Suppose that an economy produces only 2 goods: baseball bats and 2 x 4's. Also, the only input needed
to make these goods is trees. Basically, 1 tree makes 10 baseball bats, and 1 tree makes 20 2 x 4's. If
there are 5 trees in the economy, draw the production possibilities frontier for this economy.
HINT: Put bats on one axis and 2 x 4s on the other axis.
4. Plot any two points on the curve and label them A and B. Then, describe the opportunity cost (what
did you have to give up) by moving from point A to point B. (estimating is ok)
BATS
The production possibilities frontier is 50 baseball bats or 100 2 x 4's.
Production possibilities frontierSupposing that an economy produces only 2 goods: baseball bats and 2 x 4's, and the only input needed to make these goods is trees, and 1 tree makes 10 baseball bats, and 1 tree makes 20 2 x 4's, to determine, if there are 5 trees in the economy, the production possibilities frontier for this economy, the following calculation must be made:
5 x 10 = x50 =X5 x 20 = x100 =XTherefore, the production possibilities frontier is 50 baseball bats or 100 2 x 4's.
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Leadership ability is important to managers because
a-business will not hire a manager without leadership skills
b-leadership helps managers satisfy employees needs while also meeting the goals of the business
c- managers must get work done whether or not employees want to do it
explain the role of director of board of directors in public company.
four points
Explanation:
The board of directors is elected to represent shareholders' interests. Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation.
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Which kind of sampling method we will generally use when we are intended to conduct a qualitative study?
Purposeful sampling is the kind of sampling method we will generally use when we are intended to conduct a qualitative study
Sampling method:
The term sampling method refers the selection of a subset of the population of interest in a research study.
Given,
Here we need to find the type of sampling method we will generally use when we are intended to conduct a qualitative study
As in the given situation, Purposeful sampling is widely used in qualitative research for the identification and selection of information-rich cases related to the phenomenon of interest.
And there are several different purposeful sampling strategies, criterion sampling appears to be used most commonly in implementation research.
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O’donnell & company employs the practice of team building and thinking outside the box. They are likely to have ________blank compared to a company with low engagement.
Teamwork and creative problem-solving are values held by O'Donnell & Company. Compared to a low-engagement company, they are more likely to experience fewer turnovers.
Teamwork is the collective effort of a group to accomplish a job or reach a common objective in the most effective and efficient way possible. This idea is understood within the broader context of a team, which is the made up of interdependent individuals who collaborate to achieve a common goal.
The four fundamental of characteristics of a team are shared purpose, interdependence, boundedness, stability, and the capacity to manage one's own work and internal processes. For the effective teamwork, there must be a sufficient team size. The goal will be determine the team sizes, and the context is crucial.
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The sales force will be more likely to be successful when the company's corporate culture and marketing strategy are:
Increase Sales Revenues, Lead Conversion, Deployment Rate & More. Learn More. Unify marketing, sales, service, commerce, and IT on the world's #1 CRM. i hope this helps you! <3 P.S wish you luck!
Wilma is a salesperson with Broker Fred. Wilma arranges for a listing with a seller. When Fred accepts the listing, a contract and agency relationship are created. What is the relationship between Wilma and the seller
The relationship between Wilma and the seller is called a sub-agent relationship
What is a sub-agent relationship?
A sub-agent relationship happens when the agent or broker brings a buyer to purchase a property from him whereaS he is not the property's listing agent.
In conclusion, the relationship between Wilma and the seller is called a sub-agent relationship
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Question 5 When expected quality is greater than the actual quality, that result in + Satisfied customer (B) Dissatisfied customer Over satisfied customer None of the above
When the expected quality is greater than the actual quality, it typically results in a Dissatisfied customer.
Customers form expectations based on factors such as brand reputation, marketing messages, past experiences, and perceived value. If the actual quality of a product or service falls short of these expectations, customers may feel disappointed, frustrated, or dissatisfied. For example, imagine a customer who purchases a high-end smartphone with expectations of exceptional performance, durability, and advanced features. However, upon using the device, they discover that it has poor battery life, frequent software glitches, and lacks certain promised functionalities. In this case, the customer's high expectations were not met, leading to dissatisfaction. Customer dissatisfaction can have significant consequences for businesses. It can result in negative word-of-mouth, reduced customer loyalty, and potential loss of future sales. Therefore, organizations strive to align their actual quality with customers' expectations or, ideally, exceed them to create positive experiences and foster customer satisfaction. Regular quality assessments, customer feedback, and continuous improvement efforts are essential in bridging the gap between expected and actual quality to meet or exceed customer expectations.
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4. (20 points) Consider a small open economy with perfect capital mobility
and a floating-exchange-rate system. The economy is initially in
equilibrium at the natural level of output with balanced trade. Compare the
impact of a tax cut in the short run (when prices are fixed) and in the long
run (when prices are flexible) on: (a) output, b) consumption, (c) investment,
(d) net exports, and (e) the exchange rate
A tax cut has a different impact in the short and long runs when prices are fixed and flexible, respectively. When prices are fixed, an increase in demand due to a tax cut can increase output, but in the long run, prices are flexible, and any increases in demand are offset by increases in prices. A tax cut will have different impacts on output, consumption, investment, net exports, and exchange rates, as shown below:
a) Output: In the short run, a tax cut increases aggregate demand, increasing the natural level of output. In the long run, the increase in aggregate demand drives up prices, and the natural level of output remains the same.
b) Consumption: In the short run, a tax cut increases disposable income, increasing consumption. In the long run, the increase in prices reduces the real value of disposable income, and consumption falls.
c) Investment: In the short run, a tax cut increases investment, as lower taxes increase after-tax returns on investment. In the long run, the increase in prices increases interest rates, which reduces investment.
d) Net Exports: In the short run, a tax cut increases demand for domestic goods and services, increasing net exports. In the long run, the increase in prices reduces international competitiveness, reducing net exports.
e) Exchange Rate: In the short run, a tax cut increases demand for domestic goods and services, increasing the demand for domestic currency, increasing the exchange rate. In the long run, the increase in prices reduces international competitiveness, reducing the demand for domestic currency, decreasing the exchange rate.
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which policy requires an agent to register with the national association of security steelers nasd before selling
The policy that requires an agent to register with the National Association of Securities Dealers (NASD) before selling is the NASD policy.
What is NASD?NASD is a self-regulatory organization in the United States that regulates the financial industry. In the 1930s, Congress established NASD as a self-regulatory organization for broker-dealers to aid in the regulation of the over-the-counter market. The Financial Industry Regulatory Authority (FINRA) is the successor to the NASD policy.NASD's rules and regulations govern the behavior of its members, ensuring that they comply with federal securities laws and protecting investors. It does this by overseeing member companies' activities, approving members, and taking action against those that fail to comply with the regulations.
To conclude, the policy that requires an agent to register with the National Association of Securities Dealers (NASD) before selling is the NASD policy.
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Share of disposable income: what has happened in the last century?
In 2022, there will likely be a rise in per capita disposable income, which could create an opportunity for the sector. The personal savings rate is the proportion of discretionary income that is set aside for retirement or other future needs.
The amount to be deducted from a person's wages for payments to third parties or past taxes is determined by the federal government using that person's disposable income. The level of consumer expenditure on goods and services is assumed to have a strong link across time with changes in real disposable income. This connection between current real disposable income and household spending and saving was the main emphasis of the Keynesian theory of consumption.
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How much do you need to deposit each month for three years into a savings account that pays 6. 5% apr in order to buy a car that costs $25,000?.
We, would need to deposit $668.06 each month for three years into a savings account that pays 6.5% APR in order to have enough to buy a car that costs $25,000.
To calculate the amount needed to deposit each month, we can use the formula for future value of an annuity;
\(F_{V}\) = \(P_{mt}\) x (\((1+r)^{n-1}\)) / r
Where; \(F_{V}\) = Future value (in this case, the cost of the car which is $25,000)
\(P_{mt}\) = Payment
r = Interest rate per period (in this case, 6.5% APR / 12 months = 0.00542 monthly interest rate)
n = Number of periods (in this case, 3 years x 12 months per year = 36 months)
Plugging in the numbers, we get;
25,000 = \(P_{mt}\) x ((1 + 0.00542)³⁶⁻¹) / 0.00542
Solving for \(P_{mt}\), we get;
\(P_{mt}\) = 25,000 x 0.00542 / ((1 + 0.00542)³⁶⁻¹)
\(P_{mt}\) = $668.06
Therefore, we would need to deposit $668.06.
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Which career pathway is expected to have a growth rate that is average or below?
Film Editing
O Visual Arts
O Telecommunications
Television Announcing
Answer:
other is right its c
Explanation:
What are good sides and bad sides of breaking news and some examples why is it bad/good?
Answer:
breaking news may have a bad news example of bad news is fake news
Answer:
In my opinion, I see that the good side of news is that it help people be more aware of what's going around, and some may contribute to the rise in support for some fundings and charity programs for example: if a breaking news about a victim of any crime for example stolen house is displayed, an interview can give a voice to the victim to speak out and maybe raise fundings to repair all stolen goods or damaged items. On the other hand, some breaking news can end up sending out the wrong message and information for example talking about untrustable information, which may later on turn out to be wrong this can cause rumors.
Unions Group of answer choices and firms paying wages above equilibrium to improve worker effort both create structural unemployment. creates frictional unemployment, while firms paying wages above equilibrium to improve worker effort creates structural unemployment. and firms paying wages above equilibrium to improve worker effort both create frictional unemployment. creates structural unemployment, while firms paying wages above equilibrium to improve worker effort creates frictional unemployment.
Answer:
And firms paying wages above equilibrium to improve worker effort both create structural unemployment
Explanation:
In the case when union and firm would pay the wages that are over & above equilibrium in order to improve the effort of the workers so this would happen to develop the structural unemployment as it deals with the change in the technology
So first option is correct
But the other options would be considered incorrect
Which of the following countries did not trade with the Phoenicians?
O Babylonia
Japan
O Egypt
Greece
The government of the liong kong special administrative region company description.
The government of the Hong Kong Special Administrative Region is a government agency responsible for the administration of Hong Kong.
It is headed by the Chief Executive, who is appointed by the Central People's Government of the People's Republic of China. The government is responsible for the implementation of policies, laws, and regulations in Hong Kong. It oversees the provision of public services such as education, health, and social welfare. It also maintains law and order, including the administration of the judicial system and the police force.
The government of Hong Kong Special Administrative Region is committed to maintaining Hong Kong's autonomy under the "One Country, Two Systems" principle, which allows Hong Kong to maintain its own political, economic, and legal system separate from mainland China.
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Helena is only a couple months into running her nail salon business and she
has just paid all of her expense for the month. She made $5,000 for the
month of June and her expenses totaled about the same. Which term best
describes this occurrence?
A. Return on investment
B. Break-even point
C. Survival pricing
D. Markup plan
Answer:
B. Break-even point
Explanation:
APEX
The given situation can be best described as the Break-even point. Hence, Option B is correct.
What does Break-even point mean?
In economics, business, and particularly cost accounting, the break-even point is the point at which total cost and total income are equal, or "even."
Although opportunity costs have been paid and capital has received the risk-adjusted, projected return, there is no net loss or gain, and one has "broken even."
The break-even threshold is reached when overall costs and total revenues are equal, leaving small firm with no net benefit or loss. In other words, when an individual achieved the point in production where the revenue from a product equals the cost of manufacture.
Therefore, Option B is correct as the expenses and income both are same in the month of June.
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‘Rasina Industry ‘ is in crisis due to the Corona pandemic. It needs a professional specialists for its planning . To do this job it appointed Mr. Rudramani Rana. The company asked him to do planning at the earliest. But Mr. rana said that planning is not any guess work, which may be immediately completed. Rather, it is a logical and systematic –thinking . In other words, planning is something orderly and is based on facts and forecast. Mr. Rana took full time for time for planning and succeeded in doing a better planning.
Identify the feature of planning in the event described above.
a) Planning is continuous b) Planning is futuristic
c) Planning involves decision making d) Planning is mental exercise
Answer:
D. Planning is a mental exercise
Explanation:
Planning involves a lot of logical and systematic thinking which requires us to apply our brain and forward thinking ability to solve the problems that involves exercising our brain to finding solutions. Hence, we can say Planning is a mental exercise that uses logical
during may, hatch company incurred factory overhead costs as follows: indirect materials, $3,170; indirect labor, $3,070; utilities cost, $1,620; and factory depreciation, $2,090.
The company's total expense for the month of May was $9,950.
What are business expenses?The expenses of a company is a term to refer to all the goods or services necessary for the operation of a company. Generally, there are some services and goods that the company must purchase externally so it must pay for them instead of producing them itself.
According to the above, to calculate the monthly expenses of this company we must add all the values as follows:
$3,170 + $3,070 + $1,620 + $2,090 = $9,950.
Note: This question is incomplete due to missing information. Here is the complete information:
Ask
Calculate the total expense of the company during the month of May.
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Green manufacturing company produces a product that has a variable cost of $40 per unit. fixed costs amount to $265,000. the selling price of the product is $48. the contribution margin per unit is:________
Green manufacturing company produces a product that has a variable cost of $40 per unit. fixed costs amount to $265,000. the selling price of the product is $48. the contribution margin per unit is $8
It is calculated as:
Contribution Margin = Sales Price - Variable cost
= $48- $40 = $8.
The contribution margin is stated on a gross or per-unit basis. It determines the incremental money which is generated for each product or each unit sold after deducting the variable portion of the costs of the firm.
The contribution margin is computed as the selling price per unit and then deduct the variable cost per unit. It is also known as dollar contribution per unit. It is the measure which indicates how a particular product contributes to the overall profit of the company.
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Choice corporation reported beginning and ending total assets of $26,000 and $22,000, respectively. its net sales for the year were $18,960. what was choice's asset turnover ratio?
The asset turnover ratio is calculated by dividing net sales by average total assets, $18960 / ( ($26000 + $22000) / 2) = 0.79.
The asset turnover ratio measures the efficiency of a company's property in generating revenue or sales. It compares the dollar quantity of income (revenues) to its general belongings as an annualized percentage. consequently, to calculate the asset turnover ratio, divide net sales or revenue by the average total property.
Higher turnover ratios imply the organization is the use of its property extra efficiently. Lower ratios suggest that the organization is not the use of its assets efficaciously and maximum probably has management or production issues. For instance, a ratio of 1 way that the net sales of an enterprise equals the common total property for the year.
Asset turnover, total asset turnover, or asset turns is a monetary ratio that measures the performance of a company's use of its property in generating sales or income profits for the company.
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Over the past decade, the number of new car sales are down and the number of new car leases are up. What is probably the main reason why this is true?
Answer:new cars are getting too expensive
Explanation:
Which of the following is another name for hard skills?
A. People skills
B. Technical skills
C. Management skills
D. Study skills
Technical skills is another term that is used to refer to hard skills.
What is meant by technical skills ?Technical skills are the specialized knowledge and proficiency needed to carry out certain activities and make use of particular equipment and programs in practical settings. Almost every sector and industry, from IT and business administration to health care and education, need a wide range of technical abilities.
Technical skills are specialized knowledge or talents that may be applied to real-world work in the fields of math, science, technology, engineering, and the arts. The use of certain tools and the technology needed to employ those tools are often prerequisites for technical abilities.
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Answer:B. Technical Skills
Explanation:
took the test
define economics according to adam Smith .
Smith defined economics as “an inquiry into the nature and causes of the wealth of nations.”
which of the following situations can cause items on the balance sheet to change in a way that is not reflected in the three cash flow activities section of the scf? (check all that apply) 1.No Answer 2.Large cash investing and financing activitie 3.Acquisition / divestiture of a business entity 4.Subsidiaries in other industries 5.Foreign currency translation adjustments K
Option (2), (3) and (5), Situations that can cause items on the balance sheet to change in a way that is not reflected in the three cash flow activities section of the statement of cash flows (SCF) include large cash investing and financing activities, acquisition/divestiture of a business entity, and foreign currency translation adjustments.
1. No answer: This option is not relevant to the question and therefore cannot be selected as an answer.
2. Large cash investing and financing activities: Large cash investing and financing activities can cause items on the balance sheet to change in a way that is not reflected in the three cash flow activities section of the SCF. For example, if a company issue bonds to raise cash, the increase in liabilities would be reflected in the financing activities section of the SCF, but the actual cash received would not be reflected in the operating, investing, or financing activities section. Similarly, if a company purchases a new property, plant, and equipment (PP&E) using cash, the decrease in cash would be reflected in the investing activities section, but the actual impact on the balance sheet (increase in PP&E and decrease in cash) would not be reflected in any of the three sections.
3. Acquisition/divestiture of a business entity: When a company acquires or divests a business entity, the impact on the balance sheet may not be reflected in the three cash flow activities section of the SCF. For example, if a company acquires a subsidiary, the increase in assets and liabilities would be reflected in the investing activities section of the SCF, but the actual cash paid would not be reflected in any of the three sections.
4. Subsidiaries in other industries: This option is not relevant to the question and therefore cannot be selected as an answer.
5. Foreign currency translation adjustments: Foreign currency translation adjustments can cause items on the balance sheet to change in a way that is not reflected in the three cash flow activities section of the SCF. For example, if a company has foreign subsidiaries, the translation of its financial statements from its local currency to the reporting currency can result in changes to the balance sheet that are not reflected in any of the three sections.
In conclusion, options 2, 3, and 5 can cause items on the balance sheet to change in a way that is not reflected in the three cash flow activities section of the SCF.
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Recommend ONE strategy a manager could implement to reconcile the conflicting interests of the business with society.
One strategy a manager could implement to reconcile the conflicting interests of the business with society is to adopt a Corporate Social Responsibility (CSR) approach.
What is a Corporate Social Responsibility (CSR)?One way a manager could implement CSR is by identifying the key stakeholders of the business, including employees, customers, suppliers, communities, and the environment. By considering the needs and interests of these stakeholders in the company's decision-making processes, the business can strive to create value for all stakeholders, rather than just maximizing profits for shareholders.
Additionally, the manager could implement sustainability initiatives, such as reducing the company's carbon footprint, promoting ethical sourcing and production practices, and supporting local communities through charitable donations or volunteerism.
By adopting a CSR approach, the manager can help to create a more sustainable and equitable business model that considers the interests of both the business and society.
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there are six primary characteristics of an organization's culture. the degree to which employees are expected to be innovative and flexible as well as to take risks and experiment is called:
The degree to which employees are expected to be innovative and flexible, take risks, and experiment is called "risk tolerance" in the context of an organization's culture.
Risk tolerance refers to the organization's willingness to accept and encourage employees to explore new ideas, approaches, and initiatives without fear of negative consequences. It reflects the organization's openness to change and its support for innovation and creativity. Organizations with a high risk tolerance culture tend to value and reward entrepreneurial behavior, while those with a low risk tolerance culture may be more conservative and resistant to change.
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What large trade organization covers licensed professionals, salons, and manufacturers and produces various large events, offers scholarships,
provides information, and offers free basic memberships?
A. American Association of Cosmetology
B.Professional Beauty Association
C.Skills USA
D.Federal Board of Cosmetology Professionals
The American Association of Cosmetology offers free basic memberships, covers licenced professionals, salons, and manufacturers, and organises a number of significant events.(option a)
What level of cosmetology education is highest?An associate degree, typically offered by private cosmetic school and community or technical institutions, is the highest hairdressing degree that is currently accessible. The ability to pursue a bachelor's degree inside a related profession, such as commerce or hospitality management, exists for people who already hold an associate in cosmetology. The applicant must hold a 10+2 diploma from an accredited institution. After completing high school and graduating, non-medical cosmetologists can enrol in a cosmetology diploma or certificate programme. It also offers scholarships, information, and provides informational materials.
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Question 7 of 10
Which of the following tells you what your gross and net income was for a
particular pay period?
A. W-4 form
B. Pay check
C. Tax return
D. Pay stub
Answer:
d. pay stub
Explanation:
Pay stub tells you what your gross and net income was for a particular pay period. The appropriate response is option D.
What is Pay stub?An employer's pay stub is a record that lists an employee's gross pay, deductions from that pay, and net compensation. Paychecks are produced together with pay stubs.
Employees get a pay stub along with their paycheck that contains information about their gross pay, deductions made from it, and final net pay. Pay stubs should include information on tax deductions, health insurance premiums, and retirement contributions.
Your company will provide you with a non-binding pay stub that details your gross pay, benefits received, and net pay. Lenders, prospective employers, and other organizations utilize it to comprehend your earnings.
The appropriate response is option D.
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