Answer:
Gives the owner exclusive rights to manufacture and sell a patented item or to use a process for 20 years
Explanation:
A patent is defined as a rights that the owner of an innovative product or process has that allows him to exclusively manufacturer the product or have the only right to use a particular process for 20 years.
Usually the item patented gives a new way of solving problems.
Any duplication of the product or service that is patented has to be with the consent of the owner.
Patents allow inventors of products and services to be adequately compensated.for their innovation.
Absolute advantage is the ability of an individual, firm, or country to produce: A. a certain good at a lower opportunity cost than other producers. B. more of a certain good than other competing producers, given the same number of resources. C. more of a certain good than other competing producers, given more resources. D. a certain good at a lower total cost than other producers.
Answer:
D
Explanation:
Absolute advantage is the ability of an individual, firm, or country to produce B. more of a certain good than other competing producers, given the same number of resources.
The term "absolute advantage" refers to the 'authority or power of an individual, firm, or country to do any economic activity that is more efficient than others. In other words, it is when a particular business is given the opportunity to produce goods more efficiently than others.
In economics, there are two types of advantages- absolute and comparative advantage. Absolute is where an individual firm, company, etc. is given the right to produce a better goods with a lesser labor force. On the other hand, comparative advantage is where the production cost is taken into consideration. This means that an individual firms or nation may be subjected to lower opportunity costs as compared to other producers.The economic concept where production rights are given more to a particular firm or nation or even an individual is referred to as absolute advantage. Thus, the correct answer is option B.
Learn more about absolute advantage here:
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Disintermediation involves ______. Multiple choice question. professionally managed and centrally coordinated channels designed to achieve economies and maximize impact one firm's marketing channel being used to sell another firm's products a contractual arrangement between a parent company and another entity that is allowed to operate a business under an established name a channel member bypassing another member to sell or buy product directly
Answer:
a channel member bypassing another member to sell or buy product directly.
Explanation:
A marketing channel can be defined as the process of developing marketing techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers. There are four (4) main types of marketing channels;
1. Direct selling.
2. Dual distribution.
3. Reverse channel.
4. Sales through intermediaries.
The marketing intermediaries consist of retailers, wholesalers, agents or brokers, franchises, and distributors or dealers in the supply of goods and services to the customers.
The three (3) main functions of the intermediaries includes;
I. Logistical function: it involves assortment, sorting, storing and transportation of goods.
II. Transactional function: it involves an intermediary buying, selling and taking risks with respect to goods and services.
III. Facilitating function: it involves financing, marketing, grading and conducting research on a product or service.
Disintermediation can be defined as a strategic process which typically involves cutting out or isolating one or more intermediary (middleman) such as retailers, wholesalers, banks, agents (brokers), franchises, distributors (dealers) and other third parties from a supply chain, decision-making process, or business transactions.
This ultimately implies that, disintermediation involves a channel member bypassing another member to sell or buy product directly.
Consider industries X and Y. Industry X has total revenue of $100 million and total costs of $77 million. Industry Y has total revenue of $80 million and total costs of $40 million. We should expect that:
A. resources will move from Industry Y to Industry X.
B. prices are higher in Industry X.
C. labor and capital will move from Industry X to Industry Y.
D. firms in both industries will shut down operations.
Answer:
C
Explanation:
Profit = total revenue - total cost
Industry X : profit = $100 million - $77 million = $23 million
Industry Y : profit = $80 million - 40 million = $40 million.
Industry Y is more profitable than industry X, thus, there would be a move of resources from Industry X to Industry Y.
positive factors of bangladesh trading with united states
Answer: Increased revenues, benefitting from currency exchange
Explanation:
There benefits doing international trade. One of the the things that helps the economy of a nation is how well it does trade it's resources to other nations. Some of the benefits of Bangladesh trading with united states is that it increase the revenue of Bangladesh, and improves if the trade are more. Secondly, they benefit from the currency exchange rates. The United States has one of the best rates when we talk of currencies, and those trading with them will improve their local currencies too.
Managers should not become complacent about efficiency-based cost advantages because: a. both learning effects and economics of scale go on forever. b. the experience curve will bottom out at some point. c. cost advantages gained from experience effects are not affected by the development of new technologies. d. unit costs keep reducing as output increases. e. the experience curve steadily rises after a certain threshold is reached, indicating an increase in unit costs.
Answer:
b. the experience curve will bottom out at some point.
Explanation:
In the case when the manager could not become complacent regarding the advantage of efficiency based cost so here the experience curve should be end up at some point of time as the experience curve shows the relationship between the production quantity in cumulative one with the production cost
Therefore the option b is correct
Assume you plan to start a new enterprise; you know the probability of having losses for the first three years of operations is almost 90 percent, and you know you will report a substantial amount of income from other sources during those same three years. From a tax perspective, which of the following entity choices would not allow you to offset the entity losses against your income from other sources?A. C corporation.B. LLC.C. General partnership.D. S corporation.
Answer:
A. C corporation.
Explanation:
In the case of c corporation, it does not permit for setting off the business or entity loss that opposed to the income held from the other sources
so in the given scase, the c corporation does not permit for offsetting the losses
And, rest of the options should be permitted for the same
therefore the option a is correct
steps to follow when doing production process
Answer:
Development
Pre-production
Production
Post-production
Distribution
Use the following to answer question 10: Presented below is information related to ABC Corporation: Common Stock, $1 par Paid-in Capital in Excess of Par—Common Stock Preferred 8 1/2% Stock, $50 par Paid-in Capital in Excess of Par—Preferred Stock Retained Earnings Treasury Common Stock (at cost) $3,500,000 550,000 2,000,000 400,000 1,500,000 150,000 10. The total stockholders' equity of ABC Corporation is
Answer:
Explanation:
Calculation to determine what The total stockholders' equity of ABC Corporation is
Using this formula
Total stockholders' equity
=Common Stock+Paid-in Capital in Excess of Par—Preferred Stock + Paid-in Capital in Excess of Par—Common Stock + Preferred Stock, + Retained Earnings -Treasury Common Stock (at cost)
Let plug in the formula
Total stockholders' equity=$3,500,000 + 400,000 + $550,000 + $2,000,000 + $1,500,000 - $150,000
Total stockholders' equity= $7,800,000
Therefore The total stockholders' equity of ABC Corporation is $7,800,000
A plaintiff sued a chimney sweeping company for personal injury and property damages resulting from an explosion in her chimney the evening after the company had cleaned it. The explosion, which occurred when the plaintiff lit a fire in the fireplace, caused minor damage to the chimney, roof, and to the plaintiff, who was hit by falling bricks. As evidence that she assumed the risk of injury, the company offers to have its foreman testify that he had told the plaintiff not to use the fireplace for 24 hours to allow certain chemicals to evaporate. Is the foreman's proposed testimony hearsay
Answer:
No, because the statement is not offered for its truth.
Explanation:
Hearsay is defined as a statement that is aimed at proving the truth of a matter.
So if a person makes a statement not aimed at proving the truth of a matter it is not hearsay.
In the given scenario the company offers to have its foreman testify that he had told the plaintiff not to use the fireplace for 24 hours to allow certain chemicals to evaporate.
This statement is offered as a way to test the knowledge of the plaintiff. To see if he was aware of the danger of in the space of 24 hours.
That statement was not issued as a way of showing that it was dangerous for the plaintiff to light a fire, only to test his knowledge. So it is not hearsay.
The Open Door policy was designed to Group of answer choices protect American access to the China trade without resorting to war. all of the above prevent the United States from being excluded from the China markets. keep the markets of China open to the United States.
Answer:
keep the markets of China open to the United States
Explanation:
The Open Door policy was designed by the United States in 1899 and 1900.
The purposes of the policy include :
protection of equal privileges of China's trade partners. This meant that all of China's trading partners were to have equal access to all China's ports open for trading protection of China's administrative and territorial integrityIdentify a true statement about succession planning. Group of answer choices Long-term succession planning should exclusively include the CEO and top-level executives. Looking both internally and externally for potential candidates should be avoided during succession planning. It discourages the practice of making status-blind employment decisions. It provides career opportunities and plans for individuals, which helps retention and performance.
Answer:
It provides career opportunities and plans for individuals, which helps retention and performance.
Explanation:
Given that succession planning is the planning technique that involves the turning over of a firm's leadership roles, which is usually the owner of a firm or business to one or more employees such that the businesses keep running smoothly even after the firm's pioneers have long gone.
Some of the factors to consider when developing succession plans are
1. Internal candidates.
2. Candidate development.
3. Multiple candidates.
4. Diversity.
5. Team approach.
6. Middle management of the firm
7. Retention
Hence, the true statement about succession planning is that "it provides career opportunities and plans for individuals, which helps retention and performance."
"Money serves as a​ ______. A. unit of​ account, which means that it can be held and exchanged later for goods and services B. store of​ value, which is a function unique to money C. medium of​ exchange, which means that it is generally accepted in exchange for goods and services D. store of value because even during a period of inflation its value does not change"
Answer:
c
Explanation:
Money is anything that is generally accepted as a means of payment for goods and services and for repayment of debt.
Functions of money
1. Medium of exchange : money can be used to exchange for goods and services. For example, money serves as a medium of exchange when you pay $20 for your favourite jeans
2. Unit of account : money can be used to value goods and services, For example, $20 is the value of your favourite jeans
3. Store of value : money can retain its value over the long term, this it can be used as a store of value.
Inflation reduces the value of money.
Inflation is a persistent rise in the general price levels
Types of inflation
1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise
2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect
Honi is not a resident of Iowa although her website can be accessed by residents of that state. Jean files a suit against Honi in an Iowa state court. The court is most likely to have jurisdiction over Honi if Jean's claim arises from Group of answer choices the Internet's capacity to bypass boundaries. minimum contacts between Honi and any Iowa resident. substantial business between Jean and Honi through Honi's website. passive advertising on Honi's website.
Answer:
substantial business between Jean and Honi through Honi's website.
Explanation:
Jurisdiction of a court is the limit of its authority in in various proceedings such as cases, appeals, suits, and so on.
Normally state courts have jurisdiction when transactions occurred physically within the state.
However in this scenario where Honi's website can be accessed by residents of that state, a suit can be brought against her if there is substantial business between Jean and Honi through Honi's website.
The profit earned from the sale of stock that has increased in value is known as
Question 4 options:
A: a stock exchange.
B: speculation.
C: a capital gain.
D: a dividend.
Answer:
a capital gain . that is c
which statement best illustrates the relationship between three different elements of the circular flow of products
Answer:
C. Businesses create goods for product markets, which sell them directly to households.
Explanation:
Circular flow model is an economic model that is used by economists to show or demonstrate how money, goods and services move from one economic agent to another such as producer, workers, wholesaler, retailer and consumers (households).
Basically, the three (3) elements of the circular flow model of products are;
I. Business firms (producers).
II. Product market (wholesalers and retailers).
III. Households (consumers).
According to the circular flow model of products, businesses play a role in the circular flow of products (goods) by creating goods that households or consumers want to buy. These goods are produced to meet the needs or wants of customers (households) and as such making them willing to buy it.
This ultimately implies that, the cardinal point or reason for which businesses engage in the manufacturing of goods and services is to supply the product markets, which sells them to consumers in order to meet their demands.
In conclusion, the statement which best illustrates the relationship between the three (3) different elements of the circular flow of products is that, businesses create goods for product markets, which sell them directly to households.
Answer:
resource markets sell materials sell materials to businesses which use them to make goods sold to households
Explanation:
I just took the test
1.How does a teacher maintain the quality of education. write in brief.
2 why do you think that the teaching job is the most important. give reasons
3. do you like teaching job?why or why not?give reasons as much as you can.
4. Differentiate between teaching profession and other professions in the context of our country.
Answer:
Explanation:
Simple Guidelines To Improve Teaching Quality and Effectiveness In The Classroom
Introduce technology in the classroom. ...
Personalise the learning experience of the students. ...
Involve Parents in The Classroom. ...
Empower students to be active learners.
. Securitization of loan portfolios, such as credit card loans and mortgage loans, will occur if a. the financial market will pay more for the loan portfolio than the issued asset-backed securities. b. the financial market will pay more for the issued asset-backed securities than the loan portfolio. c. a financial guarantee is obtained from a commercial bank. d. the borrowers permit their loan to be securitized. e. both a and d
Answer:
the financial market will pay more for the issued asset-backed securities than the loan portfolio.
Explanation:
Securitization
This is simply known as putting together of loan with others loans that of the same grade or similar characteristics thereby bringing about (creating) credit powered claims against the cash flows of the said portfolio, and thereafter selling the said claims to investors.
It is often regarded as the means by which some specific assets are pooled for repackaging into interest bearing securities. It is said to have started in the in 1970's, where home mortgages were to be pooled by government.
Benefits of Securitization
1. It is easier to raise cash than regular debt instruments
2. There is the transfer of credit risk of assets the firm is originating
3. To makes bundles look very good when they are ranked.
Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $16,100 under terms of 3/10, n/30 and FOB shipping point. 2) Green Company paid freight cost of $610 to have the merchandise delivered. 3) Payment was made to the supplier on the inventory within 10 days. 4) All of the merchandise was sold to customers for $23,700 cash and delivered under terms FOB destination with freight cost amounting to $410. What is the amount of gross margin that results from these transactions
Answer:
$7,473
Explanation:
Calculation to determine the amount of gross margin that results from these transactions
First step is to calculate COGS
COGS=$16,100-($16,100 * 0.03)+$610
COGS=$16,100-$483+$610
COGS=$16,227
Now let calculate the Gross margin
Using this formula
Gross margin = Sales revenue - COGS
Let plug in the formula
Gross margin=$23,700 - $16,227
Gross margin =$7,473
Therefore the amount of gross margin that results from these transactions is $7,473
All of the following are examples of body language except:
Answer:
using humor to describe a situation
Answer:
I would go with b. using humor to describe a situation
Explanation:
Using humor is basically trying to accentuating your point/situation,so that's excluded.
I hope this helps
DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January 10,440 March 5,190 February 8,240 April 4,120 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,500 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month’s production requirements. Prepare a direct materials purchases budget by month for the first quarter.
Answer:
DeWitt Industries
Materials Purchase Budget for the first quarter:
January February March
Ending inventory 1,648 1,038 824
Production
requirements 31,320 24,720 15,570
Beginning inventory 9,500 1,648 1,038
Purchases (pounds) 21,820 23,072 14,532
Explanation:
a) Data and Calculations:
Production Budget
Month Units
January 10,440
February 8,240
March 5,190
April 4,120
January February March April
Production Units 10,440 8,240 5,190 4,120
Production
requirements 31,320 24,720 15,570 12,360
Materials Purchase Budget
January February March April
Ending inventory 1,648 1,038 824
Production
requirements 31,320 24,720 15,570 12,360
Beginning inventory 9,500 1,648 1,038 824
Purchases (pounds) 21,820 23,072 14,532 11,536
State the type of skewness for a frequency distribution whose three quartiles are 21, 18 and 20.
Answer:
Left skew
Explanation:
Given the quartiles of a distribution :
21, 18 and 20
Lower quartile, Q1 = 18
Median, Q2 = 20
Upper quartile, Q3 = 21
Representing the quartiles of the distribution as box plot, we can see that the median, Q2 is much closer to the third quartile, Q3, Than it is to the first quartile, Q1. Hence, we have a left skew or a negatively skewed distribution.
When the price level falls: Multiple Choice the demand for money rises. there is a decrease in spending that is sensitive to interest-rate changes. there is a decrease in the quantity of goods demanded as net exports. holders of financial assets with fixed money values increase their spending.
Answer:
holders of financial assets with fixed money values increase their spending.
Explanation:
Draw a market supply and demand curve representing a state with no restrictions on who can conduct the real estate closing transaction.
Answer:
attached below
Explanation:
Supply and demand curves are used to represent the relationship between the two main forces of the open market ( demand and supply )
with no restriction on who can conduct real estate closing transaction, when the demand curve shifts to the right there will be no change with the supply curve. but the price will move from P1 to P2 and quantity will move from Q1 to Q2.
When Reba lists the Chandlers’ home in the MLS, she will categorize it as a ______. a. Retro-commissioned structure b. Townhome c. Converted structure d. Single-family home 2. If the Chandlers sell the home at this time, is it likely that they will have a capital gains tax obligation? a. Yes, if they sell the home for more than $500,000. b. Yes, if they sell the home for a net capital gain. c. No, as long as the gain does not exceed $500,000, assuming that they are filing a joint return. d. No, because the sale of a primary residence is not subject to capital gains tax. Chapter 4 Home Ownership
When Reba lists the Chandlers’ home in the MLS, she will categorize it as a townhome.
If the Chandlers sell the home at this time, is it likely that they will have a capital gains tax obligation? No, as long as the gain does not exceed $500,000, assuming that they are filing a joint return.
291. Much of the hope for continued improvement of the economy lies in the projection of increasing consumer spending this year. . A. projection of increasing consumer spending B. projection of consumers increasing spending for C. projected consumer spending increase 37 D. consumer spending that is projected to increase E. increase in consumer spending that is projected for
Answer:
The correct answer is E:
Much of the hope for continued improvement of the economy lies in the increase in consumer spending that is projected for.
Explanation:
i. Much of the hope (this is the main Subject of the conversation)
ii. for continued improvement (this is the Prepositional phrase. It modifies the noun “hope”)
iii. of the economy (this is a Prepositional phrase – it modifies the noun “improvement”)
iv. lies in the projection (This is the main Verb – “lies”)
v. of increasing consumer spending this year. (This is the prepositional phrase. It modifies the noun “projection”)
At first glance, it would appear that the positive experience that is anticipated is the projection.
A projection (unqualified) in this case is an estimate of how a thing will be in the future.
Having stated this, we see that it is more logical to hope for a positive experience that will occur than to just hope. Hence the hope is really in the increase in consumer spending not in the projection as a separate word.
(E) therefore is the Correct option because in this option that in this option “that” modifies “increase”.
Cheers
how bad does a W look on a transcript?
Answer:
W's do not count against your overall GPA and thus, do no harm grade-wise. However, W's can run you at risk of losing financial aid. Schools have what's known as satisfactory academic progress which means that you'll need to be completing your courses for credit.
Which of these would increase the quantity of CD players supplied at an electronics store in the mall?
A. The increase in the number of electronics stores in the mall
B. An increase in the price of the computer chips used in CD players
C. An increase in the price of CDs at a music store in the mall
D. An increase in the selling price of CD players at that store
Answer:
D
Explanation:
it would increase if more are sold in the store
HELP PLS
A construction company in a small town needs to hire workers to build a new community center. There are only 4 people in town who are qualified to work:
- Klara works full-time at the local gas station, earning $8.99 per hour
- Henry works full-time as an administrative assistant at the town hall, earning $19.99 per hour
- Alex works four hours a day mowing lawns, earning $11.99 per hour, and another four hours a day cleaning houses, earning $17.99 per hour
- Melody works full-time at a bank in the next town earning $22.99 per hour
What hourly wage must the construction company offer to get enough workers to fill 30 hours per day? Assume your answer is in dollars per hour and enter a numeric value only.
Answer:
$23
Explanation:
List five materials for packaging with two example of product used
Answer:
Paper/Paperboard/Fiberboard.
HDPE/PET/Rigid Packaging.
LDP/LLDPE/Flexible Packaging.
Aluminum Packaging.
Glass/Jars.
What is decreasing marginal utility?
Answer:
Diminishing Marginal Utility. Consuming one candy bar may satisfy a person's sweet tooth. If a second candy bar is consumed, the satisfaction of eating that second bar will be less than the satisfaction gained from eating the first. If a third is eaten, the satisfaction will be even less.
