Answer: The correct answers are "C. She and her colleagues will cultivate a global perspective and view the entire world as one market. ", "B. The corporate structure will integrate the activities of foreign affiliates. " and "A. Strategy will include finding raw materials and locating production wherever it is most profitable to do so.".
Explanation: If Talia is hired as a manager of a multinational, surely she and her colleagues will have a global perspective and will perceive the entire world as a single market, since it is a fundamental characteristic for the development of a multinational, as well as being in several countries, An optimal strategy would be to find and locate production in the country that implies a lower cost of labor and raw materials.
Also the corporate structure must integrate the activities of foreign subsidiaries to have greater power in the global market.
As a manager in a multinational corporation, Talia can expect to be involved in strategies seeking cost-effective production locations, working with an integrated corporate structure which involves foreign affiliates, cultivating a global market perspective, and the potential for semi-independent operation of different regional segments of the company.
Explanation:If Talia is hired as a manager at a multinational corporation (MNC), she can expect a number of experiences.
A. MNCs often follow strategies to find raw materials and locate production where it is most profitable. This is done to minimize costs and maximize profits. B. MNCs usually have a corporate structure that integrates the activities of foreign affiliates. This means that operations across different countries are coordinated and aligned with the overall corporate strategy. C. Talia and her colleagues will likely need to cultivate a global perspective and view the entire world as one market. This is because MNCs operate in multiple countries and need to consider global trends and variations in their decision-making processes. D. In many MNCs, the headquarters function is dispersed, meaning that different parts of the company operate semi-independently in different regions. This allows MNCs to be flexible and adaptive to local market conditions.Learn more about Working for Multinational Corporations here:
https://brainly.com/question/34184784
#SPJ3
Blythe, an accountant for Credits & Debits, acquires a negotiable instrument from Eton by promising to pay its face value in thirty days. Blythe acquires the status of an HDC when she
a. acquires possession of the negotiable instrument.
b. agrees with Eton to buy the negotiable instrument.
c. pays the face value due on the instrument.
d. transfers the instrument to another party.
Answer:
c. pays the face value due on the instrument.
Explanation:
Holder In Due Course (HDC) is a legal term that describes a person given a negotiable instrument e.g. check, for an exchange of service without any doubt in it's legitimacy.
Blythe acquires the status of an HDC when she pays the face value due on the instrument.
If lead time is longer than the review period, the order quantity at any review point is the amount needed for the inventory on hand plus all outstanding orders to reach the replenishment level. Group of answer choices False True
Answer: True.
Explanation:
The periodic review model for probabilistic demand explains that the order quantity at any review point comprises of all outstanding order to reach the replenishment level and amount needed for inventory when lead time is longer than review period.
You decide to start your own business as a professional corporation. You purchase an office building for $35,000 from your mother even though your real estate agent said it was worth $500,000 in the current market. The corporation recorded the building at $500,000. Which of the following concepts or principles of accounting did the corporation violate?
Going concern assumption
money unit assumption
lower of cost of market principle
cost principle
Answer:
Cost principle
Explanation:
Cost principle -
It refers to the amount of the specific object to be recorded during the time of acquiring , is referred to as cost principle .
Cost principle is also called historical cost principle.
During the acquisition , the amount recorded need to be correct , any alteration in the amount leads to the violation of the cost principle.
Similar situation is showcased in the question,
Hence , from the given options the correct option is cost principle.
At the beginning of the year (January 1), Buffalo Drilling has $12,000 of common stock outstanding and retained earnings of $6,200. During the year, Buffalo reports net income of $6,500 and pays dividends of $1,200. In addition, Buffalo issues additional common stock for $6,000.
Required:
Prepare the statement of stockholders' equity at the end of the year (December 31).
Answer:
Explanation:
The preparation of the statement of stockholders' equity at the end of the year is presented below:
Buffalo Drilling
Statement of stockholders' equity
At the end of the year (December 31)
Particulars Common Stock Retained earnings Total
Beginning
Balance $12,000 $6,200 $18,200
Net income $6,500 $6,500
Dividend paid -$1,200 -$1,200
Additional
common stock $6,000 $6,000
Total $18,000 $11,500 $29,500
A change in income preferences or prices of other goods or services leads to a that causes a:______
Answer:
change in demand; shift of the demand curve.
Explanation:
We know that income elasticity of demand derives by considering the percentage change in quantity demanded and percentage change in income
In mathematically,
Income elasticity of demand = (percentage change in quantity demanded) ÷ (percentage change in income)
By considering the above information, the change in income preferences is due to change in demand plus it also shift of the demand curve
Why are all three factors of the Fraud Triangle important, as it relates to the act of fraud?
The absence of one or more factors suggests that...
It is important to recognize that all three factors of the fraud triangle must usually exist for fraud to occur. The absence of one or more factors suggests fraud is unlikely.
Answer:
There are three important factors for fraud which are motive, opportunity and rationalization.
Explanation:
The three factors are also known as the fraud triangle, presence of all three factors is important to commit fraud absence of any one may result in reduction in chances of fraud but it is not completely eliminated. Motive is the need for money or some basic necessity due to which a person is forced to commit fraud. Opportunity is the chance available to commit a fraud. Rationalization is a mindset of a person which justifies his/her acts.
Listed below are costs found in various organizations.
1. Direct labor
2. Executive salaries
3. Factory rent
4. Property taxes, factory.
5. Boxes used for packaging detergent produced by the company
6. Salespersons' commissions
7. Supervisor's salary, factory
8. Depreciation, executive autos.
9. Wages of workers assembling computers
10. Insurance, finished goods warehouses
11. Lubricants for production equipment.
12. Advertising costs
13. Microchips used in producing calculators.
14 Shipping costs on merchandise sold
15. Magazine subscriptions, factory lunchroom
16. Thread in a garment factory
17 Executive life insurance
18. Ink used in textbook production
19. Fringe benefits, materials handling workers
20. Yarn used in sweater production
21. Wages of receptionist, executive offices
Required:
For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product.
Variable costs change in direct extent to the degree of creation or deals, while fixed costs stay consistent paying little mind to yield.
Variable costs:
Direct workBoxes utilized for bundling cleanserSalespersons' bonusesWages of laborers gathering PCsOintments for creation gearComputer chips utilized in delivering number crunchersTransporting costs on stock soldString in a piece of clothing plantYarn utilized in sweater creationFixed costs:
2. Chief pay rates
Processing plant leaseLocal charges, processing plantBoss' compensation, production lineDeterioration, leader automobilesProtection, completed products stockroomsPromoting costsMagazine memberships, processing plant loungeChief disaster protectionInk utilized in reading material creationIncidental advantages, materials taking care of laborersWages of secretary, chief workplacesSelling Expenses:
6. Salespersons' bonuses
Transporting costs on stock soldPromoting costsRegulatory Expenses:
2. Chief pay rates
Deterioration, leader carsMagazine memberships, manufacturing plant loungeChief disaster protectionWages of assistant, leader workplacesProducing Expenses:
Direct work (Direct)Manufacturing plant lease (Indirect)Local charges, production line (Indirect)Manager's compensation, manufacturing plant (Indirect)Wages of laborers gathering PCs (Direct)Ointments for creation hardware (Indirect)Computer chips utilized in delivering mini-computers (Indirect)String in a piece of clothing production line (Indirect)Ink utilized in course book creation (Indirect)Incidental advantages, materials dealing with laborers (Indirect)Yarn utilized in sweater creation (Indirect)Learn more about Variable costs, from:
brainly.com/question/33885654
#SPJ12
Costs incurred by businesses can be classified into fixed or variable costs, and further broken down into manufacturing, selling, or administrative costs, each with specific direct or indirect associations with the production of goods or services.
Explanation:Businesses incur various types of costs, which can be classified into fixed costs and variable costs. Fixed costs are expenses that do not change with the level of production, such as rent or equipment, while variable costs fluctuate with production levels, like direct materials or commissions. Additionally, costs can be categorized as manufacturing costs (either direct or indirect), selling costs, or administrative costs.
Direct labor: Variable, Manufacturing Cost, DirectExecutive salaries: Fixed, Administrative CostFactory rent: Fixed, Manufacturing Cost, IndirectProperty taxes, factory: Fixed, Manufacturing Cost, IndirectBoxes used for packaging detergent: Variable, Manufacturing Cost, IndirectSalespersons' commissions: Variable, Selling CostSupervisor's salary, factory: Fixed, Manufacturing Cost, IndirectDepreciation, executive autos: Fixed, Administrative CostWages of workers assembling computers: Variable, Manufacturing Cost, DirectInsurance, finished goods warehouses: Fixed, Manufacturing Cost, IndirectLubricants for production equipment: Variable, Manufacturing Cost, IndirectAdvertising costs: Fixed, Selling CostMicrochips used in producing calculators: Variable, Manufacturing Cost, DirectShipping costs on merchandise sold: Variable, Selling CostMagazine subscriptions, factory lunchroom: Fixed, Manufacturing Cost, IndirectThread in a garment factory: Variable, Manufacturing Cost, DirectExecutive life insurance: Fixed, Administrative CostInk used in textbook production: Variable, Manufacturing Cost, DirectFringe benefits, materials handling workers: Variable, Manufacturing Cost, IndirectYarn used in sweater production: Variable, Manufacturing Cost, DirectWages of receptionist, executive offices: Fixed, Administrative CostA zero coupon bond: is sold at a large premium. can only be issued by the U.S. Treasury. has a market price that is computed using semiannual compounding of interest. has less interest rate risk than a comparable coupon bond. has a price equal to the future value of the face amount given a positive rate of return.
Answer:
A zero coupon bond:
A. is sold at a large premium.
B. has a price equal to the future value of the face amount given a positive rate of return.
C. can only be issued by the U.S. Treasury.
D. has less interest rate risk than a comparable coupon bond.
E. has a market price that is computed using semiannual compounding of interest.
Answer is : B
Explanation:
In classification of bonds we have a unique type of bond known as Zero-coupon bonds also know as Pure discount bonds, unlike traditional bonds they don’t pay coupon instead they are sold on discount basis and on maturity the bondholder receive a par value, for this reason the price will be at a discount on sale and on maturity be redeemed at par price showing a positive rate of return.
A zero coupon bond is a type of bond that is sold at a large premium and does not make periodic interest payments. It can be issued by various entities and has a market price calculated using compound interest. Compared to coupon bonds, zero coupon bonds have less interest rate risk and their price is determined by the future value of the face amount given a positive rate of return.
Explanation:A zero coupon bond is a type of bond that is sold at a large premium and does not make periodic interest payments like a traditional coupon bond. Instead, the investor earns interest through the difference between the purchase price and the face value of the bond at maturity. These bonds can be issued by various entities, not just the U.S. Treasury.
Zero coupon bonds have a market price that is computed using compound interest, typically on a semiannual basis. This means that the interest is added to the bond's value, and the interest in the next period is calculated based on this new value.
Zero coupon bonds generally carry less interest rate risk compared to comparable coupon bonds. This is because the investor knows exactly how much they will receive at maturity, regardless of how interest rates fluctuate during the life of the bond.
The price of a zero coupon bond is equal to the future value of the face amount given a positive rate of return. This means that the price depends on the interest rate and the time until maturity. As interest rates increase, the price of the bond decreases, and vice versa.
If demand shifts right and supply left, then we know equilibrium quantity decreased but we do not know the change in equilibrium price.a. Trueb. False
Answer:
False.
Explanation:
When there is a rightward shift in the demand curve and leftward shift in the supply curve then as a result the equilibrium price of the good increases and the effect on equilibrium quantity is indeterminate because it depends upon the magnitude of the shifts of demand and supply curve.
Hence, the statement is not true.
Distinguish between management process, practice, performance, and environment.
Bruce, a buyer, contracted with Steve, a seller, to buy ten dozen bicycle tires for $960. Payment was due thirty days after delivery. When the tires arrived they were found to be non-conforming to the contract, and Bruce rejected the shipment after inspection. Bruce still has the tires and is required to:________a. Sell the tires to someone else to recover the damage caused by the non-conformity.b. Hold the tires with reasonable care for disposition as the seller instructs.c. Accept the tires and sue for damages for the non-conformity.d. Send the tires back to the seller.e.return the tires to the carrier that brought them.
Answer:
b. Hold the tires with reasonable care for disposition as the seller instructs.
Explanation:
When goods are non-conforming to contract, the buyer has the right to reject the goods. The seller also has the right to cure the defect or ensure conformity.
1. Buyer's right to reject: In this case the buyer has the right to reject the goods on inspection, and notify the seller within a reasonable amount of time.
2. Seller's right to cure: The seller has the right to cure defect on the goods, and this can be done where there is still time to rectify the defects noticed by the buyer. In this case, the buyer is not due to pay for the goods for the next 30 days.
The seller still has the opportunity to meet the contract standard and close the deal.
So option b is correct. The buyer holds the goods pending decision of seller to either cure defects on goods or retrieve the goods.
The significance of names or reputations given to people when they engage in certain types of behavior is the focus of ________ theory.1.A) strainB) controlC) labelingD) differential association
Answer:
The correct answer is letter "C": labeling.
Explanation:
Labeling theory or Theory of social reaction is one of the micro-sociologist theories of the deviation sociology that states concerning other social relation theories, that deviation is not inherent to the act itself but is a reaction that most societies qualifies or labels negatively the behavior of minorities when they deviate of the social norms of the majorities.
If all firms in a competitive industry are legally required to meet new regulations that increase their costs of production, what happens to the good's:
a. demand
b. supply
Answer:
If all firms in a competitive industry are legally required to meet new regulations that increase their costs of production, the supply of goods would decrease.
Explanation:
In order to comply with the new regulations in place and still keep the business profitable, the businesses would choose to decrease production in order to keep the initial cost of production in control (or in the range that it was in before the introduction of new regulations). The firms would take steps in order to avoid market fluctuation and the step of decreasing the production of goods to keep the price stable would be one of those steps.Final answer:
New regulations that increase firms' production costs in a competitive industry cause the supply curve to shift left, indicating a lower quantity supplied at any given price, while demand initially remains unchanged. Higher production costs may result in higher prices for consumers, potentially affecting demand over time.
Explanation:
When a competitive industry is required to comply with new regulations that increase their production costs, it impacts the supply of the good in the market. The cost increase typically causes a shift in the supply curve to the left, indicating that the quantity supplied at any given price will be lower. This is due to the higher cost of production making it less profitable or more expensive to produce the same amount of goods. Meanwhile, the demand for the good remains unchanged because the change in regulations affects the production side of the market, not the preferences or purchasing power of consumers.
As a result of this leftward shift in supply, we can expect the market price of the good to increase if demand remains constant. Producers may try to pass on the additional costs to consumers in the form of higher prices. Over time, if the increased prices lead to a decrease in quantity demanded, the demand curve may shift to the left, reflecting a lower quantity of goods demanded at each price.
Record the entry for cash dividend received of $200,000 from the Ferry Intercommunications common shares.
Answer:
Dr Cash Account and Cr Income statement (i.e investment income)
Explanation:
This represents returns received on shareholding with Ferry Intercommunications.
This will credited as other income in the income statement and it will also increase the company's cash balance since it is a cash inflow.
Respond to the following in a minimum of 175 words: How has the development of the internet affected the way companies forecast in support of their supply chain planning process?
Answer and explanation:
Supply chain planning involves projecting all the processes in manufacturing from where to obtain the raw material until who will deliver the final good to retailers. Thanks to the internet, where to obtain the raw material, when to obtain it, where to find the equipment needed for manufacturing and the skilled personnel who will handle it, where the goods can be sold and who will deliver them to wholesalers so the product can reach final consumers has become easier to determine because those are questions that can be found using the worldwide web. One of the key components that drive manufacturing companies to success is the speed at which they can run the business and the internet is the tool that can fasten most of the manufacturing processes.
Which of the following is a manufacturing overhead cost? A. labor cost of plant workers that can be traced accurately and easily B. to a particular product overtime premiums paid C. to plant workers cost of materials that can be traced D. to individual products in an economically feasible manner the use of direct materials in the making of a finished good
Answer:
The correct answer is letter "B": to a particular product overtime premiums paid.
Explanation:
Overhead costs is an accounting term used for expenses that have to be paid, even if the business does not earn any revenue. The business would not be able to operate without paying its overhead expenses even if the expenses do not directly relate to the product or service being produced.
Examples of overhead costs are rent, utilities, office supplies, repairs and maintenance, insurance, taxes, or the salaries of human resources and accounting personnel. Overtime premiums paid to plant workers fall into this category as well.
An employee scans his badge to open a door, and the door opens. The employee does not have access to the room as part of the job. This is an example of a:
Answer:
The correct answer is: False positive.
Explanation:
In statistics, a False positive outcome refers to the scenario when ac action is carried out expecting a negative result but eventually the action works. The term is widely used in medicine in cases, for instance, when women have positive results on pregnancy tests but they are not expecting a baby.
12. If your disposable income falls from $55,000 to $50,000 and your consumption falls from $40,000 to $38,000, your marginal propensity to save is:
Answer:
Marginal Propensity to save=0.6
Explanation:
In order to calculate Marginal Propensity of save, we have to find the marginal Propensity to consume.
Marginal Propensity to consume=Consumption Change/Income change
Marginal Propensity to consume=[tex]\frac{\Delta\ Consumption}{\Delta\ income}[/tex]
Change in Consumption=$40,000-$38,000
Change in Consumption=$2000
Change in income=$55,000-$50,000
Change in income=$5,000
Marginal Propensity to consume=[tex]\frac{2000}{5000}[/tex]
Marginal Propensity to consume= 0.4
Now,
Marginal Propensity to consume + Marginal Propensity to save=1
0.4 + Marginal Propensity of save=1
Marginal Propensity of save=1-0.4
Marginal Propensity to save=0.6
Answer:
I believe you MPS is now 0.6
Explanation:
How does the mentor role differ from the facilitator role in an organization explain?
Answer and Explanation:
Mentoring is the way toward building up the mentee's close to home and expert improvement. Tutor go about as a guide, instructor and supporter which impact the mentee. Guides are not nonpartisan and express their sentiment at whatever point required. The relationship of guide and mentee's can be both formal and casual in nature.
Facilitation is the procedure by which the facilitator encourages the gathering to create process so as to meet alluring result. They center around gathering, groups, teams or association. The job of the facilitator relies upon the undertaking or issue that is done through face to face, virtual gathering or work shop. They center around settling the specific issue for enormous crowd. Facilitator should be impartial on the issue and don't favor one side.
Staley Inc. reported the following data:Net income $396,200Depreciation expense 61,250Loss on disposal of equipment 27,600Increase in accounts receivable 9,000Increase in accounts payable 3,350Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.Staley Inc.Statement of Cash Flows (partial)
Answer:
$479,400
Explanation:
The preparation of the Cash Flows from Operating Activities - Indirect Method is presented below:
Cash flow from Operating activities - Indirect method
Net income $396,200
Adjustment made:
Add : Depreciation expense $61,250
Add: Loss on disposal of equipment $27,600
Less: Increase in accounts receivable -$9,000
Add: Increase in accounts payable $3,350
Total of Adjustments $83,200
Net Cash flow provide by Operating activities $479,400
According to IFRS, all of the following pieces of information about property, plant, and equipment must be disclosed in a company’s financial statements and footnotes except for:
a. useful lives.
b. acquisition dates.
c. amount of disposals
Answer:
b. acquisition dates.
Explanation:
Property plant and equipment are non-current assets whose economic benefit is spread beyond several years.
The disclosure requirements in accordance with IAS 16 Property Plant and Equipment are:
1. Depreciation method used.
2.The depreciation rate used which may also be the useful life.
3. Gross carrying amount including opening and closing depreciation.
4. The underlying assumptions in computing the gross carrying amount
5. Reconciliation of opening carrying amount with the closing carrying amount for the period.
Answer:
B. Acquisition Date
Explanation:
The International Financial Reporting Standards (IFRS) specifically IAS 16 speaks to the recognition, carrying amount, impairment losses recognition, depreciation and disclosure information on property, plant and equipment. Actually property, plant and equipment could also be known as fixed assets.
IFRS specifies that the useful lives of the Property, plant and equipment be disclosed since this is important in determining depreciation as well as carrying amount among others.
IFRS also specifies that the amounts of disposals be disclosed to better understand closing or salvage value of the asset.
However, IFRS does not specify the disclosure of the acquisition dates in the financial statements or the footnotes of the Company for Property, plant and equipment.
A diesel-powered tractor with a cost of $208,140 and an estimated residual value of $2,700 is expected to have a useful operating life of 48,000 hours. During April, the tractor was operated 300 hours.
Determine the depreciation for the month.
Answer:
$1,284
Explanation:
The computation of the depreciation expense is shown below
= (Cost of diesel-powered tractor - estimated residual value) ÷ (useful operating life)
= ($208,140 - $2,700) ÷ ($48,000 hours)
= ($205,440) ÷ ($48,000 hours)
= $4.28 per hour
Now for the month, it would be
= Operated hours in a month × depreciation per hour
= 300 hours × $4.28
= $1,284
Suppose that Portugal and Switzerland both produce jeans and cheese. Portugal's opportunity cost of producing a pound of cheese is 5 pairs of jeans while Switzerland's opportunity cost of producing a pound of cheese is 10 pairs of jeans.
By comparing the opportunity cost of producing cheese in the two countries, you can tell that
[A) Portugal. B) Switzerland]
has a comparative advantage in the production of cheese and
[A) Portugal. B) Switzerland]
has a comparative advantage in the production of jeans.
Suppose that Portugal and Switzerland consider trading cheese and jeans with each other. Portugal can gain from specialization and trade as long as it receives more than
Based on your answer to the last question, which of the following prices of trade (that is, price of cheese in terms of jeans) would allow both Switzerland and Portugal to gain from trade? Check all that apply. 3 pairs of jeans per pound of cheese O 15 pairs of jeans per pound of cheese 8 pairs of jeans per pound of cheese 9 pairs of jeans per pound of cheese
[A) 1 pair. B) 1/10 pair. C) 1/5 pair. D) 5 pairs. E) 10 pairs]
of jeans for each pound of cheese it exports to Switzerland. Similarly, Switzerland can gain from trade as long as it receives more than
[A) 1 pound. B) 1/10 pound. C) 1/5 pound. D) 5 pounds. E) 10 pounds]
Answer:
a. Portugal has comparative advantage in producing Cheese.
b. Switzerland has comparative advantage in producing Jeans.
c. 8 pairs of jeans per pound of Cheese
9 pairs of jeans per pound of Cheese
d. The answer is D. 5 Jeans.
e. The answer is B. 1/10 Pound.
Explanation:
a. Portugal can produce 1 pound of Cheese for opportunity cost of 5 pairs of jeans whereas Switzerland can produce 1 pound of cheese for 10 pairs of Jeans, if Portugal imports jeans from Switzerland then it can get 10 jeans against 1 pound of cheese instead of 5 jeans which it can make at his own. So comparatively producing cheese is cheaper for Portugal.
b. referring to the explanation in requirement “a.” above Switzerland has benefit in producing jeans instead of producing Cheese.
c. Portugal can produce 1 pound of cheese for 5 pairs of jeans which suggests that during a trade receiving more than 5 pair of jeans for 1 pound of cheese will be beneficial for Portugal. Similarly Switzerland can produce 1 pound of cheese for 10 pairs of jeans, receiving 1 pound of cheese for less than 10 pairs of jeans can be beneficial for Switzerland.
• 3 pairs of jeans/ pound of cheese will be a loss for Portugal
• 15 pairs of jeans/pound of cheese will be a loss for Switzerland
• 8 pairs of jeans/ pound of cheese will provide gain to both countries
• 9 pairs of jeans/ pound of cheese will again provide gain to both countries
d. Portugal should trade for more than 5 pairs of jeans for each pound of cheese to gain from the trade because 5 pairs of jeans is the cost it can produce at his own in the country.
e. Switzerland should receive atleast more than 1/10 pound of cheese against 1 pair of jeans to gain from the trade. Because if it produces in his own country 1 pair of jeans equals 1/10 pounds of cheese
(1 Pounds of cheese / 10 Pairs of Jeans)
Portugal has a comparative advantage in the production of cheese and Switzerland in the production of jeans. Portugal would benefit from trade if it receives more than 5 pairs of jeans for each pound of cheese it exports. Switzerland would benefit if it receives more than 1/10 pound of cheese for each pair of jeans it exports. Trade prices beneficial to both would be 8 or 9 pairs of jeans per pound of cheese.
Explanation:By comparing the opportunity cost of producing cheese in the two countries, we can tell that Portugal has a comparative advantage in the production of cheese. This is because Portugal only needs to forgo producing 5 pairs of jeans to produce a pound of cheese, while Switzerland has to forgo 10 pairs. On the other hand, Switzerland has a comparative advantage in the production of jeans.
Portugal can indeed gain from specialization and trade as long as it receives more than 5 pairs of jeans for each pound of cheese it exports to Switzerland. This is because Portugal's opportunity cost of cheese is 5 pairs of jeans. So, for the trade to be beneficial, it should receive a price higher than its opportunity cost.
Similarly, Switzerland can gain from trade as long as it receives more than 1/10 pound of cheese for each pair of jeans it exports to Portugal. This is because the opportunity cost for Switzerland of getting one pair of jeans is giving up 1/10 pound of cheese.
So, the prices of trade that would allow both Portugal and Switzerland to gain from trade are 8 pairs of jeans per pound of cheese and 9 pairs of jeans per pound of cheese. This falls in between Portugal's and Switzerland's opportunity costs for cheese.
Learn more about Comparative Advantage here:https://brainly.com/question/34399484
#SPJ3
Describe two methods a business or agency can use to reduce the risk of unauthorized release of personal information by employees.
Answer:
The two approaches used by an organization or a corporation to minimize the risk of unauthorized access to personal data by employees as set out below.
Explanation:
Training courses to protect workers from inadvertently delivering informationBuild a website that gives users only the details they will have to complete their work nothing more. Ensure that each consumer has his or her own set of passwords and that payments are logging in.Hence, it is the right answer
Businesses can reduce the risk of unauthorized release of personal information by implementing methods such as data encryption and access controls, along with conducting regular privacy training.
Explanation:Businesses and agencies can use various methods to decrease the risk of unauthorized disclosure of personal information by employees.
Data Encryption: All personal data stored and transmitted should be encrypted. This makes the data unreadable to the unauthorized person even if it’s leaked. Access Controls: Limiting the employees' access to information to 'need to know' basis. This can restrict unauthorized access to sensitive information.
Conduct regular training and awareness programs to ensure all employees understand the importance of personal information privacy and the implications of unauthorized data disclosure.
Learn more about Information Protection here:https://brainly.com/question/33995359
#SPJ3
A stover-to-ethanol plant produces 40,000 tonne/ year of ethanol and contains 8 functional units: feedstock handling, pretreatment, simultaneous saccharification/fermentation distillation, solid/ sirup separation, wastewater treatment, boilers, and turbogeneration/utilities (McAloon et al., 2000). Estimate the FCI of the plant using the empirical correlation based on the work of Bridgwater and Mumford (1979).
Answer:
$88 Million
Explanation:
Data provided in the question:
Amount of ethanol produced by stover-to-ethanol plant, F = 40,000 tonne/ year
Number of functional units, N = 8
Now,
For F < 60,000 tonne/ year
The FCI of the plant is given as
FCI = 458,000 × N × [tex]\text F^{0.3}[/tex]
On substituting the respective values, we get
FCI = 458,000 × 8 × [tex]\text 40,000^{0.3}[/tex]
or
FCI = 3,664,000 × 24.0225
or
FCI = $88018398.52 = $88 Million
Abby consumes only apples. In year1, red apples cost $1 each, green apples cost $2 each, and Abby buys 10 red apples. In year 2, red apples cost $2, green apples cost $1, and Abby buys 10 green apples.
1. Compute Abby’s nominal spending on apples in each year. How does it change from year 1 to year 2?
2. Compute a consumer price index for apples for each year. Assume that year 1 is the base year in which the consumer basket is fixed. How does your index change from year 1 to year 2?
3. Using year 1 as the base year, compute Abby’s real spending on apples in each year. How does it change from year 1 to year 2?
Answer:
Explanation:
1. Nominal spending is the total value of output produced or consumed each year.
Year 1 Abby buys 10 ×$1 = $10
Year 2 Abby buys 10 ×$1= $10
⇒ nominal spending= $10
2. Base year - year 1
Consumer price index is a measure of the average change over time in the prices paid by consumers for a market basket of consumer goods and services.
CPI= (prices of the most recent market basket in the particular year/ prices estimate of market basket in base year )x100
However, for multiple products we have to consider the weights of an item.
So, the formula will be:
CPI2= [(P2Red xQ1Red)+ (P2green x Q1green)]/[(P1Red xQ1Red)+ (P1grn x Q1grn)]
CPI2=[ (2 x 10) + (1x0)]/ [(1x10)+(2x0)]
CPI2=20/10=2
Meaning that prices have incresed × 2
3. Real spending is the amount spent in the current year but caliculted at the base year price.
Base year prices:
Red $1
Green $2
Real spending in year 1: (P1red*Q1red) + (P1green*Q1green)
=$1x10 + 0 = $10
Real spending in year 2= (P1redQ2red) + (P1greenQ2green)
= (1x 0) +(2 x 10) = $20
Real spending has increased from $10 to $20
Caralee’s coworker Mohammed, who is Muslim, celebrates Ramadan for one month each year; during this time, he fasts from sunrise to sunset. Donuts and muffins are usually served at meetings in their company. Caralee is demonstrating______ when she does not order snacks for meetings during Ramadan.a. ethnocentrismb. low cultural intelligencec. high cultural intelligence
Explain the differences between a change in quantity demanded of ice cream and a change in the demand of ice cream.
Answer:
A change in quantity demanded is as a result of a change in price. It leads only to movement along the demand curve. If price increases, quantity demanded falls and if price falls, quantity demanded rises.
A change in demand for icecream in caused by other factors other than the price of Ice cream. Some of these factors include:
1. Taste
2. Weather
3. Change in price of substitutes
4. Expectations
A change in demand leads to the demand curve either shifting to the left or to the right.
Explanation:
By comparing opportunity costs and gains from trade for two parties each making the same two goods, one can determine the exact exchange ratio at which the parties should agree to trade.A. TrueB. False
Answer:
False
Explanation:
Opportunity cost is entirely a different process which helps to determine the cost someone is willing to bear. By comparing opportunity cost gains from the trade it is not possible to get the exact exchange ratio because opportunity cost just measures the range of options someone can take. Those options can lead to benefit for both the parties.
Financial markets are generally recognized as being semi-strong form efficient, which means
Answer:
The correct answer is letter "B": all publicly available information is reflected in current prices.
Explanation:
Within the Efficiency Market Hypothesis (EMH) the semi-strong market efficiency implies current stock prices reflect the public information made available in financial markets. According to this approach, the fluctuations in the stock price are the result of that information published and technical and fundamental analysis are useless in "predicting" stock price movements.