Answer: Fractional reserve banking
Explanation:
Fractional-reserve banking is a common form of banking that is practised by commercial banks worldwide. It involves banks in every part of the world. Fractional reserve banking is the acceptance of deposits from customers and then making loans to borrowers, while the reserve a fraction of the deposit liabilities of the bank is held.
From the question, Maria makes a deposit of $10,000 into the savings account she uses at Smalltown Bank and the bank holds 20% of the deposit she made and later lends the remaining $8,000 to another customer is an example of fractional reserve banking.
During august, boxer company sells $361,000 in merchandise that has a one year warranty. experience shows that warranty expenses average about 5% of the selling price. the warranty liability account has a credit balance of $12,300 before adjustment. customers returned merchandise for warranty repairs during the month that used $8,900 in parts for repairs. the entry to record the estimated warranty expense for the month is:
Answer:
Debit Warranty Expense with $18,050; and credit Estimated Warranty Liability with $18,050.
Explanation:
Estimated warranty expenses = Selling price × 5% = $361,000 × 5% = $18,050
Therefore, the entry to record this to debit Warranty Expense with $18,050; and credit Estimated Warranty Liability with $18,050.
This will look in the journal as follows:
Details Dr ($) Cr ($)
Warranty Expense $18,050
Estimated Warranty Liability 18,050
To record the estimated warranty expenses for the month
If all projects are assigned the same discount rate for purposes of evaluation, which of the following could occur? A. Highminusrisk projects could be accepted when in fact they are poor investment choices. B. Lowminusrisk projects could be rejected when in fact they are good investment choices. C. Highminusrisk projects could be accepted when in fact they are good investment choices. D. All of the choices could occur when using a single discount rate for all projects.
Answer:
D. All of the choices could occur when using a single discount rate for all projects.
Explanation:
The discount rate is the rate of return that is used to discount the cash flows analysis in determining the present and future values of cash flows. The discount rate also called the discounted cash flow analysis follows the valuation method based on the time concept of money the DFC helps to find out the variability of the project by calculating the present values by the discounted rate. Thus if all the projects are assigned the same discount rates then the aim of revaluation of the project choices will be the same for all the projects like investing in standards assets like the bonds.. "Place" decisions: A. may focus on the location of retail stores and wholesale facilities. B. may focus on the selection and use of intermediaries and collaborators. C. can be aided by knowing about the product classes. D. are harder to change than Product, Promotion, or Price decisions. E. All of these choices are correct.
Answer:
E
Explanation:
All of these choices are correct.
Place refers to the channels of distribution either through distribution/market channels and physical distribution. It is a vital part of the total marketing mix, it ensures that products are available to the appropriate markets, at the right proportion or quantity, at the best condition, appropriate time, anytime and at all times.
Refer to the scenario below to answer the following questions.The Treble Clef sells music books, musical instruments, and novelty gifts of a musical nature. In recent years, owner Gary Zahn has served as the local representative of several musical instrument manufacturers, providing a contact person for three local schools. He sends a sample of a manufacturer's products to schools that request a demonstration or presentation. "If we don't have it, we can definitely get it for you," Gary tells all Treble Clef visitors and customers.Most walk-ins are particularly interested in a specific piece of sheet music from a particular era or just browsing among the hundreds of music knick-knacks in the store. Gary spends most of his time making presentations to beginners at the local schools and making biweekly visits to the schools to deliver instruments, make minor repairs, or pick up instruments to ship to the manufacturer for more complicated repairs.After establishing a loyal customer base, Gary was convinced that a Treble Clef Web site could benefit a variety of customers. He began with a simple Web site which provided information about the store and the types of gifts and services available. The site received so much response that Gary added a question-and-answer option. Questions poured in, ranging from "Where can I get sheet music for 'Hello, Dolly'?" to "Do you carry clarinet reeds?" to "My saxophone needs two new pads. When will you be at Elmhurst School to repair it?" The Web site is now able to accept credit card orders, and gifts can even be wrapped and shipped for no extra charge."This Web site idea was fantastic!" Gary admitted. "It allows us to be so responsive. And our novelties sales have doubled!"Which of the following best describes Treble Clef?A) click-only companyB) click-and-mortar companyC) brick-and-mortar companyD) shell companyE) buy-here pay-here companyGary sends samples of sheet music to schools for demonstration or presentation. Which of the following types of marketing is being illustrated from this statement?
A) kiosk marketing
B) ambush marketing
C) direct-mail marketing
D) telemarketing
E) direct-response television marketing
Answer:
1) Option B) Click - and - mortar company
2) Option C) Direct - mail marketing
Explanation:
1) A click and mortar company is a type of business model that has both online and offline operations, which typically include a website and a physical store.
Since Treble Clef has a website for attending to customers and also a store for physical sales, it is a click and mortar company
2)A direct - mail marketing is a marketing technique that uses a mail service to deliver a promotional piece to your target audience. Direct mail encompasses a wide variety of marketing materials, including brochures, catalogs, postcards, newsletters and sales letters.
Since Garry sends these samples of sheet music to these schools directly for presentation or demonstration, it is a direct mail marketing.
1) the choice is B) Click - and also - mortar company may be a form of business model.
2) the choice is C) Direct - to mail marketing may be a marketing technique.
What are the categories of Marketing?1) A click-and-mortar company could be a style of a business model that has both online and offline operations, which usually include a website and a physical store.
Since clef features a website for progressing to customers and also a store for physical sales, it's a click and mortar company
2) Direct - mail marketing could be a marketing technique that uses a postal service to deliver a promotional piece to your audience. junk mail encompasses a large form of marketing materials, including brochures, catalogs, postcards, newsletters, and sales letters.
Since Garry sends these samples of a piece of music to those schools directly for presentation or demonstration, it's instantaneous mail marketing.
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John was recently hired by Backstreet Books, an eclectic bookstore in a large college town. At the beginning of the first day on the job, his store manager handed him a small booklet consisting of company rules. He was asked to read it and sign and submit the last page, before starting work. Among other things, the rules explicitly discussed reprimands for grievous behavior and dismissal if the firm could prove that the employee was stealing product from the store. This booklet represented the ___________ of the store. A. company-based ethicsB. compliance-based ethicsC. integrity-based ethicsD. whistleblowing-based ethics
Answer:
B. Compliance based ethics
Explanation:
Compliance based ethics are ethical principles of an organization indicating the prevention, detection and punishment of non compliant behaviour. They are rules and regulations in which employees are expected to comply to. They are rules and guidelines created either by law of the country in the company is located in or the company's policy. From the details given in the question, John was given a compliance based ethic book of the company.
Answer:
The correct answer is the option B: compliance-based ethics.
Explanation:
To begin with, a ''compliance-based ethics'' program is a model used by the companies in order to establish the rules of conduct for the employees inside the organization and also penalties to those that behave incorrectly according to what was established. Therefore that when Backstreet Books enforced John to read and sign the a small booklet consisting of company rules it represented the compliance-based ethics of the store due to the fact that it established the rules of conduct and the penalties as well.
Global Corporation enters into contracts with buyers in e-commerce and traditional commerce. The Uniform Electronics Transactions Act applies, if at all, only to those transactions in which the parties agree to use
Answer:
electronic means.
Explanation: This means includes telephone, telecopy, telegraph, telex, internet, electronic mail, facsimile transmission and any other similar means of electronic communication. Any communication by telephone as an Electronic Means shall be promptly confirmed in writing or by one of the other means of electronic communication authorized herein.
On which dates are cash dividends recorded? a. Entry field with incorrect answer b. Declaration date and the record date c. Record date and the payment date d. Declaration date, record date, and payment date e. Declaration date and the payment date
Answer:
The best answer is "E"
Declaration date and the payment date
Explanation:
Declaration date: The date the board of directors formally authorizes a dividend and announces it to stockholders.
Record date: The date when ownership of outstanding shares is determined for dividend purposes.
Payment date: The date dividend checks are mailed to stockholders.
Declaration date and the payment date are recorded for cash dividends
Declaration date, Record date, and Payment date: These are dates that are used when preparing cash div and stock dividends.
Answer:
Option E. Declaration Date, Record Date and Payment Date.
Explanation:
The reason is that the when the cash dividend is announced, the liability of the firm to pay to the shareholders must be recognized. So it must be record the liability in its books of accounts. The entry is given as under:
Dr Retained Earnings XX
Cr Dividend Payable XX
The dividend payable amount is results in the decrease in the retained earnings with an equal amount. The date of record is useful because it tells to whom to pay because some shareholders might also sell their stock after dividend declaration so dividends is only paid to investors who actually own the stock on declaration date is entitled to the dividend. The payment date is the date when company pays the cash to its shareholders. The entry is given as under:
Dr Dividend Payable XX
Cr Cash Account XX
Accounting profit differs from economic profit because:
A. of differences in the manner in which revenue is calculated.
B. economic costs include explicit costs, while accounting costs do not.
C. accounting costs are generally higher than economic costs because accounting costs include explicit and implicit costs, while economic costs include only explicit costs.
D. economic costs are generally higher than accounting costs because economic costs include all opportunity costs, while accounting costs include explicit costs only.
Answer:
B) Economic costs include explicit costs while accounting costs do not.
Explanation:
Accounting profit is the total or net revenue of the firm which was earned in a specific accounting period or year. Accounting profit is usually misinterpreted for normal profit but they are not the same. Normal profit is the smallest amount of profit which a firm needs for its survival. This profit can only indicate whether the company can allocate its resources very well. Economic profit is the assumed surplus profit left after the total costs are deducted from the total revenue. Accounting profit contains the implicit costs while economic profit contains both the implicit and explicit costs.
The difference between accounting and economic profit lies in the cost calculation. Accounting costs consider only explicit costs, while economic costs include both explicit costs and opportunity costs. Hence, economic costs are generally higher than accounting costs.
Explanation:Accounting profit and economic profit are two different ways of calculating profit that often lead to different results. The main difference is that economic costs are generally higher than accounting costs, because economic costs include both explicit and opportunity costs, while accounting costs include only explicit costs.
Explicit costs are the actual out-of-pocket costs incurred by a firm, such as wages, rent, and materials. Opportunity costs, on the other hand, represent the value of the next best alternative that is foregone when a particular action is taken.
So statement D is correct: Economic costs are generally higher than accounting costs because economic costs include all opportunity costs, while accounting costs include explicit costs only. Understanding these differences is important for making informed business decisions.
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Resale price maintenance involves a firm Group of answer choices colluding with another firm to restrict output and raise prices. selling two individual products together for a single price rather than selling each product individually at separate prices. temporarily cutting the price of its product to drive a competitor out of the market. requiring that the firm selling its product do so at a specified price.
Answer:
The correct answer is the third option: Temporarily cutting the price of its product to drive a competitor out of the market.
Explanation:
To begin with, the concept of ''resale price maintenance'' in the field of marketing and business consists in the practice where a company agrees with its distributors that those last ones will sell the product of the company at a certain price established and if the reseller does not want to do it then the company will stop doing business with it. Moreover, the main purpose of this practice is to prevent resellers to compete too fiercely on price and therefore that the resale price maintenance practice involves to temporarily cutting the price ot its product to drive a competitor out of the market.
Betty wants to know the probability that her investment in HighFlier, Inc. will generate a return less than zero. The investment has a mean return of 10% and a standard deviation of 5%. Based on a normal distribution curve you correctly inform her that:________.
A. There is a 2.5% probability of a negative return.
B. There is a 5% probability of a negative return.
C. There is a 10% probability of a negative return.
D. There is a 34% probability of a negative return.
Answer:
A. There is a 2.5% probability of a negative return.
Explanation:
The stock returns are often assumed to be normally distributed for the prediction of future returns. Although there are some weird characteristics of stock returns that normal distribution is unable to capture, it is widely used because of its easy to apply.
Given the following information,
E(R)=10%
σ=5%
Since returns are normally distributed and the normal distribution is symmetric, the probability that Stonehenge Construction will yield a negative return is two standard deviations below the mean.
In the case of the normal distribution, approximately 95% of observations lie within two standard deviations about the mean. Therefore, by symmetry, only 2.5% of observations have a probability of yielding a negative return for Stonehenge Construction. SO, the answer is (A).
* What are the primary sources of revenue and expenses involved in holding a convention? (minimum 3 revenue / 3 expenses)
* Why is it necessary for strict regulations to be in place on the casino floor?
* Where are several of the most well-known theme parks located, and who are the key players in the theme park industry?
* What is the difference in service experience and management between hotels and clubs?
* In addition to gambling, what other types of activities are included in the gaming entertainment industry? Discuss five different activities.
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Explanation:
1. When planning your event there are two types of expenses: fixed and variable.
- The fixed costs are the ones that we will have to cover regardless of the number of attendees to the event.
In this group are the place where the event will take place, the secretarial expenses and pre-event production, the diffusion and promotion, the technical equipment for the room (s) (sound, projection, furniture, decoration, etc.), the signage and signage to be used in the event, the expenses and per diem (transportation and accommodation if required) of the speakers and special guests, translators if people speaking in different languages will attend the event, registration and accreditation system.
-Variable costs will be determined according to the number of attendees.
Among them you should take into account: the accreditation material for the attendees (credentials, programs, brochures, merchandising, gifts or souvenirs, portfolios, invitations, diplomas, etc.), extra events such as an opening act or a cocktail, lunches and dinners, tips, transportation if there is more than one venue or if a point-to-point transfer service is offered to attendees, parking lots, temporary staff for the days of the event, computers and furniture for the accreditation sector.
2-. Some casinos have turnover rates of 10% or less. They are very careful when selecting who works in the organization. They have well-defined career paths in all departments. They encourage employees to request internal transfers if something interests them. They pay a living wage and allow the best performers to prosper financially. They remove the "loafers" quickly.
-Some smart casinos still find plenty of quality casino players, even in mature markets. They are training their player development staff to build relationships with new players, rather than buying bribed visits. They are finding ways to use their motivated employees and top players to attract other quality players.
-In today's casino landscape, most customer service is fairly normal, and many casinos have found ways for technology to take over humans (for example, swap kiosks). Most have an old "canned" service program and haven't updated it in years. Service training is often one of the first victims when businesses weaken.
3.By number of visitors, Tokyo Disneyland is the most visited, with 17 million entries in 1995, followed by Disneyland with 15 million visitors, by Magic Kingdom with almost 14 million and Epcot and Disneyland Paris with more than 11 million.
4 .Customer experience management is more than serving your customers online. It's more than just knowing where customers shop and what brand of dog food they buy.
It's about getting to know your customers so completely that you can create and deliver personalized experiences that appeal to them not only to stay true to you, but also to evangelize others about your brand, and that's the most valuable form of advertising out there.
5. Amusement parks, movie theaters, shopping malls specialized in amusement and entertainment are becoming the focus of attention of entrepreneurs.
A firm produces in a perfectly competitive market and hires labor in a perfectly competitive labor market. The firm hires four workers, the marginal product of the fourth worker is 4, and the wage rate is $40. The firm produces 100 units of the product, which sell for a price of $10. This firm is _____
Answer:
This firm is
not maximizing profit and should hire fewer workers to increase profit
Explanation:
Labor=4 workers
Output=100 units
Wage rate=$40
Unit price=$10
Marginal product (MP) of 4th worker=4
Total revenue= Output×price
=100×10
=$1000
Marginal product(MP) is the increase in output as a result of an increase in unit of inputs.
MP= Change in output/change in inputs.
The marginal product of the fourth labour doesn't increase output as required and the fourth labour is paid the same wage rate, in order for the firm to maximize Profit, it is advertised that the firm should reduce labor force.
George and Susan open a dry-cleaning business together, but do not execute any documents or perform any formalities other than obtaining a "d/b/a" certificate for their business name: "G & S Clean." One day, when George is out for lunch, Susan burns a large hole in a customer's fur coat while cleaning it. Who is liable for the cost of the coat?
Answer:
G & S is liable for the damage made to the fur coat and since George and Susan are G & S's proprietors, then they are also liable.
Explanation:
A doing business certificate (DBA) allows the business to start operating under a name which is not necessarily their legal name, instead it is the name they like for their business. But the DBA certificate s issued by the state's authority, and since both George ad Susan applied for the certificate together, they are both responsible and liable.
David knows that the beta of his portfolio is equal to 1, but he does not know the risk-free rate of return or the market risk premium. He also knows that the expected return on the market is 7.50 percent. What is the expected return on David’s portfolio? (Round answer to 2 decimal places, e.g. 12.25)
Answer:
7.50%
Explanation:
The computation of expected return is shown below:-
Expected return = Risk free rate + beta × (Return on market - Risk free rate)
= Risk free rate + 1 × (7.50% - Risk free rate]
= Risk free rate + 7.50% - Risk free rate
=7.50%
Therefore for computing the expected return we simply applied the above formula.
Fine Lines Inc. is a notebook manufacturing company based in Ohio. Fine Lines' main market is Ohio. It aims at providing its products at better prices than its competitors. Which of the following structures is Fine Lines Inc. likely to use if it has functional setup? a.mechanistic b.organic c.simple d.matrix
Answer:
a.mechanistic
Explanation:
Based on the scenario being described within the question it can be said that it seems that Fine Lines Inc. is using a mechanistic structure. This type of structure, also known as a bureaucratic structure, is a structure based on a single formal and centralized network where authority comes from the top-level managers who make most of the decisions.
Answer:
A. Mechanistic
Explanation:
A mechanistic business structure is considered best for organizations within a stable and certain environment. It is described as a structure that enables organizations to operate in a formal or centralized network. It is also considered as a bureaucratic structure.
From our scenario, it can be said that Fine Lines Inc. is likely to use a mechanistic structure. This is because the centralized base is in Ohio, which means that instructions and authority come from top managers.
In order to build profitable relationship with customers, it is important to decide whom it will serve. It does this by _________ and ____________ a. MARKET SEGMENTATION, POSITIONING b. TARGET MARKETING, CUSTOMIZATION c. POSITIONING, DIFFERENTIATION d. MARKET SEGMENTATION, TARGET MARKETING
Answer:
MARKET SEGMENTATION, TARGET MARKETING
Explanation:
In marketing defining the customer that a product will serve is a very important step in making a profitable venture. If a product is promoted to a wrong customer, chances are they will not buy.
Two methods of determining who a product will serve are market segmentation and target marketing.
Market segmentation is the process by which a set of customers are divided into groups on the basis of some shared characteristics. For example education, income level, and demography.
Target marketing is a subset of the total market for a good or service. It is a group of people that have been identified and targeted for promotional efforts.
At the end of the first quarter (three months of business), Eliza has several questions about how things are going. If she wants to understand how much debt the business has right now, then she should look at the ________ that her accountant has prepared.
Answer:
statement of cash flows
Explanation:
the statement of cash flows shows the changes in cash for the same period of time as that covered by the income statement. The cash flow statement shows all sources (i.e., receipts) of cash and all the users (i.e., payments) of cash.
It provides information about:
cash receipts (inflows)
cash payments (outflows).
An owner wants to sell his house and prefers to save the commission. He lists with a broker on the basis that if the property is sold by a broker, the broker is entitled to a commission, but if the owner sells his own property, he owes no commission. This is an_____.
Answer:
Open listing
Explanation:
Open listing is a form of non exclusive listing arrangement where a home owner list his property with more than one real estate broker and the broker who is able to get a successful buyer wins the commission.
This type of listing arrangement also allows the owner of the property to sell his property by himself and he owes nobody any commission.
Furthermore , in open listing , the owner may decide to sell his property independently without the engagement of an estate agent.
One of the major characteristics of pure monopoly is A. there are only a few firms in the industry. B. similar products are made by other industries. C. there is only one firm in the industry. D. there are no major barriers to entering the industry.
Answer:
C
Explanation:
On October 1, 2019, Illini Company purchased a truck for $42,000. The truck is expected to have a salvage value of $3,000 at the end of its 3-year useful life. If the company uses the straight-line method, the depreciation expense recorded during the year ending December 31, 2019, will be: $3,250 $13,000 $29,000 $38,250
Answer:
$3250
Explanation:
Given that
Purchase price = 42000
Salvage value = 3000
Useful life = 3 years
Recall that using straight line method
Depreciation value per year = (purchase price - salvage value) ÷ useful life
Thus,
= 42000 - 3000 ÷ 3
= 39000 ÷ 3
= $13000.
By December 31, 2019, only 3 month of usage has gone
Thus, value of depreciation by Dec 31
= 3/12 × 13000
= 0.25 × 13000
= $3250
Depreciation value recorded by year end is $3250
Answer: $3250
Explanation:
The straight line Depreciation formula is given by;
(Cost - salvage value) ÷ Number of useful years
Cost = $42,000
Salvage value = $3000
Nunver of useful years = 3
Depreciation = (Cost - salvage value) ÷ Number of useful years
Depreciation = ($42,000 - $3000) ÷ 3
Depreciation = $39,000 ÷ 3
Depreciation = $13,000
Depreciation between (October 1 —31 December)
(3÷12) × 13000
0.25 × 13000
$3,250
Which of the following is NOT a reason for the financial crisis of 2007–2008? increases in the leverage ratios for financial intermediaries excessive confidence about the stock market excessive securitization of liabilities collapse of the shadow banking system
Answer:
The answer is C. Excessive confidence about the stock market
Explanation:
The financial crisis of 2007–2008 was mainly caused by financial intermediaries (banks, insurance). It was caused by an unregulated subprime mortgage. The price of houses significantly dropped.
There were significant increase in leverage ratio, the banking system collapsed due to the failed mortgage plans, liabilities have excessive collaterals.
The crisis has nothing to do with stock market.
Anastasia Company recognizes payroll for the month of May. Gross employee income is $200,000; federal taxes withheld are $40,000; state taxes withheld are $6,000; Social security and Medicare taxes are $30,000 total for employer and employees. Employees contribute $10,000 to a 401(k) retirement plan. Federal and state unemployment taxes are $12,000. Anastasia's payroll tax expense will be $12,000. $37,000. $15,000. $27,000.
Answer:
$27,000.
Explanation:
Payroll tax expense = social security taxes + medicare taxes + federal unemployment taxes + state unemployment taxes
social security and medicare taxes = $30,000 / 2 = $15,000 (both employees and employer contribute 50% of the total amount)federal and state unemployment taxes = $12,000 (only employers pay this tax)payroll tax expense = $15,000 + $12,000 = $27,000
Robert, the president of the labor union of a company, speaks to the management of the company about the requirement for an extra worker to assist in the delivery process. He suggests hiring one of his cousins for the job, as his cousin has prior experience in the field. The management, however, finds out that there is no requirement for another worker in the unit and Robert made made up the reason solely to get a job for his cousin. In the given scenario, Robert has violated the _________.
a. Taft-Hartley Act
b. Landrum- Griffin Act
c. Sherman Antitrust Act
d. Wagner Act
Answer:
Taft-Hartley Act
Explanation:
Taft-Hartley Act is also known as the labour management relations act of 1947 and it restricts the activities and powers of labour unions. It stops unions for engaging in unfair labour practices such as jurisdictional strike, wild strike, political strike, secondary boycotts, and monetary donations to political campaigns.
Robert has violated the Taft-Hartley act by creating a fictional role in the company in order to get his cousin a job.
PlayStat is a company that manufactures toys for toddlers. To begin the production, the manufacturers purchase unprocessed plastic and metals. In the context of manufacturing inventories, the unprocessed plastic and metal used to produce toys are referred to as _____.
Final answer:
In manufacturing inventories, the unprocessed plastic and metal used to produce toys are called raw materials.
Explanation:
In the context of manufacturing inventories, the unprocessed plastic and metal used by PlayStat to produce toys for toddlers are referred to as raw materials. These are the basic substances in their natural, modified, or unprocessed states used by manufacturers as the base to produce goods. Raw materials are typically converted through manufacturing processes into finished products.
As the ratio of the cost of overstocking to the cost of understocking gets larger:________
A) the optimal level of product availability decreases.
B) the optimal level of product availability becomes irrelevant.
C) the optimal level of product availability remains stable.
D) the optimal level of product availability increases.
Answer:
D) the optimal level of product availability increases.
Explanation:
Overstocking deals with making a product available in excess quantity.
Under stocking deals with making a product available in insufficient quantity.
As the ratio of the cost of overstocking to the cost of understocking gets larger, the optimal level of product availability increases. This is self explanatory as overstocking being more than understocking means there will be more product available.
Answer:
A) the optimal level of product availability decreases.
Explanation:
The optimal level of product availability decreases when the ratio of the cost of overstocking to the cost of understocking increases or gets larger.
The optimal level of product availability is defined as the ratio of cost of overstocking to the cost of understocking.
Therefore, when the ratio of cost of overstocking to the cost of understocking gets larger, the optimal level of product availability decreases and vice-versa.
Suppose you and your roommate have the following agreement when it comes to cleaning your apartment: each person washes her or his own dishes after each meal. The principle of trade you just learned tells you that it would be more efficient if:
Answer:
one of you wash all the dishes while the other did a different chore.
Explanation:
In simple words, if any person performs a particular task on a repeated basis for a considerable time period than there is a high chance that he or she will gain a significant level of efficiency in doing that task as compared to others.
This principle was first recognized and used by Henry ford who made his labor perform the same task in the factory which resulted in faster production with better quality.
Vogue has enjoyed international success, with both standard and special editions published around the globe. One of the world's most prominent fashion magazines, it has heavily influenced the development of the fashion magazine industry and continues to shape modern fashion trends.
True or False?
Answer:
The statement given in the question if True. Hence, the correct answer is True.Explanation:
Vogue is an universally renowned and globally reputed fashion and lifestyles magazine that was founded in 1892 by Arthur Baldwin Turner, a well known individual in the then society.The fashion products and accessories promoted and featured in Vogue are evidently considered to be trends and parameters that are followed in the global fashion market or industry.It has also influenced or inspired many of the fashion and lifestyle magazines around the world.Various fashion retailers and merchandisers are massively influenced by the designs and brands commercially promoted and advertised by Vogue on its platform that further determined the different trends and brand preferences in the global market.As complemented by The New York Times in 2009, Vogues has consistently enjoyed international success,considering both standard and special editions around the world and has immensely influenced the entire fashion magazine industry and has set global trends for the fashion industry as a whole.True. Vogue has achieved international success and is a major influence in the fashion magazine industry. It continues to shape modern fashion trends globally.
True. Vogue has indeed enjoyed international success and has been a significant influence in the fashion magazine industry. Since its founding in 1892, Vogue has grown to become one of the most prominent fashion magazines globally, with both standard and special editions. It plays a crucial role in shaping modern fashion trends and continues to be a cultural barometer for a global audience, highlighting changes in how we dress, live, and socialize.
For instance, its Editor-in-Chief of British Vogue, Edward Enninful, emphasizes the magazine's impact on inclusivity and diversity in fashion. Vogue's high circulation and devoted readership make it a powerful medium for advertisers, ensuring its sustained influence and financial success.
Eight-year-old eric watches as you flatten one of two equal-sized balls of clay into a pancake. eric says they both still have the same amount of clay. when he is asked how he knows that the ball and the pancake have the same amount of clay, he points out that the pancake could once again be rolled up into a ball, demonstrating that he
Answer:
UNDERSTANDS THE CONCEPT OF REVERSIBILITY
Explanation:
Within thermodynamics, a reversal system refers to the process whose path can be restored to its old location by causing infinitesimal adjustments in any properties of the mechanism through its own surroundings. The mechanism is in thermal equilibrium because of its environment during the whole reversible cycle.
This makes no shift either in the process or the environment after being reversed. Since stopping the reversible cycle will take an endless amount of time, completely reversible systems are unlikely. Thus, from the above we can conclude that Eric's actions are demonstrating that he understands the concept of reversibility.
The first generation Apple iPod was introduced in 2001 and sold for $500. The following year a mini version was introduced for $250. Apple initially used a ________ strategy to price their digital music innovation.
A. market-penetration
B. market-skimming
C. target costing
D. deceptivepredatory
Answer:
b market skimming
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Spring is here, and Megan and her uncle would like to go fishing for the weekend in Vermont. Megan could either go to the river in town where anyone can fish without a permit, or she could drive up to a pond located on her family's property in the countryside to fish. Assume that, no matter where people fish, all of the fish that are caught would be kept (that is, there is no ''catch and release'' policy).
The fish in the river are considered _____ and _____ whereas the fish in the private pond are _____ and _____. In other words, the fish in the river are an example of _____, and the fish in the private pond are an example of _____.
Fishing in the river will likely lead to _____ because of which of the following reasons?
_____ Nobody will enjoy fishing because of the lack of private contributions to the maintenance of the river.
_____ Anyone can fish in the river, and one's person's fishing activity decreases the ability of someone else to fish with success.
_____ All fishermen will choose to fish in the river because of the limited access to the pond.
_____ All fishermen will choose to fish in the pond believing that there are more fish there.
Answer:
The correct answer is option (2) Anyone can fish in the river, and one's person's fishing activity decreases the ability of someone else to fish with success.
Explanation:
The fish in the river are considered rival in consumption and non-excludable whereas the fish in the private stream are rival in consumption and excludable.
In other words, the fish in the river are example of common resource and the fish in the private stream are an example of private good.
Fishing in the river will likely lead to the tragedy of commons because anyone can fish in the river, and one person's fishing activity decreases the ability of someone else to fish with success.
The Fishing in the river will likely lead to anyone can fish in river which makes it competitive, and hence the correct option is 2.
Common and Private GoodThe question can be divided into two parts, one is about fill in the blanks, and second is to choose a correct option. We will go through them ony by one.
Answer 1:
A) Since there is no "Catch and release policy", and fishing in river is open to everyone. Therefore we can conclude that the Fish in the river are considered rival in Consumption, and non- excludable.
B) Whereas the fish in the private pond are Rival in Consumption and Excludable.
C) In other words the fish in the river are an example of common resource and the fish in the private stream are an example of private good.
Answer 2
D) Fishing in the river will likely lead to the tragedy of commons because:
If River is open for everyone, than everyone will try to catch more and more fish which will be a tragedy for farmers. Hence option 2 is the reason "anyone can fish in the river, and one person's fishing activity decreases the ability of someone else to fish with success."
Learn more about Common Goods here:
https://brainly.com/question/2099184