Under the program imposed by government, 6 billion bushels per year quantity of wheat goes to waste. The correct option is c.
The government-imposed price floor of $3/bushel means that the market price cannot go below $3/bushel. To find the quantity demanded and supplied at this price, we can set Qd equal to QS:
10 - 2P = 4P - 2
Solving for P, we get P = $1/bushel. However, since the price floor is $3/bushel, the market price will be $3/bushel.
At this price, the quantity demanded is:
Qd = 10 - 2P = 10 - 2(3) = 4 billion bushels per year
And the quantity supplied is:
QS = 4P - 2 = 4(3) - 2 = 10 billion bushels per year
Since the quantity supplied exceeds the quantity demanded at this price, there is excess supply, also known as a surplus. This means that some of the wheat will go to waste.
The amount of wheat that goes to waste is:
QS - Qd = 10 billion bushels per year - 4 billion bushels per year = 6 billion bushels per year
Therefore, the answer is c. 6 billion bushels per year.
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Total population = 20,000Working-age population = 15,000Employment = 1,000Unemployment = 100The unemployment rate for this simple economy equals A. (100/1,000)×100.B. (100/1,100)×100.C. (100/15,000)×100.D. (100/20,000)×100.
The unemployment rate for this simple economy is B. (100/1,100)×100. This is because the labor force in this case is the sum of employment and unemployment
Which equals 1,000 + 100 = 1,100. The unemployment rate is then calculated by dividing the number of unemployed individuals (100) by the labor force (1,100) and multiplying the result by 100 to express it as a percentage. Thus, the unemployment rate in this economy is (100/1,100) x 100 = 9.09% (rounded to two decimal places). This indicates that 9.09% of the labor force is unemployed, while the remaining 90.91% is employed.
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The Price of Frozen Fish increases from 25 dollar to 28 dollar per kg and the quantity demanded decreases from 1200 kg to 1150 kg per day A what is the price elasticity of demand for frozen fish for this price range, based on the mid-point formula? B. What is the total revenue that fish producers receive from frozen fish (i) before the price increase, and (ii) after the price increase?
Using the midpoint formula, the price elasticity of demand for frozen fish is -0.36 and the total revenue received by fish producers increased from $30,000 to $32,200 after the price increase.
A. To calculate the price elasticity of demand using the midpoint formula, we need to know the percentage change in quantity demanded and the percentage change in price.
The percentage change in quantity demanded can be calculated as follows:
% change in quantity demanded = (New Quantity Demanded - Old Quantity Demanded) / [(New Quantity Demanded + Old Quantity Demanded)/2] x 100%
= (1150-1200)/[(1150+1200)/2] x 100%
= -3.85%
The percentage change in price can be calculated as follows:
% change in price = (New Price - Old Price) / [(New Price + Old Price)/2] x 100%
= (28-25)/[(28+25)/2] x 100%
= 10.71%
Therefore, using the midpoint formula, the price elasticity of demand for frozen fish is:
Price Elasticity of Demand = % change in quantity demanded / % change in price
= (-3.85%) / (10.71%)
= -0.36
Since the price elasticity of demand is negative, we can conclude that the demand for frozen fish is price inelastic in this price range.
B. To calculate the total revenue received by fish producers before and after the price increase, we need to multiply the quantity demanded by the price.
Before the price increase, the total revenue received by fish producers was:
Total Revenue = Old Price x Old Quantity Demanded
= 25 x 1200
= $30,000
After the price increase, the total revenue received by fish producers was:
Total Revenue = New Price x New Quantity Demanded
= 28 x 1150
= $32,200
Therefore, the total revenue received by fish producers increased from $30,000 to $32,200 after the price increase.
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THE ACCOUNTING SYSTEM FOCUSES ON THE DAT TO DAY OPERATIONS OF A CORPORATION
The accounting system is an integral part of any corporation's operations. It involves the recording, classifying, and reporting of financial transactions and events of a business.
The primary goal of the accounting system is to provide accurate and reliable financial information to stakeholders, including investors, creditors, and management.
The accounting system focuses on the day-to-day operations of a corporation by tracking the inflow and outflow of cash, revenues, and expenses. It also maintains records of assets, liabilities, and equity to provide an accurate snapshot of the financial position of the corporation at any given time. This information is critical for decision-making by management and other stakeholders, and for compliance with regulatory requirements.
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The totally quantity of money existing in a nation at one time is known as the a. aggregate demandb. gross domestic productc. dividends d. money supply
Answer: The correct answer is option 'D'
Explanation:
Money supply refers to total quantity of Money available in a nation at a particular point of time.
poor borrowed $10,000 from rich several years ago. what tax consequences to poor if poor pays off the so far undiminished debt with: services, in the form of remodeling rich's office, which are worth $10,000?
The tax repercussions for Poor, if Poor remodels Rich's office to pay off the $10,000 debt to Rich, might vary depending on the specifics of the arrangement.
If Poor pays off the $10,000 debt to Rich with services in the form of remodeling Rich's office, the tax consequences for Poor may depend on the specific circumstances of the arrangement. Generally, if Poor provides services worth $10,000 to Rich in exchange for forgiving the debt, this would be considered taxable income for Poor. Poor would need to report this income on their tax return and pay taxes on it accordingly. However, if the remodeling services are considered a gift, then there would be no tax consequences for Poor. It's important for Poor to discuss the details of the arrangement with a tax professional to ensure they are properly reporting any taxable income or gifts.
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The financial crisis of 2008-2009 followed by low interest rates has been beneficial to:a. borrowers.b. retirees.c. shareholders.d. investors.e. savers.
The financial crisis of 2008-2009 followed by low interest rates has been beneficial to borrowers, retirees, shareholders, and investors, while detrimental to savers.
Low interest rates make borrowing money cheaper, allowing borrowers to take out loans with lower interest rates and more favorable repayment terms. This has been especially beneficial to those looking to buy a home, as mortgage rates have fallen to historic lows.
This has also been beneficial to retirees, who can now receive higher returns on their investments in fixed-income instruments such as bonds and annuities. Low interest rates also benefit shareholders, as companies can borrow money at a lower cost, which can increase profits and dividends.
Low interest rates also benefit investors, as stock prices tend to increase in a low-rate environment. However, savers have been hurt by low interest rates as the returns on their savings accounts and investments have decreased.
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The discount rate is
A. the interest rate the Fed charges to banks for loans from the Fed.
B. the interest rate banks charge their best customers.
C. the interest rate banks charge each other for overnight loans.
D. the interest rate the U.S. Treasury pays on Treasury Bills.
Contractionary monetary policy causes
A. aggregate demand to fall and the price level to rise.
B. aggregate demand to fall and the price level to fall.
C. aggregate demand to rise and the price level to rise.
D. aggregate demand to rise and the price level to fall.
If the federal? government's expenditures are less than its tax? revenues, then
A. a budget surplus results.
B. a budget deficit results.
C. the budget is balanced.
D. No conclusion can be drawn here regarding the budget surplus or deficit without information regarding government purchases versus other outlays.
Based on the following information, what is the balance on the current account?
Exports of goods and services = $5 billion
Imports of goods and services= $3 billion
Net income on investments = minus $2 billion
Net transfers = minus $2 billion
Increase in foreign holdings of assets in the United States = $4 billion
Increase in U.S. holdings of assets in foreign countries? = $1 billion
A. minus -$2 billion
B. $1 billion
C. $3 billion
D. $4 billion
If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American?dollar, how many American dollars are required to buy a product that costs 2.5 Canadian dollars?
A. the discount rate. A. The price level and B. the decline in aggregate demand are both results of contractionary monetary policy. A budget surplus happens when the federal government's expenses are lower than its tax collections.
Explain contractionary monetary policy using appropriate examples.In order to resist inflationary pressures, central banks may employ contractionary monetary policy, which involves reducing the money supply and slowing economic development. This is often accomplished by raising interest rates, which raise the cost for people and businesses to borrow money. As a result, spending declines and the economy contracts. The raising of a central bank's benchmark interest rate is one instance of contractionary monetary policy. Because of the higher borrowing costs for banks and individuals, there may be less demand for products and services as a result of businesses and consumers cutting back on their spending. This may aid in easing economic inflationary pressures.
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What happens to the market for loanable funds when interest rates increase? a. Planned investments increase. b. Planned investments is not effected c. There is a decrease in demand for loanable funds. d. There is a decrease in quantity demanded for loanable funds
When interest rates increase, there is a decrease in the demand for loanable funds. So,the correct answer is C.
What if the market for loanable funds when interest rates increas?When interest rates rise, the cost of borrowing increases, making it less attractive for individuals and businesses to take out loans.
This decrease in demand is reflected in a decrease in the quantity demanded for loanable funds. However, planned investments are not necessarily affected by interest rate changes.
While higher interest rates may make borrowing more expensive, it could also indicate a stronger economy, which could make investments more attractive.
Ultimately, the market for loanable funds is influenced by a range of factors beyond just interest rates, such as consumer confidence and overall economic conditions.
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Question 24 (6 points) Many economists caution against extremely active stabilization policy because of time lags in its use. Explain this rationale.
Economists caution against extremely active stabilization policies due to the time lags involved in their implementation. Time lags refer to the time it takes for policy changes to have an impact on the economy.
For example, it may take several months or even years for the effects of a change in interest rates to be fully felt in the economy. As a result, policymakers may not be able to respond quickly enough to changes in economic conditions, and may even exacerbate economic fluctuations if they try to adjust policy too quickly. In addition, the effectiveness of stabilization policies may be reduced if people anticipate future policy changes and adjust their behavior accordingly. This is known as the "rational expectations" problem, where people expect policymakers to act in a certain way and therefore adjust their behavior accordingly, which can mitigate the impact of policy changes.
Overall, the time lags involved in stabilization policy make it a challenging tool for policymakers to use effectively.
Many economists caution against extremely active stabilization policy because of time lags, which include recognition lag, decision lag, and implementation lag.
Time lags can cause policy measures to be applied at inappropriate times, potentially worsening economic fluctuations rather than stabilizing them. This rationale emphasizes the importance of carefully considering the timing and potential impacts of stabilization policies.
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1. Tell me one of your weaknesses and what you have done in thepast 6 months to improve it. 4 marks2.. What animal best describes you and why? 4 marks
1. One of my weaknesses is procrastination. To improve this, I have started using a planner to schedule my tasks and set deadlines for myself. I have also been practicing the Pomodoro Technique, where I work for 25 minutes straight and take a break for 5 minutes, to help me stay focused and productive.
2. If I had to choose an animal that best describes me, I would say it's a dolphin. Dolphins are intelligent, playful, and social creatures that enjoy interacting with others. Similarly, I consider myself to be a friendly and outgoing person who enjoys spending time with friends and family. I also value learning and growth, and like dolphins, I am always eager to explore new things and challenge myself to become better.
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Now assume that both firms are in the market and they make choices over the quantities that they choose to supply. Assume also that, in equilibrium, firm 1 supplies 1/4 of the market, while firm 2 supplies the remaining 3/4. Then, in equilibrium,
Question 3 options:
a. Firm 1 charges a larger (percentage) mark-up over its costs than firm 2. Firm 1's mark-up is larger than the mark-up it would charge if it was a monopoly.
b. Firm 1 charges a larger (percentage) mark-up over its costs than firm 2. Firm 1's mark-up is smaller than the mark-up it would charge if it was a monopoly.
c. Firm 1 and Firm 2 charge the same mark-up (in percent). This mark-up is smaller than the mark-up they would charge as monopolists.
d. Firm 1 and Firm 2 charge the same mark-up (in percent). This mark-up is larger than the mark-up they would charge as monopolists.
e. Firm 1 charges a smaller (percentage) mark-up over its costs than firm 2. However, Firm 1's mark-up is larger than the mark-up it would charge if it was a monopoly.
Firm 1 charges a smaller (percentage) mark-up over its costs than firm 2. Firm 1's mark-up is smaller than the mark-up it would charge if it was a monopoly.
Firm 1 charges a smaller (percentage) mark-up over its costs than firm 2. However, Firm 1's mark-up is smaller than the mark-up it would charge if it was a monopoly.
In this scenario, since firm 1 supplies only 1/4 of the market while firm 2 supplies 3/4, firm 1 has less market power than firm 2. Therefore, firm 1 has to charge a smaller mark-up over its costs than firm 2 to be able to compete.
However, both firms have to charge a smaller mark-up than they would charge as monopolists because they have to take into account the competition they face from each other. Firm 1's mark-up is smaller than what it would charge as a monopoly because it has to compete with firm 2, which supplies the majority of the market.
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Think of a title for your blog.Jot down the ideas for the blog.Plan a design for your blog.Write the opening content.
The title of my blog would be "Designing My Life". My ideas for the blog would include topics such as setting goals, creating a vision board, designing a morning routine, and incorporating mindfulness into daily life. In terms of the design for my blog, I would aim for a clean and modern aesthetic with a focus on typography and visual elements such as graphics and images.
The focus of this blog would be on personal development and growth, with an emphasis on design principles and strategies. My ideas for the blog would include topics such as setting goals, creating a vision board, designing a morning routine, and incorporating mindfulness into daily life. I would also explore how design principles such as color theory, typography, and layout can be applied to personal development.
In terms of the design for my blog, I would aim for a clean and modern aesthetic with a focus on typography and visual elements such as graphics and images. I would use a simple color palette with pops of bold color to draw attention to key elements.
For the opening content of my blog, I would introduce myself and explain the concept behind "Designing My Life". I would share my personal journey with self-improvement and how design principles have helped me along the way. I would also outline the topics that readers can expect to see on the blog and invite them to join me on this journey of designing a more fulfilling life.
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maha steaks sending email coupons for items that customers have purchased previously and mailing slick pictures of gourmet steaks and meal packages to addresses that have received orders in the past is an example of
Maha Steaks sending email coupons for items that customers have purchased previously and mailing slick pictures of gourmet steaks and meal packages to addresses that have received orders in the past is an example of targeted marketing.
Maha Steaks sending targeted email coupons to customers who have purchased items previously, along with mailing slick pictures of gourmet steaks and meal packages to addresses that have received orders in the past, is an example of a targeted marketing campaign aimed at encouraging repeat purchases and upselling to existing customers. By offering exclusive discounts and showcasing their high-quality products through visually appealing images, Maha Steaks is hoping to incentivize their past customers to make additional purchases and increase their overall revenue.
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m7: discussion - global and local resourcing 11 unread reply.11 reply. after you complete the readings, please answer the following questions on this discussion board. with the increasing economic uncertainty and problems of the 2008 global financial crisis, enterprises should focus their hr policy solely on downsizing and retrenchment, rather than activities such as recruitment and retention. comment on this statement recruitment and selection practices in these four asian economies seem to be different. what are the reasons for these differences?
Regarding the statement about HR policies during times of economic uncertainty, it is not advisable for enterprises to focus solely on downsizing and retrenchment. While it may be necessary to make cost-saving measures, completely cutting off recruitment and retention can negatively impact the organization's ability to bounce back when the economy stabilizes. As for the differences in recruitment and selection practices in Asian economies, there are several reasons for this like: -
Job seekers and employer approachLegal and regulatory frameworkEconomic Factor1. Job seekers and employers approach : - Firstly, cultural differences can play a role in how job seekers and employers approach the recruitment process. For example, in some Asian cultures, the emphasis may be on building personal relationships before discussing business matters.
2. Legal and regulatory frameworks: - Secondly, legal and regulatory frameworks may differ across different Asian economies, which can affect recruitment practices. For instance, some countries may have strict labor laws that require employers to follow specific recruitment procedures, such as giving priority to local job seekers.
3. Economic factors: - Lastly, economic factors, such as the level of competition in the job market and the availability of skilled labor, can also impact recruitment practices. In countries where there is a shortage of skilled workers, employers may need to offer higher salaries or better benefits to attract top talent.
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Harry received a scholarship of $2,000. He plans to invest this money for 5 years at 8%, compounded annually. If he accomplishes this, Harry will have an ending balance of: (Use time value tables or a financial calculator. Select the closest answer.)a. $2,160.b. $2,520.c. $2,608.d. $2,938.e. $3,162.
Harry will have an ending balance of $2,938 after 5 years of investing his scholarship at an 8% annual compounded rate.
The formula for compound interest is: [tex]A=P(1+r/n)^{(n*t)[/tex]
where A is the ending balance
P is the principal amount
r is the annual interest rate
n is the number of times the interest is compounded per year
t is the number of years.
In this case, Harry received a scholarship of $2,000, and plans to invest it for 5 years at 8% compounded annually. So, P= $2,000, r= 8%, n= 1 (compounded annually), and t= 5 years.
Using the formula, we get:
[tex]A= \$2,000(1+0.08/1)^{(1*5)[/tex]
A= $2,000(1.469)
A= $2,938
So, the closest answer is (d) $2,938. This means that Harry will have an ending balance of $2,938 after 5 years of investing his scholarship at an 8% annual compounded rate.
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first city bank pays 7 percent simple interest on its savings account balances, whereas second city bank pays 7 percent interest compounded annually. if you made a deposit of $12,000 in each bank, how much more money would you earn from your second city bank account at the end of 9 years? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Using the formula for simple interest, the interest earned on the account at First City Bank after 9 years would be: Interest = Principal x Rate x Time = $12,000 x 0.07 x 9 = $7,560.
So the balance at the end of 9 years would be:
Balance = Principal + Interest = $12,000 + $7,560 = $19,560
Using the formula for compound interest, the balance at the end of 9 years at Second City Bank would be:
Balance = Principal x (1 + Rate/Compounding Frequency)^(Compounding Frequency x Time)
= $12,000 x (1 + 0.07/1)^(1 x 9)
= $12,000 x 1.07^9
= $24,226.88
The interest earned would be:
Interest = Balance - Principal = $24,226.88 - $12,000 = $12,226.88
The difference in interest earned between the two accounts is:
$12,226.88 - $7,560 = $4,666.88
Therefore, you would earn $4,666.88 more from your Second City Bank account at the end of 9 years. Rounded to two decimal places, the answer is $4,666.88.
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which are desired outcomes when trying to reduce the ethics risks in the workplace? select all correct answers. review later reduced retaliation for reporting increased pressure for misconduct decreased reporting of misconduct a decrease in observed misconduct
Desired and correct outcomes when trying to reduce the ethics risks in the workplace:
Reduced retaliation for reporting
Increased reporting of misconduct
A decrease in observed misconduct
Ethics risk in the workplace refers to the potential for ethical misconduct or violations of ethical principles that can result in harm to individuals, organizations, and society. It arises from a range of factors such as inadequate training, unclear policies, lack of oversight, and pressure to meet targets or achieve goals. Organizations that are not proactive in addressing ethics risk may face legal, financial, and reputational damage, as well as reduced employee morale and productivity.
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This South American country has significant proven petroleum reserves. A) Colombia B) Venezuela C) Chile D) Argentina E) Uruguay.
The South American country with significant proven petroleum reserves is B) Venezuela.
Venezuela has one of the largest oil reserves in the world, which contributes significantly to its economy and global oil supply. The vast majority of Venezuela's oil reserves are heavy crude oil, which requires more processing to refine into usable products like gasoline and diesel. This heavy crude oil is typically sold to refineries in the United States and Asia, where it is processed into lighter, more valuable products.
Despite having such enormous reserves, Venezuela has faced significant challenges in recent years, including political instability, corruption, and economic sanctions.
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describe the four phases in the development of strategic partnering relationships that are characterized by increasing levels of involvement.
The four phases in the development of strategic partnering relationships, characterized by increasing levels of involvement, are Exploration, Formation, Operation, Evolution.
1. Exploration: In this phase, potential partners identify and assess each other's capabilities and interests. They may engage in preliminary discussions to determine if there is a potential fit for a strategic partnership.
2. Formation: Once potential partners see value in working together, they formally establish the partnership. This phase involves negotiating and agreeing upon objectives, roles, and responsibilities for each partner. A mutual commitment to the partnership is made, and necessary legal agreements are put in place.
3. Operation: In this phase, the strategic partners work together to achieve their shared objectives. They collaborate and coordinate their resources, skills, and expertise to implement the agreed-upon plans and processes. Communication and trust are essential during this stage to ensure the partnership runs smoothly.
4. Evolution: Over time, the strategic partnership may evolve and grow, requiring adaptations to the original plans and objectives. Partners may need to reassess and renegotiate their roles and responsibilities, address new challenges, or seize new opportunities. This phase ensures the partnership remains relevant and effective in achieving its goals.
These phases represent a typical progression of a strategic partnering relationship, fostering increased collaboration and involvement between the partners.
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Question 10 1 pts Automatic stabilizers have the effect of O reducing inflationary and recessionary gaps. inflation. eliminating all recessions. O increasing the long-run supply curve.
Option (a), The effect of automatic stabilizers is to close inflationary and deflationary gaps.
What harm do automatic stabilizers create during a recession?In the event that people lose their jobs or have business failures, automatic stabilizers help them maintain their level of living, reducing the negative consequences of recessions. Additionally, by accelerating aggregate demand when it lags, they provide a critical macroeconomic role that helps to reduce and lessen the severity of downturns.
How do automated stabilizers affect the business cycle?The business cycle is slowed down by automatic stabilizers; any changes to autonomous spending would result in a smaller inflationary or deflationary gap. As a result, discretionary fiscal policy would not be as necessary, which would also diminish its influence.
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The complete question is:
Automatic stabilizers have the effect of
reducing inflationary and recessionary gaps. inflation. eliminating all recessions. increasing the long-run supply curve.Which is of these is one of the four steps in evaluating a potential acquisition?
a. Bidding strategy
b. Corporate culture
c. Financial position
d. Management capabilities
One of these four steps to evaluate potential acquisition is management capacity. Here option D is the correct answer.
One of the four steps in evaluating a potential acquisition is assessing the management capabilities of the target company. Management capabilities refer to the ability of the target company to effectively manage its operations, resources, and employees, as well as to develop and implement strategies to achieve its goals.
Evaluating management capabilities involves analyzing the target company's leadership team, organizational structure, decision-making processes, and performance history. This step is important because the success of an acquisition often depends on the ability of the target company's management to integrate with the acquiring company and effectively lead the combined organization.
Some specific factors that may be considered when evaluating management capabilities include the experience and qualifications of the target company's executives, their leadership style and communication skills, the effectiveness of their decision-making processes, and their track record of driving growth and profitability.
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o 6.9 Avoid Empty Phrases (LO 6.1) Remove empty phrases and shorten these sentences. 1. It goes without saying that many of you want financial aid. 2. It can't be stated enough how much these extra skills can enhance your qualifications to be a supply chain manager. 06.11 Use Action Verbs When Possible (LO 6.1) Rewrite these sentences to include action verbs. 1. The Supply Chain Management Club (SCMC) is extremely practical with many career options. 2. These events create a big impact on your future career by giving you the opportunities to gain exposure to real-world professionals. 06.12 Use Active Voice (LO 6.1) Rewrite these sentences to use active voice instead of passive. 1. Plant tours and speeches by supply chain professionals are constantly being scheduled for SCMC club members to attend. 2. A speech is always given by an important industry professional.
For the first task, here are the revised sentences:
1. Many of you want financial aid.
2. These extra skills enhance your qualifications to be a supply chain manager.
For the second task, here are the revised sentences:
1. The Supply Chain Management Club (SCMC) offers many career options and provides practical experience.
2. Attending these events gives you the opportunity to meet real-world professionals and gain valuable exposure for your future career.
For the third task, here are the revised sentences:
1. SCMC club members can attend scheduled plant tours and speeches by supply chain professionals.
2. An important industry professional always gives a speech.
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What provides a basis for identification of current or potential problems to support later claims or new procurements?
Risk assessment offers a foundation for identifying present or possible issues to back up future claims or new purchases.
A project management technique called the risk urgency assessment evaluates and establishes the timing of actions that must be taken earlier than the other risk items. This specific kind of risk assessment serves the objective of identifying the immediate hazards.
A deadline by which the risk may manifest itself is what is meant by urgency. Even if a tiny amount of harm might happen in the next week, it might end up being more important than a considerably larger amount of damage that could happen in the coming months.
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The price of wholesale milk dropped by 30.3% when thePennsylvania Milk Marketing Board lowered the regulated price. Theprice to consumers fell by substantially less than 30.3% inPhiladelphia. Why?
The price of wholesale milk dropped by 30.3% due to the Pennsylvania Milk Marketing Board's decision to lower the regulated price.
The reason why the price to consumers in Philadelphia fell by substantially less than the 30.3% drop in wholesale milk price is that there are additional costs that go into bringing milk from wholesale to retail. This includes transportation, processing, and packaging costs, as well as other expenses associated with running a retail business. Additionally, retailers may not have immediately passed on the full savings to consumers, choosing instead to maintain profit margins or gradually adjust prices over time as new content loaded their inventory.
However, the price to consumers in Philadelphia fell by less than 30.3% because factors like transportation costs, retail margins, and taxes, which are not directly tied to the wholesale price, can influence the final price that consumers pay.
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Susan launched a brownie company and based on her market research she knew that she could sell three brownies for five dollars, but she decided to start seeing the brownies at a ________ in order to get customers to try the brownies
Susan launched a brownie company and based on her market research she knew that she could sell three brownies for five dollars, but she decided to start seeing the brownies at a Introductory Price in order to get customers to try the brownies
By selling her brownies at a lower price initially, she is essentially taking a short-term loss in order to establish her brand and gain long-term customers. This strategy can be effective for new businesses or businesses looking to expand their customer base, as it allows them to create buzz and interest around their product. Once customers have tried the brownies and become loyal to the brand, Susan can then adjust her pricing strategy accordingly
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Imagine the following production function
Y= AK^α L^β α= 1 - β
This production function has
a. Increasing returns to scale
b. Decreasing returns to scale
c. Constant returns to scale
d. We cannot say without values
This production function exhibits option c. Constant returns to scale as the given function can be used as property.
We are given the production function:
Y = AK^α L^β, where α = 1 - β
To determine the returns to scale, we need to check how the output (Y) changes when we scale both input factors (K and L) by a constant factor, say λ.
Let's multiply both K and L by λ:
Y' = A(λK)^α (λL)^β
Now we can use the property (λK)^α = λ^α * K^α and (λL)^β = λ^β * L^β:
Y' = A * λ^α * K^α * λ^β * L^β
Since α = 1 - β, we can rewrite this expression as:
Y' = A * λ^(1 - β) * K^α * λ^β * L^β
Now, we can combine the λ terms: λ^(1 - β) * λ^β = λ^(1 - β + β) = λ^1 = λ
Y' = A * λ * K^α * L^β
Since the new output (Y') is equal to the initial output (Y) multiplied by λ, we can conclude that this production function exhibits: c. Constant returns to scale.
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The balanced scorecard approach involves considering all of the following, except:
a. The customer perspective
b. Employee satisfaction
c. The efficiency of internal business processes
d. An innovation and learning perspective
The balanced scorecard approach involves considering all of the following, except: b. Employee satisfaction.
Employee satisfaction refers to the level of contentment and fulfillment that employees feel in their jobs and with their work environment. It is an important aspect of organizational culture and can have a significant impact on employee engagement, retention, and productivity. When employees are satisfied, they are more likely to feel motivated, committed, and loyal to their organization. They are also more likely to be productive and to provide high-quality work. In contrast, when employees are dissatisfied, they may be less motivated, less committed, and less productive, and may even leave the organization. There are many factors that can contribute to employee satisfaction, including job security, compensation and benefits, opportunities for advancement and growth, work-life balance, job autonomy, and a positive work environment.
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A country's economy tends to grow faster over time if A. it spends less on government services (such as education) and more on consumer goods.B. the country has more investment spending. C. it imposes tariffs on foreign imports, so it doesn't rely so much on foreign trade. D. the productivity of its workers does not change.
A country's economy typically grows faster over time if it experiences increased investment spending (option B).
What's investment spending?Investment spending involves businesses putting money into new capital resources like machinery, technology, and infrastructure, which can lead to improved productivity, job creation, and ultimately, economic growth.
Option A, reducing spending on government services like education, may not promote long-term growth as a well-educated workforce is crucial for productivity and innovation.
Option C, imposing tariffs on imports, can hinder growth by discouraging trade and reducing access to resources and technologies.
Lastly, option D, unchanging worker productivity, is unlikely to boost economic growth as increased productivity is essential for improving living standards and driving economic progress.
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Decsribe two features of financial markets and provide the economicarguments (based on moral hazard or adverse selection) that explainwhy financial markets have the features your described.
The financial intermediaries can help to mitigate some of these challenges, they can also exacerbate them if they are not able to accurately assess the risks of their investments.
How we can financial markets have the features?Two features of financial markets are asymmetric information and the presence of intermediaries.
Asymmetric information refers to a situation where one party in a transaction has more information than the other party. In financial markets, this often occurs when insiders have access to information that is not available to outsiders.
For example, company executives may have information about the true value of their company that is not known to the general public. This information asymmetry can lead to moral hazard, where insiders may take actions that benefit themselves at the expense of outside investors.
The presence of intermediaries refers to the role of financial institutions such as banks and investment firms in connecting borrowers and lenders.
These intermediaries have expertise and resources that allow them to evaluate the creditworthiness of borrowers and the potential returns of investments.
However, the presence of intermediaries also creates opportunities for adverse selection, where borrowers with the highest risk of default are the most likely to seek out loans, and investors with the highest risk tolerance are the most likely to seek out high-return investments.
This can lead to a situation where intermediaries are unable to accurately assess the risks of their investments, which can ultimately harm investors.
Overall, these features of financial markets are explained by the challenges of information asymmetry and adverse selection.
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Identify intra-industrial trade flows among the OECD countriesand other groups!(also where I can find this information)
To identify intra-industrial trade flows among the OECD countries and other groups, you can refer to databases and reports provided by organizations such as the OECD (Organization for Economic Co-operation and Development), the World Bank, and the International Monetary Fund (IMF).
Intra-industrial trade refers to the exchange of similar goods or services within the same industry between countries, this type of trade is common among developed nations, particularly within the OECD. OECD countries engage in intra-industrial trade flows with each other and with other nations to take advantage of comparative advantages, economies of scale, and specialization. The high level of economic development and similar industry structures among OECD countries facilitate these trade flows. Sectors such as automotive, technology, and pharmaceuticals are key examples where intra-industrial trade is prominent among these nations.
To find specific data on intra-industrial trade flows, you can visit the OECD's official website (www.oecd.org), where they publish detailed reports and statistics on international trade. Additionally, the World Bank's World Integrated Trade Solution (WITS) platform (wits.worldbank.org) offers comprehensive trade data, including information on intra-industrial trade. These sources can help you understand the patterns and trends in intra-industrial trade among OECD countries and other groups. To identify intra-industrial trade flows among the OECD countries and other groups, you can refer to databases and reports provided by organizations such as the OECD and IMF.
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