An entity that seeks to earn a profit by providing a good or service is known as a business.
See the explanation below
What is the concept of a business?Simply put, a business is any enterprise established with the aim of making money or profit. A business can sell goods or provide services to customers or clients, although a business can operate for a long without making profits.
However, a point will come when there is no loss and no gain, this is when the business is said to have broken even.
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If a firm can raise market price by reducing its output, then:
If a firm can raise the market price by reducing its output, then It faces a downward-sloping demand curve.
If a superbly aggressive company increases its rate above the prevailing market fee, it'll lose its entire marketplace proportion, and income will lessen to 0.
Monopolists aren't allocatively efficient, due to the fact they do not produce at the amount wherein P = MC. As a result, monopolists produce less, at a higher average cost, and rate a higher price than could a combination of firms in a superbly competitive enterprise.
The monopolist will choose the income-maximizing degree of output in which MR = MC, and then fee the fee for that quantity of output as decided by using the marketplace call for curve. If that rate is above average fee, the monopolist earns high-quality earnings.
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Everything else being equal, the higher the interest rate, the higher the future value. Question 27 options: True False
Everything else being equal, the higher the interest rate, the higher the future value (true).
What is the relationship between interest rate and future value?Interest rate and future value have a positive relationship. The higher interest rate is, the higher the future value. The lower interest rate is, the lower the future value.
For example, if a person invests 1000 for a year at an interest rate of 20% and his sister invests 1000 for a year at 10%. Their future values are:
(1000 x 1.20) = 1200
(1000 x 1.10) = 1100
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Haskins Company employs material handling employees who move materials between production divisions at a labor cost of $184,000 a year. It is estimated that these employees move 640,000 pounds of material per year. If 64,000 pounds are moved in March, how much of the material handling cost should be assigned to products made in March
material handling cost should be assigned to products made in March $36,000.
Given data,
labor cost = $360,000
move material per year = 600,000 pounds
To find out material handling cost.
we find here first Labor Cost per pound of material that is express as
Labor Cost per pound of material = Labor Cost ÷ Number of Pounds of material .......................1
Labor Cost per pound of material ==360000/600000= $0.6 per pound of material
Labor Cost per pound of material = $ .6 per pound of material
so, we can say that 60000 pounds are moved in March so cost will be
60000 pounds are move cost = 60000 × $0.6
60000 pounds are move cost = $36000
material handling cost is: $36,000
What is material handling cost?The freight for the items (equipment and material), insurance, and customs clearance fees, among other expenses, make up material handling costs (or MRC). Posted in Procurement and tagged cost, procurement, logistics.
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________ is anything that happens during the course of a business process. Multiple Choice BPMN activity BPMN flow BPMN gateway BPMN event
Answer: BPMN event
Explanation:
Volume-based rates are appropriate in situations where the incurrence of factory overhead?
Volume-based rates are appropriate in situations where the incurrence of factory overhead is related to a single, common cost driver.
A volume-based totally allocation is an allocation of manufacturing facility overhead fees based on a unit of pastime, in preference to a cost. Examples of such allocation bases are the number of rectangular pictures used, the wide variety of hard work hours used, the variety of gadget hours used, and the number of devices produced.
Volume-primarily based fee drivers assign costs via the run sports simplest. the alternative sports are not noted for costing purposes due to the fact that may not be associated with the quantity of output. Ordering charges are a terrific example.
Volume settlement manner is a settlement of carriage that provides for the carriage of a specific quantity of products in a chain of shipments in the course of an agreed period of time. The specification of the quantity may consist of a minimum, a maximum, or a certain variety.
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______ analysis can compare two or more datasets to identify patterns and trends. Multiple choice question. Aggregation Comparative Data Competitive
B) comparative analysis can compare two or more datasets to identify patterns and trends.
Comparative analysis is the manner of evaluating objects to one another and distinguishing their similarities and variations. Whilst an enterprise wants to analyze a concept, hassle, principle, or question, conducting a comparative analysis permits it to higher apprehend the problem and form techniques in response.
It is a method of comparing more items with the concept of uncovering and coming across new thoughts about them. It often compares and contrasts social systems and strategies around the arena to understand widespread styles. The comparative analysis attempts to apprehend the have a look at and provide an explanation for every element of facts that comparing.
As we learned, a comparative analysis is a sort of statistical technique whereby or more datasets are as compared to determine their consistency with each other. It could additionally validate a scientific investigation or speculation that wishes to be examined.
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He financial failure of a firm is often due to multiple choice tight control of expenses. precise management of cash flows. overcapitalization. undercapitalization.
When a firm fails financially, this is often due to the problem of overcapitalization.
How can overcapitalization lead to business failure?When a company is overcapitalized, it means that they started off with a lot of investment from their owners. Some might think this is a good thing, but it is usually bad.
The reason it is bad for a firm is that it might lead to them setting goals that are too ambitious for a young firm and so they end of going through financial failure for being unable to meet target.
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According to the cdc, the price elasticity of demand for cigarettes is ____, which sugggests that a tax increase will ______ revenue.
According to the CDC, the price elasticity of demand for cigarettes is .3 to .5, which suggests that a tax increase will increase revenue.
The CDC stands for the Centers for Disease Control and Prevention, which is the national public health agency of the United States. According to CDC, the price elasticity of for cigarettes is .3 to .5, which indicates that a tax increase will increase revenue.
As smoking is a habit so hard to kick, demand for cigarettes is highly inelastic, which means that large price changes induce only small changes in the quantity demanded.
Hence, the price elasticity of demand for cigarettes is .3 to .5, which syndicates that a tax increase will increase revenue.
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When new small business owners define their competitors, the first step is to define a _________ that reveals the potential new customers.
When new small business owners define their competitors, the first step is to define a Radius that reveals the potential new customers.
What is a competitive analysis?The process of locating competitors in your business and investigating their various marketing methods is known as a competitor analysis, often referred to as a competitive analysis. By comparing this data to those of your competitors, you can determine the advantages and disadvantages of your business.
We can do a high-level competitor analysis or delve deeply into a single element of your rivals' operations. Although the focus of this article is on how to perform a generic competitive analysis, you should customize this procedure to meet the demands and objectives of your company.
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What type of international risk exposure measures the change in present value of a firm resulting from changes in future operating cash flows caused by any unexpected change in exchange rates
The answer is operating exposure.
Operating exposure relates to how exchange rate changes might affect a firm's future cash flows and, as a result, its value. Cash flows might be contractual or expected. The concept of an exposure without contracted cash flows might be difficult to understand.
The operating vulnerability of a corporation is largely driven by two factors: Are the marketplaces in which the corporation obtains its inputs and sells its goods competitive or monopolistic? Operating risk is increased when a company's input costs or product pricing are affected by currency volatility.
Therefore, the answer is operating exposure.
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The amount of mortgage a person is eligible for will be larger when:
The amount of mortgage a person is eligible for will be larger when there is lower interest rate.
What is a mortgage?This refers to an agreement that exist between a lender and a borrower in which a lender can take over the borrower's properties incase of any default in payment.
A mortgage is like a loan, obtained by a borrower with a promise to pay at a future date.
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If the broker's 5% commission is $2,500, the total sales price of the property was A) $50,000. B) $7,500. C) $125,000. D) $12,500.
If the broker's 5% commission is $2,500, the total sales price of the property was A) $50,000.
What is a broker's commission?A broker's commission is the remuneration paid to a broker for her services.
Data and Calculations:Commission rate = 5%
Commission amount = $2,500
Total sales price = $50,000 ($2,500/5%)
Thus, if the broker's 5% commission is $2,500, the total sales price of the property was A) $50,000.
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Under what circumstances can a buyer representation agreement be terminated early in maryland?
If the buyer finds another buyer to replace them, a buyer representation agreement be terminated early. A buyer representation agreement is a legal document that spells out in detail how a real estate company or broker will interact with a house buyer.
A contract for buyer representation specifies the services to which the buyer is entitled and those which representative undertakes to provide. A buyer agency agreement's primary goal is to define or establish connection between buyer and representative by outlining expectations of all parties. A buyer representation agreement also protects against buyer replacing the representative without both parties' consent.
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One of the benefits of contracting with celebrities to endorse the company's brand of athletic footwear is
One of the benefits of contracting with celebrities to endorse the company's brand of athletic footwear is: celebrity endorsements make a company's brand more appealing to the buyer.
EndorsementThe advantage of having a celebrities to endorse a company's or an organization brand is that celebrity endorsements make a company's brand attractive to potentials customers or buyers.
Most companies tend to often endorse celebrity for their brand advertisement based on the fact that celebrity brand or product endorsement help to boost or increase company's branded sales volume, thereby leading to increase in profit.
Therefore One of the benefits of contracting with celebrities to endorse the company's brand of athletic footwear is: celebrity endorsements make a company's brand more appealing to the buyer.
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During the __________ stage of the product life cycle, sales reach a peak, profits are declining, and the number of competitors starts to decrease.
During the maturity stage of the product life cycle, sales reach a peak, profits are declining, and the number of competitors starts to decrease.
What is the maturity stage?The maturation stage follows the introduction and growth stages. The mature stage is the most time-consuming step of the product life cycle. At this time, sales growth begins to slow; the company has reached the peak of the demand cycle, and advertising methods have little impact on sales growth.Continued rivalry, concern about introducing new products or services, and issues about how to establish a suitable exit strategy for your organization are among the challenges during the maturity phase.Therefore, during the maturity stage of the product life cycle, sales reach a peak, profits are declining, and the number of competitors starts to decrease.
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Answer:
maturity
Explanation:
Money demand is given by md/p = 1000 .2y - 1000i. given that p = 200, y = 2000, and i = .10, real money demand is equal to?
The real money demand is equal to $2,60,000
Money demand/ P = 1000+0.2Y -1000i
Money demand/200= 1000+0.2(2000)-1000(0.1)= 1000+400-100
=1300
Money demand /200 = 1300
Money demand = $1300*200
= $2,60,000
Money demand is the demand for real cash balances as people hold onto money to purchase goods and services. The higher the price level, the more money you need to buy a certain amount of goods.
For example, Margie keeps cash in her purse so she can buy groceries, which she does every week. The more cash you always have in your wallet, the less time you spend going to the bank, standing in line, and withdrawing more cash.
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Jacoby Company received an offer from an exporter for 21,300 units of product at $17 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data are available: Domestic unit sales price $25 Unit manufacturing costs: Variable 13 Fixed 3 The differential revenue from the acceptance of the offer is a.$532,500 b.$894,600 c.$362,100
The differential revenue from the acceptance of the offer by Jacoby Corporation is d. $85,200.
What is differential revenue?The differential revenue is the revenue lost when a company rejects a special order or an alternative decision is made.
Data and Calculations:Exporter's offer = 21,300 units at $17 per unit
Domestic selling price per unit = $25
Variable costs per unit = $13
Fixed costs per unit = $3
Contribution margin per unit based on the special offer = $4 ($17 - $13)
Differential revenue = $85,200 ($4 x 21,300)
Thus, the differential revenue from the acceptance of the offer by Jacoby Corporation is d. $85,200.
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Question Completion with Answer Options:a. $532,500
b. $894,600
c. $362,100
d. $85,200
All decisions for the coffee chain, jobos, are made by the founder and chief executive officer. this company has a:_______
All decisions for the coffee chain, jobs, are made by founder and chief executive officer. Company has a centralized A centralized organization is decision-making structure in all decisions and processes are handled solely at the top or executive level. Apple is an example of a company with a centralized management structure.
Much of Apple's decision-making authority rests with (CEO) Tim Cook, who took over as CEO after Steve Jobs died. A centralized organizational structure is one that heavily relies on top-down decision-making. An executive team is in charge of approving all relevant decisions, which communicate to various levels of management.
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The total dollar value of all assets owned by consumers in the economy less the dollar value of their liabilities is called consumer
The total dollar value of all assets owned by consumers in the economy less than the dollar value of their liabilities is called consumer wealth.
The effect on the spending of modifications within the real price of money balances. All through inflation, as charges rise, the actual shopping strength of the money people already maintain is going down. this is anticipated to make humans more likely to keep and less probably to spend their earnings.
An agenda or curve displaying the total amount of goods and offerings furnished (produced) at different fee tiers. The mixture delivers curve is related to a time period in which output fees (specifically nominal wages) are absolutely responsive to modifications within the fee stage.
A decline in wealth prompts purchasers to shop more and spend much less which shifts the combination demand curve to the left.
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When a person accepts unquestioningly what his or her own personal judgment tells about the world, he or she is relying on _____.
When a person accepts unquestioningly what his or her own personal judgment tells about the world, he or she is relying on Intuition.
A judgment rendered towards a character (or company) for the fee of cash damages. synonyms: judgment in personam, judgment in personam, personal judgment.
Two phrases regularly used to describe personal judgments are responsibility and responsibility. folks that display an exquisite deal of private judgment have a foundation of ethical character and personal judgment is a basis for powerful hassle solving.
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Sources of retirement income include Social Security, other public ____ plans, employer pension plans, personal retirement plans, and _____ .
Social Security, other public pension plans, employer pension plans, personal retirement plans, and annuities or savings
What are retirement incomes?This is the term that is used to refer to the income that a person would get after they have left active service.
The reason is so they can have a good life after they are no longer working and they are old.
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What food purchasing behaviors are associated with higher and lower incomes in national food consumption surveys
Low-income households will buy basic goods like white bread, bacon, luncheon meats, and eggs with their money.
Families with middle-class incomes will splurge on more expensive seafood, dairy products, and more snacks.
Americans with higher incomes will either buy ingredients for cooking or eat out.
What is national food consumption surveys?A food consumption survey is a survey used to gather information about the types and amounts of food consumed by the population.
The purpose of national food consumption is-
It has been made clear that the goal of anthropometric and food consumption surveys is to assist and prescribe short- and long-term actions aimed at preventing and controlling nutrition-related diseases.Supply information, such as food balance sheets, can be used to describe food availability on a nationwide scale. These findings, which reflect food availability rather than national food intake, are not further examined here. The third type of food consumption study evaluates individual intake of foods and beverages, while the second type analyses food use within a household. These last two survey types gather data on the types, quantities, and frequency of food consumption as well as, on occasion, the cost of food purchases. These surveys also provide data on socioeconomic characteristics, opinions about food, and other variables that may influence eating habits.To know more about the National Health and Nutrition Examination Surveys, here
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A manufacturing firm employs workers to monitor and maintain specialized machines making small metal parts. Which economic questions does this statement answer?
A.) How much to produce? How much to charge?
B.) How to produce? How much to produce?
C.) What to produce? For whom to produce?
D.) What to produce? How to produce?
The manufacturing firm will ask the economics question as D.) What to produce,How to produce.
Manufacturing company approach a firm concerned with extracting, smelting, recuperating, growing, getting ready, compounding, changing, assembling or generating in any way, minerals, uncooked materials, merchandise or materials of any type or nature, and shall encompass centers associated thereto for storage, warehousing.
The 3 types of manufacturing we're in the end regarding, make to stock manufacturing, make to reserve production, and make to bring together manufacturing.Those 3 styles of manufacturing are as a substitute not unusual among manufacturers.
The term manufacturing refers to the processing of uncooked materials or parts into finished items via using gear, human labor, equipment, and chemical processing. manufacturing lets in companies to sell completed merchandise at a better fee than the fee of the raw substances used.
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Which of the following best describes the core competency of the Five Guys Burgers and Fries company
Making high-quality burgers without limiting costs best describes the core competency of the Five Guys Burgers and Fries company.
In winter, when the river froze, villagers who had little fish would fry fried potatoes instead. The dish is said to have been discovered by American soldiers in Belgium during World War I, and since the main language in southern Belgium is French, they called the delicious potatoes 'French fries.
Common processing steps for frozen French fries are washing and peeling, cutting or stripping, blanching, cooling and drying, frying, deoiling, and packaging.
The largest French Fries company is McCainFoodsLimited. Lam Weston (including JVs and subsidiaries) J.R. Simplot. Aviko.
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Organizations can lock in suppliers by making it difficult to switch to another organization or by ________.
Organizations can lock in suppliers by making it difficult to switch to another organization or by making it easy to work with the organization.
What is the purpose of creating Lock-In?
'Lock in' aims to make it difficult for customers to switch from your brand or offering to a competitor's offering. It can accomplish this by increasing switching costs or the effort required to transfer (soft lock-in) and providing positive reasons to stay, such as superior brand experience or incentives.
Benefits of Lock-In:
Regular customers: Because of the lock-in mechanism, customers will make a subsequent purchase.Customer data: Track customer purchase behaviour over time and predict trends, allowing your company to adapt to their needs and potentially increase purchase frequency or basket size.Predict cash flow: Organization can estimate more accurate cash flow, which can aid in consistent organization's growth.Learn more about organization here:
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Which type of diversification is most likely to create value through financial economies?
Unrelated diversification is that type of diversification which creates value through financial economies.
Unrelated diversification is the process where the diversification is done by entering into new industry.
It includes efficient internal capital allocation.
It also includes the business restructuring and entering into the business where high ROI is provided.
Unrelated diversification includes the obtaining of a bargaining price for the business.
For achieving the financial economies there must be the unity between different components of industry.
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efer to HR Solutions, Inc. HRSI hopes that all companies can downsize simply by attrition, a word that, in this context, refers to a. being dismissed from the workforce. b. retiring early because employees are within a few years of retirement anyway. c. an increasing amount of work per employee. d. people leaving the company. e. increasing quality.
A correct option is option (d) i.e., people leaving the company.
What does downsize mean in business?
By eliminating underperforming employees or departments, a firm can permanently reduce its workforce. Downsizing can be utilized to develop leaner and more efficient organizations, albeit it is typically carried out when there is stress or a reduction in revenue.
Why does a company downsize?
By letting go of workers who are either no longer required by the company or have not been productive, downsizing enables businesses to cut costs. The business is spared from paying workers who have been causing unnecessary expenses and haven't made a beneficial contribution.
What is HR's role in downsizing?
HR must determine the issues that staff reductions are intended to address, create solid selection criteria, and take into account the long-term effects of the layoffs on the business as a whole.
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Shareholders exercise ownership control through the power of their votes. Group of answer choices False True
True, Shareholders exercise ownership control through the power of their votes.
What is Shareholder Ownership ?Common shareholders are part of the owners of a corporation, they have bought some shares or stocks of the corporation either through public offerings or the the Stock markets.
As part of the owners of a corporation, common stock holders have certain rights except otherwise stated in the agreement.
The right to vote during the general meeting to decide how the leadership of the corporation will be. The right to share in the profits of the corporation. Common shareholders are notified before issuance of new stock.They have some degree of control over the management selection process etc.A corporation is owned by it's shareholders as a group. Each shareholder holds a proportion of the share capital of a corporate and has voting rights in proportion of his shareholdings.
Therefore , we can conclude that the statement is TRUE.
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The of a note is the amount that the signer of a note agrees to pay back when it matures, not including interest.
The principle of a note is the amount that the signer of a note agrees to pay back when it matures, not including interest.
A note's principle is defined as the sum, excluding interest, that the note's signer promises to repay when it matures. The payment made in repayment of a note often consists of both the principal amount and interest. A repayment of the initial sum would be the principle part. When using the money's purchasing power, the interest is similar to interest.
There is no legal requirement for the backing of paper money under banking note-issuing principles. The bank and trade should only issue notes when necessary and at their own discretion. To honour the notes in their own best interests, banks will maintain adequate reserves.
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Roberto and Andrew are discussing palatability and acceptability. Roberto says that the term acceptability refers to how well an animal likes its food. Andrew says that if the particle size of a feed is too small, it may reduce its acceptability to ruminants. Which of the following statements is correct
"Roberto and Andrew are discussing palatability and acceptability. Roberto says that the term acceptability refers to how well an animal likes its food..." Andrews's statement is correct. This is further explained below.
What is a statement?Generally, a specific or unequivocal articulation of anything via the medium of either spoken or written language.
In conclusion, According to Andrew, if a feed's particle size is too tiny, ruminants may not take it.
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