The ability to forecast cause and effect is crucial for a solid economic model since it enables it to both explain past events and foresee potential future ones.
A model of the economy's importance
Its main goal is to describe and examine the prices and volume sold in a market that is competitive. In relation to price and other factors, the equations of the model define the level of supply and demand (for example, income).
What conclusions do economic models draw?
A simplified representation of reality, an economic model enables us to observe, comprehend, and forecast economic phenomena. A model's goal is to simplify a complex, real-world scenario so that only the most important elements remain.
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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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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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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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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 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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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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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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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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Which command shows you detailed information about replication status, including information on each partition?
You may see the replication status by running the repadmin /showrepl command. The command repadmin /replsummary should help if you want a summary of the overall replication health.
You can learn about the replication topology and replication failures by using the repadmin /showrepl command. Each source domain controller from which the destination has an inbound connection object is reported on in terms of its status. Directory partitions are used to categorize the status report.
You can view the replication status for the current DC by using the command Repadmin /Showrepl. The most recent attempt to duplicate Active Directory partitions is shown. Run this command for any domain controller you suspect is not receiving replication updates.
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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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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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An enhancing qualitative characteristic of accounting information that allows users to better understand similarities and differences in the financial reports across different companies is called:_______
We can actually deduce here that an enhancing qualitative characteristic of accounting information that allows users to better understand similarities and differences in the financial reports across different companies is called: Comparability.
What is accounting?Accounting is actually known to be the measurement and processing that is carried out on financial and non-financial information of economic entities.
Businesses and corporations are known to carry out accounting activities. It helps them ascertain their financial strength and progress.
The above answer is actually comparability. Comparability in accounting is an enhancing qualitative characteristic of accounting information that allows users to better understand similarities and differences in the financial reports across different companies.
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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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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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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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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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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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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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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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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
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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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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New market segments emerge as _________ demand changes.
a) the quantity of
b) the curve of
c) the variation in
d) the quality of
The correct option is (c) the variation in
New market segments emerge as the variation in demand changes.
How does the market segment work?A market segment is a collection of clients with similar tastes in an otherwise homogenous market. These clients could be made up of individuals, families, businesses, organizations, or a mix of different types.
A market segment is a collection of individuals who exhibit one or more common traits.Companies and marketing departments build target markets for their goods and services using a variety of factors.Homogeneity among the segment's primary needs, uniqueness, and a shared response to marketing strategies are requirements for a market segment.Market segments' responses to marketing plans or strategies are frequently quite predictable.Interests, lifestyle, age, and gender are typical market segment characteristics.To know more about market segments, visit:
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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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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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A company sent a trained observer to watch and interact with consumers in their natural environments in order to gain deeper insights on consumer needs. this is an example of ________.
A company sent a trained observer to watch and interact with consumers in their natural environments in order to gain deeper insights into consumer needs. this is an example of ethnographic research. Thus the correct option is C.
What is Consumer?A consumer is referred to as an end user of any product. He is the person who utilized or consumes the goods. For example, when parents purchase baby food, they will be considered customers, not consumers the consumer is a kid.
Ethnographic research involves the investigation of the behavior and thinking patterns of an individual in society while making a purchase. In this case, a trained observer was sent to gain deeper insights into consumer needs and reflect on the features of the research.
Therefore, option C is appropriate.
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The incomplete question is
A company sent a trained observer to watch and interact with consumers in their natural environments in order to gain deeper insights on consumer needs. This is an example of ________.
a) viral marketing
b) survey research
c) ethnographic research
d) experimental research
e) niche marketing
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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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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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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