Answer:
producers are "price takers".
Explanation:
Commodity markets is an example of A perfectly competitive market. A perfectly competitive market is characterised by many buyers and sellers of homogenous goods and services.
Because products are homogenous, sellers cannot set the price for their goods. Prices are set by forces of demand and supply,therefore, suppliers are price takers.
There are no barriers to entry and exit of firms into the market.
I hope my answer helps you
Why do company manager-owners smile when they ring the stock exchange bell at their IPO?
A. Manager-owner are freed of burden of managing their company.
B. An IPO reveals the value of the manager-owners' value.
C. Managers owners receive their first stake in the company at an IPO.
D. An IPO's price goes up on the first day, generating guaranteed returns for investors.
The reason why company manager-owners smile when they ring the stock exchange bell at their IPO is that an IPO reveals the value of the manager-owners' value.
An IPO gives room for an organization to raise capital through the help of public investors. IPO means Initial Public offering. The movement from a private to a public company is very essential period for private investors to fully have gains from their investment as it includes a share premium for their current private investors. It permits, public investors to be part of the offering.Conclusively, an IPO shows the what the worth of the manager-owners' value is and allows public investors to be part of the offering
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When company manager-owners ring the stock exchange bell at their IPO, they smile because it's a significant milestone symbolizing their company's growth, success, and ability to access broader public markets. It's a testament to their hard work and dedication. It doesn't necessarily ease their management burden or ensure the initial stock price will rise, and it often increases corporate transparency.
Explanation:Company manager-owners often smile when they ring the stock exchange bell at an initial public offering (IPO) for a number of reasons. Primarily, it marks a significant milestone in the company's journey, symbolizing its growth and success. The successful completion of the IPO indicates that the company has reached a state where it can now access the broader public markets to raise capital. It is a reward for all of the hard work, long hours, and years of dedication that have led to this point.
Contrary to option A, an IPO does not necessarily free manager-owners of the burden of managing their company. In fact, it introduces a new layer of responsibility with the company's accountability to shareholders. Additionally, an IPO does not guarantee that its price will go up on the first day, thereby generating guaranteed returns for investors as mentioned in option D.
Option B and C can be said as partial truths. The value of manager-owners often becomes more transparent as a result of an IPO, as the company's market capitalization gives a clear view of its estimated worth. Managers may or may not receive their first stake at an IPO, this depends on company to company.
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A seller sold a house to a buyer allowing the buyer to take over the loan on a "subject to" basis. After 2 years, the buyer defaulted on the loan. Who would be liable to the lender for the note?
The Seller would be primarily liable
The Buyer would be primarily liable
Both buyer and seller would be primarily liable
Neither buyer or seller would be primarily liable
Answer:
A. The seller would be primarily liable.
Explanation:
Subject to basis is a form of home buying options in real estate. It is a situation where the buyer takes over existing loan of a seller and make commitment to seller to continue repaying the loan to the lender.
Though the buyer will taken over the loan from the seller and make repayment to the lender, there is no legal obligation on buyer`s part that makes him/her liable to the lender. The seller still remain liable despite the the taking over. So option A is right while B to D is wrong because it`s only the seller that is primarily liable to the lender.
Members at a popular fitness club currently pay a $40 per month membership. explain the meaning of 95% confidence in the context of the study answers
Answer:
Explanation:
95 % shows the level of certainty at which the studied respondent's answers would be certain with investigated issue. Say, if you want to investigate how raise in the price affects the sales. So, 95% confidence interval tells you how confident you can be that the results from a poll or survey reflect what you would expect to find if it were possible to survey the entire population.
Use your knowledge of management functions to correctly answer the following question. As you sit at your desk on your first day back after a rejuvenating vacation to the Caribbean, you bring your mind back to your work as the head of a beverage bottling plant. You have a lot of work to catch up on, and need to prioritize what is most important to address today. Because recent environmental changes have led to new competitors entering your industry you analyze the new environment and identify new strategies and goals to present to your boss. Which of the following basic management functions did you just engage in? A. Leading B. Planning C. Organizing D. Controlling
Answer:
planning
Explanation:
Planning is the method of focusing on the actions needed to achieve a specific purpose. Achieving desired outcome is the first and probably most important activity. This involves creating and managing a strategy, like psychological side that include analytical competencies. There are indeed a few assessments to assess the skill of someone to plan effectively.
The planning process has been extensive and is appropriate for many professions. There are different kinds of strategies in each sector that help businesses achieve productivity and efficiency. An important element of planning, though often neglected, is the connection it has to forecast.
1. Company policy forbids co-workers to date. A group of you go out after work for dinner, and you and another co-worker decide that you are attracted to each other and want to begin dating.
a. Recognize the issue (what is the ethical issue?)
b. Evaluate the solutions (what are all the solutions to the issue – both ethical and unethical?)
c. Ask for guidance (from whom and what can you ask?)
d. Proceed with your decision (What is your decision?)
Answer:
Company policy forbids co-workers to date. A group of you go out after work for dinner, and you and another co-worker decide that you are attracted to each other and want to begin dating.
Evaluate the solutions (what are all the solutions to the issue – both ethical and unethical?
Explanation:
Through the cause of evaluation, both ethical solutions and unethical ones would be evaluated, hence' solution would be sorted out. Since there is already an existing policing against getting married to one another, then it is expedient to check for solution both ethically and unethically
Managers often consider meta-models to improve their understanding of the absolute and relative potential of an economic environment. Popular indices include:________.
Answer:
Popular indices include:
1. Global Competitiveness Index.
2. Global Innovation Index.
3. Where-To-Be-Born Index.
Explanation:
Managers study economic environment of a country to assess its performance and estimate the potential. Popular indices should include the following three things:
'Global Competitiveness Index' which is a report that would give an assessment of how productive a country is when using its available resources. This would then give an idea of how much a country will grow.
'Global Innovation Index' measures all the aspects of innovation and help provide the tools that would help in modifying policies so that the country's productivity is grown, there are more jobs and so on.
'Where-to-be-born index' measures the country's output on how it can provide best chances for a healthy and a safe life.
Within which time period must a Purchase Money Security Interest ("PMSI") creditor in goods, other than inventory or livestock, perfect her security interest once the debtor takes possession of the collateral?
Answer:
First of all, a PMSI allows a creditor to legally claim possession of property financed by them or demand repayment. The PMSI grants creditors preference over other lenders' claims.
The requirement for the proper perfection of a PMSI in goods other than inventory or livestock is within a 20 day period after the debtor receives possession of the collateral. This rule applies to goods such as equipment and machinery.
In case the good is software, there is no 20 day period. The PMSI must be perfected when the debtor receives possession of the collateral.
"Qriosity Inc. comes out with a new antivirus program and prices it at half price to attract buyers. The company is using ________."
Answer:
Market penetration pricing
Explanation:
Market penetration is a competitor strangulation pricing strategy employed by the supplier of a new product into an already saturated market in order to gain an unfair advantage by selling at a very low price during initial outing of the product to attract customers so as to gain a large market share.
Market penetration strategy helps in creating awareness for the product and makes customers to want to try it with minimum cost.
An enhancing qualitative characteristic of accounting information that refers to the financial statement users' ability to utilize accounting information to differentiate between companies that are reporting similar events is_________
Answer: Comparability
Explanation:
The comparability is the term which is used to refers to the standardization which basically describe about the accounting information of an organization.
It helps in enhancing the quantitative characteristics for measuring the overall economical activities between the companies based on their specific status.
According to the given question, the users using the accounting information for differentiating between different types of companies that helps in reporting the various types of same events and this is known as comparability.
Therefore, Comparability is the correct answer.
If Zephyr Electronics obtains an 18 percent return on invested capital, which of the following willhelp determine if it has a competitive advantage over other pharmaceutical companies?a. comparing the return to the return on invested capital obtained by other firms in theindustryb. assessing the value based on the shareholders' expectations of return on their capitalc. evaluating the liquidity ratios for other pharmaceutical companiesd. comparing the value to the history of the firm's return of investment over a number of years
Answer:
A) comparing the return to the return on invested capital obtained by other firms in the industry.
Explanation:
A firm that has developed a competitive advantage over its competitors will to able to either produce the same amount of output using fewer resources, or produce higher output using the same resources than its competitors. A competitive advantage means being more efficient.
So if we want to determine if Zephyr Electronics 18% return on invested capital (ROIC) provides them a competitive advantage over its competitors, we have to compare Zephyr's ROIC with the ROIC of the rest of the major firms in the industry.
Journalize Payroll Tax The payroll register of Longboat Co. indicates $5,400 of social security withheld and $1,350 of Medicare tax withheld on total salaries of $90,000 for the period. Earnings of $10,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank.
Answer:
Explanation:
Dr Payroll Tax Expense $7,350
Cr Social Security Taxes Payable $5,400
Cr Medicare Taxes Payable $1,350
Cr State Unemployment Tax Payable($10,000 * 5.4%) $540
Cr Federal Unemployment Tax Payable($10,000 * 0.6%) $60
Marx argued that when workers are paid less than the value of their labor, this exploitation results in __________, a feeling of powerlessness and estrangement from other people and from oneself. Select one: a. alienation b. anomie c. class conflict d. bourgeoisie
Answer:
Alienation
Explanation:
This is because when they are paid less than what their labour produced, they find themselves in a position where they are not entitled to their labour. They are in a state where their labour is alien to them. They have no power over the production process. It is directed and controlled by the bourgeoisie. They are bound to do labour, over which they have no control, for the sake of survival. This means that they are not in control of their action (alienation from self) and so on.
Workers experience alienation when they are paid less than the value of their labor, which results in powerlessness and estrangement from others and oneself. Alienation is a consequence of living in a socially stratified society, as workers do not feel connected to their work or to one another.
Explanation:Marx argued that when workers are paid less than the value of their labor, this exploitation results in alienation, a feeling of powerlessness and estrangement from other people and from oneself. Alienation is the systemic result of living in a socially stratified society, because being a mechanistic part of a social class alienates a person from their humanity. Workers experience alienation when they do not feel connected to their work or to one another, and when they are deprived of the right to conceive of themselves as the director of their actions and to determine the character of their actions.
he table gives the demand and supply schedules for boat rides. If the demand of boat rides increases by 40 rides a day, the price will ________.
Answer:The price will also increase
Explanation:According to the law of demand and supply, demand has a positive relationship with price, which means the higher the demand, the higher the price of the same commodity
What is the principal-agent problem?A) It is a problem of the power system of boss and subordinate where the boss (principal) exerts influence over his subordinates (agents) using punishment or threat.B) It is a problem that exists when a person (principal) has more information about the task than the agent he hires to perform the task.C) It is a problem caused by a person (principal) who hires an agent to act on his behalf but is unwilling to delegate authority to the agent to carry out the task in the best possible way.D) It is a problem caused by agents pursuing their own interests rather than the interests of the principals who hired them.
Answer: The correct answer is D) It is a problem caused by agents pursuing their own interests rather than the interests of the principals who hired them.
Explanation: A principal in the context of a business is the owner of the business which in most cases are the shareholders. While the agents are those employed or hired to engage in the day to day activities of the business.
The principal most often aims to maximise shareholders wealth. Principal- agent problem may arise where the agent s of the business put their interests as priority as against the interests of the principal. Such interests of the agents may be to earn bonuses even if it would jeopardize the growth of the organisation.This is an ineffective way of running an organization.
In early America, a traditional market structure existed when A) merchants purchased goods from England. B) farmers sold produce in markets in towns. C) people bartered goods they produced for goods they needed. Eliminate D) people set up guilds to regulate specific industries, like mason
In early America, a traditional market structure existed when people bartered goods they produced for goods they needed.
Explanation:
Bartering is the mechanism between two entities without the use of cash in the exchange of trading products or services. When people trade, they are all benefited by receiving goods or services that they need or want.
Bartering does have a benefit as there is something that even people with no money could get for them. Bartering may include exchanging an object for a service.
For eg, in return for a tin of apples from either a tree in their yards you might agree to work for somebody. If you choose to trade for a need, you can save cash for other requirements.
the answer is "c"..................................................................................................................
In the short run:
A) all inputs are fixed.
B) all inputs are variable.
C)some inputs are fixed and some inputs are variable.
D) all costs are variable
In the short run, some inputs are fixed and some are variable, resulting in both fixed and variable costs for businesses.
In the short run, the correct answer is that C) some inputs are fixed and some inputs are variable. This means that there are fixed costs which do not vary with the level of output and are incurred even if no production takes place, such as rent or lease payments. On the other hand, variable costs change with the level of production. For example, costs for materials and labor might increase as more goods are produced. In the short run, businesses have limited flexibility in adjusting some costs, leading to the coexistence of both fixed and variable costs in their operations.
If output is above its natural rate, then according to sticky-wage theory_____________.
a. workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate supply curve left.
b. workers and firms will strike barg
Answer:
Option A
Explanation:
workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate supply curve left.
Final answer:
According to sticky-wage theory, if output is above its natural rate, workers and firms will negotiate for higher wages, leading to an increase in production costs and a leftward shift in the short-run aggregate supply curve.
Explanation:
If output is above its natural rate, then according to sticky-wage theory, workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate supply curve left. In the context of macroeconomic theory, particularly the sticky-wage theory, when output exceeds its natural rate, the labor market experiences a shortage, leading to increased competition among employers for workers. This competition results in higher wages, which, since wages are a significant input cost for many firms, leads to an increase in production costs across the economy. As a direct consequence, firms reduce their output, causing the short-run aggregate supply (SRAS) curve to shift to the left. This leftward shift in the SRAS curve signifies a decreased quantity of goods and services supplied at any given price level, heading towards a new equilibrium where the real GDP aligns closely with its natural rate, albeit at a higher price level, indicating inflationary pressures.
Gunter installs a large glass door in his house and then runs into it, breaking his nose. Gunter sues the manufacturer because he was not warned about the possibility of such an injury. Will Gunter prevail in his lawsuit?
Answer:
B) No, because everyone knows that glass doors can be run into, and therefore the manufacturer does not have to provide such a warning.
Explanation:
Gunter needs to sue himself for not having any common sense. I really doubt that anyone that installs a glass doesn't know that they are transparent and that people must be careful when they approach them because accidents may happen. For instance, you can hurt yourself and/or you can break the glass door.
This is similar to buying a car and after crashing it, the owner sues the car manufacturer for not preventing him from driving. Almost every product that you buy or everything that you find at home can potentially harm you. E.g. you can poke an eye with a fork, knife, pencil, even a spoon, and probably many more items, but is anyone going to do so just because the item is at their house?
Gunter may not prevail in his lawsuit against the manufacturer due to the specific requirements of a product liability claim.
In this case, Gunter may not prevail in his lawsuit against the manufacturer. To succeed in a product liability claim, Gunter would typically need to prove that the glass door was defective or unreasonably dangerous and that this defect directly caused his injury. Simply not being warned about a common risk associated with a glass door might not be sufficient grounds for a successful lawsuit.
When Angela checked out of her hotel, she completed a research form rating the hotel's service, food and accommodations. This is an example of what marketing core functions?
Answer:
marketing information management
Explanation:
Marketing information management is one of the marketing functions which involves market monitoring, information collection analysis of the market information collected from the market place for management decision making.
The desire to achieve a more profitable marketing strategy may be made possible if an enterprise is able to monitor the existing market and collect relevant information and analyse such information to strategically position itself in the market place.
The owner of a commercial warehouse has the building listed for $250,000. The net income of the building is $20,000. An investor wants to buy it at a cap rate of 12%. Will the investor offer the owner the same price as the owner has it listed for? If not, by how much will the owner have to change his price to meet the investor's request for a 12% cap rate? Hint: Income Generated/Rate = Value.
Answer:
$166,667; owner would have to reduce his listed price by $83,333.
Explanation:
Given a net income of $20,000 and a cap rate of 12%, the value that the investor would be willing to pay
= [tex]\frac{Net Income}{CapRate} = \frac{20,000}{0.12} = $166,667[/tex]
As such, the investor would not offer the owner the same price the owner has listed the property for. He would offer a lower amount of $166,667.
And the owner would have to reduce his listed price by $250,000 - $166,667 = $83,333 to meet the investor's request.
________economy is an economy in which most economic decisions result from the interaction of buyers and sellers in markets but in which the government plays a significant role in the allocation of resources.
Answer:
A mixed Economy
Explanation:
A mixed economy is system which combines parts or aspects of socialism and capitalism in that while it allows a certain level of freedom to utilise capital, it also protects governmental interest by allowing a degree of interference by the government in the national economic activities.
The reason for governmental interference which is an aspect of socialism is to allow the government achieve social aims and objectives. The freedom to utilise capital is part of capitalism and this aspect is governed by the interactions of economic factors such as demand and supply and the interaction between buyers and sellers.
It is not purely socialism because government does not have absolute control and it is not pure capitalism because the forces of the market do not have all controls over the allocation of all resources.
A corporate manager chafes under red tape and bureaucratic regulations until finally deciding to start a separate business. The apparent reward he seeks is _________.
a. the satisfaction of working with people.
b. a satisfying way of life.
c. community service.
d. independence.
Answer:
d. independence.
Explanation:
The corporate manager feels irritated or displeased and uncomfortable working under the company, as a result of the rigidity of formal rules as common in a typical bureaucratic business setting. This most likely must have hindered or limited the freedom of control of the manager. The apparent reward the corporate manager seeks by finally deciding to set up his own business is independence.
What is the basis for trade? A. Absolute advantage. B. Available resources. C. Efficiency. D. Comparative advantage. E. Economic growth.
Answer: (D) Comparative advantage
Explanation:
The comparative advantage is one of the basis for the trade as it has the capability for producing the various types of products and the services at low opportunity cost.
The comparative advantage basically refers to the economical ability for selling the products at very lower cost as compared to other firms and it also producing the strong sale margins.
Therefore, Option (D) is correct answer.
Assume Global Cleaning Service had net income of $ 570 for the year. Global Cleaning Service's beginning and ending total assets were $ 4 comma 520 and $ 4 comma 180, respectively. Calculate Global Cleaning Service's return on assets (ROA).a. 12.6%b. 13.6%c. 13.1%d. 7.63%
Final answer:
The Return on Assets (ROA) for Global Cleaning Service is calculated by dividing the net income by the average total assets and multiplying by 100%. The calculation gives an ROA of approximately 13.1%, which corresponds to option c.
Explanation:
To calculate the Return on Assets (ROA) for Global Cleaning Service, we take the net income for the year and divide it by the average total assets for the same period. The formula for ROA is:
ROA = (Net Income / Average Total Assets) × 100%
Using the provided numbers:
Net Income = $570
Beginning Total Assets = $4,520
Ending Total Assets = $4,180
First, compute the average total assets:
Average Total Assets = (Beginning Total Assets + Ending Total Assets) / 2 = ($4,520 + $4,180) / 2 = $4,350
Now, calculate the ROA:
ROA = ($570 / $4,350) × 100% ≈ 13.1%
The correct answer is c. 13.1%
When you gave your friend a fifty-dollar bill for an iPod, you used money as:
A. a standard
B. store of value
C. medium of exchange
D. measure of value
Answer: Medium of exchange.
Explanation:
The $50 is given in exchange for an iPod, therefore in the question's illustration money serves as a medium of exchange. Money as a medium of exchange means that money is needed when conducting business transactions that involves buying and selling.
Country X's economy is in an inflationary gap. Which of the following combinations of fiscal and monetary policy actions would restore full employment in the short run?
Answer:
To restore full employment in the short run during an inflationary gap condition, the government has to apply contractionary fiscal and monetary policies that will reduce the supply of money.
Explanation:
An inflationary gap is an economic situation that is characterised by excess demand. Particularly it is that situation when the real gross domestic product of a country is greater than the projected gross domestic product. In this condition, actual aggregate demand is higher than potential aggregate demand implying that more goods and services are needed to satisfy consumers. From another perspective, this could be caused by a fall in aggregate supply while aggregate demand remains stable.
Government intervention in this case is to reduce the money supply by implementing contractionary fiscal policies such as increasing taxes, reducing government expenditure which in turn reduces disposable income. Contractionary monetary policies that could be applied include increasing short-term interest rates, increasing reserve requirements. Though this policies come in with some unwanted side effects such as unemployemnt, they however serve as short term adjustment measures for an inflationary gap condition.
In order to restore full employment for Country X's inflationary economy in the short run, both contractionary fiscal policy (decreasing government spending or increasing taxes) and contractionary monetary policy (increasing interest rates) could be effective.
Explanation:To restore full employment in the short run in Country X's economy which is currently in an inflationary gap, the recommended approach would be to practice contractionary fiscal and monetary policies. Contractionary fiscal policies involve decreasing government spending and/or increasing taxes. This would in effect reduce aggregate demand and put downward pressure on the price level, aligning it closer to full employment levels while minimizing the rise of unemployment.
On the monetary policy front, measures could include increasing interest rates, which would dampen the demand for money and loans, and slow down economic activity. As a result, inflation could be tempered while allowing the economy to gradually move back to full employment. This is based on the Keynesian macroeconomic theory that deals with the responses to an economy experiencing inflationary rises in the price level.
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Which of the following statements is most correct? A. KSFs are often necessary, but not sufficient for competitive advantage.B. KSFs are neither necessary nor sufficient for competitive advantage. C. KSFs are often sufficient, but not necessary for competitive advantage. D. KSFs are both necessary and sufficient for competitive advantage. E. None of these statements are correct.
Answer:
A. KSFs are often necessary, but not sufficient for competitive advantage.
Explanation:
KSF
Key Success Factors (KSFs) represent business functions, practices or business activities as defined or seen by the customers or the market as being important or crucial to the development of consumer/business relationship.
KSFs represent areas organisations are to attend to based on the views of the market in order to achieve their goals. It could be in form strengths to maximize, weaknesses to address, aspects to take advantage of among others.
It becomes obvious that although important (from the view of the market or consumers who patronize the business), a business must makes its own due diligence in form of SWOT analysis among others to have the required competitive advantage.
The most accurate statement is 'A. KSFs are often necessary, but not sufficient for competitive advantage'. While Key Success Factors (KSFs) are vital for a company, they alone cannot guarantee a competitive advantage.
Explanation:The most correct statement is A. KSFs are often necessary, but not sufficient for competitive advantage. KSFs, or Key Success Factors, are elements that are vital for a company to achieve its goals and remain competitive in its market. However, simply having these elements is not enough to guarantee a competitive advantage. In addition to KSFs, a company must also utilize effective strategies and make accurate decisions in various areas such as product development, marketing, and customer service to achieve a competitive advantage.
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Approximately __________ of trades involving shares issued by firms listed on the New York Stock Exchange actually take place on the New York Stock Exchange.
A.50%
B.75%
C.80%
D.95%
Answer: B. 75%
Explanation: The NYSE accounts for a large majority of equity trades in the North America and worldwide. But not all trades actually do go on on the NYSE. I think this is because in 2007 they acquired Euronext which combined the NYSE with the five major European exchanges, inclusive of the Paris Bourse, Amsterdam, the London International Financial Futures etc. This merger bumped up their trading capacity to up to 10 billion shares per day. While 75% of trades do go on on the NYSE, the rest are handled by the other aspect of the merger deal, Euronext.
Projects often include indirect costs that are necessary to keep the organization running, but are not associated with one specific project. Which of the following items are most typically considered to be indirect costs?
Rent, expenses made by office, telephone expenses, administrative salaries are the items that fall under indirect cost.
Explanation:
Indirect costs are those cost which are not accountable directly. Indirect cost can be either variable or fixed. Indirect cost are also known as overhead expenses.
Rent can act as both direct as well as indirect cost. If rent is given for the plant as well as machinery for a company which is use by manufacturing units directly fall under direct cost but in other way when the rent is given for various official purposes it will fall under indirect cost.
A recruitment technique that acquaints the prospective employee with both positive and negative aspects of the job is known as __________.
Answer: Realistic Job Preview
Explanation:
The realistic job preview is the term which refers to the recruiting tool that is specifically used for the communication purpose that describe about the different aspects of the job.
It is also known as the job fit tool as it helps in give description about the job environment, expectations and the responsibility to the candidate by an organization.
According to the given question, a realistic job preview is one of the recruitment technique that explain the employees both the aspects of the job that is positive and negative.
Therefore, Realistic Job Preview is the correct answer.