In order to determine whether Argentina should fund the $84 worth of projects, we need to compare the benefits and costs of the investment. The benefits are represented by the total payoff from the projects in future years, while the cost is the amount borrowed ($84) plus the interest payments.
To calculate the benefits, we can use the MPK (marginal product of capital) of 10%. This means that for every $1 invested, Argentina will receive a payoff of $0.10 in every later year. Therefore, the total payoff from the projects can be calculated by multiplying the initial investment ($84) by the MPK (10%): $84 * 10% = $8.4 billion.
Now let's calculate the cost. Argentina borrowed $84 billion from the rest of the world at a world interest rate of 5%. The interest payments will be calculated perpetually, starting from year 1. To simplify the calculation, we can use the perpetuity formula: interest payment = borrowed amount * interest rate. Therefore, the interest payment in year 1 will be $84 billion * 5% = $4.2 billion.
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Advocates of floating rates pointed out that Group of answer choices removal of the obligation to peg currency values would restore monetary control to central banks. imposing of the obligation to peg currency values would restore fiscal control. imposing of the obligation to peg currency values would restore monetary control to central banks. imposing of the obligation to peg currency would restore monetary control to the consumer. removing of the obligation to peg currency values would restore fiscal control.
Answer:
removal of the obligation to peg currency values would restore monetary control to central banks.
Explanation:
The Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to depository financial institutions when they're running out of money and as well as regulate their activities.
Generally, monetary policy affects the money supply in an economy, which then creates an impact on interest rates and the inflation rate.
Hence, advocates of floating rates pointed out that removal of the obligation to peg currency (setting specific fixed exchange rate) values would restore monetary control to central banks.
The dialogue of the characters is written to show their dialect, or the particular way they pronounce words and use language based on where they are from and other factors. How does the use of dialogue help the reader to better understand the characters
The use of dialogue in writing helps the reader to better understand the characters by providing insight into their personalities, backgrounds, and cultural contexts.
Through the way characters speak and the words they use, readers can gain a deeper understanding of their social status, education level, regional origin, and even their emotions and attitudes. Dialogue allows readers to hear the characters' voices and engage in their interactions, which brings them to life and makes them more relatable and authentic. It adds depth and realism to the characters, enabling readers to form connections and empathize with them. By carefully crafting dialogue, authors can reveal information about the characters that might not be conveyed through narration alone.
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On January 2, 2016, Christopher inherited a trust fund that he could use for college tuition. Christopher hopes to make five equal withdrawals of $40,000 each year for the next five years from the fund that will earn 10% compounded annually. The first withdrawal will be made on January 2, 2017. How much does he need to have invested in the fund on January 2, 2016, to be able to withdraw the needed amounts each year?A) $151,631B) $200,000C) $244,204D) $268,624
He need to have invested in the fund on January 2, 2016, to be able to withdraw the needed amounts each year is C) $244,204.
The problem can be solved by calculating the present value of the annuity that Christopher hopes to receive.
Step 1: Calculate the future value of the annuity.
Since Christopher hopes to withdraw five equal payments of $40,000 each year for five years, the future value of the annuity can be calculated as follows:
FV = $40,000 × \(((1 + 0.10)^5 - 1) / 0.10\)
FV = $251,327.05
Step 2: Calculate the present value of the annuity.
The present value of the annuity can be calculated using the formula:
\(PV = FV / (1 + r)^n\)
where r is the annual interest rate and n is the number of years.
Since Christopher hopes to withdraw the first payment on January 2, 2017, the present value of the annuity as of January 2, 2016 can be calculated as follows:
PV = $251,327.05 / \((1 + 0.10)^1\)
PV = $228,479.14
Therefore, Christopher needs to have invested $228,479.14 in the fund on January 2, 2016, to be able to withdraw $40,000 each year for the next five years, assuming an annual interest rate of 10% compounded annually.
The closest answer choice to this amount is (C) $244,204.
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discuss whether or not an increase in income tax will improve economic performance
Lower tax rates boost the after-tax advantage of working, saving, and investing, which increases the size of the economy.
Tax cuts have a beneficial influence on the size of the economy because they increase the after-tax benefit for working, saving, and investing.
By substitution effects, these larger after-tax rewards inspire additional work effort, saving, and investment.
Impact of Taxes on Resource Allocation: Taxation can influence the volume or quantity of production as well as the structure of production in the economy by diverting resources in the desired directions.
In the end, it may have some positive benefits on productivity.
If the assessed attempts tax evasion, the losses cannot be carried forward. If you fail to file your income tax return on time, you will be fined Rs 5000.
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explain any four consumer rights as stipulated in the CPA
It’s a bill that has/says that every person has four basic consumer rights. Which are -“the right to be informed, the right to choose, the right to safety, and the right to be heard. ”
Answer:
The right to be informed, the right to choose, the right to safety, and the right to be heard.
Explanation:
These rights received a lot of attention from the consumer movement, a movement to pass laws protecting consumers from unfair and unsafe business practices.
How does technical education play a vital role to develop the entire nation?
pls- don´t lie
;)
Answer: Education is needed for jobs. If we dont have education people cant get certain jobs. Without certain jobs the world would fall into a pandemic.
Explanation:
Answer:
Technical education play a vital role to develop the entire nation by improvimg the well beimg of youth and communities.
It increases the productivity. It also helps to accelerate the pace of work and motivate the person towards his/her work.It creayes skilled manpower and improves the quality of life.
The variable overhead efficiency variance measures the difference between the ________, multiplied by the budgeted variable overhead cost per unit of the cost-allocation base. budgeted quantity of the cost-allocation base used and the budgeted quantity of the cost-allocation base that should have been used to produce the actual output budgeted cost and the actual cost used to produce the actual output actual cost incurred and the budgeted quantity of the cost-allocation base that should have been used to produce the actual output actual quantity of the cost-allocation base used and the budgeted quantity of the cost-allocation base that should have been used to produce the actual output
Answer:
actual quantity of the cost-allocation base used and the budgeted quantity of the cost-allocation base that should have been used to produce the actual output
Explanation:
The formula to calculate the variable overhead efficiency variance is shown below:
= (Standard quantity - actual quantity) ÷ budgeted variable overhead cost per unit
In the case when the standard quantity is more than the actual one so it is favorable else unfavorable
Therefore the last option is correct
And, the other options are wrong
If silver ions were slowly added to a mixture of aqueous halide ions, what would occur? Select the correct answer below: silver chloride would precipitate silver bromide would precipitate silver iodide would precipitate all possible silver halides would precipitate
If a solution containing halide ions is gradually mixed with silver ions, the specific silver halide that would precipitate depends on the specific halide ion present in the mixture.
When silver ions are added to a mixture of aqueous halide ions, a precipitation reaction occurs as the silver ions combine with the halide ions to form an insoluble salt called a silver halide. The specific silver halide that would precipitate depends on the specific halide ion present in the mixture.
For example, if the mixture contains chloride ions (Cl⁻), silver chloride (AgCl) would precipitate as it is insoluble in water. Similarly, if the mixture contains bromide ions (Br⁻), silver bromide (AgBr) would precipitate, and if the mixture contains iodide ions (I⁻), silver iodide (AgI) would precipitate.
It's important to note that the solubility of silver halides depends on the concentration of the halide ions and the pH of the solution. In acidic solutions, the solubility of silver chloride decreases, while the solubility of silver iodide increases. Therefore, the specific silver halide that would precipitate in a mixture of aqueous halide ions can be affected by the pH of the solution.
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The quantity of a product demanded by consumers is a function of its price. The quantity of one product demanded may also depend on the price of other products. For example, if the only chocolate shop in town (a monopoly) sells milk and dark chocolates, the price it sets for each affects the demand of the other. The quantities demanded, and , of two products depend on their prices, and , as follows: If one manufacturer sells both products, how should the prices be set to generate the maximum possible revenue? What is that maximum possible revenue? Enter the exact answers. Enter your answer; p1 Enter your answer; p2
the first electronic exchange, where investors can buy and sell stock, is the _______.
The first electronic exchange, where investors can buy and sell stock, is the NASDAQ (National Association of Securities Dealers Automated Quotations) exchange.
It was established in 1971 by the National Association of Securities Dealers (NASD) and initially operated as a quotation system that provided electronic quotes for Over-The-Counter (OTC) securities.
However, in 1985, NASDAQ became a full-fledged stock exchange, offering trading in listed stocks, and it has since grown to become the second-largest stock exchange in the world by market capitalization, after the New York Stock Exchange (NYSE).
The NASDAQ is known for its technology-focused stocks and is home to some of the world's largest tech companies, such as Apple, Microsoft, and Amazon.
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Mario Gillespie owns 200 shares of Asset Investment
Corporation. He paid $32.75 per share. Asset Investment
pays a $5.00 per share dividend.
a. What is the total annual dividend?
b. What is the annual yield?
Answer:
A.
Explanation:
$1000
The total annual dividend is $1000.
The annual yield is 15.26%
What are shares?A share can also refer to something like a unit of an unit trust, a limited partnership, or a property investment trust. A share is a quantity of shareholdings in the financial assets of a firm. The term "share capital" describes all of an organization's shares.
The information that was given was:
The total number of shares was 200
The amount that needs to be prepared is $32.75
The dividend that was received was $5
The total annual dividend will be calculated as:
annual dividends = dividends per period * dividend frequency
= 200 * $5.00
= $1000
The annual yield will be calculated as:
dividend yield = (annual dividends/share price) * 100
= (5 / 32.75)*100
= 0.1526 * 100
= 15.26%
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1.the balance of an account is calculated as
A the total of the debit side
B the total of the credit side
C the difference between the totals of the debit and credit side
D.the sum of all entries
2.the total on the debit of an account is greater than the credit side.what does this mean?
A the account has a debit balance
B the account has a credit balance
C the account cannot be balanced
D the account has no balance
3.a credit balance occurs in a ledger account when
A the total on its debit side is greater than the credit side
B the total on its debit side is less than the total on its credit side
C the total on its debit side is equal to the total on its credit side
D the total is zero in the ledger account
Answer:
1.A
2.C
3.D
Explanation:
hope its help
Because cash is assumed to be available for spending, it is typically reported on the balance sheet as a(n)
Answer:
Current or Short-Term Asset
Explanation:
Which of the following should employers prevent in order to ensure the safety and health of workers in regards to machine guarding?
A) Providing employees with safe tools and equipment
B) Providing employees with personal protective equipment
C) Allowing workers to use a machine without training
D) Ensuring employees are trained in hazard recognition
———————————————
Which of the following types of machine guard is generally preferred because of its simplicity and durability?
A) Interlocked
B) Fixed
C) Self-adjusting
D) Adjustable
Answer:
1st C 2nd one B
Explanation:
Answer:
1.) C 2.) B
Explanation:
Explain how productivity, demand, and availability/supply affect the values attached to money payments.
Answer:
The law of supply and demand is an economic theory that explains how supply and demand are related to each other and how that relationship affects the price of goods and services. It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise.
There is an inverse relationship between the supply and prices of goods and services when demand is unchanged. If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services. If there is a decrease in the supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services.
The same inverse relationship holds for the demand for goods and services. However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.
Supply and demand rise and fall until an equilibrium price is reached. For example, suppose a luxury car company sets the price of its new car model at $200,000. While the initial demand may be high, due to the company hyping and creating buzz for the car, most consumers are not willing to spend $200,000 for an auto. As a result, the sales of the new model quickly fall, creating an oversupply and driving down demand for the car. In response, the company reduces the price of the car to $150,000 to balance the supply and the demand for the car to reach an equilibrium price ultimately.
The law of supply and demand is an economic theory that explains how supply and demand interact and how this influences the pricing of products and services. When supply exceeds demand for an item or service, prices fall. This is a basic economic premise. Prices tend to rise when demand exceeds supply.
When demand is constant, the supply and prices of products and services have an inverse relationship. Prices tend to decrease to a lower equilibrium price and a greater equilibrium quantity of goods and services when supply for goods and services increases while demand remains constant.
When the supply of products and services falls while demand remains constant, prices increase to a higher equilibrium price and a reduced quantity of goods and services are produced.
• The demand for products and services has the same inverse relationship. When demand rises but supply stays constant, the increased demand results in a higher equilibrium price, and vice versa.
• Supply and demand fluctuate until a price equilibrium is reached. Assume a premium vehicle manufacturer sets the price of their new model at $200,000.
• While the initial demand for the car may be great due to the company's marketing efforts, most people are unwilling to spend $200,000 on a vehicle.
• As a result, sales of the new model plummet, resulting in an oversupply and lower demand for the vehicle.
• As a result, the corporation lowers the price of the car to $150,000 in order to balance supply and demand for the vehicle and eventually establish an equilibrium price.
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Which of these stores uses a fulfillment center? A: 7-11 B: Dunkin' Donuts C: Amazon D: Comet Dry Cleaner
The store which uses a fulfillment center is: C. Amazon.
What is supply chain management?Supply chain management can be defined as an effective and efficient management of the supply or flow of goods and services, as well as all of the production processes that are involved in the transformation of raw materials into finished products, in order to meet the insatiable want and need of the consumers on a timely basis.
This ultimately implies that, the supply chain management (SCM) simply refers to a strategic process which encompasses all of the activities that are associated with planning, innovation, execution, frequent communications, and supply of finished goods and services to the consumers on a timely basis.
What is a fulfillment center?A fulfillment center is also referred to as a packaging warehouse and it can be defined as a portion of the supply chain which primarily serves as the central hub for all logistics processes that are required to get a product (good) from the seller to the consumer (buyer).
In conclusion, Amazon is a typical example of a store that makes use of a fulfillment center.
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problems 27 through 29 are based on the following statement: a small manufacturing company expects to have to replace its aging production line in five years with new equipment. the current equipment has operating costs which are expected to be $5,000 this year, $6,000 next year, with costs increasing by $1,000 per year through year five. the equipment will have a salvage value of $30,000 at the end of year five. the new equipment is expected to cost $150,000 and the company uses an interest rate of 16% per year compounded quarterly on its investments.
Based on the given statement, the small manufacturing company expects to replace its aging production line in five years with new equipment. The current equipment has operating costs of $5,000 this year, $6,000 next year, with costs increasing by $1,000 per year through year five. The equipment will have a salvage value of $30,000 at the end of year five. The new equipment is expected to cost $150,000 and the company uses an interest rate of 16% per year compounded quarterly on its investments.
To calculate the total operating costs over the five-year period, we can use the formula for the sum of an arithmetic series. The formula is:
Sn = (n/2)(2a + (n-1)d), where Sn is the sum of the series, n is the number of terms, a is the first term, and d is the common difference.
Here, a = $5,000, d = $1,000, and n = 5. Plugging these values into the formula, we get:
S5 = (5/2)(2($5,000) + (5-1)($1,000))
= (5/2)(2($5,000) + 4($1,000))
= (5/2)(2($5,000) + $4,000)
= (5/2)($10,000 + $4,000)
= (5/2)($14,000)
= (5/2)($14,000)
= $35,000
The total operating costs over the five-year period are $35,000.
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he changes in the American business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in Multiple Choice the labor force. technology. financial regulations. consumer behavior.
It should be noted that the most dramatic impact on the workings of the free enterprise system is felt by changes in the labor force.
What is Free enterprise?Free enterprise serves as the freedom of individuals and businesses to undergo regulation.
It gives the individuals in businesses to create, produce on their own, no one forces people against their belief and this is felt by labor force.
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how to tell if two goods are substitutes or complements from demand function
Cross-price elasticity determines substitutes or complements from demand functions. Positive value indicates substitutes, negative indicates complements.
To determine whether two goods are substitutes or complements using demand functions, you can examine the signs and magnitudes of the cross-price elasticities.
1. Substitutes: If an increase in the price of one good leads to an increase in the quantity demanded of the other good, they are considered substitutes. In the demand function, the cross-price elasticity of demand should be positive. A higher positive value indicates a stronger degree of substitution.
2. Complements: If an increase in the price of one good leads to a decrease in the quantity demanded of the other good, they are considered complements. In the demand function, the cross-price elasticity of demand should be negative. A more negative value indicates a stronger degree of complementarity.
To calculate the cross-price elasticity of demand, you need the demand function for each good and the prices of both goods. The cross-price elasticity is given by the formula:
Cross-price elasticity = (% change in quantity demanded of one good) / (% change in price of the other good)
If the cross-price elasticity is positive, the goods are substitutes. If it is negative, the goods are complements.
It's important to note that the interpretation of substitutes and complements may also depend on the context and specific market conditions. Market research and consumer behavior analysis can provide additional insights into the relationship between two goods and whether they are substitutes or complements in practice.
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when was the last time there was a big drop in housing prices
The sales representatives at AdVance have been told by the CEO that they need to start using social media every day to help them close sales. Most of these reps are already using social media personally, but have not been using it in a business setting. Describe what is the best strategy for them to use to follow the CEO's request?
Answer: D) Interact more actively with clients and potential clients on social media, but without pushing business.
Explanation:
The options given are:
A) Post statistics and benefits of AdVance fertilizers on their personal accounts.
B) Begin work accounts that are separate from their personal accounts, and focus on posting images sent from the marketing department.
C) Send private messages to all their personal friends on social media asking them to purchase AdVance fertilizer.
D) Interact more actively with clients and potential clients on social media, but without pushing business.
E) Post photos of their vacations and purchases to show that they are successful at AdVance.
Based on the scenario portrayed in the question, the best strategy for them to use to follow the CEO's request is for the sales representatives to interact more actively with clients and potential clients on social media, but without pushing business.
Social media is a platform for people to interact, discuss issues and pass messages across to each other. Hence,
through the interaction with clients, the sales representatives can discuss new products and ask about the well being of their customers and clients which will help in enhancing customer relationships.
Interaction with customers can also help in building loyal customers and having a long lasting relationship with them. Customers are vital for businesses and it's vital for companies to always protect and keep them.
A firm has a machine it can sell for $50,000. The book value of the machine is $20,000 at the moment. If the firm sells the machine today, what is the tax implication from the sale? assume that the tax rate is 40%.
The book value of the machine is $20,000 at the moment.The tax implication from the sale is 12,000.00
Tax implication from the sale = ($50000 - $20000)*40%
Tax implication from the sale = $30,000 * 40%
Tax implication from the sale = 12,000
Now, as there is a lot of capital gain, so that means the enterprise will have to pay taxes of 12,000.
The book value of a employer is the internet distinction among that agency's overall property and overall liabilities, wherein ebook price displays the full fee of a business enterprise's property that shareholders of that enterprise could get hold of if the agency were to be liquidated.
Book value is the price of an asset consistent with its balance sheet account balance. For property, the value is based at the unique value of the asset less any depreciation, amortization or impairment expenses made towards the asset.
The book value offers you a honest concept of what the organisation is really worth, in economic phrases. It indicates the quantity that you stand to get, in case of a organisation's liquidation. If the ebook fee of a employer is higher than its marketplace cost, it manner that its stock rate is undervalued. that is a fundamental guideline of fee investing.
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How important is body language? Explain your opinion.
Answer:
Our body language helps others identify our emotions, status and even our lifestyle. Non-verbal communication plays a significant role in conjunction with the spoken words. ... Any sign of conflict between the body language and our words can make us appear untrustworthy and deceptive.
chegg using porter’s 5 forces model, would you rate mcdonald’s high or low for rivalry among competitors?
The level of rivalry among competitors in the fast-food industry, including McDonald's, is high. McDonald's faces competition from other major fast-food chains, as well as local and regional competitors.
Based on Porter's Five Forces model, I would rate McDonald's as having high rivalry among competitors. The fast-food industry is highly competitive, with many players offering similar products and services. McDonald's faces competition from other major fast-food chains, as well as local and regional competitors.
This intense competition leads to aggressive pricing strategies, frequent product launches, and constant efforts to attract and retain customers. Overall, the level of rivalry among competitors in the fast-food industry, including McDonald's, is high.
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The accounting equation can be stated as
A. Expenses = Liabilities - Owner's Equity
B. Assets - Liabilities = Owner's Equity
C. Liabilities = Revenue + Owner's Equity
D. Owner's Equity = Assets + Liabilities.
Answer:
a
Explanation:
a
which sea floor resource-based industry is second in economic value only to the petroleum industry?
The sea floor resource-based industry that is second in economic value only to the petroleum industry is the mining industry for minerals such as polymetallic nodules, manganese nodules, cobalt-rich ferromanganese crusts, and hydrothermal vent deposits.
These mineral resources found on the sea floor have significant economic value due to their various applications in industries such as manufacturing, electronics, and renewable energy technologies. The extraction and processing of these minerals provide essential raw materials for numerous products and contribute significantly to the global economy.
While the petroleum industry remains the largest and most valuable sea floor resource-based industry, the mining industry for minerals is considered the second most economically valuable sector in terms of sea floor resources.
The mining industry for sea floor minerals has gained increasing attention in recent years due to advancements in technology and the growing demand for critical minerals. Here are some key points explaining the significance and economic value of this industry:
1. Mineral Resources: The sea floor is rich in various mineral resources that are valuable for industrial applications. These include polymetallic nodules, manganese nodules, cobalt-rich ferromanganese crusts, and hydrothermal vent deposits. These minerals contain valuable elements such as copper, nickel, cobalt, manganese, zinc, and rare earth elements.
2. Industrial Applications: The minerals obtained from the sea floor have diverse industrial applications. They are essential for the manufacturing of electronics, batteries, magnets, and renewable energy technologies like wind turbines and solar panels. These minerals are critical components in modern technology, making them highly sought after.
3. Limited Terrestrial Reserves: The demand for minerals is increasing rapidly due to population growth and technological advancements. Many terrestrial deposits of these minerals are becoming depleted or are located in politically unstable regions. Therefore, the sea floor represents a significant potential resource to meet the growing demand for minerals.
4. Technological Advancements: Extracting minerals from the sea floor is a complex process, but recent technological advancements have made it more feasible. Remote-operated vehicles (ROVs), autonomous underwater vehicles (AUVs), and advanced seabed mining techniques are being developed to explore and extract these resources in an environmentally responsible manner.
5. Economic Potential: The economic value of sea floor mining is significant. While the petroleum industry remains the largest and most valuable sea floor resource-based industry, the mining industry for minerals ranks second in terms of economic value. It has the potential to contribute substantially to the global economy by providing a sustainable source of critical minerals and creating jobs in exploration, extraction, and processing activities.
6. Environmental Concerns: The development of sea floor mining also raises environmental concerns. The extraction process can potentially impact deep-sea ecosystems and delicate habitats that support unique and often undiscovered marine life. Balancing the economic benefits with environmental sustainability is a crucial aspect of the industry's growth and regulation.
Overall, the sea floor mining industry for minerals is gaining attention due to its economic potential and the growing demand for critical minerals. However, it is important to ensure that any mining activities are conducted responsibly and in accordance with appropriate environmental regulations to minimize potential ecological impacts.
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TRUE/FALSE the entrepreneur should decide on the legal form of organizing the new venture before asking for venture capital.
Contrary to the aforementioned notion, the entrepreneur should not choose the legal structure of the new business before requesting venture financing.
The answer is false.
What do you mean by organizing?The managerial role of organization, which comes after planning, entails task assignment, task grouping into departments, authority assignment with appropriate accountability, and resource allocation from across organization to achieve shared goals.
What is the purpose of organizing?The management is defined as “ of organizing entails creating a organizational structure and assigning human resources to guarantee the achievement of goals. A framework for organizing effort is the organizational structure.
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Which of the following statements are positive, and which are normative?
a. The minimum wage creates unemployment among young and unskilled workers.
b. If the price of a product in a market decreases, other things equal, quantity demanded will increase.
c. If welfare benefits were reduced, the country would be better off.
d. The minimum wage ought to be abolished.
Statement (b) is positive, and statements (a), (c), and (d) are normative.
Which of the following statements are based on facts, and which express opinions?In economics, positive statements are objective statements that can be tested or proven, while normative statements are subjective statements that involve value judgments or opinions.
Based on this distinction, we can categorize the statements as follows:
a. The statement "The minimum wage creates unemployment among young and unskilled workers" is a positive statement.
It is based on empirical evidence and can be tested and evaluated using economic analysis and data. It makes a factual claim about the relationship between the minimum wage and employment outcomes.
b. The statement "If the price of a product in a market decreases, other things equal, quantity demanded will increase" is also a positive statement.
It represents an economic principle known as the law of demand, which is based on observed patterns and relationships between price and quantity demanded in markets.
c. The statement "If welfare benefits were reduced, the country would be better off" is a normative statement. It expresses an opinion about the desirability or value of reducing welfare benefits.
Evaluating whether a country would be better off or not involves subjective judgments about the goals and priorities of society.
d. The statement "The minimum wage ought to be abolished" is also a normative statement. It reflects a subjective opinion or value judgment about the appropriateness or desirability of the minimum wage policy.
It expresses a personal or ideological stance rather than a statement of objective fact.
In summary, statements (a) and (b) are positive because they make factual claims based on observable evidence and economic principles.
Statements (c) and (d) are normative because they express subjective opinions or value judgments about what should or should not be done.
Understanding the distinction between positive and normative statements is important in economic analysis and policy discussions.
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1. Do you believe E-sports will continue to grow in the future? Why or why not?
Answer: I don’t really know but I think it will still be popular and lots of people will still play no matter what
Answer:
In terms of video games, yes. Because, everyone can play videogames, but not everyone can compete in physical sports.
Explanation:
I don't need to give an explanation since it's my opinion. So don't report this answer please...
A product’s value depends both on its utility and its scarcity.
True or false
Answer:
true
Explanation: