Answer:
1. $125000
2. $50000
3. $75000
4. $25000
Explanation:
1. Implicit cost is the cost Joe must give up in order to run his business.
Thus,
Implicit cost = $50,000
$50,000 is the highest offer for employment he received.
2. Explicit cost refers to the total amount used in starting up the business, in this case, refers to the amount used in paying salaries and suppliers.
Thus
Explicit cost = $125,000
3. Accounting profits
= Revenue - explicit cost
= 200000 - 125000
= $75000
4. Economic profits
= Revenue - (explicit + implicit)
= 200000 - 125000 + 50000
= 200000 - 175000
= $25000
Answer:
1. $125,000
2. $50,000
3. $75,000
4. $25,000
Explanation:
Explicit cost is actual cost incurred. It is the total cost incurred by running the business. Explicit cost is $125,000
Implicit cost is also known as opportunity cost. Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. Implicit cost is $50,000.
Accounting profit is total revenue less total explicit cost.
Accounting profit = Revenue - Explicit Cost
$200,000 - $125,000 = $75,000
Economic profit is accounting profit less implicit cost or opportunity cost.
Economic profit = Accounting profit - implicit cost
$75,000 - $50,000 = $25,000
I hope my answer helps you
What is the difference between commodity money and fiat money?
Answer:
Please see answer in the explanation below
Explanation:
Commodity money can be defined as money that its value comes from the commodity with which it was made. That is, commodity money is money that is gotten as a result of the material from which the money was made. Examples of these materials are silver, gold, etc. These materials have intrinsic value on their own as the materials have a worth of their own before being used to make currency.
Fiat money on the other hand is defined as money that is declared as the legal tender by the government. That means that fiat money is the money that is acceptable as a medium of exchange for goods and services as issued by the government. Fiat money does not have intrinsic value.
Cheers.
The Keynesian cross shows: A) determination of equilibrium income and the interest rate in the short run. B) determination of equilibrium income and the interest rate in the long run. C) equality of planned expenditure and income in the short run. D) equality of planned expenditure and income in the long run.
Answer:
C. Equality of planned expenditure and income in the short-run
Explanation:
The Keynesian cross shows equality of planned expenditure and income in the short-run
The Keynesian Cross plots aggregate income(Y) on the horizontal axis and planned total spending or aggregate expenditure(AD) on the vertical axis.
The Keynesian cross diagram is a formulation of the central ideas in Keynes' General Theory.
From the attached diagram,
the upward sloping blue line represents the aggregate expenditure for goods and services by all households and firms as a function of their income.
The 45-degree line represents an aggregate supply curve which embodies the idea that, as long as the economy is operating at less than full employment, anything demanded will be supplied.
Aggregate expenditure and aggregate income are measured by dividing the money value of all goods produced in the economy in a given year by a price index. The resulting construct is referred to as Real Gross Domestic Product.
Huge Co. issues 170,625 shares of common stock ($1 par value) to acquire Little Co. in a purchase business combination. The market value of Huge's common stock is $9. Consulting fees incurred in relationship to the purchase are $80,000. Issuance and registration costs for the common stock are $50,000. What should be recorded in Huge's additional paid-in capital account for this business combination?
Answer: additional paid-in capital account for this business combination is $1,315,000
Explanation:
Number of shares = 170,625 at $1 par value
Market value = $9
Consulting fee = $80,000
Issuance and registration = $50,000
Investment (170,625 × $9). 1,535,625. Dr.
Consulting expenses 110,000. Dr.
Additional paid in capital is given by;
170,625 × ($9 - $1) - Issuance and registration fee
= $1,365,000 - $50,000
$1,315,000
Phil Armonic is actively engaged in the oil business and owns numerous oil leases in the Southwest. During 2019, he made several trips to inspect oil wells on the leases. As a result of these overnight trips, he paid the following:
Plane fares $4,000
Hotels 1,000
Meals 800
Entertaining lessees 500
Of the $6,300 in expenses incurred, he can claim as deductible expenses _________.
a) 6,300b) 5, 650c) 5,000d) 4, 650
Answer:
$6,300
Explanation:
Deductible expenses refer to expenses which can be deducted from a firm's total income before it can be subjected to tax. Expenses can either be deductibles or non deductibles. When referring to deductibles we mean, expenses which are incurred during the course of service. For example, when travelling for the inspection of a work,the air tickets, hotel bills and meal tickets are deductibles. Meanwhile, in determining non deductibles, we mean, expenses which do not affect tax activities. These include, insurance, capital equipment personal activities, political donations or funding and charitable doings.
Here, everything in the question is assumed as deductibles because they are incurred in the course of service and they affect tax activities
Answer:
B ($5,6500)
Explanation:
Deductible expenses are the expenses incurred in the course of conducting normal business activity and qualify to be claimed from the company's income before it is presented for tax purpose. These expenses must be directly related to business purpose. Examples are administrative expenses , travelling , automobile expenses etc.
Some are claimed immediately while some are spread over a period of time and some seemingly business related expenses like bribe , traffic ticket are not qualified for deduction.
Workings
Plane fare - $4000
Hotel - $1000
Meals $400 ( 50% can be claimed as personal element is included )
Entertainment $250 (50% can be claimed as it includes personal element)
Total deductible expenses - $5650
Refresh Inc.’s debt to Spring Water Company is past due. Spring brings a legal action against Refresh to collect the debt. Spring asks the court to order Tempo Bank, in which Refresh has an account, to pay a portion of the funds to Spring.
This is a request for:
A. a writ of execution.
B. an order of garnishment.
C. an order that would violate most state laws.
D. an artisan’s lien.
Answer:
The correct option is B,an order of garnishment.
Explanation:
An order of garnishment is a way of enforcing court judgement whereby a third party who is indebted to the judgement debtor is ordered by the court to pay the damages awarded against the judgement debtor directly to the judgement creditor.
In this instance,Refresh Inc, is the judgement debtor whereas Spring Water Company is the judgement creditor(beneficiary of the judgement) and Tempo Bank is the third party that would act on the order of the court.
The request from Spring Water Company to the court is known as an order of garnishment. This legal tool directs a third party owed money by the debtor to instead pay the creditor. It is commonly used in debt collection.
Explanation:Spring Water Company's request to the court is known as an order of garnishment. An order of garnishment is where a court orders a third party that owes money to the debtor to instead pay the debt to the creditor. In this case, the court would order Tempo Bank to pay the funds that Refresh Inc. has in its account to Spring instead of giving it to Refresh. This type of order can be used to collect debts when the debtor fails to pay as agreed. It does not violate most state laws, and it is a common legal tool used in debt collection. It's unrelated to a writ of execution, artisan’s lien, or any violations of state laws.
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"Health Insurance, Inc., believes that its employees waste work time talking and texting on their own phones. The employer notifies its employees that it will monitor these communications. Some employees file a suit, claiming a violation of privacy. The court is most likely to hold that, with respect to the employees’ own phones,"?
A. federal law prohibits the employees’ privacy claim.
B. they have a reasonable expectation of privacy.
C. federal law prohibits the employer’s "intentional interception."
D. the employer did not violate the employees’ privacy rights.
Answer:
Option B
They have a reasonable expectation of privacy.
Explanation:
By Federal laws, the employees of an organization are entitled to a reasonable amount of privacy.This is seen in a more general term as "the right to be let alone." This means that they have a right to have their cellphone activity kept private and not monitored by the company.
Definitely, the court will rule in the favor of the employees because the monitoring of employees cellphones is against the privacy laws of the nation
A foreign subsidiary's functional currency is its local currency, which has not experienced significant inflation. The weighted average exchange rate for the current year would be the appropriate exchange rate for translating:
Wages Expense Sales to Customers
a) Yes No
b) Yes Yes
c) No Yes
d) No No
Answer:
b) Yes Yes
Explanation:
Wage expenses are a cost incurred by the companies to pay to the hourly employees and may also include the payroll taxes and the benefits that are paid to the employees. The weighted average exchange rate may vary from one year to another depending on the number of the business days. Sales to the customers would also be not affected as the changes in the exchange rates by the foreign subsidy functional currency in ts local currency has not been inflated.You work for a food-processing plant that manufactures corn tortillas. You have been asked to review the activities of upstream management to determine if costs can be cut in that area. Which activities listed below will be your concern?
Select all that apply.a. Contacting the farming cooperative to negotiate the price of corn for your upcoming contract.b. Checking the feasibility of raising the price at which corn tortillas are sold to your business customers.c. Investigating the possibility of diversifying into producing not only corn tortillas but flour tortillas as well.d. Decreasing the cost resulting from returns due to improper handling and packaging of corn tortillas.
Answer:
A) Contacting the farming cooperative to negotiate the price of corn for your upcoming contract.
Explanation:
You need to cut upstream costs, which means costs related to the supply of materials, parts and components, and the processing of the final goods.
Upstream costs include the price of raw materials and in this case, the raw materials are bought from a farming cooperative. By negotiating a lower price for corn with them, you can actually reduce your upstream costs.
The correct options are a and d. Key upstream management activities to cut costs in a food-processing plant are negotiating corn prices and reducing costs related to returns.
Upstream management activities that would be a concern for cutting costs are:
Contacting the farming cooperative to negotiate the price of corn: By negotiating a lower price for corn, the cost of raw materials can be reduced.Decreasing the cost resulting from returns due to improper handling and packaging: By addressing return issues, costs can be cut.These activities directly impact production costs and can lead to cost savings in the manufacturing process.
Teresa, the owner of Plant Fantasies, communicates the landscape design requirements to her employees in the flower department multiple times. This is an example of:________.
a. upward communication.
b. downward communication.
c. horizontal communication.
d. Informal communication.
Answer:
The answer is downward communication (Option B)
Explanation:
Downward communication is said to have taken place when information is relayed from superiors to subordinates. In other words, it is the kind of information that flows from people at the top of an organization structure (superior) to those at the bottom (subordinates).
Teresa (in the question) belongs to the top of her business or company (Plant Fantasies). She carried out downward communication by informing her employees (subordinates) in the flower department about landscape design requirements.
Downward communication could be oral or written. The oral takes the form of meetings, speeches and telephonic conversations e.t.c. On the other hand, the written takes the form of electronic displays, manuals, handbook, manuals, notices e.t.c.
A 10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the price of macaroni and cheese. From this information, we can assume: A 10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the price of macaroni and cheese. From this information, we can assume:_______.
a. macaroni is a normal good and price elasticity of demand is greater than 1.
b. macaroni is an inferior good and price elasticity of supply is equal to zero.
c. macaroni is an inferior good and price elasticity of supply is infinite.
d. macaroni is an inferior good and price elasticity of demand is less than.
Answer:
macaroni is an inferior good and price elasticity of supply is infinite.
Explanation:
An inferior good is a good whose demand increases when income falls and falls when income increases.
A normal good is a good whose demand increases when income rises and decreases when income falls.
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price.
Price elasticity of supply = percentage change in quantity supplied / percentage change price
Percentage change in quantity supplied = not given
Percentage change in price = 0 (because the question states that there was no change in price)
Any figure divided by zero gives infinity.
I hope my answer helps you
Final answer:
Macaroni and cheese is an inferior good, as demand decreases when income increases, showing a negative income elasticity of demand. The correct answer option is (b), implying the price elasticity of supply is zero, although this is an assumption based on the context given. The correct option is b.
Explanation:
A 10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the price of macaroni and cheese. This information suggests that macaroni and cheese is an inferior good. When we talk about the income elasticity of demand, it refers to the ratio of the percentage change in demand to the percentage change in income. In the case of an inferior good, this elasticity is negative, indicating that as income increases, quantity demanded decreases. It is important to note that this situation does not necessarily relate to the price elasticity of supply, which measures how much the quantity supplied of a good changes in response to changes in price. Since the price of macaroni and cheese does not change, we cannot infer about the price elasticity of supply.
The correct option is therefore (b): 'macaroni is an inferior good and price elasticity of supply is equal to zero.' This implies that despite changes in income, the price of macaroni and cheese stays constant, assuming that supply is perfectly inelastic within the context of the question. However, the typical definition of a supply with price elasticity of zero would mean that the quantity supplied does not change regardless of the price change. Since the question does not provide information on how the quantity supplied is affected by the price, this interpretation is an assumption.
Which of the following statements about entrepreneurs is FALSE? A. Entrepreneurs are people who start a new business. B. Entrepreneurs assume all the rewards of starting a new business. C. Entrepreneurs aren’t exposed to any risk when starting a new business. D. Entrepreneurs often come up with new ideas for their business.
Answer:
C. Entrepreneurs aren’t exposed to any risk when starting a new business.
Explanation:
Entrepreneurs are the person who starts their own business and took a financial risk from the start. Entrepreneurs manage the activities on their own, develop new ideas. and create the team for the benefit of the organization
Therefore, Entrepreneur exposed to the financial risk while starting their own business
hence, the correct option is C.
Billy's occupation is a potentially dangerous one long dash— he is a skydiving instructor. His agent pointed out that the monthly premiums will be high. Billy wants a lot of value for his money. He could take advantage of ______ life insurance at this time to save money.
A. whole.
B. variable.
C. universal.
D. credit.
E. term.
Hill Fog is a brand of bottled water in India. Asif, the marketing manager at Hill Fog, is aware of the global environment and is considering initial foreign involvement in the United States to expand production volume and realize economies of scale. Hill Fog is in the _____ stage of international development.
Answer:
The correct answer is Domestic Stage/First Stage.
Explanation:
In the first stage of the international development of a company, also known as the national stage, the orientation and operation of an organization is based on the local area, its market capacity is limited to the country of origin. However, its managers seek to transcend borders to publicize their products / services globally, initially intervening in some international market to expand their production volume and achieve economies of scale.
After thirteen years as a laborer for Hendrix Construction, Jimmy was promoted to the position of foreman. He is directly responsible for assigning various jobs to his work crew and evaluating their performance on a daily basis. Jimmy is now a member of:
A. top management.
B. middle management.
C. supervisory management.
D. forward management.
Answer: Jimmy is now a member of SUPERVISORY MANAGEMENT.
Explanation: Supervisory management in an organisation is defined as a person with the official task of overseeing the work of a person or group, or of other operations and activities.
They are directly responsible for supervising workers and evaluating daily performance.
They spend most of their time on technical and human relations skills.
Final answer:
Jimmy's promotion to a role where he is in charge of assigning work and evaluating the performance of a crew at Hendrix Construction puts him in the category of supervisory management, which is answer C.
Explanation:
After working as a laborer for Hendrix Construction for thirteen years, Jimmy has been promoted to a role where he is responsible for assigning work and evaluating the performance of his crew. This promotion positions Jimmy in the role of supervisory management, as he is now in charge of overseeing his coworkers on a daily basis and ensuring that their work meets company standards. He is not a part of the top management, which deals with the overall direction and strategy of the company, nor is he part of middle management, which typically involves managers who oversee several junior managers or departments. His role does not align with the nonspecific term 'forward management.'
The answer to the question is C. supervisory management. This level of management is essential in businesses for maintaining a direct operational control over the tasks at hand and providing immediate guidance and supervision to the members of the work crew.
Alpha inc. Is a firm that relies heavily on monitoring its employees to make sure they are exerting effort. Which characteristic is more likely to be associated with alpha inc.?
Group of Answer Choices:
Tall hierarchy
Payments closely linked with performance
Forward vertical integration
Backward vertical integration
Answer:
Payments closely linked with performance
Explanation:
When the job is paid based on the performance of the employee the company then closely monitors the progress and the quality of the work done of the employee to reward them accordingly. If the employee is exerting lower level of effort then they are paid lower and vice versa. So the most likely characteristic associated with Alpha Incorporations is that it pays according to the performance of each employee.
As the human resources manager for Spring Engineering and Manufacturing Corp. in Canton, Michigan, Kim Radeback had to find inexpensive ways to reward high performing employees and bolster morale during a sales-flattening economic downturn. Radeback had to engage in which management function?
a.Evaluating
b.Leading
c.Controlling
d.Organizing
e.Planning
Answer:
C. Leading
Explanation:
A manager engaged in the management function of leading is inspiring and motivating workers to continue to work hard to achieve organizational plans.
Communication to managers is of vital importance because it ________. Grupo de opciones de respuesta demonstrates the manager's depth of knowledge immediately results in an increase of revenue indicates technological advancement greatly helps in negotiating future plans
Answer:
greatly helps in negotiating future plans
Explanation:
The process of communication is important as it related to the exchange of information and thus sharing of information and plan of action is possible. This information is necessary to be exchanged as it helps to promote the organization's goals and objectives and as well as increase the profits of the company and may include the medium as the T.v radio and print mediums. It Includes the top-down, bottom-up and the horizontal communication through the web-based, telephonic, and by presentations.In the context of integrating the dimensions of culture, which of the following are very useful in depicting what countries appear similar in values and to what extent they differ from other country groupings?
A. Cluster distribution
B. Use of pie charts
C. Normal distribution
D. Use of concentric circles
Answer:
A. Cluster distribution
Explanation:
Base on the scenario been described in the question, the context which is very useful in depicting what country appear similar in values to some extent they differ from other country groupings is cluster distribution
A cultural cluster distribution is a distinct group of nations that are close in regional proximity and they share or have a similar economic, development history, religion, and other factors .
Nick has saved $30 per week to buy a new Blu-ray player. He compares two different models: a Panaview that is priced at $130 and a Zony model that is priced at $140. Nick decides to purchase the Zony Blu-ray player for $140.
Identify what role money plays in each of the following parts of the story.
1. Nick can easily determine that the Panaview model has a lower price than the Zony model.
2. Nick saved $30 per week.
3. Nick pays $140 for the Blu-Ray player.
Answer:
1. Nick can easily determine that the Panaview model has a lower price than the Zony model. - Unit of Account.
One of the three roles money plays is that of Unit of Account. Money is used to measure the values of goods and services accurately, so that their values can be assessed, and more importantly, compared.
2. Nick saved $30 per week. - Store of Value.
Another one of the three roles of money is that of Store of Value. Money is a good that has intrinsic value, and can be amassed to save for the future.
3. Nick pays $140 for the Blu-Ray player. - Medium of Exchange.
The final role that money plays is that of Medium of Exchange. Money is a good that can be used to facilitate exchange among other goods and services because it can be easily stored, it works as a unit of account, it is accepted by many people, and it has some sort of official authority backing it.
C. calculate the dollar value of us bonds held by the chinese government. explain how you determined your answer. identify the relationship between financial inflows and outflows for each country ( ____/5)
Answer:
The Chinese government holds $200 of U.S. bonds.
Explanation:
LThe Chinese government holds $200 of U.S. bonds. This is so because of payments must the same to each other and since the U.S spent a total of $2,100 and the Chinese as we can see also spent a total of $1,900 with the bonds not been included, getting the difference between them American and Chinese bond ($2,100-$1,900) which is $200.Financial Account for U.S =$200 and the Financial Account for Japan=$800 For the U.S., it is more money coming in than out so it has a $600 Financial account Surplus. China has a $600 outflow or money going out, for this reason China will be the one having a deficit in its financial account.
Answer:
Japan and China are the largest foreign holders of US debt. By January 2018, China held $1.17 trillion of US debt, which is a lot of money. But it has decreased to $1.1 trillion by January 2020 (still is a lot of money).
Current American national debt is approximately $23.4 trillion, so China's share is almost 5%. Currently only Japan owns more national debt than China, with $1.17 trillion approximately.
What both countries have in common is that the US has a trade deficit with them. Logically we can assume that countries that have high trade surpluses with the US, will also have large amounts of US securities. Both China and Japan benefit from trading with the US and instead of taking money, they take home US securities. The financial outflow to those countries is larger than the financial inflow from those countries.
Mason Company purchases a piece of land for $200,000. Mason Company paid $4,000 in brokerage commissions, $12,000 to clear and remove an unwanted building, $4,000 for building permits to construct a new building, $600,000 to construct a new building, and $2,000 in delinquent property taxes.
What is the amount to be capitalized (debited) to the Land account from this purchase?
Answer:
$218,000
Explanation:
The cost of the land includes the purchase price + brokerage commissions + clearing and removing expenses + related taxes:
$200,000 + $4,000 + $12,000 + $2,000 = $218,000
Building permits plus the actual cost of the building must be recorded under a separate asset account (buildings) since they can be depreciated, while land cost cannot.
When the Federal Reserve wants to decrease the money supply, it can: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices lower the required reserve ratio. raise the required reserve ratio. buy Treasury bills. lower the discount rate.
Answer:
Raise the required reserve ratio.
Explanation:
The reserve ratio is the amount of reserves that commercial banks must hold as a percentage of the total amount of funds.
In the United States, the reserve ratio is currently around 10 percent, which means that banks must keep 10 percent of their total demand deposits as reserve.
Because commercial banks literally create money when they make loans, loans that are made with the money they obtain from the demand deposits that users provide, raising the reserve ratio is a powerful tool that the Federal Reserve has if it wants to decrease the money supply.
This is because a higher reserve ration means that commercial banks will have to keep more demand deposits as reserves, reducing the amount of funds they can loan out, in turn decreasing the quantity of money that they create, which lowers the money supply.
On January 1, 2021, the Esquire Corporation purchased equipment at a cost of $165,000. The equipment was expected to have a service life of 10 years and a $15,000 residual value. The straight-line depreciation method was used. At the beginning of 2023 the estimate of residual value was revised from $15,000 to zero. Depreciation for 2023 should be:
Answer:
$45,000
Explanation:
Equipment cost: $165,000
We substract first the residual value of $15,000
Depreciable amount = $165,000 - $15,000
= $150,000
By the straight-line method, we divide the depreciable amount by the number of useful life years to obtain the depreciation per year:
Depreciation per year = $150,000 / 10 years
= $15,000
The equipment was purchased in 2021, it means that 3 years will have passed by the end of 2023. To find the depreciation expense at this moment in time we multiply the previous number by three.
Depreciation for 2023 = $15,000 x 3
= $45,000
The depreciation for 2023 after adjusting for the residual value is $15,000.
Explanation:The initial book value of the equipment is the cost minus the initial residual value, which is $165,000 - $15,000 = $150,000. This value is then depreciated equally across 10 years which is $15,000 per year. However, at the beginning of 2023, the residual value was revised from $15,000 to zero. This means the remaining book value after 2 years (which is $120,000) will be depreciated over the remaining 8 years, giving a depreciation amount of $15,000.
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A saleswoman works for a base salary of $420 a month plus 6% commission on all the merchandise she sells beyond $7,000. If she sells $8,200 worth of merchandise in one month, what will her total salary be for the month? The total salary for the month would be:
Answer:
$492
Explanation:
The computation of the total salary for the month is shown below:
= Base salary of a sales women + commission amount
where,
Base salary of a sales women = $420
And, the commission amount is
= ($8,200 - $7,000) × 6%
= $72
So, the total salary for the month is
= $420 + $72
= $492
Basically we added the base salary and the commission amount for computing the total salary
Suppose a basket of goods and services has been selected to calculate the consumer price index (CPI) and 2002 has been chosen as the base year. In 2002, the basket’s cost was $76.00; in 2004, the basket’s cost was $79.50; and in 2006, the basket’s cost was $85.00. The value of the CPI (rounded up) was: Group of answer choices no more than 90 in 2001. at least 118 in 2007. 120 in 2006. 90 in 2002. 105 in 2004.
Answer:
105 in 2004.
Explanation:
year basket price CPI
2002 $76.00 100
2004 $79.50 105
2006 $85.00 112
2004 CPI = $79.50 / $76 = 1.05 x 100 = 105
2006 CPI = $85 / $76 = 1.12 x 100 = 112
The consumer price index (CPI) measures the weighted average of the prices of a basket of goods and services in 21 urban centers in the US (each urban center includes more than 1 city, some include several). The information is gathered, processed and presented by the US Bureau of Labor Statistics (BLS). The CPI is used an an economic indicator (used to calculate inflation rate), or deflator, and to adjust the value of the US dollar (e.g. adjusting social security payments).
Firms participate in strategic alliances for all of the following reasons EXCEPT to: Group of answer choices retain tight control over intangible core competencies. enter competitive markets more quickly. create value that they could not develop by acting independently. gain access to resources.
Answer:
Retain a tight control over intangible core competencies
Explanation:
Strategic strategy is defined as the coming together of different firms in order to achieve a shared or common objective , while still remain as individual firms. It believes in the principle o synergy that individuals will achieve more if they perform a common task together rather than combining the individual result of the same task performed different. (1+1 greater than 2)
However , this can not give a control over intangible core competencies of members companies.
Answer:
Retain tight control over intangible core competencies.
Explanation:
Strategic alliances are considered as agreements that exist between two companies to carry out a project while being independent. This project is beneficial to both parties. It does not require the complexities that exist in a joint venture which makes the agreement less binding.
Some reasons for strategic alliances is to improve the product line of a company or to penetrate a new market or to have an edge over a competitor.
Companies work hand-in-hand to achieve a mutually beneficial goal or target.
Karena was laid off, but she is expecting to be recalled. She has not looked for work since being laid off. Nathan is not employed, nor was he laid off. Who is counted as "unemployed" in the U.S. labor force statistics?
Answer:
B. 1) Karena and 2) Nathan, if Nathan has looked for work during the previous four weeks
Explanation:
Both Karena and Nathan are counted as unemployed according to the U.S labor force statistics.
Unemployment refers to the inability of a willing and able Individual who falls in the labor force category of a country to get a suitable job.
The labor force age group of countries differ from each other but it is usually between the age of 18-65 years.
Unemployment is a situation in which a person who is willing to work coupled and has ability(phycal, emotional) to work does not get a job.
There are different types of unemployment which includes:
1. Structural unemployment
2. Cyclical unemployment
3. Seasonal unemployment
4. Frictional unemployment
5. Underemployment
The correct answer is that Karena is counted as unemployed in the U.S. labor force statistics.
To be classified as unemployed according to the U.S. Bureau of Labor Statistics (BLS), an individual must meet the following criteria:
1. They must be jobless.
2. They must be available to work.
3. They must have actively looked for work in the prior four weeks or are waiting to be recalled to a job from which they have been temporarily laid off.
Karena was laid off and is expecting to be recalled. Even though she has not looked for work since being laid off, she is considered unemployed because she is jobless, available to work, and waiting to be recalled to her previous job.
Nathan, on the other hand, is not employed and also was not laid off. Since there is no mention of him actively looking for work in the prior four weeks, he would not be counted as part of the labor force and thus would not be considered unemployed. Individuals who are not employed and not actively looking for work are classified as not in the labor force.
Therefore, based on the criteria set by the BLS, Karena is the one who is counted as unemployed in the U.S. labor force statistics.
Gaming Inc. is a popular video game console manufacturer with almost 150 video games to its credit. It has recently launched a special line of adventure video games based on a popular movie character exclusively for its young customers in the age group 5–12. In this scenario, which of the following market segmentation approaches is Gaming Inc. using?
Answer:
Niche Marketing
Explanation:
Niche marketing is a form of marketing/advertising strategy whereby the producer or organization focuses on a particular group or type of target market. It is a marketing strategy that involves focusing on a small segment of a larger market. It is aimed at solving the needs of a unique target market. In this case, the target market is kids or young customers belonging to the age group of between 5 - 12 years of age.
Two leading home appliance companies, Redwood Inc. and Boxer Technologies, are in competition for market share. In their quest for exciting new products, Redwood employs an open innovation model, while Boxer pursues a closed innovation model. Which of the following statements is most likely true?
A. Redwood is most concerned with securing first-mover advantages.
B. Boxer will protect its intellectual property with patents and trade secrets.
C. Redwood has a greater chance of capturing market share.
D. Boxer has a superior absorptive capacity.
Answer:
Option B
Explanation:
Open innovation framework includes strategic, controlled transfers of knowledge with actors beyond an organization's borders, seeking to incorporate their expertise and experience into the creative cycle of the organisation itself.
Whereas, A closed development is focused on the assumption that the businesses itself produce developments. The innovation cycle usually occurs exclusively inside the business, from the production of concepts to the creation and advertising.
Thus, from the above we can conclude that the correct option is B.
(Brainliest only)
12. The price at which a nation's currency can be bought using another nation's currency is known as
O A. consumer advantage.
O B. globalization.
O C. the rate of exchange.
O D. currency trade.
Answer: C.
Explanation: THE RATE OF EXCHANGE