Use the information in the following paragraph to answer the following questions.
Taffe Inc. is a large corporation founded in the 1950s. They produce chemical concentrates for industrial cleaning. They follow a strict set of rules and regulations. They have the ability to track a large amount of data using statistical techniques. Eberle Health Corp. is a regional medical center. They tie pricing of services and profits to specific services in the medical center.
Based on the given description, which of the following control systems does Eberle Health Corp. follow?
a) market
b) rational
c) legend

Answers

Answer 1

Answer:

jdjdgdhehhehe

Explanation:

im trolling u because im bored jauahheejejejehwhejejsiekeirkrieiekeiejeue

Answer 2

Based on the given description, the control system Eberle Health Corp. follow is the market control system. Thus the correct option is A.

What is a Context clue?

Any kind of hint or idea reflects from the statements which helps the reader to understand the clear context in which the word is used is refers to a context clue. This clue helps the reader to determine the appropriate meaning.

in the given case, it is explained that A significant corporation named Taffe Inc. was established in the 1950s. Chemical concentrations for commercial cleaning are produced by them. They adhere to a rigid set of laws and guidelines.

An examination and assessment of the business manager's and executives' advertising strategies and intentions are known as marketing control.

It is their obligation to ensure that all of the industry's promotional campaigns and operations are always focused on achieving their sales objectives.

Therefore, option A is appropriate.

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Related Questions

When a consumer goes to the grocery store to purchase items on her shopping list and picks up items that she did not have on her list but remembered her family needed when she saw them, which type of shopping behavior does this illustrate?

Answers

Answer: Unplanned shopping behavior

Explanation: When a buyer has pre-planned list of things to buy but on getting to the shopping complex, the buyer sees some items and remembers he needs them also, this action is an unplanned shopping behavior.

This shopping behavior best suits the illustration in the question.

A price-discriminating firm charges the lowest price to the group that

Answers

Answer: price-discriminating firms charge more price from the group that has less price elasticity of demand than the group that has more elastic demand

Explanation:

Means, the group that does not decrease their demand as the price goes up. Price discriminating firms charge more price from such groups. Let me explain more that what price discriminating firms are.

These are the firms that charge different prices for similar and identical good from different groups.

Which of the following statements about public relations is true?
A. Public relations is not considered a management function.
B. An effective public relations program continues over months or even years.
C. Public relations has the same objectives as product and service promotion.
D. Public relations deals only with the activities designed to sell a product or service.
E. Typically, shorter forms of public relations and publicity are interchangeable functions."

Answers

Answer:

A. Public relations is not considered a management function.

Explanation:

Final answer:

The true statement about public relations among the options is: An effective public relations program continues over months or even years. Public relations is a key management function, has different objectives than product promotion, deals with more than just selling a product or service, and is not interchangeable with publicity.

Explanation:

Certainly, it's important to understand each aspect of Public Relations. When we address the statements given:

A. This statement is incorrect as Public relations is indeed considered a critical management function in many organizations. B. This is correct, an effective public relations program is ongoing and may continue over months or even years in order to maintain and foster a positive image of the organization. C. This is not entirely accurate. While both public relations and promotion aim to enhance an organization's image and increase public awareness, their objectives can differ. Public relations focuses more on building long-term relationships with stakeholders, whereas promotion is more short-term and sales-focused. D. No, Public relations involves more than just selling a product or service — it deals with the overall reputation, image, and perception of the company amongst its various stakeholders (customers, employees, investors, the general public, etc.). E. This is not valid. Public relations and publicity are related but are not interchangeable. The main difference lies in control and purpose — public relations is a planned and sustained effort, whereas publicity often deals with singular issues and companies have little control over it.

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Your​ bank, First​ Bank, charges you​ $1.50 every time you use an ATM that is not owned by them.​ Unfortunately, there is no First Bank ATM near your school. There is a Second Bank ATM in the Student​ Center, which you use several times a week to withdraw​ $10 at a time for​ lunch, video​ games, etc. What is the best piece of advice regarding these​ transactions

Answers

Answer:

Every time you are withdrawing $10 from the Second Bank ATM you are paying 15% interest (or bank expenses). That is a lot of money, so you should try to avoid doing it. You should look for a First Bank ATM that is close to your home and withdraw the money before going to school. Or if you can't find an ATM from your bank you might even have to change your bank.

If you can't change your bank for whatever reason and you really need to withdraw money from Second Bank ATM my advice would be to try to withdraw larger sums so you only do it once a week or once every two weeks. Since the $1.50 per operation is a fixed amount, if you withdraw $50, you are only paying 3% interest.

Giancarlo was just hired to revive an ailing publishing company. He would like to see a financial picture of the company at this time, including an itemized listing of assets, liabilities, and stockholders’ equity. Giancarlo needs to look at a(n)_________

Answers

Answer:

balance sheet

Explanation:

A balance sheet is one of the most essential financial statements that helps accountants and managers grasp the financial structure of the company, at a certain point of time.

The balance sheet clearly states the company's assets, liabilities and stockholders' equity, rigorously adhering to the basic accounting equation:

Assets = Stockholder's Equity + Liabilities

The equilibrium of the equation above is non-negotiable; it relies on common sense too. Every company owns things - assets, which were obtained with the aid of a e.g. bank loan - liability, or investor money - stockholders' equity.

These three groups can be further itemized into smaller, concrete accounts. Also, the liquidity principle is applicable in terms of ordering the items in an increasing liquidity order.

The time context is also an important distinction of this specific financial statement. While statements such as the P&L statement refer to a specific time interval (year, quarter...), the balance sheet reflects a specific point of time.  

The increase in the amount that the government collects in taxes when the economy expands and the decrease in the amount that the government collects in taxes when the economy goes into a recession is an example of:_______

Answers

Answer: Automatic stabilizers

Explanation:

Automatic stabilizers are referred to as the kind of the fiscal policy that are designed in order to offset a fluctuations in the domestic economic activity via the normal operation without further additional or timely authorization by federal government. These are referred as so because they tend to stabilize the economic and business cycles and thus are further automatically  activated without any additional action by the federal government.

You are considering two ways of financing a spring break vacation. You could put it on your credit​ card, at 14 %14% ​APR, compounded​ monthly, or borrow the money from your​ parents, who want an interest payment of 8 %8% every six months. Which is the lower​ rate? ​(Note: Be careful not to round any intermediate steps less than six decimal​ places.)

Answers

Answer:

Credit card is at lower rate at 14.93% interest rate

Explanation:

Data provided in the question:

APR on credit card = 14% compounded monthly

Interest rate from parents = 8% compounded every six months

Now,

Annual interest rate = (1 + r )ⁿ - 1

Here,

r is the interest rate for the period

n is the total period

Thus,

For the credit card

since compounded monthly

Interest rate per month, r = 14% ÷ 12 = 1.167% = 0.01167

Number of periods, n = 12

Therefore,

Annual interest = (1 + 0.01167 )¹² - 1 = 0.1493

or

= 0.1493 × 100% = 14.93%

For borrowing from parents

since compounded every six months

Number of periods, n = 12 months ÷ 6 = 2

Interest rate , r = 8% = 0.08

Therefore,

Annual interest = (1 + 0.08 )² - 1 = 0.1664

or

= 0.1664× 100% = 16.64%

Credit card is at lower rate at 14.93% interest rate

Nick has a comprehensive health care policy with a $250 per-calendar-year deductible, an 80% co-insurance provision, and a $1,000 copayment cap per calendar year. In January, Nick had a $600 claim for which the insurance company paid $280. Nick experiences another unrelated claim in October resulting in total bills of $5,000. How much will Nick have to pay for the second claim?
a. $5,000
b. $3,930
c. &1,800
d. $930

Answers

Answer:

Nick  pay maximum $930

so correct option is d. $930

Explanation:

given data

health care policy = $250

co-insurance provision = 80 %

it mean claim to be paid by insurance company = 80%

and claim to be paid by Nick =  20 %

co payment cap = $1,000

claim insurance = $600

company paid  = $280

total bills = $5,000

to find out

How much will Nick have to pay for the second claim

solution

we get first amount to be paid by insurance company and nick  is

amount to be paid by insurance company and nick  = $600 - $250

amount to be paid by insurance company and nick = $350

and

we know here 80% of $350  paid by insurance company

so paid by insurance company  = 80% of $350 = $280

and  paid by Nick = $350 - $280 = $70

so Limit available to co payment = $1000 - $70

Limit available to co payment = $930

so Nick  pay maximum $930

so correct option is d. $930

Final answer:

Nick will need to pay $930 for the second health insurance claim. After accounting for the deductible he already met and applying the 20% co-insurance rate to the second claim, his payment falls under the $1,000 copayment cap for the year.

Explanation:

To calculate how much Nick will have to pay for the second health insurance claim in October with total bills of $5,000, we need to consider the deductible, the co-insurance, and the copayment cap for the calendar year. Nick has already met his $250 deductible with the first claim in January and also encountered some of the co-insurance. For the second claim, he's responsible for 20% co-insurance until he reaches his $1,000 copayment cap for the year.

First claim:

Total bill: $600Deductible paid: $250Remainder: $350Insurance pays 80%: $280Nick pays 20%: $70

Second claim in October (ignoring the $250 deductible which is already met):

Total bill: $5,000Co-insurance (20% of $5,000): $1,000However, Nick's co-insurance payments already include $70 from the first claim, so for the second claim: $1,000 - $70 = $930

Since Nick's co-insurance payments for the year have not yet reached the copayment cap, he is responsible for the $930. Therefore, Nick will have to pay $930 for the second health insurance claim.

In an​ expansion, taxes rise and government expenditures​ fall, and therefore act as automatic​ ________. Inflation is more likely to increase in an expansion than in a​ recession, and therefore acts as an automatic​ ________.

Answers

Answer:

The correct answer is: stabilizers; destabilizer.

Explanation:

The automatic stabilizer is a government policy that correct fluctuations in the economy through their normal operation and hence they are called automatic stabilizers.  

Taxes and government spending are examples of automatic stabilizers.  

During an expansion, taxes increase with an increase in income and government spending decrease. These two without any intervention by the government automatically stabilize the economy.  

Automatic destabilizer causes fluctuations by their normal operation. An example of destabilizer is inflation which increases during expansion and causes fluctuations without any intervention.

Cook Builders manufactures custom furniture only and uses a job order costing system to accumulate costs. Actual direct materials and direct labor costs are accumulated for each job, but a predetermined overhead rate is used to apply manufacturing overhead costs to individual jobs. Manufacturing overhead is applied on the basis of direct labor hours. In computing a predetermined overhead rate, the controller estimate that manufacturing overhead costs for the year would be $200,000 and direct labor hours would be 20,000. The following summary information is available for the year.
Raw materials purchased during the year were $275,000.
Raw materials used in production during the year were $250,000.
Wages paid to the furniture craftsmen during the year totaled $440,000 (22,000 hours).
Wages paid to factory maintenance workers during the year totaled $60,000.
Depreciation on machinery and equipment during the year totaled $90,000.
Rent and utilities for the factory building during the year totaled $45,000.
Manufacturing overhead was applied to work-in-process inventory using the predetermined overhead rate.
Work-in-process inventory costing $850,000 was completed and transferred to finished goods inventory.
Goods costing $800,000 were sold.
Assume that the beginning balance in the finished goods inventory account was $0. What is the ending balance of the finished goods inventory account?
A. $800,000
B. $25,000
C. $50,000
D. $75,000
E. $850,000

Answers

Answer:

gdbgdyhyrhfnnhfhfhnnfn

Explanation:

nfnffnloulo;loip;;/'[[[[;/,.m/./,/./.,/.,/m;/;jolikujtdhrbfdbdgnhfyjui,kik,tujryhtgrfgrgrehgtyrjumkutkyrjthgwrwgtehyhmj,khgwgrgtehmmtkyjtdvefrg

Answer:

C. $50,000

Explanation:

Work-in-process inventory costing $850,000 was completed and transferred to finished goods inventory.

Goods costing $800,000 were sold.

Assume that the beginning balance in the finished goods inventory account was $0.

From the above information, we can deduct the goods costing from the inventory costing

850000-800000

$50000 is the ending balance of the finished goods inventory account

The mode of exchange that requires some form of centralized social organization to receive economic contributions from all members of the group and to allocate them in such a way as to provide for every member of the group is called_________.

Answers

Answer: Redistribution

Explanation:

Redistribution is referred to as the mode of exchange which tends to include certain type of the centralized social group or organization. The representative of the group or the organization further tends to contribute articles such as money, food, clothing, etc. to this central social organization, and this organization then further redistributes the article to representative of the group.

Your bagel company has a market share of 7% of area breakfast sales and you have a goal to increase that to 10% in 1 year. The market has $3,500,000 in breakfast sales per year. How much must you increase sales to achieve your goal?

Answers

Answer:

$105,000

Explanation:

The total sales are 3,500,000, and the current market share is 7%.

3,500,000 * 0.07 = $245,000

The goal is to increase the market share to 10%

3,500,000* 0.10 = $350,000

The difference between original sales and the target sale is

245,000 – 350,000 = $105,000

An increase of $105,000 is required to achieve a market share of 10%

Cadmia and Rhodia specialize in the production of electronics and pharmaceutical products respectively. They are considered the best at their specializations. Cadmia trades electronics with Rhodia in exchange for pharmaceutical products. Which perspective is illustrated by this form of trade between Cadmia and Rhodia?

Answers

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Suppose that a company is a price taker and sells its product for $15 each. This tells us that the firm is participating in the market structure known as _______________ and that marginal revenue is ___________ for each unit sold.a.monopoly; less than $15b.perfect competition; less than $15c.monopolistic competition; equal to $15d.perfect competition; equal to $15

Answers

Answer:

perfect competition; equal to $15

Explanation:

A Perfect competition industry is characterised by :

1. Firms that are price takers - They do not set price but prices are set by the forces of demand and supply.

2. Prices are equal to marginal revenue and average revenue.

3. plenty buyers and sellers.

4 free entry and exist of firms.

A monopolistic industry is chartcerised by :

1. Firms that are price makers.

2. Plenty buyers and sellers.

3. Price and average revenue are less than the marginal revenue

A monopoly is characterised by :

1. Firms that are price makers.

2. One seller

3. Price and average revenue are less than the marginal revenue

Suppose that government spending increases, shifting up the aggregate expenditure line. GDP increases from GDP1 to GDP2, and this amount is $200 billion. If the MPC is 0.8, then what is the distance between N and L or by how much did government
spending change?
A) $16 billion
B) $40 billion
C) $200 billion
D) $1,000 billion

Answers

[tex]\$40[/tex] billion is the distance between N and L.

Option - B

Explanation:

In financial aspects, the minimal penchant to expend (MPC) is a metric that measures actuated utilization, the idea that the expansion in close to home shopper spending (utilization) happens with an increment in discretionary cash flow (pay after expenses and moves). Government going through alludes to cash spent by the open area on the procurement of merchandise and arrangement of administrations, for example, training, medicinal services, social security, and guard.  

In national pay bookkeeping, when the administration gets products and ventures for current use to straightforwardly fulfill the individual or aggregate needs and necessities of the network, it is named government last utilization spending.  

At the point when the administration procures products and enterprises for sometime later, it is named government speculation. This incorporates open utilization and open venture, and move installments comprising of salary moves.

A 4PL, commonly referred to as a lead logistics provider, is a trucking company that also provides tracking servicesa) true b) false

Answers

Answer:

False

Explanation:

4PL is the term used for fourth party logistics. It has nothing to do with a truck company. Rather it refers to the party of logistics services provider who provides the services in which it further takes the charge of goods from 3rd party of logistics service provider.

It not only delivers the goods but rather provides the entire facility of storage and care in the entire process.

This basically is not a function of trucking company, but a company which manages the goods transportation in complete sense. It even includes insurance during transportation many times.

Fact Pattern 18-B1
Moses sells an apartment building to Noelle with a promise to install a new heating and air conditioning system , before September 1. The following February 1, Moses sends Ollie, an HVAC technician, to begin the installation. Noelle orders Ollie to leave and refuses to make further payments to Moses, who files a suit against Noelle.
B9. Refer to Fact Pattern 18-B1. Moses’s late attempt to install the ventilation system is most likely
a. a material breach.
b. complete performance.
c. excused by Noelle’s refusal to make further payments.
d.substantial, but not complete, performance

Answers

Answer:

D) substantial, but not complete, performance

Explanation:

Even though Moses breached his contract with Noelle, most part of the contract was performed. The most significant part of the contract was the apartment itself, not the air conditioning system. For a material breach to exist Moses should have failed to perform in a greater way, not just the air conditioning. Probably Noelle should get a discount on the price of the apartment so that she can get the air conditioning system installed.

The fact that Noelle stopped paying for the apartment just because of this is a little overreacting. For example, if I buy a used car and the previous owner forgets to give me the spare tire, I cannot stop paying because it may be worth money but proportionally it's a small amount.

When evaluating a new product, customers decide that they are willing to pay a certain amount, more or less, than they would for similar products offered by competitors. This difference in perceived worth is called ______ value.

Answers

Answer: brand value

                                                 

Explanation: In simple words, brand value refers to the value that an organisation has earned on the basis of the perception that customers in the market have for them. Usually, brand value is created by the experiences that customers get while dealing with an organisation.

   Brand value creates a strong customer base for the firm which results in less price elasticity for their product. Means, a company having brand value can charge extra price for a product than their competitors but customers would still stick to it.  

When the economy suffers a permanent negative supply shock and the central bank does not respond by changing the autonomous component of monetary​ policy, then A. inflation will be lower. B. output will be at its potential. C. output will be lower. D. inflation will not change. E. both B and C.

Answers

Answer:

The correct answer is (C)

Explanation:

A supply shock negatively effects the inventory stock of an item or product which leads to increase in the overall holding cost. A positive inventory shock leads to an increase in the overall inventory, while a negative shock decrease the output which leads to increase in the overall cost of goods and services. A negative shock can increase the overall prices of goods and services.

Which of the following types of inventory describes inventory that has been purchased but not​ processed?
A. raw material inventory
B. ​maintenance/repair/operating supply inventory
C. ​work-in-process inventory
D. ​finished-goods inventory

Answers

Answer:

A. raw material inventory

Explanation:

Inventory materials are basically of 3 types namely; Raw materials, semi-finished goods and finished goods.

Raw materials are inventory materials yet to be processed. It is usually referred to as material cost.

Inventory items that have been processed but yet to be finished are called semi finished goods. Such items are also called ​work-in-process inventory.

Finished goods are inventory items ready to be sold.

Based on the above statements, the right option is A. raw material inventory.

West County Bank agrees to lend Drake Builders Company $400,000 on January 1. Drake Builders Company signs a $400,000, 6%, 6-month note. The entry made by Drake Builders Company on January 1 to record the proceeds and issuance of the note is
a. Interest Expense... 6,000 Cash ,000 Notes Payable ,000
b. Cash ,000 Notes Payable ,000
c. Cash ,000 Interest Expense... 12,000 Notes Payable ,000
d. Cash ,000 Interest Expense... 12,000 Notes Payable ,000

Answers

Answer:

The answer is b.Cash ,000 Notes Payable ,000

Explanation:

The exact entry Drake Builders Company has to record in its accounting book for the proceeds received from the issuance of the note is:

1st January

Dr Cash                         400,000

Cr Note Payable          400,000

As at the time the note is issued, no interest expenses has been incurred, all the answer with Interest expenses can be eliminated.

In fact, interest expenses is only incurred and accrued during the lifetime of the note, based on the number of days the note is hold; that is, from the day the fund is lend out to Drake Builders Company; not on the day of issuance.

​Fresh Seasonal Fruit Company has assets of less than $10 million and fewer than fifty shareholders. Gourmand Pastries, Inc., has assets of more than $50 mil-lion and more than five hundred shareholders. The Securities Exchange Act of 1934 applies toa. Fresh Seasonal Fruit and Gourmand Pastries.b. Fresh Seasonal Fruit only.c. Gourmand Pastries only.d. neither Fresh Seasonal Fruit nor Gourmand Pastries.

Answers

Answer:

c. Gourmand Pastries only

Explanation:

The Securities Exchange Act of 1934 (SEA) purpose is to govern the transactions in the financial markets.  It guarantees the accuracy of availed financial data and fights to eliminate fraud and manipulation in dealing.

The US securities and exchange commission( SEC), is the regulatory arm of the SEA.  The SEC regulates investments instruments, professionals, and the firms that trade in the financial markets.  Public listed companies must adhere to the rules and regulations set by the SEC.  The acts also require SEC to monitor financial reporting of corporates that have more than $ 10 million in assets and with over 500 shareholders.

SuperBumperCars, Inc. requires all customers to sign a release that contains a clause that releases SuperBumperCars from all liability in the event of an injury occurring during a bumper car ride, no matter who is at fault. This is an example of

Answers

Answer:

It is an example of the exculpatory clause

Explanation:

Exculpatory clause is the clause in the provision of contract which relieves or states that the one party of liability if the damages are incurred during the execution or the performance of the contract. And the party who issued this clause is seeking to be relieved of that potential liability.

In this case, SuperBumpers Cars releases a clause stating that they are releases from all the liability in the event of an injury during the car ride.

Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2018, the FIFO cost of the ending inventory was $181,000, and the market value of the inventory was $160,000. The corporation switched to LIFO in 2019. If required, round your answer to the nearest dollar. As a result, Shondee Corporation must add: $ ______blank_____

to income for each of the years 2019, 2020, and 2021.

Answers

Answer:

reported as income for all three years   is $7,000

Explanation:

given data

cost of the ending inventory = $181,000

market value  inventory =  $160,000

to find out

Shondee Corporation must add income

solution

we get here Income per year that is

Income per year = (Value under FIFO Method - Value Under Cost Method ) ÷ Number of year      ..............................1

put here value we get

Income per year = [tex]\frac{181000 - 160000}{3}[/tex]

Income per year =   [tex]\frac{21000}{3}[/tex]

Income per year =  $7000

so reported as income for all three years   is $7,000

Final answer:

Shondee Corporation must add $21,000 to income for each of the years 2019, 2020, and 2021.

Explanation:

Shondee Corporation uses the lower cost or market and FIFO inventory methods. At the end of the year 2018, the cost by FIFO of the ending inventory was $181,000, and the inventories market value was $160,000. The corporation switched to LIFO in 2019.

To determine the amount that Shondee Corporation must add to income for each of the years 2019, 2020, and 2021, we need to calculate the difference between the FIFO cost and the market value of the inventory.

In this case, the difference is $181,000 - $160,000 = $21,000. Therefore, Shondee Corporation must add $21,000 to income for each of the years 2019, 2020, and 2021.

The Nissan assembly plant in Tennessee purchases several thousand unassembled parts for automobiles and then performs final assembly of the vehicles before delivering them to dealers all over the nation. Purchasing parts several days or weeks before they are assembled would increase the total cash outlay the plant has tied up in inventory at any given time. In order to reduce the expense of large inventories, most assembly plants have successfully adopted __________ inventory systems.
a. balanced
b. strategic alliance
c. just-in-time
d. rotational

Answers

Answer:

c. just-in-time

Explanation:

Just-in-time (JIT) is an inventory management strategy that eliminates to need to hold high volumes of stocks. In JIT, materials are purchased to coincide with the production process. Materials bought will not be kept in the stores but will go into the production process right away.

Should the Nissan team adopt the JIT strategy, it will not require to invest a lot of money in inventory purchases. It will only buy the parts needed for a specific production run. Nissan will free up cash that would be held in components kept in stores. The company will eliminate the possibility of the parts getting damaged while in the store.  The management of the Nissan team will have to be extra careful not to run out of stock at production time.

Ian purchased an Icewall refrigerator that regularly broke down. So, when his friend Susan asked him to recommend a good refrigerator for her new home, Ian said, "You can buy any refrigerator other than an Icewall refrigerator because I had a bad experience with it." If Susan forms a judgment based on what Ian said, this bias of judgment is an example of the _____. Select one:
a. cognition-recall process
b. attribute recall heuristic
c. availability heuristic
d. judgment-encoding process
e. accessibility model

Answers

Answer:

"C"

Explanation:

This bias of judgment is an example of the availability heuristic.

The gizmo industry has the following characteristics: over 600 producers with no one producer furnishing more than .5% of the industry’s total output; gizmos produced by different firms carry unique brand names and labels; there are no significant barriers to entry to the gizmo market; there is no economic profit in the long run. The gizmo market is best described as what type of market? perfect competition monopolistic competition differentiated oligopoly undifferentiated oligopoly pure monopoly

Answers

Answer:

monopolistic competition

Explanation:

A monopolistic competition has the features of both a monopoly and a competitive firm.

Characteristics of a monopolistic competition includes:

1. Many buyers and sellers

2. Firms are price setters

3. Firms sell differentiated products

4. There are low barriers to entry and exit of firms.

5. Firms make zero economic profit in the long run.

Perfect competition has the above characteristics of a monopolistic firm except:

1. They are price takers

2. There are no barriers to entry and exit of firms

3. Firms do not sell differentiated products.

An oligopoly industry is characterised by few large firms, significant barriers to entry or exit of firms.

Monopoly firms earn economic profit in the long run, there is only one seller in the market and there are high barriers to entry or exit of firms.

I hope my answer helps you.

Drexel brothers is recruiting recent graduates with a physics or chemistry degree because of their problem-solving skills. the type of recruitment being used by drexel brothers is ________ recruiting.

Answers

Answer: External recruitment

                                             

Explanation: In simple words, it refers to the method of employing individuals in the organisation from external sources rather than the existing staff. The source of external sources are mainly campus placements and online recruitment etc.

Such kind of recruitment brings fresh ideas and effective employees to the organisation. However it can result in low morale of existing employees of the firm.

In the given case, company is recruiting fresh graduates on the basis of their skills hence we can conclude that they are doing external recruitment.

Drexel Brothers employs skills-based recruiting to target recent physics or chemistry graduates for their problem-solving and analytical abilities, which are highly valuable in professional scenarios.

The type of recruitment being used by Drexel Brothers, which focuses on attracting recent graduates with physics or chemistry degrees due to their problem-solving skills, is known as skills-based recruiting. Companies like Drexel Brothers value the analytical skills and ability to apply physical principles to real-world situations that students with a strong background in science bring to the workforce. These problem-solving competencies are critical, not only for academic success but also for professional life, as they allow for applying knowledge to various situations, unlike rote memorization of facts.

Sand Company had sales of $400000, variable costs of $200000, and direct fixed costs totaling $100000. The company’s operating assets total $800000, and its required return is 10%. How much is the residual income?

Answers

Answer:

$20,000

Explanation:

Residual income is the income that is in excess of the minimum rate of return required on a company. So in this case the required return is 10% which is the minimum rate of return, any money made after the 10% return is residual income. First we need to find income

Income = Sales - Fixed costs - Variable Costs

            =400,000-100,000-200,000

             =100,000

Now we have to find the return, and we can find it by dividing income by total operating assets so return =

100,000/800,000=0.125= 12.5%

Residual income = Return - Required Return

                          = 12.5%-10%= 2.5%

The residual income is 2.5% of the operating assets so

800,000* 0.025=20,000

Residual income is calculated by subtracting the cost of capital from operating profit. In this scenario, the residual income for Sand Company is $20,000.

Residual income is a measure used in performance evaluation that calculates the economic profit after deducting a company's cost of capital from its operating profit. The formula for residual income is Operating income - (Operating assets x Required rate of return).

In this case, the operating income would be Sales - Variable costs - Direct fixed costs, which is $400,000 - $200,000 - $100,000 = $100,000. Plugging into the residual income formula, Residual income = $100,000 - ($800,000 x 0.10) = $20,000.

One reason L.L. Bean moved to an unstructured, NoSQL, big data environment was because the firm's customer engagement had evolved to include some 30 different customer engagement channels.
A) True
B) False

Answers

Answer:

The correct answer is True.

Explanation:

we can define a NoSQL database as one that does not require fixed data structures such as tables; They do not fully guarantee ACID features and scale very well horizontally. They are used in distributed environments that must always be available and operational and that manage a significant volume of data.

We could summarize the main features of a NoSQL database as follows:

The standard language does not have to be SQL The data scheme is flexible or does not have a predefined scheme, which allows the processing of heterogeneous data ACID properties are not always guaranteed Greater consistency between program and database data Designed to be generally scalable horizontally They are usually distributed They are often open source with large development communities behind
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