Answer:
The options for this question are the following:
A. Increase; Increase.
B. Increase; Not change.
C. Not change, Increase.
D. Do none of the above
The correct answer is A. Increase; Increase.
Explanation:
The natural unemployment rate is one that represents a level of unemployment that cannot be reduced and is part of what is considered normal in an economy. This level usually ranges between 2% and 5% and is part of the frictional unemployment of the population.
The natural unemployment rate exists, in part, because some workers quit their jobs, ceasing to earn income for a time, for various reasons. These may be, for example, the aspiration for a better professional opportunity or the distance to the workplace.
Burger King licenses its brand name to foreign firms as long as they agree to run their restaurants on exactly the same lines as Burger King restaurants elsewhere in the world. In return, the foreign firms have to pay Burger King a percentage of their profits. This is an example of:______.a. exporting.b. entering a strategic alliance.c. franchising.d. undertaking a greenfield investment.e. offshoring.
Answer: Franchising.
Explanation:
As described in the question Burger King is taking part in franchising where it's company name and some key business information is shared with foreign companies and those company pay a little part of their profit to Burger King in return. Franchising is a business process which occurs when, a very successful/ well known business gives another business the right to use their business name and the known business gets paid a regular percentage of profit in return.
Under the UCC, when the goods are in transit, if the seller or lessor learns that the buyer or lessee is insolvent, the seller or lessor can _______. Group of answer choices stop the carrier or bailee from delivering the goods not pay for the goods when they arrive seek a discount, since the seller is already in need of money and he or she will have to offer a lower price return the goods because doing business with an insolvent company does not look good to other businesses
Answer:
stop the carrier or bailee from delivering the goods.
Explanation:
Under section § 2-705 of the UCC the seller has the right to stop delivery of goods that is in the possession of the bailee or carrier if he discovers the seller is insolvent and unable to pay for the goods.
He may stop the delivery of planeload, carload, truckload or large freight until the buyer makes payment before delivery.
If the goods are already with the buyer he has 10 days to return the goods or make payment for them.
Assume that Hann did not pay her student loans in full and did not have any supporting evidence that indicated that she did. Instead, Hann claims that she does make enough money to pay her full loan payment each month and that they should be forgiven. Hann is employed and makes an average salary for her occupation.In order to obtain relief from her debts, Hann _____ allege that she is insolvent and cannot pay her debts.
need not
Generally, student loans _____ dischargeable in bankruptcy.
are not
An exception to this rule is if there is evidence of _____.
undue hardship
It is likely that Hann's financial situation _____ qualify her for discharge.
does not
Answer:
True - Because the court will test for her insolvency and/or living hardship with the Brunner test which requires her showing that she cannot maintain, based on current income and expenses, a “minimal” standard of living. This is not the case because she is employed.
Explanation:
1. Assume that Hann did not pay her student loans in full and did not have any supporting evidence that indicated that she did. Instead, Hann claims that she does make enough money to pay her full loan payment each month and that they should be forgiven. Hann is employed and makes an average salary for her occupation.In order to obtain relief from her debts, Hann need not allege that she is insolvent and cannot pay her debts.
True - Because the court will test for her insolvency and/or living hardship with the Brunner test which requires her showing that she cannot maintain, based on current income and expenses, a “minimal” standard of living. This is not the case because she is employed.
2. Generally, student loans are not dischargeable in bankruptcy.
TRUE - Student loans are not discharged in bankruptcy unless you show that payment of the debt “will impose an undue hardship on you and your dependents.”
3. An exception to this rule is if there is evidence of undue hardship
TRUE - Student loans are not discharged in bankruptcy unless you show that payment of the debt “will impose an undue hardship on you and your dependents.”
4. It is likely that Hann's financial situation does not qualify her for discharge.
TRUE - Because Hann is employed and makes an average salary for her occupation. The court will test for her living hardship and the most common test is the Brunner test which requires a showing that the debtor cannot maintain, based on current income and expenses, a “minimal” standard of living; but this is not the case because she is employed
5 years ago,an individual has invested $10,000 in aninvestment trust. Over those years, the trust has distributed $2,000, consisting of $1,600 of dividends and $400 of capital gains. The investor has reinvested these distributions in additional trust units. The investors aggregate current cost basis in the trust is:A. $10,000
B. $10,400
C. $11,600
D. $12,000
Answer:
correct option is D. $12,000
Explanation:
given data
invested = $10,000
distributed = $2,000
dividend = $160
capital gain = $400
solution
As when investor beginning trust shares is $10,000 and 2,000 of distributions
so that here all subject to tax in years tax return
and here reinvestment in to new trust shares that is increase basis from $10,000 to $12,000
so investor have capital gain when sell all the shares more than $12,000
so here they have capital loss if sale less than $12,000
so correct option is D. $12,000
Nora is deciding whether to purchase brand name sneakers or a store brand. She has purchased other shoes with the same brand name in the past but was only marginally satisfied. In this situation, Nora is likely to purchase the store brand sneakers because they offer
greater perceived value
Answer:
Greater perceived value.
Explanation:
Nora is deciding whether to purchase brand name sneakers or a store brand. She has purchased other shoes with the same brand name in the past but was only marginally satisfied. In this situation, Nora is likely to purchase the store brand sneakers because they offer greater perceived value. Perceived value can be defined as the customer's evaluation and analysis of the benefits of the products and their capability to meet their expectations, needs and wants, specifically when they compare it with their competitors. Customers think that certain products are better in meeting their needs and expectations, these exceptions can be real or may be un-real because in marketing, perception of quality is sometimes more important than the quality itself. Nora has started believing the same thing in this scenario.
The following information is available for Department X for the month of August:Work in process, August 1:Materials$ 8,480Conversion costs$15,900Costs added during August:Materials$29,680Conversion costs$26,500Equivalent units of production (weighted average):Materials4,240Conversion5,300Department X's cost per equivalent unit with respect to conversion, using the weighted average method would be:
Answer:
$8
Explanation:
The computation of the cost per equivalent unit with respect to conversion is shown below:
= Total cost ÷ conversion equivalent units of production
where,
Total cost equal to
= Beginning Work in process cost of conversion + cost added in conversion
= $15,900 + $26,500
= $42,400
And, the conversion equivalent units of production is 5,300 units
So, the cost per equivalent unit is
= $42,400 ÷ 5,300 units
= $8
TransAm Mail Service purchased equipment for $2,500. TransAm paid $400 in cash and signed a note for the balance. TransAm debited the Equipment account, credited Cash and:________.a. nothing further must be done.
b. credited another asset account for $400.
c. credited a liability account for $2,100.
d. debited the retained earnings account for $2,100.
Answer:
c. credited a liability account for $2,100
Explanation:
The complete journal entry would be:
Account Debit Credit
Equipment $2,500
Cash $400
Accounts Payable $2,100
Accounts payable is a liability account that represents the balance that TransAm Mail Service has not yet paid.
Wine and Roses, Inc., offers a bond with a coupon of 8.5 percent with semiannual payments and a yield to maturity of 9.20 percent. The bonds mature in 6 years. What is the market price of a $1,000 face value bond?
The market price of a bond can be found by calculating the present value of its future interest payments, or the coupon, plus the present value of its face value which is returned at the maturity date. The coupon is the bond's face value times the coupon rate. The market price is the sum of these two components.
Explanation:To find out the market price of a bond, we need to calculate its present value. The present value of a bond is calculated as the present value of its future interest payments, or the so-called coupon, plus the present value of its face value which is returned at the maturity date.
The coupon is the annual interest payment and for this bond, it's the face value of the bond times the coupon rate, i.e. $1,000*8.5% = $85. The coupon is paid semiannually, so we divide it by 2 and get $42.50. To get the present value of the total coupons for the life of the bond, we sum the present values of each individual coupon payment over 6*2 = 12 periods (since payments are semiannually), bringing each to present using the yield to maturity (9.2%).
The second part of the bond’s present value is the face value (i.e., $1000) at maturity discounted to present using the yield to maturity. This represents the return of the initial investment at the end of the bond's life.
If we recall that the market price of the bond is the sum of these two components, we can eventually find it. Disclaimer: actual calculations can be very complex depending on the ways interest rates are compounded.
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If a company's after-tax borrowing rate is greater than the company's earning yield when the company repurchases stock with borrowed money, going forward, the earnings per share is most likely to: A. increase. B. decrease. C. remain unchanged.
Answer:
b) Decrease
Explanation:
When a company use borrowed money to repurchase shares, the borrowed money is at a cost, therefore the earnings per share will only increase if the company's earning yield(earnings per share/price per share) is greater than the after-tax cost borrowing rate.
However in the case that the after-tax cost borrowing rate is equal to the company's earning yield, the earnings per share will remain the same, and if the after-tax cost borrowing rate exceeds the company's earning yield, the earnings per share would decrease.
You have won a contest and are allowed to choose between two prizes. One option is to receive$200 today and another $200 one year from now. The second option is $100 today and anadditional $325 one year from now. At what interest rate (if any) is the present value of the twoprizes identical?A) 0 percentB) 5 percentC) 25 percentD)10 percentE) none of the above
Answer:C) 25 percent
Explanation:
option A
$200 now and another $200 one year from now
The Present value for this option = $200 + $200/(1 + r)
Option 2
$100 now and $325 one year from now
The Present Value for this option = $100 + $325/(1 + r)
The question requires us to find an interest rate that will make the two prizes must be identical which means an interest that will make the present value of option A to be equal to the present value of option B
We therefore EQUATE present value formula for option A with present Value equation of option be and solve for variable " r "
$200 + $200/(1 + r) = $100 + $325/(1 + r)
100 + 325(1+r) = 200 + 200/(1 + r)
325/(1+r) = 200 + 200/(1+r) - 100 = 100 + 200/(1 + r)
325/(1 + r) = 100 + 200/(1 + r)
325/(1 + r ) = 100 x (1 + r)/(1 + r) + 200/(1+ r)
325/(1 + r) = (100 x (1 + r) + 200)/(1 + r)
cross multiply
(100 x (1 + r) + 200) x (1 + r) = 325 x (1 + r)
100(1+r)^2 + 200(1 + r) = 325(1 + r)
dividing the entire equation by (1 + r) we get
100(1 + r) + 200 = 325
100(1 + r) = 325 - 200 = 125
1 + r = 125/100 = 1.25
r = 1.25 - 1 = 0.25
R = 25%
The calculation of GDP does NOT include the value of:________1. Michelin tires purchased by Canadian car collectors. 2. Goodyear tires purchased by the United States Secret Service. 3. Bridgestone tires purchased by Ford Motor Co. 4. Firestone tires sold at your local garage.
Answer:
3. Bridgestone tires purchased by Ford Motor Co
Explanation:
GDP is the total value of the output of a country. It captures the value of all the new products and services produced within the borders of a nation. An increase in GDP signifies growth in the economy.
Economists consider the value of new and finished consumer products only when calculating GDP. Goods and services meant for the production of other goods and services are excluded. If included, it would result in double-counting. Tires bought by the Ford motors are to be used in the production of motor vehicles. They are capital goods. Tires bought by the secret service, the Canadian collectors, and in the garage are for consumption; hence should be included in the GDP.
The value of intermediate goods, such as tires sold at a local garage, is not included when calculating GDP.
Explanation:Gross Domestic Product (GDP) is the total value of all final goods and services produced within a country in a specific period of time, usually a year. When calculating GDP, certain items are excluded. One of these items is the value of intermediate goods, which are goods used in the production of other goods. For example, the value of the iron used in the production of a refrigerator would not be included in GDP. Similarly, tires sold at your local garage are considered intermediate goods and would not be included in GDP.
George is the executive producer of a small recording company with an established label. He rejects a popular local band because it competes with a group already on their label. He functions as a
Answer:
gatekeeper
Explanation:
In a company's buying process, the gatekeeper is usually the person that doesn't allow a potential supplier or vendor from reaching the company's decision makers.
In this case, George's role is unusual because gatekeepers tend to be lower ranking employees like secretaries or administrative assistants that filter out unimportant suppliers.
Answer:
gatekeeper
Explanation:
Hello! George's job is to protect what he offers, as he does with his already established group, rejecting over another possible group that competes with his success. Its function is to take care of what he is representing under his discography and avoid any problems that harm his work.
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Fresh Veggies, Inc (FVI), purchases land and a warehouse for $490,000. In addition to the purchase price, FVI makes thefollowing expenditures related to the acquisition: broker’s commission, $29,000; title insurance, $1,900; and miscellaneousclosing costs, $6,000. The warehouse is immediately demofished at a cost of $29,000 in anticipation of building a newwarehouse. Determine the amount FVI should record as the cost of the land.
Answer:
$555,900
Explanation:
Cost of land is every expenditure in getting ready the land for use.
Cost land = 490,000+29,000+1,900+6,000+29,000= $555,900
Answer:
$555,900
Explanation:
The cost of an item of asset comprises: the cost of purchase, net of any trade discounts plus any import duties and non-refundable sales taxes. any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Therefore in the case of Fresh Veggies, Inc (FVI) all costs incurred to bring the land to intended use will be considered as part of the value of the Land
Purchases................................ $490,000.
broker’s commission............... $29,000;
Title insurance............................. $1,900
Miscellaneous closing costs.... $6,000.
Demolishing cost...................... $29,000
TOTAL COST.............................$555,900
What is the impact of an increase in worker productivity when demand is relatively more elastic? A. An increase in sales revenue received by the firm. B. A small increase in the price received by the firm. C. A large increase in the price received by the firm. D. A decline in sales revenue received by the firm.
Answer:
A) An increase in sales revenue received by the firm.
Explanation:
If worker productivity increases, the total output produced by the company will increase while the average cost per unit produced will decrease. This should result in a rightward shift of the supply curve that decreases the product's price at every level of quantity demanded. Since the demand is elastic, a small decrease in price will result in a larger increase in quantity demanded.
hen Target sells winter coats, it sends them to stores at different times of the year. This is an example of ________. Group of answer choices Demographic segmentation Geographic biases Climate segmentation Climate change Lack of winter in the South
Answer:
Climate segmentation
Explanation:
Climate segmentation -
It refers to the practice of focusing a particular weather , in order to sell goods and services according to the respective climate , is referred to as Climate segmentation .
In this method potential people are targeted on the basis of the requirement of goods for a particular weather .
Hence , from the given scenario of the question ,
The correct answer is Climate segmentation .
An overall increase in spending by manufacturing businesses is likely to have which effect?
A fewer exports
B greater employment
C lower consumer prices
D increased household saving
Answer:
B. greater employment
Explanation:
"Consumer spending" drives any country' economy. When consumer spending increases, the manufacturing businesses tries to meet the demand by increasing their spending. This means that the manufacturing companies need to hire more workers in order to continue its operations. So, this leads to a greater employment. When the output they produce creates a surplus, it results to many exports rather than fewer exports.
So, this explains the answer.
Capricorn Creative Inc., a U.S. based advertising firm, was the first in the advertising industry to identify the growth potential of Brazil and to make huge investments in it's economy. As a result, the firm was able to build brand loyalty and gain experience in that country's business practices. In the language of business strategy, Capricorn Creative has typically benefited from:
A.
a first-mover advantage.
B.
forward integration.
C.
unrelated differentiation.
D.
lateral diversification.
E.
technology transfer.
Answer:
Option A-First mover advantage
Explanation:
The first mover advantage is the advantage to the firm who first steps in to take the risks to ensure future benefits in the long term perspective. The particular example includes of TaTa company in India which has more than 90% of the market and was the first company in India that tried to meet requirements of every class of person, small and medium organization to large corporations. This increased production helped the company to gain economies of scale and the country import policies also though do helped the company.
Furthermore, here the advertising firm is not investing but is a means of investment for many investors which means it has no investment in the country and hence there are no forward integration and lateral diversification.
It can also be noted that the company was not transferring its technology in the state option E is also incorrect.
The unrelated differentiation comes when the firm offer its customers a uniqueness of product services which in this case can not be seen prominent. The company advertises similar to other advertises like the other firms and is not pursuing unrelated differentiation so the option C is also incorrect.
Which new form of communication put the pony express out of business after just 18 months of operation?
Answer:
The telegraph
Explanation:
It took about 10 days and many relay riders to cover the distance between Missouri and California, so even if the pony express was a relatively fast was of sending letters, it still took a long time. On the other hand, the telegraph was almost instantaneous. You needed to set up the communication lines and someone who understood the Morse code, but the difference in time was huge.
The Jackson Company incorrectly omitted $100,000 of merchandise from its 20X1 ending inventory. In addition, a merchandise purchase of $40,000 was incorrectly recorded as a $4,000 debit to the purchases account. As a result of these errors, 20X1 before-tax income is:___________.1. Overstated by $136,0002. Understated by $136,0003. Overstated by $640004. Undersated by $64000
Answer:
4. understated by $64000
Explanation:
Purchase cost increases the cost of goods sold and reduces profit before tax (PBT) income.
Similarly, closing inventory balance increases profits before tax income.
In the given case, purchase cost is understated by $40,000 less $4000 i.e $36000. This would overstate the profits by $ 36000. Whereas, omission of closing inventory from records of $100,000 would understate profits by $100,000.
Thus, the net effect of the two mentioned omissions and errors would lead to understated profits by $100,000 less $36000 i.e by $64,000.
Read the following scenario, and determine if the message is professional. Message sent from a BlackBerry mobile device to a client: Jack, are you available this evening? I’d like to touch base on the Smith project. Best, Katie. This message sent from a BlackBerry mobile device to a client is:________. A) Professional B) Unprofessional
Answer:
I would say it's B that's gonna be my answer
Final answer:
The message is considered professional as it is clear, polite, and concise, reflecting the norms expected in business communications. It adequately considers the appropriate context, content, and audience, which are crucial for professional interactions.
Explanation:
The message sent from a BlackBerry mobile device to a client saying, "Jack, are you available this evening? I’d like to touch base on the Smith project. Best, Katie." is professional. It is succinct, polite, and to the point, which aligns with best practices for business communications. Daily business operations often involve formats and protocols that differ from personal communication, including heightened content and audience consideration.
Key aspects of professional texting include addressing recipients politely, stating the purpose of the message clearly, and maintaining a formal, respectful tone. These practices help to ensure the message is understood and makes a positive impression on the recipient. The brevity and clarity of the message also demonstrate respect for the client's time, as texting is often used for short exchanges when a phone call may be inconvenient.
Professionals should also consider the recipient's preferences for communication times. If evening messages are acceptable to the recipient, then the message maintains its professionalism. This highlights the importance of understanding your audience and tailoring your communications accordingly, ensuring effectiveness and appropriateness in a business context.
Every day, people make decisions about spending that directly influence their quality of life. They make choices about how to earn money, save money, and spend money. Making wise and educated financial decisions improves quality of life, while making hasty and poor financial choices decreases quality of life.
Consider your personal financial situation and your future plans. In one paragraph, explain how your personal financial choices will affect your quality of life both now and in the years to come.
Answer: I have made a change in my financial part to think about having a more stable future.
Explanation:
Right now I am at a point where savings are a priority. A few years ago I was spending a lot of money and did not think long term. Last year I decided to grow financially and tour my life in that regard. Create two sources of savings. I have some savings that are for my future and other savings for travel. I do not take money from my savings for the future, I am prohibited. If an emergency arises, the money will go out of travel savings in case my emergency savings are not enough.
I am thinking long term. I am saving to buy real estate and then change my vehicle. I have two jobs, both where I have the flexibility and don't get overwhelmed. If you had not decided to put aside spending money excessively, you would have had nothing today and surely you could be suffering due to the changes we are currently going through.
A country with a very low per capita GDP can have a very high growth rate because mathematically, when the________ is________, even a small difference in the________will result in a large growth rate.
Answer:
Denominator
Lower
Numerator
Explanation:
The reason is that the statement is talking about the low per capita GDP which we can see in the picture attached with this answer.
We can see that if the denominator is lower which means that either population decreases or remains constant when the GDP has increased then the the growth in the per capita GDP will be higher because minute increases in the GDP will increase the answer with significant percentages.
Answer:
A country with a very low per capita GDP can have a very high growth rate because mathematically, when the DENOMINATOR is VERY LOW, even a small difference in the NUMERATOR will result in a large growth rate.
Explanation:
The reason why poor countries tend to grow at much higher rate than rich countries is fairly simple to explain, a small increase in absolute revenue will result in a large percent increase. On the other hand, rich countries need really large increases in revenue in order to get a small percent increase.
For example, in 2018 the GDP per capita in the US is $62,641, a $1,000 increase would result in only a 1.6% increase.
On the other hand, in 2018 the GDP per capita in China is $10,200, a $1,000 increase would result in a 9.8% increase.
in 2018 the GDP per capita in Africa (the whole continent) is $4,097.85, a $1,000 increase would result in a 24.4% increase.
In order to get a 24.4% increase in the American GDP per capita, an increase of $19,781.37 would be needed. China's economic indicators are showing this, before t grew by more than 10% per year, now it is growing below 7%, and soon it will be growing at around 5%. It is not possible to keep growing at extremely high rates forever.
The Patriot Act requires that telecommunications carriers and manufacturers of telecommunications equipment modify and design their equipment, facilities, and services to ensure that they have built-in surveillance capabilities.1. True2. False
The Patriot Act requires that telecommunications carriers and manufacturers of telecommunications equipment modify and design their equipment, facilities, and services to ensure that they have built-in surveillance capabilities - False
Explanation:The ability of U.S enforcement of laws in the area of terrorism detection is improved with the help of this act called The Patriot Act. This was enacted in 2001. Th main aim of this act is providing the necessary tools for the identification and the elimination of terrorism in U.S.
The constitution is being violated by the section 215 of this act. The main violation is that Fourth Amendment. The main thing that is encapsulated in this amendment is the conduction of a search without having proper warrant or a reason for believing that a particular person has committed that crime.
Jane and Joseph Sechrist signed a contract to have a swimming pool built in their backyard for $10,000. The salesman for the pool company signed the contract as well on a space marked "Salesperson." Two days after the contract was signed, the salesman called the Sechrists back and asked them to come in and sign a new contract for $11,000 because the vice president had not approved the original price. Jane has checked the contract and discovered that there is no language that requires the approval of anyone other than the salesperson. Jane and Joseph can have their pool built for $10,000 because: a. the salesman had at least apparent authority to bind the pool company. b. of misrepresentation. c. the pool company has ratified the contract. d. the pool company was bound once Jane and Joe signed the contract.
Answer:
A) the salesman had at least apparent authority to bind the pool company.
Explanation:
In this case, the salesperson (or the agent) apparently had the authority to sing a contract representing the pool company. The contract even had a specific place for him to sign.
Apparent authority is defined as a situation where a reasonable person (Jane and Joseph) will believe that the agent (salesperson) has authority to act on behalf of the principal (pool company). If such a situation exists, then the principal is bound by the agent's actions.
The strategic options for expansion into foreign markets include all of the following except Multiple Choice creating products and services that are not subject to tariffs and local regulations. maintaining a national (one-country) production base and exporting goods to foreign markets. licensing foreign firms to produce and distribute one's products. employing a franchising strategy. establishing a subsidiary in a foreign market.
Answer: All choices are correct
Explanation:
The strategic options for expansion into foreign markets include
•Employing a franchising strategy would create room for expansion into foreign markets as most brands in the country will have their presence in other countries thereby creating a market presence and increasing revenue.
•Maintaining a national (one-country) production base and exporting goods to foreign markets. They emphasis on manufacturing and exporting cannot be overemphasized enough as it boosts a countries economy.
•licensing foreign firms to produce and distribute one's products. This gives foreign firms the ability to strengthen the nation's economy
•Establishing a subsidiary in a foreign market, making various branches in the foreign market will help the country gain relevance in the foreign market.
Creating products and services that are not subject to tariffs and local regulations is not a typical strategic option for expanding into foreign markets; realistic options include exporting, licensing, franchising, and establishing subsidiaries.
Explanation:The strategic options for expansion into foreign markets include all of the following except creating products and services that are not subject to tariffs and local regulations. This statement does not represent a common or viable strategy for market expansion since it is unrealistic to expect products and services to be completely exempt from such restrictions. On the other hand, valid strategic options for entering foreign markets include maintaining a national production base and exporting goods, licensing production to foreign firms, franchising, and establishing a subsidiary in the foreign market. Each strategy has its benefits and compromises, such as competitive advantages through specialization, facing tariffs and standards that can impact pricing and production, and deciding between a free trade association, common market, or economic union basis for international trade.
The most important source of inequality arises from a person's relationship to the means of production." This statement might be heard from a ______.
Answer:
The most important source of inequality arises from a person's relationship to the means of production." This statement might be heard from a Marxist.
Explanation:
According to Marxist theory, means of production are the factors formed by means of work and objects of work - or everything that mediates the relationship between human work and nature, in the process of transforming the nature itself in order to produce something.
According to Marxist theory, the human labor force and the means of production constitute the productive forces, which, together with the relations of production (social and technical). Each mode of production corresponds to a social structure - that is, a way of organizing society - and a certain pattern of relations between members of society. According to Marxist theory, the capitalist mode of production corresponds to a class structure, in which the ownership of the means of production determines the position of the bourgeoisie as the dominant class
Answer:
The correct answer is Marxist.
Explanation:
Marxism is known as the set of ideas, concepts, theses, theories and proposals of a philosophical, ideological, political and economic nature, as well as a certain conception of the world, social and political life, which derives from the work of Karl Marx and Friedrich Engels, and that has a doctrinal character.
Thus, Marxism is a current of thought, a theoretical-explanatory model of human reality that has served as the ideological basis of what is known as historical and dialectical materialism, of communism and of the different types of socialisms.
William won the company contest to devise the most innovative ways to market the company's products. William suggested 40 different ideas, while the runner up proposed only 20. William won because he best exercised his _____ intelligence.
Answer:
creative
Explanation:
Creative intelligence is what we generally call creativity, or the ability to create new things or come up with new ideas. Creative intelligence relies on the imagination of the people, being to able to see something different where everyone else sees the same thing. Creative intelligence is a key characteristic of successful entrepreneurs.
Two cars got an oil change at the same auto shop. The shop charges customers for each quart of oil plus a flat fee for labor. The oil change for one car required 5 quarts of oil and cost $23.40. The oil change for the other car required 7 quarts of oil and cost $26.90. How much is the labor fee and how much is each quart of oil
Answer: Oil quart = $1.75 each and Labor fee = $14.65
Explanation:
First Car
5 oil quarts plus flat fee for labor = 23.40
Second Car
7 oil quarts plus flat fee for labor = 26.90
Labor is fixed which means the cost of labor for servicing the first car is equal to the cost of labor for servicing the second car. Hypothetically speaking if we used the same number of oil quarts in both cars, the cost of servicing each car would be the same. The cost would be equal to $23.40, but now 2 more oil quarts were used in servicing the second car and costs rose to $26.90.
We know that labor is fixed therefore the change in total costs from $23.40 to $26.90 is caused by the extra two more oil quarts used in the second car. Therefore this means that the cost of 2 oil quarts is $3.50 (26.90 - 23.40) which tells us that 1 quarter of oil is equal to $1.75 ($3.5/ 2).
Cost servicing First Car
total cost of oil = 5 oil quarts x 1.75 = $8.75
Labor fee = 23.40 - 8.75 = $14.65
Cost of servicing the Second car
total cost of oil = 7 oil quarts x 1.75 = $12.25
Labor fee = 26.90 - 12.25 = $14.65
Oil quart = $1.75 each and Labor fee = $14.65
Sarah has recently started a restaurant in a commercial area where there are many other established restaurants and popular fast food chains. Sarah owns the plot on which her restaurant is located and this makes her cost of operations lower than the competitors. This factor allows her to offer her products at a competitive price. Sarah has also invested a huge amount on the interiors of the restaurant and in equipping the kitchen with the latest appliances used by her competitors. In this scenario, which of the following is the most valuable resource for Sarah's business?A. The investments made by Sarah on the restaurant's interiors
B. The latest kitchen equipment that is at par with the restaurant's competitors
C. The restaurant's late entry into the market
D. The land owned by Sarah, which reduces cost of operations
Answer:
(D) The land owned by Sarah, which reduces cost of operations
Explanation:
Owning a land in a commercial area is the most valuable resource for Sarah's business because it saves her from paying the rent and rent always increases per year. And often many businesses operational cost suffer due to rent especially in commercial areas.
Which advantages of small business helped mary ellen sheets establish and grow two men and a truck? 2. which disadvantages of small business did two men and a truck have to overcome? if you had been part of the business at the start, what suggestions would you have offered for overcoming these issues? 3. do you think it's a good idea for two men and a truck to offer franchises outside of north america? why or why not? what kinds of questions would international franchi- sees be likely to ask the company?
Solution:
1. Two men and a truck have an advantage of making their workers comply with the Grandma Law, which demonstrates respect and compassion for their clients. It welcomed new buyers, retained the faithfulness of current customers and made the company's own identity distinctive. The freedom of Two People and a Truck was another plus.
Two men and a truck were using the unsegmented approach to the market that many small companies have to or plan to do. This was based in its business or division on any consumer.
The marketing technique used was the conventional and modern internet and social media marketing method, PR&D and the news media.
2. A) a lack of venture value: because they were a very small enterprise that used to carry their operations out, most customers had lost confidence or a value in their funding, believing their concept of selling franchises was not a successful one.
b) Failure to have sufficient funding: Originally, as this business started to expand rapidly, it emerged as a money-making workplace; a big concern was the shortage of investment resources.
Suggestions for addressing this were: using alternate funding strategies such as retained profits, bank loans, and so on.
3. Two men and a truck should sell concessions outside North America. That is a smart idea. It is because since developing the organization, it is clear that it knows its strong fields, which it will use to develop a stable presence on the world market, with some 300 franchises in North America. Furthermore, this packaging and shipping company's business model is something essential and recognizable in the world.
Global franchises are more likely to question the organization if it is willing to adapt or deviate its strategies in order to suit the consumer market in a different country with a particular philosophy from the North American community, its corporate social management programs, its goals and its organizational ethics.