In centrally planned socialism, the state has the broad powers to decide what goods and services are produced and in what quantities. The correct answer is B.
In a centrally planned socialist system, the state possesses extensive authority to determine the production levels and allocation of goods and services within an economy. This system operates independently of consumer demand and aims to achieve the goals set by the central planning authority, usually the government.
In a centrally planned socialist economy, the government exercises control over the means of production and distribution. It decides what goods and services should be produced, how much should be produced, and how they should be distributed among the population.
This control allows the state to prioritize the fulfillment of societal needs, such as healthcare, education, and basic necessities, rather than being driven solely by market forces or consumer demand.
The central planning authority collects information, formulates economic plans, and sets production targets based on its assessment of societal requirements and objectives. This system contrasts with market-based economies where production decisions are primarily influenced by supply and demand dynamics and the profit motive.
Centrally planned socialism aims to ensure equitable distribution of resources and eliminate disparities in wealth and access to goods and services. However, it can also face challenges such as inefficiency, lack of innovation, and difficulties in accurately determining consumer preferences.
The correct answer is B.
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Complete question is:
In ________, the state has the broad powers to decide what goods and services are produced and in what quantities. This system is not based on consumer demand.
A. market socialism
B. centrally planned socialism
C. centrally planned capitalism
D. market capitalism
E. command allocation
Which type of borrowing option would most likely result in the borrower
paying the highest amount of interest?
A. A card with a high compound interest rate
OB. A card with a low simple interest rate
ООО O
C. A card with a low compound interest rate
D. A card with a high simple interest rate
Answer:
A. A card with a high compound interest rate
Explanation:
it is most likely to result in the borrower
Choose all that apply.
Select all of the information that could appear on your credit report.
grades in school
job history
inquiries
negative accounts
number of credit cards you have opened
bankruptcy
balance on your credit cards
The information that could appear on your credit report includes:
inquiriesnegative accounts bankruptcybalance on your credit cardsWhat goes into the credit report ?Inquiries indicate those demands for your credit report created by lenders when applying for credit. Unfavourable accounts refer to any creditors with objects of postponed fees, evaded payments, or bankruptcy.
Bankruptcy is a legal process that permits persons or companies to discharge or reorganize their duties. The balance on your charge cards refers to the value unpaid on your cards, utilised in computing your credit utilization ratio.
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Why can a bank afford to pay an interest rate on a savings account? A. Because the bank is insured by the FDIC B. Because the Fed prints more currency when needed C. Because the bank puts the money into equity investments D. Because the bank lends that money out at a higher interest rate Please select the best answer from the choices provided A B C D
Answer:
D
Explanation:
because thats the answer
Answer:
D. Because the bank lends the money out at a higher interest rate
Explanation:
To be effective, market researchers must ___________ collect, record, analyze, and interpret data
To be effective, market researchers must systematically collect, record, analyze, and interpret data.
Market research is a that systematic process which collects, analyzes, and interprets the qualitative and quantitative data about the potential customers as well as existing users, competitors, and also the target market.
Businesses use different market research results to create different products, experiences, and messages to attract and maintain a very solid customer base.
For example, companies use different market research programs to gauge customer sentiment, gain competitor insights, fix brand perception, create, to name a few.
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Explain the importance of excellent customer service.
the profit margin indicates what percentage of sales -select- represents. it measures the firm's combined impact of operating efficiency and -select- on the firm's profitability
The profit margin indicates what percentage of sales "profit" represents. It measures the firm's combined impact of operating efficiency and "pricing strategy" on the firm's profitability.
The margin is a financial metric that shows the proportion of each sales dollar that is converted into profit. It is calculated by dividing the net profit by the total sales revenue and expressing the result as a percentage. The profit margin reflects the effectiveness of a company's operations in generating profits from its sales.
Operating efficiency refers to how effectively a company utilizes its resources to generate sales and control costs. A higher operating efficiency generally leads to a higher profit margin as it indicates that the company is maximizing its profitability from the resources it employs.
Pricing strategy refers to the approach a company takes in setting prices for its products or services. It includes considerations such as cost structure, competition, market demand, and value proposition. A well-designed pricing strategy can positively impact the profit margin by ensuring that the prices set are appropriate to generate desired levels of profit.
In summary, the profit margin indicates the percentage of sales that represents profit and reflects the combined impact of operating efficiency and pricing strategy on a firm's profitability.
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A business receives $5 000 for Rent
Revenue and deposits this amount into its
Bank account. How will this transaction
be recorded?
Answer: Dr Bank $5 000; Cr Rent Revenue $ 5 000
Explanation:
From the information given in the question, we are informed that a business receives $5 000 for Rent
Revenue and deposits this amount into its bank account, this transaction will be recorded thus:
Debit Bank $5000
Credit Rent Revenue $5000
The correct journal entry is written above with regards to the transaction.
"You never listen to me!" is an example of which fallacy?
a. causation
b. overgeneralization
c. shoulds
d. helplessness
e. catastrophic expectations
The statement "You never listen to me!" is an example of the overgeneralization fallacy. The correct option is b.
Overgeneralization occurs when a person draws a broad conclusion based on limited evidence or a single event. In this case, the speaker is making a sweeping judgment about the other person's listening behavior based on a few instances where they may not have listened.
This statement assumes that the other person never listens to the speaker, which is an extreme and unfounded conclusion.
Overgeneralization can be a problematic fallacy because it can lead to misunderstandings and miscommunication.
It can also damage relationships by causing one person to feel unfairly criticized or attacked. In this case, the overgeneralization may make the other person defensive or dismissive of the speaker's concerns.
To avoid overgeneralization, it's important to gather more evidence before making a conclusion or judgment.
Rather than assuming the other person never listens, the speaker could try to identify specific instances where they felt unheard and discuss those examples with the other person.
By focusing on specific behaviors and events, the speaker can avoid making sweeping judgments and instead work towards resolving the specific issue at hand. Therefore, the correct option is b.
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Who or what is responsible for buying the vast majority of the goods and services that are produced in the United States?
1. Businesses
2. Individual Consumers
3. The Federal Government
4. Local governments
Which is not a feature of online banking?
Bill paying
Help from customer service
Locating nearby financial institutions and ATMs
Ordering food for delivery
Answer: Ordering food for delivery
Which f the following would likely accompany economic growth
Answer:
Higher inflation, lower unemployment
Explanation:
There are no answer choices but in general, if there is economic growth, the LRAS curve (vertical) shifts right, and higher economic growth means more people become employed. Relating that to the phillips curve, lower unemployment will move up the curve to higher inflation.
objective use to
achieve money
allocation to achieve
la desired outcome
Critically explain Robbins definition of economics?
Answer:
In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”
Explanation:
In ethical decision making, what element of the marketing mix is affected when a firm is deciding whether or not to outsource jobs to other members of the supply chain.
a-promotion
b- place
c- product
d- price
e- profitability
In ethical decision making,the element of the marketing mix is affected when a firm is deciding whether or not to outsource jobs to other members of the supply chain is c. product.
What is marketing mix?
The marketing mix is the collection of activities, or methods, that a business employs to sell its brand or merchandise. A typical marketing mix is comprised of the four Ps: price, product, promotion, and place. The marketing mix is the collection of tactical marketing instruments that may be controlled and used by a business to elicit a specific response from its target market. It entails every action a business can take to affect consumer demand for its goods.
Hence the correct option is c. product .
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What are 3 areas of money management that confuse you?.
The 3 areas of money management that confuse the most is Confusing Profit With Cash, Failing to Manage Cash Flow and Spending Too Much Too Soon.
What is Money management?Money management refers to a conscious attempt to track expenses, investing, budgeting, banking and assessment tax liabilities
Some area of money management that confuse people in general includes:
Spending Too Much Too SoonOverestimating Future SalesFailing to Manage Cash FlowNot Analyzing PricesMixing Personal and Business FinancesConfusing Profit With CashHowever, the 3 areas of money management that confuse the most is Confusing Profit With Cash, Failing to Manage Cash Flow and Spending Too Much Too Soon.
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When an economy producing two goods is operating efficiently and at full employment, increasing the production of one good will result in a decrease in the amount of the other good that can be produced (true or false)
False. When an economy producing two goods is operating efficiently and at full employment, increasing the production of one good will not necessarily result in a decrease in the amount of the other good that can be produced.
The total output of the economy may be able to increase if the increase in production of one good is larger than the decrease in production of the other good. This can be achieved by increasing the productivity of workers or by implementing new technologies, which can lead to greater efficiency and help to reduce the cost of production.
Additionally, governments can also help to increase the total output of the economy by providing incentives for businesses to invest in new equipment, technology, and innovations. Finally, foreign direct investment can also contribute to increasing the total output of the economy, as it can help to stimulate economic growth, create more jobs, and increase the flow of capital into the country.
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in a recent year's financial statements, procter & gamble showed an unfunded pension liability of $4,391 million and a periodic pension cost of $208 million.
Procter & Gamble's financial statements for the recent year indicated an unfunded pension liability of $4,391 million and a periodic pension cost of $208 million.
What does it entail?This suggests that the company's pension plan obligations exceed the assets that it has set aside to meet these obligations. The periodic pension cost represents the amount that the company has to contribute each year to its pension plan to cover current employee benefits.
However, the unfunded pension liability indicates that the company may not have enough funds to meet the long-term obligations of the plan.
This could lead to future financial challenges for the company, as it may need to contribute more to the pension plan or find alternative solutions to address the shortfall.
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According to robert m. Mcmath, what two items will help marketers have a successful product launch?.
The two items that will assist marketers to have a successful product launch by Robert M. McMath are by:
learning from past mistakesfocusing on what benefit the product has for customersWho is Robert M. McMath?Robert M. McMath is an American author of the book titled "what were they thinking?". In the book, he outlined more than eighty marketing lessons he learned from his business experience.
According to Robert M. McMath, the two items that will assist marketers to have a successful product launch by Robert M. McMath are by:
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by paying college students a subsidy equal to the external benefit from a college education, the government will cause students to internalize the externality. that is, the external benefit from a college education will become a
By paying college students a subsidy equal to the external benefit from a college education, the government will cause students to internalize the externality.
That is, the external benefit from a college education will become an internal benefit for the individual students. Currently, individuals who invest in higher education receive both private benefits, such as higher wages and job opportunities, and external benefits, such as increased economic growth and social benefits.
The external benefits, however, are not accounted for in the individual decision to invest in higher education, leading to a suboptimal level of investment in higher education. By providing a subsidy equal to the external benefit, the government can incentivize individuals to invest in higher education to a socially optimal level.
The subsidy will create a positive externality for the individual, as they will receive both the private and external benefits of higher education, leading to a more efficient allocation of resources and a more educated population.
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Help answer these two questions pleaseee
1. Across the course, you've learned about many other desktop publishing software programs besides PowerPoint. Identify at least two other technologies available for desktop publishing (the software can be presentation-based, word processing, spreadsheet software.etc.). What are some common features across PowerPoint and these other programs?
2. What are 2 differences that could be expected in how an employee would speak to other staff members in a truly flat organizational structure compared to a hierarchical structure?
Answer:
1.
At least two other technologies available for desktop publishing:
Microsoft WordMicrosoft ExcelMicrosoft PublisherCommon features across PowerPoint and the above programs:
These programs are all part of the Microsoft 365 (formerly Microsoft Office) suite of software tools. They are available for both personal and professional use. All programs use a subscription model. They are designed to be compatible across Microsoft's entire product line and allow for instant collaboration among multiple registered users.
2.
Two differences in how an employee might speak to other staff members in a flat organizational structure versus a hierarchical structure:
Less expectation of formality: speech would likely be delivered in a more casual manner and tone among many staff membersAn increase in dialogue: a reduction or elimination of middle management necessitates increased collaboration among staffwhy must advertising first be to the employees?a. people who provide the service are often the same people who sell the service.b. a firm's communications may reinforce pre existing ideas.c. some quirk in the advertising execution may attract a customer for which the service is not designed.
The concept is Advertising ,is the practice and techniques employed to bring attention to a product or service. The answer is option A.
The people providing the service are often the same people selling it. Putting people first means companies value their people. In return, employees will appreciate the organization.
They tend to come to work happier. Satisfied employees also create satisfied customers.
Advertising is a promotional activity aimed at selling a product or service to a target audience. It's one of the oldest forms of marketing, trying to influence the actions of the target audience to buy, sell, or do something specific.
With a highly personalized message, ads can be niche (targeted to a small audience) or generic (targeted to large audiences).
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A coworker asks you for help with something and you're busy finishing up a task, what should you say? A I'm busy right now but I'm happy to help when I'm finished B I'm kind of busy can you ask someone else C I don't have time to help you today
Answer:
A.
Explanation:
I think I could help him after I'm done with my work.
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Private, midsize-business, noninvestment company offers of securities are never exempt from the registration requirements. Group of answer choices False True
False. Private, midsize-business, noninvestment company offers of securities can be exempt from the registration requirements under certain circumstances.
Are private, midsize-business, noninvestment company offers of securities exempt from the registration requirements?The Securities Act of 1933 provides exemptions for certain types of offerings, such as those made exclusively to accredited investors or to a limited number of sophisticated investors.
These exemptions are intended to reduce the regulatory burden on smaller businesses and facilitate capital formation. However, it is important to note that these exemptions have specific criteria and conditions that must be met in order to qualify.
Companies seeking to offer securities should consult legal counsel or professionals knowledgeable in securities laws to ensure compliance with applicable regulations.
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The adjusting entry to record the amortization of a discount on bonds payable is?.
The adjusting entry to document the amortization of a Discount on Bonds Payable is credited in place of Interest Expense.
What is Amortization?The practize of paying off a debt over time with a series of instalments is called amortization. Both the principle and interest portions of each payment are applied to the loan balance. As the loan is repaid, a little amount is initially set aside each month for principal, and this amount grows significantly each month.
A business may spread out the expense of a patent throughout the course of its usefulness. Consider a scenario in which a corporation holds the sole rights to a patent for ten years with no option for renewal.
The principal balance of a loan is reduced over time as the total principal and interest payments rise, as shown by amortization schedules. As the loan is repaid, less interest is paid and more of each payment is allocated to the main debt outstanding.
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If there is a 40-acre parcel and all but the land surrounding the house is wooded, this property should be classified by _
If there is a 40-acre parcel of land and all but the area surrounding the house is wooded, the classification of the property would depend on the intended use and zoning regulations in the area.
In general, properties are classified based on their use, location, and potential for development. For example, if the property is located in a rural area and intended for agricultural use, it may be classified as agricultural land. If the property is in a residential area and intended for residential use, it may be classified as residential land.However, if the property is intended for mixed-use development or has potential for commercial use, it may be classified as commercial land. Additionally, zoning regulations in the area may dictate what types of development are allowed on the property.Furthermore, the surrounding wooded area may have an impact on the property classification. If the wooded area is protected by environmental regulations or considered a conservation area, it may limit the potential for development and impact the property classification.
the property can be classified as a "wooded property" or "forest land." Here's a step-by-step explanation:
1. Identify the key information: The property is a 40-acre parcel with most of the land being wooded, except for the area surrounding the house.
2. Consider the relevant terms: In this case, the terms are "wooded property" and "forest land."
3. Choose the appropriate classification: Since the majority of the 40-acre parcel consists of wooded land, it can be classified as either a "wooded property" or "forest land."
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periodic inventory units price beginning inventory 100 50 1st purchase 100 60 2nd purchase 100 70 3rd purchase 100 80 ending inventory 150 what is cogs using average cost?
The weighted average cost method determines COGS by multiplying the weighted average cost per unit by the number of units sold. In this case, the resulting COGS is $2777.5.
To calculate COGS using the average cost method, we need to determine the weighted average cost of each unit of inventory. The weighted average cost is calculated by dividing the total cost of goods available for sale by the total number of units available for sale.
In this case, the total cost of goods available for sale is (10050) + (10060) + (10070) + (10080) = 5000. The total number of units available for sale is 100+100+100+150 = 450. Therefore, the weighted average cost is 5000/450 = 11.11.
To calculate COGS, we multiply the weighted average cost by the number of units sold, which is (100+100+100) - 150 = 250. Therefore, the COGS is 11.11 * 250 = 2777.5.
In summary, COGS using the average cost method is calculated by determining the weighted average cost of each unit of inventory and multiplying it by the number of units sold.
The weighted average cost is calculated by dividing the total cost of goods available for sale by the total number of units available for sale. In this case, the COGS is $2777.5.
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Complete Question:
Beginning inventory = 100 units at a price of 50
1st purchase = 100 units at a price of 60
2nd purchase = 100 units at a price of 70
3rd purchase = 100 units at a price of 80
Ending inventory = 150 units
What is COGS using average cost?
many companies view the marketing environment as a(n) __________ element to which they must react and adapt.
Many companies view the marketing environment as an Uncontrollable element to which they must react and adapt.
Market is a place where the consumers and sellers meet in order to purchase and sell goods respectively. Market runs on many factors which include the availability of the goods, the demand for the goods and easy flow of cash. According to some companies and experts marketing environment is uncontrollable as it comes with risks too. Also, the demand for a particular good cannot be controlled by the market as it solely depends on the consumers. For example, if there is a demand of milk chocolate in the market but market has surplus of dark chocolate then the demand for milk chocolate is uncontrollable. The risk factors include economic factors as well as the political factors.
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During Year 2, Chico Company earned $3,200 of cash revenue, paid $1,350 of cash expenses, and paid a $850 cash dividend to its stockholders. Based on this information alone, which of the following statements is not true?A) Total assets increased by S1000 B) Cashow to coating activities was $1,000 C) Net income amounted to $1850D) Cashow from operating acties was $1850
Answer:
B) Cash inflow from operating activities was $1,000.
Explanation:
The first statement is true because we notice the Total assets actually increased by $1,000 when we subtract Cash Revenue - Cash Expenses ($3200 - $1350 - $850 =$1000. The same is true for all the other options except for option B because the cash inflow from operating activities wasn't mentioned.
He "broken window fallacy" a. explains why inflation is so high. b. is illustrated when a government program is justified not on its merits but on the number of jobs it will create. c. has nothing to do with public policy. d. is a justification for the government to print more money.
Answer: b. is illustrated when a government program is justified not on its merits but on the number of jobs it will create.
Explanation:
The broken window fallacy is simply a parable that is used to denote that when a country guess to war, it may be good for the country as it is good for the country's economy. It is a message which denotes that a beneficial event that can result in economic consequences that are negative for many others.
The broken window fallacy is illustrated when a government program is justified not on its merits but on the number of jobs it will create.
Checking account transactions are NOT reported to the credit bureaus and do not affect your credit score. Why is it still important to manage your checking account well?
Answer: Too see if anyone is stealing or charging extra fees
Explanation: