Monopoly is a single seller. Consequently, it has influence over the market. It is free to charge whatever he wants. However, he must adhere to the law of demand. Demand has a declining slope for monopolists. According to the law of demand, while other factors remain constant, demand decreases when prices go up while demand increases when prices go down.
Therefore, a monopolist who charges a greater price can sell fewer products. He will be able to sell more when he lowers the price. Therefore, a monopolist will set its prices so that they maximize their profit and avoid setting them too high.
What is a monopolist?An individual, group, or business that completely dominates the market for a specific commodity or service is known as a monopolist. A monopolist is likely to support legislation that strengthens monopolies since it provides them more authority. Instead, they are driven by a desire to preserve the monopoly.
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Read the following scenario, and then answer the question. A graphic design firm hired a new designer and needs a new computer for her; the new employee will be designing high-resolution images and some videos. Which of the following best describes the graphic designer's needs?
Answer:
i guessed sorry if it wrong i couldn't find answer anywhere i made a 80 on the test
Explanation:
the newest CPU, as much RAM as will fit, and new speakers
As per the scenario, the need of the graphic designer is to have a fast, powerful processor to run complex design software. Generally, you need a quad-core or extreme series processor for graphic design.
What are the needs of a graphic designer?To operate complicated design tools for graphic design, you want a quick, strong CPU. Although the leading manufacturers frequently fluctuate, graphic design typically requires a quad-core or extreme series CPU. It's crucial to consider the computer's graphical capabilities in addition to the CPU.
The operating system, CPU, memory (RAM), storage drive, display type, size, and color accuracy are the laptop specifications to pay the most attention to for graphic design.
A quality laptop is more than simply fast. Yes, speed is essential for running applications, but there are other considerations as well, like whether to use a Mac or PC, RAM, storage, displays, and color accuracy. You must strike the correct balance in your laptop usage.
Therefore, all the mentioned specifications needed in a computer system will provide the best results for designing high-resolution images and editing videos.
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What responsibilities does a parent have in an American school system?
As regional manager of a dollar store chain, kamile compares weekly sales reports from each store with projected sales goals and then takes corrective action if needed. Which of the four key management functions is kamile using?.
Answer:controlling
Explanation:
GUYS PLEASE HELP ME!!!!!20 POINTS!!!!
Select the communication type that is being used in the following example.
Two co-workers near the copy machine are discussing the upcoming company meeting.
external formal communication
external informal communication
internal formal communication
internal informal communication
Answer:
exchange of information between people; the sending and receiving of messages. Communication can be separated into two groups verbal and non-verbal and again into formal or informal communications, an example of verbal and formal meaning communication is being conducted in a professional manner that's direct meaning face to face.
Explanation:
What about this profile would most appeal to a recruiter from a public relations firm? Check all that apply. the username the biography the favorite quote the most recent post the number of followers
Answer:
B. the biography
D. the most recent post
E. the number of followers
Explanation:
Correct on ED2022! Good Luck! <3
The items on a profile that appeal to recruiters are he biography the favorite quote the most recent post the number of followers.
What is meant by the term Profile?In recent times social media has drifted processes from tradition to digital, the term profile is used to describe the information of a user.
Recruitment officers now utilise this feature to source for talent by reading up about a prospective employee and engaging with them virtually.
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Meal interviews are used by companies as a means of seeing candidates in a more social setting and how they interact with restaurant staff. What is accepted etiquette for conducting yourself during a meal interview?
A.Pick a meal that is easy to eat while you’re talking
B. Focus on the meal so you’re not so hungry
C. If you need to leave the table during the meal, put your napkin on the table
D. Arrive at the restaurant at least 5 minutes prior to your interview time
Make sure to welcome everyone present at the meal interview. Introduce yourself, shake hands with everyone, and say hello.
What is meal interview?In this form of meal interview, the interviewer brings you to a restaurant for dinner where you talk during the course of the meal about the position and your qualifications. Job prospects may be taken out to dinner as part of the interview process so that interviewers can evaluate their interpersonal, communication, and general attitude abilities. It's important to keep in mind that the reason why the search committees invite candidates out to dinner is so they can get to know them better. They want to hire someone who will fit in with the department and be both a professional and socially appealing colleague. According to Amy Wolfgang, CEO of Austin, Texas-based Coaching 4 Good, hiring managers frequently do lunchtime interviews to get a better sense of your personality and how you behave in a relaxed environment.
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The expenses and taxes that are directly related to the wide-ranging operation of a company best define the term _____.
The term that best defines the expenses and taxes directly related to the wide-ranging operation of a company is **"overhead costs."**
Overhead costs refer to the ongoing expenses incurred by a company to support its overall operations and are not directly tied to specific products or services. These costs include items such as rent or lease payments for facilities, utilities, salaries of non-production staff, insurance, taxes, and other general administrative expenses. Overhead costs are essential for maintaining the infrastructure, personnel, and resources necessary to keep the business running smoothly. They are distinct from direct costs, which are directly attributable to the production of goods or services. Managing overhead costs effectively is crucial for businesses to maintain profitability and financial stability.
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The pipe located underneath Jiro’s kitchen sink was leaking and he did not know how to fix it. He called a plumber who agreed to come fix the leaking pipe in exchange for $125 plus the cost of any parts. The plumber went to Jiro’s home, removed the old pipe that was leaking, and replaced it with a new pipe that the plumber brought with her. When the plumber was finished, she told Jiro that the total cost was $140 and Jiro promptly paid her. Was this a voluntary exchange? Why or why not?
A
Yes, because both parties willingly entered the exchange and benefited from it.
B
Yes, because one party exchanged money with another party for a good or service.
C
No, because Jiro was not aware of the final cost before he agreed to the exchange.
D
No, because the plumber’s service was not equal in value to the money paid by Jiro.
Answer:
A
Explanation:
It’s not b
The given statement clearly states that it was a voluntary exchange because both parties willingly entered the exchange and benefited from it. Hence, Option A is correct.
What is a voluntary exchange?
Buyers and sellers engaging in market exchanges voluntarily and freely is known as voluntary exchange. A basic tenet of both classical and neoclassical economics, which serve as the foundation for modern mainstream economics, is voluntary exchange.
A transaction when two persons freely exchange products or services is referred to as a voluntary exchange. This happens in a market economy, a form of economy where both parties to an interaction benefit from it and come out ahead than they did before.
Given that both parties entered the voluntary exchange and benefited from it, it is apparent that the transaction was voluntary.
Therefore, Option A is correct.
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eilert construction company had a contract starting april 2021, to construct a $21,000,000 building that is expected to be completed in september 2022, at an estimated cost of $19,250,000. at the end of 2021, the costs to date were $8,855,000 and the estimated total costs to complete had not changed. the progress billings during 2021 were $4,200,000 and the cash collected during 2021 was $2,800,000. eilert uses the percentage-of-completion method. *118. for the year ended december 31, 2021, eilert would recognize gross profit on the building of a. $0. b. $737,917. c. $805,000. d. $945,000. *119. at december 31, 2021, eilert would report construction in process in the amount of a. $9,660,000. b. $8,855,000. c. $8,260,000. d. $805,000.
eilert construction company had a contract starting april 2021, to construct a $21,000,000 building that is expected to be completed in september 2022, at an estimated cost of $19,250,000. Eilert would report construction in process in the amount of $805,000.
What do you mean by a construction company?
The construction industry is concerned with the building and infrastructure construction, demolition, renovation, maintenance, and repair. It includes everything from planning and surveying to structural construction and finishing services like painting and decorating.
Construction employs approximately 16% of the working population in the country. The construction industry in India employs over 30 million people and generates assets worth more than $200 billion. It contributes more than 5% of the nation's GDP and 78% of gross capital formation.
So, the required answer is d. $805,000.
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which of the following determines the answer to each of the fundamental questions in a command economy?
a. price b. ceteris paribus c. the short side of the market d. the government e. The council of economic advisors d. none of the above
The correct option among the given options is d. The government determines the answer to each of the fundamental questions in a command economy.
What is a command economy?A command economy is a type of economic system in which the government, rather than individual citizens or businesses, controls all economic activity. The government makes all decisions regarding how goods and services are produced, how much they cost, and who gets access to them.The answer to each of the fundamental questions in a command economy is determined by the government. What are the fundamental questions?The three fundamental questions in economics are as follows:What goods and services should be produced?How should goods and services be produced?For whom should goods and services be produced?In a command economy, the government decides what goods and services should be produced, how they should be produced, and for whom they should be produced. The government is responsible for making decisions about production quotas, distribution systems, and pricing policies. Therefore, the correct option is d. The government determines the answer to each of the fundamental questions in a command economy.Answer: The government determines the answer to each of the fundamental questions in a command economy.
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Make a distinction between strategic vs tactical
financial management
Strategic financial management and tactical financial management are two distinct approaches to managing finances within an organization.
Strategic financial management involves long-term planning and decision-making that aligns with the overall goals and objectives of the organization. It focuses on maximizing shareholder value, optimizing capital structure, and evaluating investment opportunities. Strategic financial management aims to allocate resources efficiently, minimize risks, and create value for the organization in the long run.
Tactical financial management, on the other hand, deals with day-to-day financial operations and short-term decision-making. It includes activities such as budgeting, cash flow management, and working capital management. Tactical financial management aims to ensure the smooth functioning of the organization's financial operations and meet short-term financial obligations.
To illustrate the difference between the two, let's consider an example of a manufacturing company. In strategic financial management, the company's finance team would analyze various investment options, assess the risk and return potential, and make decisions regarding long-term investments, such as acquiring new machinery or expanding to new markets. These decisions would be based on the company's overall strategy and long-term objectives.
On the other hand, in tactical financial management, the finance team would focus on managing day-to-day cash flows, preparing budgets for different departments, and monitoring working capital requirements. They would ensure that the company has enough cash to meet its short-term obligations, manage inventory levels, and optimize the timing of payments to suppliers.
In summary, strategic financial management involves long-term planning and decision-making aligned with the organization's goals, while tactical financial management deals with day-to-day financial operations and short-term decision-making to ensure smooth functioning and meeting short-term obligations.
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surveying customers about their preferences and using that information to inform business strategy is an example of data-driven decision-making. 1 point
true
false
Surveying customers about their preferences and using that information to inform business strategy is indeed an example of data-driven decision-making. So the answer is true.
By gathering the data directly from customers through surveys, businesses can gain valuable insights into their preferences, needs, and behavior. By leveraging the power of data, businesses can make more informed decisions and drive better results.
This data can then be analyzed and used to make informed decisions and shape business strategies. Data-driven decision-making allows companies to make evidence-based choices that are more likely to resonate with their target audience and lead to positive outcomes.
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Which of the following method(s) best identifies all the risks faced by an organization?
a. questionnaires
b. checklists
c. procedure guides
d. combination of all of the above
The best method to identify all the risks faced by an organization is a combination of all the above methods, i.e., a combination of questionnaires, checklists, and procedure guides.
Questionnaires are useful for gathering information about the risks faced by an organization from different stakeholders such as employees, customers, and suppliers. Checklists help to identify risks in a systematic manner and ensure that no risks are overlooked. Procedure guides provide a framework for identifying and managing risks.
By using a combination of these methods, an organization can develop a comprehensive risk management plan that takes into account all the risks faced by the organization. This approach allows for a more thorough identification and assessment of risks, which is critical for effective risk management.
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Wha is risk return trade off meaning?
Risk-return trade-off refers to the balance between the risk involved and the potential return that can be gained.
This concept is used in finance, economics, and investment management to assess the amount of risk one can take in exchange for a potential return.
Risk is defined as the possibility of incurring a loss, while return refers to the amount of profit that one can earn from an investment. When making investment decisions, it is important to evaluate the amount of risk involved and the potential return that can be gained.
The higher the risk involved, the higher the potential return.
However, higher risk also means the potential for greater loss. The concept of a risk-return trade-off is used to help investors make informed investment decisions.
The trade-off between risk and return varies depending on an individual's goals, investment horizon, and risk tolerance. It is important to strike a balance between the two to achieve one's investment objectives.
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In a paragraph response below, describe how the structure and organization of this text affected the listening/reading experience. How did it enhance the message behind the speech?
Text structures describe how writers arrange information in their texts. Understanding the fundamental organization of texts can assist students in concentrating on important ideas and relationships, anticipating what will come next, and keeping track of their knowledge as they read.
What is text structure?Text structures describe how writers arrange information in their texts. Students may concentrate on important ideas and relationships, anticipate what will happen next, and keep track of their knowledge as they read by understanding the underlying structure of texts.
Sequential, narrative, time, proposition/support, compare/contrast, problem/solution, order/chronology, cause/effect, inductive/deductive, and study are a few examples of text structures.
Academic writing must have a solid structure. A coherent document in academic writing must have a clear structure and logical flow.
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Sandra is hired by a sparkling water manufacturer. Her primary function at the company is transforming resources into goods and services. Sandra is involved in
Sandra is involved in production.
What is Production?
Production can be described as the process of transforming or converting resources into goods and services.
In any organization, the depart that is in charge of production is the production or operation department.
Therefore, Sandra is involved in production.
The reason is that the transformation of resources into goods and services is her key job role at the company.
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Which of the following will appear as a line item in the traditional format of an income statement? A. total fixed costs (manufacturing and non-manufacturing) B. contribution margin C. total variable costs (manufacturing and non-manufacturing) D. gross profit
D. Gross profit is the only item from the given options that appears as a line item in the traditional format of an income statement.
Gross profit is the difference between net sales (revenue) and cost of goods sold (COGS).
It represents the amount of revenue that remains after deducting the direct costs associated with producing and delivering the goods or services sold.
Total fixed costs, total variable costs, and contribution margin are not typically shown as line items in the traditional format of an income statement. They may be used in various calculations to arrive at the net income or profit figure, but they are not reported as separate line items.
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what is resource partitioning and how is it an adaptation to competition
Resource partitioning refers to the division of the resources to avoid interspecific competition for limited resources in an ecosystem.
What is Resource partitioning?Resource partitioning is the process of dividing resources among different species in an ecosystem in order to reduce competition and increase the chance of survival for each species. This occurs when different species occupy different niches within an ecosystem and consume different resources. For example, two bird species may feed on different insects within the same tree, reducing the competition for food. This results in each species having its own unique source of food and reduced competition, leading to increased survival rates. Resource partitioning is essential for maintaining biodiversity and reducing the risk of species extinction. It allows different species to coexist within the same ecosystem and prevents the domination of one species over others. Resource partitioning ensures that the resources within an ecosystem are used efficiently and sustainably.
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The journal entry required to close the Drawing account is _____. a debit to Income Summary account and a credit to Drawing account a debit to Capital account and a credit to Drawing account a debit to Capital account and a credit to Cash account None of these choices are correct.
The journal entry required to close the Drawing account is debit to Income Summary account and a credit to Drawing account.
Option a) is correct.
What is Income Summary account ?An income summary is a temporary account that is used to net the closing entries from all the revenue and expense accounts at the conclusion of the accounting quarter. The final balance is regarded as a gain or loss. The company made a profit for that year if the net balance of the income summary is a credit balance, and a loss for that year if the net balance is a debit balance.
It lists all earnings and costs related to both operational and non-operating operations. It is also known as a revenue and expense summary as a result.
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Suppose you have $1,325 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures
The amount I would have when the CD matures is $1573.68.
What is the amount I would have when the CD matures?When an amount is compounded annually, it means that both the amount invested and the interest already accrued increases in value once in a year.
FV = P (1 + r)^n
FV = Future value P = Present value R = interest rate N = number of years1325 ( 1.035)^5 = $1573.68
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Yesterday in class we discussed 4 Era’s of Marketing and how the situation of the world at that time impacted businesses, specifically, marketing. The assignment is to choose ONE of the following era’s and write a letter to a loved one as if you were just starting a job during the marketing era of your choice. In your letter you should mention what is happening in the world to cause this shift in marketing, and what your role is going to be. You can choose which company you are working for: maybe you are starting a job on the assembly line, or becoming a door to door salesperson! Be creative and have fun with it. If you want, try to imagine what the world was like during that time period and use language or current events to make your letter sound more believable.
The letter should be at least 2 paragraphs long and should display that you understand how businesses are using marketing in this new era.
4 Eras:
Production Era (1800’s - 1920)
Selling Era (1920s - 1950s)
Marketing Era (1950s - 1990s)
Value Era ( 1990s - Current )
which outcomes are a result of a high-performance work system? (select all that apply) multiple select question.
A high performance work environment results in increased productivity outcomes.
What does "performance" mean?Overall industry performance refers to the capacity of a corporation to carry out a plan to achieve organisational objectives. It is considered to be an important tool for companies to evaluate how successfully management performs its obligations. Finances or the amount of money each employee makes are two. Using these performance measurements will enable you to make more accurate judgments in regard to the goals.
Why is performance so important?Creating an efficient team can help you finish projects on time, bring in money, and improve the brand through positive client interactions. When employees are not functioning adequately, clients get the impression that a company doesn't care about their needs and will seek help elsewhere. Effective workers finish jobs the first time correctly.
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6. allows the life of a company to be divided into artificial time periods so accounting reports can be provided on a timely basis.
The periodic assumptions allows the life of a company to be divided into artificial time periods so accounting reports can be provided on a timely basis.
What is a periodic assumptions?In accounting, it states states that an organization can report its financial results within certain designated periods of time.
Hence, it allows the life of a company to be divided into artificial time periods so accounting reports can be provided on a timely basis.
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After class assignment: Please use the "Incomplete Competition Theory (to ease the dilemma between supply and demand)" to explain the importance of developing cross-border e-commerce for global economic development.
The Incomplete Competition Theory provides valuable insights into the importance of developing cross-border e-commerce for global economic development.
By reducing the barriers to international trade, cross-border e-commerce expands market access for businesses and stimulates both supply and demand dynamics. This, in turn, fosters economic growth, enhances resource allocation efficiency, and drives overall welfare gains.
Incomplete Competition Theory posits that imperfect market integration leads to monopolistic competition, where firms differentiate their products to capture market share. In the context of cross-border e-commerce, this theory highlights how digital platforms enable businesses to reach a wider customer base and engage in price discrimination. By leveraging technology and data, businesses can tailor their offerings to specific market segments, effectively increasing demand elasticity and reducing pricing inefficiencies.
Moreover, cross-border e-commerce facilitates access to a larger pool of suppliers, enabling firms to source inputs at competitive prices. This promotes efficiency and lowers production costs, enhancing firms' competitiveness in the global marketplace. The resulting cost reductions can be quantified through measures such as lowered transaction costs, reduced inventory holding expenses, and improved supply chain management efficiencies.
In conclusion, the Incomplete Competition Theory underscores the significance of cross-border e-commerce for global economic development. By leveraging digital platforms and reducing market imperfections, cross-border e-commerce enhances supply and demand dynamics, leading to economic growth, resource allocation efficiency, and welfare gains. Policymakers should prioritize creating an enabling environment for cross-border e-commerce, including fostering digital infrastructure, addressing regulatory barriers, and promoting trust and security in online transactions. By embracing cross-border e-commerce, countries can tap into the immense potential of global markets, foster innovation and entrepreneurship, and achieve sustainable economic development in the digital era.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Question 3 of 25
Which of the following statements best explains why some people get life
insurance and others don't?
A. Life insurance is a cost that has no direct benefit.
B. Some people have more than one life-insurance policy.
C. Different people are willing to face different kinds of risks.
D. Some life insurance companies go out of business before you die.
Nolan wants to raise money to participate in a cancer fundraiser walk. He sets the following goal for himself:
I will earn $600.000 for the cancer fundraiser by asking for donations.
Please describe the effectiveness of Nolan's goal in two to three complete sentences using the MAD goals concept.
The effectiveness of Nolan's goal can be achieve using the MAD goals concept when her idea is Measurable, Attainable, and have a Deadline.
What is the Mad goals concept?The MAD Goals are:
Measurable Attainable Deadline.The effectiveness of Nolan's goal can be achieve using the MAD goals concept when her idea is Measurable, Attainable, and have a Deadline. When the cancer donations falls within the define steps above, she can be able to attain her goal.
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the accounting department should only have access to ________ since its function is to
The function of the accounting department is to record and verify changes in money and to do this, the department should have access to financial records.
The accounting department is an important department in all companies that deals with money and registers the changes of it. The functions of the department include:
Verifying money changes are accurate.Registering these changes of money.Moreover, to verify and register all changes in money, this department requires having access to all types of financial records including:
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a copy of the list of checks; record the change in cash. (Accounting 101)
Suggest an unbiased estimator that could be used to estimate the population proportion of individuals with a ‘degree or equivalent’. Use the sample data in order to provide an estimate. Briefly comment on your choice of estimator and on your estimate
One unbiased estimator that could be used to estimate the population proportion of individuals with a 'degree or equivalent' is the sample proportion.
This estimator is unbiased because it is based on the random sampling of individuals from the population, which ensures that the sample is representative of the population.
To provide an estimate, we would need sample data that includes the number of individuals in the sample who have a 'degree or equivalent' and the total number of individuals in the sample.
For example, if we had a sample of 500 individuals and 200 of them had a 'degree or equivalent', then the sample proportion would be 0.4 (or 40%).
It is important to note that the sample proportion is only an estimate and there is always some degree of uncertainty associated with it.
To determine the level of precision and confidence in the estimate, we would need to calculate the margin of error and construct a confidence interval.
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[blank] is when a firm provides the rights to sell its products and use its trademark to an another firm.
Franchising is when a firm provides the rights to sell its products and use its trademark to another firm.
Franchising is a popular business model that enables a company to expand its reach without taking on the full cost and risk of opening new locations. When a firm franchises, it allows another company to operate under its brand name and use its established business systems, products, and services. The franchisor provides training and ongoing support to the franchisee, who in turn pays a fee to the franchisor for the right to use the brand name and operating system. This arrangement benefits both parties, as the franchisor can rapidly expand its presence and the franchisee can take advantage of an established brand and business model. Trademarks are crucial to franchising because they provide legal protection for the brand name and prevent others from using it without permission.
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