The total direct labor variance for Job #4115 can be calculated by finding the difference between the actual cost of labor and the standard cost of labor.
First, let's calculate the standard cost of labor for Job #4115:
Standard Cost = Standard Rate × Standard Hours
= $11.00/hour × 3.5 hours
= $38.50
Next, let's calculate the actual cost of labor for Job #4115:
Actual Cost = Actual Rate × Actual Hours
= $14.00/hour × 3 hours
= $42.00
Now we can find the total direct labor variance:
Total Variance = Actual Cost - Standard Cost
= $42.00 - $38.50
= $3.50
Therefore, the total direct labor variance for Job #4115 is $3.50.
The variance is favorable because the actual cost of labor was higher than the standard cost of labor, indicating that less money was spent on labor than initially budgeted. The variance could be attributed to the person working more efficiently and completing the job in less time than expected, resulting in a lower overall cost.
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prerequisite classes with a satisfactory grade. In the past, the students have been answering the questions posed to them with a 70% accuracy rate. The standard deviation for the accuracy rate score is 5%.
1. Students in a business dass often struggle with answering questions posed to them. Students have passed the prerequisite classes with a satisfactory grade. In the past, the students have been answering the questions posed to them with a 70% accuracy rate. The standard deviation for the accuracy rate score is 5%.
Business class students, who have satisfactorily completed prerequisite courses, historically demonstrate a 70% accuracy rate when answering questions posed to them. The standard deviation is 5%.
In this scenario, we are given information about the performance of business class students when answering questions and their previous academic achievements. Here is a step-by-step explanation:
Accuracy Rate: The students have been answering questions with a 70% accuracy rate. This means that, on average, they provide the correct answer to 70% of the questions posed to them.
Standard Deviation: The standard deviation for the accuracy rate score is 5%. Standard deviation measures the variability or spread of data points around the average. In this case, it indicates that the students' accuracy rates tend to vary by approximately 5% from the average accuracy rate of 70%.
Prerequisite Classes: The students have passed the prerequisite classes with a satisfactory grade. This information suggests that they have fulfilled the necessary requirements and have met the academic standards expected for admission into the business class.
In summary, business class students who have satisfactorily completed prerequisite classes typically answer questions with a 70% accuracy rate, with a standard deviation of 5%. This indicates that while the average accuracy rate is 70%, individual students may vary in their performance, with some scoring higher or lower than the average.
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a publicity tool that is heavily relied on by nonprofit organizations, and which involves free space or time donated by the media, is referred to as a
A publicity tool heavily relied on by nonprofit organizations, which involves free space or time donated by the media, is referred to as a Public Service Announcement (PSA).
PSAs are typically short messages or announcements that are broadcast or published by the media, including television, radio, print, and online outlets. They are designed to raise awareness and educate the public about a particular issue, cause, or event, and to encourage people to take action or make a donation.
Nonprofit organizations often rely on PSAs as a cost-effective way to promote their mission and reach a wide audience. The media may donate free airtime or ad space for PSAs as part of their commitment to serving the public interest.
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which of the following will lead to an increase to a firm's oroa? group of answer choices negotiate a new contract that lowers raw material costs by 10% decrease sales by 10% sell 10-year bonds and use the money to pay off current liabilities sell stock and use the money to pay off some long-term debt
Negotiating a new contract that lowers raw material costs by 10% will lead to the OROA of the firm.
An alternative to the standard return on assets ratio is the operating return on assets (OROA), sometimes known as an efficiency or profitability ratio. An organization's operational return on assets (ROA) is used to display the operating income produced per dollar invested in its assets that are employed in its regular business activities. Similar to the return on assets ratio, the OROA uses a more condensed definition of the company's assets to determine the level of earnings in relation to those assets.
The operating return on assets, like the classic return on assets, is used to assess how successfully a corporation operates and how profitable its utilized assets are.
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Xavier has begun a program of lifetime gifting. All of the following statements regarding lifetime gifts are true, except?
Question options:
Appreciation on property after the date of the gift will not be subject to gift tax and will not be included in the donor's gross estate.
Payments directly to his grandchildren for their education over the annual exclusion amount will not be taxable.
Annual exclusion gifts will not be subject to the gift tax and will not be included in the donor's gross estate.
The donee of income producing property will have to recognize the post-gift income from the property on the donee's income tax return.
Xavier has begun a program of lifetime gifting. All of the following statements regarding lifetime gifts are true, except the statement: "The donee of income-producing property will have to recognize the post-gift income from the property on the donee's income tax return."
In general, when an individual makes a lifetime gift, there are certain tax implications and considerations. Let's evaluate the provided statements:
Appreciation on property after the date of the gift will not be subject to gift tax and will not be included in the donor's gross estate.This statement is true. When property is gifted during one's lifetime, any subsequent appreciation on that property is typically not subject to gift tax. Furthermore, it is also excluded from the donor's gross estate for estate tax purposes.Payments directly to his grandchildren for their education over the annual exclusion amount will not be taxable. This statement is true. The annual exclusion allows individuals to gift a certain amount of money each year to each recipient without incurring gift tax. As of 2021, the annual exclusion amount is $15,000 per recipient. Payments made directly for a grandchild's education expenses, such as tuition, are considered exempt from gift tax and do not count towards the annual exclusion amount.Annual exclusion gifts will not be subject to the gift tax and will not be included in the donor's gross estate.This statement is also true. Annual exclusion gifts, within the allowed limit, are not subject to gift tax and are not included in the donor's gross estate for estate tax purposes.The donee of income-producing property will have to recognize the post-gift income from the property on the donee's income tax return.This statement is false. Generally, when income-producing property is gifted, the recipient (donee) assumes both the ownership and tax liability associated with the income generated by the property. The donee is responsible for reporting and paying taxes on the income received from the property on their own income tax return.Therefore, the statement that is not true among the given options is: "The donee of income-producing property will have to recognize the post-gift income from the property on the donee's income tax return."
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A production possibilities curve that is concave to the origin (bowed out) implies that as more of a good is produced, the opportunity cost A. decreases B. remains constant C. increases D. increases at first and then decreases Capital Goods Origin Consumer Goods 22. On the production possibilities frontier above, if the unemployment rate decreases from 10% to 5%, the economy will: A. more away from the PPC toward the origin B. remain on the origin C. remain on the PPC D. move closer to the PPC
The answers to the given questions are as follows:
a) A production possibilities curve that is concave to the origin (bowed out) implies that as more of a good is produced, the opportunity cost increases. Thus, the correct answer is Option C.
b) On the production possibilities frontier above, if the unemployment rate decreases from 10% to 5%, the economy will move closer to the PPC. Thus, the correct answer is Option D
a) When the production possibilities curve is concave, it indicates that resources are not equally efficient in producing different goods. As more of a good is produced, resources that are better suited for producing other goods need to be allocated, leading to an increase in opportunity cost.
b) A decrease in the unemployment rate means that more people are employed, and therefore more resources are being utilized. This leads to an increase in the overall production capacity of the economy, allowing it to move closer to its production possibilities frontier (PPC).
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A production possibilities curve that is concave to the origin (bowed out) implies that as more of a good is produced, the opportunity cost is option C increases.
When the production possibilities curve is concave, it indicates increasing opportunity costs. This means that in order to produce more of one good, the economy must give up increasing amounts of the other good.
As resources are shifted from the production of one good to another, the opportunity cost of producing additional units of the desired good rises.
Regarding the second question, if the unemployment rate decreases from 10% to 5%, the economy will:
D. move closer to the PPC
A decrease in the unemployment rate suggests that more resources (labor) are being utilized in the economy.
This means that the economy is moving closer to its full potential and can produce more output.
As a result, the economy will move closer to its production possibilities curve (PPC) as it approaches its maximum production capacity.
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To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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If the price is above the average total cost of a typical firm in a competitive industry, then: Select one: The firms in the industry are earning exactly the normal rate of return. There will be new firms entering the industry. The industry is in long-run equilibrium. There will be firms leaving the industry.
If the price is above the average total cost of a typical firm in a competitive industry, then B: "There will be new firms entering the industry".
If the price is above the average total cost of a typical firm in a competitive industry, it indicates that firms in the industry are earning more than just the normal rate of return. This situation creates an incentive for new firms to enter the industry to take advantage of the higher profits. As new firms enter, the increased competition will eventually drive down prices and decrease the profitability of existing firms.
This process continues until the price reaches a level where it is equal to the average total cost, resulting in a long-run equilibrium where firms are earning the normal rate of return. Therefore, when the price is above the average total cost, the expectation is that new firms will enter the industry rather than firms leaving.
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ach of the following is a finding of a survey of cfos about their perceptions of earnings quality except: multiple choice cfos believe that earnings are high quality when they are sustainable and backed by actual cash flows cfos believe that earnings are high quality when they make consistent reporting choices over time cfos believe key elements of earnings quality are transparency and predictability cfos estimate that income increasing and income decreasing devices to manage earnings show a 50:50 split
According to a survey of CFOs about their perceptions of earnings quality, many CFOs believe that earnings are high quality when they are sustainable and backed by actual cash flows.
This means that earnings should be generated from ongoing business activities and supported by actual cash inflows, rather than from one-time events or non-cash items.
The other options are not correct:
CFOS believe that earnings are high quality when they make consistent reporting choices over time: This is not a finding of the survey. The survey does not mention anything about consistent reporting choices being a factor in determining earnings quality.
CFOS believe key elements of earnings quality are transparency and predictability: This is not a finding of the survey. The survey mentions transparency and predictability as important factors in earnings quality, but it does not state that these are the only factors.
CFOS estimate that income increasing and income decreasing devices to manage earnings show a 50:50 split: This is not a finding of the survey. The survey does not mention anything about the split between income increasing and income decreasing devices to manage earnings.
However, the correct statement among the multiple choice options that is a finding of a survey of CFOs about their perceptions of earnings quality is that earnings are high quality when they are sustainable and backed by actual cash flows.
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Deciding to do the right or wrong thing is based on making what type of decision?
ethical
business ethics
unethical
a code
Answer:
ethical
Explanation:
a document defining what the marketing research agency promises to do for its client and how much it will cost is called
The document that outlines the services a marketing research agency promises to provide for its client, along with the associated costs, is referred to as a "research proposal" or "contract".
In more detail, a research proposal or contract is a formal document detailing the scope of work, methodology, timeline, and costs involved in a specific project. It's an important aspect of professional engagements, including marketing research. This proposal serves as an agreement between the agency and its client, ensuring both parties have a clear understanding of what is expected in terms of work and remuneration, ultimately preventing misunderstandings and disputes.
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How cash inflow and outflow affects the components of a financial plan
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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In which book of accounts do businesses record their daily financial transactions? Businesses record their daily financial transactions in a , also known as the businessperson’s diary.
Answer:
Journal not whatever the other person said
Explanation:
is business bank account an asset?
Answer:
But what is a business bank account? A business bank is an asset. An asset is anything that makes your business money, whereas a liability is anything that costs your business money.
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Amanda works as an accountant at a small-sized firm that sends out multiple invoices daily. She wants to ensure that the firm's invoices have a professional look and format. Further, she wants to customize such invoices with the firm's logo. Which accounting program is most suitable for
Amanda's requirements?
A. OpenOffice Calc
В. QuickBooks
C. NetSuite
D. FreshBooks
E. Intact
Answer:
Netsuite
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when perfect competition prevails, which characteristic of firms are we likely to observe?
Which of the very next characteristics of businesses are likely to be observed when perfect competition prevails, They are all bargain hunters. A profit-maximizing company loses $10,000 per year in economic terms.
What exactly is profit maximization?Profitability is the process by which businesses ensure that the best price and output levels have been accomplished in order to increase their returns. The firm adjusts influential factors like sale price, manufacturing costs, and output levels to achieve its profit goals.
With an example, what is profit maximization?In other words, at the maximum level of output, the earnings amount and cost can be defined by establishing economic profit equal to zero. When the total revenue is zero, the marginal revenue is zero. The revenue contour has reached its peak. A timetabled airline flight is an example.
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All Of The Following Are Elements Of The Marketing Mix Except-Personnel-Price-Place-Promotion-Product
Products, prices, places, and promotions are the four Ps. They serve as an illustration of a "marketing mix," which refers to the assortment of tools and techniques utilized by marketers to meet their marketing goals.
The correct answer is Personnel.
Product, price, place, and promotion are the four main components of the "four Ps" marketing mix, which is used to promote goods and services. Typically, companies take into account the four Ps when developing marketing plans and strategies to reach their target audience. The four Ps are the most prevalent and the cornerstone of developing a successful marketing plan, while there are many more "marketing mixes" as well. You may read more about the four Ps' goals, history, and in-depth analysis in this article.
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What do the return on investment (ROI) of a marketing campaign, the value of a prospective consumer, and the response rates in direct marketing programs all exemplify? a. Action plans b. Marketing strategies c. Promotions d. Distribution strategies e. Marketing metrics
Return on investment (ROI) of a marketing campaign, the value of a prospective consumer, and the response rates in direct marketing programs exemplify marketing metrics.
What do the return on investment (ROI) of a marketing campaign, the value of a prospective consumer, and the response rates in direct marketing programs all exemplify?Marketing metrics refer to the quantitative measures used to assess the effectiveness and efficiency of marketing activities. These metrics provide valuable insights into the performance and impact of marketing efforts.
ROI of a marketing campaign is a key marketing metric that evaluates the financial return generated from the investment made in a specific marketing initiative. It helps assess the profitability and success of the campaign, allowing companies to allocate resources effectively.
The value of a prospective consumer is another marketing metric that quantifies the potential worth of acquiring a new customer. It considers factors such as customer lifetime value, purchase frequency, and average order value to determine the long-term value that a consumer can bring to a business.
Response rates in direct marketing programs measure the percentage of recipients who respond to a marketing message or call-to-action. This metric helps gauge the effectiveness of direct marketing efforts and provides insights into customer engagement and interest.
Overall, these metrics play a crucial role in evaluating marketing performance, guiding strategic decisions, and optimizing marketing strategies for better outcomes.
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Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco . raise the price to reflect their true costs d. restrict sales to government-owned stores
Answer:
c
Explanation:
A tax is a compulsory sum levied by the government or an agency of the government on goods and services. Taxes increases the price of a good. the aim of tax on cigarettes is to increase the price of cigarettes. this should discourage consumption of cigarettes. taxes on cigarette reflect the true cost of consuming cigarettes
A student wanted to know the most effective way to grow bacteria in a lab. He conducted a descriptive investigation instead of an experimental investigation. What is a limitation of his investigation? O A descriptive investigation cannot show a cause-and-effect relationship between bacteria growth and possible factors affecting growth. O A descriptive investigation is always more expensive than an experimental investigation. aner O A descriptive investigation usually does not involve much data collection to support a hypothesis. O A descriptive investigation provides little prior knowledge or background information about bacteria growth.
Answer:
C). A descriptive investigation usually does not involve much data collection to support a hypothesis.
Explanation:
The limitation of a descriptive investigation is that 'it lacks sufficient data to support the proposition.' A descriptive investigation does not test the validity of a truth or distinct methods of growing it or to make comparisons between them. It rather focuses only on describing in-depth instead of practically examining the validity of the fact and using it to supporting the claim made in the hypothesis, unlike an experimental investigation. Thus, option C is the correct answer.
Answer: A - A descriptive investigation cannot show a cause-and-effect relationship between bacteria growth and possible factors affecting growth.
Explanation: the other answer was wrong i put his answer and when i got it wrong i was given the correct choice so i do not want yall to mess it up
The Italy can produce 20 Gas turbines and 60 Tyres. France can produce 80 Gas turbines and 30 Tyres.
a). What is the opportunity
cost of producing Gas turbines in Italy? ______ tyres.
b). What is the opportunity cost of producing Tyres in
France ? _______ Gas turbines.
Answer:
1. 60 Tyres
2. 80 Gas Turbines
Explanation:
Given that the Opportunity cost is an economics term that is used in describing the cost of an alternative that must be forgone to continue or proceed with a certain activity.
Hence, in this case, considering the available information in the question, the correct answer is that the opportunity cost of producing Gas turbines in Italy is 60 Tyres.
At the same time the opportunity cost of producing Tyres in France 80 Gas turbines.
Which of the following is true of an unsecured loan?
A. They are exclusively for cars, houses, and other large purchases
B. Collateral could be collected by the lender if the debt is not paid
C. They never have any interest added onto them
D. Items of value that the borrowers owns are not at risk of repossession
Answer:
B
Explanation:
The statement "The value of an item where the borrowers owned but they are not at the repossession risk" is to be true.
The unsecured loan is the type of loan in which there is no need for any type of collateral property.
The lender does not takes the assets of the borrower as the security but it gives the approval of an unsecured loan depends upon the creditworthiness of the borrower.
Examples are:
Personal loans.Students loans.Credit cards.The following information related to unsecured loans is
It does not for cars, houses, or any other large purchasesIn this, the collateral does not involve.It contains high interest.Therefore we can conclude that, option d is correct.
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the types of accounts which affect retained earnings are multiple select question. dividends. expenses. assets. liabilities. revenues.
Retained earnings are directly impacted by the same items that impact net income. These include revenues, cost of goods sold, operating expenses, and depreciation.
What is retained earnings ?Sales represent the income generated by a business operation, while profit represents the net profit after deducting costs from the results. Earnings can take many forms, including B. Sales, Commission Income, and Property Income.
Revenue is the money a business makes from selling its products or services. Cash flow is the net amount of cash flowing in and out of a company. Revenue is a measure of a company's sales and marketing effectiveness, while cash flow is a more liquidity measure. Capital investments are typically his one-time large purchases of fixed assets that are used to generate income over the long term. Income costs are the ongoing operating costs, the short-term costs of running the day-to-day operations of a business.
Retained earnings are actually considered a liability to a company because they are a sum of money set aside to pay stockholders in the event of a sale or buyout of the business.
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Question 11 Interest Payable Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? A. Liability Balance Sheet Debit No B. Liability Balance Sheet Debit Yes C. Liability Balance Sheet Credit No D. Liability Balance Sheet Credit Yes
Interest Payable type of account appears on Liability Balance Sheet. The normal balance is credit and the account is closed. The correct option is (C) Liability Balance Sheet Credit No.
Interest payable is the money that a company owes in the form of interest on any outstanding loans. Interest payable arises out of a company's debt, such as bonds, loans, and other forms of debt. It's a liability account that shows how much interest is owed but hasn't yet been paid.
The Interest Payable type of account is classified as a liability account on the balance sheet. This account represents an amount of money owed to an external party. The interest payable account is frequently used in businesses that have borrowed funds and must pay periodic interest payments.
The balance sheet is one of the company's financial statements, showing its financial position at a given point in time. The balance sheet is a summary of all the company's assets, liabilities, and equity at a certain point in time.
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What two factors influence an economic school of thought?(1 point)
Answer:
Free-market, or laissez-faire, economics and Keynesian theory.
Explanation:
The economic school of thought can largely be influenced by prevailing societal values and the historical context in which the theory is developed.
There are many factors that might influence an economic school of thought, but the two key elements are often prevailing societal values and historical context. Prevailing societal values can drastically influence an economic philosophy.
Furthermore, the historical context in which an economic thought emerges is crucial. Economists develop their theories in response to the economic challenges and realities of their time. The Great Depression deeply influenced Keynesian economics, and the stagflation of the 1970s prompted a shift towards monetarism.
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7. Effect of a tax on buyers and sellers The following graph shows the daily market for jeans. Suppose the government institutes a tax of $46.40 per pa This places a wedge between the price buyers pay and the price sellers receive. 200 180 160 Supply 140 200 Tax Wedge 000 w 80 60 40 20 Demand 0 50 00 150 200 250 300 350 400 450 500 QUANTITY (Pairs of jeans
The graph provided shows the daily market for jeans. When the government institutes a tax of $46.40 per pair of jeans, it creates a wedge between the price buyers pay and the price sellers receive.
This tax affects both buyers and sellers in the market. Let's break down the effects on each:
Effect on buyers:
1. The tax increases the price buyers have to pay for jeans. The price buyers now pay includes the original price of the jeans plus the tax amount.
2. The tax wedge creates a difference between the price buyers pay and the price sellers receive. This means buyers pay more for jeans than what sellers actually receive.
Effect on sellers:
1. The tax reduces the price sellers receive for each pair of jeans. Sellers now receive a lower price for their jeans, as the tax amount is deducted from the selling price.
2. The tax wedge also creates a difference between the price sellers receive and the price buyers pay. Sellers receive less for their jeans than what buyers actually pay.
Overall, the tax on jeans affects buyers by increasing the price they have to pay, and it affects sellers by reducing the price they receive. The tax wedge creates a discrepancy between the price buyers pay and the price sellers receive.
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Would Yolanda Diaz have been as successful if she started her company right out of college rather than waiting
Which term best completes the outline?
?
economy
Economic freedom
Competition between businesses
Decisions motivated by profit
O A. Traditional
B. Mixed
C. Market
D. Command
Answer:
C. Market.
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.
Basically, there are four (4) main types of economy and these are;
I. Mixed economy.
II. Command economy.
III. Traditional economy.
IV. Free market economy.
A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.
Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.
The four (4) main elements or characteristics of a free enterprise system includes the following;
a. Profit: businesses are all out to generate revenue and profit through the sales of finished goods.
b. Economic freedom: means of production of goods and services are controlled by the people rather than the government. Thus, the producers are free to make their economic choices or decisions such as deciding on how much is to be charged on a product.
c. Private ownership of properties: the various factors of production are owned and allocated by the people. Thus, citizens have rights to the ownership and use of private property.
d. Competition: there are many buyers and sellers of homogeneous products, as well as free entry and exit in the market. Thus, consumers are free to make their economic choices or decisions such as deciding on which product to buy, which goods interest them, where to shop for goods, etc.
In conclusion, a market is characterized by the following economy;
I. Economic freedom
II. Competition between businesses
III. Decisions motivated by profit
is command
Explanation:
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Melanie invests $4,000 into an account offering 4% interest compounded annually. gina invests $4,000 into a simple interest savings account offering a 4.5% interest rate. what is the dollar amount of the greater balance at the end of five years? round to the nearest dollar. use the formula a = p (1 r) superscript t for compound interest; use the formula i = p r t for simple interest.
Answer:
The greater balance at the end of five years is $4,918 for Melanie's account.
Explanation:
This is calculated using the compound interest formula: a = p (1 + r)t, where a is the amount of money, p is the principal investment, r is the interest rate, and t is the number of years.
In this case, the equation is a = 4,000 (1 + 0.04)5, which equals $4,918.
Gina's account will have a balance of $4,720 at the end of five years. This is calculated using the simple interest formula: i = p r t, where i is the amount of interest, p is the principal investment, r is the interest rate, and t is the number of years.
In this case, the equation is i = 4,000 (0.045)5, which equals $4,720.
Therefore, Melanie's account has a greater balance than Gina's, with $4,918 compared to $4,720.
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With the help of online research, write a short report on “glocalization.”
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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