Firms are known to be free to set price and also to face strong competitive pressure. Competitive price-searcher markets may still be consistent with economic efficiency because they provide consumers with a greater diversity of products.
Firms in competitive price-searcher markets that has a small entry obstacles often face a downward sloping demand curve. Competition often exists from existing firms and new rivals.
Firms that exist in a perfectly competitive market are known to be price takers due to the fact that once the market determines an equilibrium price for the product, firms need to accept the stated price.
For an individual to sell a product in a perfectly competitive market, one must just be happy with the price.
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What is a major factor in the decline of some occupations, such as those in the textiles and clothing industries? shifting consumer tastes overseas labor costs changing technologies aging populations.
Answer:c
Explanation:
A major factor in the decline of some occupations, such as those in the textiles and clothing industries is changing technologies. Thus option (C) is correct.
What is technology?Technology refers to the tools, systems, and processes that are designed and used to solve problems, improve efficiency, and facilitate communication and collaboration. It encompasses a wide range of fields and applications, from simple hand tools to advanced computer systems and software.
Technology has enabled advances in fields such as medicine, transportation, and energy, and has revolutionized industries such as entertainment, manufacturing, and finance.
The changing technologies is a major factor in the decline of some occupations, such as those in the textiles and clothing industries. Therefore, option (C) is correct.
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the difference between total revenue and total expenses when total revenue is greater.
Answer:
Net loss
Explanation:
A net income occurs when a firm's total revenues (sales) exceed their total costs.
Conversely, a net loss occurs when a firm's total revenues exceed their total costs.
Therefore, the correct answer is net loss.
The difference between total revenue and total expenses when total revenue is greater is referred to as profit or net income. It indicates the financial gain or surplus generated by a business or individual.
To calculate profit, you subtract total expenses from total revenue. If total revenue is greater, then the result will be positive, indicating a profit. Here's a step-by-step breakdown:
1. Total revenue: This refers to the total amount of money earned from sales, services, or any other sources of income. For example, let's say a business has total revenue of $10,000.
2. Total expenses: These are the costs incurred in running the business, including operating expenses, salaries, rent, utilities, and taxes. Let's assume the total expenses for the business amount to $7,000.
3. Profit calculation: To find the difference between total revenue and total expenses, subtract the total expenses from the total revenue. In this case, it would be $10,000 - $7,000 = $3,000.
4. Interpretation: If the result is positive, as in this example, it means the business has made a profit of $3,000. This indicates that the total revenue exceeded the total expenses, resulting in a financial gain.
In summary, the difference between total revenue and total expenses when total revenue is greater is the profit or net income. It is calculated by subtracting total expenses from total revenue and represents the financial surplus generated by a business or individual.
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Question 4 of 10
Which of the following is not a characteristic of both experiments and
surveys?
A. The researcher exercises direct control over at least one variable.
B. The data collected might be studied for patterns.
C. Subjects should be randomly selected.
D. Data are collected about a population.
SUBMIT
Answer:
C, Subjects should be randomly selected.
If you want a good result, you shouldn't throw random subjects in your survey.I hope this helped at all.
Which person will be least likely to have trouble getting a loan?
O A. Danielle has a credit score of 600.
B. Chris has a credit score of 650.
O C. Billie has a credit score of 690.
D. Eufrat has a credit score of 560.
The person that will least be likely to have trouble getting a loan is Billie has a credit score of 690.
What is a credit score?In a credit report, the score is usually between 300 & 850 and tells about a consumer's creditworthiness.
Because Billie has a credit score of 690, its shows the extent of his creditworthiness of credits.
Therefore, the Option C is correct.
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When a company recognizes a cash revenue event that is subject to state sales tax, the balance in the Cash account increases by ______ the amount of revenue.
Answer: more than
Explanation:
Since their is a tax rate , it will get added on to the cash which would make it MORE THAN the actual amount
According to Peter G. Keen, a former MIT professor, which is a benefit of a decision support system (DSS)
According to Peter G. Keen, a benefit of a decision support system is that it helps in making better decisions.
A decision support system simply means a computerized program that is used for supporting judgments in an organization. It's used for decision-making.
According to Peter G. Keen, a decision support system is also vital as it helps in increasing communication and saves costs. It also aids new insights and learning.
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why is it important for management to use a balanced scorecard?
The management of a firm uses the balanced scorecard for a lot of reasons. Management is advised to use a Balanced Scorecard as it helps to;
Develop organizational performance by measuring what is essential. It boast focus on strategy and results. It help to merge organization strategy with workers on a day-to-day basis. It is based on the drivers key to future performance.A balanced scorecard is simply known to be a type of strategic management performance metric that helps firms to known and improve their internal operations.
It also point out the design of performance reports and dashboards by making sure that management reporting is based on the most vital strategic issues.
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A food product is pulled from the consumer market after preliminary testing, before data conclusively proves that it causes pancreatic cancer. This is an example of:
Answer:
The precautionary principle
Explanation:
A _____ is a retirement program in which employees are promised a pension amount based on age and years of service.
Defined Benefit Plan or a pension plan
how much credit card debt does the average american have
Answer:
5.315
Explanation:
Americans have this much debt in their credit card by average.
HOPE HELPED!
Which of the following most directly made possible the ideas described in the excerpt? The emergence of monopolies that dominated entire businesses Answer A: The emergence of monopolies that dominated entire businesses A Innovations including textile machinery, steam engines, and interchangeable parts Answer B: Innovations including textile machinery, steam engines, and interchangeable parts B Farmers’ creation of local, regional, and national organizations that resisted corporate power Answer C: Farmers’ creation of local, regional, and national organizations that resisted corporate power C The significant influence of organized labor unions
Answer:
innovations including textile machinery, steam engines, and interchangeable parts
Explanation:
Through innovations like textile technology, steam engines, and interchangeable parts, monopolies that controlled the entire industry began to form.
What is a monopoly?Monopoly is when there is little to no competition and consumers are compelled to purchase a specific good or service from one company when one business and its product dominate an entire industry.
Monopolies are prohibited in free-market systems because they restrict customer options and reduce competition. A monopoly limits the range of available product options and makes it challenging for competitors to enter the market. Monopolies could lead to unethical corporate practices. Certain monopolies, such as those in the power industry, are subject to government regulations.
Antitrust laws are in place in the US to prevent monopolies and ensure that one business cannot control a market and use that control to exploit its customers.
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PLEASE HELP ME ON THIS QUESTION!!!! I WILL GIVE 5 STARS, A THANKS, AND BRAINLIEST!!!!
What is the best way to avoid gossip in the workplace?
Keep communication professional
Avoid joining cliques
Avoid joining teams
Only use positive verbal communication
Answer:
A the others seem incorrect
Answer:
the best way is to be nice and only use positive verbal communication so everyone likes eachother
Aster Technologies Inc., a firm that sells inventory management software, has labor savings of 20% (0.33), a product warranty of five years (0.42), a competitive price (1.0), and no customer callbacks (0.83). Calculate its customer value index (CVI). (Hint: Read pages 144-146)
The customer value index is 2.58
The labor savings of the firm at 20% = 0.33
The product warranty of five years = 0.42
The competitive price = 1.0
The no call backs = 0.83
In order to get the customer value index, the next approach would be to add up all of the sums together.
0.33+0.42+1.0+0.83 = 2.58
In conclusion the Customer value index = 2.58
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What is the net change in non-cash working capital that would appear on the cash flow statement given the following: i) Increase in cash of $500 ii) Increase in accounts receivables of $800 ii) Decrease in inventories of $350 iv) Decrease in prepaid expenses of $225 v) Increase in PP&E of $950 vi) Increase in accounts payable of $400
Answer:
$175
Explanation:
The change in non-cash working capital that would appear on the cash flow statement is calculated as:
Increase in accounts receivable -$800
Decrease in inventories $350
Decrease in prepaid expenses $225
Increase in accounts payable $400
______
Change in Non-Cash Working Capital --) $175
Hope my answer is helpful :)
The net change in non-cash working capital that would appear on the cash flow statement is $175.
Increase in accounts receivable ($800)
Add Decrease in inventories $350
Add Decrease in prepaid expenses $225
Add Increase in accounts payable $400
Change in Non-Cash Working Capital $175
Inconclusion the net change in non-cash working capital that would appear on the cash flow statement is $175.
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Company D has 4 investors
Investor 1 has 200 shares
Investor 2 has 350 shares
Investor 3 has 725 shares, and
Investor 4 has 975.
Company D had a good quarter and decides not to pay a dividend. Investor 1 decides to sell all shares owned in the company. The investor bought 200 shares for $10/share and the stock is now trading at $25/share. Calculate the net profit/loss for the investor. Remember SMG charges a 2% commission on all transactions.
Answer:
Explanation:
When the investor bought their 200 shares at 10 bucks it cost them
200*10*1.02= 2040
When the investor sold their 200 shares at 25 bucks it got them
200*25*.98=4900
4900-2040=2860
Annual Percentage Rate (APR), credit limit, and penalties and fees are important to consider when _____.
Important factirs to consider when applying for a credit card include APR, credit limit, penalties and fees. Hence, the missing phrase should be credit card.
Credit cards allows individuals to make purchases and spend up to a certain amount and then pay later. These offer comes with regulations such as interest, limit which can be spent on the card, penalties for defaulting on payment. All these differs based on financial institutions as some are more flexible than others.Hence, the factors mentioned above should be considered when applying for a credit card.
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What factors make capital appreciation bonds (CABs) a controversial method for local governments to finance projects
The factors that make capital appreciation bonds (CABs) a controversial method for local governments to finance projects include "Local governments tend to owe investors way above the amount borrowed."
Another factor that makes capital appreciation bonds (CABs) a controversial method for local governments to finance projects is that they enable local governments to fund new projects without raising taxes.
Capital appreciation bonds (CABs) is often described as a form of municipal security whereby its interest on principal rises and compounds until maturity.
Capital appreciation bonds (CABs) allows investor earns a sole payment indicating the face value of the bond and all accrued interest.
Hence, in this case, it is concluded that Capital appreciation bonds (CABs) are a controversial method of financing projects.
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explain 5 reasons a firm should carry out promotion
Which educational institution trains students for a specific job in a skilled trade career?
a
College
b
Internship
c
Technical school
d
University
Answer:
b
Explanation:
The educational institution trains students for a specific job in a skilled trade career?
The correct answer is Option B. Internship
What is an internship?An internship is a professional learning experience that provides meaningful and hands-on work related to a student's interests in a field of study or career. Internships give students the opportunity to explore and develop professionally and learn new skills.
An internship is a short-term work experience provided by people (usually, but not always, students) for a company or other organization to enter a particular industry or discipline. It's both a work and a learning experience.
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What should a company or organization do to minimize any negative buzz surrounding its event?
Answer:
A hashtag can help event marketers create buzz because it creates a live conversation for fans. All the information and opinions of others is easily accessible for anyone to interested to look at and even join and that creates the buzz.
A company or organization to minimize any negative buzz. A negative comment on the object can be lethal, especially if your business is being weapon down by influential persons or (t) witter users. Even with that in mind,
What is the organization?An organization is a group of people who work together, like a neighborhood social activity, a charity, a union, or a business firm. You can use the word organization to refer to a group or business. An official group of people, for example, a governmental party, a business, a charity, or a club.
As an organization there are various methods are being there to minimize any negative buzz, A negative comment on an object can be lethal, especially if your business is being weapon down by influential persons or (t) witter users.
Therefore, the conclusion for A negative comment on the organization can be lethal,
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two factors that complicate the calculation of the inflation rate are
A 40-year old taxpayer has owned a Roth IRA for more than 5 years. A $10,000 distribution will be considered nonqualified if the distribution was ______.
Answer:
Your answer would be , ''used to pay for higher education expenses''
Explanation:
what should alexis say to demonstrate recall to Charlie
(Check all the apply)
You want to go to Mexico for spring break
Your parents want you to come home
You need $300 to cover remaining trip expenses
You want to borrow $300
You think you can earn the money within the next couple of months
You are planning to deceive your parents by telling them you’re coming home
The following statements are the things which Alexis needs to say to demonstrate recall to Charlie:
A. You want to go to Mexico for spring break D. You want to borrow $300F. You are planning to deceive your parents by telling them you’re coming homeAccording to the given question, we need to show the given statements which Alexis needs to say to Charlie to recall information which he already knows.
As a result of this, we can see that when a person demonstrates recall, then he is getting access to information which he already knows and is just bringing them back from memory.
Please note that your question does not seem complete, but based on a general knowledge of recall and how it works, my answer is a very good educated guess, but if the question is complete, then the answers are correct.
Therefore, the correct answers are options A, D and F
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as the aggregate price level in an economy decreases,
Answer:
imports decrease
Explanation:
A compromise can only be reached when ______. A. Both sides agree b. One side agrees c. Neither side agrees d. An arbiter is involved Please select the best answer from the choices provided A B C D.
Answer: Both sides agree
Explanation: I have my own company.
Answer:
a
Explanation:
just took the test
Explain how the forms of demand supply will eliminate a market surplus
Answer and Explanation: 1
Answer and Explanation: 1A market surplus is when the quantity supplied of a good is greater than the quantity demanded. We can also say there is excess supply. This happens at a certain price that is above the market equilibrium which causes more of a product to be supplied than consumers are willing to buy. It is the opposite of a shortage.
Answer and Explanation: 1A market surplus is when the quantity supplied of a good is greater than the quantity demanded. We can also say there is excess supply. This happens at a certain price that is above the market equilibrium which causes more of a product to be supplied than consumers are willing to buy. It is the opposite of a shortage.The market attempts to resolve the surplus by pushing the price down until it is at its equilibrium. A lower price will reduce the quantity supplied and increase the quantity demanded.
A certain manufacturing process might 5 hours in the best-case scenario, 7 hours in the most likely situation, or 10 hours under the worst possible circumst
approximately the most realistic duration the process might take according to PERT?
OA.
5 hours
OB.
6 hours
OC. 7 hours
OD. 8 hours
Answer:
i think its 6 hours
Explanation:
Your older sister tells you that she wants to have an IVF and have her child implanted into a surrogate mother for $3,000 through a company. Your mother is opposed to this idea whereas your father supports her decision. Your sister asks for your support. How would you respond to your sister
Answer:
go for it
Explanation:
I say that because if she is infertile and she has tried plenty then she has every right to have a surrogate if she feels the need to have one
Jorge, the marketing manager for an automobile manufacturer, observes frequent conflicts between two of his subordinates, Taylor and Liu. He asks the human resource department to help, and the department's training manager investigates. She tells Jorge that the two subordinates lack interpersonal communication skills but would be likely to improve with proper training. This scenario suggests that the training manager has conducted a(n) __________ analysis.
The training manager in the scenario described has identified that both employees needs training and the type of training they need. Hence, he has conducted a person analysis.
Person analysis requires that the behavior and attitude of employees or an individuals are observed in other to depict which of the employees lacks a certain office or work training, after which they type of training required is then laid out.
Hence, these set of study on employees refers to person analysis.
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Trevor and Matt both work as farmhands and perform the exact same job tasks. Although they work on different farms, when comparing their wages, they determine that Matt makes $15 per hour, while Trevor only makes $12 per hour. What is most likely the reason for this difference in wages
The most likely reason Trevor and Matt have different salaries despite doing the same activities is that they work on different farms.
When a person is hired by another person to perform a job, they must sign a contract that establishes all the characteristics of the employment relationship that unites them. Aspects such as:
Work hoursSalaryWorkplaceBenefitsJob securityIn this case, comparing the salary of Matt and Trevor it can be inferred that the difference in salaries is because each signed a different employment contract with their respective bosses. Therefore, despite doing the same job, they have different salaries.
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