If actual output is greater than equilibrium output, firms will ________ output to keep from ________ inventories.
Answers
If actual output is greater than equilibrium output, firms will decrease output to keep from accumulating inventories.
In a perfectly competitive market, equilibrium output occurs at the intersection of the supply and demand curves. At this point, firms are producing the quantity of goods demanded by consumers, and there is no excess supply or shortage. However, if actual output exceeds this level, it means that firms are producing more goods than consumers are willing to purchase at the prevailing price. As a result, firms are unable to sell all of their products and begin to accumulate unsold goods in their inventories. To avoid this situation, firms will adjust their output levels downwards.
This can be achieved by reducing the amount of inputs used in production, cutting back on shifts or production hours, or even temporarily shutting down production facilities. By doing so, firms will be able to reduce their production costs, prevent the accumulation of unsold goods, and maintain profitability. In summary, when actual output is greater than equilibrium output, firms will reduce their output to keep from accumulating inventories. This adjustment helps to ensure that the market remains in balance and that firms are producing the optimal quantity of goods that consumers are willing to purchase at the prevailing price.
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Imagine you work in the marketing department of a medium-size outdoor apparel company. Your manager says that your marketing plan is to “sell to everyone.”
Write a short paragraph describing how segmentation could make your marketing efforts more effective. In your response to your manager, provide at least one specific example of how using segmentation could more effectively reach customers. In addition, describe at least two specific action steps you would suggest taking in order to effectively segment your customers.
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Answer:
market segmentation help organisation to target just people most likely to become satisfied customer of a company.
haley is helping to choose members for a customer satisfaction team which of the following employees demonstrate skill in focusing on the team's purpose?
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Answer: Jesse constantly looks for better ways to solve problems for customers
Explanation:
Customer satisfaction refers to the measurement which deals with the happiness and satisfaction of customers with the product and service of a company.
Since Haley is helping to choose members for a customer satisfaction team, then the employee who can help the team focus on the its purpose is Jesse who constantly looks for better ways to solve problems for customers.
: Xavier has plans to construct a house 10 years from now. He is planning to save $500 every month for 10 years in an investment plan that provides 6% interest per year, compounded monthly. How much will he accrue at the end of 10 years?
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Given that Xavier is planning to save $500 every month for 10 years in an investment plan that provides 6% interest per year, compounded monthly. We have to determine how much he will accrue at the end of 10 years.We know that:Future value of an annuity = P [((1 + r)n - 1)/r],where,P is the Payment,r is the monthly interest rate,n is the number of periods.So, the future value of an annuity for Xavier can be calculated as:FV = 500[((1+0.06/12)^(10*12) -1)/(0.06/12)]Using the formula above, we can evaluate Xavier's future value of an annuity.FV = 500[((1+0.06/12)^(10*12) -1)/(0.06/12)]FV = 500[((1+0.005)^120 -1)/0.005]FV = 500[168.12597]FV = 84,063Therefore, Xavier will accrue $84,063 at the end of 10 years.
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suppose you are consuming two goods, a and b. your marginal utility from good a is 22 while your marginal utility from good b is 4. in addition, good a costs $11.00 each and good b costs $2.25 each. a. according to the utility-maximizing rule, you are not maximizing your total utility . b. you should consume:
Answers
According to the utility-maximizing rule, one is not maximizing their total utility. They should consume more of goods A and less of goods B.
What is the explanation for the above result?Remember that when the marginal utility gained from the final dollar spent on both commodities is equal, overall satisfaction is maximized.
Mu/good price = marginal utility per dollar
Note that MU Per dollar of good A = 22/ 2
Hence given us: 2 Utils.
Mu per dollar of goods B on the other hand is:
4/2.25
= 1.77 Utils.
Since Good A provides more utility, from a rational point of view, more of Good A should be consumed and less of good B.
In economics, utility is defined as the enjoyment or value gained from using a thing. The marginal utility of an item or service reflects how much pleasure or satisfaction customers acquire as a result of a one-unit increase or reduction in consumption.
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_____________ discipline sets forth clear but general steps that must be completed for all infractions.
Question 1 options:
Regimented
Organizational
Progressive
Sequential
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The discipline that sets forth clear but general steps that must be completed for all infractions is called progressive discipline. Progressive discipline is a step-by-step approach to corrective action that is designed to be preventative and corrective.
When an employee violates company rules or policies, the disciplinary procedure commences. The first level of the disciplinary procedure is usually a verbal warning or counseling by the employee's immediate supervisor. If the employee repeats the infraction, a written warning is issued, followed by more serious disciplinary action such as suspension or termination if the behavior does not improve. Progressive discipline is used as a way to help employees understand the rules, provide a fair and consistent approach to discipline, and prevent any legal action against the company. Furthermore, the use of progressive discipline is important because it helps employees improve and maintain their job performance, and protects the employer's interests and reputation.
In conclusion, progressive discipline is a step-by-step approach that all infractions must go through for employees to correct their performance or behavior problems. It is important because it helps employees improve their job performance and maintain a safe and productive work environment.
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Bailey Co. Has leased a refrigeration unit from Hallogren Company (lessor). The lease agreement is for 16 months and does not include a purchase option. The fair value of the refrigeration unit is $4,000. Under what may the lessee elect not to recognize the right-of-use asset and lease liability?
Answers
Under short team lease and low value the lessee elects not to recognize the right-of-use asset and lease liability
Lessees may choose not to recognise a right-of-use asset and lease liability if the lease period is 12 months or less. This criterion is not relevant in this situation because the lease duration is 16 months. Additionally, the lessee may choose not to recognise a right-of-use asset and lease liability if the underlying asset has a low value when new, such that the fair value of the underlying asset is $5,000 or less. The refrigeration unit's $4,000 fair value satisfies this requirement.
The lessee must not be fairly certain that an option to acquire the underlying asset would be exercised, and the lease must not be a component of a larger agreement for this option to be available. Bailey Co. may decide not to recognise a right-of-use asset and lease liability if the lease is not a component of a broader agreement and the company is not reasonably assured that it will exercise an option to purchase the refrigeration unit. They would have to account for the right-of-use asset and lease obligation on their balance sheet if any of these requirements were not met.
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What certificate will we get if we become a teacher?
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Answer:
You can get a teaching certificate or an alternative certification, but go for the nationally-recognized board certification when you're eligible. Use the best job sites. The best job sites, for teaching jobs, are the websites of the school and school district themselves.
Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and
services. In this case, gold is functioning as an) (1 point)
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The willingness of others to accept gold as a valid payment for goods and services made gold a medium of exchange. In other words, gold was used to facilitate commercial exchanges when these became more developed.
Money has changed and developed over time, it has always been used to make business practices more simplified and standardized.
Some examples of the use of a medium of exchange were salt, which was a rare mineral that was offered in trade, hence the word salary.
Therefore, gold began to be used as a means of exchange from the need to use coins with greater durability.
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Why is workplace diversity important for the success of the company?
Answers
A diverse workforce is more likely to understand your customers' needs and come up with ideas to fulfill them. Diversity in the workplace will also increase employee morale and instill a desire to be more effective and work more efficiently. This will greatly increase the productivity of your business.
· Hope's contribution to her RETIREMENT plan...
a. is a post-tax contribution on which she pays federal income taxes
b. is pre-tax and therefore not included in federal income taxes
c. Is a contribution to her Social Security
d. is taxed at a rate of 15%
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Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
What does the check say?The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
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Which statements best explains how globalization offers an advantage to businesses
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Answer:
Hello here's the answer!
Explanation:
A
C
D
E
your welcome! Brainliest if you liked the answer!
Manuel Tores, a senior manager at Crawford Export Logistics, goes to France to negotiate a deal with the company's French partners. He dresses casually in a t-shirt and jeans. His French counterparts call off the meeting and accuse him of taking a casual attitude toward negotiations. In this scenario, dressing formally during business meetings is probably a cultural ________ for the French.
Answers
In the given scenario, formal dressing during the business meeting should be a cultural imperative for the french.
A cultural imperative should be
Cultural norm.Cultural custom.Cultural behavior.Where everyone should abide by what belongs to the culture.
It should be confirmed in order to become successful. An example is the building of a relationship.Since in the french culture wearing a formal dress while having a business meeting should become important so each and everyone should follow it.
So we can conclude that In the given scenario, formal dressing during the business meeting should be a cultural imperative for the french.
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Grayson really wants to get an a on his upcoming math test but he hates studying. He decides to set a goal for himself to study for 20 minutes every night this week and preparation for the quiz Friday.What kind of goal Grayson set for himself?
Answers
Answer: short term goal
Explanation:
A short-term goal is a goal that an economic agent such as an individual or a fitm wants to achieve or accomplish soon. Short term goals are goal that one wants to achieve maybe today, in a week, in a month or even probably a year.
Since Grayson really wants to get an a on his upcoming math which is coming soon, the goal that he sets to study for twenty minutes every night is referred to as a short term goal.
What is considered a human rights abuse by an American company may be viewed as an acceptable business practice in China, which illustrates that ______. Multiple choice question. better ethics comes with increased standard of living the United States is often overly critical of foreign business practices the United States has more highly evolved ethical practice moral standards are relative to particular societies
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What is considered a human rights abuse by an American company may be viewed as an acceptable business practice in China, which illustrates that moral standards are relative to particular societies.
What are moral standards?In summary, moral standards are what a person of society considers to be right or wrong regarding human behavior. These standards are often different in the distinct cultures and societies around the world, often due to differing histories that helped to form them.
Therefore, we can confirm that the situation described in the question is a direct result of the moral standards being relative to particular societies.
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using a perpetual inventory system, how should a company record the sale of inventory costing $460 for $940 on account?
Answers
Under the perpetual system, when inventory is sold, the business must make two entries.
How do you track sales in a perpetual inventory system?Depending on how the money is received, we will credit Sales Revenue and debit Cash or Accounts Receivable to record sales. However, in order to record the expense for the cost of products sold, we must also match the income received with the expenses incurred (remember the matching principle?).
Which entry comes after the recording of sales when a corporation uses a perpetual inventory system?Accounts Receivable, Sales Revenue, Cost of Goods Sold, and Inventory are used in the perpetual inventory system. Many accountants would utilize two entries for the transaction, with the first acknowledging income and cash due from the customer and the second
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Why do you think a higher percentage of those over 35 years old invest in the market compared to those under 35? Help please!
Answers
Answer:
Yes I think those over 35 invest in a market compared to people not 35, because they been though school, and have more experience in the market company.
Explanation:
What do you think has to be improved in order to keep the Philippines' computer and electronics industries at the top, given their rising economies? Elaborate your answer.
Answers
The Philippines' computer and electronics industries have been booming lately due to the country's growing economy. However, there are still some areas that need to be improved to ensure their continued success and growth such as Infrastructure and Logistics, Human Resource Development, Research and Development, and Intellectual Property Protection.
The Philippines' computer and electronics industries can improve in the following areas:
1. Infrastructure and Logistics- The country's infrastructure and logistics systems are outdated and in dire need of improvement. One of the biggest challenges faced by the computer and electronics industries is the lack of reliable and efficient transportation systems. This issue can be addressed by investing in modern and efficient infrastructure, such as ports, airports, and highways.
2. Human Resource Development- The computer and electronics industries require a highly skilled workforce. The country's education system must provide relevant and up-to-date training to students to ensure they are equipped with the necessary skills. The government and the private sector should work together to invest in vocational training programs to address the skills gap.
3. Research and Development- Investing in research and development is crucial to the success of the computer and electronics industries. The government should provide incentives to encourage private companies to invest in research and development. The private sector should also work together to form partnerships and collaborations with academic institutions to promote research and development.
4. Intellectual Property Protection- Intellectual property protection is crucial for the computer and electronics industries. The government should ensure that there are effective laws and regulations in place to protect intellectual property rights. This will encourage foreign investors to invest in the country's computer and electronics industries, which will help boost the industry's growth.
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why did God call abraham
Answers
Answer: god chose Abraham and said i will make you a great nation and i will bless you.
Explanation: god commanded Abram to move to another country . This is why god planned to make of Abram a new nation from which the prophets of god and the savior of the world would arise.
What is a disadvantage of solar thermal systems?Question 10 options: There are some direct emissions of CO2 and other air pollutants. There are high costs associated with the necessary natural gas turbine backups. There is low potential for growth. The systems have low net energy yield and high costs. The high technology requirements could displace jobs for local workers.
Answers
Answer:
The systems have low net energy yield and high costs.
Explanation:
In the case of the solar thermal power/electric generation systems it collects and concentrate the sunlight in order to generate the heat of high temperature so that the electricity could be generated. It mainly have two components i.e. reflectors and the focus sunlight
So the disadvantage of this is that it develops the less net energy yield also it cost is high so not everyone could afford it
You are creating a budget for your new business. What should you include?
A. All income and expenses.
B. Fixed expenses but not income.
C. Income but not variable expenses.
D. Fixed and variable expenses but not taxes.
Answers
Answer:
A
Explanation:
You should include all income and expenses because you need to know the value of the business and the amount of money you'll have to spend after you have deducted all the expenses and added all the incomes of the business.
Naomi is an entrepreneur of skin care products specializing in face mask. She just started the business and plans to sell only withing her city. If you are Naomi, which pricing strategy do you think would best fit for the product and what distribution channel would you choose?
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The valued pricing strategy is the best pricing strategy and the Direct selling is the best distribution channel for the skin care products.
What is a pricing strategy?It refers to the method that is used to establish the best price for a product or service.
The valued pricing strategy will help her fix the best price that is proportionate to the value of the Skin care product while the direct selling will connect her directly to her client.
Therefore, the word "valued pricing strategy" and "direct selling" is correct.
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4. individual problems 9-4 relative to managers in more industries, managers in more industries are more likely to spend their time on pricing strategies rather than on reducing costs.
Answers
Managers in more industries are more likely to spend their time on pricing strategies rather than on reducing costs.
Managers in diverse industries often face varying challenges and priorities in their day-to-day operations. While cost reduction is a crucial aspect of managerial decision-making in all industries, the emphasis on pricing strategies tends to be more prominent in industries with a higher level of competition or greater variability in customer preferences.
In industries with intense competition, managers must focus on setting competitive prices to attract customers and capture market share.
On the other hand, cost reduction initiatives are more universal across industries, as managers strive to improve efficiency, eliminate waste, and optimize resource allocation.
While both pricing strategies and cost reduction are essential for sustainable business operations, the relative emphasis on each may vary depending on the industry's characteristics, market dynamics, and competitive landscape.
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Angelo has a savings account worth $1000 that earns 2% interest, a student loan of $40,000 that charges 4.6% interest, and a credit card bill that has $1500 on it with a 23.4% interest rate. He has a budget surplus of $300 at the end of the month. What should he do with the $300?
Answers
Based on the information given what he should with the $300 is: Pay it toward his credit card bill, because it has the highest interest rate.
What is interest rate:
Interest rate can be defined as the amount that is charge on the amount borrowed or loan amount.
Based on the given details the interest rate given are;
Saving account=2% of $1,000
Student loan=4.6% of $40,000
Credit card bill=23.4% of $1,500
We can see that credit card bill has the highest interest rate of 23.4%, therefore the budget surplus amount of $300 should be paid toward the credit card bill because it has the highest interest rate.
Inconclusion what he should with the $300 is: Pay it toward his credit card bill, because it has the highest interest rate.
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Suppose the skills needed to perform the work in the two industries are identical, and the supply of labor to the two industries is fixed at 6,000 workers per day. What will be the equilibrium wage, and how many workers will work in each industry?
Answers
Answer and Explanation:
The computation of the equilibrium wages and the number of workers in each industry is as follows:
Since the supply of labor is 6,000
As per the attached graph, the common rate is $8 per hour so if we take 2000 workers in industry A and 4000 workers in industry b
So, the equilibrium wage would be $8
Hence, the same would be considered and relevant too
Which type of ebusiness marketing technique induces websites or users to pass on a marketing message to other websites or users, creating exponential growth in the message's visibility and effect
Answers
A financial institution that accepts deposits, makes loans, and provides other
financial services is a(n):
A. contractual institution.
B. depository institution.
C. fractional reserve institution.
D. investment institution.
Answers
Answer:
B. depository institution.
Explanation:
Depository financial institutions provide customers with a wide range of financial services. They accept customer's deposits, issue loans, process checks, facilitate local and international payment, among others.
Depository financial services comprise commercial banks that are profits oriented and not-for-profit institutions such as credit unions and thrift institutions. Commercial banks charge a higher interest rate on loan issued than credit unions. However, banks can issue bigger loans than credit unions.
Answer:it’s not B
Explanation:
Got wrong on A.P.E.X
TRUE OR FALSE. Income distribution is how the government distributes funds for such programs as food stamps among the population.
Answers
Income distribution is how the government distributes funds for such programs as food stamps among the population. is True.
Income distribution refers to the way in which a government or other entities distribute funds, resources, or benefits among a population. Programs such as food stamps are often distributed based on income, with those who have lower incomes receiving greater benefits.
The distribution of income is simply a statistical measure of how many people earn or receive various amounts of income.
Thus through this mechanism, a more equal distribution of income stimulates economic growth. An improvement in the capital markets and legal institutions in poor economies will have larger growth effects than in rich countries.
The two types of income distribution are equal and unequal income distribution
The Gini index is a measure of the distribution of income across a population. A higher Gini index indicates greater inequality, with high-income individuals receiving much larger percentages of the population's total income.
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Income distribution is how the government distributes funds for such programs as food stamps among the population. is True
.
Income distribution refers to the way in which a government or other entities distribute funds, resources, or benefits among a population. Programs such as food stamps are often distributed based on income, with those who have lower incomes receiving greater benefits.
The distribution of income is simply a statistical measure of how many people earn or receive various amounts of income.
Thus through this mechanism, a more equal distribution of income stimulates economic growth. An improvement in the capital markets and legal institutions in poor economies will have larger growth effects than in rich countries.
The two types of income distribution are equal and unequal income distribution
The Gini index is a measure of the distribution of income across a population. A higher Gini index indicates greater inequality, with high-income individuals receiving much larger percentages of the population's total income.
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Principals generally have no personal liability for the business entity's debts regarding_____
Answers
Principals generally have no personal liability for the business entity's debts regarding the normal operations and obligations of the entity.
Principals, such as shareholders in a corporation or members in a limited liability company (LLC), typically have limited liability when it comes to the debts and obligations of the business entity. This means that their personal assets are protected, and they are not personally responsible for the entity's debts in the normal course of business.
The concept of limited liability is a fundamental aspect of business entities. It ensures that the debts and obligations incurred by the business entity are the responsibility of the entity itself, rather than the individuals who own or manage it.
As a result, if the business entity fails or faces financial difficulties, the principals generally do not bear personal liability for the entity's debts beyond their initial investment or ownership stake.
However, it is important to note that there are exceptions to this general rule. Principals can become personally liable if they have provided personal guarantees for specific debts.
if they have engaged in fraudulent or illegal activities, or if they have commingled personal and business finances to an extent that the separation between personal and business liabilities is compromised. These exceptional circumstances can expose principals to personal liability for the entity's debts.
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the irs rate table for self-employed individuals makes the adjustment for
Answers
The IRS rate table for self-employed individuals adjusts for SECA tax, enabling accurate calculation of self-employment tax. Consult IRS or tax professional for current rates.
The IRS rate table for self-employed individuals, specifically for calculating self-employment taxes, makes the adjustment for the Self-Employment Contributions Act (SECA) tax. SECA tax is the self-employed individual's equivalent of the Social Security and Medicare taxes that are withheld from an employee's paycheck in a traditional employment arrangement.
The rate table takes into account the SECA tax, which consists of two components:
Social Security tax: The Social Security portion of the SECA tax is calculated at a flat rate on a portion of the self-employed individual's net earnings. As per the cutoff in September 2021, the rate was 12.4% on net earnings up to a certain threshold. However, please note that tax rates and thresholds may change over time, so it's important to refer to the most up-to-date information from the IRS.Medicare tax: The Medicare portion of the SECA tax is calculated at a flat rate on the self-employed individual's entire net earnings. As of my knowledge cutoff, the Medicare rate was 2.9%, with an additional 0.9% for high-income earners.The IRS rate table considers these rates and thresholds to determine the amount of self-employment tax owed by self-employed individuals. It is important to consult the IRS guidelines or a tax professional for the most current rates and thresholds, as they may have changed since my knowledge cutoff date.
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Adnan, a student at Urban State University, parks his car in a university-owned parking structure. Upon entering the structure, Adnan used a parking card and $7.00 was debited from the value on the card. Adnan kept the keys to the car and attended two classes on campus. While attending a class, his car was stolen. Which of the following is correct? There is a bailment of Adnan's car. Urban State University, as the bailee of the car, owns Adnan a duty of reasonable care in watching over his car. O Urban State University will be liable for the stolen car. All the above are correct. O None of the above is correct. Because he kept the keys and never gave up control of the car, there is no bailment of Adnan's car, only a license to par
Answers
The proper explanation for this situation is:
None of the above is correct. Since he kept the keys and never gave up control of the car, there's no bailment of Adnan's car, as if it were a permit to stop.
A bailment regularly happens when somebody gives ownership of their individual property to another party, known as the bailee, who at that point incorporates an obligation to work out sensible care in shielding the property. Be that as it may, in this case, Adnan kept the keys to the car, indicating that he held control over the vehicle.
When Adnan parked his car within the university-owned stopping structure, it can be considered a permit to stop instead of a bailment. A permit to stop gifts the individual consent to utilize a designated stopping space or range but does not include the exchange of ownership or the creation of a bailment relationship.
Since there's no bailment, Urban State College does not owe Adnan an obligation of sensible care in observing his car, and they would not be at risk for the stolen car. Adnan, as the proprietor of the car, would by and large be dependable for the misfortune or theft of his claim vehicle in this circumstance.
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