Economics is a branch of economics that focuses on assessing market participants' well-being and how market changes affect it is known as welfare economics.
Economics is a social science discipline that studies the production, distribution, and consumption of goods and services as well as the resource allocation choices that individuals, businesses, governments, and nations make.
The study of how the distribution of resources and products impacts societal well-being is known as welfare economics. This is closely related to the study of income distribution and economic efficiency, as well as how these two elements impact the general welfare of individuals in the economy.
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multiple choice question strategy is . multiple choice question. the set of actions a firm takes to achieve a competitive advantage
1) A strategy is a course of action used by managers to achieve one or more objectives of the organization. A overall direction established for the business and its numerous parts to achieve a desirable condition in the future is another definition of strategy. The thorough strategic planning process yields strategy.
2) A firm's strategy is the collection of goal-directed actions it employs to achieve and maintain superior performance in comparison to rivals.
Planning a strategy requires keeping in mind that choices are not made in a vacuum and that each action done by a company is likely to elicit a response from those it will likely affect, including competitors, clients, employees, or suppliers.
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for managers, the most important issue regarding job evaluation is the statistical validity of job evaluation.
The statement, for managers, the most important issue regarding job evaluation is the statistical validity of job evaluation, is false.
Job evaluation tends to help organizations in order to ensure employees equitable, fair, and consistent pay structure. Thus, it helps organizations in recruiting the right candidate for a job, devise a good wage, and correct placements of employees.
Job evaluation is an important HR management activity in order to line managers so that they understand the possible dangers associated with a job and by ensuring that the work is being done safely.
Hence, for managers, the most important issue regarding job evaluation cannot be just the statistical validity. So the statement is false.
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when leann called on a long-time customer, she realized that the man was upset about the loss of his pet and took the time to listen to his problem. she was able to sympathize with the customer's recent loss of a pet by using her
When Leann called on a long-time customer, she realized that the man was upset about the loss of his pet and took the time to listen to his problem. she was able to sympathize with the customer's recent loss of a pet by using her emotional intelligence.
Emotional Intelligence is a concept popularized by Daniel Goleman who described it as “a master aptitude, a capacity that profoundly affects all other abilities, either facilitating or interfering with them.” It is the ability to sympathize with the pain of someone.
Emotional Intelligence is the capacity to recognize emotions in oneself and others, to understand its causes, be aware of its effects, and the ability to channelize these emotions into positive avenues. It is an essential trait for people working in organization, particularly those entrusted to deal directly with customers on a regular basis. For example, Leann's customer who lost her pet.
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the unadjusted cash account balance for a company at december 31, 2009 is $15,926. the bank statement showed a balance of $17,700 on this same date. the following information is available: bank service charge $ 6 nsf check from customer $ 324 deposit in transit $ 1,576 in addition, two other items were discovered: 1) check
Bank service charges a $ 6 NSF check from the customer $ 324 deposit in transit $ 1,576 in addition, two other items were discovered
Solution:
Outstanding checks for the month of December
= Beginning outstanding checks + Checks written during December - Checks cleared during December
= 3,500+60,000-57,000 = 6,500
True cash balance on December 31
= Beginning bank balance + Deposits in transit - Outstanding checks for the month
= 20,700+1,576-6,500
= $15,776.
The unadjusted cash stability is diagnosed while the cash balance as in keeping with the ledger account and financial institution statement does not in shape. To reconcile the balances, the accountant verifies the transactions which can be both missing in the ledger or the bank declaration. the list of popular ledger account balances on the give-up of a reporting period before any adjusting entries are made to the balances to create monetary statements.
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which neighborhood quality of life issue is most affected by the overuse of alcohol? a. litter b. property values c. traffic congestion d. homelessness
Property values neighborhood quality of life issue is most affected by the overuse of alcohol.
What is Property values?
Creating an opinion of value for actual property is known as real estate appraisal, property valuation, or land valuation. Because real estate transactions happen seldom and each property is unique, as opposed to corporate stocks, which are exchanged every day and are all the same, assessments are usually required.
Therefore,
Property values neighborhood quality of life issue is most affected by the overuse of alcohol.
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bailey et al. applies a functional-institution approach to explain the trade liberalization in america since the introduction of the reciprocal trade agreement act (rtaa) in 1934.
Bailey et al. apply a functional-institution approach to explain the trade liberalization in America since the introduction of the reciprocal trade agreement act (rtaa) in 1934. Yes, the given statement is true.
What is liberalization?1991 saw the liberalization of the Indian economy. A number of objectives, including modernization, a greater emphasis on capital and personal inflows, and the formation of a free market economy, were all achieved through economic reforms.
Simply described, liberalization is the process of removing constraints imposed by the government on social, political, and economic policies. The goal of economic policy liberalization is to increase the participation of the private sector by reducing the number of regulations and laws that are in place.
The liberalization process, which started as a result of the economic reforms of 1991, has some of the following characteristics:
License Raj, which had previously been in place, is revoked.A decrease in tariffs and interest rates was made.removing the existing monopolies held by the public sector across numerous economic sectorsA number of industries were approved for foreign investment.For more information on Liberalization, refer to the given link:
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Complete Question
Bailey et al. apply a functional-institution approach to explain the trade liberalization in America since the introduction of the reciprocal trade agreement act (rtaa) in 1934.
State whether the given statement is true or false.
what information is needed in order to be prepared for an emergency? select one or more: full inventory of all chemicals present in the lab understanding of where to go should an emergency occur contact information for emergency personnel location of all exits location of lab phone and first aid kit
The information that is needed in order to be prepared for an emergency:
Location of lab phone and first aid kitContact information for emergency personnelUnderstanding where to go should an emergency occurLocation of all exits.What do you mean by emergency?
A sudden, unexpected situation that necessitates taking immediate action is referred to as an emergency. An unexpected illness that requires medical attention is an example of an emergency. A downed power line that needs to be fixed in the middle of the night is an example of an emergency.
Hence, The information that is needed in order to be prepared for an emergency:
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the total amount earned in a paycheck before taxes are subtracted is a deduction the gross income a recession the net income
Out of the choices provided above, it can be stated that the total amount earned in a paycheck before taxes are subtracted is gross income. Therefore, the option B holds true.
What is the significance of gross income?The gross income of an individual can be referred to or considered as the income made on which no deductions or taxation have been subtracted. It is not the amount of disposable amount in the hands of an individual. It is the first point of the receipt of an income.
Therefore, the option B holds true and states regarding the significance of the gross income.
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economists build economic models by group of answer choices generating data. conducting controlled experiments in a lab. making assumptions. reviewing statistical forecasts.
Economists make assumptions while making judgments to better understand how customers' and firms' behavior.
There are several economic theories that help to explain how economies function and how to maximize growth, income, and employment.
But many ideas revolve around preferences—that is, what businesses and customers like to have or prefer to avoid. Furthermore, assumptions frequently relate to the resources that can be used to satisfy preferences and wants. The availability or lack of resources has a profound impact on the choices that people who participate in an economy make. In order to create models that they can control, economists construct assumptions because they are unable to do so in the real world.
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Assume that the socially efficient output level in the residential solar panel market is 1,000 units per week, but the industry is only producing 800 units per week at current capacity. The industry’s under-production is causing.
The industry's under-production is causing d) society to lose out on a net benefit, as the next panel produced would have more consumer value than production costs.
What is consumer value?Consumer value is the perceived preference of a product or service over alternatives by consumers.
Consumer value is evaluated through the eyes of the consumer.
By not producing at full capacity, the residential solar panel market is unwittingly creating artificial scarcity and reducing productivity for residential solar panels, which can drive up prices.
Thus, the industry's under-production is causing d) society to lose out on a net benefit.
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Question Completion with Answer Options:a) a net cost on society because the last panel produced had more production costs than consumer value.
b) a net cost on society, because the last panel produced had more consumer value than production costs.
c) society to lose out on a net benefit, as the next panel produced would have more production costs than consumer value.
d) society to lose out on a net benefit, as the next panel produced would have more consumer value than production costs.
assume that bubba’s food truck only produces burgers and sushi. if bubba is currently producing at production choice e, his opportunity cost to move to production choice a would be:
The opportunity cost of switching to production option A is 40 pieces of sushi.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them. Making smarter decisions requires an understanding of the possible opportunities lost when a company or person selects one investment over another. The difference between the anticipated returns of each alternative is all that needs to be considered when estimating an opportunity cost. The determination of a company's capital structure involves opportunity cost analysis in a significant way. To make up for the investment risk, a company must pay costs when issuing both debt and stock capital.
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The W-4 form lets...
A.) you know how much you paid in taxes last year
B.)your employer know how much to withhold from your paycheck
C.) the government know how much you paid in taxes last year
D.) the 3 major credit bureaus know how many dependents you have
Answer:
b
Explanation:
you fill it out so the employer knows what to with hold from your check
mark values his drum set at $800, and ella values her guitar at $1,000. suppose that mark trades his drum set for ella's guitar.
Mark must value Ella's guitar for at least $800, and Ella must value Mark's drum set for at least $1000.
Drum kits come with a five-piece set, which consists of two tom-toms, a floor tom, a bass drum, and a snare drum, despite the fact that there is no original standard arrangement for drum sets.
However, drums are unquestionably among the hardest instruments to learn. Every instrument has a similar learning curve. Like anything worth learning, there is a certain learning curve, and it will require time, patience, and practice.
The quick answer is that most beginners need at least 4-6 months to become competent at playing the fundamentals of the drums. Even for the fastest learners, it often takes at least 10 to 12 months, if not more, to become a proficient drummer. It depends on a number of variables, the chief among which is how frequently you practice.
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auditors understand that receiving explanations from an entity's management is the step in the professional judgment process.
Adjudication means evaluating evidence to reach a decision. Judgment is also the ability to make well-thought-out decisions. The term has at least five different uses. Aristotle suggested looking at the antonyms of a term to determine whether the various uses are actually different.
Formal - The mental act of affirming or denying one thing in comparison with another. Judgments are communicated to others using agreed terms, in the form of words or algebraic symbols, as meanings forming statements relating to the terms, and further asserted meanings of 'relationship' are used to make judgments. understood and interpreted by those who do.
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explain the law of increasing opportunity costs using the example of economic growth and a production possibilities curve.
According to the law of growing opportunity cost, the opportunity cost of producing more units of a specific good will rise as an economy advances along its production possibilities curve in the direction of doing so.
"The Combined Production Possibilities Curve for Alpine Sports," illustrates how the rule of increasing opportunity cost operates as it moves from point A toward point D on the production possibilities curve. The opportunity cost of each of the first 100 snowboards is equivalent to half a pair of skis; the opportunity cost of each of the next 100 snowboards is one pair of skis; and the opportunity cost of the last 100 snowboards is two pairs of skis.
As the business switches from snowboards to skis, the law still holds true. Consider that it starts from point D and only produces 300 snowboards every month. It may first switch to producing skis at a reasonably modest price.
At Plant 1, the opportunity cost of the first 200 pairs of skis is merely 100 snowboards, or 0.5 snowboards for each pair of skis. In terms of producing skis, we would say Plant 1 has a competitive edge. The next 100 pairs of skis would be manufactured in Plant 2, where the monthly production of snowboards would decrease by 100 snowboards.
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if you have 12% withheld for federal taxes, 7% for state taxes, and fica is 7.65%, how much are your involuntary withholdings in all if your gross pay was $2,400.00 per month and your net income was $1,550.40 per month?
The value of Involuntary will be approximately 283.56.
What are taxes?Taxes can be defined as the part where an individual, firm, or company gives taxes to the government as it is a form of revenue.
The given data is be:
The federal taxes rate is 12%
state taxes rate is 7%
the gross pay was $2,400 p.m.
net income $1,550.40 p.m.
The formula for Total known withholding is
Total known with holdings = federal state + FICA + involuntary
(12+7+7.65)% of 1,375+ Involuntary
Net income can be equated with gross with holdings
$725.00 = $1,375.00 - [(12+7+7.65)% of 1,375 + Involuntary]
Calculating the value of involuntary in the firm:
Involuntary = $1,375.00 [(12+7+7.65) % of 1,375] - $725.00
= $1,375.00 [(26.65) % × 1,375] - $725.00
= $1,375.00 - [(26.65) 100 × 1,375] - $725.00
= $1,375.00 366.4375-$725.00
=283.56225 283.56
Therefore, the answer is “283.56”
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if the insured and primary beneficiary are both killed in the same accident and it cannot be determined who dies first
The Act mandates that the life insurance policy funds be paid as though the primary beneficiary had passed away first if the insured and insured both pass away in the same accident and there is no evidence that the beneficiary really outlived the insured.
Who is insured and beneficiary?An individual who has or is covered by an insurance policy is known as the insured. The recipient of a life insurance policy's or annuity's insurance proceeds is known as the beneficiary. It can also be used to describe someone who receives compensation for medical services as a result of their health insurance policy's benefits.
According to the Uniform Simultaneous Death Act, the insured will be assumed to have outlived the primary beneficiary unless a policy provision states otherwise if the insured and the primary beneficiary both pass away under circumstances that make it impossible to identify which one died first.
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you may have observed that items such as different brands of aspirin, tomato sauce, or gasoline are typically priced the same as each other. this is particularly true when consumers can find these goods in close proximity to each other. for example, prices are often the same at gas stations that are on opposite sides of the street. prices are also generally the same for products next to each other on the same grocery store shelf.
The aforementioned examples are goods that are likely to be Substitutes. You would expect the value of the cross-price elasticity to be Large because the opportunity cost of getting information on price is low.
What is cross-price?Cross-price elasticity quantifies how sensitive a product's demand is to a change in the price of the related product. Many products on the market have relationships with one another. This could imply that a product's price change could have a positive or negative impact on the demand for another product.
There are three categories of product relationships to look at when describing cross-price elasticity.
First, there are products that are closely related to one another and are occasionally referred to as substitutes. In the market, these products compete for the same consumers.
There are also goods that are consumed in combination. Demand for one product has a direct impact on how much-related products are consumed. They are referred to as complementary products.
Products in the final category are completely unrelated to one another. The consumption of these goods is unaffected by one another.
Business owners can strategically compete in their industry or stock their inventories by clearly understanding the ideas behind product relationships. For instance, lowering the cost of printers might result in more people buying toner and ink. The more printers people purchase, the more money is made by selling related goods.
Thus, cross-price is related to the sensitivity of demand for a product.
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Complete Question:
You may have observed that items such as different brands of aspirin, tomato sauce, or gasoline are typically priced the same as each other. This is particularly true when consumers can find these goods in close proximity to each other. For example, prices are often the same at gas stations that are on opposite sides of the street. Prices are also generally the same for products next to each other on the same grocery store shelf. The aforementioned examples are goods that are likely to be _________ You would expect the value of the cross-price elasticity to be_________ because the opportunity cost of getting information on price is low.
during 2013, colgate-palmolive reported net income of $2,203 million. a. assume that the only changes affecting retained earnings were net income and dividends. what amount of dividends did colgate-palmolive pay to its shareholders in 2013?
The EPS will surpass $2.38.
The value made available to corporate shareholders after all costs and taxes have been subtracted is known as the earnings per share. Restructuring costs are one-time expenditures that are included in other operating costs on the income statement.
Restructuring and other one-time expenses during the period are included in the income statement, which lowers earnings before taxes and eventually lowers net profit. If these expenses are not included, the earnings will increase and the company's earnings per share (EPS) will increase.
What is the latest actual share count reported in the 2013 Colgate-Palmolive 10-K?918,943,637 shares were computed.
Colgate-Palmolive Company is a symbol of unrivaled consumer goods companies with products offered in about 200 countries and provinces worldwide.Colgate stood for stability in 1806 and was established in 1923 in accordance with specific Delaware State rules.
As of June 30, 2013, the final business day of its various recently ended secondary portion, the total market value of Colgate-Palmolive Company Common Stock held by non-associates was approximately $53.0 billion.Colgate-Palmolive Company Common Stock had 918,943,637 estimated shares as of January 31, 2014, although those shares were from 2013. 10-K for Colgate-Palmolive
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When amazon says, "we want to be earth’s most customer-centric company," it is stating its code of ethics. True or false?.
Answer:
Explanation:
If you research what it means when a company uses their code of ethnics, it means basically their statement of truth, technically an oath. Basically the answer is False. Hope this helps!
to address a vague, complex problem, a data analyst breaks it down into smaller steps. they use a process to help them recognize the current problem or situation, organize available information, reveal gaps and opportunities, and identify options. what does this scenario describe?
To address a vague, complex problem, a data analyst breaks it down into smaller steps.
They use a process to help them recognize the current problem or situation, organize available information, reveal gaps and opportunities, and identify options.
The above scenario describes structured thinking.
What are the elements of structured thinking?
Structured thinking involves identifying current problems or situations, organizing available information, identifying gaps and opportunities, and identifying opportunities.
How can structured thinking tools help us?Structured thinking is the process of framing unstructured problems. The framework not only helps analysts understand the problem at a macro level, but also helps identify areas that require deeper understanding.
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when the government establishes a binding price floor on a good or service then there will be a. an increase in demand for the good or service b. a surplus because of the quantity demanded will decrease c. a shortage because the quantity supplied will decrease d. no incentive to place a tax on the good or service e. a decrease in the price once the market adjusts
When the government establishes a binding price floor on a good or service then there will be shortage because the quantity supplied will decrease
Therefore the correct option is A
Binding Price Floor
According to the Corporate Finance Institute, a binding price floor is when the government imposes a necessary price on an item or collection of goods at a price higher than equilibrium. The market for that good is constrained by that price since the government mandates that prices not fall below that level. Some people won't pay that price since the government has inflated it artificially. Unsold goods are the result, which leads to a surplus of that good. By enacting legislation, governments have the ability to artificially inflate the cost of specific items, induce economic unrest, and establish legally binding price floors for these goods. These regulations allow for the prohibition of the sale of goods at market prices or below the price floor.
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WHAT THINGS MIGHT CAUSE DISPUTES IN A PARTNERSHIP?
One of the top causes of partnership disagreements is disputes about financial rights and obligations.
Answer:
jealousy and selfishness
a company wants to add a quality inspection station to its assembly line. what type of project does this represent?
A company wants to add a quality Planning inspection station to its assembly line. what type of project does this Process represent.
Designing a process that will be able to achieve predetermined goals while operating is the responsibility of quality planning. When a scenario has one or more of the following traits, quality planning is a process that can be applied. A service has never been offered before. Project managers are becoming increasingly concerned with quality assurance and safety. Construction-related flaws or failures can cost a lot of money. Reconstruction may be necessary and facility operations could be hampered even by small flaws. The effect is higher costs and delays. Failures could, in the worst scenario, result in fatalities or serious physical injury. Similar to other accidents, construction-related mishaps can lead to serious costs and human injuries. Due of these higher direct expenses, indirect costs for insurance, inspection, and regulation are rising quickly. Good project managers make an effort to guarantee that tasks are completed accurately the first time and without severe mishaps.
Because it enables you to deliver a successful project and maintain the satisfaction of your stakeholders, quality planning is essential to project management. A project manager establishes the criteria for what constitutes project success and outlines the activities necessary to meet those criteria.
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explain purpose of visual aids
Question 4 of 10
On the pie chart below, which "slice" represents 30% of the budget?
A. 2
B. 3
C. 4
D. 1
On the pie chart below, the "slice" represents 30% of the budget is 4. Thus the correct option is C.
What is the significance of Budget making?A budget creation helps an individual to create an estimate about how much funds required for purchasing and helps to control the expenses of an individual by cutting out additional expenses.
In this pie chart, the circle is divided into four slices with a certain percentage where half of the slice is covered by 3rd slice so assuming it is 50%. So the second most larger percent remaining is slice 4 which is considered 30%.
Therefore, option C is appropriate.
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Answer: its C. 2
Explanation:
question 6 a data analyst has been invited to a meeting. they review the agenda and notice that their data analysis project is one of the topics that will be discussed. they plan to arrive on time and have a pen and paper to take notes. but they do not spend time considering project updates they could share or questions they may be asked. this is appropriate because they’re not the one running the meeting.
A meeting has been invited for a data analyst. When they look over the schedule, they see that one of the subjects up for discussion is their data analysis project. They have a pen and paper ready to take notes, and they want to come on time. However, they do not take the time to think about project updates or potential questions. Since they aren't in charge of the meeting, this is okay - False
What does an analyst of data do?
A data analyst examines data to find significant customer insights and potential uses for the information.
What are the abilities required to become data analyst?
You need excellent quantitative and analytical skills to succeed as a data analyst. To answer problems logically, you must be able to pay attention to detail. You must also be able to clearly explain your conclusions to others who will use them to make judgments.
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the service sector has lower productivity improvements than the manufacturing sector because
The service sector has lower productivity improvements than the manufacturing sector because the service sector is usually more labor intensive than the manufacturing sector
The service sector has lower productivity improvements than the manufacturing sector because the service sector is usually more labor intensive than the manufacturing sector. Productivity in the service sector is difficult to improve for a number of reasons as given below;
Service-sector work is labor intensive.In service sector, work is unique to each customer's demands. Work in the service sector often includes an intellectual task completed by professionals. Additionally, it can be difficult to mechanize and automate work in the service sector.The overall quality is also difficult to evaluate in the service sector.https://brainly.com/question/28460195
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aaron received a state income tax refund in 2021 for state taxes be overpaid in 2020. he was able to reduce his 2020 federal tax liability by itemizing and claiming a deduction for state and local income taxes paid that year. when aaron files his 2021 return, he may need to report all or part of the state tax refund he received in 2021 as
aaron received a state income tax refund in 2021 for state taxes be overpaid in 2020. he was able to reduce his 2020 federal tax liability by itemizing and claiming a deduction for state and local income taxes paid that year. when aaron files his 2021 return, he may need to report all or part of the state tax refund he received in 2021 as
A recaptured credit.
The capacity to obtain goods or services on credit is the ability to borrow money with the promise to repay it later. Creditors, which include lenders, merchants, and service providers, extend credit based on whether or not they have faith in your ability to repay the money you borrow plus any associated finance charges. Creditors in earlier eras might have evaluated your creditworthiness based only on your reputation. It is clear that this approach was arbitrary and vulnerable to manipulation, bias, and inaccuracy. Creditors today favour a more impartial strategy. In order to decide whether or not to grant you credit in the U.S., lenders normally look at your credit history—your track record of borrowing and repaying money—first. Your credit history is condensed in files called credit reports, which are created by three independent.
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abe receives a check from bea for fixing bea's car. bea's bank is bank b. abe deposits the check into his bank, bank a. select all the statements that correct describe the check-clearing process.
A bank creates new money each time it extends a loan by making a commensurate deposit in the borrower's account. In essence, whenever a bank makes a loan, money is created by some simple accounting and exists as bank deposits, or commercial banks' IOUs.
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