Answers
Unresponsive to changes in product pricing, but expected to be responsive in the long run.
What exactly do users presume by a product?
A product is an item that is for sale. A item can be either a provider or a physical item. It can be physical, virtual, or cyber. Every product has a cost, and every product has a price. The price that is charged is set by the market, the excellence, the marketing, and the targeted segment.
What are the seven different types of products?
The eight types of goods are as follows:
Premium or high-end items.Unwanted products.Products that are specialized.Commodities.Preferences of customers.Products for your convenience.Goods that are complementary.To know more about Product visit:
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Related Questions
1. Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
(a) None of the homes are owned by Agent Ryan
(b) Ryan discloses to Broker Bradley that he will show homes listed by XYZ Realty
(c) Delia gives verbal consent to see homes listed by XYZ Realty
(d) Delia has given written Intermediary consent
Answers
Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
Delia has given written Intermediary consent Delia gives verbal consent to see homes listed by XYZ Realty None of the homes are owned by Agent RyanWhen can homes be shown in the marketDelia gives verbal consent to see homes listed by XYZ Realty: This condition highlights the significance of Delia's consent. If Delia explicitly gives verbal consent to Ryan, it signifies that she is comfortable with viewing homes listed by XYZ Realty. Delia's consent is crucial in allowing Ryan to proceed with showing homes from XYZ Realty.
(d) Delia has given written Intermediary consent: This condition specifically refers to written consent in the form of an intermediary agreement. In some cases, Delia may choose to engage Ryan as an intermediary, authorizing him to show homes listed by multiple brokers, including XYZ Realty.
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what is the change in total profit of cleaning the fifth driveway if the price Mr. Plow can charge is $10 per driveway
Answers
Answer:
Explanation:-1
Which market structure relies most heavily on advertising?
Answers
A large amount of retail organisations use advertising in a monopolistic market. Starting a business is relatively easily, but staying in business is not and requires and convincing consumers that their product is different and better than that of competitors.
A diesel-powered tractor with a cost of $250,020 and an estimated residual value of $6,200 is expected to have a useful operating life of 73,000 hours. During April, the tractor was operated 200 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places. $fill in the blank 1
Answers
Answer: 365
Explanation:
Rita Rodriquez obtained a 24 month
Answers
Answer:
True
Explanation:
snce rita times 4 to the power of rodriquez is 24 then this is proven to be true
An economy where trade is encouraged and not monitored by the government is called a
a
command economy
b
free enterprise economy
c
global export economy
d
mixed enterprise economy
This is career research and decision making ITS NOT BUSINESS
Answers
Based on the principle of trade, correct answer is b. free enterprise economy
Free enterprise economyThe free enterprise economy is an economic system that is based on demand and supply with no government influence or control.In conclusion,we can conclude that free enterprise economy is the correct answer
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Answer:
B.
Explanation:
An entrepreneur has an idea for a new product in the technology industry. The product will require an initial investment to develop, manufacture, market, and distribute the product. While the product has unique applications that are not currently available to consumers, the industry has barriers to entry in terms of consumer brand loyalty, manufacturing, and product distribution. The entrepreneur is trying to decide what type of business organization to create for the production and sale of the product.
For which goal would the entrepreneur be BEST served by choosing to start a corporation rather than a sole proprietorship or partnership?
A
raising capital for manufacturing and distribution
B
maintaining control over product development
C
getting the product to market quickly
D
minimizing the long-term tax burden
Answers
Answer:
A raising capital for manufacturing and distribution
Explanation:
the greatest advantage of a corporation is that the entrepreneur can raise funds from a lot of different investors. Anyone that purchases stock form the company is investing money and helping the entrepreneur raise capital. If the project requires a lot of capital, the best way is to form a corporation. A sole-proprietorship or a partnership have limited sources for raising capital, plus the unlimited liability does not help either.
I. A clinic encourages its customers to have their bond checked with the claim that one out
of four 60-year-old men need to be supplemented with glucosamine. If this is true, what is
the probability of the following events:
a. Two out of the next eight 60 year-old men need to be supplemented with glucosamine
b. Three out of the next 12 60 year-old men need to be supplemented with glucosamine
Answers
A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.
Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.
Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.
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Why do you
think it's easier to forget entrepreneurship than labor or capital?
Answers
Entrepreneurship is much less tangible than other factors of production capital, that is why it's far more hard to discover.
Entrepreneurship is the assignment of latest business ventures that could eventually become profitable agencies. Some economists identify entrepreneurship as a factor of production due to the fact it is able to boom the effective performance of a company. Land refers to herbal resources, exertions refers to work attempt, and capital is anything made that is used to make something else. The final aid, entrepreneurship, refers to the capability to place the opposite 3 sources together to create capital.
Labor refers to all salary-incomes activities, including the work of specialists, retail workers, and so forth. Entrepreneurship refers back to the projects taken by way of entrepreneurs, who commonly begin as the first people in their firms after which regularly appoint different elements of production to grow their organizations.
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50 POINTS!
I need help with putting my two weeks in….
Need to sound professional!
I am currently an intern at a construction office job. I want to say that I have decided to go to esthetician school but appreciate being able to work here as a intern and learn a lot of things these last 6 months.
Thank you!!
Answers
Here's an example of how you could write a professional resignation letter:
Dear [Manager's Name],
I am writing to formally submit my resignation from my position as an intern at [Construction Office Job] effective [Two Weeks from Today's Date]. I have decided to pursue my passion for esthetics and will be enrolling in an esthetician school to further my education and career.
I want to express my sincere appreciation for the opportunity to work with and learn from such a dedicated team of professionals at [Construction Office Job]. During my six months here, I have gained invaluable experience in [list some specific skills or projects you worked on]. I will carry these lessons with me as I continue to grow in my professional development.
Please let me know if there is anything I can do to ensure a smooth transition during the next two weeks. I am committed to making sure my responsibilities are handed over in a timely and efficient manner.
Thank you again for the support, guidance, and encouragement you have provided me during my time at [Construction Office Job].
Sincerely,
[Your Name]
I easily adjust plans when priorities shift A.) most like me B.) somewhat like me
Answers
Answer:
B
Explanation:
I easily adjust plans when priorities shift somewhat like me.
What does priorities mean?What exactly does it mean when something is a "priority"? Prioritization is used to balance competing demands for resources, but it is unclear what exactly is being done. The claimed priorities may pertain to time, resources, processes, rights, or services. Priorities can be set based on significance, relative value, precedence, unique status, or lexical ordering. Additionally, there are other methods for prioritizing tasks, such as basic ordering, optimization, triage, and satisficing. Preference rankings and precedence rankings differ fundamentally, and as a result, they might produce very different results from the same beginning data. There can be no official criteria for selecting between conflicting claims because there is no agreed-upon definition of what constitutes a priority.
Organizing a set of jobs or other items that need to be done sometimes entails rating them based on a variety of criteria, such as how important each task is, whether it is time-sensitive, and how long it will take to finish each one. This enables us to decide what needs to be prioritized in order to increase productivity and accomplish more.
In order to finish everything that needs to be done, priorities must be set. Prioritization is crucial since it enables you to concentrate first on urgent and vital chores before moving on to lesser priority ones.
You will struggle to complete tasks on time, worry about how you'll get everything crossed off your to-do list, and be less productive if you don't take the time to prioritize.
Consider it in this way. Everyone has tasks that they need to complete. People frequently make lists to keep track of all they need to do.
While a list can be useful for getting a general overview, you should use it to choose what you should concentrate on right away in order to get things done, work effectively, and conserve time and energy.
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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.
Answers
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 kind of business would you create if you had the chance and why
Answers
\( \huge \bold{answer}\)
Writing ebooks
Similar to blogging, e-books allow you to teach others new skills through a digital book that will cost readers a fraction of the price of a printed copy while offering them the same level of education. E-books are free to start and can be sold on huge platforms such as Amazon. You could even donate copies to not-for-profit organizations who believe in your cause.
Your company, CSUS Inc., is considering a new project whose data are shown below. The required equipment has a 3-year tax life. Under the new law, the equipment used in the project is eligible for 100% bonus depreciation, so the equipment will be fully depreciated at t = 0. The equipment has no salvage value at the end of the project’s life, and the project does not require any additional operating working capital. Revenues and operating costs are expected to be constant over the project's 10-year expected operating life. What is the project's Year 4 cash flow?
Answers
The project's Year 4 cash flow, CF, is just the same as the Year 3 cash flow, CF.
What is the project's Year 4 cash flow?The project's estimated working life is 10 years, during which time income and operating expenses are anticipated to remain stable. We are unable to compute the precise quantities of income and costs because we are not provided with this information. Instead, we'll presump that the project will produce a steady annual cash flow (CF) for the course of its ten-year lifespan. We do not need to account for any depreciation costs for the project because the equipment is depreciated at time zero. The yearly cash flow generated by the endeavor, which we'll assume is CF, will be equal to the cash intake in Year 4 of the project. All operating expenses related to the project in that year, in addition to any taxes that must be paid, will be included in the cash outflow in Year 4. We are unable to compute the particular operational costs or tax rates because we are not given this information. Instead, we'll assume that the project's constant yearly cash flow includes the operational expenses and taxes.
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explain sales and purchase documents
Answers
Answer:
A sales and purchase agreement (SPA) is a binding legal contract that obligates a buyer to buy and a seller to sell a product or service.
Explanation:
Presented below is the partial bond discount amortization schedule for Cullumber Corp. Cullumber uses the effective-interest method of amortization.
Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value
Issue date $31,273 $778,727
1 $36,450 $38,936 $2,486 28,787 781,213
2 36,450 39,061 2,611 26,176 783,824
Required:
Prepare the journal entry to record the payment of interest and the discount amortization at the end of period 1
Answers
Answer:
Journal entry is given below
Explanation:
To record the payment of interest and the discount amortization at the end of period 1 we should debit the Interest expense and credit cash and discount
DATA
Interest expense in year 1 = $38,936
Interest to be paid = $36,450
Discount amortization = $2,486
Entry DEBIT CREDIT
Bond interest expense $38,936
Cash $36,450
Discount on bonds $2,486
What is the most important thing to remember when writing a draft (apex)
A. Use the spelling and grammar checks
B. Write quickly without over thinking
C. Write in phrases, not in sentences
D. Look for mistakes in subject-verb agreement
Answers
Answer:
B. Write quickly without over thinking
Explanation:
(APEX)
just took the quiz
Write quickly without over thinking is the most important thing to remember when writing a draft.
Thus, the correct option is B.
What is a draft?An initial version of a piece of writing or written document that is frequently reviewed before verification is referred to as a "draft."
A written order of payment from one party (the drawer) to another (the drawee) instructing them to pay a specific amount to a third party (the payee) on or before a specific date is an example.
You can rethink and rewrite your thoughts after you draft them by putting them on paper. You will be able to determine where further information and supporting proof are needed by doing this.
It will also help you determine whether the concepts you are providing appear logical and whether your argument is clear.
The full paper will be sent along with the final draft. Your writing ought to appear polished by the time you complete the final draft. Grammar and spelling mistakes, fragmented sentences, weak or nonexistent paragraph transitions, and other first draft flaws should all be eliminated.
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Accounting and subsequently violates the covenant not to complete, what equitable remedy is available to big three accounting inc
Answers
Injunction equitable remedy is available to Big Three Accounting, Inc. Thus option D is correct.
What is Accounting?Accounting is the act of documenting a business's monetary operations. All transactions are compiled, examined, and reported to factor in making, regulatory bodies, and tax collection organizations as part of the accounting cycle.
A lawsuit for an injunction is brought to court when someone infringes any contract clause relating to not competing. An equitable relief is where a court directs a party to carry out a certain act or desist from doing so. Therefore, option D is the correct option.
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After passing his CPA exam, Mohammad is hired by Big Three Accounting, Inc. Part of his contract includes a covenant not to compete. If, after working for three years, Mohammad retires from Big Three Accounting and subsequently violates the covenant not to compete, what equitable remedy is available to Big Three Accounting, Inc.?
a. Rescission O b. Specific Performance O c. Reformation O d. Injunction
In business, it is customary to praise individualistic competition and denigrate collective bargaining in all forms. However, in the Hanseatic League, we clearly see an example of merchants working together for mutual success over a period of three hundred years! What lessons are we to learn from this? Are there prospects for more merchant leagues in an increasingly globalized economy? Outline your thoughts on these questions in ten sentences minimum, and post them in the discussion. Then select two fellow students posts for peer review and critique their comments without the use of flattery.
Answers
Answer:
What lessons are we to learn from this?
The Hanseatic league, just like the Northern Italian City-States of the Late Middle Ages, are early examples of capitalism: they represent proto-capitalism.
In the cities that belonged to the Hanseatic League, the work of merchants was promoted, and capital accumulation and the profit motive began to develop. However, this does not meant that cooperation was out of place. The merchants cooperated voluntarily because they could get more working in association.
Are there prospects for more merchant leagues in an increasingly globalized economy?
There will always be the prospect for more merchant leagues, because people naturally cooperate if it is in the benefit of all the parties.
In fact, trade unions and economic unions could be seen as a form of merchant league, that are created by states instead of individual merchants.
the following balance where extracted from the book of Alfsal, a sole trader as at 31/12/2014 capital 198000 ,drawing 10700, building 300000, office equipment (cost le 22000) 15000, patent 24000, delivery van at cost63000, Accumulated depreciation delivery vans 14000, stock 01/01/2014 29000, sale485,000, purchase 196000, return outward 5300, return inward 17000, creditor 21900, debtor 34800, discount received 1400, wages and salaries 105,000, general expenses 13000,stationary 4800, tem loan(received on 01/04/2014) 50,000. vat 17300. provision for bad debts 2500. Advertising 5700. insurance 9,000. loan interest paid 1,000. bank42,600. PRSI/USU 10,200. profit and loss balance 01/01/2014 65,000. you are given the following aditional information: stock for resale at 31/12/2014 was le 19,000. stationary paid in advance was le 1,200. provision should be made for interest due on loan. the rate of interest is 6%per annum. wages and salaries are to be divided 75%for employees and drawings. building 10% of cost. delivery van 10% of net book value. office equipment 20% of cost. provision for bad debts is to be adjusted to 10% of debtors . you are required to prepare a trading and profit and loss account for the year ended 31/ 12/2014. balance sheet as at 31/12/2014.
Answers
Here is the trading and profit and loss account for the year ended 31/12/2014:
The Trading and Profit and Loss AccountFor the year ended 31/12/2014
Particulars Amount
Sales €485,000
Less: Cost of Goods Sold €196,000
Gross Profit €289,000
Less: Expenses
- Wages and Salaries (75%) €78,750
- General Expenses €13,000
- Stationary €4,800
- VAT €17,300
- Provision for Bad Debts €3,480
- Advertising €5,700
- Insurance €9,000
- Loan Interest €600
- PRSI/USU €10,200
Net Profit €157,370
Here is the balance sheet as at 31/12/2014:
Balance Sheet
As at 31/12/2014
Assets Liabilities
Cash €42,600
Bank €1,200
Debtors €34,800
Stock €19,000
Capital €213,570
Drawings €10,700
Building €300,000
Office Equipment €15,000
Patent €24,000
Delivery Vans €49,000
Accumulated Depreciation €28,000
Provision for Bad Debts €3,730
Loan €50,000
Profit and Loss €157,370
Total €618,570
Total €618,570
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What is globalization?
Answers
Answer:
the process by which businesses or other organizations develop international influence or start operating on an international scale.
in other words
the process where businesses or organizations begin spreading internationally
Explanation:
1. Cedric enters into a contract with Claudia to buy her house for $150,000. Claudia decides later not to sell
because she is so emotionally attached to the house. Cedric insists that he is entitled to the house. Cedric can
successfully sue for specific performance.
Answers
Answer:
True
Explanation:
Trust me
Given the following scenario, which of the strategies for promoting a positive service culture needs to be better taught to and practiced by the employee? Walter
is helping a customer who is looking to purchase a new television. The customer wants a new model and one that has excellent sound quality. Walter knows that
there are only two brands that meet the customer's, wants: Kanazawa and Himeji. However, Walter knows that they are out of stock in both products, and he has
been pressured by his manager to sell more Saitama televisions in order to make room for other brands. Walter knows that the Saitama brand does not meet the
specifications that the customer is looking for, but, to make his sales numbers look better and to please his manager, Walter tells the customer that Saitama
televisions are exactly what they are looking for. The customer buys the Saitama television and goes home feeling like they got the best television to fit their
needs.
Becoming an expert on your organization
Answers
The strategies for promoting a positive service culture needs to be better taught to and practiced by the employee is: Becoming an expert on your organization.
What is the strategies for promoting a positive service culture ?The strategy of becoming an expert on your organization needs to be better taught to and practiced by the employee in this scenario.
By misrepresenting the capabilities of the Saitama television, Walter is not providing the best service to the customer and goes against the principle of putting the customer's needs first.
Becoming an expert on the products and services offered by the organization and being transparent about their capabilities would have helped Walter to better serve the customer and maintain a positive service culture.
Therefore becoming an expert on your organization is the strategies for promoting a positive service culture needs to be better taught.
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has an absolute advantage in the production of barley, and
has an absolute advantage in the production of alfalfa.
Lorenzo
pportunity cost of producing 1 bushel of alfalfa is
Neha
bushels of barley. Because Lorenzo has a
comparede advantage in the production of alfalfa, and
bushels of barley, whereas Neha's opportunity cost of producing 1 bushel of
opportunity cost of producing alfalfa than Neha,
has a comparative advantage in the production of barley.
has a
Answers
Answer:
Neha has an absolute advantage in the production of barley
Neha has an absolute advantage in the production of alfalfa.
Lorenzo 's opportunity cost of producing 1 bushel of alfalfa is 3 bushels of barley.
Neha's opportunity cost of producing 1 bushel of alfalfa is 4 bushels of barley.
lower, Lorenzo
Neha
Explanation:
Please check the attached images for the fulll question
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries
Neha has an absolute advantage in the production of both Alfalfa and barley because he produces more quantities of the commodity than Lorenzo.
For Lorenzo,
Opportunity cost of producing 1 bushel of alfalfa = 18 / 6 = 3 bushels of barley
Opportunity cost of producing 1 bushel of barley = 6 / 18 = 0.33 bushels of alfalfa
For Neha,
Opportunity cost of producing 1 bushel of alfalfa = 28 / 7 = 4 bushels of barley
Opportunity cost of producing 1 bushel of barley = 7 / 28 = 0.25 bushels of alfalfa
Lorenzo's opportunity cost in producing alfalfa is lower than that of Neha, thus, Lorezno has a comparative advantage in the production of alfalfa
Neha's opportunity cost in producing barley is lower than that of Lorenzo, thus, Neha has a comparative advantage in the production of barley
Read Chief Justice Taney's decision on the Dred Scott case (Major Problems, Ch. 13)explain how his decision impacted African Americans all over the United States.How do you think this decision affected abolitionists and supporters of slavery?
Answers
Chief Justice Taney's decision on the Dred Scott case had a significant impact on African Americans all over the United States. In his decision, Taney ruled that African Americans, whether free or enslaved, could not be considered citizens of the United States and therefore had no right to sue in federal court.
He also declared that Congress did not have the power to prohibit slavery in any territory, effectively nullifying the Missouri Compromise of 1820.
This decision further entrenched the institution of slavery in the United States and made it clear that the federal government would not protect the rights of African Americans. It also gave slaveholders the legal right to take their slaves into any territory, including those where slavery had previously been prohibited.
For abolitionists, Taney's decision was a severe blow to their cause. It undermined their efforts to end slavery and made it clear that the federal government was not on their side. For supporters of slavery, the decision was a victory, as it affirmed their belief in the legality and morality of slavery.
In summary, Chief Justice Taney's decision in the Dred Scott case had far-reaching consequences for African Americans and the institution of slavery in the United States. It strengthened the position of slaveholders and undermined the efforts of abolitionists to end slavery, perpetuating the injustice and inequality that would eventually lead to the Civil War.
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select a business from any of three business sectors
Answers
A business from any three business sectors is industry. Businesses clearly differ in what they do.
Businesses are frequently classified according to their industry or sector. An industry is a group of businesses which are related in terms of their primary activity, such as car manufacturing or grocery sales. Smaller industries (such as car manufacturing) can be grouped to larger industry sectors (such as the manufacturing sector in general). An individual business is classified as belonging to a specific industry based on its primary activity.
As a result, this company would be classified as belonging to the automobile manufacturing industry rather than financial services.
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Given the inverse DD and SS function as pd=90-Q and ps=[2Q+2]² find the CS for Qd =30 and pe= 40 and ps= for Qs=5 and 42, respectively Answer = CS is 1050 and PS is - 76.7
Answers
CS is 1050, representing the area between the demand curve and the price line. PS is -508322, indicating the producer's inability to cover costs.
In this question, we are given the inverse DD and SS functions, and we need to find the consumer surplus (CS) and producer surplus (PS) for certain given values. The inverse DD function is given as pd = 90-Q, which represents the demand curve, and the inverse SS function is given as ps = (2Q+2)², which represents the supply curve. We need to find the CS for Qd = 30 and pe = 40, and the PS for Qs = 5 and 42, respectively. To find the CS, we need to calculate the area between the demand curve and the price line, i.e., the difference between the willingness to pay (WTP) and the actual price paid. Here, the WTP is given by the demand function, which is pd = 90-Q. At Qd = 30, the WTP is pd = 90-30 = 60. The actual price paid is pe = 40. Therefore, the CS = WTP - price paid = 60 - 40 = 20. However, this is the value of the individual CS. To find the total CS, we need to integrate the CS over the entire demand curve, which gives us CS = ∫(90-Q-40)dQ = ∫50-QdQ = 50Q - (Q²/2) |\(_0^{30}\) = 1050.To find the PS, we need to calculate the area between the supply curve and the price line, i.e., the difference between the actual price received and the minimum supply price (MSP). The MSP is given by the supply function, which is ps = (2Q+2)². For Qs = 5, the MSP is ps = (2(5)+2)² = 98. For Qs = 42, the MSP is ps = (2(42)+2)² = 7396. The actual price received is given as 40, which is less than the MSP for both values of Qs. Therefore, the PS is negative, which indicates that the producer is not able to cover their costs. The PS is calculated as the area between the supply curve and the actual price received. Here, we have two values of Qs, so we need to calculate the PS for both and add them up. For Qs = 5, the PS = (40-98)(5) = -290. For Qs = 42, the PS = (40-7396)(42-5) = -508032. Therefore, the total PS = -290 - 508032 = -508322. Thus, the CS is 1050 and the PS is - 508322.In summary, we were given the inverse DD and SS functions and we needed to find the CS and PS for certain values. To find the CS, we calculated the area between the demand curve and the price line, which is the difference between the WTP and the actual price paid. To find the PS, we calculated the area between the supply curve and the price line, which is the difference between the actual price received and the MSP. The total CS was found by integrating the individual CS over the entire demand curve. The total PS was found by adding the PS for both values of Qs. The CS was found to be 1050 and the PS was found to be -508322.For more questions on demand curve
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Please post detailed answers to the following questions. Please use complete sentences.
Ben is starting an online store for rare musical instruments, and he is hoping to make it the kind of company that people are fighting to become part of. What are some of the things Ben might do to make this happen?
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In order to make the online musical instruments store more popular and desirable in the market, Ben can:
1. Build a strong brand: Ben can invest in creating a strong and unique brand for his store.
This can include creating a catchy logo and slogan, using consistent colors and fonts across all products, and creating a unique brand voice that resonates with your target audience.
2. Build a sense of community: Ben can build a community around his store by hosting events and workshops that bring musicians and music lovers together. It can also create social media groups and forums where customers can share their knowledge and connect with like-minded people.
3.Overall, with a focus on offering unique products, building a strong brand, creating a sense of community, providing excellent customer service, and having a good understanding, Ben can do his online shopping for rare vehicles and find a company.
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As the HR director of Clearwater Electronics, you know it is important for HR to be as close as possible to where the people and problems are located. Which reason best explains why it is important for HR to know the line managers and their needs?
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HR needs to know line managers and their needs because line managers are responsible for their employees, it is necessary for HR to empower them to implement HR initiatives and make sure they are successfully carried out.
Line managers are in direct contact with their employees and as their managers, are responsible for them. For this reason, HR people much work with line managers to ensure that the line managers use best practices with their employees.
To do this, the HR needs to empower line managers with skills to carry out HR initiatives.
Other reasons they need to work together include:
for the good of the company to ensure that line managers get people with the relevant skillsIn conclusion, HR people need to know line managers and their needs so that they can help them best manage those under them.
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Options for this question are:
Because line managers are the ones responsible for interviewing and hiring potential employees, it is best that HR collaborate on recruiting efforts to ensure the right people are hired.
Because line managers are on the front line, HR needs to ensure they and their employees are protected from legal ramifications should something go wrong.
Because line managers are responsible for the health and safety of their employees, it is necessary for HR to provide training to prevent accidents.
Because line managers are responsible for their employees, it is necessary for HR to empower them to implement HR initiatives and make sure they are successfully carried out.
In what ways would managing temporary workers be easier than managing traditional permanent employees? In what ways would it be more difficult? What differences would likely exist in your own behavior if you were in a contingent or temporary job versus a traditional permanent job?
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Managing temporary workers can be easier in some ways as they do not require a long-term commitment from the employer, and they are often hired for specific projects or periods of time. This can make it easier to adjust the workforce according to the company's changing needs. Additionally, the company may not be responsible for providing benefits such as health insurance or paid time off, which can save on costs.
However, managing temporary workers can also be more difficult in some ways. For example, temporary workers may require more training and supervision since they are not as familiar with the company's policies and procedures. Additionally, they may not be as invested in the company's success since they are not permanent employees, which could result in lower productivity and motivation.
If I were in a contingent or temporary job versus a traditional permanent job, I would likely behave differently. In a temporary job, I may feel less invested in the company and more focused on completing my assigned tasks, since there is no long-term commitment. In a permanent job, however, I would likely feel more invested in the company's success and would be more willing to take on additional responsibilities or go the extra mile to help the company achieve its goals.