Answer:
C. biological
Explanation:
From the following OPTION the best OPTION which explains the scenario in the question is OPTION (C).
Because biological design is a design which is designed naturally that can be adjusted and used efficiently.
Here we can see in the scenario that in the workstation, the heights of both Christian and Catalina is been adjusted and used efficiently. Christian and Catalina’s jobs have a biological design.
There are 140 lb of flour in two sacks. If you take 1 8 of the flour from the first sack and add it to the second, there will be an equal amount of flour in both sacks. What is the original amount in each
Answer:
The original amount in the first sack is 80 lb of flour
The original amount in the second sack is 60 lb of flour
Explanation:
Let x represent the first sack and y represent the second sack
x + y = 140 --------- eqn (1)
One-eight of the flour from the first sack is (1/8)x = x/8
x - x/8 = y + x/8
7x/8 = (x + 8y)/8
7x = x + 8y
7x - x = 8y
6x = 8y
x = 8y/6
Substitute x = 8y/6 in eqn (1)
x + y = 140
8y/6 + y = 140
Multiply each term by 6
8y + 6y = 840
14y = 840
y = 840/14 = 60
x = 8y/6 = 8×60/6 = 8×10 = 80
First sack (x) = 80 lb of flour
Second sack (y) = 60 lb of flour
Tiara Inc., an international clothing brand, recruited 15 people as managers. They all took a test as part of the recruitnont process e months after the recruitsent, their test scores were analyzed along with their performance on the job to find a substantial correlation between the two factors. Which of the following methods of research is exemplified in this scenario? A. Contont validation B. Predictive validation C. Conourrent validation D. Construct validation E. Diagnostic validation
"Predictive validation" methods of research is exemplified in this scenario.
Option: B
Explanation:
The degree to which a result on a scale or test forecasts ratings on some type of criterion is predictive validity in psychometric. For an instance, the validity of a cognitive test of work performance is really the association between test results and the evaluation ratings of managers.
Here in Tiara Inc. the recruited 15 managers who gave competitive exam to secure position in firm was used by the company head to analyse the substantial correlation between scores and performance in job.
A cause-effect chart: A. Identifies potential causes for specific problems B. Shows the prevalence of the various types of defects that have been found C. Is not useful when first studying a quality problem D. Has both upper and lower specification limit
Answer:
C. Is not useful when first studying a quality problem
Explanation:
The cause and effect is a tool that helps you identify display and sort all possible cause and effect relationships for a specif problem or quality characteristics and graphically illustrates this relationship between the outcomes of the factors.DirectProtect is an insurance provider that uses telemarketers rather than insurance agents to sell its insurance and to deal with claims. It wants to introduce its product into new markets, but before it does so, it wants to predict how successful its sales efforts will be. The marketing research firm hired to conduct the research study has six months to gather, analyze, and present its data to DirectProtect. The required time frame is an example of a:________. a. dependent variable. b. obstruction c. objective d. constraint. e. independent variable.
Answer:
d. Constraint
Explanation:
The dependent variable variations are explained as an effect, due to variations in causal independent variables. The dependent variable might be in form of an objective function, as a function of independent variables, which needs to be maximised or minimised. Constraint is a limitation to the objective function maximisation / minimisation.
Given case : Introducing product in new markets (through telemarketers) & conducting research about success of sales efforts - has 'Sales' as the main objective function to be maximised, dependent on independent variable like Telemarketers . Constraint could be any restriction in form of budget , time (six months time mentioned)
Drius Security stock has a yearly dividend of $12.11. If you own 132 shares of Drius Security, how much do you get paid in quarterly dividends? a. $133.21 b. $1,598.52 c. $366.96 d. $399.63 Please select the best answer from the choices provided A B C D
Answer:
d. $399.63
Explanation:
Data provided in the given question
Dividend = $12.11
Shares = 132
The calculation of quarterly dividends is shown below:-
Quarterly dividends = Dividend × Shares ÷ Number of quarters in a year
= $12.11 × 132 ÷ 4
= $399.63
Therefore, to compute the quarterly dividends we simply divide shares with number of quarter in a year and multiply with dividend.
Answer:
D
Explanation:
On edge
If employees are bonded a. it means that they are not allowed to handle cash b. they have worked for the company for at least 10 years c. they have been insured against misappropriation of assets. d. it is impossible for them to steal from the company
Answer:
c. they have been insured against misappropriation of assets.
Explanation:
A company bonds its employees to protect itself against theft by its workers. Being bonded means securing the money available to customers if a claim is made against the company. Bonding offers compensation to a business should a loss arise through employee's actions.
The law requires companies that handle cash and cash equivalents such as stocks certificates to bond their employees. A company may choose from the various types of bond insurance in the market. For example, employers may use the fidelity bond to protect against employee theft.
Employee bonding refers to insuring the company against financial losses caused by employee’s dishonest activities or thefts. However, it does not make it impossible for employees to steal from the company.
Explanation:The activity of bonding employees refers to obtaining an insurance policy that protects the company from losses, particularly those incurred due to situations such as theft, fraud or dishonest activities by the employees. Therefore, option c. 'they have been insured against misappropriation of assets' is the correct explanation. However, it is important to note that bonding only provides financial protection and not prevention measures against theft or fraud. Therefore, option d. 'it is impossible for them to steal from the company' is incorrect.
Pension insurance and borrowing money through banks and bonds are processes related to securing company's finances, but they are not pertinent to bonding employees.
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Please match the descriptions with the correct price index. A. A price index based on wages in the labor market. B. A broad price index based on all the components of GDP. C. A price index based on the cost of common inputs for firms. D. A measure of inflation based on the cost of goods that households typically purchase. E. A measure of inflation based on the price of imports or exports.
Answer:
A. A price index based on wages in the labor market. - Employment Cost Index
The employment cost index is a quaterly measure of the cost of hiring for businesses. It is calculated by the Bureau of Labor Statistics.
B. A broad price index based on all the components of GDP. - GDP Deflator
The GDP Deflator measures the change in price of all goods and services produced within a given year in respect to the price level of a selected year (the base year).
C. A price index based on the cost of common inputs for firms. - Producer price index
The producer price index measures the price change of the inputs that firms use to produce output. (for example, raw materials, gas, electricity, and intermediate goods).
D. A measure of inflation based on the cost of goods that households typically purchase. - Consumer price index
This is perhaps the most well-known price index. It measures the price change of a selected basket of goods and services that is most commonly bought by households.
E. A measure of inflation based on the price of imports or exports. - International Price Index
A measure of the change in prices of imports and exports.
Scenario: Roberto BaldwinAs the owner and manager of Fantastic Toys, Roberto Baldwin is fascinated by all the changes occurring and transforming the workplace. Roberto is concerned about the important OB trends that he can understand and take advantage of in developing and positioning his company in the marketplace.Roberto is interested in this trend of globalization. He should know that globalization occurs when an organizationA) increases its connectivity with people and organizations in other parts of the world.B) serves diverse customers within the firm's home country.C) has a diverse workforce within the firm's home country.D) has a substantially strong domestic market.
Answer:
A) increases its connectivity with people and organizations in other parts of the world.
Explanation:
Globalization is a common word now, and it takes place when a company starts to economically interact with other companies, employees or clients in other countries around the world. Globalization can take place when a company outsources manufacturing to another country, or when it outsources services to people from other countries, or when the company starts to sell its products or services to customers around the world.
Globalization breaks down communication barriers and increase connectivity within firms and individuals in different countries.
Mycenaean Greece became more powerful after a. creating trade networks with Egypt b. war with Persia. c. destruction of Crete d. political consolidation in. the Dark Ages
Mycenaean Greeks became more powerful after destruction of Crete.
Option c
Explanation:
The Civilization of Mycenaean in the ancient Greece is considered to be the last phase of the bronze age with the span of 1600–1100 BC. The civilization was named after the most prominent area called the Mycenae in Argolid.
The first wave of destruction in their mainland occurred in 1250 BC due to few unidentified reasons. The second and final destruction happened on 1190 BC which marked the end of the whole civilization.
They are known to be the first human to speak the Greek language. They were majorly influenced by the people of earlier Minoan civilization which was situated on Crete island.
Claire is from France and has been working in the United States for the last two years in cancer research. If her work visa expires in a year, what can Claire’s employer do to create a permanent position for her in the company?
Answer:
Claire´s employer should apply for a permanent Visa in the Immigration Dept. since Claire position in the company is absolutely necessary to the cancer research that probably will take more time to develop.
Explanation:
Answer:
Sponsor Claire for a green card
Explanation:
Green cards can be applied fro to allow people to live and work in the U.S and it helps if your employer sponcers you
The country of Dalima has long been a substantial exporter of agricultural goods, reflecting its unusual abundance of arable land; in contrast, its continental neighbor, Bundeeza, has excelled in the export of goods produced in labor-intensive manufacturing industries. The export policies of the two countries is best explained by ___________.a. mercantilism.
b. theory of absolute advantage.
c. Heckscher-Ohlin theory.
d. theory of comparative advantage.
Answer:
C. Heckscher-Ohlin theory.
Explanation:
The country of Dalima has long been a substantial exporter of agricultural goods, reflecting its unusual abundance of arable land; in contrast, its continental neighbor, Bundeeza, has excelled in the export of goods produced in labor-intensive manufacturing industries. The export policies of the two countries is best explained by Heckscher-Ohlin theory. This theory states that countries only export the products and services which they can produce quite plentiful and efficiently. The basic logic behind this theory is that if any country is having any kind of advantage in production then it will certainly be having relatively abundance factor as well.
The large network purchases are done:________.
a) before the vendor(s) are selected
b) before the RFP is sent out
c) after the RFP is sent out, but before the vendor(s) are selected
d) after the vendor(s) are selected
e) after the network has been implemented
The large network purchases are done "after the vendor(s) are selected".
Option: D
Explanation:
The large network is established when their are large number of or good amount of small networks, having similar objective and may be different sector. For an instance, a bank establishment occur generally when two or three individuals are having small banks in finance or insurance sector but when they combine together similar services are provided but merger took place to widen the network and work more efficiently. Large network can generate opportunity to work globally also, with better turnover and growth.
The large network purchases are done: after the vendor(s) are selected.
Explanation:Vendors refers to the company or a person who sells particular goods to the manufacturers or the producers. All business highly depends on the vendors who provide them with the goods and services that are needed for the manufacturing of any product. Some of the vendor types includes suppliers, equipment manufacturers, those companies that supplies the raw materials and parts for nay business.
There are many steps in selecting right vendors of any business. Firstly we need to analyse the requirements of business and identify third party candidates of vendors. We need to evaluate all of them by assigning weights to them. They must be them invited for demo and then finally we need to select the worth one. The larger amount of purchases can be done only after the vendor(s) are selected.
Some industrial products are created to meet the needs of one or a small group of customers. Boeing, for example, serves a very defined group of customers with its 747 aircraft model. This is an example of
Answer:
a custom-designed product.
Explanation:
In this case, an airplane is a highly customized product. Each airplane is specifically built and arranged to meet the special and unique needs of its clients. For example, each airplane is painted with the colors and the logo of the airline company. The seats are also arranged depending on the specific requirements of the clients.
Jobs in which of the following fields require an understanding of the investment environment? I. commercial banking II. corporate finance III. financial planning IV. insurance
Answer:
All of them:
I. commercial banking II. corporate finance III. financial planning IV. insuranceExplanation:
People who work in commercial banks regularly deal with clients that need money to start a new business or expand an existing one, not all businesses are huge corporations that only go to large investment banks.
Anyone that works in finance must understand the investment environment, since the core task of finance is dealing with the value of money and time.
Insurance companies also deal with financial issues and investments.
A differentiated product is a product that: a. always costs more than rival products. b. is offered free of cost on purchase of a company's standard product. c. has a greater resale value than rival products. d. always costs less than rival products. e. provides greater reliability than rival products.
Answer:
Option E Provides greater reliability that the rival products
Explanation:
The reason is that differentiation brings uniqueness in the product which the very few rivals that negligible in amount can match. The example includes Mercedes pursue differentiated strategy and the number of firms that can match its differentiation at a competitive price are very few which includes BMW, Ford and Electric Motors whereas in India the only comply that can match its innovation is BMW. Likewise in many other countries Mercedes is always priority of customers because of its brand recognition and creates a perception of great personality of the owner of the car. Thats the reason why in many countries the President and state guests are received in Mercedes.
A differentiated product is one that is distinguished from competitors' products through various means to appeal to a particular market segment, not necessarily by cost or reliability.
Explanation:A differentiated product is one that a firm makes distinct from those of its competitors or even its own other products. This can be achieved through a variety of ways such as the physical aspects of the product, the location from which it is sold, intangible aspects, or different perceptions of the product by consumers. Key to understanding differentiated products is that they are not defined by their cost relative to competitors, nor by their resale value or reliability, but rather by their distinctiveness in the marketplace.
The differentiation may lead to a change in market share for the firm as their unique offerings may attract different segments of the market willing to pay varying prices. However, differentiation does not inherently mean a product must cost more or less than its competitors, nor that it provides enhanced reliability. Instead, it may simply offer a feature or attribute that differentiates it from the competition which may be valued differently by consumers.
Barnes Plating pays employees minimum wage and offers only those employee benefits that it is legally mandated to provide. This is an example of social ________.
Barnes Plating's practice of only paying minimum wage and providing legally required benefits is an example of social irresponsibility. A socially responsible company would offer additional benefits and wage considerations.
Explanation:Barnes Plating, by paying minimum wage and offering only legally required employee benefits, is demonstrating an example of social irresponsibility. This is because, while they are abiding by the laws, they are not going beyond them to contribute to the welfare of society or their employees. A socially responsible company often offers benefits beyond legal requirements and pays wages that consider living costs, thus contributing more to society.
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Barnes Plating's practice of paying its employees minimum wage and offering only legally mandated benefits is an example of social minimalism.
Social minimalism refers to a business strategy that focuses on complying with the bare minimum legal requirements for employee compensation and benefits, often with little regard for broader social or ethical responsibilities. While this approach may help the company minimize labor costs and remain compliant with the law, it can lead to ethical concerns and potential negative consequences.
Critics argue that such practices can result in low employee morale, high turnover, and a negative public image. Companies that adopt a more socially responsible approach, providing fair wages, additional benefits, and a positive working environment, may be better positioned to attract and retain talent, enhance their reputation, and contribute to the well-being of their employees and communities. Social minimalism may save costs in the short term, but it can hinder a company's long-term sustainability and social impact.
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The chart gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2017 as the base year. 2016 2017 Price Quantity Price QuantityIce cream $7.00 600 $3.00 400Blue jeans $70.00 20 $20.00 90Laptops $300.00 5 $300.00 52016 nominal GDP: $2016 nominal GDP: $2017 nominal GDP: $2017 nominal GDP: $2016 real GDP: $2016 real GDP: $2017 real GDP: $2017 real GDP: $
Answer:
Explanation:
The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2017 as the base year.
Year 2016 2017
Price Quantity Price Quantity
Ice Cream $7.00 600 $3.00 400
Blue Jeans $70.00 20 $20.00 90
Laptops $300.00 5 $300.00 5
2016 nominal GDP = $_(7 x 600) + (70 x 20) + (300 x 5)_ = $7,100
2017 nominal GDP = $_(3 x 400)+(20 x 90) + (300 x 5)_ = $4,500
2016 real GDP = $__(7100-4500)/ 4500)) / change in ice cream price of 50%+ change in blue jean price of (70-20/20) 250%_______
= 0.57/3 = 0.19% growth. Technically the economy was better in 2016 than in 2017.
2017 real GDP = will be same as nominal, hence no growth since this is the base year
Nominal and real GDP for Utopia are calculated by multiplying the quantities of goods produced by their respective prices. For 2016, nominal GDP is $7,100 and real GDP is $3,700. For 2017 which is the base year, nominal and real GDP are both $4,500.
Calculating Nominal and Real GDP for Utopia
To calculate nominal GDP for both years, we use the formula that defines nominal GDP as the quantity of every final good or service produced multiplied by the price at which it was sold.
To find real GDP, which adjusts for inflation, we value the quantities of goods and services at constant prices. In this case, we use 2017 as the base year prices.
Calculating nominal GDP for 2016:
Ice cream = $7.00 x 600 = $4,200
Blue jeans = $70.00 x 20 = $1,400
Laptops = $300.00 x 5 = $1,500
Total nominal GDP for 2016 = $4,200 + $1,400 + $1,500 = $7,100
Calculating nominal GDP for 2017:
Ice cream = $3.00 x 400 = $1,200
Blue jeans = $20.00 x 90 = $1,800
Laptops = $300.00 x 5 = $1,500
Total nominal GDP for 2017 = $1,200 + $1,800 + $1,500 = $4,500
Calculating real GDP for 2016 using 2017 prices:
Ice cream = $3.00 x 600 = $1,800
Blue jeans = $20.00 x 20 = $400
Laptops = $300.00 x 5 = $1,500
Total real GDP for 2016 = $1,800 + $400 + $1,500 = $3,700
Real GDP for 2017 is the same as nominal GDP for 2017 since it is the base year: $4,500.
A market research survey is available for $10,000. Using a decision tree analysis, it is found that the expected monetary value with the survey is $65,000. The expected monetary value with no survey is $62,000. What is the expected value of the information from this sample?
Answer:
Therefore Expected Value of the information = $65,000+$62,000 - $10,000 = $117,000
Explanation:
If the market research survey is available for $10,000.
Using a decision tree analysis, it has been found that the expected monetary value with the survey is $65,000. The expected monetary value with no survey is $62,000.
Then the expected value of the information from this sample is the expected value of each outcome and deducting the costs associated with the decision
Therefore Expected Value of the information = $65,000+$62,000 - $10,000 = $117,000
The expected value of the information from the survey sample in this case is -$7,000. This is calculated by subtracting the expected value without the survey and the cost of the survey from the expected value with the survey.
Explanation:Expected value of the information from a sample in the context of market research and decision tree analysis can be calculated as the difference between the expected monetary value with the survey and the expected monetary value without the survey, minus the cost of the survey itself.
In this specific scenario, the expected value of information would be: $65,000 (with survey) - $62,000 (without survey) - $10,000 (cost of survey), which equals - $7,000.
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Mildred, the marketing manager of an automobile manufacturing company, is responsible for pricing products, conducting market research, and designing advertising campaigns and promotional activities for the company. In the context of organizational authority, which of the following functions does Mildred most likely perform?
A) Line function
B) Staff function
C) Support function
D) Advisory function
Answer:
LINE FUNCTION
Explanation:
In management, a line function is any kind of daily operation that covers purchasing, manufacturing, and selling that is directly involved in carrying out the purpose of an organization.
Mildred, the marketing manager of an automobile manufacturing company, is responsible for pricing products, conducting market research, and designing advertising campaigns and promotional activities for the company.
Mildred's functions according to above definition involves selling; and she is directly involved in carrying out the purpose of an organization. Hence she performs a line function
Answer:
Option A; LINE FUNCTION
Explanation:
In management, line function is any kind of daily operation such as purchasing, manufacturing and selling that is directly involved in carrying out the purpose of an organization. If line function is interrupted, it affects customers or profits.
Line function is directly involved in the core work of an organization to ensure the organization meets its business objectives.
* Staff function involves the provision of advice and other support to those involved in a line action.
* Support function are supporting activities carried out by an organization in order to permit or to facilitate the core business functions, its production activity.
Therefore, Mildred most likely performs LINE FUNCTION.
Amber is working as a sales associate in a department store. When a few high-priced products are found missing from the store, Amber is accused of theft and fired from the job. Neither an investigation is conducted nor is Amber allowed to explain herself. Which of the following is true of the given scenario?
a. Amber's right to arbitration has been violated.
b. Due process has not been followed by the employer.
c. Amber's statutory rights are upheld.
d. Amber is not given the option of involuntary turnover
Answer: Due process has not been followed by the employer.
Explanation:
Amber's employers did not follow due process in sacking her from her job, as there was no proper investigation into how the costly items got missing. Due process is the right steps that needs to be followed before taking an action, and in Amber's case due process includes a proper investigation to know how items got missing before taking decisive actions.
Option B is the correct option i.e., Due process has not been followed by the employer. Amber's situation exemplifies a violation of due process, as she was not given the chance to defend herself or go through a fair investigative process by her employer. Similar protections are seen in constitutional amendments that safeguard individuals' rights in various legal scenarios.
In the presented scenario, the most accurate statement is that due process has not been followed by the employer. Amber was not given the chance to defend herself, nor was an investigation conducted, which constitutes a violation of due process rights.
The case scenarios given, including the situations with Sara, Mr. Jones, Carolyn, and Mr. Reynolds, also highlight various aspects of constitutional protections, such as the right to a fair trial and legal representation, against unreasonable search and seizure, and protection from cruel and unusual punishments. These scenarios encompass amendments including the 5th, 6th, and 14th Amendments, which allude to due process and the protection of individual rights within the legal system.
In employment, just like in criminal cases, due process typically entails the right to a fair procedure before being deprived of employment (liberty or property) and can involve mechanisms such as an internal investigation or a chance to be heard, which were not afforded to Amber.
The member countries of BERPHO, a regional free trade area wanted to adopt a common currency, the "BERPH." The "BERPH" was modeled after and, in fact, was exactly similar to the euro. Establishment of the "BERPH" requires participating national governments to
Answer:
The member countries of BERPHO, a regional free trade area wanted to adopt a common currency, the "BERPH." The "BERPH" was modeled after and, in fact, was exactly similar to the euro. Establishment of the "BERPH" requires participating national governments:
- to give up control over monetary policy.
- to have a sound fiscal situation.
- to have a high degree of price stability.
- to be democratic in nature.
- to have stable exchange rates
Explanation:
BERPHO is an example of an economic union, where the fourteen member countries reached a level of economic integration, which means having a common currency, comprehensive harmonized tax rates, and a common monetary and fiscal policy.
What is a schedule that shows when an item must be ordered from suppliers or when the production of an item must be started to satisfy demand for the finished product by a particular date?
Answer: gross material requirements plan
Explanation: A material requirements plan has been developed for product A based on the product structure of A and the lead-time needed to obtain each component. Planned order releases of a parent item are used to determine gross requirements for its component items.
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Ted's Lawn Care has total fixed costs of $200,000, total variable costs of $150,000, and an output of 25,000 units. What is Ted's Lawn Care's average fixed cost?
Answer:
$ 8 per unit of output
Explanation:
Average fixed cost is defined as fixed cost incurred per unit of output.
Given,
Total Fixed cost = $200,000
Total Variable Cost = $ 150,000
Output level = 25000 units
Average fixed cost can be computed as follows
Average fixed cost = [tex]\frac{Total\ Fixed\ Cost}{No.\ of\ units}[/tex] = [tex]\frac{200000}{25000}[/tex] = $ 8 per unit of output
Fixed costs refer to those costs which do not change in quantum irrespective of the level of output. For example rent of the factory premises.
Which of the following is not considered one of the potential biases in calculating the consumer price index? A. New product bias. B. Increase in quality bias. C. Coverage bias. D. Outlet bias. E. Substitution bias.
Coverage bias is not considered one of the potential biases in calculating the consumer price index.
Explanation:A price index refers to the weighted average in the prices of certain goods or services in certain region at certain time. In the consumer price index calculation, the biases arises from four different sources in which coverage bias is the major one. There are two price indices such as producer and consumer price index.
In the calculation of the consumer price index the potential bias which is a coverage bias can be reduced with BLS. The BLS has collected price information form extended stores number in order to reduce the coverage bias.
Porsche AG uses the label "Top Guns" to describe one segment of its customers, namely those who care about power and control and who expect to be noticed. Such a profile would be based on which type of segmentation?
A) demographic
B) occupational
C) psychographic
D) behavioral
E) gender
Answer:
The correct answer is C. Psychographic
Explanation:
This type of segmentation specializes in the study of the consumer's psychological traits and other aspects inherent in his life, which can be likes, lifestyle, interests, desires, etc. Under this segmentation, it is possible to get much closer to the ideal consumer, although it takes a lot of effort to implement it.
Answer:
C) psychographic
Explanation:
Psychographic segmentation is one of the useful types of market segmentation used in categorizing a market target to be reached, of which such categorization into subgroups is based on traits such as the values, status, attitudes, interest, beliefs, motivations or interests of the target market. The target market is categorized into groups in this regard, with each group or segment having one or more of the listed traits in common. The label given by Porsche AG to a segment of its customers he described as “Top Guns”, obviously indicates it profiled his customers based on psychographic traits.
How does the quantity supplied of a good with a large elasticity of supply react to a price change
The quantity supplied of a good with a large elasticity of supply react to a price change as "it will be very sensitive to price change".
Explanation:
Producer tolerance to shifts in the quality of its goods or services. Generally speaking, if prices rise the supply does so. Supply elasticity is calculated as the ratio of proportionate variability in the quantity delivered to the proportionate price change.
The amount given of a good with a high supply elasticity dramatically responds to a change in price. A small price increase induces a large supply increase and a small price decline triggers a significant supply drop. Supply elasticity is an indicator of an industry or a producer's sensitivity to price fluctuations for its product. Also considerations are the availability of critical resources, technological innovation and the number of rivals that create a product or service.
If quantity supplied of a good has a large elasticity of supply (greater than one) then the reaction is elastic.
Explanation:Elasticity of supply refers to the response that is generated by the manufacturers or producers about the price of the product based on the quantity that is demanded. When the prices of any goods or services increases the supply also increases.
It is the relationship between the quantity of the goods and devices that is supplied to the price changes of that goods or services.Elasticity of the supply refers ratio of the change in the quantity of goods and services that is being supplied to the percentage change in price of that product or services. If quantity supplied of a good has a large elasticity of supply (greater than one) then the reaction is elastic.
A monopolist can practice third-degree price discrimination. If demand in the United States is given by y1 = 7,200 – 100p1, where p1 is the price in the United States, and if the demand in England is given by y2 = 3,600 – 200p2, where p2 is the price in England, then the difference between the monopolistic price charged in England and the monopolistic price charged in the United States will be:__________.
Answer:
The difference between the monopolistic price charged in England and the monopolistic price charged in the United States will be = 27
Explanation:
Y1 = 7200 -100p1 = > p1 = 72 – y1/100
Y2 = 3600 – 200p2 = > p2 = 18 – y2/200
The cost of monopolist (since it’s the same firm and uses same technology) shall be same in both countries, hence let us assume marginal cost to be say c
Now the first order condition for Profit Maximisation of a monopolist yields
Marginal Revenue = Marginal cost
= > Marginal Rev US = c = Marginal RevEngland…………………..i
Now, Revenue in US = p1y1 = y1(72 – y1/100)
MR US = dRev/dy1 = 72 – y1/100 -y1/100 = 72 – y1/50
Similarly MREng = 18 – y2/100
Hence putting the above derivations in i:-
72 – y1/50 = 18 – y2/100
Now putting values for y1 and y2 again the above equation becomes:-
72 – (7200 -100p1)/50 = 18 – (3600 – 200p2)/100
= > 54 – 144 + 2p1 = -36 + 2p2
= > 2(p1 – p2) = -36 + 90 = 54
= > p1 – p2 = 27
The record of all accounts and their balances used by a business is called a:
a. ledger (or general ledger).
b. journal.
c. book of original entry.
d. balance column journal.
e. general journal.
Answer:
A) ledger (or general ledger).
Explanation:
A company's general ledger includes all the transactions carried out by the company. Each transaction is recorded using the accounting system of debits and credits. The general ledger should basically track down every transaction carried out by the company during all of its history.
The record of all accounts and their balances used by a business is called a ledger or general ledger. It is a crucial part of the financial system of a business and helps in preparing other financial statements. Other options like journal, book of original entry etc. are also part of the accounting system but serve different purposes.
Explanation:The record of all accounts and their balances used by a business is known as a ledger or specifically a general ledger. The ledger is an important part of the financial system of a business as it encompasses every financial transaction made by the company. Consider it like a master document where all its financial data is stored and organized. These ledgers then help in preparing other financial statements like balance sheets, income statements etc.
The other options mentioned here are also part of a company's accounting system, but they serve different purposes. A journal, for instance, is the original record where transactions are first entered. A balance column journal and a general journal are both types of journals, with the first one having separate columns for debit and credit balances and the latter used for recording transactions not documented in other specialized journals.
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The two major forms of employee involvement are participative management and ________. 1. job sharing 2. job rotation 3. representative participation 4. job enlargement 5. organizational restructuring"
Answer:
3. representative participation.
Explanation:
Participative management refers to the kind of management where the employees take part in the decision making and brainstorming session together to achieve a common goal.
Representative participation is virtually when rare opportunities are given to employee of an organisation to make decision ,carry out core values all in line of pursing the common organisational goal.
Consider two communities. In one community, ten families have incomes of $100,000 each and ten families have incomes of $20,000 each. In the other community, ten families have incomes of $200,000 each and ten families have incomes of $22,000 each.
a) In which community is the distribution of income more unequal?
b) In which community is the problem of poverty likely to be worse?
c) Which distribution of income would Rawls prefer? Explain.
d) Which distribution of income do you prefer? Explain.
e) Why might someone have the opposite preference?
Answer:
In the second community because the gap is wider between the 2 income groups. Community 1 has an income gap of $80,000 (100,000 - 20,000) while community 2 has an income gap of $178,000 (200,000 - 22,000)
Explanation:
a) In which community is the distribution of income more unequal?
In the second community because the gap is wider between the 2 income groups. Community 1 has an income gap of 80,000 (100,000 - 20,000) while community 2 has an income gap of 178,000 (200,000 - 22,000)
b) In which community is the problem of poverty likely to be worse?
In the first community because average income is smaller which is $60,000 [(100,000 + 20,000) / 2] compared to community 2 of $111,000 [(200,000 +22,000) /2]
c) Which distribution of income would Rawls prefer? Explain.
Rawls would prefer the second income distribution if the larger income are tied to positions that are open to all, and as long as basic liberties existed
d) Which distribution of income do you prefer? Explain.
I would prefer the second because the average income is higher and in the event of income redistribution, every family will be averagely better off than in the first community
e) Why might someone have the opposite preference?
Some may prefer community one because of lower income gap between the rich and the poor.
Final answer:
This detailed answer discusses income inequality, poverty assessment, preferences of Rawls, personal choices, and opposing viewpoints regarding income distribution.
Explanation:
a) Inequality Comparison:
To compare the income distributions, we can calculate the Gini coefficient for each community. The higher the Gini coefficient, the more unequal the income distribution. The community with larger income gaps will have a higher Gini coefficient and thus be more unequal.
b) Poverty Assessment:
To determine which community has a worse poverty problem, we can look at the percentage of families with incomes below the poverty line in each community. The community with a higher percentage of families below the poverty line is likely to have a more severe poverty issue.
c) Rawls' Preference:
Rawls would likely prefer the income distribution where there is more equality. His theory of justice emphasizes maximizing the well-being of the least advantaged, which would support a more equal distribution of income.
d) Personal Preference:
Personal preferences may vary, but one might prefer the income distribution that promotes overall societal well-being and reduces poverty, which could align with a more equal distribution of income.
e) Opposite Preference:
Opposing preferences could stem from differing values or beliefs regarding individual effort versus societal responsibility. Some may argue for merit-based rewards and less income redistribution.