Answer:
Value
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
According to the economist Philip Kotler in his book titled "Marketing management" he stated that, there are five (5) levels of a product. This includes;
1. Core benefit.
2. Generic product.
3. Expected product.
4. Augmented product.
5. Potential product.
The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.
In Economics, value is a subjective assessment of benefits by a customer with respect to costs in determining the worth of a product.
For example, a hotel provides a comfortable and convenient bed to spend the night (sleep) when you travel for a vacation at a price.
All of the following are true about a corporation except: multiple choice a corporation is separate from its owners. a corporation issues bond certificates to its owners. a corporation may be either privately held or publicly held. a public sale refers to selling stock on an organized stock market.
Answer:
a corporation issues bond certificates to its owners
Explanation:
In the corporation, the business entity is separated from the owners, it can be either public or private. Moreover, the public sale means the sale of the stock is to be made on the stock market i.e. organized.
But it does not issued the bond certificate to the owners of the corporation
So as per the given situation, this is not true option
All of the following are true about a corporation except a corporation issues bond certificates to its owners. The correct option is a.
A corporate bond is an instance of debt security that a company issues and sells to investors. The company receives the capital it requires, and the investor receives a predetermined number of payments for interest at either a rate of interest that is either fixed or variable. When the bond "reaches maturity," or expires, the payments come to the initial investment is returned.
The bond is generally backed by the company's ability to repay, which is determined by its future revenue and profitability prospects. Physical assets of the company may be used as collateral in some cases.
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Professional athletes often have contract clauses prohibiting risky activities such as skiing and motorcycle riding. These clauses are
Answer:
Restrictive covenants
Explanation:
A restrictive convenants are legally binding agreements that prevents a person from performing a specific action.
So the person that enters into a restrictive convenant has agreed to abide by the contract and not engage in certain actions.
When professional athletes have contract clauses that prevents them from doing risky activities such as skiing and motorcycle riding, this is an example of restrictive convenant.
A financial institution near you advertises itself as especially oriented towards educators and teachers. What is the category this institution would most likely fall under
Answer:
Credit union.
Explanation:
A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks to employees such as teachers, educators, nurses, etc.
Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.
In this scenario, a financial institution advertises itself as especially oriented towards educators and teachers. Thus, the category this institution would most likely fall under is a credit union because it's not run like businesses that is after making profit i.e it's a non-profit business established to assist employees with their finances.
Answer:
Credit union
Explanation:
Credit union is the category this institution would most likely fall under.
A corporation filed a breach of contract action against another corporation in the United States District Court for the District of State A on the basis of diversity of citizenship jurisdiction. The action seeks $80,000 in damages. The plaintiff corporation was incorporated in State B and has its principal place of business in State C. The defendant corporation was incorporated in State C and has its principal place of business in State A. The defendant corporation filed a motion to dismiss the action for lack of subject matter jurisdiction. Will the defendant corporation's motion be granted
Answer:
Yes because both the plaintiff corporation and the defendant corporation have a common state citizenship
Explanation:
A federal court can have federal subject-matter jurisdiction over a case based on diversity jurisdiction, in which is required the jurisdictional amount is more than $75,000 and that non of the plaintiffs has the same citizenship of a state as any of the defendants
The citizenship of a corporation is both the state of incorporation and the corporation's principal place of business
Given that the plaintiff corporation was incorporated in State B and has State C as its principal place of business, the citizenship of the plaintiff corporation is both State B and State C
Similarly, the defendant corporation's citizenship, based on the state the corporation was incorporated and the state of principal place of business are State C and State A
Therefore, the plaintiff corporation and the defendant corporation have the same citizenship of a state, which is State C, and the defendant corporation's motion will be granted
A Blue Cross/Blue Shield insurance plan that allows members to choose any provider, but offers higher levels of coverage when members obtain services from network providers would be an example of:
Answer:
Preferred Provider Organization (PPO)
Explanation:
A Preferred Provider Organization (PPO) refers to a Blue Cross/Blue Shield insurance and health plan that avail members the opportunity of choosing any of their preferred insurance or healthcare provider by collaborating with medical providers such as doctors, hospitals, etc, while offering higher levels of coverage when members obtain services from network providers.
the world price of a good or service is below the equilibrium price of that good or service, the country being analyzed will ______________________ (import, export) the good or service. As a result, consumer surplus ______________________ (increases, decreases), and producer surplus ______________________ (increases, decreases). Total surplus ______________________ (increases, de
Answer:
import
increases
decreases
unchanged
Explanation:
If the world price of a good or service is below the equilibrium price of that good or service, it means that the world is more efficient in the production of that good. So, the country being analysed should import the good.
If the country imports the good, prices would fall. As a result, consumer surplus increases and the producer surplus decreases. total surplus remains unchanged
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Total surplus = Consumer surplus + Producer surplus
Explain how $1 has all 6 characteristics of money
Answer:
In economics, money is any product or object that can be used as payment or leverage and for the preservation or measurement of valuables. In some cases, money is also required to delay the delivery of "real" valuables. In everyday speech, money is synonymous with the public currencies of certain countries.
The importance of money is that they make barter unnecessary, but barter is often inefficient as it is based on both parties to the transaction having a product that the other party is interested in. Money is simplified, as it is possible to deliver a product to one party in exchange for money and then pay another party for the product requested.
McKittridge Consulting pursues activities such as engaging in disciplined thinking, searching constantly for new knowledge, benchmarking, and sharing ideas throughout the organization via information systems. Which type of organization is McKittridge Consulting
Answer:
Learning organization
Explanation:
A learning organisation is defined as one that is focused on promotion creation, acquiring, and transfer of knowledge for the clients it serves and its members.
It also constantly transforms itself by improving on its processes.
McKittridge Consulting is a learning organisation because it pursues activities such as engaging in disciplined thinking, searching constantly for new knowledge, benchmarking, and sharing ideas throughout the organization via information systems.
The inability of lower-income groups to sustain the same lifestyle as higher-income groups in the same community is known as:
Answer:
Relative deprivation
Explanation:
Relative deprivation is the inability of lower income groups to sustain the same lifestyle as higher income groups in their same lifestyle as higher income groups in their same community, often resulting in feelings of anxiety and inferiority.
It is the lack of resources such as money, food, clothes, rights, social equality necessary to maintain the quality of life considered acceptable within a given socioeconomic group.
Relative deprivation is a feeling of being worse of than the people one mingles with. For instance: when your group of friends or colleagues all have a car but you couldn't afford one at the moment.
1. A basic assumption of the short run is that a firm: a. can employ more workers and add more capital to the production process. b. cannot adjust its workforce or the amount of capital it uses. c. can reduce the number of workers it uses, but it cannot adjust how much capital it uses. d. can freely adjust the amount of labor and capital that it
Answer:
Can reduce the number of workers it uses, but it cannot adjust how much capital it uses
Explanation:
The Short Run
This is simply refered to as a time frame (period of time) where at least one factor of production is fixed. The totality of Production takes place in the short run that is, it using more of the variable factors such as labour to the fixed factor such as capital, land.
The length of the short run can be known by the time it takes to increase the quantity of the fixed factor. This is said to change from industry to industry. The industries with Short Short Run includes Call centres, digging holes, internet based etc.
The Long Run
It is also known as the timeframe where all factors of production are said to be variable, but the state of technology is fixed. All planning takes place in the long run that is always in your head.
On a production possibilities curve, a change from economic inefficiency to economic efficiency is obtained by a) movement along the curve b) movement from a point outside the curve to a point on the curve c) movement from a point inside the curve to a point on the curve d) a change in the slope of the curve
Answer:
c) movement from a point inside the curve to a point on the curve.
Explanation:
Option C is correct because the production possibilities curve shows the combination of goods produced by the economy efficiently and any point inside the curve shows the inefficiency of the economy while the point outside the curve shows that the economy can not achieve it. Therefore, change in economic inefficiency to efficiency leads to move point from inside to the point on the curve.
Cafe Italiano pays $70,000 for the trademark rights to a line of specialty sandwiches. After several years, sales for this line of specialty sandwiches are disappointing, and management estimates the total future cash flows from sales will be only $40,000. The estimated fair value of the trademark is now $20,000. What is the amount of the impairment loss
Answer:
the amount of the impairment loss is $50,000
Explanation:
The computation of the amount of the impairment loss is shown below:
Impairment loss = Purchase price of trade marks - Estimated fair value
= $70,000 - $20,000
= $50,000
Hence, the amount of the impairment loss is $50,000
The same should be considered and relevant
Under the Uniform Commercial Code (UCC), in a simple delivery contract, once goods are identified in a contract the contract is considered _____.
Answer:
executed
Explanation:
Under the Uniform Commercial Code (UCC), in a simple delivery contract, once goods are identified in a contract the contract is considered executed.
What is Uniform Commercial Code (UCC)?The Uniform Commercial Code (UCC), a comprehensive body of legislation, governs all business transactions in the United States. It is a state law that has been uniformly enacted rather than a federal law. Uniformity of law is critical in this field for interstate business transactions. Businesses can enter into contracts knowing that the terms will be upheld consistently by courts in every American jurisdiction thanks to the UCC's widespread adoption. Because commercial connections are more secure as a result, businesses may expand and the American economy does well. The UCC has been referred to as "the backbone of American commerce" for this reason.
The Uniform Commercial Code (UCC) is a standardized set of business laws and regulations. The UCC code was created in 1953 as it became increasingly difficult for businesses to transact business across state lines due to differing state laws. 1
The Uniform Commercial Code (UCC) is significant because it provides a standard legal and contractual framework that allows companies from different states to transact with one another. The UCC laws have been fully adopted by the majority of states in the United States. Although there are some minor differences between states, the UCC code is divided into nine articles. The UCC articles cover a wide range of transactions, including banking and lending.
Uniform Commercial Code (UCC) laws govern personal property sales and other transactions. If you've ever bought a business or a car, you've probably signed a UCC-1 statement. The lender retains ownership of the title until the loan is paid off.
The Uniform Commercial Code (UCC) policies are primarily concerned with the activities of small businesses and entrepreneurs. Part of the goal is to clear up any confusion about how each state might regulate such operations separately.
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Julie sets high goals for herself at work. She is more committed to reaching these goals than most employees. She is organized, works hard, and remains persistent in the face of obstacles to reaching her work goals. Julie would probably score high on a measure of
Answer:
conscientiousness.
Explanation:
A personality psychologist can be defined as an individual who is saddled with the responsibility of studying the emotions, behaviors, motives, and thought patterns of individuals and how these psychological subsystems affects their lives. This ultimately implies that, personality psychologist are much more interested in studying the individual differences in humans in relation to their psychology.
Conscientiousness is one of the Big Five trait of personality, amongst other traits such as agreeableness neuroticism, extraversion and openness. They are used to access the personality of a living organism, especially human beings.
In this scenario, Julie would probably score high on a measure of conscientiousness because she possesses the following attributes or qualities; organized, works hard, persistent, committed, etc.
The United States passed the Foreign Corrupt Practices Act in response to _______ issues between U.S. companies and foreign countries.
Answer:
Bribery
Explanation:
The FCPA(foreign corrupt practices act) Is a US law that was passed in 1977 to tackle bribery and corruption among corporations that pay foreign officials and other foreign companies or institutions for business contracts, or to expedite legal processes. It was popular in the 1970s and was even filed as part of expenses in the financial statements by US corporations.
At the end of 2017, companies from one country collectively owned $22 billion in assets in its neighboring country. The $2 billion represents the ________ of FDI. A. stock B. flow C. outflow D. trend E. exchange
Answer:
A. Stock
Explanation:
The Stock of Foreign Direct Investment (FDI) measure the total level of direct investment at a given point in time, usually the end of a quarter or of a year.
The outward FDI stock is the value of the resident investors' equity in and net loans to enterprises in foreign economies.
True or false: Merchandise inventory is generally converted to cash more quickly than accounts receivable.
Answer:
False
Explanation:
Merchandise inventory is the stock that company have to kept in its godown while the account receivable is that when company sold the goods on credit basis to the customer
So here the company could received the payment within 12 months it can be in within month also
So the given statement is false
Mark is hired as part of a diversity initiative at his company. He fluently speaks the same language as a quickly growing percentage of the people the company services. However, when decisions are being made regarding these customers, Mark is never included or even asked for input. His coworkers do not make any efforts to reach out to him. As a result, Mark does not feel like he is really part of the organization, they just value his ability to speak a different language. What is this an example of
Answer:
differentiation
Explanation:
From the question we are informed about Mark who was hired as part of a diversity initiative at his company. He fluently speaks the same language as a quickly growing percentage of the people the company services. However, when decisions are being made regarding these customers, Mark is never included or even asked for input. His coworkers do not make any efforts to reach out to him. As a result, Mark does not feel like he is really part of the organization, they just value his ability to speak a different language. This case, this an example of differentiation. Differentiation in business can be regarded as the principle of setting one's company apart from other competors or individual from others using specific elements, these elements could be distribution network , it could be price, expertise and others.
Assume the following for the town of Boone: it has a total population of 40,000 people, of which 1,000 are under 16 years of age or are institutionalized: 5,000 are full-time students who are not employed and are not seeking work; and 30,000 are employed. The rest of the people are out of work but have been actively seeking work within the past four weeks. What is Boone's unemployment rate?
Round your answer to 1 decimal place
__________ percent
Answer:
Unemployment rate = 0.1176 or 11.76%
Explanation:
Given total population = 40000
Blow 16 years = 1000
Full time student = 5000
Employed = 30000
Unemployed people = 40000 - 1000 - 5000 - 30000
Unemployed people = 4000
Unemployment rate = Unemployed people / (employed + unemployed)
Unemployment rate = 4000/ (30000 + 4000)
Unemployment rate = 0.1176 or 11.76%
If the number of suppliers increase, the supply curve will shift to the ________ and the price will ________.
Answer:
Rightwards; Fall
Explanation:
Rightwards; Fall
The increased number of sellers or suppliers will increase the supply in the market. Resulting the supply curve will shift rightwards and with the shift in the supply curve, the price will fall because of the more availability of goods in the market.
According to the definitions of national saving and private saving, if Y, C, and G remained the same, an increase in taxes would
Question options :
a. raise both private and public saving.b. raise private saving and lower public saving.c. lower private saving and raise public saving.d. lower private and public saving.
Answer:
c. lower private saving and raise public saving.
Explanation:
National saving is total of private and public saving minus the country's consumption and government expenditure.
Private saving is income from households minus consumption and taxes.
Formula for public saving is T − G − TR which is government budget surplus through revenue from tax. This is revenue from tax minus government expenditure and transfers.
A(n) on bonds payable occurs when a company issues bonds with a contract rate less than the market rate.
Answer:
A discount on bonds payable: Occurs when a company issues bonds with a contract rate less than the market rate.
Explanation:
A discount on bonds payable: Occurs when a company issues bonds with a contract rate less than the market rate
Premium on bonds payable - occurs when a company issues bonds for an amount greater than their face or maturity amount. This causes the bonds to have a contract interest rate that is higher than the market interest rate for similar bonds.
On the other hand, Discount on bonds payable - occurs when a company issues bonds for an amount lesser than their face or maturity amount. This causes the bonds to have a contract interest rate that is lesser than the market interest rate for similar bonds.
The period of time in which people starting a new job adjust and "settle in" is called the: A. the assimilation process. B. the socialization process. C. probationary period. D. workplace networking
Answer:
A. the assimilation process.
Explanation:
It is correct to state that the period of time in which people start a new job, adjust and settle down is called the assimilation process, which corresponds to a process in which the individual adapts to changes that will impact their way of living in society.
A new job, therefore, is an example of an assimilation process as a company has its own rules and regulations that an individual will have to assume when gaining a new position. Therefore, there is assimilation and adaptation to the new environment, rules and interpersonal relationships.
based on the diminishing returns to specialization, it is more realistic to assume that the units of resources required to produce one unit will
Answer:
decrease.
Explanation:
Diminishing returns to specialization is when resources can freely used to produce any good. Units of resources required to produce one additional unit will decrease. The rate of output will increase with same resources.
Recently Kaden switched jobs from a large firm to a medium-sized firm. As one of four project managers at the new firm, Kaden recognizes that employees have much more respect for his expertise than he perceived at the larger firm where there were a minimum of 25 project managers. According to Maslow, which need in his hierarchy is important to Kaden
Answer: esteem
Explanation:
According to Maslow, the esteem need is important to Kaden. Esteem needs simply means the need for self esteem, respect, and self-confidence.
Esteem needs are the basis through which other people value and accept us. As individuals, if we are don't have self esteem, it can bring about inferiority complex. Esteem needs brings about confidence, social acceptance, and respect from others.
Daven inherited property from a parent. The property had an adjusted basis to the parent of $1,600,000. It was valued at $2,000,000 at the date of death and valued at $1,800,000 six months after the date of death. The executor elected the alternative valuation date. What is Daven's basis in the property
Answer:
$1,800,000
Explanation:
As per the section of 1014(a) (2) pf IRS the basis of the inherited property is normally the fair market value at the time of dealth.
In the case when there is an alternative valuation date i.e. chosen so here the basis should be at the fair market value because the valuation is less than the value at death
So $1,800,000 should be considered
You have approached a hospital administrator about marketing in her facility. The administrator is uncomfortable with the suggestion. How could you address her concerns
Answer: When meeting with the hospital administrator she can be assured that it's written in medicare guideline for products to be marketed around their facility as long as it doesn't obstruct their business
Explanation:
Medicare guidelines allows for marketing of products around some facilities. When meeting with the hospital administrator she can be assured that it's written in medicare guideline for products to be marketed around their facility as long as it doesn't obstruct their business.
the Great Recession that began in 2007, the Fed lowered interest rates to almost 0%. What did it do to accomplish this policy
Explanation:
it makes it cheaper for banks to get money from the federal reserve
in return they can offer loans with less interest to customers such as those who buy homes
What is not true regarding tax forms? Multiple Choice The objective of the tax form is to provide information to federal and state tax authorities. Tax forms include: Federal and State income tax returns, Federal Payroll Forms and Federal Form 1099. When preparing tax returns, a company uses different rules from those used to prepare financial statements. When preparing tax returns, a company uses the same rules as those used to prepare financial statements.
Answer:
Explanation:
When preparing tax returns, a company uses different rules from those used to prepare financial statements.
The supply chain area that is responsible for determining what to buy, how much to buy, and how to manage the suppliers is known as _____.
Answer:
Procurement
Explanation:
The supply chain area that is primarily concerned with what to buy, how much to buy, and how to manage suppliers for optimum service delivery is known as procurement.
The supply chain generally refers to the processes and resources involved in the supply of products or services to the final consumers. It includes procurement, planning, and logistics.
The procurement has to the with the purchase of materials. It includes the quantity of materials to buy and at what price as well as how to manage relationships with suppliers for the benefit of the firm. Planning has to do with synchronizing the supply of material with production in relation to the demand for the final product while logistic has to do with optimizing the delivery process to minimize cost and time.
