Answer:
Option "2" is the correct answer to the following statement.
Explanation:
A short-term loan is a form of loan received to endorse short term business and personal wealth for a very short period. It is a tempting and temporary option, for most of the short term businesses which are not easily eligible for a loan from a financial institution.
This type of loan mostly paid back in a very short period usually in 12 months.
In this case, MVJ gets a loan for 90 days or 3 months so it is considered a short term loan.
Final answer:
MVJ Corp. is obtaining a short-term bank loan from Trimitium Bank, which requires repayment in 90 days and is backed by the firm's assets as collateral.
Explanation:
In the given scenario, MVJ Corp., a market research firm, is using short-term bank loans as a financing option by borrowing $2 million from Trimitium Bank with the agreement to repay the borrowed amount, along with interest, in 90 days. This type of loan is evidenced by a promissory note and often involves collateral, which, in this case, consists of the firm's inventories and receivables. This arrangement exemplifies a typical form of commercial bank lending, where banks provide short-term loans backed by the borrower's assets.
Suppose income increases by 25 percent and, as a result, the quantity of a particular brand of automobile demanded (holding the price for this particular automobile constant) decreasesdecreases by 37 percent. The income elasticity of demand for this brand of car is_____. This particular brand of automobile is a(n) _____ good. In another example, suppose market research shows that a particular brand of truck is a normal good and a luxury. If so, then the income elasticity of demand for this truck is:______.
A. Less than 1 but greater than 0.
B. Negative.
C. Greater than 1.
D. Positive.
E. Zero.
Answer:
-1.48
Inferior Good, as their quantity demanded decreases as the income of the consumers increases.
C. Greater than 1
As to be a normal good, the income elasticity should be positive. Then, when betwene 0 and 1 this is a necessary good used for the consumer to met their normal living standard
While above 1, menas their expense is more than proportional than income thus, it increases as the income increases more than proportionally that represent a luxury good.
Explanation:
To solve for the income elasticity we divide the variation in quantity over the variation in price:
-37/25 = -1.48
Brenda is the CEO of a large corporation. While presenting a proposal to a commercial bank for a corporate loan, she offered the bank's commercial loan manager a $10,000 "gift" for favorable treatment. Is Brenda guilty of bribery?
A. Brenda is guilty of bribery because she is dealing with a commercial bank in the normal course of business.
B. Brenda is guilty of bribery whether the manager accepts or not because the offer constitutes the crime.
C. Brenda is not guilty of bribery.
D. Brenda is guilty of bribery only if the manager accepts because the crime has not occurred without acceptance by the other party.
Answer: Brenda is not guilty of bribery.
Explanation: Bribery refers to the offering, giving, soliciting, or receiving of any item of value as a means of influencing the actions of a government official or legal office holders. Bribery, the act of promising, giving, receiving, or agreeing to receive money or some other item of value with the corrupt aim of influencing a public official in the discharge of his official duties.
Firms will hire additional workers as long as the nominal wage: A. is less than the marginal product of labor. B. equals the marginal product of labor. C. is greater than the marginal product of labor. D. is less than the value of the marginal product of labor.
Answer:
D) is less than the value of the marginal product of labor.
Explanation:
As an economic principle, firms will maximize their profits when the marginal revenue they receive for selling a good or service equals the marginal costs of producing and selling that good or service.
The marginal product of labor equals the change in total output gained from adding one extra unit of labor. It basically measures how much value is added by each additional unit of labor. So a firm will hire additional workers as long as the revenue generated from their work is higher than their wage.
All of the following are the interrelated components of a feasibility analysis EXCEPT: 1. Industry and market feasibility analysis 2. Make or buy feasibility analysis 3. Product or service feasibility analysis 4. Financial feasibility analysis
Answer:
Make or buy feasibility analysis
Explanation:
There is no concept such as Make or buy feasibility analysis
What exists are:
market feasibility which is all about how the real world market will be reacting towards a particular product or service.
Financial feasibility focuses specifically on the financial aspects of the study. It assesses the economical viability of a proposed venture by evaluating the startup costs, operating expenses, cash flow and making a forecast of future performance.
Product feasibility which has to do with product development
Answer:
Make or buy feasibility analysis ( 2 )
Explanation:
Feasibility analysis is a process of determining if a business idea is going to profitable/viable and the components of feasibility analysis include: industry and market feasibility analysis, organizational feasibility, product/service feasibility analysis and financial feasibility analysis.
The Make or buy feasibility analysis is not a component of a feasibility analysis it can rather be classified under the financial feasibility analysis which is concerned with how profitable a financial decision to be made in a business venture would affect the profitability of the business usually in the long term of the business. other components of the feasibility play different vital roles on how a business would turn out in the long and short term basis.
On July 22, Peter sold $15,500 of inventory items on credit with the terms 2/15, net 30. Payment on $10,000 sales was received on August 1 and the remaining payment was received on August 12. Assuming Peter uses the gross method of accounting for sales discounts, which one of the following entries was made on August 1 to record the cash received?
a. Cash 9,800
Sales Discount 200
Accounts Receivable 10,000
b. Cash 10,000
Accounts Receivable 10,000
c. Cash 9,800
Accounts Receivable 9,800
d. Accounts Receivable 200
Sales Discount Forfeited 200
Answer:
b. Cash 10,000
Accounts Receivable 10,000
Explanation:
In gross method of accounting the transactions are recorded by gross amount rather value net of discount. This method assumes that customer will not take any early payment discount.
Under gross method of accounting the cash will be debited by the whole amount paid on August 1, even the payment is made in discount period and account receivable will be credited by the $10,000.
Answer:
A)
Dr Cash 9,800
Dr Sales Discount 200
Cr Accounts Receivable 10,000
Explanation:
The gross method records the invoice at full price (accounts receivable $15,500) and if any discounts are made, the sales discount account is used.
July 22, merchandise sold terms 2/15, net 30
Dr Accounts receivable 15,500
Cr Sales revenue 15,500
August 1, partial payment collected
Dr Cash 9,800
Dr Sales discount 200
Cr Accounts receivable 10,000
August 12, invoice paid at full
Dr Cash 5,500
Cr Accounts receivable 5,500
*Sales discount is a contra revenue account.
Goodwill recovery differs between GAAP and tax rules in that GAAP requires corporations to (amortize/impair) goodwill whereas tax law requires corporations to (amortize/impair) goodwill. True or false?
Answer:
Impair and Amortize respectively.
Explanation:
Goodwill is the excess of purchase price over the fair market value of a company’s net assets.
A challenge of goodwill accounting is that it's treated differently under tax accounting and another under GAAP accounting.
Any goodwill created in an acquisition structured as an asset sales is tax deductible and amortizable over 15 years along with other intangible assets that fall under IRC section 197.
Under GAAP accounting, goodwill is not amortized but rather tested annually for impairment regardless of whether the acquisition is an asset/338 or stock sale.
What is the percentage of improvement for a client who has a baseline 10RM of 50 lb (22.7 kg) on the bench press and improves to 65 lb (29.5 kg) at her follow-up test session 3 months later
Answer:
30%
Explanation:
What is the percentage of improvement for a client who has a baseline 10RM of 50 lb (22.7 kg) on the bench press and improves to 65 lb (29.5 kg) at her follow-up test session 3 months later.
Percentage improvement is given by the following steps:
First: work out the difference (increase) between the two numbers you are comparing. Then: divide the increase by the original number and multiply the answer by 100. % increase = Increase ÷ Original Number × 100.
Therefore percentage improvement = [(65 lb - 50 lb) / 50 lb] x 100 = 30%
NTL is the largest cable company in the United Kingdom. The company has recently declared bankruptcy and needs to engage in restructuring in order to give it more flexibility and allow it to raise capital. Since it has identified the need for strategic change, what would be the organization's next step in this strategy-making process?
a. finding the optimal strategic solution
b. brainstorming
c. conducting focus groups
d. assessing the need for strategic change
e. conducting a situation analysis
Answer:
e.
Explanation:
Based on the information provided within the question it can be said that the next logical step for the company would be conducting a situation analysis. This is a complete analysis of the company's internal and external factories including the business's customers and potential clients, target market, their resources and capabilities, and the effect of the business environment on the business.
Under IFRS the test for asset impairment is to compare the carrying value of the asset to its recoverable amount. Which of the following is the recoverable amount according to IFRS?
A. The greater of future undiscounted cash flows or future discounted cash flows.
B. The greater of future discounted cash flows or fair value.
C. The greater of fair value less cost to sell or value in use.
D. The greater of fair value or value in use.
Answer:
Option C. The greater of fair value less cost to sell or value in use.
Explanation:
The IAS 36 Impairment of Assets says that the impairment must be recognised if the recoverable amount is greater than the cost of the asset and also tells about what actually the recoverable amount actually is.
Recoverable Amount is greater of:
Fair Value less Cost to Sellor
Value in use.So the option C is the correct option.
Pagent, a company that manufactures watches, introduces a new range of watches with a safety application programmed into it. This application is designed especially for women and helps them alert people in case of danger. In the context of innovation streams, which of the following concepts does this scenario best illustrate?A) A technological discontinuity
B) Technological lockout
C) Technological singularity
D) A technological barrier
Answer:
A. Technological discontinuity
Explanation:
Technological discontinuity is the process whereby new technologies has technical limits and economic relevance that are greater than those of the old technologies. Whenever there's technological discontinuity, it brings a new range of technological development.
Mentor Corp. has provided the following information for the current year: Units produced 3,500 units Sale price $ 200 per unit Direct materials $ 70 per unit Direct labor $ 55 per unit Variable manufacturing overhead $ 20 per unit Fixed manufacturing overhead $ 350,000 per year Variable selling and administrative costs $ 30 per unit Fixed selling and administrative costs $ 150,000 per year Calculate the unit product cost using variable costing. Group of answer choices
Answer:
Calculation of the unit product cost using variable costing
Direct materials 70
Direct labor 55
Variable Manufacturing Overhead 20
Product Cost 145
Therefore unit product cost is $145
Explanation:
It is important for this question to note that only Manufacturing Costs are included in calculation of product cost.
Non- Manufacturing costs are written off in Profit and loss account as period costs
Variable Costing
Variable costing system only allocates variable manufacturing costs to products to arrive at product cost.
Fixed manufacturing overheads are not included in product cost under this system and they are written off to the profit and loss account as a period cost.
n class, we looked at the case of Best Buy, where 20% of their customers generate a significant amount of profits by purchasing high margin items without bothering to use rebates. According to the lecture, what type of segmentation base is this?
Usage Rate Segmentation
Answer:
Angels
Explanation:
n class, we looked at the case of Best Buy, where 20% of their customers generate a significant amount of profits by purchasing high margin items without bothering to use rebates. According to the lecture, the type of segmentation base used is Angels.
Angels and Devils Best Buy is a New Customer Approach which clearly defines who current and potential customers are. A group of customers is identified so that it could be divided into different segments based on their motivations, traits and characteristics.
It is based on traits and characteristics that we are told in the scenario that ''20% of their customers generate a significant amount of profits by purchasing high margin items without bothering to use rebates.''
Answer:
D) Usage Rate Segmentation
Explanation:
Usage rate segmentation refers to a segmentation method that divides customers based on how much they purchase or spend on a product or service. Customers are divided into:
non-users and light product usersmedium product usersheavy product users: following the Pareto principle, 20% of your customers will represent 80% of your total sales revenue. This principle applies to most industries and in this case, it also applies to Best Buy.How will each of the following changes in demand and/or supply affect equilibrium price and equilibrium quantity in a competitive market; that is, do price and quantity rise, fall, or remain unchanged, or are the answers indeterminate because they depend on the magnitudes of the shifts? Use supply and demand to verify your answers.
a. Supply decreases and demand is constant.
b. Demand decreases and supply is constant.
c. Supply increases and demand is constant.
d. Demand increases and supply increases.
e. Demand increases and supply is constant.
f. Supply increases and demand decreases.
g. Demand increases and supply decreases.
h. Demand decreases and supply decreases.
Changes in supply and demand affect equilibrium price and quantity in predictable ways. A decrease in supply with constant demand raises price and lowers quantity. An increase in demand with constant supply raises price and quantity. When both supply and demand shift, the outcome depends on their relative changes.
The question at hand involves analyzing how changes in supply and demand affect the equilibrium price and equilibrium quantity in a competitive market.
Supply decreases and demand is constant: The equilibrium price will rise, and the equilibrium quantity will fall.
Demand decreases and supply is constant: The equilibrium price will fall, and the equilibrium quantity will also fall.Supply increases and demand is constant: The equilibrium price will fall, while the equilibrium quantity will increase.
Demand increases and supply increases: The equilibrium price may increase, decrease, or remain unchanged depending on the relative magnitudes of the shifts in supply and demand, and the equilibrium quantity will increase.
Demand increases and supply is constant: The equilibrium price will rise, and the equilibrium quantity will increase.
Supply increases and demand decreases: The equilibrium price will fall, but whether the equilibrium quantity rises, falls, or remains unchanged depends on the magnitudes of the shifts in supply and demand.
Demand increases and supply decreases: The equilibrium price will rise, but the change in the equilibrium quantity depends on the relative shifts in the curves.
Demand decreases and supply decreases: The equilibrium price could go either way depending on which effect dominates; the equilibrium quantity will fall.
You are taking a crash course in e-business in order to compete for a plum job opening in the field. However, you missed the class on popular B2B e-business tools and asked a friend to give you her notes. What points were made during the session?
Question Continuation
a. Intranets are accessible through the firm's Web site by external customers, suppliers, or other authorized users.
b. Extranets help companies share information among employees.
c. Private exchanges offer the ability to collaborate on projects and share information.
d. Private exchanges are used in an arrangement sometimes called proprietary business.
Answer:
Private exchanges offer the ability to collaborate on projects and share information
Explanation:
A crash course is a course taken with a short interval in a specific or particular subject. While the crash course is on, it is expected that one would be the basics, facts or skills relating to that job.
The B2B, also referred to as Business to Business platform or e-biz involved the online – through an online sales portal – sale of products and services between companies.
It deals with the exchange of products, services or information between businesses, rather than between businesses and consumers.
The B2B tools allows the ability to work in group on projects and it allows easy platform to share information between members of the group.
Answer:
Private exchanges offer the ability to collaborate on projects and share information
Explanation:
B2B e-business means business to business electronic commerce or business, which involves the sales of good through the internet or online method. This usually involves the use of electronic business tools like website, social medial and probably a CRM system, i.e customer relationship management system.
In an e-business class or course, private exchange will be mentioned. A Private Exchange means an ad exchange auction held by a single publisher for a select group of advertisers .And it is always owned and operated by a single company.
In this case, private exchanges gives the owner ability to collaborate and share information especially to the target people.
Chuck Praeger has made a name for himself by being able to sell golf equipment to anyone, anywhere, anytime. Chuck would like to expand his business into Pacific Rim countries and has begun making inquiries into potential distributors. Chuck is convinced that his golf equipment will sell itself. But Chuck is preparing his special "hard-sell" presentation for Asia because he wants to make a good first impression. As a Pacific Rim expert, what do you tell Chuck?1. Be sure to have a tight legal contract ready to avoid product piracy problems.2. Aggressive salesmanship is unlikely to work in Pacific Rim countries.3. Have plenty of English-language business cards to pass around because Asians are impressed with all things about the United States.4. Avoid the confusion introduced by third-party contacts.5. Aggressive salesmanship is unlikely to work in Pacific Rim countries.
As a Pacific Rim expert, I will tell Chuck Aggressive salesmanship is unlikely to work in Pacific Rim countries.
Explanation:
Aggressive sales tactics are getting a bad rap.
Slovenian, greedy, pushy vendor myth is often blamed on you. It is clear that certain sales representatives have undoubtedly overloaded the company in the past with aggressive marketing tactics, but this does not mean these closing techniques should be shunned permanently.
Currently, in 21st century marketing there is always a space for them. You just have to learn where and when to use them. You must remember that in all circumstances they are not ideal, but in the right context, they could be useful to the right buyer. You will certainly compound your selling advantage if you are in a hurry to sell and use these strategies at the wrong time, or on a wrong decision-maker.
Jim is able to sell a hand-carved statue for $50. The sale price reflected a 50% profit over the cost of the raw materials. How much did the raw materials cost him
Answer:
$33.33
Explanation:
We need to get the cost price of the materials as indicated by the question.
% profit = (selling price - cost price)/cost price * 100%
Let the cost price be $x
50 = (50 - x)/x * 100
50x = 100(50 - x)
50x = 5000 - 100x
150x = 5000
x = 5000/150
x = $33.33
Operating conditions can be adjusted to be carburizing, oxidizing, or neutral Group of answer choices Plasma Arc Welding (PAW) Oxyacetylene Welding (OAW) Resistance Spot Welding (RSW) Electron Beam Welding (EBW) Gas Tungsten Arc Welding (GTAW) Laser Welding (LBW)
Answer:
The correct answer is Oxyacetylene Welding (OAW).
Explanation:
Oxyacetylene welding is a type of autogenous welding. It can be carried out as a homogeneous welding, due to the fusion of pieces, either with or without material contribution depending on whether or not the contribution material is of the same type as the base; or without material contribution as autogenous welding.
Answer: Oxygen Fuel welding is the answer and the correct abbreviation is OFW. This is because the acetylene in oxygen acetylene welding releases carbon and without the oxygen to burn it it just creates lil black speckles that float around.
Explanation:
Andrew initially worked with a travel website for few months and then became self-employed by starting a martial arts school, where he taught karate to teenagers. After an year, he closed the school and joined an advertising firm. After two years, he quit the advertising firm and became self-employed as a freelance music composer. Which of the following terms indicates the changes in Andrew's employment structure?A. Volatility.
B. Adverse possession.
C. Bootstrapping.
D. Easement.
E. None of the above.
Answer:
Volatility
Explanation:
Volatility can be defined as instability and is characterized by a long-term pattern of unstable movements
In the scenario, Andrew has been highly unstable in his job patterns
Andrew initially worked with a travel website for few months and then became self-employed by starting a martial arts school, where he taught karate to teenagers.
Secondly, After an year, he closed the school and joined an advertising firm.
Thirdly, After two years, he quit the advertising firm and became self-employed as a freelance music composer.
Then the only term that indicates the changes in Andrew's employment structure is Volatility.
A Gantt chart is a horizontal bar chart that shows each work activity on a separate line with the bar placed from the early start date to the early finish date for each activity on a timescale.
1. True
2. False
Answer:
True
Explanation:
Henry Gantt developed the Gantt chart to lessen the hardship of the project schedule in 1917. That chart exhibits the advancement of any projects with the help of timing or schedule. It is a parallel bar chart. The work activity is shown on a separate line while bar placing from early start to early finish for each activity. The Gantt chart is a conventional project management tool to track the progress of projects. Therefore, the statement is true.
After recently having repairs made to a refrigerator, Tammy has found that it has a new problem. Tammy has an opportunity to buy another refrigerator for $900 instead of repairing the current one. What is a sunk cost of this scenario?
Answer: The cost of the previous repairs.
Explanation:
Tammy has an opportunity to buy another refrigerator for $900 instead of repairing the current one. The cost of the previous repairs is the sunk cost.
What is a sunk cost?An investment that has already been made but cannot be recouped is referred to as a sunk cost, also known as a retrospective cost. Opportunity costs, in contrast, represent the profits lost from resources that were invested somewhere else.
Sunk costs in company include things like marketing, research, installing new software or equipment, paying for workers and benefits, or paying for facilities.
According to economists, sunk costs should not, in theory, be considered while making decisions in the future. But in reality, sunk costs can and frequently do have a big impact on future choices.
This is largely due to the psychological difficulty of letting go of previously used time, effort, or money, even when the results did not live up to expectations.
The sunk cost fallacy occurs because our emotions frequently lead us to stray from sensible conclusions, according to the Decision Lab, a behavioral-science based research organization focusing on improving decision-making.
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Suppose that a country experiences growth strongly biased toward its export, cloth, Group of answer choices this will tend to improve the country's terms of trade. this will tend to worsen the terms of trade for the country's trading partner. this will tend to worsen the country's terms of trade. this will increase the price of cloth relative to the imported good. this will tend to leave the country's terms of trade unchanged.
Answer:
this will tend to worsen the country's terms of trade.
Explanation:
We can imagine a country C whose main export is cloth. Currently country C is gaining from its trade because its opportunity cost of producing cloth is very low.
Since the country's economy is growing strongly because its cloth exports re growing, this will appreciate the country's currency. As the country's currency appreciates, is domestic cost of producing cloth will get closer to the world price of cloth.
This will result in an increase in the cost of exports and a decrease in the price of imports, which will end up hurting the country's economy and it will weaken its trade position.
Something similar happens to countries that rely heavily on exporting commodities. The country's economy grows, but the other industries suffer and eventually the cost of producing commodities increases, and the benefits gained from exports decrease. E.g. during several years Argentina's economy grew strongly solely based on exporting agricultural products. Soon inflation started to rise and the costs of producing agricultural products increased, lowering the gains of trade. Since the rest of the economy relied on the benefits generated by exporting soybean oil, corn and other byproducts, when those benefits decreased, the whole economy collapsed. It was like a giant exporting bubble.
Growth biased toward a country's cloth export can lead to improved terms of trade if international demand increases sufficiently due to the cheaper export prices. The correct answer is E. This will tend to leave the country's terms of trade unchanged.
When a country experiences growth strongly biased toward its export, in this case, cloth, several outcomes are possible in terms of international trade dynamics and terms of trade effects. If the improvement in the country's cloth production leads to a significant price drop, the demand in the international market may increase, resulting in a rise of the country's terms of trade, which is the price of its exports relative to imports.
Should the demand increase in greater proportion to the decrease in price, the country may see a more favorable balance as it earns more from cloth exports, raising domestic prices, including cloth. Conversely, if the demand does not increase proportionally with the cheapening of cloth, the country might face a deficit in its balance of trade, leading to money outflow and reduced prices, including that of cloth.
Therefore, if the country's growth in cloth production leads to an improvement in its terms of trade, this would imply that exports are more valuable relative to imports, allowing the country to purchase more imported goods for a given amount of exports. Whether or not the trade terms for the country's trading partner worsen depends on the relative changes in mutual demand and price ratios.
Ultimately, focusing on export growth can lead to improved terms of trade for the exporting country if the global demand rises sufficiently in response to lower export prices. It could also cause a rise in the price of cloth relative to the imported good or leave the terms of trade unchanged if there is no significant change in the demand.
Question:
"Suppose that a country experiences growth strongly biased toward its exports, specifically cloth. Which of the following statements is most likely true?
This will tend to improve the country's terms of trade.
This will tend to worsen the terms of trade for the country's trading partner.
This will tend to worsen the country's terms of trade.
This will increase the price of cloth relative to the imported good.
This will tend to leave the country's terms of trade unchanged."
__________ is a type of segmentation in which the company strategically focuses on targeting a smaller market with particular needs that the company can serve well.
Answer:
niche marketing
Explanation:
Niche marketing -
It refers to as one of the subset of the market , which focus on certain products , is referred to as niche marketing . It is also known as small market segment .
It tries to focus on some specific needs of the market , the production and quality of the goods and services .
It tries to support smaller companies in order to live with the highly competitive market .
Hence , from the given scenario of the question ,
The correct answer is niche marketing .
James Krieg has finished law school but has unsuccessfully taken the bar exam twice. Krieg is running low on patience and cash. He has begun writing wills to see him through this time of crisis and is charging $200 per will. Some of his will clients have refused to pay Krieg, and he wishes to take them to a small claims court. Which of the following statements is true?
a. Krieg could recover the fees since the licensing after the bar exam is simply to raise funds.
b. Krieg's agreements are void.c. Krieg could recover the fees on a quasi-contract theory.
d. Krieg's agreements are voidable.
Answer:
B. Krieg's agreements are void
Explanation:
The bar examination, is the examination that is administered by a jurisdiction's bar association that a lawyer needs to pass before being admitted to the bar of that jurisdiction.
It is the Examination that Lawyers need to pass before they can be given license to practice law in a jurisdiction.
Since Kreig is yet to write his Bar Examination successfully, whatever documents he writes and signs as a Lawyer is void, because,he doesn't have the right to practice law in his Jurisdiction yet.
A technological advance would best be represented by: A shift outward of the production-possibilities curve. A shift inward of the production-possibilities curve. A movement from inside the production-possibilities curve to a point on the production-possibilities curve. A movement from the production-possibilities curve to a point inside the production-possibilities curve.
Answer:
Option A-A shift outward of the production-possibilities curve.
Explanation:
The reason is that the technological advancement brings increased productivity and higher growths prospects of the products. When Henry Ford used the taylorism framework in assembling of its automobiles the result was greater efficiencies which helped him to decrease the costs significantly and increase its production by sufficient amount. This means higher the technological advances the higher are the efficiencies and if the higher are the efficiencies the higher are the productions. So the production possibility curve will move outward which shows that there are higher chances that the production will increase.
A technological advance is best represented by a shift outward of the production-possibilities curve.
Explanation:A technological advance would best be represented by a shift outward of the production-possibilities curve. This represents an increase in the potential output of an economy due to new technology or processes. When there is a technological advance, the production-possibilities curve shifts outward because more goods and services can now be produced.
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If a firm's variable cost per unit estimate used in its base case analysis is $50 per unit and they anticipate the upper and lower bounds to be /- 10%, What is the "worst case" for variable cost per unit
Answer:
$55
Explanation:
Variable cost of production is the portion of production cost that varies with production amount. In addition to fixed cost it gives total cost of production.
Since there is a +-10% boundary for variable cost. The worst case in terms of high variable cost is 100%+10%= 110%
So worst price = 1.10* 50= $55
On the other hand best case scenario is 100-10= 90%
Best price= 0.9* 50= $45
Skyrim Corp. lacks the capital and capacity to launch its new helicopter for full national and international distribution. If the test market results look promising, what should be management's next step?
A) retest the product in additional markets
B) develop a planned market rollout over time
C) liquidate its assets to gain capital and capacity
D) seek the help of a nationally known consultant
E) develop a prototype
Answer:
B) develop a planned market rollout over time.
Explanation:
Since Skyrim corp has limited resources to launch its new helicopter for national and international distribution, the best option will be to develop a planned rollout that will be implemented at different times in the future.
For example they can start locally to distribute their helicopters. Then as capital and capacity increases they can go statewide, regional, and then national.
A timetable for planned expansion should be set up. For example achievement of national distribution in one year.
Gammy Corporation provides services with a normal price of $800,000 and a trade discount of $100,000. Terms are 2/10, n/30 and the customers pay within 10 days. The net service revenue is:______.
Answer:
The net service revenue amounts to $686,000
Explanation:
The formula to compute the net service revenue is as:
Net Service Revenue = (Price - Trade discount) - Discount of 2%
where
Price is $800,000
Trade discount is $100,000
And the discount of 2%
Therefore,
NSR = ($800,000 - $100,000) -Discount of 2%
= $700,000 - 2% 0f $700,000
= $700,000 - $14,000
= $686,000
NOTE: The customer paid within 10 days so the customer is allowed for 2% discount on the amount.
If the Federal Reserve tightens the money supply, other things held constant, short term interest rates will be pushed upward, and this increase probably will be greater than the increase in rates in the long term market T/F
Answer:
True
Explanation:
When the Fed tightens the money supply, it is carrying out a contractionary monetary policy. This is generally done to fight high inflation rates and basically what happens is that the Fed increases the interest rates and starts selling more securities so that it can absorb more money, therefore reducing total money supply.
What are the Examples of private purpose trust funds
Answer:
Scholarship Trust fund is an example of private trust funds
Explanation:
Private purpose trust funds are fiduciary funds established to account for gifts the school district receives to be used for a particular purpose or to account for moneys and property received and administered by the school district as trustee.
Your boss never gives you the benefit of the doubt. When you arrived late from lunch, he assumed that you had simply taken too much time. He never considered that the elevators were not working that day and the fact that you had to walk up 10 flights of stairs. Your boss is guilty of ________.a. self-serving bias.b. selective perception.c. fundamental attribution error.d. inconsistency.e. stereotyping.
Answer:
The correct answer is C
Explanation:
Fundamental attribution error, also recognize or stated as the attribution effect or the correspondence bias, which is defined as the tendency of the people to under emphasize the situational explanations for the observed behavior of the individual when over emphasing the personality grounded explanations for their behavior.
Under this situation, the boss provide the benefit of the doubt on his employee while not considering the situational explanations of the employee. So, in this situation, the boss is guilty of the error which is fundamental attribution.
The behaviour of Boss is
C. Fundamental attribution error
The boss is not realising that elevator can be in a non working condition and simply is assuming that the employee have arrived late from lunch and is spending more time on lunch then on work while it should have been the other way.
Fundamental Attribution ErrorThe fundamental attribution error is a social psychology state that some people have. This type of behavior can be difficult for the people around such a person to bear as explained in the scenario that Boss has made a perception and does not consider any other perspective.
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