The profit-maximizing quantity is 25, the total revenue is $100, the profit is $7.50, and the profit per unit is $0.30.
A perfectly competitive firm is a firm in which many firms are selling similar products. The firm can sell as much output as it wants at the prevailing market price and will be a price-taker.
This implies that the firm can't change the market price and can sell as many units as it wants at the given market price.
The profit-maximizing level of output for a perfectly competitive firm is the output level at which its marginal cost equals its marginal revenue. Let's fill in the missing data of Choco Lovers given below:
Choco Lovers Costs and RevenueQuantity of Gift BoxesTC ($)ATC ($)MC ($)55.0011.0010.001.0057.505.7515.004.174.001.0072.502.0025.0092.503.704.0030.00122.504.086.00We have to find the profit-maximizing quantity, total revenue, profit, and profit per unit of Choco Lovers. To obtain this, let's find the marginal revenue and fill in the table below:
Choco Lovers Revenue Quantity of Gift BoxesTR ($)MR ($)5 35.00 7.0010 70.00 ____15 ____ 7.0020 140.00 ____25 245.00 9.8030 360.00 ____Let's now fill in the missing data: Choco Lovers Costs, Revenue, and Profit Quantity of Gift BoxesTC ($)ATC ($)MC ($)TR ($)MR ($)5 55.00 11.00 1.00 35.00 7.0010 57.50 5.75 2.50 70.00 7.0015 62.50 4.17 5.00 105.00 7.0020 72.50 3.63 10.00 140.00 7.0025 92.50 3.70 20.00 245.00 9.8030 122.50 4.08 30.00 360.00 12.00To obtain profit-maximizing quantity, we need to equate the marginal cost and marginal revenue. Thus, the profit-maximizing quantity is 25.
Total revenue is calculated by multiplying price by quantity, thus total revenue = price * quantity = $4 * 25 = $100.The profit can be calculated by subtracting total cost from total revenue, therefore profit = total revenue - total cost = $100 - $92.50 = $7.50.
The profit per unit can be calculated by dividing profit by the number of units produced, thus profit per unit = profit/quantity = $7.50 / 25 = $0.30.
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all question are true false:
1/ Efficiency is doing the right thing; effectiveness is doing things right
2/ Done properly, sustainability encourages people to live in ways that can be maintained for a short period without harming environmental resources.
3/ A global company can be headquartered anywhere, but usually most of its employees come from the organization's home country.
4/ A measure of how well the goals have been accomplished is called efficiency
5/ A measure of how resources are used to achieve organization’s desired goal is called efficiency
6/ Top level managers along with middle-level managers are responsible for strategic direction of an organization
7/ A measure of how resources are used to achieve organization’s desired goal is called effectiveness.
8/ Four responsibilities of Planning, leading, controlling, and organizing is only for high-level managers and middle-level managers in an organization do not have to perform all these four tasks
Efficiency is doing the right thing; effectiveness is doing things right. This statement is false. Statements 1 to 4 and 6 and 7 are false while others are true.
Efficiency is frequently a measurable capability to avoid wasting stuff, energy, trouble, plutocrat and time to do commodity or achieve the asked result.
Being efficient means being suitable to achieve your results by making the stylish use of the coffers at your disposal.
2) False- promotes life. In order to be sustainable, human needs must be met without jeopardizing the ability of subsequent generations to do the same.
3) False- Workers can come from any country.
4) False - Efficiency can be defined as the capability to achieve an ultimate thing with little or no trouble, trouble, or energy.
5) True- A measure of how effectively or productively coffers are used to achieve pretensions
6) false - The enterprise's goals and general policies are established by top management. It provides the required guidance for creating departmental budgets, policies, timetables, etc. It creates the enterprise's strategic plans and policies. It appoints the executive for medium level i.e. departmental managers.
7) false - This statement is not true.
8) true - They're enforced by top operation.
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A restaurant worker earns a set amount per hour from their employer. They also receive tips from customers. Their earnings most closely resemble those of which of the following? a. An employee working on straight commission b. An employee working on commission plus salary c. An employee working on a piece-rate basis d. An employee working on a fixed salary.
In this case, the restaurant worker's earnings closely resemble that of an employee working on commission plus salary.
Basically, a commission earnings means an additional payment that is accrued during the course of work and are paid in addition to a base salary.
Hence, the restaurant worker's earnings closely resemble that of an employee working on commission plus salary.
Therefore, the Option B is correct
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A compensating balance: requirement is generally set equal to one percent of the amount borrowed. requirement generally applies to inventory-type loans. is a means of paying for banking services received. decreases the cost of short-term bank financing. refunds a portion of the borrower's interest if a loan is repaid early.
A compensating balance requirement is generally set equal to one percent of the amount borrowed.
A compensating balance requirement refers to a practice in banking where a borrower is required to maintain a certain minimum balance in a bank account as a condition for obtaining a loan or receiving banking services. This minimum balance is typically expressed as a percentage of the amount borrowed.
In the given statement, it is mentioned that the compensating balance requirement is generally set equal to one percent of the amount borrowed. This means that if a borrower receives a loan of a certain amount, they would be required to keep a minimum balance in their bank account equivalent to one percent of that loan amount.
A compensating balance requirement does not directly decrease the cost of short-term bank financing, as mentioned in the fourth option. Instead, it serves as a condition for obtaining a loan or banking services.
Therefore, based on the options provided, the statement that a compensating balance requirement is generally set equal to one percent of the amount borrowed is the most accurate description.
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What is the marginal cost of producing a fifth soccer net? $1.00 $1.50 $2.00 $2.50
Constructing a fifth soccer net has a marginal cost of 110.
The difference in total production costs caused by creating or manufacturing one more unit is known as the marginal cost in economics. Divide the variation in production costs by the variation in quantity to determine marginal cost.
As per the data given in the above question are as bellow,
We have to find the marginal cost of fifth soccer net.
The total units 0 1 2 3 4 5
The total revenue 0 100 180 250 290 310
The total costs 0 50 110 180 270 380
the marginal cost of producing a fifth soccer net is
=(380-270)/(5-4)
=110
So the production cost is $110
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Note: The correct question would be as bellow,
Total units 0 1 2 3 4 5
Total revenue 0 100 180 250 290 310
Total costs 0 50 110 180 270 380
What is the marginal cost of producing the fifth unit?
Answer:
2.00
Explanation: just took the test
jm case inc. has a market value of $5 million with 500,000 shares outstanding. the book value of its equity is $1,750,000. what is jm case’s price per share?
Jm case has a market value of $5 million with 500,000 shares outstanding. the book value of its equity is $1,750,000. $10 is jm case’s price per share.
You divide the market value of equity by the number of outstanding shares to get JM Case Inc.'s price per share. In this instance
Equity market value is $5,000,000.
There are 500,000 outstanding shares.
Price per share is calculated as Market Value of Equity /Amount of Outstanding Shares.
Price per share = $5,000,000/ 500,000.
Each share costs $10.
The price per share of JM Case Inc. is $10 as a result.
The market value of equity reflects how the market now perceives the company's value, which is influenced by variables like investor attitude, potential future growth, market conditions, and industry trends.
The net value of the company's assets after subtracting liabilities is what the book value of equity, on the other hand, which is generated from the financial statements of the business, reflects.
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As a recent college graduate, Jonah started working for an export trading company. His job has already taken him around the globe, including Asia on several occasions. He was amazed to see the difference in working conditions in the developing nations he visited, as opposed to similar operations in the United States. The expectations of workers were not the same. Jonah's experience is an example o
Answer: social responsibility differences between similar firms, but in different countries.
Explanation:
From the information given, we can deduce that Jonah's experience is an example of social responsibility differences between similar firms, but in different countries.
The difference in working conditions in the developing nations he visited, is due to the social responsibility as this has resulted in a positive impact on the society as whole.
What is payment by cash?
What is it used for?
Answer:
payment by cash is when you pay for something by cash
Explanation:
Answer:
When you use cash instead of your card.
Explanation:
Lets say you are going to the shop, to buy something- You arrive at the till and realise that you have not got your card with you , but instead you have cash. So that is what payment by cash is
Question 2 of 10
Standards of behavior that govern how individuals and companies act are
called
A. morals
B. codes
C. ethics
D. behaviors
Answer:
C.
Explanation:
The term used to define standards of behavior that governs individual's and companies conduct is ethics.
The term ethics is derived from the Greek word ethos, meaning, way of living. Ethics comes under the rubric of philosophy and is related to the subject of human conduct, especially concerning the actions of humans towards the society.
Ethics are those moral principles in which the conduct of companies and human behaviors are anchored.
Therefore, the correct answer is option C.
7. Abatement tax is a tax exemption granted by the government for limited period. True False
8. Tax policies can be defined as Government's attitudes, objectives and actions whith revpects to ins un system. True False
9. A good tax is not required to sufficient to raise necessary government revenue. True False
10. Revemue refers to the total tax collected by the government for the public and available for public use. True False
11. If the widow or widower maintains a home for a dependent child, he or she qualifies as a marrie surviving spouse for the three taxable years following the year of death. True False
12. Head of household is an individual who is unmarried on the last day of the year, who is not spouse, and who maintains a home for a child or other dependent family members qu filing purpose. True False
A. True.B. True.C. False. Higher taxes may apply to a residence owned by a taxpayer aged 65 or younger.D. True.Ad valorem taxes on realty, also known as real estate taxes, are taxes based on the assessed value of the real property being taxed. These taxes are generally levied by state or local governments, with rates varying depending on the location.
Some jurisdictions extend immunity from tax for a specified period of time (a tax holiday) to new or relocated businesses. - True B. Some states partially exempt the homestead, or personal residence, portion of property from taxation. - True C. Lower taxes may apply to a residence owned by a taxpayer aged 65 or younger. - False. Higher taxes may apply to a residence owned by a taxpayer aged 65 or younger. D.
Property owned by the Federal government is exempt from this tax. - True also known as real estate taxes, are taxes based on the assessed value of the real property being taxed. These taxes are generally levied by state or local governments, with rates varying depending on the location. False. Higher taxes may apply to a residence owned by a taxpayer aged 65 or younger. D.
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Poitioning" i a marketing management aid that refer to: _________ A. How cutomer think about propoed and/or preent brand in a market
Positioning is a marketing management tool that describes how consumers perceive existing and/or potential brands in a certain market. So, the suitable option will be option (a).
Give a brief account on marketing management.Marketing management applies economics and competitive strategy techniques to analyze the business environment in which the organization works. Marketers use SWOT analysis to focus on the relative competitive strengths and weaknesses of each competitor in the market as they create extensive profiles of each competitor. Marketing managers will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.
Market and marketing research are frequently conducted by marketing management in order to undertake marketing analysis. Although there are many techniques used by market researchers, the following are some of the most common ones :
Focus groups and different kinds of interviews are examples of qualitative marketing research.statistics surveys are examples of quantitative marketing research.experimental methods, including test marketsTechniques of observation like ethnographic (on-site) observationTo know more about, marketing management, visit :
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The complete question is mentioned below :
"Positioning" is a marketing management aid that refers to: ______
A) how customers think about proposed and/or present brands in a market.
B) a product's ability to provide both immediate satisfaction and social responsibility.
C) how a firm approaches customer relationship management.
D) a firm's ability to distribute products through intermediaries who are in the right position to reach target customers.
E) all of these alternatives are true.
Question 1 of 3
The bank limits deposits to $200 per day. Ash has $300
to deposit. What should she do?
Select a response.
A Make multiple deposits over a few days
B Not agree to the Terms and Conditions
According to the information provided, Ash should make several deposits spread out over a few days. Thus option A is correct.
Ash can divide the deposit into two separate transactions because the bank only allows deposits of $200 per day and she has $300 to deposit. She is permitted to deposit $200 on the first day and the final $100 on the second day.
She will be able to successfully complete her deposit and stay inside the bank's deposit cap with this method. The correct response is, "Make several deposits over a few days."
Therefore, option A is appropriate.
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Balance sheet information
LO3–2 through
LO3–4
Real World Financials
Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes for the year ended February 1, 2020, are available in the Connect library. This material also is available under the Investor Relations link at the company’s website (www.target.com).
Required:
Does the company separately report current assets and long-term assets, as well as current liabilities and long-term liabilities?
Are any investments shown as a current asset? Why?
In which liability account would the company report the balance of its gift card liability?
What method does the company use to depreciate its property and equipment?
I don't have real-time access to liabilities financial statements or the ability to browse external websites I can provide you with general information regarding the topics you mentioned based on commonly followed accounting practices.
Typically, companies prepare their balance sheets by separating current assets and long-term assets, as well as current liabilities and long-term liabilities. Current assets are those expected to be converted into cash or used up within one year or the operating cycle, whichever is longer.
Long-term assets are those held for more than one year or the operating cycle. Similarly, current liabilities are obligations expected to be settled within one year or the operating cycle, while long-term liabilities are obligations due beyond one year or the operating cycle. Investments can be classified as current assets if they are short-term investments that can be readily converted into cash within one year. For example, if Target Corporation holds marketable securities or short-term investments that mature within a year, they would likely be reported as current assets on the balance sheet.
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Question 10 of 20
What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers,
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers
D. A market economy is determined by consumers and a command
economy is determined by central authority,
Question 26 Listen A manufacturer is considering a switch from manufacturers' representatives to an internal sales force. The following cost estimates are available. Manufacturers' reps are paid 7.9% commission and incur $645,000 in fixed costs, while an internal sales force has fixed costs projected at $2,080,000 and would receive 3.0% commission. At what sales volume would the manufacturer be indifferent between the two alternatives? Report your answer in dollars. Your Answer: Answer Question 27 4) Listen ► A manufacturer is considering a switch from manufacturers' representatives to an internal sales force. The following cost estimates are available. Manufacturers' reps are paid 8.8% commission and incur $600,000 in fixed costs, while an internal sales force has fixed costs projected at $1,750,000 and would receive 3.3 % commission. Assume that sales revenue is double the breakeven volume or the point at which the manufacturer would be indifference between reps and an internal sales force. At this volume, how much would the manufacturer save, assuming the company had switched to an internal sales force? Report your answer in dollars. Your Answer:
The manufacturer would be indifferent between manufacturers' representatives and an internal sales force at a sales volume of approximately $29,285,714.29. The savings achieved by switching to an internal sales force at double the breakeven volume can be calculated using the provided cost estimates.
To determine the sales volume at which the manufacturer would be indifferent between manufacturers' representatives and an internal sales force, we need to equate the costs of both options.
For the manufacturers' representatives:
Total cost = Commission + Fixed costs
Total cost = 7.9% of sales + $645,000
For the internal sales force:
Total cost = Commission + Fixed costs
Total cost = 3.0% of sales + $2,080,000
To find the sales volume, we set the total costs of both options equal to each other:
7.9% of sales + $645,000 = 3.0% of sales + $2,080,000
Subtracting 3.0% of sales from both sides gives:
4.9% of sales + $645,000 = $2,080,000
Subtracting $645,000 from both sides gives:
4.9% of sales = $2,080,000 - $645,000
4.9% of sales = $1,435,000
Dividing both sides by 4.9% gives:
sales = $1,435,000 / 4.9%
sales ≈ $29,285,714.29
Therefore, the manufacturer would be indifferent between manufacturers' representatives and an internal sales force at a sales volume of approximately $29,285,714.29.
For the second question, we need to find the savings achieved by switching to an internal sales force at double the breakeven volume.
Assuming the breakeven volume is the sales volume at which the manufacturer would be indifferent, which is $29,285,714.29, we can calculate the savings.
Savings = Total cost with manufacturers' reps - Total cost with internal sales force
Savings = (8.8% of sales + $600,000) - (3.3% of sales + $1,750,000)
At the breakeven volume, the sales would be $29,285,714.29:
Savings = (8.8% of $29,285,714.29 + $600,000) - (3.3% of $29,285,714.29 + $1,750,000)
Calculating this equation will give the amount saved by switching to an internal sales force.
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U. S. Currency is part of.
a. M1 only
b. M2 only
c. M3 only
d. M1, M2, and M3
It is U.S. government policy that all designs of U.S currency remain legal tender, regardless of when they were issued.
What are US dollars classified as?The USD (United States dollar) is the official currency of the United States of America. The United States dollar, or U.S. dollar, is made up of 100 cents. It is represented by the symbol $ or US$ to differentiate it from other dollar-based currencies.The U.S. dollar is considered a benchmark currency and is the most used currency in transactions across the world. In addition, it is used as the official currency in many territories outside of the U.S., while many others use it alongside their own as an unofficial currency.The U.S. dollar is considered a benchmark currency and is the most used currency in transactions across the world. In addition, it is used as the official currency in many territories outside of the U.S., while many others use it alongside their own as an unofficial currency.To learn more about currency refer to:
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Remember this CES production function? f(L, K) = (L −1 + K−1 ) −1 Last time you derived the firm’s short-run costs. This time let’s look at the long-run.
a. In the long run, the firm is free to choose both L and K as it pleases. Derive the equations for long-run total cost and long-run average cost when factor prices are w = 5 and r = 5.
LTC =
LAC =
c. Sketch the firm’s long-run average cost curve when w = 5 and r = 5. Include enough detail to make your diagram completely clear and unambiguous.
The CES Production Function is a specific functional form that relates inputs to output. For example, the function relates the quantities of capital and labor to the quantities of output that a firm can produce. The CES production function is the abbreviation for the “Constant Elasticity of Substitution Production Function.”
The production function can be represented by the following equation:f (L, K) = (αL-r+ + (1-α)K-r+)-1/rwhere:L represents labor.K represents capital.r represents the elasticity of substitution.α represents the share of labor in total output.1-α represents the share of capital in total output.Cost minimization problem of a firm:To choose optimal inputs, a firm must minimize its costs. In other words, given the quantity of output to be produced, a firm must choose the combination of inputs that will minimize the total cost of production. In the short run, the firm is constrained by the amount of fixed capital it has. In the long run, however, a firm can change the quantity of fixed capital it uses. As a result, the firm has more flexibility in choosing its inputs, and its cost minimization problem is different.Long-Run Costs:In the long run, the firm is free to choose both L and K as it pleases. Thus, the firm’s cost-minimization problem is given by the following equation:W × L + R × K = Cwhere:W is the wage rate.R is the rental rate.K is the capital.L is labor.C is the cost of production.LTC = W/(αr)^(1/(r-1)) + R/((1-α)r)^(1/(r-1))LAC = LTC/q = (W/q)/(αr)^(1/(r-1)) + (R/q)/((1-α)r)^(1/(r-1))The above equation gives the long-run total cost (LTC) and the long-run average cost (LAC) of the firm. Where q = f(L, K) represents the quantity of output produced. The firm’s long-run average cost curve when w = 5 and r = 5 is shown below:So, the long-run average cost curve when w = 5 and r = 5 is a U-shaped curve, where the minimum point represents the optimal combination of inputs that the firm should choose to produce a given quantity of output.
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.Which of the following are COVERED by renters insurance?a. small alterations/additions you've made to your rental at your own expenseb. the building you live in , or other structures on the propertyc. personal belongingsd. additional living expenses due to "loss of use" (like paying for a hotel if you can't stay in your apartment)
Renters insurance is designed to provide financial protection to tenants in the event of unexpected losses or damages. The policy generally covers personal belongings such as furniture, clothing, electronics, and other items in case they are damaged or stolen.
Additionally, renters insurance can cover additional living expenses like hotel bills and meal expenses in the event of displacement due to a covered loss. However, renters insurance typically does not cover the building itself or other structures on the property.
It is important to note that renters insurance policies may vary by provider and location, so it is important to carefully review the terms and conditions of the policy to understand exactly what expenses are covered.
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Which concept is NOT basic to definition of economics?
O Choice
O Bartering
O Rational self-interest
O Scarcity
Answer:
O Rational self-interest
Explanation:
Company: Medicine - COVID Vaccine.
Type in the Mission Statement:
What is the reasoning of the mission statement? Explain and elaborate.
Type in the Core Values:
What is the reasoning of the core values? Explain and elaborate.
Mission Statement: Our company aims to provide effective and accessible COVID-19 vaccines to all individuals who need them around the world.
We are committed to conducting thorough research and development to ensure the safety and efficacy of our vaccines and to collaborating with healthcare professionals, policymakers, and communities to ensure equitable distribution and administration of our products.
Integrity - We uphold the highest ethical standards in all our actions, decisions, and interactions. We are transparent and honest in our communications and operations. We prioritize the safety and well-being of our patients and employees above all else.
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On February 15, Jewel Company buys 7,000 shares of Marcelo Corp. common stock at $28.53 per share. The stock is classified as a stock investment with insignificant influence. This is the company’s first and only stock investment. On March 15, Marcelo Corp. declares a dividend of $1.15 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.30 per share. The journal entry to record the sale of the 3,500 shares of stock on November 17 is:
The journal entry to record the sale of the 3,500 shares of stock on November 17 is as follows:
Debit Cash $102,550
Credit Investment in Marcelo Corp $99,855
Credit Gain from Sale of Investment $2,695
Data and Calculations:
February 15: Investment in Marcelo Corp $199,710 Cash $199,710 ($28.53 x 7,000)
April 15 Cash $8,050 Dividends Receivable $8,050
November 17: Cash $102,550 Investment in Marcelo Corp $99,855 Gain from Sale of Investment $2,695
Thus, the journal entry to record the sale of 3,500 shares is a debit to Cash, a credit to Investment, and a credit to Gain from Sale of Investment.
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any paid form of nonpersonal communication about an organization, a product, a service, or an idea by an identified sponsor is called ____. (enter one word in the blank.)
Any paid form of nonpersonal communication about an organization, a product, a service, or an idea by an identified sponsor is call advertising.
Advertising refers to any paid form of nonpersonal communication that promotes an organization, product, service, or idea. It involves the use of various media channels to deliver messages to a target audience.
Advertising is typically carried out by an identified sponsor, such as a company or brand, and aims to influence consumer behavior, build brand awareness, and generate sales or support for a particular offering.
The purpose of advertising is to create a persuasive and impactful message that captures the attention of the target audience. It employs techniques such as creative visuals, compelling copywriting, strategic placement, and targeted messaging to effectively convey the desired message to consumers.
Advertising can take various forms, including television commercials, print advertisements, online banner ads, social media promotions, outdoor billboards, radio spots, and more. It plays a significant role in marketing and communication strategies.
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What is an example of a mixed market economy?
It United States is used as an illustration of a mix market economy in the statement.
What defines an economy?Any economy is a collection of interdependent processes of creation and consumption that actually determine whether resources are split within a community. The interests that persons who live there and conduct business there are met by creation & consumption of items and services in general.
What are examples of economy?The well example about an economy is the that has, which leverages a nation's customs as history to influence the creation & sale of merchandise. A traditional economy's major cornerstones are agriculture, fishing, and hunting.
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WILL BE MARKED BRAILIEST!!
3.A company sees that sales of its speakers have decreased over the past
120 days. Its most likely option is to first
design a market research plan
visit some stores selling the product
stop production of the product
lower prices and see what happens
Answer:
They company goes out of business?
Explanation:
In a dual agency relationship the brokerage firm and its agents can do all of the following for the seller and the buyer EXCEPT?
a. explain closing costs and procedures.
b. Prepare a purchase contract for the buyer.
c. Assist in arranging property inspections for the buyer.
d. Recommend or suggest a price the buyer should offer on a property.
In a dual agency relationship, the brokerage firm and its agents can do all of the following for the seller and the buyer except d. Recommend or suggest a price the buyer should offer on a property.
Dual agency occurs when the same brokerage represents both the buyer and the seller in a real estate transaction. While the brokerage and its agents can provide guidance on closing costs and procedures, prepare purchase contracts, and assist in arranging property inspections, they cannot recommend or suggest a price for the buyer to offer on a property. This is because it would create a conflict of interest, as the brokerage is representing both parties and should remain neutral in negotiations.
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the central bank can reduce the level of credit by
Answer:it can increase the reserve requirements
Explanation:
27. Many organizations do not have a formal trouble reporting system. Why do you think this is the case?
Many organizations may not have a formal trouble reporting system for several reasons. One primary factor could be a lack of awareness regarding the benefits of such a system. Organizations might underestimate the importance of tracking and resolving issues in a systematic manner, which could lead to inefficiencies and dissatisfaction among employees and stakeholders.
Another reason could be the perceived complexity and cost associated with implementing a formal trouble reporting system. Organizations might assume that setting up such a system requires significant resources, both in terms of time and financial investment. This perception might discourage them from establishing a systematic approach to handling issues. Additionally, some organizations may rely on informal methods of reporting trouble, such as personal communication or ad hoc meetings, believing that these are sufficient for addressing problems. In reality, these methods may not be as effective as a formal system in terms of providing transparency, accountability, and traceability. Lastly, organizational culture and resistance to change could also play a role. Employees and management might be accustomed to existing processes and resistant to adopting new systems, especially if they believe that current methods are working well.
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_____ means to produce in the amounts needed, when needed and where needed using a single unit flow.
a. built in quality
b. process improvement
c. stable environment
d. just in time
The term just in time (JIT) means to produce in the amounts needed, when needed, and where needed using a single unit flow. The correct option D.
Just in time is a production strategy that focuses on reducing inventory costs and waste by producing goods exactly when they are required in the production process.
This approach allows companies to minimize the amount of inventory they hold, which in turn reduces storage costs and the risk of having obsolete inventory.
The just in time method relies on accurate forecasting of demand and efficient communication between suppliers, manufacturers, and distributors to ensure that the right materials are available at the right time for production. This strategy contributes to a more efficient and lean production system.
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List qualities a good manager should have. What are the advantages and drawbacks of being in a position of authority?The qualities of a good manager are:The advantages of being a manager are:The drawbacks of being a manager are:
Full-service brokerage firms
a. have lower commissions.
b. offer portfolio management.
C.provide no investment advice.
d. teach you how to do market research.
Please select the best answer from the choices provided
A B C D
Answer:
b. offer portfolio management.
Explanation:
When the brokerage firms provide full service so they would offer the portfolio management that means it manages the portfolio so that the risk could be minimized and returns could be high via investing the securities in different places rather investing at one place
Therefore option B is correct
true or false: an internal control goal for cash receipts is to ensure that the business documents the correct amount of cash received and safely depo
The goal of cash receipt controls is to make sure that all money—checks, coins, currency, and credit cards—is properly recorded and deposited on time.
What exactly are internal controls for payments and cash receipts?
To control cash exchanges, associations ought to take on a portion of the accompanying practices: Use a lockbox to accept cash payments from customers, separate duties, keep all cash and assets safe, and require background checks for employees.
What are the four cash-related internal control measures?
Cash is subject to four internal control measures. The separation of duties, the use of written protocols, background checks on employees, and storing assets and cash in safe places are examples of these.
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