When an entire job is broken down into a number of steps, rather than being done by one individual, and each step is completed by a separate individual, it is called:?
The correct answer is work specialization. This is also known as division of labor in which this is being referred in regards with the degree of an organization that are likely to have a division of individual task into separate jobs.
Answer:
Division of labor
Explanation:
Division of labor is a system of breaking down a work process into different tasks where each task is handled by different individuals .
Advantages of this system includes
High productivity and efficiencyHigher profit due to reduced cost of productionIt also encourage economy of scale.Improved quality of outputs as continuous stay on a role leads to improved skills.Dis advantages are
MonotonyLack of job pride could occur with timeFailure of a unit of production will cause a chain effect on others.Transfer pricing is defined as ________. the means by which subsidiaries and affiliates charge each other as they exchange goods and services compensation paid to owners of intellectual property the process through which a parent deposits a large sum in a foreign bank, which transfers it to a subsidiary as a loan methods for transferring funds exclusively from foreign subsidiaries to parent corporations
When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable?
What are two variables needed to calculate demand?
the answer is: Price and quantity
Price refers to the monetary value needed to obtain the product while quantity refers to the amount of the product in the market.
As the price goes up, typically demand would fall since there would be less people that can afford to buy that products. As the quantity decreased, the product become scarce and this would increase the number of the demand of that product.
To calculate demand, two key variables are needed: the price of the product or service and the income of the consumers. Higher prices typically result in lower demand and higher consumer income can increase demand.
Explanation:
Two key variables needed to calculate demand are the price of the product or service and the income of the consumers. Price is directly linked to demand; a higher price generally leads to lower demand and a lower price typically results in higher demand. However, consumer income also plays a significant role; if consumer income is high, they are more likely to purchase goods and services even at a higher price, and vice versa.
An example could be a pricey designer handbag. If the price is reduced, demand may increase as more consumers can afford it (price variable). However, if there's a recession and many people lose their jobs, the demand may decrease even if the price is low because fewer people have sufficient income (consumer income variable).
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A dealer purchased a car for $19,500 and marked it up 15%. What is the sticker price of the car?
A. $2925
B. $24,599
C. $22,425
D. $24,500
$22,425 is the sticker price of the car.
15% of 19,500 is 2,925.
19,500+2,925= 22,425.
What is a car sticker price?The sticker price is the amount that the dealership advertises as the asking price when a car is put up for sale. This price includes extra fees for things like transportation (sometimes known as a destination fee), setup expenses, and dealer- or aftermarket-installed items. These extra fees are included in the car's final price and not the starting MSRP. The dealer is allowed to charge whatever he wants for the vehicle because the MSRP is only a suggested price.
Manufacturers and dealers occasionally falsely inflate the sticker price and then provide pretended reductions since many buyers claim they won't pay more than the asking price. Some automobiles could grow so well-liked that dealers can charge and sell for much more than the MSRP. The MSRP is the amount manufacturers advise dealers to charge for the car you want. The cost of manufacture, the brand and model, the particular trim choices, and the location of the car's sale are all factors that affect its pricing.
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If we receive a refund from our federal income tax, what does this mean?
A. Too much tax was withheld from our pay the previous year.
B. We didn't earn any income last year.
C. The right amount of withholding was taken from our pay the previous year.
D. Not enough tax was withheld from our pay the previous year.
Which factor sets the floor on setting a product's price?
a. customer's value perceptions
b. competitors
c. demand
d. product costs
e. revenue?
Different jobs within the same profession may require more or less education.
In what ways are taxes unfair to the middle income group than the low income group ?
Miguel is doing a research paper on new york city's stone wall riots of 1969. he visits the scene of the riots, interviews people who were there, reads the police reports of the event, and watches video footage. miguel is conducting a(n) ______.
a. overview
b. case study
c. experiment
d. data analysis
Miguel is conducting a case study on the New York City's Stone Wall Riots of 1969. He is conducting in-depth research by visiting the scene of the riots, interviewing people who were there, reading police reports, and watching video footage.
Explanation:Miguel is conducting a case study on the New York City's Stone Wall Riots of 1969. A case study is an in-depth analysis of a single event or situation. Miguel's research involves visiting the scene of the riots, conducting interviews with people who were there, reading police reports, and watching video footage.
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f an employer does not offer a retirement plan, what might be another way to save for retirement?
If an employer doesn't offer a retirement plan, a worker can save for retirement by opening an IRA, investing in stocks, bonds, and annuities with private firms, and starting early to maximize savings potential.
If an employer does not offer a retirement plan, there are still many other ways to save for retirement. It is crucial to plan for retirement early in your employment career to take the necessary steps to meet your retirement goals.
One alternative to employer-sponsored plans is to open an Individual Retirement Account (IRA), including Traditional IRAs and Roth IRAs, where taxes are deferred, or contributions are made with after-tax dollars, respectively. Additionally, you can invest in stocks, bonds, and annuities outside of employment, possibly using private firms that offer tax advantages.
Furthermore, despite contributing to Social Security through the Federal Insurance Contributions Act (FICA) tax, experts recommend saving more to ensure a comfortable retirement, as Social Security payments alone may not be sufficient.
The store paid $2.50 for a book and sold it for $5.25. what is the profit as a percent?
Answer:
110%
Explanation:
Took a test and got it right.
When making investments, your primary motivation should be:
To make money
To save on taxes
To have a lot of investments
To show your agent,
When making an investment, the primary goal of every investor is to make money. Investing is an activity undergone by any individual called investor to gain profit. Profit is the amount of money the investor can earn out of his/her investment. The primary goal of every investor is profit.
In a free market, prices lead to an efficient allocation of resources. in other words, _____.
Answer:
Resources are used in the most productive way, based on the needs of consumers and producers
Explanation:
As resources are scarce relative to the insatiable demands of human wants, economies are concerned with basic questions of allocation. ... In a market, resources are allocated based on the demand/supply in which prices plays an signalling function as it allocates resources to the production of different types of goods.
_________ seeks to minimize resource costs
a. effectiveness
b. efficiency
c. goal attainment
d. controlling
In addition to making shopping easy and convenient for the customer, an effective layout can?
A nominal amount of money, such as one dollar, is sufficient consideration to form a valid contract. this is true even if the other party's consideration is much more valuable.
Answer:
very true
Explanation:
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Health care, as a good, is best described by:
a. health care should be supplied by the government because it generates positive externalities.
b. health care should not be supplied by the government because the private market preserves incentives to improve health care with innovation and medical technology.
c. health care should not be supplied by the government because consumers pay a price well above the true cost of providing the service.
d. health care should be supplied by the government because it is nonexcludable.
e. both a and
b.
why do skilled and professional workers generally receive higher wages than unskilled and semiskilled workers
Skilled and professional workers are generally paid higher than the semi skilled or unskilled workers. This is because of the fact that Skilled and Professional Workers don't need any training to do the job. They have already educated in the field of their expertise that they don't require training. So because of this fact, they are paid higher than the semi skilled or unskilled worker, because semi skilled and unskilled workers require job training.
Training is the department in all organization where huge amounts are spent. So if already skilled professionals are hired, the cost of training for the company would decrease and they can hire the skilled workers at a high wage rate.
Also it is the game of demand and supply. There are usually less Skilled and professional workers. So the supply is less, demand is high. So their wage rate increases.
Beth's computer keeps locking up, and she is not sure why. she was told by the intern at her company's help desk that she should reboot her computer often. however she has noticed that the computer freezes when she opens more than two programs at a time. before she upgrades the ram, what else can she do to help alleviate this problem?
Phishing is looking for and reporting online scams.
True or
False
it would be false....
Phishing is looking for and reporting online scams. This statement regarding Phasing is false. The correct option is (B).
What do you mean by Phishing?A form of cybersecurity attack known as phishing involves malicious actors sending messages while posing as reliable individuals or organizations.
Since hackers frequently use the letter "ph" instead of the letter "f," at first they were called "phreaks."
Phishing is a form of social engineering attack that is frequently employed to steal user information, such as login credentials and credit card numbers.
It happens when an attacker deceives a victim into opening an email, instant message, or text message by disguising themselves as a reliable source.
Therefore, this statement regarding Phasing is false. Phishing is looking for and reporting online scams.
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An example of an externality is a situation where a bank opens a new office, and that new office causes deposits in the bank's other offices to increase.
Paul makes an offer to lynn in a written purchase order, saying nothing about how her acceptance should be sent. lynn indicates her acceptance by signing and returning the purchase order. lynn's acceptance is effective
a. when lynn decides to accept.
b. when lynn sends the signed purchase order.
c. when paul receives the signed purchase order.
d. in none of the above situations.
Lynn’s acceptance is effective when she decides to accept. By the time she decided to accept the offer, there was already meeting of the minds between Paul and Lynn. Therefore, the acceptance of Lynn is effective from the time she decided to herself that she would accept the offer regardless of the time when the acceptance was received by the other party.
Lynn's acceptance of Paul's offer is effective C. when Paul receives the signed purchase order. This is because the acceptance must be communicated to the offeror to be effective.
In contract law, the effectiveness of an acceptance depends on the circumstances and the method used to communicate that acceptance.
In Paul's case, he makes a written offer to Lynn without specifying how the acceptance should be sent. Since Lynn accepts the offer by signing and returning the purchase order, her acceptance is effective when Paul receives the signed purchase order.
This follows the principle that acceptance must be communicated to the offeror, thus making it effective upon receipt.
Jacob, a customer service representative for ab retailers, has seven levels of management between himself and the company's ceo. in contrast, his friend rhonda, a customer service representative for yz retailers, has only four levels of management between her and the company ceo. compared to yz, jacob's company has what type of organizational structure?
Give an example of a negative externality and an example of a positive externality
Final answer:
A negative externality example is air pollution from manufacturing, while a positive externality is a neighbor's actions enhancing a person's birdwatching experience. Additional examples of positive externalities include the broader societal benefits from vaccinations and neighborhood home improvements.
Explanation:
An example of a negative externality is air pollution caused by manufacturing activities. This pollution imposes health and clean-up costs on the entire society. The manufacturers may not bear these costs, leading to the production of more goods than would be if they were accountable for these external costs.
A scenario illustrating a positive externality would be a neighbor putting up birdhouses and planting trees, which attract birds for someone who enjoys birdwatching. This action increases the enjoyment and quality of life for the birdwatcher without any extra cost on their part.
Other examples of positive externalities include vaccinations and home improvements. Vaccinations protect the individual and provide herd immunity to others, reducing the spread of disease. When homes in a neighborhood are modernized, it increases the value of the upgraded homes and boosts other property values in the neighborhood.
After an exciting football game in which the home team loses by one point, a crowd of fans throws bottles and begins to tear up the field. this behavior is best understood in terms of:
The behavior is best understood in the term of deindividuation. This is defined as a concept in social psychology in which a person experience a thought of having to loss a self-awareness when he or she is involved to a group in which is considered to be a matter of contention.
Help please!!!
11. What is a factory building an example of? (1 point)
human capital
physical capital
an economic trade-off
technology
12. Which of the following is NOT a key economic question? (1 point)
What goods and services should be produced?
How should these goods and services be produced?
Who consumes these goods and services?
How should it be ensured that goods and services are paid for?,
When the interest rate on a bond is above the equilibrium interest rate, there is excess __________ in the bond market and the interest rate will __________. question 4 options: demand; rise demand; fall supply; fall supply; rise?
Select all that apply.
What type of positions will an employment agency help you find?
temporary part time
permanent full time
temporary full time
permanent part time
Final answer:
Employment agencies can assist with finding temporary part-time, permanent full-time, temporary full-time, and permanent part-time positions. They offer flexibility and act as a stepping-stone to more stable employment opportunities, contributing to the reduction of frictional unemployment.
Explanation:
An employment agency can help you find various types of job positions, including temporary part-time, permanent full-time, temporary full-time, and permanent part-time jobs. These agencies act as a bridge between employers and job seekers, offering opportunities for work that can range from short-term assignments to long-term careers. Whether you are seeking a temporary role that could lead to permanent employment or a flexible part-time position, employment agencies can provide valuable assistance in your job search.
The second scenario presented describes a job that offers very short-term employment, which allows you to be less selective and provides the flexibility to transition to other opportunities if desired. In contrast, professional positions that are more permanent require careful consideration due to the involved costs and time associated with changing jobs. Overall, the role of employment agencies helps to reduce frictional unemployment by providing temporary positions that can serve as stepping-stones to more stable employment, which has contributed to the growth of the temporary worker industry.
Final answer:
Employment agencies assist with finding temporary and permanent positions, which can be part-time or full-time. They act as a bridge to permanent employment and help reduce frictional unemployment.
Explanation:
An employment agency can help you find various types of job positions. These include temporary part-time, permanent full-time, temporary full-time, and permanent part-time roles. Temporary positions, whether part-time or full-time, offer short-term employment opportunities, which can sometimes serve as stepping-stones to permanent positions. Meanwhile, permanent job offerings are for more long-term and stable opportunities, whether on a full-time or part-time basis.
Employment agencies act as a clearinghouse for job seekers, providing a means to secure employment while searching for more permanent work. They can also give workers a tryout with potential employers, thus reducing frictional unemployment and facilitating job market mobility.
Describe at least one challenge of keeping a check register.
Answer:
The major challenges are
1. Discipline challenge
2. Accuracy issue
Explanation:
A check register is simply a document that is used to record all kinds of transaction that took place on your account. It records the debit and credit transaction on the account.
Most times, you can experience the challenge of keeping it updated and making mistakes with the recording.