a) True, False or Uncertain: True. Every allocation that is Pareto efficient is better for society than every allocation that is Pareto inefficient. In the case of a Pareto-efficient allocation, it is feasible to have at least one member of society better off without making anyone else worse off.
b) Market Failure: Market failure is a situation in which the market mechanism fails to distribute resources effectively. This happens when markets fail to account for all costs and benefits of an activity or when some people are unable to participate in a market.
Two Reasons for Market Failure include:
Externalities: Externalities arise when an activity impacts a third party who did not voluntarily engage in the activity. For example, pollution caused by a factory affects the health of nearby residents but is not reflected in the factory's costs.
Monopolies: A market is said to be monopolized when one company has complete control over the supply of a good or service. This limits competition, which can lead to higher prices and reduced access to the good or service.
c) The "Free Rider Problem" is a situation in which individuals benefit from a public good without contributing to its provision. The problem becomes worse as the number of people in society increases because each additional person adds to the problem of underprovision.
For example, suppose a public park is maintained by voluntary donations. One person may decide not to donate, assuming that others will donate and the park will still be maintained.
If many people do the same thing, the park may not be adequately maintained.
Coase Theorem states that if property rights are well-defined and transaction costs are low, bargaining between parties will lead to an efficient allocation of resources, regardless of who has the initial property right.
In other words, if parties can bargain without cost, they can reach an agreement that is efficient and independent of the initial allocation of property rights.
To know more about externalities and monopolies please visit:
brainly.com/question/31623816
#SPJ11
Selected transactions for Sophie’s Dog Care are as follows during the month of March. March 1 Paid monthly rent of $1,460. 3 Performed services for $170 on account. 5 Performed services for cash of $90. 8 Purchased equipment for $730. The company paid cash of $100 and the balance was on account. 12 Received cash from customers billed on March 3. 14 Paid wages to employees of $640. 22 Paid utilities of $88. 24 Borrowed $1,830 from Grafton State Bank by signing a note. 27 Paid $270 to repair service for plumbing repairs. 28 Paid balance amount owed from equipment purchase on March 8. 30 Paid $2,200 for six months of insurance. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Answer:
March 1
Dr Rent expense $1460
Cr Cash $1460
March 3
Dr Accounts receivable $170
Cr Service revenue $170
March 5
Dr Cash $90
Cr Service revenue $90
March 8
Dr Equipment $730
Dr Cash $100
Cr Accounts payable (730-100) $630
March 12
Dr Cash $170
Accounts receivable $170
March 14
Dr Salaries and wages expense $640
Cr Cash $640
March 22
Dr Utilities expense $88
Cr Cash $88
March 24
Dr Cash $1830
Cr Notes payable $1830
March 27
Dr Maintenance and repairs expense $270
Cr Cash $270
March 28 Accounts payable $630
Cash $630
March 30
Dr Prepaid insurance $2200
Cr Cash $2200
Explanation:
Preparation of Journal entries
March 1
Dr Rent expense $1460
Cr Cash $1460
(To record rent expense paid)
March 3
Dr Accounts receivable $170
Cr Service revenue $170
(To record services performed on account)
March 5
Dr Cash $90
Cr Service revenue $90
(To record services performed for cash)
March 8
Dr Equipment $730
Dr Cash $100
Cr Accounts payable (730-100) $630
(To record equipment purchased)
March 12
Dr Cash $170
Accounts receivable $170
(To record cash received from customers)
March 14
Dr Salaries and wages expense $640
Cr Cash $640
(To record wages paid to employees)
March 22
Dr Utilities expense $88
Cr Cash $88
(To record utilities expense paid)
March 24
Dr Cash $1830
Cr Notes payable $1830
(To record cash borrowed by signing a note)
March 27
Dr Maintenance and repairs expense $270
Cr Cash $270
(To record cash paid for repairs)
March 28 Accounts payable $630
Cash $630
(730-100)
(To record cash paid to accounts payable)
March 30
Dr Prepaid insurance $2200
Cr Cash $2200
(To record prepaid insurance paid)
How do credit card companies use a person's credit report?
A.) To determine if that person should be given a loan or credit card
B.) To calculate how much interest the person is owed on their account
C.) To help them figure out ways to pay off their outstanding debt
D.) To figure out if that person has been using a budget
Answer:
The answer is the letter A
Answer:
A
Explanation:
which of the following expenditures is an example of a consumer durable good? multiple choice colin buys a large coffee and a donut from dunkin' donuts. latisha gets a manicure from the nail salon in the mall. marcus buys some new soccer cleats at the sporting goods store. arti buys a new refrigerator from sears.
The expenditure that is an example of a consumer durable good is Arti's purchase of a new refrigerator from Sears.
Option D is correct.
Products that are expected to last a long time, typically longer than three years, are referred to as consumer durable goods. Although they aren't expected to last as long as a refrigerator, the other options—buying a coffee and donut, getting a manicure, and purchasing soccer cleats—are examples of consumer nondurable goods, services, and consumer durable goods, respectively.
What exactly is a durable consumer item?A product that is made to be useful for a long time and typically lasts three years or more is called a consumer durable good. These items are designed to be used repeatedly over time and are typically more expensive than non-durable goods. Appliances like refrigerators, washers and dryers, and stoves, as well as furniture, automobiles, and electronics like computers and televisions, are all examples of consumer durable goods. Because they provide consumers with long-term benefits like improved quality of life, convenience, and cost savings over time, these products are typically regarded as investments.
Incomplete question :
which of the following expenditures is an example of a consumer durable good? multiple choice
A.colin buys a large coffee and a donut from dunkin' donuts.
B.latisha gets a manicure from the nail salon in the mall.
C.marcus buys some new soccer cleats at the sporting goods store.
D.arti buys a new refrigerator from sears.
Learn more about Consumer Durable Good :
brainly.com/question/28903236
#SPJ1
The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
In which of the following do businesses put customers at the center, manage every contact with them, and leverage this to better serve them and increase sales?
Customer relationship management
Demand-supply integration
Material and service integration
Supplier relationship management
The term “Customer relationship management” is the concept in which businesses put customers at the center, manage every contact with them, and leverage this to better serve them and increase sales. Thus, option a is correct.
Customer relationship management (CRM) is a process where a company manages its interactions with customers, both potential and current, to maximize customer satisfaction and boost sales.
CRM entails making use of data analytics to learn more about customer behavior and preferences so that you can tailor your offerings to meet their needs.
Customer relationship management (CRM) is an approach to managing an organization's interactions with current and potential clients. It uses data analysis about clients' history with a company to develop stronger relationships with clients, ultimately leading to better retention.
CRM focuses on understanding and meeting customers' needs, building long-term relationships, and improving customer satisfaction to drive sales and growth. Thus, option a is correct.
Learn more about Customer relationship management here:
https://brainly.com/question/25656282
#SPJ11
(03.02 LC)
Which of these might decrease the length of a mortgage loan?
Property taxes
O Insurance
O Amount owed
Collateral
Answer:
D.) Collateral
Explanation:
Tbh I'm not confident on this choice, but real estate basically is just a fancy term for property, for those who don't know. A collateral is a piece of property that can be sold by the lender to recover all or part of a loan if the borrower fails to repay. So with that being said, the only logical choice in my opinion would be D, or Collateral.
Collateral might decrease the length of a mortgage loan. As it minimises the risk for the mortgage loan.
What is mortgage loan?Mortgage loan is the fund that is provided to the lender against the immovable assets or property, or collateral to the Borrower. The lender used to keep the assets until their loan is repaid by the person.
Thus, option C is correct.
For more details about mortgage loan, click here:
https://brainly.com/question/15082835
#SPJ2
ABC Enterprises is worth $300,000. There are 3 shareholders and each shareholder is an equal owner of the company. If they establish an entity buy-sell agreement, the entity would have to buy policies in the amount of $____________ on each of the owners.
Answer:
$100,000 per each owner
Explanation:
Divided by 3. Seems fair
one example in which people make rational choices that lead to a less-than-ideal result is ______.
one example in which people make rational choices that lead to a less-than-ideal result is the "Prisoner's Dilemma,".
In the strategy game "Prisoner's Dilemma," players make defensible decisions that result in less-than-ideal outcomes for everyone.
When people are constantly motivated to make choices that are detrimental to the group as a whole, a situation described as a "prisoner's dilemma" arises. The prisoner's problem emerges in a variety of economic contexts. People discover that betraying the group results in larger benefits than collaborating in the classic prisoner's dilemma. If the same games are performed often, each person may come up with a cooperative strategy. Despite what may seem to be unfavorable individual motives, people have devised a number of techniques to get past the prisoner's dilemma to pick superior overall results. The prisoners' dilemma is an illustration of how reasonable decisions can result in less-than-ideal outcomes. It is a game of strategy in which two players make logical decisions that result in outcomes that are less than optimal for both of them. Assume that both inmates act rationally and are familiar with game theory. In the scenario of the prisoners' dilemma, if one confesses and the other doesn't, the one who does would receive a less sentence; yet, if both confess, they will both receive a punishment that is worse than if neither had confessed.
Know more about Prisoner's dilemma here:
https://brainly.com/question/31356755
#SPJ11
what, then, led to the supreme court in 1954 reaching such a different decision? can business owners and corporations have an impact on issues that affect us as a society?
Separate educational facilities for white and African American pupils were deemed to be fundamentally unequal in the 1954 ruling. Yes, companies and company owners have an impact on society.
A business is easy to start, but it may be challenging to maintain, particularly when it comes to fulfilling regulatory and tax requirements, which can be intimidating for a small business owner. Making a company a corporation has the benefit of making choosing who will run and administer the company easy. Shareholders are required to attend yearly meetings to elect directors since the corporation is a distinct legal entity. A person or organisation that gains from ownership is an actual owner. They are qualified for all benefits because the item is registered in their name and they are the legal owner. When there are several parties or entities involved, it may be challenging to identify the real owner.
To learn more about company owners refer here:
https://brainly.com/question/29566261
#SPJ4
Disability income policies can provide coverage for a loss of income when returning to work only part-time after recovering from total disability. what is the benefit that is based on the insured's loss of earnings after recovery from a disability?
The benefit that is based on the insured's loss of earnings after recovery from a disability is called residual disability benefit.
This benefit provides coverage for a loss of income when returning to work only part-time after recovering from total disability.
Essentially, it is designed to help the insured makeup for the difference in income between what they were earning prior to becoming disabled and what they are able to earn while working part-time after their recovery.
This benefit is often a percentage of the total disability benefit and is paid out for a specific period of time, which is outlined in the policy.
It's important to note that not all disability income policies include a residual disability benefit, so it's important to review your policy carefully to understand the specific benefits and limitations.
Know more about residual disability benefit here:
https://brainly.com/question/13069145
#SPJ11
How can a firm decrease its combined ratio O Increase loss ratio and expense ratio O Decrease investment Income ratio O Increase overall operating ratio Increase premiums QUESTION 20 Delta Insurance has a combined ratio of 0.8, this means: O The company is making a loss O For every $1 the company makes a profit of $0.8 For every $1 the company pays $0.2 on total expenses For every $1 the company pay $0.8 on total expenses MAISON
A firm can decrease its combined ratio by increasing loss ratio and expense ratio. The other options, such as decreasing investment income ratio, increasing overall operating ratio, and increasing premiums are not recommended as they can negatively impact the company's financial health.
Increasing the loss ratio means that the firm will pay out more money in claims to policyholders, resulting in higher costs. Similarly, increasing the expense ratio means that the firm will spend more money on operating expenses such as salaries, rent, and utilities. While these actions may seem counterintuitive, they can help decrease the combined ratio by reducing the company's profit margin. A combined ratio of 0.8 means that for every $1 the company pays $0.80 on total expenses. This leaves only $0.20 of profit for every dollar earned. Therefore, Delta Insurance needs to decrease its combined ratio by either increasing its revenue or reducing its expenses.
Learn more about expense ratio here:
https://brainly.com/question/30246171
#SPJ11
influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
For more about Business Environment refer to the link : https://brainly.com/question/26589766
tenisa singh’s brother approached tenisa and randolph about investing $55,000 in their new company, comfy home. at the same time, the company took out a bank loan for $85,000. if tenisa’s brother made the proposed investment in the company, what would be the total impact on the accounting equation from these two transactions?
In this case, the investment from Tenisa's brother would increase the company's assets by $55,000. The bank loan would increase the company's liabilities by $85,000. The total impact on the accounting equation would be to increase assets and equity by $55,000 and increase liabilities by $85,000. The accounting equation would still be in balance.
The net impact on the accounting equation would be to increase equity by $5,000.
The accounting equation is:
Assets = Liabilities + Equity
Here is a breakdown of the impact on the accounting equation:
Assets: Increase of $55,000 (investment)
Liabilities: Increase of $85,000 (loan)
Equity: Increase of $5,000 (net effect)
The total assets have increased by $55,000, the total liabilities have increased by $85,000, and the total equity has increased by $5,000. The accounting equation is still in the balance.
To know more about Equity:
https://brainly.com/question/33585348
#SPJ4
A pull strategy should be used when: Group of answer choices the distribution channels are short the distribution channels are long the firm is selling industrial products few print or electronic media are available
A pull strategy should be used when few print or electronic media are available. The correct answer is: few print or electronic media are available.
A pull strategy is a marketing approach where the focus is on creating demand from consumers or end-users to pull the product through the distribution channels.
Here's a detailed explanation of why a pull strategy is appropriate when few print or electronic media are available:
Limited Advertising Channels: If there are limited print or electronic media options available for advertising and promoting the product, it becomes challenging to reach a broad audience through traditional advertising methods.Consumer Awareness and Demand: In a pull strategy, the goal is to create consumer awareness and generate demand for the product directly. When print or electronic media options are scarce, it becomes important to rely on other means to reach the target audience and stimulate their interest in the product.Direct Engagement: A pull strategy often involves direct engagement with consumers, utilizing techniques such as word-of-mouth, social media, influencer marketing, public relations, or experiential marketing. These approaches can help generate interest and encourage consumers to seek out the product.The correct answer is: few print or electronic media are available.
For more information about electronic, visit:
https://brainly.com/question/28630529
#SPJ11
#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
Fill in the blanks: The demand facing a monopolistically competitive firm is _____ a monopoly firm and _____ a perfectly competitive firm. The options are more elastic, less elastic, and as elastic as.
The demand facing a monopolistically competitive firm is more elastic than a monopoly firm and less elastic than a perfectly competitive firm.
Monopolistically competitive firms face a downward sloping demand curve, which means that they have some degree of market power. However, unlike a monopoly, they still face competition from other firms offering similar products. As a result, their demand is more elastic than a monopoly firm, meaning that a small change in price can result in a larger change in quantity demanded.
However, their demand is less elastic than a perfectly competitive firm, which means that they still have some ability to raise prices without losing all their customers.
To learn more about monopoly firm visit:
brainly.com/question/15128360
#SPJ11
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUClick this link to view O*NET's Tasks section for Postal Service Mail Carriers. Note that common tasks are listed
toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common
tasks performed by Postal Service Mail Carriers? Check all that apply.
installing mailboxes
O obtaining signed receipts for mail
sorting mail
delivering mail
O supervising other mail workers
reviewing job applicants
Done
Answer:
1. obtaining signed receipts for mail
2. sorting mail
3. delivering mail
Explanation:
Postal Service Mail Carrier's main responsibility is to deliver mail to their intended receipts. The Postal Service mail carriers are the last people in the mail distribution channel. They are the people who get mail to the receipts and have them sign for it.
The Postal service mail carriers will be issued with mail, usually for a particular route. They will sort to identify the address where each mail is to be delivered. Upon arriving at the correct address, the postal service mail carrier will hand over the mail to the recipient and have them sign as an acknowledgment of receipt.
Answer:
AEF
Explanation:
the difference between actual sales and sales on a flexible budget based on actual volume is a multiple choice question. cost price variance. cost volume variance. sales volume variance. sales price variance.
The difference between actual sales and sales on a flexible budget based on actual volume is the sales volume variance.
The sales volume variance is a measure of the difference between the actual sales and the sales that would have been achieved based on the flexible budget at the actual volume level. It represents the impact of changes in sales volume on overall performance. The sales volume variance helps analyze the extent to which deviations in sales volume from the expected level contribute to the overall variance in sales performance. It is a valuable metric for evaluating the effectiveness of sales strategies and assessing the impact of changes in market demand or customer behavior. The other options mentioned—cost price variance, cost volume variance, and sales price variance—are different variance calculations that focus on cost-related factors rather than sales volume.
To know more about ,flexible budget, click here https://brainly.com/question/27426308
#SPJ11
of all leadership variables, _____ leadership is the one most universally endorsed across cultures.
Answer:
transformational
Explanation:
Explain how running the school cafeteria is similar to running a command economy.
Answer:
Running the school cafeteria is similar to running a command economy. The school principal and kitchen staff, similar to a political leader and his/her government provides for the general population. The people in a power position dictate the rules for the cafeteria; what can be served etc.
Hope it helps you.Question 11 / 1 ptsCompany A is assigned $200,000 of goodwill arising from a recent businesscombination. The current carrying value of its net assets is $400,000 and the current fairvalue of its net assets, excluding goodwill, is $350,000. The fair value of the reportingunit is estimated to be $380,000. How much is the impairment loss?$150,000$170,000$180,000$200,000
The fair value of the reporting unit is estimated to be $380,000, the impairment loss is $220,000
In accounting, goodwill is recorded as an asset on a company's balance sheet and is subject to impairment testing to determine if its value has decreased.
In this scenario, Company A has been assigned $200,000 of goodwill arising from a recent business combination. The current carrying value of its net assets is $400,000, while the current fair value of its net assets excluding goodwill is $350,000. The fair value of the reporting unit is estimated to be $380,000.
To determine the impairment loss, we need to compare the carrying value of the net assets, including goodwill, to its fair value. If the carrying value is greater than the fair value, there is an impairment loss, which is the difference between the two.
In this case, the carrying value of the net assets including goodwill is $400,000 + $200,000 = $600,000. The fair value of the reporting unit is estimated to be $380,000. Since the carrying value of the net assets is greater than the fair value of the reporting unit, there is an impairment loss. The impairment loss can be calculated as follows:
Impairment Loss = Carrying Value of Net Assets - Fair Value of Reporting Unit
Impairment Loss = $600,000 - $380,000
Impairment Loss = $220,000
Therefore, the impairment loss in this scenario is $220,000.
To learn more about impairment loss refer here
https://brainly.com/question/29639271#
#SPJ11
A customer places a competitive bid through a primary dealer for $10,000,000 of 91-Day Treasury Bills at the weekly auction. The customer's bid wins. Settlement of the transaction will occur on the: A Same day as the auction B Business day following the auction date C Thursday following the auction date D Monday following the auction date
Answer:
C Thursday following the auction date
Explanation:
Based on the information given in a situation
were the customer's bid wins which means that the SETTLEMENT OF THE TRANSACTION of the amount of $10,000,000 which represent the COMPETITIVE BID amount will occur on THURSDAY FOLLOWING THE AUCTION DATE reason been that auctions are often carried out on Monday and Tuesday or either Monday or Tuesday, In this case the Competitive bid amount of $10,000,000 must be paid for by that thursday following the auction date.
When a market is in equilibrium, Group of answer choices producers earn profits excess demand is less than excess supply the maximum possible price is achieved the minimum possible price is achieved there is no incentive for consumers or producers to change their current behavior
When a market is at equilibrium, neither consumers nor producers have any reason to modify their existing behavior. Hence, the correct answer is there is no incentive for consumers or producers to change their current behavior.
What exactly is an equilibrium market?In the absence of external forces, economic equilibrium is a situation in which economic elements such as supply and demand are balanced and the values of economic variables do not fluctuate.
Market equilibrium is a circumstance in this scenario in which a market price is formed via competition such that the number of goods or services sought by buyers matches the number of goods or services provided by sellers. This price is sometimes referred to as the competitive price or market clearing price, and it is unlikely to change unless demand or supply changes, at which point the amount is referred to as the "competitive quantity" or market clearing quantity.
To learn more about equilibrium, click
https://brainly.com/question/15101879
#SPJ4
A gratuitous offer does not usually create a contract.
True
False
Sally sends an offer to Bud to purchase Bud's cabin for $55,000. After sleeping on the idea, she changes her mind and sends Bud a letter revoking her offer. Her revocation is effective when:
A. Bud receives it.
B. She mails it.
C. She signs it.
D. (None of the above)
A gratuitous offer does not usually create a contract.
False
Sally sends an offer to Bud to purchase Bud's cabin for $55,000. After sleeping on the idea, she changes her mind and sends Bud a letter revoking her offer. Her revocation is effective when:
A. Bud receives it.
B. She mails it.
C. She signs it.
D. (None of the above)
The correct answer is A. Bud receives it.
In contract law, a revocation of an offer is effective when it is received by the offeree. Mailing or signing the revocation alone does not make it effective. The offeree must actually receive the revocation for it to be valid.
Learn more about contract law here:
https://brainly.com/question/32735711
#SPJ11
In the cpi, goods and services are weighted according to.
Answer:
A consumer price index (CPI) is usually calculated as a weighted average of the price change of the goods and services covered by the index.
Explanation:
The weights are meant to reflect the relative importance of the goods and services measured by their shares in total consumption of household.
Typically, what percentage of the home cost should you have available for a down payment?
Responses
5%
25%
30%
50%
You can put down up to 50% of the total cost of the property if you have the necessary funds and your financial situation permits it.
Further more you can also.
Even 80% of the property's value is acceptable if you so choose. Everything depends on you and the amount of financial responsibility you are willing to take on. The greater the down payment you make, the less debt you are required to pay.
Now, speaking generally, the bank or an NBFC, depending on which one you choose to apply to for a home loan, will only lend up to 80% of the actual worth of the property. In exceptional circumstances, the lender might provide 85% finance, but not acent extra on top of that.
Therefore, it is abundantly evident from the calculations that you must put down at least 15-20% of the property's value.
In light of the actual worth of the property, you should correspondingly determine the down payment. I'm assuming that your property is worth somewhere between 35 and 37 lakhs based on the loan statistics you provided. That means your down payment will need to be at least 7-8 lakh.
Learn More About Down payment here - https://brainly.com/question/16885290
#SPJ1
five boxes of bananas sell for $30.00. how many boxes can you buy for $9.00?
Answer:
1 box.
Explanation:
First, find out how much one box costs. To do this, divide 30 by five. This gives us $6. So if each box costs $6, then how many boxes can we buy if we have $9? The answer is one. Two boxes would cost $12, but we only have $9, so we could only buy 1 box and have $3 leftover.
Explanation:
five box=$30
1 box =30 divided by 5 = 6
so 1 and a half = 90 because 1 box =6dollars so 1 and a half will be 90 dollars
mark as brainliest answer
does 1 plus 1 = 65 yes or no
Answer:
No 1 + 1 = 2
Explanation:
Lol
It was the third meeting, but the group had finally agreed on the roles for each member. Cathy felt good about how things were progressing. It seemed that the conflicts had been resolved; Bella and Lewis had actually arrived on time with their tasks completed. Cathy felt they were now a team. They were now in the ________ stage.
Answer: norming
Explanation:
The third stage of a group development model is regarded to as the norming stage. The norming stage is the stage whereby members or teammates start appreciating the strengths that are possessed by each other in the team.
At this stage, there is resolution of conflicts and establishment of leadership positions. Here, everyone is happy with their roles.