Mycenaean Greeks became more powerful after destruction of Crete.
Option c
Explanation:
The Civilization of Mycenaean in the ancient Greece is considered to be the last phase of the bronze age with the span of 1600–1100 BC. The civilization was named after the most prominent area called the Mycenae in Argolid.
The first wave of destruction in their mainland occurred in 1250 BC due to few unidentified reasons. The second and final destruction happened on 1190 BC which marked the end of the whole civilization.
They are known to be the first human to speak the Greek language. They were majorly influenced by the people of earlier Minoan civilization which was situated on Crete island.
One of the reasons for new-product failures is that the products a. are test marketed in locations isolated from the media. b. offer no discernible benefits compared to existing products. c. do not match their features with the competitors' products. d. are promoted continuously at regular intervals.
Answer:
b. offer no discernible benefits compared to existing products
Explanation:
One of the reasons for new-product failures is that the products offer no discernible benefits compared to existing products. Therefore customers will just continue to purchase the existing products because they know the providing company's product and trust that it will meet their expectations. In order for new products to succeed they need to provide potential customer with something new and beneficial that they cannot get elsewhere.
Under the gold standard of currency exchange that existed from 1879 to 1914, an ounce of gold cost $20.67 in U.S. dollars and £4.2474 in British pounds. Therefore, the exchange rate of pounds per dollar under this fixed exchange regime was:________.A) £4.8665/$.B) £0.2055/$.C) always changing because the price of gold was always changing.D) unknown because there is not enough information to answer this question.
Answer:
B. £0.2055/$
Explanation:
Given that
An Ounce of gold cost = $20.67 in US dollars
An ounce of gold cost = £4.2474 in British pounds.
Therefore,
Exchange rate per 1 dollar
= 4.2474 ÷ 20.67
= 0.20548
= 0.2055.
This means that 1 dollar is equivalent to 0.2055 British dollars at that time using that exchange rate.
£0.2055/$
Under the gold standard, the exchange rate of pounds per dollar was determined by dividing the fixed gold prices of both currencies. For an ounce of gold at $20.67 and £4.2474, the exchange rate was approximately £0.2055 per dollar.
Explanation:Under the historical gold standard of currency exchange between 1879 and 1914, the price of an ounce of gold was fixed at both $20.67 in the United States and £4.2474 in British pounds. To find the exchange rate of pounds per dollar, we perform a simple division calculation of the two fixed gold prices.
The calculation is as follows:
Divide the British pound gold price by the American dollar gold price (£4.2474 / $20.67).This division equals approximately £0.2055.Therefore, the exchange rate was £0.2055 per US dollar during this fixed exchange regime.The exchange rate under the gold standard was stable and determined by the relative gold content in the currencies of different countries. It wasn't always changing, as the gold prices were themselves fixed. This system provided a measure of international monetary stability until the onset of World War I, whereafter many countries suspended the gold standard to print more of their currencies to pay for military expenditures.
From the perspective of the consumer, the factory system meant ________. Group of answer choices cheaper manufactured goods fewer choices in manufactured goods acute shortages of many manufactured items lower quality manufactured goods manufactured goods priced beyond the means of many consumers
Answer: Cheaper manufactured goods.
Explanation:
The factory system is a method of mass production of goods in an industrial way, which uses the line assembly system to manufacture multiple products at a lower cost, and in the least amount of time.
With this production system, the industrial era began in Great Britain, and today is the most widely used method of producing merchandise worldwide due to the low costs involved in the production.
I hope this information can help you.
Recently there have been violent protests against the World Bank and the World Trade Organization. The protesters argue that these institutions promote free trade and also encourage corporations in rich countries to invest in poor countries. The protesters contend that these practices make rich countries richer and poor coun- tries poorer. How would economists feel about these protesters' views? a. They would disagree with the protesters because these practices will help make both rich and poor countries richer. b. They would disagree with the protesters about free trade, but would agree with the protest- ers about corporate investment. They would disagree with the protesters about corporate investment, but would agree with the protesters about free trade. d. They would disagree with the protesters about free trade and corporations, but would agree that these institutions are not necessary. 0TER c.
Answer:
A) They would disagree with the protesters because these practices will help make both rich and poor countries richer.
Explanation:
Free trade and foreign direct investments should make increase the wealth of both poor countries and rich countries. This rarely happens due to one main problem, corruption in poor countries. A lot of people are angry at foreign multinational corporations that have excessive powers on poor countries and they also earn extremely high profits, but it is not only the fault of the multinationals, it is also the fault of the poor countries' leaders.
No corporation can simply go to another country and claim everything for themselves, ti doesn't work like that. Generally corporations have very deep pockets and they simply bribe a president, a secretary of something, a few more people including congressmen and magically they purchase the purchase assets at below market prices. This repeats again and again everywhere around the world, with a very few exceptions.
For example, Ireland was extremely poor and when it joined the European Union it decided to host several multinationals and it has turned into a developed country since then. Chile is another successful story, and it was a dictator that opened Chilean economy to foreign investment.
The problem with most poor countries is that their corrupt leaders benefit themselves and not the country.
The Ayayai Corp. purchased $7990 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $1410 on hand. The adjusting entry that should be made by the company on June 30 is:______.a. debit Corp Supplies Expense, $2,000; credit Corp Supplies, $2,000.b. debit Corp Supplies, $4,500; credit Laundry Corp Expense, $4,500.c. debit Corp Supplies, $2,000; credit Laundry Corp Expense, $2,000.d. debit Corp Supplies Expense, $4,500; credit Corp Supplies, $4,500.
Explanation:
The adjusted journal entry is shown below:
Corp Laundry supplies Expense A/c Dr $6,580
To Corp Laundry supplies A/c $6,580
(Being the corp supplies expense is recorded)
It is computed below:
= Purchased value of laundry supplies - still on hand
= $7,990 - $1,410
= $6,580
The answer is correct but The options that are given are incorrect.
The company used $6580 worth of supplies in June. The correct adjusting entry would debit Corp Supplies Expense and credit Corp Supplies with this amount. However, none of the given options seem to reflect this correctly.
Explanation:The Ayayai Corp. originally purchased $7990 worth of laundry supplies, which was recorded as an asset. However, at the end of the month, they counted only $1410 worth of supplies left. This implies that the company used $7990 - $1410 = $6580 worth of supplies. Therefore, Ayayai Corp. should make an adjusting entry to reflect the decrease in value of the laundry supplies. The correct answer is a new entry that debits (increases) Corp Supplies Expense and credits (decreases) Corp Supplies. But none of the given options state a credit and debit of $6580 for Corp Supplies and Corp Supplies Expense respectively. As such, the provided options seem to be incorrect when compared against the $6580 expense.
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Upon discovering fraudulent data in a client’s tax return that the client would not correct, a CPA withdraws from the engagement. How should the CPA respond if asked by the successor CPA why the relationship was terminated?
Answer:
I would suggest that the client requests permission for us to discuss all matters on a platter.
Answer:
Even though a client cannot force CPA to engage in illegal activities, like any other employer cannot force an employee to commit a crime, there exists a -accountant-client privilege that cannot be violated. This means that the accountant cannot disclose any information regarding past clients unless ordered by a court or authorized by the client himself/herself.
So, before discussing any previous events, the successor CPA must obtain the client's permission to discuss any events related to the previous relationship.
Chief financial officer Barry submits travel and expense reports that are completely genuine and encourages employees in his division to always give accurate and correct information. Barry is using the ethical initiative called:________.a. leading by example. b. open-book management. c. accepting whistleblowers. d. developinf formal mechanism for dealing with ethical problems.
On October 1, Year 1, Little Co. enters into a contract with a customer to build a factory on the customer’s land for $1,000,000. The construction of the factory is expected to be completed at the end of Year 5. Based on Little’s accounting policies, the progress toward completion of the factory is measured using the input method based on costs incurred. During Year 1, Little incurred $450,000 in costs in respect to this contract and billed the customer for $600,000. At the end of Year 1, Little cannot reasonably est.
The firm's accounting profit was $50,000, calculated by subtracting explicit costs from sales revenue. To find the economic profit, which was $20,000, the opportunity cost of not renting out the land must also be considered and subtracted from the accounting profit.
To calculate a firm's accounting profit, we deduct the total explicit costs from its total sales revenue. In the given scenario, the firm's sales revenue was $1 million, and its explicit costs for labor, capital, and materials were $600,000, $150,000, and $200,000 respectively.
Therefore, the accounting profit equals $1,000,000 (sales revenue) - $600,000 (labor) - $150,000 (capital) - $200,000 (materials) = $50,000.
For the economic profit, we consider both explicit costs and implicit costs, such as opportunity costs. The firm could have rented out the land where its factory is situated for $30,000 per year, which is an opportunity cost. Hence, the economic profit is the accounting profit minus the opportunity cost, which is $50,000 (accounting profit) - $30,000 (opportunity cost) = $20,000.
Regardless of on whom a tax is levied, sellers face which of the following?
A a decrease in the amount of money they receive
B an increase in the amount of money they receive
C an increase in demand for their good or service
D a decrease in demand for their good or service
Answer:
A a decrease in the amount of money they receive
Explanation:
If the seller levies the tax on the customer, the tax will increase the price of a product and in turn decrease the demand for the product. Decreased demand, in turn, will reduce the total revenue.
But if the seller levies the tax on themself, it will not increase the product price but lower the seller revenue directly. Either way, the revenue of the seller will be decreased.
Final answer:
Sellers typically experience a decrease in the amount of money they receive when a tax is levied due to changes in market prices and demand. Tax incidence analysis helps to understand how tax burdens are distributed between buyers and sellers and indicates how changes in elasticity affect the economic behavior of consumers and producers.
Explanation:
Regardless of whom a tax is levied, sellers will typically face a decrease in the amount of money they receive for their goods or services. This occurs because a tax on a product raises its cost, potentially leading to a decrease in quantity demanded or forcing the seller to lower the price they receive to maintain demand. Furthermore, the effect of a tax can be illustrated through tax incidence, which shows how the tax burden is shared between buyers and sellers. A tax on sellers can shift the supply curve upwards, while a tax on buyers shifts the demand curve downwards. Regardless, the result is a higher effective price for buyers and a lower net receipt for sellers.
From a financial market perspective, a decline in interest rates can occur due to a rise in the supply of money or loanable funds. Conversely, an increase in the number of loans made and received is associated with either a rise in the demand for loans or a rise in the supply of loanable funds. In terms of tax revenue, elasticities of demand and supply determine the tax incidence and the amount of revenue generated. Specifically, if demand is very elastic, consumers are likely to reduce the quantity purchased rather than pay higher prices. Similarly, if supply is very elastic, sellers are likely to reduce the quantity sold rather than accept lower prices.
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
Answer:
2. False
Explanation:
It is false that a patriots act needs the telecom carriers and the manufacture of the telecom equipment to modify and design the facility and services to ensure that they have built-in surveillance capabilities that affect the telecommunication system of the country.Donna works in an auditing firm and her manager is extremely happy with the quality of her work. When the department head sends out an e-mail highlighting the common errors made while auditing a client's files, Donna does not bother to read the e-mail. This is because she knows that those errors were not made by her. This scenario best exemplifies:_______.a. selective perception.
b. stereotyping.
c. self-monitoring.
d. projection.
Answer:
a. selective perception
Explanation:
Selective perception refers to only perceiving what an individual wants to, ignoring the viewpoint and ideas which oppose or challenge their own basis of perception.
In the given case, Donna who works in an audit firm was notified of the errors which as per her, she didn't commit. Instead of responding to such a mail or confronting the situation and explaining herself, she rather chose to ignore the mail altogether.
This classifies as a case for selective perception.
Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home and back. The business is profitable during the summer months, but when the storage space is unoccupied in the off-season, Alex loses money. Which of the following characteristics of service is most likely the source of Alex's problem?a) intangibility
b) perishability
c) inconsistency
d) variability
e) inseparability
Answer:
d) variability
Explanation:
Variability is the quality of a service that does not follow a fixed, or predictable pattern, following instead a changing (or variable), or unpredictable pattern.
Seasonality is a type of variability that occurs when a business is subject to very rigid time constraints: in some periods of time it booms, and in other periods, it busts.
Alex's business is seasonal because it only becomes profitable during the summer months, while the other three seasons represent a net loss for him.
You play racquetball at a community club. You have two options for paying for court time. Option A: You pay $12 for court time each time you play. Option B: You buy a club membership for $120 and then pay $2 each time you play. a. Write and solve a linear system to determine the number of visits for which the cost would be the same for each option. b. For what numbers of visits is option B less expensive
Answer: y = 12x
Y = 2x + 120
a). X = 12
b). X= 14
Explanation: for the two options cost to be the same, you equate the two equations.
For the visit of option B to be less expensive, X will be greater than 12
Answer:
a) The answer is 12 visits (b) number of visits greater than 12
Explanation:
Option A = $12 per visit
Option B = $120 for membership $2 for each time you play
We have to equate the two options to get a linear system
Let each visit be x
A = 12x
B = 120 + 2x
equating A and B
12x = 120 + 2x
120= 10x
x = 12. The answer is 12 visits
b) the number of visits for option b is less expensive is any visit greater than the equilibrium cost for both options. example if I visit for a 13th time then
option A = 12 X 13 = 156
option B = 120 + 2(13) = 146
What is a review of successful products that takes place during the production​ process?
Answer:
Value analysis
Explanation:
The value analysis is the evaluation made by a company during the creation of a product to make sure that the specifications of it are adequate and that the cost is not higher than needed so that it can perform its functions properly at the right price. According to this, the answer is that the review of successful products that takes place during the production process is value analysis.
A _______ is a cluster of complementary products and services that are closey related in the minds of consumers but are spread across a diverse set of industries.
A meta market is a cluster of complementary products and services that are closely related in the minds of consumers but are spread across a diverse set of industries.
Explanation:
Meta market can be defined as two or more markets that has distinct features are connected in some or the other way to a service or a product. It can be stated as an attempt to increase the sides of marketing by including all the non-profit organizations.
The term meta marketing was first coined by E.J.Kelly while discussing science of marketing and ethics issues.
Example: The meta market for domestic cleaning products includes the house cleaning service companies and the house owners.
A business ecosystem refers to a network of interlinked companies that are co-dependent and influence each other through their relationships. The smartphone industry, with its many related participants, represents such an ecosystem.
Explanation:A business ecosystem is a cluster of complementary products and services that are closely related in the minds of consumers but are spread across a diverse set of industries. This term represents the complexity of business relations, venture connections, and market dynamics. An example of a business ecosystem can be the smartphone industry where hardware manufacturers, network providers, software developers are all participating, different but closely related parts.
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Apple restricts its computer manufacturing line to only a few basic models that can be assembled in four minutes, which gives customers a good choice with quick delivery. This is an example of:______.
Answer: Unsegmented Marketing.
Explanation:
Apple company decision to use a single phone design to meet the consumption need of all their customers and phone lovers in the market is an example of Unsegmented Marketing. In Unsegmented Marketing a producer makes a product or service that is capable of meeting all consumers needs at once.
Answer:
unsegmented marketing
Explanation:
An unsegmented marketing strategy (A.K.A. mass marketing) takes place when the producer of a good or service views their potential market as homogeneous and therefore carries out only one single marketing program to try to reach their customers. This single marketing program generally includes one (or few very similar products), one price (or very similar prices), one single promotional effort and a similar distribution system for every customer.
In this case, Apple has probably determined that most of their potential clients fall under one category, and that they value short delivery times very much. That is why their product line depth is actually pretty shallow.
This happens not only with computers, but also with iPhones and iPads. If you compare Apple's product mix length to other manufacturer like Samsumg, they offer very limited variations of their different product lines.
At the beginning of the month, the baking department of Mario Company had no beginning work in process inventory. At the end of the month, 800 units that were 75% complete with respect to materials were in the in the ending work in process inventory of its baking department. During the month, 1,200 units were completed and transferred to Finished Goods. Assuming that the weighted-average method is used, the equivalent units in the ending work in process inventory with respect to materials of the baking department equal:_______.
Answer:
600 Units
Explanation:
Given:
Opening balance of inventory = 0 units
Ending balance of the month = 800 units
Finished units during the month = 1,200 units
Completed work in progress = 75% = 0.75
Ending work in process inventory = ?
Computation of ending work in process inventory:
Ending work in process inventory = Ending balance of the month × Completed work in progress
= 800 × 0.75
= 600 units
Final answer:
The equivalent units in the ending work in process inventory with respect to materials, using the weighted-average method, are 600 units.
Explanation:
To calculate the equivalent units in ending work in process inventory with respect to materials using the weighted-average method in a baking department with no beginning inventory. At month's end, there are 800 units that are 75% complete. To find the equivalent units for materials for these partially complete units, simply multiply the number of units by the percentage completion for materials. Thus, the equivalent units with respect to materials in the ending work in process inventory are 600 (800 units × 75%).
Jessica verbally agrees to sell her house to Kandis, and Kandis makes a $10,000 down payment, moves in, and begins the installation of a pool in the backyard. If Jessica changes her mind seven months later and wants her house back, a court would likely find that:________.
a. Jessica may get her house back because one year has not yet passed.
b. there is no sale because the contract was not in writing.
c. Kandis may keep the house because there has been partial performance.
d. Kandis may keep the house because more than six months have passed.
Answer:
Kandice may keep the house because there has been partial performance.
Explanation:
Jessica verbally agreed to sell her house to Kandis and even collected a part payment for the agreement. So there is an enforceable contract that has been partially fulfilled when Kandi's made a down payment of $10,000.
If Jessica want to get her house back 7 months later she may not be able to do so because there has been partial performance.
Also Kandi's has made renovations in the house. This is an extra cost incurred and will be damages if Jessica insists on getting the property back
"section of the comprehensive annual financial report that presents tables and charts showing social and economic data in addition to financial trends, fiscal capacity, and operating information of the government is the"
Answer:
The correct answer is the statistical section
Explanation:
The comprehensive annual financial report is divided into three areas, which are:
The introduction
Financial section
Statistical section
The introductory paragraph serves a guide to readers in digesting information contained in the financial and statistical sections.
The financial section presents information on the financial performance and position of the business.This section contains all the relevant financial statements,disclosure notes on financial reporting as well as the the report issued by the independent auditor upon conclusion of annual audit.
Lastly, the statistical section is more like a five-year or ten-year financial summary showing the performance of the company year-on-year,highlighting where performance was encouraging,so also where improvement is expected.
Two firms, such as a small local, family-owned Italian restaurant and Olive Garden, share few markets and have little similarity in resources, but are nonetheless direct and mutually acknowledged competitors. true or false
Two firms, such as a small local, family-owned Italian restaurant and Olive Garden, share few markets and have little similarity in resources, but are nonetheless direct and mutually acknowledged competitors - False
Explanation:A state of rivalry that exists between any company that sells identical or similar products and services refers to the competitors. There are two types of competitors such as direct and indirect competitors. Direct competitors are the firms that sells same kind of goods and services. They also focus on the same market segment and also customers.
Indirect competitors refers to those companies that sells similar goods and services but, they will not be having similar end goals. The given statement is false since the firms given are sharing only few of the markets and also have less similarity in the resources. Hence they cannot be competitors either directly or indirectly.
an economy as a whole, a. wages must equal profit. b. consumption must equal income. c. income must equal expenditure. d. consumption must equal saving.
The correct statement about an economy as a whole is that income must equal expenditure. This principle, known as income-expenditure equality, means the total amount of income earned in an economy will equal the total spent on goods and services.
Explanation:In an economy as a whole, the correct statement would be that income must equal expenditure. This principle is known as the income-expenditure equality and it is foundational to macroeconomic theory. The basis behind this theory is that the total amount of income earned in an economy, when it is in equilibrium, will equal the total amount spent on goods and services. This creates a circular flow of money. For example, people earn income by providing labor, and they spend that income on goods and services. Therefore, most of the income people earn goes back into the economy as expenditure.
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In an economy, aggregate expenditure must equal real GDP at equilibrium. The national saving and investment identity states that the quantity supplied and demanded in the financial capital market must be equal. The equilibrium can also be found mathematically by setting national income equal to aggregate expenditure.
Explanation:When the macroeconomy is in equilibrium, it must be true that the aggregate expenditures in the economy are equal to the real GDP-because by definition, GDP is the measure of what is spent on final sales of goods and services in the economy. Thus, the equilibrium calculated with a Keynesian cross diagram will always end up where aggregate expenditure and output are equal—which will only occur along the 45-degree line.
The national saving and investment identity must always hold true because, by definition, the quantity supplied and quantity demanded in the financial capital market must always be equal. However, the formula will look somewhat different if the government budget is in deficit rather than surplus or if the balance of trade is in surplus rather than deficit. For example, in 1999 and 2000, the U.S. government had budget surpluses, although the economy was still experiencing trade deficits. When the government was running budget surpluses, it was acting as a saver rather than a borrower, and supplying rather than demanding financial capital. As a result, we would write the national saving and investment identity during this time as:
Step 11. Find equilibrium mathematically, knowing that national income is equal to aggregate expenditure.
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Which of the examples provides the best evidence that inflation has occurred? A person whose salary has decreased is able to purchase more goods and services. A person whose salary has increased is able to purchase fewer goods and services. A person whose salary has increased is able to purchase more goods and services. A person whose salary has remained the same
Answer:
A person whose salary has increased is able to purchase fewer goods and services.
Explanation:
Inflation is characterized by an increase in the prices of goods and services along with a reduction in the purchasing power.
Real income of an individual refers to the income which has been adjusted for the effects of inflation. Whereas, Nominal income refers to the income which is before any such adjustment for inflation.
In the given case, the nominal income has increased i.e if we ignore inflation. But while considering inflation, the real income of the individual has reduced evidenced by the fact that the purchasing power has reduced.
Inflation is evident when even with an increase in salary, a person is able to purchase fewer goods and services. This is due to the fact that the value of each dollar decreases during inflation.
Explanation:The best evidence that inflation has occurred comes from the example where 'a person whose salary has increased is able to purchase fewer goods and services.' Inflation is defined as a sustained increase in the general level of prices for goods and services. When inflation happens, every dollar you own buys a smaller percentage of a good or service. Even if a person's salary increases, they could end up being able to purchase fewer goods and services if the rate of inflation exceeds the rate of their wage increase.
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Under a job-order system of cost accounting, the dollar amount of the general ledger entry involved in the transfer of inventory from work-in-process to finished goods is the sum of the costs charged to all jobs:_________.
Answer:
Under a job-order system of cost accounting, the dollar amount of the general ledger entry involved in the transfer of inventory from work-in-process to finished goods is the sum of the costs charged to all jobs - The entry to transfer inventory from WIP to FG is to debit finished goods and credit work-in- process.
Explanation:
Of the approaches to pursuing international markets, developing a ________ involves the greatest commitment and risk. joint venture strategic alliance franchise foreign subsidiary
Answer:
D. Foreign Subsidiary
Explanation:
Foreign Subsidiary is a company either party owned or fully owned by another large corporation whose headquarters is based in another country. It implies that the company or organization did not start development or operations organically un the country they operate. Development of foreign subsidiaries is one of the main ways of pursuing international markets. It involves the greatest risk and commitment as against other options listed in the question due to factors like cost and time of establishing a foreign Subsidiary, compliance risk, taxation, immigration rules, securing secure office spaces and accommodations for employees, required investment and so on. These are things a company won't have to consider if they decides in joint venture, strategic alliance or franchising when pursuing international markets.
Developing a foreign subsidiary involves the highest commitment and risk among the approaches to pursuing international markets because it requires significant investment and exposes the company to the risk of instability in the foreign country.
Explanation:Of the approaches to pursuing international markets, developing a foreign subsidiary involves the greatest commitment and risk. This is because it requires a substantial investment in creating a separate entity in the foreign country, which includes not just setting up the infrastructure but also complying with the laws, regulations, and customs of the foreign country.
This also includes the potential risk of political, economic, or social instability in that country directly affecting the subsidiary’s operations, thereby leading to loss of investment. In comparison, other approaches such as a joint venture, strategic alliance, or franchise, although they have their risks, do not require the same level of financial commitment and do not expose the company to the same level of risk, as the company is not solely responsible for the venture’s success.
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In 2010, U.S. gross domestic product (GDP) was roughly $14.6 trillion. Given that the U.S. population was roughly 308 million people, per capita GDP in the United States in 2010 was roughly:_______.a) $4,760 b) $47,403 c) $0.22. d) $475,990 e) $22,000
Answer:
B) $47,403
Explanation:
GDP per capita = total GDP / total population
GDP per capita in 2010 = $14,600,000,000,000 / 308,000,000 people = $47,402.60
This is the GDP per capita in nominal or current dollars, not the real GDP per capita which is calculated using base dollars. The GDP per capita is useful to compare how different economies are performing, but it is not a good indicator of individual wealth within a country.
When a company globalises, it tries to choose the best method to enter its overseas markets. Match the methods below to the definitions. Use a good dictionary, such as the Longman Business English Dictionary, to help you. 1 acquisition ----- 2 joint venture 3 consortium 4 franchising 5 licensing
Final answer:
When globalizing, companies choose strategies like acquisition, joint venture, consortium, franchising, and licensing to enter new markets. Each method has its own characteristics, such as control of the business, the degree of investment, and the sharing of revenues and costs.
Explanation:
When a company globalizes, it often selects one or more methods to enter overseas markets. Below are the methods matched with their definitions:
Acquisition: This occurs when one firm purchases another, leading to a change in management and control of the acquired firm. It can result in business growth and often includes the integration of different corporate cultures and systems.
Joint venture: Two or more companies create a new entity by contributing equity. They share revenue, expenses, and control of the company. This method is often used to enter foreign markets by collaborating with a local partner.
Consortium: Similar to a joint venture, a consortium is a group of companies that collaborate on a specific project without forming a new company. This temporary collaboration is generally formed for leveraging large-scale resources or expertise.
Franchising: A method where a business allows another party to operate a business using its brand name, systems, and proven business model in exchange for a fee. It is a common method for businesses to expand internationally.
Licensing: A company permits another to use its intellectual property, such as patents, trademarks, or technology, in exchange for a licensing fee. This can be a way to enter new markets with minimal investment.
Globalization often involves expansive strategies like mergers and acquisitions, which can increase the size of a company, improve efficiency, and expand product lines.
Brenda, the district manager for Beautiful Florist, told the store managers in her district that she needs the sales goals for next year. A new manager, Paula, said, "I am going to sell over $100,000 in flowers next year." Brenda later told Paula that "I need to know specifically, in each category, how much you plan on selling." Brenda's request for a specific answer is an example of a:________.
Answer: Smart goal setting
Explanation:
SMART is an acronym that means
S- Specific,
M-Measurable,
A- Achievable,
R- Realistic, and
T- Timely.
SMART goal settings incorporates all the qualities above to help focus and increase the chances of achieving a particular goal. SMART goal helps guide goal setting.
Specific: Goals that are very clear and unambigous have a greater chance of being achieved.
Measurable: A goal should have a measuring criteria to determine the progress of your achievement.
Achievable: A goal should not be a task that is impossible to attain or achieve
Realistic: A goal is realistic if it is within your reach and you believe it could be achieved given the resources and time frame.
Timely: A goal should have a time frame that is, the starting and ending date so as to be challenged and motivated.
SMART Goal Setting helps individuals or businesses set up for success by making it specific, measurable, achievable, realistic, and timely. It also helps push you further, gives you a sense of direction, and helps you organize and reach your goals.
Mb inc. has an independent, permanent work group that develops and revises codes of ethics, suggests ways the organization can contribute toward the environment, and regularly reviews other specific issues and concerns within the organization. this is an example of a _____.
Answer:
The correct answer is Committee.
Explanation:
A committee within the organizational structure refers to a group of employees that focus on some topic of relevance to the organization. These employees emerge as representatives of the total number of workers, and are democratically elected for a certain time to perform these functions. What is sought with this type of structure is to have greater communication and to have the ability to propose and request changes for the benefit of all.
If the marginal product of labor falls whenever more labor is used, and labor is the only factor of production used by the firm, than at every output level the firm's short-run average variable cost exceeds marginal cost. T/F
Answer:
False
Explanation:
If the marginal product of labor falls whenever more labor is used, and labor is the only factor of production used by the firm, than at every output level the firm's short-run average variable cost is less than marginal cost.
At the point of diminishing marginal productivity or returns, while marginal product is falling, marginal cost is rising because they have an inverse relationship.
Furthermore, at the point of diminishing returns, with marginal product falling with increasing output, marginal cost will rise above average cost because the cost of each additional unit of labor will be higher than the the previous, hence the average will be lower.
What happened when the tv set asked the remote control for a date answer?
Television turned him down when remote control asked for a date.
Explanation:
When the television control was asked about a date from the remote control which is used to control the television, like for changing the channels, for increasing or decreasing the volume of the channels of the television or do other things, she turned him down despite the fact that they share a strong bond with each other.