Answer:
c. a city with two firms who are licensed to sell school uniforms for the local schools
Explanation:
An oligopoly is an industry that is dominated by few large firms.
characteristics of an oligopoly are :
high barriers to entry or exit of firms
few large firms
interdependence among firms
a farmers’ market with many individuals selling sweet corn and tomatoes is an example of a monopoly
a city whose electrical service is provided by one electric co-operative is an example of a monopoly
a city with two firms who are licensed to sell school uniforms for the local schools is an example of a duopoly which is a type of monopoly
a city with many independently-owned hair styling salons is an example of monopolistic competition
Which is true? Root cause analysis is an important step in the incident management process. Until the root cause of incidents is identified and eliminated, it is likely that the customer will continue to experience incidents. Typically, root causes are technology related. ITIL best practices state that root cause analysis should be performed for all incidents.
Answer:
1. Root cause analysis is an important step in the incident management process.
2. Until the root cause of incidents is identified and eliminated, it is likely that the customer will continue to experience incidents.
Explanation:
The true and correct statement is that root cause analysis is an important step in the incident management process and until the root cause of incidents is identified and eliminated, it is likely that the customer will continue to experience incidents.
Root cause analysis can be defined as a technical process which is typically used to identify or measure the reason why incidents are occurring and how to device necessary procedures to mitigate and prevent the occurrence of such incidents in the future. Ultimately, if the root cause of an incident isn't identified and properly eliminated, it is very much likely that similar or perhaps the same incident would continue to occur.
Hence, the first solution to solving a problem is identifying and eliminating the root cause.
Which of the following is an example of competitive parity? A firm provides wall clocks that its consumers value more than other wall clocks. A firm sells wall clocks at a lower price than its competitors. A firm produces a similar number of wall clocks at a similar cost as its competitors. A firm manufactures higher-quality wall clocks than its competitors.
Answer:
A firm produces a similar number of wall clocks at a similar cost as its competitors.
Explanation:
Competitive parity, as the name implies, is a situation in which a firm has a similar good or service to that of its competitors. These similarities can manifest in quality, cost, or both.
Im this case, if a firm produces a similar quantity of wall clocks, and sells them at a similar price, then, this firm has a competitive parity with its competitors.
Who is most likely to have claimed that "As the client becomes more self-aware, more self-acceptant, less defensive and more open, she finds at last some of the freedom to grow and change in directions natural to the human organism.?"
Answer:
- Carl Rogers
Explanation:
Carl Rogers, the American psychologist, proposed his humanistic approach often known as the 'client-centered approach' to understand psychology. He put the individuals at the center in the continuously evolving world of experience. He claimed that 'as the client evaluate and actualize their behavior due to interaction with others, they become more self-aware as well as more self-acceptant, and perceive other people as distinct and separate individuals. They also become less protective, and more agape.' This allows them to have the liberty to grow and advance their present value system.
Network design decisions have a significant impact on performance because they determine the supply chain configuration and set constraints within which inventory, transportation, and information can be used to either decrease supply chain cost or increase responsiveness. True or False
Answer:
true
Explanation:
Suppose farmers in a given market can either grow soy beans or corn on their land. In addition, suppose an increase in the demand for corn causes the price of corn to increase. All else equal, an increase in the price of corn creates an incentive for farmers to: Multiple Choice switch away from growing soy beans and into growing corn. grow less corn, but not change their production of soy beans. switch away from growing corn and into growing soy beans. grow more corn, but not change their production of soy beans.
Answer:
switch away from growing soy beans and growing corn
Explanation:
if the price of corn increases,it would be an incentive for farmers to increase their production of corn so as to increase their profits.
In the contracting process, a licensee must be careful to:__________
a. avoid giving the principal any advice about the transaction.
b. describing the normal requirements of a contract to a client.
c. drafting a contract illegally.
d. pointing out to the principals the importance of meeting contingency deadlines.
Answer:
c. drafting a contract illegally.
Explanation:
In the contracting process, a licensee must be careful to drafting a contract illegally. The licensee can be defined as an individual or group of people holding a license given to them by an authority or authorized agencies, to engage legally in an activity.
Hence, it is required by law that whatever the licensee does after the acquisition of a license must be legal and not a violation of standard rules, and policies of the state or society. Licensee are to abide by the terms and conditions of the license.
How is single loss expectancy (SLE) calculated?This task contains the radio buttons and checkboxes for options. The shortcut keys to perform this task are A to H and alt+1 to alt+9. A Annualized rate of occurrence * asset value * exposure factor B Threat + vulnerability C Asset value ($) * exposure factor D Annualized rate of occurrence * vulnerability
Answer: C.) Asset value ($) * exposure factor
Explanation: The Single Loss Expectancy is used to evaluate the loss in monetary terms that will be incurred by an organization as a result of risk on it's asset. It is expressed mathematically as :
SLE = AV * EF
Where AV refers to the value of the organization's asset.
EF, the exposure factor ranges from 0 - 1 and it measures the fractional percentage of the asset which will be lost due to risk on such asset.
It is an important aspect of risk management or assessment in an organization and steps must be taken to lower the exposure factor of assets.
The Beach Shack Company produced 5,500 cakes that require 3 standard pounds per unit at $3. 00 standard price per pound. The company actually used 16,650 pounds in production. Journalize the entry to record the standard direct materials used in production.
Answer:
Explanation:
Standard pounds per cake = 3 pounds
Standard unit price = $3
Standard pounds 5500 cakes = 16,500 pounds
Actual pounds per 5500 cakes = 16,650
Variance = (16,650 - 16,500)=150
Cost of actual materials used = actual materials * standard price
=16,650*3 =49,950
Cost of work in progress = Standard materials * standard price = 16,500*3= 49.500
Direct material quantity variance = Quantity variance * 3
150*3 = 450
Journal entry
Debit work in progress = 49,500
Debit material quantity variance = 450
Credit Material = 49,950
Farmers in developing countries claim that the U.S. government, through farm subsidies, is responsible for the artificially low global price of wheat. Because the U.S. government buys whatever wheat American farmers are unable to sell on the open market, American farmers have no incentive to modulate the size of their crops according to the needs of the global market. As a result, American farmers routinely produce more wheat than the global market can absorb and the global price of wheat is kept low. Without these subsidies, the farmers in developing economies claim, American farmers would produce only the amount of wheat that they could sell on the open market and the global price of wheat would rise.
Which of the following, if true, most weakens the claims of the farmers in developing countries regarding the price of wheat?
(A) Wheat that is not processed for consumption is often used for certain industrial applications.
(B) Non-governmental buyers of wheat and wheat products are able to predict how much wheat they will need several years in advance.
(C) The U.S. government offers similar subsidies to soybean farmers, though the global price of soybeans is significantly higher than that of wheat.
(D) Other countries, such as Canada and Russia, are likely to produce more wheat if the United States were to reduce its output.
(E) The price of sorghum, a crop for which the U.S. government offers no subsidies, is lower than that of wheat.
Answer:
Correct Answer:
(D) Other countries, such as Canada and Russia, are likely to produce more wheat if the United States were to reduce its output.
Explanation:
The farmers narrative on the reason on why the price of wheat on the global market is low is justified due to their reason. Unfortunately, that logic would greatly be weaken if the farmers in United States reduces their output while farmers in other countries such as Canada and Russia increases their own output due to incentives from their governments.
This action would still lead to the global price of wheat continually being low.
Nancy sold three capital assets that were held for investment. She sold stock in ABC Corporation for a gain of $10,000; stock in XYZ Corporation for a gain of $2,000; and corporate bonds for a loss of $20,000. Assuming all of the investments had a long-term holding period, how will the transactions be treated for tax purposes
Answer:
D) $3,000 deduction against ordinary income with a $5,000 capital loss carried forward to offset income for next year
Explanation:
Note: This question is not complete as it does not include the options. The complete question is therefore presented before answering the questions follows:
Nancy sold three capital assets that were held for investment. She sold stock in ABC Corporation for a gain of $10,000; stock in XYZ Corporation for a gain of $2,000; and corporate bonds for a loss of $20,000. Assuming all of the investments had a long-term holding period, how will the transactions be treated for tax purposes?
A) Gain of $12,000 taxed at 15% and a loss of $20,000 deductible against ordinary income
B) Net loss of $8,000 that is fully deductible against ordinary income in the current year
C) Net loss of $8,000 that results in no deduction in the current year, but can be carried forward to offset capital gains for the next year
D) $3,000 deduction against ordinary income with a $5,000 capital loss carried forward to offset income for next year
The explanation to the answer is therefore presented as follows:
The first step is to compute the net capital gain (loss) is as follows:
Particulars $
Gain from the sale of stock in ABC Corporation 10,000
Gain from the sale of stock in XYZ Corporation 2,000
Loss from the sale of corporate bonds (20,000)
Net capital gain (loss) (8,000)
In the US, individuals are allowed to use up to $3,000 to reduce their taxable income in the first year of the loss, while the remaining capital losses will be carried over to the next years.
From the net capital gain computed above, the correct option is D. That is, the $8,000 loss will be treated for tax purposes as a $3,000 deduction against ordinary income in the current year with the remaining $5,000 capital loss carried forward to offset income for next year.
The degree to which firms should segment their markets depends on the balance the firm wants to achieve between the added perceived customer value that segmentation can offer and its ___________.
Answer:
Cost
Explanation:
SEGMENTATION can be defined as the process or ways of dividing or segmenting business market into groups or parts based on the types of features or characteristics they shared which is why MARKET SEGMENTATION is important and vital to company or organisation because it enable them to easily target the people or individual that are likely to be satisfied with their product.
Hence, For a firm, company or organisation to segment their markets it will depends on the balance that the company or organisation wants or desire to achieve between the customer value that the market segmentation can offer and its COST.
Bay Beach Industries wants to maintain their capital structure of 40% debt and 60% equity. The firm's tax rate is 34%. The firm can issue the following securities to finance the investments:
Bonds: Mortgage bonds can be issued at a pre-tax cost of 9 percent. Debentures can be issued at a pre-tax cost of 10.5 percent.
Common Equity: Some retained earnings will be available for investment. In addition, new common stock can be issued at the market price of $46. Flotation costs will be $3 per share. The recent common stock dividend was $3.60. Dividends are expected to grow at 6% in the future.
What is the cost of capital using debentures and external equity?
a. 10.96%
b. 13.12%
c. 11.30%
d. 11.69%
e. 11.35%
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b
c. 11.30
Importers Direct arranged to have a French winery ship a large quantity of fine wine to the United States. By signing a(n) ______________, Importers Direct authorized its bank to make full payment to the French winery if and when the wine arrives at the Importers Direct warehouse in Philadelphia.
Answer: letter of credit .
Explanation:
A letter of credit is known as
a trade finance mechanism also known as "letter of undertaking" used as a guarantee document that the payment of goods and services will be fulfilled between a seller and a buyer.It is also known as documentary credit or a bankers commercial credit.Hence, Importers Direct arranged to have a French winery ship a large quantity of fine wine to the United States. By signing a letter of credit , Importers Direct authorized its bank to make full payment to the French winery if and when the wine arrives at the Importers Direct warehouse in Philadelphia.
________ determines the point at which the sum of carrying costs and ordering costs are minimized, or the point at which carrying costs equal ordering costs. Group of answer choices Reorder point Economic Order Quantity When to order Inventory turnover
Answer:
Economic Order Quantity
Explanation:
The economic order quantity is the quantity at which the ordering cost and the carrying cost is minimized and equivalent to each other. It is the quantity that should be purchased by the company so that the cost of ordering and the holding cost could be less
The formula to compute it is shown below:
[tex]= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}[/tex]
Hence, the correct option is b i.e. economic order quantity
If the economy is hit by a negative real shock that raises inflation and unemployment, which fiscal policy action should the government take in order to keep inflation and unemployment stable?
Answer: There is no fiscal policy action that can keep the inflation and unemployment stable.
Explanation:
If there is a negative real shock such as an oil crisis, it will be hard fir the affected economy to adjust and be stable.
A negative real shock will lead to a reduction in growth and a rise in inflation. Even in cases whereby there is an increase in the money supply, this will lead to a rise in real growth but the result will be that there will be an higher inflation
Therefore, there is no fiscal policy action that can keep the inflation and unemployment stable.
Two companies report the same cost of goods available for sale but each employs a different inventory costing method. If the price of goods has increased during the period then the company using:______
a. LIFO will have the highest ending inventory
b. FIFO will have the highest cost of good sold
c. FIFO will have the highest ending inventory
d. LIFO will have the lowest cost of goods sold
Answer:
c. FIFO will have the highest ending inventory
Explanation:
FIFO means first in, first out. it means it is the first purchased inventory that is the first to be sold.
LIFO means last in first out. it means that it is the last purchased inventory that is the first to be sold.
If FIFO inventory method is used, the first purchased inventory is the first to be sold and price increased during the period, the beginning inventory would be lower and the ending inventory would be higher when compared to a company using LIFO
Paul attends the London Book Fair every year to represent his company and show its products to publishers from other countries. He also meets with individual publishers to discuss distributing their books in the U.S. The London Book Fair is Group of answer choices
Answer:dhehe
Explanation:
Hector Aguerra is interested in making a lot of money. He is a very good salesperson. People tell him he could sell sand in Saudi Arabia! He is also a very hard worker, and is willing to work a lot of hours to make the kind of money he wants. Hector should most likely look for the kind of job that is paid:_________
A. on salary with overtime.
B. by commission.
C. with a high hourly rate.
D. in a situation with team-based compensation.
Answer:
B
Explanation:
Hector is best suited to work as as a sales or advertising agent due to his high selling skills. Sales agents are usually paid in commissions. He would also be able to earn the type of money he wants by choosing the number of hours he chooses to work
Select the balance sheet category where the items given would typically
Items Balance Sheet Category
1. Cash equivalents Current assets
2. Bond investment to be held through maturity in five years Long-term investments
3. Land not currently used in operations Plant assets
4. Equipment Plant assets
5. Trademarks Intangible assets
6. Wages Payable Current liabilities
7. Bonds payable Long-term liabilities
8. Short-term note payable Current liabilities
Answer and Explanation:
The balance category is shown below:-
Current assets are those assets that are converted into cash within one year for example inventory, accounts receivable, etc.
Fixed assets are those assets that are to be considered as to be long term that is 3 years, 5 years, etc. For example land, building, machinery, etc.
1. Cash equivalents Current assets
2. Bond Investment Investment
3. Land not currently used in operations Fixed assets
4. Equipment Plant assets
5. Trade marks ( Other assets) Intangible assets
6. Wages payable Current liabilities 7. Bonds payable Long term liabilities
Short - term note payable Current liabilities
If my friend asks me for 20 dollars i said tommorow you have to give me 25. IS THIS BIG BRAIN
Answer:
kinda
Explanation:
You'll obviously expect a little interest .
If i were you though i'll give the person up to 3 days to pay back before adding a little interest to it.
PLEASE add your loving THANKS
To achieve compliance with a new industry standard, a company develops a five-year plan in which goals are set for each year with incremental organizational changes focusing on one area of the new standard. This is an example of revolutionary change. managed change. structural change. cultural change. evolutionary change.
Answer:
evolutionary change.
Explanation:
To achieve compliance with a new industry standard, a company develops a five-year plan in which goals are set for each year with incremental organizational changes focusing on one area of the new standard. This is an example of evolutionary change.
In Business management, leaders are usually saddled with the responsibility of effecting positive changes or innovative solutions, this can be achieved through the application of an evolutionary change.
Evolutionary change are usually slow and irreversible when employed in an organization. For instance, the introduction of digital platform used for taking attendance of employees in an organization.
According to noted economist Thomas Piketty rev: 10_02_2018_QC_CS-138299 Multiple Choice top executives are entitled to any level of pay they can negotiate with their board of directors. the annual pay for top executives should include a small guaranteed salary and should include a very large bonus in years where the firm earns higher profits than competitors. all bonuses paid to CEOs should be tied to long-run increases in market share. the income inequality between the salary of company CEOs and the average salary at the company is harmful and unnecessary.
Answer:
the income inequality between the salary of company CEOs and the average salary at the company is harmful and unnecessary.
Explanation:
Thomas Piketty is classified as an extremely social economist along with Joseph Stiglitz and Paul Krugman. Some confuse them as liberal economists, when they are actually against liberal or neoclassical economies. The three of them are famous for promoting economic fairness and equality. E.g. Piketty opposes extremely high CEO salaries while low level employees earn wages that are dangerously close to the minimum wage. He believes that this type of management practices are unsustainable and damage the economy in the long run.
Personally, I believe that the most important sector of the economy is the middle class and that the larger the middle class, the better.
____________ tend to focus on the logical soundness and preciseness of ideas, rather than the ideas’ practical values; they tend to work in research and planning units.
A. Convergers
B. Divergers
C. Assimilators
D. Accomodators
Answer:Assimilitors
Explanation:
The assimilators are the individuals who depend on the reflective observation and conceptualization on abstracts.
These are the set of individuals who seems to more concerned about the abstract ideas and concepts rather than concerned about about other people. The assimilators also focus on how precise and logically sound an idea is, rather than focusing on the practical values of the ideas. .
Mr. Chase has opened a custom furniture business and is concerned about the costs associated with storing raw materials, machinery, and finished products. Mr. Chase should consider using a method of production known as just-in-time (JIT) production to help control his inventory costs
Indicate whether the statement is true or false.
Answer:
True
Explanation:
Just In Time Production keeps Inventory Levels at minimum by requiring the Company to hold only the inventory that is required by a particular production .This method opposes keeping of Inventory for production which has not been commenced.
Polly Corporation purchases land for $200,000. Polly incurs the following costs associated with the land acquisition: Property taxes for current year $4,000 Delinquent property taxes 8,000 Commission to broker 14,000 Cost of grading 2,000 Cost of land improvements 12,000 What is the amount that Polly should capitalize in the land account
Answer:
$224,000
Explanation:
The solution of the amount that Polly should capitalize in the land account is given below:-
Amount capitalize in the land account = Purchase of land + Delinquent property taxes + Commission to broker + Cost of grading
= $200,000 + $8,000 + $14,000 + $2,000
= $224,000
Hence, for determining the amount capitalize in the land account we simply used the above formula.
On behalf of the rock group Uno, their manager Thalia agrees to a performance in Seaside Amphitheatre on July 4. Rex, acting for Seaside Productions, sends a written copy of the agreement to Thalia to be signed. Typically, businesspersons put their contracts in writing to
Answer: ensure proof of the contracts' existence
Explanation:
From the question, we are informed that on behalf of the rock group Uno, their manager Thalia agrees to a performance in Seaside Amphitheatre on July 4. Rex, acting for Seaside Productions, and then sends a written copy of the agreement to Thalia which was to be signed.
The main reason why businesspersons put their contracts in writing is in order to make sure that there is a proof regarding the existence of a contract. Without duly signing a contract, it means there is no proof and this can cause a lot of havoc in the future. The signature on contracts make it legitimate.
Flapjack Corporation had 7,824 actual direct labor hours at an actual rate of $12.03 per hour. Original production had been budgeted for 1,100 units, but only 978 units were actually produced. Labor standards were 7.1 hours per completed unit at a standard rate of $12.75 per hour. Round your answer to the nearest cent. The direct labor time variance is a.$5,625.46 unfavorable b.$5,625.46 favorable c.$11,222.55 unfavorable d.$11,222.55 favorable
Answer:
$11,220 Unfavorable
Explanation:
As we know that:
Labor Time Variance = Standard rate per hour * (Standard time for actual output - Actual time worked)
Here,
Standard rate per hour= 12.75$
Standard time for actual units = 978 units * 7.1 hour per unit = 6,944 Hours
Actual hours worked are 7,824 hours
By putting the above values, we have:
Labour time variance = $12.75 * (6,944 - 7,824) = $11,220 Unfavorable
Several controls are used to safeguard inventory except a.keeping high-priced inventory behind lock and key. b.hiring security guards. c.allowing all employees access to the materials warehouse. d.installing sensors at all exits.
Answer:
Option C, allowing all employees access to the materials warehouse, is the right answer.
Explanation:
Option C is the correct answer because option C recommends allowing access to all the employees. However, allowing access to all employees will reduce security and increase the risk level. While all given options are helpful in safeguarding the inventory except option C. Thus, in this case, it would be difficult to monitor every employee. So Option C is the right answer.
An organization with a(n) _____ structure operates much like a multinational corporation, but subsidiaries depend on headquarters more for process and production decisions. Group of answer choices
Answer: International
Explanation: The International organizational structure adopts a somewhat central control policy which is used to manage and direct the affairs of multinational firms or corporation. Multinationals refers to businesses operating in more than one nation. The international structure ensures that the control division of the corporation handles affairs that has to do with international relations including organization, coordination and control by defining or outlining roles, responsibilities, chores and relationship within the the organization.
Under a just-in-time inventory system, a company can reduce the amount of working capital it needs to finance inventory, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.
a) true
b) false
Answer:
True.
Explanation:
Under a just-in-time inventory system, a company can reduce the amount of working capital it needs to finance inventory, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.
In Business management, Just-in-time (JIT) is an inventory management method used by a company wherein goods, products, components, and labor are made available exactly when needed or just few hours before they are needed in the production process.
Basically, It is an inventory management system that companies use to reduce wastage to the barest minimum, thereby, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.
Hence, just-in-time when used judiciously can help a company reduce the amount of working capital it needs to finance inventory management.