Answer:
(A) The productivity in sales revenue/labour expense = 3.69
(B) Total productivity = 3.31
Explanation:
Sailmaster makes high performance sale for competitive windsurfers
The units sold is 1,217
The sales price is $1,700
The total labour hours is 46,672
The wave rate is $12
The total materials cost is $60,000
Total energy is $4,000
(A) The productivity in sales revenue/labour expense can be calculated as follows
= units sold×sale price/total labour×wage rate
= 1,217×1,700/46,672×12
= 2,068,900/560,064
= 3.69
(B) The total productivity can be calculated as follows
=1,217×1700/(46,672×12)+(60,000+4,000)
= 2,068,900/560,064+64,000
= 2,068,900/624,064
= 3.31
Hence the productivity in sales revenue/labour expense is 3.69 and the total productivity is 3.31
On what form would you find information regarding itemized closing costs due to other parties, such as tax assessments, recording fees and attorney's fees?
Answer:
Closing disclosure form
Explanation:
Closing disclosure form is a form used in mortgage application that provides a final detail about the mortgage loan being applied for. It is received at least three business days before your closing.
It is usually a five page form that contains information relating to the loan terms , projected monthly payment , interest rate , estate tax and the processing fees to arrived at the closing cost
Other costs that can be found in the closing disclosure form are recording fees, attorney's fees and tax assessment
Dana and Phil have evaluated their situation, and have decided to purchase a unit in a cooperative housing project. Which FHA loan program might work for them?
Answer:
Title ll Section 203(n)
Explanation:
The FHS-insured 1st mortgage loans are loans that a borrower can use to help purchase a home as a primary residence. The FHA loan program that would for Dana and Phile would be a Title ll Loan, specifically Section 203(n). This section of the program is specifically for individuals looking to purchase of a unit in a cooperative housing project. Which in this case is exactly what Dana and Phil are trying to purchase a unit in.
In the investment industry, the principle of _______________ supports investing in a wide range of companies to reduce the level of risk.
Answer: diversification
Explanation:
Diversification is a technique used on order to minimize risk and it is simply the allocation of investments into various indutries or financial instruments.
This is done to maximize returns and also minimize the risks as investing in different sectors will make them.react differently to certain things.
Diane is passionate about soccer and decides to open her own soccer sporting goods store. She invests her money, time, and effort into making the store a success. Diane can be best described as a(n)
Answer:
The answer is entrepreneur
Explanation:
Diane showed the trait of an entrepreneur. An entrepreneur is someone who tries to solve a particular problem or challenge by setting up a business. He takes up the risk and tries to fight it in order to be successful because of the passion he has for the business. Entrepreneur also sources for the capital for the business which can be in form of borrowed money or equity contribution.
Provisions in the law that automatically increase government spending or decrease taxes when real output declines are called:
Answer: automatic stabilizers
Explanation:
Automatic stabilizers are the provisions in the law that automatically increase government spending or decrease taxes when real output declines.
It should be noted that automatic stabilizers can be used to reduce recession impact on people by helping them to survive even when there is a job loss.
Use the following scenario to answer the following questions: Suppose that Canada, an industrialized nation, and Mexico, a developing nation, both produce clothes and cars. The real wage in Mexico is lower than in Canada. The countries have a free trade agreement. Each nation will find a comparative advantage.
A society could achieve a higher level of productivity if:________
a. each person in the society is a jack-of-all-trades.
b. it takes advantage of each individual's comparative advantage.
c. it does not trade with other nations.
d. it does not tax imported goods.
e. it does not limit exports.
Answer:
A society could achieve a higher level of productivity if:________
b. it takes advantage of each individual's comparative advantage.
Explanation:
In the same way that nations can achieve higher levels of productivity if each nation takes advantage of its comparative advantage in production, individuals in the society can help it to achieve a higher level of productivity if each individual takes advantage of her or his comparative advantage. This economic concept calls for specialization in the fields where one has comparative skills that are better than others'. This implies that one can deploy resources and skills to achieve more in a specialized field than being a jack-of-all-trades.
The survey has bias. (a) determine the type of bias. (b) suggest a remedy. upper a pro dash military advocate wants to estimate the percentage of people who favor increasing funding for the military. she conducts a nationwide survey of 1450 randomly selected adults 18 years and older. the interviewer asks the respondents, "do you favor being patriotic by supporting our armed forces question mark " (a) which of these best describes the bias in the survey? sampling bias response bias your answer is correct. nonresponse bias undercoverage bias (b) how can the bias be remedied?
a. the interviewer should survey people under 18 as well.
b. the interviewer should survey a greater number of adults 18 and older.
c. the interviewer should survey people by phone and in person.
d. the interviewer should reword the question.
Answer:
B). Response bias
D). The interviewer should reword the question.
Explanation:
Response bias is described as the type of bias in which a variety of tendencies are displayed by the respondents to answer the questions asked in the survey inaccurately or misleadingly. These false responses eventually lead to a false or deceiving conclusion. In the given survey, 'response bias' is displayed as the respondents may display a tendency to answer the question falsely as the feeling of 'patriotism' evoked by the word 'patriotic' may prevent their original opinions to come out. Thus, option B is the correct answer to describe the bias in this survey.
In order to prevent this bias, the interviewer must 'reword the question' and remove the word 'patriotic' as it develops the feeling of patriotism in the respondents which mars them from answering accurately and share their true opinions or thoughts in the regards of 'supporting armed forces.' This rewording will help evoke the true and authentic responses without any bias. Thus, option D is the correct answer to remedy the bias.
Which section of a CAR Residential Listing Agreement states that the agreement is binding between the seller and seller's successors and assigns?
Answer:
Section 18 of the Exclusive Right to Sell Listing Agreement form is the section that indicates the binding agreement between the seller and seller's successors and assigns.
Explanation:
The section provides that when the agreement is signed it binds both the parties. The binding agreement is legally enforceable and binds both the parties to the contract.
It shall meet the offer perspective and along with the acceptance perspective. for it to be a valid and legal contract. This section ensures that the con tract is legally binding on both the successors along with the assigns.
"The degree to which a customer’s experience with a product or organization meets or exceeds his or her expectations is often referred to as:"
Answer:
The right answer will be "Customer satisfaction".
Explanation:
Customer satisfaction demonstrates the satisfaction and happiness which individual derives from ever doing business with the government. In several other phrases, it's about how pleased the consumers are towards their purchase as well as the organization's performance interaction. Customers benefit economically from some kind of product depends on how they easily satisfy their needs, in something like a straightforward way that keeps them faithful to something like the brand.A safety equipment salesperson calling on a prospect for the first time should try to schedule an appointment with the focus of _____, a person who will listen to the salesperson and provide valuable information about the types of equipment that the company needs.
Answer:
receptivity
Explanation:
When dealing with business to business sales, a salesperson has to focus on contacting the right person in the company that will be open and interested on what he/she is offering and that has the knowledge and will be able to give information about the needs they have so the salesperson can offer what the right solution and provide value to them to have the opportunity to close a sale. According to this, the answer is that a safety equipment salesperson calling on a prospect for the first time should try to schedule an appointment with the focus of receptivity which refers to be willing to receive information that is what the salesperson needs from the prospect.
A customer has a fully paid options position and is long marginable stock. Subsequently he receives a margin call on his long stock position. Which of the following statements are TRUE?
I The customer can borrow against long options contracts to satisfy a portion of the margin call
II The customer cannot borrow against the long options contracts to satisfy the margin call
III Long option contracts have a loan value of 0%
IV Long option contracts have a loan value of 50%
a. I and III
b. I and IV
c. II and III
d. II and IV
Answer: II and III
Explanation:
From the question, we are informed that a customer has a fully paid options position and is long marginable stock and that subsequently he receives a margin call on his long stock position.
The statements that are true are that the customer cannot borrow against the long options contracts to satisfy the margin call and the long option contracts have a loan value of 0%.
Therefore, option C is the right answer.
Suppose that productivity growth in an economy over a two-year period has fallen to less than 2% per year, causing a severe recession. From the neoclassical view, which of the following will be more important in these circumstances?
a. an increase in the annual unemployment rate
b. supply and demand in the labor market
c. the problem of cyclical unemployment
d. the growth rate of long- term productivity
Answer: d. the growth rate of long- term productivity
Explanation:
From the question, we are informed that that the productivity growth in an economy over a two-year period has fallen to less than 2% per year, causing a severe recession. From the neo-classical view, the important things are
encouraging long-term growth, curtailing inflation.
Therefore, the growth rate of long- term productivity is the correct answer.
The unemployment rate: Multiple Choice is measured by the number of people who are unemployed divided by the labor force. is never zero. measures what percentage of our labor force is currently looking for a job and can't find one. All of these are true.
Answer:
All of these are true.
is measured by the number of people who are unemployed divided by the labor force. is never zero. measures what percentage of our labor force is currently looking for a job and can't find one.Explanation:
The natural rate of unemployment, which is considered to be healthy and actually full employment level is around 4-5%. There will always be people looking for better jobs (fictional unemployment) or people that are not exactly for performing available jobs (structural unemployment). The only type of unemployment that is considered negative is cyclical unemployment which results from lower economic activity.
The managerial function of ______ involves monitoring performance, comparing it to goals, and taking corrective action when needed.
Answer:
Controlling
Explanation:
Out of the many functions of management, controlling is an important managerial function. Controlling can be referred to as a managerial function that enables the achievement of results as it relates to set goals. This function involves the measurement of progress for the purpose of achieving organizational goals. It helps to ensure that subordinates and managers inclusive are doing what is necessary, identify errors and take corrective measures to meet up to the standard.
Which of the following kinds of price discrimination occurs when each customer is charged one price for the first set of units purchased and a lower price for subsequent units purchased?
a. Perfect price discrimination
b. Third-degree price discrimination
c. This is not an example of price discrimination
d. Second-degree price discrimination
Answer:
D
Explanation:
Price discrimination is when the same product is sold at different prices to customers in different markets
types of price discrimination
1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.
2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.
3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students
Tandem Company borrowed $32,000 by issuing common stock. Which of the following choices accurately reflects how this event affects the company's financial statements?
Assets = Liab. + Equity Rev. − Exp. = Net Inc. Cash Flow
A. 32,000 = NA + 32,000 NA − NA = NA 32,000 FA
B. 32,000 = NA + 32,000 32,000 − NA = 32,000 32,000 FA
C. 32,000 = 32,000 + NA 32,000 − NA = NA 32,000 FA
D. 32,000 = 32,000 + NA 32,000 − NA = 32,000 32,000 OA
a. Option A
b. Option B
c. Option C
d. Option D
Answer:
Option D
Explanation:
When the company borrows by issuing shares the cash will be received of $32000 and this will ultimately increase the liability of notes payable with $32,000. There will be no effect on the income statement but cash inflow will be recorded for financing activities in Statement of cashflows, Therefore Option D is matching perfectly.
"A customer buys pharmaceutical and utility stocks in his portfolio. This portfolio would be best characterized as:"
Answer:
Defensive Portfolio
Explanation:
Defensive portfolio consist of stocks that are protected from the market movement forces such that they perform acceptably well both during good and bad economic times, much unlike cyclical stocks. The companies within the portfolio are those that manufacture and produce essential goods and services and therefore will also thrive when the economy is in a difficult state.
Many defensive portfolio companies offer dividends with the effect of reducing capital losses.
What is the strategy called whereby lenders limit the number of loans based on the racial makeup of a neighborhood?
Answer:
Redlining
Explanation:
Redlining is the strategy called whereby lenders limit the number of loans based on the racial makeup of a neighborhood
Redlining which can also be referred to as illegal discriminatory practice , it is been practiced by federal government agencies, local government whereby some kind of race or set of people are been denied loans by lender or issurers on the ground of racial basis.
Redlining is not limited to financial set up, other services such as health care also experience this
Do you think a nation’s output should be distributed according to income or according to some other standard (such as basic human need)? explain your answer.
Answer:
i think that income is built for order and human need
Explanation:
if we distributed according to human need that's technically a communist country
The case of Max v. National Credit Co. is heard in a trial court. The case of O! Boy! Ice Cream Co. v. Pickled Peppers, Inc., is heard in an appellate court. The difference between a trial and an appellate court is whether
Answer:
Trial Court v. Appellate Court
The difference between a trial and an appellate court is whether:
the case has been heard before or not.
Explanation:
In a trial court, the lawyers of Max and National Credit Co. present evidence and legal arguments to persuade the judge in a bench trial. This is so because this is the first trial of the case. A trial court is a court of first instance, unlike an appellate court.
In an appellate court, the lawyers of O! Boy! Ice Cream Co. and Pickled Peppers, Inc. simply argue legal and policy issues before the judge or a group of judges. The appellate court has the powers to finally decide the case, or refer it for retrial at the trial court, or even remand the case.
Corporate cults may undermine organizational effectiveness because they lock people into _____, which can blind them to new opportunities and unique problems.
Answer:
Mental models.
Explanation:
Corporate cults may undermine organizational effectiveness because they lock people into mental models, which can blind them to new opportunities and unique problems.
Corporate cult can be defined as the behaviors and belief system which determines how the management in a company interact, handle and control the employees working for her.
These employees are usually brainwashed into believing in the organizational goals and as such would become blind to other better opportunities and dysfunctional processes and cultures in the organization.
An OSHA inspector arrived at a hotel construction site for no apparent reason. He was turned away because he did not have a search warrant. He was attempting to provide which level of enforcement?
a. Imminent danger
b. Serious accident
c. Employee complaint
d. Target inspection
e. Random inspection
The industry characteristics that make it very difficult for firms to achieve strategic competitiveness and earn above-average returns includes all of the following EXCEPT:
a. Low entry barriers
b. Supplier and buyers with strong bargaining positions
c. Strong competitive threats from product substitutes
d. Relatively moderate rivalry
Answer:
d. Relatively moderate rivalry
Explanation:
The attributes for the industry in order to make it difficult to accomplish competitiveness and earned more than the average returns includes the following things like
a. Less entry barriers
2. Supplier and buyer contains strong bargaining positions
3. The Competitive threat arises from substitutes of product
But it does not involve the rivalry moderation and the same is to be considered
Derivative classifiers using "Multiple Sources" as the classification source must include a listing of the sources used with or on the document, hardcopy and softcopy, and/or electronic file (email).
a. True
b. False
Answer:
True
Explanation:
Derivative classification is the process of generating new pieces of information and document through the use of an already existing classified information and giving the new information a marking that is relevant to the primary source.
The derivative classifiers are responsible for maintaining the protection and integrity of classified information.
A derivative classifier using a multiple source as classification must include a listing of the sources used with or on the document to allow the holder of the user of the document to trace the source of the information . To aid this,providing the title , office of origin ,date of document ,may be relevant
If the market price is $4, this firm will a. Produce 3 units of output in the short run and exit in the long run b. Produce 4 units of output in the short run and exit in the long run c. Produce 5 units of output in the short run and face competition from new market entrants in the long run d. Shut down in the short run and exit in the long run
Answer:
a. Produce 3 units of output in the short run and exit in the long run
Explanation:
According to the question, the data provided is as follows
The market price is $4
Based on the above information, since the price on the market is 4
So we can conclude that the firm could produced the 3 units of output and after that it would be exit in the long run
Therefore the correct option is a
And all the other options are wrong
The bike-sharing service ofo has 200 bicycles on Nasim’s college campus. He has a subscription to the service so he can simply check out a bike at one of the "boxes" painted on the concrete sidewalks on campus and return it to any box at a later time. The service encourages appropriate behavior with the bikes through a point system. Providing bikes at boxes on campus would constitute which element of the marketing mix for ofo?
Answer:
place
Explanation:
The 4 P's of marketing goods are:
productpriceplace (AKA location): refers to where our product will be sold, including what distribution channels will be used (wholesalers, retailers), internet, etc. promotionFrance and England both produce cheese and cloth under conditions of constant opportunity costs. France will have a comparative advantage in cheese production if: A. it can produce more cheese than England. B. its labor productivity in cheese production is greater than England's. C. the absolute cost of producing cheese is lower in France than in England. D. the opportunity cost of cheese production is lower in France than in England. E. it can produce more cloth than England.
Answer:
D
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
For example, England produces 10 yards of clothes and 5 kg of cheese. France produces 5 yards of clothes and 10 kg of cheese.
for England,
opportunity cost of producing clothes = 5/10 = 0.5
opportunity cost of producing cheese = 10/5 = 2
for France,
opportunity cost of producing cheese = 5/10 = 0.5
opportunity cost of producing clothes = 10/5 = 2
England has a comparative advantage in the production of clothes and France has a comparative advantage in the production of cheese
A period of temporary economic decline during which trade and industrial
activity are reduced; generally identified by a fall in gross domestic
product (GDP) *
Recession
O Market Economy
O Bullish
hurry-
A firm sells its product in outlets all around the country. Having an efficient supply chain is critical if the firm wishes to _______.
Answer:
Deliver Value
Explanation:
A firm sells its product in outlets all around the country. Having an efficient supply chain is critical if the firm wishes to _deliver value_.
When a firm develops a knowledge asset, such as a process, pays for it and reuses it over and over at a very low cost, this adds ___________ for the firm.
Answer:
a competitive advantage
Explanation: