what are the basic factors for selecting business? Explain any two factor of it. ​

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Answer 1

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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FILL IN THE BLANK. Protecting yourself from exposure to toxic substances in the workplace is an example of promoting ______ wellness.

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Skills in communication, education, technical skills, creativity, experience, problem-solving abilities, mental health, and personal resilience are all examples of human capital.

What is an example of human capital Class 9?

Human capital investment is the investment in things like education, training, and medical care.

What are the most important examples of human capital and physical capital?

Inanimate assets like cash, property, job site equipment, and inventory make up physical capital. In contrast, human capital refers to the capabilities, knowledge, and skills of an organization's staff.

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which of the following would be reported as an investing activity in a company's statement of cash flows?

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A.Purchases of inventory such as stocks, bonds, or other marketable securities would be reported as an investing activity in a company's statement of cash flows.

This is because these investments represent the company's capital investments, which are reported on the statement of cash flows.

Investments are defined as assets bought or invested in with the goal of increasing wealth and setting aside funds from salary or capital gains. The main goal of an investment is to generate additional revenue or to make money on the investment over a certain amount of time.

Hence the options are : A. Purchasing inventory
B. Depreciation expense
C. Issuing common stock
D. Repaying a loan. So the correct option is A. Purchasing inventory

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in what kind of economy does the state own all means of production? group of answer choices mixed economy planned economy market economy totalitarian economy

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Totalitarian economy is one of economy form that the state own all means of production. Totalitarian means that government is the central.

In economic, Totalitarianism generally can be defined as a form of government that attempts to assert total control over the lives of its citizens. In the economic market, Totalitarian economy generally can be defined as one of economy form that the state own all means of production. Totalitarian economy has a character as a strong central rule that attempts to control and direct all aspects of individual life through coercion and repression.

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Your manager needs to purchase a computer for the new receptionist in your department. The usual price is $1,100. The local supply company gives the facility a 13 percent reduction on all items they purchase. What price will your manager pay?

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Answer: $957

Explanation:

100% - 13% = 87%

13% reduction in price = item is 87% of it's original price.

87% = 0.87

$1,100 x 0.87 = $957

which two of the following are the broad categories that should be considered when analyzing the economic component in an environmental scan?

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Macroeconomic conditions and consumer income are the broad categories that should be considered when analyzing the economic component in an environmental scan.

What is the definition of macroeconomics?

The study of an economy's behavior and overall functioning is the main goal of the branch of economics known as macroeconomics. Inflation, unemployment, growth rate, and gross domestic product are just a few of the economic trends that are highlighted. The study of macroeconomics focuses on the functioning of economies, including shifts in the balance of payments, inflation, interest and foreign exchange rates, and variations in economic production.

Only solid monetary and fiscal policies can lead to social fairness, poverty reduction, and sustained growth. Gross domestic product (GDP), inflation, and employment statistics are the top three macroeconomic indicators. Maximizing living standards and achieving steady economic growth are macroeconomics' main objectives.

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1. Johnson is working as a manager in the asset management division of a well-known company. He has created an internal environment which is conducive to an effective and efficient performance of his team of ten relationship management executive. He determines the goals of his department that are consistent with the overall goals of the organization. The future course of action of the team members has already been laid out. Various resources required by relationship managers such as a small portable computer activated by touching the screen with Global Positioning System, account opening forms, brochures, account holder lists etc. The executives have been given sufficient authority to carry out the work assigned to them. Johnson works closely with the Human Resources Manager to ensure the creation and retention of a satisfied and satisfied workforce within the department. With constant guidance and motivation, Johnsen inspires them to realize their full potential. It offers them different incentives from time to time keeping in mind their different individual needs. Moreover, it closely monitors individual performances to ensure they meet the standards set and takes corrective action when necessary. List and describe the five managerial function concept mentioned in the above paragraph and the indicators of those managerial functions. 2. Shoes manufacturing company wants to be the market leader. He wanted to make a detailed plan for this. The step taken by the company is to set targets for four months to sell the maximum number of shoes in the market 3 30000. The team does not want to make any mistakes, so they decided to make the right plan. They decide to come up with alternative plans to arrive at the best possible plan. However, the team is surrounded by doubts. To clear doubts, he goes to evaluate plans to get the most profitability. The plan will be taken to the entire organization and to the relevant parties. It has finally been put into action. Without much care for the result, the company starts working on the other project at the same time. Identify the steps in the planning process implemented by the organization in this case?​

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In the given case - The five fundamental management tasks of staffing, leading, controlling, organizing, and planning are the skills that good managers learn to master.

Management must ensure that crucial tasks are completed effectively (in the best manner possible) and efficiently (by acting morally). The four main tasks that managers must complete as part of the management process are planning, organizing, leading, and controlling. Five actions are required: Establish goals, communicate them to the workforce, motivate them to take part, keep an eye on the progress, and then assess performance and recognize success. MBO's detractors contend that this encourages workers to use any means necessary to accomplish the objectives, frequently at the expense of the business.

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examples of the types of derivatives contracts (not the underlying asset but the type of contract) include .

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Futures contracts, options contracts, and credit default swaps are common types of derivatives. assets Stocks, bonds, commodities, interest rates, market indexes, and currencies.

are examples of underlying assets. Distinct types of investment risk are associated with different classes of underlying assets and their financial derivatives. Derivatives are contracts that provide the buyer or seller the right/obligation to acquire or sell a certain asset at a specific price at a specific future date. The underlying asset (also known as a commodity) of a derivative contract is the one that will be bought or sold at a later period. Futures contracts, options contracts, and credit default swaps are common types of derivatives. Aside from this, there is a large array of derivative contracts designed to fulfill the demands of a wide range of counterparties.examples of the types of derivatives contracts (not the underlying asset but the type of contract) include .

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Universal Containers has just restructured Its Sales Department. Records that the sales manager expects to see are not showing up in the new Opportunity Report. Which three questions should the Administrator ask to troubleshoot this issue?
Are records still being shared with the sales manager?
Do owners of all records have Roles and correct Territory Assignments?
Did the sales manager start from a copy or clone of an existing report?
Have the owners of the records been frozen?
Do the records the sales manager expects to see match the filter criteria?
Please select 3 correct answers

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These three questions the Database Administrator should ask to troubleshoot this issue:

Are records still being shared with the sales manager?Do owners of all records have Roles and correct Territory Assignments?Do the records the sales manager expects to see match the filter criteria?

What is Database?

A database is a structured collection of connected data that has been systematically arranged and is kept in a way that makes it simple to administer and update. It serves as the central repository for all data, comparable to a library's collection of books spanning a variety of genres. Imagine data as a library. The data can be set up in a database in the form of a table with rows and columns. The data may be easily located and retrieved whenever necessary by indexing it. With the use of databases, a large number of websites on the Internet are operated.

Database handlers are people who design databases so that the information in them is accessible to users through just one group of software applications.

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According to the text, what factors contribute to a manager's effectiveness?

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In order to connect with, inspire, and positively impact employees' behavior, managers must focus on human factors, which supports both short- and long-term company success.

What is a manager?

A manager is someone who oversees a particular department within a company, or "manages" the company as a whole. The manager of a department may have control over the workers in that division. There may be times when the manager is in charge of the entire business. A manager is someone whose main job function is management. They should be able to hire, fire, discipline, assess performance, and keep attendance records. They also need to have the power to approve overtime and vacations. Team managers or supervisory managers are responsible for overseeing subgroups within a certain role. They could also be in control of a team that includes personnel from several business divisions.

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to raise money for a new sport in their city (field hockey), the chamber of commerce sponsors a race. each participant will pay a $5 entrance fee and has a chance to win one of the different sized trophies to the first eight runners who finish.

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The chamber of commerce could also offer sponsorships for the race, which would help to raise additional funds for the new sport.

Participants would pay a $5 entrance fee, and the first eight runners to finish would receive a trophy of varying sizes. The chamber of commerce could also offer additional incentives, such as t-shirts or other prizes, to encourage more people to participate. Additionally, the chamber of commerce could reach out to local businesses to sponsor the event, which would help to cover the cost of the trophies and other expenses. A chamber of commerce, or chamber of trade, is a form of business network. For  illustration, a original association of businesses whose thing is to  foster the interests of businesses. Business possessors in municipalities and  metropolises form these original societies to advocate on behalf of the business community. Original businesses are members, and they  handpick a board of directors or administrative council to set policy for the chamber. The board or council also hires a President, CEO, or Administrative Director, plus staffing applicable to size, to run the association.

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Without trade, points that lie outside the production possibilities frontier are

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Without trade, points that lie outside the production possibilities frontier are unattainable. This is because the production possibilities frontier represents the maximum amount of goods and services that can be produced with a given amount of resources.

Therefore, any points that lie outside the production possibilities frontier are not achievable with the given resources. In order to attain these points, a country must engage in trade with other countries in order to acquire the resources needed to produce the desired goods and services. The production possibilities frontier (PPF) is a graphical representation of the maximum amount of goods and services that can be produced with a given amount of resources. The PPF shows the different combinations of goods and services that can be produced with a given amount of resources, and the points on the PPF represent the maximum amount of goods and services that can be produced with those resources. The PPF is used to illustrate the concept of opportunity cost, which is the cost of forgoing one good or service in order to produce another. The PPF also illustrates the concept of trade-offs, which is the idea that an increase in the production of one good or service will result in a decrease in the production of another.

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you are firing you weapon and find you cannot pull the charging handle to the rear. select the probable cause

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TBS-CSW-1003c If an M240 medium machine gun stops firing, pull the action to the rear to cease cookoff and deactivate the weapon.

What does the term "activity" mean?

Action words, also known as action verbs, are verbs that directly describe what a person is doing or has just done. Your resume's bulleted action statements ought to begin with an action verb. Change up the action words you use in your resume with care. It is possible to draw a distinction between active behaviour, such as reflexes, and passive behaviour, such as immobility or scattered cognition. Physical exercise is not necessary. Making a decision or formulating a plan of action are examples of actions.

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refer to exhibit 11.1. by investing in u.k. treasury bills rather than u.s. treasury bills, and not covering exchange rate risk, u.s. investors earn an extra return of

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U.S. investors can receive an additional return of: 4% annually, 2% for the preceding six months by investing in U.K. treasury notes rather than U.S. treasury bills and avoiding taking on exchange rate risk.

The manufacture of coin and money, the distribution of payments to the American public, revenue collection, and the borrowing of funds required to run the federal government are just a few of the processes that the Department of the Treasury manages and keeps running. To raise money, the government or businesses issue Treasury bills, which are debt documents. Less than a year is the tenure of T-Bills. Additionally, governments and businesses issue bonds as a means of raising capital. The Treasury Building, which may be found in Washington, DC at 1500 Pennsylvania Avenue, NW, was given national historic landmark status in 1972.

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By investing in U.K. treasury bills rather than U.S. treasury bills, and not covering exchange rate risk, U.S. investors earn an extra return of:

If overhead cost does not bear a relation to the allocation base allocating overhead cost using a single plantwide overhead rate can: (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.)
A. increase the usefulness of the product cost B. distort product cost C. lead to good managerial decisions D. ad to poor managerial decisions

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Expenses that might change over time, such shipping prices, are categorised as variable overhead costs.

What is meant by Overhead cost?

Overhead is a term used in business to describe a recurring cost of running a company. In contrast to operating costs like raw materials and labour, overheads are expenses that cannot easily be linked to or identified with any specific revenue unit.

Because they represent the expense of running your firm, overhead costs are crucial. It will be easier to guarantee your firm is successful and to achieve the best margins on your sales if you understand and manage your overhead well, especially in relation to your business output.

There are three basic categories in which overhead can be broadly divided. Expenses with a fixed amount over an extended period of time are categorised as such. The depreciation of fixed assets and rent are two examples. Expenses that might change over time, such shipping prices, are categorised as variable overhead costs. They both combine to form semi-variable costs.

Therefore, the correct answer is option D. ad to poor managerial decisions.

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Can someone explain to me what "financial" and "capital" actually mean in a very understandable way, please? I am confused about those two... please don't copy-paste definitions from the web cos I want someone to clearly explain them to me.

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"Financial" refers to anything related to money or finances. This can include things like earning and managing income, budgeting, saving and investing, and managing debt.

"Capital" specifically refers to money or assets that are used to create or produce more wealth. This can include things like money that is invested in a business, property, or other venture, with the expectation that it will generate a return on investment (ROI). In other words, capital is a form of financial resources that are invested to generate income or profit in future.

In summary, financial is a broader term that encompasses all aspects of managing money, while capital specifically refers to the money or assets that are used to generate income or profit.

Licensee Gwen and her buyer client Marcus are writing up an offer on Clayton’s property Gwen will need to use an additional provision in the offer which of the following reasons for using an additional provision apply

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Licensee Gwen and her buyer client Marcus are writing up an offer on Clayton’s property Gwen will need to ask the seller to pay closing costs. This is more common in a cold market.

What is cold market?

The term "cold market" describes a salesperson's potential future clients. Warm market is the opposite of a chilly market. Warm market is defined in sales and direct marketing as marketing to individuals you know, such as friends, family, referrals, or current clients.

The target or potential clients don't know you or your business. In a market, customer relationships are crucial.

It is simpler for us to support the product when we have a relationship with the customer, such as a family, friend, or relative. When we sell to these reputable individuals, there will be credibility, accountability, and security.

However, we must begin by taking baby initiatives to earn the trust of new acquaintances. For the relationship to develop, we need to put in more time and effort.

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For each type of goal listed below, indicate the level of management responsible for setting that type of goal. Board of directors Top Middle Lower Operational goals O O O OStrategic goals O O O OMission statement O O O OTactical goals O O O O

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Lower management - operational goals

Strategic goals - top management

The mission statement - Board of directors

Tactical goals - middle management

Operational goals: These are well-defined objectives for the day-to-day tasks and requirements of running a business. Effective activities make it easier for employees to work and succeed in the workplace. Activities ensure that products and services are promoted through predefined daily tasks.

Strategic goals are the specific monetary and non-monetary goals and outcomes that an organization intends to achieve over a specific time frame, typically the next three to five years.

A mission statement is a succinct explanation of the association's rationale for being present. It depicts the motivation of the organization as well as its general expectations.

Tactical goals are focuses that are laid out quickly in light of actual circumstances as they occur. Whereas systems rely on future forecasts, strategies rely on current real-world factors.

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A sushi chef prepares a California roll for a customer. Which of the following factors is physical capital?

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Physical capital consists of things like money, real estate, equipment, and stock. Physical capital is made up of physical, man-made items that businesses invest in or purchase and employ to manufacture things.

when a demand for products and services exceeds the supply?

Scarcity is one of the core concepts of economics. It indicates that there is a gap between the supply and demand for an item or service.

What occurs when markets fail to become efficient?

Government action can raise social welfare when markets are inefficient. To fulfil the objectives of society, resources should be used as effectively as feasible. The level of overall spending occasionally exceeds the economy's capacity for production.

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earns $2,500 per month. he pays his mortgage, utilities, grocery and other bills and then he makes sure to set aside $100 for his savings and investment accounts before he spends money to go to movies and other personal expenses. which suggestion for obtaining the money he needs for investing is he following? Taking advantage of employer-sponsored retirement programs Participating in an elective savings program Making a special effort once or twice a year to save Taking advantage of gifts, inheritance and other windfalls Paying himself first

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The suggestion for obtaining the money he needs for investing is to pay himself first.

The saying pay yourself first is frequently used in the domain of personal finance and retirement planning. The systematic transmission of a defined savings contribution from each check as soon as it is received is a second manifestation of the investor attitude. It's common to pay yourself initially when putting money aside for savings and investing.

It entails making certain that a specific amount of money is set aside for these accounts prior to paying other bills or costs. In the given case, Allen is earning $2500 per month and is using this tactic by putting $100 aside for his savings and investment accounts before he spends any money on other items.

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orting through unsolicited e-mail and spam affects the productivity of office workers. an insight express survey monitored office workers to determine the productive time per day devoted to unsolicited e-mail and spam (usa today, november 13, 2003). 2 4 8 4
8 1 2 34
12 1 5 8
5 5 3 4
25 18 4 15
Summarize the data by constructing the following items.
Fill in the frequency (0 decimals), the relative frequency (2 decimals), the cumulative frequency (0 decimals) and the cumulative relative frequency (2 decimals) values below.
Class (Minutes) Frequency Relative Frequency Cumulative Frequency 1-5 6-10 11-15 16-20 21-25 26-30 31-34 (Total) 20 1

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An Insight Express study tracked office workers to assess how much time is wasted each day on spam and unsolicited e-mail (USA Today, November 13...

What is the synonym of study?

The amount of time lost to spam and unsolicited e-mail among office workers was tracked by an Insight Express poll (USA Today, November 13... Consider, contemplate, and weigh are a few typical synonyms for research. While all of these verbs mean "to consider in order to make a judgment or choice," the term "study" connotes prolonged intentional focus and attention to details and minutiae. Analyze the plan in detail. Study is studied in the past tense. The word "studies" is used in the third person singular simple present indicative form. Studying is the present participle of the verb study.

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A group of employees who assume collective responsibility for organizing, controlling and supervising their own work activities

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A group of employees who assume collective responsibility for organizing, controlling and supervising their own work activities is known as Competitive advantage.

What do you mean by an advantage over the competition?

Any benefit that gives a business an edge over rivals, enabling it to gain more clients and expand its market share, is referred to as a competitive advantage. Three main types of a competitive advantage exist: Having the ability to produce goods or render services at a lower price than rivals.

What exactly is a competitive advantage, and why is it significant?

An organization's ability to outperform rivals in the eyes of customers is known as a competitive advantage. With the help of these advantages, a business can attain and maintain stronger profitability, a better growth trajectory, or higher levels of customer loyalty. As a "protective moat," a competitive advantage is frequently referred to.

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the master switches to be turned on when opening the office in the morning, and turned off when closing the office in the evening are _______.

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The master switches to be turned on when opening the office in the morning, and turned off when closing the office in the evening are the central air compressor. and the vacuum unit. and the dental and radiographic units

What is Radiographic units?The international units of becquerels (Bq) and curies are used to measure the radioactivity of a substance (Ci, U.S. unit). Results for radioactivity are typically displayed in picocuries because a curie is a significant unit (pCi). The smallest unit of a curie is a picocurie. The more the number increases, the more radiation the substance emits. Units of Radiation The radiation dose and exposure are measured using a variety of units, including rad or radiation absorbed dose. the quantity of radiant energy that a specific volume of tissue has absorbed. A dose of one joule of energy per kilogram of matter, or 100 rad, is the definition of a gray (Gy), a unit of absorbed radiation.

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In which of the following organizational designs is there a greater likelihood of task and personality conflicts?
A) simple structures
B) functional structures
C) project structures
D) team structures

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The framework for carrying out the development activity is provided by a project structure.

What is meant by project structures?

A project structure provides the framework for carrying out the development activity. Although straightforward and at a high level, it offers rules and a flow that take into account the topography of the local development landscape.

The framework helps break down a complicated project or product into more manageable parts. Teams can then have a comprehensive grasp of a product, its components, and the requirements necessary to supply those components.

In project management, there are three different types of organisational structures: functional, matrix, and projectized. The authority, functions, and obligations of the team members inside the existing organisational structure are what determine any project structure framework.

Therefore, the correct answer is option C) project structures.

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New technology has helped advertisers to _____.

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New technology has helped advertisers to target specific audiences more effectively, create more engaging and interactive ads, measure the success of campaigns, and optimize their ad budget.

Technology, or as it is sometimes referred to, the modification and manipulation of the human environment, is the application of scientific knowledge to the practical goals of human life. Along with devices (like computers), it also involves methods and procedures (like the way we produce computer chips). Although the majority of contemporary technology is electronic, this does not mean that all technology is.

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You can work 8 hours today. Based on the information below about your current work, rank order the activities you will complete today.

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The tasks that must be finished are listed in the following order:

continuing project worklook at the client's complaintFinished online trainingTeam meeting attendance

The events should be in what order?

The events must be arranged from the entire question (see attached) in the following order: priorities, time, then impact.

Using the highlights from above, the events with the highest priorities are:

1 and 2 events

The occasions that last the longest are:

1 and 2 events

Events 3 and 4 are given higher emphasis.

Thus, the following is the order.

1, 2, 4 and 3

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suppose a perfectly competitive firm can increase its profits by increasing its output. then it must true that the firm's: group of answer choices price exceeds its marginal revenue price exceeds its marginal cost marginal revenue is less than its marginal cost price exceeds its fixed cost

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The concept is Perfect Competition, a theoretical market structure in which all suppliers are equal. The answer is, marginal revenue exceeds its marginal cost.

Perfect competition is an economics term that refers to the theoretical request structure in which all suppliers are equal and overall force and demand are in balance.

The three introductory characteristics of perfect competition are

1) no establishment has a significant request share,

2) artificial product is formalized, and

3) there's free entry and exit.

Effective request equilibrium under perfect competition occurs when borderline profit equals borderline cost. In profitable proposition, perfect competition exists when all enterprises vend identical products, request shares don't affect price, enterprises can enter or exit without walls, buyers have perfect or complete information, and enterprises can not set prices.

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When creating swim lanes in a SIPOC diagram, best, practices usually have teams enter data in the following order:
Select one:
a. SIPOC: suppliers, inputs, process, outputs, customer
b. POCIS: process, outputs, customer, inputs, suppliers
c. COPIS: customer, outputs, process, inputs, suppliers
d. POCSI: process, outputs, customer, suppliers, inputs.

Answers

POCIS: process, outputs, customer, inputs, suppliers is the best order while creating swimming lanes.

A SIPOC diagram shows the suppliers, inputs, process stages, products, and customers of your business. It should summarise each step for decision-makers rather than delving into extensive detail. SIPOC diagrams are most typically used to clarify or improve customer experience-related processes. Find out when to use a SIPOC diagram and how to create one with your team in just seven easy steps.

Instead than providing superfluous information, SIPOC diagrams are intended to give stakeholders a high-level process map to help in decision-making and the creation of improvement proposals. SIPOC diagrams are one tool for this kind of business process management. BPM is a technique for continually improving business processes.

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buyco, inc., holds 20 percent of the outstanding shares of marqueen company and appropriately applies the equity method of accounting. excess cost amortization (related to a patent) associated with this investment amounts to $11,900 per year. for 2020, marqueen reported earnings of $117,000 and declares cash dividends of $34,000. during that year, marqueen acquired inventory for $48,000, which it then sold to buyco for $80,000. at the end of 2020, buyco continued to hold merchandise with a transfer price of $33,000. What Equity in Investee Income should BuyCo report for 2020?
How will the intra-entity transfer affect BuyCo’s reporting in 2021?
If BuyCo had sold the inventory to Marqueen, would the answers to (a) and (b) have changed?

Answers

The Equity in Investee Income should BuyCo report for 2020 is $12,000

What is equity income investee?Equity income usually refers to earnings from stock dividends, which are cash sums that corporations pay to their shareholders as a reward for holding their stock. Consequently, equity income investments are those that are known to distribute dividends. Interest payments, dividends, capital gains from the sale of stocks or other assets, and any other profit from a different sort of investment are all considered to be forms of investment income. Your investment's income, such as interest or dividends from stocks you own or interest from a bank,

Calculation for What Equity in Investee Income should BuyCo report for 2020

Equity income accrual $25,000

($100,000 × 25%)

Less: deferral of intra-entity unrealized gross profit ($3,000)

Less: Patent amortization ($10,000)

Equity in investee income $12,000

Calculation for Intra-entity unrealized gross profit

Profit within remaining inventory $12,000

× Ownership percentage 25%

Intra-entity unrealized gross profit 3,000

($12,000*25%)

Therefore Equity in Investee Income should BuyCo report for 2020 is $12,000

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if a non-resident agent engages in conduct prohibited under the uniform securities act, that individual can be subpoenaed:

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If a non-resident agent engages in conduct prohibited by uniform securities laws, that person may be subpoenaed in either agent's state or Administrator's State. The administrator has jurisdiction for offers entering or leaving state.

What is the purpose of the Uniform Securities Act?

The Uniform Securities Act (United States) provides basic investor protections against securities fraud and supplements federal securities laws. This law applies only to securities that are not regulated by the Securities and Exchange Commission.

Which states are covered by the Uniform Securities Act?

As of January 2009, the 2002 Act is in force in Georgia, Indiana, Iowa, Kansas, Maine, Hawaii, Idaho, Minnesota, South Carolina, South Dakota, Vermont, Missouri, Oklahoma, Wisconsin, and the U.S. Islands. The 2002 Law has been endorsed by following organizations: ABA (American Bar Association).

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angela owns a software company with 10 employees. because she is not sure whether an 11th employee would improve her economic surplus, she hires another employee and notices that her total costs have increased by $1,250 and her total revenue has increased by $1,000. which of these would be the best course of action for angela?

Answers

Let the 11th employee go, or do not replace the next employee who quits.

What is economic surplus?Economic surplus refers to the respective gains that a consumer or producer gets within an economic activity and is the combined benefit, sometimes referred to as "total welfare." It can also be referred to as total surplus or community surplus as well. This economic metric is used to evaluate wellness in the markets. When a consumer scores an item for less than they'd be willing to pay, the consumer is getting a surplus. When a producer sells a good for more than the minimum price they're willing to sell at, the producer is getting a surplus. Economic surplus follows the rules of supply and demand. Businesses generally want to earn as much profits as possible without alienating customers, while consumers typically want to feel as though they're scoring a deal.When the supply and demand of consumers and producers are in good shape, the market is in what is called "equilibrium" — or allocative efficiency.

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Based on the information provided, it appears that hiring an additional employee has not increased Angela's economic surplus.

What are the potential  course of action for Angela?Re-evaluate the new employee's performance: It's possible that the new employee is not performing as expected, and that is why the costs have increased while revenue has remained the same. Angela should evaluate the employee's performance and determine whether there are any areas that need improvement.Re-evaluate the business strategy: Angela should consider if the revenue increase is due to the new employee or other factors, and if the new employee is not the cause of the increase it's better for Angela to reassess her business strategy.Let the new employee go: Given that the new employee has not increased Angela's economic surplus, it may be in her best interest to let the employee go and focus on other cost-saving measures.Monitor the situation: Angela should keep an eye on her costs and revenue for the next few months to see if the situation improves. If not, then she should take further action.Additional cost-saving measures: Angela can explore other cost-saving measures such as reducing expenses, automating some tasks or looking for ways to increase revenue.In summary, Angela should re-evaluate the new employee's performance, re-evaluate her business strategy, monitor the situation, and consider other cost-saving measures. She should also consider the long-term potential benefits of hiring an additional employee and weigh them against the short-term costs

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