Material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.
What is the standard quantity?The number of resources that should have been utilized to finish the period's output, as determined by multiplying the actual number of units produced by the standard quantity per unit.It is calculated by multiplying actual production units by the standard material quantity per unit. For example, during the month of March, a company manufactured 2000 items. The typical amount of material needed to produce one unit of output was 5 pounds.A standard amount against which a quantity is measured [e.g., gram, meter, second, liter, pascal; units of the aforementioned quantities]. Chemists conduct many measurements. If the mass of a substance is discovered to be 6.0 grams, this can be stated mathematically. m = 6.0 g.Therefore, material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.
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The complete question is given below:
Material requirements plus an allowance for normal inefficiencies are added together to determine the ___________________ of a direct material per unit of output.
Which of the following are factors that will effect the price of a product?
(Check all that apply)
1. The amount of advertising and communications needed to inform customers
2. The number of businesses in the channel of distribution
3. The level of customer service offered by the business
4. The quantity of a product purchased by a customer
5. Whether the product is fragile or requires special handling
The factors that will affect the price of a product are:
1. The amount of advertising and communications needed to inform customers.
2. The quantity of a product purchased by a customer
3. Whether the product is fragile or requires special handling
What is Pricing?Pricing is the process by which a company determines the price at which it will sell its products and services and can be part of the company's marketing plan.
The process of estimating the quantitative value of a product based on internal and external criteria is known as product pricing. Product price has a direct influence on your company's entire profitability, from cash flow to profit margins to client demand.
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Answer the next question on the basis of the information in the following table. In the table, investment is in billions.(1)Interest (2) Investment (3) Investment Rate (billions of (billions of dollars) dollars) 4% $100 $805 90 706 80 607 70 508 60 401. Suppose the Fed reduces the interest rate from 6% to 4%. As a result of this decrease in the interest rate, using column (2) investment will _____.a. increase by $10 billionb. decrease by $10 billionc. increase by $20 billiond. decrease by $20 billion2. Suppose the Fed increases the interest rate from 5 to 6%. As a result of this increase in the interest rate, using column (2) investment will ____.a. increase by $10 billionb. decrease by $10 billionc. increase by $20 billiond. decrease by $20 billion3. In the table, investment is in billions. Suppose the Fed reduces the interest rate from 6% to 5% at a time when the investment demand declines from that shown by column (2) to that shown by column (3). As a result of these two occurrences, investment will _____.a. increase by $10 billionb. decrease by $10 billionc. increase by $20 billiond. decrease by $20 billion
In conclusion, the rate of depreciation after 1 year, 5 years, and 10 years depends on the initial salvage value and the depreciation rate. The formula for the estimated salvage value S(t) is used. Option a is Correct.
The estimated salvage value s (in dollars) of a company airplane after t years is given by S(t) = S_0 - D_t, where S0 is the initial salvage value and D is the rate of depreciation in dollars per year.
To find the rate of depreciation after 1 year, 5 years, and 10 years, we need to know the initial salvage value S_0 and the rate of depreciation D. Without this information, The specific values for the rate of depreciation.
However, we can still analyze the formula for the estimated salvage value S(t) to gain some insight. The rate of depreciation is the coefficient of t in the formula S(t) = S_0 - D_t. Therefore, a larger rate of depreciation corresponds to a steeper downward slope of the salvage value function, meaning that the salvage value decreases more quickly over time. Conversely, a smaller rate of depreciation corresponds to a more gradual downward slope of the salvage value function, meaning that the salvage value decreases more slowly over time.
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Which of the following statements concerning service guarantees is FALSE? A service guarantee is a mechanism to build customer loyalty. A service guarantee is a way to avoid compensating customers for a service failure. A service guarantee is a tool to clarify exactly what the service must provide. A service guarantee is a way to define a service and ensure satisfactory delivery to the customer.
Answer:
A service guarantee is a way to avoid compensating customers for a service failure.
Explanation:
Anything for which managers want a separate measurement of cost is called a A) responsibility center B) cost object C) profit object D) conversion cost
Anything for which managers want a separate measurement of cost is called a cost object.
Accurately assessing the cost of a project is essential to the success of any business endeavor. To do this accurately, it is best to have separate measurement for both labor and material costs.
Knowing exactly how much money is going into each aspect of the project helps to make sure the budget stays within its allocated parameters. By measuring labor and material costs separately, you can ensure that your business remains cost effective and your project will stay on track and within its allotted budget.
Hence, the correct option is "B".
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how does marmite use product differentiation
Marmite use product differentiation as viewed as having unique features, such as Marmite or the iPhone. It frequently referred to as a differentiator.
What do you mean by the product differentiation?
The feature or features that set your product or service apart from the competition for your target market are known as product differentiation.
It improves brand loyalty, sales, and growth by highlighting the differences between what you sell and what your rivals provide. These comprise vertical differentiation, mixed differentiation, and horizontal differentiation.
In the financial situation of today, product differentiation is crucial. It enables the seller to highlight the distinctive qualities that make their product outstanding by drawing comparisons between their own product and those of the market's rival products.
Therefore, Marmite use product differentiation as viewed as having unique features, such as Marmite or the iPhone. It frequently referred to as a differentiator.
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American Engineering, Inc., defends against a breach-of-contract suit by Beta Corporation by claiming that the consideration for their contract was inadequate. A court will not normally evaluate the adequacy of consideration unless it is
Group of answer choices
a. a service.
b. in the form of a forbearance.
c. not yet paid.
d. grossly inadequate.
Answer:
D)grossly inadequate.
Explanation:
From the question we are informed about American Engineering, Inc., defends against a breach-of-contract suit by Beta Corporation by claiming that the consideration for their contract was inadequate. In this case A court will not normally evaluate the adequacy of consideration unless it is
grossly inadequate. Grossly inadequate consideration is possible to be reviewed by the court when there is a contract dispute. However Consideration does not involve things that both parties were required to carry out under law because it does not add anything to additional value.
what type of account is a clearing account in quickbooks
A clearing account in QuickBooks is a type of account that is used to temporarily hold transactions until they can be categorized or properly recorded.
In other words, a clearing account is an account used to track money temporarily until it is transferred to another account.Clearing accounts are primarily used by bookkeepers and accountants to reconcile transactions. They allow users to have a better understanding of the flow of transactions in their company's books, as well as the ability to correct mistakes when they are found.An example of a clearing account is when a company records credit card transactions through a merchant account.
The money from these transactions will typically go into a clearing account before being transferred to the company's bank account. Once the transaction has been cleared, the funds are transferred from the clearing account to the company's bank account.Creating a clearing account in QuickBooks is easy. First, open QuickBooks and go to Lists > Chart of Accounts. From there, click on the New Account button in the lower left-hand corner. Choose the type of account you want to create (in this case, Clearing Account), and follow the prompts to set up the account.
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This institution has historically served as the principal vehicle through which the money supply of the United States is expanded or contracted. This practice continues today.
Answer:
Commercial Bank
Explanation:
Commercial banks are the institutions that deal with the finances. They provide loans, and accepts deposits as savings. These financial institutions are a means of financial assistance to the public. Financial services and assistance helps in the growth and establishment of the economy. The process of commercial banking is intended towards growth and the earning of profit altogether.
On a small scale, what should a hospitable relationship between a guest and a host be filled with?
A. goodwill and the desire to provide a pleasing and positive encounter
B. disagreement and constant bargaining over the minute details of the situation
C. no communication and very little interaction between host and guest
D. lifelong friendship and a relationship that grows deeply over the years
With ______, an organization can parcel out the entire complex work effort to be performed by specialists, which results in greater efficiency.
With division of labor, an organization can parcel out the entire complex work effort to be performed by specialists, which results in greater efficiency.
What is division of labor?Division of labor can simply be defined as the division of tasks in order to enable different person or individual to be involved in the tasks.
Division of labor tend to lead to efficiency when task are allocated to separate individual.
With division of labor an organization or company can allocate or assigned the whole tasks to be performed to different individual which are specialists in the field they are.
Inconclusion with division of labor, an organization can parcel out the entire complex work effort to be performed by specialists, which results in greater efficiency.
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HELPPPPP PLEASE
1. Unlimited liability is full responsibility for your companies debt.
False
True
2. Limited Liability means that if the business closes that you own, you are required to pay back the debt.
True
False
Answer: 1.True
2. False
Explanation:I just took the quiz and got it right so you should too lol.
Honeydew melons sell in a marketplace for $29.95 per box. One box contains 6 melons. How much would you have to pay to buy 11 melons
To buy 11 honeydew melons at the marketplace, you would have to pay $54.89.
To find the total cost of buying 11 honeydew melons at the marketplace, we first need to determine the cost per melon and then calculate the cost for 11 melons.
Given that one box of honeydew melons costs $29.95 and contains 6 melons, we can find the cost per melon by dividing the cost of the box by the number of melons in the box:
Cost per melon = $29.95 / 6 melons = $4.99 per melon
Now that we have the cost per melon, we can determine the cost of buying 11 melons by multiplying the cost per melon by the number of melons we want to purchase:
Total cost = 11 melons × $4.99 per melon = $54.89
So, to buy 11 honeydew melons at the marketplace, you would have to pay $54.89.
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Which of the following works to achieve a more satisfactory fit between workers and their jobs?
A) job redesign
B) participative management
C) MBO
D) team management
E)person-position fitting
Among the options provided, one of the key approaches to achieving a more satisfactory fit between workers and their jobs is job redesign. The correct option is A).
Job redesign involves modifying various aspects of a job, such as tasks, responsibilities, and work processes, to better align them with the skills, abilities, and preferences of the workers.
Job redesign can include elements such as task variety, autonomy, and skill utilization. For example, it may involve job rotation, where employees are given the opportunity to perform different tasks within their role, allowing them to develop new skills and avoid monotony.
Participative management (option B) is another approach that can contribute to a better fit between workers and their jobs.
By involving employees in decision-making processes and giving them a voice in matters that affect their work, organizations can increase job satisfaction and foster a sense of ownership and commitment among workers.
This participatory approach can lead to a better understanding of employee preferences and help align job responsibilities and tasks accordingly.
Management by objectives (MBO) (option C) is a goal-setting approach that can be used to improve the alignment between worker and job.
Through collaborative goal-setting and performance evaluation, MBO helps establish clear objectives and expectations for employees, enabling them to focus on tasks that are relevant to their job and skills.
Team management (option D) can also contribute to a more satisfactory fit between workers and their jobs. By organizing work into teams and fostering collaboration, organizations can leverage the diverse skills and expertise of team members.
This approach allows for greater job variety and provides opportunities for employees to work on tasks that align with their strengths and interests, promoting a more satisfactory fit.
Finally, person-position fitting (option E) is a fundamental consideration in achieving a satisfactory fit between workers and their jobs. It involves aligning the knowledge, skills, abilities, and other characteristics of individuals with the requirements of the position.
By carefully matching individuals to jobs based on their competencies and preferences, organizations can enhance job satisfaction and overall performance.
In conclusion, job redesign, participative management, MBO, team management, and person-position fitting are all approaches that can contribute to a more satisfactory fit between workers and their jobs. Therefore, the correct option is A).
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Which of the following is an accurate statement about the consequence of a binding price floor? O Binding price floors do not allow sellers to receive a higher price if they sell the product in the legal market. O Binding price floors create a shortage of the product. O Binding price floors encourage the formation of a black market. O Binding price floors discourage the formation of a black market. O Binding price floors cause consumers to want to purchase more of the product in the legal market.
The following is an accurate statement about the consequence of a binding price floor is Binding price floors do not allow sellers to receive a higher price if they sell the product in the legal market, option A.
A price floor is a rule that forbids the sale or purchase of an item or service for less than a certain amount. Implementing price floors frequently has one or more of the following objectives in mind:
to raise a product's or service's cost over its going rate.to lessen consumer demand for products or services that are deemed detrimental.to promote the production of goods or services in an industry supported by the government.To advance the welfare of low-paid workers (as with minimum wage regulations, which establish price ceilings on the income that firms may provide their employees).
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why does the amount of interest you owe decrease every month?
Answer:
The outstanding principle is less
Explanation:
Answer:the overall balance decreases
Explanation: because you have to pay less interest over time because you are paying money to them
"A representative is hosting 20 wealthy guests at a dinner seminar at a Michelin star-rated restaurant, and when coffee and dessert are being served, she intends to give a small talk about the potential benefits of investing in hedge funds. This is defined by FINRA as a(n):"
Answer:
Public appearance.
Explanation:
In this scenario, a representative is hosting 20 wealthy guests at a dinner seminar at a Michelin star-rated restaurant, and when coffee and dessert are being served, she intends to give a small talk about the potential benefits of investing in hedge funds. This is defined by FINRA as public appearance.
According to Financial Industry Regulatory Authority (FINRA), a public appearance can be defined as an unscripted, spontaneous live presentation to a group of people comprising of potential investors. A public appearance do not require a principal approval and are not bonded by the FINRA rules and regulations.
Haul’m-in Marine manufactures diesel engines for shrimp trawlers and other small commercial boats. One of their CNC machines has caused several problems. Over the past 30 weeks, the machine has broken down as indicated below. Each time the machine breaks down, the firm loses an average of $3,000 in time and repair expenses. If preventive maintenance were implemented, it is estimated that an average of only one breakdown per week would occur. The cost of preventive maintenance is $1,000 per week. What is the weekly total maintenance cost of this program?
Number of breakdowns per week
0
1
2
3
4
Frequency (Number of weeks that breakdowns occurred)
8
3
5
9
5
A. $1,000
B. $3,000
C. $4,000
D. $6,000
E. $8,000
Answer:
The right solution is Option C "$4,000".
Explanation:
The given values are:
Breakdown cost,
= $3,000
Per week cost of preventive maintenance,
= $1,000
Breakdown per week,
= 1
Now,
The cost per week will be:
= \(Breakdown \ cost+Cost \ of \ preventive \ maintenance\)
On substituting the values, we get
= \(3000+1000\)
= \(4,000\) ($)
The listing broker may be due a commission, even when no sale occurred, if the:
a) potential buyers is unable to obtain financing
b) seller decides he no longer wants to sell
c) seller refused buyers reasonable offers
d) broker located a buyer who made an offer that met
all of the sellers terms
If the listing broker found a buyer who made an offer that fulfilled the seller's terms, the broker might still be entitled to a commission even if no sale took place. Here option D is the correct answer.
The listing broker is typically paid a commission on the sale of a property. However, there are situations in which a commission may be due even if no sale occurs. One such situation is when the broker located a buyer who made an offer that met all of the seller's terms.
In this case, the broker has fulfilled their obligation to the seller by finding a suitable buyer who is willing to meet the seller's terms. The fact that the sale ultimately did not occur may be due to circumstances beyond the broker's control, such as the buyer being unable to obtain financing or the seller refusing reasonable offers. Nonetheless, the broker has performed their duties under the terms of the listing agreement, and as such, they may be entitled to a commission.
It's important to note that the specific terms of the listing agreement will dictate whether or not a commission is due in these types of situations. Sellers should carefully review their listing agreements to understand when a commission may be due, even in the absence of a sale.
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Finance theory asserts that if there are no transactions costs, no bankruptcy costs and investment policy is fixed, then the value of the firm will not be affected by capital structure.
True or False
False.
According to the Modigliani-Miller (MM) theorem, under certain assumptions, capital structure does not affect the value of a firm.
The assumptions include no taxes, no bankruptcy costs, no transaction costs, and no agency costs. However, the statement in the question only mentions no transaction costs and no bankruptcy costs while ignoring the other assumptions.
In reality, there are various factors that can affect the value of a firm's capital structure, even when transaction costs and bankruptcy costs are absent. These factors include taxes, agency costs, information asymmetry, and signaling effects. The presence of these factors can impact the cost of capital, financial distress risk, and the overall value of the firm. Therefore, the statement in the question is not fully accurate, and the correct answer is false.
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a two-year 8% annual coupon paying bond is selling at $970.00. what is the yield to maturity for this bond?
The yield to maturity for this bond is 2.33%.
What do you mean by yield to maturity?
The yield to maturity is the total return anticipated on a bond if the bond is held until it matures. It is the internal rate of return of an investment in a bond. It takes into account the current price of the bond, the face value of the bond, the annual coupon payments, and the time remaining until maturity. A bond's yield to maturity is an important factor to consider when evaluating the attractiveness of a bond investment.
To calculate the yield to maturity (YTM) for a bond, we can use the following formula:
YTM = (C + (F - P) / n) / ((F + P) / 2)
Where:
C is the annual coupon payment (8% of the face value of the bond)
F is the face value of the bond (also known as the par value)
P is the price of the bond ($970.00)
n is the number of years to maturity (2 years)
Plugging these values into the formula, we get:
YTM = (8 + (1000 - 970) / 2) / ((1000 + 970) / 2)
= (8 + 30 / 2) / (1970 / 2)
= (8 + 15) / 985
= 23 / 985
= 2.33%
Hence, the yield to maturity for this bond is 2.33%.
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Items of value owned by a business are known as which of the following?
Answer:
Explanation:
Assets
To generate higher profits, producers must work to increase their total supply. increase their total expenses. decrease their customer base. decrease their production costs.ing one additional unit of a good the additional income gained from selling an additional good the financial gain from business activity minus expenses
Answer:
Producers must work to decrease their production costs
Explanation:
Decreasing production costs increases profit, as they can charge the same price for a cheaper product.
If it's incorrect, lmk and i'll do nothing
What is the value in customizing a cover letter? What do you think are the most valuable
three thing to customize? Why?
Answer:
The person hiring will see you actually care and your not just doing it for the money, it will also show some professionalism the three most important things to personalize is why you would be a good addition, your experience and how its helped you grow and how you would like to see yourself grow in their company
Explanation:
the concept of diminishing marginal utility: select one: a. explains why individuals rarely maximize their total utility. b. is the change in total utility that comes from consuming one additional unit of a good or service. c. is the principle that the additional utility gained from consuming successive units of a good or service tends to be smaller than the utility gained from the previous unit. d. is the principle that the additional utility gained from consuming different bundles of goods and services tend to be smaller than the utility gained from consuming just one bundle of goods and services.
A) is the idea that consuming additional units of a good or service typically has a smaller effect on utility than consuming the previous unit. Total utility is rising as long as marginal utility is positive.
When a consumer chooses a bundle that contains more of at least one good and not less of another good, it is said that the consumer's preferences are strongly monotonous.
The consumer prefers both goods more. The consumer prefers one good more than another when preferences are purely monotonous or have a strong monotonic preference.
What exactly is strong monotony?
If, given a consumption bundle, an agent prefers all consumption bundles that have more of at least one good and not less of any other good, this indicates that the agent's preferences are strongly monotonic.
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Select the correct answer from each drop-down menu.
Fill in the correct terms to complete the description of Mischa going through the home-buying process
Mischa wants to buy a home. She has looked at the housing market. Now she needs to find a ______ to become _______ for a mortgage. By doing so, Mischa will know how much she has to spend on a house.
A.real estate agent B.lender C.closeing company D.title company
a.eligible b.wait listed c.credit checked d.prequalified
Answer:
B. lender
d. prequalified
Explanation:
Mortgage brokering can be defined as a process which typically involves a mortgage broker acting as an intermediary between a financial institution (mortgage bank) offering loans and an individual that seeks to collect a loan.
Generally, all financial assets or securities can be securitized i.e turned into a tradable item that can be used to generate money for a potential investor or the owner of the financial asset. For example, a mortgage backed security can be used as securitization.
In the home-buying process, sellers usually require the buyer to present a mortgage pre-qualification in order to have an estimate of their financial capacity to buy a house. This qualification or approval determines the amount of money a lender can lend to a home-buyer who wishes to buy a house.
Additionally, some of the requirements to obtain a pre-qualification letter from a lender includes employment status, good credit score, proof of income and assets, etc.
In this scenario, Mischa wants to buy a home. She has looked at the housing market. Now she needs to find a lender to become prequalified for a mortgage. By doing so, Mischa will know how much she has to spend on a house.
The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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According to _____, location-specific advantages are of considerable importance in explaining both the rationale for and the direction of foreign direct investment.
Multiple Choice
a. the infant industry argument
b. market imperfections theory
c. internalization theory
d. the eclectic paradigm
e. Knickerbocker's theory
The correct option d. the eclectic paradigm. According to the "eclectic paradigm," location-specific benefits play a significant role in describing the motivation behind and course of foreign direct investment.
Explain about the foreign direct investment?The goal of obtaining a long-term interest in a company located in another economy by an investor from one economy is reflected in the type of international investments known as foreign direct investment (FDI).
For instance, a US business may buy stock in a foreign firm that provides it with all the raw resources it requires. A corporation invests together in foreign company that is irrelevant to its main business in a conglomerate FDI.Economic theory, also referred to as the OLI model as well as OLI framework, is the eclectic paradigm. It gets over the drawbacks of fragmentary theories of global production and offers a comprehensive framework in which alternative and related theories of global production can coexist.Thus, according to the "eclectic paradigm," location-specific benefits play a significant role in describing the motivation behind and course of foreign direct investment.
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When is it necessary to adjust the parent’s retained earnings account in the preparation of consolidation workpapers? Explain the relationship between parents retained earnings and consolidated retained earnings.
In the preparation of consolidation workpapers, it is necessary to adjust the parent's retained earnings account when the subsidiary's net income is greater than its dividend payments, and it has an intercompany dividend that the parent company has not yet received.
Since the parent company owns the subsidiary's shares, the dividend that the subsidiary declares is revenue for the parent company.
As a result, the parent's retained earnings should be raised by this revenue. If the intercompany dividend is more than the subsidiary's net income, the dividend will be a non-operating income for the subsidiary firm. As a result, the parent's retained earnings should be reduced by this revenue.
In summary, retained earnings of the parent and consolidated retained earnings have a direct relationship. The parent company's retained earnings are combined with the subsidiary's retained earnings to calculate the consolidated retained earnings.
In the process of consolidation work paper preparation, the parent company's retained earnings may need to be adjusted for intercompany transactions and unrealized profits in inventory.
Any changes to the parent's retained earnings will be reflected in the consolidated financial statements, as consolidated retained earnings are the sum of the parent and subsidiary's retained earnings.
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Emma is a high school student with a part-time job. She is not eligible for any employer sponsored plan. She wants to start investing for retirement. What is the best type of account for her to use
The best type of account for her to use is: Individual retirement account.
What is individual retirement account?An individual retirement account is a form of saving account that enables an individual to save ahead of retirement.
Individual retirement account is important for people that want or desire to save retirement.
Since Emma want to start investing for retirement the best choice is for Emma to open an individual retirement account.
Inconclusion the best type of account for her to use is: Individual retirement account.
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Which situation best illustrates the concept of scarcity?
a class designing and selling calendars
a cook learning to be an executive chef
a friend buying a copy of a popular DVD
a person buying a used car due to limited income
Answer:
answer is D
Explanation:
Situation best illustrates the concept of scarcity is a person buying a used car due to limited income
What is Scarcity?Scarcity can be regarded as an economic situation whereby the demand for a resource is more compare to the supply .
Therefore, scarcity is as a result of the resource, been limited.
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