The correct option is: d. Competitive advantages of a firm, if any, will be short-lived.
In the given scenario, the companies, Widgets Inc., Gadgets Inc., and Whirligig Corp. are dealing in products that are simple to copy, which implies that their inventory lacks complexity and will have little influence on the customer's perceived value.
Thus, the resources of the firms do not create customers' perceived value. The companies employ comparable resources and capabilities to conduct their business. They are competing against each other in the industry; therefore, it can be assumed that the barriers to entry in the industry are low.
Consequently, the competitive advantage of the companies, if any, will not last long. Competitive advantages are often temporary because competitors can imitate and replicate a company's innovative products or services, which results in reduced market share.
When a company achieves a competitive advantage, competitors will try to imitate and surpass it by launching similar products or services that are better in quality or lower in cost. Thus, the competitive advantages of a firm, if any, will be short-lived.
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1. Your friend asks to borrow $50 and offers to pay you back with interest. What factors
would you consider in your decision to accept or decline their request?
The factors that you have to think about would before giving out the loan would be the following:
The loan periodThe ability to pay back the loanThe interest that is on the loanHow the money is to be returned.What is a loan?This is the term that is used to refer to an amount of money that would be given to a person that is the borrower by the lender for a period pf time and for them to pay back with interest.
To be able to determine if you are to give out a loan, you have to take the ability of the person to pay you back the amount as a fator.
Also you have to check the character of the person that you are to loan the money to.
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which motivation theory might explain one's need for financial security
The motivation theory that might explain one's need for financial security is Maslow's Hierarchy of Needs theory.
The theory states that there are five levels of human needs: physiological, safety, love/belonging, esteem, and self-actualization. As a person meets each level of need, they can move on to the next level.
Physiological needs are basic needs such as food, water, and shelter. Safety needs include security, stability, and freedom from fear.
Love/belonging needs refer to relationships with others and a sense of belongingness.
Esteem needs relate to self-esteem and esteem from others. Self-actualization needs refer to achieving one's full potential.
Financial security falls under the safety needs category. People need financial security to ensure that they have stability and freedom from fear about their future. They need to be able to cover basic expenses such as housing, food, and healthcare.
Without financial security, a person may experience anxiety and stress that could prevent them from meeting higher-level needs like self-esteem and self-actualization.
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this statement most appropriately describes startup biotech companies: a.Always succeedb.Always failc.Are riskyd.Do not perform R&De.Never run out of cash
The most appropriate statement to describe startup biotech companies would be "c. Are risky."
While there are cases where startup biotech companies succeed, it is not always the case. These companies require significant investment and carry a high level of risk due to the uncertainty of success in developing new drugs or therapies. Additionally, performing research and development is crucial to the success of these companies, but it can also be costly and time-consuming.
Running out of cash is a common problem for many startup biotech companies, as they often require large amounts of funding to continue operating and conducting research. Therefore, it is important for investors to carefully consider the risks associated with investing in startup biotech companies before making a decision.
Option c is correct answer.
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What is the economic outlook for occupations in the healthcare sector?
The economic outlook for occupations in the healthcare sector is generally positive.
The healthcare industry is one of the largest and fastest-growing sectors of the global economy, and it is expected to continue growing in the coming years.
The aging population, increased demand for healthcare services, and technological advancements in medicine are some of the factors driving this growth.
According to the Bureau of Labor Statistics (BLS), healthcare occupations are projected to add more jobs than any other occupational group between 2020 and 2030, accounting for about 16% of all new jobs.
Some of the fastest-growing occupations in the healthcare sector include nurse practitioners, physician assistants, healthcare administrators, and medical and health services managers.
In addition to strong job growth, many healthcare occupations also offer above-average salaries and benefits.
According to BLS data, the median annual wage for healthcare practitioners and technical occupations was $69,870 in May 2020, which was higher than the median annual wage for all occupations of $41,950.
Additionally, many healthcare employers offer competitive benefits packages, including health insurance, retirement plans, and paid time off.
Overall, the economic outlook for occupations in the healthcare sector is positive, with strong job growth and competitive salaries and benefits.
As the healthcare industry continues to evolve and expand, there will likely be many opportunities for individuals interested in pursuing a career in healthcare.
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The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. How many cords of wood would he have to split with this machine to break even
Answer:
The correct answer is "2000 units".
Explanation:
Given:
Fixed cost,
F = $50,000
Variable cost,
VC = $100 per unit
Price,
P = $125 per unit
Let the units to be sold be "x".
Throughout the case of breakeven,
⇒ \(Total \ revenue=Total \ cost\)
⇒ \(125x=50000+100x\)
On subtracting "100x" from both sides,
⇒ \(125x-100x=50000+100x-125x\)
⇒ \(25x=50000\)
⇒ \(x=\frac{50000}{25}\)
⇒ \(=2000 \ units\)
Summarize the information included on the inside and the outside of a voucher by selecting the correct items below. (Check all that apply.) Check all that apply. Terms of the purchase The name of the vendor to whom the money is owed The name of the account to debit for the payment A picture of the item or supplies purchased Date of the invoice
On the inside and outside of the voucher, the terms of the sale, the name of the vendor to whom the money is owed, and the name of the account to be debited for payment are typically listed. Here options A, B, and C are the correct answer.
Typically, the following items are included on the inside and the outside of a voucher:
A - Terms of the purchase: Vouchers often include the terms and conditions of the purchase, such as payment terms, discounts, and any special arrangements or agreements.
B - The name of the vendor to whom the money is owed: Vouchers usually state the name of the vendor or supplier from whom the goods or services were purchased. This helps in identifying the recipient of the payment.
C - The name of the account to debit for the payment: Vouchers typically mention the specific account that will be debited for the payment. This ensures accurate accounting and helps in tracking the expenses associated with the transaction.
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Complete question:
Which of the following items are typically included on the inside and the outside of a voucher? (Check all that apply.)
A - Terms of the purchase
B - The name of the vendor to whom the money is owed
C - The name of the account to debit for the payment
D - A picture of the item or supplies purchased
E - Date of the invoice
1._____________is the difference between earned income and costs. 2. An organization that produces or distributes a good or service for profit is called a __________
Answer:
1. Profit
2. Business
Explanation:
Profit may be defined as the income which is distributed to the owner in the production process of a profitable market. In other words it is the extra revenue generated by the company that is in excess of the money spend as expenses. It is the difference between the earned income and the costs.
Business is a regular work or occupation or trade of a person. It refers to an organized efforts as well as the activities of any individual to produce the goods and services and sell them for a profit.
If a society allocates resources so that it produces efficiently, then it is producing at a point A. on its production possibility frontier that is the most-desirable. B. on its production possibility frontier but not necessarily the most- desirable point. C. outside its production possibility frontier. D. that maximizes its economic growth.
If a society allocates resources so that it produces efficiently, then it is producing at a point B. on its production possibility frontier but not necessarily the most-desirable point.Production Possibility Frontier (PPF) or Production Possibility Curve (PPC) is the graphical representation of the various combinations of two goods or services that can be produced by an economy with the given resources and technology.
PPF demonstrates the production efficiencies and the opportunity cost of a particular production process by showing the maximum output that can be obtained by the economy and the opportunity cost for sacrificing one good for the other.
PPF can be straight or curved depending upon the nature of the opportunity cost. The slope of the PPF demonstrates the opportunity cost between two goods that is how much of one good is being sacrificed to produce another.
If the society allocates resources so that it produces efficiently, then it is producing at a point B. on its production possibility frontier but not necessarily the most-desirable point.
The point B is considered to be the optimal level of production as it represents the perfect use of available resources and technology without any waste or inefficiency. However, it is not the most desirable point as the society might prefer to produce more of one good than the other depending upon the social preference.
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identify which group of accounts may require adjustments at the end of the accounting period.
Answer:unearned revenue, Supplies, prepaid rent
Explanation:
sandy has $829.04 to convert into euros. how many more euros would sandy have if she made her trade on the day with the most favorable exchange rate than if she made her trade on the day with the least favorable exchange rate? round all currencies to two decimal places.
Sandy would have €55.96 more if she made her trade on the day with the most favorable exchange rate than if she made her trade on the day with the least favorable exchange rate.
To calculate this, you first need to convert Sandy's $829.04 into euros using the most and least favorable exchange rates. At the most favorable exchange rate, $829.04 is equal to €742.64. At the least favorable exchange rate, $829.04 is equal to €686.68.
Then, take the difference between these two values, which would be €742.64 - €686.68 = €55.96.
Therefore, Sandy would have €55.96 more if she made her trade on the day with the most favorable exchange rate than if she made her trade on the day with the least favorable exchange rate.
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Your credit limit is $1,500.
You don't pay your card off each month like you should.
What is the max you can safely charge on this card?
S
Your credit limit is $2,000.
You don't pl your card off each month like you should.
What is the max you should ever owe on this card?
S
your credit limit is $300.
You do pay your card off in full each month.
What is the max you can safely charge on this card?
your credit limit is $500.
You don't pay your card off each month like you should.
What is the max you should ever owe on this card?
S
7
If the card limit is not reached, the most amount you can securely charge is $1,500.
$1500.00 is a reasonable credit limit.A credit limit of $1,500 is the best if your credit is fair to good because it is significantly higher than the lowest amount that is offered while still being considerably lower than the highest. Credit card limits generally range from $13,000 to $20,000 per card. You typically require excellent or good credit, a high income, and little to no debt in order to be granted a limit that high.
What's the maximum amount that can be put on a credit card?The credit card limit refers to the maximum amount you are able to charge on a given card. You are able to hold a balance on your credit card up to the amount of the card's $5,000 limit, for instance.
If the card limit is not reached, the highest amount that can be charged without risk is $1,500.If the card limit hasn't been reached, you can safely charge up to $2,000 on this card.Your credit line is $300. You do pay off your credit card in full each month. You can only securely charge $300 on this card in total.Your credit line is $500. You don't reduce the balance on your credit card as much as you ought to every month. You should never owe more than $25 on this card.Learn more about credit card: https://brainly.com/question/30699353
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APR is typically higher than the interest rate because
*
1 point
APR is only associated with smaller loans
the interest rate only factors in the principle
interest rate is a better picture of the coast as a whole
APR includes fees and other costs
Answer:mk
Explanation:km
Choose a company you frequently buy from.
For example: Nike, McDonald's, Wawa
Now, identify that company's target market and marketing mix.
What term best describes the borrower who is personally liable for a debt obligation related to the purchase of a home?.
It can be deduced that a situation where the borrower is personally liable for a debt obligation when buying a home is known as a recourse loan.
What is a recourse loan?It should be noted that a recourse loan simply means a situation when the borrower is personally liable for payment of all amounts that are due under the terms of the note.
In this situation, when a property that is encumbered by a mortgage is sold for an amount that is more than the value of the mortgage, then the mortgagor will not be obligated to pay the mortgagee the balance that's remaining.
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The Food and Drug Administration sets standards for
O advertising.
O product labeling.
O the environment.
O traffic safety.
Answer:
B. Product Labeling
Explanation:
From quizlet
The Food and Drug Administration sets standards for product labeling.
What is product labeling?Product labeling is the details information of what a products entails and this is often writing on the product.
Product labeling is an important standards set by Food and Drug Administration as this help the consumer to be know the following:
The product ingredientHow healthy or unhealthy the product are etcInconclusion the Food and Drug Administration sets standards for product labeling.
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who was the 20th president
Answer:
Of what country? Philippines or US or what??
Answer:
Kuroo Here!
Explanation:
It was James A. Garfield
Hope This Helps!! (^ '--')
as the official is bouncing the ball to thrower-in a-1, b-1 requests a time-out. official denies the request, stating when they release the ball to the thrower -in then team a now has team control. is the official correct?
No, the official is not correct in denying request, stating when they release ball to thrower.
Who is an official?An official is someone who participates in the exercise of authority (either their own or that of one‘s superior and/or employer, public or legally private), holds an office (function or mandate, regardless of whether it comes with an actual working space) within a company, government, or other organization. A person who has been elected into office is said to be an elected official. Ex officio appointments are another option for officials (by virtue of another office, often in a specified capacity, such as presiding, advisory, secretary). It's possible to inherit some government posts. An incumbent is a person who is currently in a position of authority. As in official language, official gazette, or official scorer, "official" indicates to something that has received acknowledgment from the government or another authorized body.
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FILL IN THE BLANK. In regard to potato chips, marginal utility is the _____________ satisfaction from eating ___________ potato chip(s). "additional; one more""Marginal"" means additional. Marginal utility is the additional satisfaction gained from eating one additional, or marginal, potato chip."
In regard to potato chips, marginal utility is the "additional satisfaction from eating one more potato chip." The term "marginal" refers to something additional, incremental, or at the edge. In the context of economics and consumer behavior, "marginal utility" is a concept that helps us understand how the satisfaction or utility a person derives from consuming a product changes as they consume more of that product. In this case, the product in question is potato chips.
When a person eats one potato chip, they gain a certain level of satisfaction or utility from it. As they continue to eat more chips, the marginal utility represents the additional satisfaction they receive from consuming each subsequent chip. In general, marginal utility tends to decrease as more units of a good are consumed, which is known as the law of diminishing marginal utility. This means that as you eat more potato chips, the additional satisfaction you get from each new chip will likely decrease.
Understanding the concept of marginal utility is essential for making informed decisions as a consumer and for businesses to analyze consumer behavior and demand. It helps to determine the optimal point of consumption, where the satisfaction gained from consuming one more unit equals the cost of acquiring that unit.
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Which condition is a result of open competition in a free market system?
A. Poor customer service
B. Government regulation
C. Higher prices
D. Higher quality goods
A result of open competition in a free market system is higher quality goods (option D).
What is the result of open competition?
Competition is when there are many producers operating in a particular industry. Competition is high in purely competitive markets and low in a monopoly. This is because in a pure competition, there are many producers while there is only one producer in a monopoly.
Due to the high level of competition in an industry, prices would be more likely to be low. This is because producers would want to attract more consumers by fairly pricing their goods. Also, producers would want to offer good customer service in order to retain consumers as there are many competing producers in the market. High quality goods are also a way to attract an retain customers.
A free market system is a market system where prices are set by the forces of demand and supply. There is no government regulation in this type of market.
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prepare a statement of retained earnings for the year ended december 31. the retained earnings account balance was $4,500 on december 31 of the prior year. sierra company
Retained earnings, December 31 prior year end $35,800
Add: Net income $11,500
Total $47,300
Less: Dividends $4,000
Retained earnings, December 31 current year end $43,300
Therefore, the retained earnings of Sierra Company for the year ended December 31 is $43,300.
Full question "Prepare a statement of retained earnings for the year ended December period. SIERRA COMPANY Statement of Retained Earnings Retained earnings. December 31 prior year end Add: Net income 11,500 28,300 Less: Dividends 39,800 4,000 Retained earings, December 31 current year end $ 35,800
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On his marvel company team, sam wilson is "the motivator. " he’s always encouraging his teammates to work harder and try to perform better. Which of belbin’s team roles is sam enacting?.
Sam Wilson's Marvel Corporation team refers to him as "the motivator" since he consistently encourages his coworkers to put in more effort. Belbin team members play "shapers" duties. Sam is enacting.
What is Belbin's theory of team roles?The three action-oriented roles are shaper, implementer, and finisher; the three people-oriented roles are coordinator, teamworker, and resource investigator; and the three cerebral roles are plant, monitor, and evaluator. According to Belbin's theory, a team role is "a tendency to behave, contribute, and interrelate with others in a particular way."As our experience, functional position, and working environment evolve over time, so can our team roles.Although a total switch of duties is unusual, you can notice that team roles change your profile up or down.To learn more about Belbin's theory refer,
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In the third stage of the B2B buying process, a firm will administer a request for proposals (RFP) in which ______ will bid on providing products or services to meet the firm's product specifications.
In the third stage of the B2B buying process, a firm will administer a request for proposals (RFP) in which suppliers will bid on providing products or services to meet the firm's product specifications.
What is B2B buying process?B2B buying process refers to the series of events or steps that a buying firm takes when procuring goods or services from a supplier. This is different from the B2C buying process, which is a series of events that a consumer or customer goes through to purchase products or services.B2B buying process is generally broken down into six steps:Recognition of a needSpecification of the product or serviceRequest for proposal (RFP)Evaluation of proposalsPurchase decisionPost-purchase evaluationIn the third step, the firm will administer an RFP. An RFP is a document that outlines the specific needs and requirements of the buying firm.
It is sent to suppliers who may have the capacity to provide the product or service. These suppliers then submit a proposal that outlines how they intend to meet the buyer's needs. The proposal includes information on the products or services, price, delivery, warranties, and other relevant terms and conditions.The buying firm evaluates the proposals from suppliers and makes a decision on which supplier to choose. The supplier that provides the best proposal will be awarded the contract to provide the product or service.
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"All the profession/occupations are equally important" How and why?
Answer:
How: All proffessions and occupations have their various fields and all fields are needed to work together for the effective growth of an economy.
Why: An economy comprises of fields in which the various occupations are embedded in. For the success of an economy all fields must work together. That is no field or occupation is more important than the other
The amount of time needed for the cash flows from an investment to pay for its initial cost is the _____ period.
The payback period is the length of time required for the cash returns from an investment to offset its initial cost.
By payback period, what do you mean?The length of time needed to repay the initial monetary investment is known as the payback period. In other terms, it is the length of time that passes after a machine, facility, or other investment generates enough net income to pay its costs.
What is the time frame for an investment to produce enough cash flows to recoup its initial investment?The time it takes to recover the money invested is used to calculate the payback period, which ignores the time value of money. For instance, the payback period is five years if it takes five years to recoup the cost of an investment.
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Consider the two (excess return) index model regression results for A and B:
RA= -1.1% + 0.95RM
R-square= 0.488
Residual standard deviation = 9.2%
RB = 0.4% + 1.4RM
R-square = 0.576
Residual standard deviation = 12.5%
a. Which stock has more firm-specific risk? Stock B Stock A b. Which stock has greater market risk? Stock B Stock A
b. Which stock has greater market risk? Stock B Stock A
c. For which stock does market movement has a greater fraction of return variability? Stock B Stock A
d. If rf were constant at 8% and the regression had been run using total rather than excess returns, what would have been the regression intercept for stock A?
(Negative value should be indicated by a minus sign. Round your answer to 2 decimal place.)
a. Stock B has more firm-specific risk. Firm-specific risk is captured by the residual standard deviation, and Stock B has a higher residual standard deviation of 12.5% compared to Stock A's 9.2%.
b. Stock A has greater market risk. Market risk is captured by the coefficient of RM (the market return) in the regression equation. Stock A has a coefficient of 0.95, indicating that it is more sensitive to market movements, while Stock B has a coefficient of 1.4.
c. For Stock B, market movement has a greater fraction of return variability. This can be determined by comparing the R-square values of the two stocks. Stock B has an R-square of 0.576, indicating that 57.6% of the return variability is explained by the market movement. Stock A has an R-square of 0.488, indicating that 48.8% of the return variability is explained by the market movement.
d. If rf were constant at 8% and the regression had been run using total rather than excess returns, the regression intercept for Stock A would be the risk-free rate, which is 8%.
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when a party to a contract is of proper age and mental competence, it is said that he or she has
When a party to a contract is of proper age and mental competence, it is said that he or she has legal capacity to enter into the contract. Legal capacity refers to the ability of an individual to enter into a binding agreement.
This means that the person understands the terms of the contract and the consequences of entering into it. Legal capacity is important because if a party lacks it, the contract may be void or voidable. Age and mental competence are two factors that are taken into consideration when determining legal capacity.
Generally, individuals who are over 18 years old and of sound mind are considered to have legal capacity to enter into contracts.
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In equilibrium, with diminishing marginal products, the slope of the ppf is equal to?
Answer:
the ratio of prices for the products, the slope of the highest possible indifference curve, and the ratio of the marginal products of labor
Explanation:
In equilibrium, with diminishing marginal products, the slope of the PPF is equal to the ratio of prices for the products, the slope of the highest possible indifference curve, and the ratio of the marginal products of labor. Thus, option D is correct.
An economic principle that managers frequently take into account while managing productivity is the law of diminishing marginal productivity. The general idea is that advantages gained from small improvements on the input side of the production equation will only advance somewhat per unit and may level off or even diminish after a certain point.
With marginal gains in output return per unit generated, the law of declining marginal productivity is involved. There are several names for it, including the law of diminishing marginal product and the law of diminishing marginal return.
It is consistent with the majority of economic theories that employ marginal analysis. In economics, marginal increases are frequently seen, demonstrating a declining rate of pleasure or gain from increasing units of consumption or output.
Therefore, option D is the ideal selection.
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Your question seems to be incomplete, but most probably the complete question was:
In equilibrium, with diminishing marginal products, the slope of the PPF is equal to:
A
the ratio of prices for the products
B
the slope of the highest possible indifference curve
C
the ratio of the marginal products of labor
D
the ratio of prices for the products, the slope of the highest possible indifference curve, and the ratio of the marginal products of labor
Help
Select the correct answer.
A farmer uses one pound of fertilizer to grow crops on his land. He decides to increase the amount of fertilizer added to the soil to three pounds to obtain a greater yield. The size of the garden and the amounts of seeds, water, and sunlight remain the same. The farmer keeps increasing the amount of fertilizer (to four, five, and six pounds, etc.), and continues to gain higher yields. However, since the other factors of production remain constant, the increase in crop yield is lower than the increase in a single factor of production (fertilizer). What is the term for this phenomenon?
A.
economic order quantity (EOQ)
B.
law of diminishing returns
C.
economy of scale
D.
labor productivity
E.
production control
Answer:
E
Explanation:
it most likely is production control
Which of these is a reason why a company may want to recruit internally? A Better chance of fresh ideas o B. Broader experience within the industry c. Familiarity with the company mission D. Saving money on salaries
Answer:
C. Familiarity with the company mission.
Explanation:
As a corporate director, I tend to seek talent within our organization for this very reason. Long term team members whom plan on growing with our organization are, at times, best suited for roles above their current level due to their loyalty and familiarity with the company mission. Promoting within gives great culture to a company and adds to overall moral.
1.4 Why is Canada considered to have a branch-plant economy?
Answer:
Manufacturing companies set up branch plants to serve the Canadian market, thereby avoiding high freight costs and import duties.
Explanation:
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