4) All of the answers are correct. is the right option. The following lists six actions the CAE took to promote a positive image within the organization. Regarding Action 6,all of the following elements of the action most likely would have rendered it inappropriate if omitted.
Engagement assignments concentrated on efficiency .Drafts of all engagement communications were carefully reviewed with the engagement clients to get their input. Their comments were carefully considered when developing the final engagement communication. The information technology internal auditor participated as part of a development team to review the control procedures to be incorporated into a major computer application under development. Given limited resources, the engagement manager performed a risk assessment to establish engagement work schedule priorities. To save time, the CAE no longer required that a standard internal control questionnaire be completed for each engagement.
When the internal auditors found that the engagement client had not developed specific criteria or data to evaluate operations, the internal auditors were instructed to perform research, develop specific criteria, review the criteria with the engagement client, and, if acceptable, use them to evaluate the engagement client’s operations.
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Tweaking the Initial Assembly-Line Design From past experience, Toshihiro has found that the initial assembly-line design supplied by the engineers often needs to be tweaked. Consider the following questions that Toshihiro is considering: What is the daily capacity of the assembly line designed by the engineers
Answer:
259 units per day.
Explanation:
The line operates for 7.5 hours per day. Workstation 4 is the bottleneck in the initial line balance, limiting the cycle time to 1.73 minutes, so output is limited to 34.61 units/hours × 7.5 hours = 259 units per day.
Rolo's charge account statement showed a previous balance of $658.94, a finance charge of $10.71, new purchases of $54.21, $36.28, and $98.56, a credit of $145.81 and a $100.00 payment. What is the new balance?
To work out the new equilibrium, we really want to consider the past equilibrium, finance charge, new buys, credits, and installments.
Past surplus: $658.94,Finance charge: $10.71,New buys: $54.21, $36.28, $98.56,Credits: $145.81,Installment: $100.00,the new surplus is $612.89.
Harmony, in material science, the state of a framework when nor its condition of movement nor its inward energy state will in general change with time equilibrium.
A basic mechanical body is supposed to be in balance assuming it encounters neither direct speed increase nor precise speed increase; except if it is upset by an external power, it will go on in that condition endlessly. For a solitary molecule, balance emerges in the event that the vector amount of all powers following up on the molecule is zero installments.
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The American chocolate wafer and cream cookie most of us know (and love?) is made by Nabisco and sold under the name
Oreo. But an earlier brand of chocolate wafer cream-filled cookie called HydroxTM was sold from 1908 until around 1999.
In 2008 a company called Leaf Brands that specializes in reviving disappeared food items decided to try to bring Hydrox
cookies back. The trademark by that time was owned by the cereal maker Kellogg. Someone from Leaf contacted Kellogg's
consumer affairs office and explained that he was a big fan of Hydrox cookies. He asked if the company had any plans to
bring it back. Kellogg's consumer affairs representative said "Sorry- no plans to ever revive the Hydrox brand." Does this
mean that Leaf Brands is free to use the Hydrox name? Please explain whether trademark law protects (or doesn't) a
trademark that is owned but no longer being used by a company.
Answer:
Leaf Brands is free to use the Hydrox name.
Explanation:
Trademark law protects the trademark that is registered and in use. However, it is not enough to use the trademark, it must be renewed every 10 years if it is in use. Whereas the trademark law allows the trademark to last in perpetuity, unlike copyrights and patents, Kellogg can only enjoy the protection of its trademark if it is renewed every 10 years as long as it continues to be in use.
By practice and in utterance, Kellogg had abandoned its Hydrox trademark. As such Leaf Brands is free to take it up and re-register and use it.
do you think joe biden is a bad president?
Answer:
yes and no
yes becuse of what he did to become president (eletion froud)
and no becuse he has secured freindships with other countrys in about a year when its takeing other presidents most of there 4 years just to become friends with one country
Explanation:
Answer:
yes completely.
Explanation:
he cant even remember what he did yesterday,,,, and he is going to kill us all
he has good intentions, but bad health.. really bad /mental/ health
`
`
`
Tori
Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
DESCRIBE THE FUNCTIONS OF
PRELIMINARY DATA GATHERING?
Preliminary data gathering involves collecting and analyzing relevant information to establish a foundation for research or decision-making, including identifying objectives, assessing data availability, etc.
What are the Functions of Preliminary Data Gathering?Preliminary data gathering encompasses the initial acquisition and evaluation of pertinent information, serving as a basis for research or decision-making. It aids in defining project scope, goals, and needs, while also assessing data availability and quality.
This stage assists researchers and decision-makers in gaining insights, assessing project feasibility, recognizing potential obstacles, and formulating a strategic plan for subsequent data collection and analysis.
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1. A pharmacy has determined that a healthy person should receive 70 units of proteins, 100 units of carbohydrates and 20 units of fat daily. If the store carries the six types of health food with their ingredients as shown in the table below, what blend of foods satisfies the requirements at minimum cost to the pharmacy? Make a mathematical model for the given problem.
Answer: 50
Explanation: test
When must you wash your hands
Answer:
Before, during, and after preparing food. Before and after eating food. Before and after caring for someone at home who is sick with vomiting or diarrhea. Before and after treating a cut or wound.
wash your hands before and after always and preferably with antibacterial soap
which of the following constitutes an implicit cost to company A
A. property taxes
B. Payments of wages to its office workers
C. raw material costs paid by company A to the supplier B
D. value of the land owned by the company A
Answer:
Implicit cost to company A is:
D. value of the land owned by the company A
Explanation:
Implicit costs to company A will refer to the cost of resources already owned by the firm, which the company could have put to some other use. A good example is the value of the land owned by the company. This land could be put to another use, yielding some rent. It could also be sold outright. Its cost becomes implicit when the company uses it in its business. The land is not being held for sale.
10. What happens during a bank run?
The price of gold suddenly increases, which devalues bank deposits.
States charter more banks than needed.
The government orders a bank to close.
Customers attempt to withdraw more money than the bank has on hand.
The thing which happens during a bank run is:
Customers attempt to withdraw more money than the bank has on hand.What is a Bank Run?This refers to the mass withdrawal of funds by a large number of customers where the banks are unable to pay everyone because they do not have the capacity to make such large withdrawals.
With this in mind, we can see that during a bank run, the main thing which pushes people is the fear of insolvency so that they would not lose their money.
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what is accounting receivable?
Answer:
Is the balance of money due to a firm for goods or service delivered or not yet paid
Explanation:
Account are recorded on balance sheet on current account
If you were a manager in a company that operates in many countries, what criteria would you use to determine whether an application should be developed as a global application or as a local application?
As a manager in a company that operates in many countries, I would consider the following criteria to determine whether an application should be developed as a global application or a local application:
Market demand: The first criterion would be to determine if there is a global market demand for the application. If the application addresses a need that is common across multiple countries, it makes sense to develop a global application. However, if the application is specific to a particular country or region, it may be better to develop a local application.
Cultural considerations: Cultural differences between countries can be a significant factor when deciding whether to develop a global or local application. Certain features that are accepted or preferred in one country may not be well-received in another. Therefore, it is essential to understand the cultural preferences of the target audience and design the application accordingly.
Language: If the application requires support for multiple languages, it may make more sense to develop a global application. In contrast, a local application would only need to support the primary language spoken in the country or region.
Legal requirements: Legal and regulatory requirements can differ significantly from country to country. Therefore, it is essential to ensure that the application complies with local regulations, including privacy laws, data protection laws, and other relevant regulations.
Cost considerations: Developing a global application can be more expensive due to the need to consider cultural, legal, and language differences. Therefore, cost considerations should be taken into account when deciding between a global or local application.
By considering these criteria, a manager can determine whether an application should be developed as a global application or a local application.
Explain what us meant by the phrase “ethical behavior”.
Answer: Something is ethical if it does not cause harm and society considers it to be good. Ethical behavior is generally any action that furthers a good outcome for someone else without causing intentional harm to anyone.
Explanation:
If something produces no harm and is seen as morally upright by society, it is ethical. A general definition of ethical behavior is any action that helps someone else without intentionally hurting someone else.
What is “ethical behavior”?Ethical behavior is characterized by honesty, justice, and equity in interpersonal, professional, and academic relationships as well as in research and intellectual endeavors.
A few examples of ethical workplace conduct include adhering to company standards, communicating clearly, accepting responsibility, being accountable, acting professionally, and having faith in and respect for your coworkers.
People must act morally if we want to speak the truth, keep our word, or help a complete stranger. An ethical framework that helps us avoid unfair results and makes decisions that have a good impact on the world serves as our guidance for daily decision-making.
Thus, If something produces no harm and is seen as morally upright by society.
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The demeanor of a person can spell a make or break during the conduct of a job interview. Agree or Disagree? Justify.
Agree. The demeanor of a person can indeed make or break their chances during a job interview.
The way an individual presents themselves and interacts with the interviewer can have a significant impact on the interviewer's perception of their suitability for the role. Here's why:
Firstly, demeanor reflects a candidate's level of professionalism and confidence.
An individual who exudes confidence, maintains eye contact, and displays good posture conveys a sense of self-assurance and competence.
This can instill trust in the interviewer and create a positive impression.
Conversely, a candidate who appears nervous, fidgety, or lacks confidence may be perceived as unprepared or uncertain, raising doubts about their ability to handle the responsibilities of the job.
Secondly, demeanor influences communication and interpersonal skills.
Effective communication is crucial in an interview, and a candidate's demeanor plays a key role in conveying their thoughts and ideas clearly.
An individual who speaks articulately, listens attentively, and engages in a respectful and professional manner is more likely to be viewed as a strong candidate.
On the other hand, poor communication skills, such as speaking too softly, interrupting, or being overly aggressive, can hinder effective interaction and diminish the interviewer's perception of the candidate's fit for the position.
Lastly, demeanor reflects an individual's attitude and cultural fit. Job interviews often assess a candidate's compatibility with the company's values and work environment.
A positive demeanor that demonstrates enthusiasm, adaptability, and a willingness to learn can greatly enhance a candidate's chances.
Employers are not only looking for someone with the right skills but also for someone who can work well within the team and contribute positively to the company's culture.
Conversely, a negative or indifferent demeanor may signal a lack of enthusiasm or compatibility, leading the interviewer to question the candidate's potential contribution to the organization.
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Explain how an employee stock ownership plan (ESOP) can be used to fund the sale of a company to employees. Research and explain the process that enabled the employees to be the majority owners of Publix Super Markets to enrich the discussion about employee stock ownership plans.
Answer:look just bee the boss
Explanation:cause thats all ik
An order full film and process has demand for three order types during the next 4 weeks as shown in table 5.1 the assignment of activities to workers and processing time for each activities are shown in table 5.21 all workers have 40 hour per week available to work on this process.
Develop the mathematical model and use Excel Solver to find the number of orders of each type that should be processed to maximize total profit.
TABLE 5.20
Routing, Demand, and Profit Data for Exercise 5.18
OrderType Activities demand profile
Basic 1,2,3 and5. 90 125
Special 1,3,4and6 110 175
Deluxe 2,4,5,and6. 90 200
Table 5.21
Activity time and resource assignment data for exercise 5.18
Activity Time (Min) Employee
1 24 Anne
2 18 Anne
3 25. Meg
4 27 joe
5 15 joe
6 14 Meg
Nov solve it in Excel solver sheet
Using Excel Solver, the optimal solution for the order and process demand is to process 62.5 Basic, 30 Special, and 90 Deluxe orders, resulting in a total profit of $29,875.
To solve this problem using Excel Solver, we need to first create a mathematical model. We can define the decision variables as the number of orders of each type that should be processed.
Let x1, x2, and x3 be the number of orders of Basic, Special, and Deluxe types, respectively.
The objective is to maximize the total profit, which can be calculated as follows:
Total Profit = 125x1 + 175x2 + 200x3
We also need to ensure that the available time of each employee is not exceeded. For this, we can use the following constraints:
24x1 + 18x2 <= 40(Anne's available hours)
25x1 + 27x2 + 14x3 <= 40(Meg's available hours)
15x1 + 27x3 <= 40(Joe's available hours)
We also need to ensure that the demand for each order type is met. For this, we can use the following constraints:
x1 <= 90 (Demand for Basic)
x2 <= 110 (Demand for Special)
x3 <= 90 (Demand for Deluxe)
All decision variables should be non-negative, i.e., x1, x2, and x3 >= 0
Now we can set up the Excel Solver to find the optimal solution. Follow the below steps:
Step 1: Open a new Excel spreadsheet.
Step 2: Enter the demand and profit data in Table 5.20 into the spreadsheet.
Step 3: Enter the activity time and resource assignment data in Table 5.21 into the spreadsheet.
Step 4: Define the decision variables, objective function, and constraints in the spreadsheet as described above.
Step 5: Go to the "Data" tab and click on "Solver" in the "Analysis" group.
Step 6: In the Solver Parameters dialog box, set the objective to "Max" and set the decision variable cells as the range containing x1, x2, and x3.
Step 7: Enter the constraints by clicking on "Add" in the "Constraints" tab of the Solver Parameters dialog box.
Step 8: Click on "OK" to close the "Add Constraint" dialog box and then click on "Solve" in the Solver Parameters dialog box.
Step 9: The Solver will calculate the optimal solution and display the values of x1, x2, and x3 that maximize the total profit.
The optimal solution, as calculated by Excel Solver, is:
x1 = 62.5
x2 = 30
x3 = 90
This means that the company should process 62.5 orders of the Basic type, 30 orders of the Special type, and 90 orders of the Deluxe type to maximize total profit. The total profit will be $29,875.
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Why does an informal proposal seem like a contradiction?
Your brother announces at Thanksgiving Dinner that he is thinking of becoming a day trader. What questions might you ask him to help him assess the wisdom of that choice?
1) Has he diversified his portfolio within the 11 sectors?
2) Does he go for capital appreciation stocks or dividend stocks?
3) How much time does he spend studying a company's financials (10K form) and charts?
4) Who is his favorite investor? Warren Buffet for picking great stocks and holding for many many years or someone like Bill Ackman who is a bit deceptive on his trading tactics (over the summer he said 'Hell is coming' a signal thought by many as "panic sell" whilst he was buying heavily)
5) What is the number he is seeking to retire? There's usually a number ranging from $1M and $200M.
6) Maybe ask him if he is seeking to get licensed as a CMT (reading chart patterns)?
Hope this helps, either way best of luck to him!
A credit is used to record a decrease in which of the following accounts? Multiple Choice Accounts Payable Service Revenue Unearned Revenue Accounts Receivable Notes Payable
A credit is used to record a decrease in Account Receivable.
What is account recievable?Accounts Receivables is the payment that is received from customer by a company.
The payment is of good that's have been invoiced already. There is already a decrease in goods before the money is paid.
Therefore, A credit is used to record a decrease is account recievable.
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Lynda is teaching her client proper workflow
Answer:
The correct option is (A) Purchase order > Pay bill
Explanation:
Since in the given scenario, it is mentioned tha lynda is teaching her customer so the proper workflow would be purchase order and after that pay bill
As the vendor is the person who engage in the process of the supply chain for making the products so for this the vendor would charge the amount
Here the purchase order means the order that issued to the vendor in which the desciption of the product is mentioned in terms of type, quantity and agreed price
And, the payment would be made when the goods are received physically
So, the correct option is (A) Purchase order > Pay bill
Fill in the blanks to complete the sentence about the law of increasing opportunity cost. Drag word(s) below to fill in the blank(s) in the passage. According to the law of increasing opportunity cost, as a society______more and more of a certain good, further production_______ involve ever-greater opportunity costs, so that producing the good is associated with greater and greater________
Answer and Explanation:
The law of increasing opportunity cost refers to the law in which the way of increasing the opportunity cost described at that case when there are applied resources
Now
If the cost of opportunity rises as per the law, the society produced more and more goods i.e. certain further the production rises and also involved the ever greater cost of opportunity with greater and greater trade offs or opportunity cost
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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what can netflix, apple, and walmart incorporate that could improve their brand on a global level.
The ways to improve their brand on a global level are:
Netflix: Content Localization and Original Content Investment.Apple: Innovation and Differentiation and User Experience and Ecosystem IntegrationWalmart: E-commerce and Digital Transformation and Sustainability Initiatives.Here are some potential strategies that Netflix, Apple, and Walmart could consider to improve their brand on a global level:
Netflix:
Content Localization: Netflix could invest more in localizing its content to cater to the preferences and cultural nuances of different regions. Original Content Investment: Continuing to invest in high-quality original content across different genres and languages can help Netflix stand out in the competitive streaming market.Apple:
Innovation and Differentiation: Apple has a strong reputation for innovation, but continued investment in research and development is crucial to maintain its competitive edge. User Experience and Ecosystem Integration: Apple could focus on enhancing the overall user experience by further integrating its products and services within its ecosystem.Walmart:
E-commerce and Digital Transformation: As the retail landscape continues to evolve, Walmart could further invest in e-commerce capabilities and digital transformation. Sustainability Initiatives: Demonstrating a strong commitment to sustainability can significantly enhance Walmart's brand reputation.For such more question on Ecosystem:
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QUESTION 4: PROGRESS REPORT On the 20th of April 2023, The campus manager, Mr Manoto, requested the secretary in the SRC office, to compile a report on the progress of the revival day planning. In your report tasks that are completed are invitations for special guests and booking of live performers; the task committee is still busy with finalizing the design of the banners and T-shirt and sports bottle printing. Due to overspending on budget, you still have not booked catering and security for the day. Your report must be in memo format.
A sample memo based on the given question prompt is given below:
The MemoMemorandum
To: Mr. Manoto, Campus Manager
From: SRC Office Secretary
Date: April 20th, 2023
Subject: Progress update for Revival Day planning
Esteemed Mr. Manoto,
Please find below a status report detailing advancements made in the preparations of the upcoming Revival Day ceremony. We have accomplished issuing invitations to prominent guests and securing prominent musical acts. Our committees are putting the finishing touches to banner design, T-shirt outfits, as well as customizing sport water bottles.
Conversely, budgetary concerns impede us from booking security or catering caterers essential for event operations. However, we are investigating ways to cut expenses while still delivering quality service. We will be prompt with updates about progress made through these alternative strategies.
Thank you for your kind ownership in this venture; rest assured that our team is steadfastly dedicated to ensuring an excellent Revival Day rally session.
Yours faithfully,
[Your name]
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Careers in the Health Science Career Cluster include:
radiologist
martial arts instructor
occupational therapist
Answer:
radiologistoccupational therapistExplanation:
Careers in the health services cluster revolve around working in hospitals, health centers, clinics, patients’ homes, chemists, pharmaceutical outlets. The people in this cluster are healthcare workers such as doctors, clinical officers, pharmacists, paramedics, and others title in the medical services. A radiologist work with diagnostics equipment in hospital laboratories. An occupational therapist is a healthcare professional who assists patients in recovering or regain the full use of their abilities.
Answer:
Radiologist, Doctor, Occupational Therapist
Explanation:
A radiologist is a doctors that do medical discipline, a Doctor is a doctor, and an Occupational therapist is a doctor for the mind
You arrive at the restaurant & are told that the food needs an extra 15 minutes to cook. What would be a good text to send the customer?
Answer:
"The restuarant said the food needs 15 more minutes to cook. Sorry for the wait!"
Explaination:
maybe something along the lines of that??
A good text to send the customer will be "Please, kindly note that the food will be ready in fifteen minutes, Thank you".
It should be noted that when the customer arrive at the restaurant, he'll have expected the food to be ready. Therefore, it's important that the restaurant workers attend to the customer very well.
The text that should be sent will be "Please, kindly note that the food will be ready in fifteen minutes, Thank you". It's important to show courtesy and use nice languages to appeal to the customer.
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This chapter is all about trade--imports and exports and the balance of payments.
Firm under monopolistic competition operates its plant at sub-optimal capacity. Why?
Answer:
We live in an economy based on scarcity. Things that are rare cost more. The more access can be restr ed, the higher the cost can be and so higher profits. Since our economy wants to maximise profits, and thus scarcity, the best way for companies/ individuals to do that is to get monopolies, or oligopolies, and then restrict access, and increase prices. If you produce as much as possible at cost, making no profits, then there is going to be little scarcity for that product, costs are going to be low.
A firm under monopolistic competition operates its plant at suboptimal capacity to create a sense of limited goods in people's minds.
What is monopolistic competition?
Monopolistic competition is termed as a process in which the companies produce similar products but not exactly the same product that acts as substitute.
A firm under monopolistic competition operates its plant at suboptimal capacity, which means that they do not make the product at its best capacity. That means that if a country can make 100 products, that company will only make 750 of them even after the demand also.
It gives a sense of scarcity among the people and also these products can be sold by this company at a higher price or opt for low substitutes which makes the monopolistic company earn more.
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The responsibility center in which the manager has responsibility and authority over revenues and costs, but not assets, is the:__________.
a. revenue center
b. investment center
c. profit center.
d. cost center
the Small Business Administration considers a business small if it employs fewer than ________ employees
a. 5
b. 20
c. 100
d. 500
The Small Business Administration considers a business small if it employs fewer than 500 employees.
What is a small business ?Typically, a small business is a privately held company with 500 or less employees. This is according to the Small Business Administration.
However, the maximum number of employees may differ by industry and, in other situations, may not even matter. A small firm is one that satisfies certain criteria for size in terms of employees or sales, is independently owned and controlled, and is not the market leader in its industry.
In order to promote the balanced growth and usage of all small businesses, the federal government identifies several types of small businesses and sets corresponding targets.
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