the mechanism of choice used to structure the production and consumption of goods in society is known as .
Answers
The mechanism of choice used to structure the production and consumption of goods in society is known as the market. The market is a complex system that allows individuals and organizations to exchange goods and services based on the principles of supply and demand.
At its core, the market is driven by competition. Producers compete with one another to attract customers by offering better quality products at lower prices. Consumers, on the other hand, have the power to choose which products to buy based on their preferences and budget.
The market also provides incentives for producers to innovate and improve their products. If a producer is able to create a better product at a lower cost, they will be able to capture more market share and increase their profits. This leads to a more efficient allocation of resources and a higher standard of living for society as a whole.
However, the market is not without its flaws. It can lead to the concentration of wealth and power in the hands of a few large producers, and it may not always produce outcomes that are equitable or sustainable.
Therefore, it is important for society to balance the power of the market with appropriate regulations and social safety nets to ensure that the benefits of the market are shared by all.
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Related Questions
Which activity is a marketing technique
Answers
Answer:
calling a potential customer to inform them about a new program
Quik Trip has been selling its pet e-mouse for $54 each. Quik Trip's variable cost is $27 per unit. At that price Quik Trip has been selling 26,751 units per year. Quik Trip is thinking about reducing its price by $5.48 per unit. At the same time, Quik Trip expects to be able to reduce variable cost by $1.02 per unit. By how many UNITS must Quantity demanded change for Quik Trip to just break even on these changes in price and variable cost?
Answers
Quik trip must increase the quantity demanded by approximately 235 units to break even on the changes in price and variable cost.
the quantity demanded must increase by 3,300 units for quik trip to break even on the changes in price and variable cost.
to determine the change in quantity demanded required for quik trip to break even, we need to compare the original situation with the proposed changes in price and variable cost.
original situation:selling price per unit: $54
variable cost per unit: $27quantity sold per year: 26,751 units
new situation:
reduced price per unit: $54 - $5.48 = $48.52reduced variable cost per unit: $27 - $1.02 = $25.98
to break even, the revenue from selling the increased quantity at the reduced price must offset the cost savings from the reduced variable cost.
break-even equation:
(quantity + change in quantity) * (selling price - variable cost) = quantity * (selling price - variable cost)
substituting the values:
(26,751 + change in quantity) * ($48.52 - $25.98) = 26,751 * ($54 - $27)
simplifying the equation:(26,751 + change in quantity) * $22.54 = 26,751 * $27
expanding the equation:
26,751 * $22.54 + change in quantity * $22.54 = 26,751 * $27
rearranging the equation to solve for change in quantity:change in quantity * $22.54 = 26,751 * $27 - 26,751 * $22.54
simplifying the right side of the equation:
change in quantity * $22.54 = 26,751 * ($27 - $22.54)
calculating the right side of the equation:change in quantity * $22.54 = 26,751 * $4.46
dividing both sides of the equation by $22.54:
change in quantity = (26,751 * $4.46) / $22.54
calculating the change in quantity:change in quantity = 5,304 / $22.54
change in quantity ≈ 235.06 units
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Recently, policy makers have debated whether an increase in the federal minimum wage, currently at $7.25 an hour, would be good for the economy. Determine how each of the given scenarios affects the Phillips curve.
Answers
An increase in the federal minimum wage would shift the Phillips curve to the right. This is because higher wages would increase production costs for businesses, leading to higher prices and potentially causing inflation.
However, the exact extent of the shift would depend on other factors, such as the level of unemployment and the overall strength of the economy. If the economy is already at full employment, an increase in the minimum wage may have a larger impact on inflation.
On the other hand, if the economy is operating below its potential, the shift in the Phillips curve may be less pronounced. Ultimately, policy makers need to consider the potential trade-offs between higher wages for workers and potential inflationary pressures on the economy.
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Stock A's beta is 1.7 and Stock B's beta is 0.7. Which of the following statements must be true, assuming the CAPM is correct. a. In equilibrium, the expected return on Stock A will be greater than that on B. b. Stock B would be a more desirable addition to a portfolio than A. c. When held in isolation, Stock A has more risk than Stock B. d. In equilibrium, the expected return on Stock B will be greater than that on Stock A.
Answers
Answer:
c. When held in isolation, Stock A has more risk than Stock B
Explanation:
Beta is the measurement of Company`s business risk. Therefore, a higher beta shows a higher risk and a lower beta shows lower risk.
what is calleda cost remains unchanged when the volume of activity changes within the relevant range.
Answers
Within the appropriate range, the total fixed costs stay constant. However, as output rises, the fixed cost per unit falls since the same fixed costs are shared over more units. The following two graphs show how fixed costs and output volume are related.
What is total fixed costs?Total fixed cost (TFC) is the cost that does not fluctuate while the output level changes. The cost that varies as the output level changes is known as the total variable cost (TVC). The total cost (TC) is the sum of the total fixed and variable costs. Add up your variable costs and divide by the quantity of units you generated to get your total cost of production. You will then be given your overall fixed cost. Salaries, energy costs, insurance, rent and lease charges, and loan repayments are a few examples of fixed costs.
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Classify the market research means to their respective sources of market research.
interview
survey
magazine
websites
trade associations
PRIMARY SOURCE
SECONDARY SOURCE
Answers
Here's how I would classify the market research means according to their respective sources of market research:
Primary Sources:
InterviewsSurveysSecondary Sources:
MagazinesWebsitesTrade associationsWhat is classification of market research about?Interviews and surveys are considered primary sources of market research because they provide direct information gathered through direct communication with the target audience.
On the other hand, magazines, websites, and trade associations are considered secondary sources of market research because they provide information that has already been published and is not based on direct communication with the target audience.
Therefore, these secondary sources are often used to supplement primary research and provide a broader understanding of the market.
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On January 1, 2021, Nantucket Ferry borrowed $14,000,000 cash from BankOne and issued a four-year, $14,000,000, 6% note. Interest was payable annually on December 31.
Prepare the journal entries for both firms to record interest at December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
1. Record the entry for Nantucket Ferry for the interest payment.
2. Record the entry for BankOne for the receipt of interest.
Answers
BankOne needs to record the receipt of interest from Nantucket Ferry. The interest revenue represents the Income earned by BankOne from the interest on the note.
The cash account is credited to reflect the increase in cash due to the interest payment received.
1. Journal entry for Nantucket Ferry for the interest payment on December 31, 2021:
Date: December 31, 2021
Account Debit Credit
-------------------------------------------------------
Interest Expense $840,000
Interest Payable $840,000
Nantucket Ferry needs to record the payment of interest expense for the year. The interest expense is calculated as the principal amount ($14,000,000) multiplied by the interest rate (6%). The interest payable account represents the outstanding interest owed to BankOne.
2. Journal entry for BankOne for the receipt of interest on December 31, 2021:
Date: December 31, 2021
Account Debit Credit
------------------------------------------------------
Cash $840,000
Interest Revenue $840,000
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Who are the three most important officials in the Federal
Reserve System?
Answers
The three most crucial officers inside the Federal Reserve System are the Chair of the Federal Reserve, the Vice Chair of the Federal Reserve, and the President of the Federal Reserve Bank of New York.
The briefings are:
Chair of the Federal Reserve: The Chair is the very best-rating legitimate and plays a critical role in guiding the monetary coverage of the USA. They are liable for leading the Federal Reserve Board, overseeing the operations of the central financial institution, and representing the Federal Reserve in numerous home and global boards.
The Chair is appointed by means of the President of America and shown by way of the Senate. As of my information cutoff in September 2021, Jerome H. Powell is the Chair of the Federal Reserve.
Vice Chair of the Federal Reserve: The Vice Chair holds a sizable position inside the Federal Reserve System. They paint closely with the Chair in placing the economic policy, supervising the banking gadget, and representing the Federal Reserve.
The Vice-Chair also serves as a member of the Federal Reserve Board. Similar to the Chair, the Vice Chair is appointed with the aid of the President and shown with the aid of the Senate.
President of the Federal Reserve Bank of New York: The President of the Federal Reserve Bank of New York is taken into consideration one of the maximum influential positions within the Federal Reserve System. The Federal Reserve Bank of New York plays a crucial function in enforcing economic coverage and accomplishing open marketplace operations.
The President of the New York Fed serves as an everlasting voting member of the Federal Open Market Committee (FOMC), which determines the nation's economic policy. The President of the New York Fed is chosen by means of the financial institution's Board of Directors, issued with the approval of the Board of Governors.
It's really worth noting that the Federal Reserve System consists of a couple of nearby Federal Reserve Banks and their respective Presidents, who also hold crucial positions inside the Federal Reserve structure. However, the Chair, Vice Chair, and President of the New York Fed are normally regarded because the 3 maximum vast officials due to their coverage-putting and management roles
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The car hire firm Happy-Holidays, requires a database system to manage their fleet of hire vehicles. Each vehicle in the fleet has a unique fleet membership number (N 3). Also recorded is the vehicle's registration number (S 7), colour (S 20), and make (S 8). All cars are the current model. If a car is fitted with a mobile phone, its phone number (S 12) is recorded. Cars can either be traditional cars or electric cars. Traditional cars are either diesel or petrol operated (N 2). The electric cars have four types (S 5): Battery electric vehicles (BEVs), Plug-in hybrid electric vehicles (PHEVs), Fuel cell electric vehicles (FCEVs), Non-plug-in hybrid EVs (HEVs). Each Happy-Holidays depot has an identification code (N 2). Also recorded is the depot's address (A), 1 to 4 phone numbers (S 14), and a fax number (S 14). The current location (depot) of vehicles available for hire is recorded. Happy-Holidays has several different types of daily hire tariffs. For each type, an identification code (S 2) is recorded only with a description of the conditions under which it applies (S 50). For each make of car, the daily rental tariff ($ 3) is recorded for each of the tariff types. Also recorded for each make of car is the daily insurance tariff ($ 3). The company also keeps records of the inventory items such as GPS navigation systems (N 3), infant car seats (N 2), and booster car seats (N 2). Electric cars come fitted with a GPS navigation system. When a vehicle is hired, the depot from which it is hired, the hire time and date (D) are recorded. The hirer (client) involved is recorded along with the type (S 2) and number (S 20) of the credit card to be used to pay for that hire. The company only accepts Master card or Visa card. (For security reasons neither cash nor cheques are accepted by Happy-Holidays.) There will be one or up to four persons recorded as being nominated drivers of the hired vehicle (None of these have to be the hirer). A vehicle's kilometreage (N 5) (distance travelled) is recorded when it is hired, and the fuel level for traditional cars only (N 2). At any one time only one vehicle is on hire to a customer. Also recorded is the applicable tariff type, the number of hire days (N 2) and an indication (S 1) as to whether insurance has been taken out for each hire, and whether the customer wanted car seats (N 1) for children, or navigation system (S 1). A make of vehicle may also be booked for a future hiring, in which case, the nominated pick-up depot, the starting time and date for the booking (D), and the intended number of hire days (N2) are recorded. An optional preferred colour (S 12) may be recorded. A client may make any number of bookings. Happy-Holidays records the individual details of any client the first time that the person or the company1 has business with the company. A client's name (C), address (A) and one or two contact phone numbers (S 14) are recorded along with a generated unique client identifier. This identifier is used for all subsequent references to that client. If the client is a company, they must have a (single) nominated person also recorded as their representative. The details of such representatives are recorded as though they were person clients. A (person) client's driver's license number (S 12) is recorded the first time that they hire a vehicle or are a nominated driver. For each vehicle, a service history is kept. It contains for each past service, (scheduled or repair service), the date (D), the cost (\$ 4), a service description (S 50) and the identification of the depot where the servicing was done. A vehicle may have had none or several past services. For all vehicles, the next scheduled service has the associated kilometrage (N 5), date-to-be-done-by (D) and the depot to do the servicing recorded. Any minor damages to the car such as scratches or minor dents are recorded as comments (S 200), along with the date they were entered into the database (D). Cars with significant damage are recorded as non-serviceable (N 1) and can be written-off.
Answers
The given system of the Happy-Holidays car hire firm can be divided into different modules as mentioned below:
Vehicle Module:
This module contains information related to the vehicle like registration number, color, make, vehicle type (electric or traditional), etc. It also has information of the depot where the vehicle is kept. Additionally, it records the fuel level and kilometreage when it is hired. Service history is also maintained in this module.
Tariff Module:
This module includes the daily rental tariff for each make of the car, the daily insurance tariff, and different types of daily hire tariffs. This module also maintains the inventory items.
Client Module:
This module maintains the individual details of any client the first time that the person or the company has business with the company. A unique identifier is generated for all subsequent references to that client. The client can be a person or a company, in the case of a company, they must have a single nominated person also recorded as their representative.
Booking Module:
This module contains the details of the booking. It has the information of the nominated pick-up depot, the starting time and date for the booking, the intended number of hire days, and the optional preferred colour. The client may make any number of bookings.
Payment Module:
This module has the details of the credit card to be used to pay for that hire. The company only accepts Master card or Visa card and neither cash nor cheques are accepted by Happy-Holidays.
Booking History Module:
This module maintains the record of past bookings done by a client.
Service History Module:
This module keeps the record of all services done on a vehicle along with the identification of the depot where the servicing was done. It also maintains the details of the next scheduled service, its associated kilometrage, and date-to-be-done-by.
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Which person appears to be polychronistic?
Ali invited a fellow classmate, Shari, to dinner. She arrived at the restaurant at precisely 7:00p.m., the agreed time. Ali arrived a half-hour later and explained that he had to wrap up a 7:00p.m. appointment with his professor.
A.Shari
B.Ali
Answers
Answer:
Ali is polychronistic because he didnt arrive on time.
shari belongs to monochronic culture because she values time.
Explanation:
During the _____ stage of the Product Life Cycle, technical problems are common and the product is fine-tuned.
Answers
Answer:
introductory stage
Explanation:
Answer:
-During the INTRODUCTORY_ stage of the Product Life Cycle, technical problems are common and the product is fine-tuned.\(hope \: it \: helps\)
1. Describe how SaksFirst builds loyalty for Saks Fifth Avenue.
Answers
SaksFirst built loyalty for Saks Fifth Avenue by broadening its reach and offering more benefits like:
free membership for cardholders without minimum spending earning points toward SaksFirst card with first purchases and free shipping from Saks stores.How do brands build loyalty?Customers only continue to buy or patronize a brand if they feel they can trust the company, this is brand loyalty. Loyalty can be achieved through engaging customers, being reliable, keeping the price reasonable and incentives.
In the case of SaksFirst, they built loyalty by offering free memberships to Saks Fifth avenue customers, giving points for first card purchase and free shipping.
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Question 11 (Multiple Choice Worth 5 points) (03.05 MC) Christina received an offer for a grant to pay for her college tuition. If she accepts the grant, what does this mean? O She will have to pay back the money after graduation. O She will not have to pay back the money. O She will only have to pay back half of the money after graduation. She will have to pay back twice the amount of money after graduation.
Answers
Christina received an offer for a grant to pay for her college tuition. If she accepts the grant She will not be required to repay the money.
What is a payment from a grant?A payment called a grant is a type of financial aid that is given to a recipient by the government or another organization to help them pay for a project or program. Grants typically come in one lump sum, but they can also come in a series of smaller payments spread out over time.
Most of the time, grants are given out based on how well the applicant can show that their project or program is valuable to the public and will help the community in some way. Research grants, educational grants, community development grants, and business grants are all examples of grants. The recipient of a grant payment is not required to repay the grant money.
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what are some common tasks performed by Psychiatrists? (Select four options)
A administering first aid and life support care
B collaborating with other medical professionals
C maintaining patient information and records
D developing diagnostic imaging techniques
E prescribing, directing, or administering psychotherapeutic treatments or medications
F analyzing and evaluating patient data or test findings
Answers
Answer:
B, E and F and explanation I share you other thought about it
Explanation:
Psychiatrists are medical doctors who specialize in the treatment of mental health conditions. Some common tasks performed by psychiatrists include:
Conducting initial evaluations and assessments to diagnose mental health conditionsPrescribing and managing medications to treat mental health conditionsProviding individual, family, or group therapy to help patients manage their mental healthDeveloping and implementing treatment plans for patientsCollaborating with other healthcare providers to coordinate care for patientsProviding crisis intervention and support to patients experiencing mental health emergenciesConducting research to advance the field of psychiatry and improve treatment options for patients.Wilbur has $800 to open a checking account. He can maintain a minimum balance of at least $500. He plans to use the ATM twice a month and he maintains a savings account at the same bank. His employer has direct deposit and he sometimes overdrafts his account. Bank Account Terms and Conditions Bank Account terms and conditions. Bank A is best for Wilbur. Wilbur wants a checking account with the lowest fees. Which checking account would be best for Wilbur? Account A Account B Account C Account D.
Answers
Answer:
Account A
Explanation:
It should be noted that the checking account that would be best for Wilbur is Account A.
A checking account simply means a type of bank account that allows one to easily deposit and withdraw money to carry out transactions.
From the complete information, it can be noted that Wilbur wants a checking account with the lowest fees. Therefore, the best option that should be chosen is Account A.
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A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) as a function of size (measured in thousands of square feet) and whether or not there is a fireplace (FP is 0 if there is no fireplace, 1 if there is a fireplace). Part of the regression output is provided below based on a sample of 20 homes. Some of the information has been omitted.
Variable Coefficients Standard Error t-Stat
Intercept 128.93746 2.6205302 49.203
Size 1.2072436 11.439
FP 6.47601954 1.9803612 3.27
a. The estimated coefficient for size is approximately _____.
b. How many predictors (independent variables) were used in the regression?
Answers
Answer:
a. The estimated coefficient for size is approximately 13.81.
b. In the regression, two predictors are used. These two predictors are size and fireplace (FP).
Explanation:
a. The estimated coefficient for size is approximately _____.
Estimated coefficient for size = Standard Error of size * t-Stat of size = 1.2072436 * 11.439 = 13.81
Therefore, the estimated coefficient for size is approximately 13.81.
b. How many predictors (independent variables) were used in the regression?
Independent variables can be described as variables that are changed or manipulated in order to measure the effect of their changes on the dependent variable. Independent variables are therefore also called predictors because they employed to predict the dependent variable.
In the regression, two predictors are used. These two predictors are size and fireplace (FP).
ABC, Inc. borrows $10,000,000 from Super Big Bank on 1/1/2014. The loan is a 5-year loan, with a 5% stated interest rate requiring annual payments of $2,309,748, payable at the end of each year (12/31). On 12/31/2014 ABC makes their first payment. During 2015, ABC's business has some problems, and at the end of 2015 ABC informs Super Big Bank that they will be unable to pay their 12/31/2015 obligation in full. Super Big Bank agrees to restructure the terms of the loan such that ABC will only need to make four $1,900,000 payments over the duration of the loan (with the first restructured payment on 12/31/2015). What journal entry, if any, will ABC record as a result of this restructuring?
Answers
When ABC, Inc. informs Super Big Bank that they will be unable to pay their 12/31/2015 obligation in full and Super Big Bank agrees to restructure the terms of the loan such that ABC will only need to make four $1,900,000 payments over the duration of the loan, ABC, Inc. will record a gain on the restructuring of the debt of $409,748.
This is because of the difference between the amount payable and the fair value of the restructured payment. It will recognize this gain in the income statement.
Journal entry will be:
Debit: Notes Payable- Super Big Bank $2,309,748
Credit: Cash $1,900,000
Credit: Gain on restructuring of debt $409,748
ABC, Inc. borrows $10,000,000 from Super Big Bank on 1/1/2014. The loan is a 5-year loan, with a 5% stated interest rate requiring annual payments of $2,309,748, payable at the end of each year (12/31). On 12/31/2014 ABC makes their first payment. During 2015, ABC's business has some problems, and at the end of 2015 ABC informs Super Big Bank that they will be unable to pay their 12/31/2015 obligation in full. Super Big Bank agrees to restructure the terms of the loan such that ABC will only need to make four $1,900,000 payments over the duration of the loan (with the first restructured payment on 12/31/2015).
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Businesses use productivity suites in order to ________. a. Be on the cutting edge of technology b. Justify spending money on capital improvement c. Increase the ability of their employees to do work d. Assess the needs of their workers Please select the best answer from the choices provided A B C D
Answers
Businesses use productivity suites in order to Option C. increase the ability of their employees to do work.
The productivity suites refer to the combination of applications that helps in making office tasks such as creating documents, sending emails, making presentations, and analyzing data easier. These suites also include various tools like word processing, spreadsheet, presentations, email, and others. These tools help employees to work more effectively, as they have access to various software programs, which can help them complete their tasks more efficiently.
Additionally, businesses can also save money, as they can reduce the amount of time it takes to complete tasks. As a result, businesses can be more productive, which will help them to grow and increase profits. The use of productivity suites is crucial for modern businesses, as it helps in increasing the efficiency of their employees while reducing the amount of time it takes to complete various tasks.
Additionally, these suites are also essential for businesses that are looking to reduce their costs, as they can help them to save money on software and other related expenses. Therefore, it is clear that productivity suites are an important part of modern businesses, and their use can help businesses to achieve their goals and grow. Therefore, the correct option is C.
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when the united states government engages in deficit spending, that spending is primarily financed by:___.
Answers
When the United States government engages in deficit spending, that spending is primarily financed by borrowing money through the sale of government bonds or Treasury bills to individuals, businesses, and foreign governments.
When the The United States government engages in deficit spending, and that spending is primarily financed by issuing government bonds and Treasury securities. These financial instruments are sold to investors.
Both domestic and foreign, as well as to institutions like banks and pension funds, to raise the necessary funds to cover the spending gap. This process increases the national debt as the government borrows money to finance its expenditures.
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Materials from a source text without property citing the source is an example of plagiarism -(drivers Ed).
Answers
Answer:
True
Explanation:
Plagiarism is presenting somebody's else works, words, ideas, or concepts as one's own. Plagiarism may be deliberate or unintentional. It is copy and pasting another person's work 'word for word' knowingly or unknowingly.
Plagiarism mostly occurs when one uses another person's word acknowledging or crediting the author. It means plagiarism can be avoided by properly citing the original author.
Answer:
c
Explanation:
Which of the following are examples of career clusters? Select all that.apply
Answers
Answer:
governmental and public admiration and real estate
Explanation:
Answer:zcvn
Explanation:
The larger the output, the more output over which the fixed cost is distributed. Called the _____ effect, this leads to a _____ average fixed cost as output rises.
Answers
The term that completes the first part of the sentence is "spread". The spread effect refers to the fact that fixed costs, such as rent and equipment, do not change with the level of output.
As output increases, fixed costs are spread over a larger number of units, resulting in a lower per-unit cost. This leads to a decrease in average fixed cost as output rises. The spread effect is an important concept in economics as it explains why companies with large output levels are often able to produce goods or services at a lower cost than smaller companies.
By spreading their fixed costs over a larger output, these companies are able to achieve economies of scale and achieve a competitive advantage in the marketplace. It is important to note that while the spread effect can lead to lower average fixed costs, it does not necessarily guarantee profitability.
Other factors such as variable costs, competition, and market demand must also be considered when analyzing a company's overall financial performance.
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Managerial accountants:
a. create the company’s financial statements that are submitted to government agencies such as the Internal Revenue Service.
b. negotiate contracts with suppliers
c. create financial reports and provide other types of accounting information to investors.
d. provide managers within the organization with reports to make good business decisions.
Answers
Managerial accountants provide managers within the organization with reports to make good business decisions.
Who are Managerial accountants?They are account managers, they help a company to manage the financial account and hep to make decisions based on the trend on the account.
They also hep perform various task that is associated with the account.
Therefore, Managerial accountants provide managers within the organization with reports to make good business decisions.
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Business
12 questions please help!!
Answers
Answer:
Fill in the blanks
Explanation:
Answer: 1. Unsecured loans 2. Business credit card 3. Unsecured loan 4. Small Business Investment Companies 5. Reserve Fund 6. Routine 7. Operating costs 8. Secured loan 9. Commercial Debt Financing 10. Small Business Administration 11. Sound 12. Venture Capital Firm
Explanation:
Mark, the marketing manager of a large U.S. corporation, realizes that Afghanistan has virtually no supply of tomatoes. He conducts a study to see what quantity of tomatoes Afghan customers would be able and willing to buy at different prices. Mark is analyzing Afghanistan's:
Answers
By conducting the study on the quantity of tomatoes Afghan customers would be able and willing to buy, Mark is analysing the demand for tomatoes.
What is the demand for a good?
The demand for a good measures the quantity of a good that would be demanded at different prices. Usually, the demand for a good is negatively related to the price of the good. As the price of the good increases, the demand for the good would decline.
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What position would be the highest in a company's hierarchy?
A). director of finance
B). finance manager
C). accountant
D). finance administrative assistant
Answers
Answer: D. Finance administrative assistant
Explanation: search all the answers up to see if it matches CEO or is closet to the CEO job
a person has $3000 to deposit in a financial institution. assuming all options were offered by the same institution, which account is likely to have the lowest interest rate or pay no interest at all? savings account checking account money market account three-year certificate of deposit. A.certificate of deposit
B.checking account
C.money market account
D.savings account
Answers
The checking account will likely have the lowest interest rate of all the accounts. Hence, Option B is the right response.
Checking accounts are a sort of bank account that makes it simple to deposit and withdraw money. Cheques can be used to deposit money, while debit cards or direct deposits can be used to withdraw money quickly. Most of these accounts are bank accounts that are liquid.
The money is readily available. Moreover, withdrawals and deposits are both unrestricted, although there is a daily transaction cap. These kinds of accounts are typically used to temporarily store money in a secure location so that it may later be quickly accessed when needed.
Checking accounts shouldn't be utilized as long-term investments because they often offer lower interest rates than savings, money markets, or certificates of deposit.
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To study the effect of the cost-of-living crisis on household diets, a think tank
commissioned a survey collecting information on household characteristics and
eating habits during a four-week period. As part of this study, a researcher is using
the survey data to model the probability that a household consumed beef during
each of the weeks of the survey. The dependent variable being considered is a
dummy that is equal to 1 if household / consumed beef during week t, being zero
otherwise; the potential regressors are household characteristics such as income,
number of children, and age of the head of the household.
Q) Explain why it is easier to interpret the estimates of a Tobit model than the estimates
of a binary model like the one being considered here.
Q) Since a panel is available, the researcher is considering using a model with fixed
effects. Explain in your own words what is the problem with the use of fixed effects
in a probit model and discuss whether a model with fixed effects would be useful in
this particular application.
Answers
Q1) Estimates of a Tobit model are easier to interpret than estimates of a binary model because the Tobit model provides information on the probability and intensity of beef consumption, allowing for a more nuanced understanding of the relationship with household characteristics.
Q2) Fixed effects in a probit model suffer from the incidental parameters problem, making the estimates of time-invariant variables biased and inconsistent. In this case, a fixed effects model may not be useful, and alternative approaches like random effects or pooled models should be considered.
Q1) It is easier to interpret the estimates of a Tobit model than the estimates of a binary model in this context because the Tobit model provides information about the probability of consuming beef rather than just a binary outcome of whether the beef was consumed or not.
The Tobit model considers both the likelihood of beef consumption and the extent of beef consumption, allowing for a more nuanced understanding of the relationship between household characteristics and beef consumption.
The estimates from the Tobit model provide information on the impact of the independent variables on the probability of consuming beef, as well as the intensity or level of beef consumption.
Q2) Fixed effects in a probit model pose a problem known as the incidental parameters problem. In a probit model with fixed effects, the inclusion of individual-specific fixed effects may lead to a loss of identification for the coefficients of the time-invariant independent variables.
This is because the fixed effects absorb the individual-specific heterogeneity, making it difficult to estimate the impact of the time-invariant variables.
As a result, the estimates of the fixed effects probit model may be biased and inconsistent.
In this particular application, a model with fixed effects may not be useful since the focus is on understanding the relationship between household characteristics and the probability of beef consumption during each week of the survey.
Fixed effects are typically employed to control for unobservable time-invariant factors.
However, if the researcher is interested in examining the effects of time-varying variables, such as income, number of children, and age of the head of the household, a fixed effects model may not be appropriate.
Instead, random effects or pooled models could be considered to account for the panel data structure and analyze the variation in beef consumption over time.
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in order to assess a company's financial risk, investors and creditors frequently consider and analyze the company's:
Answers
In order to assess a company's financial risk, investors and creditors frequently consider and analyze the company's long term debt.
Long-term debt ratio is one of the financial leverage ratios used to determine how much long-term debt is being utilized to finance a company's assets. The position of the company's financial position is shown by this ratio. Analysts can gauge the corporation's ability to pay off its long-term outstanding loans using this ratio. Since most businesses only release their balance sheet once per fiscal year, the long-term debt ratio is frequently estimated annually.
The ratio indicates how dependent the company is on debt if it tends to increase over the course of the year. On the other hand, a declining ratio indicates that the company's reliance on debt is decreasing over time.
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