the fact that there are only two goods produced in this theoretical economy, when, in reality, economies produce many more types of goods, means this model is generally useless.
This statement is false.
Scientists generally make assumptions in their models to simplify the complex world which they are trying to describe. Making these simplifying assumptions allows the scientists to focus on the most important components of the topic of study.
Economists also make simplifying assumptions in all the economic models in order to focus on the most important economic variables in a any given situation.
In this case, although much of the practical application of the production possibilities frontier model is lost when only two goods are allowed.
This simple PPF model can also be used to model important economic concepts, such as the opportunity cost, efficiency, feasibility, and technological change.
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A ______ driven project portfolio system can reduce or eliminate the impact of problems in project implementation.
A priority driven project portfolio system can go a long way to reduce, or even eliminate, the impact of these problems.
What is the significance of project management?Project management refers to the process of using specific knowledge, skills, tools and techniques to deliver something of value to people.
Project management is the application of processes, skills, methods, knowledge and experience in such a deliberate way to achieve specific project objectives.
Basically, project management works according to the project acceptance criteria within agreed parameters.
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A developer has approvals to start construction on a subdivision with 19 lots. what type of exemption means he probably won't have to provide disclosure reports to the government or buyers?
A full statutory exemption means he probably won't have to provide disclosure reports to the government or buyers.
laws and rules governing leadSeveral laws pertaining to lead have been passed by Congress. These regulations cover lead in air, water, paint, dust, and soil, as well as lead waste disposal. In accordance with these rules, EPA is addressing lead contamination and the problems it causes in a variety of ways, including by developing and implementing regulations. In order to assist the regulated community in complying with the regulations, EPA also provides policy and guidance publications.
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Social security and medicare are examples of:____.
a. free market functions.
b. market failures.
c. governmental interventions.
d. capitalism.
Answer:
c. governmental interventions
When we consider the effects of taxes and subsidies on the market for goods, services, and resources, we evaluate how taxes and subsidies affect:_____.
We examine how taxes and subsidies impact Producers when we look at how they affect the market for goods, services, and resources.
Market structures and the effects of taxes and subsidies
Government action in the market to affect supply and demand and improve efficiency is known as government intervention.
Indirect taxes are placed on either consumers or producers and are assessed on the use of products and services.
Companies' manufacturing costs decrease as a result of the government providing them with free money or exempting them from paying taxes. As a result, they will be able to offer their items at lower prices to customers.
Indirect taxes have an impact on how businesses operate in the market as manufacturing costs rise.
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Firms must provide the right incentives if they are to get __________ to focus on long-run value maximization.
Firms must provide the right incentives if they are to get managers to focus on long-run value maximization.
Conflicts arise between managers and debtholders as well as between managers' clients, the shareholders, and those clients. Maximizing shareholder wealth may clash with managers' personal objectives.A manager is someone who is in charge of monitoring and inspiring workers as well as guiding the development of a company. The person in charge of customer service, who resolves client complaints, and who watches over and manages customer service representatives is an example of a manager.
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The less we know about a market or subject, the more likely it is that a researcher should use? a. causal research. b. descriptive research. c. exploratory research. d. formal research.
Exploratory research should be used when a researcher has little knowledge about a subject or market. The correct option is c i.e. Exploratory Research.
To gain deep insight about a market or subject, exploratory research is a very first step of a research. Exploratory research allows researchers to investigate a market or subject that is not yet clearly defined and understood. That is why exploratory research is the best suited as the very first step of a whole research plan. As it provides the researcher with a deeper understanding of the market or subject.
Exploratory research answers questions like “what”, “how”, “where”. Exploratory research is used to define issues, alternative methods of action, possible areas for growth, and prioritize areas that need statistical research.
Other options are not correct because:
Casual research: It measures a cause-effect relationship between two or more variables and is used to determine the impact of changes in existing processes of organizations. Descriptive research: It helps firms to direct decisions and monitor progress. It consists of close-ended questions and quantitative by nature. Formal research: It allows companies to use scientific methods and processes to perform research to get unbiased results.You can learn more about exploratory research at
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What is the most important thing that a venture capitalist is looking for in a company to invest in? discuss your response.
Simply said, management is by far the most crucial aspect for astute investors. VCs invest mostly in the management team's capacity to carry out the company plan. You need a solid understanding of your market, a tested business plan, and a well-thought-out strategy for approaching venture investors if you want to distinguish out from other businesses.
In addition to this, VCs value intellectual honesty and self-awareness in founders. He has discovered from his experience as an investor that "those who are very introspective, recognize their strengths and flaws" have a higher likelihood of founding and eventually developing a successful firm.
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______ decisions affect how the firm is run from day to day; they are the domain of operations managers, who are the closest to the customer.
Operational decisions affect how the firm is run from day to day; they are the domain of operations managers, who are the closest to the customer. Hence, the correct answer is operational decisions.
What is an operational decision?Operational decisions are those decisions that are adjusted on several occasions as situation demands in correspondence to the current external and internal conditions, which usually have impacts for no longer than a year or even a day.
Therefore, the correct answer is as given above
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How can a company salespeople help with product development?
HELP!!!!!!!!!!!! HURRY PLEASE!!!!!!
A- They can create a prototype
B- They do not have a role in product development
C- They can be a source of ideas
D- They can sell new products
Answer:
C- They can be a source of ideas.
The assigns punishments to companies whose employees are involved in forms of workplace deviance. True or false?.
The U.S Sentencing Commission assigns punishments to companies whose employees are involved in Serious forms of workplace deviance.
What are workplace deviance?In group psychology, workplace deviance is defined as the conscious (or purposeful) desire to hurt an organization, more especially a workplace. In the area of organizational communication, the idea has grown to be crucial. The phrase "voluntary conduct that breaches established standards and, in doing so, harms the organization's well-being" is more accurate. People frequently form psychological contracts with their firms, and as a result, employees frequently develop a set of expectations about their job. The employee may "perceive a psychological contract violation by their employers" when expectations are not met.
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As long as you receive the same amount, is a sum of money worth the same today and one year later?
As long as you receive the same amount, is a sum of money worth the same today and one year later the time value of money.
What is value of money?
The demand for money, like the value of commodities and services, determines the value of money. What people are willing to exchange for it and how much there is of it both serve as indicators of a currency's value. If you can earn 10% interest, for instance, $100 today is worth $110 after a year. So, a $100 payment made today is equal to a $110 payment made over a year. The $10 in interest that $100 could earn during that time period is its time value.
therefore,
As long as you receive the same amount, is a sum of money worth the same today and one year later the time value of money.
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Characteristics of a functional financial market include being of sufficient size, liquidity, and _____. (Select all that apply.)
A healthy financial market has the following characteristics: enough size, liquidity, operational effectiveness, safety, and transparency.
How Do Financial Markets Work?Financial markets, which include the stock market, bond market, currency market, and derivatives market, among others, are any marketplace where trading in securities takes place. For capitalist economies to run smoothly, financial markets are essential.
What Kinds of Financial Markets Are There?
The stock market, bond market, foreign exchange market, commodities market, and real estate market are a few examples of financial markets and their functions. Financial markets can also be divided into listed vs. OTC markets, primary vs. secondary markets, capital markets, money markets, and listed vs. money markets.
How Do the Financial Markets Function?
All financial markets operate primarily by bringing together buyers and sellers of some asset or contract and allowing them to transact with one another, despite encompassing a wide range of asset classes and having a variety of structures and laws. This is often done through an auction or price-discovery method.
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In 2018, country a exported $84.9 billion and imported products valued at $74.69 billion. the difference between the dollar value of its exports and imports represents a:_________
Country A exported goods worth $84.9 billion in 2018 while importing goods worth $74.69 billion. the trade surplus is the difference between its imports and exports in dollars.
An economic indicator of a favorable trade balance is a trade surplus, which occurs when an economy's exports exceed its imports. The trade balance is calculated as Total Value of Exports minus Total Value of Imports. There is a trade surplus when the result of the computation above is positive. The trade balances on a monthly basis are being released by the US Bureau of Economic Analysis. An economy's employment and economic growth can be boosted by a trade surplus, but it can also result in higher prices and interest rates.
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The short-run aggregate supply curve shifts to the right? when production costs rise when production costs fall when exchange rates rise when exchange rates fall
Answer:
In this lesson summary review and remind yourself of the key terms and graphs related to short-run aggregate supply. topics include sticky wage theory and menu cost theory, as well as the causes of short-run aggregate supply shocks.
Project management is a must-have capability for every organization and a personal job skill that will only become more valuable in the years ahead. true/ false
The claim is true. Every organization needs to have the ability to manage projects, and project management is a personal job skill that will only grow in value over time.
In general, project managers who are refining their management techniques need must-have capability and expertise in three distinct areas:
project management that is industry-independentbusiness administration and basic accounting knowledgecomplexities and technicality of the entire management processIt has been said that project management is both an art and a science that will be more valuable in the years ahead. To practice this craft, one must first understand the fundamentals of project management. Industry-specific and versatile project managers are required for success, but project management must be independent of industry.
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A common challenge writers face with adjustment letters is deciding whether or not to issue an _________________ as part of the message.
A common challenge writers face with adjustment letters is deciding whether or not to issue an apology as part of the message.
What is apology?
An apology is an expression of regret or remorse for one's acts, while making an apology is the manner of creating apologies. it is able to be known as announcing sorry in informal settings. The cause of creating an apology is regularly to are seeking forgiveness, reconciliation, and the repair of the connection between the parties to a war.whilst one individual has insulted the opposite, the nature of apologizing includes at least different folks.The attribution principle states that presenting an apology as quickly as viable reduces discussion war of words and improves verbal exchange pleasure. The outcome and the technique of forgiving are impacted by using how the apology is added. as an example, expressing honest remorse in an apology normally helps a quicker decision of conflicts and the eradication of unsightly emotions. there are many ramifications and moral guidelines that organizations and organizations may adhere to while coping with a crisis.To learn more about apology visithttps://brainly.com/question/2236259
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The one thing that unites all economists is their use of? a. organizational design. b. the rational-actor paradigm. c. incentives. d. organizational history.
The correct answer is (b) the rational-actor paradigm.
The rational-actor paradigm is the one concept shared by all economists.
How do paradigms work?The Greek origin of the word indicates a notion of pattern, model, or precedent when trying to define what a paradigm is. In the contemporary world, a worldview or common understanding of reality is central to the definition of a paradigm. A theoretical paradigm is a set of accepted ideas or a frame of reference, whereas a scientific paradigm is a set of filters used by researchers in the planning, analysis, and interpretation of experiments. In a nutshell, a paradigm is a framework of assumptions, concepts, and beliefs that serves as a lens through which to view reality.
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After posting all journal entries to accounts. the sum of accounts with debit balances should equal the sum of accounts with credit balances. True or false
Until all journal entries have been made to accounts. The total of the accounts with debit balances and the total of the accounts with credit balances should be equal. True
What is an entry in a journal?
An accounting record for a business uses a journal entry to document a commercial transaction. The general ledger is where journal entries are often made, however they can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized. The business's financial statements are then produced using the general ledger.
Every business transaction must be recorded in at least two places in order for a journal entry to make sense (known as double entry accounting). When you make a cash sale, for instance, both the revenue account and the cash account are increased. Alternatively, if you purchase items on credit, the inventory account and accounts payable account are both increased.
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The _____ ignores support department interactions and assigns support department costs only to the producing departments.
The direct method ignores support department interactions and assigns support department costs only to the producing departments.
The direct allocation method is a technique for charging the cost of service departments to other parts of a business.
The method is easy to implement, but it ignores the fact that other service departments require services from each other, so it's less accurate.
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Expansion of competitive boundaries which allows customers many choices is called a?
Expansion of competitive boundaries which allows customers many choices is called a: global economy.
What is a global economy?A global economy is also referred to as globalization and it can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace, especially through an expansion of competitive boundaries.
Basically, a global economy makes it possible for various companies to produce goods and services that are being used by consumers across the world.
This ultimately implies that, a global economy leads to economic prosperity for various companies in different countries because it ensures an increase in market efficiency while creating employment opportunities for the people who are seeking employment in that country, as well as the availability of numerous choices to consumers.
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The benefits, costs, and risks associated with doing business in a country are a function of that country’s.
The benefits, costs, and risks associated with doing business in a country are a function of that country's political, economic, and legal systems.
What traits distinguish a command economy?There are only a few typical components of a command economy: a central economic plan, government control over the means of production, and (presumed) social equality. The government assigns physical resources to firms and sets recruiting and production goals for them based on the overall plan. However, the overall strategy might not necessarily be what the public desires. People are also only permitted to own a limited number of personal objects, such as clothing and modest home items. The government typically has control over their source of income, place of employment, and diet (in severe situations). Although the wellbeing of the people is supposedly the government's first priority, it rarely materializes.
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A market ______ growth strategy focuses on increasing sales of the firm's current products to its current target markets. multiple choice question.
A market product growth strategy focuses on increasing sales of the firm's current products to its current target markets.
A product growth strategy increases sales looking all the prospects of the department rather than focus on only one department of the firm. It develops the firms production process in all aspects.
The strategy is made and planned according to the current market conditions to achieve its desired targets and get the maximum profit out of the production process that is taking place in the firm which in turn increase sales of the firm by increasing consumers demand.
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For the last 10 years, megan has made regular semiannual payments of $1,624.13 into an account paying 1.5% interest, compounded semiannually. if, at the end of the 10 year period, megan stops making deposits, transfers the balance to an account paying 2.3% interest compounded monthly, and withdraws a monthly salary for 5 years from the new account, determine the amount that she will receive per month. round to the nearest cent. a. $616.39 b. $615.21 c. $39,079.25 d. $39,154.16 please select the best answer from the choices provided a b c d
At the end of the 10 year period, Megan stops making deposits, transfers the balance to an account paying 2.3% interest compounded monthly, and withdraws a monthly salary for 5 years from the new account, the amount $616.39 she will receive per month.
All you would like is your passport and money for the initial deposit. you will even be asked to point out proof of a German address. they're going to scan it and your account balance will update immediately! Find your nearest PENNY Market or Pam store (Pam supermarkets, Pam superstores, Pam Panorama and Pam local) within the N26 app and take a look at it.
Due to differences within the U.S. Unlike in Europe, where they're provided by MasterCard, N26 uses Visa cards for U.S. customers. A balance transfer allows you to transfer the balance from one mastercard or store card, where you'll be paying interest, to a different mastercard.
For example, moving your debt to a mastercard with a zero percent introductory APR offer in the end semiannual payments transfers is one strategy that might facilitate your reduction or pay off the debt, interest-free for the introductory period.
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What is analysis that focuses on the ways in which processes can be designed to optimize interaction between firms and their customers?.
Product life cycle analysis that focuses on the ways during which processes will be designed to optimize interaction between firms and their customers.
A product life cycle analysis could be a popular tool to use as a part of the strategic analysis step within the general strategic planning process. one in all the parts of the resource audit is "markets". This analysis may be performed in greater detail using the merchandise life cycle. The product life cycle analysis could be a technique accustomed plot the progress of a product through its era. The model may be accustomed assess a personal firm's products (e.g. the iPod Classic), a sort of product (e.g. CRT televisions) or an industry (e.g. movies).
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Underpinning many retributive views of capital punishment is a kantian emphasis on?
He exemplifies Pure retributivism about capital punishment, He claims that a murderer killing someone with an intense offense should be punished till death.
In this Idea of Kant, we came to know that he imposes capital punishment to deliver justice to all the citizens equally.
One who has committed sin must be punished.Murderers should be punished with death.Retributivism's idea is to deliver the same as what he has performed.Its main idea is to provide the baseline equality which doesn't exist in society anymore.Utilitarian Idea of punishment is about that they say, as punishment causes serious health and also due to punishment one suffers therefore punishment is wrong.
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The fasb's conceptual framework classifies gains and losses based on whether they are related to an entity's major ongoing or central operations. these gains or losses may be classified as?
These gains and losses may be described or classified as either operating or nonoperating, depending on their relation to an entity's major ongoing or central operations.
What does Conceptual Framework say about profit and loss?The Exposure Draft proposed that, because profit or loss is the primary source of information about an entity's financial performance for the period, the framework should include a presumption that all income and all expenses will be included in that statement.The FASB's conceptual framework classifies gains and losses based on whether they are related to an entity's major ongoing or central operations.Nonoperating are “other” gains and losses.To learn more about Fasb gain and loss, refer
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When a customer does not understand his or her role in the service delivery process, he or she is contributing to provider:_____.
When a customer does not understand his or her role in the service delivery process, he or she is contributing to provider: Gap 3
What is the Gap 3?Gap 3 : The chasm between service quality requirements and actual service provision
The service members may encounter situations that cause this gap. It could happen as a result of poor training, inability, or reluctance to uphold the required service standards. It could result from ineffective evaluation and compensation systems. This disparity is primarily due to ineffective recruitment.
This gap may be caused by a failure to balance supply and demand. Also lacking are context, perceived control, and empowerment. An illustration would be a restaurant that communicates highly stringent criteria for the food it serves, but the personnel might not receive the right training on how to adhere to those standards.
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What is the price of a coupon bond that has annual coupon payments of $75, a face value of $1000, interest rate of 5%, and a maturity of two years?.
The price of a coupon bond that has annual coupon payments of $75, a face value of $1000, an interest rate of 5%, and a maturity of two years is $1046.49.
In finance and economics, interest is the price from a borrower or deposit-taking economic group to a lender or depositor of a quantity above compensation of the predominant sum, at a particular price. it is distinct from a fee that the borrower may pay the lender or some third birthday celebration.
Interest is defined as the quantity of money paid for the usage of a person else's cash. An example of the hobby is the $20 that changed into earned this yr on your savings account. An instance of interest is the $2000 you paid in interest this 12 months on your own home mortgage.
The payment of the hobby makes up for this inconvenience. 2nd, a borrower may additionally default at the mortgage.
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In the ______________ , the buyer makes very clear and specific requirements, sets dates, contract details, warranty and maintenance details.
In the Order Specification Stage., the buyer makes very clear and specific requirements, sets dates, contract details, warranty and maintenance details.
Order Specification Stage
Order Specification refers to a specification that includes information on the Platform and User allocation, charges, Agreement Cancellation Notice, payment terms, Named Users, Platform Hosting Location, any addenda, and schedules, including those chosen by the Customer.Which five steps make up the corporate purchasing process?The business buying decision-making process consists of five steps: awareness, specification, requests for proposals, evaluation, and ordering.To Learn more about Order specification, Click the links
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Ending finished goods inventory selling expenses administrative expenses what is the gross profit?
Gross Profit = Revenue - Cost of Goods Sold is the formula for calculating gross profit.
What is Gross profit?Gross profit is the amount of money your company makes after paying its expenses. Your net profit is your earnings after all expenses have been paid. The money that remains after an organization has paid for the products and services it sold is known as gross profit. The amount that is left over after all costs and taxes have been paid is the company's net profit.
The profit a company makes after deducting all of the expenses involved to producing and offering its goods or services is known as gross profit. The cost of goods sold (COGS) is subtracted from your total sales to determine gross profit.
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