Transaction costs involves the costs in terms of time, energy, and resources associated with searching out, negotiating, and completing a transaction.
Transaction costs are the expenses incurred during the process of conducting a transaction, which can include researching and finding potential options, negotiating terms and conditions, and completing the necessary paperwork or documentation. These costs are not limited to financial expenses but also include the effort and resources invested in the transaction. They can be influenced by factors such as the complexity of the transaction, market conditions, and the parties involved. By understanding and managing transaction costs, individuals and businesses can make informed decisions to minimize these expenses and optimize their resources.
In conclusion, transaction costs refer to the costs in terms of time, energy, and resources involved in searching out, negotiating, and completing a transaction.
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Noel was assigned a group project in class. What benefit will Noel get from working with a team?
A Independence
B Increased creativity
D Easy class credit
C Easy decision making
Answer:
B Increased creativity
Explanation: got test
Which reason best demonstrates why flexibility is important in IT work environment?
Answer:
Changing work environments require employees to adapt quickly to new technology
Explanation:
a) From the following list, decide which items are human needs and which wants:
luxury house
Shelter
Coca-Cola
car
clean water
designer jeans
clothing.
Answer:
needs: shelter, clean water, clothing
wants: luxury house, coca cola, designer jeans
Explanation:
while the rest are pretty straightforward a car is only a want because you don't necessarily need it, there are public transport
Needs:
Shelter
Clean Water
Clothing
Wants:
Luxury House
Coca-Cola
Car
Designer Jean
The accounting principle that requires that the cost flow assumption be consistent with the physical movement of goods is.
The accounting principle that requires that the cost flow assumption be consistent with the physical movement of goods is nonexistent.
When reporting financial data, businesses and other organizations must abide by accounting principles. Any set of accounting principle' main objective is to make sure that a company's financial statements are accurate, reliable, and comparable. Investors will find it simpler to examine and glean valuable information from the company's financial records as a result, including historical trend data. The term "goods" in economics refers to things that fulfill human needs and offer utility, such as to a customer buying a fulfilling product. The terms "transferable commodities" and "transferable services" are frequently used interchangeably.
When it comes to whether they are excludable, non-excludable, rival, or nonrival, the fundamental sorts of goods vary.
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Which technique of advertising shows that multiple consumers use a product to build consumer trust in the product?
Answer:
don doing it for 5 point give 100 then ill think abt it
Explanation:
Which person is financially responsible?
Answer:
avoids debts
Explanation:
A financially responsible person would want to quick come out of bad debts, even if he is in debt , the payments should be less than 50percent of what he makes
Please hurry!!!!!Which of the following is not a method used by careful consumers?
Compare stores and prices on an item
O Look for bargain brands and bulk pricing
Make a shopping list
O Buy a random item that is offered on special discount, today only
Answer:
last option
Explanation:
I just know so
Answer:
the last option - this is a marketing technique used to give the customer a sense of urgency
FILL IN THE BLANK. _____ involves a selling strategy in which a salesperson uses special expertise to create a somewhat customized solution to a buyer’s problem.
Consultative selling involves a selling strategy in which a salesperson uses special expertise to create a somewhat customized solution to a buyer's problem.
In consultative selling, the salesperson goes beyond simply pitching products or services and instead focuses on understanding the buyer's needs, challenges, and goals. The salesperson acts as a consultant, leveraging their knowledge and expertise to provide tailored recommendations and solutions. This approach requires active listening, asking probing questions, and building a deep understanding of the buyer's situation.
By taking a consultative approach, the salesperson can establish trust and credibility with the buyer. They become a valuable resource, offering insights, expertise, and guidance throughout the sales process. This customized solution-oriented approach helps address the buyer's specific pain points, leading to higher customer satisfaction and increased likelihood of closing the sale. Consultative selling is particularly effective in complex or high-value sales where the buyer requires a more personalized and strategic approach to their challenges.
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The shortest-route problem is a special case of the transshipment problem.
The shortest-route problem is a special case of the transshipment problem while transportation problems prevent shipments from entering and exiting some nodes, the transshipment problem does.
What are transshipment?Transshipment is the loading and unloading of goods and stuff from one transport vehicle to another vehicle.
Transshipment happens because of no direct connection between the ports, due to this the goods are transported to different vehicles.
Thus, while transportation problems prevent shipments from entering and exiting some nodes, the transshipment problem does.
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The function f(x) = 2,000(1 + )12t models the balance in a savings account.
The savings account had an initial balance of _ and compounds
_ at an interest rate of _
Answer:
In the exponential function f(x) = P(1 + )nt :
P = principal value
r = the annual interest rate
n = number of compounding periods in a year
t = time in years
For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.
Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.
Explanation:
Explanation from PLATO
You have been saving money from delivering groceries for instacart in a savings account to buy a new laptop before going to college. What is the function of money?
Answer: Store of value
Explanation:
FILL IN THE BLANK. leader behavior that is focused primarily on group members' needs and desires and is directed at creating mutual respect or trust is referred to as ___ leader behavior.
A leader behavior that is focused primarily on group members' needs and desires and is directed at creating mutual respect or trust is referred to as a consideration leader behavior.
What is a leader's consideration behaviors?Basically, a consideration refers to the extent to which a leader exhibits concern for the welfare of the members of the group. A consideration behaviors could include being supportive and friendly, representing people's interests, communicating openly with group members, recognizing them, respecting ideas and sharing concern for their feelings. Initiating structure involves “task-oriented” leader behaviors.
The consideration factor is oriented towards interpersonal relationships, mutual trust and friendship, that is, this leadership style is people-oriented.
Some statements used to measure this factor in the LBDQ includes being friendly, treating all group members as his/her equal, looking out for the personal welfare of group members and making him/herself accessible to group members.
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When gathering information about certain occupations, be sure to understand how are paid. What is the difference between a salary and an hourly wage?
1 ) An hourly wage usually has benefits and is flexible whéreas a salary does not.
2) A salary is paid no matter how many hours you work whereas an hourly wage is paid only for the time on your job, wer.
3) An hourly wage is paid in installments whereas a salary is paid once a year.
4)A salary is paid based on the time spent working and an hourly wage is paid when the job is complete.
why?
Answer:
2) A salary is paid no matter how many hours you work whereas an hourly wage is paid only for the time on your job,
Explanation:
A salary is a form of monetary compensation that employees receive for labor services they provide. Salaries are fixed amounts paid monthly or as stipulated in the employment contract. A salary is a term payment, meaning an employee will receive the fixed amount after the agreed period's lapse regardless of hours worked or output.
An hourly wage is also a type of employee compensation. The employer set a specific figure to be paid for every hour worked in this form of compensation. After the lapse of a specified period, say a month, the employee's pay will be a product of the set hourly rate and the total number of hours worked.
A salary is paid no matter how many hours you work whereas an hourly wage is paid only for the time on your job, were is the difference between a salary and an hourly wage. Thus, option (2) is correct.
Employees receive monetary remuneration in the form of salaries in exchange for their work services. Salaries are set sums of money paid each month or as otherwise specified in an employment contract. A salary is a term of payment, implying that regardless of production or hours worked, an employee will receive the predetermined sum after the predetermined period has passed.
Another form of employee remuneration is an hourly wage. In this method of pay, the employer established a specified amount to be paid for each hour worked. The employee's salary will be a function of the agreed-upon hourly rate and the overall number of hours worked after a predetermined time period, such as one month, has passed.
Therefore, option (2) is correct.
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How can Jordan apply price policy?
Jordan's Underprices
If you find a lower advertised price on identical merchandise under the same terms and conditions from another store-based retailer within the local Retail Trade Area, within 30 days of purchase, Jordan's Furniture will refund the difference.
Industry: Retail; Furniture
a large-scale french dairy that produces milk, cheese, yogurt, and other related products decides to buy a chain of mini marts located throughout europe. their objective is to sell their dairy products through these mini marts. what is this an example of? a. management control rights b. fpi c. horizontal fdi d. vertical fdi
This is an example of vertical foreign direct investment (FDI). Vertical FDI occurs when company expands its operations along supply chain by acquiring/ establishing subsidiaries or operations in different countries.
In this case, the French dairy company is acquiring a chain of mini marts to sell its dairy products directly to consumers. Vertical FDI involves the integration of different stages of the production and distribution process. By acquiring the mini marts, the French dairy company gains control over the retail distribution channel, allowing them to directly sell their milk, cheese, yogurt, and other products to consumers. This vertical integration strategy enables the company to have greater control over the marketing, pricing, and availability of their products in the European market.
The decision to engage in vertical FDI can provide several advantages. Firstly, it allows the dairy company to capture a larger share of the value chain by eliminating intermediaries and gaining direct access to consumers. This can lead to increased profitability and better brand visibility. Secondly, vertical FDI provides the company with greater control over the quality and consistency of their products throughout the distribution process. By managing the mini marts, they can ensure that their products are displayed and handled appropriately, maintaining their reputation for high-quality dairy products.
Overall, the acquisition of the mini marts represents a strategic move by the French dairy company to expand its market reach and establish a stronger presence in the European retail sector. It demonstrates their commitment to vertical integration as a means to enhance their competitiveness and better serve their target customers.
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What does a mission statement do?
A) tells your business concept.
B) reflects the purpose of the company.
C) tells the major goals of a business.
PLEASE ANSWER
I think C) tells the major goals of a business
Hope it helped
1. Give a brief description of the Business and Industry Endorsement.
Answer:
siness and Industry Endorsement.
;,;l,
Explanation:
Which of the following is true about the process above? A. intrapleural pressure decreases
B. atmospheric pressure decreases
C. air moves out of the lungs
D. intrapulmonary pressure increases
The pressure inside the pleural cavity is referred to as intrapleural pressure in physiology. It is characterized as negative pressure when the pressure inside the pleural cavity is typically only a little bit lower than the ambient pressure. Thus, option B is correct.
Pneumothorax may result when the pleural cavity is torn or ruptured and the intrapleural pressure rises above the ambient pressure. Different from intrathoracic pressure is intrapleural pressure. The pleural space only encompasses the region between the parietal and visceral pleura around the lungs, whereas the thoracic cavity also contains the lungs, heart, and pleura.
The ventilation stage, ambient pressure, and the size of the intrapleural cavity all influence intrapleural pressure. There is a negative intrapleural pressure when at rest. The lungs enlarge as a result of the transpulmonary pressure this produces.
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What should be the first component to consider when building the AI solution?
Problem Identification should be the first component to consider when building the AI solution.
Artificial intelligence (AI) offers state-of-the-art technologies that can assist your company in resolving issues, automating processes, and improving customer service. AI-based systems are excellent at things like making product recommendations to users, identifying items in images, and automating repetitive chores to save people time. While wide AI refers to where artificial intelligence will be in the future, narrow AI refers to where it is currently. General artificial intelligence (GAI), often referred to as AGI and strong artificial intelligence (AI), is a subset of AI that is capable of thinking and acting similarly to humans.
In order for the software to learn automatically from patterns or features in the data, artificial intelligence (AI) combines massive amounts of data with quick, iterative processing and sophisticated algorithms.
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Which of the following is an advantage of starting your own business?
Answer:
The most common reason people launch their own business is to be their own boss. Other benefits include flexibility, financial rewards, the opportunity to innovate, and a chance to impact your community. Still, there are serious risks to launching your own business, and you should carefully consider and plan before you take the leap.
Explanation:
suppose+you+inherited+$1,135,000+and+invested+it+at+8.25%+per+year.+how+much+could+you+withdraw+at+the+beginning+of+each+of+the+next+20+years?
The amount that could be withdrawn at the beginning of each of the next 20 years is $114,365.91.
We will use the present value of an annuity formula to determine the amount that could be withdrawn at the beginning of each of the next 20 years.Present value of an annuity formula: PV = Pmt x ((1 - (1 + r/n)^-nt) / (r/n))Where PV is the present value, Pmt is the payment, r is the annual interest rate, t is the total number of years and n is the number of compounding periods per year.
Present value of the inherited amount, A = $1,135,000The annual interest rate, r = 8.25%Number of years, t = 20Number of compounding periods per year, n = 1Therefore, using the formula, the amount that could be withdrawn at the beginning of each of the next 20 years is given by;PV = Pmt x ((1 - (1 + r/n)^-nt) / (r/n))A = Pmt x ((1 - (1 + r/n)^-nt) / (r/n))Pmt = A / ((1 - (1 + r/n)^-nt) / (r/n))Pmt = $1,135,000 / ((1 - (1 + 8.25%/1)^-20) / (8.25%/1))Pmt = $114,365.91Therefore, the amount that could be withdrawn at the beginning of each of the next 20 years is $114,365.91.
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Which of the following statements about corporate culture is true A. Corporate culture evolves over time B. Corporate culture is intangible C. Corporate culture is based on the accumulated history of the organization D.Corporate culture can have a strong impact on a company's success E. All the above
Answer: All of the above
Explanation:
Corporate culture simply refers to the beliefs, customs and the attitudes that is shared in s particular company. It should be noted that the corporate culture shapes the behaviors of employees in an organization.
It helps in guiding the behaviors of workers and they can either be unwritten rules or those that are documented. They can be based in an organization's history and can evolve with time.
Corporate culture is intangible and can have a strong impact on the company's success. Therefore, the answer to the question is All of the above.
The most basic form of ownership in a firm consists of:
PLEASE HELP in 2 to 3 sentences, explain the role of prices in a market and include distrbution, producers, and consumers
Price is the biggest and most important direct determinant in a market for aspects like distribution, producers, and the consumers in the market at large.
What is the significance of price?Price of a product, in an economy, can be referred to or considered as the rate at which a particular quantity of such product is demanded and supplied in the market in which such price prevails.
Higher price attracts producers and distributors, while lower price of a product in a market will attract a larger number of customers to buy such product.
Therefore, the significance regarding price has been aforementioned.
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Felipe's uncle owns a large manufacturing business with offices in three states. This type of business would BEST be described as what?
The type of business that the uncle is said to have would be described as an entrepreneurial business.
What is an entrepreneurship?This is used to refer to the business that is owned by a single person. This person is called the entrepreneur who gets to enjoy either the profit or the loss that may occur in the business that he is operating.
The question says that the uncle has a chain of these businesses across three states, we can say that the uncle is an entrepreneur.
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Answer: corporate
Explanation: it has three locations in different states, which gives it a wide range of clients.
On September 30, 2010, Atwater Corporation purchased a new piece of equipment for $600,000. The equipment was purchased with a $50,000 down payment and the issue of a $550,000, fouryear, 6% mortgage note payable for the balance. The terms provide for quarterly blended payments of $38,921 starting on December 31. Atwater's year end is December 31 . Instructions (a) Record the purchase of equipment on September 30, 2010. (b) Record the first two installment payments on December 31, 2010, and March 31, 2011. (c) Repeat part (b) assuming that the terms provided for quarterly fixed principal payments (c) of $34,375, rather than blended payments of $38,921.
(a) To record the purchase of equipment on September 30, 2010, we need to consider the down payment and the mortgage note payable.
1. Debit Equipment: $600,000
Credit Cash (down payment): $50,000
Credit Mortgage Note Payable: $550,000
We debit the Equipment account to increase its balance since we purchased a new piece of equipment. We credit the Cash account to decrease its balance since we paid $50,000 as a down payment. We credit the Mortgage Note Payable account to record the remaining balance of $550,000, which is a liability.
(b) To record the first two installment payments on December 31, 2010, and March 31, 2011, we need to account for the interest expense and the reduction of the mortgage note payable balance.
1. December 31, 2010:
Debit Interest Expense: $8,250
Debit Mortgage Note Payable: $30,671 ($38,921 - $8,250)
Credit Cash: $38,921
2. March 31, 2011:
Debit Interest Expense: $8,088
Debit Mortgage Note Payable: $30,833 ($38,921 - $8,088)
Credit Cash: $38,921
Explanation: The installment payment of $38,921 is divided into two parts: interest expense and reduction of the mortgage note payable balance. We debit the Interest Expense account to recognize the interest portion of the payment. We debit the Mortgage Note Payable account to reduce the outstanding balance of the loan. We credit the Cash account to reflect the actual cash payment made.
(c) Assuming the terms provided for quarterly fixed principal payments of $34,375, the entries would be as follows:
1. December 31, 2010:
Debit Interest Expense: $8,250
Debit Mortgage Note Payable: $26,125 ($34,375 - $8,250)
Credit Cash: $34,375
2. March 31, 2011:
Debit Interest Expense: $6,944
Debit Mortgage Note Payable: $27,431 ($34,375 - $6,944)
Credit Cash: $34,375
Explanation: In this case, the quarterly payment consists of a fixed principal payment of $34,375 and interest expense. We debit the Interest Expense account to recognize the interest portion of the payment. We debit the Mortgage Note Payable account to reduce the outstanding balance of the loan. We credit the Cash account to reflect the actual cash payment made. The principal payment reduces by the amount of interest expense paid in each quarter.
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No amount of advertising can win back a customer lost as the result of shoddy products or poor service. ⊚ true ⊚ false
The statement "No amount of advertising can win back a customer lost as the result of shoddy products or poor service" is generally true. Advertising can be effective in attracting new customers, but it is unlikely to be effective in winning back customers who have had a negative experience with a company.
When a customer has a bad experience with a product or service, they are likely to have negative feelings towards the company. Even if the company invests heavily in advertising, the negative impression that the customer has formed is unlikely to be erased. In fact, excessive advertising can even make the situation worse, as it can come across as insincere or desperate.
To win back customers who have been lost due to shoddy products or poor service, companies need to focus on improving the quality of their products and services. This means addressing the root causes of the problem and making real changes to prevent it from happening again in the future. Companies should also make an effort to reach out to customers who have had a bad experience, offering apologies and incentives to return.
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A person offers you the following deal. You can have the proceeds of $2 doubled each year at the end of 15 years, or you can have $10,000 at the end of 15 years. Which deal should you take? Why?
Answer:
The deal I would take is the first deal.
Explanation:
I would take the first deal because as it's getting doubled by the number after the fourth year you would make $65,536 which is way more money then $10,000 at the end of 15 years.
knowledge check 01 from the following list, identify those that are likely to serve as source documents. (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) select all that apply.
From the list given, the source documents that may serve as the main source of information are sales ticket and supplier invoices.
A sales ticket contains certain details about the sales transaction, such as the items sold, their quantity, price and any discounts granted. This document is created at the point of sale and serves as proof of the transaction.
Invoices from suppliers contain important information about the goods or services received, such as quantities, prices, terms of payment and other relevant details. It acts as a formal request for payment and is an important transmission document for recording purchases and expenses.
Both sales receipts and supplier invoices play an important role in accurately recording and tracking financial transactions within an organization.
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The complete question is:
knowledge check 01 from the following list, identify those that are likely to serve as source documents. (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) select all that apply.
Trial balance, Telephone bill, Sales ticket, Income statement, Invoice from supplier, Bank statement.
For problems 1-3, use the Social Security tax rate of 6.2% on the first $97,500 earned and
Medicare tax rate of 1.45% on all earnings to solve the following problems.
1.) Richard has a gross monthly income of $3,400. His earnings to date for this year are
$54,000. How much is deducted this month for Social Security? How much for Medicare?
Answer:
Social security : $210.8
Medicare: $49.3
Explanation:
Social security tax and medicare are calculated based on the gross income.
Richards gross income for the months us $3,400
Social security tax will be
=6.2 % of $3400
=6.2/100 x 3400
=0.062 x 3400
=$210.8
Medicare tax will be
=1.45 % x $3400
=1.45/100 x 3400
=0.0145 x 3400
=$49.3