While outsourcing production may reduce manufacturing costs for companies, product prices are influenced by various factors such as transportation, tariffs, marketing, distribution, and markets for cars.
When companies outsource production to countries with lower labor costs, they can indeed save money on manufacturing expenses. However, the price of a product is not solely determined by production costs. There are several other factors that can affect the pricing of products.
Firstly, transportation costs play a significant role. Outsourcing production to a different country often involves shipping the finished products back to the domestic market, which incurs additional expenses for logistics and transportation.
Secondly, trade tariffs and import/export taxes can add costs to the imported products. These charges can vary depending on the specific trade agreements, policies, and regulations between countries. Higher tariffs can increase the overall price of imported goods.
Additionally, marketing and distribution costs also contribute to the final price. Companies invest in advertising, promotions, and establishing distribution networks, which incur expenses that are factored into the product's price.
Moreover, companies must consider local market conditions and competitive dynamics. Pricing strategies are influenced by factors like consumer demand, perceived value, competitor pricing, and profitability targets. Companies aim to maximize their revenue and maintain a competitive position, which can influence their pricing decisions.
Therefore, while outsourcing production may lead to cost savings for companies, the final price of products is influenced by a range of factors beyond manufacturing expenses. Transportation costs, tariffs, marketing, distribution expenses, and local market conditions all play a significant role in determining the price that consumers pay for products.
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2. Marcus Gardner is buying a new computer
for $1,299.50. He made a 12% down pay-
ment. How much money did he put down?
A $155.94
B $120.00
C $212.84
D $420.50
(Step by step ) plz
Answer:
A $155.94
Explanation:
A down payment is an initial payment that is paid cash to the buyer. It is the same as the deposit. Marcus must have been buying the compute of credit. The down payment or deposit shows that the customer is serious about buying the item.
The deposit that Marcus paid is 12%.
The cost of the new computer is $1,229.50
The deposit will be 12% of $1,229.50
=12/100 x $1,229.50
=0.12 x $ 1,229.50
=$155.94
An analysis of 222Cool Company’s liabilities disclosed the following: accounts payable after deducting debit balances
in supplier’s account amounting to P22,500 (accounts payable included non-trade liabilities of P32,500) P105,000;
accrued expenses, P15,000; credit balances in customer’s account P13,500; stock dividend payable, P70,000; claims
for increase in wages and allowances by employee of the company, covered in a pending lawsuit, P125,000; estimated
liabilities for premium, P60,000. How much should be presented as total current liabilities in the statement of financial
position?
a. 6,000
b. 168,500
c. 183,500
d. 216,000
216,000 should be presented as total current liabilities in the statement of financial position. In fiscal account, a liability is defined as the unborn offerings of profitable benefits that the reality is obliged to make to other realities as a result of once deals or other once events, the agreement of which may affect in the transfer or use of means, provision of services or other yielding of profitable benefits in the future.
accounts payable- trade and non-trade (105000+ 22500) 127,500
Accrued expenses 15,000
Credit balances of customer's account 13,500
Stock dividends payable- equity account --
Claims for increase in wages and allowances by employees
of the company's covered in a pending lawsuit --
Estimated liabilities for premium 60,000
Total 216,000
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when the title search found that the barn at 1000 oak lane encroached by five feet onto the neighbor's property, the neighbors could have
When the title search found that the barn at 1000 Oak Lane encroached by five feet onto the neighbor's property, the neighbors could have several options to address the situation. Here are some possibilities:
Negotiate a Boundary Agreement: The neighbors could discuss the encroachment issue and come to a mutual agreement regarding the use of the land. They may agree to adjust the property boundaries, either by allowing the encroachment to remain or by formalizing an agreement that specifies the usage rights and responsibilities for the affected area. Grant an Easement: The neighbors could enter into an easement agreement, which grants the property owner of 1000 Oak Lane the right to continue using the encroached area for a specific purpose, such as maintaining the barn. The easement would establish the rights and restrictions for both parties regarding the encroached area. Seek Legal Remedies: If the neighbors are unable to reach an agreement or if the encroachment is causing significant issues, either party may choose to pursue legal action.
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2. Where does Steve Jobs’ power and influence come from?
Answer:
working with apple and creating the mac
Explanation:
What industries were the members of the national negro business league you reviewed involved in?
What are healthcare cost estimates for a retired couple starting in 2030 and 2040?
pls help this is really important i don't want to fail
The healthcare cost that estimates for a retired couple starting in 2030 and 2040 is the $16·04 trillion and $24·24 trillion.
What is healthcare cost?Healthcare cost is defined as the actual expenditures of providing health-care services, such as procedures, drugs, and therapies.
According to the past trends and relationships, in 2030, the healthcare cost are $16·04 trillion and, in 2040, $24·24 trillion (20·47–29·72) will be spent on health.
In terms of per capita growth, this rises from $1279 in 2014 to $2872 (UI 2426–3522) in 2040, with an annualised rate of 30% (24%–38%).
Therefore, according to the estimations, the healthcare cost for 2030 is $16·04 trillion.
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What changes is the new CEO Martin planning to bring into Idle Time’s management practices?
In order to answer the question you need to add the choices so I can solve it properly.
Explanation:
Which is better 21 jump street or 22 jump street?
Answer:
according to my calculation its 21.
Explanation:
Why are wages and salaries generally determined by the market for labor?
According to maximum economics textbooks, our wages and salaries are decided similar to another price: with the aid of using deliver and call for. People deliver their labor, and organizations call for it, growing a marketplace for labor.
Many dealers and shoppers of exertions services. Consequently, salary and salaries are decided by the intersection of the call for exertions and the deliver for exertions. A curve displaying the one-of-a-kind portions of exertions employers are inclined to lease at one-of-a-kind salary quotes in a given time period, ceteris paribus.
Wages are determined via way of means of deliver and demand, however they may be encouraged via way of means of an extensive kind of factors, along with the price of dwelling in a selected area, the presence of a union and the present-day minimal wage.
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1. Which of the following BEST defines a down payment?
1. A down payment is a portion of the purchase price that increases the loan amount.
2. The down payment is the good faith escrow deposit.
3. A down payment is a portion of the purchase price that reduces the loan amount.
4. The down payment is the total amount borrowed for purchasing or leasing a car.
Answer:
3
Explanation:
It has to be this one because it is intial payment to help someone.
What Do Banks Do With Their Deposits?
Answer: When a person deposits money into their bank account, the bank can then lend other people that money. The depositing customer gains a small amount of money in return (interest on deposits), and the lending customer pays a larger amount of money to the bank in return (interest on loans).
Explanation: I think
A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 5 percent. This firm is earning $15 on every $150 invested by its founders. Instructions: Enter your answers as whole numbers. a. What is its percentage rate of return? b. Is the firm earning an economic profit? If so, how large? c. Will this industry see entry or exit? d. What will be the rate of return earned by firms in this industry once the industry reaches long-run equilibrium?
Answer and Explanation:
The computation is shown below:
a. The rate of return in percentage is
= return ÷ investment
= $15 ÷ $150
= 10%
b. The economic profit is
= rate of return - normal profit rate
= 10% - 5%
= 5%
c. As the economic profit is more than 0 so it should be the entry
d. The rate of return in the long-run equilibrium to the 5% as the rate of return should be equivalent to the normal rate of profit
If you are the buyer and your closing costs are 4% of the loan amount, how much will you pay if the loan amount is $200,000?
Answer:
$8,000
Explanation:
Closing costs are fees levied on mortgage takers. They are paid at the closing stages of a mortgage to cover the costs of transferring the title to the buyer and other expenses.
If the mortgage is $200,000 and closing costs at 4%, the actual amount to be paid as the closing cost will be,
= 4% of $200,000
=4/100 x $200,000
=0/04 x $200,000
=$8,000
Desarrollo el siguiente ejercicio aplicando los conocimientos aprendidos. Descargo el
programa DIMM Multiplataforma desde la página web del SRI, y en función del formulario
del IVA del mes de enero que consta al final de esta página, realiza en el DIMM la
110
declaración del IVA de un emprendimiento que no esté obligado a llevar contabilidad, con
estos datos (los valores indicados están sin IVA):
• 2 de enero, compra medicamentos por $ 5 000 en Industrias Fármacos S. A.
• 2 de enero, compra 1 000 frascos de champú por $ 2 500 a la empresa Cabello Lindo.
• 4 de enero, compra 800 frascos de 100 ml de alcohol antiséptico a industrias Alcoholes
Buenos, por el valor de $ 800.
• 5 de enero, vende medicamentos por $ 2 200 al Hospital Todos Sanos.
• 6 de enero, vende 560 frascos de champú a un distribuidor a $ 3,00 cada uno.
• 7 de enero, paga los servicios del Dr. David Báez, químico-farmacéutico por $ 600.
• 8 de enero, compra pañales desechables por $ 1 500 a Tito S. A.
• 9 de enero, vende 400 frascos de alcohol antiséptico a Sra. María Agapito por $ 400.
• 10 de enero vende pañales desechables a un Micromercado Cía. Ltda. Por $ 700.
• 17 de enero, vende cristalería por el valor de $ 3 500 a la empresa Los Andes S. A.
• 18 de enero, vende 50 cajas de esferográficos azules por $ 700 a una papelería.
• 23 de enero, compra 1 200 frascos de champú a Cabello Lindo por $ 300.
• 20 de enero, vende 30 camisetas por el valor de $ 90.
• 25 de enero, vende pañales desechables por $ 700 a la señora Pepita Cerezo.
• 2 de febrero, vende materiales de limpieza por $ 135.
• 3 de febrero, paga servicio telefónico por $ 60 a CNT S. A.
• Los clientes le han retenido $ 280 de IVA.
• 5 de febrero, paga sueldos por $ 7 000 al personal que consta en el rol.
ayuda
If the marginal benefits and costs are equal, the city should clean up pollution up to this optimal level. The optimal level of pollution cleanup may vary depending on veriety of factors such as the type of pollution, its impact on human health and the environment, and the available technologies and resources for cleanup.
Determining the optimal level of pollution cleanup for a city requires weighing the marginal benefits and costs of cleaning up different levels of pollution. Marginal benefits are the additional benefits gained from each additional unit of pollution cleaned up, while marginal costs are the additional costs incurred from each additional unit of pollution cleaned up.
In this scenario, the marginal benefits and costs of cleaning up 25 and 200 units of pollution are not provided, so we cannot determine the optimal level of pollution cleanup based on these specific numbers. However, we can use the concept of marginal analysis to determine the optimal level of pollution cleanup when the marginal benefits and costs are equal.
When marginal benefits and costs are equal, it means that the last unit of pollution cleaned up provides benefits that are equal to the costs incurred to clean it up. This is known as the optimal level of pollution cleanup, as any additional cleanup beyond this point would result in marginal costs exceeding marginal benefits.
Therefore, it can be inferred that if the marginal benefits and costs are equal, the city should clean up pollution up to this optimal level, as it maximizes the net benefits gained from pollution cleanup. Whether the city should clean up any pollution at all would depend on the costs and benefits of doing so.
It's worth noting that the optimal level of pollution cleanup may vary depending on multiple factors.
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The correct question is :
What is the optimal level of pollution cleanup that the city should undertake, based on the marginal benefits and costs of cleaning up 25 and 200 units of pollution, and should the city clean up any pollution at all, given that the marginal benefits and costs are equal at the optimal level?
all over the globe commodities (e.g. corn, wheat, beans) are priced in united states dollars in order to standardize prices and make exchanging goods easier. in economic terms, this represents how the dollar is:
The fact that commodities like corn, wheat, and beans are priced in United States dollars worldwide is an example of how the dollar functions as a global currency. In economic terms, this represents the dollar's role as the dominant reserve currency.
Here's a step-by-step explanation of what this means:
1. Standardizing prices: Pricing commodities in United States dollars allows for a common benchmark across different countries. This means that regardless of where you are in the world, you can compare the prices of corn, wheat, or beans in the same currency, which makes it easier to understand and compare their values.
2. Global exchange: The use of the dollar as a pricing currency simplifies the process of exchanging goods. When a buyer and seller from different countries agree on a price in dollars, they don't need to worry about fluctuating exchange rates or the costs associated with converting one currency to another. This facilitates international trade and reduces transaction costs.
3. Reserve currency: The widespread acceptance of the dollar as a pricing currency reflects its status as a global reserve currency. Many central banks around the world hold significant amounts of US dollars as part of their foreign exchange reserves. This is because the US dollar is considered a stable and reliable currency, widely accepted for international transactions.
4. Economic influence: The use of the dollar as a global pricing currency gives the United States economic influence on a global scale. It allows the US to have a greater say in international trade and financial transactions, as well as influence exchange rates and global economic stability.
In conclusion, the pricing of commodities in United States dollars helps standardize prices and facilitate global trade. It also reflects the dollar's role as a dominant reserve currency, which grants the United States economic influence on a global level.
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In economic terms, the fact that commodities such as corn, wheat, and beans are priced in United States dollars worldwide reflects the dollar's role as a global reserve currency.
This means that the dollar is widely accepted and trusted for international trade and investment.
1. Standardizing prices: Pricing commodities in a single currency, in this case, the United States dollar, helps to simplify and streamline international trade. It provides a common benchmark for buyers and sellers around the world, making it easier to compare prices and negotiate deals.
2. Reserve currency: The United States dollar is considered a global reserve currency, meaning it is held in significant quantities by governments and central banks worldwide. This status is due to factors such as the size and stability of the US economy, the depth and liquidity of its financial markets, and the widespread acceptance of the dollar for international transactions.
3. Acceptance and trust: The wide acceptance and trust in the US dollar make it a preferred currency for pricing commodities. This is because it is highly liquid and readily convertible into other currencies. Additionally, many international contracts and agreements are denominated in dollars, further reinforcing its importance in global trade.
In conclusion, the pricing of commodities in United States dollars reflects the dollar's role as a global reserve currency, which provides standardization and ease in exchanging goods worldwide. This arrangement simplifies international trade and is a testament to the acceptance and trust in the US dollar as a widely recognized medium of exchange.
All over the globe, commodities like corn, wheat, and beans are priced in United States dollars. This practice serves an important economic purpose. By pricing these commodities in a single currency, it standardizes prices and simplifies the process of exchanging goods internationally. This means that buyers and sellers can easily compare prices and negotiate deals, regardless of their location.
This arrangement is made possible because the United States dollar holds the status of a global reserve currency. This means that it is widely accepted and trusted for international trade and investment. Many governments and central banks hold significant quantities of US dollars, and the currency is highly liquid and easily convertible into other currencies.
The use of the US dollar as a pricing currency for commodities demonstrates the acceptance and trust placed in the currency, reflecting the importance of the United States in global trade. It also highlights the stability and attractiveness of the US economy and financial markets. By pricing commodities in dollars, the global economy benefits from the standardization and efficiency this practice provides.
In conclusion, pricing commodities in United States dollars serves to standardize prices, simplify international trade, and reflects the status of the US dollar as a global reserve currency.
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Excuse me,
(ಠ_ಠ)
ง ง
what three factors determine a product’s elasticity?
The presence of alternatives, how much of a portion of people's income goes towards the cost of the commodity, and the passage of time all affect how elasticity demand is. Since people have more options when there are more replacements.
They are more sensitive to price changes. Several variables, including the availability of substitutes, the timescale, the percentage of income, whether a commodity is a luxury or a necessity, and how narrowly the market is defined, can influence how elastic (or inelastic) the price elasticity of demand is. Elasticity declines as temperature rises. Depending on the impurity supplied, metal's elasticity may alter.
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For those brave enough to act effectively now to stabilise and protect your business and maintain liquidity, opportunity will come." Explain whether the Statement of Cash Flows is able to illustrate the ‘liquidity' of an entity to its users and provide ONE recommendation how companies can maintain liquidity during this pandemic.
Answer:
1. Yes. Cash flows are able to illustrate liquidity.
2. Recommendations
a. Reducing levels of Inventory.
b. Negotiating Longer credit settlement period with suppliers.
Explanation:
One of the uses of a Cash flow Statement is its use in negotiating loans with bank and other lenders. Of interest to these parties is the liquidity of the entity.
Liquidity is the ability of an entity to honor its short-term obligations using its current assets. Liquidity is reflected in the Cash flow from Operating Activities of the Cash flow Statement.
Recommendation
Companies can maintain liquidity through reducing levels of inventory. Inventory ties up cash. Negotiating longer credit settlement period with suppliers can also increase liquidity.
At the start of the year, Winston Company’s Allowance for Doubtful Accounts had a credit balance of $14,000. During the year, it had credit sales of $1,500,000. It also wrote-off $60,000 of uncollectible accounts receivable during the year. Past experience indicates that the allowance should be 3% of the balance in receivables. If the accounts receivable balance at December 31 was $300,000, what is the required adjustment to the Allowance for Doubtful Accounts that is needed at year-end?
To calculate the required adjustment to the Allowance for Doubtful Accounts at year-end, we need to determine the desired balance of the allowance based on past experience. Winston Company's credit sales during the year were $1,500,000, and the accounts receivable balance at December 31 was $300,000. The past experience suggests that the allowance should be 3% of the balance in receivables.
The desired balance of the allowance for doubtful accounts can be calculated by multiplying the accounts receivable balance at year-end by the desired percentage. In this case, the accounts receivable balance at December 31 was $300,000. Therefore, the desired balance of the allowance for doubtful accounts is $300,000 * 3% = $9,000.
To adjust the allowance for doubtful accounts, we need to compare the desired balance with the existing balance. The existing balance of the allowance at the start of the year was a credit balance of $14,000. If the desired balance is lower than the existing balance, a debit adjustment is needed to reduce the allowance. In this case, the required adjustment would be $9,000 - $14,000 = -$5,000. This means that a debit adjustment of $5,000 is needed to bring the allowance to the desired level at year-end.
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What type of promise to pay does a promissory note represent?
OA. Temporary
OB. Negotiable
OC. Conditional
OD. Unconditional
The type of promise to pay that a promissory note represents is unconditional. Option D is correct.
A promissory note represents an unconditional promise to pay. It is a legally binding document that outlines the borrower's commitment to repay a specific amount of money to the lender within a specified timeframe.
The terms and conditions of the loan, such as the interest rate, repayment schedule, and any other relevant terms, are typically included in the promissory note.
Unlike a conditional promise, which would depend on certain events or circumstances, a promissory note represents a clear and absolute obligation to repay the borrowed funds. The lender can generally enforce the promissory note if the borrower fails to meet their repayment obligations.
Therefore, the correct answer is D. Unconditional.
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What economic system is “prices by the government”?
Lind co.'s salaries expense of $10,000 is paid every other friday for the 10 workdays then ending. lind's employees do not work on saturdays and sundays. the last payroll was paid on june 18. on wednesday, june 30, the month-end balance in the salaries expense account before accruals was $14,000. what amount should lind report as salaries expense in its income statement for the month ended june 30
The amount that Lind Co. should report as salaries expense in its income statement for the month ended June 30 would be $20,000.
What is salaries expense?Salary expenses are the costs incurred by an employer to pay its employees for services rendered. This includes any type of wages, bonuses, commissions, or other forms of compensation. Salaries are typically the largest component of a company's total expense budget. They represent the amount of money a business pays to its employees for their labor, which is usually calculated as a percentage of their total income. Salary expenses can also include benefits such as health insurance and vacation time. Companies may also be required to pay taxes on salaries, depending on the jurisdiction in which they operate. Salary expenses are typically tracked and monitored closely by both management and accounting teams to ensure that they are within budget.
This is calculated as follows:
Salaries expense for 10 workdays (June 19 to June 30): $10,000 x 2 = $20,000.
Plus the month-end balance in the salaries expense account before accruals (June 18): $14,000.
Total salaries expense for the month of June: $20,000.
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What is the new law the American government enacted for promoting small businesses in the country?
O The Small Businesses Act of 1954.
O The Small Businesses Act of 1953.
O The Small Businesses Act of 1955.
O The Small Businesses Act of 1958.
Answer:
The Small Businesses Act of 1953.
Explanation:
In the United States of America, majority of the competitive landscape or business environment is made up of small business enterprise.
The Small Business Administration (SBA) is an agency of the federal government that is saddled with the responsibility of providing both managerial and financial assistance to small businesses in the United States of America.
The Small Businesses Act of 1953 was enacted as an Act of Congress on the 30th of July, 1953 by the Congress of the United States of America to create the Small Business Administration (SBA).
Hence, SBA was established in 1953 as an autonomous (independent) agency of the government of the United States of America to aid, counsel, assist and protect American entrepreneurs and to preserve small business institutions.
Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.
The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, so as to provide them with the necessary funds required to plan, start and grow their business.
Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.
In conclusion, the Small Businesses Act of 1953 was the new law the American government enacted for promoting small businesses in the country.
When multiple performance obligations exists in a contract, they should be accounted for as a single contract performance obligation when:________
When multiple performance obligations exists in an exceedingly contract, they ought to be accounted for as one contract performance obligation when each service is interdependent and interrelated.
An interdependent and interrelated service means the service can not be separated, one can't be said to own been concluded without concluding the opposite, invariably they'll be accounted for as one performance obligation. The merchandise can not be distinct for a definite product means the performance may be separated and it must be determinable for this an obligatory attribute of a contract. A definite performance obligation means it is not a multiple performance obligation.
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i. What is meant by derive demand? a. The demand is derived in beginning economic classes.
b. The demand is derived from income, tastes, etc. of sellers.
c. The demand is derived from the price elasticity of demand.
d. The demand for a resources id derived from the demand for what it can produce.
Answer:
D is the answer ( The demand for a resources is derived from the demand for what it can produce.)
Explanation:
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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paxton makes a gift of real estate in his will to orinda. this gift is
In this scenario, Paxton makes a gift of real estate to Orinda through his will. This gift is known as a bequest, which refers to the act of giving property by means of a will.
A bequest is a specific type of gift that is made through a will or testamentary document. It allows the testator, or the person making the will, to transfer ownership of property to an individual or organization after their death.
In this case, Paxton is making a gift of real estate to Orinda through his will, meaning that the transfer of ownership will not occur until after his death.
Bequests can be made to anyone, including family members, friends, charitable organizations, and others, and can take many forms, such as cash, personal property, real estate, or other assets.
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_____________ was the founder of the institutionalist school of economics and was also a critic of marginalist theory.
Thorstein Veblen was the founder of the institutionalist school of economics and was also a critic of marginalist theory.
What was Thorstein Veblen known for?
Veblen is most known for his book The Theory of the Leisure Class, which popularized the term "conspicuous consumption" (defined as consumption done to flaunt one's class or achievements to others). Veblen is best recognized for this phrase more than any other.
What did Thorstein Veblen meant by conspicuous consumption?
Displaying extravagant riches to improve one's standing and reputation in society is known as conspicuous consumption. American economist and sociologist Thorstein Veblen originally addressed the subject in his book "The Theory of the Leisure Class" published in 1899.
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Which is an example of an accounting function for a business?
1.) Designing print advertisements
2.) Preparing a balance sheet
3.) Hiring employees
4.) Testing computer software
Help!
Which federal agency oversees how clean and how appropriately a restaurants prepare and store foods?
Answer:
FDA's Center for Food Safety and Applied Nutrition (CFSAN) seeks to ensure that these foods are safe, sanitary, nutritious, wholesome, and honestly and adequately labeled.
Explanation: