Answer:
Shortage
Explanation:
Then it is a situation of shortage because when there is more demand but supply is less then the difference between the demand and supply is called the shortage. Thus, excess demand over supply creates the shortage in the market.
For a downward-sloping demand curve, all other things remaining constant, a rightward shift of the supply curve _____
Answer:
Increase equilibrium quantity and equilibrium price would fall
Explanation:
A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.
Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :
1. A change in the price of input
2. A change in the number of suppliers
3. Government regulations
Equilibrium price is the price at which quantity demand equal quantity supplied.
If there is a rightward shift of the supply curve, it means that there is an increase in supply. As a result, there would be an increase equilibrium quantity and equilibrium price would fall.
According to ______, market participants immediately change their actions in response to anticipated price-level changes, such that no changes in real output occur.
Answer:
rational expectations theory
Explanation:
Rational expectations theory is the tendency of people to behave in a rational manner when presented with economic decisions. It is a widely used theory in economics.
It's states that decisions are made primarily on the basis of information available to them, human rationality and past experience.
So when market participants immediately change their actions in response to anticipated price-level changes such that no changes in real output occur, they are acting according to the rational expectations theory
ike started a calendar-year business on September 1st of this year by paying 12 months of rent on his shop at $650 per month. What is the maximum amount of rent that Mike can deduct this year under each type of accounting method
Answer:
$7800 under the cash method and $2600 under the accrual method
Explanation:
Calculation to determine the maximum amount of rent that Mike can deduct this year under each type of accounting method
UNDER THE CASH METHOD
Cash method=$650*12
Cash method=$7800
UNDER THE ACCRUAL METHOD
Accrual method =4 months*650
Accrual method =$2600
(September 1st to December 31st =4 months)
Therefore the maximum amount of rent that Mike can deduct this year under each type of accounting method is :$7800 under the cash method and $2600 under the accrual method
In 1995, Mexico joined NAFTA. U.S. tariffs on imports from Mexico and Mexican tariffs on imports from the United States are gradually being removed. How have the quantity of U.S. exports to Mexico and the U.S. government's tariff revenue from trade with Mexico changed?
Answer:
a) Increase in export
b) decrease in Tariff revenue
Explanation:
a) The Quantity of U.S exports to Mexico will increase due to the decrease in market price of goods imported from US to Mexico which is occasioned by the removal of Mexican tariffs on imports from the United states .
b) The US tariff revenue from trade with Mexico will decrease drastically
Import Tariffs are one of the ways Government generates revenue for the economy hence when these tariffs are removed the revenue generated will be non-existent .
Assuming all other factors remain constant, if fixed costs increase, then the break-even point will:
Answer:
Results are below.
Explanation:
To calculate the break-even point, the following formula is required:
Break-even point in units= fixed costs/ contribution margin per unit
Contribution margin per unit= selling price - unitary variable cost
If the fixed costs increase and the unitary contribution margin remains constant, the company would have to sell a larger amount of units to cover the fixed costs.
For example:
Fixed costs0= 120,000
Fixed costs 1= 140,000
Unitary contribution margin= 40
Break-even point in units= 120,000/40= 3,000
Break-even point in units= 140,000/40= 3,500
A Target retail store in Phoenix, Arizona stocks CDs with Spanish-speaking singers because its shoppers want to buy this type of item, even though the typical Target store does not stock this item. This is an example of:
Answer:
Managing diversity.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
The example in this scenario depicts managing diversity because the product isn't tailored to a particular language rather it's multilingual.
Swifty Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value basis in valuing inventories. Product Cost Net realizable value A $112000 $122000 B 84000 76000 C 153000 156000 If Swifty applies the LCNRV basis, the value of the inventory reported on the balance sheet would be $354,000. $362,000. $341,000. $349,000.
Answer:
$341,000
Explanation:
Calculation to determine what the value of the inventory reported on the balance sheet would be
Inventory value=$112000+ 76000+153000
Inventory value=$341,000
Therefore If Swifty applies the LCNRV basis, the value of the inventory reported on the balance sheet would be $341,000
On a production possibilities curve, a change from economic inefficiency to economic efficiency is obtained by a) movement along the curve b) movement from a point outside the curve to a point on the curve c) movement from a point inside the curve to a point on the curve d) a change in the slope of the curve
Answer:
c) movement from a point inside the curve to a point on the curve.
Explanation:
Option C is correct because the production possibilities curve shows the combination of goods produced by the economy efficiently and any point inside the curve shows the inefficiency of the economy while the point outside the curve shows that the economy can not achieve it. Therefore, change in economic inefficiency to efficiency leads to move point from inside to the point on the curve.
Mr. Grove is particularly concerned about the best policies for creating good-paying jobs in the United States. He noted there is a lot of awareness of, and thus funding going toward, starting new companies in the U.S. What does he think is a better use of the financial resources of the United States in this regard
Answer: incentives to invest in large-scale projects built within the U.S., such as building batteries for electric cars.
Explanation:
An incentive is the “cash or near-cash assistance that's provided in order to either retain or attract business operations.
Following the information given in the question, Mr Grove believes that incentives to invest in large-scale projects built within the U.S., such as building batteries for electric cars will be a better use of the financial resources of the country.
If a family planned to spend $370 for food during March but only spent $348, this difference would be referred to as a:
Answer:
Surplus
Explanation:
Given:
Family planned to spend = $370
Amount spend = $348
Find:
Amount of surplus
Computation:
Amount of surplus = Family planned to spend - Amount spend
Amount of surplus = $370 - $348
Amount of surplus = $22
A surplus is the quantity of an item or resource that is greater than the amount that is actively used.
Because of vast differences between different regions, multinational corporations often use ______ departmentalization.
Answer:
geographic departmentalization.
Explanation:
It is correct to say that multinational corporations tend to use geographic departmentalization due to the large differences between different regions.
The geographic departmentalization corresponds to a strategy where a company uses a form of structure oriented to a region, that is, it allows the operationalization to be more effective in a region that has greater demand or needs a physical office to better and faster service its customers.
9. A necessary condition for international portfolio diversification to be beneficial is that: a. The various national market returns exhibit low correlation. b. The various national market returns exhibit high correlation. c. The various national market returns are perfectly positively correlated. d. The various national market returns exhibit correlations that are non-unity. e. The various national market returns are perfectly negatively correlated.
Answer:
A
Explanation:
International portfolio diversification is the process by which an investor diversifies her portfolio by holding both domestic and foreign assets in her portfolio. The aim of this strategy is to reduce the risk of the portfolio.
Correlation is a statistical measure used to measure the relationship that exists between two variables.
1. Positive correlation : it mean that the two variables move in the same direction. If one variable increases, the other variable also increases.
For example, there should be a positive correlation between quantity supplied and price
When there is a positive correlation, the graph of the variables is upward sloping
2. Negative correlation : it mean that the two variables move in different direction. If one variable increases, the other variable decreases.
For example, there should be a negative correlation between quantity demanded and price
When there is a negative correlation, the graph of the variables is downward sloping
3. Zero correlation : there is no relationship between the variables
For an international diversified portfolio, the optimal situation is for the domestic and foreign investments to have little or no correlation
A corporation that owns brands that offer clothing at different prices is ___________ its brands at different pricing levels.
Answer:
promoting
Explanation:
There are two types of customers in market. Bullish customers prefer to pay high amount for product just for brand name and Bearish customers prefer to get lowest possible quote for a product. It is business strategy to promote their product to both the customers.
Knowledge Check 01 Cost-volume-profit analysis is used to predict how changes in _____ levels affect profit. multiple choice fixed and variable production and sales costs and sales sales and production
Answer:
High
Explanation:
because the change of volume profit is always increase.
Luebke Incorporated has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $55,000 and at the end of the month was $30,300. The cost of goods manufactured for the month was $213,500. The actual manufacturing overhead cost incurred was $55,900 and the manufacturing overhead cost applied to Work in Process was $59,200. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. The adjusted cost of goods sold that would appear on the income statement for November is:
Answer:
234,900
Explanation:
Calculation to determine what The adjusted cost of goods sold that would appear on the income statement for November is:
First step is calculate the Over applied overhead
Over applied overhead = $59,200-$55,900
Over applied overhead = 3300
Second step is calculate the Unadjusted cost of goods sold
Unadjusted cost of goods sold = 55000+$213,500-30,300
Unadjusted cost of goods sold= 238,200
Now let determine the Adjusted cost of goods sold
Adjusted cost of goods sold = $238,200-3300
Adjusted cost of goods sold= 234,900
Therefore The adjusted cost of goods sold that would appear on the income statement for November is:234,900
Under a fixed exchange rate regime, the government of the country is officially responsible for ___
Answer:
D. all of the above
Explanation:
THESE IS THE COMPLETE QUESTION BELOW;
Under a fixed exchange rate regime, the government of the country is officially responsible for
A) intervention in the foreign exchange markets using gold and reserves.
B) setting the fixed/parity exchange rate.
C) maintaining the fixed/parity exchange rate.
D) all of the above.
A fixed exchange rate can be regarded as regime that is been applied by either government or central bank , which is responsible for tieing official currency exchange rate of a country to that of another currency of a country or the price of gold. Government use fixed exchange rate system to keep within a narrow band the value of currency. It should be noted that Under a fixed exchange rate regime, the government of the country is officially responsible for;
✓ maintaining the fixed/parity exchange rate.
✓intervention in the foreign exchange markets using gold and reserves.
✓setting the fixed/parity exchange rate.
Scope describes the full length of time required to complete a project. Group of answer choices True False
Answer:
False
Explanation:
Project scope can be regarded as part of project planning which involves determining as well as documenting listed particular project , tasks, deadlines as well as goals and the cost and deliverables. The documentation of scope of a project is is called a scope statement, this elaborate the boundaries of the project as well as establishment of responsibilities that is required by each team member, then
sets up procedures for verification and approval of of completed work. The scope shed light clearly on project goals which are measurable
realistic and obtainable, it it gives a clear vision and specifies about what is expected as well as when it is expected, and the exoected cost, it also specifies the deliverables as well as milestones and needed resources.
Rather than have the top level of management make all the decisions, Jake's company gives all lower-level managers the authority to make decisions for his or her department. Jake's company operates as a(n) ______ organization
Answer:
Decentralised organisation
Explanation:
Decentralised organisation are those in which most of the authority to perform tasks is given to.lower level management or even individual teams.
This results in a system where decisions are made faster.
Also a small amount of control is maintained for major decisions.
In the given instance Jake's company gives all lower-level managers the authority to make decisions for his or her department, this is a decentralised organisational system
Al works for a company that books vacation rentals. He is a competitive person, so he needs to feel like he can bring in more customers and book more rentals than the other employees. When he is able to book more rentals than his co-workers, he feels a high level of self-respect as well as respect from others. This scenario describes how Al fulfills his ________ needs.
Answer:
esteem.
Explanation:
In 1943, Abraham Maslow a humanist psychologist in his work titled "A theory of Human Motivation" stated that five categories of human needs influences or impact the behavior of an individual.
Maslow's Hierarchy of Needs can be defined as a pyramid model which typically represents the fundamental or basic needs of an individual that are necessary and required to be met before he or she can achieve complete growth, development and self-actualization
Basically, the five (5) human needs include;
I. Physiological needs.
II. Safety needs.
III. Love and belonging needs.
IV. Esteem needs.
V. Self-actualization needs.
According to the hierarchy of needs, the esteem needs comprises of strength, confidence, respect from others, self-belief, accomplishment, self-worth, physical and social acceptance, self-respect, etc.
Hence, this scenario describes how Al fulfills his esteem needs.
The Federal Reserve mandates banks to deposit a certain percentage of their ______ as required reserves at their regional Federal Reserve Bank.
Answer:
deposits
Explanation:
What are the effects on U.S. imports and exports when the U.S. experiences economic growth stronger than its major trading partners
Answer:
Imports will increase
Explanation:
Exports provide money into the system, increasing the GDP of the exporting country. If a country imports items, it does so from outside manufacturers. The money that is spent on imports departs the economy, lowering the GDP of the importing country.
Imports will rise if the United States' economic growth outpaces that of its main trade partners.
The combination of media, Internet, entertainment, and phone services into a single device illustrates the principal of
Answer:
digital convergence.
Explanation:
Digital convergence corresponds to a technology that guarantees the possibility of multimedia access to a single device such as a smartphone, which has text, photo, video, audio functions in one device, making access easier, simpler and faster.
It is possible, for example, to answer a work email while listening to music, all done through your cell phone.
_______________ target ultimate consumers while _______________ target members of the marketing channel.
Answer:
b
Explanation:
bc
What method is generally preferred to resolve contract disputes because it saves time, money, and preserves relationships between the parties
Answer:
Alternative dispute resolution
Explanation:
Alternative dispute resolution is that way that a better alternative is chosen in resolving legal issues in civil and and commercial disputes without going to court.
This is less cumbersome, expensive, and time consuming.
There are 4 types of alternative dispute resolution: mediation, settlement, arbitration, and neutral evaluation.
Usually a third party is involved and acts as an umpire to ensure all parties are satisfied
XBRL assurance is generally expected to include all of the following except: Multiple Choice Assurance that the most current, standardized XBRL taxonomy is used. Assurance that the underlying financial and nonfinancial data that is used in XBRL tagging is reliable. Assurance that the XBRL tagging is accurate and complete. Assurance that reports include all relevant financial and nonfinancial information.
Answer:
Assurance that reports include all relevant financial and nonfinancial information.
Explanation:
XBRL assurance can be regarded as opinions of auditor on a financial statement or other business report that is published in XBRL, this opinions of the auditors allows to know whether these published report or statement is
complete, relevant or accurate and fairly presented. An XBRL reportcan be regarded as "instance" and it is is an electronic file. It should be noted that XBRL assurance is generally expected to include all of the following
✓Assurance that the XBRL tagging is accurate and complete.
✓Assurance that the most current, standardized XBRL taxonomy is used.
✓Assurance that the underlying financial and nonfinancial data that is used in XBRL tagging is reliable.
A market situation where all participants have an incentive to exploit a resource yet no one can limit anyone else's access to that resource, resulting in over-exploitation, can be described as a(n)
Answer:
Tragedy of the Commons
Explanation:
The tragedy of the commons refers to a situation where the individual could access to the resources that are shared for their own interest.
So it is the market situation where the participant expolited the resources also there is no limited for accessing the resources
So the above term should be considered for the given situation
define business systems
Answer:
In business terminology, a business system refers to the value-added chain, which describes the value-added process, meaning the supply of goods and services. A business can span one or several business systems. Each business system, in itself, generates economic benefit.hope it helps.stay safe healthy and happy...One of the big strategic issues in expanding internationally is Multiple choice question. determining whether to employ an international or global strategy in the early stages of entering a company's largest foreign markets. how much to charge for licensing a company's brand in a foreign market. customizing products in each country market to match preferences of local buyers versus competitive pressure to keep costs down. adapting to language differences.
Answer:
Customizing products in country markets for local buyers versus competitive pressures to keep costs down.
Explanation:
International expansion strategies can be regarded as formal as well as multi-level strategic plans which is been used by businesses to enter an overseas market as well as establishing a growing presence, so they can become profitable in quick to time. It is a competitive analysis that is used in vetting the business offerings as well as operations of a company against industry competition as regards new market. In this competitive pressures is one of those things to consider this range from how to keep the price balance, the product as well as services to meet up with compititive market, another one is Product Customization which involves delivering of customized goods/services to the customers base on their needs and desire.
It should be noted that One of the big strategic issues in expanding internationally is Customizing products in country markets for local buyers versus competitive pressures to keep costs down.
A couple wants to purchase a home for $286,000 with an 80% conventional loan for 15 years at 4% annual interest. The annual insurance premium will be 2% of the value of the home, and the ad valorem taxes are $7,161. The loan will require a monthly principal and interest payment of $4.77 for each $1,000 of the loan amount, and the lender will use 28/36 qualifying ratios. The property appraises for $286,000 and the couple has no other debts. How much verifiable gross monthly income will the couple need
Answer:
$7,731.43
Explanation:
Calculation to determine How much verifiable gross monthly income will the couple need
Gross monthly income=( $286,000 × 0.8) ÷$1,000*$4.77
Gross monthly income=$228,800 ÷ $1,000 × $4.77
Gross monthly income = $1,091.38;
Gross monthly income=$7,161+($286,000 × 0.02)/12
Gross monthly income=$7,161 + $5,720 ÷ 12 = $1,073.42;
Gross monthly income= $1,091.38 + $1,073.42
Gross monthly income= $2,164.80;
Gross monthly income=$2,164.80 ÷ 0.28
Gross monthly income= $7,731.43
_____ is an integrated system that collects and processes data and manages and coordinates resources, information, and functions throughout an organization.
Answer:
Enterprise resource planning is an integrated system that collects and processes data and manages and coordinates resources, information, and functions throughout an organization.
Enterprise Resource Planning (ERP) is an integrated system that collects and processes data and manages and coordinates resources, information, and functions throughout an organization.
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