Answers
Answer:
B. The mixed economy.
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.
Basically, there are four (4) main types of economy and these are;
I. Command economy.
II. Free market economy.
III. Traditional economy.
IV. Mixed economy.
A mixed economy can be defined as a type of economy in which the government of a particular country is minimally involved in the allocation and production of goods and services while protecting the interest of the consumers and regulating the market by establishing laws.
This ultimately implies that, a mixed economy is a combination of two or more economy such as centralized economy and capitalist economy i.e the state and private sector control the economy in a country.
Related Questions
Effective controls relevant to purchasing of raw materials should usually include all of the following except Obtaining third-party written quality and quantity reports prior to payment for the raw materials. Determining the need for the raw materials prior to preparing the purchase order. Systematic reporting of product changes that will affect raw materials. Obtaining financial approval prior to making a commitment.
Answers
Answer:
. Obtaining third-party written quality and quantity reports prior to payment for the raw materials
Explanation:
Purchases of raw materials can be regarded as purchases of all commodities that is required as inputs in the process of production as well as related to the supply of factors of production. It should be noted that Effective controls relevant to purchasing of raw materials should usually include; ✓Determining the need for the raw materials prior to preparing the purchase order.
✓Systematic reporting of product changes that will affect raw materials. Obtaining financial approval prior to making a commitment.
The natural rate of unemployment is best defined as A. the state of the economy when there is zero unemployment. B. the rate of unemployment when there is no frictional or cyclical unemployment. C. the rate of unemployment when there is no cyclical or structural unemployment. D. the rate of unemployment after all workers and employers have fully adjusted to all changes in the economy.
Answers
Answer:
The answer is D
Explanation:
Natural rate of unemployment is the rate at which labor market is in equilibrium. In other words, it is the the rate of unemployment after all workers and employers have fully adjusted to all changes in the economy.
A person of color has been working at consulting firm for a few years and has noticed that despite his best efforts and outstanding performance, he is constantly overlooked for promotions and raises. His supervisor always gives him poor feedback despite the clients always being impressed by his contributions. Additionally, he never receives training or mentoring opportunities to advance his career. This situation demonstrates what type of discrimination
Answers
Answer:
Disparate treatment discrimination
Explanation:
This situation demonstrates Disparate treatment discrimination. This is because The individual in this scenario is exceeding expectations in regards to his work performance and is still being mistreated. Apparently, he is the only one being mistreated even though he is in the exact situation as all his other co-workers aside from the fact that he is outperforming them. Therefore, this means that the reason that he is being discriminated is due to some protected characteristic, which in this case seems to be the color of his skin and his culture.
If you could choose to be anything you want, what would you choose to be and why? 2-3 paragraphs
Answers
He is the oldest rapper alive being 300 years old he also dropped the best album of this generation in 2012 he is still making music he has mutiple cars and houses he had mutiple baby moms he’s rich
Miss T's Ice Tea hit the ground running with its new product launch this year. At the end of the year, after taxes, they have $2,390,000 in revenues. They also have paid $800,000 for ingredients and supplies, $235,000 in wages, and $75,000 in rent. How much accounting profit did they make
Answers
Answer:
the accounting profit did they make is $1,280,000
Explanation:
The computation of the accounting profit is shown below:
= Revenue - ingredients - wages - rent
= $2,390,000 - $800,000 - $235,000 - $75,000
= $1,280,000
hence, the accounting profit did they make is $1,280,000
The same should be considered and relevant
If the​ firm's average cost curves are​ U-shaped, why does its average variable cost curve achieve its minimum at a lower level of output than the average total cost​ curve? The average variable cost curve will achieve its minimum at a lower level of output than the average total cost curve because A. average total cost equals average variable cost plus average fixed​ cost, and the average fixed cost curve continues to fall as more output is produced. B. average total cost equals average variable cost minus average fixed​ cost, and the average fixed cost of production reaches its minimum at a higher level of output than the average variable cost curve . C. average total cost equals average variable cost plus average fixed​ cost, and the average fixed cost of production is constant . D. average total cost equals average variable cost plus average fixed​ cost, and the decrease in average fixed costs with output is always smaller than eventual increases in average variable costs with output. E. average total cost equals average fixed cost plus marginal​ cost, and the marginal cost curve continues to fall as more output is produced.
Answers
Answer:
A. average total cost equals average variable cost plus average fixed cost, and the average fixed cost curve continues to fall as more output is produced.
Explanation:
The average cost is defined as the total cost of a product or item divided by the total number of the product produced. The average cost refers to how many firms or organizations choose to price their products.
The average cost curve is always a U-shaped curve.
The average total cost = average variable cost + average fixed cost
When we graph them, the average fixed cost is the difference between the U-shape ATC (average total cost) and the AVC (average variable cost).
The average variable cost is sloping downwards at all the levels of the output and as a result the average fixed cost also also continues to fall.
Thus the correct option is (A).
Dan just lost his job. At 44 years old, he worked as a middle manager at a well-known advertising firm for 14 years. Due to a significant loss of clients, the company had to downsize despite Dan being an exemplary employee and winning several awards. The company decided to let Dan go instead of another middle manager who was in a minority group. In a business setting, this occurrence is referred to as
Answers
In a business setting, the given occurrence we called the reverse discrimination
Reverse discrimination is the non-fair treatment of members who belong to the majority group in the workplace that depends upon race, gender, etc.
Reverse discrimination might arise at the time when the majority group like white or males are to be overlooked for following things
JobsPromotionsOther types of opportunitiesThese should provide the preference to the minority group like for women
So therefore we can conclude that In a business setting, the given occurrence we called the reverse discrimination
Learn more about reverse discrimination here: brainly.com/question/12382112
For every A you earn on your report card, your grandma gives you a twenty dollar bill. This is an example of
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Answer:
a positive incentive I think
Explanation:
Spending more money on advertising will make the firms' demand increase – shifting to the right (parallel). Therefore, the firms' demand become more elastic at every price level. Providing examples to support your answer.
Answers
Answer:
Example of such product : Ferrari sports car. due to various alternatives of sports cars available in the market, when the price level of a Ferrari car increases the demand of the product might become more elastic
Explanation:
When more money is spent on advertising by any firm the demand for the firm's product will most likely increase and this is simply because more potential clients will be reached through advertising.
But when the demand of the goods become more elastic with increase in price level, it is simply because the product has suitable alternatives/competitions in the open market.
Example of such product : Ferrari sports car. due to various alternatives of sports cars available in the market, when the price level of a Ferrari car increases the demand of the product might become more elastic
When environmentalists recognized that politicians were not going to pass stricter legislation and regulations, they changed their tactics to force change. According to the Layzer article in the chapter, these new tactics included: I. Eco-terrorism - bombing pipelines and factories. II. Collaboration with businesses - create partnerships to improve environmental impacts. III. Public relations campaigns - go public with their accusations and encourage consumers to demand change. IV. Work internally through shareholders to try to change corporate disclosures
Answers
Answer:
II. Collaboration with businesses - create partnerships to improve environmental impacts.
III. Public relations campaigns - go public with their accusations and encourage consumers to demand change.
IV. Work internally through shareholders to try to change corporate disclosures
Explanation:
Since the environmentalists recognized that politicians were not going to pass stricter legislation and regulations, the tactics employed in order to force change include:
Ii. Collaboration with businesses - create partnerships to improve environmental impacts.
III. Public relations campaigns - go public with their accusations and encourage consumers to demand change.
IV. Work internally through shareholders to try to change corporate disclosures.
Therefore, the correct options are II, III and IV.
Concord Company sells merchandise on account for $3300 to Pharoah Company with credit terms of 1/10, n/30. Pharoah Company returns $800 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Concord Company make upon receipt of the check
Answers
Answer:
Dr Cash $825
Cr Sales Returns and Allowances $800
Cr Sales Discounts $25
Explanation:
Preparation of the journal entry that Concord Company make upon receipt of the check
Dr Cash $825
($800+$25)
Cr Sales Returns and Allowances $800
Cr Sales Discounts $25
(To record receipt of the check)
Sales discount=(Sales Price -Sales return) × 1%
Sales discount=($3300 - $800) × 1% = $25
Research suggests that the adoption of may increase efficiency and lower unit costs relative to what can be achieved by the mass production of a standardized output. Group of answer choices Just-in-time manufacturing Unscheduled manufacturing Flexible production technology Quick technology
Answers
The answer is "flexible production technology".
It is also known as a "flexible manufacturing system". FMS is a production method that can easily adapt to variations in the item's kind and quantity. The user could be configured machinery and computing devices like that it should produce a variety of products and manage varying production levels.The incorrect choice can be defined as follows:
A just-in-time manufacturing method, it aims to reduce production cycle durations as well as reaction times between suppliers and customers to save costs.Unscheduled manufacturing orders could be removed and afterward reinserted into the production schedule.Quick technology must be made much easier so that society's largest problems may be addressed, and individuals and companies could become more innovative, effective, and productive.Learn more:
flexible production technology: brainly.com/question/23851086
Externalities may prevent competitive markets from operating efficiently because A. consumers may buy goods in the black market. B. market prices may reflect the activities of consumers or producers on others. C. the market may goods that generate externalities on others. D. the market may goods that generate externalities on others. E. producers may sell goods outside of the market.
Answers
Answer:
D. the market may oversupply goods that generate negative externalities on others.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, radio, table, etc.
In Economics, an externality could either be positive or negative depending on its effect on a third party.
A positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.
On the other hand, a negative externality arises when the production or consumption of a finished product or service has a negative effect and/or impact (cost) on a third party.
This ultimately implies that, an externality is typically an unwarranted cost or benefit by a manufacturer or producer of goods and services that eventually affects a third party.
On a related note, externalities may prevent competitive markets from operating efficiently because the market may oversupply goods that generate negative externalities on others. Some examples of a negative externality is John declining to buy his favorite candy due to an increase in its price, a manufacturing plant that causes noise and pollution to the people living around where it is situated, etc.
Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: Pop Hop AdvertiseDoesn't Advertise FizzoAdvertise10, 1018, 2 Doesn't Advertise2, 1811, 11 For example, the upper right cell shows that if Fizzo advertises and Pop Hop doesn't advertise, Fizzo will make a profit of $18 million, and Pop Hop will make a profit of $2 million. Assume this is a simultaneous game and that Fizzo and Pop Hop are both profit-maximizing firms. If Fizzo decides to advertise, it will earn a profit of $ million if Pop Hop advertises and a profit of $ million if Pop Hop does not advertise. If Fizzo decides not to advertise, it will earn a profit of $ million if Pop Hop advertises and a profit of $ million if Pop Hop does not advertise. If Pop Hop advertises, Fizzo makes a higher profit if it chooses . If Pop Hop doesn't advertise, Fizzo makes a higher profit if it chooses . Suppose that both firms start off not advertising. If the firms act independently, what strategies will they end up choosing
Answers
Learn more:
brainly.com/question/23287191
A warranty in which the seller warrants that he or she has valid title to the goods he or she is selling and that the transfer of title is rightful is known as a warranty ________. of good title of no interference of no security interests against infringements
Answers
Answer:
of good title.
Explanation:
A good can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a good are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, etc.
A warranty can be defined as a written promise or guarantee made by a manufacturer, lessor or seller about the identity or quality of goods and services or a property to a purchaser, promising him or her to repair or replace it if necessary within a specified time frame.
Hence, a warranty in which the seller of a good or service warrants that he or she has valid title to the goods he or she is selling and that the transfer of title is rightful is known as a warranty of good title.
A legal title can be defined as the actual (absolute) ownership of a property that is recognized and enforceable in a court of competent jurisdiction.
If demand is inelastic, an increase in the price of a good will cause total expenditures on the good to Group of answer choices fall. remain constant since the decrease in quantity sold is exactly offset by the price increase. rise. rise if it is a normal good and fall if it is an inferior good.
Answers
Answer:
Rise
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
If price is increased and demand is inelastic, the fall in quantity demanded would be less than the increase in price. As a result total expenditures would increase
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls
The full disclosure principle: Multiple Choice Prescribes that accounting information is based on actual cost. Provides guidance on when a company must recognize revenue. Prescribes that a company report the details behind financial statements that would impact users' decisions. Prescribes that a company record the expenses it incurred to generate the revenue reported. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.
Answers
Answer:
Prescribes that a company report the details behind financial statements that would impact users' decision
Explanation:
The Full Disclosure Principle refers that the information i.e. relevant and significant for understanding the financial statement of the company should be involved at the time of filing in the public company
Also it reports the information behind the financial statement that have an effect on the decision of the users
Therefore the above statement represent an answer
An auditor ordinarily sends a standard confirmation request to all banks with which the client has done business during the year under audit, regardless of the year-end balance. A purpose of this procedure is to Provide the data necessary to prepare a proof of cash. Detect kiting activities that may otherwise not be discovered. Seek information about other deposit and loan amounts that come to the attention of the institution in the process of completing the confirmation. Request that a cutoff bank statement
Answers
Answer: Seek information about other deposit and loan amounts that come to the attention of the institution in the process of completing the confirmation.
Explanation:
An auditor needs to find out the source of a company's transactions that meet a materiality limit in order to ensure that the company was operating within the confines of the law in those transactions.
In the year of audit therefore, the auditor should request information from banks that the company transacted with so that they can find out relevant information about loans and deposit amounts to make sure that indeed the banks loaned out and received these amount.
highlights four drawbacks of direct production
Answers
Answer:
Does not encourage trade as goods are produced for own use.
Citizens have limited variety of goods.
Discourages specialization as one is forced to produce everything required.
Hinders technological development due to use of simple production methods.
Explanation:
hope i helped
describe your management experience , including a time you effectively resolved a difficult situation from a management capacity
Answers
Answer:
I managed workers of seven in the associate degree info Services department whose responsibilities enclosed delivering specifications and software package to internal purchasers. My role was that of PM or Project Manager, and my responsibilities enclosed one. guaranteeing every staffer was alert to their specific duties, 2. maintained the relevant timelines and ensured every team-member's deliverables arrived on time, 3. arranged, coordinated, and crystal rectifier conferences to debate current and approaching come, and 4. maintained knowledgeable and cozy social atmosphere for my workers.
One of the tougher problems I Janus-faced was after we employed a very bright developer whose my leader had W2'd in from the Asian nation. though he was very precocious in development of the cultural variations between his land and our mostly-female dev team quickly became telling. Sensing the growing hostility in my work cluster, and distinctive the problem, I quietly organized for the W2 worker to attend a cultural sensitivity coaching seminar (couching it as a necessary attend for all employees), and taking aside the pained parties and asking in a well-mannered way to figure with Maine on desegregation him. In the end, he came to a lot of embarrassed, apologized, and our team ran like mechanism thenceforth
Ground water is a vital water resource in the Choushui River area of Taiwan. A significantly increased demand for water, resulting from rapid economic development, has led to large scale ground water extraction. Overdraft of ground water has considerably lowered the ground water level, and caused seawater intrusion, land subsidence, and other environmental damage. Sound ground water management thus is essential. Chinese government officials have set up a(n) _____ system that allows it to make water management decisions using interactive computer models based on real-world processes. Group of answer choices
Answers
Answer:
Decision support
Explanation:
A decision support system (DSS)
This is simply known as a computer program application. it helps in breaking down (analyzes) of business data and bring it out in a way that users can make business decisions more quick and easy. it is also known as a form of an organized collection of people, procedures, software, databases, and devices that helps decisions making that solves problems. they are often used at all levels. DSS capitalizes on decision-making effectiveness regarding unstructured or semistructured business problems and it provides rapid access to information, handles large amounts of data from different sources, provides report and presentation flexibility etc.
Decision support systems are often compared to artificial intelligence agents.
Which of the following is not one of the methods used for applying overhead?u
a.activity-based costing application method
b.multiple production department rates
c.single plantwide application rate
d.single investment application rate
Answers
Answer:
d. single investment application rate
Explanation:
Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.
An overhead allocation that is typically based on volume alone, will systematically overcost the high-volume products that are also complex and undercost low-volume products that are simple in nature.
Some of the methods used for applying overhead are;
a. Activity-based costing application method.
An activity-based costing (ABC) can be defined as a method of costing that identifies the numerous activities in a business firm and assigns the cost of each activity to their respective drivers based on their consumptions.
b. Multiple production department rates.
c. Single plantwide application rate.
A plant-wide rate can be defined as a single overhead rate used by business firms or companies to allocate the manufacturing overhead costs to the level of output or productivity.
Answer:
d. single investment application rate
Explanation:
Hope this helps
Keepsake Collectibles focuses its marketing efforts on high-income buyers of unique collectible items. The firm realizes that the number of buyers in this segment of the collectible market is small. However, they are confident that this approach will be profitable since these buyers will pay premium prices for their unique products and superior customer service. Keepsake's approach is an example of:
Answers
Answer:
niche marketing.
Explanation:
From the question we are informed about Keepsake Collectibles which focuses its marketing efforts on high-income buyers of unique collectible items. The firm realizes that the number of buyers in this segment of the collectible market is small. However, they are confident that this approach will be profitable since these buyers will pay premium prices for their unique products and superior customer service. Keepsake's approach is an example of niche marketing.
The niche market can be regarded as subset of market whereby specific product is the target or been focused.
The market niche gives the description about product features and focus on satisfying particular market needs, it also focus on satisfying price range as well as production quality and also the demographics required for target. It can be regarded as small market segment
The market for fertilizer is perfectly competitive. Firms in the market are producing output but are currently making economic losses. Which of the following statements is true about the price of fertilizer? Check all that apply. The price of fertilizer must be greater than average total cost. The price of fertilizer must be greater than average variable cost. The price of fertilizer must be greater than marginal cost.
Answers
Answer:
The price of fertilizer must be greater than average variable cost.
Explanation:
Being a perfectly competitive market the prices of the fertilizers will rise. As the forms are making economic losses the prices must be greater the average variable costs.Suppose the economy is self-regulating, the price level is 210, the quantity demanded of Real GDP and the quantity supplied of Real GDP in the short run both equal $9.7 trillion, and the quantity supplied of Real GDP in the long run is $10.2 trillion. Given all of this information, we can conclude the economy ________________ in short run equilibrium and that the price level in the long run equilibrium will be ______________ than 210.
Answers
Answer: is; less than
Explanation:
An economy is said to be in short-run equilibrium in a scenario whereby the aggregate amount of output that is demanded is equal to the aggregate amount of output that is supplied. In this situation, the quantity demanded of Real GDP and the quantity supplied of Real GDP in the short run both equal $9.7 trillion, therefore, the economy is in short run equilibrium.
Since the quantity supplied of Real GDP in the long run is $10.2 trillion which is higher than the $9.7 trillion supplied in the short run, then there'll be a reduction in the price level in the long run equilibrium as thus will be less than 210.
Seasons Manufacturing manufactures a product with a unit variable cost of $100 and a unit sales price of $176. Fixed manufacturing costs were $480,000 when 10,000 units were produced and sold. The company has a one-time opportunity to sell an additional 1,000 units at $140 each in a foreign market which would not affect its present sales. If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows:
A. Income would increase by $140,000.
B. Income would increase by $40,000.
C. Income would decrease by $8,000.
D. Income would increase by $8,000.
Answers
Fayol thought management principles needed to be flexible and adaptable and that they would be expanded through experience and experimentation. When a team of workers specialize on a few tasks to become more proficient. Which management function describes this situation
Answers
Learn more:
Division of work: brainly.com/question/16127116
An increase in the wage rate causes Group of answer choices a decrease in the quantity of labor demanded. an increase in labor's marginal productivity. a leftward shift of the firm's labor demand curve. a rightward shift of the firm's labor demand curve.
Answers
Answer:
a decrease in the quantity of labour demanded.
Explanation:
Changes in wage rate leads to changes in the quantity of labour demanded and not a change in demand.
Changes in the quantity of labour demanded leads to a movement along the demand curve for labour and not a shift of the demand curve.
The quantity demanded of labour is inversely related to the wage rate.
An increase in the wage rate increases the cost of employing labour. As a result, the quantity demanded of labour falls
On the other hand, a decrease in the wage rate reduces the cost of employing labour. As a result, the quantity demanded of labour increases
An employee properly sued her employer for wrongful discharge in federal court. During discovery, the employee served the employer with a discovery request for information regarding all employment termination over the previous 15 years, regardless of the position. The employer objected, and the employee filed a motion to compel the requested discovery. The court denied the motion to compel, and the employee wants to file an immediate appeal to review this decision. Does the employee have a right to an immediate appeal
Answers
Answer:
No, because the trial court's order is an "interlocutory order" that can be reviewed prior to final judgment only if the trial court certifies it for immediate appeal and the appellate court, in its discretion, agrees to hear the appeal
Explanation:
Interlocutory orders
This is simply known as an order or judgment usually made in a case before the said parties claim or defense and every issue in the case has been reviewed or settled and they are not appealable. it is a form of rulings that trial judges do make in the course of pretrial proceedings and trials that were not entirely settled/resolve in the case. Therefore, they are not final. In this scenario above, interlocutory orders are usually not immediately reviewable on appeal until a final order is made such as meeting one of the exceptions permitting an appeal as of right (i.e., orders granting injunctions; orders appointing a receiver etc). This Appeals also may grant the review of an interlocutory order, but it is discretionary, and may be available only when the trial judge signs that the interlocutory order and the court of appeals then agrees to allow the appeal.
Effective internal control activities over the payroll function may include Reconciliation of totals on job time tickets with job reports by employees responsible for those specific jobs. Verification of agreement of job time tickets with employee time clock card hours by a timekeeping department employee. Custody of rate authorization records by the supervisor of the payroll department. Preparation of payroll transaction journal entries by an employee who reports to the supervisor of the human resources department.
Answers
Answer:
Verification of agreement of job time tickets with employee clock card hours by a payroll department employee.
Explanation:
An effective internal control system
This simply aim to give adequate hope that the policies, processes, tasks, behaviours etc, of an organisation, when complied, helps its effective and efficient operation of the organisation etc.
It is very essential in the payroll and personnel cycle to prevent over payments and payments to nonexistent employees. Proper authorization by the human resources department should add and delete employees from the payroll or change pay rates and deductions. The number of hours, overtime, must be approved by employees supervisor.
Payroll computations should be separately verified. A member of management should review the payroll output for any obvious errors or unusual amounts.
