In a perfectly competitive market, the process of entry and exit will end when, for firms in the market,
A. marginal revenue is equal to average variable cost.
B. All of the answers are correct.
C. economic profits are zero.
D. price is equal to average variable cost.

some behaviors from an successful entrepreneur are being open to try new things without question and openly sharing their own opinions

Answer:

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Explanation:

Answer:

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Explanation:

Answer:

Referrals fall under the category of internal sources of recruitment

Explanation:

Referrals is the process by which a company finds prospective employees by asking existing employees to recommend people from their network

It is an internal source of recruitment

Advantages

Answer: Trying to improve the product’s performance

Explanation:

Answer:

Trying to improve the product's performance.

Explanation:

100%

New York State has a relatively high credit score or on time payment compared to the national average.

Paying suppliers on the contractually stipulated due date, also referred to as the invoice maturity date, is what is meant by "on-time payment,". It also hast d with credit scores. Although the idea of on-time payment is fairly straightforward, it has been found to be one of the trickiest aspects of corporate payments.

It's important to keep in mind that credit scores can vary greatly depending on the individual, and a state's average credit score is just one factor that contributes to its overall financial health.

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In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?"

In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?" By approaching the new hire and offering assistance, the associate demonstrates teamwork and a willingness to support colleagues. This approach allows the new hire to handle the customer interaction directly, gain experience, and build confidence. However, the associate's presence and offer to help signal that they are available to step in if needed. Interrupting the interaction completely, as in option A, may undermine the new hire's ability to learn and handle customer inquiries independently. It is essential to strike a balance between providing support and allowing the new hire to develop their skills. Option C, alerting the manager, should be reserved for situations where the new hire is struggling consistently or if the customer's concerns are not being addressed. It is generally more effective to offer immediate assistance before involving higher-level management. Option D, watching without interrupting and advising the new hire afterward, misses the opportunity to salvage the customer's experience in real-time. Addressing the customer's concerns promptly and preventing them from leaving is crucial for maintaining customer satisfaction and loyalty. In summary, approaching the new hire and offering assistance while the customer is still present (option B) strikes a balance between supporting the new hire and ensuring a positive customer experience.

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As we go from home operation to international operations, we can potentially receive a rise in our costs, but we can also see our profits increase. This is about business expansion.

When a company reaches a certain point in its growth and starts looking for new ways to increase profits, that stage is known as business expansion.

Managing business growth or development is a challenge that successful firms and startups alike eventually encounter.

It is to be noted that while business expansion comes with possible potential increases in profit and net worth, incurring additional costs is a certainty.

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The marginal product of each worker for Magnificent Blooms is as follows: Worker 0: N/A: Worker 1: 5: Worker 2: 4: Worker 3: 3: Worker 4: 2: Worker 5: 1

To calculate the marginal product of each worker for Magnificent Blooms, we need to determine the change in the quantity of floral arrangements resulting from each additional worker.

Here's how to calculate the marginal product for each worker:

Worker 0: Since there are no workers (0 workers), the quantity of floral arrangements is 0. Therefore, the marginal product for worker 0 cannot be calculated.

Worker 1: The quantity of floral arrangements with 1 worker is 5. To calculate the marginal product for worker 1, we subtract the quantity of floral arrangements with 0 workers from the quantity with 1 worker: 5 - 0 = 5.

Worker 2: The quantity of floral arrangements with 2 workers is 9. To calculate the marginal product for worker 2, we subtract the quantity of floral arrangements with 1 worker from the quantity with 2 workers: 9 - 5 = 4.

Worker 3: The quantity of floral arrangements with 3 workers is 12. To calculate the marginal product for worker 3, we subtract the quantity of floral arrangements with 2 workers from the quantity with 3 workers: 12 - 9 = 3.

Worker 4: The quantity of floral arrangements with 4 workers is 14. To calculate the marginal product for worker 4, we subtract the quantity of floral arrangements with 3 workers from the quantity with 4 workers: 14 - 12 = 2.

Worker 5: The quantity of floral arrangements with 5 workers is 15. To calculate the marginal product for worker 5, we subtract the quantity of floral arrangements with 4 workers from the quantity with 5 workers: 15 - 14 = 1.

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The above paragraph is related to the sole proprietorship form of business organization. A sole proprietorship is a form of business organization owned and run by a single person who is the owner or the proprietor. The owner manages the business on his own and is solely responsible for the business's profits and losses.

A sole proprietorship is usually preferred by small businesses and individuals due to its ease of formation and low startup costs.

As in the given scenario, Mr. Bhushan Nagpal started the business with a limited capital investment. In a sole proprietorship, the owner has the right to make all the decisions relating to the business without any interference from other individuals.In the given paragraph, Nupur Nagpal, after completing her MBA studies, began to help her father in his business.

She wanted to use modern business techniques in every area of business to make the business grow and prosper.

However, the workers protested against her intervention, and the business started to decline.

The goodwill of the business in the market started to decline, and the liabilities of the business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties.

Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. Thus, it can be concluded that the given scenario is related to the sole proprietorship form of business organization.

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The total return on this mutual fund investment is $12,427.

Total return on investment refers to the total profit or loss on an investment, including any capital appreciation and dividends or distributions received.

Here's how to calculate the total return on a mutual fund investment:

Step 1: Calculate the total initial investment by multiplying the number of shares by the purchase price per share. For this investment, the total initial investment is: 340 shares x $36/share = $12,240.

Step 2: Add any capital gain distributions received during the investment period. In this case, the capital gain distribution per share is $0.55, so the total capital gain distribution received is: 340 shares x $0.55/share = $187.

Step 3: Calculate the current market value of the investment by multiplying the number of shares by the current market price per share.

In this case, the current market value is: 340 shares x $40/share = $13,600.

Step 4: Add any dividends or interest payments received during the investment period, if applicable.

If no dividends or interest payments were received, skip this step.

Step 5: Calculate the total return by adding the initial investment, capital gain distributions, and dividends or interest payments (if applicable), and then subtracting any fees or commissions paid during the investment period.

In this case, the total return is: $12,240 + $187 = $12,427.

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The decision support system improved the efficiency of the railroads, paying special attention to the punctuality and speed of transportation on both passenger and commercial routes.  The Indian Railways encounter a number of difficulties, including the failure to ensure train punctuality.

Ticketless transit by passengers, damage to or theft of railroad property, and others. The railways suffer a considerable loss in income as a result.  By December 2023, 100% electrification of the broad gauge is the goal. In 2020–21, the speed of freight trains doubled to 46 kmph from 23 kmph in previous years. In January 2019, all unmanned level crossings on the broad gauge were removed.

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The most effective strategy to use your website to enhance the visitor experience is to provide opportunities for user-generated material to gather. As a result, choice (C) is appropriate.

The interactions you have with your visitors from the time they arrive until they check out are referred to as the guest experience. This phrase is frequently used in the hospitality sector to describe how well your customers are treated.

A positive guest experience is at the very heart of hospitality. Additionally, it should be a key component of your hotel's operations since, if done well, it will encourage clients to leave favorable internet reviews and even become devoted regulars.

Hence, option (C) is accurate.

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A manager is actively involved in the decisions of a business if he acts directly in the operation of the business and does not delegate tasks to others.

This refers to the person that is in charge of coordinating the activities of a group of individuals.

Hence, we can see that A manager is actively involved in the decisions of a business if he acts directly in the operation of the business and does not delegate tasks to others.

He makes direct decisions for his business.

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Answer:

C. a new pair of jeans

Explanation:

Answer:

c

Explanation:

In an attempt to protect domestic workers and firms from competition from global businesses, trade restrictions are frequently put in place.

Trade restrictions are often implemented in an effort to shield domestic businesses and workers from competition from foreign businesses.

Restricting the importation of products and services made in other nations is known as a protectionist policy.

To protect domestic markets from international competition, many nations impose import restrictions. Protectionism is the term for such actions.

Countries primarily do this to appease domestic political pressures. Trade barriers come in a variety of forms.

Tariffs, quotas, sanctions, and embargoes are frequently used by nations to impede commerce. Trade restrictions can safeguard domestic industries, preserve jobs, provide income for a government, and aid a nation in achieving its political or social objectives.

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The time series plot of the provided data displays the quantity of lightning strikes in a specific county over a period of seven months. Because its MSE is lower than the MSE using the most recent value, the average of all prior values offers a superior forecast.

It appears to follow a seasonal trend based on the pattern seen in the data. This is evident from the values' variation over time, which exhibits a cycle or recurring pattern.

We must series plot the MSE values to see whether strategy produces the best forecast. The MSE value of the most recent value approach is lower (42.15) than that of the average technique (84.44), indicating a more accurate forecast. Therefore, a better forecast is given by the most recent value.

As a result, the significance of the time series data show the number of lightning strikes in a particular county for the most recent seven months are the aforementioned.

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Answer:

SNPs have special programs for enrollees with chronic conditions, like Mr. Sinclair, and they provide prescription drug coverage that could be very helpful as well.

Explanation:

Chronic conditions and the fact that the customer has more than 1 chronic condition may qualify the beneficiary for a Special Needs Plan which may provide better health coverage for these medical conditions. (There are populations of beneficiaries who would benefit from these plans.).

SNPs have special programs for enrollees with chronic conditions, like Mr. Sinclair, and they provide prescription drug coverage that could be very helpful as well.

A Special Needs Plan, which may offer superior health coverage for various medical issues, may be available to beneficiaries with chronic diseases or multiple chronic ailments. These strategies might be advantageous to certain beneficiary demographics.

Individuals with chronic or debilitating diseases can enroll in Medicare Special Needs Plans (SNPs), a kind of Medicare Advantage Plan. These programs mandate that Medicare SNP-eligible individuals get treatment and services from medical professionals in such networks. SNP networks come in a variety of sizes and target demographics.

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Explanation:

I don't have direct knowledge of the organization you are currently working in. However, I can provide a general example to help illustrate the systems characteristics of an organization. Let's consider a fictional manufacturing company called "ABC Manufacturing."

Objective:

The objective of ABC Manufacturing is to efficiently produce and deliver high-quality products to its customers while maximizing profitability. The organization aims to maintain a competitive edge in the market by consistently meeting customer demands and optimizing its operations.

Components:

1. Human Resources: The employees of ABC Manufacturing form a crucial component. They include production workers, managers, engineers, and support staff. Each employee contributes their skills and expertise to ensure smooth operations. For example, production workers assemble products, engineers design new prototypes, and managers oversee the overall functioning of the organization.

2. Production Facilities: The physical infrastructure, including factories, warehouses, and equipment, is another vital component. These facilities house the production lines, machinery, and storage areas necessary for manufacturing products. The efficient functioning of the production facilities is essential to meet production targets and ensure the timely delivery of goods.

3. Supply Chain and Logistics: The supply chain component involves managing the flow of materials, resources, and finished products. This includes sourcing raw materials, coordinating with suppliers, inventory management, and distribution logistics. Effective supply chain management ensures that the right materials are available at the right time, minimizing delays and reducing costs.

Interrelationships among Components:

The components of ABC Manufacturing are interrelated and interconnected, forming a system that works together to achieve the organization's objectives. Here are a few examples of interrelationships among these components:

1. Human Resources and Production Facilities: The production facilities rely on the skills and efforts of the employees. Human resources ensure that the right talent is hired, trained, and deployed in the production process. They also provide support and maintenance services to ensure the smooth functioning of the production facilities.

2. Production Facilities and Supply Chain: The production facilities rely on the timely availability of raw materials from the supply chain. Efficient coordination between production and supply chain teams is necessary to maintain optimal inventory levels and avoid production delays.

3. Supply Chain and Human Resources: The supply chain team collaborates with human resources to forecast demand, plan workforce requirements, and align production schedules accordingly. Effective communication and coordination between these components ensure that the production process meets customer demand and avoids excessive inventory or stockouts.

By viewing ABC Manufacturing through a systems perspective, we recognize that the organization is a complex interplay of various components working together to achieve a common objective. Understanding the interrelationships and dependencies among these components helps in identifying areas for improvement and optimizing the overall performance of the organization.

Answer:Dashen Bank s.c is a company where I am working in it. The company’s objective is to maximize its profit and become from the lists in best class banks in Africa. To achieve this objective it has its own system which contains the following components

• A banking software called FLEXCUBE which is the core software which accomplishes the majority of the banking day to day activities e.g. cash withdrawal, cash deposit, account opening general leger account postings etc.

• CATPS(card application tracking and processing system) is a component of a system which is used to capture ATM card applications  and authorize the processed/ captured applications in order to produce the cards

• Amole admin/internet banking application is used to create an access to the customers such that user name and passwords and and link bank accounts so customers can transfer money, make payments at home.

The above listed components have interrelation each other. E.g. in order to produce cards using CATPS, the customer must have a bank account with precise customer data such that signature, photo etc. so these stated things  i.e. account opening, signature and photo uploading activities are processed by FLEXCUBE software. In the same manner, in order to get an access to the bank account using amole/ internet banking, the customer must have properly opened bank account with customer signature and photo which is also processed by using FLEXCUBE software.

The price of the investors can expect the stock to be sold at the end of the year is $109.

The price of the investors can expect the stock to be sold at the end of the year can be determined using this formula:

Stock price = d1 / (r - g)

d1 = next dividend to be paid = $9

r = cost of equity

g = dividend growth rate

The cost of equity would be determined using the capital asset pricing model:

Risk free rate + beta(market rate of return - risk free rate)

8% + 1(18% - 8%) = 18%

The dividend growth rate can be determined using this equation:

100 = $9 /  ( 18% - g)

g = 9%

Stock price = $9(1 + 0.9)  / (0.18 - 0.09)  

9.81 / 0.09 = $109

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Answer:

It adds an additional expense which means a percentage of profits are depleted. However, it contributes to the wellbeing of the employees showing that they are cherished and have the opportunity to earn benefits which can play a role in motivating them. Due to this it is more likely the workforce would be more comfortable working for the organisation thus leading to a higher chance at success.

The Pulp Division's lowest acceptable transfer price is the variable cost per ton plus any opportunity cost of selling to the outside market, which is $74.

The Carton Division's highest acceptable transfer price is the cost of purchasing from the outside supplier, which is $95 per ton. The range of acceptable transfer prices is between $74 and $95 per ton.

The managers of the Carton and Pulp Divisions may not be able to voluntarily agree on a transfer price since the range of acceptable transfer prices may not overlap.

If the Pulp Division meets the price that the Carton Division is currently paying to its supplier, the profits of the Pulp Division will increase by $7 per ton since the transfer price is $95 per ton and the variable cost per ton is $74.

The profits of the Carton Division will decrease by $7 per ton since the transfer price is now $95 per ton instead of $95 per ton.

The profits of the company as a whole will remain the same since the $7 increase in profit for the Pulp Division is offset by the $7 decrease in profit for the Carton Division.

The Pulp Division's lowest acceptable transfer price is the variable cost per ton plus any opportunity cost of selling to the outside market, which is $74.

The Carton Division's highest acceptable transfer price is the cost of purchasing from the outside supplier plus any additional cost of switching suppliers, which is $95 + $2 = $97 per ton.

The range of acceptable transfer prices is between $74 and $97 per ton.

The managers of the Carton and Pulp Divisions may be able to voluntarily agree on a transfer price since the range of acceptable transfer prices overlaps.

4-a.

If the Carton Division’s outside supplier drops its price to only $91 per ton, the Pulp Division should not meet this price since it is below the Pulp Division's variable cost of $74 per ton.

4-b.

If the Pulp Division does not meet the $91 price, the Carton Division may switch to the outside supplier and the profits of the Pulp Division will decrease by $28 per ton since it is now selling 6,600 fewer tons of pulp. The profits of the Carton Division will increase by $4 per ton since the cost of pulp is now $91 per ton instead of $95 per ton. The profits of the company as a whole will decrease by $16,560.

If the Pulp Division refuses to meet the $91 price, the Carton Division should not be required to purchase from the Pulp Division at a higher price for the good of the company as a whole since this would result in lower profits for the company as a whole.

If the Carton Division is required to purchase 6,600 tons of pulp each year from the Pulp Division at $102 per ton, the profits of the Pulp Division will increase by $280,000 since it is now selling 6,600 more tons of pulp. The profits of the Carton Division will decrease by $66,000 since the cost of pulp is now $102 per ton instead of $95 per ton. The profits of the company as a whole will increase by $214,000.

If the Carton Division can purchase pulp from the outside supplier for only $91 per ton, it should not be required to purchase

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Returns to scale is a phrase that describes how proportionally changes in output change when all production input amounts are altered by the same factor.

The process of mixing several inputs, both material and immaterial, to produce output is known as production. In a perfect world, this output would be a product or service that is useful to people and has value.

Production theory is the branch of economics that concentrates on production; it is closely related to the consumption (or consumer) theory of economics.

Utilizing the initial inputs productively results in the production process and output directly. Land, labor, and capital are regarded as the three major production components and are referred to as primary producer commodities or services.

Both the output process and the final product do not considerably change these essential inputs or turn them into integral parts of the final product. Materials and energy are categorized as secondary elements in classical economics since they are byproducts of land, labor, and capital.

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Answer:Money plays a crucial role in the process of specialization and division of labor. As an economy grows, the division of labor becomes more complex, and people begin to specialize in specific skills and trades. Specialization and division of labor increase productivity and efficiency, which leads to economic growth. Money facilitates the exchange of goods and services between people who have specialized in different areas.When people specialize in specific skills or trades, they produce goods or services that are unique and valuable. Money allows them to exchange these goods and services with other people who have specialized in different areas. This exchange of goods and services is made possible by the use of money, which serves as a medium of exchange. Without money, people would have to rely on bartering, which would be difficult and inefficient.Moreover, money encourages further specialization and division of labor. When people are able to earn money by specializing in a particular skill or trade, they are more likely to continue doing so. This creates a positive feedback loop, leading to increased specialization, higher productivity, and economic growth.In summary, money plays a critical role in the process of specialization and division of labor by facilitating the exchange of goods and services between people who have specialized in different areas. Money encourages further specialization and division of labor, leading to higher productivity, efficiency, and economic growth.

Explanation:

Answer:

McCracken's Cash Budget for May:

Beginning Cash balance                                      

Cash Sales: 40% month of sale = $52,000

   58% following month of sale = $63,800         $115,800

Cash Purchases: month following purchase =   ($85,000)

Selling & Administrative Expenses                 =   ($42,000)

Bank Notes                                                       =   $27,000

Cash Balance                                                   =    $15,800

Explanation:

a) Cash Budget is an estimate of the cash receipts and cash payments during a period of time.

b) Depreciation of $8,000 is not a cash payment, so this amount is deducted from the Selling and Administrative Expenses.

c) The bank notes are in multiples of $1,000.  To maintain a cash balance of at least $15,000 for each month, McCracken needed to borrow $1,000 bank loan in 27 notes.

Answer:

a. Price Blodgett should charge $45 (see below)

b. Markup percentage of the full cost of room night:

Markup = $15

Full Cost =$30

Therefore, percentage of markup to full cost = 15/30 * 100 = 50%

Explanation:

a) Costs Calculations:

                          Unit cost          Total cost

Variable              $5                   $75,000 ($5 x 15,000)

Fixed Cost        $25                $375,000 ($375,000/15,000)

Full Cost          $30                $450,000 ($30 x 15,000, or $75,000 + $375,000)

Markup              $15                $225,000 ($900,000 x 25% returns)

Price to charge $45               $675,000

When the debit portion of an adjusting entry is used to increase the balance of an asset account, the credit portion of the entry will decrease the balance of another account, which will be either a liability account or an equity account.

What is the adjusting entry?Adjusting entries are journal entries that are made at the end of an accounting period to modify the accounts' balances. They are done to update and verify revenue and expense accounts' accuracy, as well as to adjust the balance sheet accounts for adjustments that have yet to be recorded.When should adjusting entries be made?Adjusting entries are typically made at the end of an accounting period. For example, adjusting entries may be needed if a company's insurance premiums have been paid in advance, or if a company has earned revenue but has not yet received payment.Adjusting entries are critical in determining the correct profit and loss as well as the balance sheet, which is why they must be accurate and complete.Adjusting entries are required for each financial statement's following types:Income Statement - revenue and expense accounts are adjusted.Balance Sheet - asset, liability, and equity accounts are adjusted.How are adjusting entries made?Adjusting entries are made with the following steps:Step 1: Determine the transaction or event that necessitates an adjustment. Step 2: Determine which accounts are affected by the transaction or event. Step 3: Decide whether each account is to be debited or credited. Step 4: Make the necessary adjusting journal entries.

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