question content area top part 1 from paper-clip to house, in 14 trades a 26-year-old montreal man appears to have succeeded in his quest to barter a single, red paperclip all the way up to a house. it took almost a year and 14 trades. source: cbc news, july 7, 2006 is barter a means of payment? is it just as efficient as money when trading on e-bay? explain.
Answers
Barter is not as efficient as money because barter requires a double coincidence of wants.
In commerce, barter is a system of exchange in which the participants of a transaction exchange goods or services directly for other goods or services without using a medium of exchange, such as money. Economists distinguish barter from the gift economy in several ways; exchange, for example, involves an exchange of immediate reciprocity, without delay in time.
Exchange usually takes place on a bilateral basis, but can be multilateral. In most developed countries, barter exists alongside monetary systems to a very limited extent. Market participants use barter to replace currency as a method of exchange during times of currency crises, such as when currencies become volatile or simply unavailable for exchange.
The above question is incomplete, the complete ques is-
From Paper-Clip to House, in 14 Trades
A 26-year-old Montreal man appears to have succeeded in his quest to barter a single, red paperclip all the way up to a house. It took almost a year and 14 trades.
Source: CBC News, July 7, 2006
Is barter a means of payment? Is it just as efficient as money when trading on e-Bay? Explain.
Barter ______ a means of payment. When trading on e-Bay, barter _______.
A. is as efficient as money because sellers on e-Bay don't necessarily expect to be paid in cash
B. is not as efficient as money because barter requires a double coincidence of wants
C. is not as efficient as money because barter requires a double coincidence of wants
D. is as efficient as money because sellers on e-Bay don't necessarily expect to be paid in cash
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Related Questions
This management theory assumes there is no one best way to manage?
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The contingency approach to management is based on the idea that there is no single best way to manage. Contingency refers to the immediate contingent circumstances. Effective organizations must tailor their planning, organizing, leading, and controlling to their particular circumstances.
which of the following is (are) true regarding timeliness and the importance of periodic reporting? (check all that apply.) a. decision makers requires financial statements that are audited to ensure reliability. b. the value of information is often linkled to its timeliness. c. useful information must reach decision makers frequently and promptly. d. businesses report financial information at regular intervals to ensure timeliness of data,
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Information's usefulness is frequently correlated with its currentness. Accounting systems produce periodic reports on a regular basis to deliver timely information.
Periodic reports are delivered on a regular basis, such as daily, weekly, monthly, and so forth. It's even referred to on occasion as a recurrent report. A periodic report typically follows a set format or template that is created to satisfy the demands and specifications of that specific project, department, or business.
Regarding timeliness and the significance of periodic reporting, the following statements are true:
1. In order to ensure that the data is current, businesses disclose financial information on a regular basis.
2. Useful information must frequently go to decision-makers.
3. The relevance of information is frequently correlated with its worth.
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Do you have any sales or negotiating experience? Tell me about one sale, or negotiation you completed at your previous position.
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Yes. At my previous position, I was responsible for negotiating contracts with suppliers. One particular negotiation that stands out was when I was able to secure a 10% discount on a large order of supplies by demonstrating our loyalty as a long-term customer and highlighting our consistent business.
The importance of Sales and negotiating skillsSales and negotiating skills are essential in many roles and can make a significant impact on an organization's success.
If you have experience in this area, it's essential to highlight it during job interviews. When discussing a previous sale or negotiation, it's important to provide specific details such as the client's needs and goals, the strategies you employed, and the outcome.
Demonstrating your ability to close a deal, build relationships, and handle objections effectively can give potential employers confidence in your ability to succeed in a sales or negotiation role.
It's also helpful to discuss any challenges you faced and how you overcame them, as this can show your resilience and problem-solving skills.
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Is changing the organization's domain a feasible strategy for
coping with a changing environment? Explain, using either Amazon or
Walmart as an example.
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Changing the organization's domain can be a feasible strategy for coping with a changing environment. A domain refers to the unique address or name used to identify the organization's website on the internet.
By changing their domain and diversifying into different sectors, organizations like Amazon can better cope with market fluctuations, gain competitive advantages, and secure long-term sustainability.
Let's take Amazon as an example.
Amazon started as an online bookstore but strategically expanded its domain over time. Recognizing the changing environment and the growing demand for e-commerce, Amazon diversified its product offerings to include electronics, apparel, home goods, and more. It even entered new domains such as cloud computing (Amazon Web Services) and entertainment (Amazon Prime Video).
By changing its domain, Amazon was able to adapt to the changing market landscape and leverage its existing infrastructure, logistics capabilities, and customer base. This strategy not only helped Amazon stay relevant but also allowed the company to become a dominant player in multiple industries, revolutionizing the retail and technology sectors.
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If a person spends $10 a week on coffee (assume $500 a year), what would be the future value of that amount over 10 years if the funds were deposited in an account earning 3 percent? Use
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The cost of interest is only calculated once a year with annual compounding. This is a unique situation because the claimed yearly percentage rate and the actual annual rate are the same.
What is future value?A financial concept known as future value (FV) assigns a value to an asset based on anticipated factors like future interest rates or cashflows.
We can use the following formula to compute the future value of an annuity with periodic payment M for T periods, given periodic return r :
= M((1+r)^{T} −1) / r
Applying the formula, the future value after 10 years is:
= 500(1+3 % )^{10} - 1 / 3%
= 5,731.94
Therefore, The future value is 5,731.94.
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Explain the role of public relations in developing and maintaining a corporate image.
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By overseeing communication and relationships between an organisation and its stakeholders, public relations plays a critical part in creating and sustaining a company image.
To influence the perception, reputation, and overall image of the business, strategic communication is used. To improve the public's view of the company, public relations experts take part in activities like media relations, crisis management, community involvement, and employee communications. Public relations contributes to the development of trust, credibility, and goodwill among stakeholders by clearly articulating the company's ideals, accomplishments, and social responsibility efforts. It helps build the company's brand, draw in clients, investors, and talent while minimising reputational hazards.
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The difference between the cost to make a good and the price is the: A. Elasticity Curve B. Profit C. Supply Curve D. Demand Margin
Answers
Answer:
B. Profit
Explanation:
I hope this helps :)
Which of the following is a true statement about information:
It is the same thing as data.
It is data put into a useful form.
OIt is simple to manage.
It has no value for an organization.
Answers
The correct answer to this question is that information is data put into a useful form. While data refers to raw facts or figures, information is the result of organizing, processing, and interpreting this data to provide meaning and insight. In other words, information is data that has been given context, structure, and relevance to support decision-making and problem-solving.
For example, a company might collect sales data for its products. This data is raw and meaningless on its own. However, if the data is organized, analyzed, and presented in the form of a sales report, it becomes information that can be used to identify trends, make predictions, and inform business strategy.
It is important to note that managing information is not always simple. Organizations must have effective systems and processes in place to collect, store, analyze, and share information. They must also be able to manage the security and privacy of this information to protect sensitive data from theft or misuse.
Overall, information is a valuable asset for organizations, providing insights and intelligence that can drive business success. By transforming raw data into meaningful information, organizations can gain a competitive advantage and make informed decisions that support their goals and objectives.
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Please help with economics will mark brainliest
Answers
Answer On 25, it is likely economic growth since both go up, however it might also be coming back from an recession, but i would go for economic growth first. On 24, I think it is no idle resources and using resources efficiently.
Explanation:
Assume you receive a 3.5% raise in your 2014 salary for 2015. In addition, suppose the CPI was 230 in 2014 and 240 in 2015.
The rate of inflation between 2014 and 2015 was therefore % . (Note: Calculate this to two decimal places.)
Answers
As a result, our compensation has actually reduced by 0.85% in real terms as a result of inflation. We would require a raise of at least 4.35% to retain our purchasing power in order to keep up with the growing cost of goods and services.
To calculate the rate of inflation between 2014 and 2015, we can use the formula:
Inflation rate = (CPI in year 2 - CPI in year 1) / CPI in year 1 x 100%
Using the CPI values given, we have:
Inflation rate = (240 - 230) / 230 x 100%
Inflation rate = 4.35%
Therefore, the rate of inflation between 2014 and 2015 was 4.35%.
Detailed answer: The CPI, or consumer price index, is a measure of the average price of goods and services purchased by households over time. It is often used as an indicator of inflation, which is the rate at which the general level of prices for goods and services is rising.
In this question, we are given that the CPI was 230 in 2014 and 240 in 2015. To calculate the rate of inflation between these two years, we can use the formula:
Inflation rate = (CPI in year 2 - CPI in year 1) / CPI in year 1 x 100%
Plugging in the values, we get:
Inflation rate = (240 - 230) / 230 x 100%
Inflation rate = 4.35%
Therefore, the rate of inflation between 2014 and 2015 was 4.35%.
Now, let's consider the impact of this inflation rate on our salary increase. We are told that we received a 3.5% raise in our 2014 salary for 2015. However, the cost of living has also increased by 4.35%. This means that our salary increase has not kept up with the rising cost of goods and services.
To adjust for inflation, we could calculate our "real" raise by subtracting the inflation rate from our salary increase:
Real raise = Salary increase - Inflation rate
Using the values from the question, we have:
Real raise = 3.5% - 4.35%
Real raise = -0.85%
This means that in real terms, our salary has actually decreased by 0.85% due to inflation. To maintain our purchasing power, we would need a raise of at least 4.35% to keep up with the rising cost of goods and services.
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Explain five steps in product design for a business
Answers
Explanation:
Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.
A major disruption in financial markets characterized by sharp declines in asset prices and firm failures is called a.
Answers
A major disruption in financial markets characterized by sharp declines in asset prices and firm failures is called a financial crisis.
A financial crisis occurs when the value of financial assets and instruments drastically declines. As a result, firms struggle to pay their debts, and financial institutions lack the cash or convertible assets needed to fund initiatives and take care of urgent demands.
Falling US housing values and an increase in the number of borrowers unable to make loan payments were the GFC's main causes. Around the middle of 2006, the supply of newly constructed homes in some places grew quickly, and house prices in the United States reached their peak.
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A major disruption in financial markets characterized by sharp declines in asset prices and firm failures is called a financial crisis.
During a financial crisis, asset values endure a sharp decrease in value, firms are unable to pay their loans and financial institutions face a shortage of liquidity. During a panic or bank run, investors sell off their assets or withdraw cash from savings accounts out of fear that their value will decline if they keep them in a financial institution. This is a common feature of the financial crisis.
The deflation of a credit boom, a stock market collapse, a sovereign default or a currency crisis are further circumstances that could be classified as a financial crisis. A financial crisis might only affect certain banks, or it might affect the entire global economy or just one particular economy.
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If blair industries had $15 million in revenue and net income of $9 million, then its:______.
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The fact that Blair industries revenue was $15 million the net income was $9 million meant that their expenses were $6 million.
What were Blair Industries expenses?The expenses of a company are the difference between the revenue the company earned and the net income shown.
In the case of Blair Industries therefore, the expenses are:
= Revenue - Net income
= 15 million - 9 million
= $6 million
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In a monopolistically competitive market, a. the entry of new firms creates externalities. b. the absence of restrictions on entry by new firms ensures that there will be no deadweight loss. c. there are always too many firms in the market relative to the socially-optimal number of firms.
Answers
Better choose A variant
Charity organisation has asked you to raise money for it by running a fete The organiser has given you a maximum amount to spend how would you plan the fete using a computer model and make a profit
Answers
Answer:
Charity fund should be handled with care as it is donor's money which should be handled with care. The amount of charity should be spent for the actual cause.
Explanation:
Charity fund is the money which should be handled with great care. The major fund of the charity should be attribute to the main cause and there should be proper record maintenance for every penny spent. The charity fund is the responsibility of the management and any donor can ask anytime about the money spent.
All else constant, which one of the following will result in the lowest present value of a lump sum? Multiple Choice 6 percent interest for 8 years6 percent interest for 10 years6 percent interest for 5 years8 percent interest for 5 years8 percent interest for 10 years
Answers
The lower the interest rate, the lower the present value of a lump sum. The lowest present value would be with a 6% interest rate for 10 years, since it has the lowest interest rate for the longest time period.
The present value of a lump sum depends on the interest rate and the number of years the amount is invested. A higher interest rate and a longer time period will result in a higher present value. All else constant, the lowest present value of a lump sum would be achieved with a lower interest rate and a shorter time period. Based on the options given, the lowest present value would be achieved with a 6 percent interest rate for 5 years.
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As a rule of thumb, when a nation's economy experiences two consecutive quarters of declining real GDP it is known as a ·
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As a rule of thumb, when a nation's economy experiences two consecutive quarters of declining real GDP it is known as a recession.
A recession is generally viewed as having taken palce when a country's real GDP has decreased for two consecutive quarters. A recession is a large and prolonged downturn in economic activity that is characterised by a shrinkage in GDP, rising unemployment rates, declining consumer expenditure, and other unfavourable economic indicators. It frequently results from a decline in the degree of trade and industrial growth, which in turn causes the GDP of that nation to decline.
Although the commonly accepted definition of a recession entails two consecutive quarters of dropping real GDP, it's vital to keep in mind that the official declaration of a recession requires a more thorough examination of numerous economic elements by experts and institutions, such as government organizations or central banks.
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3. ETC= 220,000 PV = 25,000 AC=40,000. What is EAC? What does this calculation tell you?
Answers
To calculate the Estimate at Completion (EAC), we need to use the following formula: EAC = AC + (ETC / CPI), where CPI stands for Cost Performance Index.
First, we need to calculate the CPI. The CPI can be calculated using the formula:
CPI = EV / AC, where EV is the Earned Value.
In this case, the EV is not provided. However, we can use the given PV (Planned Value) as an approximation of the EV. This would give us:
CPI = 25,000 / 40,000 = 0.625
Now we can calculate the EAC:
EAC = AC + (ETC / CPI) = 40,000 + (220,000 / 0.625) ≈ 40,000 + 352,000 = 392,000
The EAC of 392,000 tells us that, based on the current cost performance, the project is estimated to cost 392,000 upon completion. This is higher than the initial estimate of 220,000, indicating that the project is likely to overrun its budget.
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Vast creative specialises in styling and art direction in the advertising industry.the management of vc wants to change the structure of the business to introduce additional services .some employee s are resisting change as they feel that it is not necessary to change the business structure
Answers
Explanation:
Resistance to change occurs when there is some kind of change in the organization, such as changes in the structure of the business, changes in teams, technologies, etc.
This is because there is insecurity in employees, often due to lack of sufficient information about the change and fear of not being able to adapt.
To eliminate employee resistance, company managers must communicate how the change will occur and why it is necessary, listing the positives of the changes and the benefits it will bring to the organization, enabling feedback so that employees feel included and their perception be positive.
Samanthat has been invited interview that will be conducted in a behaviroal format she is changing career fields so she has?
Answers
It is important to write down some quick notes in large font (not exact phrases) to help you remember the sequence and subject of your ideas. Because a poor delivery of a good speech might dull, perplex, or incite mistrust in the listeners.
What's a good way to get feedback if you have trouble speaking with flat tone, rambling, or fillers? Leave a voicemail for yourself and listen to it to assess your voice. Prepare potential responses in advance. Be prepared to discuss your speech's more technical points. Ask your friends and coworkers to comment on and quiz you on your speaking.
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sells to a highly segmented market based on ________.
A. product disposa
B. mood
C. usage situation
D. sales interaction
Answers
C. usage situation. The company sells its product to a highly segmented market based on the specific usage situations that their product is designed for.
By targeting their marketing and sales efforts towards specific usage scenarios, they can better communicate the benefits of their product to potential customers. Additionally, by understanding the unique needs and pain points of each usage situation, the company can tailor their product and support offerings to better meet the needs of their customers.
This approach can lead to higher customer satisfaction, increased sales, and improved brand loyalty. This strategy also takes into account product disposal, ensuring that the product is designed with end-of-life considerations in mind.
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Which of the following fraud schemes might be detected through the use of a bank cutoff statement?
A. Checks were written near year-end to reduce the balance in accounts payable, but were not mailed until a week after year-end.
B. Checks received by the cashier were not deposited and accounts receivable was not appropriately reduced.
C. Checks were written in amounts in excess of invoice amounts in a collusion scheme in which the accounts payable clerk was misappropriating refunds of excess payments.
D.Checks were written to nonexistent payees and mailed to the home addresses of officers.
Answers
The fraud scheme that might be detected through the use of a bank cutoff statement is option B: "Checks received by the cashier were not deposited and accounts receivable was not appropriately reduced."
A bank cutoff statement is a report from a bank that shows all transactions processed by the bank for the company's account between two specific dates. The cutoff statement provides an independent record of transactions and can be used to reconcile a company's cash balance with the bank's balance.
In the fraud scheme described in option B, checks received by the cashier were not deposited, which means that they would not appear on the bank cutoff statement as a deposit. If accounts receivable was not appropriately reduced to reflect the fact that the checks were not deposited, then the company's cash balance would be overstated. By comparing the company's cash balance with the bank's balance as reflected in the cutoff statement, the fraud scheme could be detected.
Option A describes a scheme to reduce the balance in accounts payable, which is unrelated to the bank cutoff statement. Option C describes a collusion scheme to misappropriate refunds of excess payments, which may be detected through other means, such as analyzing accounts payable and vendor records. Option D describes a scheme to write checks to nonexistent payees, which may also be detected through other means, such as reconciling canceled checks with vendor records.
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HELP!
While drilling metal, Ben poured oil over the area. Which best explains why he did this?
Ben was trying to reduce fluid friction.
Ben was trying to reduce kinetic friction.
Ben was trying to increase fluid friction.
Ben was trying to increase kinetic friction.
Answers
Answer:
B. Ben was trying to reduce kinetic friction
Hope it works!
Explanation:
While drilling metal, Ben poured oil over the area, and Ben was trying to reduce kinetic friction. Therefore option B is correct.
What is Kinetic friction?The kinetic friction force, also known as sliding friction, only affects moving objects (thus the term "kinetic"). Pushing a box across floorboards is an example of this force opposing sliding motion. This sort of friction has a particular coefficient of friction (such as rolling friction).
Static friction, which is the resistance to motion brought on by the friction between a motionless item and a surface, is the other main type of friction that occurs between solids. The force of friction is weaker for items that are already moving because the coefficient of static friction is often greater than the coefficient of kinetic friction.
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Airbnb has forever changed the travel and recreation industry. no matter where a traveler goes, they trust that they will have the best vacation experience when booking with airbnb. its name is recognizable outside of its customers and the company supplies its marketing and finanical data. airbnb is an example of _______.
Answers
Airbnb is an example of a global brand.
Global brand refers to the management of a brand in different parts of the world, intending to increase its strength and recognition in the markets in which it operates.This strategy is also be called global branding or international branding.Global brands are brands that are recognized throughout much of the world. The characteristics of global brand are that it focus on single product category, it takes on social responsibility, it has the same position world wide.
Thus the correct answer is Global brand.
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Which of the following statements are not true of satisfied customers?
A. Satisfied customers tend to stay loyal.
B. Customers will spend more money with a company for great customer service.
C. Satisfied customers do not share their experiences with other people.
D. All of the above
Answers
OPTION (C) Satisfied customers do not share their experiences with other people. When customers feel satisfied from the services or products from a particular company, they are tend to share their experience with their friends and families. So that they can too get benefitted from the same.
Who are Customers?In sales, commerce, and economics, a customer is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.
What is meant by 'Services'?A service is any activity or benefit that one party can offer to another, which is essentially intangible and does not result in the ownership of anything. Its production may or may not be tied to a physical product.
What is a Company?A company, abbreviated as co., is a legal entity representing an association of people, whether legal, natural, or a mixture of both, with a specific task or objective. Company members share a common purpose and unite to achieve specific, declared goals.
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The year 1776 marks the first hostile shore landing of the Marines in the New Province Islands of the Bahamas. Whom did they win this battle against?
Answers
The Marines did not win a battle in the Bahamas in 1776; instead, they participated in a successful raid on Nassau that resulted in the capture of military supplies and disrupted British operations in the region.
Did marine won the battle the year 1977?The Marines' first hostile shore landing occurred in the Bahamas on March 3, 1776, during the American Revolutionary War. The Marines were part of a larger force commanded by Commodore Esek Hopkins, and their objective was to seize military supplies and disrupt British operations in the region.
The Marines and their fellow American troops successfully captured Nassau, the capital of the Bahamas, without firing a shot. The British garrison had been left vulnerable due to a lack of reinforcements, and the American forces were able to take control of the island and seize large quantities of gunpowder, cannons, and other military supplies.
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Perry Corporation produces and sells a single product. Data for that product are: Sales price per unit $ 275 Variable cost per unit $ 130 Fixed expenses for the month $ 690 comma 000 Currently selling 10 comma 000 units Upper management is considering using a biodegradable packaging which costs $ 7 more per unit but it produces less waste in the long run. Management plans to increase advertising by $ 7 comma 000 in the first month to advertise this new feature to their packaging. They believe that environmentally friendly people will switch to their product resulting in an increase in sales of 4 comma 000 units per month. What should be the overall effect on the company's monthly operating income in the first month if this change is implemented?
Answers
Answer:
new contribution margin per unit = $275 - $137 = $138
total contribution margin = (10,000 + 4,000) x $138 = $1,932,000
total fixed costs = $690,000 + $7,000 = $697,000
operating income = $1,235,000
old operating income = $1,450,000 - $690,000 = $760,000
operating income will increase by $475,000 or 62.5%
Provide a detailed overview of the internal revenue service, include: the organizations' history, products/services, mission, vision, and core values, and competitors.please answer correctly and i will upvote
Answers
The Internal Revenue Service (IRS) is the agency within the United States Department of the Treasury responsible for the administration and enforcement of the country's tax laws.
History:
The IRS was created in 1862 by President Abraham Lincoln as the Bureau of Internal Revenue, with the purpose of collecting taxes to fund the Civil War. It was renamed to the Internal Revenue Service in 1953.
Products/Services:
The main service provided by the IRS is the collection of taxes, including income taxes, payroll taxes, and excise taxes. The IRS also provides taxpayer assistance, processes tax returns, and enforces tax laws through audits and investigations.
Mission:
The mission of the Internal Revenue Services is to "provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all."
Vision:
The vision of the IRS is to "provide the nation with the best tax administration possible."
Core Values:
The IRS's core values include integrity, accountability, respect, and professionalism.
Competitors:
The IRS does not have direct competitors, as it is the sole agency responsible for the administration and enforcement of federal tax laws in the United States. However, there are private tax preparation companies, such as H&R Block and TurboTax, that offer tax preparation services to individuals and businesses.
Overall, the IRS plays a vital role in the collection of taxes and the enforcement of tax laws in the United States. Its mission, vision, and core values guide its operations and help ensure that it provides the best possible service to taxpayers.
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Which of these can be considered “online banking?”
I. A brick-and-mortar bank that allows its customers to transfer money online.
II. A bank that has only a few branches but has customers depositing money online.
III. A bank that does not exist as a real building, but only has an internet presence.
Answers
Answer:
D
Explanation:
l, ll, & lll
All the given statements are examples of online banking. Thus, all the given statements are correct statements.
What is online banking?Online banking, often known as internet banking, online banking, or home banking, is a type of electronic payment system that allows clients of banks and other financial institutions to carry out a variety of financial transactions via the website of the financial institution. In order to offer consumers access to banking services in addition to or in substitute for traditional branch banking, the online banking system will normally link to or be a component of the core banking system run by a bank.
Online banking provides greater convenience to some customers by reducing the need to visit a branch bank and the convenience of being able to conduct banking transactions even when branches are closed. It also significantly lowers operating costs for banks by decreasing their reliance on a branch network.
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Fill in the blank. average and poor business writers are more likely than excellent writers to focus on the ______________ stage first.
Answers
Average and poor business writers are more likely than excellent writers to focus on the drafting stage first.
Excellent business writers understand the importance of the planning and outlining stages in the writing process. Before starting to write, they typically spend time researching, analyzing their audience, defining their purpose and goals, and organizing their ideas. By doing so, they are able to create a clear and structured framework for their writing, which makes the drafting stage more efficient and effective.
In contrast, average and poor business writers may rush into the drafting stage without proper planning and outlining, resulting in disorganized and unfocused writing that may fail to achieve its intended purpose. By prioritizing the drafting stage over the planning and outlining stages, they risk wasting time and effort, and producing subpar results.
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