Answer:
b) Gail's Garments has been in business for 20 years and during that period the company has gained a good reputation. Gail would like the Controller to acknowledge the value of that reputation by including it as an asset worth $100,000 but the controller says she cannot do it.
Explanation:
Going concern is a concept in accounting which holds that a company is a going concern when it has the resources to continue in operation indefinitely and that it will not go bankrupt.
Applying the above meaning of 'going concern' to the given scenario, it can be seen that Gail's Garment has been in business for 20 years and has a good reputation to the point that it wants to reflect some value for 'goodwill' in its balance sheet.
Having operated successfully for 20 years, then the company has been a going concern. Generally, going concern issues are those that pertain to more than a period of 12 months.
An inaccurate county tax certificate failed to indicate the correct taxes due. Additional tax money due would be the responsibility of the:________.
Answer:
An inaccurate county tax certificate failed to indicate the correct taxes due. Additional tax money due would be the responsibility of the: COUNTY TREASURER.
An investigator planning to study behavioral changes during alcohol intoxication will pay subjects for 6 hours of testing that includes drinking a moderate level of alcohol consumption and completing several long, selfadministered written questionnaires. He plans to recruit
economically disadvantaged and homeless people. Which of the following is the most important for the investigator to address before submitting the protocol to the IRB?
A. Potential undue influence or coercion of subjects
B. Forms of advertising for subject recruitment
C. Literacy of research subjects
D. Method of payment to subjects
Answer:
C) Literacy of research subjects
Explanation:
Personally I believe that this experiment is simply unethical, but it might even be useless if the subjects are not able to read and write which would make it impossible for them to solve self-administered written questionnaires. It is like trying to carry on a research that requires driving a huge truck and using subjects who don't even know how to drive a car.
Artful Innovations Inc. operates with open channels of communication and an established suggestion system that encourages brainstorming and freewheeling discussions. Artful Innovations can best be described as a(n) ______ organization.
Answer: creative organization
Explanation:
Creative organizations are loosely structured. There is open communication between employees, freedom to discuss ideas and absolution of peripheral responsibilities.
Artful Innovations Inc. with its open communication and suggestion system, is a boundaryless organization, which promotes innovation, creativity, and adaptability, through a culture highlighting strategic alliances, streamlined structures, and team empowerment.
Artful Innovations Inc., described as having open channels of communication and an established suggestion system that fosters brainstorming and freewheeling discussions, can best be classified as a boundaryless organization. This type of organization is characterized by blurred boundaries within the organization and with external entities, fostering a culture of innovation, creativity, and adaptability. Typically, such organizations prioritize strategic alliances, modular structures, and self-managing teams, all aimed at promoting flexibility and responsiveness.
These organizations also tend to have a flatter hierarchy, where status distinctions are downplayed to enhance the flow of ideas and collaboration. Artful Innovations Inc. aligns with these principles, implying that they practice a culture that celebrates innovation and collective problem-solving – essential traits for adapting to contemporary demands for innovation and creativity.
Purchasing power parity (PPP) is a conversion that determines the equivalent amount of goods and services different currencies can purchase.
A. True
B. False
Answer:
Yes this is True because this conversion is used to capture the differences in cost of living between countries.
In San Francisco, the typical pay in the installation, maintenance, and repair occupation exceeded the national average by 44 percent. In Johnstown, Pennsylvania, the rate was 9 percent less than the national average. What do these statistics represent?
Answer: Relative pay differential.
Explanation:
Relative pay differential is earnings compared with earnings of others doing the same job.
4)A tennis pro charges $15 per hour for tennis lessons for children and $30 per hour for tennis lessons for adults. The tennis pro is practicing:4)A)first-degree price discrimination.B)second-degree price discrimination.C)third-degree price discrimination.D)fourth-degree price discrimination.E)fifth-degree price discrimination.
Answer: The correct answer is b). Second-degree price discrimination.
Explanation:
Price discrimination can be said to be practiced when different prices are charged for the same good or service. Three types of price discrimination exist– first-degree, second-degree, and third-degree price discrimination.
Second-degree price discrimination occurs when a company charges a different price for different quantities consumed. Such can be seen in situations of bulk purchases.
Answer:
C) third-degree price discrimination
Explanation:
-First-degree price discrimination is when a business has a different price for each unit consumed.
-Second-degree price discrimination is when a company has a different price for different quantities.
-Third-degree price discrimination is when a business has different prices for different segments of the market.
-Fourth-degree price discrimination is when a company has the same prices but has different costs.
According to this, the tennis pro is practicing third-degree price discrimination because he has different prices for children and adults which are different market segments.
If the salesperson for a paint manufacturer promised a purchasing agent that a certain brand of paint was mildew-resistant (when it was not), the salesperson:_______.
a. gave an expressed warranty.
b. resorted to collusion.
c. should have given further credibility to the statement by adding, "Let the buyer beware."
d. gave only an implied warranty.
e. none of the above.
Answer:
A. The salesperson gave an expressed warranty
Explanation:
An expressed warranty is a written or spoken word that guarantee that a product meets a certain needs, quality or reliability. However if the product fails to meet the stated quality or needs as said by the seller or manufacturer, he or she will be liable to replace the product or fix the product at no additional cost.
In relation to the question. The salesperson promising the purchased agent has automatically given an expressed warrant and will be liable to fix the product if the purchasing agent decides to take it up against him.
Costa Rica is a top exporter of coffee. The highest quality coffee is sold abroad, and the lower quality coffee is consumed by native Costa Ricans.Which of the following statements best describes the economic questions this paragraph addresses?1. For whom to produce? and What to produce?2. For whom to produce? and When to produce?3. How to produce? and For whom to produce?4. What to produce? and How to produce?
Answer:
whom to produce? and What to produce?
Explanation:
Costa Rica produces coffee. This answers the question of what to produce
High quality coffee is exported while native Costa Ricans consume low quality coffee. This indicates that coffee is produced for foreigners. This answers the question of for whom to produce.
I hope my answer helps you.
A society decides that it needs to produce more corn to feed the growing population. What must it do before it begins the production process? Analyze existing resources
Answer:
Perform an analysis on existing resources such as land availability, water availability, manpower, mechanization
Explanation:
The first thing required in such case is to first analyze the existing resources available to them to begin the production process. One factor to be considered is water availability. Do they have the available amount of water for irrigation purposes or for other purposes in the production process. Do they have available land area that can feed a growing population. They need to also check if they have adequate manpower and mechanization to engage in such large-scale production of corn.
Answer:
A
Explanation:
Lane Bryant is a women's clothing line, dealing exclusively in stylish clothing and flattering fits for plus-size women. Which business orientation best describes Lane Bryant's approach?
Lane Bryant's business orientation can be defined as Market Orientation. This is because they focus on the needs of a specific market segment, which in this case is plus-size women. Their specific product offerings are tailored to meet the needs and tastes of their target audience.
Explanation:The business strategy used by Lane Bryant, a women's clothing line, can be described as a Market Orientation. This approach is all about understanding the needs and demands of a specific audience and offering products to fit those needs. Lane Bryant, as discussed, focuses solely on providing stylish and flattering clothing for plus-size women. They have specifically identified a niche market segment and tailored their product offering to meet the uniquely defined requirements of this group, with their competitive difference being the special fit and aesthetic they offer.
For example, Abercrombie & Fitch trademarked the slogan "casual luxury" to market their slightly upscale, East Coast yacht club-influenced clothing line. This is a perfect example of how a brand can orient its business based on a clear understanding of its target audience.
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a) Market orientation best describes Lane Bryant's approach.
Market orientation focuses on understanding and meeting the specific needs and preferences of customers. Lane Bryant has tailored its offerings to cater exclusively to plus-size women, emphasizing stylish clothing and flattering fits that address the unique needs of this market segment. This approach involves researching and responding to customer preferences, trends, and feedback, rather than just pushing a standard product line.
Lane Bryant's commitment to providing fashion-forward options for plus-size women demonstrates its focus on aligning its products with the desires of its target market. By prioritizing customer needs and preferences, Lane Bryant effectively utilizes a market orientation to differentiate itself and serve its niche audience effectively.
The correct question is shown below:
Lane Bryant is a women's clothing line, dealing exclusively in stylish clothing and flattering fits for plus-size women. Which business orientation best describes Lane Bryant's approach?
a) Market orientation
b) Product orientation
c) Sales orientation
d) Production orientation
Book value per common share is computed by:
A. Dividing total assets by the number of shares outstanding.
B. Multiplying the number of common shares outstanding times the market price per common share.
C. Dividing stockholders' equity applicable to common shares by the number of common shares outstanding.
D. Multiplying the number of common shares outstanding by par value per share.
E. Dividing the number of common shares outstanding by stockholders' equity applicable to common shares.
Answer:
(C) Dividing stockholders' equity applicable to common shares by the number of common shares outstanding
Explanation:
Book value per common share is computed by dividing the net assets of the Company by the number of shares outstanding.
[tex]BV/share = \frac{Total Assets - Total Liabilities}{Number of Shares Outstanding}[/tex]
[tex]= \frac{Net Assets}{Number of Shares Outstanding}[/tex]
[tex]= \frac{Stockholders' Equity}{Number of Shares Outstanding}[/tex]
Book value per common share is computed by dividing stockholders' equity applicable to common shares by the number of common shares outstanding.
Explanation:The correct answer to this question is option C. Book value per common share is computed by dividing stockholders' equity applicable to common shares by the number of common shares outstanding. The book value per share represents the net worth of each common share of a company, indicating the value that shareholders would receive if the company were to be liquidated and all its assets sold.
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TBS Bikes has recently introduced a series of bikes called Surami. The core positioning of TBS Bikes is "speed." Surami is a five-gear bike, and apart from speed, the company promises to include other features such as safety, good performance, and pollution control features. This describes the ________ of the bike.
Answer:
D) value proposition
Explanation:
A good brand value proposition should state all the benefits of your product or service since it is the promise that your brand (or company) is delivering to potential or current customers in order for them to purchase your product or service instead of the competition's.
The description of TBS Bikes' Surami series with features like speed, safety, and pollution control showcases the product differentiation of the bike which sets it apart in the market.
The description of TBS Bikes' new series called Surami, which promises features such as speed, safety, good performance, and pollution control, is outlining the product differentiation of the bike. Product differentiation is a marketing strategy that businesses use to distinguish a product from similar offerings on the market. By highlighting unique features like the five-gear system, safety elements, and environmental benefits, TBS Bikes is creating a distinct identity for the Surami model that resonates with customers' desires for speed and responsible riding.
For the past five years, Mookie Consulting Services reported the following annual net income and dividend amounts:
Year Net Income Dividends
1 $ 22,000 $ 2,000
2 17,000 2,000
3 9,000 1,000
4 14,000 3,000
5 25,000 4,000
If Mookie had Retained Earnings of $88,000 at the end of year 5, what was the company's Retained Earnings at the beginning of Year 1?
Answer:
$13,000
Explanation:
Net income = retained earning Plus the dividends declared.
i.e., net income = retained earning + dividends.
Therefore, retained earning = net come - dividends.
To get retained earning at the end of year one:
Total net income
= 22,000 + 17,000, +9000, + 14,000, +25,000
=$87,000
Total dividends
=2000+2000+1000+3000+4000
=$12,000
retained earnings at year five
=$88,000
Beginning retained earnings = ending retained earnings − total net income + total dividends
=($88,000-87,000)=12,000
=$1000+12,000
=$13,000
On May 19, Easy Repair Service extended an offer of $123,000 for land that had been priced for sale at $141,000. On June 4, Easy Repair Service accepted the seller's counteroffer of $134,000. On October 10, the land was assessed at a value of $201,000 for property tax purposes. On February 5 of the next year, Easy Repair Service was offered $214,000 for the land by a national retail chain.
At what value should the land be recorded in Easy Repair Service's records?
Answer:
$134,000.
Explanation:
According to the rules of GAAP, the asset's value recorded in the books is the cost at which it was acquired. The recorded value becomes the assets book value. For tangible assists such as land, motor vehicles, and buildings, the book value will comprise the actual assets' cost plus all other acquisition related costs such as agents fee and surveys fee.
For easy service repairs, the price it paid was $134,000. It accepted the counteroffer, meaning it paid that amount for the land. No other related costs are mentioned. $134,000 is the book value for the land.
When ProFem Inc. caters to clothing, cosmetics, and toiletries markets for women, it is most likely using which type of segmentation?
Answer:
Demographic segmentation
Explanation:
Market segmentation can be defined as a market strategy where organization produces several products in accordance with the response from the target consumer. the products development type will depends on the target consumer which varies from location (geographic), culture, behavioral, population, income e.t.c
the type of segmentation Profem inc. used is Demographic segmentation because they based their market on women goods and services. their consumer is women.
Demographic segmentation is the aspect of segmentation that focuses on gender, age, family, population, culture, e.t.c
Final answer:
ProFem Inc. is using gender segmentation to market its products to women. This strategy targets the significant portion of households where women are the primary decision-makers for purchases, allowing for more effective marketing campaigns.
Explanation:
When ProFem Inc. caters to the clothing, cosmetics, and toiletries markets for women, it is most likely using gender segmentation. This marketing strategy involves dividing a market into subsets based on gender to tailor products and marketing efforts that appeal specifically to women. Gender segmentation enables companies like ProFem Inc. to create targeted campaigns that connect with their audience more effectively.
In the context provided, marketing companies are significantly interested in knowing the population percentage of women who make the majority of household purchasing decisions. This informs gender segmentation strategies for businesses that want to reach the key decision-makers in households for products ranging from cosmetics to household items.
The data from a survey mentioned, which found that in 120 out of 200 surveyed households, women made the majority of the purchasing decisions, substantiates the conclusion that targeting women in marketing initiatives can be a critical strategy for businesses like ProFem Inc. operating in markets traditionally associated with female consumers.
Interest paid by a corporation is a deductible operating expense, hence it decreases the firm’s taxes. A. True B. False
Answer:
True (A)
Explanation:
Interest paid which is also known as finance cost is deductible from operating income which reduces profit before tax i.e tax base and hence, reduces company tax liability.
Interest on loan is an allowable deduction in arriving at company taxable income unlike dividend which is not allowed.
The 1924 name change from The Computing, Tabulating, and Recording Company to International Business Machines was done in part to signal to the world the _____ in which IBM would operate, thus providing a clear, broad understanding of IBM's sector and organizational offerings.0
a. profit potentialb. corporate levelc. portfoliod. businesse. functional level
Answer: d. Business
Explanation: International Business Machine is a multinational IT consulting corporation. The name change to IBM was to signal an expanded business offering and services of the organization.
jDB Cars has launched a new range of premium cars in Lakamba. The citizens of Lakamba are extremely wealthy and often spend a lot of their earnings on premium cars and houses. In this scenario, the company is most likely using a(n) _____.
Answer:
Focus strategy
Explanation:
Focus strategy as the name implies involves focusing or concentrating an organization's resources on a geographic region or segment of the market, to meet the needs of customers in that segment, by providing products or services they need.
JDB cars, by focusing on the geographic region of Lakamba, and providing products (premium cars), to meet the needs of the citizens of Lakamba, is using a focus strategy.
On December 1, Marzion Electronics Ltd. has three DVD players left in stock. All are identical, all are priced to sell at $161. One of the three DVD players left in stock, with serial #1012, was purchased on June 1 at a cost of $113. Another, with serial #1045, was purchased on November 1 for $95. The last player, serial #1056, was purchased on November 30 for $88. Calculate the cost of goods sold using the FIFO periodic inventory method assuming that two of the three players were sold by the end of December, Marzion Electronics' year-end.
Answer:
$208
Explanation:
Using the FIFO Inventory method, inventory items are assumed to be sold in the order in which they were purchased from the earliest to the latest.
The order of purchase of the inventory items are.
Jun. 1, DVD Player 1012, $113
Nov. 1, DVD Player 1045, $95
Nov. 31, DVD Player 1056, $88
Therefore, if two of the three items are sold, the cost of goods sold is the cost of the first two items purchased
= 113 + 95 = $208.
Answer:
$208
Explanation:
In order to calculate the cost of goods sold using the FIFO periodic inventory method assuming that two of the three players were sold by the end of December, we will assume that the two DVDs sold were in accordance to the sequence in which they were bought.
FIFO as the name implies means first in first out.
Therefore the cost of sales will be the addition of the amounts for those two: The first, with serial #1012, was purchased on June 1 at a cost of $113.
Th second, with serial #1045, was purchased on November 1 for $95
Therefore $113+ $95 = $208
Which of the following best describes cost allocation? A. the assigning of direct costs to the chosen cost object. B. a factor that links in a systematic way an indirect cost or group of indirect costs to a cost object. C. a grouping of individual cost items. D. the assigning of indirect costs to the chosen cost object.
Answer:
D. the assigning of indirect costs to the chosen cost object.
Explanation
Cost allocation is best described as the assigning of indirect costs to the chosen cost object.
Cost allocation is a methodology in financial reporting that is used to spread or share common costs among departments, services or inventory items. it has to do with the identification of common costs and apportioning them among cost objects that have jointly benefited from them.
Johnny is organizing all the specifics for his parents’ 50th anniversary party. He has made contact with all the vendors, secured the location, and created a weather contingency plan. Johnny is participating in:
answer choices
planning management.
project management.
quality management.
time management.
Answer:
Project Management
Explanation:
Project management represents all processes involved when you initiate, plan, execute, control and close the activities of a team put together purposely for the attainment of a specific goal or the success of a specified event especially within a specified time period.
Planning management, quality management and time management are all concepts that can be found within the umbrella of project management. Planning is a process, quality management speaks to ensuring the specific goal is achieved satisfactorily and time management ensures that the project execution is done within the specified time limit.
Johnny's parents' 50th anniversary party is a project and all that is involved are part of project management. Therefore, Johnny is participating in project management.
What is a tangible symbol that communicates the features, benefits, and advantages of a particular product to consumers?
A ___ is a tangible symbol that communicates the features, benefits, and advantages of a particular product to consumers.
Answer:
A brand logo is a tangible symbol that communicates the features, benefits, and the advantages of a particular product to consumers.
Explanation:
Logo can be defined as any symbol that is said to represent any particular brand and also depicts the features of that given brand. Many companies often succeed in showing the advantages and benefits of the products in the logo. It is tangible because we can see the image and design and sometimes can touch the image as well. A well-known example of a brand logo is that of e-commerce company Amazon, which in its logo depicts that the company sells everything from A to Z with the help of an arrow below the alphabets A and Z of the word AMAZON. Therefore, the correct answer to the question is the brand logo.
A "brand"". is a tangible symbol that communicates the features, benefits, and advantages of a particular product to consumers.
A brand is indeed a tangible symbol that communicates the features, benefits, and advantages of a particular product to consumers. It serves as an identifier that differentiates a product or service from its competitors and can encompass various elements such as logos, colors, names, and packaging designs.
Brands are crucial in marketing as they create an image in the minds of consumers, often conveying a certain level of quality, credibility, and experience associated with the product or service.
Brands are not just visual symbols; they also embody the reputation and the emotional and psychological relationship that consumers develop with the product, company, or service. This relationship can be based on a promise of quality, the lifestyle the brand represents, or the values it embodies. Effective branding can lead to customer loyalty, brand equity, and a competitive advantage in the marketplace.
In summary, a brand is a powerful tool that encapsulates the essence of a product and communicates it to the target audience, influencing their purchasing decisions and perceptions of the product's value."
College football attendance, especially student attendance, has been on the decline. In 2016, home attendance at major college football games declined for the sixth consecutive year and was the lowest since 2000. The opportunity cost of engaging in an activity is the value of the best alternative that must be given up to engage in that activity. Source: Jon Solomon, "College Football Attendance in 2016: Crowds Decline for Sixth Straight Year," cbssports, December 16, 2016. Your opportunity cost of attending a game compared with the opportunity cost facing a college student 10 years ago is:________ A. higher, because more games are televised today. B. higher, because the cost of cable TV is higher today. C. lower, because of social media. D. lower, because games are usually viewed on high-definition television today. Can this change in opportunity cost account for the decline in college football attendance? Briefly explain. A. No, because the price of the game ticket is the only thing that matters. B. Yes, because these changes increase the opportunity cost of watching football games in person. C. Yes, because sports fans are rarely rational. D. No, because opportunity costs do not involve an actual payment of money. g
Answer:
Your opportunity cost of attending a game compared with the opportunity cost facing a college student 10 years ago is:
A) higher, because more games are televised today.
Opportunity costs are the cost of choosing one alternative from another.
In this case, when college students attend college football games they are unable to do other activities, not only while they are at the stadium or going to the stadium, but they are not able to purchase other goods. The cost of those alternatives that are lost are higher now because many college football games are televised now, before if you wanted to see a game you had to go to the game. So a student is now able to watch the game while doing other activities, or saving money for buying something else.
Can this change in opportunity cost account for the decline in college football attendance?
B) Yes, because these changes increase the opportunity cost of watching football games in person.
Even though opportunity costs do not involve actual cash payments, they are still important and individuals do consider them when they are choose one option over another. E.g. imagine if you had to choose between spending a considerable amount of money by attending a game (ticket, gas, beverages, etc.) or watching that game on TV and buying a few clothes instead or going on a date, etc. What option would you choose?
The opportunity cost of attending a college football game compared to 10 years ago is higher, primarily due to the increased cost of cable TV. This change in opportunity cost can partially account for the decline in college football attendance.
Explanation:The opportunity cost of attending a college football game compared with the opportunity cost facing a college student 10 years ago is higher, because the cost of cable TV is higher today. This is because today, more games are televised and have a higher cost associated with cable TV. Additionally, the decline in college football attendance can be attributed to the increase in the opportunity cost of watching football games in person due to changes in technology, such as the availability of high-definition television and the rise of social media.
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High-risk insurance pools in some states allow drivers with poor driving records to obtain minimum coverage at a lower cost than would otherwise be offered by a private insurer. True or false?
Answer:
True
Explanation:
It is true that high-risk insurance pools in some states allow drivers with poor driving records to obtain minimum coverage at a lower cost than would otherwise be offered by a private insurer. High-risk drivers can only get insurance through the shared market plans if they are unable to obtain insurance.
Which of the following pizza firms competing in a crowded market likely offers the best value proposition to its customers, based on the following sales pitches?A. Firm A: "The Tastiest Pizza You've Ever Had." B. Firm B: "Get fresh, hot pizza, delivered under 20 minutes-or it's free." C. Firm C: "Get your pizza at your doorstep-absolutely free delivery, anywhere." D. Firma D: "One pizza, 5 points to be redeemed with a pan pizza upon reaching 50 points." E. Firm E: "Open you pizza box and find a free gift. Hurry! Free gifts for 100 lucky customers."
Answer:
B. Firm B: "Get fresh, hot pizza, delivered under 20 minutes-or it's free.
Explanation:
To attain a competitive advantage over the market, the company should make marketing strategies so that it could maximize its sales through which it can achieve its profit targets.
The customers could be attractive with the quality of products and services the company offers
In the given scenario, the customer wants the fresh plus hot pizza at the minimum time so that the customer can be fully satisfied with the amount he/she spent
So, the appropriate option is B.
Answer:
it is answer b
Explanation:
Here are three things you could do if you do not attend your economics class, watch television with some friends, read a good novel, or go in to work. The opportunity cost of going to your economics class is:________.
a. $20, because this is the only alternative of the three where you actually receive a monetary payment.b. $13, because this is the lowest valued alternative forfeited.c. $25, because this is the highest valued alternative forfeited.d. $58, because this is the total dollar sum of the alternatives forfeited.
Answer:
.c. $25, because this is the highest valued alternative forfeited
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
If I attend my economics class, the $25 I would be missing out on is the opportunity cost because it is the highest valued alternative (which indicates that it is the next best option) I forfeited.
I hope my answer helps you
Who lowered interest rates on government bonds in order to create a fund to pay an annual sum to the survivors of the emigres who forfeited land, restored the rule of primogeniture, and enacted a law that punished sacrilege with imprisonment or death?
Answer:
Charles X
Explanation:
Charles X was a king of France between 1824 and 1830 and for the greater part of his life was known as the Count of Artois. During his reign as king, Charles X, whose full name is Charles Phillipe, lowered interest bonds to create funds to pay survivors of the emigres who forfeited their lands. He also restores primogeniture(the right of succession of the throne by first borns). He also enacted the law of death or imprisonment for sacrilege in his support of the Roman Catholic Church.
Cheers.
The nation of Hillyland is initially self-sufficient in coffee and rice, and so is Flatland. Coffee grows best on hilly land, while rice grows best on flat land. Suppose each nation decides to specialize in the most suitable crop, and trade with the other nation for the other product. Discuss the trade-offs: who wins, who loses, and how long do the losses persist?
Answer:
Both Hillyland and Flatland will be better off in a win-win solution if they engage in comparative advantage.
Explanation:
Suppose each nation decides to specialize in the most suitable crop, and trade with the other nation for the other product, the trade-offs will be the products they supposedly can produce but do not have comparative advantage in. For Hillyland it will be rice and for Flatland it will be coffee.
When both nations practice comparative advantage there will be no losers because economic theory suggests that, when countries practice comparative advantage, the sum total of their combined output will be greater than if they had produced all products themselves because they wanted to be self sufficient.
The logic is simple, goods are less costly to produce in a country that has comparative advantage and at the end they could be sold cheaper to the country that traded it off.
An employer instituted a wellness program for all employees. The wellness program includes an exercise facility and several pay incentives for losing weight, quitting smoking, or beginning an exercise program. The program is not required under any state or national laws. Which of the following schools of social responsibility applies to this employer?
a. inherence school.
b. enlightened self-interest school.
c. invisible hand school.
d. social responsibility school.
Answer:
Option "B" is the correct answer to the following statement.
Enlightened Self-interest School.
Explanation:
Enlightened self-interest is an ethical principle which states that individuals who act to promote the interests of everyone else, or the interests of the group or groups to something that they belong, inherently act in their interests.
Employee wellness programs are plans, about health insurance, a form of medical benefit that many workers provide – in one sort or the other. Defining a wellness program is a system to help employees remain healthy, or helps them improve their quality of life in some cases.A nurse is teaching a parent about the safety measures to be taken at home. Which statement made by the parent requires further teaching?
Answer:
Statement 3 - I lock my medications in the store cabinet.
Explanation:
I lock my medications in the store cabinets indicates further teachings
Which prevents easy access by toddler who can mistakenly ingest doses of drugs that is dangerous to their health so parent that makes such statement shows awareness and understanding of home safety around toddlers.