Answer:
All of the above.
Explanation:
Hunter-gatherer societies is a community of people also known as foragers, prehistoric men or early men, existed in the early ages. They hunt for food, they live a nomadic life, they use very crude implements made from things around them both for protection and hunting for food. The did not practice agriculture, they hunt for games.
They allocate according to the norms and values of their environment.
Lyndon, a citizen of Maryland, obtains a federal license to operate a commercial fishing boat in a certain area off the Maryland coast. The Maryland state legislature enacts a law that bans all commercial fishing in that area. The state law most likely violates:_______.a) no provision in the U.S. Constitution.b) the commerce clause.c) the due process clause.d) the supremacy clause
Answer:
d) the supremacy clause
Explanation:
Lyndon a man from Maryland, receives a federal license to perform a commercial fishing boat in a particular region off the Maryland shore. Maryland's state legislature passes a law that bans all commercial fishing in that region. The state law most likely breaks the supremacy clause. In the supremacy clause, it authenticates that the federal laws made will be agreeable to it. Also, the agreements should be made under its authorization
A local computer manufacturer hires an additional worker and pays $10.00 per hour for an 8-hour day. The worker is capable of assembling 3 computers an hour. The firm sells each computer for $1,500. What is the marginal physical product of this worker?
Answer: 3 computers per hour
Explanation: Marginal physical product is the extra output produced by increasing a unit of the variable input keeping other factors constant.
It could simply be explained as the contribution of the additional variable factor to the total production.
Here, hiring an additional worker who his capable of assembling 3 computers per hour means a plus 3 increase in total production per hour.
The owner of ProPhone has charted the company's marginal revenue and marginal cost for its latest line of smartphones, the Blazer. Use the chart to calculate the company's profit. If ProPhone sells four phones, the company will.
Answer:
make some profit
Explanation:
if ProPhone sells 4 blazer phones, its marginal revenue = $120, while its marginal cost = $50
That means that the company is making some profit.
total revenue = $600their total costs = $340net profit = $260In order for the company to maximize its profits, their marginal revenue = marginal cost.
Which of the following is a condition in the general environment that if exploited effectively helps a company reaches strategic competitiveness?
Answer:
The correct answer to the following question will be "Opportunity".
Explanation:
A market opportunity to sell or contract any commodity, facility, facilities, etc. that will allow the buyer-licensee to set up a business.The licensor of a marketing opportunity usually announces that he or she will protect or support the purchaser in finding a suitable destination or deliver the commodity to the cardholder-licensee.Therefore, Opportunity is the right answer.
Which of the following would NOT be an operations function in a commercial bank? Group of answer choices
1. teller scheduling
2. check clearing collection
3. auditing
4. maintenance
Among the following, maintenance is not an operations function in a commercial bank. Thus, option '4' is the correct option,
What are the operations function in a commercial bank?The general public, including both private citizens and small to medium-sized enterprises, is served by commercial banks' fundamental banking services and products. Checking and savings accounts, loans and mortgages, fundamental investment options like CDs, as well as additional services like safe deposit boxes, are among the services offered.
Fees and service charges are how banks are paid. These costs range from account fees (monthly maintenance fees, minimum balance fees, overdraft fees, non-sufficient funds (NSF) penalties), safe deposit box fees, and late fees, depending on the goods. In addition to interest costs, many loan packages also include other expenses. They use consumer deposits as collateral for loans. However, the interest rate that the bank pays on the money that they borrow is lower than the interest rate that is charged.
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________ firms are those that basically provide their owners a level of income similar to what they would be able to earn in a conventional job.
Answer: salary substitute firms
Explanation:
A salary substitute firm is a kind of small business that yield a level of income for their owner that is similar to what they would earn when working for an employer. Examples of salary substitute include small businesses such as hairdressing, restaurants, dry cleaning services etc. Majority of small businesses fit into this category.
When a T-shirt manufacturer states, "We sell it only in black because that way we can buy plenty of black fabric and run our plant efficiently," its statement reflects the views that were popular in which era of the evolution of marketing?a. production-oriented.b. sales-oriented.c. market-oriented.d. value-based marketing.e. economics-oriented.
Answer:
a. production-oriented.
Explanation:
The only consideration of the firm when deciding what to produce is how the plant can run efficiently. They don't consider cost or value of the good to consumers.
Thus, the firm is production-oriented.
I hope my answer helps you
Salesperson Sue has just completed a purchase and sale agreement with Bob, her client, in order to make an offer on a house. The agreement includes a good faith deposit of $5,000 in the form of a check, which Bob has given to Sue. Absent any specific instructions, what should Sue do with Bob's check?
Answer:
Sue should turn it over the to her broker
Explanation:
The agreement between Salesperson Sue customer Bob included a good faith deposit of $5,000 in the form of a check, which Bob has given to Sue. Absent any specific instructions, Sue should turn it over the to her broker should Sue do with Bob's check.
the headline of a news story is the most important part because it
A) always involves conflict
B) needs to grab the audience
C) will attract advertisers
D) must use precise grammar
Answer:
B.needs to grab the audience
The cyclical surplus is $450 billion, potential output is $10 trillion and tax rate is 15 percent. With this information, we can infer that the actual output of this economy is:________.
Answer:
$13 trillion.
Explanation:
The actual output of economy can be calculated using the following mentioned formula:
Cyclical deficit=tax rate in question(potential output - actual output)
-$450 billion=0.15($10 trillion-actual output)
-$450 billion=$1.5 trillion-0.15*actual output
0.15*actual output=$1.5 trillion+$450 billion
0.15*actual output=$1.95 trillion
Actual output=$13 trillion.
To address the widespread and growing concern of contaminated food causing serious injury and death to individuals throughout the U.S., Congress passed a law stating that anyone intentionally distributing contaminated food is subject to criminal prosecution, civil fines, or both. Congress included a provision that any company with a corporate food-safety compliance policy approved by the FDA would avoid criminal prosecution, but not civil fines. To be approved, the company policy must require the company to report to the U.S. Food and Drug Administration any test results that indicate salmonella is present and consult with that agency before shipping any possibly contaminated food. 1. Using the Business Process Pragmatism procedure as part of his decision making process, Trevor first should perform to determine the legal and ethical issues related to implementing a corporate food safety compliance policy.
Answer:To put in place a corporate food safety compliance policy is the basic requirements for salvaging the consumers from poisoned food ,companies are required by total quality management to go beyond just avoid fines but to put the customer safety first and foremost of their business plan ,the BPP requires company to take the following steps inquiry,discussion,decision, justifications and evaluation.
Explanation:using the business process pragmatism methods the following steps will be taken
Inquiry:Trevor should make inquiry on what constitutes poisoning in food industry,this may require stakeholders meeting which must include expert quality control officers,industry experts,representative of the US food and drug administration,legal expert in the food industry etc,
Discussion :the forum will review the causeof food poisoning in the industry and how it affects the populace and how it can be checked or reduced or avoided.
Decision a decision acceptable to all stakeholders which has the best interest of the consumers should be reached with a clear plan of implementation , this should consider the legal aspect and at the same time the health of the population which it tends to make it's consumers .
Justifications:there should be enough justifications for any decision reached because the board and the shareholders are also stakeholders and need to be convinced as well that any decision taken will have their interest as well as the consumers at heart as well as protecting the brand .
Evaluation:this requires financial aspect and the other resources that may be required to be assess while the best workable should be adopted.
At a local university, students talk about being able to retake an exam three times as a way of showing how committed the school is to helping them learn.
Answer:
Is part of the local university culture which shows people's expectation.
Explanation:
These are cultural implications on the decision of giving three chances to retake exams. Cultural implications are much more prominent in the UK where companies have to respect the cultural values of people. If we study about UK constitution we will find that it is not in the written format. When the CEO of Sony (USA) was appointed who was from Japan their was a warm welcome in his office. But after a month there was a strike witnessed because the CEO used to make decisions with an attitude which was a culture in Japan but was unacceptable in USA.
Analyzing the difficulty, frequency, and importance of work activities associated with a particular job is a fundamental aspect of job design.
Answer:
The correct answer to the following question will be "Job Analysis".
Explanation:
Analyzing the complexity, pace and value of work related to a given job is a fundamental aspect of career research.
A task review is a tool used to gather information about a given job's tasks, obligations, required skills, expectations and work environment. Job Analysis assembles a job description, which is the daily performance consequence of the work-study, you want as much information as possible.Therefore, Job Analysis is the right answer.
Justin bikes to work each morning and takes a time saving short cut using a path at the back edge of the parking lot of Manny's Landscaping. Manny's sues Justin for trespass to property and recovers $250 in damages. After the lawsuit, Justin continues to use the path that he has created on Manny's property. To prevent Justin from further trespass, Manny's should:____________a) install a high voltage electric fence.b) pursue an equitable remedy.c) sue for more money, which is Manny's only option.d) install surveillance cameras to monitor the premises at all times.
Answer:
b) pursue an equitable remedy
Explanation:
Note that Manny initially recovers $250 in damages only, while Justin continues to use the path that he created on Manny's property.
In the court of law an equitable remedy would prevent Justin from further trespass. This Equitable relief would require Justin to refrain from performing his action such as riding his bike on Manny's property.
Bill has $10 to spend on a Superman, Batman, or an X-Men T-shirt. Bill buys the Superman T-shirt and the Batman shirt was a close second choice. What is the opportunity cost?
Answer:
Opportunity Cost = Batman Shirt
Explanation:
Opportunity Cost is the coat of next best alternative forgone while making a choice.
Eg: Working as a teacher with salary Rs 20000, if a teacher sacrifises private coaching income = Rs 15000. Latter (Rs 15000) is the next best alternative forgone while choosing school teaching.
Similarly, Bill choosing Superman T-shirt has opportunity cost as value of his second best choice foregone i.e Batman T-shirt
Answer:
Bill sucks Batman is better than al of those other options
Explanation:
To avoid potential errors and fraud, well-designed internal control in the accounts payable area should include a segregation of which of the following functions?
Answer: Invoice verification and merchandise ordering.
Both processes helps to detect potential error in an order before it is granted.
Explanation:
Invoice verification involves confirming that an invoice has gotten to the department for scanning, processing, such invoice is verified before advance is given. The purpose of verifying an invoice is to be sure that it is accurate and there is no problem or dispute with the invoice.
merchandise ordering: is also known as merchandise buyers, it is the purchase for product or goods made for the purpose of wholesales or retails by a merchandise, such order shows item identification, delivery dates, quantities, specified payment terms, and other conditions which shows the authenticity of the order.
Internal control in an accounts payable area should segregate the authorization of transactions, recording of transactions, and custody of assets. Segregation ensures that no single individual can wholly control all parts of a transaction, thereby minimizing potential errors and fraud.
Explanation:Well-designed internal control in the accounts payable area generally should segregate the following functions to avoid errors and fraud :
Authorization of transactions: the approval process for the payment to ensure the expense is valid and necessary.Recording of transactions: the actual entering of data into the accounts payable system.Custody of assets: the physical or virtual possession of the company funds or checks used to pay vendors.Segregating these functions ensures that no single individual has control over all parts of a transaction. This can prevent fraudulent activities and minimize mistakes.
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When bonds have been issued at a premium, the periodic amortization of the premium will A) increase the carrying value of the bonds. B) have no effect on the carrying value of the bonds. C) decrease the carrying value of the bonds. D) cause the carrying value always to equal the face value of the bonds ) None of the above accunulated depreciation of $60, 000 in the Bagley rship
Answer:
C) decrease the carrying value of the bonds.
Explanation:
We calculate the bond premium by subtracting the face value of the bond from the paid amount for it. Then, we have to figure out how many months are left before the bond matures and divide the bond premium by the number of months remaining and this tells us how much to amortize on a monthly basis.
A supportive style of communication in which the sender expresses a willingness to consider the other person's position is called _________________.
a. control
b. provisionalism
c. problem orientation
d. empathy
e. neutrality
Explanation:
This involves acknowledging other point of view and willingness to listen and consider. So Provisional communication is the right answer.
Control communication:
Control over the entire process so that the expectation of the customer are satisfied.
Problem orientation:
Focused mainly on solving issue rather than finding reason behind.
Empathy:
Communicating ideas such that others understand it better.
Neutrality:
Communication will be threatening to the listener.
You deposit $10,000 in a bank and plan to keep it there for five years. The bank pays 8% annual interest compounded annually. Calculate the future value at the end of five years.
Answer:
$14,693.28
Explanation:
Data provided in the question:
Amount deposited in the bank = $10,000
Time for which it is kept, n = 5 years
Annual interest rate = 8% compounded annually = 0.08
Now,
The Future value using the formula for compounding is given as:
Future value = Amount deposited × ( 1 + rate )ⁿ
or
Future value = $10,000 × ( 1 + 0.08 )⁵
or
Future value = $10,000 × 1.4693280768
or
Future value = $14,693.28
Consider the following statement: "In general, profit opportunities are rare. At any time, many people are searching for them, and as a consequence, few exist." Which type of market does this statement best describe?
A. efficient market
B. international market
C. closed market
D. open market
Answer:
A. efficient market
Explanation:
An efficient market is a market where all information related to the price available to everyone and price changes quickly according to the available information. for example the Stock exchange market, where everyone knows about the share price of listed companies and because of this same available information to everyone there is more fluctuations in price and quantity of products and leads to limited profit opportunities.
Leticia is twentyminustwo years old and she has all of her savings in a Certificate of Deposit (CD) at the bank that currently pays an annual 1.5 percent yield. The account is protected by the FDIC so it is virtually risk free. She hopes to use her savings for a down payment on a new house in ten years. Inflation in house prices in her area has averaged 4 percent per year. What financial principle does she need to pay better attention to?
Answer:
There is direct relationship between risk and return, and there is time value of money.
Explanation:
Leticia must understand that there is direct relationship between risk and return. The higher the risk of an investment portfolio, the higher the return.
The rate of inflation in house property market price is quite higher than return receivable on her investment in CD.
In order to perfectly hedge against inflation in property price, there is a need for Leticia to invest now in a portfolio that is capable of given her at least 4% return on investment .
Suppose the state of Florida passes a law that increases the tax on alcoholic beverages. As a result, resi-dents in Florida start purchasing their alcohol in surrounding states. Which of the following principles does this best illustrate?
Answer:
Residents (people's) reaction to Incentives
Explanation:
An incentive represents something, an action or a law that causes people to act or change their behaviour about something at a particular time. Basically, incentives work by making rewards available to individuals who change their behaviour on a targeted issue.
Usually, since people rationally compare the costs and benefits of their actions, incentives gives them the opportunity to raise their perception of this costs and benefits and also induces them to respond.
Florida increases the tax on alcoholic beverages, the people still see the benefits of taking alcohol but not at the increased, the reaction therefore, is to purchase in surrounding states where they are still cheaper without a tax increase.
It should be noted from the Florida example that the reaction of people to incentives can both be negative and positive. This example shows a negative response as a result of raised costs when compared with benefits.
"________ products are less frequently purchased consumer products and services that customers compare carefully on suitability, quality, price, and style."
Answer: The correct answer is Shopping Products
Explanation: Shopping products are products that are not frequently requested and purchased. In purchasing these products, a consumer consciously weighs his options by comparing the suitability of the goods in meeting his needs.
The price and quality of the products are also determining factors for shopping products.
An office building has a potential gross income of $12,600 per year. The vacancy rate is 5% and the annual expenses are $3,600. What is the market value if the capitalization rate is 12%?
Answer:
The answer is $69750.00
Explanation
Calculation of market value using income approach is calculated as follows;
Value= Net operating income (NOI) /Cap rate
Net Operating Income (NOI) is potential rental income plus any additional property-related income minus vacancy losses minus total operating expenses.
Value= [12600 - (12600*0.05) - 3600] / 0.12
Value =$69759
The market value of the office building, with a 12% capitalization rate, is approximately $69,750, considering a potential gross income of $12,600, a 5% vacancy rate, and $3,600 in annual expenses.
To calculate the market value of an office building, you can use the income capitalization approach, which considers the potential gross income, expenses, and the capitalization rate. Here's the formula:
Market Value = Net Operating Income (NOI) / Capitalization Rate
First, we need to calculate the NOI:
Potential Gross Income (PGI) = $12,600 per year
Vacancy Rate = 5% (0.05)
Vacancy Loss = PGI * Vacancy Rate = $12,600 * 0.05 = $630 per year
Effective Gross Income (EGI) = PGI - Vacancy Loss = $12,600 - $630 = $11,970 per year
Annual Expenses = $3,600 per year
Net Operating Income (NOI) = EGI - Annual Expenses = $11,970 - $3,600 = $8,370 per year
Now, we can calculate the market value using the capitalization rate:
Capitalization Rate = 12% (0.12)
Market Value = NOI / Capitalization Rate
Market Value = $8,370 / 0.12
Market Value ≈ $69,750
So, the market value of the office building is approximately $69,750 if the capitalization rate is 12%.
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The study done by the Committee of Sponsoring Organizations (COSO) on financial statement frauds that occurred during the period from 1987-1997 had many key findings. Which of the following is NOT one among them?
Answer:
Most of these firms had audit committees that met at least four times a year.
Explanation:
COSO stands for Committee of Sponsoring Organization, which is an organization that is dedicated to offering the thought of guidance as well as leadership on the fraud deterrence, internal control and management of enterprise risk.
From the findings which is not found as fraud is that the most of the firms or businesses had committees of audit which met at least 4 times a year.
When marginal cost is greater than average cost, an increase in output up arrow average cost. When marginal cost is less than average cost, an increase in output ▼ up arrow down arrow average cost.
Answer:
MC > AC : AC rise ; MC < AC : AC fall ; MC = AC : AC minimum .
Explanation:
Marginal Cost MC is addition to total cost with an additional production.
∆C/∆Q
Average Cost AC is average cost per unit of production output. C / Q
Relationship between AC & TC : Average move in direction of Marginal .
MC > AC : AC rises
MC < AC : AC falls
MC = AC : AC is minimum
A six-month, 180-day CD offers an annualized interest rate of 1.10% and requires a minimum deposit of $25,000. What is the amount of interest that will be earned on this investment?
Answer:
$135.63
Explanation:
Data provided in the question:
Time = 180 days
Time in years = 180 ÷ 365 = 0.4932 years
Amount deposited = $25,000
Annual Interest rate = 1.10% = 0.011
Now,
Interest = Amount deposited × Rate × Time
or
Interest = $25,000 × 0.011 × 0.4932
or
Interest = $135.63
Hence,
The amount of interest earned is $135.63
________ operate in warehouse-like facilities, sell a limited selection of items, and offer few frills. Customers pay annual membership fees and are able to purchase goods at deep discounts.
a. Superstores
b. Factory outlets
c. Discount stores
d. Independent off-price retailers
e. Warehouse clubs
Answer:
warehouse clubs
Explanation:
this is a retail store, usually selling a wide variety of merchandise and goods, in which customers may buy large, wholesale quantities of the store's products, which makes these clubs attractive to small business owners.
The clubs are able to keep prices low due to the no-frills format of the stores. In addition, customers may be required to pay annual membership fees in order to shop.
Which of the following transactions would be recorded if using the accrual basis of accounting but not if using the cash basis of accounting?
a. Borrowing moneyb. Paying off loansc. Purchasing inventory on accountd. Collecting customer payments
Answer:
c. Purchasing inventory on account
Explanation:
Purchase of inventory on account is not to be recorded when cash basis of accounting is recorded...where as it is recorded when accrual basis of accounting is used.
: Maci is preparing the income statement for her company. Jon is preparing a report that needs to be filed with one of the government agencies the company reports to. What is implied here?
A : Both Maci and Jon are engaged in financial reporting.
B : Maci is preparing a formal financial statement, while Jon is engaged in financial reporting.
C : Jon is preparing a formal financial statement, while Maci is engaged in financial reporting.
D : Both Jon and Maci are preparing formal financial statements.
Maci is preparing a formal financial statement, while Jon is engaged in financial reporting.
Explanation:
Financial statements are detailed financial information of the company, individual or any other entity's financial condition and activities. Appropriate financial data is presented in an organized and easily understandable manner.
Usually, they contain four key financial statements, together with an overview and management discussion:
1. A financial report or balance sheet, reflects at a particular point on the finances, commitments and equities of a corporation.
2. Statements of company earnings, costs and losses over a specified time period include a profit and loss account (P&L report) or a disclosure of full income or statement of sales and expenditure. The report on the performance of the company is given on the profits and losses statement. These include sales and other expenses during the specified period.
3. A declaration of changes in stock, equity, or surplus profits, shows adjustments in the company's share capital within a specified period.
4. A cash flow statement describes the operation, spending and funding of a business in general during a specified period.
Maci is preparing a formal financial statement (income statement), while Jon is preparing a government report, but both are engaged in financial reporting. Thus, option B is the correct answer.
Explanation:The scenario presents Maci and Jon who are both involved in activities related to the company's financial tasks. The correct implication is that Maci is preparing a formal financial statement, known as the income statement, for her company - this is a key component of financial reporting. Jon, on the other hand, is preparing a report that needs to be filed with a government agency, which also falls under the ambit of financial reporting. The report could be of various types including regulatory filings, compliance documents, or other informational reports required by government entities. Therefore, option B is the most accurate: Maci is preparing a formal financial statement, while Jon is engaged in financial reporting.