Free enterprise refers to a free market economy that has few restrictions on the transfer of wealth or the purchase and sale of products and services.
A business is a place where people come together to work. People work in a business to produce and market goods and services. The goods and services are purchased by other people. A company can make money from the goods and services it provides. The word "business" derives from the verb "to be busy," which refers to action. To turn a profit, any firm needs to make some kind of investment and have a sufficient number of consumers to whom it can consistently sell its output. Pepsi Co. is an illustration of a corporate firm, whereas a mom-and-pop catering service is a private business.
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scarcity exists because of: question 17 options: the allocation of goods by prices. specialization and division of labor. unlimited wants and limited resources. the market mechanism.
Scarcity exists because of: Limited resources and infinite needs is the best choice.
The required details about scarcity is mentioned in below paragraph.
Due to both a lack of resources in the economy and their heavy consumption, there is scarcity. Economically speaking, there are more requirements than there are resources, which results in scarce conditions.
A fundamental economic issue is scarcity. It happens when there aren't enough resources to meet all of society's needs. Due to their multiple applications, resources are even more scarce. The term "scarcity" in economics refers to the fundamental truth that there are only finite quantities of resources, humans, and nonhuman entities that can only generate a finite maximum amount of any given good.
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when managed care occurred in the 1990s and reduced the rapid rise in healthcare costs and premiums, did any change occur in employees' total compensation?
No, but employee cash wages increased. so the option A is correct answer of the given question.
A wage is the sum of money that an employer pays to an employee in return for labour that is provided over a predetermined amount of time. In addition to remunerative payments like incentives and tip payments, wages can also include compensatory payments like the minimum wage, prevailing rate, and annual bonuses. Wages are a component of the costs associated with operating a business. Regardless of the company's success, it is a duty to the employee.
Payment by wage contrasts with salary, where the employer makes regular payments of a fixed sum without taking into account the number of hours worked (such as once per week or once per month), commission, where pay is based on individual performance, and compensation based on the overall success of the company.
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complete question:
When managed care occurred in the 90s and reduced the rapid rise in healthcare costs and premiums, did any change occur in employees total compensation?
A. No, but employee cash wages increased
B. No, the employer spent less on employee health benefits and thus increased its profits
C. No with lower medical costs, the managed care firms were able to keep all the savings for the shareholders
D. No but employee cash wages increased
the bargaining power of suppliers is enhanced under which following market condition? no threat of forward integration low differentiation of the supplier products greater availability of substitute products dominance by a few suppliers
The following market circumstance—dominance by a small number of suppliers—increases the bargaining strength of suppliers.
What strengthens the suppliers' negotiating position?Supplier bargaining power is high if there are few suppliers relative to numerous customers, or if suppliers are concentrated. On the other hand, if buyer switching costs, or the price to switch from one supplier to another, are high, suppliers have more negotiating leverage.
What potential harm does supplier bargaining power pose?The possibility for profit in a sector is diminished by the presence of strong suppliers. Threatening to increase prices or lower the quality of goods and services helps suppliers enhance competition. They therefore lower profitability in sectors where businesses are unable to pass on cost increases to consumers through higher prices.
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when an item is produced in an economy, the law of increasing costs will cause when an item is produced in an economy, the law of increasing costs will cause the production costs will decrease. the actual cost goes up but the opportunity cost goes down. the opportunity cost of making more rises. the actual cost of making the item goes down.
When an item is produced in an economy, the law of increasing costs will cause when an item is produced in an economy, the law of increasing costs will cause the opportunity cost of making more rises.
What is the opportunity cost law?It corresponds to a premise about the impact of the production of a good that means the reduction of the production of another type of good, that is, the greater the production of a product, the greater the opportunity cost of other products.
Therefore, the opportunity cost corresponds to the cost that is lost due to a choice, that is, the more you produce a product, the more you fail to produce another additional product.
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Suppose the mayor of combopolis introduces a legal minimum wage of $6 per hour. this type of price control is called a?
The mayor of combo polis introduces a legal minimum wage of $6 per hour. this type of price control. The type of price control described above is called PRICE FLOOR.
What is PRICE FLOOR?
The lowest permitted price that can be paid in a market for products and services, labour, or financial capital is known as a price floor. The minimum wage, which is founded on the normative idea that someone performing a full-time job should be able to afford a basic level of living, is maybe the best-known example of a price floor. At the end of 2014, the federal minimum wage was $7.25 an hour, providing an income for one person just above the poverty line. Congress periodically increases the federal minimum wage as the cost of living increases over time.
Because they keep a price from falling below a specific level, price floors are also known as price supports. all throughout the world.
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an example of a controllable cost is question content area bottom part 1 a. property insurance. b. advertising. c. property taxes. d. depreciation on headquarters building.
Option (b), Advertising is an illustration of a cost that can be managed.
How much of the expense is under your direct control and how much is not?Marketing and labor budgets, for instance, are two examples of controllable costs that the company has total authority over. Rent and insurance are examples of non-controllable costs, on the other hand, which a firm cannot change.
The term "controllable costs" refers to expenses that can be promptly modified. To put it another way, a cost is considered to be bearable if only one person decides to bear it. When a decision is taken by a group of people, a cost is uncontrollable from the viewpoint of any one person.
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srinivasan, inc., sells $600,000 worth of goods on account in march and estimates that 2% of these credit sales will ultimately prove to be uncollectible. the cost of the items sold was $400,000. as a result, total assets will
Decrease by $200,000 (the difference between the sales revenue and the cost of the goods sold). However, the estimated uncollectible accounts will further decrease the assets by $12,000 (2% of $600,000). So, the total decrease in assets will be $212,000 ($200,000 + $12,000).
Sales = 600,000
Uncollectible = 2%, or 600,000 times 2%, or 12,000
Sales of collectibles: 600,000 – 12,000 = 588,000
40000 is the cost of sales.
Sales revenue = 588,000 – 400,000 = 188,000
In addition, assets will rise by 188,000 in March.
Credit sales are agreements in which the whole amount of the loan will be paid off at a later date. Credit sales, then, are transactions when the customer does not make a full payment in cash at the time of the sale.
Credit purchases usually have credit conditions. Credit terms outline the timing of payments for purchases bought on credit, any potential discounts, and any prospective interest or late payment fees.
For example, the terms of a transaction made on credit may be 2/10, net 30. This means that the payment deadline is 30 days (net 30). However, if the customer pays within 10 days, they will receive a 2% discount.
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which process id''s factors that could dmg or disclose data, evaluate those factors considering data value and countermeasure cost, and implements a cost effective solution
Risk management is the process id''s factors that could dmg or disclose data, evaluate those factors considering data value and countermeasure cost, and implements a cost effective solution.
What is Risk management?In order to reduce, monitor, and control the likelihood or effect of unpleasant occurrences or to optimise the realisation of possibilities, risk management involves the identification, appraisal, and prioritising of risks. This is followed by the coordinated and efficient use of resources.Identification, assessment, and control of financial, legal, strategic, and security threats to the assets and profits of an organisation constitute the process of risk management.The risk register is a tactical instrument for project risk management. It is effective to collect information on the risks the team anticipates and then determine how to handle pro-actively if they do occur throughout the project.To learn more about Risk management refer to:
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how would you address an employee who is abusing substances?
Don't rely on rumor or other unreliable sources. Instead, obtain proof from superiors or other people who saw the action firsthand.
What do you tell someone who is drug dependent?Be explicit in your communication with them and don't be scared to calmly communicate your own feelings. In fact, it's often a good idea to start by expressing your emotions. Tell your loved one how hurt and worried you are about their safety after seeing them use drugs.
What constitutes a successful drug misuse treatment strategy?everyday journaling to go to a therapist's weekly treatment sessions. to go to weekly sessions of a support group. to complete the Narcotics Anonymous or Alcoholics Anonymous 12-Step program.
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both a/b tests and attribution modeling studies help you to optimize your advertising, but how do they differ?
A/B tests compare two versions of a web page, ad, or other element to determine which performs better. It involves testing two versions of something against each other to see which one works better.
A/B tests are typically used to optimize for a single metric, such as click-through rate, conversion rate, or time on page. Attribution modeling is a more comprehensive approach that focuses on the entire customer journey and how each touchpoint contributes to the bottom line.
It will help you understand how different marketing channels and campaigns interact. Attribution models can help determine which channels are driving conversions and can be used to make budget allocation decisions.
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the real risk-free rate is 2%, and inflation is expected to be 4% for the next 2 years. a 2-year treasury security yields 7.1%. what is the maturity risk premium for the 2-year security
According to the available information, the maturity risk premium for the 2-year security is 1.1%.
the data provided is
Rate on Treasury Securities: 7.1%
2.0% is the actual risk-free rate.
Average inflation is equal to 4%.
What is the 2-year security's maturity risk premium?
The formula Treasury Security Rate= can be used to get the market risk premium. Average inflation rate plus market risk premium plus real risk rate
7.1% = 2.0%+4%
6% +market risk premium = 7.1%
Market risk premium= 7.1%% - 6%.
1.1% is the market risk premium.
The market risk premium for the 2-year security is therefore 1.1%.
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economic growth is shown as a: question 18 options: a) movement down along the ppf. b) shift to the left in the ppf. c) movement up along the ppf. d) shift to the right in the ppf.
Economic growth is shown as movement up along the Public provident fund.
What is Public provident fund?In India, the National Savings Institute of the Ministry of Finance launched the Public Provident Fund (PPF) in 1968 as a savings and tax-saving tool. By providing an investment with respectable returns along with income tax advantages, the scheme's primary goal is to mobilise small savings. A common savings-and-investment instrument in India is the Public Provident Fund, or PPF. They are excellent for risk-averse investors who want long-term capital growth. Additionally, the tax advantages of PPF for both investments and returns make it an appealing option. Five years is a far shorter lock-in period than PPF for tax-saving FDs. However, there is risk associated with FDs, and the money you earn is taxed.
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seymour forms giant corporation by contributing equipment, which has a basis of $50,000 and an fmv of $80,000 in exchange for giant stock. seymour also contributes $5,000 in cash. if the transaction meets the sec. 351 control and ownership tests, what are the tax consequences to seymour?
The tax consequences for Seymour depend on the value of the stock received in exchange for the equipment and cash. If the stock has a fair market value of $80,000 or more, Seymour will have a taxable gain of $30,000 ($80,000 - $50,000).
What is tax?Tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.
The gain will be calculated as the difference between the fair market value of the stock received and the basis in the equipment. Seymour will also have a taxable gain of $5,000 on the cash contribution.
If the value of the stock received is less than $80,000, Seymour will have a taxable gain of $35,000. The gain will be calculated as the difference between the fair market value of the stock received and the total of the basis in the equipment and the $5,000 cash contribution.
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you deposit $200 in a savings account earning a 3.5% simple intrest. how long will it tak for the balance of the account to be $221
It would take 15 years for a savings account balance to reach $221 at simple interest of 3.5%.
A savings account is a type of bank account that allows individuals to save money and earn interest on their savings. Savings accounts typically pay lower interest rates than other types of investment accounts, such as certificates of deposit (CD) or money market accounts, but also offer more access to funds and greater liquidity.
To determine how long it took for the balance in a savings account to reach $221, we can use the simple interest formula:
I = P * r * t
Where:
I am the interest earned
P is the initial deposit (principal) of $200
r is the interest rate of 3.5% (expressed as a decimal)
t is the time (in years)
We can rearrange the formula to solve for t:
t = I / (P * r)
Enter the value:
t = ($221 - $200) / ($200 * 0.035)
t = 0.105 / 0.007
t = 15 years
So, it would take 15 years for a savings account balance to reach $221 at simple interest of 3.5%.
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dr. smith has a claims-made malpractice insurance policy with a policy period from june 30, 2006 to june 30, 2007. which claim would trigger this policy?
Dr. Smith has a claims-made malpractice insurance policy. B. A claim filed on January 13, 2007 for surgery performed on June 28, 2005 claim would trigger this policy.
A malpractice insurance policy is a financial protection plan designed to shield medical practitioners from financial losses incurred while providing professional services. As a sort of professional indemnity insurance policy, it protects against a patient's negligence suit.
To work in hospitals and other medical facilities, states require medical professionals to carry current malpractice insurance. Premiums for medical malpractice insurance are typically dependent on the physician's specialization and geographic location, rather than claims experience.
This implies that even if a doctor has never been sued, they could end up paying exorbitant premiums. Premiums might be high due to reasons such as the quantity of coverage required, the severity of claims, the frequency of claims, the location of practice, and local restrictions.
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Correct question:
Dr. Smith has a claims-made malpractice insurance policy with a policy period from June 30, 2006 to June 30, 2007. Which claim would trigger this policy?
A. A claim filed on September 20, 2007 for surgery performed on June 1, 2007
B. A claim filed on January 13, 2007 for surgery performed on June 28, 2005
C. A claim filed on October 24, 2007 for surgery performed on November 15, 2006
D. A claim filed on December 7, 2007 for surgery performed on June 1, 2006
craftland artisans relies heavily on temporary workers to keep their factory operating at peak efficiency. the u.s. government has enacted a new law that increases compliance requirements for hiring temporary workers. craftland decides to hire a compliance officer to ensure they do not violate the new law. which force from the marketing environment is most likely at work in this situation?
Craftland decides to hire a compliance officer to ensure they do not violate the new law. The force from the marketing environment that is most likely at work in this situation is the legal/political force.
The legal/political force is one of the six external forces that make up the marketing environment. It refers to the laws and regulations that govern the marketing activities of a company. This includes everything from advertising standards and consumer protection laws, to labor laws and tax regulations.
In the situation described, the US government has enacted a new law that increases compliance requirements for hiring temporary workers. This new law has the potential to affect Craftland's ability to efficiently operate its factory, as they rely heavily on temporary workers.
To ensure they do not violate the new law, Craftland has decided to hire a compliance officer. This shows how the legal/political force can impact a company's operations and decision-making, and highlights the importance of companies being aware of and responsive to changes in the legal and political environment.
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Global monitoring deals with tracking changes in environmental trends that are often uncovered during the environmental scanning process. TRUE or FALSE
False, as environmental monitoring follows the development of environmental patterns, many of which are discovered by chance or brought to their attention by outside organizations.
Does global monitoring involve following alterations in environmental trends?Environmental trends that are frequently discovered throughout the environmental scanning process are monitored globally.
Which phrase refers to the real monitoring and assessment of information from a business organization's internal and external environments?Information regarding events and their connections within the internal and external environments of an organization are gathered through the process of environmental scanning. Environmental scanning is mostly used to assist management in choosing the organization's future course.
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hubspot test true or false? buyer personas are non-fictional case study examples of your most successful customer
True. Buyer personas are fictional representations of your ideal customers, based on market research and real data about your existing customers.
A buyer persona is a detailed and semi-fictional representation of a business's ideal customer. It's created by combining market research, data analysis, and industry knowledge to create a composite picture of the target audience. The purpose of creating a buyer persona is to help businesses better understand the motivations, behaviors, and pain points of their target audience, so they can tailor their marketing and sales efforts accordingly. Buyer personas can be thought of as non-fictional case studies of a business's most successful customers, as they take real data and insights about customer behavior and create a fictional representation that can be used to guide decision-making and strategy.
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deb and pete have volunteered to help their favorite charity mail out fundraiser information. the figure above shows their production possibilities frontiers for assembling packets and stuffing envelopes. if deb and pete specialize and trade, how many packets will be assembled? group of answer choices more than 80 and less than 160 40 160 more than 40 and less than 80 80
At the point of intersection of their PPFs, Deb can assemble 80 packets and Pete can stuff 160 envelopes.
To determine the number of packets assembledif Deb and Pete specialize and trade, we need to find the efficient production point where they are producing at the maximum output for their given resources. This point is found at the intersection of their production possibility frontiers (PPFs).
Since Deb has a comparative advantage in assembling packets, it makes sense for her to specialize in this task. On the other hand, Pete has a comparative advantage in stuffing envelopes, so he should specialize in this task. As a result, Deb will assemble all of the packets, and Pete will stuff all of the envelopes.
Hence, the answer is 80 packets will be assembled.
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why does finance add back depreciation and amortization in its measure of economic returns? multiple choice companies often overspend for assets, leading depreciation to be too high depreciation appears on the balance sheet, not the income statement depreciation isn't a cash expense depreciation is highly uncertain and should not be counted
(d) Because depreciation is so unclear, it shouldn't be included. Depreciation is a method of accounting used to spread out the expense of an item over the period of its useful life. This is not cash.
Depreciation is a phrase used in accounting to describe how an asset's value decreases over time as a result of damage, obsolescence, or other circumstances. It's a non-cash expenditure that businesses list on their balance sheets to represent the asset's diminishing worth. Based on the asset's cost, anticipated useful life, and depreciation method, the amount of depreciation is determined (such as straight-line or accelerated). By accounting for the deterioration in asset value over time, depreciation gives a more realistic picture of a company's financial performance. Additionally, it enables businesses to lower their taxable income by deducting the cost of an asset.
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land was purchased to be used as the site for the construction of a plant. a building on the property was sold and removed by the buyer so that construction on the plant could begin. the proceeds from the sale of the building should be group of answer choices classified as other income. deducted from the cost of the land.
The proceeds from the sale of the building should be deducted from the cost of the land.
The correct answer is Option B.
The cost of the land to the buyer is lower because of the money made by the building's removal and sale.
If the structure had been demolished, the land would have received the net demolishment cost. The example in the problem saves money in comparison to the latter circumstance.
The term "Proceeds of Sale" refers to the net amount owed to the consignor which is calculated as the hammer price less the consignor's commission and any other sums owed by the consignor to Levis or any of its affiliated companies.
Deduction from cost is the practice of deducting specific costs from the amount of money you have made before paying taxes on it.
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The question is incomplete. The complete question is:
Land was purchased to be used as the site for the construction of a plant. A building on the property was sold and removed by the buyer so that construction on the plant could begin.
The proceeds from the sale of the building should be:
a. Classified as other income.
b. Deducted from the cost of the land.
c. Netted against the costs to clear the land and expensed as incurred.
d. Netted against the costs to clear the land and amortized over the life of the plant
how many credits to be a sophomore in high school in texas?
We are in sophomore standing when we have 30 credits; junior standing when we have 60 credits; and senior standing when we have 90 credits.
What do we mean by a sophomore?A secondary school, a college or university, or another post-secondary institution in the United States.
A student in the tenth grade, often known as Class 10, is comparable to a sophomore in high school.
When you have 30 credits, you will be in sophomore standing; when you have 60 credits, you will be in junior standing; and when you have 90 credits, you will be in senior standing.
A professional player in their second season is known as a sophomore in sports.
A four-year course has four stages: freshman, sophomore, junior, and senior.
The 10th grade, often known as the sophomore year, is the second year of high school for students (typically between the ages of 15 and 16).
Therefore, we are in sophomore standing when we have 30 credits; junior standing when we have 60 credits; and senior standing when we have 90 credits.
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suppose that the money demand function takes the form if output grows at rate g and the nominal interest rate is constant, at what rate will the demand for real balances grow? what is the velocity of money in this economy? if inflation and nominal interest rates are constant, at what rate, if any, will velocity grow? how will a permanent (once-and-for-all) increase in the level of interest rates affect the level of velocity? how will it affect the subsequent growth rate of velocity? for the central bank to achieve a long-run target inflation rate of , at what rate must the money supply grow?
It will result in an instantaneous boost in inflation, but it has no impact on the velocity's increasing rate.
What is inflation?Inflation, usually referred to as the slow erosion of buying power, is the rise in prices. The pace at which purchasing power is eroding can be determined by calculating the average price increase of a selected basket of goods and services over a predetermined amount of time. Due to price rises, which are typically expressed as percentages, a unit of money now effectively buys less than it did earlier in time. Although it is easy to observe individual product price changes over time, human needs transcend beyond just one or two things. People need a wide range of goods and services in order to live comfortably.
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which of the following statements is true of the common view of corporate social responsibility (csr)? multiple choice it holds that profit is independent of optimal allocation of resources. it states that business has a strict obligation to contribute to social causes. it holds that the primary responsibility of managers is to serve shareholders. it has its roots in the deontological tradition and keynesian economics.
The following statement is true of the common view of corporate social responsibility (CSR):
What is social responsibility ?It holds that business has a strict obligation to contribute to social causes.The typical understanding of CSR is that companies have an obligation to maximise shareholder profit while also taking into account how their operations affect society and the environment. The stakeholder theory of CSR, which contends that businesses have duties to all of their stakeholders, including shareholders, employees, customers, suppliers, and society at large, provides the foundation for this point of view.The popular perception of CSR does not support the following claim:It contends that serving shareholders is a manager's main duty.This claim is more in line with the shareholder primacy theory of CSR, which maintains that managers' first priority should be to maximise shareholder wealth.
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what’s the best way to have your business’ story remembered and shared?
To ensure that your business's story is remembered and shared, create emotional alignment with your prospects and clients.
Should your strategy for producing content remain constant over time?False or true? Over time, your content generation architecture should remain constant. False. Your method for supporting business goals and content should adapt as they do.
What kind of content is shared most frequently?Shares of visual content are highest. It is a known fact. As many as 32% of marketers believe that the most crucial form of content they provide is visual. An infographic is the finest sort of visual content to create if you want to increase shares.
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Accounts payable appear on which of the following statements?
a) Transaction statement
b) Balance sheet
c) Statement of cash flow
d) Statement of owner's equity
e) Income statement
A balance sheet for a business displays accounts payable, whereas an income statement displays expenses.
Accounts Payable would appear where?On the a company's balance sheet, accounts payable are listed.Given that it is money owing to creditors and appears on the balance sheet under current liabilities, payables is a liability.
Does the cash flow statement include accounts payable?Every other significant impact of cash from the balance sheet and income statements is also included in the cash flow, as well as the cash effect of changes to receivable and payable accounts.
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our international corporations should not bribe officials in other countries. this should be prohibited. why? because the companies that give such bribes get an unfair advantage. g
Bribery is unfair and corrupt, so international corporations should avoid it to promote fairness and trust.
Bribery is unethical and unfair to those who don't have the money to pay bribes. It can lead to corruption and inequality in the country, as those with the money to pay bribes may be favored over those without the money. This can lead to a lack of trust in the government, and a lack of trust in international corporations. Therefore, it is important for international corporations to refrain from bribing officials in other countries, so that everyone is treated fairly and equally.
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true or false? this economy does not experience scarcity as it has enough resources to produce more than one unit of each of the two goods.
This economy does not experience scarcity as it has enough resources to produce more than one unit of each of the two goods - False.
A region's or a political entity's economy is its system for producing, distributing, exchanging, and consuming products and services. How resources are distributed is determined by the economy, which is impacted by a variety of variables such as governmental regulations, technological advancements, consumer trends, and world events. An economy's objective is to properly distribute resources, satisfy the needs and desires of its people, and support long-term economic growth.
Scarcity exists in all economies, regardless of the amount of resources available. Scarcity refers to the limited nature of resources, meaning that there are never enough resources to produce all the goods and services that people want. This means that choices must be made about how to allocate these limited resources, which creates the need for trade-offs and decisions about what to produce and for whom.
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ashanti is the founder of a small app development firm. she devised a method for meeting deadlines that has proven very effective for her organization. she believes that her method will also work for any other organization. what type of perspective does this belief reflect? a. situational b. scientific c. universal d. interactional
Ashanti is the founder of a small app development firm. This belief reflect c) universal type of perspective.
Organization Design is a structured, supervised method for integrating an organization's people, information, and technology. It is used to fit the organization's shape as closely as feasible to the organization's intended purpose(s).
The universal approach makes decision-making easier. Because the ethical choice has been virtually set, much reflection and argument may not be required. Furthermore, national laws and worldwide rules may make certain options mandatory, or at the very least strongly encouraged.
When the "correct" and "wrong" choices are clearly indicated, oversight becomes significantly easier. As a result, the universal approach can aid in ensuring equitable standards for all employees, business associates, and anyone impacted by a company's actions.
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businesses commonly acquire assets from: multiple select question. borrowing from creditors. repaying debt. paying cash expenses. earning revenue.
Businesses commonly acquire assets from: borrowing from creditors, paying cash expenses, earning revenue.
Businesses commonly acquire assets from several sources including:Borrowing from creditors can include obtaining loans from banks or other lending institutions.
Businesses can generate revenue through the sale of products or services and use this revenue to purchase assets.
Businesses can also purchase assets by paying cash for them rather than borrowing funds.
Repaying debt is not a common way for businesses to acquire assets, as this would result in reducing the assets of the business. Repaying debt is typically used to reduce the liabilities of a business.
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