Economy, society would sacrifice 600 automobiles in order to make 900 couches, or (600 cars)/(900 sofas)=2/3 of a car for each sofa.
What exactly is the economy?
An economy is a geographical area in which goods and services are created, distributed, traded, and consumed. It is widely recognised as a social domain that focuses on the behaviours, discourses, and tangible manifestations associated with the generation, utilisation, and management of finite resources. A community's economy is a collection of interconnected production and consumption processes that ultimately determine how resources are divided. The demands of the people who live and work there are addressed by the overall production and consumption of goods and services. Economic issues have an impact on our daily life. This includes issues such as taxation and inflation, wealth and interest rates, inequality and growing markets, and energy and the environment.
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c. "Higher level professions require indepth knowledge, good skill, and In
special training." Explain this statement with examples.
Answer:
Motivation and enthusiasm. Your next employer is investing in you, so they need to see that you are enthusiastic about working and motivated in your career.
Explanation:
what action would you take? please explain your rationale.if a decision is made to terminate garza, does she have legal recourse (i.e. a basis to fight the termination)? please explain your answer and include the probability of success if a case is filed.what human resource (hr) practices should be changed? why?
If a decision is made to terminate Garza, she may have legal recourse depending on the circumstances surrounding the termination. To determine if she has a basis to fight the termination, several factors need to be considered.
Review the employment contract or agreement: The first step is to carefully examine the terms of Garza's employment contract or agreement, if any. This will help determine if there are any clauses or provisions that outline the conditions for termination and the rights of the employee.
Overall, HR practices should be designed to foster a positive work environment, promote fairness, and comply with legal requirements. Regular evaluation and improvement of these practices are essential for maintaining a healthy and productive workplace.
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The economy of the United States is BEST described as
A. noncompetitive
B. socialistic
C. government-owned
D. market-based
E. not-for-profit
Answer:
i believe the answer is b
Explanation:
because the us economy is best described as mixed ( capitalism & socialism) so i think its b
Vermilion Inc., a manufacturer of high-technology medical devices, has its product development centers located in the United States and South Korea. The manufacturing units are located in China and the Philippines to benefit from low-labor costs and access to original equipment manufacturers. This allows the company to competitively price its devices. Also, the various phone models sold by the company are uniform in all the foreign markets it operates in. In this scenario, which of the following strategies does Vermilion most likely pursue?
A) international strategy
B) multidomestic strategy
C) global-standardization strategy
D) transnational strategy
Answer: Global-standardization strategy
Explanation:
Global-standardization strategy could be defined as using a model to market a product globally. It's the scenario where an organization uses the same marketing strategy of a product across various countries. The advantage of this is that it results in global brand coverage and makes reduction for cost.
Vermilion Inc. has her product produced in various countries but uses the same marketing model or strategy to sell globally, this method is known as Global-standardization strategy
thinking about organizations like ceres, the success of u.s. manufacturers in reducing costs by practicing no regrets and industrial ecology principles, if cheap manufacturing hubs like china and bangladesh improve environmental regulation, the price of imported manufactured goods at stores like walmart will most likely::
If cheap manufacturing hubs like China and Bangladesh improve environmental regulation, the price of imported manufactured goods at stores like Walmart will most likely increase.
Cheap manufacturing hubs like China and Bangladesh are known for their low production costs, which allow them to produce goods at a lower price compared to other countries.These countries often have less strict environmental regulations, which can result in lower production costs but also have negative impacts on the environment.Organizations like Ceres advocate for sustainable business practices, including the adoption of no regrets and industrial ecology principles. These principles aim to reduce waste, minimize resource use, and promote environmental responsibility.The success of U.S. manufacturers in reducing costs through these principles indicates that sustainable practices can be beneficial for both the environment and businesses.
If cheap manufacturing hubs like China and Bangladesh improve their environmental regulations, manufacturers in these countries may need to invest in more sustainable practices, which could increase their production costs. Increased production costs would likely be passed on to consumers in the form of higher prices for imported manufactured goods.Stores like Walmart, which import a significant amount of goods from these manufacturing hubs, would therefore most likely experience an increase in the prices of these goods. In summary, if cheap manufacturing hubs like China and Bangladesh improve their environmental regulation, the price of imported manufactured goods at stores like Walmart will most likely increase due to the need for manufacturers to invest in sustainable practices and the subsequent increase in production costs.
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What are two things that a command economy fails to provide?
Competition and consumer sovereignty are two things that a command economy fails to provide.
Why do command economies fail?Production in command economies is notoriously inefficient as the government feels no pressure from competitors or price-conscious consumers to cut costs or streamline operations. They also may be slower to respond—or are even completely non-responsive—to consumer needs or changing tastes.
A pure command economy is completely run by the government. Problems include low consumer priority, shortage of freedom of choice, inefficient central planning, wasted resources and environmental damage. The government decides it must produce more guns, tanks, and missiles and train its military.
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Mr. Gupta is also considering giving his employees a raise that would increase total salaries by $35,000.00 per year. What effect would this raise have on Mr. Gupta’s income tax?
a car owner pays an annual premium of $780 for automobile insurance, including liability coverage of up to $100,000. the car owner pays this for nine years without needing to file a single claim. then the car owner causes an accident for which the other driver is claiming $32,000 in damages. how much more expensive were the costs of the accident than what the car owner paid in premiums? $24,980 $100,000 $7,020 $39,020
The costs of the accident were $32,000, which is the amount claimed by the other driver.
The car owner paid a total of $7,020 in premiums over nine years ($780 per year x 9 years). Since the car owner did not need to file a claim during that time, the insurance company made a profit from the premiums paid.
However, when the accident occurred, the liability coverage of $100,000 was used to pay for the damages claimed by the other driver. This means that the insurance company paid out $32,000 in damages, which is more expensive than the premiums paid by the car owner.
To calculate how much more expensive the costs of the accident were, we can subtract the total premiums paid from the amount of damages claimed:
$32,000 - $7,020 = $24,980
Therefore, the answer is $24,980, which means that the costs of the accident were almost three times the amount of premiums paid by the car owner over nine years.
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two document uesd in home trade
Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
A large scale study conducted over a one year period has shown that break-ins at home occur about 6% of the time in the population. the study also shows home security alarms went off 4% of the time when no one was breaking into the home. the security alarm failed to go off 3% of the time when someone was really breaking into the home. what is the probability that a home has been broken into and the alarm did not go off?
Answer:
0.0018
Explanation:
The computation of the probability in the case when the home is broken and the alarm did not go off is shown below:
= P(Broken into) × P(Alarm did not go off)
= 0.06 × 0.03
= 0.0018
By multiplying the broker into with the alarm did not go off so that the probability could come and the same is to be considered
lyn is injured when she is struck by debris floating on her property flooded by a breach of mining company's reservoir. the rule that a person who engages in certain activities may be liable under the doctrine of strict liability for any harm that results was established in
That a person who engages in certain activities may be liable under the doctrine of strict liability for any harm that results was established in the case of is Rylands v. Fletcher.
The rule that a person who engages in certain activities may be liable under the doctrine of strict liability for any harm that results was established in the case of Rylands v. Fletcher. This landmark case established that when a person brings onto their land something that is “likely to do mischief if it escapes”, they are strictly liable for any damages caused. In other words, if a mining company breaches a reservoir and causes flooding that results in injury to a person, the mining company may be liable under the doctrine of strict liability.
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G next year, exxon mobil will pay a dividend of $3. 13 per share. Historically, exxon mobil's dividends have grown 4% per year. If the expected return for exxon mobil is 7%, what is a fair value for a share of exxon mobil?
To determine the fair value of a share of Exxon Mobil, we can use the dividend discount model (DDM) which considers the expected dividends and the expected return.
The formula for the fair value of a share using the DDM is:
Fair Value = Dividend / (Expected Return - Dividend Growth Rate)
Given:
Dividend (D₀) = $3.13 per share
Dividend Growth Rate (g) = 4% = 0.04
Expected Return (r) = 7% = 0.07
Substituting the values into the formula:
Fair Value = $3.13 / (0.07 - 0.04)
Fair Value = $3.13 / 0.03
Fair Value = $104.33
Therefore, based on the given information and using the dividend discount model, the fair value for a share of Exxon Mobil is approximately $104.33. This suggests that a fair price for the share should be around $104.33 to align with the expected return and dividend growth rate.
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For individuals, the economic term specialization refers to:
A. becoming a self-sufficient business owner.
B. gaining experience in many different jobs.
C. traveling to different countries for work.
D. mastering a small number of job skills.
Answer:
D. mastering a small number of job skills.
Explanation:
Specialization is a production technique whereby an individual or company focuses on producing a limited variety of products. The objective is to acquire a high degree of mastery and efficiency in making the few chosen items.
An individual who opts to specialize will concentrate on a few skills. In time, they will become experts in those skills.
A computer chip sold to Dell is an example of:
A. a final good.
B. an intermediate good.
C. a service.
D. an inferior good.
An illustration of an intermediate good is a computer chip that was sold to Dell.
What does the word "intermediary goods" mean?Those products that businesses utilize to produce goods or services were referred to as intermediate goods. As producer products, these items are also known. Thus, the production of final or consumer goods requires the utilization of intermediate goods.
What are intermediate products as opposed to final goods?Final goods are products that don't require any more processing. Consumer goods are another name for these goods, which are produced with the aim of being directly consumed by the end user. Intermediary goods are any products that companies use to create completed goods or services.
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the market price of a stock is $54.50 and it just paid $5.28 dividend. the dividend is expected to grow at 3.82% forever. what is the required rate of return for the stock? g
The required rate of return for the stock is 3.92%.
Market Price = $54.50.
Dividend per share = $5.28.
Dividend growth rate = 3.82%.
We are to determine the required rate of return for the stock.
Here is how to solve the problem: Using the constant growth rate model for stock valuation, we can obtain the required rate of return as follows: P₀ = D₁ / (r - g), where:
P₀ is the current market price of the stock,
D₁ is the next year's expected dividend per share,
r is the required rate of return, and
g is the dividend growth rate.
Using the values given, we can find the required rate of return (r) as follows:
P₀ = $54.50
D₁ = $5.28 × (1 + 3.82%) = $5.48
r = ?
g = 3.82%
Substituting the values in the equation above, we get:
54.50 = 5.48 / (r - 3.82)
Multiplying through by (r - 3.82), we get:
54.50 × (r - 3.82) = 5.48
Dividing both sides by 54.50, we get:
r - 3.82 = 5.48 / 54.50
Simplifying the right-hand side, we have:
r - 3.82 = 0.10036764
Adding 3.82 to both sides, we get:
r = 3.92036764
Therefore, the required rate of return for the stock is 3.92% (rounded to two decimal places).
Answer: The required rate of return for the stock is 3.92%.
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I have 1 F and 2 D's in my business class, Language arts, and science, because I have to study for another school which takes up a lot of my homework time. (Online School) Please help (┬┬﹏┬┬)
Answer:
I'm not sure how to help other than to tell you that you've got this! I am an AP and a dual-enrollment student, so I completely understand.
Banks fail when they invest in long-term assets that subsequently fall in price.what are the two views on why asset prices fluctuate so much that they lead to financial crises and bank failures?
The two views on why asset prices fluctuate so much that they lead to financial crises and bank failures are One view holds that asset prices are rationally based on fluctuating fundamentals, while the other asserts that psychological factors and biases play a significant role.
Belongings are labeled as either real, economic, or intangible. All belongings can be stated to be of financial cost to an employer or an individual. If it has a fee that can be exchanged for cash, the item is taken into consideration as an asset. Intangible assets are precious property that isn't physical in nature.
Something or a person that is an asset is taken into consideration as beneficial or helps someone or a company to be successful. Our creativity inside the field of the era is our finest asset. plural noun. The property of a company or a person is all the things that they very own.
In spite of all that thoughts, a car is an asset due to the fact you could quickly market it and convert it to coins, albeit for much less than what you paid. That on my own makes it an asset through definition. it is the delivered costs and the steady decline in fees that make a vehicle a depreciating asset.
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You are reviewing your checking account balance of $800 after you've just sent in your rent check of $500. How much money is available for you to spend?
You are reviewing your checking account balance of $800 after you've just sent in your rent check of $500. The money that is available for you is $1300.
What we can do if we don't have sufficent balance?
If you had a check that you don't have sufficient funds for that has been run through the bank the bank will usually charge you an overdraft fee.
This means that you have arranged an overdraft loan/agreement with the bank. The bank will go ahead and pay the fund to the person or company you wrote the check to.
You will have a certain amount of time to put the money back into your account and pay the overdraft fee.
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(2, LO1) In a job-order costing system, which costs are accumulated in the work in process account for each job? Select one: O a. Direct materials, direct labor, actual manufacturing overhead O b. Direct labor, actual manufacturing overhead, indirect materials O c. Applied manufacturing overhead, direct labor, direct materials O d. Indirect materials, indirect labor, applied manufacturing overhead o e none of these is correct.
In a job-order costing system, the costs that are accumulated in the work in process account for each job are Direct materials, direct labor, and applied manufacturing overhead. Therefore, the correct answer is C.
Explanation: A job order costing system is one that is used to compute the costs of one or a few identical products based on the job or the batch of products. The company can then charge the client the cost plus a profit margin. In this system, direct materials, direct labor, and applied manufacturing overhead are the costs that are accumulated in the work in process account for each job.
Indirect labor and indirect materials are accumulated in manufacturing overhead. The total cost of direct materials, direct labor, and applied manufacturing overhead is added to the Work in Process account, which is the amount that is accumulated over time. This account includes all the direct costs of producing a product, such as labor, materials, and other related costs.
Therefore, option C, which includes direct materials, direct labor, and applied manufacturing overhead, is the correct answer.
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Martin was given the task of conducting a research project for his firm and proceeds with the following steps: He asks questions to determine the research topic, conducts a telephone survey, writes a report describing the survey results, and gives that report to his boss. Which step of the marketing research process has Martin omitted
When conducting a research project for his company, Martin omitted the interpretation step of the marketing research when delivering the report describing the research results to his boss.
A marketing research is carried out according to the following steps:
Systematic designCollectInterpretationInformation reportTherefore, by omitting the interpretation of the survey, Martin did not give his boss his inference about the results found about the facts collected in the survey.
Omitting the interpretation of the survey is a disadvantage that does not help the boss to form his opinion about the research and solution of the company's marketing problems.
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Everywhere Sports is a retail store supplying sporting equipment to community sports clubs. Information about the store’s operations is as follows:
■ October sales amounted to $400 000.
■ Sales are budgeted at $440 000 for November and $400 000 for December.
■ Receipts are expected to be 60 per cent in the month of sale and 38 per cent in the month following the sale. Two per cent of sales receipts are expected to be uncollectable.
■ Cost of sale is 60% of the sale price. All goods are purchased in the month of sale while payment is made in the month following the purchase.
■ Other monthly expenses paid in cash amount to $45 200.
■ Annual depreciation expense is $32 000.
By understanding these aspects of Everywhere Sports' operations, the company can assess its sales, cash flow, and profitability. These details are important for financial planning, budgeting, and decision-making processes to ensure the store's financial stability and success.
Based on the given information about Everywhere Sports' operations, we can explain the following:
Sales and Receipts:
In October, the sales amounted to $400,000.
For November, the budgeted sales are $440,000, and for December, the budgeted sales are $400,000.
Receipts are expected to be 60% in the month of sale, which means that 60% of the sales revenue is expected to be received in the same month the sales occur.
Additionally, 38% of the sales revenue is expected to be received in the month following the sale.
It is also mentioned that 2% of the sales receipts are expected to be uncollectible.
Cost of Sale:
The cost of sale is stated to be 60% of the sale price. This means that 60% of the sales revenue is attributed to the cost of acquiring the goods sold.
According to the information provided, all goods are purchased in the month of sale while payment is made in the month following the purchase.
Other Monthly Expenses:
There are other monthly expenses paid in cash, which amount to $45,200. These expenses are likely to include various operating costs such as rent, utilities, salaries, and other expenses necessary for the store's operations.
Annual Depreciation Expense:
Everywhere Sports incurs an annual depreciation expense of $32,000. Depreciation represents the allocation of the cost of the store's long-term assets over their useful lives. This expense reflects the wear and tear or obsolescence of the store's assets, such as equipment, fixtures, or buildings, over time.
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mention the interest rate in home loans
The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned. The interest rate on a loan is typically noted on an annual basis known as the annual percentage rate (APR).
What is the the effect on the foreign price with a combined domestic production subsidy and consumption tax applied by a small country on the same good at the same level?
Answer:
The effect these factor will have on Import is that it will lower Imports and decrease in imports = Increase in foreign prices
Explanation:
The effect on the foreign price when there is a combined domestic production subsidy and consumption tax applied on a good at the same level
i) when consumption tax is applied : The consumer price will increase by the amount of the tax and the demand for the good will decrease while the producer price will remain the same
ii) when production subsidy is applied : producer price will increase while the consumer price will remain unchanged
when they are both set at the same level ( i.e. consumption tax and production subsidy ) The producer price = consumer price
The effect these factors will have on Import is that it will lower Imports and decrease in imports = Increase in foreign prices
the amount of money you earn has nothing to do with your life style budget T F
Answer: True, unless you're on your own it kinda does, considering bills, financial stuff, etc.
specialization the division of labor enhances productivity and efficiency by
Answer:
allowing workers to take advantage of existing differences in their abilities and skills.
Explanation:
Select all the correct answer.
What type of factor of production is a bulldozer?
Oland
O labor
O capital
O entrepreneur
Answer:
capital
Explanation:
bulldozer is bought with capital.
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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PLEASE ANSWER
How do economists refer to deficits?
A) global value chain
B) negative balance of trade
C) positive balance of trade
D) comparative advantage
Global value chain
Explanation:
If a country's population (age 16 and over) is 50 million, with 2 million unemployed and 23 million currently holding jobs, the
a. unemployment rate is 5 percent, and the labor force participation rate is 46 percent.
b. unemployment rate is 8 percent, and the labor force participation rate is 46 percent.
c. unemployment rate is 8 percent, and the labor force participation rate is 50 percent.
d. unemployment rate is 4 percent, and the labor force participation rate 96 percent