Though the most common items sold through Automatic vending machines are candy, snacks, and beverages, newer versions offer electronics as well. The correct answer is automatic vending.
Automatic vending machines are a common way of selling various items such as candy, snacks, and beverages. These machines are typically found in public areas such as airports, schools, and offices. The primary advantage of automatic vending is convenience as customers can easily purchase items without having to interact with a salesperson. However, vending machines are limited in terms of the types of products they can sell due to their size and design. In recent years, newer versions of vending machines have been developed that offer electronics such as headphones, phone chargers, and even laptops.
These newer vending machines are equipped with touchscreen displays, which allow customers to browse and select products. These machines have proven to be popular among consumers, particularly those who are always on-the-go and need access to tech gadgets. In conclusion, while candy, snacks, and beverages remain the most common items sold through vending machines, the introduction of newer versions that offer electronics has expanded their product range.
The convenience and accessibility of vending machines make them a popular choice for consumers who are looking for a quick and hassle-free shopping experience.The correct answer is automatic vending.
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At 111 units of output, marginal revenue is $8, marginal cost is $8, and average cost is $4. If consumers demand 111 units of output when the price is $10, what is the expected profit
The expected profit when producing and selling 111 units of output at a price of $10 per unit, with a marginal revenue of $8, marginal cost of $8, and average cost of $4, is $666.
The expected profit can be calculated using the following formula:
Profit = (Price - Average Cost) x Quantity
First, we need to calculate the quantity at which the price is $10. Since consumers demand 111 units of output at this price, we can assume that the quantity is 111.
Next, we can calculate the price minus the average cost, which is $10 - $4 = $6.
Finally, we can plug in the values we have:
Profit = ($6) x (111) = $666
Therefore, the expected profit when consumers demand 111 units of output at a price of $10 is $666. It's important to note that this assumes that there are no other costs or factors affecting the profit, such as fixed costs or changes in demand.
To calculate the expected profit, we first need to determine the total revenue and total cost for producing 111 units of output.
Total revenue is calculated by multiplying the price per unit by the quantity demanded, which in this case is $10 x 111 units = $1,110.
Next, we need to calculate the total cost. We know the average cost per unit is $4, so we can multiply that by the number of units produced (111) to find the total cost: $4 x 111 units = $444.
Now that we have the total revenue and total cost, we can calculate the expected profit by subtracting the total cost from the total revenue: $1,110 - $444 = $666.
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The primary determinant of portfolio returns is how the portfolio manager allocates funds across: Securities within an asset class. Different geographic regions. Various asset classes.
The primary determinant of portfolio returns is how the portfolio manager allocates funds across various asset classes, securities within an asset class, and different geographic regions. This allocation is often based on the portfolio manager's investment objectives, risk tolerance, and market outlook.
For example, a portfolio manager who is bullish on the technology sector may allocate a higher percentage of funds towards technology stocks within the equity asset class, while reducing exposure to other sectors. Similarly, a portfolio manager who is bearish on the US economy may choose to invest a larger portion of the portfolio in international equities or fixed income securities. The allocation decision is crucial because it affects the portfolio's overall risk and return characteristics. A well-diversified portfolio that spreads investments across various asset classes, securities, and geographic regions can reduce volatility and potentially enhance returns. On the other hand, a poorly diversified portfolio that is heavily concentrated in one asset class or region can expose the portfolio to higher risk and potentially lower returns. In summary, the primary determinant of portfolio returns is how the portfolio manager allocates funds across various asset classes, securities within an asset class, and different geographic regions. A well-diversified portfolio that is tailored to the investor's objectives and risk tolerance can potentially generate higher returns and reduce risk over the long term.
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in a ____ organization employees practice knowledge management by continually acquiring and sharing new knowledge and are willing to apply that knowledge in making decisions or performing their work
In a learning organization, employees practice knowledge management by continually acquiring and sharing new knowledge and are willing to apply that knowledge in making decisions or performing their work.
A learning organization is a type of organization that values continuous learning and improvement. It emphasizes the importance of personal and professional growth for employees and encourages them to share their knowledge and expertise with one another.
In a learning organization, knowledge management is a key part of the culture. Employees are encouraged to share their knowledge and learn from one another, and the organization provides resources and support to facilitate this process. As a result, the organization is able to adapt to changes in the marketplace and stay ahead of its competitors.
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Martin's has current assets of $600 and total assets of $2,900. The firm has total debt of $1,500 and long-term debt of $1,100. What is the current ratio
Martin's current ratio is 1.5 (assuming current liabilities of $400). However, this ratio should be interpreted cautiously, given the company's negative total liabilities and the fact that we had to make an assumption about its current liabilities to calculate the ratio.
However, we can calculate Martin's total liabilities by subtracting its total assets from its total debt. Martin's total liabilities can be calculated as follows:
Total liabilities = Total debt - Total assets
Total liabilities = $1,500 - $2,900
Total liabilities = -$1,400
This means that Martin's liabilities exceed its assets by $1,400, which is not a good sign. However, we can still calculate the current ratio using the information we have. Let's assume that Martin's current liabilities are $400 (we are not given this information, but we need to make an assumption to calculate the current ratio). We can then calculate the current ratio as follows:
Current ratio = Current assets / Current liabilities
Current ratio = $600 / $400
Current ratio = 1.5
This means that Martin's current assets are 1.5 times greater than its current liabilities. Generally, a current ratio of 2 or higher is considered good, as it indicates that the company has enough current assets to cover its short-term liabilities. A current ratio of less than 1 is considered poor, as it indicates that the company may have difficulty paying off its short-term debts.
It is important to note that the current ratio should be interpreted in the context of the industry and the company's specific circumstances. A company with a current ratio of less than 2 may still be financially healthy if it has a strong cash flow, low levels of debt, and a strong customer base. Conversely, a company with a current ratio of 2 or higher may still be struggling if it has low profitability, high levels of debt, and a weak market position.
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____ estimates, also called top-down estimates, use the actual cost of a previous, similar project as the basis for estimating the cost of the current project.
Analogous estimates, also called top-down estimates, use the actual cost of a previous, similar project as the basis for estimating the cost of the current project.
Analogous estimates, also known as top-down estimates, are one of the techniques used in project cost management. This method uses the actual cost of a similar, previous project as the basis for estimating the cost of the current project. This approach is suitable for projects where there is limited information available or when the project team does not have the necessary expertise to make accurate estimates. Analogous estimating relies on the assumption that the current project shares similarities with the previous project in terms of scope, complexity, and duration.
The estimate is made by taking the actual cost of the previous project and adjusting it based on the differences between the two projects. This approach is quick and cost-effective, as it does not require a detailed breakdown of project activities.However, there are some limitations to analogous estimating.
Firstly, the accuracy of the estimate is dependent on the similarities between the previous and current projects. Secondly, if the previous project was not managed efficiently or had significant cost overruns, the estimate may not be accurate. Lastly, this technique is less reliable when there are significant differences between the two projects.
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The records of Gemology Inc., included the following information: Net fixed assets, January 1 $ 125,000 Net fixed assets, December 31 75,000 Net sales 850,000 Gross margin 300,000 Net income 100,000 What is the fixed asset turnover ratio
The fixed asset turnover ratio for Gemology Inc. is 8.5.
How to calculate the fixed asset turnover ratioThe fixed asset turnover ratio is a financial ratio that measures how effectively a company is using its fixed assets to generate revenue.
Average net fixed assets = (Beginning net fixed assets + Ending net fixed assets) / 2
Average net fixed assets = ($125,000 + $75,000) / 2
Average net fixed assets = $100,000
Next, we can calculate the fixed asset turnover ratio
Fixed asset turnover ratio = Net sales / Average net fixed assets
Fixed asset turnover ratio = $850,000 / $100,000
Fixed asset turnover ratio = 8.5
Therefore, the fixed asset turnover ratio for Gemology Inc. is 8.5.
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Connolly Bank has a reserve requirement of 8%. Your mom deposits her most recent paycheck into her bank account at Connolly Bank, which results in an increase in excess reserves of $500. What is the maximum possible change in the money supply from this deposit?
The maximum possible change in the money supply from this deposit can be calculated using the money multiplier formula, which is 1/required reserve ratio. In this case, the required reserve ratio is 8%, so the money multiplier is 1/0.08, which is 12.5. This means that every $1 increase in excess reserves can potentially result in a $12.5 increase in the money supply.
The money multiplier formula is a theoretical model and the actual change in the money supply may vary due to various economic factors. Additionally, the Federal Reserve may also adjust the required reserve ratio to control the money supply in the economy. Therefore, while the maximum possible change in the money supply can be calculated using the formula, it's not always a reliable indicator of the actual change in the economy's money supply.
Therefore, since the deposit resulted in an increase of $500 in excess reserves, the maximum possible change in the money supply is $6,250 (500 x 12.5). However, it's important to note that this is the maximum possible change and actual change in the money supply may be less due to factors such as individuals holding onto their deposits as currency or banks choosing to hold onto excess reserves.
In conclusion, the maximum possible change in the money supply from your mom's paycheck deposit at Connolly Bank is $6,250, based on the required reserve ratio of 8% and the money multiplier formula.
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What similarities exist between perceptions about the competence and performance of workers with disabilities and older worker
The similarities between perceptions about the competence and performance of workers with disabilities and older workers include stereotypes, underestimation of abilities, and the need for accommodations.
Both groups often face stereotypes and negative assumptions about their competence and performance.
For instance, they may be perceived as less productive, less adaptable, or less capable of learning new skills. Additionally, their abilities may be underestimated due to these stereotypes, leading to fewer opportunities for career growth and advancement.
Furthermore, both groups may require certain accommodations to help them perform at their best, such as flexible work hours, ergonomic workstations, or assistive technology.
Summary: The perceptions about the competence and performance of workers with disabilities and older workers share similarities such as stereotypes, underestimation of abilities, and the need for accommodations to support their work performance.
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If initially the money supply is $1 trillion, velocity is 5, the price level is 1, and real GDP is $5 trillion, an increase in the money supply to $2 trillion increases the price level to ________ .
An increase in the money supply from $1 trillion to $2 trillion will increase the price level from 1 to 2.
If initially the money supply is $1 trillion, velocity is 5, the price level is 1, and real GDP is $5 trillion, we can use the equation of exchange (MV = PY) to find the new price level after an increase in the money supply to $2 trillion.
MV = PY
1 trillion x 5 = 1 x $5 trillion
The above equation tells us that the current nominal GDP is $25 trillion.
Now, if the money supply increases to $2 trillion, we can use the same equation to find the new price level:
2 trillion x 5 = P x $5 trillion
This equation tells us that the new nominal GDP is $50 trillion. Solving for P, we get:
P = ($2 trillion x 5) / $5 trillion
P = 2
Therefore, an increase in the money supply from $1 trillion to $2 trillion will increase the price level from 1 to 2.
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If Silvia receives a pay cut and the income effect outweighs the price effect on her labor supply decision, she will:
The impact of a pay cut on Silvia's labor supply decision will depend on the relative strength of the income and price effects.
If Silvia receives a pay cut, her labor supply decision will depend on how the income effect and price effect impact her decision. The income effect refers to the change in Silvia's purchasing power due to the pay cut, while the price effect refers to the change in the relative price of leisure and work. If the income effect outweighs the price effect, Silvia will likely reduce her labor supply. This is because her purchasing power has decreased, which reduces her ability to purchase goods and services. As a result, she may decide to work less to maintain her previous level of consumption. However, if the price effect outweighs the income effect, Silvia will likely increase her labor supply. This is because the relative price of leisure has increased due to the pay cut. As a result, Silvia may decide to work more to compensate for the loss of income and maintain her previous level of consumption.
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Overhead is usually calculated: a)tracking each indirect labor worker b)estimating the cost using a rate c)identifying the material waste not used in production
Option b: Overhead is usually/normally calculated: estimating the cost using a rate.
The fraction of a product's cost that can be directly connected to a specific cost unit is called the overhead cost. In other words, overhead is the broad name for costs spent during production. By virtue of its nature, it cannot be directly allocated to a unit of production; rather, it requires some analysis and calculation. Consequently, one method of determining overhead is to estimate the cost using a rate.
Overhead costs are expenses incurred during the production of goods or services. Overhead expenses are expenses that are not directly tied to productivity, such the cost of the corporate headquarters. Direct production-related costs are subjected to overhead rates in order to distribute or allocate the overhead in accordance with specific key metrics. For instance, based on the number of machine hours or labour hours necessary to create the product, overhead costs can be calculated at a predetermined rate.
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Gary has a health insurance policy with the following provisions: $550 deductible, $55 copay, and 80/20 coinsurance provision. If Gary has an accident that results in $3155 in medical expenses, how much will he have to pay out of pocket
Gary with all the given provisions and data of the medical expenses, he has to pay out of pocket $1,150.
Given Data:
Deductible=$550
Copay = $55
Co-insurance provision=20%
Medical insurance expanses = $3,155 x 20%
Medical insurance expanses = $631
Total expenses = $550 + $55 + $631
Total expenses= $1,236
Health insurance or medical insurance (also known as medical aid in South Africa) is a type of insurance that covers all or a portion of the risk that a person would need medical attention. Like/similar to other types of insurance, the risk is split between multiple parties.
Insurers can establish a regular financial structure by assessing overall health risks and healthcare system costs across risk pools. B. Monthly premiums or payroll taxes to provide funds for medical services provided under the policy. Benefits are administered by a central agency, such as a government agency, commercial enterprise, or private enterprise.
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A restaurant sells pizza at a rate of $10/slice. Expenses for the restaurant include raw material for pizza at $5 per slice, $100 as monthly rental and $50 monthly as insurance. How many slices should the restaurant sell in a month to break even
To break even, the restaurant needs to sell enough slices of pizza to cover its expenses. To calculate the break-even point for the restaurant, we'll use the following terms:
The break-even point is the number of pizza slices the restaurant needs to sell to cover all its expenses.
To find this, we'll consider the costs per slice, fixed expenses (rent and insurance), and the selling price.
The profit per slice is the selling price ($10) minus the cost of raw materials ($5), which equals $5 per slice. The fixed expenses are the monthly rental ($100) and insurance ($50), totaling $150.
To break even, the profit per slice multiplied by the number of slices sold should equal the fixed expenses: $5 * X = $150. Solving for X, we get X = $150 / $5, which is 30 slices.
So, the restaurant should sell 30 pizza slices in a month to break even.
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Under the Bretton Woods system of 1944-1973, member countries could re-peg their currencies up to _____, without permission of the International Monetary Fund.
Under the Bretton Woods system of 1944-1973, member countries were allowed to re-peg their currencies up to 10% without the permission of the International Monetary Fund (IMF).
The Bretton Woods system was established in 1944 to provide a stable international monetary system after World War II. Under this system, the US dollar was pegged to gold at a fixed rate, and other currencies were pegged to the US dollar.
The 10% limit on currency re-pegging was intended to prevent excessive currency fluctuations that could disrupt international trade and capital flows. However, some countries violated this rule and devalued their currencies beyond the permitted limit in response to economic pressures such as inflation, balance of payments deficits, or changes in the international economic environment.
The breakdown of the Bretton Woods system in 1973 was largely due to the US's inability to maintain the value of the dollar in the face of increasing inflation and balance of payments deficits. This led to the abandonment of the fixed exchange rate system and the adoption of floating exchange rates.
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Ami's cumulative earnings before the payroll period ended September 11 were $115,800. The cumulative earnings, including those of this payroll period, total $118,710. The amount of her current pay period earnings recorded in the Social Security Taxable Earnings column is
The amount of Ami's current pay period earnings recorded in the Social Security Taxable Earnings column is $2,910.
To calculate Ami's current pay period earnings recorded in the Social Security Taxable Earnings column, we need to subtract her cumulative earnings before the pay period from her total cumulative earnings after the pay period.
Total earnings for the pay period = Cumulative earnings after the pay period - Cumulative earnings before the pay period
Total earnings for the pay period = $118,710 - $115,800
Total earnings for the pay period = $2,910
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If real GDP equals 6,000, nominal GDP equals 12,000, and the price level equals 2, then what is velocity if the money stock equals 2,000
The velocity in this scenario is 6. Velocity is an important concept in macroeconomics as it measures how fast money is changing hands in an economy.
To calculate velocity, we need to use the equation:
Velocity = Nominal GDP / Money Stock
In this scenario, nominal GDP is given as 12,000 and the money stock is given as 2,000. Therefore, we can calculate the velocity as:
Velocity = 12,000 / 2,000
Velocity = 6
A higher velocity indicates that money is being used more frequently for transactions, which can lead to higher economic activity and growth. However, a very high velocity can also lead to inflation if the money supply is not increased at a similar rate. In this scenario, a velocity of 6 suggests that money is being used moderately in the economy, which may indicate a stable economic environment.
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Nash Inc. uses LIFO inventory costing. At January 1, 2020, inventory was $211,147 at both cost and market value. At December 31, 2020, the inventory was $283,194 at cost and $265,230 at market value. Use an allowance account. Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method (b) Loss method.
The use of an allowance account helps to ensure that inventory is properly valued on the balance sheet and reflects its current market value. This can be important for financial reporting purposes and for making informed business decisions.
Nash Inc. uses the LIFO inventory costing method, which means that the last items purchased or produced are the first to be sold. In this scenario, the company's inventory at the beginning of the year was $211,147 at both cost and market value. At the end of the year, the inventory was $283,194 at cost and $265,230 at market value.
To account for the difference between the cost and market value of inventory, the company will need to use an allowance account. An allowance account is used to adjust the value of inventory on the balance sheet to reflect its market value.
(a) Under the cost-of-goods-sold method, the necessary December 31 entry would be to debit Cost of Goods Sold for $18,917 ($283,194 - $265,230) and credit Allowance to Reduce Inventory to Market for the same amount. This entry recognizes the loss in value of the inventory during the year.
(b) Under the loss method, the necessary December 31 entry would be to debit Allowance to Reduce Inventory to Market for $15,917 ($265,230 - $211,147) and credit Inventory for the same amount. This entry recognizes the loss in value of the inventory from the beginning of the year to the end of the year.
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Classifying an electronic document is the first phase of the electronic records life cycle. a. True b. False
The given statement "Classifying an electronic document is the first phase of the electronic records life cycle" is b. False because The electronic records life cycle consists of several phases, and classifying a document is not the initial step.
The first phase in the electronic records life cycle is actually the creation or receipt of the record. In this phase, a document is either produced by an individual or organization, or is received from an external source, such as an email, an online form submission, or a downloaded file. This step is essential because it initiates the life cycle and ensures that the record exists in a tangible form.
Classifying a document, which involves assigning it to a specific category based on its content, purpose, or function, typically takes place during the subsequent phase known as organization and maintenance. This step ensures that the record can be easily located, retrieved, and managed throughout its life cycle.
After the organization and maintenance phase, the life cycle continues with the use and dissemination of the record, which involves sharing, distributing, or providing access to the document. The penultimate phase is the preservation of the record, ensuring its long-term protection, storage, and retention. Lastly, the life cycle concludes with the disposal or archival of the record, determining its final status, whether that be destruction or long-term preservation.
In summary, classifying an electronic document is not the first phase of the electronic records life cycle; instead, it is part of the organization and maintenance phase, which follows the initial creation or receipt of the record.
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When Jamal took over as CEO of the company, he made the drastic decision to close ten of the manufacturing plants in order to cut costs so the company could regroup and come out stronger by the end of the year. Which stage of organizational change does this represent
The decision made by Jamal, the CEO of the company, to close ten manufacturing plants to cut costs and regroup represents the "unfreezing" stage of organizational change.
In Lewin's Change Management Model, unfreezing is the first stage, where the existing patterns and structures within the organization are examined, and a need for change is identified. Jamal is creating a sense of urgency around the need for change by taking this drastic step to cut costs and prepare the company for future changes.
The next stage is "change," where new processes or systems are implemented to support the desired change. Finally, in the "refreezing" stage, the new processes or systems are reinforced and embedded into the organization's culture and operations to ensure the change is sustainable over time.
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If interest rates were lowered, we would expect the AD curve to shift. This will lead to a(n) ___________ in the price level and a(n) ____________ in the unemployment rate.
If interest rates were lowered, we would expect the AD (aggregate demand) curve to shift to the right. This will lead to a(n) increase in the price level and a(n) decrease in the unemployment rate.
Lowering interest rates makes it less expensive for firms and households to borrow money, leading to an increase in investment and consumption spending. As a result, the overall demand for goods and services increases, shifting the AD curve to the right. With higher demand, firms are able to charge higher prices, leading to an increase in the price level. At the same time, the increase in demand for goods and services will require firms to hire more workers, leading to a decrease in the unemployment rate.
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Sophie wants to apply a discount to a specific product in a customer's invoice. Which QuickBooks Online feature should she use to accomplish this
Sophie should make sure she has the "Discount" feature enabled in QuickBooks Online by going to "Settings," selecting "Account and Settings," and then navigating to the "Sales" tab. Here, she can enable "Discount" under "Sales Form Content."
Sophie can use the QuickBooks Online "Discount" feature to apply a discount to a specific product in a customer's invoice. This feature allows her to easily apply percentage or fixed amount discounts on individual items or the entire invoice. Here's how Sophie can do it:
1. Create or open an existing invoice.
2. Select the product she wants to apply the discount to, and enter the quantity and rate as needed.
3. In the next line, click the drop-down under "Product/Service" and choose "Discount."
4. In the "Description" column, she can provide a description for the discount, if desired.
5. In the "Amount" column, enter the discount amount or percentage, and ensure it's a negative number to subtract it from the total.
6. If using a percentage, she must type "%" after the number.
7. The discount will be applied to the specific product, and the invoice total will be updated accordingly.
Using the Discount feature ensures accuracy and professionalism when applying discounts to specific products in customer invoices.
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An annuity is: Multiple Choice Not used by lotteries today Never made up of equal payments A one-time payment A stream of payments
An annuity is a stream of payments made at regular intervals over a specific period of time.The answer is D.
These payments are typically made as a result of a financial contract, such as an insurance policy or retirement plan. An annuity can be made up of equal payments, which are paid out on a regular schedule, or it can be variable, with payments that change based on certain factors.
An annuity is often used as a means of generating income during retirement, as it provides a predictable stream of payments that can be relied upon to cover living expenses.
While annuities are not typically used by lotteries today, they are a popular financial instrument used by individuals and businesses alike to manage risk and generate income.
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In an employee-employer relationship, according to Friedman, the employee is bound to do what the employer says:_________ a) no matter what the employer wants the employee to do b) so long as everyone is following the norms of their society c) up to the point where doing what the employer says violates a third party's rights d) so long as doing so is consistent with the telos of business firms, and so contributes to overall human flourishing
so long as doing so is consistent with the telos of business firms, and so contributes to overall human flourishing.
According to Milton Friedman, the well-known economist and Nobel laureate, in an employee-employer relationship, the employee is bound to do what the employer says so long as doing so is consistent with the telos of business firms, and so contributes to overall human flourishing.
This means that employees should work towards the goals and objectives of the business firm, and their actions should contribute to the overall success and prosperity of the company, as well as society at large.
Option (a) is incorrect as it suggests that the employee must blindly follow any order from the employer, which is not what Friedman argues.
Option (b) is also incorrect as it suggests that the employee's obligation is limited to following societal norms, which is not the same as following the goals and objectives of the business firm.
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Consider the market for widgets. Widgets can be produced in the United States or abroad. Assume that U.S. consumers wish to buy the least expensive widgets possible. However, if widgets from all countries cost the same, consumers would prefer to buy domestically. If international trade is allowed, what is the equilibrium price
The equilibrium price in the market for widgets will depend on the supply and demand for both domestic and foreign widgets.
Assuming that U.S. consumers want to buy the least expensive widgets possible, foreign producers may have a cost advantage due to lower labor or production costs. Therefore, the supply of foreign widgets may increase, resulting in a downward pressure on prices. However, if all widgets cost the same, U.S. consumers would prefer to buy domestically, which would increase demand for domestic widgets and shift the equilibrium towards a higher price. The exact equilibrium price will depend on the relative supply and demand for both domestic and foreign widgets, as well as any trade policies or barriers that may affect the market.
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When the parties to a contract state the terms of the contract and show their intentions in words, either orally or in writing, what type of contract classification has been created
When the parties to a contract state the terms of the contract and show their intentions in words, either orally or in writing, they have created an express contract.
An express contract is a type of contract where the parties explicitly and specifically state the terms and conditions of the agreement, and their intentions are clearly expressed in words.
This type of contract can be either written or oral, and it may be a formal or informal agreement. Express contracts are often contrasted with implied contracts, where the terms of the agreement are inferred from the conduct of the parties rather than explicitly stated.
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At which stage of the product life cycle is a company likely to have its most complete product line?
A company is likely to have its most complete product line during the Maturity stage of the product life cycle. At this stage, the product has reached its peak in market share and profitability. Sales growth may be slower, but it is stable, and the market has become saturated with competition.
During the Maturity stage, a company has likely already gone through the Introduction and Growth stages. In the Introduction stage, the product is new to the market, and the company focuses on raising awareness and building a customer base. The Growth stage is characterized by rapid sales growth, increased market share, and the introduction of product variations or improvements.
In the Maturity stage, the company focuses on maintaining its market position by offering a comprehensive and complete product line. This may include a wide range of product variations, features, and options to cater to various customer segments and preferences. The company may also invest in promotions, advertising, and product improvements to maintain or increase its market share.
Additionally, the Maturity stage may involve price adjustments or cost reduction strategies to stay competitive and maintain profit margins. Companies in this stage must also monitor consumer trends and preferences, as well as competitor actions, to ensure their product line remains relevant and competitive.
To summarize, the Maturity stage of the product life cycle is when a company is likely to have its most complete product line, as it focuses on maintaining market position, offering product variations, and adjusting strategies to stay competitive in a saturated market.
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Suppose there are 10 identical firms in an industry and that each produces 10% of total market sales. The HHI for this industry would indicate that the industry is:
This industry would be considered highly competitive based on its HHI of 0.1.
To calculate the Herfindahl-Hirschman Index (HHI), we need to square the market share of each firm in the industry and then sum up those squares. In this case, we have 10 identical firms each with a market share of 10%, so we can calculate the HHI as follows:
HHI = (0.1)^2 + (0.1)^2 + ... + (0.1)^2 (10 times)
= 0.01 + 0.01 + ... + 0.01 (10 times)
= 0.1
Since the HHI ranges from 0 to 10,000, an HHI of 0.1 indicates that the industry is highly competitive with a large number of small firms competing for market share. In fact, an HHI below 1,500 is generally considered to indicate a highly competitive market. Therefore, this industry would be considered highly competitive based on its HHI of 0.1.
It is worth noting that the HHI is just one measure of market concentration and is not always a reliable indicator of market power or competition. Other factors, such as the number and size of firms in the industry, barriers to entry, and the presence of substitutes, should also be considered when assessing market competition.
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Newport Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $206,000. The equipment will have an initial cost of $905,000 and have a 6 year life. There is no salvage value for the equipment. If the hurdle rate is 10%, what is the approximate net present value
The approximate net present value of the new equipment is $92,181.
1. Initial cost, and hurdle rate. In this case, the annual increase in cash flow is $206,000, the initial cost is $905,000, and the hurdle rate is 10%.
2. the present value (PV) of the annual cash flow for each year. The formula for PV is:
PV = Cash Flow / (1 + Hurdle Rate) ^ Year
3. Sum the present values of cash flows for all six years to get the total present value.
4. Subtract the initial cost from the total present value to get the NPV.
Year 1: PV1 = $206,000 / (1 + 0.10) ^ 1 = $187,273
Year 2: PV2 = $206,000 / (1 + 0.10) ^ 2 = $170,248
Year 3: PV3 = $206,000 / (1 + 0.10) ^ 3 = $154,770
Year 4: PV4 = $206,000 / (1 + 0.10) ^ 4 = $140,700
Year 5: PV5 = $206,000 / (1 + 0.10) ^ 5 = $127,909
Year 6: PV6 = $206,000 / (1 + 0.10) ^ 6 = $116,281
Total Present Value = PV1 + PV2 + PV3 + PV4 + PV5 + PV6 = $187,273 + $170,248 + $154,770 + $140,700 + $127,909 + $116,281 = $997,181
NPV = Total Present Value - Initial Cost = $997,181 - $905,000 = $92,181
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During the recruiting process, prospective employees are asked to fill job application forms by a retail manager because these forms _____.
During the recruiting process, prospective employees are asked to fill job application forms by a retail manager because these forms provide the necessary information for the manager to evaluate the candidates' qualifications and suitability for the position.
Job application forms help the manager gather important details such as the applicant's education, work experience, skills, and references. This information allows the manager to assess whether the candidate meets the requirements for the job and determine whether to proceed with an interview or not.
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You purchased a share of Blyton Industries common stock 1 year ago for $37.50. During the year you received dividends totaling $0.60 and today the stock can be sold for $39.28. What total return did you earn on this stock over the past year
The every dollar you invested in Blyton Industries common stock, you earned a return of 6.3% over the past year.
To calculate the total return on your investment in Blyton Industries common stock over the past year, you need to consider both the capital gain and the dividend yield. The capital gain is the increase in the stock price from the time you bought it to the time you sold it, while the dividend yield is the amount of dividends you received as a percentage of the stock's price.
In this case, you bought the stock for $37.50 and sold it for $39.28, which represents a capital gain of $1.78. You also received dividends totaling $0.60, which is 1.6% of the stock's original price. Therefore, your total return on the stock over the past year is the sum of the capital gain and the dividend yield, which is $2.38 or 6.3% (1.6% + 4.7%).
This means that for every dollar you invested in Blyton Industries common stock, you earned a return of 6.3% over the past year. This is a respectable return, although it is important to remember that past performance is not necessarily indicative of future results and that investing always involves some degree of risk.
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