Answer:
Explanation:
a. Monopoly has no competition so it can charge a higher price and produce less quantity when compared to a perfectly competition. For a consumer, perfectly competition which provides more goods at a lower price is better.
b. Due to lack of competition, monopoly does not have to be efficient in its resource allocation. To increase the allocative efficiency, the government can pass regulation to limit price charged and increase quantities of goods produced by the monopoly.
Answer:
Explanation:
compared 2 perfectly competitive firms, monopoly charges higher price and produces less quantity.
perfectly competitive firms are better for consumer
govt regulation can increase monopoly's efficiency by putting restriction on price n requiring quantity of goods produced.
Name any FIVE causes of stress in the workplace
Answer:
1. long hours
2. tight deadlines
3. heavy workload
4. changes to duties
5. job insecurity
Jon enjoys fishing (which costs $20) and golf (which costs $30) and has $140 to spend each month on these activities. Last month, Jon fished four times and golfed twice. The last fishing outing provided Jon a marginal utility of 50, and the last round of golf provided a marginal utility of 120. What is Jon's marginal utility per dollar spent on the last time fishing
Answer:
Fishing - 2.5 and Golfing - 4
Explanation:
Calculation to determine What is Jon's marginal utility per dollar spent on the last time fishing and golf
Last fishing outing produced =50 / $20
Last fishing outing produced = 2.5 units of utility per dollar.
Last round of golf provided= 120 / $30
Last round of golf provided= 4 units of utility per dollar
Therefore Jon's marginal utility per dollar spent on the last time fishing and golf is Fishing - 2.5 and Golfing - 4
Luka, who owns a small breakfast and salad bar, has a reputation in the community as a tough manager. Many customers have heard Luka yell at his employees because he feels that workers today are lazy, lack ambition, and hate to work. Luka is a(n) ________ manager. Group of answer choices Theory Z participative contingency Theory X Theory Y
Answer: Theory X
Explanation:
A Theory X manager refuses to believe that workers can be internally motivated. They believe that workers are lazy, lack ambition and hate to work and so there is a need to continually push them to work.
This push can come in the form of punishment, rewards or prompting. Luka yells at his workers to push them to work by prompting them to. This style is generally looked down on today.
New orders are coming in quickly for SmartTech, and management is confident that new contracts will take them through the next couple of years. The company has started investing again, but not in people. The number of employees is the same as when the company and its competitors faced the Great Recession. Most likely due to ________________, the company is producing more product and services with less people. Multiple Choice
Answer:
Technological advancement
Explanation:
Technological advancement is a method that is used to make production process more efficient without increasing the labour that is used.
It involves the use of technology to increase efficiency of the production process.
This makes it possible for SmartTech to produce more product and services with less people.
They are investing more in technology than in human labour.
what is photo synthesis?
Answer:
photo synthesis is the process in which green plants use water and carbon dioxide to create their food.
In his backyard, a homeowner unwittingly built a garage that encroached two feet across the property line onto property owned by his neighbor. The next year, the homeowner discovered his error in the course of selling his property to a buyer. After the sale, the neighbor learned of the encroachment of the garage onto her property and sued the homeowner for damages and trespass. In this action, will the neighbor prevail
Answer: C) Yes, because the homeowner knew where the garage was located when he built it, even though he did not know where the property line was.
Explanation:
Encroachment refers to a scenario where a property owner builds a structure on the land of their neighbor. If a structure on the property of this owner also extends into the property of the neighbor, this is also considered encroachment.
Encroachment can either be intentional or unintentional but either of them can result in the offender being penalized. In the case of an unintentional encroachment such as this scenario, the property owner would still get panelized for knowing about the location of the structure and how it could have been encroaching even if they did not know that it was in fact, encroaching.
Christopher is a licensed sales agent sponsored by Coastal Realty in Corpus Christi, Texas. Jose has been a real estate broker in Playa del Carmen, Mexico, for five years. In that time, Mexico has not required any kind of license or registration to engage in brokerage activity. Christopher has clients interested in purchasing property on the Gulf Coast of Mexico. Christopher has referred his clients to Jose. Can Christopher accept compensation from Jose for referring his clients to Jose
Answer:
Yes.
Explanation:
Christopher can accept referring fee from Jose for clients referred to him but he should disclosed this fee as referring fee since he is a licensed agent. Jose may or may not disclose referral fee paid by him since he is not registered sales agent and Mexico does not require any kind of license for brokerage activity.
I can't believe it, said Wiley Coyote, I am the president of Acme enterprises and we make $200,000 a year profit with me working my tail off. Our distributor, Road Runner Representatives, made over $800,000 in commissions. I don't understand why they are making all of that money when all they do is run around all day and say beep-beep to customers. I think we should lower the commission rate to bring their income down to a more reasonable level. This is an example of
Answer:
This is an example of vertical conflict.
Explanation:
A vertical conflict can be described as a conflict that occurs between two different types of members in a distribution channel - for example, a manufacturer, an agent, a wholesaler, or a retailer.
In the question the Acme enterprises which its president, Wiley Coyote, represents is the manufacturer; while their distributor is the agent. In this case, a vertical conflict is said to have occurred between the manufacturer and the agent who are both different types of members of the same distribution channel.
Therfore, this is an example of vertical conflict.
What is the difference between total output and labour productivity?
Answer:
Productivity is the rate of efficiency by which a company produces goods and services. Thus, output is only one part of the equation used to measure efficiency. ... If the company spends more on its input than it receives in output, it is not efficient.
While it is often sufficient to rely on informal methods of estimating the market value of real estate assets, the complexity and large dollar value of many real estate decisions dictate that formal estimates based on methodical collection and analysis of relevant market data should be utilized. The unbiased written estimate of the market value of a property is
Answer:
Appraisal
Explanation:
When the non formal methods for predicting the value of the real estate asset should be used and the complexity & large value wth related to the decision made by the real estate represent that the estimated are depend upon the method collection & the analysis made on the market data
So here non-biased predicted value of the market value with related to the property is known as the appraisal
The purpose of penalty clauses in purchasing agreements is to _________. assure the financial stability of the supplier stock inventory at the supplier require the supplier to comply with mandatory cost reduction efforts avoid supplier delivery problem
Answer:
avoid supplier delivery problem
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
The fundamental principle of supply chain management is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing producer), a wholesaler, and a retailer who typically sells the products to the customers or consumers.
Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
A penalty clause can be defined as an express provision in a contractual agreement which places an obligation or penalty such as a forfeit or fine, upon the party who has breached a contract by providing compensation to the victim or aggrieved party.
Hence, the purpose of penalty clauses in purchasing agreements is to avoid supplier delivery problem between the producers, wholesaler, retailer and consumers or buyers and sellers.
Staind, Inc., has 7.5 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 8.75 percent, what is the current bond price?
Answer:
Explanation:
Assuming the face value of the bond = $1000. Interest = 1000*7.5% = $75
Current Price = Interest * PVAF (10 years, 8.75%) + Maturity Value * PVF (8.75%, 10 Years)
Current Price = $75 * 6.4889 + $1000*0.4322
Current Price = $486.67 + $432.20
Current Price = $918.87
So, the current bond price is $918.87
An attorney came to work on a Saturday. When he signed in, he was advised by the morning security guard employed by the building management that he must be out of the building by 5 p.m., when it closes. However, he stayed past 5 p.m. to complete a brief that had to be filed on Monday morning. At 5:15 p.m., the afternoon security guard set the locks on all the doors of the building and left. Because she was in a hurry, she did not check the sign-in sheet to make sure that everyone had signed out, contrary to mandatory procedures. When the attorney tried to exit 15 minutes later, he discovered that the doors were all locked and could not be opened from the inside. He used his cell phone to call for help, and a supervisor from the building arrived and let him out shortly thereafter. If the attorney sues the building management for false imprisonment, is he likely to win
Answer:
The attorney will most likely lose if he sues for false imprisonment
Explanation:
False imprisonment is also called unlawful imprisonment. It is the act of confining a person to an area without legal authority, justification, or consent of the person that is restrained.
In the given scenario the attorney was informed that he office will be locked by 5 am. If he was staying longer he should have informed the security.
Also the security guard did not intentionally lock him in as she was not aware he was present.
For one to be guilty of false imprisonment these three conditions should be met:
- an act that confines a person to a particular area
- intention of confining the person
- causation
These conditions were not met in this case.
Clearwater Electronics is planning to open an office in Shanghai , China , and the HR department has been asked to benchmark the compensation practices of other multinational organizations in the region . Why is benchmarking a first good step to developing a compensation and benefits plan to attract and retain nes employees who will contribute to the organization ?
Answer: Benchmarking will ensure that salary and benefit decisions are made on solid data. This information will aid and influence the cost management of the organization.
Explanation:
Benchmarking simply refers to how companies compare their performance metrics and processes to that of other companies in the industry .
Through benchmarking, the organization can collect information of other companies, which will be important in developing a good compensation and benefits plan for the employees.
An interest-free period during which a credit card owner can pay off a balance
without having to pay finance charges is called a
A. grace period
B. minimum monthly payment
o
C. billing cycle
a
D. finance charge
Adrianne is a package delivery service manager. She is interested in implementing ________, the management philosophy pioneered by Frederick W. Taylor and Frank and Lillian Gilbreth, which scientifically studies work methods to improve the productivity of individual workers. In this particular case, Adrianne will study the routes that drivers take through a congested to city in order to identify ways that delivery staff can make the most deliveries in each two-hour period. Group of answer choices quantitative management contingency management management science human relations management scientific management
Answer:
scientific management
Explanation:
Scientific management represent the management theory in which the analysis is done with respect to the workflow. Its main purpose to improve out the economic efficiency and the labor productivity.
So as per the given situation since adrianne will have to study the routes so that the delivery staff could able to make the most deliveries in two -hour period due to which the productivity could be increased
A business must decide whether to open a new office in China. If it opens the
branch, it will increase its chances of selling a high volume of its products in
China. On the other hand, the business will have to spend a lot of money to
make the branch operational.
What would be an opportunity cost for the business if it chooses to open the
new branch in China?
A. The business would be able to increase the selling prices for most
of its products.
B. The business would be able to easily sell its products to many
new customers.
C. The business could not use the money it spends on the new
branch for something else.
D. The business would have to spend all its money making new
Chinese products.
Answer:
C. The business could not use the money it spends on the new
branch for something else.
Bil Tarnofsky makes the following statement: 'We must become more flexible if we are to meet our personnel needs and maximize efficiency. In the past, we simply hired as many full-time employees as we thought we needed. But this focus has caused us to lose many valuable employees. We should offer flextime and job sharing options to help us keep and attract talented employees. "Margaret Robin responds by saying "Alternatives to traditional job design approaches can lead to significant cost savings. Next year we are expected to have 500 more employees than our current facility allows, but my analysis reveals that 600 of our employees could telecommute. Therefore, we can avoid costly actions such as moving our offices or building extensions if these workers became telecommuters, job sharing can also reduce facility costs as well as payroll costs. Tamnofsky and Robin would be most likely to disagree about which of the following questions?
A. Would telecommuting likely lead to cost savings?
B. Does the organization have a moral obligation to offer flextime and job sharing options?
C. If offering a job sharing option would not reduce costs, should the organization still offer it?
D. Would the organization be better able to keep valuable employees if it offered flextime and job sharing options?
E. Are any other organizational structure decisions important for the future of the organization?
Answer:
C. If offering a job sharing option would not reduce costs, should the organization offer it?
Explanation:
The statement Bil Tarnofsky makes is focused on retaining talented employees and attract new talented employees, by offering flextime and job sharing options
The statement Margaret Robin responds with is the use of alternative job design, such as telecommuting could achieve higher cost savings from the need to accommodate the 500 more employees, by moving the offices and expanding the buildings, in the coming year
Tamnofsky and Robin would be most likely to disagree on the different focus of their statements which are; If offering a job sharing option would not reduce costs, should the organization offer it?
11. This year, teachers can eam a $250 tax credit on money they spend in their classrooms. How will this tax credit affect the teachers' tax returns?
A. The $250 will come directly off of the amount of taxes the teachers owe.
B. The $250 will be subtracted from the teachers' gross incomes.
C.This credit will put them in higher tax brackets.
D.This credit is not big enough to make any impact on the teachers' taxes.
Answer: A. The $250 will come directly off of the amount of taxes the teachers owe.
Explanation:
When given a tax credit of a certain amount, it means that you can deduct that amount from the taxes you owe which means that the taxes you are to pay will be reduced. If you received a tax credit of $500 for instance and you owed taxes of $2,000, your taxes would become $1,500.
In this scenario therefore, with the teachers receiving a tax credit of $250, taxes that the teachers owe will be reduced by $250.
What "Super Union" had taken on railroad companies and factories to improve the conditions for workers?
( 1 )
Knights of Labor
( 2 )
International Workers of the World (IWW)
( 3 )
American Federation of Labor (AFL)
( 4 )
American Railway Union (ARU)
Explanation:
4th one is the answer
American Railway Union (ARU)
Trình bày khái niệm đặc điểm của môi trường vĩ mô, môi trường vĩ mô gồm những yếu tố nào, phân tích môi trường kinh tế trong môi trường vĩ mô ? Ví dụ
Môi trường vĩ mô là môi trường trong đó, các yếu tố là những nguồn lực, thể chế bên ngoài có khả năng tác động, ảnh hưởng tích cực hoặc tiêu cực đến hoạt động Marketing của doanh nghiệp và các yếu tố trong môi trường vi mô của doanh nghiệp.
Linda Baer has already saved $6,500 to buy a used vehicle. Ignoring taxes and assuming her money is invested in a money market account earning 3 percent compounded annually, how long will it take to buy a car that costs $9,000?
Answer:
11 years.
Explanation:
Below is the calculation for the time period:
Present value of the money = $6500
Interest rate = 3%
Future value of the money = $9000
Future value = Present Value (1 + r )^n
9000 = 6500 (1 + 3%)^n
9000/6500 = (1 + 3%)^n
1.3846 = (1.03)^n
Now solve for the value of n by taking ln on both sides.
Thus n = 11 years.
A resource-based strategy Multiple choice question. focuses on efficient execution of both primary and supporting components of the company's value chain. targets areas of potential cost-reduction in the company. can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals. will only be effective it if overcomes all weaknesses identified through a SWOT analysis.
Answer:
can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals
Explanation:
A resource-based strategy is a form of the technique used by business managers to efficiently utilized the existing and valuable resources of the firm. These resources would be difficult to come by for the competitors such that it is hard for competitors to replicate. Thereby leading a sustainable or long term competitive advantage to the firm
Hence, in this case, the correct answer is A resource-based strategy "can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals."
A felon planned to break into the rental storage unit next to his that contained valuable electronic equipment. He went to a hardware store to purchase a crowbar. The proprietor sold him the crowbar even though he told her that he needed it to break into someone's storage unit. After the purchase, the felon went to the storage facility with his friend. The felon told the friend that he had lost the key to his storage unit and did not have time to contact the facility's manager, so they needed to break into the unit to get his equipment. Because the felon had a bad back, the friend pried open the door with the crowbar and carried the equipment out to the car. A silent alarm was triggered and the pair were apprehended shortly after leaving the facility. Can the proprietor and the friend be convicted as accomplices to larceny
Answer:
Yes.
The proprietor and the friend were accessories to the crime. They could have prevented it, but they did nothing. The friend even participated actively in the robbery.
Explanation:
In criminal law, an accessory to a crime refers to a person who knowingly and voluntarily participates in the commission of a crime, for example, breaking rental storage. They can be categorized as before the crime (the proprietor who sold the crossbar) or after the commission of the crime (the friend that facilitated the robbery). Accessories to a crime need not be actually present at the scene of the robbery to be held liable for this crime.
URGENT.
True or false. The marketing department is the most important function in business.
Answer:
True
Explanation:
Without the marketing department the business is demolished
Answer:
The answer is true.
Explanation:
The marketing department is one of the most important things a business can do. Not only does marketing build brand awareness but it can also increase sales, grow businesses and engage customers.
On a base level, marketing is useful for customer education. The business owner and employees know the ins-and-outs of the product but do the consumers? In order to buy into a product, the audience needs to have a solid understanding of what it does and how it works. Marketing is the most effective way to communicate the value proposition to the customers in a fun and interesting way. If consumer education is a priority then marketing should be too.
Modern marketing is a less expensive game than ever before. Social media platforms and email campaigns have made reaching out to consumers a much more finance-friendly possibility. Smart marketing can help even the playing field when it comes to competing against big name competitors. Due to the smaller nature of their businesses, SMB leaders often have much more time to pay attention to every client individually via the various marketing platforms. Modern consumers value experience over pricing, so this kind of one-on-one interaction could push customers in your direction over bigger brands.
Marketing is meant to sustain a company’s presence – not remedy a lack of engagement. In this sense, marketing is something that businesses need to create and manage every day to maintain a healthy relationship with their consumers. Marketing is important because it allows businesses to maintain long-lasting and ever-present relationships with their audience. It is not a one-time fix, it is an ongoing strategy that helps businesses flourish.
Customer engagement is the heart of any successful business – this is especially true for SMBs. Marketing solves the question of how to keep a conversation going once the customer has walked out the door. In the past, face-to-face interactions made up much of B2C engagement. Consumers want to be engaged outside the store. This is where marketing comes in, and whatever the medium, a person can send their customers content to keep them engaged beyond store hours. The audience wants to form a relationship with your brand, and marketing can be used to do just that.
Marketing is important because it helps to sell your products or services. The bottom line of any business is to make money and marketing is an essential channel to reach that end goal. SMBs need to create fresh and inviting content to draw customers in and lead them to a purchase. Marketing helps sales and sales help your business.
Marketing is an important strategy to ensure the growth of a business. While the current customers should always be the main priority, marketing efforts can help to expand this base. Little efforts like social media posts and email campaigns can not only engage existing consumers but spread the word to new potential customers. In essence, marketing secures a business’s future through new and old customer engagement.
The sales statt at Mocmoo Real Estate is compensated primarily based on the value of the properties thay call. However, in order to encourage the salespeople to act in the best interests of the company, Macmoo bases 10 percent of each salesperson's yearly bonus on whether the company reaches its yearly financial goals. In which of tho following situations would the interests of tho salesperson bo most likely to conflict with the interests of the overall organization? Soloct one:
a. A Maemos agent becomes the selling agent for the same property multiple times
b. A Macmoo real ontate agent and another rool estate agent have a difference of opinion about the fair market value of a property
c. A Macmoo real estate agent completos a transaction com a commission, and generates naos leads that become profitable relationships for
d. A real estate transaction would generate a high commission for an agent but would associate the agency with the destruction of a beloved local
e. A Macmoo agont works excessively to earn a big bonus but neglects her personal life other Macmoo agents landmark
Answer:
A real estate transaction would generate a high commission for an agent but would associate the agency with the destruction of a beloved local landmark.
Explanation:
there would be a conflict of interest between the organisation and the sales person when the interests of both parties do not align.
The goal of the sales person is to earn the highest possible commission. While, the goal of the firm would be to earn profit and a have a positive image.
If the agent makes the sale, he earns a high commission but this would cost the firm its positive image. thus, the interest of both parties are at odds. this would generate a conflict of interest
Spackel Corporation recorded the following events last year: Issuance of shares of the company's own common stock $ 380,000 Purchase of long-term investment $ 40,000 Dividends paid to the company's own shareholders $ 18,000 Cash paid to suppliers for inventory purchases $ 12,000 Repayment of principal on the company's own bonds $ 370,000 Interest paid to lenders $ 6,000 Collection by Spackel of a loan made to another company $ 110,000 Purchase of equipment $ 350,000 On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities. Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be: Multiple Choice $(280,000) $(760,000) $(1,286,000) $(390,000)
Answer:
$(280,000)
Explanation:
The computation of the net cash provided or used by investing activities is given below:
Purchase of long-term investment -$40,000
Collection by Spackel of a loan made to another company $110,000
Purchase of equipment -$350,000
Net cash used by operating activities -$280,000
Stock markets are a economic type of globalization
TRUE OR FALCE
Answer:
the answer is true I guess
Answer:
true
Explanation:
If the next chair of the Federal Reserve Board has a reputation for advocating an even slower rate of money growth than the current chair, what will happen to interest rates? A. Slower money growth will lead to a liquidity effect, which will lower interest rates. Moreover, the lower income, price level, and inflation will reinforce the decrease in interest rates. B. Slower money growth will lead to a liquidity effect, which will raise interest rates; however, the lower income, price level, and inflation will tend to lower interest rates. C. Slower money growth will lead to a liquidity effect, which will lower interest rates; however, the lower income, price level, and inflation will tend to raise interest rates. D. Slower money growth will lead to a liquidity effect, which will raise interest rates. Moreover, the lower income, price level, and inflation will reinforce the increase in interest rates.
Answer: B. Slower money growth will lead to a liquidity effect, which will raise interest rates; however, the lower income, price level, and inflation will tend to lower interest rates.
Explanation:
Slower money growth would mean there is less money in the economy which means that there is less liquidity. This will increase interest rates because there would be less money available to loan out to people and so the ones that will be available have to be done at high rates.
As a result of the lower money supply though, people would have lower incomes and demand less goods which would reduce the price level. These will have the effect of reducing the rates to enable people get loans.
Why would a manager begin the evaluation process by asking the individual to evaluate his or her contributions to the project?
Answer:
To determine the employee's strengths and weaknesses
Explanation:
The reason a manager would begin the evaluation process of an employee by asking the individual to evaluate his or her contributions to the project is "to determine the employee's strengths and weaknesses"
This is a form of self-assessment to the employee. Hence, it allows the employer to let the employee know his current abilities and proficiency without the need for an appraiser or biased judgment.
For example, the self-assessment will include questions like "what are my strengths"
