the price elasticity of demand expressed in absolute value is: 0.82.
This is done with the formula:
Ed= (dQ/Q) /(dP/P)
where,
Ed= price elasticity of demand
Q= Quantity dQ= change in Quantity
P= Price dP= change in Price
What price elasticity of demand?
The price elasticity of demand (which is often shortened to demand elasticity) is defined to be the percentage change in quantity demanded, q, divided by the percentage change in price, p.
Elasticity is an important economic measure, particularly for the sellers of goods or services, because it indicates how much of a good or service buyers consume when the price changes. When a product is elastic, a change in price quickly results in a change in the quantity demanded.
An example of products with an elastic demand is consumer durables. These are items that are purchased infrequently, like a washing machine or an automobile, and can be postponed if price rises.
For example, automobile rebates have been very successful in increasing automobile sales by reducing price.
What are the types of elasticity?
Elasticities can be usefully divided into five broad categories:
perfectly elasticelasticperfectly inelasticinelastic unitary.To learn more about elasticity from the given link
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if the residence is rented for fewer than 15 days in a year, it is treated as a personal residence . the rent income is excluded from gross income, and mortgage interest and real estate taxes are allowed as
You are not required to report rental income on your tax return if you rent the house for less than 15 days during the taxable year.
And the only deductions permitted are those that you would be permitted as a homeowner.Specifically, you can only deduct mortgage interest and real estate taxes (or, if applicable, casualty losses).
What is most commonly rented?
Primarily for Rent. The residence is considered rental property if it is rented for at least 15 days per year and is not used for personal purposes for more than the greater of (1) 14 days or (2) 10% of the total days rented.
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which model of global leader development argues that the company's global business strategy is a major determinant of the relevant lessons and skills that the leader needs?
The pyramid model of global leadership.
The Pyramid Model of Global Leadership is just an strategy based on the assumption that all leaders share a set of skills and capabilities.
What is pyramid model?Effective global leaders are able to collaborate with people from various backgrounds, understanding that their viewpoints and behavioral patterns are inspired by their cultures and values, and that their interpretations and behaviors are just as important as the leaders' own.The foundational qualities required for advancement from manager to leader are listed at the bottom of the pyramid: courage, aptitude, commitment, and discipline.It is the most widely held belief about leadership. The pyramid has several layers, including global knowledge at the bottom. The threshold traits, attitudes and orientations, interpersonal skills, and finally system skills are depicted above in order.To learn more about pyramid model refer to :
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which of the following must be considered when applying the gross profit method? (select all that apply.) multiple select question. the shipping terms utilized for the purchase and sale of inventory items. the inventory cost flow assumption used by the company. conditions that may have changed the current year gross profit margin.
The gross profit method uses current period data on net sales and cost of products available for sale along with the company's historical gross profit percentage to estimate inventory value.
Net sales minus cost of goods sold = gross profit. Cost percentage reliability is the secret to getting accurate forecasts when using the gross profit approach. The cost percentage will be understated and ending inventory will be overstated if it is too low. Under the accounting principle known as first-in, first-out (FIFO), assets that are bought or acquired first are also the first to be sold. Under FIFO, the inventory that is still on hand consists of the products that were purchased last. LIFO is an accounting technique that is an alternative to FIFO, in which assets purchased or acquired last are retired first.
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true or false: the private market can solve this problem by broadcasting downton abbey on cable tv, since then the good would be excludable and thus no longer a public good.
True.
The private market also could solve the issue by forcing people to watch commercials embedded in the program. Because the existence of cable TV makes the good excludable, it is no longer a public good.
What is private market ?Private markets are investments in assets that are not traded on a public exchange or stock exchange. This could include private equity (investments in private companies) or private debt (investments made directly to borrowers where there is no market to trade that debt on).Private markets are attractive for three reasons: potential return enhancement, inflation protection, and diversification. Most alternative investments provide some combination of these three desirable characteristics.To learn more about private market refer to :
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segments are those segments that are conceptually distinguishable and respond differently to different marketing mix elements and programs. question content area bottom part 1 a. differentiable b. measurable c. accessible d. actionable e. substantial
Effective market segmentation requires that market segments be sizable enough for a company to profit from serving them. so, segments must be measurable.
Market segmentation is a technique for breaking a sizable consumer or business market, often including present and potential customers, into smaller groups of clients based on a few types of shared characteristics.
Market segmentation is a technique businesses use to divide their potential clients into various groups. As a result, the employer is able to assign the best resource to each character segment, enabling more precise targeting across several marketing initiatives.
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boron company has net sales of $60,000; beginning inventory of $7,000; purchases of $35,000 and ending inventory of $5,000. the cost of goods sold is . multiple choice question. $33,000 $30,000 $60,000 $42,000 $37,000 $23,000
The Cost of Goods sold is $37,000 The Right Response is Option E $60,000.
What is net sales?
The total of a company's net sales is its gross sales less any returns, allowances, and discounts.
Given that the beginning inventory is $7000.
Company invests on purchases is $35,000.
The ending inventory is $5,000.
We know that,
Cost of goods sold = Beginning inventory + purchases - Ending inventory
Now substituting the value of Beginning inventor, purchases and Ending inventory in the above equation:
Cost of goods sold = $7000 + 35,000 - $5,000
Cost of goods sold = $42,000 - $5,000
Cost of goods sold = $37,000
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inflation is an increase in group of answer choices the overall price level. real gross national product. the price of one item. the average income level.
Inflation is an increase in the overall price level. In the study of economics, inflation is the broadening of price increases across the board for goods and services in a community.
The price of the products and services that families purchase rises, which is referred to as inflation. The rate of change of such prices is used to measure it. Generally, prices increase with time, but they can sometimes decrease (a situation called deflation). The Consumer Price Index (CPI), which calculates the percent change in the cost of a selection of products and services that families typically use, is the most well-known measure of inflation.
Depending on the sorts of commodities and services, there are several techniques to measure inflation. Deflation, which denotes a general reduction in prices when the inflation rate goes below 0%, is the reverse of this phenomenon. Each unit of currency may acquire fewer products and services as the average price level rises, hence inflation is associated with a decline in the spending power of money.
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The push model is also called ________ which means the production process begins with a ________ that is simply an educated guess as to anticipated customer demand.
Push-based manufacturing is often referred to as "Make to Stock" (MTS), in which the business bases its production on anticipated demand rather than actual demand. An MRP program manages all scheduling and ordering activities based on financial, operational, and logistical planning.
What you mean by Make to Stock?Make-to-stock (MTS) is a manufacturing technique where production scheduling and planning are based on anticipated demand for the product.
Orders placed during one manufacturing period are filled using products produced during the following production period.
Push-based manufacturing is often referred to as "Make to Stock" (MTS), in which the business bases its production on anticipated demand rather than actual demand. An MRP program manages all scheduling and ordering activities based on financial, operational, and logistical planning.
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you are trying to price two bonds that have the same maturity and par value but different coupon rates and different required rates of return. both bonds mature in 3 years and have par values of $1000. one bond has a coupon rate of 7% and a required rate of return of 7%. the other bond has a coupon rate of 5% and a required rate of return of 5%. what is the absolute value of the difference between the price of these two bonds?
As the coupon rate and required rate of return are the same on both bonds, the bonds will be issued at the par value of $1,000. Therefore, the absolute value of the difference between the price of the two bonds will be $0 (1,000 - 1,000).
In marketing, a chit is a price tag or file that can be redeemed for an economic discount or rebate when buying a product. Customarily, coupons are issued by way of manufacturers of client packaged goods by means of stores, for use in retail shops as part of income promotions. They are regularly extensively distributed through mail, coupon envelopes, magazines, newspapers, the net (social media, electronic mail newsletter), directly from the store, and mobile devices together with mobile phones. The big apple instances said that "more than 900 producers' coupons had been disbursed" in line with family, and that "America Department of Agriculture estimates that 4 households in five use coupons.
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evaluation and control process can be defined as: question 7 options: determining how well the organization is meeting its goals annual reviews of employees' work efforts correcting problems within the company monitoring the use of technology predicting this year's sales figures
To make sure that performance levels don't deviate from the desired levels, evaluation and control should be regularly checked.
The process of evaluating a given strategy's efficacy in accomplishing organizational goals and taking appropriate corrective action when necessary is known as strategic assessment and control. By creating crisis management teams and contingency plans, control may be exercised.
Therefore, it's crucial for organizations to have evaluation and control systems in place to aid in tracking their performance. Establishing a strategic control mechanism as part of management allows firms to reconsider their strategies and move quickly in the event of unanticipated or undesirable results.
Evaluations also assist in identifying areas that require improvement and the steps required to get performance back in line with organizational goals. You attempt to take charge by putting strategies into place to help you get back on track after you have successfully evaluated the modifications necessary.
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a worksheet can be thought of as an: a. part of the general ledger b. permanent accounting record c. optional device used by accountants d. part of the journal
A worksheet can be thought of as an part of the general ledger. A ledger is a physical or digital record that contains entries for bookkeeping.
What is ledger?A ledger is a physical or digital record that contains entries for bookkeeping. For one account, one type of transaction, or—in the case of a general ledger—summarized data for all of a company's financial activities throughout a time period, ledgers may contain detailed transaction information. A ledger is an accounting book or group of books where account transactions are noted. Each account has a beginning or carry-forward balance, as well as the ending or closing balance, and would record each transaction as either a debit or credit in distinct columns.A worksheet used by the accounting division to model and analyze account balances is known as an accounting worksheet. For checking that accounting entries are obtained accurately, a worksheet is helpful. Tracking changes to an account from one period to the next can also be useful.
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using the rule 72 how many years would it take to double your money if your RIO is 4%
Using the Rule of 72 the years it would take in order to double your money if your ROI is 4% would be 18 years.
The Rule of 72 is said to be a calculation which tends to estimate that the number of years it takes in order to double your money at a specified rate of return. If, for instance, your account tends to earn 4 percent, then you can divide 72 by 4, which is your Rate of Interest (ROI) to get the number of years it takes for money to double. In this case, it will be 18 years.
The Rule of 72 is said to derive from a more complex calculation and so it is an approximation, and thus it is not perfectly accurate. So, the most accurate results from the Rule of 72 are based at the 8 percent interest rate.
Hence, the basic rule of 72 says that the initial investment can double in around 3.27 years.
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if tom has a monthly income of $3,000 and his wife's monthly income is $3,500, what is the estimated maximum loan payment they would qualify for under the fha guidelines?
Important FHA Borrower Requirements
A minimum FICO® score of 580 equals a 3.5% down payment.
10% down payment for a FICO® score between 500 and 579.
Mortgage Insurance Premiums, or MIP, are necessary.
43% debt-to-income ratio.
The borrower's primary residence must be the property.
Borrower must be employed and provide employment verification.
What determines FHA eligibility?A minimum credit score of 580 is required for FHA loans in order to qualify for a 3.5% down payment. You could be eligible for an FHA loan with a 10% down payment if your credit score is between 500 and 579. An average credit score for conventional loans is 620 or higher.
You were most likely turned down for an FHA loan for one of three reasons: poor credit, a high debt-to-income ratio, and a lack of overall funds to meet the down payment and closing charges.
3.5% down payment, a 43% debt-to-income ratio, and a 580 credit score are all minimal requirements for an FHA loan. In actuality, a credit score as low as 500 is acceptable when applying for an FHA loan. However, if it is between the range of 500 and 579,
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on june 8, williams company issued an $94,800, 10%, 120-day note payable to brown industries. assuming a 360-day year, what is the maturity value of the note? round your answer to the nearest whole dollar. a.$97,960 b.$94,800 c.$9,480 d.$104,280
$81,333, assuming a 360-day year, what is the maturity value of the note round your answer to the nearest whole dollar.
In psychology, maturity may be operationally defined as the level of mental functioning (measured through standards just like the Wechsler Intelligence Scale for kids) possible attain, and then the extent of mental functioning no longer increases a great deal with age. However, past this, integration is also an issue of maturation, inclusive of the integration of character, in which the behavioral patterns, motives, and other trends of someone are regularly delivered together, to work together correctly with little to no warfare among them, as a prepared entire, bringing a person's numerous motives collectively right into a motive in lifestyles. Living proof: adult improvement and maturity theories encompass the reason in life concept, wherein adulthood emphasizes a clear comprehension of life's reason, directedness, and intentionality, which contributes to the sensation that life is meaningful.
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a bank loaned out $23,000, part of it at the rate of 11% annual interest, and the rest at 12% annual interest. the total interest earned for both loans was $2,595.00. how much was loaned at each rate
The portion of the loan 11% is 23000(0.4954) = $11,394.2
And the portion of the loan 15% is 23000(0.3045) = $7015
Let x be the amount loaned at 11% annual interest so that 23000-x represents the amount loaned at 12% annual interest.
The total interest earned for both loans was $2,595.00 so we can write:
23000(P) = $2,595
P = 0.09 or 9.00 %
This number is a weighed average of the 4% yield and the 15% yield so the next equation to solve is
9.00 = 11 (1 – X) + 12X
Where X is the proportion of the loan given at the indicated interest. So
10.55 = 11 – 11X + 12X
5.45 = 11X
X = 0.4954
1-X = 0.3045
So the portion of the loan 11% is 23000(0.4954) = $11,394.2
And the portion of the loan 15% is 23000(0.3045) = $7015
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markets distribute production across companies in a way that: minimizes costs. maximizes production. maximizes the number of firms. minimizes production.
The distribution of production by markets across companies is done in such a way that it minimizes costs.
How is production distributed?Production in a market is distributed according to the various companies in the market. The goal of this production is to minimize costs that are incurred by the companies in being able to provide goods and services. There are two reasons why the costs in a market need to be minimized and they both relate to ensuring that the customers are at an advantage.
The first reason for the reduced cost is that companies can be able to produce more goods and services because they will spend less per unit produced. This is therefore good for the market at large with consumers getting more goods. Lower costs also mean lower prices for consumers which is good for them once again.
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in its first year of business, laker corporation had sales of $2,150,000 and cost of goods sold of $1,275,000. laker expects returns in the following year to equal 5% of sales and 5% of cost of goods sold. the adjusting entry or entries to record the expected sales returns is (are):
The Sales Returns and Allowances entry or entries are used to adjust for the anticipated sales returns. 160,000 Inventory Returns, 160,000 Sales Refund Due around 96,000 sold items cost was 96,000.
A sales return is an adjustment to sales resulting from the actual return of goods by a consumer who had previously purchased them from the Inventory Returns company. The account "Sales Returns and Allowances" is frequently used to record it.
Typically, a sales return is entered under "Sales Returns and Allowances." The income statement shows this account as a debit from "Sales" (or Gross Sales).
Actual physical returns of the product are required for sales returns, and Inventory Returns the consumer will receive a refund or credit to their account in exchange. Contrarily, a sales allowance occurs when the customer sales returns consents to accept the item for less than it was originally sold for. Both instances are classified as sales adjustments and are listed under "Sales Returns and Allowances."
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Marginal cost _____ over the range of increasing marginal returns and _____ over the range of diminishing marginal returns.
Decreases; increases.
Since marginal cost and product have an inverse relationship, marginal product will always be at its peak right when marginal cost is at its lowest. The inverse is also true, with marginal product reaching its lowest point while marginal cost rises to its highest point.
When marginal returns rise, what happens?When labor is increased by one unit while keeping all other inputs constant, the marginal product of labor calculates the change in output. Since specialization enables former employees to concentrate more on certain activities, which can boost efficiency, it is an indication that specialization is taking place when the marginal return to labor is increasing.When marginal returns are increasing, marginal cost decreases, and when marginal returns are declining, it increases. The marginal physical product of work has a relationship with marginal returns. When more units of input are used, the total output increases at a rising rate, this is known as increasing marginal returns.To learn more about Marginal returns refer to:
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taxable equivalent yield what's the taxable equivalent yield on a municipal bond with a yield to maturity of 4.4 percent for an investor in the 35 percent marginal tax bracket? note: round your answer to 2 decimal places. multiple choice 1.54% 6.77% 12.57% 4.40%
6.77% is the taxable equivalent yield on a municipal bond with a yield to maturity of 4.4 percent for an investor in the 35 percent marginal tax bracket.
Municipal bonds are tax exempt, thus the after-tax yield is the same as the pre-tax yield, which is 4.4%.
Given a 35% tax rate, the taxable equivalent yield is such that: taxable equivalent yield *(1 - 35%) = 4.4% taxable equivalent yield = 6.77%.
The tax-equivalent yield is the pretax yield required for a taxable bond's yield to be equivalent to that of a tax-free municipal bond.
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harrison is retiring from a local bakery that has been in his family for four generations. because he does not have an heir to whom he can pass the bakery, he is selling it to a young couple. when they meet to discuss the transfer of the business, what are some things that harrison should share with the new owners about the success of his business?
Harrison should share the culture of the company through stories, rites, and rituals.
This will indicate to the new owners the work culture that has been adopted at the company and how competent are the employees.
Hearing the pride in Harrison's voice for the success that has been achieved at the company would give confidence to the new owners that they can also run a profitable business like him.
The young couple would feel more comfortable in their decision to buy the bakery.
Company culture is the way you do what you do within the administrative center.
It's the sum of your formal and informal systems and behaviors and values, all of which create an experience for your personnel and clients.
In its middle, corporation subculture is how matters get performed around the place of the job.
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warren advertising becomes aware of a lawsuit after the end of the fiscal year, but prior to the issuance of financial statements. a loss should be accrued and a liability should be reported if the amount can be reasonably estimated and:
After the fiscal year has ended but before the release of financial statements, Warren Advertising learns of a lawsuit. If the amount can be reasonably approximated, a loss should be recorded and a liability should be disclosed and the cause for action occur prior to the end of the fiscal year. So the appropriate option choice from the options given is (a).
What is a financial statement ?A financial statement is a document that details the operations and performance of a company's finances. Lenders and investors use it to evaluate a company's financial stability and earnings potential.
In accounting, there are four fundamental financial statements:
1. Balance sheet: This document provides a picture of your company's financial situation at a specific point in time and contrasts your assets and liabilities (your liabilities).
2. Profit and loss statement: Also known as an income statement, this report details the revenues and costs of your company.
3. Cash flow statement: Also known as a statement of cash flows, this document displays changes in the amount of money that enters and leaves your company over time.
4. Statement of changes in equity: Also known as a statement of owner's (or shareholder's) equity or a statement of retained earnings, this document displays the amount of cash your company retains (rather than pays out to shareholders or owners).
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The complete question is mentioned below :
Warren Advertising becomes aware of a lawsuit after the end of the fiscal year, but prior to the issuance of financial statements. A loss should be accrued and a liability should be reported if the amount can be reasonably estimated and:
1. The cause for action occurred prior to the end of the fiscal year.
2. The damages would be payable within a year.
3. Both a. and b.
4. The contingency should not be accrued.
g if the real exchange rate is 1, then there is a a. surplus of 100 so the real exchange rate will fall. b. shortage of 100 so the real exchange rate will rise. c. shortage of 100 so the real exchange rate will fall. d. surplus of 100 so the real exchange rate will rise.
g if the real exchange rate is 1, then there is a surplus of 100 so the real exchange rate will fall.
A change is a market in which securities, commodities, derivatives, and different monetary gadgets are traded. The middle feature of a change is to make certain truthful and orderly buying and selling and the green dissemination of fee facts for any securities buying and selling on that change. A change is a market in which monetary gadgets are traded. They may be both physical, just like the New York Stock Exchange, or only digital. By centralizing the shopping for and promoting of a specific instrument, the exchange's goal is to make buying and selling truthful for all and as green as possible. The term “change” has numerous definitions. At a simple level, it refers to the act of giving something if you want to get hold of every other issue of equal cost, together with changing coins for goods. In economic terms, it is able to talk to buying and selling one foreign money for its equal cost in every other foreign money.
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pete works for a telecommunications firm. his job is to go out and try to find new customers, which can also involve acquiring existing customers from competitors. pere's type of sales position is most accurately described as a(n)
pere's type of sales position is most accurately described as a Multiple Choice management salesperson.
Sales management contains hiring, training and inspiring the sales team, predicting sales and setting sales goals, and developing practical systems for managing leads and improving sales.
Why is the sales managers role so important to a company's success Mcq?Sales manager's role is one of the considerable involved role in the corps, they need to manage their target, recruit , encourage and train the sales people, manage the operation process, handling complaints, execute marketing techniques and be a customer promoters and compliance officer, the list can go on and on.Ability to Predict Sales Goals Based on Analytics.Strategic Thinking and Planning Mastery to Implement Sales Plans.Capacity to Coach, Mentor, and Motivate Salespeople.Knowledge to Delegate Responsibilities.Proficiency to Communicate.Sales management contains hiring, training and inspiring the sales team, predicting sales and setting sales goals, and developing practical systems for managing leads and improving sales.To learn more about : Salesperson
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consider the assembly line of a laptop computer. the line consists of 10 stations and operates at a cycle time of 2.00 minutes per unit. their most error-prone operation is step 2. there is no inventory between the stations, because this is a machine-paced line. final inspection happens at station 10. what would be the information turnaround time for a defect made at station 2?
If station 2 is their most error-prone operation, then the information turnaround time for a fault created there would be cycle time of full line = 2 minutes/unit.
This means that one unit is made in 2 minutes. In the line of 10 stations the 2nd step is the most error prone.
Error made at step 2 means that unit must be processed by 8 other error-prone stations in order to be made and inspected at 10th station.
Thus, Information turnaround time = cycle time x number of stations after cycle time error is made
= 2 x 8 = 16 minutes
The authors quantify coupling and strength ratios in software systems and utilize the ratios to pinpoint error-prone system structures using error-prone data bindings, which are metrics of data interaction. For the empirical analysis, a 148000 source line system from a prediction environment was chosen. Data on software errors were gathered from error-prone the high-level system design, system testing, and system field operation.
In order to determine a hierarchical description of each of the 77 subsystems of the system, the authors employ a clustering technique cycle time along with a set of five tools to calculate the data bindings automatically. A nonparametric analysis of variance model is used to categorize subsystems and individual routines that have either a lot of errors or not many errors, or a lot of or not much work put into error correction.
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which of the following statements is true of buying decisions? question 8 options: the type of buying decision does not affect the promotional mix of an organization. consumers are not involved in complex buying decisions. print advertising can be useful for high-involvement purchase decisions. personal selling is most effective in helping consumers in routine decisions.
The correct answer is option (D) personal selling is most effective in helping consumers in routine decisions.
Personal selling is most effective in helping consumers in routine decisions. This statement is true of buying decisions
What is Personal Selling?Personal selling, commonly referred to as face-to-face selling, involves one salesperson persuading a customer to purchase a product. It is a type of advertising where the salesperson makes an effort to close a deal by applying his or her knowledge and skills.
The perfume and cosmetic shops in department stores provide a good illustration of personal selling. In addition to trying several things, a consumer can receive advise on how to use the product. Personal selling is frequently used to market and sell products with moderately high pricing or complicated features.
Personal selling offers a thorough justification or illustration of the goods. Particularly for sophisticated or novel products and services, this competence is desired. Depending on each potential customer's interests and motives, the sales message can be altered.
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which process does general electric uses to invite alternative vendors to bid on supplying their required components? segmentation rfp reselling organizational culture
RFP or Request for proposals is process does general electric uses to invite alternative vendors to bid on supplying their required components.
Define RFP.A request for proposals (RFP) is a business document that announces, describes, and requests quotes for the completion of a project from capable contractors. It is an open request for bids to finish a new project that the business or other group issuing it has suggested.
It is intended to stimulate competition and a wide range of alternatives that the project's planners may take into account. Both large and small businesses typically have just enough resources to continue running their current operations. They lack the knowledge and resources necessary to add a new project to their burden if they decide to take it on.
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which statement is true? please choose the correct answer from the following choices, and then select the submit answer button. answer choices a mutual fund that mimics a broad stock market index is called an active fund. a mutual fund that mimics a broad stock market index is called a trends fund. a mutual fund that mimics a broad stock market index is called a passive fund. a mutual fund that mimics a broad stock market index is called a trust fund.
The true statement is A mutual fund that mimics a broad stock market index is called a passive fund. The other statement doesn't represent the definition of each word.
An investment fund can be described as a way of investing money alongside other investors in order to benefit from the inherent advantages. A fund in investment can be used to set aside a certain amount of money for a specific need. A fund also can be divided into several categories, such as passive fund, active fund, trust funs, and also trends fund. A passive fund can be defined as an investment vehicle that tracks the stock market, a market index or specific area of the market.
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in myanmar (formerly burma), 6 laborers, each making the equivalent of $6 per day, can produce 40 units per day. in rural china, 10 laborers, each making the equivalent of $4 per day, can produce 45 units. in billings, montana, 2 laborers, each making $120 per day, can make 100 units. based on labor costs only, which location would be most economical to produce the item?
China is most economical. Thus, comparing all the three places it can be said that China is the most economical place for producing the units.
What are the types of production in economics?Resources that are used to produce commodities and services are known as factors of production. They constitute the foundation of the economy. Land, labor, capital, and entrepreneurship are the four groups into which economists divide the components of production.
The proceeds from market production are used to fund both public and domestic production. In order to produce goods and services and to generate income, market production plays two roles in the creation of well-being.
What are the 3 types of production?Job production, in which each item is created separately and is completed before the next one is started.Batch production, in which a number of objects are created simultaneously.flow production, which involves producing uniform, standardised goods on a production line.To learn more about production in economics visit:
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henry mintzberg argued that emergent strategies . group of answer choices are a mix of deliberate and realized strategies are a mix of deliberate and leadership strategies are a mix of deliberate and sustainability strategies none of the above.
Henry Mintzberg argued that emergent strategies a mix of deliberate and realized strategies. Emergent strategy is a series of acts or behaviors that are observable over time.
Henry Mintzberg "a realized pattern [that] was not expressly intended" when strategy was first planned. When a purposeful strategy is successful, the outcome is as anticipated. Unrelated to specific goals, an emergent strategy is created when a group of activities become a recurring pattern of behavior over time.
The organization has a sense of purposeful direction thanks to deliberate strategies. Emergent strategy suggests that a company is discovering what actually works in the real world. The organization will be able to maintain control over its course while promoting learning if deliberate and emergent techniques are combined in some way.
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in 2002, the united states placed higher tariffs on imports of steel. according to the open-economy macroeconomic model this policy reduced imports a. of steel into the united states, but reduced u.s. exports of other goods by an equal amount. b. of steel into the united states and increased u.s. exports of other goods by an equal amount. c. into the united states and made the net supply of dollars in the foreign exchange market shift right. d. into the united states and made u.s. net exports rise.
The United States increased its import tariffs on steel in 2002. According to the open economy macroeconomics model this policy should have the United States and make the net supply of dollars in the foreign exchange market shift right. option C is correct
All of the other things, when they imposed tariffs on exports of U.S. steels, there occurred a total increase of costs where it resulted in lowering the demand in the importing country, which created an increase in the supply surplus in the exporting country. An open economy is a form of economy in which organizations from other nations trade goods in addition to those produced domestically (goods and services). Management interchange, technological transfer, and the exchange of a wide range of commodities and services are all examples of trade. A free exchange of ideas between nations' economies is the definition of an open economy. Two ways exist for an open economy to engage with other nations. On international product marketplaces, it purchases and sells goods and services. Macroeconomics is the study of how economies function, including changes in the balance of payments, inflation, interest and foreign exchange rates, and economic production. The majority of the steel-consuming businesses continuously report that neither continuing nor ending the tariffs rates will simultaneously have various changes in the employment rate, international competitiveness, or even the capital investment.
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