Higher resource prices raise production costs and, assuming a fixed product price, reduce profit.
What is the explanation to the above phenomenon?When resource inputs are overtly expensive it is logical to expect that these will translate into higher costs. Where costs can be shifted to the end-user, the company remains in a state of operational efficiency.
In a very price elastic market however, the company is faced with a huge challenge as it must absorb such costs or face the consequences of increasing it's prices.
When input costs are high, technology may be explored as a solution to reduce costs and increase efficiency in the long run.
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Suppose you have $12,000 in the bank and plan to spend $10,000 to buy a car. one opportunity cost of buying the car would be:_________
Consider that you have $12,000 in savings and intend to spend $10,000 on an automobile. The interest you cannot earn on your $10,000 would be the one opportunity cost of purchasing the car.
Define opportunity cost.The benefit that was lost because a particular alternative wasn't selected is known as the opportunity cost.It is critical to weigh the advantages and disadvantages of each choice in order to determine opportunity costs effectively.Opportunity cost is an entirely internal expenditure that is only taken into account for strategic purposes; it is not accounted for in accounting profit and is not disclosed to outside parties.Examples of opportunity costs include deciding not to modernize equipment, choosing the most expensive product packaging over less expensive options, or deciding to develop a new manufacturing facility in Los Angeles rather than Mexico City.To know more about opportunity cost visit:
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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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Because common shareholders are entitled to the profits that remain after all of a corporation's other obligations have been met, common shareholders are known as:________
Because common shareholders are entitled to the profits that remain after all of a corporation's other obligations have been met, common shareholders are known as Residual owners.
What does Shareholders means?A shareholder (in the US frequently alluded to as investor) of a company is an individual or legitimate substance.
A body politic, a trust or organization) that is enlisted by the partnership as the lawful proprietor of portions of the offer capital of a public or confidential partnership. The impact of a shareholder on the not entirely set in stone by the shareholding rate claimed. Shareholders of a company are legitimately isolated from the actual enterprise.
They are for the most part not at risk for the organization's obligations, and the shareholders' responsibility for organization obligations is supposed to be restricted to the neglected offer cost except if a shareholder has offered ensures. The company isn't expected to record the helpful responsibility for shareholding, just the proprietor as recorded on the register.
Therefore Shareholders might have procured their portions in the essential market by buying into the Initial public offerings.
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Savings by _____ in small dollar amounts is the origin of much of the money that funds business loans in an economy
Savings by Household in small dollar amounts is the origin of much of the money that funds business loans in an economy.
What is loan budget a business?Business financing is a funding opportunity for business owners to access company loans to be able to pay for things like temporary cash flow interruptions, development schemes, inventory and equipment, and seasonal points in activity.
What is a good excuse for a business loan?
Probably the most obvious reason to think a small business loan is to invest in an increase opportunity for your business. When business is booming, continuing to grow your company can help ensure that your profits don't table or shrink.
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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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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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(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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This federal agency presided over all elements of war production from the distribution of raw materials to the prices of manufactured goods.
This federal agency oversaw all aspects of military manufacturing, including the supply of raw materials and the costs of finished items are known as War Industries Board
Federal agencies are specialized government entities created for a particular function, such as resource management, industry financial regulation, or matters of national security.
Between July 1917 and December 1918, the War Industries Board (WIB) was in place to organize and direct American manufacturing by establishing priorities, determining prices, and standardizing goods to aid the country's and its allies' military endeavors. US government organization called the War Industries Board (WIB) was basically established to oversee the procurement of military goods.
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The difference between the price the firm sells a good for and the price the firm paid other firms for intermediate goods is called?
The difference between the price the firm sells a good for and the price the firm pays other firms for intermediate goods is called value added.
What are intermediate goods?Products used as inputs in the creation of other goods, including final goods, are referred to as intermediate goods, producer goods, or semi-finished products. A company can produce intermediate items, sell them, or purchase them to utilize later. Intermediate items are used in the production process and either ends up in the finished product or undergo significant transformation. This means that between industries, intermediary commodities are resold. Since only the final product should be counted and the value of the intermediary good is included in the value of the final good, intermediate goods are not included in a country's GDP calculation.
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If a 4 percent increase in the price of a good leads to a 1 percent decrease in the quantity demanded, the price elasticity of demand for the good equals ________.
The price elasticity of demand for the good is found to be 0.25.
Given here the price of goods changes by 4% and change in quantity demand by 1%
Price elasticity of demand can be calculated by the formula,
Price elasticity of demand = change in quantity demand / change in price of goods.
Price elasticity = ¼
=0.25
Thus the price elasticity of demand for the goods is found to be 0.25.
The price elasticity of demand measures how responsive a quantity’s demand is to a given price. For practically any good, quantity desired decreases as the price rises, however it decreases more for some goods than for others. Since the change in demand is essentially the same whether prices rise or fall, price inelasticity gives businesses more pricing flexibility.
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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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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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Which level of structural organization is considered to be the highest (most complex) level?
Organism is level of structural organization is considered to be the highest (most complex) level.
What is organismal level?The Organismal level can be described as the most complex level of organization which can be explained as the organismal level, an in this level all the eleven organ systems function in the human organism.
It can be considered as a complex level with full developed structure in the whole living person, hence Organism is level of structural organization is considered to be the highest (most complex) level.
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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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How much would you have to invest today at 4.5ompounded annually to have $32,425 available for the purchase of a car at the end of five years from now?
You have to invest today $26,019.48 at 4.5ompounded annually to have $32,425 available for the purchase of a car at the end of five years from now.
It is calculated as follows:
The formula for calculating present value is:
PV = FV(1 + r)^-n
where:
FV = Future value = 32425
P = Present value
R = interest rate = 4.5
N = number of years = 5 years
$32,425(1.045)^-5 = $26,019.48
Present value or PV is the current value of a future sum of money or any stream of cash flows giving a specified rate of return.
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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 net amount of property, plant, and equipment reported in the balance sheet generally is equal to:_________
The net quantity of property, plant, and equipment suggested in the balance sheet normally is equal to capital expenditures.
A capital expenditure is cash invested via a agency to gather or upgrade fixed, physical, non-consumable assets, such as a building, a computer or a new business.
What are capital expenditures examples?Also acknowledged as capital expenses, capital bills include the buy of objects such as new equipment, machinery, land, plant, buildings or warehouses, furnishings and fixtures, business vehicles, software, or intangible belongings such as a patent or license.
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https://brainly.com/question/21976414#SPJ4The 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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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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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.
The equation used to determine the approximate real interest rate is?
The equation that is used for the purpose of determining the approximate real interest rate is calculated by the difference between the actual interest rate less the rate of inflation in an economy.
What is the significance of real interest rate?The real interest rate can be referred to or considered as an adjusted rate of interest, which is computed by comparing the difference of nominal interest against the inflation status in an economy during a given period of time. It is written in the form of equation as,
Real Interest Rate ≅ Actual Rate of Interest – Rate of Inflation
Therefore, the significance regarding real interest rate has been aforementioned.
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The management function of specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals is called _______.
The management function of specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals is called planning.
What are SMART Goals?Every sector of business and life uses goals because they give us a sense of direction, drive, clarity, and importance. You give yourself an objective to shoot for by making goals. Setting goals is made easier by using a SMART goal. The letters SMART stand for specific, measurable, attainable, realistic, and timely. In order to help you focus your efforts and improve your chances of success, a SMART goal contains all of these elements.
Smart objectives include:Specific: Clearly defined, unambiguous, and well-articulated.
Measurable: With clear criteria that track your progress toward achieving the goal.
Achievable: Obtainable and not insurmountable.
Realistic: Within your reach, practical, and pertinent to your life's work.
Timely: Having a timeline with a start date and an end date that is clearly specified. Urgency is intended to be created.
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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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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.
The ____ area of project management knowledge refers to the application to which project management is applied.
The application area of project management knowledge refers to the application to which project management is applied.
What is management?Management is the process of organizing a company's resources and actions in order to accomplish certain goals as effectively and efficiently as feasible. The successful fulfillment of duties with the least amount of expense is referred to as efficiency in management. The accomplishment of tasks within predetermined deadlines to produce quantifiable results is a key component of managerial effectiveness.
All parties who have a stake in the company, such as the government, consumers, and employees, should be taken into account by management. Setting and achieving goals for the organization is the responsibility of managers. Utilizing its human, material, and financial resources, an organization's main goal is typically to grow.
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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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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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How can a country achieve higher levels of competition and a variety of products in an industry with only one or two domestic firms producing a good?
Through promoting intra-industry trade, a country can increase levels of competition and the range of products produced in an industry with only one or two local enterprises producing a good. International trade for goods produced by the same business is known as intra-industry trade.
According to the idea of economies of scale, production costs often decrease as output scale increases. When it makes it possible for one or two large producers to supply the entire country, it becomes particularly important to international trade. A way to maintain consumer choice and competition while combining economies of scale-driven lower average manufacturing costs is through international trade.
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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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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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