Which of the following is an example of electronic banking?
O
A. Reconciling your checkbook on your computer
O
B. Wiring funds from one account to another
O
C. Trading stocks
O
D. Researching online-only banks
Answer:
B. Wiring funds from one account to another
Explanation:
electronic banking can be defined as a process through which money is being transferred through electronic signal exchange rather than the traditional way of money exchange throug cheque or documents.
Electronic banking facilities that uses electronic equipment are;
ATMpoint of sale banking(POS)fund transfer serviceMobile Banking,etc.Answer: the answer is b. wiring funds from one account to another
Explanation:
Your coworker needs to communicate to the cleaning crew that it will need to come in during the holiday break. He is having trouble ending the letter and asks for your advice.
What tips can you offer him? Check all that apply.
Avoid endings that sound canned.
Use a canned ending to save time.
Blame others in the company.
Anticipate future relations and business.
I will offer the following tips:
Use a canned ending to save time.Anticipate future relations and business.Explanation:
Canned response is a kind of response given to the questions. These kinds of response are predetermined. They don’t solve the issues but the response will be related to the issue.
In the above scenario, my coworker wants to communicate to the cleaning crew. He wants to inform that they have to come during the holiday break. The problem is he was already engaged with the work. He doesn’t have time to listen my advice. So I decided to tell him that he should use a canned ending to save time and anticipate the future relations and business.
Final answer:
To effectively end a letter to the cleaning crew coming in during the holiday break, it is advisable to avoid canned endings, anticipate future relations and business, use a polite closing line, and avoid blaming others in the company. Personalization and professionalism should guide the closing of the letter to foster goodwill and future collaboration.
Explanation:
When advising on ending a letter to the cleaning crew that needs to come in during the holiday break, several key principles should guide the composition. Offering tips on how to wrap up this communication effectively, it is important to avoid endings that sound canned, as personalized messages tend to convey respect and appreciation more effectively. It is also crucial to anticipate future relations and business, which means ending the letter on a positive note that fosters goodwill and continued collaboration. To achieve this, include a polite closing line, use a professional complimentary close such as 'Sincerely' or 'Thank you,' depending on the formality of the relationship, and ensure that you proofread the email to confirm it conveys your message appropriately. Additionally, blaming others in the company is counterproductive and unprofessional, and using canned endings to save time can diminish the perceived value and sincerity of the message.
Providing good customer service in a distribution channel includes keeping promises, handling goods with care, and _____.
Providing good customer service in a distribution channel includes keeping promises, handling goods with care, and Paying attention to details.
What is meant by distribution channel?To get to the market, a good or service could go through a distribution channel. Through a direct distribution channel, which is often a website or physical store, a company can sell to customers directly.
Examples of distribution channels include distributors, wholesalers, retailers, and the Internet. Through a direct distribution channel, the manufacturer sells directly to the consumer. Several middlemen are used through indirect pathways before the product gets to the buyer.
The objective of any business is to provide a conduit or channel for distribution so that their product or service can be sold to consumers.
Thus, Providing good customer service in a distribution channel.
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What effects did the tax cuts of 2003 have?
A. They caused a balanced budget.
B. They caused the government to have a bigger deficit.
C. They caused the government to have a surplus.
D. They cased the government to call more tax cuts.
They caused the government to have a bigger deficit.
Answer: Option B.
Explanation:
Congress instituted significant tax reductions in 2001, 2002, and 2003. The demonstrations diminished negligible personal assessment rates; decreased charges on wedded couples, profits, capital additions, and on domains and endowments; expanded the youngster charge credit; and quickened devaluation for business speculation.
A 2006 Treasury Department study evaluated that the Bush tax breaks decreased income by around 1.5% GDP on normal for every one of the initial four years of their usage, a roughly 6% yearly decrease in income comparative with a pattern without those tax reductions.
Answer:
B. They caused the government to have a bigger deficit.
Explanation:
The Congress passed the JGTRRA - U.S. tax cuts into law on May 23, 2003, which reduced the tax rate on corporate dividends to 15%. Most families and business investors benefited from the tax cuts. The essence of the cut was to have beneficial effects on investment, because it was majorly on dividend and capital gains tax cuts.
Research latter proves that the fiscal policy adds $5.6 trillion to deficits from 2001 to 2018. Thus, government was made to record a bigger deficit. A fiscal policy is a government's decisions regarding spending and taxing.
Which of these is a good?
A fancy hair cut
An oil change with 20 point inspection
A rusted out car
A $4.00 car wash
Explanation:
Option A: A fancy hair cut option is given but it is not associated with any of the price. So we cannot say it is good or worth for the money.
Option B: It seems to be valid. But when we consider all the given options, there are better options than this.
Option C: Rusted means a brown layer formed on the body of the car. So we cannot say it is good. So this option too is invalid.
Option D: Normally car wash costs $10. It is worth to do a complete car wash with $4.00. This option is the best choice.
Final answer:
Marvin should evaluate the used cars beyond their purchase price, considering potential quality and future repair costs. The more expensive car may indicate higher quality, possibly leading to long-term savings. A thorough inspection with a mechanic's help should guide Marvin's decision between the $4,000 and $4,600 cars.
Explanation:
When contemplating which used car to buy, Marvin should consider not just the purchase price, but also the potential quality and future costs associated with each vehicle. If both cars appear similar in terms of mileage, exterior appearance, and age, the difference in price might indicate a difference in quality or condition not immediately apparent. Sellers of low-quality used cars might be pleased to sell their vehicles at a higher price point because it exceeds the value they expect.
Conversely, sellers of high-quality cars would be disappointed to let go of their vehicles for less than their worth. Marvin must consider that the $4,600 car could be of higher quality, leading to fewer repairs and lower costs in the long run, especially if the warranty coverage suggests that the seller of the higher priced car expects lower repair costs. Therefore, Marvin should thoroughly inspect both cars, possibly with the help of a mechanic, and weigh the upfront costs against the potential long-term savings on maintenance and repairs.
Candace has just landed her first job and has the long-term goal to one day buy a house. She needs help investing some of her money so that one day she can reach that goal. Candace begins to look for a financial advisor who can help her pick where to put her money so that it is safe and will grow. Name two qualities that Candace should look for as she chooses her financial advisor and state why those qualities are important.
Answer:
two qualities candace should look for...
Explanation:
understanding- she should look for someone who is understanding of her money and her time, with out that the financial advisor could be very careless
communication- they should be able to communicate with her about her money if there is ever a problem, and when she has the right amount to get her goal.
Candace should seek out a financial advisor who is both trustworthy, to ensure her funds are safe and her interests are prioritized, and knowledgeable, to navigate the complex financial markets towards the goal of buying a house. Trustworthiness and knowledge are demonstrated through certifications, reputation, industry experience, and a history of client success.
Explanation:Candace should look for a financial advisor who is both trustworthy and knowledgeable. A trustworthy advisor is critical because Candace needs to be sure that her money is in safe hands and that the advisor will act in her best interest. A knowledgeable advisor is important because they will be well-informed about the ever-changing financial markets and can help Candace make decisions that align with her long-term goal of buying a house. Trustworthiness could be indicated by certifications, a strong reputation, or a clean regulatory history, whereas knowledge might be demonstrated through industry experience, educational background, and a strong track record of client success.
Additionally, considering that it's difficult to predict the future of stock prices, a financial advisor who encourages education and deploying a diversified investment strategy can be beneficial. This would mean avoiding putting all investment into one category or industry, which could protect Candace's portfolio from significant losses if one sector was to perform poorly.
what is your view of abortion?
Answer:
that it is wrong.
Explanation:
Murder has been the worst crime for as long and anyone can remember. To put it in other words, shortening someone's life. Something worst that shortening someone's life, is preventing it at all. You can believe that a living person isn't alive till they're out of the body, but from my "veiw" they are.
Final answer:
Abortion is a complex and nuanced issue, tied to legal precedents, utilitarianism, individual rights, and religious and metaphysical views on personhood. Views on abortion span a spectrum based on cultural, ethical, and personal beliefs, with public opinion and laws varying widely both internationally and within countries.
Explanation:
Abortion Debates and Views
The topic of abortion has been a highly controversial and divisive social issue, stirring debates across legal, moral, and religious lines for nearly a century. The landmark Supreme Court decision of Roe v. Wade in 1973 and its reaffirmation in Planned Parenthood v. Casey (1992), which recognized the right to seek an abortion before fetal viability, highlight the legal side of the debate. Fetal viability defines the potential of the fetus to survive outside the womb, typically around 25 to 28 weeks of gestation.
Utilitarianism and liberal perspectives on individual rights play crucial roles in shaping opinions on abortion. Proponents often focus on the rights and autonomy of the pregnant person, while opponents emphasize the rights of what they may call the unborn child. Normative moral theories, religious beliefs, and metaphysical considerations about personhood also significantly influence these views. In countries like India, the practice of abortion intertwines with cultural preferences and ethical principles such as ahimsa (non-harming).
Public sentiment and lawmaking on abortion vary globally and within nations. Some oppose abortion on the grounds of religious convictions, traditional family values, or the perceived rights of the fetus, while others advocate for it based on women's rights, personal autonomy, or social equality. Recent political shifts have led certain U.S. states to impose strict abortion bans, impacting individuals' lives and aspirations. Notably, these policies affect not only reproductive choices but also have broader implications, such as on the pursuit of education or the right to vote when abortion is criminalized.
A steel mill raises the price of steel by 7% which results in a 20% reduction in the quantity of steel demanded. The demand curve facing the firm is ?
Answer:
Elastic demand
Explanation:
The price elasticity of demand is described as the sensitivity of demand to changes in its price. A product is price elastic when a small change in prices causes a significant change in quantity demanded. If a small change in price results in minimal impact in quantity demanded, the product is price inelastic.
Steel mill raised its prices by 7 percent. As a result, the demand declined by 20 percent. The demand decreased by a bigger rate than the change in price. It means a small change in price causes the demand to change significantly. Therefore, the demand curve is price elastic.
The demand curve facing the firm after a steel mill raises the price of steel by 7% is inelastic, which means that demand doesn't change much with price increases, while the supply curve shifts leftward when the cost of production rises, indicating lower quantities supplied at the same prices.
The demand curve facing the firm after a steel mill raises the price of steel by 7%, which results in a 20% reduction in the quantity of steel demanded, is typically more inelastic.
An inelastic demand curve suggests that the quantity demanded does not significantly decrease even when the price increases.
Conversely, a leftward shift of the supply curve indicates a decrease in the quantity supplied due to an increase in production costs, such as the rise in the price of steel used in manufacturing cars.
As an example, if the price of selling cars is fixed at $20,000, the quantity of cars supplied decreases from 18 million on the original supply curve (So) to 16.5 million on the new supply curve (S1), when the cost of steel increases, reducing profitability for car manufacturers.
However, if the price of steel decreases, making car production less expensive, we would see a shift in the supply curve to the right, from So to S2, where the quantity supplied increases at all prices, as illustrated by the increase from 18 million to 19.8 million at the $20,000 price point.
The act of influencing others to accomplish an objective is typically seen in which of the following environments?
a Business environments
b. Goverment environments
C. Military environments
d. All of the above
Explanation:
Business environment:
It is a collection of owners, customers needs and expectations, market trends, employees, supply and demand, suppliers, management, clients, activities by government, innovation in technology, social trends, economic changes,
Government environments:
Overall activities conducted towards the growth of the nation.
Military environment:
An environment where the citizens stands and stays in the border to protect their own nations from enemies and rivalries. The team works and ready to stay in any kind of environment.
Answer:
d
Explanation:
Which general area of specialization are you in if you are managing the accounting function for a large organization, such as one that trades on public stock exchanges?
You are in the _____________ specialization if you are managing the accounting function for a large organization, such as one that trades on public stock exchanges.
Answer:
Stock exchange accounting
Explanation:
In accounting, it is possible to specialize in many sub-areas such as finance, logistics, financial statements, fiscal area amongst many, many others. In this case, the accountant specialized in trading public stocks, which would demand of him knowledge in accounting in general, finance, stocks, market flow, sell-in sell-out, market strategies and all that applied to the public sector.
Answer:
Corporate accounting
Explanation:
"Corporate accounting: This role involves managing the accounting function for large organizations, including those that trade on public stock exchanges."
When deciding how to deal with negative feelings, why should you evaluate the causes of your issue?
a.
You might be able to avoid dealing with the issue this time
b.
You might be able to cope with future issues more easily
c.
You might be able to invent some excuses for your behavior
d.
You might be able to eliminate stress from your life
To deal with negative feelings we have to evaluate the causes of the issue as it would help in coping with future issues more easily.
Option b
Solution:
Any feeling that would make us sad or feel miserable can be classified as a negative feeling. Generally, negative feelings are a kind of alert that urges us that something in our life needs a change. We have to consider the feeling as a way of motivation to bring that change.
All that being said, we being humans, for some reason do not have the courage to understand the reality. and this why we to find some or the other way to overcome the negative feeling.
On evaluating or determining the ideas or thoughts or situation that induces the negative feeling, that is finding the causes that leads to negative feeling namely stress or sleep deprivation will help us to cope up with the future issues.
Answer:
the answer is b
Explanation:
Profits from a sole proprietorship are reported as taxable income and
Profits from a sole proprietorship are reported as taxable income and is reported on Schedule C (Profit or Loss From Business) of the proprietor's Form 1040 (US Individual Tax Return).
Explanation:
A sole proprietorship can be defined as the business ran or operated by a single individual. They are generally self-employed and must pay the self employment (SE) tax on the income that the individual earned from the business.
The Schedule C is the income statement of the proprietor for the financial year. To complete this schedule, the profit of the business is evaluated by including all the expenses and income with the cost of the sold goods.
The resultant is called the net income (income - expenses) of the business which is also known as the taxable income of the business.
Answer:
Profits from a sole proprietorship are reported as taxable income and are subject to a self-employment tax of approximately 15%
Explanation:
Textbook!!
bulbs and tubers are roots
Bulbs and tubers are underground stems and they are not roots.
Explanation:
A bulb is an underground storage organ formed from the plant stem and leaves. The body of the bulb is made up of layers of fleshy scales said to be leaves and at the bottom of the bulb is thin, flat disc called basal plate which is a compressed stem and the roots grow from this. The examples of bulbs are onions, tulips, narcisuss and lilies.
Tubers are food and energy storage structure like true bulbs.They are enlarged stem tissue and do not have a basal plate or papery tunic. The examples of tubers are potatoes, begonias and dahlias.
Thus Bulbs and Tubers are underground stems and are not roots.
Answer:
Yes
Explanation:
the interest paid on bonds issued by the united states government is less than the interest on many other forms of investment. Yet American citizens and people in other countries annually by billions of dollars in federal bonds. give reasons why many people choose this form of investment
Explanation:
People invest in bonds for various benefits in them and one of them is that the income is predictable. Also the interest paid is semi annually in federal bonds. The principal amount along with the interest amount can be earned when the bond matures. The risk of this investment is very low and there is no major price fluctuations.
Here the interest on investment is a steady income for the investors. Some of the bonds offers tax exemption benefits which can be state and local taxes for the citizens. Also these are issued by the government and there are no fraudulent activities involved.
What is the diference between a conflict based on a power struggle and a conflict based on a personality difference?
Answer:
Explanation:
A conflict is said to be power-based struggle when two or more individuals are fighting for control. For example, when two countries are fighting for superiority or when two men are fighting over a political post which leads to power struggle. on the other hand, a conflict is said to be personality difference based when two or more people conflict based on incompatible individual attitudes. For example, imagine two people in a room living together one takes care of the house , sweep , clean , and the other doesn't care about the tidiness of the room there will be a personality difference based conflict.
in a nut-shell
conflict based on a power struggle implies a power struggle while conflict based on a personality difference involves individual habits or attitude.
Answer:
either CTRL C what the other dude said or if you dont want a hella long one than here you go: conflict based on a power struggle implies a power struggle while conflict based on a personality difference involves individual habits or attitude.
Explanation:
what is the book value and market value if it was liquidated to day i would receive 7.65 million in cash after paying 9.5 million in current liabilities fixed assets are 22 million and capital is 8.5 million and the current assets could be sold for 35 million today
Answer:
The market value of capital would be 11.15 million
Explanation:
Book value of an asset is the value at which the asset and liabilities are currently reflecting in the balance sheet of a firm. The market value is the value at which these assets and liabilities are currently valued as per present market rates. For example : Land value normally appreciates over time and eventhough it is purchased at say $100.000/-, its present value market valuation rate could be $300,000/-. This is the difference between a book value and market value.
In this case, on sale of current assets, a profit of 13 million would be made. Out of this, 9.5 million current liability is paid. Remaining is 3.5 million. Cash received after paying current liabilities is 7.65 million. Hence adding 3.5million+7.65million = 11.15million is the market value of capital which was originally 8.5 million.
Book Value Market Value Difference
Capital 8.5 11.15
Current Liability 9.5 9.5
Current Asset 22 35 13
Paid for CL 9.5
Remaining value 3.5
Cash Recd 7.65
Mkt value of capital 11.15
(3.5+7.65)
The Olfert Contractors Inc are saving $958 very month in order to purchase a new paving machine in twelve years. Their saving certificates pay 6% compounded monthly. How much of the maturity value will be interest?
Answer:
$39,782
Explanation:
The balance at the end of 12 years will be the annuity value after 12 years.
the appropricate formulat for the annuity is
PV = P × 1 − (1+r)−n
r
For Olfert Contractors
PV is future value
P is $958
r is 6% or 0.06 % per year or 0.005 per month
n is 12 year or 144 compund periods
FV = 958 x 1-(1+0.005)144
0.005
FV = 958 x (1-0.487626284)
0.005
FV = 958 x 0.512373716/0.005
FV = 958 x 102. 2747
FV = 98, 170.00
Without the interest factor Olfert Contractors will contribute 958 per month for 12 years which will be
=958 x 12 x 12
=$137,952
The interest on maturity value will be
=$137,952 - $98,170
=$39,782
2. Calculate the social security that should be withheld on an income of $10,000 of an employee?
The amount of social security that would be withheld from the person with the income of 10000 $ would be $620.
Explanation:
The percentage of income pulled for the social security fund of the government is 6.2%from the employee and the same amount taken from the employer
Social security is the amount taken up specifically for surveillance, policing and civic rules and regulations and their upkeep for the people. As such the rates are taken from both the firm and the employed.
So, a 6.2%rate out of $10000 would come out to be
6.2 * 10000/100
= $620
Which is the amount that is payable to the government for tax.
Consider investing in a technology that reduces your annual costs by $10,000 into perpetuity. If the annualized discount rate is 4%, then what is the present value of the benefits from investing in the technology?
Answer:
$250,000
Explanation:
A perpetuity is an indefinite cashflows ; meaning they occur forever.
Formula for the present value of perpetuity is as follows;
Present value of perpetuity = CF / rate
Recurring cashflow = 10,000
discount rate; r = 4% or 0.04 as a decimal
PV of perpetuity = 10,000/0.04
PV of perpetuity = 250,000
Therefore, the present value of the benefits from investing in the technology would be $250,000
Select the statements that are true.
The amount of one currency that can be traded for a unit of another currency is the exchange rate.
Many exchange rates float, or constantly change.
It is best to travel abroad when the exchange rate gets you more units of a foreign currency.
Units of currency from different countries have the same value.
Explanation:
Exchange rate:
The "price or value of one country's currency" is exchanged for the price of "another country's currency value".The exchange rate always varies. It gets updated everyday.Exchange rates are calculated based on the value of "interest rate, trade, inflation, growth rate, employment and geopolitical conditions".There are two ways in which currency value is determined. A floating value is identified by the open market.We must travel to another country when we need more exchange rates.The true statements are that the exchange rate is the amount of one currency that can be traded for a unit of another currency, many exchange rates float and change constantly, and it is preferable to travel abroad when the exchange rate is favorable. Units of currency from different countries do not have the same value.
The amount of one currency that can be traded for a unit of another currency is indeed the exchange rate. This is true because an exchange rate defines the value of one currency in terms of another and it dictates how many units of one currency you can get with a unit of another. For instance, one might exchange U.S. dollars for euros when traveling to Europe, and the exchange rate will specify how many euros can be obtained per dollar.
It is also true that many exchange rates float, which means they are subject to change based on supply and demand within the foreign exchange market. These rates can fluctuate due to various economic factors, including interest rates, inflation, and political stability.
In practice, when preparing to travel abroad, it's beneficial if the exchange rate is favorable such that you receive more units of the foreign currency for your home currency. It means that your money will have more purchasing power in the foreign country.
Contrary to some beliefs, units of currency from different countries do not have the same value. Their value is relative and depends on the current exchange rate, which is influenced by the aforementioned economic conditions.
Describe two factors that can influence an individual company's stock price.
The two factors which can influence the stock price of a company can be the demand & supply factors and the Company's financial performance.
What is the stock price?The stock price is the value of stock that a company provides to its investors. It is the price at which the investors will buy the shares of a company.
The company's stocks are acquired and disposed of in the stock market by using the bid-ask process. The maximum price at which investors buy the stock is called the bidding price and the minimum price at which sellers disposed of the stock is the asking price. If the investors are more than the sellers then the ask prices will be moved out and the share prices tend to get higher in the market.
If the company's financial performance is good, that means a rise in profits, reduced debts, and more involvement of capital from investors, then it leads to an increase in the share price of a company. In contrast, if the company's financial performance is bad, that means an incurring loss, huge debts, and product failures resulting in a fall in the share price of a product.
Therefore, the demand and supply, as well as the financial performance of a company, will affect its stock price.
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In your words, tell us why you would be a great team member and what set you apart from other candidates
Explanation:
There must be some unique skill which makes one candidate stand apart from other team members. There are certain technical skill which is essential to work in the work place. But there are some soft skills which would make a team member unique. There are so many skill from which few are listed below.
1. Initiative:
Initiative is the skill which is actually expected from the upcoming leader. A person who takes initiative will surely start leading the team soon.
2. Taking responsibilities:
A person who takes responsibilities on his / her shoulder stands unique because he supports lot to bring up the team.
3. Team player:
This is one of the essential skill where he/she communicates with everyone and keep projects going on the right way. He can also solve issues which arises at times.
Which of the following is an example of a company using channel management? (Select the best answer.)
Answer: Examples of marketing channels include:
1.)Wholesalers.
2.)Direct-to-distributors.
3.)Internet direct.
4.)Catalogue direct.
5.)Sales team.
6.)Value-added reseller.
7.)Consultant.
8.)retail sales agent.
Explanation: Hope this helps please give brainliest!
Answer:
A company creates different ads for different types of customers.
Explanation:
did it on edg
Hello, this is for my business homework if someone could help me please:
the difference between risk and uncertainties for business with examples
Explanation:
Risk:
Risks are predictable to some extentIt is all about winning or loosingWe can understand and we will be prepared about the lossWe can make a decision depending on the loss whether to take the risk or notUncertainty:
This cannot be predicted and even we cannot measure the lossWe will not be prepared well in advance so it is a bigger challengeThis can be handled with the knowledge of crisis management6.) If your company has a large production-related task, such as assembling an airplane, what strategy could help you increase productivity.
A. Division of labor
B. Decreasing your use of technology
C. Raising price
D. Generalization
7.) Which of the following is a fixed cost for a company that sells greeting cards online and mails the printed cards to customers
A. Hourly workers who assemble and ship the cards
B. A paper cutting machine
C. The paper and glue to make the cards
D. Packaging and shipping costs
8.) Which type of utility can only be added by the maker of the product
A. Place Utility
B. Time Utility
C. Form Utility
D. Possession Utility
9.) Your company buys a car, and its value goes down over time. What is that process called?
A. A unit of sale
B. Depreciation
C. Interest
D. Leasing
10.) Which of the following is part of the cost of goods or service sold for a company that paints people's homes?
A. Fuel for the van
B. Paint
C. Flyers to promote the company
D. A can to travel to people's home
11.) If productivity increases significantly and demand is not very elastic, what is likely to happen.
A. Fewer workers will be needed
B. Division of labor will decreases
C. The number of consumers will increase
D. Demand will increase
12.) The law of diminishing returns is often used to analyze the ideal amount of which factor of production
A. Entrepreneurship
B. Labor
C. Land
D. Capital
13.) Which of the following is a way to increase possession utility for refrigerator?
A. Expanding the store hours
B. Providing a delivery service
C. Creating brochures about the product
D. Making a website with information about the product
14.) Economies of scale give an advantage to what type of company
A. Service-based company
B. A company that makes many sales
C. A company with many variables costs
D. A company with a small number of employees
15.) How is the value of a product determined
A. By its variable costs
B. By the number of workers who were involved in making it
C. By how much it cost the producer to make
D. By the amount a consumer is willing to pay for it.
6).Option A. Division of labor
Division of labor is defined as the allocation of various parts of a manufacturing process assigned to different people in order to increase the efficiency. Furthermore, distributing a job or task into many technical parts, among a single or few number of workers assigned to every part. In mass production division of labor plays a significant role. Division of labor is simply the division of tasks in , e.g, in a manufacturing plant. Each and every worker perform a certain duty. Which in results boosts efficiency and productivity.
7). Option B. A paper cutting machine
There are two types of costs namely variable costs and fixed costs. Fixed costs are the costs which are fixed an cannot be decreased or cut down in the short term. Fixed costs usually includes bill payments, physical structure of a company, rent, and machinery (in this case paper cutting machine). Variable costs are the costs which can be increased or decreased in the short term for example, labor and inputs. In case if a company is in financial loss situation or poor financial circumstances, the company can reduced their staff (labor) but the fixed costs cannot be cut down such as rent of the building or bills and most importantly machinery.
8). Option C. Form Utility
Form utility refers to the certain product or service that a company offers to its potential customers or clients. The value seen by a consumer or customer in the finished product is called Form utilities. The company emphasize on the increase in form utility by making of a product available for the final consumption on a way so that it is more beneficial for the customer in this form, rather than the materials in the raw form used to produce it.
9). Option B. Depreciation
Depreciation is defined as the monetary value of an asset reduced or decreased over the time due to its use, its wear and tear, and its obsolescence. Such as Machinery ( cars , machines), equipment (electronic devices, cell phones), currency. For example, when a new model of a car is launched the previous model loses part of it value or this could happen due to the use (wear and tear) or deterioration.
10). Option B. Paint
The cost f goods and services are the costs that must be included into the account of the costs of giving the services or making the products. In this case paint is the direct cost of goods and services for the company that paints houses. On the other hand flyers falls in the promotion costs. Whereas the van and the fuel used for commute are variable costs.
11). Option A. Fewer workers will be needed
In this case the increase in the productivity means increase in the production per worker. Like if the productivity increases definitely workers will become more productive which results in the production of more goods produced per worker and if the demand is in elastic or not very elastic (as in this case). Which means that the demand is not sensitive to the reduced or falling prices of goods then the definitely less or fewer workers will be needed to produce and supply the same amount of product.
12). Option B. Labor
The Law of diminishing returns could be applied to the three factors of production i.e. Land, Labor, and Capital, but it is commonly used to analyze the amount of production that will be attained by the adding additional unit of labor. Generally an additional unit of labor tend to produce diminishing levels of output for example, a worker will be able to produce 30 units per day, while on the other hand extra worker will produce only 27 units per day.
13). Option B. Providing a delivery service
Providing a delivery service is a way to increase possession utility for refrigerator. By making an increase in the possession in the way to ensure that you have the refrigerator or any other product that you are purchasing. Possession utility is the value which customers gets while buying a product. Possession is referred as the physical access of a product what a customer has purchased.
14). Option B. A company that makes many sales
Economies of scale is referred as where large organizations have the advantage over the small organizations. Which means the larger the organization selling and producing more products, the lower the cost compared to the small organizations. So an organization which makes larger sales has the cost advantages that the company will exploit by expanding their production size.
15). Option D. By the amount a consumer is willing to pay for it
The value of a product is calculated by the ratio of its quality to its price and Prices of products are determined by supply and demand. The greater the value of product, the better will be its position among competitors. Thus either increasing the quality or reducing the price of certain product will increase the chance that the consumer will select that product than the competing product. So the value of the product is determined by the amount a consumer is willing to pay for it.
List five things you should do if you are a victim of identity theft
Answer:
1. Placing a fraud alert on credit reports
2. Reviewing your credit report
3. Document everything
4. place a credit freeze
5. File an identity theft report
Explanation:
Firstly, you should place a fraud alert on your credit reports, which will give your creditors alert that they need further information before they exceed credit to you. This will also make lot more difficult for someone to open another credit line, because he/she has to verify your identitySecondly, you should review your credit report-once you get it review it for any missing or wrong information. You will gain the right to credit report once identity theft has been determinedThirdly, document everything-you need to stay organized and have detailed account of the progress you make. For instance, record the time and date of every made phone callConsider placing a credit freeze-this will enable current holder of your documents to extend credit line using your dataFile an identity theft report-this usually assumes visiting the nearest police departmenthow many times may customers use the same plate at a self service buffet ?
Answer:
The answer is that all self serve buffets have a rule of not allowing re-serving with a dirty plate (a plate that has been used once), so customers may use a plate once at a self service buffet, afterwards they must get a clean plate.
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1. Classify each of the following into the components of U.S. GDP: consumption expenditure, investment,
government purchases of goods and services, exports, or imports. Note any incident which would not be
counted.
A. A monthly check received by an economics student who has been granted a government grant
B. A farmer's purchase of a new tractor
C. An increase in business inventories
D. A barber is paid by an executive for a shave and haircut
E. A plumber's purchase of a two-year-old used truck
F. A purchase of a new car from Germany
G. A parts distributor builds a factory next to the Hyundai complex
Answer:
Classify each of the following into the components of U.S. GDP: consumption expenditure, investment, government purchases of goods and services, exports, or imports. Note any incident which would not be counted.
A monthly check received by an economics student who has been granted a government grant
Explanation:
A monthly check received by an economics student who has been granted a government grant does contribute to the GDP of US because it has nothing to do with investment, expenditure, government of goods and services, exports and imports
A feasibility study is aimed primarily at __________.
Answer:
accessing the viability of a business
Explanation:
Feasibility study is an evaluation that is carried out on a proposed business venture in order to ascertain the viability of the business. feasibility study helps to understand the positive and negative effects of the proposed business and prepare ones mind against any future risks that might want to arise. The feasibility study is aimed primarily at accessing the viability of a business
Select the correct answer.
Jamle is the accountant of a logistics company. In the month of December, $5,000 of wages remained unpald. The accounting period of the
company ends in the month of December. What will be the adjusting entry passed by Jamle?
A. Wages Account - Debit Wages Payable Account - Credit
B. Wages Account - Debit Cash Account - Credit
C. Wages Payable Account - Debit Bank Account - Credit
D. Wages Payable Account - Debit Wages Account - Credit
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The correct option is A
Explanation:
Under the accrual basis of an accounting system, an expense has to be booked in the period in which it is incurred whether such an expense has been paid or not.
The following Journal Entry will be passed in the books of accounts of a company:
Wages account will be debited with an amount of 5000 and Wages Payable account will be credited with an amount of 50000
Thus, the correct answer will be option A from the given options.