Answer:
Resources are scarce.
Explanation:
The Overriding reason why households and societies face many decisions is that Ans: Resources are scarce. We have scarcity of resources, hence the management of the same is crucial.
Price elasticity of demand is useful because it measures _____ responsiveness to changes in _____.
a. taxpayers'; demand
b. producers'; supply
c. consumers'; price
d. consumers'; demand
e. producers'; income
Price elasticity of demand is useful because it measures consumers' responsiveness to changes in price.
What is Price Elasticity?This refers to the effect which occurs as a result of a change of price on a given good and the demand.
Here, we can note that because price elasticity has to do with the response of the customer in relation to the change in price, then we can note that option C is correct.
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You manufacture covers for barbeque grills at a cost of $5 each and make a profit of $2 per cover.
The barbeque grill covers are sold to consumers by a national outdoor furniture retailer for $18,
and you know the selling price includes a markup of $9 each. What is true about this situation?
You sold the covers through a distributor is true about this situation of manufacture.
Production is the making of goods by way of hand or via a device that upon finishing touch the enterprise sells to a consumer. items used in manufacturing can be uncooked materials or component components of a bigger product. the production typically happens on a huge-scale production line of equipment and professional labor.
A producer is a person or organization that produces completed items from uncooked substances by way of using diverse gear, devices, and processes, after which sells the goods to consumers, wholesalers, distributors, retailers, or different producers for the manufacturing of greater complex goods.
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Ivory is listening to a manager present statistics that they believe supports a new initiative. Which type of critical thinking question would Ivory most likely ask at this point
The type of Critical Thinking Questions that Ivory should ask at this point are:
Critical Thinking Questions are questions that make inquiries into the veracity of a claim.
They help the evaluator to maintain a logical and rational line of thoughts so that they are able to connect clearly the relationship between facts and ideas.
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an in-house center and education facilitythat offers a wide range of learning opportunities for Disney employees. Disney University would be considered a(n) ______________ . a. learning community b. assessment center c. orientation center d. on-the-job training center e. corporate university
Disney University would be considering a learning community in case they need an in-house center and education facility for their employees.
What is learning community all about?A learning community serves as cohort of students that needs to achieve some academic goals.
They work collaboratively in the classroom with one or more professors and do get wide range of learning opportunities.
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Cakes by Dominic
Dominic has been helping his grandmother run a small-scale business
from her home making celebration cakes for special occasions such as
birthdays and weddings. She helped him develop his cake-making skills
which he further improved by completing a catering course at a local
college.
His grandmother wants to retire and let Dominic take over the business
as Dominic has always wanted to become an entrepreneur. He is very
passionate about what he does and is grateful to her as there are very few
job opportunities in the area. He has recently inherited a large sum of money from another relative
and wants to expand the business by setting up a small cake shop in his local town centre which
is busy with local trade. Apart from a small local bakery, there is no other competition in the area
that specialises in celebration cakes. Dominic is very optimistic about the future success of the
business and hopes that his initial investment will give a good return.
Outline two motives Dominic might have for wanting to become an entrepreneur.
[4]
Answer:
One motive that Dominic might have was that he has always wanted to become an entrepreneur and his grandmother wants him to take over the shop for her since his cake-making skills had very much improved since he started. And another motive Dominic had was that there was not a lot of jobs open for him in the area, so he was glad to help.
Explanation:
New batteries are needed to power our electronic devices—our cell phones, tablets, and computers—and that market is exploding. Researchers are developing lithium-ion batteries that will be vital to clean-energy and automobile manufacturing and could open up huge new markets. Currently, the domestic production accounts for about 12 percent of the world's production. The country has a domestic supply of raw materials, but production is limited and prices remain high compared to imported batteries.
The government could invest in technology and research.
The government could purchase domestic batteries exclusively.
The government could impose heavy tariffs on all imported batteries.
The government could ban imported batteries.
Answer:
The government could impose heavy tariffs on all imported batteries.
Explanation:
Import tariffs are taxes imposed on imported commodities. Should the government impose heavy tariffs on the imported batteries, their prices in the domestic market will go up.
One of the objectives of a tariff is to protect locally produced goods from unfair competition by low-priced imports. The imposed tax become a cost to the imported batteries, which will make them more expensive. The locally produced batteries will compete favorably with the imports. The domestic industry will grow since it has raw materials and a market to sell its products.
Brooos
How can make money fast?? I need tips and now plzz
Answer:
You can pet sit, or do chores
A child born today will see more than _____________ advertisements in their life.
Will, they would see 1 Million advertisements in their lifetime.
How much does a check-cashing place typically charge to cash a check?
3%, The cost for cashing checks varies, with most states setting limits on how much a business can charge to provide this service. The fee charged is often a percentage of the amount of the check being cashed, and can range from 1%-12%.
Select the scenario that best demonstrates the entrepreneurial mindset of taking initiative and
being self-reliant
A. Jon starts a café in his town. He observes that due to a drop in the economy, his café is not doing as well as expected. He hopes his business will pick up again once the economy is strong again.
B. Linda is developing a music app. However, she gets stuck many times while
writing the code. She considers giving up on her app and working under an
experienced person to develop apps.
C. Samantha works as a nail artist. To keep up with the competition and customer
demands, she expands her skill set with new techniques and designs in the market.
D. Steve works as a pizza delivery boy, but wants to start his own pizza parlor. It
will be difficult to make time to implement his business plan, so he is going to wait
for a better time to start his business.
Answer:
c.Samantha works as a nail artist. To keep up with the competition and customer
demands, she expands her skill set with new techniques and designs in the market.
Explanation:
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If you wanted to compare economic well-being over time and across countries, the data you would use is: Group of answer choices per capita GDP inflation real per capita GDP real GDP
Answer:
Real GDP per capita is a measurement of the total economic output of a country divided by the number of people and adjusted for inflation. It's used to compare the standard of living between countries and over time.
Long-term investments tie up money for . one reason why individuals focus on long-term investments is to . a(n) allows both employees and employers to contribute to a retirement account.
The money invested for the long-term period is to restrain the retirement life happily, along with incurring the fixed income from the investments made in the long-term plans.
What is an investment?An investment is defined as the allocation of assets in such ways that the value of the assets increases and appreciates over time.
The only reason people tie up money for long-term investments is to have a safe retirement life.
Long-term investment plans and those governed by Section 401(k) retirement accounts are safer and better for employees and employers who show contributions in the retirement accounts.
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Answer:
more than one year, save for their retirement, and 401(k)
Explanation:
those are the answers your welcome
in addition to exporting and importing goods and services, other forms of exchange take place among nations. Provide at least two examples.
Answer:
1. money exchange
2. tourism / trade
Explanation:
Money exchange happens among nations,
tourism can happen within another country.
( Intro to Business: Chapter 3 )
One example of an unexpected event that can seriously affect your finances
is:
A. the bank charging you for an account overdraft.
B. losing your job because your company's performance was poor.
C. spending more than you took in the past two months.
D. missing a credit card payment and being charged interest on the
balance.
The example of an unexpected event that can seriously affect the finances of any person is losing the job because the company's performance was poor.
What is finance?Finance is defined as a broad phrase that encompasses activities such as credit, banking, debt, funds, capital markets, and investments.
Finance is defined as the obtaining, expenditure, and management of funds. The elements that affect the finances of any person is that the bank charges on an account overdraft.
The finances of any person may be affected by spending more than the person took in the past two months.
Therefore, option B is correct.
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A company's current sales are $300,000 and fixed expenses total $85,000. The contribution margin ratio is 30%. The company has decided to expand production which is expected to increase sales by $70,000 and fixed expenses by $15,000. If these results occur, net operating income will ______.
A company's current sales are $300,000 and fixed expenses total $85,000. The contribution margin ratio(CMR) is 30%. The company has decided to expand production which is expected to increase sales by $70,000 and fixed expenses by $15,000. If these results occur, the net operating income will be $6,000.
The net operating income will increase by [tex]$6,000;[/tex]
[tex]70,000*30 - 15000 = 6000[/tex]
As the contribution margin ratio(CMR) is 30% and [tex]$15,000[/tex] is fixed expenses, the net result will be an increase in net operating income.
The difference between a business's revenue and variable costs, represented as a percentage, is the contribution margin ratio(CMR). An organization's total margin is a representation of the total income which can be used to pay for fixed expenditures and generate a profit.
The contribution margin ratio(CMR) is the percentage difference between a business's revenue and variable costs. In other words, it's the money that remains after paying for all the expenses related to creating a good or service, such as buying supplies, packaging them, and shipping them.
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5 employees with annual salaries of 50000 60000 50000 70000 90000 what is the annual mean
Answer: 50,000
Mean - the average number in a data set/the most common number in a set
The most common number is 50,000 - because we see it twice in this data set.Every other number is seen once.
Hope this helps you!
Answer:
The answer is 64,000
Explanation:
Which of the following creates a hazard for accidents in the kitchen?
a
Using a single door to enter and exit the kitchen area
b
Holding containers of liquid close to the body with both hands
c
Limiting the number of items that can be placed in bussing containers
d
Having windows on swinging doors
Answer:
the first condition
Explanation:
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Which financial statement shows cash collected from customers?.
A company sells a product for $3. Direct materials are $1.80 per unit. The company prepares a flexible budget at two sales volumes. At a sales volume of 50 units, budgeted direct materials will be
At a sales volume of 50 units, the budgeted direct materials cost for the company that sells its product for $3 per unit will be $90.
What are the direct materials costs?Direct materials costs are the costs incurred by a manufacturer for the purchase of raw materials for production.
Direct materials costs are one class of the variable costs of production. Others include direct labor costs and variable overhead costs.
Data and Calculations:Selling price = $3
Direct mateirals cost per unit = $1.80
Sales volume = 50 units
Thus, the direct materials cost will be $90.
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Employee ________ are perks that are provided in addition to salaries and wages, such as all or part of medical, dental, life and disability insurance.
a. taxes
b. benefits withholdings
The correct word used to describe the given statement is "Employee benefits"
What is Employee Benefit?This refers to those perks and good things which an employee enjoys which are work-related and include medical, dental, life insurance, etc.
Hence, we can see that these are part of the employment package and are usually negotiated before an employee is accepted into an organization and are for the well-being of the employee.
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Arnita was hoping to ship her products for a relatively low cost, meaning that she wants to avoid having to ship far away. Based on this, what critical segmentation method should she consider when identifying her target market?
The geographical segment is the critical segmentation method she should consider when identifying her target market.
What is a Market segmentation?Market segmentation refers to breaking down of market into series of segment bases on age, geographic location, occupation for marketing purpose.
The geographical segmentation is the segment that is used to target products at people who live in a particular location.
In conclusion, the geographic segment is the critical segmentation method she should consider when identifying her target market.
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If you deleted a that’s part of an existing relationship, Access might
A. issue a warning.
B. make a backup copy of the object.
C. duplicate the relationship
D. delete the relationship.
This question is about Microsoft Access please explain. :)
Answer:
A
Explanation:
Implicit promises are those promises that are made but not clearly stated and thus is not understandable. Therefore, in advertisements that make implicit promises, very often the customers fail to analyze the complete message and return frustrated after their expectations are not met.
The major purpose of test marketing is to provide management with the information needed to make a final decision about ________.
The major purpose of test marketing is to provide management with information : Whether to launch the new product.
What is test marketing?Test marketing refers to the few introduction of a product and a marketing program to determine the reactions of potential customers in a market situation.
The objective of test marketing is to find the limitations and strengths of the product based on customers' reactions. It also help to structure the marketing strategy of that product
Hence, the major purpose of test marketing is to provide management with information whether to launch the new product.
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When an organization's accounting department decides to send out a bill to a new customer, this represents a(n) ________ decision
Answer:
When an organization's accounting department decides to send out a bill to a new customer, this represents a(n) programmed decision .
Global sociocultural environments (Connect, Perform)
Complete the following sentences about sociocultural differences with the correct term.
The historical tendency in Canada for English speakers to be impatient with French speakers and vice versa is an example of , or people’s natural (but avoidable) tendency to feel their culture is superior to others.
When a company does business in a country like China with a , managers should expect people there to prioritize the future over the present and value thriftiness and persistence. However, when doing business in a country with a , such as Russia, managers need to recognize that people there will value tradition and prioritize social obligations.
Which of the following companies has high power distance?
a) At Sabine Industries, the CEO is seen as the undisputed leader of the office. People are afraid to correct him when he is wrong, and he is always addressed as Mr. CEO, while the people who report to him are addressed by their first names.
b) At Jupiter Jumpers, teams make decisions together, and everyone in the company is called an associate. The employees and managers often get together to socialize outside of work, and they can be heard laughing and talking over each other while they have drinks together.
c) At Sollient, managers listen carefully to employees when they raise concerns or questions, and employees are not afraid to speak up. Employees expect to be treated equally and fairly.
Which of the following companies has high femininity?
a) Quality of life is important at Social Science Systems. All employees are eligible for child care, elder care, or pet care services, and employees can take as many vacation days as they need, as long as they get their work done. Employees regularly cooperate with each other to cover difficult or undesirable work shifts.
b) Pomdel Media is the place to go if you want professional film editing, fast and error-free. Everyone at Pomdel has heard about Hal, an almost mythical figure, who once stayed up for 3 days straight to get a job finished before the deadline. At Pomdel, you had better know how to do your job and do it well. There’s a lot of autonomy but a lot of responsibility, too.
c) At Acme Accounting, performance comes first. Don’t bother showing up for work if you are in the bottom 10% of the sales force at the end of the year. Frank Fitzgerald, the CEO of Acme, makes sure that only the best salespeople stay with the company from one year to the next.
Which of the following companies has long-term orientation?
a) Riesa Corporation is focused on making a profit quickly. Sales results are reviewed weekly, and if a new product doesn’t turn a profit in 6 months, production is stopped and resources are moved to a different product.
b) Petrov is a farmer in Russia. He often thinks of the good old days when his neighbors gathered together to help each other, and the old traditions were upheld. Today, it seems like everything is changing, but as long as this year’s wheat crop is good, things will be okay.
c) Hikooki Flight is a Japanese plane manufacturing company. Mr. Hikooki is a planner, and he knows what the company will be doing 25 years from now. He is constantly reminding his employees about the importance of creating efficient and reliable products so that the company does not need to do rework.
The company which has high power distance is:
At Sabine Industries, the CEO is seen as the undisputed leader of the office. People are afraid to correct him when he is wrong, and he is always addressed as Mr. CEO, while the people who report to him are addressed by their first names.
The company which has high femininity is:
a) Quality of life is important at Social Science Systems. All employees are eligible for child care, elder care, or pet care services, and employees can take as many vacation days as they need, as long as they get their work done. Employees regularly cooperate with each other to cover difficult or undesirable work shifts.
What is High Power Distance?This refers to the increase in variance in power in a particular culture.
Some examples of countries with high power distance includes:
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Why is it helpful to include milestones when setting personal performance goals. a) Including milestones allow one to explore many diverse interests before setting personal performance goals. b) Including milestones sets a long-term vision of where one wants to be in ten years. c) Including milestones allows one to use several short-term achieveable tasks to achieve one long-term goal. d) Including milestones allows one to measure one's performance in miles.
Answer:
c) Including milestones allows one to use several short-term achieveable tasks to achieve one long-term goal.
Explanation:
In this regard, we can relate the inclusion of milestones when defining personal performance goals to SMART goals, which is a method used to better target which actions will lead to the achievement of your goals and objectives.
SMART goals include milestones that allow you to use a variety of short-term, achievable tasks to achieve a long-term goal.
The acronym SMART stands for: Specific, Measurable, Achievable, Relevant and Time-based.
Which implies that the goals must be specific, they must be planned as clearly as possible. Measurable because they must be measured and monitored to analyze the performance of the tasks required to reach the goal. It must also be attainable, which means that the goal must be planned only if there are real possibilities to be achieved. Relevant to achieving motivation and ultimately time-based, as every goal must have a deadline for reaching it.
Answer:
c
Explanation:
58. Why did incumbent pharmaceutical firms enter into hundreds of strategic alliances with biotech start-ups
Learning is Fun company had current assets amounting to Php 100,000. Noncurrent assets for the year totaled Php 76,000. How much is the company's total assets?
The company's total assets are Php 176,000
How to calculate total assets?By adding current and non-current assets, we will get the company's total assets.
Given:
Current assets = 100,000
Non current assets = 76,000
By adding current and non-current assets:
Total assets = current + non current
Total assets = 100,000 + 76,000
Total assets = 176,000
Taking liabilities into account makes for the most accurate calculation of total assets. To determine total assets, you subtract the value of liabilities from the value of assets.
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True or false: A questionnaire is a research technique that attempts to analyze consumer sentiments based on their social media activity. True false question.
A questionnaire being a research technique that attempts to analyze consumer sentiments based on their social media activity is false.
What is a Questionnaire?This is usually in the form of of questions in order to gather information from respondents through survey or statistical study.
The definition above doesn't see it as analyzing consumer sentiments based on their social media activity which was why False was chosen.
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Conceptually, modernization theory is an outgrowth of _____ theory because it views economic growth as a consequence of certain values and attitudes
Modernization theory can be understood as a consequence of functionalist theory, in that it determines that economic growth is a consequence of values and attitudes.
What is functionalist theory?Its objective is to understand the interactions of society based on its functioning and its rules, that is, its scope is in the explanation of society based on its functions.
Therefore, modernization is based on the functionalist theory by conceptualizing facts of society from actions and causalities.
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