The crucial role small business plays in the u.s. economy is demonstrated by the fact that small business is responsible for half of the gross domestic product (gdp) and roughly half of all U.S. employees in the workforce .
What is gross domestic product ?The gross domestic product (GDP) is the sum of the market values of all completed products and services produced within a nation's boundaries during a specific time period. Because it encompasses the whole domestic production, it acts as a comprehensive scorecard of a nation's economic health.
Although it may also be computed on a quarterly basis, GDP estimates are often made on a yearly basis. For instance, the government of the United States releases estimates of annualized GDP for each fiscal quarter as well as the whole year.
The data in this report has been adjusted for price changes and is thus net of inflation since it is reported in actual terms.
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What is the relationship between the money supply and inflation?
Answer:
Inflation is caused when the money supply in an economy grows at faster rate than the economy's ability to produce goods and services. In our auction economy the production of goods and services was unchanged, but the money supply grew from round one to round two.
Write the 3 steps in legalizing a business (explain it briefly)
STEP 1:
STEP 2:
STEP 3:
Answer:
The 3 types of business entities that are most common are the sole proprietorship, limited liability company (LLC), and corporation. Each has their own distinct advantages and disadvantages, depending on what you and your business need.
Explanation:
Some of these crucial legal formalities that entrepreneurs in India should be aware of before setting up a business venture are:
1) Deciding on a business name. ...
2) Creation of a founder's agreement. ...
3) Acquire all the legal licenses and registrations. ...
4) Be acquainted with the relevant tax regime and accounting norms.
From the end of 2010 to the end of 2011, M1 increased from $2,006 billion to $2,311 billion. By what percentage did M1 increase?
Answer:
15.20%
Explanation:
The computation of the M1 increase is shown below:
= (M1 End of the year 2011 - M1 end of the year 2010) ÷ M1 End of the year 2010
= ($2,311 billion - $2,006 billion) ÷ ($2,006 billion)
= 15.20%
When creating a budget, it is best to consider your ______________________ income.
A. Daily
B. Weekly
C. Monthly
D. Yearly
Answer:
Monthly income
Explanation:
you plan ahead
Answer:
c
Explanation: Monthly income
when the price is above the equilibrium, explain how market forces move the market price to equilibrium. do the same when the price is below the equilibrium.
When the price is above the equilibrium, the market forces move the market price to equilibrium by decreasing the price of the commodity. Similarly, when the price is below the equilibrium, the market forces move the market price to equilibrium by increasing the price of the commodity.
Market equilibrium occurs when the supply of a good matches the demand for that good, resulting in a price that purchasers and producers can agree on. The market is in equilibrium when the price is stable and there are no significant demand or supply side pressures pushing it in one direction or the other.
At equilibrium, both purchasers and suppliers are happy with the price and the quantity exchanged is at its maximum. Market forces are the driving force behind market equilibrium. As the cost of a commodity fluctuates, market forces operate to push it back toward equilibrium.
This could be done in one of two ways: increasing or reducing the cost of a commodity. When the price is above the equilibrium, there is a surplus of the commodity in the market. This results in a decrease in the price of the commodity. Due to the low cost of the commodity, demand for the commodity will increase, and supply will decrease until the commodity's price reaches equilibrium.
Similarly, when the price is below the equilibrium, there is a shortage of the commodity. This results in a price rise. The increase in price causes supply to increase and demand to decrease, resulting in a price equilibrium being established. Market forces always work to establish market equilibrium.
This is an ongoing process that takes place in response to changes in demand or supply, and it can take some time for a market to adjust to a new equilibrium. However, in the end, the market always settles at a price that reflects the true value of the commodity.
Hence, when the price is above the equilibrium, market forces such as the law of supply and demand will cause the price to decrease until the market is in equilibrium. When the price is below the equilibrium, market forces such as increased demand or decreased supply will cause the price to increase until the market is in equilibrium.
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The summary section of a business report appears at the bottom of the report.
False
True
If you were starting a new business, describe at least three departments to the company that you would need right away. Why are these departments so important? (1-5 sentences. 3.0 points)
Answer:
I would need a computer and then a laptop to work fast as I can and that will make me get more money
Answer:
f I were to start a new business, the three departments that I would need right away are the production department, a sales and marketing department, and a finance department. A production department would be necessary as I would require a product or service to offer the market. A sales and marketing department would also be necessary, because I would need to sell this products in order to make money. A finance department would be necessary to manage the financial resources of the company.
Explanation:
in which type of political system would you expect a person to live in grinding poverty for years
If you purchase a straddle on euros, this implies that you: A) finance the purchase of a call option by selling a put option in the euros. B) finance the purchase of a call option by selling a call option in the euros. C) finance the purchase of a put option by selling a put option in the euros. D) finance the purchase of a put option by selling a call option in the euros. E) None of the above.
Answer:
The correct answer is E) None of the above.
Explanation:
when you purchase a straddle on euros, this means you simultaneously buy a call option and a put option on the same common stock on euros bearing a similar expiration date, and the same place where the security can be bought and sold. What this means is, you tend to make a profit once the common stock makes a sharp move. Normally, call options give investors the liberty to sell stock expecting a rise in price, while a put option gives the investors want to sell their stock because they predict a fall in price. These two option contracts aim at making investors make profits.
Give me a title and lyrics and I will put them into a song
Song has to be about Solby Golbrock or Larry Stylinson. lol..
Verse 1:
Billy never cared much for studying, homework was always too boring.He'd rather play games all day,
There were girls to impress, he had no time to stay.
Chorus:
The boy who never studied, how foolish he was.He thought life was only about fun, if only he knew how much he'd lose.
Verse 2:
He met a girl named Jenny, she had eyes so pretty. Billy wasted all his time with her, Forgeting his books and soon would err.(repeat chorus)
Verse 3:When Jenny broke his heart, Billy had fell apart.
No more girls would give him a chance,
His future now left in a trance.
(repeat chorus)
Verse 4: Alone in his room one night, The error of his ways came to light. If only he had studied hard, A promising life was within his grasp, but now the window closed.(repeat chorus)
Verse 5:
In the end Billy came undone,
All joy and hope now gone.
No dreams left to hold,
For the boy who never studied and grew old.
(repeat chorus)
Such a tragic tale of wasted youth, Lost are dreams, lost is truth. The moral here is clear, Study hard, uncertainties you'll steer clear.What types of procedures in schools could benefit from TQM? If students are regularly late for classes, how can the school use TQM tools to help solve the problem?
If an agent recommends that a client invest a portion of his portfolio in an international stock fund and is asked whether she should compare the performance of the fund against the S&P 500 Index, how should the agent respond?
Answer:
A) No, it is preferable to compare the fund against the Morgan Stanley Capital International Europe, Australasia, Far East (EAFE) Index because it covers international securities.
Explanation:
As It is important that a specific mutual fund should be compared against the benchmark i.e. considered appropriate. The performance of the international fund should also be compared against the foreign stock index like EAFE index
So in this way the agent should be responded to the current situation
Therefore the option a is correct
Andy's utility function for candy is. U(x) = 10vx. If Andy eats 64 pieces of candy,
how much utility does Andy receive?
Answer:
U(x) = 10vx. If Andy eats 64 pieces of candy,
Explanation:
Help!!!
Assume that you have been newly hired to a great company and you would like to keep your job. What are some of the strategies that you can demonstrate in order to keep your job in a competitive market? In a paragraph or two, describe at least three of these strategies and give reasons why you believe they are important.
Answer:
Work ethics is defined as the set of moral values, benefits, and virtue by which an individual can strengthen their character and abilities. It is based on the determination, importance of work, and desire to work hard.
The three ways in which a newly hired employee can do great at the company are:
1. Integrity and Honesty are the two values that are most important in a workplace. The individual should be honest about the work and work with full determination.
2. Discipline and Responsible for the kind of work the individual is doing. The person should have the desire to work hard, responsibly, and have the discipline to achieve promotion in a company.
3. Productivity and communication are also the key elements of work ethics. The person should increase and bring out productivity every day and have excellent communication skills.
Therefore, responsibility, honesty, hard work, and discipline are some of the elements to achieve great at a company.
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Explanation:
Using the same resources, the country of zanzibarus produces 12 million pounds of beef or 5 million pounds of pork. zanzibarus has a (n) ________ in beef in contrast with pork production.
Using the same resources, the country of Zanzibarus produces 12 million pounds of beef or 5 million pounds of pork. Zanizibarus has a (n) Comparative Advantage in beef in contrast with pork production. This is further explained below.
The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage.
Opportunity cost is a new consideration in the idea of comparative advantage when comparing various manufacturing possibilities.
According to the theory of comparative advantage, nations will trade with one another and export the items in which they are relatively more competitive.
A country's labor force and natural resources may be exploited if one solely considers its comparative advantages.
Absolute advantage refers to a nation's undeniable ability to produce a certain good more effectively.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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What makes an environment feel warm and welcoming. Where are your favorite places to go? How much does the hospitality you encounter at your favorite places influence your choices? And what are your thoughts and motivations around this hospitality aspect of hospitality management?
A warm and welcoming environment includes ambiance, friendly staff, and attention to detail. Favorite places are often cozy cafes, local restaurants, inviting parks, or comfortable hotels. In hospitality management, creating a welcoming atmosphere and prioritizing customer service are crucial for customer satisfaction and loyalty.
An environment can feel warm and welcoming based on several factors. Here are some key elements:
1. Ambiance: A warm and welcoming environment often has a pleasant and inviting ambiance. Factors such as lighting, decor, and overall atmosphere play a role in creating a comfortable and cozy setting.
2. Friendly and attentive staff: The presence of friendly and helpful staff members who greet guests warmly, offer assistance, and make them feel valued contributes to a welcoming atmosphere. Staff members who go the extra mile to provide excellent customer service can significantly enhance the overall experience.
3. Comfortable seating and layout: Thoughtful arrangement of furniture, comfortable seating options, and well-designed spaces can make people feel at ease and encourage them to relax and enjoy their surroundings.
4. Attention to detail: Paying attention to small details, such as cleanliness, well-maintained facilities, and personalized touches, demonstrates a commitment to creating a welcoming environment. These details can make a significant impact on guests' overall impression.
Regarding my favorite places to go, as an AI language model, I don't have personal experiences or preferences. However, for many individuals, their favorite places might include cozy cafes, friendly local restaurants, inviting parks, or comfortable hotels that offer exceptional service.
Hospitality encountered at favorite places can greatly influence people's choices. Positive experiences and genuine hospitality leave a lasting impression, making individuals more likely to return to those places and recommend them to others. Good hospitality creates a sense of loyalty and fosters positive word-of-mouth, which is crucial for businesses in the hospitality industry.
In terms of hospitality management, the goal is to create an environment where guests feel genuinely welcomed, valued, and cared for. By prioritizing excellent customer service, personalized experiences, and attention to detail, hospitality businesses can build strong relationships with their guests. The hospitality aspect of hospitality management is driven by the desire to provide memorable experiences and exceed guests' expectations, leading to customer satisfaction, repeat business, and a positive reputation in the industry.
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Question 27 pts OSHA, the Occupational Safety and Health Administration, has notified you that your company is legally required to install safety rails around the large vats of chemicals in your factory. You need to follow their order so that you are: Group of answer choices in compliance. licensed. insured. contracted.
What effects did zaha have on guggenheim new york?
The effects that Zaha had on Guggenheim New York is that her current retrospective at the Solomon R. Guggenheim Museum in New York gives ample evidence of her genius. She has been busy and produced a staggeringly impressive body of work that is without equal for its inventiveness. This saved urban space and merges the elements of its surroundings. It also projects a brand new artificial landscape outweighted by funnel-shaped cones. The Solomon R. Guggenheim Museum, often referred to as The Guggenheim, is an art museum at 1071 Fifth Avenue on the corner of East 89th Street on the Upper East Side of Manhattan in New York City.
Who is Zaha Hadid?Dame Zaha Mohammad Hadid DBE RA was a British-Iraqi architect, artist and designer, recognised as a major figure in architecture of the late 20th and early 21st centuries.
Therefore, the correct answer is as given above
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Sample Response: First, I will focus on lowering prices. I will do this by making sure my costs to run the business are low, and I will start by running the shop myself. I will create a better product by using healthier, better ingredients to attract more customers. Finally, I will be innovative by offering ingredients that aren't sold anywhere else. Which of the following did you include in your notes? Check all that apply. How you will keep costs down how you will offer a better product how you will be innovative in what you offer.
The notes include keeping costs down, offering a better product, and being innovative in what is offered.
In the notes, the focus is on three key strategies to improve the business: lowering prices, offering a better product, and being innovative. To keep costs down, the individual plans to run the shop themselves, eliminating the need for additional staff and reducing labor expenses. By taking direct control of the operations, they can ensure efficient management and minimize overhead costs.
Additionally, the intention to use healthier and better ingredients demonstrates their commitment to providing a better product. This approach aims to attract more customers by offering high-quality, nutritious options that differentiate their shop from competitors. Lastly, the plan to be innovative involves offering ingredients that are not available elsewhere.
This unique offering can capture the attention of customers seeking novel and distinctive flavors, providing a competitive advantage in the market. By combining these strategies, the business owner aims to lower prices, enhance the product quality, and stand out through innovative offerings.
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Rocky Point Brewery (RPB) filed an initial public offering in January 2018. RPB engaged Olsen & Alain, CPAs, (O&A) in 2015 to keep the books and prepare monthly and annual financial statements (while the company was privately held), and terminated those services in December 2018. Under SEC and PCAOB rules, could RPB engage O&A to be their auditors now that it is a public company? a. Yes, because the prohibited nonaudit services were performed before the period of professional engagement. b. Yes, but only if O&A rescinds any indemnification language existing in their nonaudit engagement letters. c. No, because the prohibited nonaudit services were performed during the period covered by the financial statements. d. No, but only if the fees O&A received from these engagements exceeded five percent of the firm's annual revenues.
Answer: No, because the prohibited non-audit services were performed during the period covered by the financial statements.
Explanation:
The aim of the Securities and Exchange Commission is to protect the investors and also maintain a fair, and an efficient market.
We should note that Under SEC and PCAOB rules, RPB cannot engage O&A to be their auditors now that it is a public company because the prohibited non-audit services were performed during the period covered by the financial statements.
In a market economy, who decides what goods and services will be produced?.
In a market economy, the person who decides what goods and services will be produced is: Producer or manufacturer.
Who is a producer?A producer is someone who produce or manufactures good and service in which they in turn supplies those goods they produce for sales.
In a market economy, the producer is the person who decide the types of products or goods and service that will be produced.
Producer also has the right to:
Decide on the amount of goods to produce.Decide on the amount to charge their customers etc.Inconclusion in a market economy, the person who decides what goods and services will be produced is: Producer or manufacturer.
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In what three ways does the government affect production of goods and services in the US economy?
In the bcg matrix, ________ are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
In the bcg matrix, cash cows are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
What is the bcg matrix?This is the term that is used to refer to the way that the products of a business is analyzed. The reason why this is done is so that it would be able to aid in the strategic planning of the business. It helps in the assessment of the current state of the product line that the business owns.
Hence we can conclude that In the bcg matrix, cash cows are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
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_____ is a career typically requiring a certificate from a vocational school program.
Actor
Lawyer
Sales clerk
Automotive mechanic
A monopolist sells to tourists who have demand p1 = 14 – q1 at a price of $8.00. Residents have demand p2 = 10 – q2. The firm implements an OPD pricing plan. What price should the monopolist charge to the residents?
Answer:
Price charge to the residents = $4
Explanation:
Given:
p1 = 14 – q1 at a price of $8.00
p2 = 10 – q2
Find:
Price charge to the residents
Computation:
p1 = 14 – q1 at a price of $8
8 = 14 – q1
q1 = 6
In OPD q1 = q2
So,
p2 = 10 – q2
p2 = 10 – 6
p2 = $4
Price charge to the residents = $4
under the concept of establishment of responsibility, how many people should have the ultimate responsibility?
Answer:
1
Explanation:
because we smart,im from forest hill
Answer:
1 because he or she can lead a group
under the terms of a divorce agreement entered into in 2017, maria was to pay her wife joyce $2,000 per month in alimony and $500 per month in child support. for a 12-month period, maria can deduct from gross income (and joyce must include in gross income):
In this instance, it is $2,000 for a full year. The $500 will be paid as child support and will not be deducted from your gross income.
Lanny cannot deduct the $500 in child support payments each month. IRA regulations state that child support is not tax deductible. Lanny would only count his wife's alimony payout as part of his total income for a calendar year. $2,000 * 12 = 24,000. $24,000 can be subtracted from Lanny's gross income. A divorce agreement is a contract that a husband and wife create and that specifies the terms under which they are ending their union. It comprises the conditions that they will both agree to follow in the event of a divorce. Once both parties have signed the agreement, it is legally binding. The amount that is going to the recipient is the amount that will be included as a gross income deduction under the terms of the alimony agreement.
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Helena is only a couple months into running her nail salon business and she
has just paid all of her expense for the month. She made $5,000 for the
month of June and her expenses totaled about the same. Which term best
describes this occurrence?
A. Return on investment
B. Break-even point
C. Survival pricing
D. Markup plan
Answer:
B. Break-even point
Explanation:
APEX
The given situation can be best described as the Break-even point. Hence, Option B is correct.
What does Break-even point mean?
In economics, business, and particularly cost accounting, the break-even point is the point at which total cost and total income are equal, or "even."
Although opportunity costs have been paid and capital has received the risk-adjusted, projected return, there is no net loss or gain, and one has "broken even."
The break-even threshold is reached when overall costs and total revenues are equal, leaving small firm with no net benefit or loss. In other words, when an individual achieved the point in production where the revenue from a product equals the cost of manufacture.
Therefore, Option B is correct as the expenses and income both are same in the month of June.
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Which statement best explains the decrease in manufacturing jobs over the next few years?
1)There is not enough demand for manufactured goods.
2) These jobs are often outsourced to overseas factories.
3)There are not enough skilled workers to fill the positions.
4)The cost of technical training and on-the-job training is high.
Answer:
2) These jobs are often outsourced to overseas factories.
Explanation:
The correct option is B. These jobs are often outsourced to overseas factories which best explains the decrease in manufacturing jobs over the next few years.
What is the effect of outsourcing jobs?Outsourcing jobs enables American businesses to compete more effectively on a global scale. With abroad branches, they are able to sell to foreign markets. By employing in developing nations with lesser standards of living, they maintain low labor prices. As a result, the prices of the commodities they ship back to the US are reduced.
Production outsourcing has significant effects on labor and material costs, with a tendency to drive up material costs and drive down labor costs. This study also demonstrates that process techniques do not moderate the impact of high levels of supplier integration on total COGS.
The best choice is B. The loss in manufacturing jobs over the next years can be best explained by the fact that these positions are frequently outsourced to manufacturers in other countries.
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