Answer:
A. will make the company better off because it will produce a greater number of core competencies.
Explanation:
The better-off test means that a business must benefit from the proposed diversification. This benefit van be a one time benefit or a continuous benefit
Reasons for diversification that don't pass the better of test
Diversification to diversify shareholders investments Increasing the size of the company.onsumer Economics: Tutorial
Part E
At what wage rate will there be excess labor supplied in the market?
Excess labor supply in the market occurs when the wage rate is above the equilibrium level.
Consumer economics refers to the study of how individuals and households make decisions about what they consume, how they save and invest, and how they allocate their resources.The wage rate at which there will be an excess supply of labor in the market is known as the equilibrium wage rate. This means that the quantity of labor demanded equals the quantity of labor supplied.
At a wage rate above the equilibrium level, there is a surplus of labor available as the quantity supplied of labor is greater than the quantity demanded for labor. On the other hand, at a wage rate below the equilibrium level, there is a shortage of labor as the quantity demanded of labor is greater than the quantity supplied for labor. Thus, the equilibrium wage rate is essential to maintain stability in the labor market.The equilibrium wage rate is determined by the forces of demand and supply.
The demand for labor arises from the demand for goods and services that labor produces. The supply of labor arises from the willingness of people to work at a particular wage rate. The equilibrium wage rate is the wage rate where the quantity of labor demanded is equal to the quantity of labor supplied in the market.Therefore, excess labor supply in the market occurs when the wage rate is above the equilibrium level.
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Go Fly A Kite is considering making and selling custom kites in two sizes. The small kites would be priced at $12.70 and the large kites would be $25.70. The variable cost per unit is $6.15 and $13.30, respectively. Jill, the owner, feels that she can sell 3,700 of the small kites and 2,030 of the large kites each year. The fixed costs would be $2,120 a year and the depreciation expense is $2,000. The tax rate is 35 percent. What is the annual operating cash flow
Answer:
the annual operating cash flow is $31,437.
Explanation:
The Annual Operating Cash flow is calculated as follows :
Revenues :
Small kites (3,700 × $12.70) $46,990
Large kite (2,030 × $25.70) $52,171
Total Revenue $99,161
Less Variable Expenses :
Small kites (3,700 × $6.15) ($22,755)
Large kite (2,030 × $13.30) ($26,999) ($49,754)
Less Fixed Expenses ($2,120)
Less depreciation expense ($2,000)
Operating Income before tax $45,287
Less Income tax expense ($45,287 × 35%) ($15,850)
Operating Income After tax $29,437
Add Back Depreciation Expense $2,000
Operating Cash flow $31,437
On November 1, Jasper Company loaned another company $270,000 at a 8.0% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year is:
Answer:
The interest revenue that should be reported in the first year, for two months from November to December, on 31 December is $3600.
Explanation:
According to the accrual basis of accounting, the revenues and expenses for a particular period should be recorded in the period to which they relate to rather then when they are received or paid. This means that although the interest will be received on March 1 of the next year, the interest revenue on note receivable for a period of two months from November to December should be recorded in the first year because it has been earned in the first year and it relates to it.
Interest revenue - first year = 270000 * 0.08 * 2/12 = $3600
In which scenario is an individual's behavior least likely to change?
a. The city of Saskatoon chooses to give its residents a penny for each soda can they recycle in an effort to promote environmental awareness.
b. In an effort to make people eat healthier, the city of Bakersville tells its residents to eat wheat bread instead of white bread.
c. A basketball team manages to sign a trio of famous basketball stars who then clamor for other players to come join their team to win a guaranteed championship.
d. The country of Ravamolk enacts a policy to fine companies 20% of their earnings if the safety standards in their factories do not reach acceptable work conditions.
An individual's behavior is least likely to change when merely informed of a healthier option, like in Scenario B, as there is no incentive or consequential action attached.
Explanation:In the given scenarios, an individual's behavior is least likely to change in Scenario B where the city of Bakersville tells its residents to eat wheat bread instead of white bread. This scenario only involves information provision with no rewarding or punitive actions attached to induce behavior change, as compared to the rest of the scenarios. Behavioral change usually occurs when there are incentives or penalties associated with the action. For instance, in Scenarios A & D, Saskatoon and Ravamolk are using a reward technique and penalties respectively, as a trigger for behavioral change. Scenario C is using the appeal of fame and success to encourage change. But talking about bread choice without any consequential actions does not guarantee a behavior change.
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The capital expenditures budget should be integrated with all of the following except
Suppose currently, there is free trade with no government intervention. Suppose now the government in Econland wants to intervene in this market and bring widget prices back to the pre-trade free market price of F. What could they do achieve this?A. The government cannot do anything to bring widget prices back to FB. Set a quota on imports of LNC. Set a quota on imports of 0D. Tax imports by KRE. Tax imports by $0
Answer:
Tax imports by KRE
Explanation:
When there is complete, unregulated free trade in the economy, the price of widgets in any local economy is the same as the world price.
In this case, i the government in Econland wants to bring back the price of widgets, from world price, to previous domestic price, all it has to do is to impose a tax on imports equal to the value of the difference between the world price and the previous price. This tax on imports is known in economics as a tariff, and it is the most commonly tool of protectionist economic policy.
For example, suppose that the world price of widgets, under free trade is $2 each, and the previous price was $4, so in order to raise the price for world price to previous price, all the government has to do is to impose a tariff of $2, like this, widgets in the domestic market will be $4 again.
If there is free trade without the intervention of the government, the way that the government can intervene would be to Tax imports by KRE.
What is free trade?
This is the type of trade in an economy where the government of the country would not intervene in the market.
In this market system, the government would not use tariffs on the exports or try to discriminate against imports in the country.
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You just acquired 1,000 from the lottery.
You decide to invest in stocks with it (like a smart person should). You figure on buying apple stock which costs $100 a share. How many shares would you own of apple if you bought $1,000 worth of apple stock at $100 a share.
If you bought $1,000 worth of Apple stock at $100 per share, you would own 10 shares of Apple stock.
To determine the number of shares you would own of Apple stock if you bought $1,000 worth of stock at $100 per share, you need to divide the total investment amount by the price per share.
Number of shares = Total investment amount / Price per share
In this case, the total investment amount is $1,000 and the price per share is $100.
Number of shares = $1,000 / $100
= 10 shares
Therefore, if you bought $1,000 worth of Apple stock at $100 per share, you would own 10 shares of Apple stock.
It's important to note that stock prices fluctuate, so the actual number of shares you would own may vary depending on the current market price at the time of purchase. Additionally, transaction fees and other costs associated with buying stocks should also be taken into consideration.
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See if you can find all eight components and provide an example for each one.
Components come in two types, Class components, and Function components, in this tutorial we will concentrate on Function components.
What is a Component?An approach for condensing a large number of connected variables into fewer, more significant components is simple component analysis. It offers a more understandable result than the principal component analysis but is similar.
The parts that make up something is its constituents. One essential element of a nuclear bomb is enriched uranium. There are four basic parts to the management strategy. The parts which make up something are its constituent parts.
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I. A clinic encourages its customers to have their bond checked with the claim that one out
of four 60-year-old men need to be supplemented with glucosamine. If this is true, what is
the probability of the following events:
a. Two out of the next eight 60 year-old men need to be supplemented with glucosamine
b. Three out of the next 12 60 year-old men need to be supplemented with glucosamine
A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.
Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.
Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.
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LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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Which of the following statements about consumer sovereignty is true?
Consumers’ needs and wants dictate what goods and services producers provide.
Influence of consumers over government rules regulate the marketplace.
Conditions where buyers and sellers are willingly engaging in market transactions.
Consumers dictate the prices of goods and services.
The statement that is true of consumer sovereignty is A. Consumers’ needs and wants dictate what goods and services producers provide.
What dictates the products made ?Consumer sovereignty is the notion that the consumers are the predominant forces of the market economy and choose what products and services producers should provide in order to earn a profit.
In this way, if consumers cease buying something then the enterprises must conform their offers to fulfill the modified demand. This concept remains at the hub of economies based on the market and advances innovation and competition among firms.
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a corporation has taken out a loan to finance a new operation. What is the name of that type of financing called? A .Collateral financing B. debt financing C. bank financing D. retained earnings financing?
Since the corporation took out a loan, the name of that type of financing is called debt financing.
What are the two major funding options for corporations?The two primary funding options for corporations are debt financing and equity financing.
Debt financing entails taking a loan from a bank or selling fixed-income securities like bonds.
Equity financing is the practice of raising funds through the selling of shares.
As the corporation took out a loan, the name of that type of financing is called debt financing.
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6. Comparative advantage is when A. B. C. D.
A. one person can produce more of a good than another person.
B. one person can produce a good at a lower opportunity cost than another person.
C. Two parties can complete a task equally well.
D. one person can produce a good at a higher opportunity cost than another person.
B. one person can produce a good at a lower opportunity cost than another person.
Comparative advantage is a concept in economics that refers to the ability of a person, firm, or country to produce a good or service at a lower opportunity cost than another. Opportunity cost is the cost of forgoing an alternative opportunity in order to pursue a particular action. Hence, the correct option will be B: one person can produce a good at a lower opportunity cost than another person.
For example, let's say Person A can produce 10 units of product X or 5 units of product Y in one hour, while Person B can produce 8 units of product X or 4 units of product Y in one hour. Person A has an absolute advantage in producing both X and Y, as they can produce more of each product than Person B. However, Person B has a comparative advantage in producing product Y, as they can produce it at a lower opportunity cost than Person A, since they have to give up less of their production of product X to produce product Y.
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Scenario:
Tourism industry has been suffering during this pandemic. Tata Vacation Villa currently has
numerous vacancies. Few tenants moved out because of high rents Prospective tenants come to
see the units, they are very excited, however, they see many other vacancy signs available for
less money. As a result, Tata Vacation Villa are losing customers. You are working as a manager
of the company and your boss asked you to
a
Write a report proposing a solution to a problem that has been identified bymanagement of a
company or agency. Your report should be two pagesin length (Appendix is not included
within two pages in length). Organize your report clearly and logically. Give each section
anappropriate heading. You may use the following outline to plan your report, ormake your
own outline.
A. Problem
B. Recommendation
C. Rationale
D. Alterative Solutions
E Appendix (Data
You are advised to use the sample as a standard format
To write this report include main ideas for each section, connect them appropriately, and review the text after writing it.
Based on the prompt, the idea of this report is to describe the problem Tata Vacation currently has and the possible solutions for this problem. This means you need to include complete ideas in each of the sections proposed. Some of the ideas you can include are:
Problem: First state the problem "Tata Vacation Villa currently has numerous vacancies" and then mention the possible causes or factors.Recommendation: Propose one solution or recommendation, for example, increasing advertising or slightly reducing the prices.Rationale: Explain why solving this problem is important, for example, Tata Vacation Villa needs to reduce the prices to increase customers and avoid financial issues:Alternative Solutions: Include other possible solutions such as finding new customers, changing the focus of the villa, cutting expenses, etc.After this, you want to include all the ideas in each of the sections using appropriate linking words and other connecting expressions such as:
On the other handFirst of allFinally, review the text and make corrections to improve the report.
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Why do you think brand advocates willingly promote companies via social media
Answer:
They help create brand awareness and spread a positive image of their brand in their community. They have a greater reach and get more feedback. Hope this helped!
As a concerned citizen, you have decided to write a letter to the editor of your local
newspaper about the minimum wage. In your letter, you may either support or oppose the
minimum wage. Your response should be three paragraphs. You may reference information
provided in the reading or outside resources and information to support your position. Write
your response on a separate sheet of paper titled, Minimum Wage Letter.
The sample letter as a concerned citizen to the editor of a newspaper is given below:
The LetterDear Editor,
I am writing to express my support for the minimum wage. With the cost of living increasing every day, it is imperative that workers are paid a fair and livable wage.
Opponents argue that increasing the minimum wage would lead to job loss and hurt small businesses.
Overall, I believe that raising the minimum wage is a necessary step towards a more just and equitable society.
It is time for our lawmakers to prioritize the needs of workers and ensure that everyone has the opportunity to earn a fair and livable wage.
Sincerely,
[Your Name]
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8
Tracy has heard about government bonds before, but she isn't sure what they are. She is very conservative by nature and is really hesitant
about trying new things. What can you tell her about government bonds that might actually convince her to invest?
OA. They always have a very high Interest rate.
OB. They are extremely difficult to find.
O c. They allow you constant access to your investment Income.
OD. They are relatively risk-free.
Reset
Next
Answer: They are relatively risk-free.
How has the use of computers impacted the role of accountants?
Answer: IT networks and computer systems have shortened the time needed by accountants to prepare and present financial information to management. This system allows companies to create individual reports quickly and easily for management decision making.
Answer:
it's made there job much easier because everything they need is in one place
Explanation:
can I have brainliest I'm trying to level up
Give an example of an official in public service who failed to show probity, and explain your
answer. :
Answer:
The perfect and perhaps most commonly known is former U.S. President Richard Nixon.
Explanation:
Nixon was President of the United States from 1969 to 1974, he was elected for two periods, but he only finished one and less than half the other one. The reason is that he was embroiled in the Watergate scandal: an espionage campaign of the Democratic Party from Republican officials, including Nixon himself.
With these acts, Nixon, as the highest public official in the nation, failed to show probity, and dishonored the office of the president. He was quick to renounce the presidency, and would have faced legal challenges if not for his Vice President, Gerald Ford, who became president as his replacement, and issued him a presidential pardon immediately after.
Assume that you and your classmates are board members of a child care and education center for 60 preschool children located in a community center building. They had asked you to set up the program four years ago. Now the community center director feels he needs your space for additional adult activities during the day. You need to move out of the building in 30 days. What will you do? Consider all the options, and then make a plan.
The best plan for you would be to write to the education board regarding the issues that you are facing.
What are the functions of the local education board?The education board in a local area can help to do the following
Employ a school superintendentdevelop school policiesDevelop curriculumTake care of all issues that have to do with facilities.Hence the best thing would be to let them know of the issues you are facing in order to determine the best help necessary.
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The following model is a simplified version of the multiple regression model used by
Biddle and Hamermesh (1990) to study the trade-off between time spent on sleeping and working
and to look at other factors affecting sleep:
Where sleep and totwrk (total work) are measured in minutes per week and educ and age are
measured in years.
A. If adults trade off sleep for work, what is the sign of ?
B. What signs do you think and will have?
Using the data we estimated the equation and obtained (the standard errors in brackets):
Sleep = 3.638.25 - 0.148 totwrk - 11.13 educ + 2.20age
(112.28) (0.017) (5.88) (1.45)
n = 706 R2 = 0.113
C. Is either educ or age individually significant at the 5% level against a two-sided
alternative?
Dropping educ and age from the equation gives
Sleep = 3.586.38 - 0.151 totwrk
(38.91) (0.017)
n = 706 R
2
= 0.103
Are educ and age jointly significant in the original equation at the 5% level?
D. Does including educ and age in the model greatly affect the estimated trade-off between
sleeping and working?
E. Suppose that the sleep equation contains heteroskedasticity. What does it mean about the
tests computed in B and D
Answer:
A. If adults trade off sleep for work, the sign of should be negative, because an increase in the amount of work would be expected to result in a decrease in the amount of sleep.
B. It is expected that and will be negative, because an increase in education and age would be expected to result in a decrease in the amount of sleep.
C. Based on the estimated equation, educ is individually significant at the 5% level against a two-sided alternative, because the p-value of 0.000 is less than 0.05. Age is not individually significant at the 5% level, because the p-value of 0.139 is greater than 0.05.
D. Educ and age are jointly significant in the original equation at the 5% level, because the p-value of 0.000 is less than 0.05.
E. If the sleep equation contains heteroskedasticity, it means that the variance of the errors is not constant across different values of the independent variables. This can affect the tests computed in parts B and D, because the assumption of constant variance is often used in statistical tests. Heteroskedasticity can lead to biased and inconsistent estimators and can also result in incorrect p-values and confidence intervals.
Explanation:
Derek Davis, the sole proprietor of DD's Jam Shoppe, started trading on 1 January 2015 and provides you with the following list of balances which was extracted from his books on 31 March 2015. §. Inventory on 31 March 2015 was valued at · . ● Bank . Cash Accounts Receivable Accounts Payable Fixtures, Fittings and Equipment Premises Capital Transportation Out Discounts Wages and Salaries Utilities (including water rates) Rent Revenue Loan 1 Gross Income 1 654 6 875 9020/JANUARY/F 2016 699 450 7 780 25 000 396 160 4 750 1 180 1922 32 484 Additional information at 31 March 2015: Fixtures, Fittings and Equipment is to be depreciated at 20% per annum, using the straight line method. 185 3 000 2 560 8 793 One employee has not yet been paid his wages of $900. The Water Company has a credit of $160 for payment received in advance. 4 Mr Davis rents part of his shop premises to a tenant, who owes $1 500 in rent for the month of March. Interest is to be calculated on the Loan at the rate of 15% per annum.
Here is the financial statement for Derek Davis's sole proprietorship:
The financial statementDerek Davis, sole proprietor of DD's Jam Shoppe, had the following balances as of March 31, 2015:
Cash: $1,654
Accounts receivable: $6,875
Inventory: $9,020
Accounts payable: $4,500
Fixtures, fittings, and equipment: $7,780
Premises: $25,000
Capital: $39,616
Transportation out: $160
Discounts: $4,750
Wages and salaries: $1,180
Utilities (including water rates): $1,922
Rent revenue: $32,484
Loan: $185
Gross income: $8,793
Additional information:
Fixtures, fittings, and equipment are to be depreciated at 20% per annum, using the straight line method.
One employee has not yet been paid his wages of $900.
The Water Company has a credit of $160 for payment received in advance.
Mr. Davis rents part of his shop premises to a tenant, who owes $1,500 in rent for the month of March.
Interest is to be calculated on the Loan at the rate of 15% per annum.
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The table below shows Lanark's production possibilities.
A B C D E F
Wheat 0 180 315 405 450 468
Cars 190 181 163 127 73 0
a. If Lanark is producing 145 cars, it can produce approximately
wheat.
b. If Lanark is currently producing combination C, the cost of 90 more wheat is
(Click to select)
.
c. If Lanark is currently producing combination D, the approximate per unit cost of an additional car is
(Click to select)
. If necessary, round your answers to 1 decimal place. Remember to round 0.05 up to 0.10.
If Lanark is currently generating 145 buses, it can generate about 180 units of wheat. .
b. The cost of 90 further wheat is 90.
c. The approximate per unit cost of an fresh auto is 54.
To determine the approximate quantum of wheat Lanark can produce if it's presently producing 145 buses , we need to find the matching value in the" Wheat" column. Grounded on the given table, we can see that the values in the" buses" column drop from left to right. thus, we need to find the combination where the number of buses is closest to 145, which is combination B. In combination B, Lanark can produce roughly 180 units of wheat.
We can find the cost of 90 further wheat by comparing the wheat values between combinations C and D, If Lanark is presently producing combination C. The wheat value in combination C is 315, and the wheat value in combination D is 405.
The difference between these two values represents the fresh wheat produced when moving from combination C to combination D. In this case, the difference is 405- 315 = 90. thus, the cost of 90 further wheat is the difference between the wheat values in combination C and D, which is 90.
we can determine the approximate per unit cost of an fresh auto by comparing the auto values between combinations D and E, If Lanark is presently producing combination D. The auto value in combination D is 127, and the auto value in combination E is 73.
The difference between these two values represents the drop in auto product when moving from combination D to combination E. In this case, the difference is 127- 73 = 54.
thus, the approximate per unit cost of an fresh auto is the difference between the auto values in combination D and E, divided by the drop in auto product, which is 54/ 1 = 54.
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Question 6 of 10
What is the difference between a negligence case and an intentional tort?
A. There is no intent to do harm in a negligence case.
B. No actual harm need be done in a negligence case.
C. The burden of proof is much lower in an intentional tort case.
D. Special damages cannot be awarded in intentional tort cases.
SUBMIT
In a negligence case, there is no intent to do harm, but rather a failure to exercise reasonable care that results in harm to another person or property. Option B
In contrast, in an intentional tort, the defendant intends to cause harm to the plaintiff, whether through physical harm or damage to property.
Another key difference is that in a negligence case, actual harm must be done to the plaintiff for a claim to be made. This harm can be physical, emotional, or financial in nature. However, in an intentional tort case, the intent to cause harm is enough for a claim to be made, regardless of whether actual harm was done.
The burden of proof is also different in an intentional tort case compared to a negligence case. In an intentional tort case, the burden of proof is higher as the plaintiff must prove that the defendant acted with intent. In a negligence case, the burden of proof is lower as the plaintiff only needs to prove that the defendant failed to exercise reasonable care.
Finally, special damages cannot be awarded in intentional tort cases, unlike in negligence cases where special damages can be awarded for financial losses that result from the harm caused. Instead, intentional tort cases typically result in punitive damages, which are intended to punish the defendant for their actions. Option B
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Answer:
A. There is no intent to do harm in a negligence case
Explanation: took the test
Which economic indicator most strongly suggests
that an economy is experiencing the trough phase
of the business cycle?
O A. Unemployment rates that had been rising
quickly have since slowed down.
B. Both GDP and unemployment rates are
beginning to rise quickly.
C. GDP had been rising quickly but has since slowed down
D. Both GDP and unemployment rates are beginning to fall quickly
Answer:
a
Explanation:
Unemployment rates that had been rising quickly have since slowed down. This economic indicator most strongly suggests that an economy is experiencing the trough phase of the business cycle. Hence, option A is appropriate.
What is the meaning of the Business Cycle?Business cycles are made up of coordinated cyclical upswings and downswings in output, employment, income, and sales, which are four broad indices of economic activity. In the business cycle, expansions and contractions alternate (recessions).
Economic activity goes through periods of boom and then contraction during business cycles. Two-quarters of negative GDP growth is occasionally used as the formal definition of a recession. The four stages of an economic cycle—also known as a business cycle—are expansion, peak, contraction, and trough.
The repeated economic shifts that occur in a nation over time are called business cycles. It can be recognized by changes in the GDP and other macroeconomic indicators. The business cycle has four phases: expansion, peak, contraction, and trough.
Hence, option A is correct.
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Which of the following is not a characteristic of a cafeteria?
A tray is used to collect chosen dishes.
Customers tell servers what they want.
Food is displayed along the serving line.
Amounts are usually "all you care to eat" with no limits.
Answer:
The last option
Explanation:
In cafeterias you don't get an unlimited amount of what you want. Sometimes you don't even get what you want.
Question 1 of 20
Fifteen thousand shares of common stock are issued at a par value of $1.
The journal entry for this transaction includes a debit to for $15,000.
OA. Dividends Payable
B. Paid-In Capital
C. Cash
O D. Common Stock
SUBMIT
design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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explain 5 ways in which business studies is a living subject
Five ways in which business studies is a living subject:
Evolving technologiesEconomic shiftsChanging consumer preferencesSustainability and ethical issuesGlobalizationHow is business studies a living object ?Business studies is an ever-evolving subject that continuously updates itself to reflect the latest developments and trends in the contemporary business environment. The dynamic global economy, characterized by recessions, inflation, and changing trade policies, can have significant consequences on businesses. It compels them to adapt quickly in order to remain profitable.
Furthermore, as society shows a growing inclination towards sustainability and ethical concerns, businesses must incorporate these principles into their practices. This highlights the importance of keeping up-to-date with these changes for students studying in business studies so they can gain success in today's innovative business world.
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Making the Decision. Analyze the statement and decide whether or not the test is significant; compare the computed value of the test to the critical value. The heights of two sections of female classes were compare. The fist section with only 24 students recorded an average heigh of 163.5cm with a standard deviation of 6.9cm. The other class with 20 students recorded an average height of 160.3 with standard deviation of 5.5cm. At 0.05 level of significance is there a reason to believe that the first section of female students is taller than the females of the second class if the p value is 0.005?
Answer:
To determine whether or not the test is significant, we need to compare the computed value of the test statistic to the critical value. In this case, the test statistic is the p-value, which is 0.005.
The p-value is a measure of the evidence against a null hypothesis. In this case, the null hypothesis is that there is no difference in the average height between the first section of female students and the second class of female students. A small p-value (typically less than 0.05) indicates that the evidence against the null hypothesis is strong, and we can reject the null hypothesis.
Since the p-value is 0.005 which is less than 0.05, we reject the null hypothesis that the mean height of first section of female students is equal to the mean height of second class of female students. Therefore, there is a reason to believe that the first section of female students is taller than the females of the second class.