Answer:
Hazard
Explanation:
A(n) Hazard is a category of object, person, or other entity that poses a potential risk of loss to an asset.
By definition, a hazard is any object or entity that is potentially harmful persons, property, or place.
Hazards could be referred to as unsafe condition(s) that if not eradicated could material and cause damage to assets in the production floor or any place
The Do It Yourself Hardware Store is a monopolistically competitive firm. Its marginal revenue curve
A. lies below its demand curve intersecting the quantity axis at the same point at which the demand curve intersects it.
B. is below its demand curve if demand is elastic and above the demand curve if demand is inelastic.
C. is identical to its demand curve.
D. lies below its demand curve intersecting the quantity axis midway between the origin and the point at which the demand curve intersects it.
Answer: The marginal curve lies below its demand curve intersecting the quantity axis midway between the origin and the point at which the demand curve intersects it.
Explanation:The marginal curve is negatively sloped because a monopolistic competitive firm is a price taker. Firms in a monopolistic competitive market are similar and are only differentiated by the physical appearance of the product and marketing strategy of the firm, this mean the competition is stiff and in order to sell an extra unit of a product the firm must reduce its selling price just a little below the prevailing market price or price of competitors. Hence, Marginal revenue is lower than Average revenue
Property rights are legally established titles to the ownership, use and disposal of _____ and goods and services that are enforceable in the courts. A. environmental factors B. factors of production C. land D. capital
Answer: (B) Factor of production
Explanation:
The factor of production is the term which refers to the various types of resources, labor, capital and the land are the factors of the production. The production of the goods and the services are basically use for producing the economical profits.
The factor of production are majorly used for producing and also creating the various types of products in the market for the purpose of building the economy.
According to the given question, the property rights establishing the title of the given ownership of the products and the factor of production which us enforceable in courts.
Therefore, Option (B) is correct answer.
T/F A market-oriented organization focuses on making products identical to its competitors' offerings
Answer: False.
Explanation:
A market oriented business doesn't focus mainly on making products offered by their market competitors. A market oriented business is a form of business that identifies customers needs and creates products that meets those needs.
Variable universal life insurance policies:
A. have fixed premiums and a fixed benefit payout.
B. have fixed premiums but allow the benefit payout to vary with investment returns.
C. have a fixed benefit payout but allow the premium to vary with investment returns.
D. allow both the premium and benefit payout to vary with investment returns
Answer:
D. allow both the premium and benefit payout to vary with investment returns
Explanation:
Variable universal life insurance policies allow both the premium and benefit payout to vary with investment returns. In the variable universal life insurance policy it is flexible and gives insured with the option to invest as well as alter the insurance coverage with ease. Policyholder has the option to decide the amount and the frequency of premium payment in a specific limits.
"A(n) ________ is a name, term, sign, symbol, design, or a combination of these, that identifies that maker or seller of a product or service."
Answer:
Brand
Explanation:
Brand is the marketing strategy that makes the distinct product of the company from the other company dealing in the same type of products.
It could be name, term, sign, symbol, design, etc so that an individual can make a difference and interpret that this product is of which company.
Most people are brandholic they purchase the product from their particular brands.
The motive of the brand is to know the company products either by worth of mouth or by their distinctive features.
Managers in a home improvement company have been having problems with employees starting cliques. To develop more of a team culture, the CEO suggested utilizing Mary Parker Follett’s belief: companies should________________.
Answer:
Operate as a community, with employees working in harmony.
Explanation:
Community engagement is the ability to generate positive, noticeable change for both the societies you function in and your corporation. Sources of community participation include in-kind and charitable contributions, service days for staff, ongoing collaborations with non-profits and more.A nice and peaceful work environment is one where all employees are treated with respect and dignity, and thus no worker is harassed by conduct connected to religious preferences.Wims, Inc., has current assets of $3,900, net fixed assets of $26,500, current liabilities of $3,400, and long-term debt of $7,500. a. What is the value of the shareholders' equity account for this firm?
Answer:
equity = $19500
Explanation:
Given data:
current assets $3900
net fixed assets $26,500
current liabilities $3400
debt = $7500
Total liabilities = current liabilities + long term debt
= 3400 + 7500 = $ 10,900
Total assets = current assets + net fixed assets
= 3900 + 26,500 = $30,400
We know
total assets = total liabilities + equity
30400 = 10900+ equity
equity = $19500
In pre-colonial Central America, the cocoa seed served as a medium of exchange. The use of cocoa seed for transactions was possible because it was:
Answer:
It was accepted as a method of payment among the natives.
Explanation:
The main reason why an item is taken as currency is that all parties involved accepted as a medium of exchange.
Also it retain his value over time. As the seed is not alter as time pass
For saving reasonings it may be more harder as the seed eventually losses their properties but in these economies the savings weren't as much. People would plant most of the seed and use the remmanent for trade.
In estimating projected rate of return, an individual who is thinking about leaving a $150,000-per-year job to start a new firm requires a higher rate of return than the person thinking of leaving a $______-per-year job.
Answer:
$149,999 or any other amount below $150,000
Explanation:
The opportunity cost for an individual that earns $150,000 and wants to quit his/her job is $150,000, so any other individual earning $149,999 or below will have a lower opportunity cost. The opportunity cost adds to the economic costs of a project, so a high opportunity cost reduces the expected return.
*Opportunity cost is defined as the cost of choosing one alternative investment or activity over another.
Suppose the U.S. Drug Enforcement Agency steps up its efforts to control the illegal importation of cocaine into the United States. What is the likely effect on the market for illegal drugs in the United States?
Answer:
The Price of Cocaine would rise drastically
Explanation:
If U.S Drugs Enforcement Agency impose higher restrictions in an effort to control illegal import of cocaine into the United States, this would directly impact the market for illegal drugs in the following ways:
Since more restrictions get imposed, the procurement cost of cocaine alongside the risk associated with it in the form of higher penalties and prosecution, both will rise.The supply of cocaine would shrink in the market.The above two outcomes would result into the procurers and peddlers demanding much greater price for the same quantity of cocaine so as to compensate for the higher risk assumed and higher procurement costs associated.Thus, price of cocaine will rise drastically as an outcome of such a move.
Wanderberg Machines went on a whirlwind tour that consisted of meetings in 12 key cities where the firm presented its business plan to groups of investors. This tour was a ______.
Answer:
Road show
Explanation:
In business, a roadshow usually refers to carrying on a series of presentations (shows) on different locations (the road part) where potential investors are invited. Usually roadshows take place before an initial public offering (IPO) or prior to a large issue of stocks. This events bring together potential investors and executive management.
Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences of the country that it supplies to. Each country has a dedicated manufacturing facility that functions as a separate department. In this scenario, which of the following organizational structures does Keithomp most likely follow?
A) Functional departmentalization
B) Geographic departmentalization
C) Customer departmentalization
D) Product departmentalization
Answer:
B) Geographic departmentalization
Explanation:
Geographic departmentalization is when departments are created based on different countries, states or regions the company serves.
Functional departmentalization is when departments are created based on functions e.g. accounting department, hr department
Customer departmentalization is when departments are created based on different groups of customers the company serves.
Product departmentalization exists in a company that produces multiple products. Each department is created based on each product.
I hope my answer helps you
A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:
Complete Question. A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:
The beneficiary has the right to contribute to the trust.The beneficiary has the right to withdraw a contribution (gift) to the trust. The beneficiary has the right to make income distributions to the trust.The beneficiary has the right to make corpus contributions to the trust.Answer:
2. The beneficiary has the right to withdraw a contribution (gift) to the trust.
Explanation:
The Crummey power, to convert future interest gift to a present interest gift beneficiaries are allowed to withdraw contributions to a trust within a specific period of time usually 30 to 60 days.
The total withdrawal amount should be equal to the annual gift tax exclusion in a specific time period otherwise the asset will belong to the trust.
1. Supports the incident action planning process by tracking resources, collecting/analyzing information, and maintaining documentation.
2. Sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident.
Answer:
1- planning
2- command
Explanation:
1- Planning deals with thoughts and organising the tasks required to attain a target goal.... Planning is also a management process which deals with defining goals for the long term viability of a company and deciding the tasks and resources to achieve those goals
2- Command directs the company with plans well thought out to work effectively. Command incorporates the organisation's framework to make it more effective.
Today's global economy and communications link all contemporary people, directly or indirectly, in the modern world system. People must now cope with forces generated by progressively larger systems—the region, the nation, and the world. For anthropologists studying contemporary forms of adaptation, why might this be a challenge?a. Anthropological research tools do not work in this new modern world system, making their contributions less valuable.b. According to Marcus and Fischer (1986), "The cultures of world peoples need to be constantly rediscovered as these people reinvent them in changing historical circumstances."c. A more dynamic world system, with greater and faster movements of people across space, speeds up the process of evolution, making the study of genetic adaptations more difficult.d. Truly isolated indigenous communities, anthropology's traditional and ongoing study focus, are becoming harder to find.e. Since cultures are tied to place, people moving around and connecting across space means the end of culture, and thus the end of anthropology.
Answer:
b. According to Marcus and Fischer (1986), "The cultures of world peoples need to be constantly rediscovered as these people reinvent them in changing historical circumstances.
Explanation:
Anthropology represents the scientific study both of the past and present of societies and human behavior specifically to understand and identify patterns.
Since, the global economy and communication links continues to link all contemporary people, they continue to change as they are constantly influenced by what they are exposed to daily. Unlike previous times when a person's patterns and evolution were typically decided by his immediate environment, now globalization brings human influences from across the globe.
The anthropologist in his study therefore, must understand the complexities of diverse cultures and systems and how they come to play in constantly shifting the cultures of the people and constantly creating new behavioural patterns. This becomes an on-going discussion.
As many organizations have cut costs and streamlined their organizational design to respond better to customer needs, they have pushed decision-making authority to ________.
Answer:
the lowest levels in the organization.
Explanation:
Organizations have flattened, that means that they have reduced the number of levels and instead of operating like a tall pyramid, they are operating like very flat pyramids with a lot more subordinates per supervisor and/or manager. As a result of this, employees at the operating levels are now able to make certain decisions regarding customers' needs that before needed to be approved by a manager or supervisor.
For example, under certain conditions, retail clerks can offer discounts to customers without asking permission from their supervisor.
When a grant-application package lists eligible applicants, it is just a suggestion. This is America: all organizations are eligible to apply for all grants.
Answer:
false
Explanation:
The United States government do make some monies available to individuals or organisation in the form of grants, for the achievement of set purposes or goals. Not everyone or organisation can be eligible for all the available grants at any time. People are expected to look through various application processes to know if they are legally eligible to apply for any grant in order to avoid wasting their time and money during application.
A(n) _____ is a business that is based primarily in a single country but acquires some meaningful share of its resources or revenues (or both) from other countries.
Answer: International business
Explanation:
The international business is the term that is refers to the trade of the various types of products, technology and the services at international level.
The internal business encompasses all the activities as it is promoting the various types of ideas about the resources, products, revenue and the technologies across the international boundaries.
According to the given question, the international business is basically acquired the various types of resources from the other countries easily and more efficiently.
Therefore, International business is the correct answer.
First Principles — End of Chapter Problem Describe some of the opportunity costs when you decide to do the following.
a. Attend college instead of taking a job Being able to find a better, more highly paid job after graduation
b. Developing a deeper understanding of concepts that will benefit you when you do eventually take a job
c. The income you would have earned on the job and the valuable on-the-job experience you would have acquired Foregoing the joy of learning
Answer:
First of all, opportunity costs are the costs of choosing one alternative activity or investment over another.
A) When you decide to attend college, you are going to pay a lot money instead of working and being able to earn money right away. The opportunity costs of going to college are the lost wages and experience that you could have acquired at a job. Most people who attend college are willing to sacrifice lost wages (at least 4 years of lost wages) and working experience in order to have the possibility of obtaining a better paying job once they graduate.
Questions B and C are directly related to question A, there are no alternative actions presented.
In marketing and consumer research, the conative component of the tricomponent attitude model is frequently treated as an expression of the consumer's ________.
A) attitudeB) level of familiarityC) intention to buyD) attitude toward the objectE) ego-defensive function
Answer:
C. Intention to buy
Explanation:
Attitude simply represents behaviour which is learned that makes an individual respond either in a favourable or unfavourable way to a particular object. It could be a good, service, product among others. Attitude is important in determining consumer behaviour and it greatly affects marketing
The Tricomponent Attitude Model is one of four categories of attitude models usually considered in marketing. The model consists of 3 parts or components as follows
a. The cognitive component- deals with the perceptions and knowledge of consumers about services, products or brands
b. Affective component- this general measures or assesses the disposition of a consumer to a product and it measures as favourable or unfavourable
c. Conative component- This component of the tricomponent attitude mode is basically concerned with the consumer's intention to buy a particular product, patronise a brand or request a service.
Answer:
C) intention to buy
Explanation:
Conative component is a component of the tricomponent attitude model, it is concerned with the tendency that a person will act in a particular way with regard to the attitude object.
Intention to buy in marketing can be used to access the possibility of a consumer to purchase a product or behave in a particular way.
According to marginal analysis, you should spend more time studying economics if the extra benefit from an additional hour of study
a. is positive
b. outweighs the extra cost
c. exceeds the benefits of the previous hour of study
d. will raise your exam score
Answer:
(b). outweighs the extra cost
Explanation:
As per the principles of marginal analysis, the extra benefit of performing a task must outdo the extra cost associated with the same.
Marginal refers to something extra which is earned or incurred when an additional unit of output is produced/sold.
So as per marginal principle, an activity should only be taken up if extra benefit derived from it exceeds the extra cost that would be incurred.
Hence, the correct option is (b). outweighs the extra cost.
Max Weber believed that a company that is a bureaucracy never achieves a competitive advantage because it is inefficient and is plagued with management problems.True or False
Answer:
False
Explanation:
Max Weber's theory on bureaucracy was in favor of efficiency and rationality in the way of operations either of a governing system or a business organisation.
Bureaucracy is the structure of administration governing any particular large organisation either a public/government organisation (ministry) or a private organisation (companies and firms). Bureaucracy as far as a company is concerned is the hierarchy structure that oversees the affairs of the business.
Hence, Max Weber speaks in favour of the fact that bureaucracy brings efficiency and rationality in how organisational activities are conducted and that the introduction of hierarchical structures reinforces this rationality as well as the maximization of efficiency as well as order in an organisation.
Given the law of demand, you would expect the rise in the price of gasoline to ______ the quantity of gasoline demanded and ______ the demand for gasoline.A. decrease; decreaseB. not change; decreaseC. decrease; not changeD. increase; decrease
Answer:
C. decrease; not change
Explanation:
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
The rise in price of gasoline only affects the quantity demanded. Other factors affect the demand for gasoline.
I hope my answer helps you
If a 20 percent increase in the price of Red Bull energy drinks results in a decrease in the quantity demanded of 25 percent, demand for Red Bull is _______ in this range.a. inelasticb. elasticc. verticald. unit elastic
Answer:
Elastic
Explanation:
Elasticity = 25% / 20% = 1.25
The demand is elastic .
Demand is elastic if the coefficient of elasticity is greater than 1.
If demand is elastic, it means a change in price leads to a greater change in the quantity demanded.
I hope my answer helps you
Individual Retirement Accounts (LO 5.3) Mary has a Roth IRA held more than 5 years to which she has contributed $30,000. The IRA has a current value of $62,000. Mary is 55 years old and she takes a distribution of $38,000. How much of the distribution will be taxable to Mary?
Answer:
$8,000
Explanation:
Since Mary is not 59 1/2 years old yet, the distributions she gets from her Roth IRA will be taxed (she only met the 5 year rule). She will have to pay a 10% penalty and income taxes on the earnings that she withdraws.
Mary will have to pay only for the earnings that she withdraws, and luckily for her the contributions are withdrawn first. Mary's earnings = $38,000 - contributions = $38,000 - $30,000 = $8,000
Final answer:
Mary will owe no tax on the $38,000 distribution from her Roth IRA because she is over 55, has held the account for more than 5 years, and Roth IRA distributions are tax-free under these conditions.
Explanation:
Concerning the question about how much of Mary's Roth IRA distribution will be taxable, we need to consider the characteristics of a Roth IRA. Since Mary has held the Roth IRA for more than 5 years and is older than 59 and a half, her distributions are generally tax-free, comprising both her contributions and any earnings on the investments.
As she contributed $30,000 and is withdrawing $38,000, it implies that she is taking out her contributions ($30,000) and a portion of the earnings ($8,000). However, because Roth IRA distributions are tax-free for individuals over 59 and a half and the account has been open for more than 5 years, Mary will owe no tax on the $38,000 distribution.
A company had the following amounts at the end of the year: Cash $ 11,200 Supplies Expense 1,500 Dividends 2,600 Service Revenue 23,500 Prepaid Rent 4,300 Salaries Expense 8,200 Accounts Payable 12,700 Land 36,900What amount would the company report for net income?a. $11,200. b. $6,900. c. $13,800
Answer:
$13,800
Explanation:
The computation of the net income is shown below:
= Service Revenue - Supplies Expense - Salaries Expense
= $23,500 - $1,500 - $8,200
= $13,800
We simply deduct the expenses from the revenues so that the net income could come
And, the other items which are mentioned have come under the balance sheet. Hence, ignored it
Prepare the adjusting entries on January 31. Account titles are Accumulated Depreciation%u2014 Equipment, Depreciation Expense, Service Revenue, Accounts Receivable, Insurance Expense, Interest Expense, Interest Payable, Prepaid Insurance, Supplies, Supplies Expense, Utilities Expense, and Accounts Payable. The unadjusted trial balance for Sierra Corp. is shown in Illustration 4-4 (page 168). Instead of the adjusting entries shown in the text at October 31, assume the following adjustment data. 1. Supplies on hand at October 31 total $500. 2. Expired insurance for the month is $100. 3. Depreciation for the month is $75. 4. As of October 31, services worth $800 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $280. 6. Interest expense accrued at October 31 is $70. 7. Accrued salaries at October 31 are $1,400.
Adjusting entries for Sierra Corp. on January 31 include adjustments for supplies used, expired insurance, depreciation, performed services (both billed and unbilled), accrued interest, and accrued salaries.
Explanation:Based on the given adjustment data, the adjusting entries for Sierra Corp. will be as follows:
Supplies Expense: Debit $500 and credit Supplies $500, representing the supplies used up.Insurance Expense: Debit $100 and credit Prepaid Insurance $100, indicating expired insurance.Depreciation Expense—Equipment: Debit $75 and Accumulated Depreciation—Equipment: Credit $75, accounting for the depreciation.Service Revenue: Debit Unearned Revenue $800 and credit Service Revenue $800, reflecting services that have been performed.Accounts Receivable: Debit $280 and credit Service Revenue $280, addressing services performed but not yet billed.Interest Expense: Debit $70 and Interest Payable: Credit $70, relating to accrued interest.Salaries Expense: Debit $1,400 and Salaries Payable: Credit $1,400, covering accrued salaries.Learn more about Adjusting Entries here:https://brainly.com/question/33175618
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Manistee Corporation reported taxable income of $1,200,000 this year and paid federal income taxes of $408,000. Not included in the computation was disallowed entertainment expenses of $25,000, tax-exempt interest of $20,000, and a net capital loss of $50,000 incurred this year. Manistee is an accrual basis taxpayer. The corporation’s current earnings and profits this year would be:
A. $1,200,000
B. $1,145,000
C. $787,000
D. $737,000
Answer:
corporation current earning and profits = $737000
Explanation:
given data
taxable income = $1,200,000
paid federal income taxes = $408,000
entertainment expenses = $25,000
tax-exempt interest = $20,000
net capital loss = $50,000
solution
we get here corporation current earning and profits that will be as
corporation current earnings and profits = taxable income - paid federal income taxes - entertainment expenses + tax-exempt interest - net capital loss ................1
put here value we get
corporation current earning and profits = $1,200,000 - $408,000 -$25,000
+ $20,000 - $50,000
corporation current earning and profits = $737000
Bramble owes $2.9 million that is due on February 28. The company borrows $2,340,000 on February 25 (5-year note) and uses the proceeds to pay down the $2.9 million note and uses other cash to pay the balance. How much of the $2.9 million note is classified as long-term in the December 31 financial statements?
Answer:
It is $2,340,000
Explanation:
Since the old debt of $2.9 million has been discharged using new debt issued of $2,340,000 and some cash, the value of the new debt issued will be recognized as a new liability.
However, the balance that will be recognized as long-term will be the liability that is payable after one year while the element that is payable within a year will be recognized under current liability in the financial statement at the end of the year.
The economic interdependence among countries as reflected in the free movement of goods, services, financial capital and knowledge across geographic borders is characteristic of __________? a. a domestic economy b. an integrated cost-leadership and differentiation strategy c. a sustainable competitive advantage d. globalization
Answer:
d. globalization
Explanation:
Globalization is the process of increased interaction, interdependence, integration among people worldwide.