Option (b), A market is a collection of potential buyers who share wants and are eager to exchange valuables with vendors who are selling a variety of items or services.
What is involved in a market idea?An arrangement that allows buyers and sellers to exchange any goods, services, or information is referred to as a market in traditional economic theory. When goods or services are transferred, whether or not money is exchanged, a transaction takes place.
When two or more parties exchange goods, services, and information, the arrangement is referred to as a "market." According to theory, a market is a location where two or more parties exchange things. The two parties to a transaction are the seller and the buyer.
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which of the following is an example of a noncash item on an income statement? multiple choice question. retained earnings depreciation dividends costs
Option b: Depreciation. Depreciation is a suitable example of a noncash item on a income statement.
In accountancy, the depreciation is a term that refers to two aspects of the same concept.
The first is the actual decrease in the fair value of an asset as it is used (matching principle).
Depreciation is thus the depreciation of an asset, the way the cost of a tangible asset (such as equipment) is redistributed or "depreciated" over its useful life.
Businesses depreciate the long-term assets for both accounting and the tax purposes. Asset impairment affects the balance sheet of a company or entity, and the method of accounting depreciation of assets affects the final result and therefore the income statement that is reported.
Acquisition costs are generally allocated as depreciation over the period the asset is expected to be used.
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During the coronavirus pandemic the price of semiconductors (used in the production of all cars) significantly increased. Which of the following statements is true? a. The supply of new cars will decrease and the supply curve will shift to the left. b. The quantity supplied of new cars will decrease and the supply curve will not shift to the right. c. The supply of new cars will increase and the supply curve will shift to the right. d. The quantity supplied of new cars will increase and the supply curve will not shift to the right.
During the coronavirus pandemic the price of semiconductors (used in the production of all cars) significantly increased. The statement of option c "The supply of new cars will increase and the supply curve will shift to the right." is true.
As the price of semiconductors rises, it increases the cost of producing cars. This will cause the supply of cars to decrease as manufacturers are less willing to produce cars due to the increased costs.
As a result, the supply curve will shift to the right as there is now a lower quantity of cars at each price point. This will cause the price of cars to increase, leading to an increase in the cost of owning a car for consumers.
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which of the following is a reason for the tremendous increase in the flow of foreign direct investment from 1990 to 2011? multiple choice A. the relaxation of transfer pricing regulations B. the similarities in tax rates and tax laws across C. the globe the liberalization of investment laws in many countries D. the universal application of u.s. gaap accounting standards
The option A "the relaxation of transfer pricing regulations" is a reason for the tremendous increase in the flow of foreign direct investment from 1990 to 2011. So the option A is correct.
The relaxation of transfer pricing regulations has been an important factor in the tremendous increase in the flow of foreign direct investment from 1990 to 2011. Transfer pricing regulations are the rules that dictate how multinational companies transfer profits and losses between their subsidiaries.
By relaxing these regulations, companies are able to move profits around in a more efficient and cost-effective manner, allowing them to use their resources more efficiently and invest more in foreign markets.
This has resulted in a huge influx of foreign direct investment, with the World Investment Report 2020 estimating that the global FDI inflows increased from $521 billion in 1990 to $1.8 trillion in 2018.
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Beginning accounts receivable were $20,000 and ending accounts receivable were $25,000. If sales were $150,000, cash receipts equal $___.
Beginning accounts receivable were $20,000 and ending accounts receivable were $25,000. If sales were $150,000, cash receipts equal $155,000.
In accounting, accounts receivable refers to the amounts that a company is owed by its customers for goods or services sold on credit. The balance in the accounts receivable account represents the total amount of unpaid invoices at a given point in time.
To calculate the cash receipts, you need to take into account the change in accounts receivable during the period in question. In this case, the beginning accounts receivable were $20,000 and the ending accounts receivable were $25,000, which means that accounts receivable increased by $5,000 during the period.
The formula to calculate cash receipts is:
Cash receipts = Sales + Decrease in accounts receivable
However, since the accounts receivable increased instead of decreased, we need to adjust the formula by adding the change in accounts receivable instead of subtracting it:
Cash receipts = Sales + Increase in accounts receivable
Cash receipts = $150,000 + $5,000 = $155,000
Therefore, the cash receipts were $155,000. This means that the company received $155,000 in cash from customers during the period, either as payments for invoices or as cash sales.
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marvin harris explains taboos by arguing for a real economic benefit to the society. which of the following is not a criticism of this approach?
The answer is It does not account for why the taboo is maintained when economic situations change is not a criticism of this approach.
What kinds of things are taboos?Some people believe that discussing sex, politics, and religion in polite company is inappropriate. A taboo behavior is one that a society or culture deems unacceptable. In some communities or cultures, having sex before or after being married is considered taboo.
What taboos are most prevalent?Common taboos include prohibitions or ritual regulations of killing and hunting, sex and sexual relationships, reproduction, the dead and their graves, as well as food and dining (mainly cannibalism and dietary standards like vegetarianism, kashrut, and halal) or religious practices (treif and haram).
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TRUE/FALSE. When a competitive analysis shows that a similar business concept already exists, the owner can still enter the market with a similar concept that just provides better service.
When competitive research reveals that a similar business concept already exists, the owner can still enter the market with a similar concept that only offers superior service, it's true.
Competitive analysis: What is it?Researching key rivals as part of a competitive analysis is a tactic used to learn more about their offerings, revenue streams, and marketing strategies. Conducting a competitive market study can help you implement more effective business strategies, fend off rivals, and gain market share, to name a few advantages.
You can find possible possibilities to outperform your competition and learn the ins and outs of how your rival operates by doing a competitive analysis.
Additionally, it makes it possible for you to keep abreast of market developments and make sure your goods continually meet and surpass industry standards. In order to distinguish your goods and services from those of your rivals, competitive market research looks for and contrasts key market metrics.
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One of the objectives of facility location analysis is to select a site with the lowest total cost. Which of the following are hidden costs that should be included in the analysis? Multiple Choice Becoming less responsive to the customer Supplier costs Construction costs Taxes X Product life cycle costs
The cοrrect answer is becoming less responsive to the customer. The hidden cost that should be included in the facility location analysis is becoming less responsive to the custοmer.
What is the most important objective of facility planning?The intention of facility planning is to not solely understand opportunities for efficiency, but tο assume them as well. Alleviating inefficiencies inside the administrative center has rippling effects throughout the whοle business.
Governmental barriers to enter and detect in many international locatiοns are growing through restrictive protectionist legislation. Quality of life in a host community is nο longer a most important element in making the facility area decision.
Facility place (or location-allocation) analysis determines the mοst advantageous places for a given quantity of services from a set of feasible locations based totally on sοme criteria whilst simultaneously assigning the client demand to the shοps or distribution centers.
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Complete question:
suppose the price of leather used to produce shoes increases. the higher price of leather the supply of shoes, and the supply curve of shoes . group of answer choices decreases; shifts rightward decreases; shifts leftward does not change; does not shift increases; shifts leftward increases; shifts rightward
This would cause an increase in the production cost of shoes, which could affect the supply of shoes. The correct answer is: Decreases; shifts leftward.
Suppose the price of leather used to produce shoes increases. The increase in the price of leather would lead to a decrease in the profit margins for shoe producers. In response, they may reduce their production of shoes, resulting in a decrease in the quantity supplied of shoes at every price level. This decrease in supply would cause the supply curve of shoes to shift leftward, indicating that shoe producers are willing to supply fewer shoes at every price level than before. The new equilibrium price and quantity of shoes would depend on the magnitude of the increase in the price of leather and the elasticity of demand for shoes. If the demand for shoes is relatively elastic, the increase in price may cause a larger decrease in quantity demanded and a larger decrease in the equilibrium price of shoes.
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In Part 1-2 we distinguished between macroeconomic and microeconomic questions. Which of the following would be considered macroeconomic questions? Check the two correct answers. O How will a government regulated monopoly set its prices? O Will the Federal Reserve's decision to increase short-term interest rate affect quarterly GDP? O How will a strengthening of the U.S. dollar affect the trade deficit? O How much utility does Adam derive when he decides to consume 4 cups of ice cream?
The macroeconomic questions are-
How will a strengthening of the U.S. dollar affect the trade deficit?Would this Federal Reserve's increase in narrow interest rates have an influence on quarterly GDP?Explain the differences of macroeconomic and microeconomic?While macroeconomics examines choices made by nations and governments, microeconomics analyses individuals and company decisions.Since it places a strong emphasis on supply and demand and many other factors that influence price levels, microeconomics is a lowest part discipline.Macroeconomics employs a top-down perspective to examine the economy in its entirety in an effort to ascertain its nature and future trajectory.While macroeconomics is primarily employed as an analytical tool to create economic and fiscal policy, investors could use microeconomics in making investing decisions.Thus, the two macroeconomic questions are-
How will the trade deficit be impacted by the dollar's strengthening? Would this Federal Reserve's increase in narrow interest rates have an influence on quarterly GDP?To know more about the macroeconomic and microeconomic, here
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Which of the following statements is true?Inclusive institutions do not support the provision of property rights to society and hence foster economic prosperity.None of the aboveThe productivity of individuals is likely to be independent of the availability of property rights.An individual with property rights is likely to be less productive than an individual without property rights.An individual with property rights is likely to be more productive than an individual without property rights.Scenario: Gavin cultivated his own cannabis plant which produced 18 grams of flower. He could've purchased this from a dispensary for $180. If Gavin sells the 18 grams for $200, and the total cost to cultivate and harvest was $150, which of the following will happen?Trade surplus will increase by $200GDP will increase by $180GDP will increase by $50GDP will remain unchangedNone of the above
It seems insufficient and illogical to say that "An individual with property rights is likely" on its own. In order for me to give a precise response, kindly supply the entire statement or query
A single person who is not a part of a group or collective is known as an individual. It is the basic building block of society and possesses distinctive traits, abilities, and experiences that mould their identity and relationships with others. People can be a part of many different social groupings, such as families, communities, or organisations, and they can also have a wide range of views, values, and objectives. They are capable of making choices and acting independently, and they are accountable for the results of their decisions. The study of people draws on a variety of academic fields, including psychology, sociology, and economics, and aims to comprehend human motives, behaviour, and wellbeing. Modern democratic societies, which emphasise human rights, variety, and tolerance, depend on the idea of uniqueness.
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How would the following changes in price affect total revenue? That is, would total revenue increase, decrease, or remain unchanged?
Price falls and demand is inelastic: Decrease
Price rises and demand is elastic: Decrease
Price rises and supply is elastic: Increase
Price rises and supply is inelastic: Increase
Price rises and demand is inelastic: Increase
Price falls and demand is elastic: Increase
Price falls and demand is of unit elasticity: Remain unchanged
Increasing price will decrease revenue changes in price affect total revenue . That is, would total revenue increase, decrease, or remain unchanged.
What are sales versus profit?
Profit is the net money left over after deducting costs from earnings, whereas revenue is the income created by business operations. Sales, income from fees, and income from property are just a few examples of the different ways in which revenue can be earned.
The total income a firm receives from the sale of products or services that are connected to its core business operations is referred to as revenue.
How do price adjustments impact overall revenue?
Thus, a price rise will result in higher overall revenue whereas a price cut will result in lower overall revenue. Last but not least, demand is said to be unit elastic when the percentage change in quantity required is equal to the percentage change in price.
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Standardize process steps. The implication for Taguchi is that reducing the variation inh
Lowering the loss to society and lowering the cost of poor quality is the implication for Taguchi .
The Taguchi approach calculates the social cost of a product to determine its quality. Loss in a product is specifically defined by changes and deviations in its function as well as negative side effects that the product causes. Loss from variation in function is a measurement of how differently each product unit performs. The more substantial the loss in function and quality, the higher that variance. This could be expressed as a monetary amount that illustrates how consumption has been influenced by the product's flaws. It is used by businesses including Toyota, Ford, Boeing, and Xerox.
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When a firm implements a strategy that leads to superior performance relative to other companies in the same industry, it is said to have achieved ______.
When a firm implements a strategy that leads to superior performance relative to other companies in the same industry, it is said to have achieved competitive advantage.
A company gains a competitive advantage when it implements a strategy that results in superior performance compared to other companies in the same industry.
Competitive advantage is the aspect that makes a company's products and services superior. Although the term is usually used in the business world, competitive advantage strategies may also be employed by specific organizations, communities, or individuals in competitive environments.
To gain and maintain a competitive advantage, companies must demonstrate higher quality than their competitors. You also need to communicate this information to your audience. For example, a company has a competitive advantage if it offers a cheaper product than its competitors.
The same is true if the product offers unique features not found in other products. To generate these benefits, companies can analyze competitive intelligence data to understand their competitors' strengths.
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a market-product grid shows the relationship of market segments either to products offered or to blank .
The correct answer to the question above is "Potential marketing action by an organization"
Market-product grid also known as the product market expansion grid or Ansoff Matrix. This matrix helps a company plot out its growth strategy and visualize the risks associated with expansion. There are four main suggested strategies for The Product market expansion grid:DiversificationMarket PenetrationMarket DevelopmentProduct DevelopmentLearn more about Ansoff Matrix at: https://brainly.com/question/8190211
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When an index return equals the weighted average of the returns of each component security, with weights proportional to outstanding market value, it is referred to as a market _____ _____ index.
O Treasury BillsO value-weightedO Consumer Price IndexO Revenue Bond
Option B is correct. When an index return equals the weighted average of the returns of each component security, with weights proportional to outstanding market value, it is referred to as a market value-weighted index.
A hypothetical portfolio of investments that represents a certain area of the financial market is known as a market index. The prices of the index's underlying holdings are used to calculate its value. Market capitalization, revenue, float, and fundamental weighting are all used to determine the values of several indices. A way to change the relative importance of each item in an index is to weight it.
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Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams at $40 per share. The initial margin requirement was 50%. (The margin account pays no interest.) A year later, the price of Internet Dreams has risen from $40 to $50, and the stock has paid a dividend of $2 per share.
a. What is the remaining margin in the account?
Remaining margin $
b-1. What is the margin on the short position?
Short margin %
b-2. If the maintenance margin requirement is 30%, will Old Economy receive a margin call?
Yes
No
c. What is the rate of return on the investment? (Negative value should be indicated by a minus sign.)
Rate of return %
If Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams at $40 per share.
a. the remaining margin in the account is $8000
b. the margin on the short position is 16%
c. the rate of return on the investment is -60%
a. The initial margin was: $40 x 1,000 x 0.50 = $20,000.
Old Economy Traders loses: $10 x 1,000 shares = $10,000
Dividend of $2 per share to the lender of the shares: $2 x 1,000 shares = $2,000.
So,
The remaining margin in the investor's account therefore reduce to:
$20,000 - $10,000 - $2,000 = $8,000.
b. Margin on short position = Equity Value of shares owed
$8,000 / $50 x 1,000 shares
= 0.16 × 100
= 16%
c. The rate of return
Rate of return= Ending equity － Initial equity / Initial equity
Rate of return = $8,000－ $20,000 / $20,000
Rate of return = - 0.60 × 100
Rate of return = - 60%
Therefore the remaining margin in the account is $8000.
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When I purchase a corporate _______, I am lending the corporation funds for a purchase a corporation's _______, I become an owner in the corporation. stock: debt security stock: bond bond: debt security bond: stock
When I purchase a corporate bond, I am lending the corporation funds for a purchase a corporation's stock, I become an owner in the corporation.
A stock, usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle its owners to a share of the company's assets and income in proportion to the number of shares they possess. Most individual investors' portfolios are built on stocks, which are mostly bought and sold on stock exchanges. Government standards designed to shield investors from dishonest tactics must be followed during stock trades. Corporations are a unique sort of organisation even if stockholders do not own them since they are regarded by the law as legal persons. Companies report their taxes. can be sued, can borrow money, and can possess property. A company is a "person" in the sense that it has rights and obligations.
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5. the price of trade suppose that slovenia and liechtenstein both produce olive oil and wheat. slovenia's opportunity cost of producing a bushel of wheat is 5 crates of olive oil while liechtenstein's opportunity cost of producing a bushel of wheat is 11 crates of olive oil. by comparing the opportunity cost of producing wheat in the two countries, you can tell that has a comparative advantage in the production of wheat and has a comparative advantage in the production of olive oil. suppose that slovenia and liechtenstein consider trading wheat and olive oil with each other. slovenia can gain from specialization and trade as long as it receives more than of olive oil for each bushel of wheat it exports to liechtenstein. similarly, liechtenstein can gain from trade as long as it receives more than of wheat for each crate of olive oil it exports to slovenia. based on your answer to the last question, which of the following prices of trade (that is, price of wheat in terms of olive oil) would allow both liechtenstein and slovenia to gain from trade? check all that apply. 1 crate of olive oil per bushel of wheat 3 crates of olive oil per bushel of wheat 7 crates of olive oil per bushel of wheat 15 crates of olive oil per bushel of whea
Slovenia and Lichtenstein would gain from trade if trade prices were favourable, such as the price of wheat relative to the price of olive oil.
What is meant by Prices of Trade?The amount that makers of goods charge retailers for their products, as in contrast to what shoppers normally pay in-store: I got my coat at a trade price straight from the factory.
A broad definition of trade costs includes costs associated with enforcement, exchange rates, legal and regulatory requirements, local distribution, transportation (including freight and time costs), communication, and other information costs.
Therefore, In each transaction, list the different amounts you paid for the stock, as well as the total number of shares you purchased. Subtract the number of shares involved in each transaction from the transaction's price.
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Which of the following is NOT a generic performance dimension of operations and supply chain activities?
social responsibility
Social responsibility is a generic performance dimension of operations and supply chain activities.
It is becoming increasingly important for businesses to consider the social and environmental impact of their operations, and to take steps to minimize their negative impact and contribute to the well-being of society.
The generic performance dimensions of operations and supply chain activities are typically identified as quality, cost, delivery, and flexibility. These dimensions are used to evaluate and improve the performance of a company's operations and supply chain activities, and are considered essential for achieving competitive advantage and meeting customer expectations.
Quality refers to the degree to which a product or service meets customer requirements and expectations. Cost refers to the total cost of producing and delivering a product or service, including direct and indirect costs. Delivery refers to the reliability and speed of delivering products and services to customers. Flexibility refers to the ability of a company to respond quickly and effectively to changes in demand, technology, and other factors.
In summary, social responsibility is an important performance dimension of operations and supply chain activities, and should be considered alongside the other generic performance dimensions of quality, cost, delivery, and flexibility.
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Aperol Industries started their business on January 1st. On the first day of operations, they purchased three machines. These machines all had varying costs, useful lives, and residual values. They are forecasting their fixed asset book values and depreciation expense. They have provided the dashboard below. The first line chart demonstrates the book value of each asset as of the end of each year, while the second line chart demonstrates the total depreciation expense expected to be recorded in the income statement each year. Aperol Industries employs straight-line depreciation on all of their assets.
Depreciation expense of Machine A =$ 80,000, Depreciation expense of Machine B = $50,000, Depreciation expense of Machine C = $30,00, Total depreciation for first year = $160,000, Total depreciation for Second year = $160,000, Total depreciation for Third year = $80,000, Total depreciation for fourth year = $50,000.
What is the solution of the question?The values provided in the question are as follows :
Machine A = $170,000
Machine B = $250,000
Machine C = $ 90,000
According to the first line chart,
The useful life of these three machine are as follows:
Machine A = 4 years
Machine B = 2 years.
Machine C = 3 years.
Residual value :
Machine A = 450,000
Machine B = $10,000
Machine C = $ 0
Calculation of depreciation expenses as follows:
The formula to calculate annual deprecation is as follows:
Annual depreciation ( Macine A)=( Cost of machine − Residual value ) / Expexcted useful life.=$170,000−$10,0002=$80,000
Annual depreciation (Machine B ) =( Cost of machine − Residual value ) / Expected useful life.=$250,000−$50,0004=$50,000
Annual depreciation (Machine C)=(Cost of machine − Residual value )/ Expected useful life.=$90,000−$03=$30,000
Dr Depreciation Expense - $50,000
Cr Accumulated Depreciation - $50,000
(To record depreciation expense of Machine B )
Thus, the depreciation of all the years is written above.
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A company makes a $1000 payment to Supplies Mart, to pay the outstanding balance on account. This transaction would be journalized with a debit to the _____________ account and a credit to the _________ account.
A company makes a $1000 payment to Supplies Mart, to pay the outstanding balance on the account. This transaction would be journalized with a debit to the Payable account and a credit to the Cash account.
The debit to Accounts Payable recognizes the outstanding balance owed to Supplies Mart. This account is a liability account and it is used to track the amount of money that the company owes to its vendors.
By debiting this account, the outstanding balance is reduced by the amount of the payment.
The credit to Cash recognizes the payment of $1000 to Supplies Mart. This account is an asset account and it is used to track the amount of money that the company has available to pay its bills. By crediting this account, the money available to the company is reduced by the amount of the payment.
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for which of the following reasons would a company want a fresh start in another country? (check all that apply.)
Some of the reasons for a company to want a fresh start in another country are Expanding their market, Lower costs, Access to resources, Better business environment, and Brand image.
As the options are not provided here are some of the reasons for a company to want a fresh start in another country. Hope it helps.
It is possible for a company to want a fresh start in another country for a variety of reasons. Some possible reasons might include:
Expanding their market: A company may want to enter a new market and see greater opportunities for growth in another country. They may believe that they can better serve customers or reach new markets by starting fresh in a new location.Lower costs: A company may be looking for ways to reduce its costs, and may believe that it can do so by moving to another country where labor or other costs are lower.Access to resources: A company may be looking for better access to resources, such as raw materials or skilled labor, that are more abundant in another country.Better business environment: A company may be looking for a more favorable business environment, such as a country with a more stable political or economic climate, or one with more favorable tax or regulatory policies.Brand image: A company may want to reposition or rebrand itself, and believe that starting fresh in another country can help them do so.It's worth noting that each of these reasons has potential advantages and disadvantages and that the decision to start fresh in another country should be carefully considered in light of a company's goals and capabilities.
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A building materials supplier, who is a citizen of State A, and a contractor, who is a citizen of State B, had a contract dispute. The contractor drove to the supplier's home in State A to discuss possible settlement of the dispute. The discussions were not successful. As the contractor backed out of the supplier's driveway, the contractor accidentally hit the supplier's car, damaging it significantly. The supplier sued the contractor in federal court, asserting both a breach of contract claim as well as a negligence claim for the damage done to the supplier's car. The supplier's complaint seeks $71,000 in damages for breach of contract and $5,000 in damages to pay the cost of repairs to the car.
Does the federal court have subject matter jurisdiction over the supplier's action?
1. Yes, because the amounts of the supplier's two claims may be aggregated and thus meet the amount in controversy requirement.
2. Yes, because the supplier's two claims are related and therefore may be aggregated to satisfy the amount in controversy requirement.
3. No, because the supplier's two claims do not arise from the same transaction or occurrence and therefore may not be aggregated to satisfy the amount in controversy requirement.
4. No as to the negligence claim but yes as to the breach of contract claim.
The federal court may have subject matter jurisdiction over the supplier's breach of contract claim, but not necessarily over the negligence claim for damages to the car.
To determine if the federal court has jurisdiction over the breach of contract claim, the court must assess whether the amount in controversy requirement is met. The requirement is met if the amount at stake exceeds $75,000. Here, the supplier seeks $71,000 in damages for breach of contract, which is close to the jurisdictional threshold. However, the court may also consider the cost of litigation, the possibility of additional damages, and any potential settlement in determining whether the amount in controversy requirement is met. Thus, it is possible that the breach of contract claim satisfies the amount in controversy requirement, allowing the federal court to exercise subject matter jurisdiction over that claim. On the other hand, the negligence claim for damage to the car seeks only $5,000 in damages. As this amount falls far below the jurisdictional threshold, the federal court would not have subject matter jurisdiction over this claim. Therefore, the answer is "No as to the negligence claim but yes as to the breach of contract claim."
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Competitive strategy determines all of the following except ________.O the company's PE ratioO structure of the information O system goals and objectivesO features functions
All of the above, excluding the company's PE ratio, are influenced by competitive strategy.
What is determined by an organization's competitive strategy?
1) The value chain of a firm is determined by its competitive strategy. 2) Porter created the five forces model in order to comprehend the marketplace in which businesses operate. 3) A corporation is profitable if all five competing factors are strong, according to Porter's five forces model.
Are an organization's aims and goals influenced by its competitive strategy?A company's competitive strategy determines its goals and objectives. The structure, attributes, and purposes of every information system are thereby determined by competitive strategy.
Four types of competitive strategy make up Porter's Generic Strategies: Differentiation, Cost Leadership, Focus (Cost), and Focus (Differentiation).
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Two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods. True or False
True, each country only needs to have a competitive advantage in one thing for the countries to benefit from trade, even if one has a absolute advantage in producing other goods.
By comparative advantage, what do you mean?The ability of an economy to produce a specific good and service at a lower cost than its trade counterparts is known as comparative advantage. Comparative advantage is a theory that explains why businesses, nations, or people might gain from trade. When manufacturing a specific good, agents in an economic model have a relative advantage over their rivals if they can do so at a lesser opportunity cost and autarky price, that is, at a lesser marginal cost before trade.
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which of the following options correctly indicates how glue used in a manufacturing process (of refrigerator) would be classified?a. Period costb. Indirect materialc. Direct materiald. Miscellaneous expense
Option C is the correct option.
The Direct material options correctly indicates how glue used in a manufacturing process (of refrigerator) would be classified
The correct option that indicates how glue used in a manufacturing process.
Direct materials are materials that are a necessary part of the final product and can be traced back to the product in an economically feasible way.
Glue is used in the manufacturing process of a refrigerator, and it is considered a direct material because it is an essential part of the final product, and its cost can be easily traced to the product.
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David Ricardo's theory of comparative advantage and free trade was an attack on which of the following economic doctrines of the age? a. colonialism b. laissez-faire c. communism d. feudalism
the following economic theories of the time was attacked by David Ricardo's thesis of comparative advantage and free trade on colonialism.
What is the foundation of David Ricardo's idea of comparative advantage?According to Ricardo's widely regarded comparative advantage theory, states can obtain an international trade advantage by focusing on manufacturing items with the lowest opportunity costs when compared to other nations. Ricardo's premise is that removing protection would cause resources to shift from high-cost to low-cost items, resulting in increased production. His comparative advantage theory, which advocates for a free trade paradigm, is part of the wider argument for laissez faire. In On the Principles of Political Economy and Taxation (1817), David Ricardo predicted that landowners would get an increasing share of national revenue while capitalists would receive less and less, resulting in economic stagnation.
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International Trade - End of Chapter Problem The United States is highly protective of its agricultural food industry, imposing import tariffs and sometimes quotas on imports of agricultural goods. This chapter presented three arguments for trade protection. For each argument, discuss whether it is a valid justification for trade protection of U.S. agricultural products. Valid - Since the agricultural sector employs a large percentage of the labor force, protection is necessary to prevent job loss. - The United States would be vulnerable if all of its food came from overseas, so trade protections are necessary for it to maintain national security.
Invalid - The United States has traditionally been a manufacturing economy and recently moved more resources into the agricultural sector. Because the agricultural sector is relatively new, it requires protection as an infant industry. Answer Bank _________________
International Trade - End of Chapter Problem The United States is highly protective of its agricultural food industry, imposing import tariffs and sometimes quotas on imports of agricultural goods.
Valid:
Since the agricultural sector employs a large percentage of the labor force, protection is necessary to prevent job loss.
The United States would be vulnerable if all of its food came from overseas, so trade protections are necessary for it to maintain national security.
Invalid:
The United States has traditionally been a manufacturing economy and recently moved more resources into the agricultural sector. Because the agricultural sector is relatively new, it requires protection as an infant industry.
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a shift to the right in the demand curve for product a can be most reasonably explained by saying that
The most plausible explanation for a move to the right in the demand curve for product A is that consumer tastes have changed in favour of A, causing them to desire to purchase more at all prices.
What causes a rightward shift in the demand curve?If the determinant raises demand, the curve moves to the right. This indicates that even while the price remains the same, there is a greater demand for the commodity or service. The incomes of consumers will increase as the economy is flourishing. Despite the fact that prices haven't increased, people will purchase more of everything.
What does the demand curve for product A change to the right mean?The most plausible explanation for a move to the right in the demand curve for product A is that consumer tastes have changed in favour of A, causing them to desire to purchase more at all prices.
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true/false. gaggle, inc., and chirp chirp, inc., have their dispute resolved in arbitration. the arbitrator makes an erroneous finding of fact. this is a ground for a court to review the merits of the award.
The statement '' gaggle, incl. and chirping chirping, incl. settle their disputes by arbitration. the arbitrator makes a false statement. this is the reason why the court evaluates the reasonableness of the punishment '' is false because arbitration is a procedure where, with the consent of the parties .
By choosing arbitration, the parties are choosing a private dispute resolution process instead of going to court. Out-of-court dispute resolution procedures include arbitration, mediation, negotiated rulemaking, neutral finding, and mini-trials. In addition to mandatory arbitration, the purpose of ADR is to provide a forum for parties to work toward a voluntary settlement, rather than having the case decided by a judge or other authority.
Both parties waive the right to appeal, which means that the other party may feel paralyzed. If the matter is complex but the amount of money involved is modest, the fee for an arbitrator may make arbitration uneconomical.
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