The correct answer is (b) importing.
Importing is buying products from another country.
What exactly is an import?An import is a good or service that is bought in one country but produced in another. Imports and exports are the two fundamentals of global markets if a nation's imports are more than its exports in value.
Free-trade agreements and a reliance on imports from nations with less expensive labor frequently appear to be the main causes of the reduction in manufacturing jobs in the importing country.
Free trade makes it easier to import products and raw materials from regions with less expensive labor costs, which lessens the need for domestically produced items. Between 2000 and 2007, the effects on manufacturing jobs were noticeable, and the Great Recession and the subsequent slow recovery only made matters worse.
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Identify the accounting assumption, principle, or constraint that describes each situation. do not use an answer more than once.
These are the accounting assumption:
Expense recognition principle: Charges are allocated to revenues at the appropriate time.Measurement principle: Changes in fair value that occur after purchase are not reported in the accounting.Full disclosure principle: Requires the reporting of all important financial information.Going concern assumption: Justification for not reporting plant assets at their liquidation value.Economic entity assumption: Recommends that personal and professional records be kept separate.Periodicity assumption: Divides financial data into time periods for reporting reasons.Monetary unit assumption: reported using the dollar as the "measuring stick," according to the monetary unit assumption.Accounting assumptions are a set of guidelines that guarantee an organization's business operations are carried out effectively and in accordance with the standards established by the FASB (Financial Accounting Standards Board), laying the foundation for reliable, consistent, and valuable financial reporting.
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True or false: a ledger provides a chronological record of all transactions affecting the firm.
This is false. A ledger does not provides a chronological record of all transactions affecting the firm.
What is a ledger?This is the term that is used to refer to the book that is used as a collection of accounting activities that are financial in nature.
The financial accounts that are recorded in the ledger are usually recorded as the debit transactions or they are recorded as the debit as the debit transaction.
Hence we can say that This is false. A ledger does not provides a chronological record of all transactions affecting the firm.
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While developing a quality business idea, what should potential business founders ideally do after evaluating their personal skill sets?
The potential business founders should ideally do after generally and actually evaluating their personal skill sets Carefully analyze the market and look for a gap.
What is an Business Idea?A business idea is an idea that can be utilized for monetary profit that is generally fixated on an item or administration that can be presented for cash.
An idea is the main achievement during the time spent building an effective business. A business idea is frequently connected to maker necessities to distinguish the business' offer to send off to showcase and lay out upper hand. A business idea is the primary flash of Business.
For businesses, this could mean: making novel ideas, new item advancement through innovative work, or working on existing administrations. Development can be the focal point of a business and this can assist them with developing and become a market chief in the event that they execute their ideas appropriately. Businesses that are centered around advancement are normally more proficient, financially savvy, and useful.
Therefore Effective development ought to be incorporated into the business system, where you can make a culture of development and drive forward innovative critical thinking.
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When is a residential sale exempted from the property condition disclosure requirement?
If the property is brand-new or its value is less than 5% of the value of the property being sold, no disclosure is required.
Let's say the land is a 200-acre ranch. There is a small hut on the property that adds very little value despite being on outstanding real estate. No disclosure is necessary if the value of that structure is less than 5% of the total value of the real estate being sold.
Disclosures for Residential Property TransfersThe California Civil Code's significant disclosures are covered in this section (commencing at Section 1102). These rules apply to the sale, exchange, installment land sale contract, ground lease paired with improvements, lease with an option to purchase, or any other option to purchase of real property of one to four dwelling units, subject to the exclusions set out below.
The terms "seller" and "buyer" or "purchaser" refer to the transferor and transferee, respectively, in this discussion. The term "transaction" refers to the sale or transfer of the property.
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When radian6 listens to consumer conversations about which brands they like the best or the ones with which they have emotional connections, this demonstrates ________________ referral.
Affect referral can be seen when radiant listens to consumer conversations about which brands they like the best or the ones with which they have emotional connections .
What does Affect Referral mean ?
Through affect reference, consumers frequently select products purely based on their memories of their previous feelings towards such companies, skipping the requirement to analyze and evaluate their choices. Affect referral is usually thought of as a choice strategy that minimizes effort, which makes it only occasionally occur when recalled affect solely guides behavior. This argument, on the other hand, focuses on the idea that affect referral is the pattern instead of the exception. Relating to an affect indicates the logical human system that regulates how internal information is utilized in decision-making situations involving brands that are stored in memory.
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True or false: organizations that exhibit a high ethical culture discourage employees from acting with integrity and adhering to business value
It is a false statement that an organizations that exhibit a high ethical culture discourage employees from acting with integrity and adhering to business value.
What is an ethical culture?It means the set of experiences and expectations of managers and employees about how their organization encourages them to behave ethically or unethically.
The importance of ethical culture is to influences the moral judgment of employees and stakeholders; and this create a strong ethical culture that motivate everyone to speak and act with honesty and integrity.
Therefore, it is a false statement that an organizations that exhibit a high ethical culture discourage employees from acting with integrity and adhering to business value.
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What is an example of external communication?
a. employee attitude survey
b. press release
c. company suggestion box
d. email to new employees
Example for External Communication is option D email to new employees
Example of External Communication
Example - Dear [Name of Employee], We are all very happy to have you join our team! Your start date is [date], as previously discussed, and our dress code is [casual/business casual]. We anticipate you to arrive at our offices by [time].
Formal and informal corporate communication are the two broad categories of external communication: Formal external business communication is the first component in creating the right corporate image, according to this theory. This covers many formal memos, letters, reports, and presentations. The primary goal of external communication in business is to inform a business's external environment about its efforts and the caliber of its goods and services.
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Officers who are responsible for supervising prison inmates in housing areas are called _____.
Correctional Officers (COs) are in charge of keeping an eye on those who have been found guilty of a crime and ordered to serve time in a penal institution.
A prison officer, also known as a corrections officer, is a uniformed member of law enforcement who is in charge of maintaining the safety, custody, and discipline of prisoners. They are in charge of the care, custody, and supervision of those who have been found guilty of a crime and given prison sentences. Along with other law enforcement duties, they are in charge of the facility's and its property's protection. Although some are employed by private organizations that provide jail services to the government, the majority of prison officers or corrections officers are employed by the government of the jurisdiction in which they work.
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The billion-dollar mergers and takeovers that swept the mass media since the 1990s were possible because of:_______
The billion-dollar mergers and takeovers that swept the mass media since the 1990s were possible because of deregulation.
What is mass media?
Mass media, to put it simply, is any technology used to communicate with or reach a large audience. The main channel for the general population to communicate with one another and on a larger scale is the mass media. Newspapers, radio, television, the internet, magazines, and more are among the most widely used forms of mass communication.
Deregulation made possible the multibillion dollar acquisitions and mergers that swept the media in the 1990s possible.
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Money management
activities necessary to manage current ___?____
economic resources while working toward long-term
financial security.
refers to the daily financial
Money management activities necessary to manage current personal economic resources while working toward long-term financial security.
option c is the correct answer
What is money management?The term Money management refers to the methods of saving, planning spending, investing, and all other activities that deals with the use of money for personal use or organizational use.
Money management helps in growing wealth and regulating the use of money. This is an important scheme in business and should be done with care. Money management helps to make a clear goal of the intended use of money and clears certain areas that is not worth spending on.
The information gathered so far has helped us see that money management is necessary to manage current personal economic resources while working toward long-term financial security. Hence the other options which are required and inflated are not relevant to the topic being discussed.
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Find the company with the smallest number of employees. [note: the query should return the name of the company which has the smallest number of employees.]
According To the Question,
This is Relational Algebra, all part solutions are given below
To answer the question part B) the Company with Smallest number of employees is as follows
B) t1 = t2 company-nameGcount-distinct person-name (works)
minimum - employees = company-strength (company - name, num-employees ) ( t2 )Business name (t3 (company name, number of workers) (t1) t4 (number of employeesA) Each response will contain Union Pacific.
"Union Pacific" is the firm's name (company), "company-name" is the city, andC) t1 employer-nameGsum wage (works)
maxpayroll('company-payroll') = t2 (company-name,payroll)Employer-name(t3(payroll)(t1) Employer-name(t4(payrollD) company-nameGav average salary (works)
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Correct Question - Write RA, Relational Algebra, query for each of the following.
(Be sure to solve using Relational Algebra)
Employee ( person_name, street, city)
Works (person_name, company_name, salary)
(a) Assume the companies may be located in several cities. Find all companies located in every city in which Union Pacific (UP) is located.
(b) Find the company with the smallest number of employees. [Note: The query should return the name of the company which has the smallest number of employees.]
(c) Find the company with the largest payroll. [Note: Payroll is the sum of salaries for all employees. The query should return the name of the company which has the largest payroll.]
(d) Find those companies whose employees earn a higher salary, on average, than the average salary at First Bank Corporation.
When an adjusting entry is made to record depreciation expense, the effect on the balance sheet is to?
A journal entry used to indicate depreciation expense is called an adjusting entry. It is prepared at the end of a period to reflect the expense on the income statement and the decline in the fixed asset's value on the balance sheet.
What is balance sheet?A balance sheet, also referred to as a statement of financial position or a statement of financial condition in financial accounting, is an overview of the financial standing of an individual or organization, including a sole proprietorship, a business partnership, a corporation, a private limited company, or other entities like the government or not-for-profit organizations. The ownership equity, liabilities, and assets as of a specific date, like the end of its fiscal year, are listed. A balance sheet is frequently described as a "picture of a company's financial position."
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The increasingly interconnected nature of the world economy is referred to as _______. multiple choice question.
The term "globalization" refers to the expanding interconnectedness and dependence of global economies and cultures.
Describe globalization.
Connections between people in other nations facilitated by trade, commerce, technology, and transportation are an example of globalization.
The world is now more interconnected than ever because to centuries of technological development and improvements in international cooperation. However, to what extent have American businesses, workers, and consumers benefited or suffered as a result of the expansion of trade and the modern global economy? Based on recent studies, the following is a general overview of the economic aspect of this vast and hotly discussed subject.
Globalization is the term used to characterize the increasing interdependence of the world's economies, cultures, and inhabitants as a result of cross-border commerce in commodities and services, technology, and investment flows
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The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them are referred to as:_____.
The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them are referred to as Contractual agreement.
What is Quasi-contract terms?
When there is a dispute between the parties and there was no initial agreement between them, the court may construct an out-of-order contract. This contract has the obligation to prevent one party from unfairly benefiting at the expense of the other parties. This circumstance is known as a quasi-contract.A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract.A court enacts it to address a situation where one party gains something at the expense of the other.A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract. A court enacts it to address a situation where one party gains something at the expense of the other.To know more about Quasi-contract visit:
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The contribution approach to constructing income statements distinguishes between ______ costs.
The contribution approach to constructing income statements distinguishes between fixed and variable costs.
What is fixed and variable cost?Fixed cost can be defined as those cost that are constant and does not change or varies.
On the other hand variable cost is the opposite of fixed cost and can be defined as those cost that change or those cost that are not constant.
Some of the formula for contribution approach are:
Contribution Margin = Fixed Costs + Net Income
Contribution Margin Ratio = (Net Sales Revenue -Variable Costs ) / (Sales Revenue)
Therefore the contribution approach to constructing income statements distinguishes between fixed and variable costs.
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Suppose there is an early freeze in california that reduces the size of the lemon crop. What happens to consumer surplus in the market for lemons?.
If there is an early freeze in California that decreases the size of the lemon crop. The consumer surplus in the market will decrease.
Consumer advantages from the market competition are measured economically as consumer surplus. When customers pay less for a good or service than they are willing to pay, this is known as a consumer surplus.
It is determined by calculating the equilibrium price, which is the gap between what consumers are willing to pay and what they actually pay for a commodity.
For instance, suppose you paid $100 for an airplane ticket to Disney World during the school holiday week, while anticipating and being prepared to spend $300 for one. Your consumer surplus is $200.
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(8446) what is the means by which the faa notifies aircraft owners and other interested persons of unsafe conditions and prescribes the condition under which the product may continue to be operated?
Air Worthiness Directives is the FAA notifies aircraft owners and other interested persons of unsafe conditions and prescribes the condition under which the product may continue to be operated.
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When a company's business strategy and technology strategy are intertwined, this situation is known as _______.
When a company's business strategy and technology strategy are intertwined, this situation is known as convergence .
What is Convergence ?
Convergence is the inverse of divergence. It is used to explain the phenomena of the underlying commodity's futures and cash prices growing closer together over time. Most traders use the term convergence to describe the price motion of a futures contract.
In theory, convergence occurs because an efficient market will not permit something to trade for two prices at the same time. Because traders must consider the security's time value, the actual market value of a futures contract is lower than the contract price at issue. As the contract's expiration date approaches, the premium on the time value decreases, and the two values converge.
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Because we are almost always unable to obtain all of the market information we want, we rely on numbers for much of our financial information. True or false?.
Because we are almost always unable to obtain all of the market information we want, we rely on numbers for much of our financial information, is the true statement.
What is meant by market information?All data pertaining to the marketing of any products or services, such as customer names and lists, sales targets, sales figures, market share statistics, marketing surveys and reports, marketing research, and any advertising or other promotional materials, are referred to as “marketing information”;
All participants consider a market information service as providing "transparency," or full awareness of the current market pricing and other important information.
Thus, the statement is true.
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Which of the following is an example of how high student loan debt can
impact a person's life decisions?
A person may choose to buy a car instead of leasing since they can afford a
large down payment.
High student loan debt can be used as collateral and improve a person's
chance at buying a house.
O High student loan debt can make it easier to borrow more and continue
studies in graduate school.
A person may choose to rent instead of buying a home since they can't afford a
down payment.
Explain ONE reason why it’s important to include financial information in a business plan
Answer:
It is important to include financial information to assist with decision making.
If+sales+are+$806,000,+variable+costs+are+62%+of+sales,+and+operating+income+is+$247,000,+what+is+the+contribution+margin+ratio?
The Contribution Margin Ratio Will be 38% .The difference between a company's revenues and variable costs, stated as a percentage, is known as the contribution margin ratio.
The difference between a company's revenues and variable expenses, represented as a percentage, is the contribution margin ratio. The amount of money available to pay fixed expenses is shown by this ratio.Formula for the Contribution Margin Ratio
A company's contribution margin ratio (CM ratio) is determined by dividing revenue by revenue less all variable costs. It stands for the small gain from manufacturing an extra unit.to learn more about contribution margin ratio click the links
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Marketing is an activity that creates value for customers, clients, partners, and society at large. a firm does this by?
A consumer economy is driven by marketing, which influences marketing choices. By enabling businesses to supply the essential services and goods while also creating jobs that enable more people to buy more goods and services, it establishes a sustainable cycle.
The benefit of marketing for your company is that it engages consumers and helps them decide whether to purchase your goods or services. Additionally, your business plan's marketing strategy contributes to the creation and maintenance of demand, relevance, reputation, competition, etc.
One of the key reasons market value is significant is because it offers a clear technique for figuring out how much an asset is worth, eliminating any ambiguity or confusion. Customers and sellers frequently view a product's value differently in the marketplace.
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When a product's demand varies directly with money income, it is considered a(n) ______ good.
When a product's demand varies directly with money income, it is considered a superior good.
What is the demand?Demand can be defined as the fact that the customers would make the demand or ask for the product or service and pay for the same. It depends upon the need and want of the people.
A product is a superior good or that good health a considered as the best quality of food the product demand there is direct with the money or the income as the people are ready to pay the amount.
A commodity with income levels higher than 1, is the one that increases in consumption as wealth does for a person.
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If revenues equal $100,000 and expenses equal $120,000, then net income (loss) must equal ______.
Based on the revenues and the expenses, the net loss to the company will be -$20,000.
What is the net loss?The net income (loss) is found by the formula:
= Revenues - Expenses
In this case, the revenues are less than the expenses so this will be a net loss.
This net loss is found as:
= 100,000 - 120,000
= -$20,000
In conclusion, the net loss is -$20,000.
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If a central bank wants to counter the change in the price level caused by an adverse supply shock, it could change the money supply to shift?
Aggregate demand left.
What Is a Supply Shock?A supply shock is an unanticipated occurrence that abruptly alters the supply of a good or commodity, causing an unanticipated shift in price. Supply shocks can be positive, resulting in an increased supply, or negative, resulting in a lower supply; however, they are frequently negative. A negative (or adverse) supply shock drives up the price of a product, whereas a positive supply shock drives it down, assuming that overall demand remains constant.
A shift in the supply curve to the right caused by an increase in output and a positive supply shock lowers prices, whereas a reduction in production and a negative supply shock raises prices. Any unforeseen event that reduces output or upsets the supply chain has the potential to cause supply shocks.
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Henry fayol identified five functions of management: planning, organizing, commanding, coordinating, and controlling. these are similar to the traditional four functions of management:__________
Henry fayol identified five functions of management: planning, organizing, commanding, coordinating, and controlling. these are similar to the traditional four functions of management: Planning, organizing, leading and controlling.
Planning, organizing, leading and controlling
Planning, organizing, leading and controlling are important function of management as they are vital for companies or organization that want to run their organization smoothly.
Planning enables companies to plan on how to achieve their set goals and objective.
Therefore Planning, organizing, leading and controlling are similar to the traditional four functions of management
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In 1903, for the first time in u.s. history, congress passed a law declaring that a person holding a specific political viewpoint could be banned from entering the nation. these were the:____
In 1903, the congress passed a law declaring that a person holding a specific political viewpoint could be banned from entering the nation, these were the anarchists.
Who are the anarchists?These are group of people that holds the theory that is skeptical of the justification of authority and power, they pursues that cluster of doctrines and attitudes centered on the belief that government is both harmful and unnecessary.
The first person to be call an anarchist was the French writer called Pierre-Joseph Proudhon. In his study, he argued that the real laws of society have nothing to do with authority but rather stem from the nature of society itself and he foresaw the eventual dissolution of authority and the emergence of a natural social order.
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One rationale for establishing a price skimming objective is that ________ lends status to a product or brand by virtue of a price relatively higher than the competition.
One rationale for establishing a price skimming objective is that Prestige Pricing lends status to a product or brand by virtue of a price relatively higher than the competition.
Skimming pricing involves setting the expensive price that customers really desiring the product are willing to pay when launching a new product.
Who uses skimming pricing?
Price skimming examples are mostly experienced among tech giants, like Apple, Samsung, Sony, and other companies that discover new technologies that they know are higher in demand
What is meant by skimming price?
a pricing approach in which the manufacturer sets a high launching price to attract buyers with a crave for the product and the resources to buy it, and then gradually decreases the price to attract the next and afterward layers of the market.
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Keith, age 12, has $10,000 in unearned income and $20,000 in earned income in 2021. how much will be taxed at the parent's rate?
For 2021:
$10,000 unearned
$20 000 in earnings
Total $30,000
fewer SD $(12,550)\s$17,450
$7,800 at the parent's rate ($10,000 - $2,200)
The Kiddie Tax is what?
Prior to the Kiddie Tax, parents may reduce their tax liability by putting investments in their children's names. When parents give their kids stocks and other assets, the income generated by those assets is taxed at the lower income tax rate of the child rather than the higher income tax rate of the parent. By applying a higher rate of tax to children's passive income, the Kiddie Tax addressed this loophole.
The Kiddie Tax's past
Dependent children under the age of 19 or full-time students between the ages of 19 and 23 are subject to the Kiddie Tax.
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