An entrepreneur is someone who identifies a market need, and conceives and initiates a new business venture to meet that need, enduring significant personal financial risk. They are typically visionaries who are willing to take risks and are involved in every aspect of their business.
Explanation:An entrepreneur can best be characterized as someone who conceives, launches, and operates a new business, often with considerable personal financial risk. They typically identify a market need, develop a business model, and actively participate in every facet of business operations. These individuals tend to be creative thinkers who possess a unique blend of vision, perseverance, and a willingness to take risks.
For instance, if someone recognized a demand for organic, home-delivered meals and decided to launch a company to satisfy that need, this individual would be considered an entrepreneur. They identified a gap in the market, took the initiative to start a business, and are willing to accept the potential risk associated with the venture.
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An entrepreneur can BEST be characterized as someone who takes risks in order to acquire profits. Thus, option (b) is correct.
Entrepreneur: A person who hires workers and buys resources in order to produce goods and services.Entrepreneurs are often called risk-takers because they invest their money and resources in ventures that have uncertain outcomes.They organize resources and engage in production with the hope of earning profits by identifying and meeting consumer needs.Successful entrepreneurs carefully calculate risks and weigh them against potential benefits before starting a project.An entrepreneur's willingness to take calculated risks is a key driving force in a market economy, leading to innovation and economic growth.Complete Question:
An entrepreneur can BEST be characterized as someone who:
a. tries to persuade officials to pass favorable laws.
b. takes risks in order to acquire profits.
c. signals businesses what and how much to produce.
d. seeks to engage in a voluntary exchange.
Windy Day Flags is a growing company that produces decorative flags and other whimsical garden accessories. Charla, owner and CEO, plans to purchase the small company that already provides their flag material; the purchase will cut Windy Day’s materials cost by half and bring over a few employees with very specialized knowledge and skills. Which knowledge acquisition is Charla using?a. reverse engineering.
b. grafting.
c. experimenting.
d. environmental scanning.
Answer:
Grafting
Explanation:
Grafting is the Acquiring of high-technology firms to gain access to their capabilities to innovate
It is a capability-based acquisition— a strategy that requires firms to integrate various dispersed knowledge-based resources and thus share knowledge to transfer the capability in question.
Since Charla, owner and CEO, plans to purchase the small company that already provides their flag material; and bring over a few employees with very specialized knowledge and skills; Charla is obviously practicing grafting.
Charla is employing grafting as a method of knowledge acquisition by purchasing a company to gain its specialized knowledge and reduce costs.
Explanation:In the scenario outlined, Charla, the owner and CEO of Windy Day Flags, is using grafting as a method of knowledge acquisition. Grafting involves acquiring knowledge by incorporating individuals or groups into an organization, often through hiring or mergers. In this case, Charla is acquiring the small company that already provides the materials for her business, thereby procuring specialized knowledge and cutting costs.
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Multidivisional structure is the simplest organizational structure that is based on direct lines of authority extending from the top executive to the lowest level employees of an organization.1. True2. False
Answer:
False
Explanation:
A multidivisional structure organizes the divisions of an organization in different units and each of them work independently, handle their operations apart from the other ones but the central management provides the direction of the company. According to this, the answer is false because the multidivisional structure doesn't have direct lines of authority from the top executive to the lowest level employees as divisions work separately.
Duffy is a passenger in a car that Caleb is driving when an accident occurs. Both Caleb and Duffy are emotionally rattled, but neither is physically hurt. Caleb is not liable to Dufy on a negligence theory because
a. both parties were emotionally rattled.
b. Caleb apparently did not intend to cause an accident.
c. Duffy must have been comparatively negligent.
d. Duffy was not injured
Both parties were emotionally rattled
Explanation:
Since both Dufy and Calen were emotionally rattled, Caleb is not responsible to Dufy. As the negligence theory puts, Comparative negligence is to be seen when both (plaintiff, accused) are in a state of negligence.
In simple words, it would mean that if the plaintiff was 10% negligent during the time of accident/mishappening than she would be responsible for only 90% of the recovery she has claimed.
Since here both were completely emotionally rattled, Dufy missed on a chance to convict the accused Caleb of causing an accident.
Gene Craft Inc. is the market leader in the pharmaceutical industry. Though most of its resources are common to those of its competitors, a few rare resources have helped the company gain and sustain a competitive advantage. Which of the following assets of Gene Craft Inc. is most likely to be considered a rare resource that is best contributing to its competitive advantage?
A. The company's land and buildings
B. The company's plant and machinery
C. The company's raw material supplies
D. The company's chemical patents
Answer:
The company’s chemical patents; option D
Explanation:
First, to properly answer this question, we need to know what is meant by the term competitive advantage.
The term competitive advantage refers to the availability of some conditions that places the company better as a superior business compared to its contemporaries. It simply refers to the surrounding or underlying circumstances that gives a business an edge over its competitors.
Now let’s look at the options given and evaluate their correctness.
A. Is wrong
The company’s land advantage does not confer any competitive advantage to the company
B is wrong
While this might be correct to an extent, it is not entirely correct. This is because even with a a high level plant and machinery, the unavailability of something tangible to be produced renders them
C is wrong
While it may be true to an extent, it is not correct in its entirety
D is right
This is because it is the actual drive that is making the product of the company compete better in the market. It is their patents that stands them out from competition
Answer:
The answer for the resources that is best contributing to Gene Craft's Inc competitive advantage as a market leaser in the pharmaceutical industry is option D) The company's chemical patents
Explanation:
Among all the options listed here, Chemical patents is the rare resource that is best contributing the competitive advantage Gene Craft Inc enjoys in the pharmaceutical industry.
Chemical Patent is the best move that prevents other companies from replicating the success that they currently enjoy as a manufacturer.
Chemical patents is a patent for an invention in the chemical or pharmaceuticals industry. It is backed up by legislation and any defaulting party is subject to prosecution and payment of damages that may accrue.
In the pharmaceutical industry, the patent protection of drugs and medicines is of utmost importance, because competitors are looking for drugs and medicines that sell to copy.
Significant research and development spending as well as high risks is associated with the development of a new drug but once another competitor sees the formula, they can easily copy same by analyzing the pharmaceutical substance.
To prevent this from happening and maintain the status of a market leader. Chemical Patent is the best competitive advantage.
Kia, a top-level manager in a software firm, is allocating the company's resources to meet the organization's long-term goals. She is also defining the organization's activities for the next five years. In this scenario, Kia is most likely contributing to developing the company's _____. a. single-use plan b. tactical plan c. strategic plan d. ad hoc plan
Answer:
C. Strategic plan
Explanation:
Strategic planning involves developing a business strategy, method of implementing the business strategy and finally evaluating the business strategy in order to see if it has achieve its goal. It is characterized by strategy formulation, implementation and evaluation. In this case, Kia is contributing to the strategic plan by allocating company's resources to meet the long term goals of the company and defining long term activities, that is, developing a business strategy.
Final answer:
Kia, as a top-level manager, is involved in strategic planning, setting long-term goals and defining organizational activities for the future. This is distinct from tactical or single-use planning, focusing on the broader vision and long-term success of the company.
Explanation:
When Kia, a top-level manager in a software firm, is allocating the company's resources to meet the organization's long-term goals and defining the organization's activities for the next five years, she is most likely contributing to developing the company's strategic plan. Strategic planning involves setting the long-term direction and goals for the entire organization and is generally the responsibility of top managers and executives, such as the CEO, along with function managers like the CFO and CIO. This type of planning is critical for aligning the company's operations with its long-term objectives and ensuring that the different functions, including IT and business objectives, work cohesively towards achieving these goals.
A strategic plan focuses on setting the long-term vision and goals, which are essential for shaping the future of an organization and guiding its overall decision-making process. It vastly differs from a tactical or single-use plan, which are more focused on mid-term and short-term activities and specific project-based initiatives. Thus, in Kia's role, the development of a strategic plan is inherent to positioning the organization for long-term success and ensuring that the management's actions are aligned with the broader organizational goals and strategies.
Onboarding programs help employees to integrate and transition to new jobs by making them familiar with corporate policies, procedures, cultures, and politics by clarifying work-role expectations and responsibilities.
Explanation:
The term on-boarding is a process handled mostly initiated by HR of the organization.
This is arranged for both newly recruited employees and for newly promoted employees
This would help the newly hired employees to know about the company, policies, procedures, expectations, responsibilities etc.
For the newly promoted employees, he would try to understand the new expectations and goals in a better way.
This is arranged to make "effective contribution" towards the company.
The objective of a best-cost strategy is to: a. Deliver superior value to value-conscious buyers at a comparatively lower price than rivals. b. Out-compete rivals using low-cost provider strategies. c. Translate its best-cost status into achieving the highest profit margins of any firm in the industry.
Answer:
a. Deliver superior value to value-conscious buyers at a comparatively lower price than rivals.
Explanation:
The objective of a best-cost strategy is to: Deliver superior value to value-conscious buyers at a comparatively lower price than rivals.
A best-cost strategy is built on product offering that guarantee customers better value for money by focusing both on low cost and upscale difference.
The ultimate goal of the best-cost strategy is costs and prices reduction to a point lower than other providers of similar products with comparable quality and features.
Suppose Microsoft announces it is cutting the prices of some of its software titles (mainly games) by 25 percent. Assuming that Microsoft is seeking to increase revenues, it must believe that the elasticity of demand for these products is
Full question:
Suppose Microsoft announces it is cutting the prices of some of its software titles (mainly games) by 25 percent. Assuming that Microsoft is seeking to increase revenues, it must believe that the elasticity of demand for these products is
a. elastic.
b. inelastic.
c. of unitary elasticity.
d. perfectly inelastic.
Answer:
Assuming that Microsoft is seeking to increase revenues, it must believe that the elasticity of demand for these products is elastic.
Explanation:
The elasticity of demand encourages companies to prognosticate variations in demand based on different factors including fluctuations in price and the market entrance of competitive goods.
Elastic demand is one in which the transition in quantity needed due to a variation in price is large. Products with familiar replacements manage to possess elastic demand. If the elasticity outcome is higher than or similar to one, the demand is supposed to be elastic. Patterns of elastic goods carry clothing or electronics
Final answer:
Microsoft's decision to cut software prices suggests it believes demand is elastic; a price decrease will lead to a proportionally larger increase in quantity demanded, raising revenues.
Explanation:
The student's question deals with the principle of price elasticity of demand which is a crucial concept in economics, specifically related to business and market strategies. If Microsoft chooses to reduce prices by 25 percent to increase revenues, it is based on the assumption that the demand for these software products is elastic. This means that the decrease in price is expected to lead to a proportionally larger increase in the quantity demanded, thus, resulting in a rise in total revenue. Elastic demand is characterized by consumers buying much more of the product when the price drops slightly.
Franklin, John, Henry, and Harry have decided to pool their financial resources and business skills in order to open up and run a coffee shop. They will share any profits or losses that the business generates and will be personally responsible for making good on any debt that their business undertakes.
Their business should be classified as a
Answer:
Their business should be classified as a Partnership.
Explanation:
The three major types of businesses are Sole Proprietorship, Partnership & Corporation. Sole Proprietorship has only one member and corporations have shared ownership and big in size. Partnerships are businesses in which a small number of people decide to pool in and start a business and are personally liable for any business debts. In this case the coffee shop opened by Franklin, John, Henry, and Harry would be classified as a Partnership.
Partnerships have a limited life and it will dissolve if any of Franklin, John, Henry, and Harry decide to leave the partnership unless stated otherwise in the charter of the partnership.
Which of the following systems would BEST support managers who focus on unique problems for which the procedure to arrive at a solution may not be fully predefined in advance? A. Business intelligence B. Executive support C. Management information D. Transaction processing E. Decision-support
Answer:
Decision-support system
Explanation:
Based on the information provided within the question it can be said that the best program for these managers would be a Decision-support system. A DSS is a computer program that is used by managers in order to support their determinations, judgments, and decisions that they make within an organization. It does this by analyzing piles of data and compiling readable information in order to help make and support the decisions.
Abbott Corp.'s attorney estimates that the company will ultimately have to pay between $350,000 and $500,000 relating to current litigation, and that the most likely amount of the loss will be equal to $400,000. Abbott Corporation should record a contingent liability and loss of
Answer:
$400,000
Explanation:
Contingent liability and loss is explained as a loss that may or may not occur depending on uncertain events. Amount recorded for contingency loss is based on of the loss can be reasonably estimated. In this case, since the loss is probable and easy to estimate, and most likely amount be equal to 400,000, the amount that should be recorded as contingent liability and loss should be $400,000. The contingent liability can only be recorded when the loss or liability can be estimated. Otherwise, it should be written as disclosed.
A customer has $24,000 to invest in mutual fund shares. The registered representative advises the customer to invest $8,000 on ABCD fund; $8,000 in DEFF fund; and $8,000 in XYZZ fund; to give the customer complete diversification and reduce risk. These 3 funds all have different sponsors. This action is:________ A) appropriate for the customer B) a violation known as a breakpoint sale C) a violation known as spinning D) a violation known as interpositioning
Answer:
A) Appropriate for the customer
Explanation:
By helping the customer divest his investment through placement in 3 different funds to reduce exposure in the event of failure is at best a conservative approach, which is the intrinsic nature of mutual funds. Low risk and fairly lucrative over time.
The customer's decision to invest equally in three different mutual funds, as advised, is appropriate because it aligns with the investment strategy of diversification. This approach mitigates risk by not concentrating the investment in a single fund or company, thus, is not a regulatory violation but a prudent investment choice.
Explanation:Investing in mutual funds is a strategy recommended by financial investors to achieve diversification. Diversification involves spreading out investments among various entities to reduce risk, akin to not putting all eggs in one basket. When a customer decides to invest an equal amount in three different mutual funds with different sponsors, as suggested, it is adhering to the principles of diversification. This strategy is designed to protect against significant losses that may occur if one focuses their investment in a single company or fund. Thus, the action described is appropriate for the customer.
It does not constitute a violation like a breakpoint sale, spinning, or interpositioning. A breakpoint sale refers to selling mutual fund shares in amounts just below the level for a reduced sales charge, spinning involves the practice of allocating IPO shares for an improper benefit, and interpositioning refers to the unnecessary inclusion of a third party between a broker and the best market for a client's transaction, which usually adds additional costs without any benefit to the client. The described investment strategy does not involve these practices but rather focuses on spreading investment risk by allocating funds into multiple mutual funds managed by different sponsors.
Harmonization of accounting standards:_______. A. Is the same as convergence of accounting standards.B. Always ensure resulting of comparable financial statements internationally.C. Forces accounting difference to be resolved through litigation.D. Refers to the reduction of alternatives while retaining a high degree of flexibility in accounting practices.
Answer:
A. Is the same as convergence of accounting standards
Explanation:
Harmonization of accounting standards mean the process of increasing the compatibility of accounting practices by setting bounds for the degree of variations.
The notion of harmonization can be replaced by the concept of convergence.
Harmonization of international accounting standards is an imposition of standards by economically superior countries.
True or False: If the equilibrium price of concert tickets were $50, a price ceiling of $40 will cause fewer people to attend classical music concerts than if there is no price control. True False
Final answer:
The statement is false because a price ceiling of $40 below the equilibrium price of $50 would result in a shortage, where the demand for tickets exceeds the supply. This could actually increase the number of people wanting to attend, despite fewer people being able to buy tickets at the lowered price.
Explanation:
The statement "If the equilibrium price of concert tickets were $50, a price ceiling of $40 will cause fewer people to attend classical music concerts than if there is no price control" is false. A price ceiling is a legally imposed limit on the price that can be charged for a product or a service. In this case, if the equilibrium price for concert tickets is $50, this means that at this price, the quantity of tickets that consumers want to buy equals the quantity that producers want to sell.
Setting a price ceiling below the equilibrium price, such as $40, typically results in a shortage: demand for tickets exceeds supply at that price point because consumers would want to take advantage of the lower price. This could actually lead to even more people attempting to buy tickets, though not all will be able to purchase them due to the limited supply. The shortage might also lead to non-price rationing mechanisms, such as long lines, favoritism in selling, or a black market where tickets could be sold at prices much higher than the equilibrium price.
Therefore, while it's true that fewer people would actually attend the concert because there would not be enough tickets at the price ceiling of $40, the demand to attend the concert would likely increase.
True. A price ceiling of $40 below the equilibrium price of $50 will result in fewer people attending classical music concerts due to the shortage of tickets created by excess demand at the lower price. The correct answer is option A : True.
True. A price ceiling of $40 imposes a legal maximum price below the equilibrium price of $50. This results in excess demand, where the quantity demanded exceeds the quantity supplied at the lower price. As a result, fewer people will be able to purchase concert tickets at the lower price due to the shortage created by the price ceiling.
This reduced availability of tickets may lead to fewer people attending classical music concerts compared to a scenario with no price control, where the market operates at the equilibrium price of $50.
Therefore, a price ceiling of $40 will cause fewer people to attend classical music concerts than if there is no price control.
A television commercial for an apparel brand urges viewers to call its toll-free number to place an order, immediately. The commercial announces a free gift hamper to consumers who place an order before midnight. The apparel brand is making use of
A. support advertising.
B. sales promotion.
C. ambient advertising.
D. direct-response advertising.
E. publicity.
Answer:
Direct-response advertising.
Explanation:
direct-response advertising is the method of advertising where the customers are urged to respond to the market throught the use of direct response mechanisms. Example of these devices are coupon to cut and mail, business card, toll free number, and hotspot to click.
When a television commercial for an apparel brand urges viewers to call its toll-free number to place an order immediately, and announces a free gift hamper to consumers who place an order before midnight. The company is using direct response advertising.
Answer:
Direct response advertising
Explanation:
In this scenario, the kind of approach being made use of by the television commercial is the direct response advertising.
What do we understand by this?
It is a kind of strategy that involves putting mechanisms in place in form of an attachment to the advert, telling or urging prospective customers to directly respond to the advert if they wish to. It is a kind of marketing strategy that makes it seamless for the potential customer to reach out to the company advertising its products.
Indicate whether the scenarios would result in an increase, a decrease, or no change in the long-run aggregate supply (LRAS) curve for a hypothetical economy. Each label may be used more than once.1. The mandatory retirement age in Wonkaland is abolished. 2. Wonkaland's main export is candy. Candy from this country increases in popularity as consumers all over the world want to buy Wonkalandian candy. 3. Since candy from Wonkaland has become an international sensation, factories in Wonkaland double the number of candy making machines. 4. The top candy companies in Wonkaland chose to relocate their means of production to other countries around the world.
Answer:
1. The mandatory retirement age in Wonkaland is abolished.
INCREASE IN THE LONG RUN AGGREGATE SUPPLY CURVE: greater use of labor2. Wonkaland's main export is candy. Candy from this country increases in popularity as consumers all over the world want to buy Wonkalandian candy.
NO CHANGE IN THE LONG RUN AGGREGATE SUPPLY CURVE3. Since candy from Wonkaland has become an international sensation, factories in Wonkaland double the number of candy making machines.
INCREASE IN THE LONG RUN AGGREGATE SUPPLY CURVE: greater use of capital investments4. The top candy companies in Wonkaland chose to relocate their means of production to other countries around the world.
DECREASE IN THE LONG RUN AGGREGATE SUPPLY CURVE: lower use of capital investmentsExplanation:
The long run aggregate supply curve is only affected by changes in capital, labor and technology. If the use of these factors increases, the LRAS curve will increase, if their use decreases, then the LRAS curve decreases.
Procter & Gamble markets its popular multipurpose cleaner as Mr. Clean in North America and Asia but uses several different brand names like Maestro Limpio and Mr. Proper in other parts of the world. These differences arise because P&G is a(n) ________ firm.
Answer:
Multinational firm
Explanation:
Multinational firm ( MNC ) -
It refers to as an organisation working in any other country , which is responsible to control the production of the goods and services , is referred to as multinational firm .
It is also known as a transnational enterprise and multinational enterprise (MNE) .
Hence , from the given scenario of the question ,
The correct answer is multinational firm .
If DIV0 is the dividend just paid by a stock that you own, DIV1 is the next expected dividend, P0 is the price you paid for the stock and P1 is the price you expect to receive when you sell it, then the dividend yield can be calculated as __________. dividend yield = (DIV1 + P1)/P0 dividend yield = DIV1/P0 dividend yield - DIV0/P0 dividend yield = DIV1/P1
Answer:
Option B Dividend Yield = DIV1/P0
Explanation:
The reason is that the return received (dividend) now D1 must be appraised by the investment made in the shares which is the amount paid when the investment was made and here is presented by Po.
So the dividend yield is:
Dividend Yield = DIV1/Po
Final answer:
Dividend yield is calculated using the formula 'dividend yield = DIV1/P0', which shows the expected return from dividends relative to the stock's purchase price.
Explanation:
The dividend yield can be calculated as dividend yield = DIV1/P0. This formula represents the return on investment from dividends in relation to the price paid for the stock. The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price. To calculate this, you take the next expected dividend payment (DIV1) and divide it by the price you paid for the stock (P0). This does not take into account the expected selling price (P1) of the stock or the dividend just paid (DIV0).
The value of a stock is determined by its expected future cash flows, which includes dividends and the sale price of the stock when it is sold. The calculation of the dividend yield is a key component in evaluating the income generating potential of a stock as an investment.
Serrano, a clothing and apparel company, suffered major losses when one of its warehouses was destroyed in a fire mishap. In an attempt to make up for these losses, it had to sell one of its product lines to a rival company. Which of the following grand strategies was used by Serrano in this scenario?a. The stability strategyb. The growth strategyc. The retrenchment strategyd. The acquisition strategy
Answer:
retrenchment strategy.
Explanation:
The retrenchment strategy is a way that businesses reduce cost in order to become financially stable. Usually this strategy is used when a business withdraws from a particular market or stops offering a product or service with the hope that it will gain positive financial results.
There are three type the turnaround strategy, divestment strategy, and liquidation strategy.
In the given instance due to fire aserrano decided to sell one of its product lines in order to recover it's losses.
Which person is responsible for the financial support of the production and, working closely with the director, also contributes to many "directorial" decisions in the production process?
Answer:
The correct answer is The producer.
Explanation:
Production managers are the professionals who guarantee the proper functioning of a company's production.
Most production managers have responsibilities both at the factory and in the office. They often act as a liaison between factory administrators and senior management of the company. The particular characteristics of their work vary according to the industry for which they work.
Its functions include:
The planning and supervision of employee work; Supervision of production or manufacturing processes in manufacturing companies; Stock control and warehouse management; The resolution of incidents (such as machinery breakdowns, for example); The management of material resources; The search for strategies to increase the efficiency and effectiveness of production; Innovation and the design of products or services, etc.A customer purchases an item from an e-commerce site. The e-commerce site must maintain proof that the data exchange took place between the site and the customer. Which feature of digital signatures is required?a. authenticity of digitally signed datab. integrity of digitally signed datac. nonrepudiation of the transactiond. confidentiality of the public key
The feature of digital signatures required is: C. nonrepudiation of the transaction.
The required feature of digital signatures in this context is C. Nonrepudiation of the transaction. Nonrepudiation ensures that the customer cannot deny their involvement in the transaction, providing a legally binding proof of the data exchange between the e-commerce site and the customer. Digital signatures, through cryptographic techniques, guarantee the authenticity of the signed data (option A), maintaining the integrity of the exchanged information (option B). However, nonrepudiation specifically addresses the accountability aspect, preventing the customer from later denying their participation in the transaction. This feature is essential for maintaining trust in electronic transactions and holds legal significance by establishing a reliable record of the customer's agreement and involvement in the purchase.
Question:
A customer purchases an item from an e-commerce site. The e-commerce site must maintain proof that the data exchange took place between the site and the customer. Which feature of digital signatures is required? A. authenticity of digitally signed data
B. integrity of digitally signed data
C. nonrepudiation of the transaction
D. confidentiality of the public key
Final answer:
The nonrepudiation feature of digital signatures is required to maintain proof of a data exchange between an e-commerce site and a customer, ensuring that neither party can deny the transaction.
Explanation:
When an e-commerce site needs to maintain proof that a data exchange has taken place with a customer, the nonrepudiation feature of digital signatures is required. Nonrepudiation prevents either party from denying the validity of the digitally signed document, ensuring that a customer or the site cannot later claim that the transaction did not occur. This is essential for legal and verification purposes, and is achieved through cryptographic signing, which assures that the person with the corresponding private key to the public key used to verify the signature was the one who signed the document.
In the context of e-commerce transactions, authenticity ensures that the parties involved are who they claim to be, while integrity confirms that the data has not been tampered with during transmission. However, it is nonrepudiation that provides the undeniable proof of the transaction's occurrence.
In 2010, U.S. gross domestic product (GDP) was roughly $14.6 trillion. Given that the U.S. population was roughly 308 million people, per capita GDP in the United States in 2010 was roughly:_______.a) $4,760 b) $47,403 c) $0.22. d) $475,990 e) $22,000
Answer:
B) $47,403
Explanation:
GDP per capita = total GDP / total population
GDP per capita in 2010 = $14,600,000,000,000 / 308,000,000 people = $47,402.60
This is the GDP per capita in nominal or current dollars, not the real GDP per capita which is calculated using base dollars. The GDP per capita is useful to compare how different economies are performing, but it is not a good indicator of individual wealth within a country.
What characteristic of water accounts for the fact that coastal regions do not experience such large temperature variations as landlocked areas? Please choose the correct answer from the following choices, and then select the submit answer button. Water is a good solvent. Water has a low density as a solid. Water molecules are cohesive. Water has a large heat capacity. Water has a high surface tension.
Answer:
Option D; WATER HAS A LARGE HEAT CAPACITY.
Explanation:
Heat capacity is the amount of energy required to raise the temperature of a substance by 1°C. This activity demonstrates that water has a higher heat capacity than water.
A large body of water has a higher heat capacity than land, meaning it takes more energy to warm and cool the temperature of water.
Everyday, the land heats much faster than the sea and every night the land cools faster. When the land heats up, the air above it heats up as well. On the other hand, the ocean heats up and cools down relatively slowly. Therefore, areas near the ocean generally stay cooler during the day and have a more moderate temperature range than inland areas.
The characteristic of water that accounts for the fact that coastal regions do not experience such large temperature variations as landlocked areas is that WATER HAS A LARGE HEAT CAPACITY.
About 10 years ago you founded an energy company that operates as a privately-held corporation with only limited stock ownership. You are considering selling stock to the public for the first time through an initial public offering. All of the following are disadvantages for taking a company public except:
a.going public is costly.
b.financial reports would have to be made available to the public.
c.you would get an influx of cash that doesn't have to be paid back.
d.you would be responsible to shareholders who would expect favorable short-term performance.
Answer:
you would get an influx of cash that doesn't have to be paid back.
Explanation:
Initial public offering of a companie's shares is opening the purchase of company shares to the general public. This gains more funds for the company to run its operations and better make profit.
One major advantage of going public with an IPO is that it provides an influx of cash that does not need to be paid back.
When cash is obtained from sale of shares to the public it is not paid back to shareholders.
If shareholders want to get their money back they will sell the shares on the secondary market to others that want to buy the company shares.
Krista goes to a store to buy a new liquid soap dispenser. When she purchases a new dispenser from the store she gets two liquid soap refill packets for free, as part of a promotional offer, but she will need to purchase refills later. In this scenario, the pricing strategy used for the soap dispenser is ________ pricing. Multiple Choice product line captive variable reference prestige
Answer:
Captive pricing
Explanation:
Captive pricing is the pricing of products that have both a "core product" and a number of "accessory products.". In the question, when she purchase a dispenser(core product) she gets two liquid soap(accessory product) for free, so the pricing strategy to engage is the captive pricing.
Final answer:
The pricing strategy used for the soap dispenser in which the main product is sold with complementary products is known as captive product pricing.
Explanation:
In the scenario where Krista buys a new liquid soap dispenser and receives two free liquid soap refill packets, the pricing strategy used is captive product pricing. This strategy involves pricing the main product (the soap dispenser) at a standard rate, while the consumable products (the soap refills) are priced to generate ongoing revenue. The dispenser is priced to encourage purchase and the refills, needed to continue using the primary product, are where the retailer makes most of the profit.
Which of the three limitations of the Payback Rule can be overcome with a modification to it? Gives equal weight to all cash flows arriving before the cutoff period Does not consider cash flows after the payback period Biases the firm against long-term projects in favor of short-term ones
Answer:
Gives equal weight to all cash flows arriving before the cutoff
Explanation:
The payback period measures how long it takes for the amount invested in a project to be recovered from a project.
A project with a shorter pay back period is favoured over projects with longer payback periods.
The payback period gives equal weights to all cash flows before arriving at a cut Off. The discounted payback period remedies this by discounting cash flows.
I hope my answer helps you
Answer:
Gives equal weight to all cash flows arriving before the cutoff period
Explanation:
The discounted payback gives equal weight to all cash flows arriving before the cut off period because it takes into account the time value of money by discounting the cashflows.
The discounted payback period is a capital budgeting method used to determine the level of profitability of a project by discounting its cashflows in order to get their present values.
The discounted payback period gives the actual number of years it takes to return the initial capital outlay, by discounting future cash flows and recognizing the time value of money.
Stephanie is looking to replace her coffee maker that only makes four pots of coffee. She wants a coffee maker that produces more, but has very little space in her kitchen. ___________ describes a requirement (must have) characteristic when Stephanie purchases her coffee maker?
Answer:
The size of the coffee maker describes a requirement characteristic when Stephanie purchases her coffee maker
Explanation:
Stephanie has a space constraint in her kitchen as well as output constraint with respect to the existing coffee maker,hence,in resolving the two issues she has opted a smaller coffee maker that can turn out more coffee pots.
In order to strike a balance between two opposing views,Stephanie could either create more to accommodate a bigger coffee maker or buys a smaller super-efficient coffee maker that is more expensive.
Without, I think Stephanie would prefer the latter suggestion
If the market for wedding cakes is perfectly competitive, and wedding cakes sell for $95 each, then at her profit-maximizing level of output, Sarah will earn a ______ of ______ per day.
Answer:
Blank 1: Loss
Blank 2: $15
Explanation:
Following table is necessary for the calculation required:
Number of cakes per day: 0, 1, 2, 3, 4, 5, 6
Total cost per day: $100, $180, $220, $300, $400, $520, $660
The workings are attached in the document below:
To determine Sarah's daily profit from selling wedding cakes in a perfectly competitive market, we need to know her marginal costs and the quantity of cakes sold. Profit is maximized when marginal cost equals marginal revenue, which is the market price in perfect competition. Without these costs, we cannot calculate exact profits but can understand the profit-maximization principle with an example from a different business.
Explanation:The question refers to finding the profit-maximizing output level for Sarah's wedding cakes in a perfectly competitive market where each cake sells for $95. To determine Sarah's profits, we would need to know her costs associated with producing the wedding cakes. However, since these details are not provided, we cannot calculate her exact profit. Typically, in a perfect competition, profit is maximized when a firm's marginal cost (MC) equals its marginal revenue (MR), which is the price of the product in this market structure. Therefore, if Sarah's marginal cost of making a wedding cake is less than $95, her economic profit per cake would be the difference between $95 and her MC. Multiplying this profit per unit by the number of cakes she sells per day would give us her total profit.
In a scenario exemplified by Mama's pizzeria, where the marginal cost and the average total cost can be determined, the profit per unit can be calculated. For instance, if Mama's sells pizzas for $10.40 each and the cost per unit is $9.20, the economic profit per unit is $1.20. Given a production of 2,150 pizzas per week, the total economic profit amounts to $2,580 per week. Similarly, for Sarah's wedding cakes, we would need to know her costs per cake and the quantity produced to calculate her profits accurately.
During the Bretton Woods Period the dollar was pegged to the gold at $35/oz. The German mark was pegged to the dollar at DM10/$. If the price of gold in pounds was £17.5/oz. What was the exchange rate between the German mark and the british pound?
Answer: 20 DM/GBP
Explanation:
The exchange rate is determined by following conversion:
[tex]x = (\frac{10 DM}{1 USD})\cdot (\frac{35 USD}{1 oz}) \cdot (\frac{1 oz}{17.5 GBP} ) \\x = 20 \frac{DM}{GBP}[/tex]
Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. What is the unemployment rate?
Answer:
The unemployment rate is 8.3%
Explanation:
The formula for computing the unemployed rate is as follows:
Unemployed rate = Number of Unemployed persons / Labor Force
The labor force is the aggregate of the unemployed and the employed persons. So, through dividing the number of the persons who are unemployed through labor force.
In this case, it is computed as:
Number of unemployed persons is 0.25 million
Labor force = Population × Participation rate
= 4 million × 75%
= 3
Therefore, the unemployment rate is as:
Unemployment rate = 0.25 / 3
= 8.3%