Answer:
C. Might incur and economic loss
Explanation:
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 28,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 500 and 80 units, respectively. Budgeted direct labor costs for June would be:
Answer:
$2,261,560
Explanation:
Budgeted finished goods inventory (June 1) = beginning = 500 units
Budgeted finished goods inventory (June 30) = ending =80 units
Planned sales (June) = 28,000 units
Direct labor hours = 4.1 per direct labor hour
Direct labor rate = $20 / direct labor rate
June production :
Planned sales + ending inventory - beginning inventory
(28000 + 80 - 500) units
= 27,580 units
Total Direct labor hour required for production :
27,580 × 4.1 = 113,078 labor hours
Cost of production:
Total direct labor hour × rate per hour
113,078 × $20 = $2,261,560
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
Answer:
For companies progress the employer should go for long process in which they can embrace the customer with attractive and responsive policies.
Explanation:
Now, these days companies are coming in front with the issues and responsibilities focus on the rights of women, to protect the environment, to attempt the action to literate the poor people at the level of national, international, and global levels. The companies that want to attract people at a global level they share an attractive hoarding for a customer as well as the shareholders.
To become responsible the company can use the image and be built the brand of the company.Social responsibility makes the employee responsible and encourages them to do something worthwhile for society.Social responsibility can empower the employee.To promote the social responsibilities that can boost the morale of employees.
Watters Umbrella Corp. issued 15-year bonds 2 years ago at a coupon rate of 8.2 percent. The bonds make semiannual payments. If these bonds currently sell for 85 percent of par value, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer: 10.32%
Explanation:
Given the following :
Assume par value of $1000
Payment is made semianually
Payment per period (PMT) = 85% of par value = [(8.2/100) × 1000] ÷ 2 = 82 / 2 = $41
Present value(PV) = 85% × 100 = $850
Years to maturity = (15 - 2) = 13 years
Therefore, number of periods = 13 × 2 = 26 ( since payment is made semianually).
In other to avoid computational complexity, we can use the online yield to maturity calculator or the excel formula :
Using the online calculator :
Yield to maturity = 10.32%
Which of the following would NOT cause a shift in supply? A. changes in the price of inputs B. changes in the price of other goods C. changes in consumer input D. changes in technology
Answer:
C.
Explanation:
The correct answer would be changes in consumer input.
The supply of a good can be influenced by changes in the price of inputs for that goods, changes in the price of substitute goods, as well as changes in technology that positively or negatively affect the production of such goods.
What will not affect the supply of any good is changes to consumer's input. An input generally referred to a substance that is required to produce an output. Unless the consumer of a good is also the producer of that good, a consumer's input will not impact the supply of a product.
The correct option is C.
in an arithmetic progression U5=-1/2 and S7=21 find a, d and U9
Answer:
The value of a, d, and U9 is "[tex]\bold{ \frac{27}{2}, - \frac{7}{2}, \ and , - \frac{29}{2}}[/tex]".
Explanation:
Given:
[tex]U_5=-\frac{1}{2}\\\\S_7=21[/tex]
Find:
a, d, U9=?
formula:
[tex]T_n=a+(n-1)d\\\\S_n=\frac{n}{2}(2a+(n+1)d)[/tex]
Solve:
[tex]\to U_5 = a+4d= -\frac{1}{2}\\\ \to 2a+8d= -1\\\ \to 2a= -1-8d....(a)\\\\ \to S_7 =\frac{7}{2}(2a+(7-1)d)\\\\ \to S_7 =\frac{7}{2}(2a+6d)\\\\ \to 21= \frac{7}{2} (2a+6d)\\\\ \ put \ the \ 2a \ value\\\\ \to 21= \frac{7}{2} ((-1-8d)+6d)\\\\ \to 21= \frac{7}{2} (-1-8d+6d)\\\\ \to 21= \frac{7}{2} (-1-2d)\\\\ \to \frac{21 \times 2}{7}= -1 -2d\\\\ \to 6 = -1 -2d\\\\ \to 2d=-7\\\\ \to d= -\frac{7}{2}[/tex]
put the value of d in equation a:
[tex]\to 2a= -1-8 \times \frac{-7}{2}\\\\\to 2a= -1+ 28\\\\\to 2a= 27\\\\\to a =\frac{27}{2}\\[/tex]
[tex]\to \bold{U_9 = a+8d}\\\\[/tex]
put a and b value in above equation:
[tex]\to U_9 = \frac{27}{2}+8\times\frac{-7}{2} \\\\\to U_9 = \frac{27}{2}- 28\\\\\to U_9 = \frac{27-56}{2}\\\\\to U_9 = \frac{-29}{2}\\\\[/tex]
The catapult systems repair crew on an aircraft carrier is responsible for repairing the system that launches the aircraft from the carrier. no two repairs are alike, and because pilots' lives are at stake, quality is imperative. repair personnel often have to develop creative solutions on the spot instead of depending on standard procedures. as a result, the most effective structure for the catapult systems repair crew is a(n) ________ structure.
Answer: Organic Structure
Explanation: Organic Structure may be explained as a type of organizational structure which often promotes creativity, being proactive and flexible decision making due to the unstable and dynamic nature of the work environment and problem the organization has to solve. In the scenario above, due to the risky nature of the task at hand, catapult repair crews do not posses the luxury of time to follow rigid orders, rules or follow a centralized model of problem solving. Therefore, a decentralized model is often adopted in other to afford the repair crew to use their tactical nous, experience and creative ability to approach, tackle and provide quick and quality solutions to lingering problems.
describe the similarities and differences between partnerships and sole proprietorships
Answer and Explanation:
In the case of a small business, a sole proprietorship or the partnership model is usually the most suitable. A sole proprietorship is a business owned and controlled by one individual, while a partnership is a business owned and managed by more than one person but less than twenty people.
What are the board directors in charge of
Answer:
The board of directors is elected to represent shareholders' interests
Explanation:
Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation. hope this helps you :)
An investment offers to double your money in 30 months (don’t believe it). What rate per six months are you being offered? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Rate %
Answer:
9.05%
Explanation:
The formula that would be used to fund the interest rate =
[(FV / PV)^1/N ] - 1
FV / PV = Future value/ present value = 2 (The investment offers to double the investment)
M = 5 (30 months / 6 months )
(2 ^1/8) - 1 = 0.090508 = 9.05%
I hope my answer helps you
Suppose Baa-rated bonds currently yield 6%, while Aa-rated bonds yield 4%. Now suppose that due to an increase in the expected inflation rate, the yields on both bonds increase by 1%. What would happen to the confidence index? (Round your answers to 4 decimal places.)
Answer:
Initial confidence index 66.67%
New confidence index 71.4%
Explanation:
Calculation of what would happen to the
confidence index
Using this formula
Confidence index=(Average yield for high grate bonds)/(Average yield for intermediate graded bonds)
Let plug in the formula
Initial confidence index=4%/6%
=0.6667 ×100
=66.67%
Due to increase in the yields the New Confidence Index will be;
New confidence index
=(4%+1%)/(6%+1%)
=5%/7%=0.7142857 or 0.714
0.714×100=71.4%
Hence, the New Confidence index tend to indicates slightly higher confidence and the reason for the increase in the index is the expectation of higher inflation.
or placing trade restrictions on other countries to shield domestic industries from
competition, takes many forms.
are taxes imposed on imported goods and services.
place limits on the amount of a good that can be imported from a particular country.
Early in the twentieth century, the United States imposed
Y agricultural
goods. While this measure protected US farmers, it caused European governments to impose
tariffs
on US products. Heavy tariffs on imports led to a drastic decline in international trade, which further weakened the
global economy and aggravated the Depression.
Today, some US workers believe the government should
protectionism to protect their industries from
foreign competition and prevent job
in the United States. This thought is shared by
some business owners as well.
Answer: protectionism, tariffs, quotas, tariffs, European,
retaliatory, increase, cheaper, losses
Explanation: Plato / Edmentum
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO - Credit Period = Days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91
Answer:
b. 22.38
Explanation:
The credit period to pay for merchandise is 45 days, sales for last year = $325,000, therefore sales/day (daily sales) = $325,000/365 = $890.41
Year-end receivables = $60,000
Company DSO = Year-end receivables/ daily sales = $60000/$890.41 = 67.38
The difference between the Company DSO and credit period determines if the payment is early or late. A positive answer indicates late payments, while a negative answer indicates early payments.
Therefore, Company DSO - credit period = 67.38 - 45 = 22.38
Since the difference is positive, it is a late payment
There are several steps you can take to reduce the potential of being a victim
of consumer fraud, including.
Answer:
Here are some steps to be taken to avoid being a victim of consumer fraud:
Spot Imposters: Scammers often pretend to be someone else, especially one you can trust, like a government official.Online searching: Search about the company of product online to see if it is legit or not.Don't pay in advance: Scammers always try to get money in advance, in terms of taxes or fees.Discuss with someone: Before giving someone your money, talk to someone you trust or preferably to an expert.Personal information: Don't given any unknown person your personal information, money, or any kind of financial detailsCreative Chronometer, Inc. is planning to launch a new brand of watches for kids. Similar watches are available in the market for $56. In order to penetrate the market, the company plans to use target pricing and desires a 28% net profit markup on total cost. Calculate the target cost. (Round your answer to the nearest cent.) $71.68 $43.75 $40.32 $15.68
Answer: $43.75
Explanation:
Given the following :
Markup on total cost = 28%
Projected selling price (price of similar products) = $56
Target cost = projected selling price - desired profit
Desired profit = 28% of target cost
Assume target cost = a
a = 56 - 28%a
a = 56 - 0.28a
a + 0.28a = 56
1.28a = 56
a = 56 / 1.28
a = 43.75
Therefore, target cost 'a' equals $43.75
which statement about capital gains taxes is true?
A. they increase the general price of services
B. they make the consumption of certain goods more expensive
C. they reduce the profit that can be made from an investment
D. they make home ownership more expensive
Answer:
C.
Explanation:
Capital Gain Taxes are the taxes paid by people on the capital gain. Capital gain can be defined as a rise in the value of an investment than the purchase value. In simple terms, when a price of a capital asset increases in the market than the price used for the purchase, the investor has to pay the capital gain taxes.
From the given options, the correct statement for the capital gain taxes is option C. It reduces the profit earning from the investments. The investor has to pay the tax according to the tax bracket which varies from 0%, 15% or 20%.
So, the correct answer is option C.
A firm issued $15 million in preferred stock at a price of $3.25 per share. The preferred shares carry a 13% dividend, or $0.43 annually. After paying fees and costs, the firm realizes $2.89 per share issued. What is the cost of capital for this issuance of preferred stock?
Answer:
14.8%
Explanation:
Cost of capital for preferred stock can be calculated by a simple formula
Formula: Cost of preferred capital = dividend/(Current price - floatation cost)
As you can see in the question data current price - floatation cost and dividend is already given as $2.89 and $0.43 respectively. We just need to put values in formula.
Cost of preferred capital = $0.43/$2.89 x 100
Cost of preferred capital = 14.8%
Anna Maria made quarterly deposits to her savings account each quarter over a 4-year period. The account pays 8% compounded quarterly and each deposit was for $250. Anna wishes to purchase some artwork for a birthday gi6 for her favorite aunt. How much does she have available to make her gi6 purchase?
Answer:
The correct answer will be "$4659.83".
Explanation:
The given values are:
Deposit amount
= $250
Account pays
= 8%
Time period
= 4 years
As we know,
⇒ Future value = Deposit Amount × FVAV (r, n)
On putting the estimated values, we get
⇒ = [tex]250\times FVAV[\frac{8 \ percent}{4}, (4\times 4)][/tex]
⇒ = [tex]250\times FVAV (2 \ percent, 16)[/tex]
⇒ = [tex]250\times 18.6393[/tex]
⇒ = $[tex]4659.83[/tex]
Note : % = percent
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,300 of direct materials and used $3,800 of direct labor. The job was not finished by the end of the month, but needed an additional $2,800 of direct materials and additional direct labor of $6,100 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B?
Answer: $13,700
Explanation:
Given the following :
Month of September:
Direct materials = $2300
Direct labor used = $3800
Overhead = 200% of direct labor cost incurred
Therefore September overhead :
200% × $3800
2 × $3800 = $7,600
Work in process account at the end of September :
Direct labor cost + direct material cost + overhead
$3800 + $2300 + $7600 = $13,700
Tony, Juan, and Isabel live in a city where the combined state and local sales tax rate is 8%. They each purchased the same computer and paid $160 in sales tax. A 5-column table has 3 rows. The first column has entries Tony, Juan, Isabel. The second column is labeled Income with entries 10,000, 50,000, 75,000. The third column is labeled Cost of computer with entries 2,000, 2,000, 2,000. The fourth column is labeled Sales tax paid with entries 160, 160, 160. The fifth column is labeled tax rate with entries 1.6 percent, 0.32 percent, and 0.21 percent. This scenario describes a tax system. Isabel pays Tony and Juan on the computer. pays the highest tax rate on the computer. would be the most affected by an increase in the sales tax rate.
Answer:
Tony pays the highest tax rate on the computer, not based on the nominal sales tax rate, but on the percentage that the tax represents of his total income.
His income is $10,000, and he pays $160 in sales tax, for an effective rate of 1.6%.
The person who would be the most affected by an increase in the sales tax rate is again, Tony, simply because he has the lowest income. Juan and Isabel would also be affected by a sales tax increase, but on a much lower scale (because their incomes are also a lot larger).
a) The scenario described by the 5-column table with 3 rows showed that Tony paid the highest tax rate (effective) on the computer, based on his income level.
b) Tony would be the most affected by an increase in the sales tax rate because his effective tax rate would increase, causing him to suffer the most.
What is a sales tax?A sales tax is a proportional tax that charges the same percentage on the consumption of goods and services without considering a person's income level.
Data and Calculations:Tax Payer Income Cost of Computer Sales Tax Paid Tax Rate
Tony $10,000 $2,000 $160 1.6%
Juan 50,000 2,000 160 0.32%
Isabel 75,000 2,000 160 0.21% ($160/$75,000 x 100)
Thus, this scenario of a tax system illustrates that sales tax is not progressive, but it is proportional since it is based on consumption and not income level.
Learn more about sales taxes at https://brainly.com/question/9437038
can someone answer me this please
Answer:
Higher fixed costs and Deteriorating net cash flow postion
Explanation:
Becton labs, inc., produces various chemical compounds for industrial use. one compound, called fludex, is prepared using an elaborate distilling process. the company has developed standard costs for one unit of fludex, as follows:
Answer:
The company has developed standard costs for one unit of fludex, as follows: During November, the following activity was recorded relative to production of fludex.
Explanation:
1) Real Price in Material Price Variance = 225000/12000 = 18.75
2) Standard Quantity in Material Quantity Variance = 3750*2.5 = 9375
3) Real Quantity in Material Quantity Variance = 12000 - 2500 = 9500
4) Real Hours in Labor Rate Variance/Labor efficiency Variance = 35*160 = 5600
5) Common Hours in Labor efficiency Variance/Variable Overhead efficiency Variance = 1.4*3750 = 5250
6) Real Rate in Variable Overhead Rate Variance = 18200/5600 = 3.25
1. If the risk-free return were 4.0% and a security's beta coefficient were 2.0, what would be the required rate of return for the security? 4% 5% 10% 14% 2. If the risk-free return (inflation) increases by 2 percentage points, the required rate of return stays the same for all securities increases the same 2 percentage points for all securities increases for some securities and decreases for others depending on the beta coefficient cannot be determined without more information 3. If the risk-free return (inflation) increases by 2 percentage points, then for the security market line both the y-intercept and the slope remain the same the y-intercept changes and the slope remains the same the y-intercept remains the same and the slope changes both the y-intercept and the slope change
Answer:
1. Use CAPM to solve
Required Return = Risk Free Rate + beta(market premium)
= 4% + 2(5%)
= 14%
2. Increases the same 2 percentage points for all securities
If the risk-free return increases by 2%, then it would become 6%.
The required return becomes;
= 6% + 2(5%)
= 16%
Required return increases by 2% to 16%.
3. The y-intercept changes and the slope remains the same.
The formula for the Security Market Line is the CAPM formula.
The normal formula for a line takes the form;
y = mx + c
Where c is the y intercept and m is the slope.
The CAPM formula is the same at;
R = rF + brM
The beta is the slope and the risk free rate is the y intercept. If the risk-free rate increases by 2% then the y-intercept will change by those 2 percentage points but the beta will remain the same.
Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format segmented income statement shown below:TotalCompany North South Sales $ 600,000 $ 400,000 $ 200,000 Variable expenses 360,000 280,000 80,000 Contribution margin 240,000 120,000 120,000 Traceable fixed expenses 132,000 66,000 66,000 Segment margin 108,000 $ 54,000 $ 54,000 Common fixed expenses 56,000 Net operating income $ 52,000 Required:1. Compute the companywide break-even point in dollar sales . 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. (Round your break-even dollar sales to the nearest whole number.)
Answer:
1. BEP Company 470,000
2. BEP North 220,000
3. BEP South 110,000
Explanation:
The formula for BEP( Break even point)
Break even point in dollars = Fixed cost / Contribution margin ratio , where
Contribution margin ratio = Contribution margin / Sales revenue
To get started, Contribution margin ratio needed to be calculated.
North CMR = 120,000/400,000
= 0.3
South CMR = 120,000/ 200,000
= 0.6
Company = 240,000/600,000
= 0.4
Therefore, BEP(Dollars)
BEP(Dollars) = Fixed cost/ Contribution margin ratio
North = 66,000 / 0.3
= 220,000
South = 66,000 / 0.6
= 110,000
For the company, we will need to add common and segmented fixed cost;
Common fixed cost. 56,000
Segmented fixed cost 132,000
Total fixed cost 188,000
= 188,000 / 0.4
= 470,000
In 18th century, what was the main reason of slow down of Indian Foreign Trade
Answer:
Introduction to India’s Foreign Trade:
Even being a typical poor underdeveloped country, India’s foreign trade was in a prosperous state during the period under review. In terms of volume of trade and the range of commodities entering into trading list, India was better placed compared to other contemporary underdeveloped countries. But that must not be viewed as an indicator of prosperity. Above all, her pattern of trade was definitely different from those of other underdeveloped countries.
India’s composition of trade (i.e., pattern of imports and exports) before 1813 included manufactured goods as well as primary articles in export list and metals and luxury products in the import list. But such pattern of trade was supplanted by the import of manufactured goods and exports of agricultural raw materials and food grains during much of the nineteenth and twentieth century. This must not be the sign of prosperity or cause for jubilation.
Explanation:
Rather, this situation generated much heat and controversy because, instead of being an engine of growth, foreign trade, as engineered by the British Government, exacerbated economic exploitation. It hampered the process of industrialization. It brought untold misery to the masses. Most importantly, of course partly the backwardness of Indian industry and agriculture is ‘the effect of its external trade which moulded into shape the productive mechanism of the country.’
To understand the nature of the controversy it will be fruitful to tell something about the history of India’s foreign trade during 1757 and 1947. The growth of foreign trade during the two centuries can be divided into following unequal periods: 1757 to 1813, 1814 to 1857, 1858 to 1914, and from 1915 to 1947.
The first period—the early years of the British East India Company (EIC)—is known as the ‘age of mercantilism’. During the period under consideration trade statistics is not available. However, some sort of institutional changes in trade took place during this period.
In the mid-18th century, Indian foreign trade was mainly conducted by the English, Dutch, French, and Portuguese traders and merchants. But the revolution of 1757 strengthened the supremacy of the British EIC. In the process, the EIC monopolized trade and ousted the other merchants and traders.
There are now twice as many people in the household, but your income has also doubled. Is your new tax liability about twice as much as when you were single, more than twice as much, or less than twice as much? Tell whether you think this difference- or the lack of one- seems fair
Answer:
It is fair because due to marriage the resources tends to accumulate and thus the common expenses like living housing eating costs goes down than they were sustaining when they were not married.
Explanation:
Solution
It will result in higher tax due to the marginal rate rising due to increase in income plus due to joint filing after marriage.
The difference seems to be fair from the point of view that due to marriage the resources become pooled and thus the common expenses like living housing eating costs come down than they were incurring when they were single. Hence, they can now afford to pay higher taxes and it kind of does seem fair.
Which of these best states why someone would use a budget? A. People need to keep a budget to know how much income tax to pay. B. Having a budget is the only way to get a government appropriation. C. Budgets help people keep their expenses below their income. D. Fixed expenses can be reduced by using a strict budget.
2b2t
Answer: C. Budgets help people keep their expenses below their income.
Explanation: The act of budgeting could be explained as a process of keeping track of one's income or revenue as well as spending or expenses over a certain period of time. This is particularly necessary in other to ensure that one maintains a reasonable spending behavior which ensures that spending does not outweigh revenue. This will ensure that such individual is safe from excessive debt. With the aid of a budget, one can avoid unnecessary financial strain on expected revenue through thorough planning of expenses and avoiding spending activities beyond one's revenue bracket.
Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___.
Complete question:
Petra owns a coffee shop. She has ten employees.In 2007, she paid her employees minimum wage ($5.85 an hour).In 2008, the minimum wage increased to $6.55 an hour.In 2009, the minimum wage increased to $7.25 an hour. Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___
Answer: $2340 ; $14,560
Explanation:
Given the following :
2007 minimum wage = $5.85/ hour
2008 minimum wage = $6.55/ hour
2009 minimum wage = $7.25/ hour
Number of Employees = 10
Number of hours = 40 hours per week for 52 weeks
Amount spent on wages per week in 2007:
Minimum wage × number of employees × number of hours per week
= $5.85 × 10 × 40 = $2340
B.)
wage increase between 2008 - 2009:
$7.25/hour - 6.55/hour = $0.7/hour
Therefore, increase in annual budget equals:
Wage increase × number of employees × number of hours per week × number of weeks
= $0.7 × 10 × 40 × 52 = $14,560
Answer:
$2340 ; $14,560
on E2020 HAVE A GREAT DAY!!! :)
Drug trafficking is a menace in our society, suggest 5 possible solutions to drug trafficking in the world
Answer:
Drug trafficking is a critical concern in the modern world.
Explanation:
Limiting the prescription of addicting drugs and looks for natural remedies.If there are specialized task force officials in each state dedicated to minimizing drug trafficking, then that will also possibly restrict the number of people participating in this trade.A comprehensive program that deals with illicit and illegal substances for sale.Offer victims counseling, rehabilitation, and recovery treatment.Although sound controversial legalization of drugs and its systematic monitoring removes the need for drug trafficking.if the government determines whether you get an apartment, you are most likely living in a [1] economy. In a [2] society, the government controls the resources. In a [3] society, the community in theory is supposed to control the resources, but in reality, the [4] does.
[1]- a. command
b. market
c. traditional
[2]- a. capitalist
b. communist
c. socialist
[3]- a. capitalist
b. communist
c. socialist
[4]- a. government
b. individual
c. market
Answer:
1. a. Command
2. c. Socialist
3. b. Communist
4. a. Government
Explanation:
"If the government determines whether you get an apartment, you are most likely living in a Command economy. In a Socialist economy, the government controls the resources. In a Communist society, the community, in theory, is supposed to control the resources, but in reality, the Government does."
1. A command economy is a type of economy where the government determines what is produced when it is produced, the quantity, as well as the price at which commodities are produced. The government also determines other activities in the economy such as the assignment of living spaces as well as the investments in the economy.
2. A socialist economy is an economy where goods are produced for consumption and are distributed to ensure equity by a centrally placed authority, which is the government.
3. A communist society according to Karl Marx is a classless society where all the resources belong to the entire community and properties are not owned by private individuals. In reality, though, the government actually controls the resources in this type of society. China is a country that practices communism.
the team is struggling to agree on the story point sizing of a new user story. The PO was previously a related domain expert and feels the team is wasting time. What should he do?
Answer:
Continue to support the team's decision on sizing.
Explanation:
User story is usually written by a product owner and it is created to making sure that what the customer requires are well documented and clear to all the parties involved before rolling out the product.
The product team would usually deliberate upon the story presented by the product owner and come up with an agreed user story after point sizing and deliberation .
While the team is struggling coming to terms with an acceptable user story with regards to the above; the product owner who is a expert in domain expert and who feels the team is wasting time has no choice than to continue to support the team's decision on sizing because she is part of the team and moreover, product owners are more team oriented unlike product managers who are business oriented.