Explain the concept of adding value in a business, and identify
four useful ways to categorize businesses.
(Business in Action: Thriving in the Digital Enterprise Ninth
Edition)

Answers

Answer 1

Adding value refers to the process of enhancing a product or service with various features that make it more appealing to customers. It's a crucial aspect of a company's success since it ensures that the products and services meet the needs of customers, increase sales, and boost customer loyalty. The four useful ways to categorize businesses include;

1. Service vs. Manufacturing Businesses: Service businesses provide intangible products to their customers while manufacturing businesses produce tangible goods. Examples of service businesses include consulting, entertainment, education, and healthcare. Examples of manufacturing businesses include automobiles, furniture, electronics, and clothing.

2. Small vs. Large Businesses: Small businesses have fewer than 500 employees, while large businesses have more than 500 employees. Small businesses are often independently owned, have lower revenue, and focus on serving a local area. On the other hand, large businesses have multiple locations, higher revenue, and often serve a more extensive customer base.

3. Retail vs. Wholesale Businesses: Retail businesses sell their products directly to customers, while wholesale businesses sell their products to other businesses. Examples of retail businesses include grocery stores, clothing stores, and electronics stores, while examples of wholesale businesses include manufacturers and distributors.

4. Local vs. Global Businesses: Local businesses operate within a small geographic area and focus on serving the needs of the local community. In contrast, global businesses have a presence in multiple countries and serve customers around the world with the aim of achieving economies of scale, expanding the customer base, and maximizing profits.

In conclusion, adding value to a business refers to the process of enhancing a product or service with various features that make it more appealing to customers. The four useful ways to categorize businesses include service vs. manufacturing businesses, small vs. large businesses, retail vs. wholesale businesses, and local vs. global businesses.

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Related Questions

Using SMART goal-Written criteria blank refers to asking how ?
A.measurable
B.timely
C.specific
D.realistic
E.attainable

Answers

Answer:

A.measurable

Explanation:

Smart is an acronym Specific, Measurable, Achievable,

Realistic and Timely. These are attributes that guide how goals or objectives should be set.

The question of " how" is answered by the attribute 'measurable.'

In this criterion, measurable describes the specific criteria to be used and the ways of measuring progress toward accomplishing the goal. The path to achieving the objective must be meaningful and motivating.

Answer:

Measurable

Explanation:

The inflation rate measures the percentage growth rate of:

Answers

The inflation rate measures the percentage growth rate of: prices. This is calculated by comparing the prices of a basket of goods and services from one period to the next.

The cost of products and services rises over time in direct proportion to the inflation rate.

The rate of inflation is a crucial economic indicator since it can be used to forecast changes in the cost of living and offer information about the state of the economy.

The value of money can be significantly impacted by inflation, which can also reduce consumer purchasing power and raise costs of living.

Governments and central banks therefore regularly monitor the inflation rate in order to maintain stable pricing and a robust economy.

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I know it's old news, but what did you think about the will Smith slap at the Oscars ?​

Answers

Answer:

I think that it was kind of funny but also like not really funny

Honestly I think it was justified but he shouldn’t have done it in front on live tv

under the concept of establishment of responsibility, how many people should have the ultimate responsibility?

Answers

Answer:

1

Explanation:

because we smart,im from forest hill

Answer:

1 because he or she can lead a group

cost management, one of the ten pmbok guide knowledge areas, includes the processes involved in planning, estimating, budgeting, financing, funding, managing and controlling costs so that the project can be completed within the approved budget.

Answers

Project Cost Management, one of the ten PMBOK guide knowledge areas, includes the processes so that the project can be completed within the approved budget. The Statement is True.

The fourth of the PMBOK's ten project management knowledge areas is project cost management. It has four processes.  The final one involves managing project finances while a project is being carried out, and it takes place in the Monitoring and Controlling process group.

These three fall within the planning process category because they all include establishing project budgets.

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The question was incomplete. Check below the full question.

Whether the statement is True or False.

Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget.

Match the examples with the types of goods.
To match them, click the example, and then click the type of good.
Unsought good
Omar buys a snack bag of chips that he noticed while
waiting in line at the store.
Joaquin pays for renters' insurance so that he will get
paid if his belongings are destroyed in an accident or
burglary
Convenience
impulse good
Jamie goes to the store to buy toothpaste.
Convenience
staple good
Wanda reads reviews of different video cameras to
decide what brand she wants, and then chooses the
store with the lowest price on that item.
Shopping good
Adriana only buys doughnuts from her favorite local
doughnut shop.
Specialty good

Answers

Answer:

Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good. Convenience impulse good are good which entices the consumer which leads to he making purchase without researching or thinking.

Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good. Unsought good are goods that the consumer has no prior knowledge on and usually purchased out of fear.

Jamie goes to the store to buy toothpaste - Convenience staple good. Convenience staple good are goods regularly consumed.

Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good. Shopping good are goods purchased after consumer had compared its prices, quality in different store.

Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good. Specialty good are goods which specific characteristics and benefit such that consumer has a reason for purchasing it.

How often are financial statements
released?

Answers

Answer:

Once per year

Explanation:

The law requires businesses to prepare their financial statements and reports every year or twelve months. A business's financial period should not exceed 12 months. All firms must prepare their financial reports to the relevant stakeholders at the end of every financial period.

Shareholders, investors, business partners, and the government are some of the users of the company's financial reports. The law expects the business to present their financial statements at the end of every period. However, companies may prepare reports in between the financial period for their internal use.

The ___ inkblot test employs a series of inkblot cards designed to reveal a person's unconscious desires, fears, and conflicts.

Answers

The Rorschach inkblot test employs a series of inkblot cards designed to reveal a person's unconscious desires, fears, and conflicts.

This psychological test, developed by Hermann Rorschach in the early 20th century, is based on the principle that individuals will project their thoughts and feelings onto ambiguous stimuli, such as the inkblot images.

During the test, the individual is presented with a series of inkblot cards, one at a time, and asked to describe what they see in each image. The responses are then analyzed based on various factors, including content, location, determinants, and popular responses. These interpretations provide insights into the individual's perception, thought processes, emotional state, and underlying psychological dynamics.

The Rorschach inkblot test is rooted in the psychodynamic theory, which suggests that individuals' perceptions are influenced by their unconscious mind. By presenting the individual with unstructured stimuli, the test aims to tap into their unconscious thoughts and feelings, allowing the examiner to gain a deeper understanding of their inner world.

It is important to note that the Rorschach test is a complex and nuanced assessment tool that requires extensive training and expertise to administer and interpret accurately. The test results are subject to multiple interpretations, and the examiner considers various factors to derive meaningful insights.

Overall, the Rorschach inkblot test provides a unique window into the individual's unconscious mind, allowing psychologists to explore their innermost thoughts, desires, fears, and conflicts. It is often used in clinical settings to aid in the assessment, diagnosis, and treatment planning for individuals with psychological disorders.

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the implicit cost incurred by a firm to use its resources to produce its output is the firm's explicit cost. opportunity cost. total cost. accounting cost.

Answers

The implicit cost incurred by a firm to use its resources to produce its output is the firm's total cost. Option C is the correct answer.

Simply put, an asset has an implicit cost when it is used rather than rented or purchased. Total cost refers to all costs a business incurs in order to create a specific amount of output as used in economics. Option C is the correct answer.

Any expense that has already happened but isn't always recorded or reported as a distinct charge is considered an implicit cost. It is the opportunity cost that develops when a corporation employs internal resources on a project with no stated pay for resource consumption. As a result, there is never a financial exchange when a corporation distributes its resources since it always forfeits the chance to make money from using them elsewhere. Option C is the correct answer.

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Mary wants to accumulate $25,000 by the end of five years for her son's college education. She will make the first of five equal annual installments one year from today. If the account into which she deposits the money earns 12% compound annual interest, what amount must each deposit be

Answers

Answer:

Amount of annual deposit = $3935

Explanation:

Below is the calculation of each deposit:

Future value of deposit = $25000

Number of years = 5 years

The interest rate on the deposit = 12%

Amount of annual deposit = Future value (A/F, r, n)

Here, r = Rate of interest

n = 5

Now insert the values.

Amount of annual deposit = 25000 (A/F, 12%, 5)

Amount of annual deposit = 25000 (0.1574)

Amount of annual deposit = $3935

Use the sum-of-year depreciation method to calculate the depreciation for the
following scenario. Company XYZ bought a new machine for $100,000 and
expects the machine will last for 10 years.

Answers

Answer:

20%

Explanation:

How to Calculate Straight Line Depreciation

The straight line calculation steps are:

Determine the cost of the asset.

Subtract the estimated salvage value of the asset from the cost of the asset to get the total depreciable amount.

Determine the useful life of the asset.

Divide the sum of step (2) by the number arrived at in step (3) to get the annual depreciation amount.

Straight Line Example

Company A purchases a machine for $100,000 with an estimated salvage value of $20,000 and a useful life of 5 years.

The straight line depreciation for the machine would be calculated as follows:

Cost of the asset: $100,000

Cost of the asset – Estimated salvage value: $100,000 – $20,000 = $80,000 total depreciable cost

Useful life of the asset: 5 years

Divide step (2) by step (3): $80,000 / 5 years = $16,000 annual depreciation amount

Therefore, Company A would depreciate the machine at the amount of $16,000 annually for 5 years.

The depreciation rate can also be calculated if the annual depreciation amount is known. The depreciation rate is the annual depreciation amount / total depreciable cost. In this case, the machine has a straight-line depreciation rate of $16,000 / $80,000 = 20%.

Use the sum-of-year depreciation method to calculate the depreciation for thefollowing scenario. Company

What is the basis of the law of demand?
Group of answer choices

Self-interested behavior

Marginal utility

Utility curves

Market timing

Answers

market timing

Explanation:

because that way u wont miss customers

Tanya has recently been appointed CEO of a corporation that specializes in computer software. The corporation has made a substantial profit since she joined due to her emphasizing the importance of deadlines and sales goals to her software design team. Tanya is best described as what type of leader

Answers

Answer:

Transactional leader.

Explanation:

Leadership can be defined as a process which typically involves motivating, encouraging and inspiring employees working under an individual to be innovative and create positive changes that will foster growth and enhance the success of a business firm or company in the future.

This ultimately implies that, beyond an individual possessing the traits or qualities of a leader, leadership in itself is a process that revolves around the activities or happenings between the leader and those who he or she is leading, which are the followers. Thus, leadership is simply a continuous process and it's transactional in nature because it occurs between a leader and the followers.

In this scenario, Tanya has recently been appointed CEO of a corporation that specializes in computer software. The corporation has made a substantial profit since she joined due to her emphasizing the importance of deadlines and sales goals to her software design team. Thus, Tanya is best described as a transactional leader because she is more concerned with her team (followers) meeting set targets (goals) or defined requirements, objectives and expected level of results (performance).

It is only necessary to underline vocabulary words identified in a test question. Please select the best answer from the choices provided T F?

Answers

Answer:

The answer you are looking for is false

Explanation:

Got it right edge 2021

Answer:

False

Explanation:

Edge 2021

Company x has monthly fixed costs of $100,000 and a unit variable cost of $50. how many units do they have to sell at $100 to break even?

Answers

Company X needs to atlest sell 2,000 units at fixed cost of $100 per unit to break even.

To calculate the break-even point, we need to determine the number of units the company needs to sell in order to cover its fixed costs.

Let's denote the number of units to be sold as 'x'. The total cost for the company can be expressed as:

Total Cost = Fixed Costs + (Variable Cost per Unit * Number of Units)

In this case, the fixed costs are $100,000, and the variable cost per unit is $50. The revenue earned from selling 'x' units at $100 per unit can be expressed as:

Revenue = Price per Unit * Number of Units

To break even, the total cost should equal the revenue:

Fixed Costs + (Variable Cost per Unit * Number of Units) = Price per Unit * Number of Units

$100,000 + ($50 * x) = $100 * x

Now, we can solve this equation to find the value of 'x':

$100,000 + $50x = $100x

$100x - $50x = $100,000

$50x = $100,000

x = $100,000 / $50

x = 2,000

Therefore, Company X needs to sell 2,000 units at $100 per unit to break even.

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Joe owns a business which produces wooden furniture he employs 20 workers in the production Department and three workers in the office is Joe pays all his workers wages which are calculated by time rate but he is thinking of changing to peace rate

Answers

Answer:

The peace rate will result in lower total wages than time rate.

Explanation:

Piece rate is a wages calculator in which labors are paid for the piece of work done by them. They are paid for the quantity of units produced irrespective of time consumed. Time rate is wage calculation method in which wages are calculated based on hours worked. The major disadvantage for this method is that labors can waste time making products due to securing high wage.

Determining all information systems projects and assets is central to a(n) ________ analysis.

Answers

Determining all information systems projects and assets is central to a(n)  portfolio analysis.

Portfolio analysis is a branch of investment management that enables market participants to analyze and evaluate the performance of portfolios (stocks, bonds, alternative investments, etc.), both in relative and absolute terms. purpose. Measure associated risks.

Analyzing a portfolio's risk and reward characteristics can help you pursue your investment goals. Portfolio analysis is a useful tool for evaluating how an investment portfolio is performing in terms of risk and return.

Portfolio analysis in strategic management provides an understanding of how current and future business portfolios (products or services) can be shaped to reduce risk and increase the impact of implemented strategies to operate in a changing environment. You can answer important questions.

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While the 2022 world cup is technically anyone’s game, ______ has a 15/4 chance of winning.

Answers

Brazil has a 15/4 chance of winning the 2022 FIFA world cup, according to bet365.

What is the FIFA world cup 2022?

The FIFA World Cup, which in simple terms is called the World Cup, is an international association football competition contested by the senior men's national teams of the members of the Fédération Internationale de Football Association (FIFA) and it is the International Federation of Association Football, the sport's global governing body.

The championship has been awarded every four years since the inaugural tournament in 1930, except in 1942 and 1946 when it was not held because of the Second World War.

The reigning champions are France, who won their second title at the 2018 tournament in Russia.

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Mergers and acquisitions associated with conglomeration result
in yet another major trend

Answers

Mergers and acquisitions in conglomeration lead to a significant trend: diversification. By combining different business , companies expand their operations into new industries, creating diverse portfolios and reducing risk.

Mergers and acquisitions (M&A) in the context of conglomeration refer to the consolidation of different companies or businesses into a single entity.

process typically leads to the formation of conglomerates, which are large corporations with diversified business interests across various industries.

One major trend associated with conglomeration through M&A is diversification. By merging with or acquiring businesses operating in different sectors, companies aim to broaden their portfolio of products, services, and markets. This diversification strategy allows them to reduce their reliance on a single industry or market segment, thereby spreading their risks.

Diversification provides several advantages. First, it enables companies to tap into new revenue streams and customer bases. By expanding into different industries, they can reach a broader audience and capitalize on the growth potential of multiple sectors. Second, diversification helps companies hedge against economic downturns or industry-specific risks. If one sector experiences a decline, the overall impact on the conglomerate's financial performance can be mitigated by the strength of other diversified business units.

However, it is worth noting that conglomeration through M&A is not always successful. Integration challenges, cultural clashes, and the management of diverse businesses can pose significant difficulties. Moreover, some argue that conglomerates may become too unwieldy to manage effectively, potentially resulting in decreased operational efficiency and slower decision-making processes.

Nonetheless, the pursuit of diversification through mergers and acquisitions remains a notable trend in the world of business, driven by the desire to expand market reach, reduce risk, and explore new opportunities across multiple industries.

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According to the video, what are some decisions that Architects make? Select four options.

how much money a building will be worth when finished
what traffic patterns people will follow
how people will feel when they enter or leave a building
how many laborers are needed for a project
where to put doors, walls, and windows
what building materials to use
which people will be allowed to enter a building

Answers

The decisions that Architects make include:

how much money a building will be worth when finished.how people will feel when they enter or leave a building.where to put doors, walls, and windows.what building materials to use.

Who is an architect?

It should be noted that an architect simply means an individual who plans, designs and also oversees the construction of a building.

In this case, some of the decisions that Architects make include how much money a building will be worth when finished, how people will feel when they enter or leave a building, etc.

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Answer:

above answer is wrong

Explanation:

According to the video, what are some decisions that Architects make? Select four options.how much money

In 1904, the first Putting Green Championship was held. The winner's prize money was $130. In 2016, the winner's check was $1,180,000. (Do not round Intermediate calculations.) a. What was the percentage increase per year in the winner's check over this period? 8.48 -24.13 8.58 8.53 8.38 b. If the winner's prize Increases at the same rate, what will it be in 2049? 17,300,567.97 130.00 17,834,707.86 17,565,669.27 16,781,954.64

Answers

a. The percentage increase per year in the winner's check over the period from 1904 to 2016 is 8.53%.To calculate the percentage increase, we will need to calculate the total percentage increase over the entire period.

We can do this using the formula:(Final Value - Initial Value) / Initial Value x 100%Let's plug in the values for the initial and final amounts:$1,180,000 - $130 / $130 x 100%Simplifying, we get: $1,179,870 / $130 x 100%This comes out to approximately 9082.85%.Now we need to divide this total percentage increase by the number of years in the period. From 1904 to 2016 is 112 years, so:9082.85% / 112 years = 8.53%So the answer is 8.53%.b. If the winner's prize increases at the same rate, it will be $17,565,669.27 in 2049.

To calculate this, we can use the formula for exponential growth :A = P(1 + r)^nwhere : A is the final amountP is the initial amountr is the rate of growth is the number of years Let's plug in the values we know:P = $130r = 8.53% = 0.085n = 2049 - 1904 = 145 yearsWe want to solve for A, so we can rearrange the formula as:A = P(1 + r)^n = $130(1 + 0.085)^145 = $17,565,669.27So the answer is $17,565,669.27.

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As long as you have great service, it doesn’t really matter what the exterior of the building looks like.

true or false

Answers

Answer:

false

Explanation:

The look of the exterior of a house does matter because it is what someone first sees when looking at the building so it does matter a lot actually.

Good day to you!

On 1 January 2015, Telupid Bhd acquired a fabric design from a well-known fashion designer at RM2,000,000. The company had conducted a thorough product life-cycle analysis, and the results indicated that the design would be trending for the next 20 years. On 1 January 2020, due to unexpected changes in the fashion industry, the design that was initially estimated to have a total useful life of 20 years was revised to 10 years. As a result, the value-in-use was estimated to be RM900,000 on that date. In January 2022, the company incurred additional costs of RM1,500,000 to improve the old design and the improvement allows the useful life of the design to be extended for another 3 years. The company adopts the cost model for the intangible assets and the property plant and equipment. The depreciation and amortisation expenses are calculated on a straight-line method and charged to profit or loss on a yearly basis. The company closes its account on 31 December every year.
Required:
a. Discuss whether the fabric design acquired on 1 January 2015 to be treated under MFRS 116 Property, Plant and Equipment or MFRS 138 Intangible Assets. (4 marks)
b. Explain the appropriate accounting treatment to account for the revision of the useful life of the design and the value-in-use of RM900,000 on 1 January 2020. Prepare relevant journal entries for the year ended 31 December 2020. (7 marks)
c. Explain the appropriate accounting treatment for the additional cost incurred to improve the old design for the year ended 31 December 2022. (5 marks)
d. Prepare an extract statement of financial position and statement of profit or loss and other comprehensive income for the year ended 31 December 2022 to reflect all the transactions related to the fabric design. (4 marks

Answers

(a) The fabric design acquired on 1 January 2015 should be treated under MFRS 138 Intangible Assets.In accordance with the terms of MFRS 116, an asset can be classified as property, plant, or equipment if it meets the following requirements:It's possible that the asset has economic benefits.

It's likely that the cost of the asset will be determined reliably.Since the company acquired the fabric design from a well-known fashion designer, it can be classified as an intangible asset under MFRS 138 as it meets the requirements of MFRS 138. It satisfies the first criterion since it will generate future economic benefits for the company, and it satisfies the second criterion since its cost is determined reliably. (b)The useful life of the fabric design has been revised from 20 years to 10 years due to the change in fashion industry. As a result, the value-in-use of the fabric design is estimated to be RM900,000 on that date. When there has been a change in the estimate of the useful life of an intangible asset, it should be treated as a change in an accounting estimate under MFRS 138. As a result, the carrying amount of the intangible asset should be adjusted in the current year to reflect the revised useful life, and the depreciation should be charged in future periods over the revised useful life.

Journal entries for the year ended 31 December 2020: Account Debit Credit Intangible assets – Fabric design 100,000 Depreciation expense – Fabric design 100,000 (Being the depreciation charged for the year ended 31 December 2020) (c)The appropriate accounting treatment for the additional cost incurred to improve the old design for the year ended 31 December 2022 is to recognize them as an expense in the income statement in accordance with MFRS 138. The expenditure should only be recognized if it satisfies the following criteria:It's possible that the improvement will generate future economic benefits.The cost of the improvement can be calculated reliably.Journal entry for the year ended 31 December 2022: Account Debit Credit Expense – Improvements 500,000 Bank 500,000 (Being the cost incurred to improve the design) (d)Extract statement of financial position as at 31 December 2022: Extract statement of profit or loss and other comprehensive income for the year ended 31 December 2022.

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As an advertising manager of a company, you have been asked to write a proposal stating why the company should advertise and it's benefits to the company

Answers

Answer: Advertising helps expand the market of the company to have more people to know about the product

Explanation:

Proposal for advertising; My firm, xyz cooperation would love to handle the publicizing aspect of your product while you go ahead your business. We have been into these business for about 20years, so we understand the challenges that comes with the business and how they are tackled. We are creative and emerging with our services, as we offer them with reasonable and affordable prices, do read through our profile as we look forward working with you

Benefits;

1) We expand your market when we advertise for you

2) We brand your firm with a new look and make consumers get attracted

3) We offer a discount of 15% for new firms and subsequently 5% for consistent customers.

How does American style differ from Japanese style? Japanese style is identified as casually elegant, often using very luxurious fabrics while American style is noted for being chic, sophisticated, and smart. Japanese style is identified as casually elegant, often using very luxurious fabrics while American style is noted for being chic, sophisticated, and smart. American style is identified as casual, athletic, and clean-cut while Japanese style is noted for having complicated cutting and structure. American style is identified as casual, athletic, and clean-cut while Japanese style is noted for having complicated cutting and structure. American style is identified as casually elegant, often using very luxurious fabrics while Japanese style is noted for being chic, sophisticated, and smart. American style is identified as casually elegant, often using very luxurious fabrics while Japanese style is noted for being chic, sophisticated, and smart. Japanese style is identified as casual, athletic, and clean-cut while American style is noted for having complicated cutting and structure.

Answers

Answer:

American style is identified as casual, and ethic and clean cut while japanese style is considered poorly and has been noted for having complicated cutting and structure

Explantion:

got it right on Edge 2022

What are some of the duties of a person who works in housekeeping services? Check all of the boxes that apply.

creating computer reports

washing linens

providing services to patients

mopping up spills from the floor

Answers

Providing service to patients i think good luck

Answer:

2 4

Explanation:

What is a public good?

A A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without
payment

B A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without
payment

C A public good is a product or service that one consumer cannot prevent another consumer from using, and is not accessible without
payment

D A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.

Answers

I believe your answer is B

A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without  payment

Question 1 If good X is measured on the horizontal axis and good Y on the vertical, what can you say about the preferences of someone whose indifference curves are described below?

(i) parallel to the Y axis? (5 pts)

(ii) upward sloping with utility increasing as one moves to the right? (5 pts)

(iii) downward sloping with utility increasing as one moves to bottom-left? (5 pts)

Answers

1. Indifference curves parallel to the Y-axis suggest a constant rate of substitution and indifference between different combinations of goods X and Y.

2. Upward-sloping indifference curves indicate a positive marginal rate of substitution, with the individual willing to trade more units of Y for additional units of X.

3. Downward-sloping indifference curves imply a negative marginal rate of substitution, with the individual willing to exchange some units of X for more units of Y.

For each of the three scenarios described, here is what we can say about the preferences of the individual:

1. If the indifference curves are parallel to the Y-axis, it means that the individual has a constant rate of substitution between goods X and Y. This suggests that the individual is indifferent between different combinations of goods X and Y, as long as the ratio between the two goods remains the same.

2. If the indifference curves are upward sloping and utility increases as one moves to the right, it indicates that the individual has a positive marginal rate of substitution between goods X and Y. In other words, the individual is willing to give up some units of good Y to obtain more units of good X, while maintaining the same level of utility.

3. If the indifference curves are downward sloping and utility increases as one moves to the bottom-left, it implies that the individual has a negative marginal rate of substitution between goods X and Y. This means that the individual is willing to give up some units of good X to obtain more units of good Y, while keeping the same level of utility.

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who is responsible for organizing, training, equipping, and providing administrative and logistic support for forces?

Answers

Military departments are  responsible for organizing, training, equipping, and providing administrative and logistic support for forces.

What is the main function of logistic services?

Logistics is the process of moving items via a company's supply chain. The organization's supply chain must, however, be handled correctly for a variety of functions in order to increase its efficacy and efficiency.

In the logistics operations procedures, it is an important position. The purchase order that a buyer sends to a supplier is a crucial legal document of the transactions between the two parties.

The product to be delivered is technically described, its cost is stated, a delivery date is specified, payment terms are stated, any relevant taxes are stated, and any other commercial conditions are stated in this document.

In order to meet customer expectations, inventory management is to maintain the ideal level of stock at the lowest feasible carrying cost.

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3. Someday, Liam would like to be a master electrician. In order to achieve his goal, what would be a good job for Liam to take along
his career pathway?
apprentice to a residential electrician
internship at an architecture firm
junior mechanic for a machine rental agency
All changes saved
receptionist for a site project manager

3. Someday, Liam would like to be a master electrician. In order to achieve his goal, what would be a

Answers

A good job for Liam along his career pathway to becoming a master electrician would be an apprentice to a residential electrician (A). An apprenticeship would provide Liam with hands-on training and experience working with an experienced electrician, which would be valuable in helping him to develop the skills and knowledge necessary to become a master electrician.

Answer:

a

Explanation:

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