Answer:
c. $4,800
Explanation:
The computation of the deductible expense is shown below:
= Air fare expense + lodging expense + meals (50% deduction allowed)
= $3,200 + $900 + $700
= $4,800
We take 100% the actual expense of air fare and lodging expense and considered 50% of meals and according to this the total amount of deduction is calculated
hence, the correct option is c.
Harlowe purchases a watercolor painting by a prominent local artist and a RecumbentSloth brand recliner from a yard sale. She pays cash for both items, and the seller promises to deliver them next week. Two days later the seller calls Harlowe and says he no longer wants to sell the items and sends Harlowe back her money. If Harlowe sues, will she be able to get the items she bought?
Answer:
Yes, Harlowe should sue for specific performance of the contract.
Specific performance is a legal remedy in contract law where a civil court orders the breaching party (seller) to perform their part of the contract.
In this case, Harlowe will probably be able to get the painting since it is a unique article, but it will be harder for him to get the chair. He might be able to get the seller to deliver it to him, but since it is a common article, he could find a similar one somewhere else. But that is not the case of the painting, which is not a common article and it cannot be found somewhere else.
Gato Inc. had the following inventory situations to consider at January 31, its year-end. Identify which of the following items should be included in inventory. (a) Goods held on consignment for Steele Corp. since December 12. select an option (b) Goods shipped on consignment to Logan Holdings Inc. on January 5. select an option (c) Goods shipped to a customer, FOB destination, on January 29 that are still in transit
Answer:
(b) Goods shipped on consignment to Logan Holdings Inc. on January 5.
(c) Goods shipped to a customer, FOB destination, on January 29 that are still in transit.
Explanation:
Gato Inc. should include two items in its inventory. Good shipped on consignment to Logan Holdings Inc. should be included in inventory because this is transaction after the closing of December period. Goods shipped tp a customer on January 29 must also be included in the inventory because the goods are still in transit.
Hearing that her job has been terminated, Eleanor has responded by saying, "I never will get another job. There is no other work that I can do." Her counselor responds by saying, "There are other jobs that you can do. I will help you consider other types of work." The counselor's statements most clearly fits:______.
A. Holland's theory.
B. Myers- Briggs Type theory.
C. social learning theory.
D. Super's developmental theory.
Answer:
C
Explanation:
Suppose you work for a bank and are responsible for determining whether you should give someone credit. Create a list of the top three questions you would
ask prospective borrowers and post them to the discussion board. Make sure to explain why you think these three questions are important in determining
whether or not a potential customer is a good credit risk.
Answer:
-How much money do you need?
-How much income do you make?
-How much debt do you have?
Explanation:
The top three questions that I would ask prospective borrowers are:
-How much money do you need?
This question allows the lender to know the amount of money the borrower requires and this is crucial to make an evaluation with the income and debts to determine if the lender would approve the loan. For example, a borrower may need an amount that he can easily pay back with his salary.
-How much income do you make?
This question is important to the lender because it allows to find out if the borrower's income would allow him/her to make the monthly payments which decreases the risk.
-How much debt do you have?
It is important to know the amount of debt the borrower has because the higher amount of debt he/she has, it would be harder to pay the loan and evaluating this allows to decrease the risk of the borrower not paying back.
help me out, please.
Answer:
a) Sub total of Kevin's order = $49.99
b) Total of Kevin's order = $62.99
Explanation:
In an invoice, the subtotal for a person's transaction of order is the sum of the item only without the addition of taxes, shipping, credit card fees(if they order and pay for the item online), discounts e.t.c
The total amount for the purchase of an order is the sum total which includes cost of the goods, discounts, taxes, shipping fees e.t.c.
For Kevin,
a) His Subtotal is the cost of his Base ball jacke × number of jackets
= $49.99 × 1
= $49.99
b) Total of Kevin's order
= Cost of his Base ball jacket + Shipping and Handling fee + Credit card fee
Shipping and Handling fee = $10.00 Credit card fee = $3.00
Total = $49.99 + $10.00 + $3.00
= $62.99
A product's usage is normally distributed with a weekly average demand of 2,000 units and a weekly standard deviation of 125. The product's lead time is 4 weeks. Currently, the reorder point for this product is 8,200. If the company would like to have a service level of 95% for this product then: Group of answer choices
Answer:
Dependent demand items are typically products for use by the final customer. ... systems initiate a new order when the level of inventory falls to the reorder point. ... average demand of 2,000 units and a weekly standard deviation of 125. ... If the company would like to have a service level of 95% for this product then A)
If the company would like to have a service level of 95% for this product then it must increase its safety stock by approximately 212 units. Option (d) is correct.
What do you mean by Demand?Demand describes the consumer's desire and willingness to purchase a good or service at a specific time or over an extended period of time. Additionally, consumers must be able to afford the items they want or need based on their budgeted disposable income. Demand therefore has an impact on market expansion and economic growth.
Companies that want to understand consumer demand for a certain product perform demand analysis research. Businesses typically use it to assess their ability to enter the market and make the anticipated profit.
Therefore, Option (d) is correct. It must increase its safety stock by approximately 212 units.
Learn more about Demand, here;
https://brainly.com/question/29761926
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A product's usage is normally distributed with a weekly average demand of 2,000 units anda weekly standard deviation of 125. The product's lead time is 4 weeks. Currently, the reorder point for this product is 8,200. If the company would like to have a service level of 95% for this
product then;
a. it must decrease its safety stock by approximately 412 units.
b. it must decrease its safety stock by approximately 212 units.
c. it must increase its safety stock by approximately 412 units.
d. it must increase its safety stock by approximately 212 units.
Shelton Co. purchased a parcel of land six years ago for $855,500. At that time, the firm invested $127,000 in grading the site so that it would be usable. Since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $45,000 a year. The company is now considering building a warehouse on the site as the rental lease is expiring. The current value of the land is $907,000. What value should be included in the initial cost of the warehouse project for the use of this land
Answer:
$907,000
Explanation:
We will only consider the relevant cost here in the warehouse project. As the purchase cost and grading cost has been incurred in the past due to that they are sunk cost, there is no relevance of these cost in this project. The lease is about to expire and has no value So we will only consider the current value of land as relevant and include it in the initial cost of the warehouse project for the use of this land.
which statement best explains the relationship between points A and B?
In ______ cycle theory, fluctuations in both investment and consumption expenditure, driven by fluctuations in the growth rate of the quantity of money, are the main source of fluctuations in aggregate demand.
Answer: Monetarist
Explanation:
The monetarist theory is a theory which believes that the changes in the supply of money is the most important factor in the growth of an economy.
In this concept, economic stability can be fostered through targeting the money supply. The theory assume that the fluctuations in both the investment and consumption expenditure, which are s a result of the fluctuations in growth rate of the quantity of money, are the main source of fluctuations in aggregate demand.
Together, EMI, Sony BMG Music Entertainment, Universal Music Group Recordings, Inc., and Warner Music Group Corp. produced, licensed, and distributed 80 percent of the digital music sold in the United States. The companies formed MusicNet to sell music to online ser- vices that sold the songs to consumers. MusicNet required all of the services to sell the songs at the same price and subject to the same restrictions. Digitization of music became cheaper, but MusicNet did not change its prices. Did MusicNet violate the antitrust laws? Explain.
The correct answer to this open question is the following.
Yes, MusicNet violates the antitrust laws.
Indeed, these companies are forming a monopoly in the music business industry. Warner Music, Universal, Sony, and EMI control 80% of the digital music industry due to the fact that they own the rights of most of the popular artists and bands worldwide. When these companies decide to form MusicNet they are creating a monopoly to exert its dominance in the market.
In the case of the United States, three important legislations have to deal with antitrust laws: the Sherman Antitrust Act, the Clayton Act, and the Federal Trade Commission Act.
So what MusicNet is doing is limiting the consumer's choices to buy music, imposing its own conditions and restrictions. And that is not fair in American free-market conditions.
Write the features of correspondence?
Please find attached in the explanation below your answers
Explanation:
A correspondence is a a business letter that is used to communicate with different parties in a business. The correspondence is very important in the business world.
A business correspondence can also be called a business letter.
The features of a correspondence letter or business letter includes;
a. simplicity i.e keeping the letter as simple as possible.
b. clarity of goal: the reason(s) for the letter must be clearly expressed
c. Public relation: this means that the letter should communicate and resonate with the reader like it was a face to face discussion
d. courteous: the correspondence has to be written with all due respect albeit not pleadingly.
e. persuasive: the correspondence has to be convincing in its purpose or goals.
f. honest: the truthfulness of a correspondence is everything. Whether the information is good or bad, honesty has to be the watchword in writing the correspondence.
Cheers.
You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the current state of the economy, he expects sales to decrease by 7 percent next year. What change should you expect in operating cash flows next year given your sales forecast?
Answer:
The change should you expect in operating cash flows next year would be 19.60%
Explanation:
In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:
change should you expect in operating cash flows=operating leverage rating*percentage of decrease sales next year
change should you expect in operating cash flows=2.8*0.07
change should you expect in operating cash flows=19.60%
The change should you expect in operating cash flows next year would be 19.60%
Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $456,000, and direct labor costs to be $2,280,000. Actual overhead costs for the year totaled $422,000, and actual direct labor costs totaled $1,940,000. At year-end, the balance in the Factory Overhead account is a:.
Answer:
$34,000 (Debit)
Explanation:
Estimated total overhead costs = $456,000
Estimated direct labor costs = $2,280,000
Actual overhead costs= $422,000
Actual direct labor costs= $1,940,000
To calculate the factory overhead, we need to first calculate Estimated overhead rate.
Estimated overhead rate = Estimated total overhead costs / Estimated direct labor costs
= $456,000 / $2,280,000
= 0.2
= 20%
Therefore;
Actual Factory overhead = Actual direct labor cost × application rate
= $1,940,000 × 20%
= $388,000
We can get the balance in the overhead account as shown below;
Balance = Actual overhead cost - Actual cost that should be applied
= $422,000 - $388,000
= $34,000 (Debit).
the condition of famers before amul ? 3 sentence pls send the answer . this is for my English project
Answer:
the life of a farmer in Kaira was very much like that of farmers anywhere else in India. His income was derived almost entirely from seasonal crops. Many poor farmers faced starvation during off-seasons. Their income from milch buffaloes was undependable. The milk marketing system was controlled by contractors and middlemen. As milk is perishable, farmers were compelled to sell their milk for whatever they were offered. Often they had to sell cream and ghee at a throwaway price.
Explanation: reword in your own words so there is no plagiarism
Kathleen is the new operations manager of a national stock brokerage firm. She recently attended a conference on the use of expectancy theory to motivate employees. In order to incorporate what she has learned, the first thing Kathleen must do is:
Answer: determine what rewards are valued by her employees
Explanation:
From the question, we are informed that Kathleen is the new operations manager of a national stock brokerage firm and that she recently attended a conference on the use of expectancy theory to motivate employees.
In order to incorporate what she has learned, the first thing Kathleen must do is to know the kind of rewards that her workers value. This will be vital to achieve organizational goals.
A man is purchasing a house for $325,000. His lender requires a 20 percent down payment and 2 points at closing. The man is also responsible for $2,000 in closing costs. What is the total amount of money he needs to close?
Answer:
$73,500
Explanation:
the man needs enough money to cover:
down payment = $325,000 x 20% = $65,000closing points = $325,000 x 2% = $6,500closing costs = $2,000total = $73,500The closing points are generally paid to the mortgage lender in order to lower the mortgage's interest rate which will result in a lower monthly payment.
The process of identifying and documenting specific and provable flaws in the organization’s information asset environment is called vulnerability assessment (VA). __________ Group of answer choices True
Answer:
True
Explanation:
VULNERABILITY ASSESSMENT can be said to mean the process or ways in which an organisation information system is been assess and evaluate for any risks, threat or anything that may cause harm and vulnerabilities in the organization’s information system or information asset environment in order to help improve the safeguards , review the security weaknesses thereby making it less harmful and less vulnerable when needed.
If you have a checking account and want to buy something online, which method of payment would be most convenient? (Select the best answer.) If you have a checking account and want to buy something online, which method of payment would be most convenient? (Select the best answer.) Writing a check Using an overdraft Using your checkbook register Using a debit card
Answer:
Using a Debit card
Explanation:
Online transaction and payments are transactions that are conducted virtually and electronically through the internet and computer network. One major attribute of this medium of payment is that physical method of payment are minimally used. An example of a medium of online payment is the use of a debit card
A debit card is a payment card issued by financial organization and linked to a customers checking account , which can be used to pay for purchases made through an online platform. It is a faster and saver means of payment.
Answer:
Debit Card (got it right on my test)
Explanation:
You decide to drive your car on a long road trip of 1,500 miles. The opportunity cost of driving your car: Multiple Choice is the amount of money spent on gas. is zero because the car is paid for. includes lost wages you could have earned instead of driving. the total expenses of the trip in the end.
Answer: includes lost wages you could have earned instead of driving
Explanation:
Some individuals prefer driving long distance for different reasons; some for the pleasure they gain racing, while some do so to save cost of either flying a plane or using a public transport. Opportunity cost is weighing on your available options. If you weighed travelling on the road driving will save some cost then you can go for it. But when driving such a distance you'd have saved up lost wages you'd have earned instead of other options.
________ is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. Multiple Choice Selling Advertising Marketing Mixing markets
Answer:
The given option "Marketing" is the right choice.
Explanation:
Marketing seems to be focused on thought about either the market regarding consumer expectations as well as satisfaction with them. It is different from selling, although selling is concerned with either the methods or strategies of convincing investors to exchange some currency for a certain commodity.Some other options in question are not connected to something like the given scenario. And the above will be a good alternative.
Answer:
Marketing
Explanation:
Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $0.75 coming 3 years from today. The dividend should grow rapidly-at a rate of 49% per year-during Years 4 and 5; but after Year 5, growth should be a constant 5% per year. If the required return on Computech is 18%, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent.
Answer:
The value of the stock today is $7.64.
Explanation:
This can be calculated as follows:
Since required return is 18% (or 0.18), we have:
Present value (PV) of year 3 dividend = $0.75 / (1 + 0.18)^3 = $0.456473154509468
Year 4 dividend = Year 3 dividend * (1 + growth rate in year 4) = $0.75 * (1 + 0.49) = $1.1175
PV of year 4 dividend = $1.1175 / (1 + 0.18)^4 = $0.576394067982294
Year 5 dividend = Year 4 dividend * (1 + growth rate in year 5) = $1.1175 * (1 + 0.49) = $1.665075
PV of year 5 dividend = $1.665075 / (1 + 0.18)^5 = $0.727819628214931
Year 6 dividend = Year 5 dividend * (1 + growth rate in year 6) = $1.665075 * (1 + 0.05) = $1.74832875
Using the Gordon growth model (GGM) formula, we can calculate stock price year 5 as follows:
Stock price at year 5 = Year 6 dividend / (rate of return - Constant annual growth rate after year 5) = $1.74832875 / (0.18 - 0.05) = $13.4486826923077
PV of stock price at year 5 = $13.4486826923077 / (1 + 0.18)^5 = $5.87854315096675
Value of the stock today = PV of year 3 dividend + PV of year 4 dividend + PV of year 5 dividend + PV of stock price at year 5 = $0.456473154509468 + $0.576394067982294 + $0.727819628214931 + $5.87854315096675 = $7.64
Therefore, the value of the stock today is $7.64.
Good Price Year 1 Quantity of Goods Year 1 Price Year 2 Quantity of Goods Year 2 Quarts of ice cream $4.00 3 $4.00 5 Bottles of shampoo 3.00 1 3.00 2 Jars of peanut butter 2.00 3 2.00 2
Complete question :
Good Price Year 1 Quantity of Goods Year 1 Price Year 2 Quantity of Goods Year 2 Quarts of ice cream $4.00 3 $4.00 5 Bottles of shampoo 3.00 1 3.00 2 Jars of peanut butter 2.00 3 2.00 2.
What was nominal GDP in year 1? What was real GDP in year 1?What was nominal GDP in year 2? What was real GDP in year 2?
Answer: $21 ; $21 ; $30 ; $30
Explanation:
Given the following:
Goods, price YR 1; qty YR 1; price YR 2; qty YR 2
Quarts of ice cream; $4.00; 3; $4.00; 5
Bottles of shampoo; $3.00; 1; $3.00; 2
Jars of peanut butter; $2.00; 3; $2.00; 2
A.) Nominal GDP in year 1:
NOMINAL GDP = SUMMATION OF THE PRODUCT OF PRICE AND QUANTITY OF GOODS FOR A PARTICULAR YEAR
QUARTZ OF ICE CREAM = $4 × 3 = $12
BOTTLE OF SHAMPOO = $3 × 1 = $3
JARS OF PEANUT BUTTER = $2 × 3 = $6
NOMINAL GDP = $(12 + 3 + 6) = $21
B) REAL GDP YEAR 1
REAL GDP = SUMMATION OF THE PRODUCT OF PRICE OF BASE YEAR AND QUANTITY OF GOODS FOR A PARTICULAR YEAR
QUARTZ OF ICE CREAM = $4 × 3 = $12
BOTTLE OF SHAMPOO = $3 × 1 = $3
JARS OF PEANUT BUTTER = $2 × 3 = $6
REAL GDP = $(12 + 3 + 6) = $21
C) NOMINAL GDP YEAR 2
QUARTZ OF ICE CREAM = $4 × 5 = $20
BOTTLE OF SHAMPOO = $3 × 2 = $6
JARS OF PEANUT BUTTER = $2 × 2 = $4
NOMINAL GDP = $(20 + 6 + 4) = $30
D)REAL GDP YEAR 2
REAL GDP = SUMMATION OF THE PRODUCT OF PRICE OF BASE YEAR AND QUANTITY OF GOODS FOR A PARTICULAR YEAR
QUARTZ OF ICE CREAM = $4 × 5 = $20
BOTTLE OF SHAMPOO = $3 × 2 = $6
JARS OF PEANUT BUTTER = $2 × 2 = $4
REAL GDP = $(20 + 6 + 4) = $30
Jake and Latasha Lalime live in Swarthmore, PA. Latasha's father, Musashi, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M).
A. Latasha gets a new video camera made in the United States.
B. Latasha's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
C. Jake's employer upgrades all of its computer systems using U.S.-made parts.
D. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
E. Jake buys a bottle of Italian wine.
Answer:
a. consumption
b. export
c. Investment
d. Government spending
e. consumption, import
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceeds import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
Latasha's purchase of the made in US video camera would be added as part of consumption spending by households on durable goods.
Latasha's father's purchase of Vermont syrup would be added as export in US's GDP. Export are goods that are sold to other countries.
government purchases includes all of the government spending.
the computer upgrade would be added a part of investment. Investment includes all of business spending.
Jake imported the wine, so it would be recorded as import and also as part of consumption spending on non durable goods
The closing of a real estate transaction generally involves two closings. One is the closing of the real estate sale in which the deed is delivered in exchange for the purchase price. The other is the closing of the
Answer:
Buyer's loan and the disbursement of the mortgage funds in exchange for the note and mortgage
Explanation:
The closing of a real estate transaction involves two closings. The parties to the contract are represented by atorrneys, and the deed is legally delivered to the buying party and the consideration to seller, along with the closing of the buyer's loan and this closing of buyer's loan involes the disbursement of mortgage funds for financing note and mortgage.
A prospective buyer made an offer to purchase a property. The owner responded with a counteroffer. While the buyer was reviewing the counteroffer, the owner received a better offer. The owner can accept the second offer if
1. it satisfies or exceeds all terms included in the counteroffer.
2. the owner withdraws the counteroffer before it is accepted.
3. the owner gives the first buyer notice that another offer was received and an opportunity to revise the bid.
4. the first buyer is informed, in writing, of the owner's intent to accept another offer.
Answer:
2, the owner withdraws the counteroffer before it is accepted.
Explanation:
When an offer is met with a counteroffer, until the counteroffer is accepted, there is always still the chance to withdraw the counteroffer. This usually happens when there is a new development as regards the offer.
From the above question, it can be seen that the owner of the property responded with a counteroffer to the buyer's offer. Now, while the counter offer is being considered by the buyer, the owner gets a better offer and as such needs to withdraw the counteroffer given to the buyer.
Since there hasn't been any positive response to signify interest or agreement to the counteroffer, the counteroffer can still be withdrawn by the buyer as there is no contract yet.
In the event that, the buyer accepts the counteroffer of the owner, the new offer will have to be forgone as there is an agreement already.
Cheers.
A registered representative was guilty of an undetected minor rule violation during the last year of employment at a broker-dealer firm. The representative has now decided to leave the industry. For how long might the representative still be subject to fines or other sanctions by Financial Industry Regulatory Authority (FINRA) if the violation is belatedly detected?
Answer: 2 years
Explanation:
From the question, we are informed that a registered representative was guilty of an undetected minor rule violation during the last year of employment at a broker-dealer firm and that the representative has now decided to leave the industry.
The representative will still be subject to fines or other sanctions by Financial Industry Regulatory Authority (FINRA) if the violation is belatedly detected for two years.
It should be noted that the Financial Industry Regulatory Authority retains the jurisdiction over an individual that is registered for 2 years when the individual leaves the industry.
A buyer offers the full $215,000 asking price for a house. The offer contains this clause: "Possession of the premises on August 1." The seller is delighted to accept the offer and signs the contract. First, however, the seller crosses out "August 1" and replaces it with "August 3," because of a business trip scheduled for the first of the month. The seller immediately books a moving company.. What is the status of this agreement?
Options:
) The man has accepted the woman's offer. Because the reason for the change was out of the man's control, the change is of no legal effect once he signed the contract. B) The man has rejected the woman's offer and made a counteroffer, which the woman is free to accept or reject. C) While the man technically rejected the woman's offer, his behavior in scheduling movers creates an implied contract between the parties.
Answer: The man has rejected the woman's offer and made a counteroffer, which the woman is free to accept or reject.
Explanation: Since there has been an alteration in the content of the initial agreement between the buyer and the seller, the agreement has become void and hence, the changes makes it a counteroffer which the buyer is free to accept or reject. Even though the change in the initial agreed document is the date, it is enough to render the initial document void as the terms is no longer consistent with what the potential buyer read and signed on.
Solare Company acquired mineral rights for $729,600,000. The diamond deposit is estimated at 45,600,000 tons. During the current year, 2,050,000 tons were mined and sold
Complete question :
Solare Company acquired mineral rights for $729,600,000. The diamond deposit is estimated at 45,600,000 tons. During the current year, 2,050,000 tons were mined and sold.
Determine the depletion rate. Determine the amount of depletion expense for the current year. Journalize the adjusting entry to recognize the depletion expense..
Answer: 1) $16 ; $32,800,000
Explanation:
Given the following :
Cost of mineral right = $729,600,000
Estimated deposit = 45,600,000 tons
Quantity sold mined and sold during current year = 2,050,000 tons
Depletion rate :
Cost of mineral right / Estimated volume of deposit
= $729,600,000 / 45,600,000
= $16
B) depletion expense for current year:
Depletion rate × quantity sold and mined in current year
$16 × 2,050,000
= $32,800,000
C.) Depletion expense - - - 32,800,000
Accumulated depletion - - 32,800,00
If a firm's business activities do not result in profit maximization, whilst alternatives exist, then such activities amount to irresponsible actions. Discuss any five sets of economic responsibilities firms must embrace to ensure the protection and enhancement of the business.
Explanation:
For a company to remain profitable and competitive in the market, it must build a solid and positive positioning that guarantees itself and its stakeholders reliability and competence.
For this, some practices must be adopted in all its internal and external processes. Can be:
Compliance with local legislation. Development of policies that promote ethical behavior .Development of social programs .Environmental management focused on minimizing environmental impacts. Transparency in accounting results.The company must institute social and environmental policies and practices since its strategic planning, as currently at a level of global competitiveness, companies are responsible for developing corporate governance with a focus on helping to promote good practices that assist in the development of society and preserving the environment. Having positive values builds a positioning that increases the reliability of the company's processes and ensures the continuous improvement of the processes, the reduction of waste, the attraction of investors, etc.
Several companies produce latex gloves that are used in a variety of different industries. If one of the glove manufacturers decreases its price by just a few percentage points, it will result in a significant increase in quantity demanded. The demand for latex gloves is:
Answer: elastic
Explanation:
From the question, we are told that several companies produce latex gloves which are used by different industries. We are further told that when one of the glove manufacturers reduces its price by just a few percentage points, this will result in a significant increase in quantity demanded.
Based on the explanation above, we can reduce that the demand for latex gloves is elastic. Elastic demand occurs when a change in price brings about a large change in the quantity demanded of a particular product. This is the scenario that happened regarding the latex gloves.