Explanation:
The free market is one where there is freedom of choice, that is, exchanges between goods and services in the market are carried out freely with minimal influence from the state.
Therefore, the free market predominates in capitalist countries, it is the law of supply and demand that will influence the economy, supply being the quantity of a good offered in the market and demand the quantity of a good that consumers are looking for to buy. Since one influences the other, in an ideal economy, the law of supply and demand is balanced.
A company's profit can be affected by the free market by economic variables that cause supply and demand to decrease, like many competitors in the market, economic crisis, shortage of raw materials, etc.
What is the relevance of microeconomics to an entrepreneur? How does the law of demand affect an entrepreneur’s decisions?
Explanation:
Microeconomics helps businesses understand why consumers choose to spend their money and on what. The science behind the way consumers and even businesses purchase can influence what is sold, how and why. Ultimately, nearly all business is about supply and demand.
What is an accurate definition of an ability?
Answer:
Ability is possession of the means or skill to do something.
Answer:
ability and talent mean physical or mental power to do or accomplish something.
Explanation:
I hope this helps. xD
Helen and her friends want to start a new software firm. Its business plan has been finalized. Helen is in charge of the human resource (HR) planning process for the new firm. She needs to examine and decide the types of jobs required to run the firm. In the context of HR planning, which of the following processes is Helen responsible for?
a. Job analysis
b. Internal recruitment
c. Employee selection
d. Management development
Answer:
a. Job analysis
Explanation:
Job analysis in human resources(HR) entails identifying the responsibilities , duties and functions associated with a given job role. Certain criteria such as relevant qualifications needed to perform better on the job and conditions under which the work will be performed are also part of Job analysis.
In job analysis, what is quite important is that it is the job that is assessed and not the person filling the job role whilst job analysis data may be retrieved by human resources(HR) from the person currently on the job role . Examples of areas where job analysis may be applied in an organization are in risk management, career and succession plan, recruitment and selection etc.
Your organization has experienced multiple incidents of graffiti tagging and people loitering in the parking lot despite the chain-link fence surrounding it. What is the best solution to the issue
Answer: Change the chain-link fencing to anti-scale fencing
Explanation:
Graffiti refers to the drawings or the writings on a surface in public places and tagging simply has to d with writing of artist's logo signature, or names,on a wall.
The best solution to the issue of graffiti tagging and people loitering in the parking lot is to change the chain-link fencing to anti-scale fencing. By doing this, people won't be able to loiter around.
Which of the following would be a producer?
Csomeone owning a book store
Csomeone shopping in a grocery store
Csomeone putting gas in a car
Csomeone waiting in line at a bank
Someone owning a book store would be a producer.
Who is a producer?This is an individual or firm that is involved in production process such as buying of raw materials and the transformation into a finished product.
The person could be involved in rebranding or packaging.
Therefore, Someone owning a book store would be a producer.
Learn more on producer here,
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A residential property sold for $482,500. You estimate the land value to be $150,000 and the site improvements to be worth $25,000. The house contained 2,930 square feet of GLA. What is the indicated allocated value per square foot of the dwelling?
Answer: $104.78
Explanation:
Total allocated value per square foot = Selling price - land value - site improvement
= 482,500 - 150,000 - 25,000
= $307,000
Allocated value per square foot = 307,000/2,930
= $104.78
_____ managers are responsible for departments that perform a single functional task and have employees with similar training and skills.
Answer:
Functional
Explanation:
Functional managers are responsible for the management and provision of control over a business unit in an organisation. They manage people and the resources in a business unit such as marketing, customer care unit etc. One of the many advantages of functional management in an organization is that they focus on certain area of specialization, meaning that workers have special skills related to their job functions.
In bronfenbrenner's model, marrying and getting divorced are examples of
Answer:
In bronfenbrenner's model, marrying and getting divorced are examples of ecological transitions
Suppose that a consumer has a marginal propensity to consume of 0.7. If this consumer earns an extra $2, her consumption spending would be expected to
Answer:
Her consumption spending will rise by $1.40
Explanation:
Marginal propensity to consume is 0.7. This information means that the individual will consume 70% of every single dollar she earns. Hence, if she consumer earns an extra $2, her consumption spending will rise by $1.40
A copy machine cost when new and has accumulated depreciation of . Suppose discards this machine and receives nothing. What is the result of the disposal transaction?
Answer:
$1,000 loss
Explanation:
The numbers are missing here, so I looked for a similar question:
A copy machine cost $5,000 when new and has accumulated depreciation of $4,000.
The carrying value of the copy machine = purchase cost - accumulated depreciation = $5,000 - $4,000 = $1,000
if the copy machine is discarded and doesn't get any money for it, this will result in a loss equal to the carrying value = $1,000
What accounting principle states that an asset or liability should be recorded at the amount given or received in the exchange transaction
Answer:
Historical cost.
Explanation:
Historical cost is an accounting principle which states that an asset or liability should be recorded at the amount given or received in the exchange transaction.
Under the Generally Accepted Accounting Principles, the historical cost concept is used for fixed assets in the United States of America. It is also known as the cost principle of accounting.
Indicate whether the following events would cause an "increase or a decrease in demandLOADING..." or an "increase or a decrease in the quantity demanded" for cable-based Internet access service, which is a normal good. a. Firms providing wireless (an alternative to cable) Internet access services reduce their prices. This will cause a(n) A. increase in demand. B. increase in quantity demanded. C. decrease in demand.
Answer:
A. increase in demand.
Explanation:
In this specific scenario, a reduction in the prices of these services would cause an increase in demand. This is because the prices will become very competitive to those already in the market, which will ultimately entice customers to want the service as they will be saving a large percentage of money and still acquire the internet services that they require.
Withdrawal of Finished Goods from stock for destructive testing:
a. Reflects the issuing of Raw Materials or Semi-Finished Goods to a Production Order
b. Reflects the completion of production and the movement of Finished Goods to storage
c. Indicates shipment of Finished or Trading Goods to a customer Scrapping obsolete material.
Answer:
Explanation:
Destructive testing is a quality affirmation procedure where a specimen of an item produced is subjected to a destructive physical analysis in order to understand its performance and behavior under different unfavorable conditions and situation . Examples are tension tests ,bend tests and pressure test.
It is always a last stage of a production procedure that occurs after the completion of production before storage.
For finished goods , destructive testing reflects the completion of goods and and the movements of the finished goods to storage.
Phillip, a real estate broker, represents a Caucasian client seeking to rent a new apartment. Philip wrongly believes that his client would not be interested renting in a predominantly Chinese neighborhood and proceeds to show apartments accordingly. Phillip is guilty of the:________
Answer:
Steering
Explanation:
Steering is a form of practice in real estate, often believed to be discriminatory, which involves real estate broker believing his or her clients will not like a particular area or neighborhood because of their races, thereby restricting the client's alternatives to a particular area instead of all the exploring all the available options for the client.
Hence, in this case, the correct answer is STEERING.
Many cutomers feel neglected once they place an order with a company because the saleperson has many new customers and is not as attentive as he or she was previously.
a. True
b. False
Answer:
a. True
Explanation:
Lets imagine an example that can happen to anyone: A salesperson contacts you several times because you are interested in buying a new car but you are not sure which one. Once you decided which car you want and place your order, you generally have to wait a few hours or even a couple of days. But after the sale was closed, the salesperson disappears and if you want to ask him/her about your car, he/she is too busy and tells you to contact someone else in the company.
This happens not only with cars, it also happens when you place certain custom orders, insurance policies, etc. Once the deal is closed and you pay, the salesperson turns away and looks for new clients. This is extremely frustrating and yes, makes you feel neglected.
According to this doctrine, an agency relationship which is created after the fact when the principal agrees to be bound by the actions of the agent who was acting without authority, is known as...?
Answer:
Agency by ratification
Explanation:
Agency by ratification is a situation where an agent or a company performs an act while claiming to be the agent of another person without his knowledge.
The principal later accepts and recognises the action as being on their behalf after the fact.
Normally the action by the agent would be invalid, but if it is recognised by the principal it is called agency by ratification and the action is now valid.
When an unauthorised action is taken on behalf of a principal he has the final decision on whether to adopt by signing, or not to adopt
Bloomberg LP, in partnership with the National Conference on Citizenship and Points of Light, has created a scorecard of America's top community-minded companies which they call the
Answer:
Civic 50.
Explanation:
Bloomberg LP, in partnership with the National Conference on Citizenship and Points of Light, has created a scorecard of America's top community-minded companies which they call the civic 50. It was launched in the United States of America in 2012 and is a program designed and established to recognize and honour the fifty (50) most philanthropic, community-minded or socially responsible companies in the United States of America each year, determined by True Impact through an annual survey. These fifty (50) companies are selected based on this criteria; investment, integration, institutionalization and impact.
Demi loves playing online games. She surfs through many websites to find new, interesting games. One day she finds that her mailbox is filled with emails suggesting websites for online games and ads promoting a few online offers. In this scenario, a(n) _____ tracks Demi's computer behavior to send her targeted mails and ads.
Answer:
Spyware.
Explanation:
Demi surfs through many websites to find new, interesting games because she loves playing online games. Consequently, she finds that her mailbox is filled with emails suggesting websites for online games and ads promoting a few online offers. In this scenario, a spyware tracks Demi's computer behavior to send her targeted mails and ads.
Spyware can be defined as a software application or program that covertly obtains or gather informations from a user's digital device activities such as username, password, email, credit card data, website history, and transmits (reports) it to another user.
In an attempt to increase sales, JCPenney has increased its advertising and sales promotions in its current markets, hoping to attract new customers and get existing customers in the doors. Which growth strategy is JCPenney employing
Answer: Market penetration
Explanation:
Market penetration can be defined as the comparison of the assessment of how much product has been sold relative to the total market has been estimated to be covered for that particular product. It is expressed in percentage. The market penetration can be enhanced by increasing the advertisement of the product and promoting the sales.
Hence, market penetration is the growth strategy, which JC Penney is applying.
What does this sign mean?
Answer:
Pedestrian : A person who walks on foot rather than in vehicles.
On January 1, 2017, the dental partnership of Angela, Diaz, and Krause was formed when the partners contributed $39,000, $67,000, and $69,000, respectively. Over the next three years, the business reported net income and (loss) as follows: 2017 $ 79,000 2018 51,000 2019 (34,000 ) During this period, each partner withdrew cash of $15,000 per year. Krause invested an additional $6,000 in cash on February 9, 2018. At the time that the partnership was created, the three partners agreed to allocate all profits and losses according to a specified plan written as follows: Each partner is entitled to interest computed at the rate of 10 percent per year based on the individual capital balances at the beginning of that year. Because of prior work experience, Angela is entitled to
A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a(n) _____ system.
Answer:
differential rate.
Explanation:
A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a differential rate system.
According to Frederick Winslow Taylor, a mechanical engineer and father of scientific management, some efficient workers may earn higher wage than their colleagues.
what is medium level profession
Directions: Something that is valuable is scarce and give utility. Something that isn't value either doesn't give utility, or it is not scarce. Identify 2 objects in your house: one object must have value to you or your family (think about how upset you or your family would be if was lost, stolen, or broken). The other object must have little value (nobody would really notice or be upset if it was lost, stolen, or broken). Explain why these objects are valuable/not valuable in terms of utility and scarcity. Object 1: Object 2:
Answer:
Scarcity and Utility
I will explain the concepts of scarcity, value, and utility using my laptop and some writing pens. I have only one laptop available in my family. I use it 24-hours daily. I attach so much value (utility) to the laptop because it is only one. It is very scare in my household. On the other hand, I have a packet of writing pens. Pens are relatively not scare in my household. If my laptop is missing, I will raise uproar in the house. Everybody present will answer a tedious query. But, if one of the pens gets missing, I may not even be aware that it is missing. At the moment, I do not attach much value (utility) to the writing pens because I have many of them presently . Writing pens are not scare in my household, as I said earlier.
Using these examples, I have demonstrated the concepts of scarcity, utility, and value.
Explanation:
Therefore, scarcity is defined by the value and the relative availability of a good. Scarcity is a basic economic problem that shows the gap existing between limited resources and unlimited needs. Based on the lack experienced with satisfying a need, one has to always choose between alternatives in order to maximize resource allocation and utility.
Utility in Economics refers to the value or satisfaction derivable from the meeting of a human or economic need. It is initially connected to the concept of scarcity. But after attaining some level of utility, scarcity temporarily evaporates. And this is the dividing thin line. This is why they are mostly used together. "Something that is valuable is scarce and give utility." Something that is not highly valuable is not usual scarce and does not give much utility, at least, to an extent.
Hap owns and operates a small business with only four full-time employees and less than $500,000 in annual sales. He currently uses a manual accounting system and relies on a part-time bookkeeper to keep his records in order. In evaluating the possible adoption of a computerized accounting system, Hap will probably discover that:
Answer:
Computerized accounting has a lot of advantages over manual accounting when rightly implemented
Explanation:
Computerized accounting is an integrated accounting system that uses program software stored on a computer or server to perform account functions. It can be a tailored or off the shelve software for that purpose.
It is easier to use , faster , and more accurate when compared to the manual accounting , which makes it more helpful especially for small business owners that do not have a good structure in place.However , the initial set up cost is high , and this need to be considered by small businesses before adoption. Moreover , as they come in different format , a small business may need to consult expert for the type that is mostly suitable for his business as well.
Directly comparing a static planning budget to actual costs helps to distinguish between differences in costs that are due to changes in activity and differences that are due to how well costs were controlled.
a. True
b. False
Answer:
The correct answer is the option A: True.
Explanation:
To begin with, the name of "Static Planning Budget" refers to a type of budget that is used by the companies who need to keep the track of the information regarding the costs of the production and much more. The principal characteristic of this type of budget is that, as its name says, it stays static during the whole production, no matter what changes truly happen during the process. Therefore that this budget focus on keeping everything going as planned and not chaning anything. That is why that directly comparing it with the real costs will help to see the differences that happended because of the changes in activity and how well the costs were controlled by the company.
____ resources are resources that each partner brings to the partnership that, when combined, allow for new resources or capabilities that neither firm could readily create alone. Complementary Synergistic Intangible Creative
Answer:
Complementary
Explanation:
The complementary resource is a term that describes a type of resources contributed by each partner to a business or investment. In other words, it is the resources each partner brings to the partnership that, when merged together, provide for new resources or capabilities that neither firm could readily create alone.
Hence, the right answer is COMPLEMENTARY RESOURCES
Alex is training for a triathlon, a timed race that combines swimming, biking, and running. alex has only 20 hours per week that he can devote to training for his race. which basic principle of individual choice does this sentence best illustrate? people usually exploit opportunities to make themselves better off. all costs are opportunity costs. many decisions are made on the margin. resources are scarce.
Answer: Resources are scarce.
Explanation:
In making economic decisions we must always realize that resources are scarce. For some of us some resources are not as scarce as they are for others. Time however is one resource that seems scarce for the vast majority of people.
Alex is training for the triathlon which involves 3 different endurance sports and yet he only has 20 hours in a week to do so. This perfectly encapsulates the issue of time scarcity as each of those activities should take hours in a week to be trained for individually and put together will be more and yet he can only offer them 20 hours.
Sheridan Company started the year with total assets of $214000 and total liabilities of $124000. During the year the business recorded $339000 in revenues, $150000 in expenses, and dividends of $65000. The net income reported by Sheridan Company for the year was
Answer:
Net income is $189,000
Explanation:
Net income for the year = Revenue - Expenses
= $339,000 - $150,000
= $189,000
WILL GIVE BRAINLY!!!!!!!!!!
Explain the differences between occupations, industries, and work options.
Answer:
In general, an industry refers to the type of firm for which a person works. ... However, the final product or service is usually similar for establishments within an industry. On the other hand, an occupation refers to a specific task or set of tasks.