The cross elasticity of demand for senior workers is 1.5. Senior workers and entry-level workers are gross complements.
The scale effect dominates in this example.
If the wage of the entry level workers increase, the demand curve would shift to the right.
What is the crosss price elasticity?
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
Cross price elasticity = 15% / 10 = 1.5
Complement goods are goods or resources that are used together. As a result of the decline in wages, senior workers would be laid off. This means that senior workers and entry level workers work together.
What is the effect on the demand curve if the wages of entry level workers increase?If the wage of the entry level workers increase, the demand for senior workers wouuld increase. This would lead to a shift to the right of the demand curve for senior workers.
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A price-taking firm: ______________
a. cannot influence the price of the product it sells b. talks to rival firms to determine the best price for all of them to charge c. sets the product's price to whatever level the owner decides upon d. asks the government to set the price of its product
A price-taking firm is a type of firm that cannot influence the price of the product it sells.
What is a price taking firm?A price-taking firm is a firm that cannot set the price for its goods and services. An example of a price-taking firm is a perfect competiton. A price-taking firm exists because there are many sellers of identical goods in the industry.
For price-taking firms, prices are set by the forces of demand and suppply.
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Identify the kind of sample that is described.
A restaurant manager asked every person in line at the restaurant about the new commercial jingle.
Answer:
9x-4=-18
Explanation:
do you know what this is because I have a state testa coming up and I been lacking in math class
Employees and customers are treated like a family at Rahal Realty. Fadil and Inas Rahal, the owners, work to encourage unity to increase their employees' job satisfaction and commitment. At their realty, the Rahals have built a(n) ________ culture.
The type of culture that Rahals built was clan culture, when the owners, work to encourage unity to increase their employees' job satisfaction and commitment.
What is clan culture?A clan culture can be regarded as a tribe-like type of corporate environment which believe in
commonality of goals and values.
Clan cultures usually appears as collaborative and the least competitive of the main corporate culture models.
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To determine a product selling price based on the total cost method, management should include: Multiple Choice Total product and selling, general, and administrative costs plus a markup. Total selling, general, and administrative costs plus a markup. Total product costs plus a markup. Only a markup. Total product and selling, general, and administrative costs only.
If one wants to determine the selling price of a product using the total cost method, the management should use Total product costs plus a markup.
What is total cost method?When using the total cost method, the company takes into account the full cost of producing the good in question. This includes total product cost only.
A markup is then added to the total cost to find a suitable selling price that allows for a projected level of profit.
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A tall organizational structure is usually more responsive to customer demands.
Devon is accused of robbing a jewelry store and is summarily thrown in jail. Which law or principle of law will help Devon in this situation?
Answer:
Procedural Due Process
Explanation:
The Consumer Price Index (CPI)
is the tool used to measure
inflation. It is calculated
through which of the following
methods?
A. Door-to-door surveys
B. Online Questionnare
C. Census
You are headed off to college. Some close family members decide it would be a good idea to buy a house in the college town and then rent it out to students, with you also living there and actively managing it. Assuming you and your family buy it, what form of business would you select? and why?
The ideal type of business would be the sole proprietorship, as it is a structure that is easy to start and manage.
What is the sole proprietorship?It is a simpler business structure, which is managed by an individual, who has the responsibilities for the business, that is, in this configuration there is no legal distinction between the company and the owner.
Therefore, the sole proprietorship is less bureaucratic, being able to close the business at any time, or change type as the business grows and requires greater responsibility.
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Employers pay ___ ___ ___ ___ (__) to the unemployment insurance system
Answer: employers: The UI program is financed by employers who pay unemployment taxes on up to $7,000 in wages paid to each worker. The actual tax rate varies for each employer, depending in part on the amount of UI benefits paid to former employees. Thus, the UI tax works much like any other insurance premium.
Explanation:
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how can both stocks and bonds generate a positive return for investors
A. paying dividends
B. Paying Interest
C. Tax Deduction
D. Price Appreciation
A stock and bond can generate a positive return for investors by tax deduction.
What is a stock and a bond?
A bond is a debt instrument used by businesses to raise capital needed for business operations. Bondholders earn interest on the amount invested and at the maturity of the bond, they are paid back the amount invested.
A stock gives the holders ownership right in the company. Shareholders are paid dividends and when the value of the company appreciates, the wealth of shareholders increases.
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Which of the following characteristics is associated with a general ledger?
a.)
This is also known as the original book of entry.
b.)
If it is May, then the accounting transactions for February, March, April and May are listed.
c.)
It is categorized by account.
d.)
It is the initial documentation of a financial transaction as it originates.
Answer:
c.)
It is categorized by account.
Explanation:
The feature associated with a general ledger is that It is categorized by account. Thus, option C is correct.
What is general ledger?Account numbers used to identify different sorts of financial transactions are known as General Ledger Accounts (GLs). Revenues, costs, and transfers are the most widely utilized GLs. A "chart of accounts" is a detailed list of all the accounts in an accounting system.
Characteristics of a Ledger Account are stated as follows:-
A Ledger book is an Accounts book in which various business transactions are recorded under various accounts.It employs the double-entry method.It is also referred to as the Principal book of Account, since it is the book where transactions are finalized after the journal or all-purpose books.All forms of Accounts pertaining to assets, liabilities, capital, and revenue are stored in the Ledger.It is the sole record of a business transaction that has been categorized into relevant Accounts.It makes future financial summary preparation easier.Therefore, option C is correct.
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hurry!!!! (economics) This graph shows changes in GDP and the unemployment rate in the United States in recent years.
A graph titled Annual Change in U S Unemployment and G D P from 2005 to 2012 has year on the x-axis and percent of change on the y-axis, from negative 4 to 4 in increments of 2. Between 2008 and 2009 the G D P decreased by about 3 percent. Between 2008 and 2009, the unemployment rate increased about 1.5 percent. When unemployment was at the highest point, G D P was at the lowest point.
Which statement most accurately describes the trends shown on this graph?
When GDP falls, unemployment rises.
GDP and unemployment have little to do with each other.
When GDP rises, unemployment rises as well.
GDP and unemployment rise at times of world crises.
Answer:
A. When GDP falls, unemployment rises.
Explanation:
To pursuer a career in business information management you need a degree or certification in
Answer:
business administration or business information management
Explanation:
Which of the following education levels offer a shop class in industrial arts?
A: High school program
B: Associate program
C: Bachelor's program
D: Doctoral program
Answer:
B. Associate program
Explanation:
Correct me if I'm wrong
Associate program offers a shop class in industrial arts. Thus, option B is correct.
What is industrial Arts?An educational program called industrial arts emphasizes the creation of wooden or metal things utilizing a variety of hand, power, and machine tools. Commonly referred to as technology education, industrial arts. Small engine repair and car maintenance are possible, and technical drawing is typically covered in all programs' curricula.
The phrase "industrial arts" was first used in education in 1904 by Charles R. Richards of Teachers College, Columbia University in New York, who proposed it as a replacement for physical labor. Industrial arts lessons, also referred to as "shop class" in the US, introduce kids to the fundamentals of house maintenance, physical labor, and machine safety. The majority of industrial arts programs were developed in general rather than specific trade schools.
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Unearned Revenues are a/an
a. Asset
b. Liability
c. Revenue
d. Expense
Which of the following statements describes the most likely reason why
ethical employees are important for a company?
O A. It can show caring.
O B. It can show morality.
O C. It can feel good.
O D. It can save money
Answer:
D. they can save money this way.
How does the conceptual Framework explain the role of stewardship?
Answer:
The new Conceptual Framework emphasises that investors need information about both: • financial performance—income and expenses; and • financial position—assets, liabilities and equity. It also gives guidance on reporting financial performance.
Answer:
Providing information needed to assess management's stewardship is identified as an additional objective of financial reporting,
Explanation:
How does the Conceptual Framework explain the role of stewardship? A. Providing information needed to assess management's stewardship is identified as an additional objective of financial reporting, equal in prominence to providing financial information useful to users in making decisions relating to providing resources to the entity
i hope this helped you! good luck on your quiz or lesson!
____ records include personal information, employment history, performance evaluations, compensation records, and other information needed by the company
Answer:
Personelle I think
Explanation:
Jack Dossey wears socks of two colours - Yellow and Orange. He has altogether 20 yellow socks and 20 orange socks in a drawer. Supposing he has to take out the socks in the dark, how many must he take out to be sure that he has a matching pair?
how goal succession take place? explain the condition responsible for goal succession
the new or modified goals are incorporated or substituted for the existing one in such a manner that they do not change the spirit of the existing goals
The new goals are such that individuals or the organisation are willing to state publicly.
PLEASE HELP WITH THIS ASSIGNMENT
The United States is a mixed market economy based on the ideals of capitalism and a representative republic. However, some argue that the US government is too big and overreaching. Conversely, others argue the government is needed to protect consumers from deceptive business practices, and more regulation and government oversight is the answer. What are your thoughts? Is the US government too big or not big enough?
Answer:
Government is to big
Explanation:
The US government is overly expansive. Many regulations on private companies need to be removed because they only hurt small businesses and let big corporations monopolize certain markets.
What is the mixed market economy model in the USA?Due to the significant roles that both privately held companies and the government play, the United States is classified as a mixed economy. In fact, the relative contributions of the public and private sectors have been the subject of some of the longest-running discussions in American economic history.
Private ownership is emphasized by the American free-market system. The majority of goods and services are produced by private firms, and about two-thirds of the nation's total economic output is used by individuals for personal purposes. In fact, the importance of consumers is so enormous that the country is occasionally referred to as being a "consumer economy."
This emphasis on private hands stems in part from American views about individual liberty. Furthermore, most Americans believe that an economy dominated by private ownership will be more efficient than one dominated by government ownership.
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A strategic partnership with a supplier: _____________
a. Is a legal contract between a supplier and a buyer, binding them to certain financial obligations b. Is the ultimate object, or the end goal, that a company should have with every supplier c. Is a commitment over an extended period to work together to the mutual benefit of both parties
d. Is a significant benefit to the buyer, but may not be a significant benefit to the supplier
When suppliers are utilized more as “strategic partners” and simply suppliers of a product or service is for progressive purpose. Hence, it is the ultimate object, or the end goal, that a company should have with every supplier.
Strategic partnership with a supplierA strategic partnership program is an initiative that aims to transform the relationships of your most strategic suppliers into true strategic partners.
The company activates all of the resources that a supplier may have, including historical knowledge, experience and even data.
Therefore, the correct answer is option B.
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George is going shopping for a new car to replace his old one. Which of these costs would be
relevant in deciding between cars:
O the annual cost of George's driver's license renewal
the fixed title fee for a new auto
o the value of his existing auto
O the cost to operate the new vehicles (e.g., miles per gallon for each car)
The cost that would relevant in the choice of a new car is the the cost to operate the new vehicles.
What cost would be relevant?The cost that would be relevant in the choice of a new car is the cost that is dependent on the type of car chosen. The cost to operate the new car would depend on the type of car chosen. If George buys a more fuel efficient car, the cost of running the car would be cheaper.
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Define “supply” for commodity
Answer:
The supply of a commodity is the amount of the commodity which the sellers or producers are able and willing to offer for sale at a particular price, during a certain period of time.
Note: Hope it helped
Contract buying a. A practice where big businesses would put a contract out on labor union leaders b. A practice where large businesses would buy out their smaller competitors c. A practice that exploited some white families' desires to buy homes in integrated neighborhoods d. A practice that exploited black families' inability to obtain regular home mortgages
It should be noyed that contract buying a practice where large businesses would buy out their smaller competitors.
What is Contract buying?Contract buying can be regarded as a practice whereby people with big business put a huge amount on an asset and complete it installmentally.
It is a way big business buy out their smaller competitors.
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What operations management function is most important to complete prior to inventory management? Part 2
Answer:
Strategy. Planning, organizing, and strategizing the daily operations and routine is the primary function of operations management. A well-planned implemented strategy can help in meeting the deadlines and production goals of an organization
Explanation:
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please help me, I'll give brainliest
Answer:
600
Explanation:
Which of the following does NOT influence the effectiveness of a chemical sanitizer solution?
Concentration
Temperature
Cost
Contact time
The cost of a solution does not influence the effectiveness of a chemical sanitizer solution.
What is the chemical sanitizer solution?The effectiveness of the sanitizer means the ability of the solution to clean the surface applied to effectively.
Some factors that influence the effectiveness of a chemical sanitizer solution includes:
concentrationtemperaturecontact timewater hardnesspH etc.Therefore, the Option C is correct.
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John is a community association manager. which best describes his education
Answer:
Technician degree
Explanation:
To be a community association manager he has to have a technician degree.
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