Answer:
C. There are many references and readers are unlikely to check details of sources.
Suppose Spain produces only cars and trucks. The resources that are used in the production of these two goods are not specialized—that is, the same set of resources is equally useful in producing both trucks and cars. The shape of Spain’s production possibilities frontier (PPF) should reflect the fact that as Spain produces more trucks and fewer cars, the opportunity cost of producing each additional truck:
A. increases
B. decreases
C. remains constant
positive parenting focuses on teaching children rather than making them pay for their mistakes.
In today's manufacturing operations, managers often monitor capacity, order status, and product quality ________ made.
Final answer:
Modern manufacturing operations monitor capacity and product quality during production, using just in time delivery for efficient supply chains and immediate quality control. Assembly lines and task specialization have increased manufacturing efficiency. Global assembly lines also illustrate the complexity and international nature of modern production.
Explanation:
In today's manufacturing operations, managers often monitor capacity, order status, and product quality as products are made. This approach has evolved significantly since the adoption of the just in time delivery system in the 1980s. Originally popularized by Japanese car manufacturers, this system minimizes warehousing needs by having suppliers located within a day's drive from the main assembly plants, delivering parts daily to facilitate immediate quality control and reduce inventory costs.
The transformation of factory production has also seen the implementation of assembly lines, where workers complete only specific steps in the manufacturing process. These changes have led to more efficient and sped-up production of goods. With the advancements in technology and management, today's manufacturing is highly efficient and constantly seeking to improve throughput and quality.
Furthermore, the globalization of supply chains has resulted in global assembly lines, highlighting the intricate nature of modern manufacturing. Companies like Apple coordinate design, component manufacture, and assembly across several countries to optimize production and minimize costs while focusing on product consistency and worker efficiency within a mechanized work environment.
What is not true about bartering?
which is an example of an economic factor that affects the business environment ?
Good weather is an example of a natural condition that can affect the supply of agricultural goods by improving crop yields, which in turn impacts the business environment.
Explanation:An example of an economic factor that affects the business environment is changes in weather or climate conditions. These changes can significantly influence the cost of production, particularly for agricultural products. For instance, good weather can improve crop yields, thus increasing the supply of agricultural goods in the market. Conversely, poor weather, such as droughts or floods, can decrease supply, leading to higher market prices. Businesses need to consider these fluctuations when planning their production cycles and pricing strategies.
Other factors that also affect supply include changes in the prices of inputs, advancements in production technology, and certain government policies that can either facilitate or hinder production processes, thus impacting the business environment.
What is a federal and/or state tax on specific goods like gasoline, tires, airfare, or cigarettes?
excise tax, which is a federal and/or state tax on specific goods such as gasoline, tires, airfare, and cigarettes.
E-mail allows business professionals to _____.
a. send a message electronically
b. create a technical drawing of a building
c. scan a barcode
d. create a slide show
the duck says send a message electronically :v
Electronic mail, also known as email or e-mail, is a form of interperson communication that happens over electronic devices. Therefore, option A is the best one.
What is E-mail ?Email is available worldwide.Email is a possibility.
All computer networks, primarily the Internet and local area networks, have access to email. today I sent an email The foundation of systems is the store-and-forward model. Email servers deliver, store, forward, and receive emails. Users do not need to be simultaneously online on their computers in order to send or receive messages; they simply need to establish a connection to a mail server or webmail interface.
When "mail" solely referred to physical mail in the past, email was developed as its electronic (digital) counterpart (thus the prefix e- + mail).
An email account is now widely seen as an essential and important component in many areas of business, trade, government, education, entertainment, and other facets of daily life in most countries. Later, email became a common (very well-liked) form of communication.
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In economics, if a good is inelastic,
consumers have lost an interest in purchasing it.
producers have lost an interest in manufacturing it.
its supply or demand is too sensitive to price changes.
its supply or demand is not sensitive to price changes.
In economics, if a good is inelastic, then its supply or demand is not sensitive to price changes.
Changes or fluctuations in market prices does not affect the supply and the Demand of inelastic goods.
Further Explanation; Inelastic goods, are types of goods whose demand and supply is not affected by changes in market prices. That is an increase or decrease in market price does not affect their supply or demand. When the price of an inelastic good changes, its supply and demand is unaffected. Examples of such goods include, water and food. Therefore, for inelastic goods, the consumer buying strength and habits remain the same. Demand and supply in determination of market price Demand refers to the quantity of goods or services that consumers are willing and able to buy at a particular price while supply is the quantity of goods or services that suppliers are willing to supply to the market at a particular price. One of the factor that determine market prices are the forces of demand and supply, this is based on the ability and willingness of buyers and sellers to undertake selling and buying. Buying and selling occurs at an equilibrium price that is agreed upon by sellers and buyers. This means the sellers and buyers are willing to exchange a certain quantity of a commodity at this price. Thus, price depends on the demand and supply in the market. However, for inelastic goods such as water and food, the consumer has no option than to buy them at existing prices since they are necessity goods.
Keywords; Inelastic goods, demand and supply, market price.
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Level; High school
Subject: Business
Topic: Demand and supply
Sub-topic: Types of goods
In economics, if a good is inelastic, its supply or demand is not sensitive to price changes.
Further Explanation:
Inelastic Demand: It means that the quantity demanded will not be affected by the change in prices.
Inelastic Supply: It means that the quantity supplied will not be affected by the change in prices.
Justification for the correct and incorrect answer:
Consumers have lost interest in purchasing it: This option is incorrect.
If a good is inelastic, it does not mean that consumer has lost their interest in purchasing it. It might be possible that they do not need the goods.
Producers have lost interest in manufacturing it: This option is incorrect.
If a good is inelastic, it does not mean that the producer has lost their interest in manufacturing it.
It might be possible that the good has limited demand in the market.
Its supply or demand is too sensitive to price changes: This option is incorrect.
If the supply and demand for the goods is too sensitive to change in price, then the goods will have an elastic demand.
Its supply or demand is not sensitive to price changes: This option is correct.
If the good is inelastic, its supply or demand will not be sensitive to price changes.
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Answer details:
Grade: High School
Subject: Economics
Chapter: Elasticity of demand
Keywords: inelastic demand, inelastic supply, consumers have lost interest in purchasing it, producers have lost interest in manufacturing it, its supply or demand, too sensitive to price changes, not sensitive to price changes.
What type of economic system exists when individuals answer the three basic economic questions?
A.mixed
B.market
C.command
D.traditional
2. You hear through the grapevine that one of your best employees is looking for another job. What should you do?
Managers have an ethical obligation to share important information with employees during uncertain times and should handle the situation with professionalism and support.
Explanation:Ethical obligation: As a manager, you have an ethical obligation to share important information, such as the possibility of a merger affecting job stability, with your employees.
Handling the situation: Share the news on a need-to-know basis, avoiding rumors and gossip, and offer support and guidance to affected employees during uncertain times.
Professionalism: Maintain professionalism, avoid expressing anger in a way that burns bridges, and consider the well-being of your team and the impact of the news on their decisions and future.
Michael bought a new car. The sticker price was $6,100. He decided not to buy a warranty or any upgrades to the car. However, he ended up paying much more. Why?
Answer:
Sales Tax
Explanation:
Some times and most of the times when retailers showcase a certan price they are not including taxes, those are added at the time of paying, so when Michael chose his car he most probably wasn´t considering the Sales tax which depends on the state where he is, and the locality where he is, but it varies from 6% all the way upto 13% between the two of them.
Michael paid more than the sticker price because of sales tax, registration fees, insurance, and potentially interest on a car loan. He didn't add a warranty or upgrades, but these additional costs applied regardless.
Explanation:The reason Michael might have ended up paying more than the sticker price of his $6,100 car is due to additional costs related to car ownership that are beyond the initial purchase price. These could include taxes, insurance costs, registration, and other fees. Although he decided not to purchase a warranty or any upgrades, these additional fees could still apply. For instance, car sales often involve sales tax, which is an additional percentage of the sale price. Additionally, new cars must be registered with the local Department of Motor Vehicles, and this includes a fee. Also, if Michael is financing the car, he will be paying interest on his car loan, which could significantly increase the total price over time.
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The first paragraph or part of a business letter is the .
A. supporting details
B. addresses
C. conclusion
D. introduction
Answer: (D) Introduction
Explanation:
The first paragraph or the part of the business letter should start with the proper introduction. The primary section of the formal business letters ought to incorporate a prologue to the reason for the business letter. It is very common way to initially thank somebody or to present yourself.
We should always give some introduction about the topic in the first paragraph and then, include salutation, message and the conclusion. Therefore, Option (D) is correct.
Isabella bought a cd player at the store. she will receive the bill at the end of the month. she plans to pay $30 each month until the bill is paid in full. how did isabella pay for the cd player?
Isabella paid for the CD player by using her credit card.
What is a credit card?It should be noted that a credit card simply means a card that's issued by a bank to allow the holder borrow funds.
In this case, Isabella paid for the CD player by using her credit card.
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How can the fiscal policies of a country influence individual finances?
Final answer:
Fiscal policies involving decisions on taxation and government spending can profoundly impact an individual's finances by affecting employment rates, loan interest rates, and future tax obligations. Government budget deficits and borrowing can further influence private savings and overall economic growth.
Explanation:
The fiscal policies of a country are a set of governmental actions related to taxation and public spending that can directly influence an individual's financial situation. When the government decides on the levels of spending on goods and services, how it transfers funds to households, and what tax rates are imposed on individuals and firms, these decisions have profound impacts on various macroeconomic variables which, in turn, affect personal finance.
Fiscal policy influences real GDP, employment rates, social security benefits, and the interest rates for loans, potentially altering the money available to individuals either through direct taxation from their paychecks or benefits they receive from the government.
Timothy, a cashier, is given a twenty-dollar bill at his store. He is suspicious of the customer and wants to make sure the currency is real. Which would be a clue that the currency is counterfeit?
There are watermarks in the paper bill.
There is a security thread in the paper bill.
There is no gold standard backing the bill.
There is no change in the color of the bill's ink.
Answer:
There is no change in the color of the bill's ink.
Explanation:
Couterfait currency refers to fake money that is printed without permission of the government and it is considered fraud. A clue that the currency is counterfeit is that there is no change in the color of the bill's ink because if you have a bill and you move it back and forth and look at the lower right corner, the numbers there have ink that shifts its color from green to black.
Before your first day of work, it is a good idea to _____.
a.
Ask your boss for a vacation
b.
Maintain a rotten mood
c.
Drive to work to see how long it takes
d.
Complain about your starting salary
Answer: C
Drive to work to see how long it takes.
Explanation:
Answer:
Drive to work to see how long it takes
Explanation:
Describe at least three things you can do to protect yourself from identity theft. (1-3 sentences. 2.0 points)
Explain how money (increased commerce) spent by tourists in the Macro Islands moves through the economy's circular flow diagram. Make sure that each market and the government are included in your explanation.
The journal entry to reverse the entry of a customer’s nonsufficient-funds check would include a
The journal entry to reverse the entry of a customer’s nonsufficient-funds check would include a credit to cash.
What is Credit?Credit may represent many different things in the realm of finance, but it is often understood as a contract where a borrower receives money or something valuable and agrees to pay the lender back at a later time, usually with interest.
A social relationship between a creditor (lender) and a borrower is the fundamental component of credit (the debtor). The debtor agrees to return to the lender, frequently with interest, or face financial or legal repercussions. Extending credit is a practice that dates back to the beginning of human civilization, thousands of years ago.
Today, a meaning of credit that is frequently used still relates to an agreement to buy something with the explicit commitment to pay for it later. This is referred to as a credit purchase. Credit cards are currently the most popular way to make purchases on credit.
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How can entrepreneurs avoid getting caught up in the hype surrounding their product or service?
. Jeff works as a computer repair technician. He has money in a savings account and he owns some stock. What types of income does he have?
taxes, interest, and tips
capital gains, ongoing costs, and salary
interest, salary, and taxes
salary, interest, and dividends
Why do experts agree that small-business management and large-business management are similar in practice?
I believe the answer is: Similar to large businesses, small business have concerns about obtaining capital and good marketing and management practices
The only difference between the two is the methodology.
Large businesses could afford to obtain larger amount of capital in a large scale by selling stocks, which make them have money to pay large marketing campaign. Small businesses on the other hand tend to have rely on private investor and could only afford to pay small targeted marketing.
according to the graph of marginal product of labor for a company that makes beanbags, which of the following situations is created when the fourth through seventh workers are hired
a. increasing marginal returns
b. marginal product of labor specialization
c. negative marginal returns
d. diminishing marginal returns
Answer:
d. diminishing marginal returns
Explanation:
Marginal return on work is a microeconomic concept that aims to measure the increase in the amount produced when an extra worker is hired.
When the fourth employee is contradicted, production increases by 6 units, ie the marginal return of the worker is 6 units. When the fifth employee is hired, production increases by 5 units. When the sixth employee is hired, the production increases by 3 units and when the seventh employee is hired, the production increases by one unit, thus the marginal return of this worker is 1 unit. This means that the productivity of each employee increases, but at a decreasing rate. In other words, marginal returns on production are decreasing from the fourth worker. Note that from the first to the second and from the second to the third marginal returns are increasing (6 and 7 respectively).
What percentage of individuals aged 65 and over rated their health as good, very good or excellent during the period of 2006-2008?
a certain bank assigns a unique number to each savings account. the amount of savings in each account depends on how much the owner deposits into the account. The interest pain on each account depends on how much money is in the account.
Which of these relations is not a function?
A.(interest paid, savings account number)
B.(interest paid, amount in saving account)
C.(savings account number, interest paid)
D.(savings account number, amount in savings account)
Answer:
B
Explanation:
. in a certain economy, people save some part of their income in the financial sector and use the remaining part for consumption. The government decides to increase the tax rates for everyone in that economy. What effect will the tax increase have on savings and investment in the economy?
Savings decrease, and investment decreases.
Savings increase, and investment increases.
Savings increase, and investment decreases.
Savings decrease, and investment increases.
A government normally increases taxes to boost it's tax revenue but this also results in the decrease of savings and investments. Higher taxes leaves consumers with less disposable income which then discourages them from saving and investing.
how is underutilization depicted on a production pssibilities frontier
Underutilization in a Production Possibilities Frontier (PPF) is represented by any point inside the frontier. This indicates that an economy is not using all its resources to maximum capacity and hence not producing as many goods as theoretically possible.
Explanation:In economics, the Production Possibilities Frontier (PPF) is a graphical representation of the possible combinations of two goods that an economy can produce using its resources to the fullest potential. However, underutilization can occur when resources are not used to their full capacity, resulting in fewer goods being produced than what is feasible.
On a PPF, underutilization can be depicted as any point inside the frontier. For example, if our economy is capable of producing 100 apples and 100 oranges, but it's currently only producing 50 apples and 50 oranges, this would be a point within the PPF and represent underutilization. It shows that we are not using all available resources to their maximum capacity and hence not achieving full productive potential.
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The equations and graphs of conic sections have many applications in business and science. true false
In which stage do you decide whether a business opportunity is a good fit for your personality.
A.) identify
B.) plan
C.) start
D.) operate
Select the true statement about standards for weights and measures.
Sales of products or services impacted by weights and measures laws in the US represent a small proportion of output.
A pound of flour from the Fluffy Flour Company will be the same weight as a pound of flour from another company. Companies owned by private individuals do not have to follow the standards.
Standards often wind up discouraging the exchange of goods in the economy.
The answer is: A pound of flour from the Fluffy Flour Company will be the same weight as a pound of flour from another company.
In the before standard for weight and measures were created, commodities such as flour was sold using 'bags' as standard of measurement. This cause a lot of problems among buyers because many sellers put very little amount of flour inside one bag in order to obtain many profit
Because of such problems, Standard for weight and measures were invented so the sellers would not be able to cheat the buyers by less amount that they suppose to.
Answer:
A
pound of flour from the Fluffy Flour Company will be the same weight as a pound of flour from another company.
Explanation: