Answer:
Although some detractors of the discipline contend that economics does not meet the criteria of a science due to a variety of factors, including a lack of testable hypotheses, a lack of consensus, and inherent political undertones, the field is usually accepted as a social science. Despite these objections, all social sciences combine qualitative and quantitative elements, and economics is no exception.
Explanation:
Economics is concerned with the operation and conduct of an economy and its actors. Economics is the study of the production, distribution, and consumption of products and services by people and corporations. The distribution of resources by firms and governments to meet the demands and needs of customers is another issue covered by economics.
The study of the efficiency surrounding production and the exchange of products as a result of incentives and policies that are intended to maximise efficiency is one of the main areas of concentration in economics.
Macroeconomics, which is concerned with the whole economy, is one of the two areas into which economics is traditionally divided. The second group is microeconomics, which is concerned with particular customers and companies.
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16-3B Job Cost Sheet
The exact costs of a job are listed on a job cost sheet. Typically, it contains the customer's name, address, job number, job description, start and end dates, as well as an anticipated completion date. During production, the costs for the job are noted on the sheet.
How is job costing calculated?Direct materials plus direct labor plus applied overhead equals the total job cost.
Calculated Overhead Rate = Calculated Overhead / Calculated Activity
Direct materials plus direct labor plus applied overhead equals the total job cost.
Does the cost sheet include bank fees?It always relates to sales and is therefore included in cost of sales. Bank fees are an expense but also contribute to finance costs. therefore, a tangential administrative overhead.
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A listing agreement establishes a fiduciary relationship between a
Answer: The listing agreement creates an agency and fiduciary relationship between the seller and the broker.
Explanation: The relationship with the seller being the principal and the broker as his agent. The broker generally has salespeople working for her to provide the services, consisting mainly of finding buyers for the property. However, the salespeople work for the broker and not the seller. Only the broker represents the seller.
A listing agreement establishes a fiduciary relationship between - Broker and principal (Seller).
What does a listing agreement's main objective?
An employment contract between a real estate broker and a property owner is known as a listing agreement. It gives the broker the ability to act as the seller's listing agent and find a buyer who will buy the house on their conditions. A listing agreement essentially gives your real estate agent the go-ahead to find a buyer for your home.
Agency connections are established through written contracts. An agreement known as a listing agreement establishes the connection between a broker and a seller. A purchaser agency agreement establishes the connection between a broker and a buyer. No agency relationship is established by a sales agreement; it is between a buyer and vendor.
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During December, Acme, Inc., performed and billed its customers $27,000 for services on account of which it collected $9,000. How much revenue should Acme record in December?
The amount of revenue that should be recorded by Acme Inc, given the amount billed to customers is $ 27, 000.
How much should be revenue ?Revenue is the amount that a company recognizes when they sell goods or provide services. As per the Accrual basis, this amount is to be recognized even when the cash has not been paid so long as the services have been given or the goods provided.
The revenue that Acme Inc would then need to recognize is the amount that it billed its customers on account which is $ 27, 000.
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As indicated in the topic all this government agencies required for a mandatory membership for employed individuals. In your own opinion is it necessary to mandate employees to pay contributions to these agencies? Why or why not?
In India, it is illegal for a government worker to operate a company.
What do you think of as business?A person is conducting business when they create goods or render services with the goal of making a profit. Business Definition. A creative team or group that works on commercial projects is called a firm. They might be commercial, industrial, or of another kind.
What precisely is business?A corporation's nature identifies the organization's type and primary objectives. It details the company's organizational structure, sector, range of goods and services, as well as each action done to achieve its objectives. It perfectly captures both the issue facing the business and the key features of what it has to offer.
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Which outcome is the most likely result of the government lowering taxes on a particular good?
A. Supply of the good will increase
B. Demand for the good will remain the same
C. Demand for the good will decrease
D. Supply of the good will decrease
Answer: A. Supply of the good will increase
Explanation: Lowering taxes on a particular good makes it less expensive for producers to manufacture and sell it. As a result, the producers can make more of the good because they can do so more profitably with the lower taxes, which in turn increases the supply of the good. This is the basic concept of the law of supply: the higher the price of a good, the more of it producers will be willing and able to supply, and the lower the price, the less they will be willing and able to supply. In contrast, demand is driven by the price of the good as well as other factors such as consumer tastes, needs, and preferences, income, and availability of substitutes. Lowering taxes does not directly affect demand for the good.
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An insurance company is being monitored by state authorities. These types of quarterly checks are mainly done to _____.
check for maximum contract limits
assess solvency
ensure reserve requirements are being met
prevent fraud
An insurance company is being monitored by state authorities. These types of quarterly checks are mainly done to assess solvency. The Option B is correct.
Why are insurance company solvency monitored?To reduce risks, insurance companies must maintain a minimum solvency ratio of 1.5, according to regulatory requirements. The required value for solvency margin is 150%.
The solvency margin is the amount of capital that companies must keep aside in addition to the claim amounts that they are likely to incur. In extreme situations, it serves as a financial backup, allowing the company to settle all claims.
The solvency ratio, which insurance companies declare every quarter, reflects their ability to keep their promise of a sum assured in the event of a calamitous event.
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One of the highest-paying career groups where being knowledgeable is a key job skill is what classification?
a
professional
b
certified
c
certificated
d
service
Professionals are one of the highest-paying career groups, and knowledge is a crucial job qualification in this category.
Who are Professionals?
A person who engages in a specific professional activity or a member of a profession is both considered professional. The phrase also refers to the requirements for education and training that give professionals the precise knowledge and abilities required to carry out their particular roles within that profession. Additionally, the majority of professionals are bound by strong codes of conduct that establish high standards of morality and ethics. A given field's professional standards of conduct and ethics are often established and upheld by well-known professional bodies, such as the IEEE.
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Shared negative feelings in a group can positively influence task performance when they stem from ________. However, shared negative feelings can hinder performance in a group when they stem from ________.
Shared negative feelings in a group can positively influence task performance when they stem from social category diversity. However, shared negative feelings can hinder performance in a group when they stem from informational diversity. Thus the correct option is B.
What is a group?A group is referred to as a collection of poele come together to form a relationship or connection with each other. These groups mainly form to perform collaborative activities to achieve something.
Shared feelings can both affect the performance of the team positively and negatively. It helps in information exchange as well as gives rise to conflict as well due to disagreement.
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The complete question is probably
Shared negative feelings in a group can positively influence task performance when they stem from ________.However,shared negative feelings can hinder performance in a group when they stem from ________.
A)perceptual distance; job involvement
B)social category diversity; informational diversity
C)team structure; process shifts
D)a source outside of the team; a source inside the team
Which product is an athlete more likely to endorse?
A.
wine
B.
fast food
C.
sports drink
D.
tobacco products
Which of the following decreases when credited?
Revenue
Inventory
Wages payable
Loans payable
Money and Banking HW #1
Is this correct?
I would appreciate a response at your earliest convenience.
In addition to money which is a financial asset, people also hold stocks and some other assets called bonds, stocks unlike money represent part ownership. The solution is correct
What are financial assets?A financial asset is a non-physical item, such as a bank deposit, a bond, or a stake in a company's capital, that derives its value from a contractual claim. Generally speaking, financial assets are more liquid than other types of tangible assets, such commodities or real estate.
The term "bond" refers to a type of security in finance where the issuer (debtor) owes the holder (creditor) a debt and is required, depending on the terms, to provide cash flow to the creditor (e.g., repay the principal (i.e., amount borrowed) of the bond at the maturity date as well as interest over a specified amount of time).
In the world of finance, stock (sometimes known as capital stock) refers to all of the shares that constitute a corporation's or company's ownership.
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Higher education typically has a positive return on investment because
many of the classes you will take will help you see the world in a new way
jobs and careers that require a degree or certificate generally earn higher
salaries
you can earn credits over the summer and finish school early
you will form some long lasting friendships that will have a positive impact on
your life
Over the course of your career, the salary that will earn with such a degree will cover your college expenses. To pay for postsecondary education, you can seek grants and scholarships.
What 3 categories of scholarships are there?Merit-based scholarships, demand scholarships, & athletic scholarships are typical types of college financial aid.
How do I become a full scholarship winner?full-ride financial aid for education: Have the highest GPA in your class, enroll in AP and honors courses, and achieve perfect (or really near to flawless) SAT as well as ACT scores. Having leadership qualities or community involvement is advantageous in addition to academic achievement (see below).
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Use the internet to research one manufacturing, one retail (or merchandising), and one service business. For each business, describe the following: the primary purpose of the entity. the types of activities that accountants would record (hint: what is the source of the business’ funding, and what costs might the business have?) the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process.
Users of financial statements are primarily served by accounting information by providing them with financial and economic data about a corporation.
What is the primary activity of an accountant?Creating and keeping up with significant financial reports. preparing tax returns and ensuring timely and accurate payment of taxes. assessing financial operations in order to make recommendations for best practices, spot problems and develop solutions, and aid organizations in functioning effectively.
The service industry includes accounting. Its purpose is to provide quantitative data on economic entities, primarily of a financial (financial) nature (money) that can be used to help with decisions about the economy.
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Businesses and Marketers need to continually and fully investigate their:
It informs customers about your goods or services, educates them, and influences their purchasing behavior.
Who work in marketing?A marketer is still a person who advertises the goods and services of a company. They identify the tactics that can increase sales and income while making sure that these tactics are in line with both customer and market need.
A marketer's function is what?The task of marketing a business and the goods and services it offers falls on marketers. Marketing professionals often plan and carry out both inbound and advertising programs that increase brand recognition and employ marketing strategies to persuade customers to buy from a business.
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Task 3: Sources of Financing
Evaluate on the following points.
At what point in your projections will you need outside capital, and how much?
What sources will you use to finance your company?
Type your response here:
is the answer Answer:
the answer
Explanation:
This graph which combines the characteristics of a stacked bar chart and a line chart shows changes in car/truck production
The data from the chart shows that in vehicle production, trucks SUV's have become an important part of the market. Option C is the correct answer.
What is production?Production is the process of mixing multiple inputs, both immaterial (such as plans or information) and material (such as metal, wood, glass, or polymers). In a perfect world, this output would be a product or service that is useful to people and has value. Production theory is the branch of economics that concentrates on production; it is closely related to the consumption (or consumer) theory of economics.
The production or manufacture of commodities depends on the demand for such goods.
An increase in the market demand for trucks will hereby bring about an increase in the manufacture of trucks too.
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This graph, which combines the characteristics of a stacked bar chart and a line chart, shows changes in car/truck production. Which conclusion is best supported by the data in the chart?
a) consumers have always preferred trucks to cars.
b) manufacturers think sedans and wagons are a growing market
c) Trucks SUV's have become an important part of the market.
d) Truck manufacturers make more money than car manufacturers.
write the relation between product and demand curve.
Answer:
The demand curve is a graphical representation of how much of a good or service people are willing and able to purchase at different prices.
Explanation:
What is the main purpose of insurance?
A. To eliminate all risks
B. To identify which risks you face most
C. To protect you against risk
D. To help you pay for things you cannot afford
Its goal is to reduce monetary uncertainty and make accidental loss manageable. It does this substituting charge of a small, regarded fee—an insurance premium—to a expert insurer in trade for the assumption of the risk a large loss, and a promise to pay in the tournament of such a loss
What is the cause of insurance and chance management?It involves taking steps to decrease the likelihood of things going wrong, a thought acknowledged as loss control. It also entails the purchasing of insurance to reduce the economic influence of unfavorable occasions on a business enterprise when, in spite of your first-class efforts, bad matters happen.
Pay for urgent clinical expenses to save the existence of an insured individual if that is needed. Meet an insured person's debts and different financial commitments in the match of death.
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An effective technique to introduce your company's goals and pique interest in your goods or services is through an elevator pitch. A compelling pitch will draw in potential.
Product: What does that mean?The object being sold is referred to as a product. A service or even an object both qualify as products. It might take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price.
Is a remedy a thing?The easiest way to distinguish between a product and a solution is to say that a product is what you have made and what it is capable of. A business outcome who offers your clients quantifiable value is a solution.
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Select the correct answer from each drop-down menu.
Which sector dominates developed economies such as the United States?
In developed economies such as the United States, the
sector dominates the economy, Examples include legal firms,
v , and so on?
A highly developed and technologically advanced services sector makes up around 80% of the U.S. economy's output. The American economy is dominated by service based enterprises in industries including technology, banking, healthcare, and retail.
Which industries predominate in developing nations?In emerging nations compared to developed nations, the primary sector typically makes up a bigger share of the GDP.
What can be done by the government to boost the economy?The total amount that businesses and individuals must spend, or the overall supply of cash in the economy, can be altered by taxation as well as government spending. In a downturn, either increasing spending, lowering taxes, or doing both is the wisest course of action.
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Consider an economy which produces and sells, among a host of other things, 100 million T‑shirts a year. The average T‑shirt begins life when a farmer plants seeds she put away last year, waters them, and harvests the cotton, then sells the cotton to a mill for $0.75, which sells the fabric to a T‑shirt factory for $1.50, which sells its T‑shirts to a wholesaler for $5, who sells it to Nordstrom for $10, which finally sells it to you for $17. Determine the impact of T‑shirts on annual GDP by calculating the value added of the entire production process.
The impact of T‑shirts on annual GDP by calculating the value added of the entire production process is $1,625,000,000.
How do you determine the added value?The value added of the entire production process for T-shirts can be calculated by summing the value added by each stage of the production process.
Value added by the farmer = $0.75 (sale of cotton to mill)
Value added by the mill = $0.75 (sale of fabric to T-shirt factory) - $0.75 (cost of cotton from farmer) = $0
Value added by the T-shirt factory = $5 (sale of T-shirts to wholesaler) - $1.50 (cost of fabric from mill) = $3.50
Value added by the wholesaler = $10 (sale of T-shirts to Nordstrom) - $5 (cost of T-shirts from factory) = $5
Value added by Nordstrom = $17 (sale of T-shirts to customer) - $10 (cost of T-shirts from wholesaler) = $7
Therefore, the total value added by the entire production process is $0.75 + $0 + $3.50 + $5 + $7 = $16.25
The impact of T-shirts on annual GDP is $16.25 * 100 million T-shirts = $1,625,000,000.
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A 10 percent increase in income allows Eileen to go out for dinner now 6 instead of 5 times a month. Her income elasticity of demand for dining out is:
With a 10% boost in income, Eileen can now have supper out six times per month as opposed to only once. Her demand for eating out is 1.0 income elastic.
when a 4% rise in quantity requested of a good results from a 10% increase in income?The good is a typical good, and the income elasticity is 0.4. Because demand increases as income increases, the good is a typical good.
What is the formula used to determine the demand elasticity of income?Income elasticity of demand is calculated using the following formula: income elasticity of demand = (percent change in quantity demanded/percent change in income).
when a 3�crease in the amount requested of a good results from a 5% rise in income?The good is a subpar good, and the income elasticity is 0.6.
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Read the case, Asahi Glass Company (HBS), and the assigned article, From Competitive Advantage to Corporate Strategy (Canvas Files). Respond to the following question:
What should AGC do with its electronics business in 1993?
According to the Corporate Strategy Canvas, AGC's electronics business was a low performer in terms of profitability and strategic fit compared to its other businesses. This suggests that the company would be better off divesting or spinning off this business and focusing its resources on its core glass and chemicals sectors.
Therefore, AGC should consider divesting or spinning off its electronics business in 1993 to focus on its core glass and chemicals businesses, which were growing and had higher profit margins. This would have allowed AGC to allocate its resources more effectively and increase its overall profitability.
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In your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your:
Group of answer choices
turnover.
point-of-sale.
rate of return.
return on interest.
In your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your: rate of return. Option C
What is meant by the rate of return?The percentage change in an investment's value is represented by the yearly rate of return. For instance, if you estimate a 10% annual rate of return, you're anticipating that your investment's value would rise by 10% annually.
By dividing the total gain or loss at the end of the year by the initial investment made at the beginning of the year, the annual rate of return is determined. The annual rate of return or nominal annual rate are other names for this approach.
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write the difference between crucial aming get profit maximization and sharing the market
A marketing plan
analyzes the need for marketing in a command economy
identifies a business challenge
estimates costs to run a business
creates a roadmap for the overall business
A marketing plan is used by businesses as a strategic road map to plan, implement, and track their marketing strategy over a set period of time.
Which principles underpin marketing?To meet the demands of your clients, marketing involves organizing and carrying out the development, pricing, distribution, and advertising of products and services. Marketing's main objective in attracting new customers and keeping existing ones is to provide value to them.
What in marketing is most crucial?The most crucial and ongoing task for any marketer is to understand their target audience. It's important to record what you've discovered about your consumer over the year, even though it's something you should work on every day of the year.
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Zero coupon bonds are _____. (Select all that apply.)
bonds that do not generate a return until maturity
5- or 10-year bonds
tax exempt
obtained at a steep discount
Zero coupon bonds are bonds that do not generate a return until maturity. Thus, the correct answer is option A.
What are zero coupon bonds?Zero coupon bonds do not pay interest during the term of the bond. Rather, investors purchase zero coupon bonds at a significant discount to their face value, which is the amount the investor will receive when the bond "matures" or comes due.
Some bonds are issued as zero-coupon instruments from the start, whereas others become zero-coupon instruments after a financial institution strips the coupons and repackages them as zero-coupon bonds. Zero-coupon bonds tend to fluctuate in price much more than coupon bonds because they provide the entire payment at maturity.
Therefore, bonds that do not generate a return until maturity are called zero-coupon bonds.
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21/25
What is a health insurance copay?
A health insurance copayment The portion of the amount due that the policyholder is required to pay out of pocket under a health insurance plan is known as a co-pay (co-payment).
What does copay in medical insurance mean?
A co-pay provision in a health insurance policy states that the insured will be responsible for paying a certain percentage of any incurred medical costs. When filing a claim, the policyholder often pays a specified percentage of the total claim amount.
What is a copay of $25?
A copay, also known as a copayment, is the set amount you must pay at the moment of treatment for medical care. For instance, you might be required to pay a $10 charge for each monthly prescription and a $25 copay each time you visit your primary care physician and a $250 copayment for an ER visit.
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All of the following are essential professional skills and personality traits except
negotiation
patience
problem-solving
self-assertion
Answer:
Well I'm pretty sure the answer is A: Negotiation bc it means to achieve something hope it helps :)
Explanation:
A
Valerie set up a social organization
Valerie promoted her non-profit organization by means of public service announcements. These are not used to promote a product or service but rather to raise public awareness of a cause or mission.
What are the various types of social organization?There are two broad categories of social organizations: those that originate from members' free and voluntary associations and those that originate from members' kinship. It is possible to provide a brief analysis of a few of these organizations.
Why is social organization important?For professionals working in the fields of prevention, intervention, and program development, social organization serves as a number of compass points. Social networks, social capital, and community capacity the three main components of social organization—represent adaptable aspects of family and individual life.
Question is incomplete
Valerie set up a social organization (non-profit) to help people who had suffered losses because of hurricanes. She decided to release a series of television advertisements to create awareness about her cause and to request donations for helping the victims. What kind of marketing did Valerie use for her NGO? Valerie used to spread awareness about her NGO.
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