It is correct to rank management levels from highest to lowest as follows: administrative, managerial, or top level; executive, or middle level; and supervisory, or lower level.
What are the four levels of management?First-line managers, middle managers, top managers, and team leaders are the four most prevalent categories of managers. These positions vary not only in terms of the tasks they perform on a daily basis but also in terms of their overall role within the company and the types of workers they supervise.
What role in management has the lowest status?Lower-level managers are those that supervise, plan, and assign work to individual departmental employees directly. These are the organization's first-line managers, or entry-level managers, as well.
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how did the smoot-hawley act divert consumer demand away from foreign products? multiple choice it decreased the overall wage rate. it implemented a wall of tariffs. it extended transportation times and delayed shipments from overseas. it increased subsidies to foreign agricultural producers. it advocated for 50 percent of a product to be made domestically.
The smoot-hawley act diverts consumer demand away from foreign products as it implemented a wall of tariffs. Thus, option B is correct.
What is consumer demand?A socioeconomic indicator of a company's desire for such a service or item that is supplied is called consumer demand.
The Smoot-Hawley Act increased tariffs in an effort to safeguard jobs and shift consumer demand toward form imports. This was adopted to increase tariffs on some imported products in order to protect American farmers from international tournaments. It also served as a safeguard against foreign manufacturers for other sectors.
Therefore, option B is the correct option.
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A report telling how well all approved vendors have performed in the prior 12months is information that is MOST needed in which business process?
An expense cycle document called a receiving report is used to track the delivery of products from suppliers. Based on the items received and noted on the receiving report, businesses pay their suppliers.
In order to authorize payment for a purchase that needs a purchase order or a transaction under $250.00 that doesn't, a receiving report is an additional document that is necessary.
A receiving report is significant since it is essential to the efficient operation of a firm. It will be simpler for departments to communicate when there is a streamlined recordkeeping procedure in place for receiving reports. Also, it will avoid delays in the reconciliation of missing products, returned goods, or payables to partners in company.
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what percentage of the california real estate general fund
The California Real Estate General Fund receives its funding from the state’s budget.
California real estate refers to the buying and selling of property located in the state of California, USA. It's a complex request, with different types of property ranging from domestic, marketable, artificial and agrarian. California real estate request is heavily told by the dynamic frugality, seductive life and different population.
Prices in the request are largely variable depending on the position, conditions, and other factors like levies and regulations. Buyers and merchandisers in the request need to be apprehensive of all the regulations, laws and request trends to insure successful deals. Professional help is frequently sought to navigate the complex request,
Question is incomplete the complete question is
What percentage of California Real Estate General Fund is set aside?
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A lot contains .56 acres. It sells for $35000. How much did it sell for per square foot?
A. $.97
B. $1.12
C. $1.32
D. $1.43
The answer is D. $1.43 To find the price per square foot of the lot, we need to first convert the area of the lot from acres to square feet.
Since 1 acre is equal to 43,560 square feet, we can calculate the area of the lot in square feet as follows: 0.56 acres x 43,560 square feet/acre = 24,422.4 square feet
Next, we can calculate the price per square foot by dividing the total sale price of $35,000 by the area of the lot in square feet: $35,000 / 24,422.4 square feet = $1.43 per square foot
The lot sold for $1.43 per square foot, which is the price per unit area of the lot. This calculation can be useful in comparing the price of the lot with other properties that have different areas or to estimate the value of other properties based on their price per square foot.
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Carbon Monoxide Poisoning: (Please bullet or number your answers.)
All gas-powered vehicles produce carbon monoxide. Carbon monoxide is a deadly, odorless gas that is released from the exhaust pipe of vehicles.
What are two (2) ways you can prevent carbon monoxide poisoning with gas-powered vehicles?
a company has net working capital of $869. long-term debt is $4,456, total assets are $6,705, and fixed assets are $4,326. what is the amount of total liabilities?
A company is a legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.
What is the meaning of Company?A company is a legal body created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate legislation of its jurisdiction, a corporation may be set up in a variety of ways for tax and financial liability reasons.
A corporate structure that is distinct from its owners legally is a company. Due to additional reporting requirements as well as higher-level legal obligations, the business structure is more complex and has greater setup and administrative costs.
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which account is debited when a logo is purchased for cash?
When a logo is purchased for cash, the account that is debited will depend on the accounting system that is being used by the business.
In a single-entry accounting system, the account that is debited will typically be an expense account, such as Advertising or Marketing Expenses. This is because the purchase of a logo is considered a cost associated with promoting the business, which is an expense that reduces the net income of the business.
In a double-entry accounting system, two accounts are affected by every transaction. The account that is debited will depend on the account that is being credited. For example, if the logo is purchased using cash, the Cash account will be credited, while the account that is debited will depend on the nature of the logo purchase.
If the logo is considered an intangible asset, then the Intangible Assets account will be debited. If it is considered a marketing expense, then the Marketing Expense account will be debited.
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all the uncontrollable forces originating outside the home country that surround and influence the firm are part of the blank environment. multiple choice question. international foreign global transnational
All the uncontrollable forces originating outside the home country that surround and influence the firm are part of the international environment.
What is an international environment?The international environment is the set of external uncontrollable factors that a firm encounters when it engages in international business. These factors may include economic factors such as exchange rates, inflation, and economic growth rates in foreign markets, political factors such as the stability of the host country's government, regulations, and political risks, cultural factors such as language, religion, and social norms, and legal factors such as laws and regulations related to trade and commerce in foreign markets.
For firms engaging in international business, the international environment is an important consideration. Understanding the unique features of each foreign market is crucial to developing successful business strategies. Factors such as differences in consumer preferences, cultural norms, and legal regulations can have a significant impact on a company's success in foreign markets.
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Classify each of the following unemployment situations as either cyclical, frictional, or structural unemployment. Items (7 items) a. Paul lost his job six months ago. His employment counselor at the labor office advises him to retrain. b. Unemployment in Michigan increased as consumer demand for automobiles fell during the Great Recession. c. Michael is temporarily out of work. He quit his job at Citibank to find another job as a financial analyst. d. In 2011, Borders Books filed for bankruptcy, and 19,000 employees lost their jobs. e. A data entry employee lost his job because he was permanently outsourced to India. f. Mary graduated from college with an economics degree. She doesn't have a job yet, but she has six interviews lined up. g. Large numbers of construction workers lost their jobs after the collapse of the housing bubble.
a. Frictional unemployment, b. Cyclical unemployment, c. Frictional unemployment, d. Structural unemployment, e. Structural unemployment, f. Frictional unemployment, g. Cyclical unemployment
What are the different types of unemployment?
Workers who are between jobs or looking for new employment experience frictional unemployment.
b. Economic downturns like the Great Recession or shifts in the business cycle are to blame for cyclical unemployment.
d. Workers who are between jobs or looking for new employment experience frictional unemployment.
When there is a mismatch between the abilities of the available employees and the skills required for available occupations, structural unemployment takes place.
f. When jobs are outsourced or permanently lost, structural unemployment results.
g. Workers who are between jobs or looking for a new job may experience frictional unemployment.
h. Economic downturns or changes in the business cycle, such as the burst of the housing bubble, which reduced the number of construction jobs, are to blame for cyclical unemployment.
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alexander must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets. (a) corporate finance
(b) capital markets
(c) investments
(a)Alexander must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets for corporate finance.
(b) Sachit, a trader at the New York Stock Exchange (NYSE), executes the decisions made by investors and takes action based on requests by different buyers and sellers in the market for capital markets.
(c) Jack works for a financial advising firm. He must create a financial plan and come up with a list of securities in which his client can invest. Jack must make decisions regarding the investments that he should recommend to his clients to include in their portfolio for investments.
Corporate finance is a field of finance that deals with the financial decisions that corporations make. It involves managing the financial resources of a company in order to achieve its goals and objectives. This includes decisions related to financial planning, capital budgeting, risk management, and working capital management.
Financial planning involves forecasting future financial performance and creating a plan for allocating resources to achieve the company's goals. Capital budgeting involves making decisions about investments in long-term assets, such as machinery or property, and evaluating the potential returns and risks associated with these investments. Risk management involves identifying and managing financial risks, such as market risks and credit risks. Working capital management involves managing the company's short-term assets and liabilities in order to ensure liquidity and optimize cash flow.
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Complete Question: -
Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments. Below is a set of decisions made by finance professionals. Categorize the decisions according to the area of finance to which they belong (corporate finance, capital markets, or investments).
Decisions:
(a) Alexander must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets.
(b) Sachit, a trader at the New York Stock Exchange (NYSE), executes the decisions made by investors and takes action based on requests by different buyers and sellers in the market.
(c) Jack works for a financial advising firm. He must create a financial plan and come up with a list of securities in which his client can invest. Jack must make decisions regarding the investments that he should recommend to his clients to include in their portfolio.
What countries have historically been the largest recipients of inward FDI?
The historically largest recipients of inward FDI have been the United States, the United Kingdom, France, China, and Germany. Other notable countries have included India, Australia, Canada, Brazil, and Mexico.
Foreign direct investment (FDI) is an investment made by a company or individual in one country into a business or company based in another country.
FDI can take the form of opening a subsidiary or associate company in a foreign country, acquiring shares of a foreign company, expanding existing operations of a foreign company, or making other forms of investment in a foreign company.
Generally, FDI involves cross-border transactions of more than a certain monetary value, typically a certain percentage of the total investment. FDI can be a powerful driver of economic growth, as it brings in capital, technology, and jobs from abroad.
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Fill The Blank! pure ______ involves a very large number of firms.
Pure competition involves the very large number of firms.
In a pure competition market structure, there are many small firms that sell identical products or services. The firms in the market are price takers, meaning they have no control over the market price and must accept the market price as given.
The entry and exit of firms are easy, and there are no barriers to entry. This means that new firms can easily enter the market, and existing firms can easily exit the market.
In a pure competition market, no single firm has enough market power to influence the market price, and each firm must compete on the basis of price or other non-price factors such as quality, customer service, or marketing.
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Discuss the main categories of business risk, such as people risks
risks, and environmental risks. Indicate whether each risk is either
external in nature.
Explanation:
Business risk refers to the potential for loss or damage that a company may face due to factors that are beyond its control or due to its own actions. Business risks can be broadly categorized into internal and external risks. Internal risks are those that arise from within the organization and can be controlled by the company, while external risks are those that are beyond the control of the company.
The main categories of business risk are:
Financial risk: Financial risk is the risk of losing money due to various factors, such as changes in interest rates, fluctuations in currency exchange rates, credit risk, and market volatility. Financial risks are external in nature, as they are largely driven by economic and financial factors that are outside the control of the company.
Operational risk: Operational risk is the risk of loss resulting from inadequate or failed processes, systems, or people. This includes risks related to human error, system failures, supply chain disruptions, and regulatory compliance. Operational risks can be both internal and external in nature, as they can arise from within the organization or from external factors that impact the company's operations.
Strategic risk: Strategic risk is the risk of losses resulting from poor business decisions or the failure to adapt to changes in the business environment. Strategic risks are external in nature, as they are largely driven by changes in market conditions, shifts in consumer preferences, and disruptive technologies.
Reputational risk: Reputational risk is the risk of damage to a company's brand or reputation due to negative publicity, scandals, or other events that erode public trust. Reputational risks can be both internal and external in nature, as they can result from the actions of employees or from external factors that impact the company's reputation.
Legal risk: Legal risk is the risk of losses resulting from lawsuits, regulatory fines, or other legal action. Legal risks are external in nature, as they are largely driven by changes in laws and regulations or legal disputes with other parties.
Environmental risk: Environmental risk is the risk of losses resulting from environmental factors such as natural disasters, climate change, or pollution. Environmental risks are external in nature, as they are driven by forces outside the control of the company.
People risk: People risk is the risk of losses resulting from the actions or decisions of employees, including issues related to employee turnover, absenteeism, and misconduct. People risks can be both internal and external in nature, as they can result from the actions of employees or from external factors that impact the company's workforce.
In summary, business risks can be classified into various categories, including financial, operational, strategic, reputational, legal, environmental, and people risks. Some of these risks are external in nature, while others are internal or can be caused by a combination of internal and external factors. A comprehensive risk management strategy should consider all of these categories of risk and should be designed to mitigate the impact of these risks on the company's operations and financial performance.
the burden of a tax falls more heavily on the sellers in market when a) demand is inelastic and supply is elastic b) demand is elastic and supply is inelastic c) both supply and demand are elastic d) both supply and demand are inelastic
Option b: demand is elastic and supply is inelastic. When demand is elastic and supply is inelastic, the tax burden increases for market sellers.
When demand is tighter than supply, most of the tax burden falls on consumers. However, if supply is less elastic than demand, sellers bear most of the tax burden.
If demand is inelastic, customers are less likely to react to price changes and their targets tend to stay the same when taxes are introduced. Demand for cigarettes is inelastic because smokers are dependent on the product. The seller can pass the tax burden on to the customer in the form of a higher price without a significant drop in the equilibrium quantity.
When the tax is introduced in markets with volatile supplies such as beach hotels, sellers will be forced to accept lower prices.
Therefore option B is correct.
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employees have a legal responsibility to notify their supervisor when ill (T/F)
It is true that the law requires employees to notify their superiors if they become ill.
Under the Factories Act 1948, all workers, regardless of the nature of their work, are entitled to basic health and safety rights at work as part of a healthy and viable working environment. I have. Employers are responsible for the basic welfare of their employees.
Your most important tasks as an employee are:
Take good care of your own health and safety. If possible, do not wear jewelry or loose clothing when operating the machine. If you have long hair or are wearing a headscarf, please do not get in the way as they may get caught in the machine.
In general, a person is responsible for his own wrongdoings and has no obligations for the work of others. If an employee commits an illegal act in the performance of his or her duties, the employer is liable for this illegal act.
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What are the slowest months for home sales?
In comparison to the two slowest periods of year, October as well as December, sellers can make several hundred dollars more if you sell during the high months of May, early June, and July.
Which months see the lowest real estate prices?Winter is often the season with the lowest home prices. In fact, the average cost of a home of $354,300 in January 2022 marked the lowest point in home prices for the preceding 12 month period.
Which month is ideal for property purchases?Early winter and the fall. In comparison to the spring purchasing season, a new report claims that "buyers who complete on their home around October will receive the best price. Buyers can anticipate paying a 3.3% premium in the first solid month of the fall.
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What is a trust Apush definition?
In the context of AP US History (APUSH), trust refers to a type of business organization that became popular in the late 19th and early 20th centuries.
A trust is a legal arrangement in which a group of companies turns over their stock to a board of trustees, who then manage the companies as a single entity. This allows the companies to pool their resources and coordinate their activities, resulting in greater efficiency and profitability.
The rise of trusts was part of a larger trend toward consolidation and centralization in American industry during the Gilded Age. Many trusts became incredibly powerful and wealthy, leading to concerns about their influence over the economy and politics. In response, the federal government passed a series of antitrust laws, such as the Sherman Antitrust Act of 1890, aimed at breaking up or regulating large trusts and monopolies.
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At the end of 2017, companies from one country collectively owned $22 billion in assets in its neighboring country. The $2 billion represents the ________ of FDI.A) stockB) grown more rapidly.C) foreign direct investment.
At the end of 2017, companies from one country collectively owned $22 billion in assets in its neighboring country. The $2 billion represents the stock of FDI.
The correct option is option A.
Foreign Direct Investment or the FDI stocks basically aim to measure the total level of the direct investment which is present at a given point in time, and that is usually the end of a quarter or at the end of a year. FDI stock is basically the value of the share of the capital as well as the reserves, which include the retained profits, that are attributable to the parent enterprise, as well as the net indebtedness of the affiliates to the parent enterprise.
Outward stock can be defined as the value of capital as well as the reserves in another economy which are basically attributable to a parent enterprise who is resident in the economy. Inward stock are basically the value of the capital and also the reserves in the economy which are attributable to a parent enterprise resident in another economy.
Hence, the correct option is option A.
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paul krugman characterizes strategic trade policy as being
Paul Krugman characterizes strategic trade policy as being the use of government policies to promote and protect the domestic industries that compete with foreign rivals in order to achieve greater national economic welfare.
This can include measures such as subsidies, tariffs, and quotas, aimed at making domestic firms more competitive in global markets. Krugman argues that strategic trade policy can be effective in certain circumstances, particularly in industries where there are large economies of scale or where strategic trade policies are used in coordination with other countries. Strategic trade policy is a set of government policies that are designed to promote the competitiveness of domestic industries in global markets. The idea behind this policy is to use subsidies, tariffs, and quotas to give domestic firms an advantage over foreign competitors. The goal of strategic trade policy is to increase the country's economic welfare by promoting its domestic industries in the global market.
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Paul Krugman characterizes strategic trade policy as being?
the infant industry argument relies on an assumption that firms can make efficient long-term investments by borrowing money from the domestic or international capital market. (True or False)
FALSE: The infant industry argument is predicated on the notion that businesses are unable to borrow money from either the domestic or global financial markets in order to make effective long-term investments is a incorrect statement.
Explain about the international capital market?The term "international capital market" refers to the marketplace where citizens of many nations transact in assets.
The international capital market, which hosts asset exchanges with some degree of worldwide scope, is actually a collection of intricately interwoven marketplaces rather than a single market. The foreign capital market serves a variety of functions. First of all, they offer a network of organizations made up of governments and businesses that venture and borrow to advance trade across national boundaries. Additionally, it brings together borrowers and lenders on multiple capital markets.The infant industry argument is predicated on the notion that businesses are unable to borrow money from either the domestic or global financial markets in order to make effective long-term investments.
As a result, long-term investments have to be subsidized by governments.
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Read the Lucy v. Zehmer case summary in the "Elements of the Offer" and the analyze the case in relation to contract law. Specifically, you must address the following rubric criteria: Identify the contractual element Zehmer contended was missing. Summarize the court ruling and explain the reason for the ruling. Agree or disagree with the ruling, and include a rationale to support your ideas. Summarize a personal experience in which you entered into a contract that you did not think of as a binding contract at the time. Consider which elements of a contract were in place and which were missing.
The contractual element Zehmer contended was missing was mutual assent, valid offer and acceptance, are the adequate to condition capability and lawfulness.
The court ruling was the contract is enforceable because contract has a commonsensible belief that the other organization has the necessity intent.
What is contract?An agreement between two or more people to do something is referred to as a contract. Two or more parties must agree to the terms of the agreement in order to create a legally binding commitment.
Yes, it was agree that the valid contract between the defendant are the plaintiff in this case because warranted in believing the contract. According to Lucy vs Zehmer, did not to consider defendant's significance of the purpose of the agreement.
As a result, the significance of the contract are the aforementioned.
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of the documents listed, what is an example of an individual agency's guideline that influences the way incidents are managed?
Of the documents listed, Standard Operating Procedures is an example of an individual agency's guideline that influences the way incidents are managed. So the option B is correct.
Standard operating procedures (SOPs) are detailed, written instructions to help employees carry out complex routine operations. SOPs provide detailed step-by-step guidelines for completing a task.
This document outlines the specific steps and protocols that must be followed in order to ensure a consistent and efficient approach to incident response.
This includes establishing roles and responsibilities, communication protocols, and processes for responding to, investigating, and resolving incidents. It also provides guidance on how to document and report incidents, as well as how to prevent similar incidents from occurring in the future.
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The complete question is:
Of the documents listed, what is an example of an individual agency's guideline that influences the way incidents are managed?
A. Command System
B. Standard Operating Procedures
C. Incident Action Plan
D. Finance Plan
Expenses paid in cash before they are used or consumed. Assets overstated and expenses are understated
Expenses paid in cash before they are used or consumed. Assets overstated and expenses are understated Accrued Expense.
A liability that has accrued before it has been paid is frequently referred to as a cost and is known as an expense. In the accounting period in which it happens, the expense is reported.
Accrued expenses are listed as current liabilities on a company's balance sheet because they represent the obligation to make future cash payments. A cost estimate might not match the supplier's invoice, which will appear later. According to the accrual method of accounting, costs are recorded as incurred when they are actually incurred rather than as paid.
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given the following demand and supply tables, calculate and draw the market demand and market supply curves, and label equilibrium price and quantity. when the price is $30, what is the excess demand? when the price is $60, what is the excess supply?
The equilibrium price is determined by equilibrating the supply and demand functions, then solving for the price.
How supply and demand curves determine a market's equilibrium price and equilibrium quantity?The price at which the quantity of supply and demand is balanced is known as the equilibrium price. It is established by where the demand and supply curves cross. There is a surplus when there is more supply of an item or service than there is demand for it at the going rate; this forces the price down.
In economics, the equilibrium price is determined by equilibrating the supply and demand functions, then solving for the price.
The equilibrium price and quantity change exists the supply or demand curves change. Demand growth raises the equilibrium price and quantity. The equilibrium price and quantity both fall as demand declines. Equilibrium price declines and quantity rises as supply grows.
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which term refers to the dynamic organization within the individual of those psychophysical systems that determine their unique adjustments to their environment?
Personality refers to the dynamic organization within the individual of those psychophysical systems that determine their unique adjustments to their environment
The term personality refers to a certain combination of several features or characteristics that pertain to an individual's mind, body, emotions, and social life. These traits, characteristics, or attributes subsequently influence how an individual acts, perceives, speaks, feels, and conducts towards their surroundings and other people.
It refers to the dynamic arrangement of the psychophysical systems that determine each individual's particular environmental adaptations. It has started to combine the descriptions and explanations of personality offered by trait theorists and social-cognitive theorists. Therefore, it is a broad phrase that refers to multiple procedures, methods, and adjustments related to the formation and expression of personality.
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some organizational culture characteristics make project success more likely. these characteristics include all of the following except: group of answer choices lack of appreciation for project management. collaboration to meet organizational goals. engagement of stakeholders. teamwork across cultures.
The organizational culture characteristic that does not make project success more likely is "lack of appreciation for project management".
In this case option A is correct
In fact, a lack of appreciation for project management can hinder project success by creating an environment where project managers and teams are not given the necessary resources and support to effectively manage projects.
On the other hand, the other characteristics listed - collaboration to meet organizational goals, engagement of stakeholders, and teamwork across cultures - can all contribute to project success by fostering a positive and supportive organizational culture that encourages effective project management and teamwork.
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a company uses the weighted-average method for inventory costing. at the beginning of the period, it reported the following data: units conversion percent complete beginning work in process inventory 26,500 40% units started this period 180,000 units completed and transferred out 178,000 ending work in process inventory 28,500 70% the production department data related to conversion costs follows: costs of beginning work in process $ 112,000 costs added this period 739,825 compute the conversion cost per equivalent unit. multiple choice $4.16. $3.95. $4.36. $4.55. $4.30.
Inventory costing is the process of assigning value to inventory, and thus to the cost of goods sold.
What is the meaning of Inventory?All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.
Products in various stages of preparation for sale are referred to as inventory in accounting terms, including Completed products (that are available to be sold) Unfinished projects, and raw materials.
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if income remains the same, but both the price of lottery tickets and train tickets increase, then what will happen to the budget constraint?
If income remains constant but the cost of both lottery tickets and train tickets rises, the budget restriction will move to include both endpoints.
What exactly is a financial constraint?A person's budget is the upper limit of the opportunity set, which includes all possible combinations of consumption that they are able to sustain in light of the prices of goods and their level of income.
What occurs to the budget line as the costs of both decrease?when any of the following takes place: a decrease or increase in the price of one or both items while keeping the nominal income constant (budget). a shift in the nominal income level without a corresponding shift in the relative costs of the two products.
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what are the risks and benefits of partnerships and franchises
The advantages and disadvantages of partnerships and franchises include lower responsibility, ease of starting a business, and the potential for profit, yet at least one partner has limitless liability.
A partnership is a sort of business where two or more people sign a legal agreement to share ownership, split management responsibilities, and split the organization's revenues and losses.A partnership is a contract between a few people to oversee a company's operations and allocate its assets and liabilities. Assets and liabilities are distributed equally across all partners in a partnership agreement corporation. Limited liability partnerships are regularly formed by lawyers and other professionals. Limited liability partnerships (LLPs) are a popular business structure for experts like accountants, lawyers, and architects.
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If enforcement is aimed at buyers of an illegal good, the result will be an increase in the short-run supply of the good. a decrease in the short-run supply of the good. a decrease in demand for the good. an increase in the price of the good.
If enforcement is aimed at buyers of an illegal good , then the result will be a decrease in the demand for the good , the correct option is (c) .
Enforcement aimed at buyers of an illegal good can take many forms, such as fines or imprisonment. The purpose of this enforcement is to discourage individuals from purchasing or consuming the illegal good.
When the buyers are deterred from purchasing the illegal good, the demand for the good decreases. This can lead to a decrease in the short-run supply of the good, as suppliers may be less willing to produce and sell the good when there is less demand for it.
Therefore, the correct answer is (c) a decrease in demand for the good.
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The given question is incomplete , the complete question is
If enforcement is aimed at buyers of an illegal good, the result will be
(a) an increase in the short-run supply of the good.
(b) a decrease in the short-run supply of the good.
(c) a decrease in demand for the good.
(d) an increase in the price of the good.