When goods and services are produced at the lowest possible​ cost, ________ occurs.
a. efficient central planning
b. equity
c. allocative efficiency
d. productive efficiency?

Answers

Answer 1
The answer is D!
Thanks (:
Answer 2

When goods and services are produced at the lowest possible​ cost, productive efficiency occurs. Thus, option 'D' is the correct option.

What is productive efficiency?

Production efficiency is a word used in economics to describe the point at which an economy or other entity can no longer produce more of one item without reducing the level of production of a different one. Productive efficiency is concerned with the best way to produce commodities and how to do so efficiently.

The most efficient distribution of commodities and services is what allocational efficiency is all about. To establish the maximum capacity or output, that manufacturing and production businesses may accomplish with their present assets, production efficiency is crucial. It aids them in determining whether they are using their resources as effectively as possible so they can identify any areas for improvement.

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Related Questions

Carlos confronts jane with the discrepancy between his own salary and those of the newly hired managers. from a management perspective, what forces do you suppose jane is dealing with? social forces political forces economic forces both social and economic forces

Answers

The confrontation of Carlos towards Jane because of the discrepancy between his salary and also of those who are newly hired had connected in a management perspective that they are dealing with forces such as the social and economic forces because their issue is being affected by these two forces, in which it will be a contributing factor of how the issue has happened or occurred.

Answer:

The correct answer is letter "D": both social and economic forces.

Explanation:

From the management perspective, Jane will be facing a social issue at first since Carlos is bringing up the difference between how they are treating him and others. As the topic itself is the salary, it also represents an economic issue since Carlos is being affected by the actions taken by the company giving better payments to newly hired executives.

The shrimp harvest was unusually good this year. the demand curve did not shift from last year, but because of the abundant harvest, the price fell from $100 per sack to $85 per sack. the price elasticity of demand for shrimp is -1.40. what happened to the total revenue of the fishermen? choose the closest answer. (hint: the percentage c

Answers

Since the shrimp harvest was plentiful, the supply curve will shift to the right on the graph. Usually with a supply increase, the price will drop. The price elasticity is greater than the absolute value of 1. That means that the demand for shrimp is elastic. Thus, more people will buy more shrimp if the price is lower. Total revenue for the shrimp industry should increase. Even though price decreased, revenue grows due to the increase in quantity because it is elastic.

Why is return on investment (roi) the most commonly used financial performance measure quiz?

Answers

BECAUSE IT POLBLY HARD SO JUST GO WITH IT

How can conflicts between the interests of stakeholders be resolved by a corporation's management?

Answers

A corporation is really a macrocosm of a family. The parents must look at themselves and each child to determine how money and time is spent. Often families sit together and discuss issues to come up with a resolution that each family member agrees to. The kids get to give their ideas too. A corporation really just needs to look at themselves as a huge family. The first thing management needs to do is determine the wants and desires of each group of stakeholders. This can be done in forums, surveys or small group meetings. This gives management a better picture of what is wanted as well as giving voice to stakeholders; some of whom would otherwise feel marginalized. The next task would be to put together a small team representing each of the stakeholder groups as well as representatives of corporate management. They would be presented with the results of the forum/survey/meetings. A third party facilitator should be present and guide the team in discussing each stakeholder interest. The initial meeting(s) would be information gathering and a chance to see issues from each stakeholder group's perspective. Subsequent meetings would then discuss and brainstorm ideas to reach compromises that benefit each group. Remember that a compromise is a win win scenario in which all parties give a little to get a little. Most decisions and agreements in life are not black and white, but shades of gray. Each group of stakeholders must be willing to step into the gray zone and not expect everything they desire. The idea of including stakeholders in the decision making process makes each group feel they are being heard. It also improves the chances of success in actions decided because of mutual buy-in by all stakeholder groups. This is why families use this approach especially in dealing with family rules. After a reasonable amount of time, which will depend upon the issue, the situation should be analysed to see if tweaks need to be done. The team could meet again or another team selected to see what new ideas could be generate.

Corporate management can resolve stakeholder conflicts by engaging in conflict management, stakeholder engagement, and effective corporate governance to balance competing interests and seek mutual benefits.

Conflicts between the interests of stakeholders within a corporation can be complex and seemingly intractable. However, these conflicts can be addressed satisfactorily by focusing on the different interests involved and implementing conflict management strategies.

Stakeholders such as employees, customers, governments, and investors often have competing interests. For example, while employees seek higher wages and benefits, investors may demand higher returns, which can lead to cost-cutting measures such as layoffs.

To address these conflicts, corporate management must engage in proactive stakeholder engagement to understand the diverse perspectives and find a balance between them. This might involve negotiating compromises, fostering cooperation, and seeking innovative solutions that provide mutual benefits.

Effective corporate governance plays a crucial role in overseeing these processes and ensuring that management acts in the best long-term interests of the corporation and all stakeholders, notwithstanding the company's obligation to maximize profits.

The decision-making process can be facilitated by creating forums for stakeholder dialogue, where competing values and policies are openly discussed. This approach can lead to greater mutual understanding and agreement on decisions, ultimately aligning the corporation's actions with sustainable and equitable management practices.

The inclusion of a broad range of stakeholder voices, from employees to environmental interests, can contribute to more effective and accepted outcomes.

​________ is a​ marketer's tool in assessing products in terms of suitability for a market.

Answers

Surveys. Marketers can gather a rather accurate and broad account of the products they offer through surveys because the data size can be extremely large. Incentives can be offered so the surveys can be answered truthfully.

Rikan inc.'s credit sales for the year 2016 are $5,000,000, and its gross profit is $1,500,000. the company’s average inventories are $595,000. its average accounts receivable is $750,000 and average accounts payable is $640,000. from this information, calculate the company’s cash cycle. (round the answer to one decimal.)​

Answers

Given:
credit sales for the year 2016 are $5,000,000
gross profit is $1,500,000
average inventories are $595,000
average accounts receivable is $750,000
average accounts payable is $640,000.

Formula:
Cash Conversion Cycle = DSO + DIO – DPO

DSO: days sales outstanding = Average Accounts Receivable × 365 ÷ Credit Sales
DIO: days inventory outstanding = Average Inventories × 365 ÷ Cost of Goods Sold
DPO: days payables outstanding = Average Accounts Payable × 365 ÷ Cost of Goods Sold

DSO = (750,000 * 365) / 5,000,000 = 54.75 
DIO = (595,000 * 365) / 3,500,000 = 62.05
DPO = (640,000 * 365) / 3,500,000 = 66.74

Cost of Goods Sold = Sales - Gross Profit = 5,000,000 - 1,500,000 = 3,500,000

Cash Conversion Cycle = DSO + DIO – DPO
CCC = 54.75 + 62.05 - 66.74
CCC = 50.06

The company’s cash cycle is 50.06 days.

Which type of consumer decision-making process will most likely result in an impulse buy?

Answers

Limited problem-solving is a decision-making process used by consumers when they make impulsive purchase, or one that is unplanned. When using this process, the customer has no motivation to seek out additional information about alternative products or make aggressive evaluations in comparison. Instead, they come to the decision to make the purchase using basic and simple rules. Questions that are answered with the purchase of that product are based on a simple need or want.

the correct answer is option 3. The type of consumer decision-making process that will most likely result in an impulse buy is the habitual decision making. This process is characterized by a consumer's spontaneous and emotional response to a product that leads to a purchase without prior planning.

Impulse buys are driven by the fast mode, which seeks quick satisfaction. Here are key elements:

Emotional Response: Consumers react emotionally to the attractiveness or curiosity of a product.Lack of Planning: The purchase occurs without any intention or pre-planning.External Triggers: Sales, promotions, or a simple visual appeal can trigger this process.Instant Gratification: The decision is heavily motivated by the desire for instant rewards.Understanding this decision-making process is crucial for businesses aiming to influence purchasing behavior, as spontaneous decisions can significantly boost sales through strategic marketing and product placements.

Complete question-

What type of consumer decision -making process will most likely result in an impulse buy?

Multiple Choice

limited problem solvingextended problem solvinghabitual decision makingcomposite segmentationutilitarian shopping

A recent study of 100 employees from six departments of a major corporation found 65% to be sleep deprived. the researchers concluded that the majority of corporate employees are sleep deprived. the researcher’s conclusion is suspect because it

Answers

They only get employees from one major corporation - what if that corporation had abnormally large workloads for employees?

When did american business begin to concentrate on customer needs why?

Answers

American businesses began to be more interested in the needs of their customers due to the increase in the competition between merchants and the demand of quality by the consumer which forced the merchants to pay more attention to consumer needs rather than their own necessities as an entrepreneur, since if the consumer does not need a product, then it is not commercially viable. Since the 1950's the increase in consumption has had a direct impact on entrepreneurs, business owners, and markets.

One of the primary weaknesses of many financial planning models is that they

Answers

ignore the size, risk, and timing of cash flows.

Bill's organization expects 50% of profits to be generated by products that did not exist five years ago. What is the nature of the programs that the organization's managers are likely to follow?

Answers

If these are the missing choices:
A) short-term
B) risky
C) innovative
D) expansionary

My answer is C. INNOVATIVE. 

Innovative is defined as an adjective that may refer to a person who introduces new ideas that are original and creative. It may also refer to a product, service, or idea that features new methods or designs that help advance our technology unlike no other. 

Since Bill's organization expected to derive a 50% profit from products that did not exist five years ago, it is safe to assume that Bill's organization was the one to innovate and launch the product. 

Because of declining juice sales, the managers at tropicana decided to try something new. in addition to selling tropicana orange juice, they will introduce tropicana orange ice cream and tropicana orange chewing gum. these new products can be referred to as:

Answers

The new products can be referred to as line extensions. Line extensions is a way of having a new item in the same category and having to name its brand name. It is seen in the scenario above where they try a new product under the same category.

When working on a suspended scaffold 10 feet or higher above the working surface, or in a bucket truck or aerial lift, what safety device should you wear?
A. Personal Fall Arrest System
B. High Visibility Gear
C. Steel-toed Boots
D. Gloves

Answers

The answer is "A. Personal Fall Arrest System".


A personal fall arrest system is one choice of insurance that OSHA requires for laborers on building locales who are presented to vertical drops of 6 feet or more and is required for use by all representatives working from a lifted position that represents a fall hazard.  

As of January 1, 1998, body belts are not worthy as a feature of a personal fall arrest system, since they force a risk of interior wounds when ceasing a fall.

Answering the question, when working on a suspended scaffold 10 feet or higher above the working surface or in a bucket truck or aerial lift, the safety device you should wear is Personal Fall Arrest System. This implies the correct answer is A.

A personal fall arrest system is a system that a worker or employer used to give protection in any fall arrest event.

Further Explanation

A personal fall arrest system is one of the major types of fall arrest. Also, the major common fall arrest in a working environment is a personal fall arrest system.

There are three main components of a personal fall arrest system.

These component include:

Anchor: it is a fixed structure; it also contains an anchorage connector that holds other components of the personal fall arrest system.Body wear: it is full-body protective equipment also called harness. The harness protects workers from damage or injury.Connector: it is a personal fall arrest subsystem component. It is used to connect the harness and anchorage. An example of a connector is Lanyard, a lanyard is a cord that is worn around workers' neck or shoulders, and it is used to keep items such as ID cards.

Other elements of fall arrest also include

Deceleration device: it is a very important subsystem component. It used to dissipate forces linked with fall arrest occurrence.Emergency plan and equipment: it is a clear procedure towards rescuing a suspended work in case of any fall arrest event

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KEYWORDS:

personal fall arrest systemscaffoldbucket truckaerial liftsafety device

In considering the level of assistance a client needs, the agency will:

Answers

Adjust the amounts of everything so that the client's preferences and assistance amount will be perfectly suited

Drag each task to the appropriate column based on whether it is a task that embedded computers do or do not perform.

Answers

Final answer:

Embedded computers are designed for specific tasks within larger systems, performing tasks including data processing and control functions. They typically don't perform tasks unrelated to their specific function—like web browsing. So, sort tasks according to whether they align with these uses.

Explanation:

An embedded computer is a computer that is designed to perform specific tasks or functions. It is typically embedded in another device and forms part of a larger system, often providing the critical computing functions for that system. Examples include controllers in vehicles, medical devices, home appliances, and industrial equipment.

Tasks that embedded computers commonly do include: processing input data, controlling mechanical or electronic components, performing control functions, providing user interfaces, and managing communication. Tasks that an embedded computer wouldn't typically perform are those not directly associated with the specific function they've been designed for—for instance, web browsing or word processing.

Dragging and dropping tasks into columns based on whether an embedded computer would perform them requires considering if the task directly relates to the function of the system the embedded computer is part of.

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George has to present the goals of information management to his team member. What is a goal of information management?

Answers

The goal of information management is to identify information requirements for various  management  levels.

Final answer:

Information management goals include ensuring data security, improving efficiency, and enhancing decision-making.

Explanation:

One goal of information management is to ensure the security and confidentiality of data. This involves implementing measures such as encryption, access controls, and regular backups to prevent unauthorized access and data loss.

Another goal is to improve the efficiency of information flow within an organization. This can be achieved by implementing systems and technologies that streamline communication, automate processes, and provide quick and easy access to relevant information.

Additionally, information management aims to enhance decision-making by ensuring that accurate and timely information is available to managers and other decision-makers. This involves gathering, analyzing, and presenting data in a meaningful way, enabling informed decision-making.

Emily has used this file format many times, as it is suitable for photographs, and highly compressed, which makes it a good idea when file storage is at a premium. what is this format?

Answers

JPEG There are a lot of different file compression formats that are usable for images, but the most likely one Emily is using is JPEG. The amount of compression you can get from JPEG is configurable as an input parameter where you can get more compression by losing more fine detail. At moderate levels of loss, you can get extremely high compression ratios. One of the major problems is that JPEG does not do well when you expand a compressed image, edit it, then compress the edited result. Because of this, for picture editing purposes, a lossless compression format is recommended for original images that may be edited in the future.

​the employees of a company feel that rewards are fairly allocated. this illustrates _____.

Answers

Distributive Justice

Why do executives and managers spend more time listening than do workers?

Answers


Executive and managers spend more time listening than workers because at the end of the day, they are the ones who have to make the final decision. Weighing all the option and decision-making tend to have the best results for the organization. Executives and managers gather insights and opinions of their subordinates, before making the decision.

The executive and manager spend more time listening than do workers because all the decisions are taken by the executive and managers.  

Further Explanation:

Executive and managers are the top level of management, the manager takes all the decisions related to the company. The decision related to finance, investment, increase capital, open a new subsidiary, industry-related issues, and workers issues. All the decisions have taken by the executive and manager.  

The executive and manager should listen more to take an appropriate and correct decision which may increase the value of the profit. The manager and executive should responsibility for all the party's points of view to take a good decision. The manager should take into consideration of all the prospective parties, the decision may affect the parties.

Workers have to manufacture the good only, they do not need to listen more. As they already know about how many units, they have to manufacture in a particular time period. The responsibility of a company does not in the hands of workers. The responsibility of the company does in the hands of executives and managers.  

In the hierarchy of manager, workers belong to the bottom level of the manager and the executive and manager belongs to the top level of managers.  

Learn more:

1. Learn more about moral values

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2. Learn more about the position in the organization

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3. Learn more about decision-making theory

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Answer details:

Grade: Middle School

Subject: Management

Chapter: Level of Managers

Keywords: executive, manager, spend, more, time., listening, workers, decisions are taken, top-level, bottom level, appropriate and correct decision, responsibility.  

When there are television commercials for the ford focus, television is the _____?

Answers

Media platform, or, means of delivering commercial content to an audience. Media platforms come in a variety of shapes and sizes. For example, newspaper, radio, television, or podcasts are all media platforms. This classification applies regardless of the content, so despite the commercial being commercialized media meant to feed into consumerism, it still persists that television is the platform through which that content reaches the consumer.
Final answer:

Television is the advertising platform or medium used for Ford Focus commercials.

Explanation:

In the context of television commercials for the Ford Focus, television is the advertising platform or medium. Television advertising is a highly effective way for companies to promote their goods and services, as it allows them to reach a wide audience and target specific demographics. Advertisers can utilize data gathered by network and cable television companies to tailor their advertising to the viewers' preferences and interests.

For example, when Ford advertises the Ford Focus on television, they are using television as a medium to showcase the car's features and benefits to potential customers. The television commercials aim to capture viewers' attention and influence their purchasing decisions.

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A salesperson is trying to sell you a phone that has 16gb of memory saying, “that’s enough space to record an hour of high quality video!” this salesperson is probably wrong, but in which direction? would you have more than enough memory or not enough?

Answers

more than enough because a high quality is 312 kilo bytes per second so 312 times 60 times 60 would equal 1123200
A 16GB memory has the capacity to hold much more than an hour of high quality video. The quality of a video determines how much space it will occupies. An average top quality video can not be more than 3.6 GB in size. This means that, a 16 GB memory will hold more than fours hours long video recording. It can be much more than this is the video is of low quality.

In an organized sales dialogue, the salesperson's ability to develop a customized solution is heavily dependent upon:

Answers

he salesperson's ability to listen and speak convincingly during needs discovery

"james is employed by the university. yesterday he fell outside of his office due to water on the floor. he broke his leg in two places. what type of health care plan will cover​ james' expenses?"

Answers

Answer:  "worker's compensation" .
___________________________________________________
Final answer:

James' broken leg due to a fall at his workplace should be covered under Workman's compensation insurance, which covers injuries that occur on the job, and would be the primary source of coverage for this work-related injury.

Explanation:

Based on the scenario provided, James' medical expenses resulting from the injury he sustained at work should be covered by Workman's compensation insurance. Employers contribute to state-run funds which are set up to cover injuries that occur on the job. James' broken leg, incurred from falling due to water on the floor outside his office at the university, would typically qualify as a work-related injury. Therefore, even if James has health insurance, either through a private healthcare plan or a public healthcare option, workman's compensation would be the primary source of coverage for the injury sustained at work.

It is important to note that health insurance plans often come with a deductible, copayments, and sometimes coinsurance. Private health insurance is usually classified as either employment-based, provided by employers, or direct-purchase insurance, which individuals buy directly. In James' case, depending on his university's health care plan, he may have different costs associated with outpatient visits and medical tests once the workman's compensation coverage for the injury itself is addressed.

Suppose that the government has raised by​ $10 a​ per-carat tax rate it imposes on diamonds in an effort to influence production of this particular good by each of the firms that produce it and purchases by individual consumers. would we apply microeconomic or macroeconomic analysis to analyze this policy​ action?

Answers

I think we should use macroeconomic analysis to analyze it. 
Macroeconomic analysis is used to analyze the policies that affect the economy on nation-wide level.
The tax rate that imposed by the government will definitely affect the total Gross Domestic Product for diamonds and affect the nation's economic scale.

A blue ocean strategy tends to be successful only if a firm is able to rely on a _____ that allows it to reconcile trade-offs.
a. value driver
b. value innovation
c. product feature
d. product complement

Answers

This only works if the company can use value innovation. This concept allows for a company to create something that differentiates itself from the rest of the market as well as lowering the costs required to create that product. By doing so, the company can create products that are not offered by any competitors, creating value for the customer.

When asking data owners questions to determine how sensitive or critical their data is, you should ask what type of question to get unbiased answers?

Answers

Open-ended questions should be asked. These questions allow for the respondent to elaborate of their own free volition, instead of asking leading questions that might be perceived as having bias or be looking for a specific answer.

Answer:

How relevant is this information to my topic?

Explanation:

So research work is relevant when it brings something new to an established body of knowledge, or when it is against those views. Of course the work should be researched in all its relevant existing research work. So it representable, and from that basis it becomes more relevant.

If a drought ruins a significant amount of the coffee crop, then we would expect the price of

Answers

If a drought ruins a significant amount of the coffee crop, it is expected that the price of the coffee will rise. It is because if there are less products or the less it produces, it causes the product to rise because the product will be of demand by the consumers.

A business buyers purchase process ends with:

Answers

I would see the process ends with the receipt of the goods. I used to work for a large open pit mine and go to the purchasers for buying materials for drilling etc and there would be first the requisition, then the purchaser would contact the seller or client and order the goods, then they would be purchased with the right account and finally received.

True or false: the market for public utilities, like gas and electricity, does exhibit the two primary characteristics that define perfectly competitive markets.

Answers

The statement above is FALSE.
The market for public utilities tends to be monopolistic in nature, that is, there is one producer and many consumer. The entry barrier is usually high and a single manufacturer always act as the price d.eterminator. 
In a perfectly competitive market, there are many producer and many consumers and all of them determine the prices of commodities.
Final answer:

The market for public utilities does not display the characteristics of a perfectly competitive market; it is more akin to a natural monopoly due to the high costs and inefficiencies of duplicated infrastructure. They often have regulated or limited competition and the power to set prices. Real-world markets, including public utilities, often require government intervention to provide public goods effectively.

Explanation:

The market for public utilities, such as gas and electricity, does not exhibit the two primary characteristics of perfectly competitive markets. These characteristics are: (1) the product offered is a homogeneous commodity, and (2) market participants are price takers due to the high degree of competition. Public utilities are considered examples of a natural monopoly, where the high infrastructure costs and the impracticality of having multiple sets of utility lines make competitive markets less efficient.

Public utilities, therefore, typically operate in an environment with reduced competition, where a single provider or a limited number of providers serve a market. These providers often have significant control over the pricing and supply of their services, contrary to perfect competition principles.

Moreover, public goods, such as national defense or environmental quality, which are nonexcludable and non-rival, often require government intervention or other collective measures to ensure that they are provided effectively, addressing the free rider problem. The nature of public utilities and public goods showcases that real-world markets often deviate from the theoretical efficiency of perfect competition.

"how long will it take to double your savings if you earn 7.2 percent interest, compounded annually?"

Answers

Formula of Comound Interest will help you. Here is the formula : So : savings you placed Sf : savings you get after years r : rate n : years Sf = So x (1+r)^n Here we try to get "n" so that Sf = 2So. "n" is a math power, if you want to get it, you should use Logarithm and transform the equation : Sf - So = (1+r)^n Then, you isolate "n" and by doing that, every other equation's terms will be expressed in Logarythm : n = (log sf - log so) / (log 1 + r) Example : you have 10$, you want 20$ with 7.2% interest (Any other amount will match) : n = (log 20 - log 10) / (log 1.072) n = 0.301029 / 0.030195 n = 9.9696 You will need 9.9696 years. So (0.9696*365)/1 = 9 years, 11 months and 19 days.
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