Knowledge Check 01:The fixed overhead cost per month can be identified from the intercept value of the regression model, which is $6,825.84.
This is the cost that Earth Right Spa incurs each month, regardless of the number of clients served.
Knowledge Check 02:
The variable overhead cost per client served can be identified from the coefficient of the 'Guests' variable in the regression model, which is $32.86. This means that for each additional client served, Earth Right Spa incurs a variable overhead cost of $32.86.
Knowledge Check 03:
To calculate the total overhead cost if 100 clients are served, we need to add the fixed and variable costs. Using the information from the regression model, the fixed cost is $6,825.84 and the variable cost per client is $32.86. Therefore, the total overhead cost for 100 clients served would be $6,825.84 + ($32.86 x 100) = $10,111.84.
The regression model provides valuable insights into the relationship between Earth Right Spa's overhead costs and the number of clients served. The intercept value represents the fixed overhead cost that is incurred regardless of the number of clients served.
The coefficient of the 'Guests' variable represents the variable overhead cost per client served. By using this information, we can calculate the total overhead cost for any number of clients served.
However, it is important to note that the cost behaviors identified in this model are expected to hold true only within the range of data observed in the past year and may not necessarily be applicable for future periods or outside the range of data observed.
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How many job openings are projected for Community Health Workers across the
United States between 2019-2029?
64,900
7,600
362,600
2,109
What marketing strategy decisions do marketers have with product lines?
The form which must be filed when an employer withholds federal income tax and FICA taxes is: multiple choice Form 940 Form 941 Form W-2
It should be noted that Form 941 is required to be filled when federal income tax and FICA taxes is been withheld by employer.
What is Form 941?Form 941 serves as the form that is used to determine the amount of taxes that someone is owning.
Therefore, Form 941 requires identification number when filling it and it should be filled by employee.
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the reasons why socio economic issues pose a challenge to businesses
Answer:
Socio-economic issues affect consumer spending due to poverty and unemployment. These issues place extra burdens and expenditure on businesses as they have to develop policies/support systems/ informative programs to address them.
Explanation:
Match the steps that marketing management performs to the scenarios that describe the steps
The steps that marketing management performs to the scenarios that describe the steps include the "Discovery Step --- Marketing management team are performing detailed research for the best target market for their products or services."
The other steps that marketing management performs to the scenarios that describe the steps include the following:
Strategy step -- the marketing management team determines the proper marketing channels for their product or services. Then, they formulate the messaging and finally plan the timing.Implementation step -- the marketing management team decides when and where to execute their targeted, cost-effective marketing campaigns and put them into action.Measurement step -- the marketing management team assesses the marketing campaign results to know the right methods or techniques before continuing with the marketing campaign.Hence, in this case, it is concluded that the Marketing management team plays a vital role in the product life cycle.
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If the price of tortilla chips decreases, and as a result, you buy more salsa, then tortilla chips and salsa:
There are different types of goods, and the price of a good will determine the purchase, tortilla chips and salsa are complementary goods.
What are complementary goods?
A complementary good are goods that have similar use or are related to another.
These goods can be used together at times, or used separately.
Therefore, tortilla chips and salsa are complementary goods because salsa can easily replace tortilla in case of high price.
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The Haus run a 24-hour supermarket, and are deciding how many full-time (FT) staff to hire for each shift in a most cost-efficient way. There are 4 shifts in each day and each shift covers 8 hours. There may be multiple shifts covering the same hour. Details are provided in the CPLEX code below. OPL 28.1.8.8 Model Author: vickymak Creation Date: May 5, 2822 at 3:47:37 PM int shifts - 41 // total number of shifts range Shifts = 1..ntshifts: 18 int Timeslots 241 // one for each hour of the day 11 range Times= 1..nbTimeSlots; 13 in demandStaff[Times] // min required number of staff for each hour of the day 14 (4, 5, 6, 8, 8, 10, 18, 10, 12, 12, 15, 15, 15, 15, 12, 12, 12, 18, 15, 15, 17, 18, 8, 6); 16 intit[Shifts] [Times] [ // 1 representing the hour is covered by the shift, and otherwise 17 11. 1. 1. 11 1, 1, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0], 18 [0, 0, 0, 19 [0, 0, 0, 1. 1. 1. 1. 1. 1 0 0, 0, 0, 0, 2, 2, 2, 8, 8, 8, 8, 6, 5 D. 1, 1, 1, 1, 1, 1, D, D, D, D, D 20 (0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 1, 1, 1, 1, 1, 1, 1, 11: int salaryFTstaff[Shifts] [220, 150, 180, 2001; dvar int+ nbFtoire [Shifts]; 26 dexprint totalFTCost = suns in Shifts) salaryTstaff [s]Fore[s]; minimize totalFTCost; subject to forall (t in Times) ( / for each hour "e", adding up the number of staffs hired for each shift that covers this time "t", we must make sure that the sum is not smaller than the min number of staff required for this tine "t" sumts in Shifts) ajt[s][t]nbFtoire[s] demandStaff[t]; Use the CPLEX model given above to solve the problem. What is the optimal number of staff to hire for each shift? What is the total cost? [5 marks] The Haus are now considering hiring part-time (PT) staff on a hour-by-hour basis. They have decided that a PT-staff can be hired at any hour t as long as there is at least one FT-staff present. The cost of hiring a PT staff for each of the 24 hours in the day is given below. 27 int staff = 28 (16, 18, 18, 20, 20, 20, 22, 22, 20, 20, 20, 20, 22, 24, 24, 24, 26, 28, 18, 16, 14, 14, 14, 14); [7 Explain the changes required in the optimization model to incorporate PT staff. marks] • Modify the CPLEX code to implement the change. Please provide the code. [5 marks] • Solve the new problem using CPLEX. In this optimal solution, how many FT staff for each shift should the Haus hire, how many PT staff for each hour should they hire, and what is the total cost?
Optimal number of staff to hire for each shift is 2,2,3 and 3 for shifts 1 to 4 respectively. The total cost is 2640.
The Haus run a 24-hour supermarket, and are deciding how many full-time (FT) staff to hire for each shift in a most cost-efficient way. There are 4 shifts in each day and each shift covers 8 hours.
There may be multiple shifts covering the same hour. Given below is the OPL code: int shifts - 4;range Shifts = 1..ntshifts; int Timeslots - 24;range Times = 1..nbTimeSlots;int demandStaff[Times] = [4, 5, 6, 8, 8, 10, 18, 10, 12, 12, 15, 15, 15, 15, 12, 12, 12, 18, 15, 15, 17, 18, 8, 6]; int ajt[Shifts][Times][nbStaff] = [[[1, 1, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0], [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 1, 1, 1, 1, 1, 1, 1, 1], [1, 1, 1, 1, 1, 1, 1, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0], [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 1, 1, 1, 1, 1, 1, 1, 1]], [[1, 1, 1, 1, 1, 1, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0], [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 1, 1, 1, 1, 1, 1, 1, 1, 1], [1, 1, 1, 1, 1, 1, 1, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0], [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 1, 1, 1, 1, 1, 1, 1, 1]], [[1, 1, 1, 1, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0], [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1], [1, 1, 1, 1, 1, 1, 1, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0], [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 1, 1, 1, 1, 1, 1, 1, 1]], [[0, 0, 0, 0, 1, 1, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0], [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1], [1, 1, 1, 1, 1, 1, 1, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0], [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 1, 1, 1, 1, 1, 1, 1, 1]]];int salaryFTstaff[Shifts] = [220, 150, 180, 200];dvar int+ nbFtoire[Shifts];minimize totalFTCost = sum(s in Shifts) salaryTstaff[s]*nbFtoire[s];subject to forall (t in Times) {sum(ts in Shifts) ajt[ts][t][nbStaff]*nbFtoire[ts] >= demandStaff[t];}optimal number of staff to hire for each shift is 2,2,3 and 3 for shifts 1 to 4 respectively. The total cost is 2640.
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Yvonne and Simon form Ion Corporation. Yvonne transfers equipment (basis of $188,600 and fair market value of $282,900). Simon invests $226,320 of cash. They each receive 100 shares in Ion Corporation, worth $226,320, but Yvonne also receives $56,580 in cash from Ion. Calculate Ion Corporation's basis in the equipment and determine Yvonne and Simon's basis in the Ion stock
The basis in the equipment transferred by Yvonne is $188,600, which represents the original cost of the equipment.
Ion Corporation's basis in the equipment will be the higher of the fair market value or the adjusted basis of the property in the hands of the transferor. In this case, since the fair market value of the equipment is $282,900, Ion Corporation's basis in the equipment will be $282,900.
Yvonne's basis in the Ion stock will be the total value of her investment, which includes the equipment transferred ($188,600) plus the cash received ($56,580), totaling $245,180.
Simon's basis in the Ion stock will be the total value of his investment, which is the cash contribution ($226,320).
Therefore, Yvonne's basis in the Ion stock is $245,180, and Simon's basis is $226,320.
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Explain the impact of strikes as a socio-economic issue on businesses.
In pure competition, producers compete exclusively on the basis of
a. selling identical items.
b. advertising heavily to promote their good.
c. producing the unique features of their good.
d. focusing on maintaining a positive image.
Answer:
a. selling identical items.
Explanation:
A pure competition market is characterized by many firms selling a homogeneous product in a market with many buyers. There are no dominant suppliers; hence no single or group of sellers can influence the price. Pure competition is also the perfect competition.
The key characteristics of pure competition are
There are many buyers and sellersAll firms sell an identical productAll sellers are price takers. None can influence pricesThere is intense competition due to the high number of sellersEase of entry and exit from the market.A. selling identical items.
How much y’all think I’m worth?
Y’all think ima great dancer?
Who follows me
Answer:
What????..............
Your store has average sales of $1,680 per day. Its shrinkage rate is 3%. What will its losses be for an entire year?
Answer:
$18,396
Explanation:
Average sales of the store per day = $1,680
Number of days in a year = 365
Total sales in a year = $1,680 x 365 = $6132,200
Shrinkage rate = 3%
Losses for an entire year = 0.03 x $6132,200 = $18,396
How cash inflow and outflow affects the components of a financial plan
If you are planning for developing your career as a photographer then what are the stages that you have to go through. Explain it.
Answer:
A career as a photographer can be an exciting avenue for creative expression, as photographers have the opportunity to work in many settings and meet diverse people. Yet it is also a technically demanding profession, so those interested in becoming photographers must consider the training they will need before committing to this career path. It is also important to know how photographers compare to similar careers in terms of education requirements, average salaries and projected job growth rates. This guide provides in-depth information that can help readers decide if a photography degree can put them on the right career path.
Explanation:
:-). ✓✓✓✓✓✓✓√√√√√√√√√√√
Sometimes the government will step in when they feel the need to encourage competition in
a particular industry and to break up companies that have nearly complete control over a
particular market. What is it called when the government initiates action against companies
that appear to have too much power?
A.consumer protection
B.OSHA
C.monopolies
D.antitrust suits
How can you determine an independent contractor?
A. Independent contractors have an interview and a daily schedule
b. Their work and work hours are minimally controlled
c. Their work and work hours are moderately controlled
Answer:
B.
Explanation:
Answer:
b
Explanation:
lollllaoqlqlwlwkwjebsnan
The Earth has a moment of inertia, I = 8.04×10^37 kg*m^2. The Earth rotates at a moderate angular velocity of 7.2921159 ×10^−5 radians/second.
Using Conservation of Angular Momentum we can find the new rotation of the earth.
L=I*omega= 8.04×10^37 kg*m^2 * 7.2921159 × 10^−5 = 5.86286*10^33.
5.86286*10^33 = (8.04×10^37 + 1.5424*10^22) *omega
-> solve for omega = 7.292115899502489e-05
This is 4.97511e-15 rad/s slower than earth's original rotation. This translates to 6.752*10^-10 seconds = 0.6752 nanoseconds longer per day.
David left $300 in an account that earns 5% interest on
the money he originally deposited. When he collected his
interest, he had earned $60 in interest. How long did he
leave the money in the account?
The amount of time that David did not touch the funds in the account is equal to four years.
Can you explain the concept of earned interest?A person who invests a certain sum of money for a predetermined length of time is entitled to receive a predetermined amount of money on a regular basis as interest on that investment.
The initial investment is equal to $300 (p).
The time, or T, equals X.
The rate of interest yield, denoted by (R), is equal to 5%.
$ 60 is equivalent to simple interest (SI).
Applying the calculation method;
SI = P×T×R/100
Transform T into the focus of the formula;
T = SI×100/P*R
T= 60×100/300×5
T= 6000/1500
T equals four years.
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Eric has decided to invest small amounts in bonds over time. This rules out purchasing a single bond. He is seeking a bond mutual fund with a yield over 4%. Which fund would you recommend?
Mutual fund name:
Ticker symbol:
Mutual fund objective:
Expense ratio:
Minimum investment:
Minimum additional investment:
Yield:
Eric has decided to invest small amounts in bonds over time. This rules out purchasing a single bond. He is seeking a bond mutual fund with a yield over 4%. Yield, fund would be recommended.
What is bonds?
Bonds are issued by governments and corporations when they want to raise money. By buying a bond, you're giving the issuer a loan, and they agree to pay you back the face value of the loan on a specific date, and to pay you periodic interest payments along the way, usually twice a year.
Bonds yield income, are think over little riskier than working capital and can help change portfolios. The first is to hold those bonds yield until their maturity date and accumulate interest commences on them. Bonds, in general, are less risky and more buttoned-up than frameworks in yield.
As a result, the significance of the bonds yield to invest small amounts in bonds over time are the aforementioned.
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When you start to build a new product, you should first design for a single platform that _____.
When starting to build a new product, it is often best to first design for a single platform that has the highest potential for success.
This allows the development team to focus their resources and efforts on creating a high-quality product that is optimized for a specific platform, which can help increase its chances of success.
Designing for a single platform also allows the development team to gain valuable insights and feedback from users, which can be used to refine the product and improve its overall quality. Once the product has been optimized for one platform and has gained a solid user base, the development team can then expand the product to other platforms.
Designing for a single platform also helps to simplify the development process, as each platform has its own unique requirements and constraints that must be considered. By designing for a single platform, the development team can avoid unnecessary complexity and ensure that the product is well-suited for the platform on which it is being developed.
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Since the Colorado Rockies baseball team does not have any direct competitor within 500 miles of Denver, it does not need to worry about the competition factor of the external marketing environment.
T/F
False.
Even without a direct competitor within 500 miles, the Colorado Rockies still need to consider the competition factor in the external marketing environment, as there are indirect competitors (e.g. other sports teams, entertainment options) and fans can still follow and support distant teams.
This is because there are indirect competitors such as other sports teams and entertainment options that can draw fans away from attending or supporting the Rockies.
In addition, with modern technology, fans can easily follow and support distant teams, which means that the Rockies must compete not only with local teams but also with teams from other regions.
Therefore, even if there is no direct competition within a certain radius, the Rockies still need to develop effective marketing strategies to attract and retain fans in order to maintain their success and profitability.
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2,400 units is $5.50. the minimum possible average variable cost is $2.60. the market price of the product is $4.70. to maximize profits or minimize losses, the firm should question 44 options: continue production, but reduce output. shut down. increase production. continue producing 2,400 units.
To maximize profits or minimize losses, the firm should consider its average variable cost in comparison to the market price of the product.
The minimum possible average variable cost is $2.60, which is lower than the market price of $4.70. Therefore, the firm can continue producing 2,400 units and sell them at the market price to generate revenue that exceeds its variable cost and make a profit.
However, if the market price were to drop below $2.60, it would be more profitable for the firm to shut down production as it would be operating at a loss. On the other hand, if the market price were to increase, the firm could consider increasing production to meet the demand and generate more revenue.
Reducing output may not necessarily be the best option as it would lower the revenue generated and potentially result in a loss. Therefore, the best option for the firm would be to continue producing 2,400 units and monitor market prices to make necessary adjustments in the future.
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how would recession effect the economic
Answer:
Recession cause standard monetary and fiscal effects.
Explanation:
Recession impact all kinds of business, large and small,due to tightening credit conditions, slower, demand, and general fear and uncertainty.
Explain how James can change his farming habits to have a more-productive farm in the following scenario.
James has been losing money on his farm recently, so he has switched to a lower-quality fertilizer of human-made chemicals. As a result, his crops are not growing as well. He is finding it difficult to sell them, causing James to lose even more money.
Answer:
James should switch to a higher-quality fertilizer to ensure his crops grow well.
Explanation:
If he switches to a higher-quality fertilizer, his plants will grow better, and as a result they will sell better.
James can change his farming habits to have a more productive farm by switching to sustainable farming practices that prioritize soil health and natural fertilizers.
Explain how James can change his farming habits ?The use of chemical fertilizers can negatively impact the quality of the soil over time, leading to decreased crop yields and decreased profits.
To start, James could invest in improving the quality of his soil by rotating crops, practicing cover cropping, and incorporating organic matter such as compost into his fields. This will help to improve the health and nutrient content of the soil and lead to healthier crops.
Additionally, James could consider implementing sustainable pest management strategies, such as integrated pest management, to reduce his reliance on harmful chemicals. This will not only benefit the environment but also save James money on expensive pesticides.
Finally, James could explore alternative marketing strategies to sell his crops, such as farmers markets, community-supported agriculture programs, and direct-to-consumer sales. These methods may help James to reach a more interested and engaged audience who value sustainably grown produce.
Overall, by prioritizing soil health, reducing reliance on harmful chemicals, and exploring alternative marketing strategies, James can change his farming habits to have a more productive and profitable farm.
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An employer is allowed to use Form 944 when:
Their annual payroll tax liability is $1,500 or less.
They are a new employer, in which case Form 944 is required.
They make a request to use Form 944 and the request is pending.
They receive notification from the IRS that use of Form 944 is approved.
Form 944 is an employer's yearly tax return to report withholding and payroll taxes to the IRS. Employers who meet certain conditions can use this form. An employer is allowed to use Form 944 when they meet any of the following conditions: Their annual payroll tax liability is $1,500 or less.
They are a new employer, in which case Form 944 is required. They make a request to use Form 944 and the request is pending.They receive notification from the IRS that use of Form 944 is approved. The form is used to report payroll taxes on an annual basis instead of every quarter. This will save the employer the trouble of filing Form 941 every quarter.Using Form 944, the employer will report the amounts of social security and Medicare taxes withheld from the employee's wages. This form is also used to report the employer's share of social security and Medicare taxes. In addition to the annual reporting of payroll taxes, Form 944 can also be used to pay the payroll taxes that are due for the year.There are certain limitations to using Form 944. If the employer is required to use Form 944, but instead uses Form 941, they will be subject to penalties. Similarly, if an employer is using Form 944, but then their annual payroll tax liability exceeds $1,500, they will have to start using Form 941 in the next calendar year.
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Cosco Company had 300,000 shares of common stock issued and outstanding at December 31, 2017. During 2018, no additional common stock was issued. On January 1, 2018, Cosco issued 400,000 shares of convertible preferred stock. Each preferred share can be converted to one share of common stock. During 2018, Cosco declared and paid $180,000 cash dividends on the common stock and $150,000 on the convertible preferred stock. Net income for the year ended December 31, 2018 was $960,000. What should be Cosco's 2018 earnings per common share and diluted EPS rounded to the nearest penny? Show computations.
Cosco's 2018 earnings per common share should be $2.94, and the diluted earnings per share should also be $2.94.
To calculate the earnings per common share (EPS), we need to determine the weighted average number of common shares outstanding. Since no additional common stock was issued during 2018, the number of common shares remains at 300,000.
First, we calculate the weighted average number of common shares outstanding by considering the time period each share was outstanding. Since the convertible preferred stock can be converted to common stock, we include it in the calculation.
Weighted average common shares outstanding:
= Number of common shares outstanding throughout the year + (Number of convertible preferred shares × Conversion rate × [1 - (Dividends on convertible preferred stock / Net income)])
Number of common shares outstanding throughout the year = 300,000
Number of convertible preferred shares = 400,000
Conversion rate = 1 (each preferred share can be converted to one common share)
Dividends on convertible preferred stock = $150,000
Net income = $960,000
Weighted average common shares outstanding:
= 300,000 + (400,000 × 1 × [1 - ($150,000 / $960,000)])
= 300,000 + (400,000 × 1 × [1 - 0.15625])
= 300,000 + (400,000 × 1 × 0.84375)
= 300,000 + 337,500
= 637,500
Next, we can calculate the earnings per common share by dividing the net income by the weighted average number of common shares outstanding.
Earnings per common share:
= Net income / Weighted average common shares outstanding
= $960,000 / 637,500
≈ $1.50
To calculate the diluted earnings per share (EPS), we need to consider the potential dilution of the convertible preferred stock.
Diluted earnings per share:
= Net income / (Weighted average common shares outstanding + Potential dilution from convertible preferred stock)
The potential dilution from convertible preferred stock is determined by assuming the conversion of all convertible preferred shares into common shares.
Potential dilution from convertible preferred stock:
= Number of convertible preferred shares * Conversion rate
= 400,000 × 1
= 400,000
Diluted earnings per share:
= $960,000 / (637,500 + 400,000)
≈ $2.38
Since the diluted EPS of $2.38 is higher than the basic EPS of $1.50, there is a dilutive effect from the convertible preferred stock.
Therefore, Cosco's 2018 earnings per common share is $1.50, and the diluted earnings per share is $2.38, rounded to the nearest penny.
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which section of the country’s economy was opposed to protective tariffs?
The section of the country's economy that was opposed to protective tariffs was the Southern agricultural economy.
They believed that tariffs would increase the cost of goods they needed to purchase, such as manufactured goods, and hurt their ability to sell their agricultural products overseas. Additionally, they felt that the tariffs primarily benefited Northern industrial interests.
The section of the country's economy that was opposed to protective tariffs was primarily the agricultural sector, particularly in the Southern United States.
Understand the terms. Protective tariffs are taxes imposed on imported goods to protect domestic industries from foreign competition.
Identify the opposition. The agricultural sector, especially in the Southern United States, relied heavily on exporting their products (such as cotton) to other countries. They also needed to import manufactured goods, which would become more expensive due to the tariffs.
Recognize the reasoning. Southern farmers opposed protective tariffs because they increased the cost of imported goods and decreased the demand for their exported products, which could lead to lower incomes and economic difficulties for the agricultural sector.
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[15] The market price under monopoly tends to be _than the market price under pure competition. A. B. higher lower A. B. D. [16] Which of the following weaken the ability of firms to form a cartel? Firms have high inventories There are a large number of firms attempting to cooperate C. Firms sell a homogeneous product all of the above [17] The Herfindahl index in the case of monopolistic competition equals 10,000 equals 0. C. exceeds 10,000 D lies between 0 and 10,000. (18) According to the kinked demand curve model, firms expect their rivals to match any price increases (i.c., if a firm increases its price it expects all other firms to increase their prices) True False [19] In monopolistically competitive markets, firms price their product above their marginal cost, A B. A B A. B. True False
[15] The market price under monopoly tends to be higher than the market price under pure competition. This is because monopolies are single suppliers of a good or service in the market. Due to lack of competition, monopolies are in a position to dictate their own prices without the threat of losing market share.
In contrast, in a perfectly competitive market, there are many buyers and sellers of goods or services. With many suppliers, competition is high, and the prices of goods or services are relatively low. Therefore, a monopolist has the power to influence the market price and charge a higher price than under perfect competition. [Answer in 88 words][16] The ability of firms to form a cartel is weakened by the existence of a large number of firms attempting to cooperate. When there are only a few firms in a market, they can form a cartel to limit competition and maximize profits. However, in the presence of many firms, it is difficult to enforce agreements and collusion can break down quickly. High inventories and selling homogeneous products may help firms cooperate, but they are not significant factors in weakening the ability of firms to form a cartel. [Answer in 65 words][17] The Herfindahl index in the case of monopolistic competition lies between 0 and 10,000. The Herfindahl index is a measure of market concentration that adds up the squares of the market shares of all firms in a market. In a monopolistically competitive market, there are many firms that produce differentiated products. To maximize profits, each firm chooses a price that is higher than its marginal cost but lower than the price charged by its competitors. This is referred to as price discrimination. [Answer in 74 words]
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Which of the following approaches measures team performance by the team's ability to meet specific, predefined goals
O the results approach
the behaviors/process approach
the goals approach
the outcome approach
Answer:
the results approach.
Explanation:
This is because this approach emphasises on the results and outcomes produced by the team.
The approaches that measures team performance by the team's ability to meet specific, predefined goals is: results approach.
What is result approach?Result approach is a performance evaluation approach and can be defined as the type of approach that is used to determine a person perfomance based on the outcome of their tasks.
Most companies tend to make use of result approach to know how well an employee perform on the tasks they are assigned especially when the employee meet or achieved the set goals.
Therefore the approaches that measures team performance by the team's ability to meet specific, predefined goals is: results approach.
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