A(n) blank common market is created when a customs union lifts restrictions on the mobility of services, labor, and capital among member nations.
What are common markets?
A common market is a formal agreement where a group is formed amongst several countries that adopt a common external tariff. In a common market, countries also allow free trade and free movement of labor and capital among the members of the group.
What is the difference between common market and single market?
A common market is usually referred to as the primary stage towards the creation of a common market. It usually is built upon a free trade area with no tariffs for goods and similar free movements of capital, workers and services, but not so advanced in decrease of other trade barriers.
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To develop a co-culture successfully in a cross-cultural business relationship, ______ mind-set is important.
To develop a co-culture successfully in a cross-cultural business relationship, an open mind-set is important.
What is cross-cultural business?
In cross-cultural business contexts, people are exposed to a wide range of cultural norms, including good manners, nonverbal and verbal communication, dialects, and foreign government practices. International business refers to the transfer of goods, services, technology, money, and/or information throughout national boundaries and on a global or multilateral scale. There are involved cross-border exchanges of goods and services among two or more countries.
Therefore,
To develop a co-culture successfully in a cross-cultural business relationship, an open mind-set is important.
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The competitive situation where at&t, mci, and sprint control approximately 80 percent of the international long-distance telephone market is called?
The competitive situation where at&t, mci, and sprint control approximately 80 percent of the international long-distance telephone market is called "Oligopoly"
What is Telemarketing?
Telemarketing is the practise of selling products or services directly to prospective clients over the phone, the internet, or fax. Telemarketers or, increasingly, automated phone calls, or "robocalls," can conduct telemarketing. A growing backlash against this form of direct marketing has been sparked by tales of telephone scams and fraud as well as the intrusiveness of telemarketing. Other names for telemarketing include "telesales" and "inside sales." The act of calling, screening, and approaching new clients is known as telemarketing. The use of direct mail marketing strategies is excluded. In addition to call centres and offices, homes are increasingly being used for telemarketing. Telemarketing frequently entails a single contact to gauge interest or suitability, followed by several calls to drive a sale.
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Marginal social cost is defined as:_____.
a. marginal private cost plus opportunity cost.
b. plus marginal opportunity cost.
c. minus incidental cost.
d. plus incidental cost.
Marginal social cost is defined as the marginal private cost plus the opportunity cost.
When an extra or additional unit of a good or service this produced brings about a change in society's total cost. This change in society's total cost is called marginal social cost. This includes both the opportunity cost and the marginal private cost. So it is the total of the private cost and the external cost that the person has to pay.
Marginal private cost is the change in the total cost of the producer due to the production of an additional unit of a good or service. This cost is also known as the marginal cost of production For example if the production of a person's costs rises from$1,000 to $1,050 due to the production of this one good being produced for $50 is known as the marginal private cost.
The opportunity cost is the benefit the person would have gotten if he would have invested the money elsewhere. For example, if the person has an extra $50. He can either invest it in the business or he can invest it in the bank and get the interest. The interest money that the person has to forgo is called the opportunity cost.
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When it comes to communication skills, employers express particular frustration with?
When it comes to communication skills, employers express particular frustration with experienced workers who shun new technologies.
Communication is the act of giving, receiving, and sharing information. That is speaking, writing, listening, and reading. Good communicators listen carefully, speak and write clearly, and respect different opinions. A communication process refers to the sequence of actions or steps taken to achieve successful communication. It includes several components such as the sender of the communication, the actual message being sent, the encoding of the message, the receiver of the message, and the decoding of the message.
Communication is defined as giving, receiving, or exchanging information, opinions, or ideas so that the message is fully understood by all parties involved. Communication is a two-way process and includes the sender, message, channel, recipient, feedback, and context.
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The correct journal entry to record a transaction that involves paying cash for an expense incurred in the same period is ______.
The correct journal entry to record a transaction that involves paying cash for an expense incurred in the same period is accrual process.
For a transaction involving cash payment for an expense made in the same period, the proper journal entry is: -debit expense and credit cash. accumulated costs: expenditures made but not yet documented or paid in cash. A journal entry known as an accrual is used to record income and costs that have already been earned or incurred but for which the corresponding cash sums have not yet been collected or disbursed.
An expense that is recorded on the books before it has been paid is referred to as an accumulated expense, also known as an accrued obligation.
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Margo spends $10,000 on one year's college tuition. the opportunity cost of spending one year in college for margo is:_____.
Margo spends $10,000 on one year's college tuition. the opportunity cost of spending one year in college for Margo exists: whatever she would have purchased with the $10,000 plus whatever she would have attained maintained she had not been in college.
What is opportunity cost?The value or benefit forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost of that activity. Simply put, it means that if you choose one activity, you forfeit the chance to do another. The opportunity cost is the amount of time spent learning and the money that could be used elsewhere. When a farmer decides to grow wheat, there is an opportunity cost associated with not doing so or using the resources in another way (land and farm equipment).
The value of what you must give up in order to pick something else is referred to as opportunity cost in economics. It is frequently described as the second-best choice. The loss of gain that would have been realized if a different option had been chosen is sometimes referred to as the alternative cost. The loss of benefit as a result of a change in choice is another way to explain it.
Hence, Margo spends $10,000 on one year's college tuition. the opportunity cost of spending one year in college for Margo exists: whatever she would have purchased with the $10,000 plus whatever she would have attained maintained she had not been in college.
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Which type of economic system would more closely subscribe to the doctrine of laissez faire?
commercial freedom (capitalism)The laissez-faire economic philosophy would be more prevalent in the system.
What is capitalism on the market?
A theory of economics known as commercial capitalism is built on the ideas of capital, value, labor, and capitalization. Anything that has the potential to positively impact the world is valuable; value is another word for labor. Capitals are used to store value.
When did capitalism in the marketplace begin?
When mercantilism, or merchant capitalism, was established in the early modern era during the 16th and 18th centuries, modern capitalism only partially emerged. Over the Mediterranean bullion trade, early modern Venice, Genoa, and Pisa show early signs of mercantilistic activities.
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Forming an overall opinion of a job candidate based on one outstanding characteristic is?
Answer: I would say either responsible or dedicated!
The goal of the price cut described in in the news was to:_______
a) increase supply.
b) increase quantity demanded.
c) increase demand.
d) increase quantity supplied.
Price reduction with the intention of raising demand.
What does "Law of Demand" mean?
According to the law of demand, the relationship between price and quantity demanded of any good or service and other parameters remaining constant is inverse. A product's price increase causes a decrease in consumer demand for that same product.
The law of demand explains why consumers make certain decisions when prices vary. When a good's price increases, there is less demand for that good in the market, presuming other factors that affect demand remain constant. This is how people naturally make purchases. This occurs as a result of consumers' reluctance to spend more money because they are concerned about running out of money.
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Business analytics use blank______ to derive meaning form data by finding patterns to make future predictions.
Business analytics use algorithms to derive meaning form data by finding patterns to make future predictions.
Business analytics tends to focus on data, reporting, and also statistical analysis in order to help in investigating and analyzing the business performance, drive recommendations, and provide insights to improve the performance.
In Business analytics, there are two major types of prediction algorithms used which are, classification and regression. Here the use of predictive analytics is to make future predictions based on the past data. So this algorithm is used in many ways to help companies gain a competitive advantage.
Hence, Business analytics helps a person to make confident data-driven decisions.
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Which basic production planning strategy avoids hiring and layoff costs and the costs of excess capacity?
The basic production planning strategy that avoids hiring and layoff costs and the costs of excess capacity is C. Subcontracting.
What is subcontracting?Subcontracting refers to when labor is outsourced to another company that is often not in the same nation as the country where the business is based.
This means that the company that is doing the outsourcing will not have to hire people themselves and so can avoid costs like hiring and layoff costs as well as costs resulting from excess capacity.
Options for this question include:
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One advantage of a fixed exchange rate system compared to a floating or managed float exchange rate system is:_________
A fixed exchange rate system has advantages over a floating or managed float exchange rate system, including lower inflation.
Defining a Fixed Exchange Rate
A fixed exchange rate is a method used by a government or central bank to relate the value of the country's legal tender to the value of the currency of another country or the price of gold. The aim of a fixed exchange rate system is to keep the value of a currency within a predetermined range.
Maintaining a currency's value within a predetermined range is the goal of a fixed exchange rate system.
Fixed exchange rates increase the security of exporters and importers while helping the government maintain low inflation.
A number of developed nations adopted the floating exchange rate system in the early 1970s.
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__________ is a combination of passion and perseverance for a singularly important goal, together with resilience and a tolerance for feeling frustrated.
The answer is grit.
Grit is a combination of passion and perseverance for a singularly important goal, together with resilience and a tolerance for feeling frustrated.
What is the meaning of grit in psychology?Grit is a desirable, non-cognitive quality in psychology that is based on a person's enthusiasm and tenacity in pursuing a certain long-term objective or end state. It is the capacity to stick with something you are enthusiastic about and show tenacity in the face of challenges. This type of passion is not characterized by strong feelings or infatuation. It all comes down to commitment and direction.
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How would an additional cash recovery of a previously written-off account receivable effect the average collection period?
The income statement is unaffected by the recovery of an uncollectible account when the allowance technique is applied. Only cash, provision for doubtful accounts, and accounts receivable are impacted. The collection results in an increase in operating cash flow.
What is Average Collection Period?The average collection period is the length of time it takes for a company to obtain accounts receivable payments due from its clients (AR). To make sure they have enough cash on hand to cover their financial responsibilities, businesses employ the average collection period.
For businesses that largely rely on receivables for their cash flows, the average collection period is a crucial number since it shows how well a company manages its accounts receivable.
An accounting indicator known as the average collection period is used to show the typical number of days that pass between the date of a credit sale and the day that the buyer submits payment.
The success of a company's AR management strategies can be determined by looking at its average collection period. For operations to run successfully, businesses must be able to control their typical collecting period.
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The proof that goods have been moved from the receiving area to the warehouse is the group of answer choices invoice verification accounting document goods receipt/issue slip material document
The material document is the proof that goods have been moved from the receiving area to the warehouse.
What is a material document?Materials (items) that are issued from inventory or received into it are included in material documents in SAP. In each hospital, the records are solely produced by Materials Management / Services employees, not by departmental end users. In SAP, the terms "goods receipt" and "goods issue" are used to describe any material movement. Each material movement has a corresponding movement type that serves as an identifier. Each material movement will result in the generation of a material document and/or an accounting record.
The only type of document in an ERP system is often a material document.
This record is generated by the system to trace the flow of goods during logistical operations such as the receipt, transfer, or issue of goods. So whenever a user or system operator does a transaction on the logistic side.
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Bonds payable has a balance of $1,137,000 and discount on bonds payable has a balance of $13,644. if the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption?
Bonds payable have a balance of $1,137,000 and the discount on bonds payable has a balance of $13,644 The amount of loss on redemption is $9096.
A bond is a financial industry term or entity that describes a form of bond specified in a contract or legal contract. In finance, a bond is a type of security in which the issuer owes the holder an obligation that, depending on the terms and conditions, requires the principal of the bond and interest for a specified period to be repaid on maturity.
Bonds are issued when governments and companies want to raise money. By purchasing a bond, you are providing a loan to the issuer, who agrees to repay the face value of the loan by a specified date and make regular interest payments, usually twice a year. increase.
Assuming the price of a bond is $100
The number of bonds available for redemption is
= $1,137,000 /100 =$1,137,0 bonds
Given bond redemption value = $98
Loss per bond is 100 - 98 = $2
Total loss on redemption of bonds =$1,137,0* 2= $22,740
Balance available in a discount on bonds payable = $13,644.
Hence, the net loss = $22,740- $13,644.= $9096
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A consumer is most likely to primarily use a(n)_________ when he buys a brand such as apple to which he is very brand loyal, or if he has previously owned an ipod and an iphone previously.
A consumer is most likely to primarily use a(n) Internal search when he buys a brand such as an apple to which he is very brand loyal, or if he has previously owned an iP/od and an iP.hone previously.
This is further explained below.
What is an Internal search?Generally, When a customer buys a product from a company like Apple, for which he has a strong sense of brand loyalty, or if the customer has previously had both an iPod and an iPhone, the customer is more likely to do an internal search than any other kind of search.
In conclusion, A list of search phrases that visitors to your website have typed into the search engine on your website is shown by Internal Search.
Search does not display the search phrases that were entered into an external search engine, such as G/oogle or Bi/ng, in order to locate your website.
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The new york stock exchange, where financial investors buy and sell existing stock, is an example of _______.
The new york stock exchange, where financial investors buy and sell existing stock, is an example of the secondary market.
A market is a composition of structures, institutions, approaches, social family members or infrastructures whereby parties interact in trade. at the same time as events can also alternate goods and offerings by way of barter, most markets depend upon dealers imparting their goods or offerings to shoppers in exchange for money.
A marketplace is an area wherein consumers and sellers can meet to facilitate the alternate or transaction of goods and offerings. Markets may be bodily like a retail outlet, or virtual like an e-store. other examples include illegal markets, public sale markets, and financial markets.
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.astore sold 14 more colored shirts than white shirts. the white shirt cost$9.95 and colors cost $10.50. if atotal of $310.60 weresold, how many of each type were sold?
The likelihood of receiving either "heads" or "tails" is 1/2 (sometimes expressed as 0.5 or 50%).
The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 and 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty. The likelihood that an event will occur increases with its probability. A straightforward illustration is tossing a fair (impartial) coin. Since there are no other conceivable outcomes and the coin is fair, the possibilities "heads" and "tails" are equally likely; hence, the probability of "heads" equals the probability of "tails."
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A customer with additional funds to invest seeks income, but thinks his portfolio is too heavily weighted in debt securities. the best recommendation to the customer is:_____.
For the customer with an additional funds to invest seeks income but thinks his portfolio is too heavily weighted in debt securities, the best recommendation to the customer is a Preferred stocks.
What is a Preferred stocks?It is a distinct equity that represents ownership of a company, right to claim income from the company's operations. The holders of preferred stock have a higher claim on distributions than common stockholders and usually have no or limited, voting rights in corporate governance
As this customer does not want to buy any more bonds; the Preferred stock is a fixed income equity security, so it meets the customer's requirement that the recommendation not be a bond and it pays a fixed dividend rate (similar to bonds) for income.
In conclusion, for the customer with an additional funds to invest seeks income but thinks his portfolio is too heavily weighted in debt securities, the best recommendation to the customer is a Preferred stocks.
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Two individuals signed a contract that was intended to be their entire agreement. the parol evidence rule will prevent the admission of evidence offered to?
The parol evidence rule will prevent the admission of evidence offered to prove the existence of a contemporaneous oral agreement modifying the contract.
Parol evidence refers to anything that was said, done, or written before the parties signed the agreement or as they signed it.
Therefore anything that was done or said before signing the agreement or contract will pevent the admission of evidence .
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Why does a diverse and inclusive workforce benefit a firm supporting a global market?
A diverse and inclusive workforce benefit a firm supporting a global market. A variety of language skills serves the global customer base well
You may acquire in-depth local market knowledge, cultural insights, local networks, and alternate solutions to bottlenecks by assembling a diversified workforce. Having the right team means that you grasp the demands, channels, and preferences in the local context, which is necessary to sell successfully in global markets.
We now live in a new, interconnected world where everyone competes with everyone else for everything. This is particularly true for SaaS businesses and internet-based services, where there are few entry requirements if you have a laptop, an internet connection, and coding skills. Tech companies that want to grow swiftly need methods and approaches for entering and serving new markets quickly while avoiding the numerous difficulties associated with establishing a global market.
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A 20-year-old woman has a bottle of wine along with her other groceries that she is purchasing. is this a legal off-premise sale of alcohol?
No, Alcohol cannot be bought or attempted to be bought by minors. Anyone under 21 is considered a minor for the purposes of alcohol sales.
The Twenty-first Amendment to the American Constitution gives each state and territory in the country the authority to control alcoholic beverages that are consumed inside their borders. As a result, there are considerable regional differences in the regulations governing the manufacture, marketing, distribution, and use of alcoholic beverages.
The National Minimum Age Limit Act was passed on July 17, 1984. The Act stipulates that all states must establish their minimum age for purchasing alcoholic drinks and their minimum age for having alcoholic drinks, publicly to no lower than 21 years of age, or else they would forfeit 10% (Changed to 8% in 2012) of their allotted federal transportation money.
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The actions that firms in an industry must perform in the process of designing, manufacturing, and providing customer service are called:__________
The actions that firms in an industry must perform in the process of designing, manufacturing, and providing customer service are called: value activities
What are primary value activities?
The primary activities of the value chain are inbound logistics, operation outbound logistics, marketing and sales, and service. Secondary activities or the support activities like firm infrastructure, human resources management, and procurement
What is an example of a value chain activity?
The activities associated with this part of the value chain are giving service to maintain the value of the product after it has been sold and delivered. Examples: installation, repair, training, parts supply and product adjustment.
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Variable costs blank______.
Variable costs are also known as mixed costs. An expense for the company that varies according to how much is produced or sold is called a variable cost.
Describe what you mean by variable cost.An expense for the company that varies according to how much is produced or sold is called a variable cost. Variable costs rise or fall in relation to a company's output or sales volume. They expand in accordance with production and contract in accordance with production.
Variable costs include things like raw materials, piece-rate labor, production supplies, commissions, shipping costs, packing costs, and credit card fees.
Costs or expenses that are fixed do not alter as a result of shifts in production or sales volume. Just a few examples of the expenses they pay include rent, insurance, dues and subscriptions, equipment leases, loan payments, depreciation, management salaries, and advertising.
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A firm is an organization that transforms resources into products. these agents:_____.
A firm is an organization that transforms resources into products. these agents are the primary producing units in a market economy.
What are firms?Firms are organizations in a country that take resources and then put them through productive processes to be able to transform them into products that are either intermediate or final. Either way, these products satisfy the needs and wants of people.
As a result of firms being the ones behind production in an economy, they are the primary producing units that are available in a market economy. This is because firms are private and it is the private entities that produce in a market economy.
Options for this question are:
A. produce these products simply to provide the highest profit possible to their shareholders. B. transform outputs into inputs in order to sell the inputs to other firms, which create products to sell to consumers. c. are only found in product markets. D. are the primary producing units in a market economyFind out more on the importance of firms at https://brainly.com/question/24553900
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For a monopoly firm, if avc = $35, p = $30, and atc = $40, then the profit-maximizing firm should?
For a monopoly firm, if avc = $35, p = $30, and atc = $40, then the profit-maximizing firm should Shut down.
Shutting down a business results in no revenue and no variable expenses. The company still has fixed costs, though. Consequently, the company's profit is equal to fixed expenses minus (–FC). A business in operation makes money, pays fixed expenses and variable costs.As a general rule, a decision to permanently close down, that is, leave the market, should only be made if revenues are insufficient to pay for all expenditures. It implies that a company incurring losses should eventually close its doors and leave the market.To know more about shut down visit:
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A job opening for someone who "has the ability to use analytical reasoning and relevant judgment to address customer service issues, as well as generate new ideas," would be best filled by a(n)?
A job opening for someone who "has the ability to use analytical reasoning and relevant judgment to address customer service issues, as well as generate new ideas," would be best filled by knowledge worker.
What is analytical reasoning?
The ability to look at information, whether it be qualitative or quantitative in nature, and identify patterns within the information is known as analytical reasoning, also known as analytical thinking. Understanding the fundamental relationships in a set of relationships, recognizing logically equivalent statements, and inferring what could be true or must be true from given facts and rules are all examples of analytical reasoning. Analytical reasoning also involves deductive reasoning without the need for specialized knowledge.
The qualities mentioned in the question such as having ability to use analytical reasoning, having relevant judgement to address customer service issues, and ability to generate new ideas would be perfect for the role of knowledge worker.
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The element of the marketing mix demonstrated when an art gallery suggests a $2 donation at the door is:________
Price is the marketing mix component that is on display when an art gallery requests a $2 entrance donation.
Since art is a means of portrayal, the artist can use it to compel the viewer to reflect on the subject matter being portrayed. A donation request that is too low will imply that you lack faith in your capacity to address the issue and that it is urgent, while a donation request that is too high will turn off the supporter. In order to raise money without putting a strain on the supporter's finances of price, charities frequently make suggestions that are neither too low nor too high. As a result, it is the Price mix.
A price is the amount of money that one party pays another in exchange for products or services; it is typically not negative. The cost of production might take on numerous names depending on the circumstance. If the item is a "good" in a commercial transaction, the cost of the item will probably be referred to as its "price". There will be other potential names for this product's name if the thing is a "service," though.
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Energy derived from renewable sources located within the project site perimeter is called:_________
On-site renewable energy.
What Exactly Is a Renewable Resource?A resource that can naturally replace itself throughout time is said to be renewable. Therefore, despite human consumption, it is sustainable.
Because of their potential to replace non-renewable or finite resources in the generation of energy, renewable resources are viewed as being of particular importance. Additionally, compared to non-renewable resources like coal and fossil fuels, renewable resources can give greener energy alternatives.
The sun, wind, water, geothermal heat from the soil, and biomass are a few examples of renewable resources.
As long as there is precipitation, water is also regarded as a renewable natural resource. The need for conservation measures to protect water supplies has been demonstrated by changing climatic trends.
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