Answer:
False
Explanation:
The authors who first mentioned this concept were the classics, Adam Smith and David Ricardo especially, and it was David Ricardo the first economist in developing a whole theory about international trading and competitive and comparative advantages among nations, recently Michael Porter has developed a similar theory called the Porter's diamond in which he determines the factors that make countries more competitive and through which they achieve business success, he wrote a book called "the competitive advantage of nations".
At the supermarket checkout line, you place a bar between your groceries and the groceries of a person behind you, which is an example of __________.
a. central markers
b. land markers
c. space markers
d. boundary markers
Answer:
Letter d is correct. Boundary markers.
Explanation:
Boundary markers are physical markers to identify boundaries, the alteration or the beginning of a boundary. They emerged as a form of social hierarchy to declare boundaries over a land space.
There are several types of boundary markers, they can be described as pillars, obelisks, corners and contour trees. The purpose of these boundary markers is according to Josiah Ober "a way to impose human, cultural and social meanings on a once undifferentiated natural environment."
Darren is the supervisor in a manufacturing facility that produces desks and chairs. Control of quality and output is his responsibility. To ensure that he is following the controlling process, after measuring the performance of his employees, he must _____, and then take any corrective action necessary.
compare measured performance to standardscreate the standardsmake changes to the organizationimplement influencing methodsidentify profitability standards
Answer:
compare measured performance to standards
Explanation:
Darren is in charge of quality control and that requires him to inspect, test and measure a sample unit of the products manufactured and compare it against the standard. He must check that the sample unit complies with all the specifications necessary for desks and chairs.
1. When Roberto interviews for a job, he emphasizes how he can partner with the company to help it adapt to meet challenges. 2. Gourd Supermarkets has an extensive training program for all new employees and then has all employees spend a day in customer service and workplace safety training each year. 3. Pure Nature Vitamins rewards employees with annual incentive pay based on that year’s performance rather than salary increases based on seniority.
Answer:
This MQQ is incomplete, here is the full question:
Indicate whether it is typical of the old social contract or the new social contract.
1. When Roberto interviews for a job, he emphasizes how he can partner with the company to help it adapt to meet challenges.
2. Gourd Supermarkets has an extensive training program for all new employees and then has all employees spend a day in customer service and workplace safety training each year.
3. Pure Nature Vitamins rewards employees with annual incentive pay based on that year’s performance rather than salary increases based on seniority.
1. new social contract
2. old social contract
3. new social contract
Explanation:
A social contract is a term coined by the great philosophers (Rousseau) and it even gained a special theory/movement basis. It reflected the notion that people always make various sorts of compromises with authorities, in the sense that they give a portion of their freedom in exchange for an important benefit, protection or the promise for maintaining the social order.
Although it cannot be wholly transferred to business, the employer-employee social contract can be similarly defined. It includes the terms which the employer and employee accept and they are related to their expectations about the workplace culture, compensation, assessment, development and learning. In other words, it is like the usual behavior in an employer-employee relationship which is common for a certain period of time (20th, 21st century...).
Accordingly, we differentiate the old and the new social contract. The old social contract is related to the notion of work and what it represented to employees and employers in the past century. Employees wanted stable employment, wages that were constant and secure. They were satisfied with slow and steady progress in their career, with not much attention paid to individual assessment. What's more, they were OK with having a single job throughout their whole career, as that was synonymous with safety and well-being.
On the contrary, the new social contract mostly reflects the millennials' way of thinking about work. Sticking to one employer for a lifetime is now more of an exception rather than the rule, as job-hopping is the usual practice. They prefer meritocracy rather than seniority - a structured, robust and established career ladder is a thing of the past. They want frequent assessment which will objectively measure their performance and progress. Likewise, they want tailor-made compensation that is irrelevant of salary ranges or the median company salary.
Culture-wise. the new social contract proposes that employees are willing to make decisions and have a stake in decision making or thorough company transformation. Every particle of work is technology-driven, so they are not afraid of learning new things constantly. That implies the fact that they expect the same from their employers - frequent, tailor-made training and development.
1. Roberto's enthusiasm to partake in company transformation is common for the new social contract. In the old social contract, employees weren't much interested in the background of business operating - mostly, all they wanted was secure employment.
2. Training employees upfront of the job is a common thing for the old social contract. In the new social contract, it is expected employees start a job well-prepared, however, frequent, tailor-made training, in accordance with the employee's skill set is expected.
3. This is a classic example of the new social contract, as employees like to be paid according to their performance which is objectively measured. The sometimes rigid approach of seniority and complementary compensation is typical for the old social contract.
Money is
a. valuable because it is backed by gold.
b. whatever is generally accepted in exchange for goods and services.
c. anything that is a liability of a commercial bank
d. an object to be consumed.
Answer:
a)
Explanation:
money is a valuable because it is backed by gold
Mansfield Pharmaceuticals markets Zipro, an antibiotic. The firm has fixed costs of $1,000,000 and variable costs of $2 per bottle of 50 tablets priced at $10 per bottle. What is the break-even volume?
Answer:
Break-even volume is 125,000 bottles
Explanation:
The formula for break-even quantity (BEQ) is given by:
BEQ = FC / (P - VC)
Where:
FC = fixed costP = priceVC = variable costPlug in the numbers we got
BEQ = 1,000,000 / (10 - 2) = 125,000
So to break even Mansfield Pharmaceuticals needs to sell 125,000 bottles of Zipro
Which of the following describes the products and services of companies that are price-setters?
A. They tend to be unique.
B. They are priced by managers using a target-costing emphasis.
C. They tend to be commodities.
D. They tend to have a lot of competitors.
Final answer:
Price-setters generally provide unique products and services, enabling them to have control over their pricing strategies, as opposed to being dictated by market forces. Thus, the correct answer is that price-setters' products and services tend to be unique.
Explanation:
Companies that are price-setters typically offer products and services that are unique, allowing them to set prices comparatively higher than in a perfectly competitive market. These companies have market power, potentially due to factors such as economies of scale, high barriers to entry, or owning exclusive resources. As a result, price-setters can charge more than their marginal cost, unlike in pure competition where firms are price-takers and products tend to be commoditized with little differentiation.
In the context of the given options, price-setters are associated with the following characteristics:
They tend to offer products that are unique.They price their products with an emphasis on targeting cost plus a desired profit margin, rather than being guided strictly by market prices.They are not generally operating in markets with a large number of competitors offering indistinguishable products.Hence, the correct answer is A. They tend to be unique.
Imagine that you are a member of the band and you want to purchase some items from a music supply store. Use what you've learned to create a purchase order that you will send to the vendor you've chosen. Feel free to be creative with the items and business names. Just be sure to include all of the required elements of a purchase order that we identified in this section.
Purchase Order
Vendor: Music Haven Supplies
Items: Electric Guitars, Drum Kit Deluxe, Bass Guitar
Quantity: 2, 1, 1
Total Amount: $3,800
Terms: Net 30 Days
Authorized by: [Your Name]
Purchase Order
Vendor: Music Haven Supplies
Address: 123 Harmony Street, Melodyville
Date: [Current Date]
Bill To: Rock Rhythms Band
Address: 456 Groove Avenue, Harmonytown
Ship To: Rock Rhythms Band
Address: 456 Groove Avenue, Harmonytown
Item Details:
1. Product: Electric Guitar
- Quantity: 2
- Unit Price: $800
2. Product: Drum Kit Deluxe
- Quantity: 1
- Unit Price: $1,500
3. Product: Bass Guitar
- Quantity: 1
- Unit Price: $700
total Amount: $3,800
Terms: Net 30 Days
Authorized by: [Your Name]
Notes: Please ensure prompt and accurate delivery. Thank you!
This Purchase Order is crafted in adherence to the identified elements, facilitating a seamless transaction with Music Haven Supplies for Rock Rhythms Band.
The video describes an instance in which Dominic discovered that a heart surgeon had just taken a new job at a large hospital where Dominic's major competitor's contract was up for renewal. What phase of the selling process corresponds best to this discovery?
Answer:
Prospecting
Explanation:
Prospecting is the initial phase in the business procedure, which comprises of distinguishing potential clients, otherwise known as possibilities. The objective of prospecting is to build up a database of likely clients and deliberately speak with them with expectations of changing over them from potential client to current client. Prospecting, done right, not just makes a pipeline of potential clients, it positions you as a confided in guide.
When the Writers Guild of America went on strike in 2007-2008, the union and studios met with a third party who helped continue negotiations and made suggestions for resolving the issues. While the union and studios benefited from considering the suggestions, they were not bound to follow them. This form of negotiation is called
Answer:
mediation
Explanation:
The Writers Guild of America and the film studios used a mediator when they started their negotiations. The mediator is an impartial third party that is present during the negotiations and tries to help both parties reach an agreement or settlement. The decisions taken by the mediator are not mutually binding so any party can accept or reject them. A mediator only helps to solve the problem, offers possible solutions, but shouldn't decide anything.
In order for the decisions taken by the third to be binding, the third party must be an arbitrator. In an arbitration process all parties involved must accept the decision of the arbitrator.
Carlyle Corporation reported net income of $360,000 and paid dividends of $125,000 on its common stock and $50,000 on its preferred stock. Common stockholders’ equity was $1,600,000 at the start of the year and $2,000,000 at the end of the year. Total assets were $2,200,000 at the start of the year and $2,600,000 at the end of the year. What is the company’s payout ratio? Group of answer choices
Answer:
0.347
Explanation:
Data provided in the question:
Net income = $360,000
Dividends paid on common stock = $125,000
Dividends paid on preferred stock = $50,000
Common stockholders’ equity at the start of the year = $1,600,000
Common stockholders’ equity at the end of the year = $2,000,000
Now,
Payout ratio
= ( cash dividends declared to common stockholders ) ÷ ( Net income )
= $125,000 ÷ $360,000
= 0.347
The basic characteristics of a pure capitalist system include the private ownership of the means of production and economic activity is coordinated through a system of markets and prices. True or False?
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.
The statement is true. Basic characteristics of a pure capitalist system include private ownership of resources, which are used according to their owner's desire. Economic activity is coordinated through a system of markets and prices determined by supply and demand, and civil liberties such as free speech and religion are crucial.
Explanation:True, the basic characteristics of a pure capitalist system do include the private ownership of the means of production. In a capitalist system, economic decisions and the pricing of goods and services are determined on the open market, where the laws of supply and demand prevail.
Individuals and businesses own the resources (e.g. labor, materials, land and capital) and have the right to employ them as they see fit. They are motivated by the pursuit of profit, which drives competition and innovation. Their economic activities are coordinated through a system of markets and prices. The market determines who gets what, how much they get, and under what conditions.
In capitalist systems, competition and consumer choice determine economic winners and losers. Also, there are civil liberties protected from governmental interference which are fundamental to capitalism such as freedom of speech and religion. The system is also characterized by its focus on individualism and competition, as opposed to the collective undertaking present in other economic systems like socialism or communism.
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On March 1, Green went to Easy Car Sales to buy a car. Green spoke to a salesperson and agreed to buy a car that Easy had in its showroom. On March 5, Green made a $500 down payment and signed a security agreement to secure the payment of the balance of the purchase price. On March 10, Green picked up the car. On March 15, Easy filed the security agreement. On what date did Easy’s security interest attach?
a. March 1.
b. March 5.
c. March 10.
d. March 15
Answer:
C: March 10
Explanation:
In this scenario he signed the security agreement on the 5th of March, picked up the car on the 10th of March, and filed the security agreement on the 15th of March.
Even though he signed the agreement on the 5th of March (which would be believed is the day that the security interest is attached), he only took it into his possession on the 10th. Only once you take the car into your possession does the security interest attach, since it is no longer in the possession of the car dealer.
Final answer:
The security interest of Easy Car Sales attached on c. March 10 when Green made the down payment and signed the security agreement.
Explanation:
The security interest of Easy Car Sales attached on March 5. This is the date when Green made a $500 down payment and signed the security agreement to secure the payment of the balance of the purchase price. The security interest attaches when the debtor signs the security agreement, which occurred on March 5 in this case.
He signed the agreement on March 5th, which is thought to be the date the security interest is attached, but he didn't actually take possession of it until March 10th. Since the car is no longer in the car dealer's ownership, the security interest only becomes attached when you have the vehicle.
Kenneth purchased a car from his local dealership, Quartent Cars. However, since the car was not available in the color that Kenneth favored, the sales contract stipulated that Kenneth could immediately pick up the car of his preferred color from a nearby warehouse. The warehouse was owned by Mr. Henderson. Kenneth received the document of title for the car upon payment and presented it to Mr. Henderson a week later. But Mr. Henderson informed Kenneth that the car was damaged during a fire at the warehouse. What role does Mr. Henderson fulfill in the contract?\
Answer:
Mr. Henderson is the bailee
Explanation:
In contract law, the bailee is the person or organization that receives possession of a property or products by a contract of bailment. The contract of bailment requires that the bailee returns the property or products back to the bailor (person or organization that gave them the property) when required. The bailee is responsible for safe keeping the property or products handed to them as part of the contract of bailment.
Convention hotels provide meeting rooms and banquet hotels to convention participants. Sometimes a specific convention may involve 2000 members or only 75 members. To take care of both sizes of groups, convention hotels have movable walls that allow them to expand or contract a facility as needed by the group. By modifying its facility, the convention hotels are able to:
Answer:
adjust capacity to match demand
Explanation:
Based on the information provided in regards to the Convention hotels, it can be said that by modifying its facility, the convention hotels are able to adjust capacity to match demand. This is because if the convention event is bringing an occupational demand of 2000 members then the hotel can expand it's walls, thus adjusting to the capacity that the demand requires. The same goes for smaller demand, they can just shorten the walls to shrink the venue so that it is more comfortable for the guests.
Suppose that last month, 1.00 U.S. dollar could purchase 0.75 euros, but this month it can purchase only 0.70 euros.
What do we say is happening to the value of the U.S. dollar and the euro?
Answer:
The value of dollar has depreciated while that of euro has appreciated.
Explanation:
The exchange rate for a currency is the rate at which it can be exchanged for another currency. It is the rate at which one currency can purchase another currency. If in the previous month the US dollar can purchase 0.75 euros then its exchange rate is $1 = 0.75 euros.
If this month a dollar can purchase only 0.70 euros, it implies that the euro is becoming expensive and the value of US dollars is decreasing.
In other words, we can say that US dollars are depreciating and euros is appreciating.
During the introductory stage of the product life cycle__________.a) The company yields very high profits.b) There is significant competition creating barriers to entry.c) The company is trying to recoup its marketing expenditures, such as promotions, research and development.d) Brand awareness is high due to product novelty.e) Brand loyalty is established.
Answer:
Letter c is correct. The company is trying to recoup its marketing expenditures, such as promotions, research and development.
Explanation:
The introductory phase of the product cycle is characterized by the insertion of the final product in the market.
In this phase the company focuses its efforts on the implementation of a marketing strategy such as promotions and advertisements that help reach the target audience. As it is a new product in the market, it is not common to have many competitors, but in return the profitability is also low, being common at this stage even financial losses.
Therefore, it is ideal to focus on customer-driven marketing so that the company begins to make profits.
Which NIMS Management Characteristic helps to eliminate confusion caused by conflicting instructions?A. Management by Objectives.B. Chain of Command and Unity of Command.C. Information and Intelligence Management.D. Accountability.
Answer:
B. Chain of Command and Unity of Command.
Items for which prices are comparatively stable and likely to be quoted on a list-price-less-discounts basis are called:
Group of answer choices sensitive commodities.
raw materials.
special items.
standard production items.
small value items.
Answer: The correct answer is "standard production items".
Explanation: Items for which prices are comparatively stable and likely to be quoted on a list-price-less-discounts basis are called: standard production items.
These standard production items are those that are obtained from countless sources in an easy way, generally the prices of these items are obtained from online catalogs and although prices may vary it is rare since they are quite moderate.
In terms of innovation streams, what ____ occurred when customers purchased flat-screen computer monitors to replace the older, bulkier monitors.
Answer:
Technological substitution.
Explanation:
Technological substitution is basically the substitute to another option product of technology.
Rayshard works for an automobile salvage firm. Last year he started going to monthly meetings with managers and coworkers to evaluate labor-saving ideas. One idea, raising the crane level by 8 feet to clear the building, saved them $2 million. Each of the employees received a $200 bonus for the implementation of that idea. What kind of compensation system is used?A PieceworkB. Scanlon PlanC. Time-saving bonusD. Merit payE. Group incentive
Answer:
B) Scanlon Plan
Explanation:
When a company uses a Scanlon plan incentive policy, it will share the profits resulting from cost saving ideas with its employees. The more money employees can help the company save, the more money they should receive as bonuses.
In this case, one of the ideas proposed by the employees saved the firm $2,000,000, so the company handed out $200 to each employee as a bonus.
Disruptive innovation is a process by which a product or service takes root initially in simple applications at the bottom of a market and then relentlessly moves up market. True or false
Answer:
The correct answer is True.
Explanation:
The concept of “Disruptive Innovation” is relatively new, it was introduced by Clayton Christensen in 1997 in the book “The innovators dilemma” and refers to how a product or service that originally was born as something residual or as a simple application without Many followers or users quickly become the leading product or service in the market.
Disruption therefore occurs when emerging companies use new technologies or new business models and outperform the market that were the leaders until then.
There comes a time when users do not perceive as a differential advantage the type of evolutionary innovation that has been applied to a product, because they no longer need all those new features that the manufacturer has added to increase the profit and then the manufacturer becomes vulnerable and the evolution of that particular product ceases to be decisive, from that moment the price of that product can become decisive or another product will arrive with a new disruptive technology that will compete with the previous product and with the established technology. The most normal is that new products or services are easier to use and cheaper than products that were already on the market before and thus quickly capture the interest of consumers.
An example of a noncooperative game is________.
a. a joint venture among agribusiness firms
b. none of the other answers
c. price competition among agribusiness firms
d. a joint investment among agribusiness firms
Answer:
c. price competition among agribusiness firms
Explanation:
A non cooperative game is a game where the players (individuals) in a game do not cooperate; the engage in competition in the hopes of earning the highest payoffs.
When firms in an agribusiness engage in price competition, they are not in cooperation and they are hoping to earn the highest revenue.
An example of a non cooperative game is the prisoners dilemna where confessing (Not cooperating) is the best strategy.
Q 11.19: Clayworks Corporation issued 300,000 shares of $5 par value common stock for $26 per share. During that year, the corporation sustained a net loss of $80,000. The year-end balance sheet would show
Answer:
The amount which the year end balance sheet will show Common stock of $1,500,000
Explanation:
As the corporation issued the 30,000 shares at the rate of $5 par value. So, the common stock is of:
= Number of shares × Price per share
where
Number of shares is 300,000
Price per share is $5
So, putting the values in the above:
= 300,000 × $5
= $1,500,000
Most economists believe that only a small gap between the wages of white males and the wages of other groups is due to education. Most of the gap is explained by discrimination. True g
Answer:
The answer to the question is TRUE
Explanation:
Education is one of the most influential determinants of wages, so it is a contributing factor to the racial wage gap. Different levels of education between races lead to different salaries for different racial groups. Education affects wages as it allows access to higher status occupations that offer higher profits.
When the education of the different groups becomes more equal, the wage differences decrease, although they do not disappear.
The racial wage gap of blacks and whites has been observed to differ in the public and private sectors. When the education of the different groups becomes more equal, the wage differences decrease, although they do not disappear.
Having a university degree worsens the gap, contrary to the belief that education is key to a more egalitarian society.
The growing inequality has had a greater impact among young black graduates with university degrees in the years after the Great Recession than during any other period.
In the particular case of race, it could be said that because black individuals are on average poorer and receive lower quality education, employers prefer not to hire them, however many of the black candidates may be better able to perform the job. than the average white workers. In this case, the best educated black individuals get lower salaries due to the characteristics assigned to the group in general.
The failures that occur in the labor market are caused by the low investment in human capital that they acquire as children, which is transformed into productive human capital in adulthood.
Parental education significantly increases the returns of children's education.
Although African Americans and whites had access to similar levels of education, almost 6 percent of blacks who had higher education had no job, while among whites unemployment stood at almost half, with 3.5 Percent of unemployed among graduates.
Which of the following statements is true?
a A negative balance on the financial account is a financial account surplus.
b A positive balance on financial account is a financial account deficit.
c A positive balance on the financial account means a positive balance on the current account.
d A negative balance on the financial account means a negative balance on the current account.
e A positive balance on the financial account is a financial account surplus.
Final answer:
The correct statement is that a negative balance on the financial account is a financial account surplus.
Explanation:
The correct statement is a) A negative balance on the financial account is a financial account surplus.
A negative balance on the financial account means that a country is a net lender to the rest of the world, indicating a surplus. Conversely, a positive balance on the financial account means a country is a net borrower from the rest of the world, indicating a deficit.
The current account balance is different from the financial account balance and measures the trade balance, including the balance of goods, services, and income flows. The two balances can have opposite signs.
In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have accounted for approximately 12% of GDP, while imports have more than tripled to over 15% of GDP. Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply.
Better high-speed rail lines
The widespread use of the Internet to conduct business
International trade agreements that lower tariffs and import quotas
Increases in the global population
Answer:
Better high-speed rail lines The widespread use of the Internet to conduct business International trade agreements that lower tariffs and import quotasExplanation:
Better cargo transportation services including high speed railroads, trucks and ships, all have helped increase international trade.
The internet and other improvements in telecommunications (e.g. smartphones) have changed our world, including the way business is done.
International trade agreements have lowered import tariffs, set a maximum tax rate for imports, and virtually eliminated import quotas in most developed nations (e.g. NAFTA and WTO).
The increase in international trade and finance since the 1950s is primarily due to international trade agreements, Internet usage for business transactions, and increases in the global population. The role of better high-speed rail lines is not as significant in global trade compared to these factors.
Explanation:The increase in international trade and finance since the 1950s can be attributed to several key factors. International trade agreements, which have lowered tariffs and import quotas, have increased the ease and profitability of global trade.
The advent and widespread use of the Internet for business transactions, has facilitated easier communication, faster transactions, and expanded the global marketplace. Increases in the global population have also boosted demand for goods and services, thereby increasing export and import activities.
Whilst better high-speed rail lines increase efficiency in goods transportation, they are more domestic- and continental-impacting, making their influence on global trade not as significant compared to the other factors.
Furthermore, since the early 1980s, imports have typically exceeded exports in the US, contributing to a trade deficit in most years. As such, the US has had to interact more with the international market, which reveals the increasing importance of international trade in the US economy.
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Zara is the publisher of "Luxe Ladies Magazine," which is a publication targeted to Millennial and Gen Z women. Because it is a small, new publication, some of the larger bookstores, convenience stores, and newsstands are not agreeing to distribute the magazine. Zara is very concerned by this trend, because she believes that her publication, like most magazines, needs ____________ distribution in order to succeed.
Answer:
Intensive.
Explanation:
An intense distribution marketing strategy is one that helps an organization sell its products or services at a large number of points of sale, so that it is easy to reach its potential audience. Generally in this strategy of intense distribution the points of sale are chosen in locations with easy access where there is a lot of people, such as supermarkets, drugstores and gas stations.
Answer:
Intensive distribution
Explanation:
Intensive distribution refers to trying to sell a product or service using the largest possible number of outlets. For example, convenience goods are intensively distributed, e.g. cold drinks, candy, magazines, etc.
The idea behind intensive distribution is that the products are widely available and consumers can buy them very easily and with minimal effort.
George's firm contracts to provide risk management services for a wide range of smaller companies that cannot provide the service for themselves. One of George's responsibilities at the end of each month is to review the threats encountered by the companies and put them into the appropriate categories.
Answer:
Extortion
Explanation:
Here is the complete paragraph
George's firm contracts to provide risk management services for a wide range of smaller companies that cannot provide the service for themselves. One of George's responsibilities at the end of each month is to review the threats encountered by the companies and put them into the appropriate categories.
One of his firm's clients details an incident in which a hacker — a former employee — thieved trade secrets from the client and threatened to release them to the competition if he was not paid. In which of the following categories should George place this incident?
Incremental analysis is the process of identifying the financial data that________.
a. do not change under alternative courses of action.
b. change under alternative courses of action.
c. are mixed under alternative courses of action.
d. None of these answer choices are correct.
Answer:
b. change under alternative courses of action.
Explanation:
Hello! Incremental analysis is a technique used for the help of decision making by assessing the impact of small or marginal changes. It is studied similar alternatives whose difference is marked by investment; the changes that can do the alternative choices are more interest in this business analysis.
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Final answer:
Incremental analysis is a crucial technique in financial decision-making, focusing on identifying financial data that change under different courses of action. It helps businesses in making informed decisions by concentrating only on the relevant costs and benefits that are directly influenced by a decision.
Explanation:
Incremental analysis is a fundamental concept in financial decision-making that aids businesses in evaluating the financial ramifications of several alternatives. The essence of incremental analysis is to identify and consider only those financial data that change under alternative courses of action. This technique allows businesses to focus on the costs and benefits that directly relate to a specific decision, rather than those that remain constant regardless of the choice made.
The correct answer to the given question is: b. change under alternative courses of action. Incremental analysis zeroes in on the 'incremental' or additional financial outcomes that result from choosing one option over another. This approach helps in optimizing financial decisions by carefully considering only relevant variables that impact the decision-making process.
Businesses use incremental analysis for various purposes, such as determining the cost-effectiveness of proposed changes, assessing the financial viability of new projects, and deciding between keeping or replacing equipment. By focusing on the financial data that change, companies can make well-informed decisions that enhance profitability and promote efficient resource allocation.
Ewa signs an instrument unconditionally promising to pay to "Sunny State Bank" $5,000 with interest in installments with the final payment due June 1, 2013.
50. Refer to Fact Pattern 24-2B. The instrument that Ewa signed is most likely
a. a certificate of deposit.
b. a draft.
c. an order to pay.
d. a promissory note.
Answer:
d. a promissory note.
Explanation:
A certificate of deposit is a product offered by banks in which people deposit an amount of money for a period of time to receive a specific interest rate.
A draft is a check that is guaranteed by the bank
An order to pay is an instruction given to the bank to transfer funds to a specific account.
A promissory note is a document in which a person commits to make payment for a specific amount on a certain date.
According to this, the instrument that Ewa signed is most likely a promissory note.