Early in the fourteenth century, a travelling trader would have likely headed towards China while beginning out on his expedition.
Through trade restrictions, mercantilism was a type of economic nationalism that aimed to boost a country's power and wealth. Its objective was to use exports to augment rather than decrease a state's gold and silver supplies. Additionally, it aimed to promote domestic employment.
At the period, Europe's dominant economic system was mercantilism. It is the term used to describe the economic philosophy that emerged in Europe and associated power with money. Governments made an effort to export more than they imported in order to improve their trade balance and increase their income.
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Lako Systems is committed to delivering training to its employees when and where they need it to do their jobs. Lako Systems has embraced
a. cross-training.
b. apprenticeship training.
c. just-in-time training.
d. on-the-job training
Correct reply is D.On-the-job training
This is a way for personnel to analyze a job via observing and performing job tasks. A new worker is commonly paired with an experienced team member or leader.
Initially, they study how their colleague accomplishes tasks all through the workday.
What is the on-the-job education method?On the job coaching is a structure of coaching provided at the workplace. During the training, employees are familiarized with the working environment they will grow to be part of. Employees also get a hands-on experience the usage of machinery, equipment, tools, materials, etc.
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https://brainly.com/question/16863840#SPJ4What does it mean when a company offers a defined contribution pension?
A defined contribution plan is a type of corporate retirement plan in which an employee contributes money and the employer typically matches it.
In the United States, defined contribution plans are the most common type of employer-sponsored benefit plan. To take benefit of the plan, you may need to enroll yourself.
There are some significant variations between defined contribution plans and defined benefit plans. Both you and your employer can contribute to your individual account under a defined contribution plan.
Some plans may require you to wait up to a year before enrolling. There may also be a waiting period before any contributions made to the account by your company become yours to retain.
In most cases, only your company contributes to a defined benefit plan, and you receive a monthly payout in retirement. Traditional pensions and cash-balance plans are the two forms of defined benefit plans.
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which of the following are among the primary purposes for sending business messages? check all that apply. to entertain to inform to promote goodwill to persuade to build your network
The primary purposes for sending business messages, and they are aimed at keeping recipients informed, promoting goodwill, persuading them to take action, and building relationships and networks.
To inform: One of the most common purposes of business messages is to convey information. The information may be related to updates on products, services, or operations, or it may be more technical in nature, such as financial reports or technical specifications.
To promote goodwill: Goodwill is an intangible asset that a company builds by having a positive reputation. Business messages can help promote goodwill by demonstrating the company's commitment to its customers, employees, or partners.
To persuade: Another common purpose of business messages is to convince or motivate the recipient to take some action, such as purchasing a product, attending an event, or investing in a project. .
To build your network: Networking is an important aspect of business, and business messages can help build relationships with customers, partners, and other stakeholders.
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which of the following are among the primary purposes for sending business messages? check all that apply.
1. to entertain
2. to inform
3. to promote goodwill
4. to persuade
5. to build your network
which of the following events can shift the level of demand (demand is the relationship between price and quantity demanded)?
The event which can shift the level of demand (demand is the relationship between price and quantity demanded) is option C. Population grows in a particular market area.
The demand in a market will increase as the population grows, shifting the demand curve to the right as a result. This is also known as Level of Demand. The level of demand asserts that, providing all other demand-affecting variables stay constant, there is an inverse relationship between a commodity's price and the amount sought.
It indicates that as an item's price decreases, demand for the good increases, and when a good's price increases, demand decreases. However, the level of demand only applies when all other variables, such as buyer income, the cost of comparable items, their likes and preferences, etc., stay unchanged.
The question is incomplete, find the complete question here
which of the following events can shift the level of demand (demand is the relationship between price and quantity demanded)?
A. Price of the good changes.
B. Supply increases or decreases.
C. Population grows in a particular market area.
D. Population declines in a particular market area.
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Which of the following are part of the fifth and final stage for crafting and executing a company's strategy?-adjusting the mission statement-beginning to define core values-evaluating performance-monitoring developments
A company's strategy is created and implemented in five stages, the final one of which is (B) monitoring progress, (C) evaluating performance, and (D) amending the mission statement.
What is the company's strategy?A long-term plan you develop for your business to get to the desirable, future state you picture is known as a strategy.
A strategy encompasses your company's aims and objectives, the kinds of goods and services you intend to develop, the target market for your sales, and the customers you wish to attract.
A plan outlining how a corporation will accomplish its objectives is known as a business strategy.
Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.
The fifth and last stage of developing and putting into action a company's strategy includes (B) monitoring development, (C) assessing performance, and (D) revising the mission statement.
Therefore, a company's strategy is created and implemented in five stages, the final one of which is (B) monitoring progress, (C) evaluating performance, and (D) amending the mission statement.
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Correct question:
Which of the following are part of the fifth and final stage for crafting and executing a company's strategy?
A- beginning to define core values
B- monitoring developments
C- evaluating performance
D- adjusting the mission statement
Fill The blank? indirect costs can be assigned to products or services using blank
"Indirect costs can be assigned to products or services using the activity rate method."
The activity rate method is a method used to assign indirect costs to products or services. Indirect costs are expenses that cannot be directly tied to the production of a specific product or service. These costs include overhead expenses such as rent, utilities, office supplies, and indirect labor.
The activity rate method determines the amount of indirect costs associated with a specific activity, such as machine setup or order processing, and assigns that cost to each unit produced or service provided. The activity rate is calculated by dividing the total indirect costs by the number of units of the activity.
This method provides a more accurate picture of the true cost of each product or service, which can help organizations make better pricing and production decisions.
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With price elasticity of supply, the supply curve slopes upward because of the positive relationship between which of the following?
In most cases, the furnish curve is drawn as a slope rising upward from left to right, on the grounds that product rate and extent provided are directly associated (i.e., as the fee of a commodity increases in the market, the amount provided increases).
What will be the rate elasticity of provide if the furnish curve is a positively slope straight line?If a straight line upward sloping provide curve shoots from the origin, elasticity of grant is continually equal to one.
The provide curve slopes upward due to the fact as a product's rate rises, the business would have a tendency to be more willing to make it. Also, on account that corporations are efficient and would exhaust the cheapest production inputs first, the price of manufacturing tends to upward thrust as output increases.
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https://brainly.com/question/11717727#SPJ4While there are many routes to competitive advantage, they all involveA. building a brand name image that buyers trust.B. delivering superior value to a broad or narrow market of buyers in ways rivals cannot readily match.C. achieving lower costs than rivals and becoming the industry's sales and market share leader.D. finding effective and efficient ways to strengthen the company's competitive assets and to reduce its competitive liabilities.
While there are many routes to competitive advantage, they all involve B) Delivering superior value to a broad or narrow market of buyers in ways rivals cannot readily match.
This is a key factor in achieving competitive advantage because a company that is able to deliver better value to its customers will be more attractive to them and will be able to differentiate itself from its competitors. By delivering superior value, a company can build a loyal customer base and increase its market share.
Delivering superior value can be achieved through a combination of factors such as offering unique products, providing excellent customer service, delivering high-quality products, and making innovative use of technology.
By focusing on delivering superior value, a company can create a competitive advantage that will help it to grow and succeed in its market.
In conclusion, delivering superior value to a broad or narrow market of buyers is a crucial factor in achieving a competitive advantage. By focusing on this objective, a company can differentiate itself from its competitors, build a loyal customer base, and achieve long-term success in its market.
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TRUE/FALSE. Many countries hope to improve trade by engaging in Regional Trade Agreements (RTAs), the best-known example of an RTA is the European Union (EU).
TRUE, Many countries hope to improve trade by engaging in Regional Trade Agreements (RTAs), the best-known example of an RTA is the European Union (EU).
Regional trade agreements include the European Union (EU), the Asia-Pacific Economic Cooperation (APEC), the North American Free Trade Agreement (NAFTA), and the Central American and Dominican Republic Free Trade Agreement (CAFTA-DR). Regional Trade Agreement Types Six types of regional trade agreements exist. A regional trade agreement (RTA) is a legal document signed by two or more countries that lays out the terms of all parties' trade relations. The Central American-Dominican Republic Free Trade Agreement (CAFTA-DR), the North American Free Trade Agreement (NAFTA), and the European Union are examples of regional trade accords.These correspond to 577 notifications from WTO members, counting goods, services and accessions separately.
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Which of the following could be a logical or realistic accounting period for a business that is creating financial statements?-one year-six months-one month
One-Month, Six-Months, and One-Year could be a logical or realistic accounting periods for a business that is creating financial statements.
Financial statements are documents that describe a company's operations and financial performance. Government organizations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investing purposes.
The balance sheet, income statement, statement of cash flow, and statement of changes in equity are the four basic financial statements for for-profit entities. A similar but distinct set of financial statements is used by nonprofit organizations. Investors, market analysts, and creditors assess a company's financial status and profit potential using its financial statements.
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You are a first line desktop support technician. A user reports that he cannot access several network files. After some investigation, you determine that the problem is with a network server.
Which of the following actions should be performed NEXT?
As a first line desktop support technician, the next action that needs to be performed is the determination of the fact if further escalation is needed in the case where a user reports that he cannot access several network files. After some investigation, you determine that the problem is with a network server.
In order to save all the previous work, Good documentation is required, which will save time and money when debugging difficulties. By keeping good records, one may save time and money while troubleshooting.
Good documentation practices are those procedures that, both collectively and individually, guarantee that all written or digital records are authentic, timely documented, secure, traceable, readable, permanent, and correct.
Thus, option(a) will be correct answer.
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You are a first line desktop support technician. A user reports that he cannot access several network files. After some investigation, you determine that the problem is with a network server.
Which of the following actions should be performed NEXT?
a) Create an action plan.
b) Create an strategy.
c) both a and b
d) None
find the quadratic polynomial that passes through the points (1.4, 6), (2.1, 3), (3.9, 4). use python.
the quadratic polynomial that passes through the points (1.4, 6), (2.1, 3), (3.9, 4) is y = 3x² - x + 2
let the quadratic function be y = ax² + bx + c
as it passes via (1.4,6) , (2.1,3) and (3.9,4) we have
a(1.4)² + b×1.4 + c = 6 ........ (1)
a(2.1)² + b×2.1 +c = 3 .........(2)
a(3.9)² + b×3.9 + c = 4 .........(3)
Adding (1) and (2) gives us 2a+2c=10
Multiplying (1) by 2 and adding it to (3), we get
2a+2b+2c+4a−2b+c=2×4+16 or 6a+3c=24
i.e. 2a+c=8
Subtracting (4) from (5) a=3 and hence c=2
and function is y=3x2-x+2
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Given the following, what are the machine fractions for machines A, B, and C to produce parts X and Y? Machine A Machine B Machine C Part X standard time 0.15 hr 0.25 hr 0.1 hr Part Y standard time 0.10 hr 0.10 hr 0.15 hr Part X defect estimate 5% 4% 3% Part Y defect estimate 5% 4% 3% Historical efficiency 85% 90% 95% Reliability factor 95% 90% 85% Equipment availability 1600 hr/year 1600 hr/year 1600 hr/year Product X routing is machine A, then B, and then C; 100,000 parts are to be produced per year. Part Y routing is machine B, then A, and then C; 200,000 parts are to be produced per year. Setup times for parts X and Y are 20 minutes and 40 minutes, respectively.
The machine fraction for machine A is 30, machine B is 38 and machine C is 32 with the given production inputs.
What are the four inputs of production?Resources that are used to produce commodities and services are known as factors of production. They constitute the foundation of the economy. In economics, inputs also known as resources or factors of production are the things that are used in the production process to create output, which includes commodities and services. According to a connection known as the production function, the quantity of output depends on how much of the various inputs are used.
Given:
[tex]I_{XC}[/tex] = [tex]O_{x}[/tex] [tex]/ 1 - d_{XC}[/tex]
Here, production input in operation part X of machine C is [tex]I_{XC}[/tex], the desired output in operation part X is [tex]O_{x}[/tex] , percentage of defective item in operation part X of machine C is [tex]d_{XC}[/tex].
Substitute 100,000 units for [tex]O_{x}[/tex] and 0.03 for [tex]d_{XC}[/tex] to find [tex]I_{XC}[/tex].
[tex]I_{XC}[/tex] - 1,00,000 / (1-0.03)
= 100,000/0.97
= 103,092.8
= 103,093 units
The production input of machine C of part X in the production process is 103,093 units.
The production input of machine B of part X in the production process is 107,388 units.
The production input of machine A of part X in the production process is 113,040 units.
The production input of machine C of part Y in the production process is 206,186 units.
The production input of machine A of part Y in the production process is 217,037unit
The production input of machine B of part Y in the production process is 226,081 units.
Hence, the number of machines required per operation.
F = SQ/ EHR
[tex]F_{A}[/tex]= (0.15* 113,040)/ (0.85*1,600*0.95) + (0.1*217,037)/(0.85*1,600*0.95)+(20+40)/(1,600 * 60)
= 13.123 + 16.798 + 0.000625
= 29.92 = 30 machines
Hence, machine fraction for machine A is 30
[tex]F_{B}[/tex] = (0.25* 107,388)/ (0.9*1,600*0.959) +(0.1*226,081)/(0.9*1,600*0.9)+(20+40)/(1,600 * 60)
= 120.715 + 17.444 + 0.000625
= 38.16 = 38 machines
Hence, machine fraction for machine B is 38
[tex]F_{C}[/tex] = (0.1* 103,093)/ (0.955*1,600*0.85) (0.15*206,186)/(0.95*1,600*0.85)+(20+40)/(1,600 * 60)
= 7.954 + 23.864 + 0.000625
= 31.819 = 32 machines
Hence, machine fraction for machine C is 32
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what is the output of the following piece of code if the user enters two lines containing 3 and 6 respectively?
333333 is the output of these following snippet if the user enters two lines containing 3 and 6 respectively.
y=int(input())
x=input
print(x*y)
What is CodingCoding is an activity carried out by a programmer to write a series of programs in a certain programming language which aims to solve a certain problem.
The program code written by the programmer will later be understood by the machine. There are so many program codes, all programming languages certainly have certain functions, each type of coding is certainly made specifically to carry out the functions of a program. Many types of programming languages are used today, starting from the basic ones such as C++, Java, Python, PHP and many more.
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often _________ involves simplifying, shrinking, or downsizing an organization's operations to lower operating costs
The correct answer to the question above is "restructuring".
Restructuring is simplifying, downsizing, or shrinking an organization's operations to lower operating costs. An organizational structure is a change in a company's business structure, model, or process. Restructuring can involve reorganization of the company hierarchy, change of workforce, or introduction of new processes in the organization. usually, a company would do the restructuring when they face financial threats or pressures on the company. Restructuring has the purpose to save the business to come to an end or going bankrupt.
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FILL IN THE BLANK. In the RENTAL CAR MINI CASE, Rosetta exercises ________ when it stocks more convertible cars in California than in New York.
Option (b), When stocking more convertible vehicles in California than in New York, Rosetta uses geographic segmentation in the RENTAL CAR MINI CASE.
What does regional consumer market segmentation entail?The activity of segmenting a market based on geography is known as geographic segmentation. A market can be divided geographically into regions like cities, counties, states, countries, and other international places. Regions that are urban, suburban, or rural can all be categorized as marketplaces.
Why are there different parts of space?Geographic segmentation may help small enterprises who are operating on a tight budget to run more efficiently. Small firms can concentrate their marketing efforts particularly towards their selected area of interest by using the data obtained through geographic segmentation, which helps them save money.
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The correct question is:
RENTAL CAR MINI CASE: Rosetta Car Rental operates car rental lots at airports nationwide. It specifically targets vacationers and advertises in travel magazines and through travel web sites with a campaign that emphasizes its quality customer service and well-maintained cars. Rosetta stocks its lots based on a number of factors, including climate and the type of activities it expects its renters to undertake. For example, Rosetta stocks more convertible cars in its warm California lots than in New York. Its Colorado lots stock a large number of station wagons, vans, and SUVs to accommodate skiers and snow-boarders and all their gear.
69) In the RENTAL CAR MINI CASE, Rosetta exercises ________ when it stocks more convertible cars in California than in New York.
A) demographic segmentation
B) geographic segmentation
C) sociocultural segmentation
D) psychographic segmentation
E) usage-situation segmentation
The four benefits of storing data in a relational database are completeness of data, ___________ data, business rules are enforced, and communication and integration of business processes.
The four benefits of storing data in a relational database are completeness of data, consistency of data, business rules are enforced, and communication and integration of business processes.
Relational databases are the go-to choice for many organizations due to their robust capabilities. Storing data in a relational database offers many advantages, including completeness of data, consistency of data, the enforcement of business rules, and the communication and integration of business processes.
By utilizing a relational database, organizations can ensure their data is comprehensive and consistent, business rules are followed, and the communication and integration of processes are streamlined.
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consider a 2000 deposit earning 8 percent interest per yuear for 5 years how much is interest earned on interest
$1120 is the interest earned by depositing $2000 at 8% of interest per year for 5 years as per the given data.
The Future Value is the total investment value at the end of the investment period compounded at a specific rate.
The Future value is calculated by using the formula,
Future Value= Principal + compounded interest
Future Value = P × (1+r)^n
r = rate of interest = 8%
n = number of years = 5
Future Value = 2000 * (1.08 ^ (7))
Future Value = $3426
The interest earned is calculated by using the formula,
Interest earned (compound interest) = FV - Principal amount
Interest earned = 3426 - 2000
Interest earned = $1426
Without interest earning interest.
The amount of interest earned will be calculated on the principal only
Interest earned = $2000* 8% * 7
Interest earned = $1120
Hence, we can conclude that Interest earned is $1120 as per the data.
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In the context of job analysis methods, which of the following is a difference between the observation method and the interview method? Question 26 Not yet answered Marked out of 1.00 Remove flag Select one: a. The observation method is used to collect data about many jobs, while the interview method can only be used to collect data about a single job. b. The observation method is best suited for repetitive jobs with short cycle times, while the interview method is best suited for technical or complicated jobs C. The observation method is used to analyze jobs with long work hours, while the interview method is used to analyze jobs with short work hours. d. The observation method requires frequent communication between employees and managers, while the interview method requires minimal communication between employees and managers.
One of the differences between the observation method and the interview method is: the observation method is best suited for repetitive jobs with short cycle times, while the interview method is best suited for technical or complicated jobs (option b)
In observation method,, a job analyst observes an employee and notes all of his or her completed and uncompleted tasks, fulfilled and unfulfilled responsibilities and duties, methods, strategies, and talents utilized to do various duties, and mental or emotional aptitude to deal with problems and hazards.
In interview method, an employee is interviewed in this manner to determine his or her own working patterns, challenges encountered, utilization of specific abilities and procedures while executing their job, and insecurities and fears regarding their careers.
This strategy allows interviewers to learn what an employee feels about his or her job and the obligations that come with it.
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The task of top executives of a U.S. lodging chain when the company faces major disruptions in its environment, for example, a fall-off in patronage due to a global pandemic and the economic repercussions due to widespread unemployment, is to not only raise questions about the appropriateness of its direction and strategy, but also to
a. decide whether to try to fix the problems of poor strategy execution or simply shift to a strategy that is easier to execute correctly.
b. install new customer relationship management (CRM) systems and invest in robotics and automation that together will reduce the need for company personnel to perform essential activities to sustain operations.
c. figure out whether to arrive at decisions quickly or slowly in choosing among the various alternative adjustments.
d. ferret out the causes of disruptive changes and decide both when and what adjustments are needed for improved performance and operating excellence.
e. decide how to identify the problems that need fixing.
The top executives of a U.S. lodging chain must identify the causes of disruptive changes and decide both when and what adjustments are needed in order to maintain operational excellence. The answer is D.
This requires them to ferret out the causes of the disruptive changes, assess their impact, and decide on the best course of action to adjust the strategy and operations of the company. Other tasks such as installing CRM systems, investing in automation, and figuring out the pace of decision-making are necessary to ensure proper strategy execution, but they are secondary to the primary goal of identifying and resolving the root causes of the disruption.
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identify the factors that are necessary for a firm to effectively coordinate all of the inputs from the various functional contributors to innovation processes located across its supply chain.
The factors important for supply chain management are-
A firm must have operational competencies in the areas of idea development and project selection.
High level of importance must be given to project management and organizational learning.
A firm must have a strong overarching innovation strategy.
Consumables purchased during a reporting period are included in supplies expense. This might rank among the higher corporate costs, depending on the type of business. The two categories of supplies that can be charged as expenses are listed below.
These supplies consist of janitorial and maintenance supplies as well as items that are considered incidental to the manufacturing process. They are typically recorded as an expense as incurred, in which case the supplies expense account appears on the income statement under the cost of goods sold heading.
In accordance with the accrual basis of accounting, some companies record unused factory supplies in an asset account, such as Supplies on Hand, and then charge items to expenses as they are used; however, this is only economically feasible.
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Identify the factors that are necessary for a firm to effectively coordinate all of the inputs from the various functional contributors to innovation processes located across its supply chain.
A firm must have operational competencies in the areas of idea development and project selection.
High level of importance must be given to project management and organizational learning.
A firm must have a strong overarching innovation strategy.
None of the above
a subsidiary recognizes no gain or loss on a distribution to a parent corporation owning the majority of the subsidiary's stock in a complete liquidation.
A parent corporation that holds at least 80% of the shares of a subsidiary does not record a gain or loss when it receives dividends following the subsidiary's total liquidation.
The basis in the assets dispersed by the subsidiary, as well as any other tax features, are typically inherited by the parent firm.
When shareholders get dividends during a complete liquidation, they record gains or losses as though they had been fully compensated for their shares. The fair market value of the asset serves as the shareholder's basis in any property obtained in the whole liquidation.
When shareholders get dividends during a complete liquidation, they record gains or losses as though they had been fully compensated for their shares.
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In order to cope with the difficulties in coordinating the production of goods and services, central planners in the former Soviet Union took which of the following actions?
∙ Enhanced product variety
∙ Removed bonus pay from workers
∙ Offered bonus pay to workers
∙ Suppressed product variety
The correct option is B. Central planners in the former Soviet Union took Removed bonus pay from workers.
Production is the technique of mixing diverse inputs, each cloth (which includes metallic, wood, glass, or plastics) and immaterial (consisting of plans, or expertise) as a way to create output. ideally, this output may be a great carrier that has value and contributes to the software of individuals.
Basically, it just way a manufacturing manner or the cease end result of a manufacturing procedure. Economists call companies that produce goods manufacturers. those agencies create merchandise to sell to their customers. as example, an apparel organization produces apparel for purchasers. manufacturing is the method of producing goods and services to fulfill human wishes. The product is the result of the system. The four factors of production are land, capital, labor, and employer.
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An effective, logical business message includes which of the following characteristics?
a) Supported facts
b) Research-backed ideas
c) Applicability of research
d) Broad Generalizations
A logical business message should have research-backed ideas, the applicability of research, and supported facts. Options A, B, and C.
Effective communications have a clear objective to inform, persuade, or engage the target audience. The audience's knowledge level, potential responses, and relationship to the composer should all be taken into consideration while crafting the message.
It is frequently advised to limit messages to one main subject unless there are numerous issues that need to be addressed at once. When communicating in business, having a clear goal in mind will also aid in selecting the most effective route for spreading the message.
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Read each of the following statements, and indicate whether each statement is true or false. Statement True False 1. Firms raise capital from retained earnings only when they cannot issue new common stock due to market conditions outside of their control. 2. In general, firms are reluctant to issue new common stock to raise additional financial capital due to the magnitude of the flotation costs and the negative signals sent to the marketplace. The flotation costs associated with the sale of debt securities are greater than those associated with new common stock issues. Consider the case of Alpha Moose Transporters: Alpha Moose Transporters has a current stock price of $42 per share, and is expected to pay a per-share dividend of $4.50 at the end of next year. The company's earnings and dividends growth rate are expected to grow at a constant rate of 4.20% into the foreseeable future. If Sunny Day expects to incur flotation costs of 3.70% of the value of its newly-raised equity funds, then the flotation-adjusted (net) cost of its new common stock (rounded to two decimal places) should be : a) 15.33% b) 13.03% c) 18.40% d) 13.80%
The first statement is false. The second statement is true. The new common stock is 13.03
How to determine the solutionsStatement 1: False. Firms can raise capital from retained earnings as well as from issuing new common stock, regardless of market conditions.
Statement 2: True. In general, firms are reluctant to issue new common stock due to the magnitude of the flotation costs and the negative signals sent to the marketplace.
Flotation-adjusted cost of new common stock (rounded to two decimal places): b) 13.03%.
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If there is an inflationary gap, which accurately describes the adjustment to long-run equilibrium?Nominal wages fall, and the aggregate demand curve shifts left until the economy reaches long-run equilibrium.
Nominal wages rise, and the aggregate demand curve shifts right until the economy reaches long-run equilibrium.
Nominal wages fall, and the short-run aggregate supply curve shifts right until the economy reaches long-run equilibrium.
Nominal wages rise, and the short-run aggregate supply curve shifts left until the economy reaches long-run equilibrium.
If there is an inflationary gap, d) nominal wages rise, and the short-run aggregate supply curve shifts left until the economy reaches long-run equilibrium.
An inflationary gap occurs when demand for products and services exceeds supply due to factors such as greater overall employment, increased trade activity, or increased government spending.
In this context, real GDP may surpass potential GDP, resulting in an inflationary gap. The inflationary gap is so termed because a relative increase in real GDP causes an economy's consumption to rise, causing prices to rise in the long run.
When potential GDP exceeds real GDP, the difference is referred to as a deflationary gap. The recessionary gap, which reflects an economy functioning below its full-employment equilibrium, is the second type of production gap.
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Correct question:
If there is an inflationary gap, which accurately describes the adjustment to long-run equilibrium?
a) Nominal wages fall, and the aggregate demand curve shifts left until the economy reaches long-run equilibrium.
b) Nominal wages rise, and the aggregate demand curve shifts right until the economy reaches long-run equilibrium.
c) Nominal wages fall, and the short-run aggregate supply curve shifts right until the economy reaches long-run equilibrium.
d) Nominal wages rise, and the short-run aggregate supply curve shifts left until the economy reaches long-run equilibrium.
TRUE/FALSE. When two countries choose to partake in international trade, it is a mutually beneficial activity for both countries.
The given statement that when two countries choose to partake in international trade, it is a mutually beneficial activity for both countries is true.
How does trade between countries benefit both parties?Through commerce, nations can access commodities and services that might not otherwise be accessible domestically and grow their markets. Market competition has increased as a result of global trade. This ultimately leads to more competitive pricing, which lowers the cost of the final product for the consumer.
When two nations decide to engage in international trade, it is a decision that benefits both nations. A nation can consume a variety of things that are outside the bounds of its initial manufacturing capabilities through specialization and trade.
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f the marginal benefit of an activity increases, then a rational person will engage in more of the activity.
The concept is the Incentive Principle. states that as the marginal utility of action increases, a rational person will perform more actions.
Incentive theory is one of the motivational propositions that suggest that behavior is motivated by external reinforcers or impulses.
Understanding how provocation proposition works can help you see what might motivate you to act or engage in certain actions. Borderline utility is the maximum amount a consumer is willing to pay for an fresh good or service.
It's also the satisfaction or fresh benefit that the consumer receives when he buys an fresh good or service. When the borderline mileage of an exertion exceeds the borderline cost, the decision- maker benefits from further exertion.
Question:
However, also a rational person will engage in further of the exertion, If the marginal benefit of an activity increases. Which principle is mentioned then?
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When a company outsources tasks globally, which of these factors can wipe out the price differential from lower labor costs?Answer choice :a.powerful trade unionsb.high shipping costsc.low pollution controlsd.negative publici
The correct answer is d. Negative publicity. The reputation and image of a corporation can be significantly impacted by negative publicity. A company's reputation may suffer if it outsources to a place where workers are underpaid or have unfavorable working circumstances, negating any labor cost savings that could have been realized.
Consumers and investors are more likely to prefer businesses with open and ethical business procedures as they become more aware of labor practices. In conclusion, bad press can significantly harm a company's brand and image, as well as eliminate the pricing advantage from lower labor expenses.
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FILL IN THE BLANK. expenses __ retained earnings; therefore, to increase any expense, one would __ the expense account.
Expenses decrease retained earnings; therefore, to increase any expense, one would debit the expense account. In the revenue statement, a debit effectively raises an expense account whereas a credit actually lowers it.
Accounts for liabilities, revenues, and equity have inherent credit balances. Any time a debit is made to one of these accounts, the balance of the account is expense. Increased net income: An increase in the balance of retained earnings. The option for management is to reinvest (keep the earnings), pay a dividend, or do both. Reduce by a net loss: Reduces the remaining retained earnings balance. Increases in expenses are noted as debits, while decreases in expenses are noted as credits.
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