account $3500