The four functions in the management process is dedicated to arranging tasks, people, and other resources to accomplish the work: Organizing Function of Management.
Organizing Function of Management involves putting the right people and resources on the jobs. To put it simply, this entails setting up the tasks, people, and other resources. There are various departments that make up the complete organisation. Each component calls for the accomplishment of specific tasks, which necessitates the use of specialist personnel and other resources. Establishing appropriate superior-subordinate relationships with corresponding levels of authority and responsibility. Marketing, finance, procurement, production, and after-sales are only a few examples of different organisational sections.
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______ looks at the behavior of individual people and organizations in specific markets. A. Microeconomics B. Macroeconomics C. Nanoeconomics
In order to comprehend why people and businesses behave in the ways that they do on a daily basis and how these behaviors impact the overall economy, microeconomics investigates the behavior of specific individuals and enterprises.
What area of economics research examines how individuals and businesses behave in specific markets? In order to comprehend why people and businesses behave in the ways that they do on a daily basis and how these behaviors impact the overall economy, microeconomics investigates the behavior of specific individuals and enterprises.Microeconomics is the area of economics that focuses on how individuals and businesses behave in particular markets.Microeconomics is a subfield of economics that examines how businesses and consumers interact on a personal level.The conditions and presumptions that each economy is based on are particular to that economy.Traditional economies, command economies, mixed economies, and market economies are the four primary categories under which economic systems can be divided.The area of economics known as macroeconomics focuses on the study of the entire economy.Inflation, unemployment, and national output are the three main topics of macroeconomics.To learn more about microeconomics refer
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A bowed-outward PPF is representative of increasing costs. In short, the PPF would not be bowed outward if increasing costs did not exist. To prove this, look back at Exhibits 1 and 2. In Exhibit 1, costs are constant (not increasing), and the PPF is a straight line. In Exhibit 2, costs are increasing, and the PPF is bowed outward.
The law of increasing costs suggests that as more of a given resource is used, the cost of producing an additional unit of a good or service increases.
This concept can be demonstrated through the bowed-outward shape of a Production Possibility Frontier (PPF).
A PPF is a model of production that plots alternative combinations of two goods that can be produced with a given set of resources. It is bowed-outward due to the law of increasing costs.
As more of one good is produced, the opportunity cost of producing additional units of that good increases. This means more resources must be devoted to producing the other good, resulting in a bowed-outward shape.
Therefore, the law of increasing costs is directly linked to the bowed-outward shape of the PPF.
The law of increasing costs states that as more of one good is produced, the cost of production rises.
The correct question is:
What does the law of increasing costs have to do with a bowed-outward PPF?
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which of the following statements about early jamestown is most correct? group of answer choices it was saved by the discovery of silver. it saw the majority of its colonists die. its success or failure was unclear. it was a great success. it was a profitable venture for the london company
Option B) The accurate description of early Jamestown is that the bulk of it's own colonists perished. Tobacco was Jamestown's main export.
How did the colony of Jamestown begin?On the banks of the James River, the Virginia Company, a commercial venture with about 100 respondents, established the first permanent settlement of North America on May 14, 1607. Amsterdam was on the verge of collapse during its first two years due to disease and battles with neighbouring Native American groups.
How did Jamestown fare?Jamestown's principal statehouse was burned to the ground in 1698, and Middle Plantation, which is now Williamsburg, took its place as the colony's seat of government the following year. Although there remained a few residents and farmers there, Savannah was all but uninhabited.
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during production, job cost sheets represent:
Job cost sheets serve as a representation of the work-in-progress inventory account's balance during production.
What are the job cost sheets?A job cost sheet is a list of a job's real costs.
The management team receives the report, which was put together by the accounting department, to determine whether a work was properly bid.
The sheet may be created simultaneously, but it is frequently finished after the task is completed.
An itemized list of all the costs incurred to execute a project is contained in a job cost sheet.
You can keep track of these costs both during and after the project.
This document is often generated by the accounting department to confirm that expenditures were within the budgeted amount.
cost projection for upcoming work.
Therefore, job cost sheets serve as a representation of the work-in-progress inventory account's balance during production.
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When recommending specific policies to undertake, economists make Group of answer choices
A. positive statements B. claims about how the world is C. normative statements. D. descriptive statements.
When recommending specific policies to undertake, economists make normative statements. Normative claims are predicated on beliefs or ethics—what someone thinks ought to be.
Contrarily, affirmative claims can be put to the test, even if they aren't always true. An illustration of a normative argument would be one that supports a higher minimum wage for workers since it is based on personal values. A claim that raising minimum wages will increase GDP, however, would be regarded as sound economic theory. A descriptor describes the state of the world without expressing whether that situation is good or harmful. In comparison to some standard or alternative, a normative statement communicates an evaluation by stating whether something is excellent, terrible, or superior.
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what term describes the increase in worth of a product or service to a consumer as a result of advertising efforts?
Advertising Elasticity of Demand (AED) is the increase in the worth of a product or service to a consumer as a result of advertising efforts. Based on the question above the correct answer is Advertising Elasticity of Demand (AED).
Advertising is a paid, mediated form of communication from an identifiable source, designed to persuade the consumer, receiver, or people who see the advertisement to take some action, now or in the future.
Advertising Elasticity of Demand (AED) is a measure of advertising expenditure's impact on new sales for a company.
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which of the following are reasons to learn about marketing? To become a better consumer.
To become a better informed citizen.
To help in your career planning.
Understanding the core functions of advertising and marketing can help you better focal point your efforts and techniques to guide your business.
The 7 features of advertising and marketing are promotion, selling, product/service management, advertising information management, pricing, financing and distribution.
Why is advertising and marketing so important?Every agency desires to follow marketing strategies to: amplify sales, define merchandise or services, create connections with new collaborators or partners, get new customers, build customer loyalty, create a brand, internationalize the organisation thru the media
Marketing administration is founded on creating, planning, and imposing techniques that will assist reap wider business objectives.
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The unique skills that should be used to deliver for a customer are Empathy, good communication, and also problem-solving. It should be done to attract the customer and give a better service.
In economic and business, Customer service generally can be defined as the assistance and advice provided by a company to those people who buy or use its products or services in that business. Most all of the business company have their customer service to give a best service through their customer. Each of customer services have to had a good characteristics, such as professionalism, patience, and also a “people-first” attitude.
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Why does the opportunity cost of producing more of one good increase as more of that good is produced?
This happens as a result of reallocating resources to create a good that was more suitable to create than the initial good.
What does an increase in opportunity cost mean?An economic theory known as the rule of increase opportunity cost explains how opportunity costs rise when resources are used. (In other words, there is a cost associated with allocating resources for one use vs another.)According to the law of growing opportunity cost, the cost of manufacturing the next unit rises as you keep up with production of a given good. This happens as a result of reallocating resources to create a good that was more suitable to create than the initial good.Opportunity cost refers to the decision that the buyer of goods must make between options that are mutually exclusive owing to restricted resources.To learn more about opportunity cost refer to:
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touch screen kiosks customer loyalty cards handheld shopping assistants and self scanning checkout systems are all examples of how retailers use technology to
Touch screen kiosks customer loyalty cards handheld shopping assistants and self scanning checkout systems are all examples of how retailers use technology to meet consumers' expectations.
Numerous advancements in technology are benefiting the retail sector, including virtual reality, improved consumer interactions, and increased control and accuracy over marketing data and inventory management. Retailers must maintain current IT systems inside their physical locations in order to accurately forecast customers' needs and manage inventories.
The actions, replies, promotions, rates, changes to items or services, encounters, and customisation that consumers predict or assume from a specific company when interacting are referred to as customer expectations. Finding out who your clients are clearly is the first step in meeting their expectations. You must provide more details than just the bare minimum in terms of age, gender, and area. Just as you must comprehend your product, you must comprehend your clients.
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Which of the four factors ofproduction is incorrectlydescribed below?-Capital describes the tools, equipment, and buildings that are used to make a good or service. -Technology describes thecreative human drive that creates a new business or innovates a new way to produce established goods and services. -Labor is the word economists use to describe the people and the skills they use to make a good or service. -Land is any natural resource that is used to produce a good or service.
The correct response is b. Technology describes the creative human drive that creates a new business or innovates a new way to produce established goods and services.
Technology is the application of scientific knowledge to the objectives of daily life, or, as it is also referred to, to the modification and manipulation of the environment of humans. A human need or problem must be met or resolved in order for technology to be useful. Many different human needs, including those for communication, food, clothes, and shelter, can be met with the aid of technology. Technology, which comprises the practices or actions individuals use to change their surroundings, is not derived from the natural world. Science is applied for practical goals through technology. It consists of both devices (such as computers) and methods and procedures (like the way we produce computer chips). Despite what it might appear like, most modern technology is not solely electrical.
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Which of the four factors of production is incorrectly described below?
a. Capital describes the tools, equipment, and buildings that are used to make a good or service.
b. Technology describes the creative human drive that creates a new business or innovates a new way to produce established goods and services.
c. Labor is the word economists use to describe the people and the skills they use to make a good or service.
d. Land is any natural resource that is used to produce a good or service.
What kind of law is it when as the prices go up quantity supplied go up and vice versa?
The law of supply is a microeconomic principle that asserts, with all other things being equal, that if the cost of an item or service rises, suppliers will offer more of those goods or services, and vice versa.
Major points for quantity supplied:According to the law of supply, a higher price causes a higher supply while a lower price causes a lower supply. Tools used to summarize the link between supply and price include supply curves and supply schedules.
The quantity of a good supplied, or the amount owners or producers offer for sale, is said to increase as the market price increases and decrease as the price decreases according to the law of supply. In contrast, according to the law of demand (see demand).
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Hans purchased a 20-year corporate bond in 2015 that promised to pay him 3% interest semi-annually for the life of the loan. The corporation reserved the right to redeem the bond in 2022. Which of those numbers is the bond's maturity?.
The numbers that will represent the maturity period of the bond will be 20 that is option C is correct.
Bonds are an important part of any business or economy. Bonds are types of loans that are purchased y individuals at a particular interest rates. Bonds are also purchased by bigger organizations and companies. Every bond is provided by a firm which is an established firm within the stock market. These bonds have a interest rate that is the bonds will earn some extra amount of money due the interest rates. The time period after which the bond will be completed is called its maturity period and after this the bond will be mature. In this case the maturity period will be 20 as the bond was for the time period of 20 years and after this the bond will be mature.
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Complete Question:
Hans purchased a 20-year corporate bond in 2015 that promised to pay him 3% interest semi-annually for the life of the loan. The corporation reserved the right to redeem the bond in 2022. Which of those numbers is the bond's maturity?
A. 2015
B. 3
C. 20
D. 2022
which of the following is most descriptive of entrepreneurial passion? a. entrepreneurs should eliminate emotion from consideration and focus only on the facts. b. an entrepreneur must have passion, but unchecked passion can be destructive. c. the more passion an entrepreneur has, the more success he/she tends to have. d. passion makes entrepreneurs open to hearing criticism of their ideas.
When people feel their entrepreneurial actions are in line with their own sense of who they are as entrepreneurs, they demonstrate entrepreneurial passion. This is a measurable, conscious, and intense positive emotion (Cardon et al., 2005, 2009).
What is entrepreneurial passion?Entrepreneurs' ultimate goal is to achieve success in their businesses, and the pursuit of that success is aided by having a passion for their businesses, which is seen as essential and crucial to getting there. In academic circles, however, there is still a lack of understanding of the underlying mechanisms that link entrepreneurial zeal to business success. In light of this, this study, which is grounded in the theory of social information processing, examines the internal mechanism of entrepreneurial passion via individual psychological capital on entrepreneurial success and the promotion of external entrepreneurial policy support. The findings of the study demonstrate that entrepreneurship passion can boost personal psychological capital and positively impact entrepreneurial success; the survey of 455 entrepreneurs in entrepreneurship parks and centers in Wuhan, Guangdong, Shanghai, and other locations used multiple times and multiple sources to collect data on the survey; Between a person's own entrepreneurial ambition and business success, psychological capital mediates the relationship. Support for entrepreneurship policies at the environmental level can encourage the impact of entrepreneurship passion on the building of psychological capital and encourage the transfer of entrepreneurship passion into entrepreneurial success through psychological capital. The aforementioned study's findings can be used as a useful resource for building entrepreneurs' psychological capital and as a guide for entrepreneurship success.To Learn more About entrepreneurial actions Refer TO:
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how long do you have to reinvest money from sale of primary residence
Section 54EC allows impunity of LTCG on trade of land and structure, if the profit is reinvested money in certain specified bonds, within six months from the date of trade of the house.
Capital gain bonds or 54EC bonds are the fixed income instruments that give capital earnings duty impunity under section 54EC to the investors. The duty liability on long- term capital earnings from trade of irremovable property can be reduced by copping 54EC bonds.
What's capital gain under section 54EC?
You can invest the gain in certain specified bonds to claim duty impunity within 6 months of the date of trade of the asset. 54EC bonds, or capital earnings bonds, are one of the stylish way to save long- term capital gain duty arising out of trade a capital asset. The maximum limit for investing in 54EC bonds is Rs 50,00,000
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which of the following is a positive economic statement? A) Government programs to help the poor are just making problems worse.
B) One in every five children in the United States is living in poverty.
C) Increases in poverty rates signify a deterioration of the U.S. economy.
D) The number of families living in poverty in the United States is high.
One out of every five kids in the United States lives in poverty, which is a positive economic statistic. (Choice b)
A positive economic statement is what?Positive economics is fact-based, objective, and based on statements that are specific, illustrative, and easily quantifiable. These claims can be evaluated in light of empirical data or precedents from the past. A statement that can be checked and confirmed and is not predicated on a value judgement is considered to be positive. For instance, claiming that the unemployment rate is 4.1% at the moment is accurate since it can be verified and then either confirmed or disproven. Even if they might not always be accurate, positive assertions can nonetheless be put to the test.
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Product design and process selection are examples of _______ decisions.
A. financial
B. tactical
C. system design
D. system operation
E. forecasting
The correct option is C, Product design and process selection are examples of system design decisions.
structures design interfaces, and records for a digital management device to satisfy particular necessities. device layout might be seen because of the utility of gadget ideas to product development. there may be some overlap with the disciplines of gadget analysis, gadget architecture, and machine engineering.
System design is the procedure of defining the factors of a machine consisting of the architecture, modules, and components, the exceptional interfaces of these components, and the data that goes through that system. The goal of device layout is to allocate the requirements of a large system to hardware and software components. The machine design interest begins after the machine necessities analysis has been finished. systems design is the process of defining the structure, interfaces, and records for a system that satisfies precise necessities.
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what are two main reasons why the program predictability measure is important
Communicates and highlight each team's contribution to business value. Facilitates a common language between business and technology stakeholders. Creates the near-term vision, which teams should follow up to succeed.
The ideas that direct your firm are known as business values. Making decisions, fostering a culture of teamwork and collaboration, and creating a good workplace are all made possible by business values.
Business value is a colloquial term used in management that refers to all types of value that affect the long-term health and prosperity of the company.
"Customer Satisfaction" is an illustration of a business value. One further illustration of a value is "Being Ethical and Truthful." Whether they are consciously aware of them or not, every firm has one or more core beliefs.
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When High Horizon LLC was formed, Maude contributed the following assets in exchange for a 25 percent capital and profits interest in the LLC:
Maude:
Cash: Basis-$28,000; FMV-$28,000
Land*: Basis-$128,500; FMV-$385,500
TOTAL= Basis-$156,500; FMV-$413,500
*Nonrecourse debt secured by land = $175,500
Jamie, Harold and Jenny each contributed $238,000 in cash for 25% profits and capital interest.
b) What is Maude's tax basis in her LLC interest.
The tax basis of an individual's interest in a limited liability company (LLC) is determined by the adjusted basis of the assets contributed to the LLC in exchange for the ownership interest.
In Maude's case, she contributed cash and land in exchange for a 25% capital and profits interest in the LLC. The tax basis of the cash she contributed would be $28,000, which is equal to its original basis and fair market value (FMV). This means that the tax basis of the cash remains unchanged.
The tax basis of the land would be calculated as follows:
Original basis of the land: $128,500
Less: Nonrecourse debt secured by the land: $175,500
Adjusted basis of the land: $128,500 - $175,500 = -$47,000
This means that the tax basis of the land is negative $47,000, which is the difference between the original basis and the nonrecourse debt secured by the land.
The tax basis of Maude's LLC interest would then be the sum of the adjusted tax basis of the cash and the land:
Adjusted tax basis of cash: $28,000
Adjusted tax basis of land: -$47,000
Tax basis of Maude's LLC interest: $28,000 + (-$47,000) = -$19,000
So, Maude's tax basis in her LLC interest would be -$19,000. This means that if she were to dispose of her LLC interest in the future, she could only claim a loss on her tax return to the extent that the sale price is less than her tax basis of -$19,000.
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What are the primary and secondary functions of central bank?
The central bank's primary function is to manage the money supply, control interest rates, and provide emergency liquidity to the banking system. Central banks also have the responsibility of maintaining price stability, which is achieved by setting and controlling the money supply.
Secondary functions of the central bank include providing banking services to the government and the public, managing foreign exchange reserves, issuing debt instruments and acting as a lender of last resort. Central banks are also responsible for regulating the banking system to ensure its safety and soundness. In addition, central banks can act as advisers to the government on financial and economic matters.
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You are considering buying a $700 refrigerator on an installment loan with nothing down and 12 monthly payments of $72. 92. You could also charge it to a revolving credit card with a 22 percent apr and pay it off with 12 payments of $64. 84. Your credit card company would also give you a cashback bonus of 1 percent for the purchase. How much would you save by using the credit card (round your final answer to the nearest dollar)?.
We can save $105 using a credit card, rounding the answer to the nearest dollar.
Since we are considering buying a $ 700 refrigerator on an installment loan with nothing down and 12 monthly payments of $ 72.92,
72.92 x 12
= 875.04
We could also charge it to a revolving credit card with a 22 percent APR and pay it off with 12 payments of $ 64.84, which means
64.84 x 12
= 778.08
The credit card company would also give us a cashback bonus of 1 percent for the purchase, to determine how much you would save by using the credit card the following calculation must be performed:
778.08 - (778.08 / 100)
= 770.29
Which means,
875.04 - 770.29
= 104.74
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What is the future value of a 7%, 5-year ordinary annuity that pays $300 each year? If this were an annuity due, what would its future value be?
The Future value of an annuity due of $300 per year at 7% for 5 years is $1845.99(Approx).
1.Future value of annuity=Annuity[(1+rate)^time period-1]/rate
=$300[(1.07)^5-1]/0.07
=$300*5.75073901
which is equal to
=$1725.22(Approx)
2.Future value of annuity due=Future value of annuity*(1+interest rate)
=$1725.22*(1.07)
which is equal to
=$1845.99(Approx).
The future worth of an annuity is the worth of a gathering of repeating installments at a specific date from now on, expecting a specific pace of return, or markdown rate. The higher the markdown rate, the more critical the annuity's future worth.
An annuity's worth is the amount of cash you'll have to put resources into the present to turn out revenue installments not too far off.
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question at what real exchange ratio, also referred to as the terms of trade, between grain (g) and steel (s) would both alpha and beta find it mutually advantageous to specialize and trade?
At 1G= 1.5 S real exchange ratio, also referred to as the terms of trade, between grain (g) and steel (s) would both alpha and beta find it mutually advantageous to specialize and trade.
A crucial economic indicator of a company's health based on its imports and exports is the terms of trade (TOT).
A ratio called TOT is used to represent how many units of exports are required to purchase one unit of imports.
TOT is calculated by multiplying the result by 100 and dividing the price of exports by the price of imports.
A TOT that is higher than 100% or that improves over time can be a sign that export prices have increased while import prices have remained stable or decreased, which is a good sign for the economy.
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a property owner residing in state a owned a beach house in state b. the property owner ran an ad in state b and state c seeking to hire a caretaker for the property. a state c resident responded to the ad. the property owner interviewed and hired the state c resident at the house in state b and then returned to state a. the property owner returned to the house a few months later and fired the state c resident. the state c resident plans to file an action against the property owner pursuant to federal employment discrimination statutes, claiming that the property owner fired him on the basis of race and age. in which federal district court(s) is venue proper?
However, in most cases, the judicial district where the contract that is the subject of the lawsuit was signed or where it was to be performed is where the proper venue can be identified.
What is the venue?
The location of a trial is referred to in law as the venue, which is typically the closest courthouse to the scene of the crime or the starting point of a civil lawsuit. The opposing party may protest and ask for a change of venue if a lawsuit is filed in a place that is not the right venue. The ability of the court to hear a certain kind of matter is referred to as jurisdiction, which is distinct from the venue.
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. a product owner with experience in a predictive approach wants the team to develop very detailed schedules and cost estimates for the next 10 sprints. what should the scrum master do?
When a product owner with experience in a predictive approach wants the team to develop detailed schedules and cost estimates for the next 10 sprints, the Scrum Master must navigate this tension between the product owner's expectations and the principles of Scrum.
In Scrum methodology, the Scrum Master is responsible for ensuring the development team follows the Scrum process and values. One of the key principles of Scrum is to have a flexible and adaptive approach to project management, which may be in contrast to the traditional predictive approach.
The Scrum Master should educate the product owner on the benefits of an adaptive approach and the potential risks of a predictive approach in the context of software development. The Scrum Master can explain that detailed schedules and cost estimates for a long period are not feasible in Scrum as the requirements and priorities can change quickly.
Instead, the Scrum Master can suggest that the team focuses on developing a high-level plan for the next sprint and adjusts it based on what they learn during the sprint. This approach allows the team to respond to changing circumstances and take advantage of new opportunities as they arise.
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fundamentally, economics deals with
Fundamentally, economics deals with scarcity.
Assuming humans have unlimited wants within a world of limited means, economists analyze how resources are allocated for production, distribution, and consumption. The study of microeconomics focuses on the choices of individuals and businesses, and macroeconomics concentrates,On the behavior of the economy as a whole, on an aggregate level. One of the earliest recorded economists was the 8th-century B.C. Greek farmer and poet Hesiod who wrote that labor, materials, and time needed to be allocated efficiently to overcome scarcity. The publication of Adam Smith's 1776 book,An Inquiry Into the Nature and Causes of the Wealth of Nations sparked the beginning of the current Western contemporary economic theories.
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when income changes, there is a _____ the _____ curve.
The answer is, when income changes, there is a shift of the demand curve in the blanks.
Just what is demand?Demand is the term used to describe a consumer's desire and willingness to purchase a good or service at a specific time or over time. In accordance with their budget for discretionary spending, consumers must also be able to afford the items they want or need.
What is an illustration of demand?The first slice of pizza, for instance, will have the most utility or benefit if a customer purchases it because they are hungry. With each new slice, utility decreases as the customer is more satisfied.
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what is the amount of insurance expense that should go through current year net income?
The amount of insurance expense that should go through current year net income is the portion of the insurance expense that relates to the current period.
The portion of the insurance expense is determined by the accrual accounting principle, which states that expenses should be recognized in the period in which they are incurred, regardless of when payment is made.
The exact amount of insurance expense that should go through current period net income depends on the specific terms and conditions of the insurance policy, as well as the company's accounting policies and practices. It is very important to take care of your insurance expense.
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time tickets are used in job order costing to:
Time tickets are used in task order costing to keep track of the time and costs associated with both direct and indirect labor in the production department.
What are time tickets?Each student is given a set time window during which to register.
A "time ticket" is the term used to describe this time period.
Students can access the Web Student Access System to view their assigned time tickets.
They keep track of a vendor's or an employee's activity.
Weekly or daily entries for time tickets are the two options.
Page 258 displays This Time Ticket.
Costs associated with customers are tracked via expenditure tickets, which also help with cost recovery.
In order to track the time and expense of both direct and indirect labor in the production department, time tickets are employed in task order costing.
Therefore, time tickets are used in task order costing to keep track of the time and costs associated with both direct and indirect labor in the production department.
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when only a portion of the units involved in a job are sold, the ______.
Unsold inventory or finished goods inventory refers to the remaining units in a work when just a fraction of them are sold.
Describe the workings of unsold inventory.Unsold inventory refers to products that have been finished but have not yet been sold. As this inventory builds up, the company may incur higher holding costs, such as those for storage and insurance. Unsold inventory may occasionally result in obsolescence or value declines if the products become antiquated or less in demand. Businesses that manage their inventories well can reduce the amount of unsold inventory and the costs associated with retaining it. Some businesses sell extra merchandise during yard sales and donate the earnings to a good cause. You will receive a tax write-off for doing this, which may result in you saving more cash than you would have by conducting a discount sale or negotiating with an inventory liquidator.
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