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.
A good system of internal control for cash provides adequate procedures for protecting both cash receipts and cash
disbursements. Identify each of the following statements as either true or false regarding this protection.
_____ a. A basic guideline for safeguarding cash is that all cash receipts be deposited weekly or monthly.
_____ b. A voucher system of control is a control system exclusively for cash receipts.
_____ c. A basic guideline for safeguarding cash is to separate the duties of those who have custody of cash from those
who keep cash records.
_____ d. A petty cash system is not a control procedure for safeguarding cash.
The correct answers are a. True, b. False, c. True, d. False. All of these statements relate to major components of a system of cash handling controls.
Explanation:The answers to your true or false questions are:
a. True. A basic guideline for safeguarding cash involves making sure that all cash receipts are deposited into a bank account promptly, and certainly more frequently than weekly or monthly. This helps prevent mishandling or theft of funds.
b. False. A voucher system of control is a method used for controlling cash disbursements, not cash receipts. This system creates a paper trail so that all payments can be verified and tracked.
c. True. Having different people handle cash and maintain records is a key safeguard to reduce the risk of theft or fraud. This separation makes it harder for an individual to both commit and hide fraudulent activity.
d. False. A petty cash system is indeed a control procedure, typically used to manage small, incidental cash transactions within an organization. This system reduces the risk of misappropriation by requiring documentation and custodial control for each cash transaction.
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These linings contain goblet cells, which secrete ____________ to help trap particles and protect the cells of the lining. Another type covers the ventral cavity and most of internal organs. These are called
Answer:
mucus
Explanation:
These linings contain goblet cells, which secrete mucus to help trap particles and protect the cells of the lining. They are able to do this by secreting mucins which are large glycoproteins formed mostly by carbohydrates and are kept in granules inside the goblet cells. They are kept there until it is time to be released to the lumen of the organ in question.
Goblet cells secrete mucus to trap particles and protect the lining of the respiratory tract, which is part of the pseudostratified, columnar epithelia. Another lining type, serous membranes, covers internal organs and the ventral cavity.
Explanation:The linings mentioned in the question contain goblet cells, which secrete mucus to help trap particles and protect the cells of the lining. The pseudostratified, columnar epithelia of the respiratory tract includes these goblet cells that generate mucus, creating a sticky trap for irritants and inhibiting microbial attachment. The other type of lining that covers the ventral cavity and most internal organs are called the serous membranes.
In a small town, a steel mill produces air pollution. if the government does not intervene, the equilibrium price of steel will be __________, and the equilibrium quantity of steel will be __________.
a. less than the socially optimal price, greater than the socially optimal quantity
b. equal to the socially optimal price, equal to the socially optimal quantity
c. greater than the socially optimal price, less than the socially optimal quantity
d. greater than the socially optimal price, greater than the socially optimal quantity
e. less than the socially optimal price, less than the socially optimal quantity the government could best correct this externality by ▼ subsidizing the production of steel prohibiting the production of steel taxing the production of steel .
Answer: a. less than the socially optimal price, greater than the socially optimal quantity
Explanation:
The steel mill is producing steel and selling at a rate that does not account for the pollution that it is causing. Because of this, it is selling at a lower equilibrium price than what it would had the Pollution been accounted for.
The Steel Mill is also selling quantity that is greater than what would be considered socially optimal because the socially optimal level would account for the pollution and adjust in such a way that the Pollution is minimized
Without government intervention, the market will have a lower price and higher quantity of steel than is socially optimal; to correct this, the government can tax steel production to account for pollution.
Explanation:In the absence of government intervention in a market with negative externalities such as pollution from a steel mill, the equilibrium price and quantity would reflect only private costs and benefits, without considering the additional social costs of pollution. Therefore, the equilibrium price of steel will be less than the socially optimal price, and the equilibrium quantity of steel will be greater than the socially optimal quantity as producers and consumers do not face the full social costs of their actions. To address this externality and reach a socially optimal outcome, the government could tax the production of steel to internalize the external costs of pollution.
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A perpetuity will pay $300 per year, starting five years after the perpetuity is purchased. is purchased. What is the present value of this perpetuity on the date that it is purchased, given that the interest rate is 3%?
Answer:
present value of perpetuity = $29615.93
Explanation:
given data
pay = $300 per year
interest rate = 3%
solution
we get here present value payment after 5 year is
present value = [tex]\frac{future\ value}{1+ discount\ rate }[/tex] ...........1
present value = [tex]\frac{1000}{(1+0.03)^5}[/tex]
present value = $862.60
and
now we get present value on purchase date
present value = [tex]\frac{payment}{interest\ rate}[/tex] ......2
present value = [tex]\frac{862.60}{0.03}[/tex]
present value = $28753.33
and
present value of perpetuity is
present value of perpetuity = $862.60 + $28753.33
present value of perpetuity = $29615.93
The equity method of accounting for an investment is used when a company purchases:_______. A) More than 20% of the equity securities of a second company B) More than 20% of the debt securities of a second company C) 15% of the equity securities of a second company D) 100% of the debt securities of a second company
Answer: A
Explanation:
The equity method of accounting for an investment is a type of accounting that is used when an investor has a significant impact on the investee but does not use control it fully, just like the relationship between a parent company and its branch. In cases where the equity method of accounting is used, the investee is referred to as an affiliate or an associate.
An investor can only have a significant influence over the investee if it owns 20% to 50% of the shares or voting rights of the investee.
On their December 31, 2019 tax return, Ecogreen, Inc., a C corporation, suffered a difficult year and generated a loss. What are Ecogreen's options for dealing with the loss for tax purposes?
Answer:
D) Carry the loss forward to reduce income in future years
Explanation:
The IRS allows corporations to carry losses both forward and backwards in order for them to reduce their taxable income. A corporation can carry an operating loss back two years, and it can carry them forward up to 20 years in order to reduce taxable income generated in subsequent years. A backwards carryover lowers the taxes that the corporation might owe to the government.
Four Seasons Hotels sell private residences in several of their properties and send direct mail to prospective residents asking them to request additional information on the telephone or through a website. In terms of direct marketing, this is known as
Answer:
lead generation.
Explanation:
Lead generation -
It refers to the process of generating the interest of consumers regarding any goods and services , is referred to as lead generation .
The method is useful in the field of marketing , as it increases the possibility of the consumers buying the product and hence , increases the sale , which in turn is profitable to the company .
The method of lead generation is the part of advertizing or publicizing the goods and services .
Hence , from the given scenario of the question ,
The correct answer is lead generation .
Cremics, a multinational drug manufacturing company, used a saffron trident in a promotional campaign for one of its drugs in India. The saffron trident, a religious symbol in India, was meant to indicate the three levels of efficacy of the drug but mistakenly conveyed a religious message to Indians. This miscommunication indicates a problem associated with which of the following steps of an international communications process? Group of answer choices
Answer:
Encoding
Explanation:
Encoding of a message can be defined as the production of the message because It is a system of coded meanings, and in order to create that, the sender of the message needs to understand how the message is comprehensible or will be decoded to the members of the audience.
Cremics obviously did not understand how saffron trident will be understood by the indians which led to the problem of miscommunication.
Answer:
Encoding
Explanation:
In communication encoding is the process by which messages are formed and is a system of coded meanings of the message. The sender must ensure the audience can understand his message. Decoding is how well the audience understands the message sent.
In this instance when Saffron used the trident in its promotion effort to India, it should have found a way to emphasise the trident used meant three levels of efficacy of the drug. And not it's religious meaning.
While encoding the message must consider how the recipient will perceive the message.
Under the allowance method, a.bad debt expense is recorded when specific customer accounts are determined to be uncollectible. b.the allowance account and estimates are used. c.the allowance account is used, but estimates are not. d.primary users are small companies with few receivables.
Answer:
B) the allowance account and estimates are used.
Explanation:
When a company uses the allowance method, it will record an adjusting entry for the losses it anticipates from bad credits given to customers. The bad debts expense account is debited and the allowance for doubtful accounts (contra asset) is credited. Then as time passes and the amount of bad debts is exactly determined, another adjusting entry is necessary depending whether the estimate was correct or not, or if it was under or over estimated.
Under the allowance method in financial accounting, both the allowance account and estimates are indeed employed. This method helps companies anticipate non-payment losses before they occur by matching the expense to the revenue earned in the same period.
Explanation:The correct answer to your question is option b: the allowance account and estimates are used under the allowance method. The allowance method, often used in financial accounting, involves estimating uncollectible accounts at the end of each period. This method matches the expense of uncollectable accounts to the revenue earned in the same accounting period, allowing companies to anticipate potential loss from non-payments before the loss is definitively known. This process is typically followed by larger companies because it complies with the matching principle in accounting, where expenses are matched with revenues on the Income Statement during the period when the revenues are recognized, not when they are actually paid.
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A local movie theater had small cups of popcorn sitting on the counter where patrons purchased tickets. The cups were called "complimentary cups," and their purpose was to promote the sale of popcorn. This procedure is most similar to:_________.
a. self-reinforcement.
b. generalized reinforcement.
c. intermittent reinforcement.
d. reinforcer sampling.
Option D
This procedure is most similar to: reinforcer sampling.
Explanation:A method that permits an individual to get in association with a potential reinforcer to encounter the concrete aspects of the stimulus. The method helps develop new reinforcing outcomes for a given individual.
Reinforcer sampling includes composing freely accessible a piece of a potential reinforcer to improve the probability that the importance and power of the reinforcer will be maximized when it is performed available contingently. Reinforcer assessment transfers to the observation-driven or interview-based analysis of the relevant power of stimuli.
Which statement is "true" of the sociotechnical approach to work design? A. It is decreasing in popularity. B. It is generally associated with self-managed work groups.C. It is more concerned with outputs and productivity than worker satisfaction.D. It is unrelated to open systems concepts.
Answer:
B. It is generally associated with self-managed work groups
Explanation:
The socio-technical system to the work design is a system of the organization development and is an approach to the complex organization that recognizes interaction between the people and the world design in places and refers to the complex societies infrastructure and the socio-technical theory was pointing to the shift in the emphasis and considers the team or the groups as the primary unit of analysis.In which case did the U.S. Supreme Court determine that the federal government did not overstep its bounds under the commerce clause when it enacted the Controlled Substances Act of 1970?
a. Shepard v. U.S.
b. Gonzalez v. Raich
c. Obergefell v. Ohio
Answer:
B) Gonzalez v. Raich
Explanation:
In Gonzalez v. Raich (2005), the Supreme Court ruled that under the Commerce Clause, Congress had the power to criminalize the production and use of homegrown marijuana by Raich even if California law allowed it. The Supreme Court ruled against the local marijuana producer because the federal government has the power to regulate purely intrastate production that is meant for personal consumption if the failure to regulate the non commercial activity could affect interstate commerce.
Frictional unemployment occurs when:___________.1. there is friction between an employer and employee. 2. a worker decides to quit one job to seek a different job. 3. a large corporation transfers a worker to another city. 4. college students go back to school at the end of the summer.
Answer:
Option "2" is the correct answer to the following statement.
Explanation:
Frictional unemployment (happens in a short period) happens if the laborers are jobless and want to work in a stable economy. This doesn't depend if they willing to leave or get fired by the employer.
This type of unemployment is unpreventable.
Frictional unemployment is the minimum jobless rate in an expanding economy.
Merchandise accounts and computations LO C2. Kleiner Merchandising Company Accumulated depreciation $700 Beginning inventory 11,000 Ending Inventory 6,600Expenses 2,050 Net Purchases 13,500Net Sales 21,500 Krug Service Company Expenses $9,700 Revenues 26,000 Cash 900Prepaid rent 880 Accounts pavable 200 Equipment 2,500Required:A. Compute gross profit, the goods available for sale, and the cost of goods sold for the merchandiser. B. Use the above information from a service company and from a merchandiser to compute net income, Goods available for sale, Cost of goods sold, Gross profit a. b. Net income for Krug Service Company, Net income for Kleiner Merchandising Company.
Answer:
(A) Kleiner Merchandising Company:
Goods available for sale = $24,500
Cost of goods sold = $17,900
Gross profit = $3,600
Net income = $1,550
(B) Krug Service Company:
Net income = $16,300
Explanation:
(A) Kleiner Merchandising Company:
Goods available for sale:
= Beginning inventory + Net purchases
= $11,000 + $13,500
= $24,500
Cost of goods sold:
= Goods available for sale - Ending inventory
= $24,500 - $6,600
= $17,900
Gross profit = Net sales - Cost of goods sold
= $21,500 - $17,900
= $3,600
(b) Kleiner Merchandising Company:
Gross profit = $3,600
Net income = Gross profit - Expenses
= $3,600 - 2,050
= $1,550
Krug Service Company:
Net income = Revenues - Expenses
= $26,000 - $9,700
= $16,300
To compute gross profit for a merchandiser, subtract the cost of goods sold (COGS) from net sales. To compute net income for a service company, subtract expenses from revenues. For a merchandising company, subtract COGS from gross profit.
Explanation:A. To compute gross profit, we need to subtract the cost of goods sold (COGS) from the net sales. We can calculate the COGS by subtracting the ending inventory from the goods available for sale. The goods available for sale can be found by adding the beginning inventory to the net purchases. So, gross profit = Net Sales - COGS.
B. To compute net income, we need to subtract the expenses from the revenues. For a service company, net income is simply the difference between revenues and expenses. For a merchandising company, we need to calculate the COGS (similar to Part A) and subtract it from the gross profit obtained in Part A. So, net income = Gross Profit - Expenses.
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One advantage of a small business is that it can introduce a new product in a short period of time. true or false
Answer:
True
Explanation:
Large companies requires R&D before investing in a new product, which quite expensive, because they are liable to provide the best product as they own a large profitable company, customers expectations will be huge. In contrast, small companies doesn't require to invest in screening, testing, or anything else, they are situated in a local area, and whatever they will introduce will be accepted by their small number of customers. So, they won't waste much time to launch a new one.It is true that small businesses can often introduce new products more quickly than larger ones due to their ability to make swift decisions and utilize new technologies, which enhances efficiency and shortens the product development cycle.
True, one advantage of a small business is that it can often introduce a new product in a short period of time.
This agility comes from being able to quickly make decisions without the lengthy approval processes that might bog down larger companies.
Small businesses can leverage new technology, like inventory management systems and supplier communication platforms, to be more efficient, allowing for faster design and distribution of new products.
However, on the supply side of markets, it's generally more challenging for producers to expand production rapidly.
It can be costly and difficult to build new infrastructure or hire many workers in the short run, but a small business's simplicity and flexibility can mitigate these challenges to some extent, enabling quicker market responses compared to larger, more established companies.
Which of the following is an example of an external source of recruitment? a. A salon moves from Boston to New York and employs a new cashier through Internet recruitment. b. An assistant librarian is shortlisted for the post of head librarian in the same library. c. A software engineer refers his friend for a job position in his company. d. A veterinarian selects one of her interns as her assistant.
Answer:
A. A salon shifts from Boston to New York and employs a new cashier through internet recruitment.
Explanation:
External source of recruitment is the process that involves hiring people or workers from outside the organization. The other options listed in the question are examples of internal recruitment. In the case of the Salon, they hire a person through the internet that has no affiliation or previous work status with the salon. External source of recruitment seeks applicants who are external or outside to the organization. This is usually done when suitable candidates for a position are not found internally or when the organization is expanding. It encompasses hiring workers who has never been associated with the organization.
The example of an external source of recruitment given is a. A salon moves from Boston to New York and employs a new cashier through Internet recruitment. Other options are examples of internal recruitment.
Explanation:The question you asked refers to the concept of external source of recruitment. This method involves the hiring process of recruiting resources or potential employees from outside the organization. As per the options given, the correct answer is: a. A salon moves from Boston to New York and employs a new cashier through Internet recruitment. This is an example of an external source of recruitment because they are bringing in talent from outside of their current team. The other options are examples of internal sources of recruitment as they involve promoting or referring individuals who are already part of the organization.
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If we are determining costs for a particular case at a law office, the cost of rent for the office would be: A. An irrelevant cost B. An indirect cost C. A direct cost D. A mixed cost
Answer:
The correct answer is B. An indirect cost.
Explanation:
The indirect cost is that which affects the production process of one or more products that a company sells, and that cannot be measured and assigned directly to one of the productive stages or to a specific product, but it is necessary to assume a consistent allocation criteria.
That is, an indirect cost affects several products and to assign this cost to each product it is necessary to ask the following question: How could I distribute this cost among the units I produce? When you produce a car you know that it is necessary to put 4 wheels, but ... do you know how much electricity you need in the production of each car? This is the main difference with the direct cost, since the direct costs can be associated very clearly to the final product and without the need to establish an imputation criterion.
What questions should you ask yourself to help you analyze your audience? 1. How can I relate this information to my listeners’ needs? 2. How many people will be in the audience? 3. What does my audience already know about my presentation topic? 4. What will help to make my points most effective: facts, statistics, or anecdotes? 5. What is the educational level of my audience? 6. How do I incorporate smart art in my presentation?
Answer:
4. What will help to make my points most effective: facts, statistics, or anecdotes?
5. What is the educational level of my audience?
Effective presentation preparation includes analyzing the audience's current knowledge, potential preconceptions, and their level of expertise to tailor content accordingly. Details affecting the audience's view, such as facts or anecdotes, and the presenter's goal—informing or persuading—also play a critical role in shaping the communication strategy.
Analyzing Your Audience
When preparing for a presentation or a speech, it is crucial to consider your audience carefully. To ensure that your messages are well-received and understood, you should ask yourself several key questions about the audience's current knowledge and how they might perceive the content you're planning to share. Understanding what your audience already knows about your topic can guide you in tailoring your information to their level of understanding and avoiding redundancy. Additionally, identifying potential stereotyped or prejudiced attitudes can help you approach the topic more effectively and avoid misunderstandings.
Considering details that might affect how the audience thinks about your topic is equally significant. This involves a strategic choice of whether to use facts, statistics, personal stories, or other evidence to achieve the desired effect—whether it's to inform, persuade, or engage. Knowing who your audience members are, including their characteristics, opinions, and interests, contributes to making your presentation more relevant and impactful.
Finally, gauging the audience's level of knowledge and expertise in the field can steer you towards the correct level of technical language and complexity in your presentation. Determining whether your aim is to persuade or to inform will influence your tone and content. For example, if you are addressing experts, you might delve deeper into advanced discussions, whereas a general audience might benefit more from a broad overview with relatable anecdotes.
In summary, a careful audience analysis involving these questions can significantly enhance the effectiveness of your communication and make your presentation more meaningful to your listeners. Remember the goal is to find out what your audience needs and to then shape your presentation to meet those needs.
A newly launched twenty-first century addition to production strategy which leverages lean manufacturing strategies, Six Sigma best practices, and real-time actionable intelligence from the factory floor is called:
Answer:
Adaptive manufacturing
Explanation:
Based on the information provided within the question it can be said that the production strategy that is being mentioned is called Adaptive manufacturing. This uses many practices in order to develop, produce, and deliver products with high demand, while also efficiently managing and using all the existing resources that the company has at it's disposal.
Answer: Adaptive manufacturing
Explanation:
Adaptive Manufacturing is a joint project by Oliver van Herpt and Sander Wassink which began in 2014. An important part of their project was to highlight the production process.
Adaptive Manufacturing answers the question about how craftsman has been replaced by technological production thereby removing all traces of local and human influence.
There is the production process at the beginning of every product. When craftsmen were replaced by machines, there was loss in the translation of local influences into products.
Adaptive manufacturing is a 21st century addition to production strategy which uses six sigma,lean manufacturing strategies, and real-time actionable intelligence to enhance production.
Siobhan wants to join a new health club. Her roommate belongs to a club that Siobhan heard about on the radio. She decides to use her roommate's free guest passes to try out the club to see if it meets her needs. What stage of the consumer adoption process does this represent
Answer:
TRIAL
Explanation:
The adoption process for a new product is the mental process through which an individual passes from first learning about an innovation to final adoption.
Consumers go through 5 stages in the process of adopting a new product. These are: product awareness, product interest, product evaluation, product trial, and product adoption.
During the product trial, consumer tries the new product on a small scale to improve his or her estimate of its value.
If the consumer is satisfied with the product, he or she enters the adoption stage, deciding to use the new product fully and regularly.
Therefore, the stage of the consumer adoption process Siobhan's case (decision to use her roommate's free guest passes to try out the new health club to see if it meets her needs) represents is TRIAL.
Answer:
Trial
Explanation:
Total stage of customer adoption of a product is the stage at which the customer testes the product to see if it will meet their needs and specifications. It is at this stage that the customer determines if this will be a right fit for them.
In this scenario Sihoban wants to try out the new health club without commuting too much resources, so she uses her roommate's guest pass to see if the club meets her needs.
If it is a right fit them she can commit more funds and join the club.
A mortgage company makes a number of loans to be assembled into one package and sold to permanent investors. This process is an example of interim financing to the mortgage company and is called:__________.1. Discounting2. Blanket financing3. Warehousing4. Package financing
Answer: Option 3. Warehousing
Explanation: Warehousing can simply be defined as a situation whereby banks and other lenders make mortgage loans to consumers for the purpose of quickly selling those loans on the secondary market and furthermore, "warehousing" happens when individual loans are bundled, often with a common element such as the size of the mortgage or credit worthiness of the borrowers, and sold as a single unit.
Unregulated businesses, undocumented cash payments, coerced labor, and bartering are part of the __________ sector.A.informalB.primaryC.formalD.quinary
Answer:
Informal sector.
Explanation:
Informal sector of the economy is one that is not monitored or taxed by the government. This is a common practice in developing countries, and is often viewed as troublesome and unmanageable.
Unethical practices that are considered illegal in the formal sector occur in the informal sector and includes: unregulated businesses, undocumented cash payments, and coerced labor.
The workers in informal sector include hawkers, bartenders, vendors, marketers, artisans, and cross border traders.
Answer:
INFORMAL
Explanation:
Unregulated businesses, undocumented cash payments, coerced labor, and bartering are part of the informal sector.
The informal sector features the following
- Absence of official protection and recognition.
- Non coverage by minimum wage legislation and social security system.
- Predominance of own-account and self-employment work.
- Absence of trade union organization.
- Low income and wages.
- Little job security.
By definition, an informal economy is the part of any economy that is neither taxed nor regulated by any form of government. Although there benefits because the informal sector makes up a significant portion of developing countries' economies, it is often characterized by unmanageable working conditions as a result of its lack of monitoring.
You and your heirs will receive $35,000 per year forever, with the first payment received at the end of the first year. If the appropriate discount rate is 8%, what is the present value of your prize?
Answer:
$32,407.41
Explanation:
Present value (PV)= C/(1+i)^n
C=amount of money to be discounted
n=number of periods
I=interest rate.
C= $35,000
n=1 year
I=8% or 0.08
PV= $35,000/(1+0.08)^1
= $35,000/1.08
=$32,407.41
Economists argue that appropriate corrective taxes or tradable pollution rights will result in efficient pollution reduction. Which of the following statements supports this claim?1. The government does not have to figure out which firms can reduce pollution the most. 2. Corrective taxes or tradable pollution rights give firms greater incentives to reduce pollution. 3. With corrective taxes or tradable pollution rights, firms spend less in research on pollution control.
Answer: 2. Corrective taxis or tradable pollution rights give firms greater incentive to reduce pollution
Explanation:
corrective taxes and tradable pollution rights give firms a greater incentive to reduce pollution. Firms always want to minimize costs ,if the government imposes corrective taxes businesses will have an incentive to reduce pollution because they will not pay the imposed tax if they succeed in reducing Pollution
Assume a firm employs 10 workers and pays each $15 per hour. Further assume that the MP of the 10th worker is 5 units of output and that the price of the output is $4. According to economic theory, in the short run, __________.a. the firm should hire additional workers.
b. the firm should reduce the number of workers employed.
c. the firm should continue to employ 10 workers.
d. more information is required to answer this question.
Answer:
A) the firm should hire additional workers.
Explanation:
if the marginal production of the tenth worker is 5 units or output and the price of each unit is $4, the the workers total marginal product revenue (MPR) = 5 units x $4 per unit = $20
Since the cost of hiring that tenth worker is $15 (less than MPR), then the company should hire more additional workers until the MRP = labor cost
Final answer:
According to economic theory, given the VMP of the 10th worker is greater than their wage, the firm should hire additional workers as this will increase profit.
Explanation:
The decision-making process of a firm on whether to hire additional workers based on economic principles, notably the concept of Marginal Product (MP) and Marginal Revenue Product (MRP). In this scenario, a firm pays its workers $15 per hour, and the 10th worker's MP is 5 units of output, with each unit priced at $4. According to economic theory, a firm should hire additional workers as long as the cost of an extra worker is less than the Value of Marginal Product (VMP). The VMP is calculated as the MP of the worker multiplied by the price of the output. In this case, the VMP of the 10th worker is $20 (5 units * $4), which is greater than the wage rate of $15. Therefore, it is profitable for the firm to hire more workers since the revenue generated by the last worker hired exceeds their cost.
marketing rep to visit businesses in the area and invite their employees to shop at Global Market and attend monthly health events that take place at Global Market stores. Each of the individual stores has hired two new employees to handle the anticipated increase in customer traffic. Global Market is using a _____ strategy.
Answer:
growth strategy
Explanation:
Based on the scenario being described within the question it can be said that Global Market is using a growth strategy. This is a business strategy who's main focus is to capture a larger share of the market, even if it costs the company it's short term profits. Which is what Global Market is doing in this scenario by hiring more employees and trying to gain more customers.
"In the United States during World War II": Select one: a. little was done to regulate the economy. b. the economy grew only slightly. c. unemployment declined, production soared, and income taxes increased. d. the actual size of the federal government shrank as the New Deal ended. e. income taxes increased only for the wealthy.
Answer:
During the World War II, in the United States, (c.) unemployment declined, production soared, and income taxes increased
Explanation:
The World War II in the United States brought about various changes positively for the economy of the country and its citizens. As result of the need for more hands during the war, millions of young people were recruited into the war while millions of several categories of people ranging from housewives, students, retired citizens entered the labor force lured by high level of patriotism and increased wages.
The economy boomed during the period under President Franklin D. Roosevelt as various unions and associations supported his policies that brought America to become a more formidable country during and after the World War II.
Answer:
unemployment declined, production soared, and income taxes increased.
Explanation:
During the second world ear there was a decline in unemployment because more shoulders were employed to fight the war. Also gun manufacturers produced more goods during this time, so productivity was high. The gun factories also employed workers to aid prouction.
Because of increase employment into the army and factories income level increased in the United States, resulting in an increase in income taxes.
As seen in the video, Joie de Vivre's CEO appears to possess a degree of ____________, which is what the chapter describes as the positive, forward-thinking desire to build a profitable, sustainable business.
Answer:
entrepreneurial spirit
Explanation:
Classical economists consider that there are 3 factors of production: land, labor and capital. But more modern approaches also include entrepreneurship as the forth factor, and some even consider technology as a fifth one.
An entrepreneur is the person that combines the factors of production and creates a business. The key characteristics of successful entrepreneurs (or entrepreneurial spirit) is innovation, creativity, passionate, future oriented, optimistic, and resourceful.
Joie de Vivre's CEO demonstrates an entrepreneurial spirit which is described as the positive, forward-thinking desire to build a profitable, sustainable business.
Explanation:Looking at the information in the question, it can be inferred that Joie de Vivre's CEO demonstrates a strong level of entrepreneurial spirit. This term is used to describe the positive, forward-thinking desire to establish and grow a sustainable, profitable business. Those with an entrepreneurial spirit are often visionary, optimistic, and driven, taking risks and pushing boundaries to achieve their business goals. They continuously seek improvement and innovation, which are critical for the success of an enterprise in our ever-changing market.
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John works for a consumer products company. His job is to use information to identify and define marketing opportunities, evaluate marketing actions, and monitor marketing performance. John's work involves:_______.
Answer:
The correct answer is marketing research.
Explanation:
Marketing research is the process that includes the actions of identification, collection, analysis and dissemination of information with the purpose of improving marketing decision making. Its implementation occurs basically for two reasons: (1) to solve problems, for example, determine the potential of a market; and / or (2) to identify problems, for example, to know why a product does not have the expected consumption. In essence, it seeks to meet the customer thus complying with the first premise of marketing.
The VW engineers assigned to the project to design and implement the automotive systems and software involved in the VW emissions cheating scandal were ethically obligated not to participate in this project and to inform outside authorities even though they were employed by VW.
True or False?
Answer:
The correct anwer is True.
Explanation:
Engineers must not complete, sign or seal drawings and / or specifications that are not in compliance with applicable engineering standards. If the client or employer insists on such non-professional conduct, he must notify the appropriate authorities and withdraw from the additional service in the project.
The statement is True. VW engineers were ethically obligated not to participate in the emissions cheating project and to inform outside authorities.
The engineers at Volkswagen (VW) who were involved in the design and implementation of the emissions cheating scandal were faced with an ethical dilemma. By installing defeat devices, they actively participated in a scheme that violated environmental regulations and public trust. Ethics in engineering demand that professionals adhere to principles of honesty, integrity, and respect for the environment. When corporate leadership pressures employees to engage in unethical practices, these individuals have a duty to refuse participation and report the misconduct to appropriate authorities. The VW emissions scandal caused significant harm to the planet by contributing to air pollution and undermined the integrity of the automotive industry. The engineers' obligation to protect the public and the environment overrides their loyalty to their employer in such cases of blatant ethical violations.