an important assumption that underlies the marginal productivity theory of income distribution is that:
Answers
An important assumption that underlies the marginal productivity theory of income distribution is that factor markets are perfectly competitive.
Who Identified the Ideal Competition?The late 19th century's economic thinking served as the foundation for the perfect competition theory. The first precise definition of perfect competition was provided by Leon Walras, who also derived several of its key findings. The hypothesis was further refined by Kenneth Arrow and Gérard Debreu in the 1950s.
Why is perfect competition necessary?Perfect competition happens when there are many sellers, easy firm entry and departure, identical products are sold by all sellers, and price takers are present.
To know more about Perfect Competition visit:
https://brainly.com/question/18459447
#SPJ4
Related Questions
Identify a true statement about the Hawthorne studies.
Answers
A true statement about the Hawthorne studies is that they were a series of experiments conducted at the Western Electric Hawthorne Works in Chicago during the 1920s and 1930s.
The studies were initially intended to investigate the relationship between lighting conditions and worker productivity but expanded to explore various factors affecting employee behavior and job satisfaction.
The Hawthorne studies are notable for their contribution to the understanding of the social and psychological aspects of work and their recognition of the importance of human factors in organizational productivity.
Learn more about Hawthorne studies at:
brainly.com/question/29213524
#SPJ11
Anne and Stuart are married and will file a joint return. In
2022, they donated $700 in cash to their local food pantry. If they
claim the standard deduction, how much of this donation may they
deduct
Answers
Since Anne and Stuart claimed the standard deduction, they may not deduct any amount of their donation to the food pantry from their taxes.
In the United States, individuals can claim itemized deductions or a standard deduction on their federal income tax returns. The standard deduction is a predetermined sum of money that is subtracted from a taxpayer's adjusted gross income (AGI) to arrive at their taxable income. In the year 2022, the standard deduction for married couples filing a joint return is $25,100. This implies that the couple will get a deduction of $25,100 without the need for additional paperwork if they take the standard deduction.
Their total itemized deductions must be greater than $25,100 to make itemizing worthwhile.In the scenario provided, Anne and Stuart donated $700 in cash to their local food pantry in 2022, but since their itemized deductions do not exceed the standard deduction of $25,100, they are not permitted to deduct the donation on their taxes. As a result, their deductible charitable contribution for the year 2022 will be zero ($0).
To know more about Standard Deduction visit-
https://brainly.com/question/30833649
#SPJ11
a chain of grocery stores wants to increase its sales and market share. the processes in its information system should .
Answers
A chain of grocery stores wants to increase its sales and market share. the processes in its information system should. the steps for entering information into the system.
Marketplace percentage represents the percentage of an enterprise, or a marketplace's overall income, this is earned via a particular organization over a designated term. market proportion is calculated by taking the employer's income over the length and dividing it by using the overall income of the industry over the identical duration.
Marketplace percentage is calculated with the aid of dividing the employer's overall revenues by way of the entire sales of the entire enterprise in the course of a specific period of time. This indicator is used by data analysts and different specialists to evaluate the dimensions, or presence, of a business enterprise within a given industry.
Due to the fact marketplace percentage is a key indicator of market competitiveness, it enables executives to choose general market increase or decline, discover key traits in customer conduct and see their marketability and market possibility.
Learn more about Marketplace here:
https://brainly.com/question/26907021
#SPJ4
How does APR make borrowing money a more transparent process?
Answers
The interest rate on a credit card is known as the APR. It is the annual percentage rate of interest that you will be charged if you carry a balance, and it frequently changes from card to card.
What is APR stand for?The Accreditation in Public Relations (APR) accreditation distinguishes you from your colleagues and positions you as a leader and mentor in the cutthroat public relations industry by vouching for your ambition, professionalism, and ethical standards.
Is the accuracy of loan comparisons improved by APR?The cost of borrowing money is determined by the interest rate, but because the APR also accounts for additional fees related to getting a loan, notably a mortgage, it provides a more accurate picture of overall borrowing costs.
To know more about APR visit:-
https://brainly.com/question/14184570
#SPJ1
. Why does Starbucks Coffee consider internal leadership such an important part of its core business process?
Answers
Answer:
Starbucks Coffee consider internal leadership an important aspect of its core business because it understands and appreciates the idea of planning for one's own succession.
Explanation:
Internal Leadership can be defined as an ability to oneself. Many times it is a neglected aspect of leadership, but a leader who knows how to lead himself have thriving possibility to lead others as well.
Starbucks Coffee is considered one of the companies in which people like to work. It is because Starbucks Coffee has given much importance to the aspect of internal leadership development. This aspect is usually overlooked in many companies but is accepted and adopted by Starbucks Coffee. The company understands that everyone has right to plan for one's own succession and thus keeps itself prepare for top-level-successors. The company provides an environment growth and becoming a successful leader to the educated employees that come for work in the company.
A Sign That Ethics Has Become A Primary Concern For Boards Of Directors Is That Multiple Choice Directors Area. More Often Chosen For Their Political Connections Than For Their Expertise b. Modern Executive Compensation Is Closely Linked To The Firm's Employee Retention Rate. C. Poor Financial Performance Is The Most Common Reason For CEOs To Be Fired Saved Help
Answers
Modern executive compensation is closely linked to the company's employee retention rate.
To elaborate: Ethical behavior toward employees is one of the primary responsibilities of the Board of Directors. They shouldn't be fired for little things. They should be given a chance to grow and develop.
2. the environment in which a manager works In addition to their social and ethical responsibilities, managers need to be aware of the environment in which they operate. If the business is to be viable and successful in the long run, they must take into account all of these factors.
What does "Board of Directors" mean?A board of directors is a group of people who represent the interests of shareholders. In addition, it offers advice to an organization's chief executive officer and executive team. A board provides general oversight of operations without getting involved in the day-to-day operations.
The hiring of the company's CEO or general manager and the evaluation of the company's overall strategy and direction are the board of directors' primary responsibilities. The CEO or general manager is responsible for hiring all other employees and overseeing the business's day-to-day operations.
The majority of the board of directors consists of the chief executive officer and occasionally other senior managers, as well as board members who are not otherwise associated with the company. The most common definition of an inside director is an employee of the company, though significant shareholders may also be included from time to time.
Learn more about the Board of Directors :
brainly.com/question/29359566
#SPJ1
Monetary policy refers to government actions that pursue what goal
Answers
Explanation:
help me to find Xian pleaseee:( i miss him so much:(
sorry for answering Non sense po i hope u understand me ty po!
What are the basic forms of competition? Discuss
Answers
Answer:
Explanation:
La educación por competencias ha resurgido en todo el mundo con gran fuerza desde finales del siglo pasado. Las reformas del sistema educativo mexicano emprendidas en la última década y que comprenden todos los niveles tienen un elemento en común: un currículo con un enfoque basado en competencias. Al igual que en otros países, en México estamos viviendo una efervescencia por las competencias; no obstante, la confusión y la incertidumbre parecen ser el signo distintivo de estas reformas. Es cierto que el concepto de competencias es polisémico y complejo, que no existe una teoría unificada que sustente este enfoque y que carecemos de experiencia en la puesta en práctica de un currículo basado en competencias. Si a esto le sumamos la dificultad propia que entraña la evaluación del aprendizaje, diremos que las condiciones están puestas para que la ambigüedad y el desconcierto reinen en los centros educativos, tal como está sucediendo. Este artículo tiene como objetivo contribuir al debate teórico actual en torno a la evaluación de competencias, así como aportar algunos rudimentos de tipo metodológico que permitan a los profesores mejorar sus concepciones y prácticas de evaluación.
Palabras clave: educación por competencias, evaluación de competencias, currículo basado en competencias, aprendizaje por competencias.
As a newly employed Chief Design Officer (CDO) of a start-up company, Ghana CoFarmers Ltd, you have been tasked to undertake your first project which is to design a system for selling cocoa. The aim is to develop an interface that meets the needs of both the farmers (in Ghana) and the customers. Describe in detail a design methodology of four stages to facilitate the proper design of such a system. Write your answer in the form of a management plan for this project. For each stage, indicate the number of weeks that should be allocated. Hint: Note the four phases of the design process:
Requirements analysis
Preliminary (conceptual) and detailed design
Build and implementation
Evaluation
Answers
The project aims to design a system for selling cocoa that satisfies the needs of farmers in Ghana and customers.
The design methodology will consist of four stages: requirements analysis, preliminary and detailed design, build and implementation, and evaluation. The estimated duration for each stage is as follows:
1. **Requirements Analysis (4 weeks):**
During this stage, the team will gather and analyze the requirements of both the farmers and the customers. Engage with stakeholders, conduct interviews, and perform market research to gain a deep understanding of the target users and their needs. Document the identified requirements and prioritize them based on importance and feasibility.
2. **Preliminary and Detailed Design (6 weeks):**
In this stage, the team will create the conceptual design for the cocoa selling system. Generate ideas, sketch out wireframes, and develop prototypes to visualize the system's structure and functionality. Seek feedback from stakeholders and iterate on the designs. Once the conceptual design is finalized, proceed to the detailed design phase, where specific features, interfaces, and workflows will be defined.
3. **Build and Implementation (12 weeks):**
During this stage, the development team will build the cocoa selling system based on the finalized design. Divide the development tasks into sprints, following an agile methodology. Begin with developing the core features and progressively add additional functionalities. Conduct regular testing and quality assurance to ensure the system's stability, usability, and security.
4. **Evaluation (4 weeks):**
In the final stage, the system will undergo a comprehensive evaluation to assess its performance and user satisfaction. Conduct usability tests, collect feedback from users, and measure key metrics such as conversion rates and customer engagement. Identify areas for improvement and refine the system based on the evaluation results.
Learn more about project here:
https://brainly.com/question/32735054
#SPJ11
A correct statement concerning a real estate limited partnership is that: (A) The ordinary and necessary expenses of the general partner(s) in operating the business are completely nondeductible. (B) Management expertise and economic soundness are among the factors that should be considered in evaluating real estate limited partnerships. (C) Hard costs such as those incurred by a partnership in acquiring land are wholly deductible as they occur. (D) A corporation cannot be a general partner since a corporation has limited liability.
Answers
Answer:
(B) Management expertise and economic soundness are among the factors that should be considered in evaluating real estate limited partnerships.
Explanation:
The limited partnership in a real estate allows to have a general partner if there is no conflict of interest, it do not impose any restriction on a corporation having limited liability.
Further all the operating costs are wholly deductible and the costs associated with acquiring land are not deductible.
Management shall be expert in the work they perform also their soundness to business provides extra benefit to real estate business, as it is all about getting maximum contracts.
A person has $50,000 in taxable income for a year and pays a 10 percent income tax rate, equal to $5,000. Which action would reduce the amount the person paid in taxes to $1,000?
A.
Receiving a $4,000 tax deduction
B.
Receiving a $4,000 tax credit
C.
Receiving a $49,000 tax deduction
D.
Receiving a $49,000 tax credit
Answers
Taxable income is the term used to describe the basis of an income tax system and the correct option in the given situation is (B) receiving a $4,000 tax credit.
What is taxable income?The base of an income tax system is referred to as taxable income.
In other words, the amount of revenue that was subject to taxation.
In general, it comprises all or a portion of the items of income and is lessened by costs and other deductions.
Depending on the nation or system, different amounts are included as income, costs, and other deductions.
Many systems stipulate that some expenses cannot be deducted when calculating taxable income and that certain types of income are not taxable (often referred to as non-assessable income).
So, in the given situation where:
$50,000 is the taxable income
10% is the income tax rate which is $5000.
The amount paid in taxes would be $1000.
Then, the action required would be: Receiving a $4,000 tax credit
Therefore, taxable income is the term used to describe the basis of an income tax system and the correct option in the given situation is (B) receiving a $4,000 tax credit.
Know more about taxable income here:
https://brainly.com/question/1160723
#SPJ1
Which is not one of the main sections of a resume?
A. contact information
B. salary requirement
C. education
D. work experience
Answers
Answer:
B. salary requirement
Explanation:
Salary is typically posted in the job description or negotiated by the employer/employee as part of the hiring process
Two reasons why excellent customer service is important to every business
Answers
About 96% of American businesses close their doors within 10 years. One of the contributing problems is poor customer service. Buyers become frustrated over small problems that are not addressed. It happens when a business does not have good customer service associates who follow up on questions and promptly fill requests.
2) Creates endorsements
Loyal customers provide positive endorsements and good online reviews that can help businesses strengthen their brand. A loyal customer, on average, is 10 times more valuable than their first purchase. Research shows that people often make purchasing decisions based on recommendations from family and friends vs. advertising messages. Here are four statistics:
About 97% of customers will tell others about very good or excellent customer service experiences.
Nearly 70% of people would spend more money with a company that has excellent customer service.
Approximately 24% of satisfied customers will return to a business two or more years after a good customer service experience.
Research shows that 59% of people would try a new company to receive better customer service.
Hope this helps :) if you need more I can help
Which of the following is an example of a soft skill?
A. Ability to use CSS spreadsheets
B. Ability to manage spreadsheets
C. Ability to work well with a project team
D. Ability to manipulate images using computer software
Answers
Answer:
Ability to work well with a project team
Explanation:
Beliefs about what is ethical serve as a moral compass to guide behaviors of individuals
and companies.
w
Your answer:
O True
O False
Answers
which of the following statements will not result in the trial balance being unequal? a.a debit of $400 was incorrectly posted as a credit of $400 to supplies. b.a debit of $400 was incorrectly posted to supplies instead of supplies expense. c.a debit of $400 to supplies was completely omitted. d.a debit of $400 was posted to supplies as a debit of $40.
Answers
Option B is correct. A debit of $400 was incorrectly posted to supplies instead of supplies expense.
What is trial balance?A trial balance is an accounting workbook where the balances of all ledgers are totaled into normal proportion in the columns for the debit and credit accounts. A corporation occasionally creates a trial balance, often at the conclusion of each financial quarter. To check that the entries in a company's digital ledger are theoretically correct, a trial balance is primarily made.
A trial balance is not a thorough audit of the accounts; rather, it tests a major aspect of the books in question. Because it enables auditors to confirm the absence of mathematical problems in the digital ledger before going on to more involved and even in studies, a control account is generally the first stage in an internal audit.
To know more about trial balance visit:
https://brainly.com/question/15059786
#SPJ4
describe the importance of section officer
Answers
Answer:
Section officer are important to give and take the services , cater the services effectively , distribute work among the staff as evenly as possible , drafts laws , put up notes , prepare summaries , manage the relevant record and data of concerned department, reply to letters , communicate with other departments , maintain order and discipline in the section maintenance, etc
Select the correct answer from each drop-down menu.
Under which categories of expenses do the given items fall?
Salaries paid to employees are a business’s _ expenses, whereas the business’s travel costs fall under the category of _expenses.
A. marketing
B.Advertising
C.Administartion
A.Selling
B.Operational
C.Production
Answers
Answer: Administration and operational are correct
Explanation:
Answer:
C and A!
Explanation:
Read the tutorial: "Administration expenses include general and administrative expenses needed to perform business functions. For example, this category includes salaries paid to employees" and "Examples of expenses (selling expenses) under this category include travel expenses for employees,"
why is market development necessary ?
Answers
Agent John just listed a home in the mid-range priced neighborhood, which of the ad headlines would probably be the least effective:
A) Large Backyard
B) Three Bedrooms
C) $125,000
D) Needs Paint
Answers
Among the given options, the least effective headline for an ad listed by Agent John in the mid-range priced neighborhood is D) Needs Paint.
This is because, while highlighting the property features and specifications, an ad should focus more on the positive aspects of the property than the negative ones.
The purpose of an ad is to persuade prospective buyers to take a step forward and come forward to inspect the property.
A headline like "Needs Paint" creates a negative impression in the buyer's mind and, instead of grabbing their attention, might repel them from further considering the property.
In contrast, headlines like "Large Backyard" or "Three Bedrooms" can attract potential buyers,
as these features are desirable and have the potential to increase the property value.
Likewise, mentioning the price of the property in the headline, "125,000", could also attract buyers as the price is mentioned upfront,
and interested buyers can take an immediate decision whether to consider the property or not.
Thus, it is recommended to focus more on the positive features and specifications of the property,
while designing an ad.
The headline of the ad plays a significant role in the buyer's decision-making process.
To know more about effective visit:
https://brainly.com/question/31361675
#SPJ11
On april 1, jiro nozomi created a new travel agency, adventure travel. The following transactions occurred during the company’s first month. On April 1 Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. A. April 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company. Received common stock (50,000 shares at $1 par).
b. April 2 The company rented furnished office space by paying $1,800 cash for the first & last month's rent.
c. April 3 The company purchased $1,000 of office supplies for cash
Answers
These journal entries would then be posted to the appropriate accounts in the general ledger.Here are the journal entries for each of the transactions:
a. April 1:
Cash 30,000
Computer equipment 20,000
Common stock 50,000
To record investment of cash and equipment in exchange for common stock.
b. April 2:
Prepaid rent 1,800
Cash 1,800
To record payment of rent for the first and last month.
c. April 3:
Office supplies 1,000
Cash 1,000
To record purchase of office supplies for cash.
These journal entries would then be posted to the appropriate accounts in the general ledger.
Learn more about journal entrieshere :
https://brainly.com/question/20421012
#SPJ4
provide a defination of GAAP
Answers
Answer:
Showing results for provide a definition of GAAP
Search instead for provide a defination of GAAP
मराठी मध्ये शोधा
gaap व्याख्या प्रदान
Search Results
Featured snippet from the web
Generally accepted accounting principles, or GAAP, are a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and practices.
PLEASE HELPP:
Jones, Inc is trying to schedule a holiday party and would like to collect suggestions about the best date and location from their employees. The company has 200 employees on staff. What is the best form of communication to utilize and why?
Answers
Answer:
the best way is phone
Explanation:
becuase to get all of them in a group and tell them all
All of the following are examples of secondary types of data except:
A. U.S. Census data
B. Consumer Reports
C. test market
D. Rotten Tomatoes (movie reviews)
Answers
Business
12 questions please help!!
Answers
Answer:
Fill in the blanks
Explanation:
Answer: 1. Unsecured loans 2. Business credit card 3. Unsecured loan 4. Small Business Investment Companies 5. Reserve Fund 6. Routine 7. Operating costs 8. Secured loan 9. Commercial Debt Financing 10. Small Business Administration 11. Sound 12. Venture Capital Firm
Explanation:
A property has a first mortgage of $200,000, a second mortgage of $50,000, and a third mortgage of $20,000. It is foreclosed and sold for $245,000. The holder of the third mortgage gets $________ and the holder of the second mortgage receives
Answers
The three main categories into which businesses fall are
Choose matching definition
1. product market
resource market
2.
sole proprietorship
partnership
corporation
3. corporation
4.
Incur Debts
Own assets
acquire resources
can sue
Answers
A business can sue or be sued in court if it has been wronged by another party.
Product market businesses create and sell products to consumers, such as a retail store. Resource market businesses provide services to other businesses in order to help them run their business, such as accounting or web design.
The three main types of businesses are sole proprietorship, partnership, and corporation. A sole proprietorship is owned by one individual, while a partnership is owned by two or more people. A corporation is a separate legal entity owned by shareholders.
Each of these businesses types can incur debts, own assets, acquire resources, and can sue or be sued in court. Incurring debt involves borrowing money from a lender to finance operations and growth. Owning assets includes tangible items such as property, vehicles, and equipment. Acquiring resources refers to acquiring labor, materials, and supplies in order to produce goods and services. A business can sue or be sued in court if it has been wronged by another party.
Learn more about business here:
https://brainly.com/question/15826604
#SPJ4
The independently owned and operated cafeteria inside the local hospital uses inputs such as
money, groceries, and labor to transform food into hot meals. In this scenario, which of the following
is a transformation process?
Answers
Answer: The transformation process in this scenario involves using inputs such as money, food, and labor to turn the food into hot meals.
Explanation: In this scenario, an independent cafeteria operated out of a local hospital takes money, food, and labor and turns them into hot meals. This transformational process is an important part of cafeteria operations as it creates meals that can be served to hospital staff, patients, and visitors. By taking these inputs and turning them into an end product (hot meals), the cafeteria demonstrates the basic principles of the transformation process. Therefore, in this scenario, the transformation process refers to the process of converting the inputs (money, food, and labor) into a finished product (hot food).
To know more about the transformation process,
https://brainly.in/question/48601897
A deposit account that accepts deposits and purchases bonds and commercial debt that pay interest is a:
Answers
A deposit account that accepts deposits and purchases bonds and commercial debt that pay interest is a money market account. Money market accounts are a type of deposit account that are typically offered by banks and credit unions.
Money market accounts differ from traditional savings accounts in that they typically offer a higher interest rate, but may also require a higher minimum balance to open and maintain the account. The funds deposited into a money market account are typically invested in low-risk securities such as government bonds, municipal bonds, and commercial debt. These investments generate interest, which is then paid out to the account holder as additional earnings on their account balance.
In summary, a money market account is a type of deposit account that offers a higher interest rate than a traditional savings account, and invests funds in low-risk securities such as government bonds and commercial debt to generate additional interest earnings for the account holder.
Know more about "money market account." click here:
https://brainly.com/question/31698407
#SPJ11
An objective of the expense recognition (matching) principle is to have bad debt expense debited in ______.
Answers
Answer:
An objective of the expense recognition (matching) principle is to have bad debt expense debited in ,Nation matching,