In a private closed economy, two characteristics of GDP at equilibrium are that saving and investment are equal and there are no unplanned changes in inventories.
This means that the amount of savings in the economy is exactly equal to the amount of investment, and there are no unexpected increases or decreases in inventory levels. This state of equilibrium is important for ensuring stability in the economy, as it indicates that there is no excess or shortage of goods and services, and that all resources are being utilized efficiently.
What is GDP and how is it calculated?
GDP = private consumption + gross private investment + government investment + government spending + (exports – imports). or, expressed in a formula: GDP = C + I + G + (X – M) GDP is usually calculated by the national statistical agency of the country following the international standard.
GDP calculates the monetary worth of the final goods and services—those purchased by the consumer—produced in a nation over a certain time period (such as a quarter or a year). It takes into account every product created entirely within a country's borders.
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Every component, from producer to grocery store, contributes to the process of the___ chain
Answer:
Supply Chain
Explanation:
Supply Chain is the route of flow of goods and services starting from the producer/manufacturer/service provider to the end use consumer.
The supply chain network has various other segments such as logistics, distributors, retail supplier, etc.
Hence, the correct answer is the "Supply"
Those who manage the work on the front lines are most involved with what component of the planning process?.
Those in charge of monitoring action on the front lines typically handle the operational planning element of the planning process.
Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year
What is more about planning process.Planning is the act of dividing one's thoughts into manageable steps. Planning is divided into four primary categories: strategic, tactical, operational, and contingency planning. To determine their goals and objectives, organizations use the strategic planning process.
Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year. It frequently has connections to finance agreements and, in a broader sense, to the organization's strategic objective.
A manufacturer developing a plan to increase sales by 30% is an example of operational planning.
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In order for a sales team to achieve full potential, modern day sales organizations assign specialized roles to increase efficiency and productivity of their sales teams. For example, ________________________ are farmers, with the sole responsibility of increasing customer loyalty and retention through additional services so that customers continue to use and expand a firm's product and service offerings. ____________ are hunters who are responsible for finding new clients.
Answer:
Customer success or client Development Reps; Sales Development Reps.
Explanation:
Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
In order for a sales team to achieve full potential, modern day sales organizations assign specialized roles to increase efficiency and productivity of their sales teams. For example, Customer success or client Development Reps are farmers, with the sole responsibility of increasing customer loyalty and retention through additional services so that customers continue to use and expand a firm's product and service offerings. Sales Development Reps are hunters who are responsible for finding new clients.
Many people are paid wages "under the table" or in the
form of cash with no taxes deducted. Do you believe
this is an acceptable practice or unethical? Please
defend your answer.
Read the scenario.
Madison received $100 as a holiday gift. She used it to buy 50 mineral infused candles for $2
each. Then, she walked around the neighborhood and sold the candles for $4 each.
R
What factors of production did Madison use?
Answer:
1/34
Explanation:
Answer:
all four factors of production
Explanation:
I just took the test now and got it right
One major advantage of pure competition compared to a monopoly is that:
O A. businesses have more incentives to keep prices low.
B. economies of scale become less important.
C. consumers have to make fewer economic choices.
D. more capital is available for research and development.
Answer:businesses have more incentives to keep prices low
Explanation:apex
Your pay rate is $18 per hour and you have worked 50 hours for the first week of the pay period and 50 hours for the second week of the pay period. Reminder: Your regular work hours is 40 hours for the week and you get paid bi-weekly and time and a half is paid for overtime hours. Calculate your gross pay.
Answer:
$1,260
Explanation:
$18 is the rate of pay for 40 hrs/week
$27 is the rate of pay for the extra 10 hrs/week (18 + 9)
A total of 100 hours for the pay period, 80 of those are 18/hr, 20 are 27/hr
40(18) + 20(27) = 720 + 540 = 1260
Please let me know if you have any questions.
when effective leaders hear others complaining about a problem, which action would they most likely take?
When effective leaders hear others complaining about a problem, THE action would they most likely take is: To try to learn how big the problem really is.
Who is a leader?A leader is person that possess a leadership skills and help to direct and lead the people that are under him/her.
An effective Leaders does not ignore problems but they tend to learn how big the situation and try to figure and solve it.
Therefore the action would they most likely take is: To try to learn how big the problem really is.
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irms usually offer their customers some form of trade credit. this allowance comes with certain terms of credit, which affect the cost of asset of sale for the buyer as well as the seller. consider this case: cold duck manufacturing inc. buys on terms of 2/10, net 30 from its chief supplier.
Payment term of 2/20, net 30 mean if payment is made within 20 days then the customer will get a 2% discount. And the maximum payment term is 30 days.
Cost of credit for one period = 2% / (1 - 2%)= 2.04%
The cost of credit for one period is 2.04%.
Nominal cost of trade credit = 2.04% {365 / (30 - 20)}
= 2.04% 36.50
= 74.46%
Nominal cost of trade credit is 74.46%.
If the supplier shortens the discount period from 20 days to 5 days then the nominal cost of trade credit will decrease.his refers to the money cost of production. This refers to the value of the product in dollars the time when the product was manufactured. Here the inflatons, deflations are not taken into account.
Inflation can be defined as a decrease in the purchasing power of money. This is reflected in higher prices for goods and services in the market. That is, an increase in the price of a commodity over a period of time. One cause of inflation is low supply and high demand for goods and services in the market.
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Conclusion factors that reflect your objectives and the contributions to your challenge.
The conclusion factors that reflect your objectives and contributions to your challenge are as follows: 1. Summarizing the challenge 2. The role played by other parties 3. Comparing your results to your objectives 4. Considerations for future action 5. Recap.
Explanation:
The conclusion is an essential part of a challenge, and it should be given ample time and attention to ensure that the objectives are met. When done well, the conclusion can provide important insights into your challenge and assist in identifying areas of improvement.
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What is considered a human rights abuse by an American company may be viewed as an acceptable business practice in China, which illustrates that ______. Multiple choice question. better ethics comes with increased standard of living the United States is often overly critical of foreign business practices the United States has more highly evolved ethical practice moral standards are relative to particular societies
What is considered a human rights abuse by an American company may be viewed as an acceptable business practice in China, which illustrates that moral standards are relative to particular societies.
What are moral standards?In summary, moral standards are what a person of society considers to be right or wrong regarding human behavior. These standards are often different in the distinct cultures and societies around the world, often due to differing histories that helped to form them.
Therefore, we can confirm that the situation described in the question is a direct result of the moral standards being relative to particular societies.
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Who are the majority of businesses in resort towns targeted to?
O
seniors
O
tourists
O
employees
investors
The majority of businesses in resort towns target tourists.
Who is the luxury hotel industry's target customer?As you can see, a wide range of people from across all walks of life who are prepared to pay a little extra for the luxury hotel experience makes up the target audience for luxury hotels.
What advantages come from forming and focusing on prospect groups?Overall, specialization is the main advantage of identifying and pursuing niche markets. Finding more wealthy guests who will gush about your hotel will be easier if you can be more precise with your market segmentation.
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A lender will usually require a loan-to-value ratio of ________ or less for you to avoid having to pay private mortgage insurance (PMI).
A lender will usually require a loan-to-value ratio of 80% or less for you to avoid having to pay private mortgage insurance (PMI).
The loan-to-value (LTV) ratio is a key factor that lenders consider when determining whether or not to require private mortgage insurance (PMI). PMI is typically required if the LTV ratio is above 80%, which means that you have less than 20% equity in your home. Essentially, PMI protects the lender in case you default on your loan.
To avoid having to pay PMI, you will need to have an LTV ratio of 80% or less. This means that you should have at least 20% equity in your home. For example, if you are purchasing a home for $300,000 and making a 20% down payment of $60,000, your loan amount would be $240,000. Your LTV ratio would be 80%, which would typically allow you to avoid having to pay PMI.
It's important to note that some lenders may have different requirements for PMI. Additionally, there may be other factors that impact whether or not you have to pay PMI, such as your credit score and the type of loan you are getting. Be sure to speak with your lender to understand the specific requirements for your situation.
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what is the harder subject you guys ever did
Answer:
Science
Explanation:
is the hardest subject, now.
For retirement, identifying which of the following most correlates with generating income for retirement? A. Tangible assets B. Debt C. Insurance D. Cash flow
Answer:
it should be A
Explanation:
it generating income for retirement
A 1099 form is used in calculating income tax for
A. part-time workers
B. wage-earning employees
C. salaried employees
D. independent contractors
Answer:
Independent contractors
Explanation:
It is a good idea to get and use an many credit cards as possible to build credit history. True False
Becca notices her paycheck is smaller and sees a note that her wages have been garnished because she ___.
A. suspended her loan
B. left a loan unsecured
C. defaulted on a loan
D. secured a loan
which class members likely consider themselves the real workers and those above them practically inexperienced?
The working class likely consider themselves the real workers and those above them practically inexperienced.
The socioeconomic phrase "working class" is used to refer to people who work in positions with low income, little skill requirement, or physical labor. Working-class jobs typically have lower educational requirements. Those who are unemployed or receiving social assistance frequently belong to the working class.
The "proletariat," as the working class was referred to by Karl Marx, was ultimately responsible for producing the goods and rendering the services that contributed to a society's wealth.
The working class is defined by Marxists and socialists as people who have nothing to sell but their labor and abilities. In that sense, those who earn their living via business ownership and the labor of others are the only ones who are not considered to be part of the working class. This includes both white-collar and blue-collar workers, manual and menial laborers of all kinds.
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what are the building blocks of a personality select all that apply A. emotional qualities B, ethnic identity
Answer:
A
Explanation:Bcause ethnic identity should not determine youre personality. Many peoplefrom the same ethic identity may have different personalities.
Answer:
emotional qualities, ways of behaving
Explanation:
correct on quick check.
hiring an outside company to perform some or all of a systems development project is called _____
Answer:
Outsourcing.
Explanation:
Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff.
The reliability of the standards used to rate employee performance at TrueBlue has been called into question. TrueBlue claims that the standards are reliable. One way TrueBlue can substantiate this claim is by
One way TrueBlue can substantiate the claim that their standards used to rate employee performance are reliable is conducting a thorough validation study of the performance standards.
It is given that the reliability of the standards used to rate employee performance at TrueBlue has been called into question while TrueBlue claims that the standards are reliable. Hence, a way to substantiate this claim is to conduct a validation study.
This would involve gathering data on employee performance using the current standards and comparing it to other measures of job performance, such as supervisor ratings or objective performance metrics. The results of this study would provide evidence of the reliability of the current standards and help to address any concerns about their validity.
Additionally, TrueBlue could consider involving employees in the development and review of performance standards to increase their acceptance and perceived fairness. Providing training to supervisors and employees on how to use and understand the performance standards could also help to improve their reliability and reduce any confusion or ambiguity.
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Purchasing & Inventory Control Math Quiz
QUESTION 1 of 10: You begin the week with 30 units of orange juice. You purchase 50 units. Your ending inventory for the week is 30 units.
How many units did you sell?
0000
a) 5
b) 15
c) 49
d) 50
Towards the end, 50 units had been sold.(option d)
How would you define inventory?The items and supplies that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock. The main focus of inventory management is determining the location and shape of stocked commodities. All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: Only the paper will be regarded as inventory if a paper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.
Inventory sold = 30 + 50 - 30 = 50.
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Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answer:
Buying an expensive piece of machinery
Explanation:
3. The following figures for a business are available:
$
June 1, 2019
Stock
Creditors
Debtors
Stock
Creditors
Debtors
May 31, 2020
11,590
3,410
5,670
13,425
4,126
6,108
Year to May 31, 2020
Received from debtors
Paid to creditors
45,112
29,375
All goods were bought or sold on credit.
Required:
Draw up the trading account for the year May 31, 2020, deducting any figures that may
be needed.
Answer:
what's the question....
Explanation:
how did the opening of the suez canal affect trade routes between england and india
The opening of the Suez Canal in 1869 had a significant impact on the trade routes between England and India. Before the canal's construction, the journey from England to India required a long and arduous voyage around the southern tip of Africa, adding significant time and cost to the journey.
However, with the opening of the Suez Canal, ships were able to travel directly from Europe to India, cutting the journey time significantly.This reduction in journey time allowed for a significant increase in trade between England and India. The canal enabled goods to be transported much faster and more efficiently, leading to an increase in the volume and variety of goods traded between the two countries. This led to a rise in economic activity in both countries, as trade became more profitable and accessible.
In addition to the economic benefits, the opening of the Suez Canal also had political implications. The British government saw the canal as a vital strategic asset, as it provided a faster and more direct route to India, which was then the "jewel in the crown" of the British Empire. This led to increased British involvement in the Middle East and North Africa, as they sought to protect and control access to the canal. Overall, the opening of the Suez Canal had a significant impact on the trade routes between England and India, leading to increased economic activity and trade, as well as political implications for the British Empire.
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a commonly cited reason for financial failure is a lack of _____.
A commonly cited reason for financial failure is a lack of financial planning and management.
Financial planning and management are crucial for the success and stability of individuals, businesses, and organizations. A lack of financial planning and management can lead to various problems and ultimately result in financial failure.
Financial planning involves setting financial goals, creating budgets, managing cash flows, and making strategic financial decisions. Without proper planning, individuals or businesses may overspend, accumulate debt, or fail to allocate resources effectively.
This can lead to financial instability, inability to meet financial obligations, and ultimately, financial failure. Financial management encompasses the ongoing monitoring and control of financial activities, such as tracking income and expenses, managing investments, controlling costs, and optimizing financial resources.
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"free enterprise" and "________________" are terms for an economy based on private businesses competing for profits in open markets with minimal government regulations.
Answer:
entrepreneurship for them and
Ivie Clarke has decided to launch a numbers game like Sudoku. She estimates her fixed costs to be £5,000. The variable costs are £1.20 per game. She intends to sell the games for £5.00 each. Ivie estimates she will sell 1,400 games a month. 7 (a) What is her total revenue if she sells 1,400 games? (1) (b) What are her total costs if she sells 1,400 games?(1) (c) How much profit does she make if she sells 1,400 games?(1) 8 How many games does she need to sell to cover her total costs?(1) 9 In fact the fixed costs of the business were actually £5,500. How much profit or loss would Ivie make if she sold 1,400 games. (2)
Her total revenue if she sells the 1,400 games of the numbers game is £7,000.
What is revenue?The average sales price is multiplied by the quantity of units sold to arrive at revenue, which represents the money generated by normal business operations. Net income must be deducted from the top line (or gross sales) figure in order to be calculated. In the salary summary, revenue and sales are synonymous. To determine how effectively a business collects unpaid debt, it is critical to review the cash flow summary. Cash accounting, in comparison, only records purchases as revenue when actual money changes hands. "Receipt" is the term used to describe money provided to a business. For receipts to show, income is not necessary. For instance, there will be a receipt but no income from a customer who pre-paid for a service or goods that were never delivered.
Ivie's total revenue if she sells the 1,400 games is:
Revenue = Price per game x Number of games sold
Revenue = £5.00 x 1,400
Revenue = £7,000
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On Wednesday, your boss asks you if you'd be willing to work an
extra day on Saturday. You agree to come to work. On Friday,
your best friend invites you to go to the beach the next day.
Should you go to work or to the beach on Saturday? Why?
Answer:
Explanation:
I would go to work on Saturday as it has been agreed upon before my friend invited me to the beach.