Hi there, mate!
Answer:
a. A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.
Explanation:
As the name suggests, a price floor is the lowest amount of money the price of a good can be. For example, if you were selling a dress, there is a price floor. There is also a price ceiling. You can not go over the price ceiling if you want to get more customers. So, the answer to the question is option A.
Answer: The correct answer is A
Why are most cars manufactured in China?
Answer:
China remains the world’s largest automotive manufacturing country and automotive market since 2009. Annual vehicle production in China accounted for over 30 percent of worldwide vehicle production, which exceeds that of the European Union or that of the United States and Japan combined.
Explanation:
I found this on a website called statista.com I couldnt find why i am sorry
Nivea works for Bonbon, a fair-trade chocolate company based in California. In addition to being recognized for the delicious, low fat treats the company manufactures, Bonbon is also known for fair labor practices at its factories. When interviewed, 83% of the company's loyal customers said when they couldn't find Bonbon products for purchase in local stores, they ordered them online rather than buy substitute products.
Which type of brand loyalty is illustrated here?
Select one:
a. brand preference
b. brand competition
c. brand insistence
d. brand recognition
e. brand name
Answer:
c. brand insistence
Explanation:
Since in the given situation it is mentioned that the 83% of the loyal customers could not find the bonbon products at local stores so they will ordered online instead of purchasing the substitute goods as in the brand insistence refer the stage of the brand loyalty where the purchase would accept no alternatives and they will search for the particular brand only
Which of the following formulas determines the budgeted units to be produced? Expected Units to Be Sold – Desired Units in Ending Inventory + Estimated Units in Beginning Inventory Expected Units to Be Sold – Desired Units in Ending Inventory – Estimated Units in Beginning Inventory Expected Units to Be Sold + Desired Units in Ending Inventory + Estimated Units in Beginning Inventory Expected Units to Be Sold + Desired Units in Ending Inventory – Estimated Units in Beginning Inventory
Answer: Expected Units to Be Sold + Desired Units in Ending Inventory – Estimated Units in Beginning Inventory
Explanation:
To find out the units that should be produced, one should find out the number of units that they would want to sell. They should then add this to the number of units they would prefer to have as ending units that way after they sell the goods they want, they will still have the desired amount in inventory.
Seeing as there might be some goods in inventory called beginning inventory already, this should then be deducted from the above to see the number of units that should be produced in excess of these goods that are already in stock.
Suppose the dollar amount of the externality, per gallon of gasoline, is constant, regardless of how much gasoline is produced. Then the externality could be internalized if producers of gasoline were
a. required to pay a tax of $0.45 per gallon of gasoline sold.
b. provided a subsidy of $0.45 per gallon of gasoline sold.
c. required to pay a tax of $0.30 per gallon of gasoline sold.
d. provided a subsidy of $0.30 per gallon of gasoline sold.
Answer:
a. required to pay a tax of $0.45 per gallon of gasoline sold.
Explanation:
The marginal external cost shows the difference between the private cost and the social cost. Also it should be the tax imposed amount. In the given case, the value is of $0.45 this represent that there is the tax of $0.45 that should be imposed on the producers in order to internalize the external cost
Therefore, the option a is correct
A tenant rents an apartment under a two-year written lease. Three months after signing the lease, the tenant is transferred to another country for a year. During this period, the tenant leases the apartment to a friend. The friend mails monthly rent checks to the tenant, who continues to make monthly rental payments to the landlord. In this situation, the tenant's friend has
Answer:
Sublease
Explanation:
A sublease is the renting of the property again from a tenant that already rented to someone else before but now it is rented to the third party i..e new for the portion of the existed lease contract of the tenant
Since in the given situation, the tenant lease the apartment to the friend. And the monthly rental payment is to be made to the landlord
So this given situation represent the sublease scenario.
Say that a company has treated you unfairly or dishonestly. Which of the following options could help you resolve the issue? I. Report them to the Better Business Bureau. II. Speak to their corporate consumer department. III. Seek the help of the Department of HHS. a. I and II b. II and III c. I and III d. II only
Answer: c. I and III
Explanation:
Dishonesty in business is a very big issue as it can lead to mistrust and can damage the reputation of a business which would affect profitability. If a company has treated you dishonestly and unfairly, it is prudent that you report the activity to their corporate consumer department which acts as an oversight body for such actions.
You should then report them to the Better Business Bureau if you are not satisfied so that the BBB can make sure that others are not treated as unfairly as you have been by marking the company down.
Answer:
C: I and III
Explanation:
edge 2021
Adrianne is a package delivery service manager. She is interested in implementing ________, the management philosophy pioneered by Frederick W. Taylor and Frank and Lillian Gilbreth, which scientifically studies work methods to improve the productivity of individual workers. In this particular case, Adrianne will study the routes that drivers take through a congested to city in order to identify ways that delivery staff can make the most deliveries in each two-hour period. Group of answer choices quantitative management contingency management management science human relations management scientific management
Answer:
scientific management
Explanation:
Scientific management represent the management theory in which the analysis is done with respect to the workflow. Its main purpose to improve out the economic efficiency and the labor productivity.
So as per the given situation since adrianne will have to study the routes so that the delivery staff could able to make the most deliveries in two -hour period due to which the productivity could be increased
Frictional unemployment is inevitable because: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices many wages are above the equilibrium wage for that market. the expansion phase of the business cycle leads to increases in unemployment. the recession phase of the business cycle leads to increases in unemployment. new workers are constantly entering the job market, and jobs are constantly created and destroyed.
Answer:
a
Explanation:
quizlet
The systems viewpoint sees organizations as entities made up of four interrelated parts known as Group of answer choices inputs, outputs, transformation processes, and feedback. planning, design, inputs, monitoring, outputs, and follow-up feedback. vision, planning, design, production, monitoring, and follow-up feedback. planning, inputs, monitoring, outputs, and feedback. planning, design, monitoring, production, and feedback.
Answer:
inputs, outputs, transformation processes, and feedback.
Explanation:
The viewpoint of the system that could see the organziation as the entities as they should be made of the input as the raw material, output as the finished product, transformation process as when the raw material is converted into the finished product and the feedback as the client feedback related to the product and service
So as per the given situation the above should be the answer
Bil Tarnofsky makes the following statement: 'We must become more flexible if we are to meet our personnel needs and maximize efficiency. In the past, we simply hired as many full-time employees as we thought we needed. But this focus has caused us to lose many valuable employees. We should offer flextime and job sharing options to help us keep and attract talented employees. "Margaret Robin responds by saying "Alternatives to traditional job design approaches can lead to significant cost savings. Next year we are expected to have 500 more employees than our current facility allows, but my analysis reveals that 600 of our employees could telecommute. Therefore, we can avoid costly actions such as moving our offices or building extensions if these workers became telecommuters, job sharing can also reduce facility costs as well as payroll costs. Tamnofsky and Robin would be most likely to disagree about which of the following questions?
A. Would telecommuting likely lead to cost savings?
B. Does the organization have a moral obligation to offer flextime and job sharing options?
C. If offering a job sharing option would not reduce costs, should the organization still offer it?
D. Would the organization be better able to keep valuable employees if it offered flextime and job sharing options?
E. Are any other organizational structure decisions important for the future of the organization?
Answer:
C. If offering a job sharing option would not reduce costs, should the organization offer it?
Explanation:
The statement Bil Tarnofsky makes is focused on retaining talented employees and attract new talented employees, by offering flextime and job sharing options
The statement Margaret Robin responds with is the use of alternative job design, such as telecommuting could achieve higher cost savings from the need to accommodate the 500 more employees, by moving the offices and expanding the buildings, in the coming year
Tamnofsky and Robin would be most likely to disagree on the different focus of their statements which are; If offering a job sharing option would not reduce costs, should the organization offer it?
An interest-free period during which a credit card owner can pay off a balance
without having to pay finance charges is called a
A. grace period
B. minimum monthly payment
o
C. billing cycle
a
D. finance charge
g turing facilities in Asia. Emerson needs to build a new manufacturing facility to produce automotive parts for cars manufactured in Detroit. Emerson executives are considering whether to build the new facility in China or in the United States. Which of the following, if true, undermines the argument to build a new Emerson facility in China? A. Fuel costs in China have risen sharply and are not expected to drop. B. China has committed over $500 billion to infrastructure projects. C. U.S. firms continue outsourcing service jobs despite the economy. D. China is the world's largest exporter of manufactured goods.
Answer: A. Fuel costs in China have risen sharply and are not expected to drop.
Explanation:
The main reason that companies would want to invest in another country and set up factories there for production, is usually because of the cost savings that it would enjoy doing so.
China offers a lot of cost savings to manufacturers such as with labor and material but if it is found that fuel costs have risen sharply and will not drop anytime soon, production in China will become more expensive and might dissuade companies like Emerson from setting up shop there.
Name any FIVE causes of stress in the workplace
Answer:
1. long hours
2. tight deadlines
3. heavy workload
4. changes to duties
5. job insecurity
The accounts of Melissa Manufacturing showed the following balances at the beginning of December: Account Debit Raw Materials Inventory $59,000 Work-in-Process Inventory 75,000 Finished Goods Inventory 30,000 Manufacturing Overhead 24,000 The following transactions took place during the month: December 2: Issued direct materials $39,000 and indirect materials $6000 to production. December 15: Incurred $5000 and $4000 toward factory's direct labor cost and indirect labor cost, respectively. What should be the balance in the Work-in-Process Inventory following these transactions
Answer:
$120,000
Explanation:
Calculation to determine What should be the balance in the Work-in-Process Inventory following these transactions
Beginning balance in WIP $75,000
Add: Direct materials transferred $39,000
Direct factory labor cost $6,000
Ending balance $120,000
($75,000+$39,000+$6,000)
Therefore What should be the balance in the Work-in-Process Inventory following these transactions is $120,000
Jon enjoys fishing (which costs $20) and golf (which costs $30) and has $140 to spend each month on these activities. Last month, Jon fished four times and golfed twice. The last fishing outing provided Jon a marginal utility of 50, and the last round of golf provided a marginal utility of 120. What is Jon's marginal utility per dollar spent on the last time fishing
Answer:
Fishing - 2.5 and Golfing - 4
Explanation:
Calculation to determine What is Jon's marginal utility per dollar spent on the last time fishing and golf
Last fishing outing produced =50 / $20
Last fishing outing produced = 2.5 units of utility per dollar.
Last round of golf provided= 120 / $30
Last round of golf provided= 4 units of utility per dollar
Therefore Jon's marginal utility per dollar spent on the last time fishing and golf is Fishing - 2.5 and Golfing - 4
Elizabeth and Niko are very organized and do an excellent job organizing their personal financial records. How will this BEST help them when they file their taxes?
Answer:
They will get faster responses.
Which of the following statements best characterizes the bottom line of security for e-commerce?
A) Good security is expensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
B) Good security is inexpensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
C) Good security is expensive but crítical, and it is the responsibility of the business to ensure that the customer's private information is secure.
D) Good security is inexpensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.
Answer:
Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure. C
Explanation:
Brothers Tim and Jim Shanton have asked you, their financial advisor, to settle a friendly quarrel between them. Tim argues that a Roth IRA and a traditional IRA are actuarially equivalent if $4,000 is available for investing on a before-tax basis, contributions to the traditional IRA are deductible, tax rates are expected to stay the same, and both have the same interest rates. So, it makes no difference which vehicle one uses to save for retirement. Jim insists that a Roth IRA is the better investment. You tell them
a. Tim is wrong; the tax deduction available for a traditional IRA allows more money to work for the contributor
b. Jim is wrong; at least for some low income individuals, the traditional IRA is a better investment because of their relatively lower tax rates
c. Tim is right; the two investments are equivalent in every respect when considered at the end of an investment horizon at least 10 years long
d. Jim is right; the ability to make tax-free withdrawals from Roth IRA gives a greater return even when contributions and interest rates are equivalent over time
e. both are right; the two investments are actuarially equivalent, but absence of a minimum distribution date and more liberal penalty-free withdrawal options may make the Roth IRA more attractive
Answer: E. both are right; the two investments are actuarially equivalent, but absence of a minimum distribution date and more liberal penalty-free withdrawal options may make the Roth IRA more attractive.
Explanation:
First and foremost, actuarially equivalent simply means a benefit that is of equivalent value, but which has a different payment form to a specified benefit.
From the information that's given in the question, we can deduce that both of them are right as the two investments are actuarially equivalent, but there's an absence of a minimum distribution date and more liberal penalty-free withdrawal options may make the Roth IRA more attractive.
Therefore, the correct option is E.
Current assets include a.cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business, whichever is longer. b.plant assets. c.assets that are expected to serve the business for many years. d.cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business, whichever is shorter.
Answer:
d.cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business, whichever is shorter.
Explanation:
outline any 5 disadvantages of Eskom as a monopoly
Answer:
Eskom is the electricity provider of South Africa and is a monopoly because it is the only company allowed to provide power.
The disadvantages of Eskom being a monopoly are:
1. Higher prices for Customers
Because Eskom is a monopoly and does not compete with other utility companies, it can charge higher prices as there is no alternative.
2. Less Productive efficiency.
There is no competition so Eskom does not see the need to become more efficient and produce electricity better because they don't have to compete with anyone to improve their efficiency so that customers are not taken from them.
3. Less willingness to cut costs
Eskom might have high costs which makes it expensive to run but they won't bother cutting these costs because as the only provider, there is no need to cut costs to improve profitability if you can just increase prices instead.
4. Less incentive to invest in new technology
Again there is no need to compete so Eskom will not see much of a need to invest in technology which would give it an edge over competitors because there simply aren't any competitors.
5. Consumers have less choice.
Eskom is the only producer so South Africans can't simply switch to another provider. They have no choice but to accept Eskom.
In his backyard, a homeowner unwittingly built a garage that encroached two feet across the property line onto property owned by his neighbor. The next year, the homeowner discovered his error in the course of selling his property to a buyer. After the sale, the neighbor learned of the encroachment of the garage onto her property and sued the homeowner for damages and trespass. In this action, will the neighbor prevail
Answer: C) Yes, because the homeowner knew where the garage was located when he built it, even though he did not know where the property line was.
Explanation:
Encroachment refers to a scenario where a property owner builds a structure on the land of their neighbor. If a structure on the property of this owner also extends into the property of the neighbor, this is also considered encroachment.
Encroachment can either be intentional or unintentional but either of them can result in the offender being penalized. In the case of an unintentional encroachment such as this scenario, the property owner would still get panelized for knowing about the location of the structure and how it could have been encroaching even if they did not know that it was in fact, encroaching.
Honest Tea's mission statement is "Honest Tea seeks to create and promote great-tasting, organic beverages. We strive to grow our business with the same honesty and integrity we use to craft our products, with sustainability and great taste for all." Additionally, the company uses only natural ingredients and promotes and practices fair trade with its suppliers. All of these combined suggests that Honest Tea is involved in which of the following sustainable marketing principles?
a Societal marketing
b Sense-of-mission marketing
c Customer-value marketing
d Consumer-oriented marketing
e Innovative marketing
Answer:
b Sense-of-mission marketing
Explanation:
This is the sustainable marketing principle that holds an organization also it defines the mission in social terms at broad level instead of the narrow terms of the product
Since in the question it is mentioned that the company used the natural ingredients and promotes the fair trades with the suppliers. So here it is the sense of mission marketing principle
Hence, the option b is correct
Gray uses Hofstede's cultural values that were discussed in Chapter 1 to:
a Set forth accounting values that can be used to define a country's cultural foundation with respect to financial reporting
b Set forth corporate governance provisions that define an ethical organization culture
c Define what is meant by the public interest in accounting
d Define what is meant by internal controls over financial reporting in a cultural context
Answer:
a. Set forth accounting values that can be used to define a country's cultural foundation with respect to financial reporting.
Explanation:
Gray Hofstede's presented six dimensions of cultural values. Power distance index, Individualism vs collectivism, Masculinity vs Femininity, Uncertainty Avoidance Index, Long term vs short term orientation, Indulgence vs Restraint. He used footing for comparing state based accounting values. He set accounting values to define a country's cultural foundation with respect to financial reporting.
Your classmates from the University of Chicago are planning to go to Miami for spring break, and you are undecided about whether you should go with them. The round-trip airfare is $600, but you have a frequent-flyer coupon worth $500 that you could use to pay part of the airfare. All other costs for the vacation are exactly $900. The most you would be willing to pay for the trip is $1,400. Your only alternative use for your frequent-flyer coupon is for your trip to Atlanta two weeks after the break to attend your sister's graduation, which your parents are forcing you to attend. The Chicago-Atlanta round-trip airfare is $450. Should you use the frequent flyer coupon to go to Miami?
Answer:
the answer is 5690$. I think so
Sally has a pizza restaurant and sells 30 pizzas for $5 each. Jim has a pizza restaurant around the corner from Sally, and he sells 30 pizzas for $5 each. If Sally and Jim both lower their price to $3, Sally’s customers will buy 60 pizzas, and Jim’s customers will buy 40 pizzas. The demand for Sally’s pizzas is more __________ than the demand for Jim’s pizzas.
Answer:
ELASTIC
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Sally
percentage change in quantity demanded : (60/30) - 1 = 1
percentage change in price : (3/5) - 1 = -0.4
Price elasticity = 1 / -0.4 = 2.5
Jim
percentage change in quantity demanded : (40/30) - 1 = 0.33
percentage change in price : (3/5) - 1 = -0.4
Price elasticity = 0.33 / -0.4 = 0.83
Sally's demand is elastic while Jims' is inelastic
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
URGENT.
True or false. The marketing department is the most important function in business.
Answer:
True
Explanation:
Without the marketing department the business is demolished
Answer:
The answer is true.
Explanation:
The marketing department is one of the most important things a business can do. Not only does marketing build brand awareness but it can also increase sales, grow businesses and engage customers.
On a base level, marketing is useful for customer education. The business owner and employees know the ins-and-outs of the product but do the consumers? In order to buy into a product, the audience needs to have a solid understanding of what it does and how it works. Marketing is the most effective way to communicate the value proposition to the customers in a fun and interesting way. If consumer education is a priority then marketing should be too.
Modern marketing is a less expensive game than ever before. Social media platforms and email campaigns have made reaching out to consumers a much more finance-friendly possibility. Smart marketing can help even the playing field when it comes to competing against big name competitors. Due to the smaller nature of their businesses, SMB leaders often have much more time to pay attention to every client individually via the various marketing platforms. Modern consumers value experience over pricing, so this kind of one-on-one interaction could push customers in your direction over bigger brands.
Marketing is meant to sustain a company’s presence – not remedy a lack of engagement. In this sense, marketing is something that businesses need to create and manage every day to maintain a healthy relationship with their consumers. Marketing is important because it allows businesses to maintain long-lasting and ever-present relationships with their audience. It is not a one-time fix, it is an ongoing strategy that helps businesses flourish.
Customer engagement is the heart of any successful business – this is especially true for SMBs. Marketing solves the question of how to keep a conversation going once the customer has walked out the door. In the past, face-to-face interactions made up much of B2C engagement. Consumers want to be engaged outside the store. This is where marketing comes in, and whatever the medium, a person can send their customers content to keep them engaged beyond store hours. The audience wants to form a relationship with your brand, and marketing can be used to do just that.
Marketing is important because it helps to sell your products or services. The bottom line of any business is to make money and marketing is an essential channel to reach that end goal. SMBs need to create fresh and inviting content to draw customers in and lead them to a purchase. Marketing helps sales and sales help your business.
Marketing is an important strategy to ensure the growth of a business. While the current customers should always be the main priority, marketing efforts can help to expand this base. Little efforts like social media posts and email campaigns can not only engage existing consumers but spread the word to new potential customers. In essence, marketing secures a business’s future through new and old customer engagement.
All of the following are reasons for countries to participate in foreign trade except: Multiple Choice it is just as easy to start a business overseas as it is in the U.S. some nations have resources, but not technological know-how; while others have know-how, but lack resources. even if a country were self-sufficient, other nations would seek to trade with that country in order to meet the needs of its own people. no nation can produce all of the products its people want and ne
Answer:
it is just as easy to start a business overseas as it is in the U.S.
Explanation:
Foreign trade is the exchange of goods and services across international borders.
For example, if a car is bought from china and brought into the US, foreign trade has occurred.
Foreign trade has two components :
import exportexport would comprise of goods and services produced in the US that are been sold to foreign countries
Import would comprise of foreign produced goods and services that are been sold in the US
Reasons for participating in foreign trade
According to economic theory, a country should specialise in the production of good for which it has a comparative advantage and import goods for which it does not have a comparative advantage in its production . A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.Some countries do not have the resources needed to produce all the goods needed e.g. some countries do not have crude oil and would have to import from oil producing countriesFor most countries, it is impractical to produce all the goods they need.Tax planning Question 6 options: guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk. ignores the source of income and concentrates solely on the amount of income. is primarily done by individuals with incomes below $200,000. is limited to reviewing income for the current year and determining how to minimize current taxes.
Answer:
guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk
Explanation:
Given that the purpose of Tax planning is to ensure that there is tax efficiency for the firm, in an after-tax evaluation, the goal of the firm in terms of returns or profits is toll achieved.
Hence, in this case, the correct answer to the question is that TAX PLANNING "guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk."
Why would a manager begin the evaluation process by asking the individual to evaluate his or her contributions to the project?
Answer:
To determine the employee's strengths and weaknesses
Explanation:
The reason a manager would begin the evaluation process of an employee by asking the individual to evaluate his or her contributions to the project is "to determine the employee's strengths and weaknesses"
This is a form of self-assessment to the employee. Hence, it allows the employer to let the employee know his current abilities and proficiency without the need for an appraiser or biased judgment.
For example, the self-assessment will include questions like "what are my strengths"
One of the problems associated with the utilitarianism is that it does not recognize that taxing those with higher incomes results in less work effort. each individual receives a different marginal benefit from a dollar's worth of income. equity is achieved when there is no poor and no rich. similar individuals should be treated the same.
Answer:
taxing those with higher incomes results in less work effort.
Explanation:
In normative ethics, utilitarian ethics (utilitarianism) can be defined as a theory of morality or ethical theory that typically involves engaging in actions that facilitate pleasure, joy or happiness while completely opposing any action capable of causing harm and unhappiness.
Basically, utilitarian ethics considers an action to be right or morally correct if it produces genuine happiness or joy in the mind of a large number of people in an organization, group or society.
The three (3) main principles (axioms) of utilitarian ethics (utilitarianism) include the following;
I. The only thing with an intrinsic value is pleasure or happiness.
II. If an action promotes happiness or pleasure, then it is right; it is wrong if it causes harm or unhappiness (sadness).
III. The happiness of everyone in a group or society should count equally.
One of the problems associated with the utilitarianism is that it does not recognize that taxing those with higher incomes results in less work effort.
