Answer:
Decreasing revenue
Explanation:
When the business are not able to maximise output from given inputs then they are not able to capture maximum revenue from the given inputs and hence their revenues are decreasing.
Therefore, decreasing revenue is the term used when businesses do not maximise output from given inputs
"In the recent years, prices of basic food commodities such as corn, rice, and wheat have increased sharply. An article in the Wall Street Journal stated that Chinese authorities were concerned that escalating prices would cause inflation and be followed by civil unrest. (Source: Wall Street Journal, February 20, 2011) If the Chinese government sets a price ceiling below the equilibrium price, the result will be to"
Answer:
C) create deadweight loss
Explanation:
A) increase total surplus.
B) eliminate deadweight loss.
C) create deadweight loss
D) increase surplus and create deadweight loss
Effects of a binding price ceiling
1. It leads to shortages
2. it leads to the development of black markets
3. it prevents producers from raising price beyond a certain price
4. It lowers the price consumers pay for a product. This increases consumer surplus
Deadweight loss is increases in economic inefficiency as a result of the price ceiling. Efficiency would occur because the market is not at equilibrium
Rita: The original purpose of government farm subsidy programs was to provide income stability for small family farmers. But most farm-subsidy money goes to a few farmers with large holdings. Payments to farmers whose income, before subsidies, is greater than $100,000 a year should be stopped.
Thomas: It would be impossible to administer such a cut-off point. Subsidies are needed during the planting and growing season, but farmers do not know their income for given calendar year until tax returns are calculated and submitted the following April.
Which one of the following, if true, is the strongest counter Rita can make to Thomas' objection?
(A) It has become difficult for small farmers to obtain bank loans to be repaid later by money from subsidies.
(B) Having such a cut-off point would cause some farmers whose income would otherwise exceed $100,000 to reduce their plantings.
(C) The income of a farmer varies because weather and market prices are not stable from year to year.
(D) If subsidy payments to large farmers were eliminated the financial condition of the government would improve.
(E) Subsidy cut-offs can be determined on the basis of income for the preceding year.
Answer: E. Subsidy cut-offs can be determined on the basis of income for the preceding year.
Explanation:
Since Thomas counters Rita's point stating that during the initial part of the season, subsidies are needed. On the other hand, the income for the year will be calculated when the year ends.
To counter Thomas, it should be noted that Rita can say that subsidy cut-offs can be determined on the basis of income for the preceding year.
Explain the difference between uninsured and underinsured.
Which expense category will most likely be changed to allow money for the purchase of a car?
O savings
groceries
Outilities
o entertainment
It is likely that the savings category will be changed to allow money for the purchase of a car.
What is saving?Saving refers to the act of setting aside a portion of income or resources for future use. It is a critical aspect of personal finance as it allows individuals to plan for their long-term financial goals and provides a safety net in case of unexpected expenses or emergencies.
Saving can be done in a variety of ways, such as opening a savings account, investing in stocks or other assets, or simply keeping cash in a safe place. The amount saved can be small or large, depending on one's income and financial goals.
Some people save for specific goals, such as a down payment on a house or a college education for their children, while others save to build an emergency fund or to save for retirement.
Learn more about saving, here
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Harriet Kirby, a fund raising manager at a women's rights organization, experienced a bad incident last year with the public relations manager of a banking company who had committed to sponsor a charity event. The bank backed out at the last minute. This year, when a renowned international bank executive showed interest in sponsoring the organization's upcoming annual event, Kirby rejected their participation. She felt that banks have a casual approach toward charity events and it is risky to involve them in the event. Which of the following best characterizes Kirby's decision?
A) selective perception
B) cognitive dissonance
C) self-serving bias
D) bandwagon effect
E) self-fulfilling prophecy
Answer:
A
Explanation:
selective perception is a form of bias when new information is interpreted in a way that conforms to existing values and beliefs.
A classmate excitedly tells you of what he believes to be a good deal. He goes on and on about signing up for a free 30-day trial of ad-free music on your smartphone. You decline the offer because you have seen deals like these before. You explain that while he might be enjoying the new Selena Gomez and Miley Cyrus tracks now, he needs to be sure to cancel before the trial is up. The music company is hoping that you will feel indebted to them for all the free music that was streamed and allow the payment to process. This is one application of the
Answer:
reciprocity principle
Explanation:
A reciprocity principle is a form of socio-psychological principle in which individuals generally tend to pay back in good, and in any form of capacity for whatever favor they receive.
Hence, in this case, the music company is hoping the the "reciprocity principle" will work on consumers that subscribe to free music as they might wish to give back to the company based on consumers feeling indebted to them for all the free music that was streamed
The 1974-1975 recession was a result of a: ANSWER Unselected supply shock that caused a leftward shift of the short-run aggregate supply curve Unselected housing bubble collapse that caused a leftward shift of the aggregate demand curve Unselected supply shock that caused a leftward shift of the long-run aggregate supply curve Unselected I DON'T KNOW YET
Answer: supply shock that caused a leftward shift of the short-run aggregate supply curve
Explanation:
One of the main causes of the 1974 - 1975 recessions was the raising of oil prices and then the subsequent oil embargo on the United States by Arab members of the Organization of the Petroleum Exporting Countries(OPEC).
OPEC did not like the support that the United States was giving Israel and so placed an embargo on the U.S. such that the U.S. could no longer get much oil from the Middle East which she heavily relied upon.
This reduced the supply of oil drastically to the U.S. and resulted in a supply shock that shifted the short run aggregate supply curve to the left to reflect the fuel scarcity and the effect it had on the economy as production slowed down.
20 air conditioning units for use in the international space station operated for 1,000 hours One failed after 200 hours and one after 600 hours
Answer:
.0153 failure/trip
Explanation:
Calculation to determine the Failure rate (FR)
First step is to calculate the FR(%)
FR(%)=2/20 (100%)
FR(%)=10%
Second step is to calculate the FR(N)
FR(N)= Failure/unit hr=2/[(20*1,000hrs)-(1,000 hrs+200 hrs)]
FR(N)= Failure/unit hr=2/20,000 - 1,200
FR(N)= Failure/unit hr=2/18,800
FR(N)= Failure/unit hr=000106
Now let determine the FR
FR = (.000106)(24hrs )(6 days/trip)
FR = .0153 failure/trip
Therefore the Failure rate (FR) is .0153 failure/trip
possible reasons for the poor performance of the monopolies
Answer:
Supply can be restricted to keep prices high. This leads to underprovision, or scarcity. Thus, according to general equilibrium economics, a monopoly can cause deadweight loss, or a lack of equilibrium between supply and demand.
Explanation:
help me now please and thank you
Answer:
3000
Explanation:
The Italy can produce 20 Gas turbines and 60 Tyres. France can produce 80 Gas turbines and 30 Tyres.
a). What is the opportunity
cost of producing Gas turbines in Italy? ______ tyres.
b). What is the opportunity cost of producing Tyres in
France ? _______ Gas turbines.
Answer:
1. 60 Tyres
2. 80 Gas Turbines
Explanation:
Given that the Opportunity cost is an economics term that is used in describing the cost of an alternative that must be forgone to continue or proceed with a certain activity.
Hence, in this case, considering the available information in the question, the correct answer is that the opportunity cost of producing Gas turbines in Italy is 60 Tyres.
At the same time the opportunity cost of producing Tyres in France 80 Gas turbines.
A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 400 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 20%, that electricity can be purchased at $0.10 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero.
Answer:
9241.08 Hrs
Explanation:
Calculation to determine Approximately how many hours per year will the solar panels need to operate to enable this project to break
Let n represent hour of operation per year for breakeven
Breakeven annual cost = Annual savings
$1,800,000 * (A/P, 20%,20) = 400 * n * 0.1
$1,800,000 * 0.205357 = 400 * n * 0.1
n = 369,643/ 40
n= 9241.075
n=9241.08 Hrs (Approximately)
Therefore Approximately how many hours per year will the solar panels need to operate to enable this project to break will be 9241.08 Hrs
Why is it hard to predict positive Moments of Reality (MORs)? A. Because they are negatively influenced by lifetime customer value. B. Because they differ by customer, and by time of year. C. Because most companies use moments of truth, which are in conflict with Moments of Reality. D.Because it is difficult to tell if a Moment of Reality is negative or positive.
Answer:
B. Because they differ by customer, and by time of year.
Explanation:
Moments of reality are hard to predict as it varies from customer to customer. All customers have different values and they rate a product or service according to their own values. Moments of reality can be positive or negative and they are influenced by customer experience.
Give one word for the following.
A. Involuntary separation from an organization.
__________________
B. Voluntary separation from an organization.
__________________
Answer:
a fired
b quit
Explanation:
involuntary is not by choice
voluntary is by choice
Interview a business owner in your local community on the negative impact of crime on his/her business and provide evidence of the interview.
What kind of inventory tracking system shows the cost and gross profit margin in each item?
Unit-control systems
Dollar-control systems
Manual tag systems
Radio frequency identification systems
Answer:
hola its jess !!
answer is here:-
Dollar-control systems show the cost and gross profit margin on individual inventory items.
hope it may help you!!
Rich receives a 3.5% commission for selling cleaning supplies. What is his commission on sales of $122,591?
Answer:
$4290.69
Explanation:
Given :-
Rate = 3.5%
Amount = $122,591
To find = commission
=> 3.5% (122,591)
=> 3.5/100 (122,591)
=> 0.035 (122,591)
=> 4290.685
= 4290.69 [Since amount can not have 3 decimal places, we have to estimate it]
Therefore the commission received is $4290.69
Jay recently was promoted to a management position in a firm that had been extremely bureaucratic. However, the environment changed dramatically and the new management team knew it needed to change the organization quickly if it was to survive. Jay suggested that the management team allow the employees to develop more confidence in their ability to do a good job by sharing power with them. The others on the team were skeptical, but they allowed Jay to experiment. In this situation Jay is suggesting using __________ to increase employee confidence in their ability to do the job.
Answer:
Empowerment
Explanation:
Employee management is done in different ways. Some managers prefer to take charge and instruct their reports on what to do. This approach puts a lot of pressure on the manager because his input is needed in every activity.
Another method of employee management is empowerment. This involves assigning responsibility over various aspects of the job to employees and holding them accountable for the outcome.
This way employees feel valued and their confidence grows.
Jay is trying to use empowerment to increase employee productivity by allowing the employees to develop more confidence in their ability to do a good job by sharing power with them.
Contrast how a depositor's account is classified by a bank compared to how it is classified by the account owner by completing the following sentence. A depositor's account is a(n) (liability/asset/expense) on the bank's records, but it is a(n) (liability/asset/expense) on the books of the account owner. Because of this, every time the account owner makes a deposit, the bank (debits/credits) the account owner's account.
Answer:
A depositor's account is a liability on the bank's records, but it is an asset on the books of the account owner. Because of this, every time the account owner makes a deposit, the bank credits the owner's account.
Explanation:
A liability is a debt that a person or company owes to another party, usually in the form of money. Therefore, a depositor's account shows the amount the banking is owing the depositor. This makes it a liability.
An asset is any resource that a business or economic entity owns or controls, such as money. Therefore, a depositor's account shows the amount a depositor has in the bank or the amount the bank is owing him. This therefore makes it an asset.
According to accounting principle, all assets must be debited while liabilities must credited. Since a deposit a liability to the bank, the bank credits the owner's account every time the account owner makes a deposit.
Therefore, a depositor's account is a liability on the bank's records, but it is an asset on the books of the account owner. Because of this, every time the account owner makes a deposit, the bank credits the owner's account.
Even though the country faces political instability, an island nation with wide, expansive beaches is a destination hub for cruise lines. Recently, a large theme park company showed strong interest in buying land on this island with the intent of building a park targeted toward families. The company wants to make a commitment to the island, including the hiring of several hundred local employees. It is using a global marketing strategy called
Answer:
Foreign direct investment
Explanation:
In simple words, An investment in the shape of substantial participation in a firm in one nation by an organization located in another nation is known as a foreign direct investment. A sense of direct control distinguishes it from a foreign portfolio investment.
Thus, from the above we can conclude that the correct answer is foreign direct investment.
In the Sales Comparison Approach, if the subject has a better location than the comparable, the appraiser would need to adjust the comparable value: Group of answer choices down. None of these, the appraiser never adjusts the comparables. it depends. up.
Answer:
The answer is up
Explanation:
The sales comparison approach assumes that the value of a property depends on what other comparable properties are selling for in the current market. Ideally, the comparables would exactly be the same as the subject property in terms of age, size, location, view, quality etc.
So if the subject has a better location than the comparable, the appraiser would need to adjust the comparable value UP
Due to a mild winter, Florida experienced a bumper crop of oranges. This would best be represented by a(n) movement down the U.S. production possibility frontier. movement off the U.S. production possibility frontier to some point inside the frontier. movement up the U.S. production possibility frontier. outward shift of the U.S. production possibility frontier away from the origin.
Answer:
movement up the U.S. production possibility frontier.
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The PPF is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources
Points inside the production possibilities curve means that the nations resources are not being fully utilised
Factors that cause the PPF to shift
1. changes in technology.
2. changes in available resources.
3. changes in the labour force.
Due to the winter, there would be a movement up along the PPF
A rise in stock prices and housing prices
A. increases household wealth which in turn increases consumption and leads to an upward movement along the consumption function.
B. reduces consumption due to increase in prices and causes the consumption function to shift downward.
C. increases household wealth which in turn increases consumption and leads to an upward shift of the consumption function.
D. does not affect consumption because they do not have any direct impact on disposable income.
Answer:
B
Explanation:
Under a program called the Emissions Trading Scheme, the governments of European Union member nations establish overall targets for greenhouse gas emissions and issue __________, or permits, authorizing companies to emit certain amounts. In theory, an increase in the market clearing price of __________ should induce firms to develop methods of __________ their emissions of greenhouse gases.
A. allowances; allowances; reducing
B. vouchers; pollution; eliminating
C. allowances; allowances; eliminating
D. vouchers; pollution; reducing
Answer:
A). allowances; allowances; reducing
Explanation:
According to the Question,
Except for all other option, only option A fit better in the above definition.
impact of lockdown on business
Explanation:
Impact on lockdown on business It has been very tough time for buisness as far as we know buisness hasnt last long enough and there has been very huge losses.
Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas.
Nike
adidas
Sales revenue $19,795.3 $10,675
Allowance for doubtful accounts, beginning 77.2 112
Allowance for doubtful accounts, ending 104.1 134
Accounts receivable balance (gross), beginning 2,884.3 1,740
Accounts receivable balance (gross), ending 2,952.8 1,556
(a1)
Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.)
Nike
adidas
Accounts receivable turnover times times
Answer:
Accounts Receivable Turnover = Sales/Average accounts receivables
Sales revenue / [Accounts receivable balance (gross), beginning - Allowance for doubtful accounts, beginning) + (Accounts receivable balance (gross), ending + Allowance for doubtful accounts, ending) / 2
For Nike
Accounts Receivable Turnover = $19795.3/ [(2884.3-77.2)+(2952.8-104.1)/2]
Accounts Receivable Turnover = $19795.3 / $2827.9
Accounts Receivable Turnover = 7 times
For Adidas
Accounts Receivable Turnover = 10675/[(1740-112)+(1556-134)]/2
Accounts Receivable Turnover = $10675 / $1525
Accounts Receivable Turnover = 7 times
Individuals produced their own goods. They then decided to specialise. They formed a group and offered their skills to each other but without the use of money. What is not likely to be the result for the group? A. It will enjoy a rise in its material standard of living. B. It will have a wider choice of goods and services. C. It will need to use a system of barter. D. It will save time in obtaining goods and services.
Answer:
It will save time in obtaining goods and services.
Explanation:
A big mining company wants to open a mine . The social costs are greater than the social benefits. Should the company carry on with this project or not?
Answer: They should not
Explanation:
The Social cost of a project refers to the total cost that society incurs as a result of the project. This includes the actual costs to the investors as well as the cost to society such as pollution. Likewise the social benefit is the entire benefit that accrues from the project.
When using the Social Cost Benefit Analysis, one should not pick a project that has a higher social cost than social benefit because it would lead to a social loss. In order words, the project would cost society more than society would benefit from it so there is no need to embark on such a project.
Among those not working, the most recent job-search activity for 2.90 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 10.99 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places.
Answer:
A. 24.05
B. 4.62
C. 66.99%
D. 19.21%
Explanation:
A). Calculation to determine the Laborland's total labor force
Using this formula
Total Labor Force = Employed + Unemployed
Let plug in the formula
Total Labor Force = (4.9+ 14.53) + (2.9 + 1.72)
Total Labor Force = 19.43 + 4.62
Total Labor Force = 24.05
Therefore the Laborland's total labor force is 24.05
(B). Calculation to determine the Laborland's labor force participation rate
Unemployed = 2.90 + 1.72
Unemployed = 4.62
Therefore the Laborland's labor force participation rate is 4.62
(C). Calculation to determine How many people are unemployed in Laborland
Using this formula
Labor force participation rate = Labor force / Total working age population
Let plug in the formula
Labor force participation rate= $24.05 / 35.9
Labor force participation rate= 66.99%
Therefore How many people are unemployed in Laborland will be 66.99%
(D). Calculation to determine Laborland's unemployment rate
Using this formula
Unemployment Rate = Unemployed / Labor force
Let plug in the formula
Unemployment Rate = 4.62 / 24.05
Unemployment Rate= 0.1921 * 100
Unemployment Rate= 19.21%
Therefore Laborland's unemployment rate is 19.21%
Review the following statements regarding a petty cash fund used in a business. Select the one that is correct. Multiple choice question. The cashier of a fund will write checks for small payments like postage, supplies and deliveries. Only the petty cashier is responsible for paying cash from the fund. A petty cash fund is controlled by top management. A check written against the fund is cashed when the fund is replenished.
Answer:
Only the petty cashier is responsible for paying cash from the fund.
Explanation:
A petty cash fund can be regarded as small amount of cash that is kept on hand or kept in a locked drawer which could be used in payment for minor expenses. These expenses could be office supplies expenses or reimbursements. There should be periodic reconciliations for a petty cash fund, and the transactions should also be recorded on the financial statements. As regards to petty cash fund used in a business, Only the petty cashier is responsible for paying cash from the fund.
