Answer:
true
Explanation:
true
True or false: when the price of one product rises, the demand for its substitute will increase.
True - The product's price elasticity refers to the extent to which changes in price translate into changes in demand and supply.
The selection is appropriate since alternative commodities are defined as goods that provide a similar purpose for a consumer. Since they provide a comparable level of enjoyment to consumers, substitute goods can be used in place of one another. As a result, as the cost of a substitute good increases, demand for the other commodity also increases. As a result, the price of the other good rises as a result of the increased demand for it. This is due to the fact that as a good's price increases, consumers tend to make fewer demands of it rather than switching to a different one. As a result of the interaction between price and overall quantity of commodities, it reflects the increasing slope of the demand curve.
The law of demand states that demand for an item or resource will go down as its price goes up and up as its price goes up.
On the other side, lower prices tend to enhance an economic good's supply while higher prices tend to decrease it, according to the law of supply. A visual illustration of the market-clearing price is the point where the supply and demand curves connect, balancing supply and demand. The demand for needs is comparatively inelastic, meaning that it responds less quickly to price changes.
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If scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, what would happen to the equilibrium price and quantity of lattés?.
If scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, then the equilibrium price and quantity would both rise.
What do we mean by equilibrium price?An equilibrium price, also recognized as a market-clearing price, is the customer cost assigned to a product or service at a point where supply and demand are equal or nearly equal. The price at which the demand curve equals the quantity supplied is known as the equilibrium price. The intersection of the demand and supply curves determines it. A surplus exists when the quantity supplied of a good or service exceeds the quantity demanded at the current price, putting downward pressure on prices. For example, if scientists discover that steamed milk, which is used to make lattés, reduces the risk of heart attack, the equilibrium price and quantity will both rise.Therefore, if scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, then the equilibrium price and quantity would both rise.
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__________ shows the number of units the market will buy in a given time period, at different prices that might be charged.
(B) A demand curve shows the number of units the market will buy in a given time period, at different prices that might be changed.
What is a demand curve?A demand curve is a graph in economics that depicts the relationship between the price of a commodity (the y-axis) and the quantity of that commodity that is demanded at that price (the x-axis). A demand curve depicts the number of units that the market will purchase in a given time period at various prices that may change. Demand curves can be used to model the price-quantity relationship for a single consumer (an individual demand curve) or for all consumers in a given market (a market demand curve) (a market demand curve).Demand curves are generally assumed to slope downward, as illustrated in the adjacent image. This is due to the law of demand, which states that when the price of good rises, the quantity demanded decreases.Therefore, (B) a demand curve shows the number of units the market will buy in a given time period, at different prices that might be changed.
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The complete question is given below;
__________ shows the number of units the market will buy in a given time period, at different prices that might be changed.
a) target costing
b) a demand curve
c) price elasticity
d) total cost
b) a demand curve
Using the ob concepts and tools that best suit the situation is called a(n)____to management.
Using the OB concepts and tools that best suit the situation is called a contingency approach to management.
What is contingency approach?
The Situational Approach, also known as the Contingency Approach, is founded on the idea that all management is fundamentally situational in nature. The circumstances of a particular situation will have an impact on (if not control) all managerial decisions. There isn't just one effective technique to approach any decision.
Contingency approach to management refers to using the OB concepts and tools that are most appropriate for the circumstance.
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The more extensive an electrical wiring system is, the more cost added to the project. true false
It is True that the more extensive an electrical wiring system is, the more cost added to the project.
What are the Types of Electrical Wiring Systems?Wiring ClatIn this, 0.6 m-diameter porcelain, wood, or plastic cleats are fastened to walls or ceilings at regular intervals.
Wire Casing and CappingIn this, a cable is passed through a grooved wooden casing.
a batten wireInsulated wires are woven into the slender teak wooden battens of this. Plugs and screws are used to secure the wooden battens to the walls or ceilings. Use of tinned brass link clips allows the wires to be attached to the battens.
cable wiringPVC cables are used in this wiring and are taken through either steel or PVC conduit pipes.
Sheathed in Lead WiringWith the exception of the type of wire or cable, this wiring technique is likewise comparable to the CTS / TRS Wiring. In this, vulcanized Indian rubber is used to insulate the electrical conductor before a sheath made of a lead-aluminum alloy (95% lead and 5% aluminum) is applied.
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In its first month of operations, a company’s cash account has total debit entries amounting to $27,500 and total credit entries amounting to $24,900. At the end of the month, the cash account has a.
In its first month of operations, a company’s cash account has total debit entries amounting to $27,500 and total credit entries amounting to $24,900. At the end of the month, the cash account has a.$2,600 debit balance.
As shown at left, asset, expense and dividend accounts each follow the identical set of debit/credit rules. These accounts normally carry a debit balance. On the asset side of the record, a debit increases the balance of an account, while a credit decreases the balance of that account.
When an organization receives money prior to earning it, the accounting may be a debit to the asset Cash for the quantity received and a credit to the liability account like Customer Advances or Unearned Revenues. Debits increase asset accounts; credits decrease asset accounts.
Third: Debit the receiver, Credit the giver. A debit increases asset or expense accounts, and reduces liability, revenue or equity accounts. A credit is usually positioned on the proper side of an entry.
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In process costing, costs incurred in a department are not transferred to the next department. a. true b. false
True, In process costing, costs incurred in a department are not transferred to the next department.
What are the transmitted in costs as used in a revolution costing system?Transferred-in costs are the costs collected by the product at any given point in presentation. They are "transferred in" to the new business department that takes the partially finished product and is accountable for restarting the production process.
What is true about revolution costing?
Process costing is an important product costing process for manufacturing businesses that mass produce a large volume of similar effects or units of output. Process costing is widely used in enterprises such as oil refining, food presentation, chemical processing, materials, glass, cement and paint manufacture.
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firms 1 and 2 compete in a cournot duopoly. if firm 2 adopts a strategy that raises firm 1's marginal cost, multiple choice firm 1 will increase its output. firm 1 will not increase its output nor enjoy higher profits nor will firm 2 lose market share. firm 1 will enjoy higher profits. firm 2 will lose market share.
Firm 1 will reduce its output.
Cournot duopoly is also known as Cournot competition
It is a model of imperfect competition in which two firms with identical cost functions compete with homogeneous products in a static setting.
It was created by Antoine A. Cournot in his “Researches Into the Mathematical principles of the Theory of Wealth” in 1838. Cournot duopoly represented the making of the study of oligopolies, particularly the duopolies, and it also expanded the analysis of market structures which, until then concentrated on the extremes of it as perfect competition and monopolies.
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True or false: a contra-asset account, such as accumulated depreciation, will have a normal debit balance.
This problem is false statement. as contra-asset account, such as accumulated depreciation, will have a normal debit balance
What is accumulated depreciation?
Any collection of activities and procedures utilized during the manufacture of any items constitutes a manufacturing system. Businesses have evolved a number of diverse systems and procedures over time, but they have grown in significance as a component of any production environment.
Therefore,
This problem is false statement.
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The ____ encompasses the entire telephone system, from the wires that enter homes and businesses to the network centers that connect different regions of a country
The pstn encompasses the entire telephone system, from the wires that enter homes and businesses to the network centers that connect different regions of a country.
What is pstn ?Infrastructure and services for public communications are provided by the public switched telephone network (PSTN). The PSTN is the collective name for all circuit-switched telephone networks in use today, whether they are run by global, regional, or local telephony providers. These include phone lines, fiber optic cables, microwave transmission links, cellular networks, communications satellites, and undersea telephone cables. Switching centers connect all of these, enabling communication between the majority of telephones.
Initially a network of fixed-line analog telephone systems, the PSTN is now almost fully digital in its core network and includes mobile and other networks in addition to fixed lines.
The PSTN operates in accordance with ITU-T standards on a technical level. These standards provide seamless network interoperability between various networks in various nations.
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Cash flow is generated by the firm and paid to creditors and shareholders, it can be classified as:________
Cash flow is Generated by the firm and paid to creditors,
It can be classified as Cash flow from Operations( Operating cash flow )
What is Cash flow from Operations?Cash flow from operating activities (CFO) indicates the amount of money a company brings in from its ongoing, regular business activities, such as manufacturing and selling goods or providing a service to customers. It is the first section depicted on a company's cash flow statement.
Cash flow from operating activities does not include long-term capital expenditures or investment revenue and expense. Keywords of cash flow from operating:CFO focuses only on the core business and is also known as operating cash flow (OCF) or net cash from operating activities.Cash flow from operating activities is an important benchmark to determine the financial success of a company's core business activities.Cash flow from operating activities is the first section depicted on a cash flow statement, which also includes cash from investing and financing activities.There are two methods for depicting cash from operating activities on a cash flow statement: the indirect method and the direct method.The indirect method begins with net income from the income statement and then adds back noncash items to arrive at a cash basis figure.The direct method tracks all transactions in a period on a cash basis and uses actual cash inflows and outflows on the cash flow statement.
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How much of the food that you eat is unprocessed, unpackaged or locally grown? in michigan
Think vegetables, cereals, legumes, fruits, nuts, meats, seafood, herbs, spices, garlic, eggs, and milk while imagining unprocessed or minimally processed cuisine. Lay the foundation of your diet on these real, natural foods.
Magnesium and heart-healthy fats are only two of the heart-healthy minerals and antioxidants that are abundant in real food. Inflammation, which is one of the main causes of heart disease, may be reduced by eating a diet high in nutrient-dense, unprocessed foods. This analysis looks at the value of Michigan's agricultural food products from the farm through processing, retailing, and to the consumer.
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_______ can be done at three levels: product attributes, benefits, and beliefs and values.
"Brand positioning" can be done at three levels: product attributes, benefits, and beliefs and values
What is Value?
Value or Business value is a colloquial term used in management that refers to all types of value that affect the long-term health and prosperity of the company. Business value includes additional types of value, such as employee value, customer value, supplier value, channel partner value, alliance partner value, managerial value, and social value, in addition to economic value (also known as economic profit, economic value contributed, and shareholder value). Numerous of these types of value cannot be quantified in monetary terms. Intangible assets that are not necessarily attributed to any particular stakeholder group can comprise business value. Examples include a company's business model and intellectual property. One of the most widely used techniques for assessing and maintaining corporate value is the balanced scorecard methodology. look at Business value.
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Effective problem solving assists the acquisition community in making good business decisions. problem solving is defined as?
Problem solving is the act of defining a problem, determining the cause of the problem, identifying, prioritizing and selecting alternatives for a solution then implementing a solution.
Steps of problem solving
Identify the Problem. Analyze the Problem.Describe the Problem.Look for Root Causes.Develop Alternate Solutions.Implement the Solution.Notably, effective problem solving assists the acquisition community in making good business decisions.
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Highly suspect corporation has current liabilities of $424,000, a quick ratio of 1.30, inventory turnover of 4.40, and a current ratio of 3.20. what is the cost of goods sold for the company?
$3,115,770 is the cost of goods sold for the company.
What are goods ?In economics, "goods" are things that fulfill human needs and provide utility, such as to a customer buying a fulfilling product. Services that cannot be transferred and transferable products are two categories that are frequently distinguished.
When a good is helpful to people but is in short supply compared to demand, it is said to be a "economic good" and requires human effort to attain. Free things, on the other hand, like air, are always available and don't require any deliberate effort to obtain. Private goods include anything a person owns or uses on a regular basis that is unrelated to food, such as televisions, living room furnishings, wallets, cell phones, etc.
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Choosing to work an extra hour of overtime is an example of? thinking at the margin. efficiency. equity. market equilibrium.
Choosing to work an extra hour of overtime is considered an example of thinking at the margin.
Thinking at the margin refers to thinking about the next step forward. Here margin implies additional. So this is derived when something extra is consumed or produced. Thinking at the margin is also key in deciding the optimal amount of something to buy or an activity to engage in.
Suppose when a person chooses to work an extra hour of overtime this becomes an example of thinking at the margin. So when a person starts thinking on the margin, they notice that, for many decisions the margin is more important than the average.
Hence, option A is correct.
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Throughout the simulation new companies will eventually enter the market. true or false?
Throughout the simulation new companies will eventually enter the market.
This problem is a false statement.
What is market?
The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.
Therefore,
This problem is a false statement.
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True or false: when using a financial calculator to find the number of payments, the pmt value should be entered as a positive.
when using a financial calculator to find the number of payments, the pmt value should be entered as a positive. The given statement is False.
What is the PMT function?
Excel's financial functions include the PMT Function. The function aids in determining the total payment (principal and interest) necessary to pay off a loan or investment with a fixed interest rate over a predetermined period of time.With constant payments and an interest rate, the PMT function can be used to calculate the loan's future payments. For any loan or investment amount with a fixed rate of interest and a constant quantity, the PMT function in Excel is used to determine the required instalments. When we choose any insurance or loan from a bank, this is just the EMI we pay for our loan or invested amount. The function is referred to as PMT since it determines the payment amount.To know more about PMT Function visit:
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In organizational buying, complex negotiations that last over a lengthy period ______.
In organizational buying, complex negotiations that last over a long period, as a result of the regulatory requirements for fixed cost structures, cannot take place.
This is further explained below.
What is organizational buying,?Generally, It is not uncommon for organizational buying to include convoluted discussions that go on for a considerable amount of time and are prolonged as a direct result of legal obligations.
The term "organizational purchasing process" refers to the method that any business goes through in order to make any purchase or buying choice.
This might be anything from office supplies to new office furniture.
This might refer to anything from computers to supplies for the workplace.
In the same way that regular people go through a series of processes before buying anything, corporations and other kinds of organizations also go through this process before making a purchase.
In conclusion, Because of the legal requirements for fixed cost structures, it is impossible to engage in complicated talks that take place over an extended period of time when an organization is making a purchase.
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During the adjusting process two transactions were neglected or omitted. The first is for unearned rent revenue of which $450 was earned during the period, the second was for accrued interest payable of which $275 is owed for the period. As a result of these omissions.
The omission related to unearned rental income could increase net income by $690 while eliminating accrued expenses, interest expense and interest payable, increased expenses and liabilities by $275. As a result, revenues are understated by $690 while expenses are understated by $275 so net income is understated by $140. Assets are not affected by this error, but liabilities are overstated by $140.
Unearned income is another name for the term “deferred income". It is used to define the process by which a company accepts payment from a customer before that customer receives a product or service. In many cases, companies rely on an upfront payment to complete the manufacture of the product before shipping it to the customer.
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True or false: the interval measure indicates how long a start-up company can operate until it needs more financing.
Answer: True
Explanation:
The interval measure indicates how long a start-up company can operate until it needs more financing.
For+an+investor+in+the+37%+federal+income+tax+bracket, the tax-equivalent+yield+of+a+general+obligation+municipal+bond+with+a+coupon+rate+of+4.17%+is:_________
The answer is :- 6.62%
The computation for tax-equivalent yield is done by divide the coupon rate by (100% - tax bracket).
In this ques, that is 4.17% ÷ (100% - 37%) = 4.17%÷ 63%.
= 6.62%.
Who Are Investors?Any person or other organization (such as a company or mutual fund) who invests money in the hopes of making a profit is referred to as an investor. Investors depend on a variety of financial instruments to generate a rate of return and achieve crucial financial goals like saving for retirement, paying for a child's school, or just collecting more wealth over time. Stocks, bonds, commodities, mutual funds, exchange-traded funds (ETFs), options, futures, foreign currency, gold, silver, retirement plans, and real estate are just a few examples of the many investment vehicles available to achieve objectives. Investors are able to examine opportunities from a variety of perspectives, and they often aim to reduce risk while maximizing rewards.
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The responsibility for setting a company's mission, objectives, broad strategies, and policies primarily lies with its ________.
Typically, a corporation's financial department is in responsible of defining its mission, goals, overarching strategy, and policies.
The finance department of a corporation is in responsible of securing external funding for the organization, handling internal cash flow, and planning how money will be spent on various assets.
What is the financial accounting division?
The component of a business that manages duties including payroll, general ledger maintenance, bill payment, bill preparation, and financial statement preparation is referred to as the "accounting department." To put it another way, they are in charge of managing the business's overall financial front.
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Kristen has been late on her mortgage payments and is now in default on the mortgage. which clause in kristen's mortgage will allow the bank to foreclose on the property...?
The clause in Kristen's mortgage will allow the bank to foreclose on the property Acceleration clause 5.3 .
What is Mortgage Payment ?
A mortgage payment is normally made up of four components: principal, interest, taxes and insurance. The amount that is deducted from your outstanding loan balance is known as the principal component.Until the loan matures or you sell the property, monthly mortgage payments are typically due on the first of the month. It doesn't really matter when your mortgage funds because the payment is still due on the first whether you close on the fifth or the fifteenth of the month.
A mortgage is a loan that you obtain from a lender to pay for the purchase of a home. When you obtain a mortgage, you make a commitment to pay back the borrowed funds with an agreed-upon interest rate. The house serves as security.
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Suppose you have a very efficient study system. then, as you increase the hours that you study for an economics exam, the opportunity cost of studying for the exam:_________
As you increase the hours that you study for an economics exam, the opportunity cost of studying for the exam increases.
What is opportunity cost?Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as an implicit cost.
Opportunity cost arises because the resources needed to satisfy human wants are available in limited quantities. So as more resources are used for an economic activity, less resources would be available to produce other activities.
As you spend more time studying for your economics exam, you would have less time for other activities. So, your opportunity cost increases.
Here are the options of this question:
a) increases.
b) decreases.
c) stays the same.
d) may increase or decrease.
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Personal property are and are held either to consume and use or to generate a return or income as an investment. an example of personal property is:_______
Personal property is and is held either to consume and use or to generate a return or income as an investment. an example of personal property is possessions
This is further explained below.
What is personal property?Generally, A person's personal property includes all of their possessions, with the exception of real estate.
This includes any and all of your moveable possessions, such as clothes, jewelry, any and all of your household goods and furniture, and anything else that is not permanently tied to a stationary place, such as your home. This also includes any and all other material commodities.
In conclusion, Personal property is either owned for the purpose of consuming and using it, or for the purpose of making a return on the investment in the form of income.
Examples of personal property include things like furniture and art.
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________ growth makes sense when good opportunities can be found outside the present businesses.
Diversification growth makes sense when good opportunities can be found outside the present businesses. Diversification implies bringing down your gamble by spreading cash across and inside various resource classes, like stocks, bonds and money.
What does Diversification means?Diversification is a corporate methodology to go into another items or product offerings, new administrations or new business sectors, including significantly various abilities, innovation and information.
In effective money management, diversification is the demonstration of putting an in a wide range of resources. Diversification means to lessen the general gamble of a speculation portfolio without decreasing the bring likely back.
Diversification is a strategy that lessens risk by designating ventures among different monetary instruments, enterprises and different classes. It expects to boost return by putting resources into various regions that ought to each respond diversely to changes in economic situations.
Therefore diversification alludes to the improvement of new items and administrations that are like the ones you as of now sell.
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How should the wages of a sheet metal worker in a fabrication plant be classified? multiple choice 1
A. product cost
B. period cost
C. nonmanufacturing cost
D. administrative cost
The wages of a sheet metal worker can be classified to be product cost.
What is meant by product cost?This is the term that is also used to refer to the cost of production. This is a term that helps to tell us of the cost that a person may have to incur when they are to produce a good or to create a service.
The sheet worker is being paid for the services that he renders ion the production of the good. So this is the product cost.
Hence we can say that The wages of a sheet metal worker can be classified to be product cost.
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A payday loan company charges 3.8 percent interest for a two-week period. what would be the annual interest rate from that company?
By multiplying the two-week interest rate (0.052) by the number of interest periods in the year (in this case, 52/2, or 26), one can determine the yearly interest rate. The result of multiplying 26 by 0.052 is 1.352, or an annual interest rate of 135.2%.
What is annual interest?The term "annual interest rate" refers to the interest rate that is imposed year-round. Among other time periods, interest rates may be imposed on a monthly, quarterly, or biennial basis. However, interest rates are typically annualized.
For instance, the effective yearly interest rate for a loan with a stated interest rate of 30% and monthly compounding would be 34.48%. Banks often promote the 30% advertised interest rate rather than the 34.48% effective interest rate.
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Workplace health and safety education programs should be directed toward which employees?
Occupational health and safety education programs should be directed to all employees including supervisors, managers and senior staff.
Occupational safety and health aim as guidelines, programs and practices that maintain the safety, welfare and health of workers. The ultimate goal of any safety and health program can be defined as a way to provide the safest working environment and minimize the possibility of injury, accident and death in the workplace.
Health and safety are important in the workplace because it includes the health and safety of everyone who works for you as well as your customers, visitors and suppliers. It may cost money and time at the start to implement safe practices and install safety equipment, but it is critical to the success of your business.
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