Price floors are instituted because the government wants to help producers.
Price floors are minimum price levels set by the government above the equilibrium price in a market. The primary objective of implementing price floors is to provide support and assistance to producers. By setting a price floor, the government aims to ensure that producers receive a certain minimum price for their goods or services. This intervention helps protect producers from experiencing excessively low prices that may not cover their production costs or lead to sustainable profitability. Price floors can be particularly relevant in agricultural markets, where fluctuating prices and risks associated with production can impact the livelihood of farmers. By establishing a minimum price, the government intends to support producers and maintain a stable income for them.
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Which of the following are basic assumptions that justify an analysis of the costs of quality?
A. Failures are caused
B. Prevention is more expensive
C. Performance can be learned
D. Rules of thumb don't always work
E. Appraisal costs are less than prevention costs
The basic assumption that justifies an analysis of the costs of quality is that prevention is more expensive than correction. Therefore, the correct answer is option B.
This means that investing in quality control measures and processes can help to prevent defects and errors, which is more cost-effective than correcting these issues after they have occurred.
By investing in quality control, businesses can avoid the costs associated with waste, rework, and customer dissatisfaction, which can be significant. The other assumptions listed are not necessarily related to the analysis of the costs of quality.
Failures may be caused by a variety of factors, and identifying these causes is important for implementing effective quality control measures. Performance can be learned, but this is not directly related to the costs of quality.
Rules of thumb may be helpful in certain situations, but a more detailed analysis of the costs and benefits of different quality control measures is needed for effective decision-making. Finally, appraisal costs may be less than prevention costs, but the key assumption is that prevention is more expensive than correction.
In summary, the basic assumption that justifies an analysis of the costs of quality is that prevention is more expensive than correction. This means that investing in quality control measures and processes can help to prevent defects and errors, which is more cost-effective than correcting these issues after they have occurred. Thus, option B is correct.
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Which paradigm focuses on equal opportunity, fair treatment, recruitment of minorities, and strict compliance with the equal employment opportunity laws? Learning and effectiveness Profit and growth Discrimination and fairness Access and legitimacy
The paradigm that focuses on an equal opportunity, fair treatment, recruitment of minorities, and strict compliance with the equal employment opportunity laws is the Access and Legitimacy paradigm.
What is the Access and Legitimacy paradigm?The access and legitimacy paradigm of diversity represents the lowest level of diversity management. It views cultural differences as unique perspectives that can provide insights and perspectives that improve business outcomes. To recruit, train, and retain a diverse workforce, it emphasizes adherence to laws, guidelines, and regulations on equal employment opportunity and affirmative action.
The access and legitimacy paradigm emphasizes social justice, and fair treatment and emphasizes diversity programs that are consistent with business objectives, not just social justice issues.
Diversity management aims to identify, appreciate, and make the most of differences in employees. These differences may include age, sexual orientation, physical ability, gender, race, and religion. Organizations that embrace diversity benefit from the new perspectives and ideas that diversity brings, as well as the increased employee morale that results from being recognized and valued for individual differences.
Therefore, the Access and Legitimacy paradigm is an essential component of an organization's diversity strategy.
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________________ software analyzes vast stores of historical business data that have been prepared for analysis in corporate data warehouses and tries to discover patterns, trends and correlations hidden in the data.
Answer:
Data mining
Explanation:
Data mining software are programs that are used by companies to be able to process and analyze big amounts of information to find tendencies, make predictions and develop more effective strategies. According to this, the answer is that data mining software analyzes vast stores of historical business data that have been prepared for analysis in corporate data warehouses and tries to discover patterns, trends and correlations hidden in the data.
Which of the following is NOT a part of reviewing and revising the financial plan?
-developing an action plan which identifies ways to achieve the goals
-regularly assessing the financial decisions
-taking a complete review of finances at least once a year
-making priority adjustments which will being financial goals in like with current life situation
Answer:
Developing an action plan which identifies ways to achieve the goals.
Explanation:
Reviewing & Revising the Plan
Involves:
regularly assessing the financial decisions
taking a complete review of finances at least once a year
making priority adjustments which will bring financial goals in line with current life situation
Explain the importance of office for an organization long answer
Answer:
The answer to this question is given below in this explanation section.
Explanation:
" importance of office for an organization"
An office is the center point of organization.It is a place to perform different activities of a business organization.The office is the brain of the whole organization.The office performs a critical function such as information collection,collection,recording analyzing distribution of information and executive function such as planning,organization,policies formulation,decision making etc.
It is used by management for the purpose of planning,organizing,staffing,directing,and controlling.Office not only keep record of information but also pay the role of reliable channel of communication the information.It is required for smooth functioning of the organization.
Proper organisation facilities the intensive use of human capital.Organization stimulates creativity.By providing well defined areas of work and ensuring delegation of authority,Organization provides sufficient freedom to the managers and encourages their initiative,independent thinking and creativity.
If a stock you buy is $50 per share and pays $2 per year in total dividends;
what is the dividend yield of the stock?*
Answer:
4%
Explanation:
Dividend yield shows the dividends paid out annually as a percentage of the share market price.
The formula for calculating dividend yield is the annual dividend per share/market value per share.
Dividend yield = dividend/ market share price x 100
Dividend yield = 2/50 x 100
Dividend yield = 0.04 x 100
Dividend yield = 4%
Which option identifies the marketing strategy demonstrated in the following scenario?
Department stores often have their own credit cards and mailings sent to card holders that offer incentives such as
percent discounts and early hour shopping days.
O product packaging
customer loyalty
O advertising
word-of-mouth
Answer: customer loyalty
Explanation:
Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
what is another term that means withholding
A) gross income
B) payroll deductions
C) taxable income
D) allowances
Answer:
B) payroll deductions
Explanation:
To withhold a payment implies abstaining or avoiding to pay. If an employer withholds some payments, it means that the employee will not receive the withheld amount.
When employers withhold taxes and other deductions, it means the employee will not be given the tax amount. The employer will deduct that amount from the employee pay and forward it to the tax agency. Withholding, in this sense, is payroll deductions.
If a product or other segment of a business is generating a loss, it is erroneous to assume that the total company income will increase by eliminating the product line or other segment of the business generating the loss.
a.This statement is true.
b.This statement is true only for manufacturing companies.
c.This statement is true only for service companies.
d.This statement is false.
Answer:
a.This statement is true.
Explanation:
The loss generating segment of a business might be generating a contribution towards the firms` common fixed overheads thus, it would be erroneous to assume that the total company income will increase by eliminating the product line or other segment. Eliminating this product line or other segment might result in loss of a contribution to cover the fixed costs.
the discount rate is select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a the interbank overnight lending rate of at least 1 million dollars. b the rate that a bank pays the fed when it borrows from the fed. c the rate that the treasury pays when it borrows from the fed. d none of the above.
option (b). correct. the rate that a bank pays the fed when it borrows from the fed at which commercial banks borrow and lend their extra reserves.
The Fed conducts monetary policy by setting a target for the federal funds rate, the rate at which banks borrow and lend reserves on an overnight basis. The Fed influences interest rates to affect interest-sensitive spending, such as business capital spending on plant and equipment, household spending on consumer durables, and residential investment. The overnight bank funding rate is a measure of wholesale, unsecured, overnight bank funding costs. It is calculated using federal funds transactions, certain Eurodollar transactions, and certain domestic deposit transactions. The federal funds rate is the target interest rate set by the Fed at which commercial banks borrow & lend their extra reserves to one other overnight. This is the correct option.
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why is it important to not let slides distract from you
Answer:
because they are fun and if you get distracted you don't want to finish what you are doing
Answer: Because what if you have to go to school and you stop bye a park and u just sliding on the slide u late to school so make sure when u see a slide walk away i mean runnnnnnnn away
Explanation:
Kendrick is highly knowledgeable about new developments in computer technology, since he reads everything he can find about the subject. Typically, being the first to try out new computer parts and models, he would be classified ________ in terms of the diffusion of innovation curve.
Kendrick as a personel who is highly knowledgeable as regards new developments in computer technology, and in all means try to explore new computer parts and models can be regarded as an Innovator in the domain of diffusion of innovation curve.
The innovation adoption curve can be regarded as the curve that showcase how users falls into different categories, this is usually classified as per their willingness to accept new technology or an idea.Kendrick, in this case try out the new computer part with all willingness.
Therefore, Kendrick can be seen as innovator.
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what are the basic principles of democracy in a society?
Answer:
According to American political scientist Larry Diamond, democracy consists of four key elements: a political system for choosing and replacing the government through free and fair elections; the active participation of the people, as citizens, in politics and civic life; protection of the human rights of all citizens;
Explanation:
sorry if wrong have a good day T_T
Which of the following represent two of the potential financial costs of reporting unethical behavior? Choose 2 answer choices.
A. penalties, fines, and lawsuits against the company
B. the loss of top performing employees
C. the termination of the employee who made the report
D. a decrease in employee morale
The potential financial costs of reporting unethical behavior include:
A. Penalties, fines, and lawsuits against the companyD. A decrease in employee morale.What is financial cost?They are expenses related to borrowing money from creditors or lenders. They are out of the company's essential business expenses. Examples are the origination charges for loans and interest on borrowed funds.
Anything that deviates from the bare minimum of a business code of conduct is covered under the definition of unethical business practices. This encompasses any actions that are generally seen as immoral and cause harm to people, animals, or the environment.
hence we can say that reporting unethical activity could result in financial expenses for the organization, such as fines, penalties, and litigation, as well as a decline in staff morale.
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pros and cons of franchises??
Fixed costs are ignored in allocating scarce resources becauseA. they are sunk.B. they are unaffected by the allocation of scarce resources.C. there are no fixed costs associated with scarce resources.D. fixed costs only apply to long-run decisions.
Due to the fact that fixed costs are unaffected by the allocation of scarce resources, they are not taken into account. Option B is Correct.
When fixed expenses are ignored because they are irrelevant to a company's production decision, they are referred to as "sunk costs." Costs that have already been sunk or committed are irrelevant. Sunk costs, also known as past expenses, refer to money that has already been spent or that has been agreed to be paid.
Sunk expenses cannot be important since whether or not a new endeavour is begun will not have any impact on this cash flow. Fixed cost allocation offers investors a clearer insight of a company's actual financial outcomes and enables management to make well-informed business decisions. Fixed cost allocation is a tool that management may use to incentivize employees and justify spending. Option B is Correct.
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Landon jewelers uses the perpetual inventory system. on april 2, landon sold merchandise with a cost of $2,500 for $7,000 to a customer on account with terms of 3/15, n/30. the journal entry to record the cost of goods sold would be:
Answer:
Dr Cash $6,790
Dr Sales discount $210
Cr Accounts Receivable $7,000
Explanation:
Cost of goods sold by Landon Jewelers is $7,000
The cost is subject to 3/15, n/30 meaning that 3% will discount will be applicable if payment is made in 15 days. Where the balance is not paid within 15 days, it must however be paid within 30 days.
Since payment was made to Landon Jewelers within the 15 days grace, 3% deduction will be applicable to the payment.
Therefore Sales discount would be ;
= $7,000 × 3%
=$210
Balance paid in cash would be;
=$7,000 - $210
=$6,790
Journal entry for cost of goods sold would be;
Dr Cash $6,790
Dr Sales discount $210
Cr Accounts Receivable $7,000
Sales discount is an expense hence debited while the whole amount is credited to accounts receivable.
Adrian is an investor. He reviews the income statement of a company and concludes that he will benefit from investing in it. What is the information that is provided in the income statement that most likely helped him make this decision?
A.
income statement showed the debts the company owes
B.
income statement showed the net profit of the company for a specific period
C.
income statement showed the assets of the company
D.
income statement showed the equity capital of the company
Answer:
B. income statement showed the net profit of the company for a specific period
Explanation:
The management prepares an income statement at the end of a financial year to show whether a business made a profit or loss. It lists all the revenue in the top section, the expenses in the middle, and profit or loss at the bottom.
The income statement communicates how much profits a business made during a specific financial period. Adrian was impressed by the profits that the company made that period.
Create a minimum of 10 questions that you will ask your potential marketing client in order to be able to create and develop an advertising campaign for them. Utilize the information in the focus section above and in your course lessons. You will need to gather information about their company and its values, the area of focus for the ad campaign, target market, and other pertinent information.
Answer:
1. Are you advertising to a specific group of people/ Who is your target audience?
2. How would you reach out to that audience/What emotions are you trying to trigger within their minds?
3. How would you justify your prices?
4. Is your idea viable in the current market?
5. How would you differentiate your goods and services from any other similar products in the industry?
These are just examples. Hope this helps!
the accounting term for a situation where two or more people act in coordination to circumvent internal controls is
The accounting term for an instance where two or more individuals work together to get around internal controls is Collusion.
Internal controls are the systems, guidelines, and practises that a business uses to guarantee the accuracy of its financial and accounting data, foster accountability, and Collusion fraud. As the name implies, corrective controls are implemented to address any problems identified by detective controls.
These may also involve fixing any errors discovered once an accountant has completed the audit procedure on the accounting books. When two or more individuals collaborate to evade internal checks and steal from a business, this is called collusion.
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3. ______ are defined as goods or services that are required for health and safety.
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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Vaughn Manufacturing took a physical inventory on December 31 and determined that goods costing $216,000 were on hand. Not included in the physical count were $30,000 of goods purchased from Tamarisk, Inc. , FOB, shipping point, and $21,500 of goods sold to Sheffield Corp. For $32,000, FOB destination. Both the Tamarisk purchase and the Sheffield sale were in transit at year-end. What amount should Vaughn report as its December 31 inventory
Vaughn Manufacturing should report $216,000 as its December 31 inventory. The goods purchased from Tamarisk, Inc. for $30,000 should not be included in the physical count as they were FOB shipping point, meaning ownership of the goods transferred to Vaughn Manufacturing upon shipment. The goods sold to Sheffield Corp. for $21,500 should also not be included in the physical count as they were FOB destination, meaning ownership of the goods transfers to Sheffield Corp. upon delivery. Since both the Tamarisk purchase and the Sheffield sale were in transit at year-end, they should not be included in the December 31 inventory count.
To determine the correct inventory value for Vaughn Manufacturing on December 31, we need to consider the goods in transit and adjust the physical count accordingly.
Step 1: Include the goods purchased from Tamarisk, Inc.
Since the goods were FOB shipping point, they belong to Vaughn as soon as they were shipped. Therefore, we need to add the cost of these goods to the physical count.
$216,000 (physical count) + $30,000 (goods from Tamarisk) = $246,000
Step 2: Exclude the goods sold to Sheffield Corp.
Since the goods were FOB destination, they still belong to Vaughn until they are received by Sheffield. Therefore, we need to subtract the cost of these goods from the adjusted inventory value in step 1.
$246,000 (adjusted inventory from step 1) - $21,500 (goods sold to Sheffield) = $224,500
Thus, Vaughn should report its December 31 inventory as $224,500.
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A government has started a public works program. The program uses tax
money to hire workers to repair roads, build dams, and install power lines.
The government has also reduced the taxes businesses pay for each worker
they employ.
Which macroeconomic goal is this government trying to achieve?
O A. Decreasing per capita GDP
O B. Reducing unemployment
O C. Reducing inflation
O D. Increasing GDP
Answer:
B. Reducing unemployment
Explanation:
The government, in this case, is using expansionary fiscal policies to create employment. Hiring people to build dams, repair roads, and install power lines leads to an increase in the government's spending in the economy. Consequently, a higher number of people will be working and earning. Increased earnings cause the aggregate demand to rise.
A reduction in business taxes reduces production costs. Businesses will be able to increase production, expand, and hire more workers when the cost of doing business is low.
in a unionized firm, the clause of the collective-bargaining agreement typically retains for management the authority to impose reasonable rules for workplace conduct and to discipline employees for just cause.group of answer choicesemployee relationsimplied promisesorganizational supportmanagement rights
In a unionized firm, the collective-bargaining agreement typically includes a clause that allows management to retain authority over workplace conduct by imposing reasonable rules and regulations.
This clause also permits management to discipline employees for just cause. This provision is commonly known as management rights and is negotiated between the union and management during collective bargaining. It is important to note that while the union represents employees, it does not have the power to override management rights, as this is a critical component of the collective-bargaining agreement. Therefore, both parties must work together to ensure that workplace rules and regulations are fair and reasonable, and that disciplinary action is taken only when necessary and justified. This helps to promote positive employee relations, maintain organizational support, and uphold any implied promises made in the collective-bargaining agreement.
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online retailing is disadvantageous for marketers because it often: group of answer choices prevents one-on-one relationships with customers. leads to less shelf space as opposed to direct sales methods. limits assortment of products to be offered. squeezes profit margins due to strong price competition.
Online retailing is disadvantageous for marketers because it often squeezes profit margins due to strong price competition.
Electronic retail is often referred to as e-tail, internet retail, or online retail. In e-retail, a company or a person uses internet stores to sell retail goods and services. An online retailer may just have a digital presence, with no actual physical location that customers can visit.
The following are the primary drawbacks of e-tailing: insufficient physical experience establishing ties with customers is difficult, costs of construction and maintenance.
A professional e-commerce website costs money to plan, design, develop, host, secure, and maintain, especially if you anticipate high and rising sales volumes.
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what is one of the effects that the internet has had on bussiness?
when nominal interest rates are held below inflation rates, then households will have an incentive to
When nominal interest rates are lower than inflation rates, the rate of return on savings is lower than the rate of price rises. Households will have an incentive to spend rather than preserve money in this scenario.
This is owing to the fact that the value of their savings will depreciate over time due to inflation, and they will be able to buy fewer products and services with the same amount of money. When families are pushed to spend rather than conserve, aggregate demand rises, which stimulates economic development. Yet, if the economy is already at full employment, this might lead to price increases, exacerbating inflation. Conversely, if nominal interest rates are greater han inflation rates, households will have an incentive to save their money.
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which of the following best describes the study of economics? a. a study concerned with how to make money. b. a fuzzy combination of wall street an insurance. c. a study of how society uses its goods and services in determining the proper distribution of income. d. a study of how society uses its scarce economic resources in satisfying the unlimited desires of society.
The study of economics is best described as option C - a study of how society uses its goods and services in determining the proper distribution of income.
Economics is the social science that deals with the production, consumption, and distribution of goods and services. It is concerned with how individuals, businesses, and governments make choices about how to allocate resources to satisfy their wants and needs. Economics aims to explain how markets work, why prices fluctuate, and how different economic systems operate.
In particular, the study of economics is concerned with analyzing the trade-offs between competing alternatives, such as the costs and benefits of different policies, and how these decisions affect the distribution of income and wealth within society. This involves studying topics such as inflation, unemployment, economic growth, taxation, and government spending. Overall, the study of economics is a crucial field for understanding how our society functions and for making informed decisions about public policy. The correct option is C.
The complete question is:
Which of the following best describes the study of economics?
a. a study concerned with how to make money.
b. a fuzzy combination of wall street an insurance.
c. a study of how society uses its goods and services in determining the proper distribution of income.
d. a study of how society uses its scarce economic resources in satisfying the unlimited desires of society.
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Answer the following questions. i) Write down the important properties of ceramics. (2 points - 1 Mark) ii) Identify the type of ceramic that belongs to the siliceous stone and provide two examples of siliceous stones. (1.5 Marks) iii) Which type of ceramic is used to manufacture house bricks and explain the characteristics of that ceramic. (Minimum 2 points) - (1.5 Marks) (NOTE: Please write the answer in a paper and upload it in the separate submission link provided. ONLY HANDWRITTEN ANSWERS WILL BE CONSIDERED FOR EVALUATION.).
(i) The ceramics are excellent electrical insulators, which makes them suitable for use in electrical conductivity. (ii) Siliceous ceramics are ceramics composed mainly of silica. Flint and quartz are two common examples of siliceous stones.
i) Important properties of ceramics
Ceramics exhibit several unique properties, including:
Brittleness: Ceramics are hard and brittle and can break easily under tension, making them unsuitable for many applications. However, when exposed to compressive stress, they exhibit high strength and durability.
Thermal stability: Ceramics have a high melting point, making them useful in applications where high temperatures are expected.
Chemical resistance: Ceramics are highly resistant to chemicals, making them ideal for use in harsh environments.
Electrical insulator: Ceramics are excellent electrical insulators, which makes them suitable for use in electrical components.
ii) Type of ceramic that belongs to siliceous stone and examples
Siliceous ceramics are ceramics composed mainly of silica. Flint and quartz are two common examples of siliceous stones.
iii) Type of ceramic used to manufacture house bricks and its characteristics
The ceramic used to make house bricks is called brick clay. Its characteristics are:
Plasticity: It can be moulded into various shapes while wet and can be easily fired to produce a hard, durable brick.
Porosity: It has a high porosity, which allows it to absorb moisture, making it suitable for use in damp environments.
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