Economic resources that are owned or controlled by a company is asset. Economic resources are elements that are utilized to create goods or services for use or consumption. The Economic resources are sometimes referred to as production inputs. Money is just one form of the economic resource; there are others as well.
Some the economists use production components of land, capital, and entrepreneurship define economic resources. The six elements are also included in concept in other economic theories they are land, capital, information, corporate reputation, and ownership risk. Although all company need economic resources, how they employ those resources varies.
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Identify the practices that help entrepreneurs achieve success in crowdfunding.
Crowdfunding is the practice of using small donations from a large number of people to fund a business that would not otherwise be possible. By gaining the required cash flow boost, these ventures can get off the ground or start new campaigns.
The majority of these campaigns take place on online platforms, have time limits for raising funds, and disclose specific monetary goals. Crowdfunding occurs when a "crowd" rather than one or two major investors funds a project or the business.
Crowdfunding is divided into four categories: rewards, donations, debt, and equity. To run a successful crowdfunding for the campaigns.
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What is the primary hazard or significant drawback ofa permanent team
Drawback of a permanent team: Decreased innovation/ Lack of latest ideas-
while an worker focuses n the wellbeing in their crew and neglect to carry out their personal innovative thoughts to the desk.
Permanent teams- these groups carry out on a everlasting basis and aren't dissolved as soon as the challenge is done.teams may be divided into 4 important businesses: mission groups, self-controlled groups, digital groups, and operational groups. What type of team you have got relies upon on its purpose, region, and organizational structure.
Dangers encompass challenges with digital groups can lie in communication, terrible leadership/control and incompetent crew individuals.Confidentiality is hard to achieve as personal knowledge is shared with the organization. companies do now not fully aid institution paintings as they are no longer clear approximately its usefulness. group paintings often degenerates into games and a laugh neglecting the remedy procedure.
Four unique forms of groups:
1: purposeful teams. functional teams are permanent and consist of individuals of the equal branch with special obligations.
2: cross-functional groups. go-purposeful teams are made of people from numerous departments.
3: Self-controlled teams.
4: virtual groups.
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6. Corinne has just gotten her first job and wants to apply for her first credit card. Based on what you have learned in this unit, what advice can you give Corinne? Your response should include the following information:
-What Corinne should do before applying for the credit card
-Which elements of the credit card agreement Corinne should focus on once her application is accepted
-What Corinne should do in order to best manage her credit
-The potential downsides of having a credit card
The things that Corinne should do before applying for the credit card include:
See what the fee includes.Make sure the rewards align with your spending habits. Time the sign-up bonus appropriately.What are credit cards?Credit cards gives one a line of credit that can be used to make purchases, balance transfers and cash advances and requiring that you pay back the loan amount in the future.
The things that she should focus on include:
Practice responsible spending.
Choose a credit card payment plan.
There should be an emergency fund.
The thing that Corinne should do in order to best manage her credit include building a budget and paying the credit card bills at the appropriate time.
The potential downsides of having a credit card are:
Paying high rates of interest.
Credit damage.
Credit card fraud.
Cash advance fees and rates.
Annual fees.
Credit card surcharges.
Other fees can quickly add up.
Overspending.
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Adjustment for unearned revenue on august 1, 20y1, newhouse co. received $39,670 for the rent of land for 12 months. journalize the adjusting entry required for unearned rent on december 31, 20y1. round your final answer to the nearest dollar amount. if an amount box does not require an entry, leave it blank
Cash A/c (debit) 39670
To unearned rent A/c (credit) 39670
What is unearned revenue?
Unearned revenue is money that a person or company receives in exchange for a good or service that hasn't yet been provided or performed. It might be considered a "prepayment" for goods or services that a person or company anticipates offering the customer later.
How do you record unearned revenue?
Unearned income should be recorded in your diary as a debit from the cash account and a credit to the unearned income account. This journal entry demonstrates that the company has received payment in cash for a service, but it was obtained on credit as a down payment for upcoming deliveries of goods or delivered services.
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The marginal benefit curve is:
Answer:
the demand curve is the marginal benefit curve.
Explanation:
The maximum amount of other goods and services. they are willing to sacrifice for one more unit of the good.] Therefore, the demand curve is the marginal benefit curve. Consumer Surplus. When an individual pays less than his or her marginal benefit.
Create a project justification for Global Treps Running Case. Prepare a business case for the Global Treps project. Assume that the project will take six months to complete, use many volunteer hours, and cost about $130,000 for hardware, software, travel, and labor. Use the business case template provided on the Companion website for this text. Be sure to research information on the television show and events held by colleges and other groups, which have been sparked by the need for more successful entrepreneurs. Also visit DonorsChoose.org to see how that site operates and look into steps for forming a non profit organization.
It should be noted that a business case gives justification for undertaking a project or portfolio.
What is a business case?It should be noted that business case evaluates the benefit, the cost and risk of alternative options and gives a rationale for the preferred solution.
When writing a business case, it's important to always define the scope and include an executive summary, detailed information about finances, as well as.an overview of the project's structure.
Every member of the project team should contribute to the business case and the business case should be concise and only include relevant information
In conclusion, the business case provides decision makers, stakeholders and public for evidence based and transparent decision making.
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Complete question:
You and your team are continuing your work on the Global Treps Project. Your project sponsor, Dr. K. has asked you to refine the existing cost estimate for the project so you can evaluate supplier bids and have a solid cost baseline for evaluating project performance. Recall that your schedule and cost goals are to complete the project in six months for under $120,000. You planned to use up to $50,000 total to pay yourself and your team members, and your initial estimates were $30,000 for travel expenses, $20,000 for hardware and software, and $20,000 for organizing four events, including consultants, legal/business fees, etc.
A job shop is an example of a(n): line process. intermittent process. specialized process. continuous process. repetitive process.
A job shop is an example of an intermittent process.
An intermittent process is one in which manufacturing facilities are periodically shut down and reset to produce slightly different products before resuming production. Intermittent processes are used in intermittent systems that make things only when the buyer needs or orders them.
Production is not the same every day. Products are typically manufactured on a microscale, and industrial processes are not continuous, making them intermittent processes. Products developed through this process come in a wide variety of types, designs, and dimensions. This is considered a flexible system.
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The ability to capture and analyze all customer interactions, generate appropriate responses, and gather data to create and build effective and efficient marketing campaigns is known as contact management. Group of answer choices True False
TRUE, The ability to capture and analyze all customer interactions, generate appropriate responses, and gather data to create and build effective and efficient marketing campaigns is known as contact management.
A contact manager is a software program that allows users to easily store and retrieve contact information such as names, addresses, and phone numbers. These are contact-centric databases that provide a fully integrated approach to tracking all contact-related information and communication activity.
Contact management is the process of storing and tracking data about customers and leads. In addition to providing quick access to customer data, investing in contact management can help grow and diversify your customer base.
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marquis suites shows movies in a living room atmosphere with comfortable chair and food and beverage service it deliverately chares more than otehr theaters for ths ecpierence
The different pricing strategies are matched with the best scenarios below.
What are pricing strategies?When selling a product or service, a company can employ a number of pricing tactics. Senior executives must first assess the company's price position, pricing segment, pricing capacity, and competition pricing reaction strategy before determining the most successful pricing strategy for the company.The scenario to the strategy it best illustrates is shown below:
1. When the Mays family went to Europe, they used a travel agent who worked out a trip that included airfare, hotels, and some tours all for one price.
Most Suitable Pricing Strategy: Bundling
2. Marquis Suites shows movies in a "living room" atmosphere with comfortable chairs and food and beverage service. It deliberately charges more than other theaters for this experience.
Most Suitable Pricing Strategy: Competition-based pricing
3. Chad is a do-it-yourself guy. He shops at Home Depot because, although they don’t usually run sales, he knows the store will offer the lowest price around on the tools he needs.
Most Suitable Pricing Strategy: Everyday low pricing (EDLP)
4. A major national retailer charges "full retail" for most of the lines it carries but runs "special sales" during which the company lowers its price.
Most Suitable Pricing Strategy: High-low pricing
5. When Walmart enters a new geographic area, the company undersells its more well-established competitors and eventually raises its prices once it has a loyal customer base.
Most Suitable Pricing Strategy: Penetration pricing
6. When Aaron was looking for mortgage lenders, he noticed that one major lender lowered their rates, and several others did the same within a few days.
Most Suitable Pricing Strategy: Price leadership
7. Larry Dietzel, a real estate agent, advised his clients to price their home at $199,900 when they listed with his agency.
Most Suitable Pricing Strategy: Psychological pricing
8. Overture Audio home theater systems can run as high as $100,000 but there are only a few companies offering the systems.
Most Suitable Pricing Strategy: Skimming price
9. Toyota’s approach to entering the U.S. market was to set a certain net profit margin, then determine what price the company had to offer to get Americans to buy its cars instead of domestic cars.
Most Suitable Pricing Strategy: Target costing
Therefore, the different pricing strategies are matched with the best scenarios.
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Complete question:
Decisions about pricing strategies should be set in conjunction with other marketing decisions about product design, packaging, branding, distribution, and promotion. All these marketing decisions are interrelated. Prices must be related to the cost of producing the product and prices are usually set somewhere above cost. But price and cost aren't always related. There are three major approaches to pricing strategy: cost-based, demand-based (target costing), and competition-based. Other pricing strategies include skimming price strategy, penetration strategy, everyday low pricing (EDLP), high-low pricing strategy, bundling, psychological pricing, and demand-oriented pricing. Match each scenario to the strategy it best illustrates.
1. When the Mays family went to Europe, they used a travel agent who worked out a trip that included airfare, hotels, and some tours all for one price.
2. Marquis Suites shows movies in a "living room" atmosphere with comfortable chairs and food and beverage service. It deliberately charges more than other theaters for this experience.
3. Chad is a do-it-yourself guy. He shops at Home Depot because, although they don’t usually run sales, he knows the store will offer the lowest price around on the tools he needs.
4. A major national retailer charges "full retail" for most of the lines it carries but runs "special sales" during which the company lowers its price.
5. When Walmart enters a new geographic area, the company undersells its more well-established competitors and eventually raises its prices once it has a loyal customer base.
6. When Aaron was looking for mortgage lenders, he noticed that one major lender lowered their rates, and several others did the same within a few days.
7. Larry Dietzel, a real estate agent, advised his clients to price their home at $199,900 when they listed with his agency.
8. Overture Audio home theater systems can run as high as $100,000 but there are only a few companies offering the systems.
9. Toyota’s approach to entering the U.S. market was to set a certain net profit margin, then determine what price the company had to offer to get Americans to buy its cars instead of domestic cars.
A. Psychological pricing
B. Bundling
C. Target costing
D. Penetration pricing
E. High-low pricing
F. Competition-based pricing
G. Price leadership
H. Skimming price
I. Everyday low pricing (EDLP)
As a percentage of u.s. gdp, today exports are _________ and imports are _______ than they were in 1950.
a. lower, lower
b. higher, higher
c. lower, higher
d. higher, lower
As a percentage of U.S GDP, today exports are higher and imports are lower than they were in 1950.
Option D. higher, lower.
In 2020, exports of goods and services from the United States accounted for approximately 10.13% of gross domestic product (GDP). This is up from his 9.25% of US GDP in 1990.
When a country exports goods, it sells them to foreign markets: consumers, businesses, or governments in other countries. These exports bring money to the country and increase the GDP of the exporting country.
US exports of goods and services (based on national income) account for approximately 14% of the US GDP. In recent years, the United States has: We export more services abroad than we import.
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A zero coupon bond: Group of answer choices is sold at a large premium. has a market price that is computed using semiannual compounding of interest. can only be issued by the U.S. Treasury. has less interest rate risk than a comparable coupon bond. has a price equal to the future value of the face amount given a positive rate of return.
zero coupon bond equal to the future value of the face amount given a positive rate of return.
Bond with No Coupon 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 would get when the bond "matures" or comes due.
What is Zero coupon bonds?A zero-coupon bond, also known as an accrual bond, is a debt security that does not pay interest but instead trades at a steep discount, yielding a profit when redeemed for its full-face value at maturity.
A zero-coupon bond is a type of debt asset that does not pay interest.Zero-coupon bonds trade at steep discounts and pay full face value (par) at maturity.The difference between the purchase price and the par value of a zero-coupon bond represents the investor's return.What is the difference between regular bonds and zero-coupon bonds?Regular bonds, commonly known as coupon bonds, pay interest over the life of the bond and reimburse the principle when it matures. A zero-coupon bond, also known as an accrual bond, is a debt security that does not pay interest but instead trades at a steep discount, yielding a profit when redeemed for its full-face value at maturity.
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In Year 8, Emil Gow won $5,000 in a state lottery. Also in Year 8, Emil spent $400 for the purchase of lottery tickets. Emil elected the standard deduction on his Year 8 income tax return. The amount of lottery winnings that should be included in Emil's Year 8 taxable income is
The amount of lottery winnings that should be included in Emil's Year 8 taxable income is: $5,000.
What is taxable income?Taxable income can be defined as the income that are reduce by tax or other deduction.
Since we were told that the amount of $5,000 was won in the state lottery, which means that the amount of lottery winnings that should be included in Year 8 taxable income is will be the total or the whole amount of the gambling winnings which is $5,000.
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A member of the Scrum Team does not want to participate in the Sprint Planning event and considers it a waste of time. What should the Scrum Master do first?
You'll need to work with him one-on-one to assist him to internalize the scrum ideas and concepts. Focus on the areas in your sprint planning where he can make a difference; emphasize how the team needs and appreciates his help. " This is further explained below.
What is sprint planning?Generally, Scrum's sprint planning is the first step of a new sprint. Sprint planning is concerned with determining what can be accomplished in a sprint and how it can be done.
In conclusion, You'll need to work with him one-on-one to help him internalize the scrum culture's core values and concepts as he learns them. Focus on the areas in your sprint planning where he can make a difference; emphasize how the team needs and appreciates his help.
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Which marketing era refers to the time period from our country's first settlers through the early 1900s?
Production era; refers to the time period from our country's first settlers through the early 1900s. (1860-1930) Due to the scarcity of products, consumers made do with whatever was produced.
More about the Production era:
The Industrial Revolution marked the start of the production era. Products were mass-produced and affordably priced. Businesses often only made one product at a time. Businesses also had the attitude that "if created, someone would buy" at this time, which increased profitability. Businesses could sell everything they made given the prevailing market.
The period from the end of the American Civil War and the 1920s, when reducing production costs was the top priority for many businesses. The emphasis on customers, service, and profit defined the marketing concept era.
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Under a system of floating exchange rates, changes in the value of the U.S. dollar relative to other currencies are the result of
Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will cause its imports to rise.
What are floating exchange rates?A floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which the value of a currency is permitted to fluctuate in reaction to foreign exchange market occurrences. A floating currency is one that uses a floating exchange rate, as opposed to a fixed currency, the value of which is determined in terms of material items, another currency, or a group of currencies (the idea of the last being to reduce currency fluctuations).When the international value of a country's currency rises, so do its imports, and vice versa.As it is given in the description itself, when the international value of a country's currency rises, so do its imports, and vice versa.
Therefore, Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will cause its imports to rise.
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The question you are looking for is here:
Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will ____.
A project budget report is showing our project as spending $35,000 against a budgeted amount of $40,000. Which of the following is true
From the above information, it is true that the company is running a budget deficit.
What is budgeting?Budgeting is the process of planning for an allocating resources efficiently and effectively.
A budget deficit is when the expended amount is above the budgeted figure.
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Storage and handling expenses as well as property taxes and insurance are all examples of ________ costs.
Storage and handling expenses as well as property taxes and insurance are all examples of inventory carrying costs.
What are the inventory carrying costs?The entire cost of keeping unsold products in inventory includes all storage-related costs. The total covers warehousing expenses as well as intangibles like depreciation and lost opportunity cost. Typically, a company's carrying costs for inventory range from 20 to 30 percent of its total inventory expenditures.
Carrying cost, carrying cost of inventory, or holding cost are all terms used in marketing to describe the overall expense of retaining goods. This covers warehousing expenses like rent, utilities, and salaries as well as financial outlays like opportunity costs and expenses for perishable, shrinkable, and insured goods.
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_____ is a term used by evolutionary psychologists to denote the amount of time and effort men or women must devote to parenthood.
Parental Investment is a term used by evolutionary psychologists to denote the amount of time and effort men or women must devote to parenthood.
Parental investment in offspring (as first described by Robert Trivers) sacrifices a parent's ability to invest in other offspring (current or future siblings), at the expense of that offspring's chances of survival and reproduction. It is an investment by parents that enhances
For birds, for example, during the egg stage, a parent's investment includes incubating the eggs and protecting the nest from potential predators. This stage is called hatching) and the continuation of the nest
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Ncic operates under shared management between the _____ and the _____ in each state.
NCIC operates under a shared management concept between the FBI and federal, state, local, and tribal criminal justice users under provisions of the Federal Advisory Committee Act of 1972.
The NCIC is a computerized database of documented criminal justice information available to law enforcement agencies nationwide. NCIC also prompts disclosure of information in the system from other criminal justice agencies about crimes and criminals.
This information assists authorized agencies in criminal justice and related law enforcement objectives, such as apprehending fugitives, locating missing persons, locating and returning stolen property, as well as in the protection of the law enforcement officers encountering the individuals described in the system.
Data contained in NCIC is provided by the FBI, federal, state, local and foreign criminal justice agencies, and authorized courts. Users access the NCIC computer located at FBI headquarters through regional or State computer systems or with direct tie-ins to the NCIC computer. The data is stored in 12 files: article, boat, Canadian warrant, gun, interstate identification index, license plate, missing person, securities, U.S. Secret Service Protective, unidentified person, vehicle, and wanted person.
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When the economy was expanding in early 2007, fewer than _______ percent of the unemployed had been jobless for more than 6 months.
When economy was expanding in early 2007, fewer than 20 percent of the unemployed had been jobless for more than 6 months. Because it shows whether or not employees can find gainful employment and contribute to the economy's productive output, unemployment is a crucial economic statistic.
More unemployed workers equate to lower overall economy output. People who quit the labor for reasons including retirement, higher education, and disability are not included in the definition of unemployed. When someone actively seeks job but is unable to do so, this is referred to as being unemployed. One important indicator of the state of economy is unemployment.
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Certain business processes are copyrightable.
a) true
b) false
The three steps in the financial planning process are to forecast the firm's short- and long-term needs, develop budgets, and ______.
Answer: establish financial controls
Explanation:
The three steps in the financial planning process are to forecast the firm's short- and long-term needs, develop budgets, and establish financial controls.
What is Financial Planning?A financial plan is a detailed review of an individual's present pay and future financial situation that predicts future income, asset values, and outflow plans using current known factors.
The job of calculating how a corporation will afford to fulfill its strategic goals and objectives is known as financial planning. Typically, a corporation develops a Financial Plan shortly after establishing its vision and objectives.
The financial planning process involves assessing your net worth and risk profile, establishing short to long-term financial objectives, and adjusting those goals as needed. It also includes techniques for retiring without worrying about finances and protecting your family's future.
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In a bilateral monopoly, how are wages and level of employment determined compared to the competitive labor market case?
Bilateral monopolies determine wages and level of employment when compared to the competitive labor market, in an indeterminate manner.
What is an indeterminate wage level policy?This refers to the fact that the wages in a bilateral monopoly have no set way of being determined because the factors affecting employment can change based on the goods being produced.
Some goods will lead to wages and level of employment being quite competitive like the competitive labor market, while others will lead to low levels of competition which would lead to higher wages.
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Which printmaking method operates with the understanding that oil and water do not mix?
A printing method that takes advantage of the fact that water and grease don't mix. The image is transferred using a greasy media, such as a particular greasy ink called tusche, crayon, pencils, lacquer, or synthetic materials, to a grainy surface (traditionally stone but more typically aluminium).
The inked image is transferred (or "offset") from a plate to a rubber blanket and then to the printing surface in offset printing, a typical printing technique. The offset method makes use of a flat image carrier when combined with the lithographic process, which is based on the attraction of oil and water.
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When the price of tennis rackets increases, what happens in the market for tennis balls?
When the price of tennis rackets increases then A decrease in the price of tennis balls will result in an increase in the demand for tennis rackets. An increase in the price of one good can cause the demand for another good to increase if the two goods are complements.
A market is a gathering place for buyers and sellers to facilitate the exchange and transaction of goods and services. The market can be physical, like a retail store, or virtual, like an e-merchant. Other examples are illegal markets, auction markets, and financial markets.
Market structure refers to how different industries are categorized and differentiated based on the degree and type of competition for services and commodities. The four common types of market structure include perfect competition, oligopolistic market, monopoly market, and monopoly competition.
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The currency drain ratio for m1 is ______ than for m2, and the banks' reserve ratio for m1 is ______ than for m2.
'The currency drain ratio for m1 is lesser than for m2, and the banks' reserve ratio for m1 is greater than for m2. Read below about currency drain ratio.
What is currency drain ratio?Currency drain ratio is the percentage of banknotes that households keep in form of cash rather than depositing in a bank. It is the amount of cash a person holds and the amount of money she maintains in readily accessible bank accounts, such as checking accounts.
Therefore, the correct answer is as given above.
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Which business buying decision factor would include political forces, economic factors, and technological changes
The business buying decision factor that would include political forces, economic factors, and technological changes is: Environmental factors .
What is buying decision?Buying decision can be defined as the process in which a buyer put into consideration some factors before deciding to buy a product
Environmental factors consist of the following:
Competitive factorsEconomic factorsPolitical forcesLegal and regulatory forcesTechnological changes Sociocultural issuesTherefore the business buying decision factor that would include political forces, economic factors, and technological changes is: Environmental factors .
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The debit to work-in process for materials used in production is recorded at ______.
The debit to work in process for materials used for production is recorded in the cost of direct materials.
A work in process is the partially unfinished goods waiting for their completion which usually includes overheads , labour work and raw materials used in the procedure.
The cost are then transfer to finish good account with the sales of production held in the inventory for the anticipation of the future sales.
For direct materials, debit side of the process inventory account and for the raw materials credit side of the management is used. Assume and assign the raw material, production equipments , expenditures which will be the work in process.
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A publisher reports that 55% of their readers own a particular make of car. a marketing executive wants to test the claim that the percentage is actually different from the reported percentage. a random sample of 200 found that 46% of the readers owned a particular make of car. is there sufficient evidence at the 0.02 level to support the executive's claim?
Based on the percentage of readers who own a particular make of the car and the random sample, we can infer that there is sufficient evidence at a 0.02 level to support the executive claim.
What is the evidence to support the executive's claim?The hypothesis is:
Null hypothesis : P = 0.55
Alternate hypothesis : P ≠ 0.55
We then need to find the test statistic:
= (Probability found by marketing executive - Probability from publisher) / √( (Probability from publisher x (1 - Probability from publisher))/ number of people sampled
= (0.46 - 0.55) / √(( 0.55 x ( 1 - 0.55)) / 200
= -2.56
Using this z value as the test statistic, perform a two-tailed test to show:
= P( Z < -2.56) + P(Z > 2.56)
= 0.0052 + 0.0052
= 0.0104
The p-value is 0.0104 which is less than the significance level of 0.02. This means that we reject the null hypothesis.
The Marketing executive was correct.
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Nicolas signed an installment agreement to borrow $1,000 for 3 years to be paid back monthly. The cost of the loan is $195.56. What is the APR
Annual percentage rate or APR is a credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR).
Now, According to the Question,
We are Given :-
Amount Financed = $1,000Time = 3 Years, paid back monthlyCost of Loan = $195.56CALCULATION
Finance Charge / Amount Financed =
$195.56 / $1,000 = 19.56
Table factor of 19.56 at 36 periods = 12% APR
Therefore the APR for the borrowed money is 12%
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