This is an example of Synergy. According to the concept of synergy, the value and performance of two enterprises as a whole will be greater than the sum of their individual components.
When two businesses unite to boost efficiency or size, it is usually referred to as a synergy merger. Synergy is significant because it enables enterprises businesses to increase organisational effectiveness and business efficiency. The effects of it can also boost employee morale, give companies a competitive advantage, increase customer satisfaction and expand market share. Synergy is the process through which people or organisations pool their resources and work together to produce greater output, effectiveness, and performance than they could individually.
The above mentioned question is incomplete. Options are as follows:
a. Synergy
b. Differentiation
c. Strategy
d. Diversification
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With _________, government has total control over all economic activity whereas with _______ the markets and prices direct nearly all economic activity.
With a command system, government has total control over all economic activity whereas with laissez-faire the markets and prices direct nearly all economic activity.
What is comman system?A command economy is one in which the government has complete authority over the economy. This economy is distinguished by state control over wages and prices, restricted property rights, government ownership of important firms and industries, and thriving black markets.
Define the characteristics of a command economy.A command economy is one in which all economic decisions are made by a central authority. The land and methods of production are owned by the government or a communal.
What is laissez-faire system?It let private firms to produce as much money as they could without government intervention, with the hope that this riches would trickle down to citizens.
Is laissez-faire a good or bad?When governments reduce taxes to boost the market, this is also based on laissez-faire doctrine. Damages might be extremely costly when the market environment is volatile and rapidly changing. Its leadership can lead to ineffective crisis management.
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a. many people regularly commute from the suburbs to downtown pleasantville. due to traffic congestion, the trip takes 30 minutes via highway but only 15 minutes via side streets.
No, there is no equilibrium here. Many individuals often travel into downtown Pleasantville from the suburbs. The drive takes 30 minutes on the highway but still only 15 minutes on minor streets because of traffic congestion.
Explain the term equilibrium?A theoretical condition of balance inside a social system known as "social equilibrium" refers to both an internal balance among linked social phenomena and the interaction the system upholds with its surroundings.
For the given question:
Many individuals often travel into downtown Pleasantville from the suburbs. The drive takes 30 minutes on the highway but still only 15 minutes on minor streets because of traffic congestion.Assume that people just care about how long it takes them to get to work, not other factors like the number of turns they must make or the scenery. Some folks could benefit more from taking the side streets because it would speed up their commute. Travel times just on highway and the side streets ought ultimately eventually equalize as the situation progresses toward equilibrium (such that, as more people utilize the side streets).Thus, no, there is no equilibrium here.
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The complete question is:
Many people regularly commute from the suburbs to downtown pleasantville. due to traffic congestion, the trip takes 30 minutes via highway but only 15 minutes via side streets.
Does this situation describe an equilibrium?
There is a constantly recuring issue between human resources departments and operating managers as to who should make critical human resources-related decisions. Line managers claim they are responsible for results; therefore, they should have the authority to hire, fire, compensate, and perform other human resources activities. However, when operating managers are given complete control, inequities and inconsistencies arise.
1. You are the executive president of ITN Logistics Itd. And were asked to resolve this dispute, which argument would you agree with and why?
2. Can you suggest a compromise that would allow line managers to make these decisions constantly?
As they must communicate the types of personnel needed so that human resources can hire and discharge people in accordance with those requirements, the operations team should have the power to manage any injustices and discrepancies that may develop.
What to suggest a compromise that would allow line managers to make these decisions constantly?Some of the suggestions are-
Foster a strong culture through communication. Examine the Pay and Benefits.Develop internal talent, implement wellness programs, and guarantee compliance.Accept technology and analytics.Recognize the strategic goals of your company.Thus, The operations team should have the authority to control over the inequities and inconsistencies arise.
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If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant
A collection of goods and services are subject to inflation when their cost has increased over a predetermined time period, often a year. Prices are rising due to inflation.
What's causing inflation 2022?
The amount that a collection of products and services have increased in price during a specific time period, typically a year, is measured by inflation. Prices are increasing due to inflation. Inflation increased further in 2022 as a result of higher energy costs, hitting 9.1%, the highest level since 1981. The Federal Reserve raised interest rates for the third time in a year in July 2022, but inflation remained strong and outpaced wage and expenditure increases.
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True or false? If requested by the contractor, the Resident Project Representative or inspector may offer suggestions as to how to do the work.
They could be held accountable for the work if they do not. Owners' representatives or inspectors have no authority over how work is done.
The statement given is false.
What relationship should the resident project representative maintain with the contractor?You must remain calm and decisive in your decisions while still maintaining a good relationship with the Contractor and Client. Communication includes scheduling updates, problem-solving, responding to the Contractor's inquiries for clarification and adjustments, and communicating about potential issues.
The contractor's working procedures and methods should be left in the contractor's hands rather than being managed by the resident project representative.
The contractor develops a "change order proposal" in order to bill for the extra work. After the owner and contractor agree on the scope, cost, and schedule, a formal, written change order is created and signed by all parties. Once the task has been modified, the contractor gets to work.
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lee just started working in a traditional, corporate setting that has many workplace regulations. lee's previous job was with an innovative start-up company. she wants to send a question to her manager about a presentation she is planning. she needs an immediate answer, so she decides to send an instant message. which of the following should she consider before sending the message? (choose every correct answer.)
Lee should evaluate the meta message of her instant message. Lee should think about her manager's attitudes toward instant messaging.
What is instant messaging?Instant messaging (IM) is a text - based communication method in which two people engage in a single discussion via their computers or mobile devices in a chatroom on the Internet.People may communicate knowledge instantly using instant messaging and take swift judgements. Typically , messages are sent between two or more parties when each user enters text, which causes a transmission to the receiver, who is also connected to the same network.Lee should evaluate the meta message of her instant message. Lee should think about her manager's attitudes toward instant messaging.To learn more about instant message refer to:
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Have companies done enough to adjust to women in the workplace?
They still need to do more, the workplace may be made more welcoming for women by offering generous maternity leave, flexible hours, and remote work to relieve childcare issues.
What is a workplace?A workplace is a place where someone performs work—either for their employer or for themselves. Such a location could be anything from a home office to a sizable office complex or factory.
Your workplace is the place where you go to work each day and are employed. Your workplace is an example of where you go to work each day to perform your duties.
Specifically, "You go to work at the workplace, and you work at the workspace." In essence, your workspace and workplace are synonymous terms for where you go to work. While they are both always changing and have room for improvement.
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Of the manufactured goods exported by developing countries, most of them are ______ and include ______ of technology in their production
a. labor intensive, modest amounts
b. labor intensive, large amounts
c. capital intensive, modest amounts
d. capital intensive, large amoun
Of the manufactured goods exported by developing countries, most of them are labor-intensive and include modest amounts of technology in their production. Hence option (a) is the answer.
What are manufactured exports?Any developing economy's primary source of growth in exports. It may have an impact on a nation's interest rates, GDP, and amount of inflation. Exports that are manufactured are made up of four categories of resource-based exports, low-tech exports, medium-tech exports, and high-tech exports. Exports that are medium-high in technology are made up of both medium-tech exports and high-tech exports.
Manufacturing net exports combined represent the total value of manufacturing exports globally. Due to scale and specialized advantages, it is preferable in exporting manufactured items. Due to the ability to specialize their product lines and take advantage of economies of scale made possible by access to international markets, exporters' productivity and average production costs are lowered.
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technology improves the productivity of a farmer by enabling access to the latest prices for commodities and using satellites to view his fields. what are two other ways that technology has improved the productivity of a farmer? multiple select question. showing the farmer how to seed and fertilize to get the best yields watching the nightly weather reports on television using high tech equipment to minimize the farmer's yields to reduce the costs of fertilizer and seed accessing websites to communicate with farmers around the world
Yes, that is correct. Precision agriculture uses technology to gather data on soil conditions, weather patterns, and crop growth, which can be used to optimize planting, fertilization, and harvesting for maximum yields.
Livestock monitoring uses technology to gather data on the health and behavior of livestock, which can be used to improve breeding and feeding practices, resulting in increased productivity.
Precision agriculture: the use of technology such as GPS, drones, and sensor-based equipment to optimize planting, fertilization, and harvesting, resulting in increased yields and reduced costs.
Livestock monitoring: the use of technology such as sensors, cameras, and wearable devices to monitor the health and behavior of livestock, which can improve breeding and feeding practices, resulting in increased productivity
Crop forecasting and prediction: use of technology such as machine learning and big data analytics to make predictions about crop yields, weather patterns and market conditions which can help farmers make better decisions.
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What is an example of internal-operational communication
Answer:
Blogs for businesses. Employee education within a company. Meetings with individuals. Employees converse over the phone.
Johnson Co. holds trading securities. Johnson should report these investments on the balance sheet at________value.
Johnson & Johnson owns trading securities. Johnson should record these interests at fair value on the balance sheet.
What Is the Purpose of a Balance Sheet?A balance sheet describes a company's financial situation at a certain point in time. In contrast to an income statement, which presents financial information over time, a balance sheet is used to gauge a company's health on a given day.
A bank statement is frequently used by people outside of a firm to assess the health of the company. Financial ratios are calculated by banks, lenders, and other organizations based on balance sheet balances to determine how much risk a company bears, how liquid its assets are, and how likely the firm will remain solvent.
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recall that we use nominal and ordinal measurement scales to represent categorical variables. which of the examples below represent a nominal scale representation of a categorical variable?
Recall that we use nominal and ordinal measurement scales to represent categorical variables.Hair color is also a categorical variable having a number of example blonde, brown, brunette, red,etc
The most useful graph for displaying the relationship between two quantitative variables is a scatterplot.The correlation coefficient (r) is a numerical measure that measures the strength and direction of a linear relationship between two quantitative variables.Predictive analytics is the use of data, statistical algorithms and machine learning techniques to identify the likelihood of future outcomes based on historical data.The goal is to go beyond knowing what has happened to providing a best assessment of what will happen in the future.Business analytics techniques that help to find answers to the should we do in the future are called prescriptive analytics.
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What is direct finance in financial system?
When someone borrows money directly from the financial markets rather than through an intermediary or third-party service.
This is typically done to avoid the high borrowing costs associated with indirect finance, where interest rates can raise the overall cost of loans.
When you apply for a loan through the same lender, which is usually a bank or other financial institution, this is referred to as direct financing. You'll get your personal loan or interest rate with direct finance, and you'll know how much you'll have to spend at the dealership.
Direct financing is when you apply for a car loan directly from the lender, such as a bank or financial institution. In this case, you know how much money you have before going to the dealership. Finance Direct Examples: A corporation purchases newly issued commercial paper directly from another corporation; a household purchases a newly issued government bond through the services of a broker (no asset transformation).
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a public company has a book value of $128 million. they have 20 million shares outstanding, with a market price of $4 per share. which of the following statements is true regarding this company?
The firm's market value is 20 million shares*$4 per share, which is 80 million, but its book value is 128 million, so the answer is that investors believe the company's assets are unlikely to be profitable because its market value is less than its book value.
The book value is $128,000,000.
The number of outstanding shares is 20,000,000.
$4 is the current market price.
The Book Value Per Share (BVPS):
Book Value Per Share (BVPS) = Book Value / number of Share
Book Value Per Share (BVPS) = $128,000,000 / 20,000,000
Book Value Per Share (BVPS) = $6.40
The Book Value Per Share (BVPS) is less than the market price, indicating that investors anticipate lower future growth. Alternatively, they may anticipate that the firm will not be profitable.
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The complete question is:
A public company has a book value of $128 million. they have 20 million shares outstanding, with a market price of $4 per share. which of the following statements is true regarding this company?
A) Investors may consider this firm to be a growth company.
B) Investors believe the company's assets are not likely to be profitable its market value is worth less than its book value.
C) The firm's market value is more than its book value.
D) The value of the firm's assets is greater than their liquidation value.
identify the techniques customer driven marketing for bakery business
Answer:
You could believe that starting a business in baking is the most difficult part. Yes, it requires a lot of work, and you could have a few anxious or restless nights. However, once your bakery is operational, staying ahead of the competition will take precedence. Additionally, you want to become a destination for those looking for delectable pastries rather than just trying to stay afloat.
In the bread industry, you want to turn a profit as an entrepreneur. You will need to manage your finances, reports, and inventories carefully in order to accomplish this, but there is one aspect of the business that is sometimes overlooked: marketing.
Build a solid marketing and sales plan for your bakery no matter what goods your company specialises in, such as croissants, donuts, buns, bread, nutritious gluten-free pastries, small pastries, and so on. Otherwise, expanding the consumer base, boosting bakery sales, and raising brand recognition would be difficult.
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which of these alternatives is the best choice for the denominator of the overhead rate for anagene? group of answer choices projected production volume average prior production volume practical capacity of the entire production process practical capacity of each step in the production process
The concept is the Expected Capacity, which is a short-run level based on demand, and; it minimizes under or overapplied overhead An answer is an option, B.
If the actual product differs from the specified capacity, there is a quantity deviation. This difference corresponds to the over- or under-application of the increase. Expected volume is expected for the period.
So using the expected capacity as the denominator you should get the result with the expected minimum overload or underload. Forecast capacity includes the latest data and information about new levels of demand performance.
To an extent, the intended ability is a newer, updated version of the normal ability.
The question should be:
The overhead denominator can be based on one of several characteristics. What are the results of the lowest projected overhead or underspending?
A. Theoretical capacity.
B. Expected capacity.
C. Normal capacity.
D. Practical capacity.
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Which of the following is a CIA characteristic that ensures that only those with sufficient privileges and a demonstrated need may access certain info?
A. Integrity
B. Authentication
C. Availability
D. Confidentiality
Confidentiality is a CIA characteristic that ensures that only those with sufficient privileges and a demonstrated need may access certain information.
Project scope management ensures that the project plan only includes the activities required to complete it.
Confidentiality- is the property of information that allows only those with appropriate privileges and a demonstrated need to access it. The quality or state of being whole, complete, and uncorrupted is referred to as integrity.
The CIA Triad is a popular information security model. It directs an organization's efforts to secure data. The three principles of cybersecurity—confidentiality, integrity, and availability (CIA)—form the foundation of a security infrastructure.
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The cultural norms of Japan promote ______.A) competition between employeesB) unionizationC) competency-based payD) loyalty and teamwork
The cultural norms of Japan promote D) loyalty and teamwork. It is because teamwork will get a better team performance and goals.
Teamwork generally can be defined as the collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way. Based on the opinion of Ancona & Caldwell, 1992, Team performance generally can be described as the extent to which a team is able to meet its output goals (e.g., quality, functionality, and reliability of outputs), the expectations of its members, or its cost and time objectives. There are several aspect that can be determined to see the successful of team performance, there are communication, Reliability and commitment, Flexibility, Innovation and diversity, Leadership, Organized, Fun and appreciation.
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what are the basic factors for selecting business? Explain any two factor of it.
Answer:
The choice of an appropriate form of ownership organisation is a crucial entrepreneurial choice since it has an impact on the performance and expansion of a business, affecting factors like profit margins, business risk, and other factors. As was previously said, there are differences between the various types of private ownership organisations in terms of profit distribution, control, risk, legal requirements, flexibility, etc.
In light of this, only that type of ownership should be adopted after careful examination of the issue. It is preferable to examine this issue at both of these levels because the necessity to choose an ownership organisation emerges both early on when starting a business and later on to fulfil the needs of growth and expansion.
two examples are - nature of activity and scale of operations.
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In the case of positive externalities, tax breaks for businesses that set up in areas of high unemployment might be justified because
- tax breaks can be passed along to workers as higher wages.
- additional employment will increase the income tax base.
- positive externalities require that tax breaks be given.
- additional employment will increase the housing demand.
In the case of positive externalities, tax breaks for businesses that set up in areas of high unemployment might be justified because additional employment will increase the income tax base.
What is income tax base?The whole amount of income, property, assets, consumption, transactions, or other economic activity that a tax authority is allowed to tax is known as the tax base. It is ineffective and non-neutral to have a small tax base. A wide tax base lowers the cost of tax administration and enables more revenue generation at lower rates. The total market value of all the assets, properties, and income in a given region or jurisdiction is what is referred to as the tax base. The tax base must be multiplied by the tax rate to determine the overall tax obligation: Tax Base x Rate = Tax Liability.As an example, the total dollar amount of taxable income in the case of personal income tax or the total dollar value of real estate in the case of real property tax are two common examples of tax bases that are quantified as a dollar amount to which a tax rate is applied.To learn more about income tax base refer to:
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table shows the payoff matrix for walmart and target from every combination of pricing strategies for the popular playstation 4. at the start of the game each firm charges a low price and each earns a profit of $7,000. is the current strategy in which each firm charges the low price and earns a profit of $7,000 a nash equilibrium? if not, why and what is the nash equilibrium? a. yes, the current situation is a nash equilibrium. b. no, it is not a nash equilibrium because each firm can do better by charging the high price. the nash equilibrium occurs when each firm charges the high price and earns a profit of $10,000. c. no, the current situation is not a nash equilibrium; it is a dominant strategy equilibrium. there is no nash equilibrium in this game. d. no, the current situation is not a nash equilibrium. the nash equilibrium for each firm is to have the other charge a high price and for the firm in question charge a low price.
The table shows- a cooperative equilibrium in which each firm charges the high price.
In economics, the concept of "cooperative equilibria" has been introduced from game theory. It refers to the equilibria of economic situations that are modelled using cooperative games and resolved by making use of the proper cooperative solution concept. Though not entirely in one direction, the influence does exist. The Cournot-Nash equilibrium and the Core, for example, are formalizations of economic concepts that have been around for a while. In a non-cooperative game in which no player has any incentive to alter their initial strategy, Nash Equilibrium, a concept from game theory, determines the best course of action. The Nash equilibrium states that, assuming the other players also maintain their initial strategies, a player does not benefit from changing their course. Multiple Nash equilibria can exist in a game, or none at all.
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How to manage risks? What businesses to acquire? How to measure business performance? What businesses to divest?
Choose matching term
1. Identify the key questions asked taken during the formulation of a corporate strategy for a large, multidivisional firm
2. Identify the three areas in which the choices are made as the main part of the operations strategy
3. What are the advantages to strategic planning compared to business unit planning and functional planning?
4. Identify the key questions asked taken during the formulation of a functional strategy for a firm
tool in managing any firm, especially during a market slump. In any economic climate, if you didn't have the proper risk management methods in place to minimise, or at least mitigate, the damage from that risk, an unanticipated surprise could easily wipe out your organisation in one fell swoop.
How should a company handle risk management?
systematically determining the hazards that surround your company's operations. estimating the likelihood that an event will occur. knowing how to react to these occurrences. establishing procedures to deal with the effects. The contribution margin ratio, operating leverage effect ratio, financial leverage ratio, and combined leverage ratio can all be used to assess your company's risk. These ratios compute business risk based on sales and fixed costs for your company.
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An insured has a Social Insurance Supplement (SIS) Rider in her disability plan. Following disability, she begins receiving SS benefits that are smaller than the SIS. At that point her insurance ends the SIS benefit payments. Which of the following best describes the situation?
-This is typical in a SIS rider
-Insured should contact insurer. SIS rider should pay the difference between the rider amount and the actual benefit
-Miscommunication. Proper authorities should be notified to end SS payments so SIS rider will continue to pay
-Although a mistake may have occurred, the insured has no recourse.
The insured should contact the insurer to ascertain her actual Social Security benefit amount. The SIS rider should pay the difference between the rider amount and the actual benefit. So option b. is correct.
An SIS rider can lessen your premium because it minimizes the insurance company's responsibility to pay you disability usefulness. Depending on the insurance company, social insurance riders may be called a social insurance supplement riders (SIS) or social insurance alternate benefits riders, or supplemental disability income riders (SDIR). The SIS rider directs you to involve in SSDI if you become disabled, and your Social Security advantages will be utilized to offset the benefits you obtain from your personal disability coverage.
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fill in the blank question. in preparing a cash flows from operating activities using the indirect method, an increase in accounts receivable would be (added/subtracted) to (from) net income.
In preparing a cash flows from operating activities using the indirect method, an increase in accounts receivable would be subtracted from net income. Subtracted from net income.
This is because the increase in accounts receivable means that the company owed more money than it did at the beginning of the period. This means that the company's net income is lower because it has not yet been paid for the goods or services provided. Therefore, when preparing cash flows from operating activities using the indirect method, the amount of the increase in receivables is deducted from the net profit. This calculation helps to better understand how much actual cash was generated from the company's operations during a given period.
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carla questioned the ethics of her company in hiring an indonesian firm to manufacture its clothing products. she knew that women who worked in these sewing factories were forced to work long hours in substandard conditions and she knew she wouldn't like to work that way. carla is demonstrating the use of
Carla is demonstrating the use of Moral imagination. Moral imagination is a method of inference that is intended to combat the organisational elements decision-making that skew ethical judgement.
The four decision-making processes defined by Rest (1986), namely moral sensitivity, moral judgement, moral intention, and moral behaviour, are what we refer to as the four components of the psychology of moral imagination. According to philosopher Mark Johnson, moral imagination entails imagining all potential outcomes in a certain circumstance in order to address an ethical dilemma. Johnson underlines that upholding moral principles frequently calls for more than just moral fortitude. To decide what is right or wrong and what people should behave in a given scenario, moral reasoning applies critical analysis to particular events.
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The President of PDQ Corporation donates restricted PDQ shares to the United Way after holding them for 3 years fully paid. United Way can sell the stock without restriction: Correct A. immediately StatusB B. after holding the securities for 90 days StatusC C. after holding the securities for 2 years StatusD D. after holding the securities for 3 years - The best answer is A. As long as the 6-month holding period requirement has been met on the restricted shares (the officer held them 3 years) when they are donated, the charity can sell them immediately. There is no requirement that another 6-month holding period be met.
Option A id correct. The President of PDQ Corporation holds all restricted PDQ shares for three years before donating them to the United Way. United Way can sell shares immediately without restrictions.
Who are PDQ`s current President?In 1991, Charlie Lieb, now the president of PDQ, joined the small company as chief operating officer, providing expert management skills. PDQ Manufacturing Co., Ltd.
What does PDQ in manufacturing mean?Before the term Retail-Ready Packaging (RRP) became standard, Walmart called this process "PDQ labeling." It means "pretty darn quick. The concept was that brands would package the products in such a way that Walmart stores could shelve the products quickly.
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the supply curve for manufactured goods is usually more elastic than for raw materials because production of manufactured goods can often be:
Because manufacturing can frequently be increased at the same cost per unit by expanding the number of factories, the supply curve for manufactured commodities is typically more elastic than that for raw materials.
The reason why supply curves become more elastic over time is unclear.There is still time for sellers to make adjustments and boost output. The time is there for consumers to explore for alternatives to the good.
Which supply curve is most elastic?An infinite price elasticity of supply characterizes a horizontal supply curve, as shown in Panel (b) of "Supply Curves and Their Price Elasticities. A horizontal supply curve is entirely elastic. It indicates that vendors are ready to provide any volume at a specific cost.
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Nuru Meda Golf and Driving Range plc was opened on March 1 by Nuru. The
following selected events and transactions occurred during March.
Mar. 1 Invested Br.120,000 cash in the business in exchange for ordinary
shares.
3 Purchased Mechare Meda’s Golf Land for Br. 76,000 cash. The price
consists of land Br. 20,000, building Br. 44,000, and equipment Br.
12,000. (Make one compound entry.)
5 Advertised the opening of the driving range and miniature golf course,
paying advertising expenses of Br. 3,200.
6 Paid cash Br. 2,480 for a 1-year insurance policy.
10 Purchased golf equipment for Br.5,000 from Young Company, payable in
30 days.
18 Received golf fees of Br.2,400 in cash.
25 Declared and paid a Br.2,000 cash dividend.
30 Paid salaries and wages of Br.1,800.
30 Paid Young Company in full.
31 Received Br. 1,500 of fees in cash.
Snyder uses the following accounts: Cash, Prepaid Insurance, Land, Buildings,
Equipment, Accounts Payable, Share Capital—Ordinary, Dividends, Service
Revenue, Advertising Expense, and Salaries and Wages Expense.
Instructions
Journalizing the March transactions of Nuru Meda Golf and Driving Range Plc is as follows: March 1 Debit Cash Br. 120,000. Credit Share Capital—Ordinary Br. 120,000.
What are transactions?An executed contract between a buyer and a seller to trade goods, services, or financial assets in exchange for money is known as a transaction.
The phrase is also frequently used in business accounting. This straightforward definition might be challenging in corporate bookkeeping.
In the world of accounting, transactions can be more complicated because corporations may strike an agreement today that won't be settled until some future time.
They may also have known but unpaid income or expenses. Transactions with third parties may also make things more difficult. Depending on whether a corporation utilizes accrual accounting or cash accounting, it may record a transaction sooner or later.
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FILL IN THE BLANK The purpose of a model is to construct an abstraction from real-world ______ to make events _______. To be useful, a model requires ______ assumptions.
The purpose of a model is to construct an abstraction from real-world complexities to make events understandable. To be useful, a model requires simplified assumptions.
A model is a condensed depiction of a complicated system used to comprehend it and make predictions about it. For instance: Economists construct theories and models similar to how a map is drawn. They remove certain details from reality and abstract them from it. They concentrate on the main elements or variables that will, in their opinion, explain the fact they are attempting to comprehend. In research, models are frequently employed to examine real-world systems that are too complicated to be directly understood.
A model's goal is to represent the key characteristics of the system or phenomenon being researched while simplifying minor details. A model must include simplified assumptions about the system or phenomenon being researched to be useful. Certain assumptions are made based on what is known about the system and what is pertinent to the idea being addressed.
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hayim accardi is the accounting manager for a small, local firm with full- and part-time staff. how do flsa guidelines regarding working hours apply to hayim's employees? note: you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.
Minimum wage considerations for both salaried and hourly workers-checked
Whether the company is required to abide by the FLSA (no interstate commerce)-checked
Maximum hours-checked
Minimum age- checked
Pay rates-checked
Mandatory break periods-checked
What is a wage?Wages are sums of money paid to an employee by their employer for labor done over a certain period of time.
Minimum wages, relevant wages, compensating payments like annual bonuses, and compensatory payments like gifts and gratuities are a few examples of wage payments.
The amount of hours worked affects an individual's income, which is determined by the hourly rate.
While wages are given to unskilled and semi-skilled labor, salaries are typically connected with skilled labor.
denotes an hourly, daily, weekly, or biweekly payment for services given. "A wage is the amount contractually paid by an employer to an employee for services rendered."
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