'In order for a market economy to work, it is important that the supply of a product must not be restricted by a producer. in other words, monopolies must be banned.
As Irving Fisher explained, a monopoly is an uncompetitive market that creates a situation in which a particular person or firm is the sole supplier of a particular thing.
A monopoly is a situation where he is the only seller in the market. In traditional economic analysis, the monopoly case is viewed as the antithesis of perfect competition.
A monopoly is a company that is the sole seller of the product and has no substitute for it. Unregulated monopolies have market power and can influence prices. Examples: Microsoft and Windows, DeBeers and Diamonds, your local natural gas company.
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Able account distributions are tax-free when used to pay for qualifying:_________
a. lower education expenses
b. higher education expenses
c. medical expenses
d. disability expenses
The correct option is (d) disability expenses.
Able account distributions are tax-free when used to pay for qualifying disability expenses.
What is the purpose of an ABLE account?An ABLE account, also known as a 529 A account, gives people with disabilities and their families a tax-advantaged opportunity to save money for the account's designated beneficiary's disability-related expenses.
An ABLE Account is designed to support people with disabilities in maintaining or enhancing their independence, health, and quality of life. Federal income tax is not due on ABLE Account earnings when utilized for "Qualified Disability Expenses" (QDEs)
What are able qualified expenses?Any cost associated with the account owner's blindness or disability that helps them improve and/or maintain their health, independence, and/or quality of life is referred to as a qualifying disability expense (QDE).
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Economists face an obstacle that many other scientists do not face. What is that obstacle?.
The obstacle is that It is often difficult and sometimes impossible to perform experiments in economics.
What is economics?
Economics is the study of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are very important in the society.
The fundamental reason because of which, this obstacle come is because it is exceedingly challenging to assert that an occurrence is the result of just one cause in economics, just like in any other social science. In most cases, there are numerous causes, and vice versa, a single cause might result in a number of consequences.
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The artificial selection of which organisms was useful for darwin to come up the term natural selection? how did darwin compare the practice of breeding of organisms to natural selection?
The practice of breeding plants and animals to develop desired qualities. To create creatures with the desired attributes, such as size or flavor, it is purposely mated or cross-pollinated with species with similar desired qualities.
In contrast to artificial selection, which is carried out by humans with the goal of reaching particular results, natural selection occurs in nature unintentionally.
How did Darwin persuade his peers to believe in the reality of natural selection?
Darwin began out modestly. He exploited the concept of artificial selection in farming to gain access to scientists since he was aware that his theories were too radical for them to accept the idea of natural selection in one explanation.
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A licensee who assists one or more parties through a transaction without being an agent for any party to the transaction is a(n):______.
A licensee who assists one or more parties through a transaction without being an agent for any party to the transaction is a Statutory broker.
What is a Statutory broker?A statutory broker refers to a broker or a salesperson that is able to assist the parties in a transaction even though they are not an agent for either of the parties in the transaction.
Statutory brokers have regulations that they must follow however and in certain states, they need to be residents of a state.
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How many pairs of glasses in a 12-month period will a vision expense insurance plan cover?
1 pair of glasses is what would be covered in a vision expense insurance plan cover.
What is the vision expense insurance plan cover?This is the term that is used to talk about the insurance cover that is able to take care of all that has to do with the visions of a patient. It is the care that has to be given to the patients that would take care of their vision and the routine checks that they need.
This plan is known to also cover for the routine checks that the individual would receive based on the insurance. Hence we can say that 1 pair of glasses is what would be covered in a vision expense insurance plan cover.
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The basis of strategic position through serving broad needs of few customers is known as:_____.
The basis of strategic position through serving broad needs of few customers is known as "Needs-Based Positioning".
Thus, Variety-Based Positioning is inapplicable to this form of strategic positioning due to the fact that addressing a limited number of customers' wants is the foundation of variety-based business.
Additionally, choosing which industry developments and client wants the company will address in order to prevent organizational distractions as well as maintain the company's uniqueness are strategic leadership priorities.
Therefore, let's conclude that Needs-Based Positioning and Variety-Based Positioning can be very helpful for strategic leaders who have to address the needs and wants of the consumers.
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In the hospital's notes to financial statements, total assets of hospital-related organizations required to be disclosed amount to?
The hospital's Financial Statements include notes that list the $20,000 total assets of hospital-related organizations that are required to be disclosed.
Financial statements are documents that describe a company's operations and financial performance. Government organizations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investing purposes. The balance sheet, income statement, statement of cash flow, and statement of changes in equity are the four basic financial statements for for-profit entities. A similar but distinct set of financial statements is used by nonprofit organizations. Financial information is used by investors and financial analysts to assess a company's performance and forecast where the stock price will go in the future.
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If ten executives have salaries of $80,000, six have salaries of $75,000, and three have salaries of $70,000, what is the median salary?
If ten executives have salaries of $80,000, six have salaries of $75,000, and three have salaries of $70,000, The median salary is $80,000
Total number of observation = 10+6+3= 19
Median = [tex]\frac{n+1}{2}[/tex] =20/2 = 10 th value
Reason:
The median is the middle score when they are arranged in ascending or descending order.
Since there are a total of 19 observed values, the tenth value is the median $80,000
What is the median ?
The median is the middle number arranged in , ascending or descending order of numbers and can be more detailed of that data set than the average.
Why is median important?
The median is important because it gives us an information about the the center value of data and its location. The median tends to be more helpful to calculate than the mean when a distribution is skewed and/or has outliers.
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item at position 2 companies maintain accounting records that show assets at the amount of their market value because that information is more reliable than the historical cost. this statement is:
Two companies maintain accounting records that show assets at the amount of their market value because that information is more reliable than the historical cost. this statement is Mark-to-Market Accounting.
Mark-to-Market Accounting shows a strategy for accounting records of the current market cost of an asset or a liability for budget summaries.
Otherwise called Fair-Value Accounting, methodology organizations use to report their assets and liabilities at the assessed measure of cash they would get if they somehow managed to sell the resources or be mitigated their liabilities in the market today.
The market value is resolved because of what an organization would get for the resource assuming that it was sold by then.
In exchanging and effective money management, certain protections, like prospects and shared reserves, are additionally set apart to market to show the ongoing business sector worth of these speculations.
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A firm owned by a single person who has unlimited liability for the firm's debt is called a?
A business owned by a solitary individual who has unlimited liability for its debt is named a: sole proprietorship.
What is proprietorship?
There is no legal separation between the owner and the business entity in a sole proprietorship, which is additionally referred to as a sole tradership, individual entrepreneurship, or proprietorship.
A sole proprietor may employ other persons additionally to working alone.All profits attend the sole proprietor (subject to business-specific taxes), and he or she is solely liable for all losses and debts. The proprietor is that the owner of all of the business's assets and is also responsible for all of its debts.
A partnership, on the opposite hand, has a minimum of two owners; this business is a "single" proprietorship.
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A company exhibiting a high liquidity ratio is likely to have enough resources to pay off its short-term obligations. True or false?.
True, a company exhibiting a high liquidity ratio is likely to have enough resources to pay off its short-term obligations.
A company's liquidity reflects its capacity to settle its debt payments, or current liabilities, without resorting to borrowing money from outside sources or raising external capital. When a corporation has high liquidity, it can easily pay its short-term obligations; in contrast, when it has insufficient liquidity, it may soon go bankrupt.
Anything above 1 is considered to be a good liquidity ratio. It suggests that the company is in sound financial standing and is less likely to have financial difficulties. The business's safety margin to cover its present liabilities increases as the ratio rises.
Therefore, the answer is True.
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Trade company accepted a credit card with a fee for services rendered. this event affects trade company's ______.
Trade company accepted a credit card with a fee for services rendered. this event affects trade company's income statement, statement of changes in stockholders equity, balance sheet.
Income statementThe event tend to affect income statement because both service revenue as well as credit card expense appear on the income statement.
The event tend to affect statement of changes in stockholders equity because net income is affected by the income and expenditure and it will affect balance sheet because accounts receivable appears on the balance sheet.
Therefore Trade company accepted a credit card with a fee for services rendered. this event affects trade company's income statement, statement of changes in stockholders equity, balance sheet.
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In the ______ step of the stakeholder impact analysis, the firm identifies the opportunities and threats that stakeholders present to the firm.
In the third step of the stakeholder impact analysis, the firm identifies the opportunities and threats that stakeholders present to the firm.
Stakeholder impact analysis is done by the use of the analytical tools and techniques in order to quantify and analyze the effect of the business decisions on the stakeholders of a firm.
So in this analysis is considered to be a key task for the management of a company. It is also used in order to formulate business strategy and make distribution, production, and final sales-related decisions.
Hence, there are five steps to complete a stakeholder impact analysis, among which the third step is identifying how best to engage stakeholders.
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When doing research to recommend a reasonable listing price for a home, the most critical part of the research deals with analyzing?
When doing research to recommend a reasonable listing price for a home, the most critical part of the research deals with analyzing "Recently sold home selling prices."
What is listing price?In the real estate industry, the list price is the recommended gross sale price of residential property when it is placed on the market.
Some key features regarding the listing price are-
In some cases, comparative market analysis could be the most effective tool for determining a competitive list price. This type of analysis is typically performed by real estate agents while researching the prices of comparable properties sold in the area. Because no two properties are completely similar, agents will make appropriate modifications to take into consideration differences among house sales in a specific area in order to arrive at a reasonable list price.A comparative market analysis is not a formal evaluation. The real estate agent, on the other hand, will almost certainly use many of the same methods and techniques that an appraiser uses in order to arrive at a fair valuation for the estate. If the property is so distinct, either geographically or structurally, that no similar properties can be found, the holder may be required to hire a formal appraiser to ascertain the list price.To know more about the list price, here
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belkin incorporated has 100,000 shares of $3 par value common stock outstanding. belkin declares a 40% stock dividend on march 2 when the stock’s market value is $72 per share. prepare the journal entry for declaration of the stock dividend.
Upon declaration of stock dividend, Belkin Inc. must record the following journal entries as follows:
Journal entry :
1. Retained Earnings (100,000 shares x 40% x $72) Dr. $2,880,000
To Common Stock Dividend Distributable $2,880,000
2. Common Stock Dividend Distributable Dr. $2,880,000
To Common Stock (100,000 shares x 40% x $3) $120,000
To Additional Paid-in Capital $2,760,000
(100,000 shares x 40% x ($72 - $3)
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The probability that the firm could issue a clean, unmodified opinion when in fact a modified opinion should have been issued is referred to as?
Risk refers to the possibility that the firm might provide a clean, unmodified opinion when one should have been provided.
What risks do businesses face?
According to finance theory, a firm-specific risk is the unsystematic risk connected to a specific investment in a company that can be fully diversified. The investor can reduce their risk in this risk by adding more investments to their portfolio.
Risk Categories
The two basic types of risk are systematic and unsystematic, respectively. Systematic risk is the market uncertainty of an investment, i.e., external factors that have an impact on all (or many) businesses in a sector or group.
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When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is:_________
When, at every stage of production, the opportunity cost of producing more of one article or service relative to another is constant, then the production possibility frontier is rightward
Production-possibility frontier:
The term "production-possibility frontier" (PPF), "production possibility curve" (PPC), or "transformation frontier" refers to a graphical representation of all the output options for two products that can be produced using all factors of production, with the resources available being fully utilised. It illustrates several ways that two things can be produced in combination using the available resources and technology. A PPF shows a number of economic concepts, including the opportunity cost (or marginal rate of transformation), productive efficiency, and resource scarcity (the fundamental economic problem that all societies face).
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An error understated golden flash company's december 31, 2021, ending inventory by $27,000. what effect will this error have on net income for 2022?
An error understated Golden Flash company would understate the net income of the company for 2022.
What does understate and overstate mean?Understated and overstated are the two errors or terms that describes the inaccuracy in the accounting figures. These terms are mainly used by the accountants when reviewing the financial statements.
Understated error occurs when the amount that is reported on the financial statement is less than it should be. Overstated error occurs when the amount that is reported on the financial statement is more than it should be.
Basically, understated and overstated terms are the accounting terms.
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Global marketers may devise creative solutions for getting their products to hard-to-reach consumers in developing countries. this type of solution is part of the firm's _____ strategy
A global marketers may devise creative solutions for getting their products to hard-to-reach consumers in developing countries, this type of solution is part of the firm's distribution strategy.
What is a distribution strategy?It refers to the comprehensive process of making products and services available to businesses and target customers for their use. In other word, it means the strategy that is used make a product or a service available to the target customers through its supply chain.
As the strategy involves the method used to bring products, goods and services to customers or end-users, the marketers often gain repeat customers by ensuring an easy and effective way to get your goods and services to people, depending on the item and its distribution needs.
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Which of the market structures has unrestricted entry and exit, many sellers of the product and some ability to set the price?a. oligopoly. b. perfect competition.
Unrestricted entry and exit, numerous suppliers of the good, and some control over price setting are characteristics of monopolistic competition.
When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals. The price and marketing choices made by the rival companies serve as their points of differentiation. Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and comprises businesses with comparable but distinct product offerings.
Industries with monopolistic competition include those in restaurants, hair salons, household goods, and clothes.
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Suppose goods a and b are substitutes for each other. We would expect the cross-price elasticity between these two goods to be.
When two goods a and b are substitutes for each other then the cross-price elasticity between these two goods will be positive.
Economists use the cross-price elasticity of demand to categorize the relationship between two different items. The positive cross-price elasticity of demand indicates that two goods are substitutes. In other words, a decrease in the quantity demanded of a product due to an increase in its price will result in a rise in the demand for its substitute. On the other hand, if a product's price is reduced which will eventually increase the demand, the demand for its substitute product will decline.
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When using ________, a consumer exerts little effort in making a purchase decision. group of answer choices
When using habitual decision making , a consumer exerts little effort in making a purchase decision.
What is consumer exerts?
There are five fundamental steps in the decision-making process for consumers. Consumers use this technique to weigh their options before making a purchase. Problem identification, information search, alternative assessment, buy decision, and post-purchase evaluation are the five steps. Consumer motivation is an underlying condition that propels individuals to recognise and purchase goods and services that satisfy both conscious and unconscious needs and desires. When such wants are met, people may be inspired to make additional purchases or look for different products and services to better meet those needs.
Therefore,
When using habitual decision making , a consumer exerts little effort in making a purchase decision.
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An increase in an equity account (such as common stock) from the beginning of the year to the end of the year will result in a number on the statement of cash flows that is:_________
An increase in an equity account (such as common stock) from the beginning of the year to the end of the year will result in a number on the statement of cash flows that is financing activity.
The cash flow statement's financing activity focuses on how a company obtains capital and returns it to investors via capital markets. Dividend payments, stock repurchases, and proceeds from debt issuance make up the three biggest lines in the cash flow from financing activities statement.
The net amount of financing a business generates during a specific time period is called cash flow from financing activities. Cash Flow from Financing Activities measures the change in cash used for loan repayment, share repurchases, dividend payments, and capital raising (equity and debt).
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Which document contains a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project?
Work breakdown structure document contains a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project.
What is a project?A project is a collection of activities that must be finished in order to achieve a particular goal. A project may alternatively be described as a collection of all inputs and consequences necessary to accomplish a specific objective.
A part of project management in which the work is divided true various tasks and in a department, for example, is the product is to be made there would be various departments like purchasing department, Production department, quality department, as well as packaging department to sell the product. This is called a work breakdown structure
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The mix of debt and equity that a firm uses to finance its operations is known as:_________
Capital structure is the precise combination of debt and equity used by a company to fund its overall processes and growth.
What is a financing mix?The financing mix is, thus, the combination of deficit and capital that a firm utilizes to meet its goal of maximizing the worth of the firm. A firm will operate to maximize shareholders' funds, and for this to be completed, the main financing mix should be implemented.
An optimal capital structure is the best mix of obligation and equity financing that maximizes a firm's market value while minimizing its cost of capital.
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Suppose an innovation in meat processing technology makes it possible to produce more hot dogs at a lower cost than ever before.
Assume an innovation in meat processing technology makes it viable to supply more hot dogs at a decreased value than ever before: retaining the call for constant, a rightward shift within the supply will lead to a fall in rate and boom in the number of warm puppies offered in the market. the deliver curve will shift to the right.
The definition of technology is the software of scientific knowledge for realistic purposes or packages. era uses scientific standards and applies them to trade the environment wherein people stay. generation also can use medical standards to strengthen enterprise or other human constructions.
Technology is the application of medical information to the realistic objectives of human existence or, as it's far from time to time phrased, to the alternate and manipulation of the human surroundings. generation affects almost every aspect of 21st century life, from transport efficiency and protection to get the right of entry to food and healthcare, socialization, and productiveness. The strength of the net has enabled international communities to form, and ideas and assets to be shared extra without problems.
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Consumers will only buy additional units of a good if the price of the good is reduced is an example of ______.
Consumers will only buy additional units of a good if the price of the good is reduced is an example of Diminishing marginal utility
What is Diminishing marginal utility?Diminishing marginal utility can be defined as the law that stated that the benefit a person derived from buying an additional units of goods will tend to reduce as a goods consume increase.
The simply means that consumers or end user will tend to derived lesser joy from using an additional units of goods as they will be ready to increase the goods when the price is lesser.
Therefore Consumers will only buy additional units of a good if the price of the good is reduced is an example of Diminishing marginal utility
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Most standard portfolio analysis methods evaluate strategic business units (sbus) on their performance in two important dimensions. what are these two dimensions?
Most standard portfolio analysis methods evaluate SBUs on two important dimensions:-The attractiveness of the SBU's market or industry. The strength of the SBU's position in that market or industry.
What is Portfolio Analysis Method ?The majority of common portfolio analysis techniques assess SBUs based on two key criteria:-
The attractiveness of the SBU's market or industry the SBU's position in that market or sector's strength.
How does the portfolio analysis method work?In strategic management, portfolio analysis comprises examining every facet of the product mix in order to identify and assess all product or service groups that the firm offers on the market.
It also requires developing in-depth growth strategies for each element of the product mix. It may also be used to choose strategic business divisions for such selections. The fundamental objective of portfolio analysis in strategic management is to allocate resources as efficiently as possible among the many business activities that make up a varied company portfolio.
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The amount of goods and services produced from each unit of labor input is called.
Answer:
entrepreneurship
Explanation:
is the creating of an innovative of business with an aim of getting profit
The fact that the value of a company such as ebay increases as more people join and use ebay is characterized as the __________.
The fact that the value of a company such as eBay increases as more people join and use eBay is characterized as the Network effect.
What is the Network effect?The network effect is used to refer to instances where companies become more valuable when there are more people using the company's services and products.
This is especially common with E-commerce websites like eBay which became more valuable as more people both sold goods on it, and bought from it as well.
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