All consumers in the market have a high demand for avocados. Mary has an inelastic demand for avocados.
A client is a person or a collection who intends to reserve, or makes use of purchased goods, merchandise, or services more often than not for private, social, circle of relatives, family and similar desires, who isn't at once related to entrepreneurial or business sports. The time period maximum typically refers to a person who purchases goods and offerings for personal use. customers can be both an man or woman or institution of folks that purchase or use goods and services solely for personal use, and no longer for production or resale. they're the stop-users inside the income distribution chain.
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what is a table in economics and state 5 characteristics of a table
A table is a systematic arrangement of data implementing columns and rows to display information which make it easier for better understanding.
Table number: A table should always be numbered for easy identification
Title of the table
Stubs: These refer to the headings of horizontal rows.
Captions: these refer to the headings of vertical columns
Clear, to the point and a suitable font/ size for the text. Information must be inserted in the same format into the appropriate cells
Which statement would be MOST important to include in a summary of the section "Karl Marx"? Marx theorized that capitalists would try to get more work from people for less pay. Marxism is more durable as a critique of capitalism than as a system for governing. Marx's idea about communism influenced the Russian Revolution in 1917. Marx thought that machines would make life dull and repetitive.
The most important claim about Karl Marx would be the theorizing that capitalists would try to get more work from people for less pay.
Who was Karl Marx?He was a German philosopher who developed the foundations of communism, a system that criticized capitalism and its doctrines. His most prominent theories are about the transition to communism, the class struggle, the Marxist theory of ideology and surplus value.
Therefore, the correct option for the question refers to surplus value, which was defined for Karl Marx as the difference between the value of the work produced by employees and their salary paid. For him, the surplus value is the work produced and not paid, being a condition of exploration of the capitalist system.
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What types of planning can be done to im prove a nations economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
Explanation:
The economy can be defined as the production, consumption, and distribution of goods and services.
the gross domestic product generally called GDP can be a major factor in the growth of an economy .
business investment and consumer spending can lead a major role too.
spending money on infrastructure to create more jobopportunitiess and productivity by enablingbusinessess.
decrease in the amount of tax and refund taxes that go toward government revenue.
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which of the following budgets is directly associated with the production budget? a.direct materials purchases budget b.direct labor cost budget c.sales budget d.all of these choices
A. direct materials purchases budget, B. direct labor cost budget and C. sales budget, these are directly associated with the production budget.
Hence, option D. .all of these choices is correct.
Why would a production budget be needed?The corporation can predict production levels for times when demand is erratic with the use of a production budget. A business can use a month of low demand and production to make excess product to keep on hand for a future time when demand is expected to increase.
What does a production budget look like in practise?The direct material budget, direct labour budget, and overhead costs are the three primary categories of the production budget. Rent, utilities, insurance, employee wages, and office supplies are a few examples of payables.
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Which of the following items may be a good consideration in selecting a bank? I. The bank sends a representative to the local mall to promote new applications. II. Number of ATMs or bank branches near where you live, shop, work, or travel. III. Knowledge of personal usage habits and needs. A. I and II b. II and III c. I and III d. I, II and III Please select the best answer from the choices provided A B C D.
The good consideration while selecting a bank includes:
number of near ATMs or bank branches.knowledge of personal usage habits and needs.What is meant by good consideration?The consideration here means the act of assessing the favorable condition over unfavorable condition while trying to select a bank.
So, the good consideration while selecting a bank includes number of near ATMs or bank branches and knowledge of personal usage habits and needs.
Therefore, the Option B is correct.
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Answer:
b
Explanation:
why do you think people spend so much money on their wants despite the financial costs?
Many individuals believe their wishes to be their needs.
What kinds of things are needs?A need is something that is considered to be a necessary or vital to have. Examples include shelter, food, and water. A want is an unnecessary yet wanted object or things that improve quality of life.
Which kind of term is required?Need is a semi-modal verb because it resembles a modal verb in some ways and a primary verb in others. You don't need to take off your shoes. We use need most often in the negative form to indicate that something is not required or required of you.
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Use the drop-down menus and your knowledge of prefixes to choose the correct word for each sentence.
I love being outdoors, so a day at the movies is
for me.
Plants that
desirable traits tend to live longer than those that do not.
The situation was unpleasant, and I did not know how to
myself from it.
The correct prefixes are:
AtypicalExhibitExtricateWhat is a Prefix?This refers to the addition of a word at the beginning in order to change the meaning from the root word.
Hence, we can see that based on the complete question, there is the use of words like "typical", etc and to use the correct prefixes, one would have to change them to the above to make sense.
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The correct answers are:
AtypicalExhibitExtricateWhat are prefixes?Morphemes
Prefixes are morphemes (specific groups of letters with particular semantic meaning) that are added onto the beginning of roots and base words to change their meaning. Prefixes are one of the two predominant kinds of affixes —the other kind is suffixes, which come at the end of a root word.
Thus:
The correct answers are:
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
True or false: The variable costs of service departments should be charged to consuming departments in a predetermined lump-sum amount, so that the cost of the service can be properly traced to departments, products, and customers. True false question. True
For the purpose of easy traceability, the variable costs of service departments shall always be charged in a lump-sum amount.
What are variable costs?
The costs which are not fixed in nature are called variable costs. Such costs related to services are a representation of cost making capacities, ready to use.
If such costs are charged in lump-sums to each of the service departments, the exact cost involved in provision of such service can be traced back to the particular department.
Hence, the aforementioned statement regarding the variable costs of service departments holds true.
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Karen wants potential clients interested in Assist You 2's numerous services to feel like they are getting a deal; she suggests using prices like $99.99 for two hours of office reorganization and $249.99 for a 7 hour day of childcare services. This pricing tactie is known as price bunding odd even pricing O markup pricing discount pricing cost-plus pricing Before setting the price for their personal assistant services,
As Karen wants potential clients interested in Assist You 2's numerous services to feel like they are getting a deal; she suggests using prices like $99.99 for two hours of office reorganization and $249.99 for a 7 hour day of childcare services, this type of pricing tactile is known as odd even pricing. The Option B is correct.
What is an odd even pricing?An odd pricing strategy refers to a marketing strategy that involves putting an odd number at the end of a price, for example, $1,99, $2,95. But an even pricing strategy implies a price ending in a whole number or zero, for example, $2, $3,50.
The brands that uses these strategies strive to achieve different goals depending on their business size and target audience. Companies used these strategies to appeal to their consumers’ subconscious. Let’s face it. Sometimes we falls for the trick “$1,99 Today Only as This makes us feel that we manage to save money, and it seems like an extremely profitable bargain.
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Savannah is a middle school student who is eager to start earning her own money. She would like to start babysitting, but her parents said that she must wait until she turns fourteen. With her fourteenth birthday fast approaching, she decided to complete a first aid course and take babysitting classes offered at her local community center. She has also printed up flyers to give to families with small children in her neighborhood. Savannah is excited to soon be making money of her own. What advice would you give her about managing the money she will earn?
Answer:
Don't spend your money too quickly.
Explanation:
Don't go off buying any and everything you see. Manage your money responsibly.
What are situational Judgement tests SJTs used for?
Situational Judgement Tests (SJT) are commonly used in recruitment and selection processes to assess an individual's ability to handle various scenarios that may arise in the workplace. These tests present a candidate with a range of realistic workplace scenarios and ask them to choose the most appropriate response from a list of options provided.
SJT is designed to evaluate a candidate's problem-solving ability, decision-making skills, and behavioral competencies in a given situation. The test is particularly useful in evaluating a candidate's soft skills, such as their communication, teamwork, and leadership abilities.
SJT is used across various industries, including healthcare, finance, retail, and education. It is an effective tool for assessing job candidates' suitability for roles that require them to work in a team, handle challenging situations, and make critical decisions.
Employers use SJT to evaluate a candidate's potential fit with their organizational culture, the demands of the role they are applying for, and how they may perform in real-life work situations. SJTs are also useful in identifying areas where the candidate may require additional training or development.
In summary, SJTs are used by employers to assess the candidate's ability to make effective decisions, handle challenges, and demonstrate their suitability for a particular role or organization.
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marginal revenue product is equal to marginal revenue multiplied by
Calculating the marginal revenue product involves multiplying the resource's marginal physical product (MPP) by the marginal revenue (MR) that is produced. The formula MRMPL = MRPL states that the marginal revenue product of a worker is equal to the sum of the marginal product of labour (MPL) and the marginal revenue (MR) of output.
This can be used to calculate the ideal workforce to use at a market wage rate chosen exogenously. MRP is characterised as the extra income that will be produced by expanding a factor input, such as workers, equipment, or business sites. MRP = Marginal Physical Product x Marginal Revenue is the equation for marginal revenue product.
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Gray uses Hofstede's cultural values that were discussed in Chapter 1 to:
a Set forth accounting values that can be used to define a country's cultural foundation with respect to financial reporting
b Set forth corporate governance provisions that define an ethical organization culture
c Define what is meant by the public interest in accounting
d Define what is meant by internal controls over financial reporting in a cultural context
Answer:
a. Set forth accounting values that can be used to define a country's cultural foundation with respect to financial reporting.
Explanation:
Gray Hofstede's presented six dimensions of cultural values. Power distance index, Individualism vs collectivism, Masculinity vs Femininity, Uncertainty Avoidance Index, Long term vs short term orientation, Indulgence vs Restraint. He used footing for comparing state based accounting values. He set accounting values to define a country's cultural foundation with respect to financial reporting.
Why might a business owner prefer to start a business in a laissez-faire economy? A. because the government will offer incentives for new business owners B. because the government makes all decisions, it is easier for business owners C. because it does not include things like taxes, tariffs, or any type of regulation D. because it has financial regulations that benefit start-up businesses
Answer:
D. because it has financial regulations that benefit start-up businesses
Explanation:
In a laissez-faire economy, the government does not interfere with economic activities of such as production, consumption, or private contracts. The government focuses on enforcing law and order, providing public goods, and regulating activities in the country.
Starting a new business in a laissez-faire economy assures an entrepreneur of fair business practices due to government regulations. The business owner will be confident when entering into contracts as the government enforces them.
Answer:
The correct answer would be C
Explanation:
Laissez-faire doesn't include things like taxes, tariffs, or any type of regulation and that's why businesses like to start with Laissez-faire.
The chart shows the marginal revenue of producing apple pies.
__ Pies_____ Total __ Marginal
produced__revenue__ revenue
_per day
0__ ── _ ──
1 _ $10 __ $10
2 _ $20 _ $10
3 _ $30 _ $10
4 _ $40 _ $10
5 _ $50 _ $10
6 _ $60 _ $10
7 _ $70 _ $10
According to the chart, the marginal revenue
❌ A) decreases by ten dollars as production increases.
❌ B) increases by ten dollars as production increases.
❌ C) falls to zero dollars as production increases.
✔️ D) remains the same as production increases.
Quiz./I Help People Like you Who Need Help. I did the if you don't like it that makes me sad : (
The graph on marginal revenue shows that marginal revenue D) remains the same as production increases.
What is marginal revenue ?The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns.
According to economic theory, firms that are completely competitive keep on producing goods until marginal revenue and marginal cost are equal.
As shown in the graph, the marginal revenue was $ 10 from the first unit produced up until the 7 th unit produced. This means that the marginal revenue remained the same as production increased.
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which task is carried out by book keeping
Answer:
Explanation:
Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.
Does using a zero-based budget mean that your bank account will hit $0 at the end of every month?
Answer:
No silly! :)
Explanation:
Zero-based budgeting is a repeatable process that organizations use to rigorously review every dollar in the annual budget, manage financial performance on a monthly basis, and build a culture of cost management among all employees. Basically, all budgets must be justified for each monthly period.
Dexter has recently joined an organization. His trainer, ken asks dexter to follow certain processes to complete his work faster. Dexter follows the processes without questioning ken. Which one of Aristotle's elements of good communication is being exemplified in the communication between dexter and ken?
Answer:
Ethos
Explanation:
Ethos is one of the three Aristotle's elements of good communication that is based on credibility. It explains the reason why a listener should believe what you are saying to them.
This can also come as a result of ones position and in the environment where he is communicating or because of his expertise and skills and knowledge in the subject of communication which actually convince the listeners that you are more knowledgeable.
Ken's position as Dexter's trainers makes allows his credibility to Ken.
Answer:
Ethos
Explanation:
Answered it right on edmentum
Managers wants to develop an organizational culture that aligns with the firm’s mission and profit margin.
True or false
According to the research, the correct answer is True. The statement "Managers want to develop an organizational culture that aligns with the firm's mission and profit margin" is true.
What are Managers?It is the person whose job is to coordinate or direct a company or a sector of it, guides the effective management of people and organizational effectiveness.
In this sense, he is dedicated to the coordination and supervision of the actions carried out by other people, ensuring that the work carried out by the personnel under his charge is in tune with the objectives of the company and its organizational culture.
Therefore, we can conclude that according to the research, a manager plans and directs the plans and procedures in the organizational culture.
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Which of the following is a characteristic of a service?
A. Can be stored
B. Can be repeated in exactly the same way
C. Mass produced
D. Intangible
Answer:
D.Intangible
Explanation:
Because three characteristics of service are: intangibility, inseparability, variability
The correct answer is D. Intangible. is a characteristic of a service
What are servicesServices are intangible in nature. This means that they do not have a physical presence and cannot be touched or held like physical goods. This is one of the key characteristics that differentiates a service from a product.
Options A, B, and C are typically characteristics of goods, not services:
A. Services cannot be stored for later use like physical goods.
B. Due to the human aspect involved in delivering services, they may not be repeated in exactly the same way each time.
C. Services are generally customized to the individual customer and are not mass-produced in the same sense as physical goods.
Option D is therefore a service characteristic.
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What is the distinction between free trade and fair trade?
Free trade focuses on the _________ of nations. Fair trade seeks to bring ________ to the world of trade.
Answer:
Free trade focuses on the reductions of barriers and policies of nations.
Fair trade seeks to bring favor to the right of the worker.
Explanation:
At taste of thyme coffee shop a dirty chai latte creates a profit point of $2.85 for a small and $3.80 for a large. in a month, 200 small lattes were sold and 285 large lattes. as a fast growing demand item with fall approaching, the demand is estimated at 400 and 420 per month. the allotted machine time for both lattes is 90 hours. the amount of machine time needed to produce the lattes is 5 minutes and 7 minutes each or for a month, 16.67 hours a month for a small and 33.25 hours a month for a large. what is the corresponding parameters formulation for machine time
Sophocles' purchase decisions illustrate how the rule of demand is used in economics.Consumers will demand fewer units of a commodity at a higher the law of demand price, according to the law of demand, a tenet of economics.
Demand is determined by the marginal utility law of diminishing value, which holds that consumers utilise economic goods to initially satisfy their most urgent needs.
The total machine time allocated for the two lattes is 90 hours due to the market's overall volume demand.A market demand curve represents the amount of machine time required to generate consumers at each price. Price changes do not by themselves result in an increase or decrease in demand, despite the fact that they might be viewed as movement along one demand curve. The nature and extent of demand may fluctuate in response to adjustments in consumer behaviour, income levels, or associated economic factors.
Complete question:
A dirty chai latte costs $2.85 for a small and $3.80 for a large at taste of thyme coffee shop. 200 little lattes and 285 big lattes were sold in a single month. With autumn rapidly approaching, demand for this item is predicted to climb by 400 to 420 percent monthly. For both lattes, the machine time permitted is 90 hours. Lattes require 5 minutes and 7 minutes of machine time apiece, or 16.67 hours and 33.25 hours respectively, to manufacture one small and one large. What is the machine time associated parameters formulation?
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which of the following is not a leading indicator? a) money supply b) stock prices c) housing starts d) personal income
The correct answer is d) personal income. Personal income is not typically considered a leading indicator.
Leading indicators are economic indicators that tend to change before the overall economy does. They are used to predict future trends and provide insights into the direction of the economy.
Money supply, stock prices, and housing starts are commonly used as leading indicators. Changes in money supply can have an impact on economic activity and inflation. Stock prices are often seen as a reflection of investor sentiment and can provide insights into market expectations. Housing starts indicate the level of construction activity and can be an indicator of future economic growth.
Personal income, on the other hand, is considered a lagging indicator. It reflects past economic performance rather than predicting future trends. Changes in personal income are typically observed after changes in overall economic activity have already occurred.
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outline 2 advantages to H&H of using secondary market research
give an example of a business operating in a monopolistic market in South Africa
Answer:
Diamond sales by De Beers's Central Selling Organisation (CSO) and SA Breweries' (SAB) production of beer.
Explanation:
That is one I honestly think.
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The need for treatment alone is no longer sufficient legal cause for civil commitment in most states in the United States. This change came about as part of the _____ of the 1960s. Group of answer choices
The change in the legal cause for civil commitment, where the need for treatment alone is no longer sufficient, came about as part of the deinstitutionalization movement of the 1960s.
During the 1960s, there was a significant shift in mental health policies and practices, aiming to move away from long-term institutionalization of individuals with mental illnesses.
The deinstitutionalization movement sought to transition patients from large psychiatric hospitals to community-based care, emphasizing the importance of individual rights, community integration, and a focus on least restrictive alternatives.
As part of this movement, changes were made to the legal criteria for civil commitment.
Merely needing treatment was no longer considered sufficient cause for involuntary commitment. Instead, stricter standards were introduced, such as the requirement to demonstrate a significant risk of harm to oneself or others, or the inability to meet one's basic needs, in order to justify involuntary commitment.
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An investor deposited some money at 1.3% annual interest, and two equal but larger amounts at 2.3% and 2.5%. The total amount invested was $24,000, and the total annual interest earned was $554. How much was invested at each rate? At the rate 1.3%,4 Wras invested.
Approximately $3,285.71 was invested at each of the 1.3% and 2.3% rates, and approximately $17,428.58 was invested at the 2.5% rate.
In order to find out how much money is invested at each rate, let's assume the amount invested at 1.3% is x dollars, and the amount invested at 2.3% would also be x dollars. The amount invested at 2.5% would be (24,000 - 2x) dollars since the total amount invested is $24,000.
Now, let's calculate the interest earned from each investment:
Interest earned at 1.3% = (1.3/100) × x
Interest earned at 2.3% = (2.3/100) × x
Interest earned at 2.5% = (2.5/100) × (24,000 - 2x)
According to the problem, the total annual interest earned is $554, so we can set up the following equation:
(1.3/100) × x + (2.3/100) × x + (2.5/100) × (24,000 - 2x) = 554
Simplifying the equation:
0.013x + 0.023x + 0.025(24,000 - 2x) = 554
0.013x + 0.023x + 600 - 0.05x = 554
0.013x + 0.023x - 0.05x = 554 - 600
-0.014x = -46
x = -46 / -0.014
x = 3,285.71
Now that we have the value of x, we can calculate the other amounts:
Amount invested at 1.3%: x = $3,285.71
Amount invested at 2.3%: x = $3,285.71
Amount invested at 2.5%: 24,000 - 2x = 24,000 - 2(3,285.71) = $17,428.58
Therefore, approximately $3,285.71 was invested at each of the 1.3% and 2.3% rates, and approximately $17,428.58 was invested at the 2.5% rate.
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Your question seems incomplete, but I suppose the question was:
"An investor deposited some money at 1.3% annual interest, and two equal but larger amounts at 2.3% and 2.5%. The total amount invested was $24,000, and the total annual interest earned was $554. How much was invested at each rate?"
Three years ago american insulation corporation issued 10 percent, $820,000, 10-year bonds for $780,000. debt issue costs were $4,000. american insulation exercised its call privilege and retired the bonds for $810,000. the corporation uses the straight-line method both to determine interest and to amortize debt issue costs.
Answer and Explanation:
The journal entry is shown below:
But before the following calculations are required
The Unamortized cost of the Issue is
= ($4,000 ÷ 10 years) × 7 years
= $2,800
Now
Discount on Bond is
= $820,000 - $780,000
= $40,000
And,
Unamortized Discount is
= ($40,000 ÷ 10 Years) × 7years
= $28,000
Now
Carrying Value of Bond after 3 Years is
= $820,000 - ($28,000 + $2,800)
= $789,200
And,
Loss on Early Retirement of Bond is
= $810,000 $-789,200
= $20,800
Now
Journal Entry is
Bond Payable $820,000 Dr.
Loss on Early Retirement of Bond $20,800
To Discount on Bond Payable $28,000
To Cost of Issue of Bond Payable $2,800
To Cash or Bank $810,000
(being the call on bond is recorded)
I have 1 F and 2 D's in my business class, Language arts, and science, because I have to study for another school which takes up a lot of my homework time. (Online School) Please help (┬┬﹏┬┬)
Answer:
I'm not sure how to help other than to tell you that you've got this! I am an AP and a dual-enrollment student, so I completely understand.