The Sumerians were the earliest group of people to perform a management function, written record keeping. this is an example of controlling.
What is management function?
The four widely acknowledged management roles are leading, controlling, organising, and planning. These roles collaborate to develop, carry out, and achieve organizational goals. The four management functions may be thought of as a process where each function builds on the one before it. The four management functions must be performed in the right order for management to be successful.
A manager must first create a plan, then allocate resources and assign tasks to workers in accordance with the plan, then direct people to carry out the plan effectively, and lastly assess the plan's success while it is being carried out and make any required modifications.
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the types of accounts which affect retained earnings are multiple select question. dividends. expenses. assets. liabilities. revenues.
Retained earnings are directly impacted by the same items that impact net income. These include revenues, cost of goods sold, operating expenses, and depreciation.
What is retained earnings ?Sales represent the income generated by a business operation, while profit represents the net profit after deducting costs from the results. Earnings can take many forms, including B. Sales, Commission Income, and Property Income.
Revenue is the money a business makes from selling its products or services. Cash flow is the net amount of cash flowing in and out of a company. Revenue is a measure of a company's sales and marketing effectiveness, while cash flow is a more liquidity measure. Capital investments are typically his one-time large purchases of fixed assets that are used to generate income over the long term. Income costs are the ongoing operating costs, the short-term costs of running the day-to-day operations of a business.
Retained earnings are actually considered a liability to a company because they are a sum of money set aside to pay stockholders in the event of a sale or buyout of the business.
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suppose you have just retired and have $1 million in your retirement account. your bank offers an arrangement whereby the bank takes your $1 million now and pays you $75,000 at the end of each year for the next 25 years. if the interest rate is 6% p.a. (compounding yearly), does this sound like a fair deal?
Since the present value of the 25 annual payments is less than the $1 million in your retirement account, this arrangement does not sound like a fair deal. You would receive less money over the 25-year period than if you kept your $1 million in the retirement account.
To determine if this arrangement is a fair deal, you need to compare the present value of the 25 annual payments of $75,000 to the present value of your $1 million retirement account. The present value of the 25 annual payments can be calculated using the formula for an annuity:
PV = A * (1 - (1 + r)^-n) / r
Where:
PV is the present value
A is the annual payment ($75,000)
r is the interest rate (6%)
n is the number of payments (25)
First, we need to convert the interest rate to a decimal: 6% as a decimal is 0.06
Next, we'll plug in the values into the formula:
PV = $75,000 * (1 - (1 + 0.06)^-25) / 0.06
PV = $75,000 * (1 - (1.06)^-25) / 0.06
PV = $1,066,591.20, revealing that it is not a fair deal.
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what mineral group is most important for the production of drywall used in residential home construction?
Gypsum is most important for the production of drywall used in residential home construction.
Give a brief about Gypsum.
With the chemical formula CaSO42H2O, gypsum is a soft sulphate mineral made of calcium sulphate dihydrate. [4] It is widely mined, used as fertilizer, and the primary component of several plaster, sidewalk or blackboard chalk, and drywall products. Many cultures, including Ancient Egypt, Mesopotamia, Rome, the Byzantine Empire, and the Nottingham alabasters of Medieval England, have employed alabaster, a fine-grained, white or subtly colored type of gypsum, for sculpting. Gypsum may also form selenite crystals, which are transparent. It develops as an evaporite mineral and as an anhydrite hydration byproduct.
Based on a comparison of scratch hardness, gypsum is assigned a hardness rating of 2 on the Mohs scale of mineral hardness.
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verizon uses a web-based digital dashboard to provide managers with real-time information, in order to:
Verizon Corporation uses a computerized dashboard that is available online to track network performance for each covered locality, customer complaints, line outages, and storm-damaged lines.
How does the web based digital dashboard help managers?A digital dashboard is a monitoring and analysis tool that gives business users the ability to keep an eye on and evaluate their most crucial data sources in real time. Digital dashboards enable improved decision-making and ongoing development through interactive data representations.
Verizon Corporation tracks network performance for each covered locality, customer complaints, line outages, and storm-damaged lines using a computerized dashboard that is accessible online.
The network performance for each locality covered, customer complaints, line outages, and storm-damaged lines are all tracked by Verizon Corporation using a computerized dashboard that is accessible via the Internet.
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g: the hierarchy of organizational goals is in the following order (least specific to most specific): group of answer choices vision statements, strategic objectives, mission statements. mission statements, strategic objectives, vision statements. vision statements, mission statements, strategic objectives. mission statements, vision statements, strategic objectives.
the hierarchy of organizational goals is in the following order: vision statements, strategic objectives, mission statements. so the option A is the correct answer.
The process of identifying or assuming the goals of each team member, letting go of goals that are no longer important, identifying and resolving conflicts between goals, and consistently prioritising goals for the best team collaboration and effective operations constitutes goal management in organisations. According to organisational goal management, each employee's goals and objectives should be in accordance with the organization's overarching vision and strategic goals. Goal-management is a tool that organisations may use to successfully communicate their company goals and strategic objectives to all of their employees. [Reference necessary] To ensure that everyone understands how their work impacts an organization's success, the trick is to have everything stem from one central point and to convey the organisational goals to everyone in a clear and consistent manner.
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the rational-actor paradigm is useful for group of answer choices teaching us to anticipate opportunistic behavior. analyzing behavior that has already occurred. designing organizations that are less susceptible to opportunistic behavior. all of these choices.
The answer is all of these choices, which is the rational-actor paradigm teaching us to anticipate opportunistic behavior, designing organizations that are less susceptible to opportunistic behavior.
What is a paradigm example?For instance, the scientific process is a paradigm in and of itself (though which "science" views the world: a traditional Western, empirical, quantitative approach to studying things). The theory of evolution is an additional illustration of a paradigm.
What exactly is a paradigm?So a paradigm is a set of beliefs, conceptions, interpretations, and understandings that are held in common. They are shared by a very big number of people. It is a fundamental way of considering a feature of our reality or experience.
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define economist, microeconomics, macroeconomics, consumers, producers, goods, services, resources, factors of production, natural resources, human resources, capital resources, capital goods, consumer goods, technology, entrepreneurship, entrepreneur.
Factors of production are the assets that serve as the backbone of the economy and are employed by individuals to create goods and services. The four categories of factors of production that economists distinguish between are land, labour, capital, and entrepreneurialism.
The foundation of commodities and services in an economy are factors of production. Equation that describes the connection between the amounts of productive inputs (such labour and capital) used and the amount of output. Land, labour, goods, and entrepreneurs are the four fundamental resources or components of production (or enterprise). To distinguish them from the products or services economists buy, the factors are frequently referred to as "producer goods or services."
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why is the standard of living in the united states higher than that of japan or germany, although their workers make more on the average?
Answer:
The standard of living in the US is higher than that of Japan or Germany due to factors such as a larger economy, lower taxes, and lower cost of living in some areas.
Explanation:
The standard of living in a country is determined by various factors, including average income, cost of living, availability of goods and services, access to healthcare and education, and the overall state of the economy. The United States has a larger economy than Japan or Germany, which means that there is a higher availability of goods and services, and a greater variety of job opportunities. Additionally, the US has lower taxes, which allows individuals to keep more of their income, and in some areas, the cost of living is lower, which contributes to a higher standard of living. While workers in Japan and Germany may make more on average, the cost of living in these countries is also higher, which means that their purchasing power may not be as great as that of workers in the US.
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workforces in many nations are changing due to changes in birth and mortality rates, immigration, and age distributions. true false
Workforces in many nations are changing due to changes in birth and mortality rates, immigration, and age distributions. -- True.
What is Mortality rate?
The ratio of annual deaths to the average annual population is known as the mortality rate.
Along with industry specialists who evaluate the effects of access to insurance and healthcare services, health insurance companies also use these figures.
Example: The mortality rate for a population of 30,000 people is 83 per 100,000 if there are 25 lung cancer deaths in a single year.
Crude mortality rate, infant mortality rate (or IMR), and maternal mortality rate are the three most prevalent types of death rates (or MMR). All deaths divided by the total population yields the crude mortality rate. IMR is calculated by dividing the total number of infant deaths by the total number of live births.1
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Question 105 out of 5 pointsThe Supreme Court gave decision making power for Eminent domain tothe
The Supreme Court gave decision making power for Eminent domain to the states and local communities .
Who first established eminent domain?
Hugo Grotius and Samuel Pufendorf, two natural-law jurists active in the 17th century, first proposed the concept of eminent domain as a peculiarly sovereign power accompanied by a responsibility to provide compensation.
To make room for a new bridge or highway, for instance, the government might occasionally remove someone's home.
What does property law's eminent domain doctrine entail?
For want of a better term, eminent domain refers to the State's authority to seize private property without the owner's permission for a "public purpose." It consists of three generally recognized components.
The taking must, first and foremost, be authorized by law. Second, reasonable compensation for the landowner is necessary.
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Place the steps in the segmentation, targeting, and positioning process in order, with the first step at the top.
List the following in the order that they occur in the segment, targeting, and positioning procedure, starting with the first. Establish a strategy or goal. Indicate segments. Assess the Appeal of the Segment. Choose your target market. Determine and create a positioning strategy.
What comes first in the segmentation, targeting, and positioning process after taking the organization's overarching goals into account?Clarifying the company's marketing strategy's vision or goals is the first stage in the segmentation process. The segmentation approach must be in line with and stem from the firm's goals and mission as well as its present circumstances.
What exactly are the four segmentation steps?The four major categories of market segmentation are thought to be demographic, psychographic, behavioral, and geographic, although there are other additional tactics you can employ, including a variety of the four primary categories.
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your boss inflates the annual performance evaluations of her favorite employees. this represents what type of counter productive work behavior (cwb)?
The annual performance reviews of her favored staff are exaggerated by your supervisor. This exemplifies political deviation and responsible behavior at work.
Political deviance is a broad notion that isn't as regularly used as a political crime. It can be committed by those in positions of authority, either individually or in the name of the state, as well as by people trying to bring about social change.
This unproductive competition may have a harmful impact on staff. The types mentioned earlier of political deviation can disastrously affect workers and job environments. Absenteeism, hostility, theft, and performing tasks incorrectly are a few examples of the effects of political deviance.
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excess supply occurs when: a) the price is above the equilibrium price. b) the quantity demanded exceeds the quantity supplied. c) the price is below the equilibrium price. d) the quantity demanded exceeds the quantity supplied and when the price is below the equilibrium price.\
Excess supply occurs when the quantity supplied of a good or service exceeds the quantity demanded at the current market price. In other words, there is a surplus of the good or service, which results in a downward pressure on the price.In an economic sense, excess supply means that the market price is above the equilibrium price (Option A).
What is the supply about?The equilibrium price is the price at which the quantity supplied is equal to the quantity demanded.
When the market price is above the equilibrium price, there will be excess supply because producers will continue to produce the good or service at the higher price, while consumers will start to reduce their purchases. This will cause a surplus in the market, which will eventually lead to a decrease in price to reach the equilibrium price.
Note that Option B is incorrect because excess supply occurs when the quantity supplied is greater than the quantity demanded, not the other way around.
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which of the following is true of an economy operating on its production possibilities frontier? a it must be a command economy. b its resources are fully employed. c it will necessarily operation on the same frontier the following year. d it is allocatively efficient. e it cannot trade with other nations because it is the most efficient producer of tradeable goods.
Resources are absolutely employed when an financial system is running on its manufacturing chances frontier.
What is actual of the manufacturing opportunity frontier?The manufacturing possibility frontier (PPF) is a curve on a graph that illustrates the possible portions that can be produced of two merchandise if each rely upon the same finite aid for their manufacture. The PPF is also referred to as the manufacturing possibility curve. PPF also plays a fundamental position in economics.
An economic system that is operating on the PPF is said to be efficient, that means that it would be not possible to produce more of one good without decreasing production of the other good.
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brainly.com/question/12101823#SPJ4the local farmer's market sells strawberries for $8 per basket or three for $20. what is the marginal cost of the 3rd basket?
The marginal cost of the 3rd basket $4.
What does marginal cost mean?When we speak of marginal cost, we speak of an increase in the cost of production due to the creation of more units of a product. Marginal cost of production is another name for this phenomenon. Firms can evaluate how production volume affects costs and ultimately revenue by calculating marginal cost. All costs that change with this production volume are included in the marginal costs. For example, a firm would incur marginal costs if it had to build a brand new factory to increase production.
Marginal cost varies with the quantity of a good produced. The cost of producing an additional sale item is known as the margin cost.
[tex]$\mathrm{MC = \frac{\Delta C}{\Delta Q}}[/tex]
MC = marginal cost
ΔC = change in cost
ΔQ = change in quantity
Here,
change in cost = ($8 × 3) - $20
= $4
change in quantity = 1 - 1 or 1 = 1 remains same = 1
[tex]$\mathrm{MC = \frac{4}{1}}[/tex]
Marginal cost = $4
Thus, The marginal cost of the 3rd basket $4.
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since most policies are drafted by a single person and then reviewed by a higher-level manager, employee input should not be considered since it makes the process too complex. question 4 options: true false
False. Employee input is an important part of the policy-making process as they have first-hand experience with the work processes and procedures.
This statement is subjective and open to interpretation. The importance of employee input in policy drafting can vary depending on the organization's goals, size, structure, and culture. In some cases, employee input may be valuable in ensuring that policies are reflective of their needs and concerns, while in others, it may slow down the decision-making process or lead to inconsistencies in the policy. Whether or not employee input should be considered in policy drafting ultimately depends on the organization's specific circumstances and priorities. Their input can help identify potential issues, improve efficiency, and increase buy-in and adherence to policies.
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true or false: pdca stands for the plan, do, check, and act cycle for using observed data for continuous improvement of operations.
The statement "PDCA (stands for the plan, do, check, and act) cycle for using observed data for continuous improvement of operations" is true because the aim of PDCA is to continuously improve products or services and it uses testing and data analysis.
The PDCA ( Plan-Do-Check-Act) cycle is an iterative process that is used to continuously improve products, people, and services. It became an essential component of what is now known as Lean management. The Plan-Do-Check-Act paradigm incorporates solution testing, data analysis, and process improvement.
The PDCA approach tries to enhance organizational operations and assist reduce repeated errors. It is a project planning tool and an important component of lean management.
Companies should first plan a change that will be implemented into the system using the PDCA method. The plan's implementation is the second step. The effect of the modification should then be assessed in the following phase before acting appropriately, i.e. keeping the results in mind and continuing or ceasing the use of that change.
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A bond with a par value of $1000 makes semiannual coupon payments of $38. What is its coupon rate? Round to one decimal place. Answer in percent.
The coupon rate of the bond when a bond with a par value of $1000 makes semiannual coupon payments of $38 is 3.8%.
How do you calculate the bond's coupon rate?To calculate the bond's coupon rate, we divide the coupon payment by the bond's par value and then multiply by 100 to express the result as a percentage.
$38 / $1000 = 0.038
0.038 x 100 = 3.8%
So, the coupon rate of the bond is 3.8%.
The annual income an investor might anticipate while owning a specific bond is known as the coupon rate. The calculation is done by dividing the total of the annual coupon payments by the par value, and it is established at the time the bond is issued. A bond's yield to maturity and coupon rate are equal at the time of purchase.
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print item 4 required information skip to question [the following information applies to the questions displayed below.] marcelino co.'s march 31 inventory of raw materials is $80,000. raw materials purchases in april are $560,000, and factory payroll cost in april is $382,000. overhead costs incurred in april are: indirect materials, $56,000; indirect labor, $22,000; factory rent, $36,000; factory utilities, $23,000; and factory equipment depreciation, $61,000. the predetermined overhead rate is 50% of direct labor cost. job 306 is sold for $670,000 cash in april. costs of the three jobs worked on in april follow. job 306 job 307 job 308 balances on march 31 direct materials $ 29,000 $ 43,000 direct labor 23,000 17,000 applied overhead 11,500 8,500 costs during april direct materials 131,000 210,000 $ 105,000 direct labor 104,000 152,000 104,000 applied overhead ? ? ? status on april 30 finished (sold) finished (unsold) in process 4-a. compute gross profit for april. 4-b. show how to present the inventories on the april 30 balance sheet.
4-a. Gross Profit for April
Gross Profit = Sales – Cost of Goods Sold
Sales = $670,000 (for Job 306)
What is Gross Profit?Gross profit is the total amount of revenue earned from the sale of goods and services after subtracting the cost of goods sold (COGS). Gross profit is a key indicator of the financial health of a company and is used to calculate the profitability of a business.
Cost of Goods Sold = Direct Materials + Direct Labor + Applied Overhead
Direct Materials = $29,000 (Job 306) + $131,000 (April purchases) + $43,000 (Job 307) + $210,000 (Job 308) = $413,000
Direct Labor = $23,000 (Job 306) + $104,000 (April) + $17,000 (Job 307) + $152,000 (Job 308) = $296,000
Applied Overhead = $11,500 (Job 306) + ? (Job 307) + ? (Job 308)
To calculate Applied Overhead for Jobs 307 and 308, we need to use the predetermined overhead rate.
Applied Overhead = Direct Labor x Predetermined Overhead Rate
Job 307: Applied Overhead = $17,000 (Direct Labor) x 50% (Predetermined Overhead Rate) = $8,500
Job 308: Applied Overhead = $152,000 (Direct Labor) x 50% (Predetermined Overhead Rate) = $76,000
Total Applied Overhead = $11,500 (Job 306) + $8,500 (Job 307) + $76,000 (Job 308) = $96,000
Cost of Goods Sold = $413,000 (Direct Materials) + $296,000 (Direct Labor) + $96,000 (Applied Overhead) = $805,000
Gross Profit = $670,000 (Sales) – $805,000 (Cost of Goods Sold) = -$135,000
Therefore, the Gross Profit for April is -$135,000.
4-b. Inventories on April 30 Balance Sheet
Raw Materials Inventory = $80,000 (March 31 inventory) + $560,000 (April purchases) = $640,000
Work-in-Process Inventory = $105,000 (Job 308 direct materials) + $104,000 (Job 308 direct labor) + $76,000 (Job 308 applied overhead) = $285,000
Finished Goods Inventory = $29,000 (Job 306 direct materials) + $23,000 (Job 306 direct labor) + $11,500 (Job 306 applied overhead) = $63,500
Therefore, the Inventories on the April 30 Balance Sheet are Raw Materials Inventory = $640,000, Work-in-Process Inventory = $285,000, and Finished Goods Inventory = $63,500.
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you deposit $5000 in an account that pays 2.25% annual interest. find the balance after 5 years when the interest is compounded quarterly. the balance is $ .
The balance after 5 years when the interest is compounded quarterly the balance is $7424.43.
Compound interest is a type of interest that is calculated on the original deposit plus any accumulated interest.
To calculate the balance after 5 years with compound interest, we will use the formula:
A = P * (1 + r/n)ⁿˣ
where:
A = final balance
P = principal (original deposit)
r = annual interest rate
n = number of compounding periods per year
x = number of years
We know that P = $5000, r = 2.25%, n = 4 (because the interest is compounded quarterly), and x = 5. Plugging these values into the formula, we get:
A = $5000 * (1 + 0.0225/4)⁽⁴ˣ⁵⁾
A = $5000 * (1.005625)²⁰
A = $5000 * 1.484858
A = $7424.43
So, after 5 years with interest compounded quarterly, your balance would be $7424.43.
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Generally speaking, which of these situations is likely to lead to greater profits?
a. an industry that is about to undergo deregulation
b. a situation that encourages operating at excess capacity
c. a fragmented industry rather than a consolidated one
d. an industry with fewer but larger competitors
It is difficult to determine which situation would lead to greater profits as it depends on various factors and circumstances.
What are Industry Profits Comparison Factors?However, the following can be stated generally:
a. If an industry is poised to undergo deregulation, it may result in higher profits if it creates new market opportunities and lowers entry barriers.
b. An environment that promotes operating at excess capacity can result in fewer profitability because of lower prices and decreased demand for items.
c. If niche markets and specialized products are allowed, a fragmented industry may generate higher profits. Lower earnings, however, may result if the fragmentation makes it impossible for businesses to realize economies of scale.
d. Lower earnings may result from increasing competition and larger firms' capacity to control the market in an industry with fewer but larger competitors. If the bigger businesses are able to attain economies of scale and cut expenses, it may also result in higher profits.
The profitability of a scenario ultimately depends on a variety of variables, including the dynamics of the industry, competition, legislation, consumer behavior, and the particular strategy and operations of the organization.
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when the price of a bar of chocolate is $1.00, the quantity demanded is 100,000 bars. when the price rises to $1.50, the quantity demanded falls to 60,000 bars. calculate the price elasticity of demand using the mid-point method.
-0.8 is the price elasticity of demand using the mid-point method.
What do you mean by demand elasticity?
Demand elasticity is a significant deviation from the general definition of demand. Demand can be divided into unitary, inelastic, and elastic categories.
When the quantity demanded changes significantly as a result of a price shift, there is an elastic demand. Demand elasticity, income elasticity, cross elasticity, and price elasticity are the four different types of elasticity.
Elasticity of demand = % change in quantity demanded / % change in price
1. % change in quantity demanded = (60000 - 100000)/100000 * 100
= - 4000000/100000 = -40
% change in price = (1.50-1)/1 *100 = 50
Elasticity of demand = -40/50 = -0.8
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the most common business organizations in the united states are
The most prevalent and common type of business organization is the sole proprietorship.
What do you mean by sole proprietorship?A sole proprietorship can be defined as a type of business or organization that is owned, controlled, and run by a single person who also bears all of the organization's risks and is the sole beneficiary of any gains or losses.
What are the top 3 commercial entities in the United States?There are three main business structures: the sole proprietorship, the partnership, and the corporation. Each has advantages and drawbacks of its own. Here is a summary of the information you should know about each one.
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T/F all business events have an immediate and quantifiable effect on the accounting equation.
ISN'T TRUE Every business event has a clear and tangible impact on the financial balance.
Do all business-related occurrences have a direct, discernible impact on the financial equation?The accounting equation is instantly and quantitatively impacted by every company occurrence. Palmer Corporation receives $40,000 in cash as part of a deal with the bank. What impact does this transaction have on the accounting formula? Bell Company paid $700 in cash for the materials.
How does the accounting equation affect business decisions?Regardless of the accounting technique, a country's total assets are typically equal to the sum of all its founders' equity and creditors as shown on its balance sheet. The company's assets serve as a visual depiction of its most important resources. Their commitments are replaced by the liabilities.
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environmental damage from industry or land development has traditionally been labeled as ________ by economists.
Economists have historically classified environmental harm caused by industry or land development as an external cost.
What environmental harms are some examples of?A number of human actions, such as deforestation, pollution, overcrowding, and the burning of fossil fuels, have a negative impact on the physical environment. Changes like this have worsened climate change, land erosion, poor air quality, and unusable water.
What expenses are involved in transactions that have the potential to harm the environment, human health, or property?What expenses are involved in transactions that can harm the environment, people, or property? External expenses, which can harm the environment, people's health, and property, are paid for by parties not involved in the direct transaction.
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what is a measure of how responsive one variable is to a change in another variable ?
Elasticity measures how sensitive one variable is to changes in another variable, most frequently the change in amount demanded in relation to changes in other factors, such price.
Why do we measure elasticity?Elasticity is a crucial economic metric because it shows how much of an item or service consumers consume when the price varies, which is especially essential for businesses that sell goods or services. When a product's price changes quickly, the amount that is demanded also changes.
What is an illustration of elasticity?Consumer durables are an example of a product with elastic demand. Like a washing machine or a car, these are infrequently acquired things that can be put off if the price increases. For instance, car discounts have been quite effective at increasing car sales by lowering the price.
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use the cause and effect table to answer the question. cause effect ? farm income dwindled, and agricultural prices plummeted even further. which cause best completes the table?
Farmers overproduced plants in an effort to get better their losses.
What Is Farm Income?Farm profits refers to profits and losses that are incurred thru the operation of a farm or agricultural business. A farm earnings assertion (sometimes called a farm profit and loss statement) is a precis of profits and fees that befell in the course of a precise accounting period.
Net Cash Income. Total cash receipts from production minus whole cash operating expenses. ii. Net Farm Income: Net money earnings from manufacturing plus or minus trade in stock in non-depreciable gadgets and depreciation on power machinery, livestock, buildings, etc.
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brainly.com/question/618255#SPJ4how would the following changes in price affect total revenue? that is, would total revenue increase, decrease, or remain unchanged? a. price falls and demand is inelastic: (click to select) . b. price rises and demand is elastic: (click to select) .
price falls and demand is inelastic
What happens to your total revenue if you change the price?Total revenue equals total quantity sold multiplied by price of good. With elastic demand – a rise in price lowers total revenue TR increases as price falls. With inelastic demand – a rise in price increases total revenue and TR decreases as price falls.If an increase in price causes an increase in total revenue, then demand can be said to be inelastic, since the increase in price does not have a large impact on quantity demanded.When the demand is elastic, the total revenue and the price moves in the opposite direction. An increase in the price will decrease the total revenue and a decrease in price will increase the total revenue.
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if you want to know the value of acquiring new customers, which setting in a smart shopping campaign will help you do that?
Getting prospective clients to buy your items is the process of customer acquisition.
What is customer acquisition?The process of acquiring new consumers helps an organisation grow. A few examples of client acquisition techniques include email marketing, employing a CRM (customer relationship management) platform, providing excellent customer service, and developing a strong reputation as a provider. Customer acquisition assists a company in generating more income by combining the advantages of numerous teams, channels, and methods. Brand awareness is the initial step in the purchasing process. Every person who is now learning about your brand in your target market is a potential customer. Potential customers won't employ your services if they are unaware of what you perform or the benefits you might offer them. Currently, engaging a variety of prospects is the goal.
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what the minimum that a firm has to do to engage in international business is to?
To undertake international commerce, a corporation must at the very least export or import products from other countries.
What are export and import?Selling products and services to a foreign country is referred to as exporting.
Contrarily, importing is the act of acquiring goods from outside and bringing them into one's own nation.
Exports are products and services made in one nation and offered to customers in another.
Imports and exports together make up global trade.
A company must at least export or import goods from other nations in order to conduct worldwide business.
Many of tomorrow's economic prospects are most likely to be found in developing countries like China, India, and Brazil because of the shifting economic geography.
Therefore, to undertake international commerce, a corporation must at the very least export or import products from other countries.
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