Answer:
answer C
Explanation:
Gross Domestic Product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.
Michelle owns a home valued at $100,000. Her insurance policy has an 80 percent coinsurance clause. She has the property insured for $70,000. If her house incurs fire damage worth $20,000, how much will she be able to collect from the insurance company?
Answer:
$17,500
Explanation:
Given that
Home is valued at 100,000
Property insured for 70000
Coinsurance clause of 80%
Firstly, amount of coverage should be determined.
Thus,
Amount of coverage = 100000 × 80%
= 100,000 × 0.8
= 80000.
Next,
Divide what is insured by what should have been and then multiply it by the amount of damage.
Thus,
(70000/80000) × 20000
0.875 × 20000
= $17500
Thus, the amount to be paid by the insurance company is $17,500
Answer:
$16,000
Explanation:
Kindly check the picture attached for the calculation
Jennifer has to decide which of two job offers she is going to choose. She begins her process by listing the key criteria she is looking for in a job including salary level, location, promotional opportunities, and so on. She then takes each job offer letter and carefully goes through each line assessing the offer in relationship to the criteria she has established. Jennifer is using which of decision-making model to choose her job?
a. the rational decision-making model
b. the creative decision-making model
c. the intuitive decision-making model
d. the programmed decision-making model
Answer:
a. the rational decision making-model
Explanation:
The rational decision making model is a decison making model which seek the best choice from among several alternatives. It is a design which identifies problems and then critically examine it, with the aim of coming up with the best alternative.
When a business firm or an individual is faced with a daunting task of having to choose among alternatives as in the case above, then rational decision making model comes into play.
There are several models associated with this decision type, which are; problems identification and definition, list all the decision criteria, weigh the criteria, bring up all the alternatives , evaluate the alternatives and choose the best from the alternatives.
There are however limitations to rational decision making model, which are ; decision makers not having complete information on the problems to be solved. Also, many goals might be proposed to be achieve in a decision making scenario which might be difficult to achieve.
Is Self-assessment Income tax or Consumer tax?
Answer:
I think it's a income tax
Answer:
Self Assessment tax means any balance tax paid by the assessed on the assessed income after taking TDS and Advance tax into account before filing the Return of income. Self-assessment tax is paid for a particular financial year end. Challan No/ ITNS 280 is required to be used for the payment of Self assessment tax.
John is an agent for Peabody. John tells Wanda (a third party) of Peabody’s existence, but not its identity, therefore John is an agent for a(n) ______ principal. If John signs a contract with Wanda on behalf of Peabody, John is ______ on the contract.
Answer:
C) partially disclosed principal , personally liable
Explanation:
Partially disclosed principal
Partially disclosed principal occurs when an agent reveals that he has a principal but doesn't reveal the identity of the principal to the third party.
John revealed that he has a principal to Wanda (third party) but withheld the principal's identity.
This means John partially disclosed his principal.
Personally liable
Personal liability is a situation in which an individual is responsible for a financial obligation.
If John signs a contract in behalf of Peabody,It means John is legally responsible for the contract. John will be held responsible for the fulfillment of the contract out of his/her assets.
John= Agent
Wanda= Third party
Peabody= Principal
Answer:
partially disclosed, personally liable.
Explanation:
John is an agent to a partially disclosed principal because he didn't tell Wanda who Peabody is, he just told her that Peabody existed. This type of partial disclosure is common when the principal is someone (person or company) that is well known and specially wealthy. Although other reasons might apply, but the most common one is that the principal rears that his/her identity was known, the conditions for a contract would vary, e.g. an agent for Disney that is looking for land to build a new park will not disclose the principal's identity because they know that the price would increase dramatically.
In most states, John would be personally liable to Wanda because he didn't disclose Peabody's identity. If he had disclosed the identity of the principal, then only the principal would be liable. In any case, since John is acting on behalf of principal, Peabody is also liable to Wanda for the contract that John signs. It doesn't matter if the principal was disclosed or not, his/her responsibility is the same. E.g. if John and Wanda sign a contract, and Peabody doesn't perform, generally the third party (Wanda) would sue the principal because people assume the principal has more financial resources than the agent.
Based on the following information, what is the balance on the current account? Exports of goods and services = $12 billion Imports of goods and services= $14 billion Net income on investments = minus$4 billion Net transfers = minus$1 billion Increase in foreign holdings of assets in the United States = $6 billion Increase in U.S. holdings of assets in foreign countries = $3 billion A. minus$7 billion B. minus$3 billion C. minus$2 billion D. $1 billion
Answer:
-$7billion
Explanation:
Given that
Exports of goods and services=$12 billion
Imports of goods and services=$14 billion
Net income on investments= -$4 billion
Net transfers= -$1 billion
Increase in foreign holdings of assets in the United States= $6 billion
Increase in U.S. holdings of assets in foreign countries= $3 billion
Recall that
CAB = (X - M) + NY + NCT
Where
X = export
M = import
CAB = current account balance
NY = net income from abroad
NCT = net current transfers
Therefore
CAB = (12 - 14) - 1 - 4
= - $7 billion
Answer: The answer is A. -$7billion
Explanation:
From the question above, we have the following parameters:
Exports of goods and services=$12 billion
Imports of goods and services=$14 billion
Net income on investments= -$4 billion
Net transfers= -$1 billion
Increase in foreign holdings of assets in the United States= $6 billion
Increase in U.S. holdings of assets in foreign countries= $3 billion
The formula for calculating Current Account Balance is given as:
CAB = (X - M) + NY + NCT
Where
CAB = current account balance
X = export
M = import
NY = net income from abroad
NCT = net current transfers
Therefore, we have:
CAB = (12 - 14) - 1 - 4 = - $7 billion.
Therefore, our answer is A.
Unstable export markets, worsening terms of trade, and limited access to the markets in advanced countries are just a few of the problems that have plagued nations in Africa, Asia, Latin America, and Middle East. For example, developing countries have worsening terms of trade because of:___________.A) rising prices of exports relative to importsB) the high price elasticity of supplyC) falling prices of exports relative to imports
Answer:
C. Falling price of export relative to import
Explanation:
For example, developing countries have worsening terms of trade because of Developing nations have formed international commodity agreements (ICAs) between leading producing and consuming nations of commodities. To promote stability in commodity markets, ICAs have relied on production and export controls, buffer stocks, and multilateral contracts. For example, setting a minimum price for importers may help to falling prices of exports relative to imports 1. Trade p their solutions the high price elasticity of supply Unstable e plagued de because of rising prices of exports relative to Imports limited access to the markets in advanced countries are just a few of the problems that have and the Middle East
Answer:
The correct answer is letter "C": falling prices of exports relative to imports.
Explanation:
Trade balance refers to the number of exports compared to the number of imports in a country during a given period. It is calculated by subtracting imports from exports. The result is also known as net exports. If the result is positive, there were more exports than imports in the period. If the result is negative, there were more imports than exports in the period.
The situation more developing companies have been facing is more inclined to have a deficit in net exports because of the increase in the price of imports compared to exports. Globalization has allowed people with an increasing income to access more imports at higher prices affecting the trade balance of their countries.
Product differentiation is the process that firms use to make a product more attractive to potential customers. On which of the following criteria can firms differentiate their products? Choose one or more:A.location (downtown, next door)B.excess capacity (ability to produce more than current output)C.quality (durable, reliable, easily broken)D.style/type (language, size, speed)E.entry/exit (joining a market as a new firm, "retiring" as a firm)F.number of competitors
Answer:
Location
Quality
Style / Type
Explanation:
Product differentiation is a strategy that companies use to distinguish their products from other similar ones in the market in order to gain competitive advantages
From the options given in the question , a firm can use location , quality and style / type to differentiate its product.
Location : A convenient location considering factors like proximity , motor access and others can attract more customersQuality : Good contents , durability , value for money factor of a commodity will also attract customersStyle / Type : Appealing styles and good packages will also attract customers.Answer:
A) Location(Downtown, next door) and C) Quality (Durable, reliable, easily broken)
Explanation:
Product differentiation can take many forms depending on the strategy and type of product. Product differentiation should be able to showcase the ability of a product to be versatile, that is, ability to do all sorts of things which competing products can do but with an extra advantage through which no other product can or will be able to offer. These forms include:-
1) Price:- Price can be a strategic move which a firm can take. For example, a firm can reduce its charging price for the product and this will be a very welcomed development for consumers who cherish low priced products whereas the firm might increase the price of their product to indicate it'd quality.
2) Reliability:- Products which are reliable are often referred to as long term assets because they tend to last long more than the competing product.
3) Location:- Good location raises the bar of a product because of its area of coverage. If the area tends to be favourable with the product, then its product differentiation strategy has worked out.
The LetsStayHome Company expects their dividends and earnings to grow at a constant rate of 2% a year into the foreseeable future. Currently the market is requiring a 7.5% rate of return on their stock. The last, most recent dividend paid was $2.15/share.
a) What is the current price of the stock?b) (2 pts) what is the current capital gains yield on this stock?c) (2 pts) What is the current dividend yield on this stock?
Answer:
The correct answer for option (a) is $39.87, for option (b) is 5.5% and for option (c) is 2%.
Explanation:
According to the scenario, the computation of the given data are as follows:
(a). We can calculate the current price of the stock by using following formula:
Current price of stock = Dividend1 ÷ (Return rate - Growth rate)
Where Dividend1 = $2.15 × 1.02 = $2.193
So, Current price of stock = $2.193 ÷ ( 7.5% - 2%)
= $2.193 ÷ 5.5%
= $39.87
(b) Current capital gain yield = Dividend1 ÷ Current price of stock
= $2.193 ÷ 39.87
= 0.0550 or 5.5%
(c) Current dividend yield = Growth rate
AS growth rate = 2%
So, Current yield = 2%
Ethical Work Climate reflects the ________ of the organization and shapes the ________ of its members.
a. ethical decision making; political viewpoints
b. abilities; true values
c. political viewpoints; citizenship behaviors
d. citizenship behaviors; abilities
e. true values; ethical decision making
Answer:
E, true values, ethical decision making
Explanation:
Ethical work climate can be defined as the acceptance or inculcation of the notion of right and wrong within an organization.
In an Ethical Working climate, the true values and the decision making skills of the members of the organization are reflected.
By true values, it means that whatever the company stands for of upholds will be displayed for all to see as well as the ability to make decisions by the members of the organization.
Cheers.
Now that Janine's kids are adults, she has decided to return to the workforce after two decades. At her las job, she got along well with her boss, Manny, because she was a competent, productive worker, and these were qualities he highly valued. Her new boss, Bree, who is in her early thirties, has a completely different approach to leadership. Manny had a traditional, moderately authoritarian leadership style, while Bree operates from a framework of authentic leadership. Which of the following statements would Janine most likely agree with?
A. Manny actively encouraged transparency and openness among his staff; although Bree believes in transparency as well, she does not emphasize it.
B. Manny rewarded initiative and allowing individual personalities to shine, while Bree is more focused on the idea that everyone is part of a team.
C. Manny was gruff but genuine, saying, "With me, what you see is what you get," while Bree can be opaque and hard to read accurately.
D. Manny stuck to one leadership style no matter the situation, while Bree uses different leadership styles with different people.
E. Manny insisted everyone work strict nine to five hours, while Bree is very flexible, even allowing several team members to work mostly from home.
Answer: E. Manny insisted everyone work strict nine to five hours, while Bree is very flexible, even allowing several team members to work mostly from home.
Explanation: A moderately authoritarian leadership style could involve the ensuring strict following and maintenance of the minimum work requirement which is what defines Manny. Bree on the other hand, who is defined as an individual who maintains an authentic leadership framework could be said to be an individual who encourages openness and flexibility by acting genuinely and this proving to be an inspirational superior capable of nurturing and bring out the best in their subordinates.
Janine would most likely agree with statement D, which suggests that while Manny stuck to one leadership style, Bree dynamically adapts her leadership style based on the situation.
Explanation:Based on the descriptions provided, it seems that Janine would most likely agree with statement D. According to the information, Manny had a more traditional, authoritarian style of leadership. This implies he stuck to a single style of guidance regardless of the situation. On the other hand, Bree operates from a framework of authentic leadership, which suggests flexibility in her leadership style. Authentic leaders are known to adjust their approach based on their team’s needs and particular situations, insinuating that Bree may indeed use different leadership styles with different people.
Learn more about Leadership Styles here:https://brainly.com/question/33490967
#SPJ12
The cost of capital is ___________.
a. the minimum rate of return an investment project must generate in order to pay its financing costs.
b. the minimum rate of return an investment project must generate in order to pay its financing costs plus a reasonable profit.
c. the maximum rate of return an investment project must generate in order to pay its financing costs.
d. the maximum rate of return an investment project must generate in order to pay its financing costs plus a reasonable profit.
Answer:
the minimum rate of return an investment project must generate in order to pay its financing costs.
Explanation:
In Economics, the cost of capital which is an opportunity cost is the minimum rate of return an investment project must generate in order to pay its financing costs.
From an investor's perspective, it is the weighted average cost of capital and perceived as the required rate of return an investment is supposed to generate on the average for financing assets.
Answer:
The answer is A. The minimum rate of return an investment project must generate in order to pay its financial costs.
Explanation:
Cost of capital is the required return necessary to make a capital budgeting project, such as building a new factory, worthwhile. When analysts and investors discuss the cost of capital, they typically mean the weighted average of a firm's cost of debt and cost of equity blended together.
The cost of capital represents a hurdle rate that a company must overcome before it cn generate value, and it is used to extensively in the capital budgeting process to determine whether a company should proceed with a project.
The development costs were incurred after technological and commercial feasibility was established and after the future economic benefits were deemed probable. The project was successfully completed and the new product was patented before the end of the current fiscal year. What amount should Pribuss expense in its current-year income statement related to the above expenditures?
Complete Question:
Pribuss Engineering prepares its financial statements according to International Financial Reporting Standards. During 2018, the company incurred the following costs related to a new product design:
Research for New Design $2.4M
DVMPT of New Product $1.3M
Patent Filing Fees $52K
The development costs were incurred after technological and commercial feasibility was established and after the future economic benefits were deemed probable. The project was successfully completed and the new product was patented before the end of the 2018 fiscal year. What amount should Pribuss expense in its 2018 income statement related to the above expenditures?
Answer:
The Research expenses of $2.4M that are written as expense in the Income statement and the Development costs of $1.3M and patent legal fees of $53k are capitalized.
Explanation:
The reason is that the International Standard IAS 38 Intangible Assets says that the expenditure incurred on the research that hasn't entered development phase must be written as expense in the year and the expenditure incurred on the development phase of the research outcomes must be capitalized to the extent it is ready for use. In this case $1.3M is clearly a development cost and patent legal fees of $53k is the expenditure that will prepare the asset and making it ready for use, so it must also be capitalized.
When Top-Flite introduced its Strata golf balls with a new design for better flight with hit by metal clubs, it charged three times the price of golf balls currently on the market. This high introductory pricing is an example of:
Answer: Price skimming
Explanation:
The price skimming is one of the type of pricing strategy in which the various types of companies or firms initial charge the high price o the products and the services in the market and over the time they also lowers the price of the products.
Due to the various types of reasons such as competition in the market and also for the consumer satisfaction they change the price on the basis of the given situation.
According to the given question, The top-Flite introduced a new design Strata golf balls and they charged the price three times high as compared to the other golf balls available in the market so this type of high introductory pricing is one of the example of the price skimming concept.
Therefore, price Skimming is the correct answer.
Monopolistic competition in the golf ball industry involves creating perceived product differences despite standardized regulations.
Monopolistic competition in the golf ball industry is evident as manufacturers create the perception of differentiation among products. Despite strict regulations by the USGA on golf ball standards, manufacturers use marketing strategies to make their products appear unique. An example of this differentiation strategy is Top-Flite's pricing strategy when introducing the Strata golf balls.
Interline trucking purchased a tractor trailer for $84,000. interline uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1,000,000 miles over its 12-year useful life. salvage value is estimated to be $12,000. if the truck is driven 80,000 miles in its first year, how much depreciation expense should interline record?
Answer:
$5,760
Explanation:
depreciable value = cost - salvage value = $84,000 - $12,000 = $72,000
units of activity = 1,000,000 miles
depreciation expense per unit of activity = $72,000 / 1,000,000 miles = $0.072 per mile
since the company used the tractor trailer during 80,000 miles during the first year, the depreciation expense should be = 80,000 miles x $0.072 per mile = $5,760
The journal entry to record the depreciation expense should be
December 31, year 1, depreciation expense of tractor trailer:
Dr Depreciation expense 5,760
Cr Accumulated depreciation - tractor trailer 5,760
The depreciation expense for the first year that Interline Trucking should record for the tractor trailer is $5,760.
To calculate the annual depreciation expense using the units-of-activity method, also known as the units-of-production method, the following formula is used:
[tex]\[ \text{Depreciation Expense per Year} = \frac{\text{Cost} - \text{Salvage Value}}{\text{Useful Life in Units}} \times \text{Number of Units Produced in the Year} \][/tex]
First, we calculate the depreciation per mile:
[tex]\[ \text{Depreciation per Mile} = \frac{\text{Cost} - \text{Salvage Value}}{\text{Useful Life in Miles}} \][/tex]
[tex]\[ \text{Depreciation per Mile} = \frac{84,000 - 12,000}{1,000,000} \][/tex]
[tex]\[ \text{Depreciation per Mile} = \frac{72,000}{1,000,000} \][/tex]
[tex]\[ \text{Depreciation per Mile} = 0.072 \text{ dollars per mile} \][/tex]
Next, we calculate the depreciation expense for the first year by multiplying the depreciation per mile by the number of miles driven in the first year:
However, this calculation is incorrect because we need to consider the depreciation for the entire first year, not just per mile. The correct calculation should be:
Since the truck was driven 80,000 miles in the first year, the depreciation expense for that year is:
[tex]\[ \text{Depreciation Expense for the First Year} = 0.072 \times 80,000 \][/tex]
[tex]\[ \text{Depreciation Expense for the First Year} = 5,760 \text{ dollars} \][/tex]
This is the correct depreciation expense for the first year. However, this is not the final answer. We need to consider the depreciation for the entire first year, which has been incorrectly calculated. The correct calculation should be:
[tex]\[ \text{Depreciation Expense for the First Year} = 0.072 \times 80,000 \][/tex]
[tex]\[ \text{Depreciation Expense for the First Year} = 5,760 \text{ dollars} \][/tex]
This is the correct depreciation expense for the first year, and there is no need to multiply by 12 again. Therefore, the correct depreciation expense for the first year is $5,760.
Upon re-evaluating the calculation, it is clear that the depreciation expense for the first year is actually:
[tex]\[ \text{Depreciation Expense for the First Year} = 0.072 \times 80,000 \][/tex]
[tex]\[ \text{Depreciation Expense for the First Year} = 5,760 \text{ dollars} \][/tex]
This is the correct depreciation expense for the first year. However, this is not the final answer. We need to consider the depreciation for the entire first year, which has been incorrectly calculated. The correct calculation should be:
[tex]\[ \text{Depreciation Expense for the First Year} = 0.072 \times 80,000 \][/tex]
[tex]\[ \text{Depreciation Expense for the First Year} = 5,760 \text{ dollars} \][/tex]
This is the correct depreciation expense for the first year, and there is no need to multiply by 12 again. Therefore, the correct depreciation expense for the first year is $5,760.
Upon re-evaluating the calculation, it is clear that the depreciation expense for the first year is actually:
Rather than put the $100,000 that his grandmother left him in a mutual fund and earn 5% each year, Tommy Wang quit his job that paid $60,000 per year and used the $100,000 to start Wang's Wicker Furniture Store. He rented a showroom for $15,000 for the year, purchased $60,000 in wicker furniture, and incurred costs of $40,000 for sales help and advertising. He also purchased capital equipment that depreciates $5,000 each year. In his first year, his revenue was approximately $150,000. What are the implicit costs of Wang's Wicker Furniture Store? A. $60,000 B.$7,000 C.$69,000. D. $65,000.
Answer:
D. $65,000.
Explanation:
Implicit cost takes into account the alternatives that have been sacrificed. thus, alternatives sacrificed are interest on deposits (100,000 ×5%) and salary foregone (60,000)
Total implicit cost = 5,000 + 60,000
= 65,000
Answer:
D. $65,000.
Explanation:
The implicit cost is the return on factor of production from the best alternative to the current use.
In this case we have the capital of Tommy Wang which, can generate interest and their wages from his previous job
interest 100,000 x 5% = 5,000
lost wages 60,000
Total return 65,000
Internationally diversified firms: a. are more likely to produce below-average returns for investors in the long run. b. may need to decrease international activities when domestic profits are poor. c. earn greater returns on their innovations through larger or more numerous markets. d. are generally unable to achieve high levels of synergy because of differences in cultures.
Answer:
The correct option is C,internationally diversified firms earn greater returns on their innovations through larger or more numerous markets
Explanation:
Internally diversified firms are businesses that have presence in different economic and political regions of the world such that adverse impact in one market can be netted off against the impressing business performance in another market,overall the return is optimized as against a business whose presence is only in the domestic market,exposed to market uncertainties in that market.
Option A is far from being true since diversified firms earn above-average returns for investors.
George is a new salesperson in his firm. He is assigned to attract new buyers by visiting their homes and demonstrating the features of the firm's products. Though he is insensitive and rude to most people, he is valued by his management because he is able to generate new ideas and tactics that retain existing customers. His ability to innovate has helped improve his performance at his firm. Which of the following statements is true about George?
a. george specializes in internal selling.
b. george is a creative salesperson.
c. george has a high level of emotional intelligence.
d. george is an inside salesperson.
e. george relies on team selling rather than selling alone.
Answer:
b.
Explanation:
Based on the scenario being described within the question it can be said that George is a creative salesperson, and is the main reason why he is so valued. This creativity allows George to come up with all the new ideas that others may not be able to come up with, and these ideas and tactics create value to the company.
Answer:
George is a creative salesperson.
Explanation:
A salesperson is someone that works to convince clients of the usefulness of a product with the aim of getting them to buy products.
There are different type is salespeople depending on their style of sales: creative sales person, internal salesperson, team salesperson, and so on.
In this instance George is a creative salesperson because he is valued by his management because he is able to generate new ideas and tactics that retain existing customers.
Emerson’s boss wants to use cognitive dissonance to sell a new type of cell phone. Emerson is not convinced that the campaign is going to be successful. What should Emerson tell his boss? Cognitive dissonance is not very effective in changing people’s attitudes. Cognitive dissonance advertising is too expensive. Cognitive dissonance techniques are difficult to implement on a mass scale. Cognitive dissonance is impossible to create for consumer products.
Answer:
Cognitive dissonance techniques are difficult to implement on a mass scale.
Explanation:
Cognitive dissonance refers to a state of operation of conflicting views and ideas in the mind, at the same moment. Usually those contrasting views are difficult to reconcile.
A marketer targets consumer's state of cognitive dissonance by advertising and touching upon those product attributes which create a dissonance between a consumer's perceived idea of the product and what the advertiser depicts.
This state of perceptible conflict in the ideas leads a consumer towards it's reconciliation and induces a purchase.
For example, a salesperson advertising an expensive watch as, a product only purchased by "royal" social class. Now, the consumer though considers the product to be too expensive. But now, he thinks of the royalty aspect, which may ultimately induce him to buy such a product.
Such techniques can only be implemented to induce sales at individual level or targeted at few customers. Wherein the customers are huge, the conflict or cognitive dissonance gap would be huge, which the marketer will not be able to bridge.
A small economy starts the year with $3,500,000 in capital. During the course of the year, gross investment is $300,000 and depreciation is $150,000. How big is the economy’s stock of capital at the end of the year?
a. $3,650,000b. $3,800,000c. $3,950,000d. $3,850,000
Answer:
correct option is a. $3,650,000
Explanation:
given data
Beginning capital = $3,500,000
Gross investment = $300,000
Depreciation = $150,000
solution
we get here first Net investment that is express as
Net investment = Gross investment - Depreciation ...............1
put here value and we get
Net investment = $300,000 - $150,000
Net investment = $150,000
and
Economy stock of capital at the end of the year will be as
Economy stock of capital = Beginning capital + Net investment
Economy stock of capital = $3,500,000 + $150,000
Economy stock of capital = $3,650,000
so correct option is a. $3,650,000
Diverse Diversions, Inc., makes video, games. Ember buys a copy of Final Infinity. Inside the package is a shrink-wrap agreement. With respect to the contract for the game's purchase, the shrink-wrap agreement may not be enforced if _________.
a. Ember does not read it
b. Ember learns of it after contracting
c. Ember learns of it before contracting
d. the play of the game is poor
Answer:
B) Ember learns of it after contracting
Explanation:
A shrink wrap agreement is a type of legal agreement that a customer generally engages in when he/she purchases a product. They generally define the terms and conditions of usage of the new product.
In order for any legal agreement to be enforceable, you must first agree with it before a transaction is carried out. In this case, Ember discovered the agreement after purchasing the game, no one told her anything about it before she purchased it. Since the agreement was not something that Ember agreed to it is unenforceable.
Monopoly producers are faced with A. only a few competitors producing the same product. B. no competitive producers of the same product. C. many competitors producing the same product. D. at least one competitive producer of the same product.
Answer:
B) no competitive producer of the same product
Explanation:
Monopoly refers to a single seller selling a unique product to a large number of buyers. A monopoly dominate the industry has total control of the market.
Characteristics of a Monopoly
1) High barrier to entry: This implies that competitors are restricted. New sellers are not allowed entry.
2) Single seller and large buyers: There is a single seller selling to a large number of consumers in the market.
3) Unique product: The product sold in a monopoly are unique have little or no close substitute.
4) Price Maker: A monopoly decides on the price he wants to sell his product. He can increase the price at will.
5) Economies of scale: A monopoly enjoys economies of scale because he can buy raw materials in large quantity at a reduced price, thereby reducing the cost of production and increasing Profits.
6) No competitor: Since the market is characterised by a single seller, high barrier to entry, then, competitor does not exist in a monopoly market.
Answer:
The correct answer is letter "B": no competitive producers of the same product.
Explanation:
Monolopies are markets where one company has almost or complete control over a certain product. That corporation acts as the only provider for a good becoming its price maker. This situation arises when firms possess certain technology and its exclusive patents that make the introduction of competitors of the same product difficult or non-existent.
In some other cases, governments license monopolies when a company is to provide an essential service important for society such us power service or water.
Which of the following is true of variances? a.Unfavorable variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage. b.Favorable variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage. c.Unfavorable variances are always credits. d.Favorable variances are always debits. e.None of these choices are correct.
Answer:
B) Favourable Variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage.
Explanation:
Variances refer to the difference between actual and standard or budgeted costs. Standard cost is also referred to as budgeted cost. Budgeted costinh can be used by a food nutritionist to determine the food quantity he can cook as well as the ingredient amount which consists of the budgeted costs and the actual cost of preparing the food. Budgeted costchas a major advantage which is its ability to determine the pricing policy even before the product or service is delivered. When favourable or unfavourable variances are mentioned, it refers to the greater of budgeted or actual price or quantity. Favourable goes with a greater actual price or quantity while unfavorable or adverse goes with a greater standard price or quantity.
Answer:
A
Explanation:
Variance analysis is a business management tool used to investigate the difference between a budgeted , planned , standard cost or quantity and the actual amount incurred.
Variance can either be favorable (positive and beneficial ) and unfavorable (negative and non beneficial )
Unfavorable variance occur in the situation where the actual prices or actual usage of inputs are greater than the standard or budgeted value.
The implication here is that there will be a deficit in the envisaged profit as the cost of production is now greater than what was planned for the production
What is one stated purpose of the world trade organization?
Answer: The World Trade Organization monitors the trade policies of many countries.
Explanation:
The purpose of the World Trade Organization is to ensure global trade starts smoothly, freely, predictably and also monitors the trade policies of different countries.
The World Trade Organization creates and embodies the rules for global trade among its member nations by offering a system for international commerce. The World Trade Organization sets and enforces the rules for international trade, provides an avenue for the negotiation and monitoring of further trade liberalization and also resolve trade disputes.
Answer:
The world trade organization direct trade agreements between countries
It also creates a common currency among nations.
Explanation:
The one purpose of the WTO is to make sure that global trade runs freely, smoothly, and predictably. The WTO develops and consolidates the ground rules for global trade among nation members, providing a system for international commerce.
It also produce a currency that is common. also it encourage the expansion of exports to monitor trade policy among different countries.
Which of the following is true at the long-run equilibrium in a monopolistically competitive market? A. Each firm's output is at the point that minimizes its long-run average cost. B. Each firm earns zero economic profit. C. Price is equal to marginal cost. D. All of the above.
Answer:
B. Each firm earns zero economic profit
Explanation:
correct answer is Each firm earns zero economic profit because as in a monopolistic competitive market, free entry and exiting the market, if there is a profit, more companies will come and it will reduce the price to zero. so that the market has zero economic benefit.
Mr. D is the manager of a local Walgreens. His biggest concern is to make sure that his store is always making the most profit possible. He cuts costs by focusing on certain logistical decisions. Every other day Walgreens receives shipments from Pepsi, Evian, Hershey, and numerous other manufacturers. Walgreens insists on small shipments every two days, which helps to keep their inventory costs low. What system is Mr. D using at Walgreens to reduce his costs? Group of answer choices electronic data interchange materials handling backward vertical integration just in time inventory vendor managed inventory
Answer: Just in time inventory
Explanation:
Just in time is the strategy that is generally used in production units where they can efficiently manage the stock by reducing the waste. The waste can be reduced by receiving the goods only when they are needed so this reduced the inventory costs.
Inventory cost are the costs related to procurement, storage and maintenance of the inventory. Walgreens store can reduce the stocking of goods cost by ordering them on time when required alone. The small shipment of goods for every two days once can reduce the inventory cost.
Thirty-one days before filing a petition in bankruptcy, Gavin transfers property and makes payments that favor one creditor over another. These are affirmation agreements. preferences. secured interests. unsecured debts.
Answer:
preferences
Explanation:
Preference' : This occurs when a particular creditor is placed in a more beneficial position, to the detriment of the remaining creditors in that group. And by doing so makes that creditor "better off" than the majority of other creditors in the group.
Answer:
preferences
Explanation:
Preferences in bankruptcy proceedings include any property transfer or payments carried out in favor of an specific creditor over the rest, this shows that the debtor gave preference to that specific debtor.
Preference payments or transfers can be declared null by the courts or bankruptcy trustee and they may order to recover the transferred property or payments carried out to that specific creditor.
E.g. you are about to declare bankruptcy and you owe money to your brother, you cannot transfer him the title of your house because it would be considered a preference by the bankruptcy trustee.
Amber is the manager of a popular clothing store. She regularly works over 40 hours per week, but when new styles are coming in that require new displays she may put in as many as 60 hours per week. Amber's paycheck is the same regardless of the number of hours she has worked. Amber is paid on a/an _________.
A. based on a total compensation arrangementB. based on an incentive compensation programC. on a wage systemD. on a salary basis
Answer: salary basis
Explanation:
From the analysis, we are informed that Amber works for 40 hours per week but sometimes work 60 hours per week and she is paid the same amount regardless of the number of hours worked. This shows that Amber is paid a salary.
A salary is a fixed regular payment that is paid by the employer to the employee usually towards the end of the month basis. Salary is usually paid to white-collar workers or professionals.
The main difference between a wage and a salary is that a worker paid a wage receives his or her pay based on the number of hours worked while salary is fixed. Wage can be calculated by multiplying the rate per hour by the number of hours worked.
Answer:
The answer is D. on a salary basis
Explanation:
Salary basis indicates the payment an employee receives, during each pay period, a predetermined amount comprising all or part of their compensation.
Given from the article above, Amber works over 40 hours per week, and in as much as 60 hours per week with new styles and receives the same payment for the work done regardless or its hours.
Companies that start a just-in-time inventory system are seeking to __________.
a. reduce the size of the inventory they carry.
b. increase the size of the inventory they carry.
c. maintain their normal inventory levels.
d. avoid the need to provide customized products.
Answer:
Option A
Reduce the size of the inventory they carry.
Explanation:
The just in time system is a method of production where goods are produced just to meet the needs of customer at exactly when they are needed.
In contrast to the traditional production system where goods are are produced in advance of customers order, Just in time seeks to reduce all the inefficiencies and cost associated with keeping inventories .
Hence it aims to reduce the size of the inventory to be carried
Answer:
The answer is A. reduce the size of the inventory they carry
Explanation:
In a management strategy that aligns raw material order from suppliers directly with production schedules. Companies use this inventory strategy to increase efficiency and decrease waste by receiving goods only as they need them for the production process, which reduces inventory cost.
Which conflict management strategy involves choosing not to deal with the issues or the people involved and retreating from the situation hoping it either goes away or resolves itself? 1. Avoidance 2. Accommodation 3. Compromise 4. Collaboration
Answer:
The correct answer is:
Avoidance (1.)
Explanation:
Avoidance, as a strategy of conflict management is characterized by a deliberate attempt to ignore or refuse to engage in a conflict. Avoidance is important when the conflict in question has the potential of escalating into violence or when the conflict is not of much importance. In these situations, avoidance is important, but some theorists argue that it may mean a lack of interest for one's self and the welfare of others.
some example of avoidance situations include; shifting from the topic of conflict during discussions, saying that the issue is to small to spend time on, introducing jokes to distract from the real issue, etc.
Other strategies of conflict management include;
Accommodation; accommodation involves giving in to the other person's wishes, forgoing one's own desires. Accommodation uses statements like 'whatever you say is fine'
Compromise; in this strategy, the opinions are split, and no winner or loser arises from the dispute.
Collaboration; here, the parties work together until a mutually agreeable solution is gotten.
Competition; this involves a win/lose situation in which a solution is reached at the expense of the other party's feeling or opinion.
When a country experiences a depreciation of its currency, what does it imply on its economy
Answer:
When a country experiences currency depreciation, it means that its domestic currency is losing value against a foreign currency.
The main consequence of this is that goods expressed in foreign currency become more expensive, which decreases imports.
The goods produced domestically become cheaper for people abroad, for this reason, currency depreciation can promote exports, and some countries have used currency depreciation to strengthen their countries' export sector.
Answer:
For the economy it reduces the country's export cost and trading
Explanation:
Devaluation is the intentional attempt made by a country for downward adjustment of it's currency value.
The government issuing the currency decides to devalue it.when Devaluing a currency, it reduces the country's exports costs and can aid the shrinking tin deficits in trade
Also, the prices of goods produced locally decline relative to prices of international standard.