Firms usually engage in a lot of activates for profit. Zero economic profit may continue to earn profit by reducing costs.
A monopolistic competitor, like some organizations often earn profits in the short run. The entry of some firms into the same market can bring about a shift in the demand curve faced by a monopolistically competitive firm.When economic profit is zero, an organization is known to be earning the same as when its resources were used in the next best alternative.
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Is zero economic profit inevitable in the long run for monopolistically competitive firms? In the long run, monopolistically competitive firms
A. will not continue to earn profit because the cost of production will rise as new firms enter the market.
B. may continue to earn profit by convincing consumers their products are different.
C. will continue to earn profit due to barriers to new firms entering the market.
D. may continue to earn profit by instead beginning to produce a product identical to competitors.
E. will not continue to earn profit because monopolistically competitive firms produce identical products.
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according to the behavioral approaches to leadership, how should companies create effective managers?
For companies to create effective managers, companies should: Train managers on task and relationship management.
An effective manager is someone who has the best interest of the company on mind and who has the skills to get things done.
For a manger to be effective it means such manager is task oriented and such person is more concerned on how he or she will more productive and efficient so as to accomplish their task.
Manager should have relationship management skill to build rapport with people or to relate with people regardless of their ethnics, sex, religion.
Inconclusion effective managers should be train managers on task and relationship management.
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Gloria has an option to purchase the cottage she leases from her landlord. She can exercise the option within the next two years. To gain that right, Gloria paid the landlord $5,000. This is called ______.
The option that Gloria has to purchase the cottage that she leases from her landlord is called An option fee.
Gloria has an option to purchase this property here. Under this option, she and the landlord would have a mutually agreed percentage on the purchase price.
Gloria paid her landlord the $5000 in order for her to have the right that would enable her to buy this property at a later date in the future.
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A collective good offers particularized benefits while private goods are broadly distributed. True False
A theater has fixed operating costs, such as electricity, salaries, and rent. What is this break-even point called
The fixed operating cost in the question is one of the requirement to be used to calculate the Break even units not the break-even point.
Usually, the break-even point is the point where the total revenue equals the total costs of the business.
In other word, the break-even point means that the expenses and revenue are equal and thus, the company will record neither a net loss or gain.
The formula used to derive the Break even unit is [Fixed Costs / (Sales price per unit – Variable costs per unit)}
Therefore, the fixed operating cost in the question is one of the requirement to be used to calculate the Break even units not the break-even point.
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Custom Quilters makes decorative comforters, quilted garments, and other products in a small sewing factory. The company expects to make 2,000 comforters during the current year. With respect to the comforters, how would the hourly wages of sewing machine operators be classified
Based on the comforters, the hourly wages of sewing machine operators would be classified as:
Direct and VariableAccording to the given question, we are asked to classify the hourly wages of sewing machine operators based on the decorative comforters.
As a result of this, we can see that because the company has a fixed number of comforters it wants to produce during the current year, then the hourly wages of the operators of the sewing machine can be classified as direct and variable.
Therefore, the correct answer is Direct and Variable
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if marginal cost exceeds marginal revenue, a profit-maximizing monopolist will
Answer:
Reduce marginal costs so that they equal marginal revenue.
Explanation:
Regardless of whether the producer is a monopolist, oligopolist, or in perfect competition, the profit-maximizing quantity is where marginal revenue equals marginal costs, or in other words the cost of producing the next unit of output is equal to the revenue earned by the next unit of sales. Any output before this holds an opportunity cost, and any output after this intersection is losing money.
When Maria’s friend mentioned an upcoming concert, Maria quickly thought about the new CD that was supposed to come out that day. This connection that occurred as a result of the word "concert" is an example of a __________. A. Semantic network B. Hierarchy C. Concept D. Schema.
The information illustrated is an example of a A. semantic network.
A semantic network means a source of information reflecting semantic relationships among approaches within a server. It is also used as the type of recognition of information.
While Maria's friend suggested an upcoming show, she was quick to assume of that same latest record that had been expected to be released that day. Therefore, the relationship that happened as a result of the concert is an illustration of the semantic network.
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Men and women may be paid different wages under the Equal Pay Act when payment is made pursuant to a _____.
Based on the Equal Pay Act of 1963, Men and women may be paid different wages under the Equal Pay Act when payment is made under a "seniority system, a merit system, or a system that measures earnings by quantity or quality of production."
This is to make men and women have equal pay except for seniority or merit to those who deserve higher pay.
The United States Congress signed the Equal Pay Act of 1963 under President John F. Kennedy in his New Frontier Program.
The Equal Pay Act of 1963 was made to amend the Fair Labor Standards Act.
Hence, in this case, it is concluded that the Equal Pay Act of 1963 only makes men earn higher than women when it is based on seniority or merit.
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Which department of the U.S. federal government was budgeted to spend over $582 billion on goods and services in fiscal year 2017, making it one of the largest B2B spenders in the country
according to the u.s. constitution, any tax levied by the government must be
Answer:
C. for the common defense or general welfare.
why do most businesses have no employees other than the owner
Most businesses have no employees other than the owner because it is the easiest form of business to run. I believe most of the business owners don't earn their entire income from the business because they have to pay all the bills for it, and etc.
Explain the term economic activity
Answer:
1] Income Generation. All economic activities will generate some form of income. It is not compulsory that such income...
Explanation:
When Jose compares his input/output ratio with that of his co-workers, he is satisfied that he is being treated fairly. What is Jose most likely to do as a result
the free market idea is generally associated with which economic system?
Answer:
The term “free market” is sometimes used as a synonym for laissez-faire capitalism. When most people discuss the “free market,” they mean an economy with unobstructed competition and only private transactions between buyers and sellers.
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According to the calculator, the monthly payment Demarco and Tanya should anticipate paying for principal and interest is $208. $877. $669. $1,200.
Principal rate is the amount which is gotten after parameters like the interest which is inversely proportional to the time multiplied by the rate of the amount for a specified amount of time.
Mathematically, it is represented as Principal= Interest/Time x Rate
As a result of this, we can see that the principal rate is a part of the parameters which is used to calculate the Simple Interest of a specified amount of money for a certain amount of time.
Please note that your question is incomplete so I gave you a general overview so that you would get a better understanding of the concept.
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Answer:
C. $669
Explanation:
If someone pretends to be your banking institution in order to convince you to tell them your password information, this is called
Spoofing occurs if someone pretends to be a bank to obtain passwords or any other important piece of information.
Spoofing describes a type of scam or cyber attack that involves:
A person or group of people pretending they are a trusted organization.Scammers obtaining important information such as passwords, bank account numbers, etc.Nowadays, spoofing is rather common and it can be done through phone calls, e-mails, websites, and even texts.
Based on this, an example of spoofing is if someone pretends to be your bank just to access private information for malicious purposes.
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if the entire output of a market is produced by a single seller, the firm
Answer:
that means the firm is very large
Alton ordered an official NFL jersey for his son's birthday and is hoping it will arrive on time. Luckily, the company sent him the FedEx tracking number of the package so Alton can track the package and know exactly when it will arrive. This form of customer communication is referred to as ________ communication.
The form of customer communication here is what is referred to as delivery status.
Given the FedEx tracking number that Alton has received, he would be able to get a customized and an in-depth tracking of the NFL jersey that he has ordered for his son.
The availability of a tracking number would also help to build his faith and confidence in the delivery service. This is because it is going to give him a timeline of his good that would help him to anticipate the delivery.
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True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a corporation and its owners to be profit-making activities. True false question. True False
Answer:
true
Explanation:
GAAP does not allow gains or losses to be reported when a corporation reissues its treasury stock.
An investment of $10,000 today is estimated to return $11,500 a year from now. The $11,500 is called the ________ of the investment.
Imagine you are working as an insurance broker, and a company comes to you wanting to insure one of its production factories. Identify at least two distinct risks you would analyze as you decide what kind of coverage and premiums this client can expect to pay in order to be fairly and sufficiently insured.
30 POINTS IF YOU KNOW THE ANSWER ASAP!!!!!!
EXPLAIN REASONING
The client should pay a sum determined by the business and how much they have previously been required to pay. Making it fair and anticipating potential outcomes will enable the client to obtain insurance. I think you get the picture.
What is the insurance?Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you can be liable for all associated expenses.
Risk analysis comes in two primary flavors: qualitative and quantitative. Let's find out more about these two methods. working as an insurance broker, and a company comes to you wanting to insure one of its production factories
Therefore, By the company comes to you wanting to insure one of its production factories. qualitative risk is there
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Preferred stock generally (has/does not have) ______ voting rights and (has/does not have) ______ preference as to dividends.
According to share and stocks management, the preferred stock generally does not have voting rights and has a preference as to dividends.
This is because Preferred stock is a type of stock that is first paid to the stockholders before the common share or stockholders are paid.
However, unlike the common stockholders that have voting rights in a firm, the preferred stockholders do not have voting rights.
Hence, in this case, it is concluded that Preferred stock has its advantages and disadvantages.
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Check all of the perks a job might offer as incentives for potential applicants
A) gym membership
B) 401k investment plans
C) health benefits
D) child care services
Answer:C,D
Explanation:
óscar’s firm operates in a rapidly changing industry. he often must apply his excellent ________ to assess problems and develop solutions very quickly.
According to management theory, óscar’s firm operates in a rapidly changing industry. He often must apply his excellent "problem-solving skills" to assess problems and develop solutions very quickly.
This is based on the idea that problem-solving skills are essential in assisting individuals in determining the cause of a problem and why it is occurring, including how to decipher the issue.
There are various Problem-Solving Skills include:
Active listening.Analysis.Research.Creativity.Communication.Dependability.Decision making.Team-building, etc.Hence, in this case, it is concluded that the correct answer is "Problem Solving Skills."
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Randall wants to become a certified public accountant. To accomplish this, he must be certified by the ________ in which he plans to provide accounting services.
He must be certified by the state in which he plans to provide accounting services.
For a person or an individual to have the license to operate as a certified public accountant such person must be certified by the state in which he or she plans to render accounting service to.
In order to be a certified or qualified public accountant all the necessary requirement must be meant by the person.
The person must sit for the CPA examination and must pass the certified public accountant examination before being certified to operate as one by the state.
Inconclusion he must be certified by the state in which he plans to provide accounting services.
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Before a significant risk medical mobile app (MMA) study can commence, what does the sponsor need to do
Based on operational standards, before a significant risk medical mobile app (MMA) study can commence, the sponsor "must have an approved IDE from FDA."
What are IDE and FDA?IDE is the acronym of Investigational Device Exemption. Approval of IDE validates the investigational device to be utilized in medical research to obtain safety and efficacy data.
Similarly, FDA is the acronym of Food and Drug Administration. The responsibility of the FDA is to ensure there is safety and security of human and veterinary commodities, including drugs, biological products, and medical devices, among others.
Hence, in this case, it is concluded that the correct answer is that the sponsor "must have an approved IDE from FDA."
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Witch method of commuting is most likely to reduce your need to go to the gym or get a treadmill
Answer:
Walking or using of bicycle
Explanation:
Use of legs are needed in both method of commuting. Leg muscles will be worked up and it also produces sweat that is equivalent to gym exercise
A company's biggest vulnerability in employing a best-cost provider strategy
A. relying too heavily on outsourcing.
B. getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies.
C. getting trapped in a price war with low-cost leaders.
D. being too timid in cutting its prices far enough below high-end differentiators many of their customers.
E. not having a sustainable distinctive competence in cost reduction.
Answer:
B - Getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies.
Explanation:
A company's biggest vulnerability in employing a best-cost provider strategy, getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies. Thus, option (b) is correct.
What is strategy?The term strategy refers to the plan for the company growth. The market are the based of the so many companies are the different company are the different strategy. The strategy is the measure, the following the points are the related to the advantages and the disadvantages of the plan. The perfect strategy is the perfect advantage.
It was the company's biggest strategy was the vulnerability in employing a best-cost provider of the low cost of the provider are the best strategy to the high-end differentiation strategies. There are the firms the low cost are the more profit. The strategy are in the perfectly to the implement.
As a result, a company's biggest vulnerability in employing a best-cost provider strategy getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies. Therefore, option (b) is correct.
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What must a firm that pursues a cost-leadership strategy do in order to nurture and constantly upgrade core competencies in manufacturing and logistics
The firm must ensure upgrading the departments core competencies through making sure that employees have the innate ability or skills demanded.
Firms that adopt the Cost leadership strategy does so to earn higher returns and competitive advantages through of offering of products at lowest prices in the market.
The core competencies in manufacturing and logistics includes pro-activeness, ability to handle documents properly, strategic thinking, forward thinking, logical decision-making, networking abilities etc
However, the firm must ensure upgrading the departments core competencies through making sure that employees have the innate ability or skills demanded.
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In the context of customer relationship management (CRM), _____ requires gathering a lot of information about customers' preferences and shopping patterns.
In the process of gathering such information that are unique to customers, what is required is therefore regarded as: Personalization.
Customers have preferences and taste which determines their shopping pattern. Having a god understanding of what customers want and how their consumption or shopping pattern is helps in customer relationship management to meet customers' satisfaction.
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