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."
Which of the following statements are correct regarding the method of valuation by comparables? (Choose 2). 1. A firm's market value can be estimated by using the share price of any similar sized firm. 2. A firm's market value can be estimated by finding the share price of a similar firm and using that value. 3. A firm's market value can be estimated by multiplying its book value by the market/book ratio for a similar firm. 4. A firm's market value can be estimated by multiplying its earnings per share by the P/E ratio for a similar firm.
Answer:
4. A firm's market value can be estimated by multiplying its earnings per share by the P/E ratio for a similar firm.
Explanation:
A firm's market value can be estimated by multiplying its earnings per share by the P/E ratio for a similar firm is the correct statement. The comparison method for valuation provides a noticeable value for the business which is based on the current worth of the business. This method is a very popular used approach because it is very simple and easy to determine and always current. The method refers that, when company A sells at a 10 times P/E ratio and company B has earnings of $2.50 per share then company B’s stock must be worth $25.00 per share.
In the late 1990s, car leasing was very popular in the United States. A customer would lease a car from the manufacturer for a set term, usually two years, and then have the option of keeping the car. If the customer decided to keep the car, the customer would pay a price to the manufacturer, the "residual value," computed as 60 percent of the new car price. The manufacturer would then sell the returned cars at auction. In 1999, the manufacturer lost an average of $480 on each returned car (the auction price was, on average, $480 less than the residual value). A. Why was the manufacturer losing money on this program
Answer:
There are two possible explanations for why the manufacturers lost money by leasing cars:
the estimated residual value was miscalculated, and probably was actually lower than real market price. the method used to sell returned cars was not efficient. Since returned cars were auctioned, that method was probably not the best way to obtain the highest possible price for the cars. It was a relatively fat method of selling the cars, but not very efficient.If the residual value was calculated correctly, then the car manufacturers should have changed their method of selling the returned cars, and probably should sell them directly.
Final answer:
The manufacturer was losing money because the auction price of the returned cars was less than the calculated residual value.
Explanation:
The manufacturer was losing money on the car leasing program because the auction price of the returned cars was, on average, $480 less than the residual value set for the cars. This means that when the customers decided to keep the cars and pay the residual value, the manufacturer had overestimated the value of the cars, leading to a loss.
For example, if the new car price was $10,000, the residual value would be $6,000 (60% of $10,000). However, the manufacturer was only able to sell the returned car for an average of $5,520 at the auction, resulting in a loss of $480.
Therefore, the manufacturer was losing money because they were unable to sell the returned cars at a price that covered the calculated residual value.
Stahl Consulting started the year with total assets of $60,000 and total liabilities of $15,000. During the year, the business recorded $48,000 in catering revenues and $30,000 in expenses. Stahl issued stock of $9,000 and paid dividends of $15,000 during the year. The stockholders' equity at the end of the year was
Answer:
$57,000
Explanation:
We know because of the accounting equation that assets are equal to liabilities + stockholders equity, therefore, stockholders equity are equal to $45,000 if assets are $60,000 and liabilities are $15,000.
If revenues were $48,000 and expenses were $30,000, the difference $18,000 is added to the stockholders' equity value, which is now equal to $63,000 ($45,000 + $18,000).
We then add the $9,000 worth of shares that were issued, and now we have a stockholder's equity value of $72,000.
Finally, we substract the $15,000 of dividends paid to reach the final figure of $57,000 ($72,000 - $15,000).
Hunter works in the human resource department of a well-known and highly respected maker of athletic equipment. He suggests that the company expand its recruiting by placing job advertisements on popular websites for job seekers. However, his supervisor says this has become a poor use of the company's recruiting dollars. Which is the most likely reason for the supervisor's objection?
Final answer:
The supervisor likely objects to Hunter's suggestion to place job ads on popular websites because this method is not as cost-effective and may not attract quality candidates compared to other recruiting strategies such as networking or direct outreach.
Explanation:
The most likely reason for the supervisor's objection to Hunter's suggestion to expand recruiting by placing job advertisements on popular websites is that this method has become increasingly inefficient and costly compared to other recruiting strategies. The emergence of social networking sites such as LinkedIn has shifted job seeker behavior, allowing them to connect with potential employers more effectively. Additionally, many jobs are found through networking, with an estimated 50% or higher of positions being filled this way, according to some sources. As a consequence, company resources might be better allocated to developing more targeted recruiting tactics that involve networking or tapping into new hiring trends.
Furthermore, because firms spend substantial resources on creating postings and evaluating candidates, there's a high cost associated with sorting through the potentially large number of applicants that online advertisements can generate. If this method is not yielding a suitably high number of quality candidates, it would be considered a poor use of company resources. Instead, HR departments may focus on strategies that allow for a more direct or personalized approach to finding candidates whose skills and experience closely match the company's needs.
4) Which of the following increases the supply of a product? * (See Chapter 4, section 4.2) A) lower prices for the resources used to produce the product B) some producers going bankrupt and leaving the industry C) a higher price for the product D) an increase in the expected future price of the product E) a decrease in productivity\
The lower prices for the resources used to produce the product increases the supply of a product.
Option: A
Explanation:
If the price of any manufacturing factor like labor, raw materials, machinery reduces, the amount that manufacturers are willing (and ready) to deliver at a given price rises. Manufacturers with lower prices at a given price will often be able to create more of a commodity than those with increased costs. Hence a reduction in the prices of production would increase the supply. Likewise, the amount provided at a given price would decline if the manufacturing costs rise. Increased costs imply that manufacturers must generate less in order to be able to sell a commodity at a specified price.
Christopher works as a news anchor for a television network. In addition to his regular pay, at the end of each year, his company pays him and his co-workers additional compensation as a "thank you" for good work. This monetary reward would most likely be categorized as a
Answer:
Benefit In kind
Explanation:
The reason is that this is the amount that the employee Christopher earned all because of his job. If he was not an employee he wouldn't have earned this if he was not recruited by the company. So from tax purposes this gift will be treated as a benefit in kind which will be included in its annual salary as an employment income for calculating his tax.
Giorgio Italian Market bought $11,000 worth of merchandise from Food Suppliers and signed a 45-day, 8% promissory note for the $11,000. Food Supplier's journal entry to record the sales transaction is:
Answer:
Dr. Cr.
Purchases / Inventory $11,000
Promissory Note Payable $11,000
Explanation:
Promissory note is a signed document which contains a written promise for payment of stated amount to specific person or bond holder on demand or specified date.
In this case the purchases are made and a promissory note of $11,000 is signed for 45 days at 8% annual rate.
This entry will be recorded as the purchases or Inventory are debited and as promissory note is a short term liability so, promissory note payable is credited resulting increase in inventory as well increase in current liability.
Valuetronics, an electronics company, is currently in the preproduction stage of launching one of its new stereo systems. In order to analyze the feasibility of the product, Valuetronics adopts an integrated system that allows it to manufacture the product before it physically exists, that is, the system allows Valuetronics to finalize the design of the stereo, analyze it, and do a test-run. In this context, Valuetronics is using a:____________.a. enterprise resource planning (ERP) system b. flexible manufacturing system (FMS) c. computer-aided engineering (CAE) system d. computer-aided manufacturing (CAM) system
Answer: Computer aided engineering(CAE) systems.
Explanation:
Computer aided engineering involves making use of computer softwares that aids production. The computer aided engineering software is used to design how product could look like, simulate the product on a computer system to determine the product's possible performance and to ensure the desired standard is met, before the design can then be used to carry out production. Computer aided engineering is commonly applied in automobile production and large buildings construction.
Which of the following is a primary determinant of the price elasticity of supplyLOADING...? The price elasticity of supply is affected by A. whether the good produced is a luxury or a necessity. B. the share of the good in consumer budgets. C. the definition of the market. D. the passage of time. E. whether the good produced has close substitutes available.
Answer:
D. the passage of time
Explanation:
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price.
If quantity supplied is more responsive to changes in price , supply is elastic.
If quantity supplied is less responsive to changes in price, supply is inelastic.
The determinants of elasticity of supply are ;
The passage of time -in the long run, firms are usually able to expand or reduce production in response to changes in the market. Thus supply is more elastic in the long run. While, in the short run, supply is less responsive to changes in the market because in the short run most of the factors of production are fixed.
2. Number of producers
3. Ease of switching production.
The other options in the question determine the elasticity of demand.
I hope my answer helps you
The key determinants of price elasticity of supply are the passage of time and the availability of factors of production, from the options given the most appropriate is the passage of time.
Explanation:The price elasticity of supply is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or commodity to a change in its price. The key determinants of the price elasticity of supply are the passage of time and the availability of factors of production, neither of which are directly mentioned among your options.
From the provided options, choice D, the passage of time, would be the most appropriate answer as it somewhat addresses the time-related ability of producers to alter their quantity supplied in response to a price change. Over time, for example, a firm can purchase more machines or hire more employees to increase production when prices rise.
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Center City enacts an ordinance that imposes a jail term, without a trial, on all contractors who solicit business without a city permit. A court would likely review this ordinance under the principles of:________.
a. equal protection.
b. due process.
c. free speech
d. free exercise.
Answer:
The correct answer is b) due process.
Explanation:
"Due process" implies that all legal processes must take into account the legal rights of their citizens. Due process is characterized by providing people with a fair, impartial process and with the corresponding guarantees, thus protecting the rights of citizens by law.
For example, in the case of Center City, they cannot present a prison sentence without trial to any person because they would be breaking the law, as everyone has the right to a due process and to be treated fairly.
I hope this information can help you.
A U.S. manufacturer is willing to assume the trading risk in a foreign country but maintains the right to establish policy guidelines and prices and to require its agents to provide sales records and customer information. What type of middleman should the company choose?
Answer:
Agent middlemen
Explanation:
An agent middleman (or middlewoman) works in a commission basis and is responsible for arranging contracts (but not signing them) and sales agreements in the foreign country. He/she must follow the company's guidelines and policies including prices. They are also responsible for keeping all sales records and customer information.
Answer:
Agent middlemen
Explanation:
The company should choose an agent middlemen because they work on commission and make arrangement for sales in the foreign country but do not take title to the merchandise. By using agents, the manufacturer assumes trading risk but maintains the right to establish policy guidelines and prices and to require its agents to provide sales records and customer information
Up in Smoke Tobacco Shops' bond carries a 9 percent coupon, pays interest semiannually, and has 10 years to maturity. What is the bond's yield to maturity if the bond is selling for $937.75 (rounded to the nearest whole percent)
Answer:
10%
Explanation:
Since the bond is selling at a discount, it means that the coupon rate is blow the market rate, so the actual rate must be higher. Since there is only one option with an interest rate above 9%, we must check to see if it works.
10% yearly interest rate = 5% semiannual interest rate
we must determine the PV of the 20 coupons paid and the face value at maturity.
to calculate the PV of the 20 coupons ($45 each) we can use an excel spreadsheet and the NPV function with a 5% discount rate: PV of the coupons = $560.80
the PV of the face value in 10 years = $1,000 / 1.05²⁰ = $376.89
the present value of the coupons and the bond at maturity = $560.80 + $376.89 = $937.69. The PV using a 5% semiannual rate is very similar to $937.75, and since the question asked us to round up to the nearest whole percent, we can assume it is correct.
The bureau of labor statistics reported that in june 2004, the labor force was 149.2 million, employment was 140.7 million, and the working-age population was 223.4 million. calculate the unemployment rate and the labor force participation rate for that month.
Answer:
Unemployment rate = 5.697%
Labor force participation rate = 66.786%
Explanation:
Given:
Labor force = 149.2 million
Number of employment = 140.7 million
Working-age population = 223.4 million
Unemployment rate = ?
Labor force participation rate = ?
Computation of Number of Unemployed:
Number of Unemployed = Labor force - Number of employment
Number of Unemployed = 149.2 million - 140.7 million
Number of Unemployed = 8.5 million
Computation of Unemployment rate:
Unemployment rate = 8.5 million / 149.2 million
Unemployment rate = 5.697%
Labor force participation rate = number in labor force / adult population
Labor force participation rate = 149.2/223.4 = 0.66786
Labor force participation rate = 66.786%
Final answer:
The unemployment rate in June 2004 was calculated to be 5.7%, and the labor force participation rate was found to be 66.8% using the given data.
Explanation:
Calculating Unemployment Rate and Labor Force Participation Rate
To calculate the unemployment rate, we need the number of unemployed individuals and the total labor force. The formula for the unemployment rate is:
Unemployment Rate = (Number of Unemployed / Labor Force) × 100
From the given data for June 2004:
Employment = 140.7 million
Labor Force = 149.2 million
Working-Age Population = 223.4 million
First, let's calculate the number of unemployed:
Number of Unemployed = Labor Force - Employment = 149.2 million - 140.7 million = 8.5 million
Now, we calculate the Unemployment Rate:
Unemployment Rate = (8.5 million / 149.2 million) × 100 = 5.7%
Next, to calculate the labor force participation rate, we use the labor force and the adult working-age population:
Labor Force Participation Rate = (Labor Force / Working-Age Population) × 100
Labor Force Participation Rate = (149.2 million / 223.4 million) × 100 = 66.8%
Therefore, the unemployment rate for June 2004 is 5.7% and the labor force participation rate is 66.8%.
An organization has decided to increase the amount of customer data it maintains and use it for targeted sales. The privacy officer has determined that this data is PII. Which type of assessment should be completed to ensure the organization is complying with applicable laws and regulationsrelated to this data?
Answer:
Privacy Impact Assessment (PIA)
Explanation:
If an organisation has decided to increase the amount of customer data it maintains and use it for targeted sales. The privacy officer having determined that this data is PII, then the type of assessment should be completed to ensure the organization is complying with applicable laws and regulationsrelated to this data is the Privacy Impact Assessment (PIA)
The assessment to be Conducted - Privacy Impact Assessment (PIA) is to determine, for each type or classification or PII (Personally Identifiable Information) , how it is collected, where it is stored, and how it is disposed of, as well as the potential security risks for each type of PII.
At the start of the month, Oak Inc. had 58,000 units of beginning work in process that were 65% complete. Over the course of the month, the firm completed and transferred out 208,900 units, and at the end of the month, it had 59,400 units in ending work in process that were 70% complete. In comparison, Maple Inc. began the month with 61,200 units of beginning work in process that were 60% complete. Over the course of the month, the firm completed and transferred out 210,500 units, and at the end of the month, it had 52,400 units in ending work in process that were 90% complete. Both firms add 40% of materials at the beginning of the process and the remaining 60% when the units are 70% complete. Both firms also add 25% of conversion costs at the beginning of the process and the remaining 75% when the units are 90% complete. According to these figures, Oak has ________ equivalent units of production for materials and ________ equivalent units of production for conversion costs than Maple.a. more ; fewerb. fewer; fewerc. fewer; mored. more; more
According to these figures, Oak has more equivalent units of production for materials and fewer equivalent units of production for conversion costs than Maple.
Explanation:
The equivalent production unit is an indication of a manufacturer's work on the produced units, which are partially finished at the close of the accounting period. In addition the completely loaded units and the partially filled units are entirely fitted out.
The number of partially completed units x percentage of completion = equivalent units of production.
Oak : 58,000 x 65% = 37,700
Equivalent units of production = 37,700
Maple: 61,200 x 60% = 36,600
So, Oak has more equivalent units of production for materials and fewer equivalent units of production for conversion costs than Maple.
Garage Magic, Inc., contracts for the sale of a certain number of garage door openers to Home & Yard Hardware stores. Ian buys one of the openers. The applicable statute of limitations prescribes a period of four years. To bring a product liability claim against Garage Magic, Ian must file a suit within four years of
Answer:
A) Ian's discovery of an injury caused by the opener
Explanation:
The statute of limitations for product liability sets the maximum time that the buyer has to present a legal claim against a manufacturer from the date that an injury happened. In this case, the statute of limitations is set at four years, so that means that Ian has four years after he (or someone else) suffered an injury when they were suing the garage opener.
Ian must file a product liability claim against Garage Magic within four years from when the injury was discovered or should have been discovered, due to the statute of limitations. The claim must be initiated within this time frame, or Ian may lose the right to compensation.
To bring a product liability claim against Garage Magic, Ian must file a suit within four years of the date of the injury or the date when the injury was or should have been discovered.
This is due to the statute of limitations which prescribes a period of four years for product liability actions.
The timer for the statute of limitations generally starts when the claimant discovers or should have reasonably discovered the harm caused by the product, rather than the date of purchase.
It is important to note that this can vary based on jurisdiction and specific circumstances of the case, and if Ian does not initiate legal action within this period, he risks forfeiting his right to seek compensation.
Colgate discovered that in Spanish colgate is a verb form that means "go hang yourself." Whirlpool found that consumers in Italy, France, and Germany had trouble pronouncing the name. These are examples which show the importance of ________ in global marketing.
Answer:
The options for this question are the following:
A) syntax and morphology
B) phonology and morphology
C) syntax and semantics
D) semantics and phonology
E) semantics and morphology
The correct answer is B) phonology and morphology.
Explanation:
Phonology, together with Morphology and Syntax, constitute the fundamental units of grammatical analysis. Phonology studies the linguistic organization of language sounds and its study has traditionally been related to phonetics that studies the physical aspects of speech, its sound components.
Both disciplines are closely linked and throughout the decades have varied their theoretical conceptions, their relationships and methodologies.
These examples show the importance of cultural sensitivity in global marketing.
Explanation:Cultural sensitivity in global marketing refers to the awareness and consideration of cultural differences when developing marketing strategies and campaigns for different countries or regions. In the examples given, Colgate and Whirlpool encountered issues due to cultural differences that were not initially considered.
For Colgate, the meaning of its brand name in Spanish led to unintended negative connotations, highlighting the importance of understanding language nuances.
Similarly, Whirlpool faced pronunciation difficulties in European countries, demonstrating the need to account for linguistic variations. These examples underscore the significance of cultural sensitivity in global marketing to avoid misunderstandings, negative perceptions, and potential damage to brand reputation.
10)
An income tax rate cut will most likely ____ aggregate demand and _____ aggregate supply.
A) increase; increase
B) increase; decrease
C) decrease; decrease
D) decrease; increase
A tax cut typically increases aggregate demand and may increase aggregate supply, leading to increased output, potential rise in price levels, and improved employment conditions, especially during recessionary periods.
Explanation:An income tax rate cut will most likely increase aggregate demand and have an indeterminate effect on aggregate supply. However, the typical assumption in the short term is that aggregate supply may remain unchanged or increase slightly if the tax cuts positively affect the incentives for production. Therefore, the most likely answer is A) increase; increase. When a government tax cut occurs, it typically leads to an increase in consumption demand since individuals retain more of their earnings. This increased consumption demand can shift the aggregate demand (AD) curve to the right. For example, if aggregate demand becomes higher by 50 at every price level due to a tax cut, the new equilibrium in the market would be at a point where the aggregate demand and aggregate supply intersect at a higher quantity of output.
This shift in equilibrium will lead to an increase in output, reflecting economic growth. The price level might rise as well, although this effect can be muted during a recession since the economy is not at full employment. An increase in output typically correlates with an increase in employment, as more labor is often required to produce a higher quantity of goods and services.
During recessionary periods, such as the 2001 recession, tax cuts are often used to stimulate the economy. They shift the AD curve to the right, which can result in increased real GDP and reduced unemployment, without significant inflationary pressure, especially when the economy operates below its potential output.
A) increase; increase, An income tax rate cut will most likely increase aggregate demand and increase aggregate supply.
Aggregate Demand (AD): An income tax cut increases the disposable income of consumers. With more disposable income, consumers are likely to spend more on goods and services. Therefore, an income tax cut will most likely increase aggregate demand.
Aggregate Supply (AS): A tax cut can also positively affect producers. With lower tax rates, businesses have more money to invest in capital, hire more workers, or reduce prices, which can increase the quantity of goods and services supplied at every price level.
Carol Rogers, a local millionaire, promises to donate $500,000 to the Springfield Humane Society, which the society plans to use to build a new animal hospital. Based on Carol's promise, the society begins work on the hospital. Carol then backs out of her offer.
Carol may be sued for the money under a theory of promissory estoppel
Explanation:
Promissory estoppel is a contract law doctrine that forbids a party from keeping a commitment even though there is no legal contract. This says an alleged party will recover damage. The term insurance includes health or financial risk protection.
The object of Promissory stoppel is to prohibit the Promisor from claiming that a simple pledge can not be lawfully honored or executed.
The promisory estoppel doctrine is part of law throughout the United States and other nations, but the exact legal conditions for promissory estoppel differ not only from country to country as well as from jurisdiction to jurisdiction in the same region, such as States.
The question pertains to the legal principle of promissory estoppel, as seen in business law or contract law, which explains that a promise can be legally enforced if it has led to detrimental reliance. Based on this principle, the Springfield Humane Society could potentially enforce Carol's promise as they relied upon it to their detriment.
Explanation:This question pertains to a legal concept known as promissory estoppel, which is often explored in business law, contract law or legal reasoning courses. Essentially, promissory estoppel is a legal principle that a promise is enforceable by law, even if made without formal consideration, when a promisor has made a promise to a promisee who then relies on that promise to his or her detriment.
In the scenario described in the question, Carol Rogers (the promisor) pledged a considerable donation to the Springfield Humane Society, which then incurs expense or detriment by beginning work on the hospital because they believed Carol would fulfill her promise. According to the principle of promissory estoppel, if the Springfield Humane Society could demonstrate that they relied on Carol's promise and it resulted in a loss or detriment to them, they may be able to enforce Carol's promise in court, despite the absence of a formal consideration (i.e., a return promise or agreement).
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A person's self-concept may affect whether the person buys a product in a particular product category, but it has little impact on brand selection. True
Answer:
False
Explanation:
A person's self concept refers to how that person views and feels about himself/herself. It is extremely common that the way we ourselves is not our ideal self or how we would like to be. Self concept is a very important factor when a consumer decides to purchase certain goods. We like other people to see us or think about us in a certain, so we choose to buy certain products and certain brands that reflect how we would like to seen and how we would like to be ourselves. E.g. someone who buys Mercedes Benz car wishes to be seen as successful and important.
Over the last few months, Juan and his colleagues have analyzed the current business situation and identified target markets for his firm's personal care products. Finally, they developed the products, prices, distribution, and promotion that should appeal to each of those target markets. In doing so, Juan has also identified what he believes is an advantage his competitors cannot match. Juan and his colleagues have been developing:_________.
A. a business mission statement.
B. a strategic vision.
C. team-building exercises.
D. a marketing strategy.
E. competitive assessments.
Answer:
D. a marketing strategy.
Explanation:
Marketing strategy: It is long term approach to develop or penetrate market. Every stage of product life cycle require different marketing strategy. There are different analysis been done to come out with one marketing strategy that will help the company to achieve their primary objective. Strategy for marketing mix, such as product, prices, distribution and promotion are one of the most important strategy to tap the market and gain competitive advantage.
In the given case, Juan and his colleagues have developed a marketing strategy to gain more market share in their target market and how they can gain competitive advantage.
In Blimka v. My Web Wholesalers an Idaho resident, Blimka, ordered a large quantity of jeans from My Web, a Maine company that advertised its goods on the Internet. When a dispute arose over the quality of the jeans, Blimka sued My Web in Idaho state court. My Web contended the Idaho court did not have jurisdiction. The Idaho high court held that:a. the defendants' actions did not satisfy minimum contacts with respect to the fraud allegations b. the defendants' actions did satisfy minimum contacts with respect to the fraud allegationsc. the defendants did not visit Idaho often enough for Blimka to sue them in an Idaho Courtd. Blimka could sue the defendants in Idaho because the defendants owned property in Idahoe. none of the choices are correct
Answer:
1. Yes, if they do active business. The standard is the same as it is for traditional businesses. Once a business “enters” a state to do business, especially when there are actual sales, not just discussions, it subjects itself to its law.
2. The case was probably for less than $75,000, since the money paid was about $21,000. Even allowing for lost profits Blimka may have earned by resale, it would be unlikely to be enough for diversity jurisdiction. In any case, My Web failed to show up to defend itself and lost. So later when it lost on the claim of lack of jurisdiction, it could not ask for another day in court.
Explanation:
Answer:
B) the defendants' actions did satisfy minimum contacts with respect to the fraud allegations
Explanation:
In common law, minimum contacts is a legal term used by state civil courts to determine whether that state court has jurisdiction over a foreign citizen. In this case, foreign citizen refers to a company incorporated in another state (Maine).
The state court of Idaho determined that My Web Wholesalers had minimum contacts with the state of Idaho because it sold its products there. Even though they did not have an actual retail store in the state, My Web sold its products through the internet to citizens of Idaho. Therefore, the civil court of Idaho has jurisdiction to serve My Web Wholesalers.
Early in 2022, Stevenson Incorporated switched to a JIT (just-in-time) inventory system. Financial information for the two most recent years is listed below: How many times did inventory turnover increase as a result of the switch to the JIT system?
Answer:
3.8 times
Explanation:
Inventory turnover indicates how many times a company sells and replaces its stock of goods during a particular period. The formula for inventory turnover ratio is the cost of goods sold divided by the average inventory for the same period.
$ 320,000 / 63,000 = 5.1 times in 2022
$283,500 / 32,000 = 8.9 times in 2023
Therefore inventory turnover increase as a result of the switch to the JIT system by 8.9 times - 5.1 times = 3.8 times
Bridget, a single taxpayer, sold a building used in her business during the current year. The realized gain on the sale was $135,000. Of this amount, $95,000 is unrecaptured Section 1250 gain. How will Bridget be taxed on this gain assuming her marginal tax rate is 32 percent and her LTCG rate is 15%?
Answer:
$95,000 will be taxed at 25% and $40,000 will be taxed at 15%
Explanation:
(See attachment below for Long-term capital gains tax rate)
Depending on income and marital status, the long-term capital gains tax rates are 0%, 15% and 20% respectively.
Bridget is single and her realised gain is $135,000
Out of which $95,000 is unrecaptured Section 1250 gain.
The capital gain attracts 15%
(See attachment below)
The capital gain is calculated as
$135,000 - $95,000 = $40,000
The $95,000 will be taxed at 25% under the unrecaptured Section 1250 gain.
Elasticity is a. a measure of how much buyers and sellers respond to changes in market conditions. b. the study of how the allocation of resources affects economic well-being. c. the maximum amount that a buyer will pay for a good.
Answer:
Elasticity is a measure of how much buyers and sellers respond to changes in market conditions.
Explanation:
Elasticity is a measure of a variable's responsiveness to a variation in another variable, most generally this consciousness is the variation in price applicable to fluctuations in other factors. It is predominantly practiced to evaluate the shift in consumer interest as a consequence of a variety in a good or service's price.
A product is supposed to be elastic if the quantity requirement of the product evolves drastically when its price rises or drops. Conversely, a product is deemed to be inelastic if the volume requirement of the product varies very little when its value alternates.
Elasticity is a measure of how much buyers and sellers respond to changes in market conditions. It helps economists understand consumer and producer behavior and make predictions about market outcomes.
Explanation:Elasticity is a measure of how much buyers and sellers respond to changes in market conditions. It is a concept used in the study of economics to understand how people react to changes in price, income, or other factors affecting demand and supply.
For example, if the price of a product increases and the quantity demanded decreases significantly, we say that the product has high price elasticity of demand. On the other hand, if the quantity demanded does not change much with a price increase, the product has low price elasticity of demand.
Elasticity helps economists and policymakers make predictions and analyze the effects of changes in market conditions on the behavior of consumers and producers.
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"If Lazer Co. desires to lock in the maximum it would have to pay for its net payables in euros but wants to be able to capitalize if the euro depreciates substantially against the dollar by the time payment is to be made, the most appropriate hedge would be"
Answer:
D) purchasing euro call options.
Explanation:
If Lazer purchased euro call options it would be basically buying the right to purchase euros at a specified currency exchange rate. This way Lazer would know what is the maximum amount it will have to pay for the euros it needs to cover its debts. The call option give the buyer the right to purchase the euros but not the obligation, so if the euro depreciates, then Lazer can simply decide to not use the call option.
When people function as ____________, they are focused on doing things right; when they function as ____________, they are focused on doing the right thing.
Answer:
B. Managers; Leaders
Explanation:
Managers are the ones that "manages" as company. They are responsible to directing, controlling, supervising and staffing a company or an organization. The help in coordination of activities in order to achieve the organization's or company's goal. The are mainly focused on doing things right in order to achieved set goals through predetermined plans.
A leader is broader than a manager. A leader is a person that influences people or workers under him in the aim of achieving a goal. A leader is focused on doing the right thing through good leadership and management.
Individuals act as managers when they focus on efficiency and effectiveness (doing things right), while they serve as leaders when they prioritize ethics and influence (doing the right thing). The balance between these two roles is essential for organizational success.
When people function as managers, they are focused on doing things right; when they function as leaders, they are focused on doing the right thing. Managers are often associated with the concept of ensuring that the operations within an organization are running efficiently and effectively. This involves planning, organizing, directing, and controlling resources to achieve specific goals. On the other hand, leaders are more concerned with setting the right goals, inspiring and influencing people, and looking at the bigger picture to guide an organization towards growth and change. Leaders prioritize strategic thoughts and actions, taking into account ethical considerations and the impact of decisions on people and society. They embody the principles of self-actualization, which includes knowing the difference between good and evil, and focusing on ends rather than just means.
Achieving a balance between task-oriented management and people-oriented leadership is crucial for the success of any organization. Task-oriented individuals are more concerned with completion and efficiency, while those who are people-oriented emphasize relationships and the well-being of team members. An organization thrives when it can efficiently accomplish tasks (the realm of managers) and when it simultaneously navigates towards ethical, long-term objectives (the realm of leaders).
Exom and Royshe are two oil and natural gas exploration and production companies. They created a new entity, CalEner, for oil exploration in California. The two parent companies remained separate. CalEner is an example of a _____.
Answer:
joint venture
Explanation:
A joint venture is basically a business entity set up by two other companies (or even more companies that associate with each other) to serve a specific market or accomplish a specific project or task, but the two parent companies continue to operate separately form each other.
An investor at the firm insists on buying a stock in order to receive the dividend, despite being advised against this by their registered representative. The stock's record date is Monday, October 23rd. Assuming a regular-way settlement, the latest that this investor could buy the stock and still receive the dividend is
[A] Wednesday, October 18th.
[B] Thursday, October 19th.
[C] Friday, October 20th.
[D] Saturday, October 21st.
Answer:
B] Thursday, October 19th.
Explanation:
For the dividend to be received, the investor has to buy the stock before the formal date in order for the investor to receive the dividend. The formal date according to this scenario is Friday, October 20th, which is a business day preceding the record date. Therefore, the investor would be needing to purchase the stock on or before a date prior to Thursday, October 19th, so as for the dividend to be received.
Downtown Coffee Roasters is a premium cafe that is reputed for its superior customer service. The coffee shop also serves gourmet food to its customers, which allows it to charge a premium price. Budget Beans, in contrast, is a chain of coffee shops that charges the lowest price in the industry due to its self-service policy. However, Perky's Coffee Inc. has found a balance between these two strategic groups by using automated ordering to free up its employees to work as master baristas and bakers, thus focusing on creating excellent products. It charges a price slightly above that of Budget Beans. In this scenario, Perky's Coffee is following a
a. liquidation strategy.
b. product diversification strategy.
c. market penetration strategy.
d. blue ocean strategy.
Answer:
D. blue ocean strategy
Explanation: