The expected return of the Johnson & Johnson Corporation for the financial conditions given above will be 7 percent.
The computation of the expected return can be done using the information provided above, and input of the values into the generalized formula. The calculation of the expected return has been shown below,
Expected Return = Risk free rate + Beta*(Marker return rate – Risk free rate)
Expected Return = 7% + 0.33x(10.5%-7%)
Expected Return = 0.07
Therefore, the expected return will be 7 percent.
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State any five reasons why an entrepreneur may carryout Market survey
Answer: Whether you are thinking of venturing into a new market or launching a new product, conducting a marketing assessment is the crucial first step in determining if there is a need or a potential customer base for your product. to know what the other people are interested in, for example they do a survey to see how much of each product they need and the popularity of how many people like the stuff, those are 2 reasons, quantity and I would say popularity 3: get the people to know that enreprenuer cares 4 and five just think about it... Why is market research important for new business ideas? Market research should never be underestimated. Many successful new businesses enjoy longevity because their owners conduct regular market research to understand their target market, identify consumer problems and pinpoint realistic competitors. Determine key market factors: Cost, Consumer Demographics, Challenges, Opportunities. ... These factors will help you determine how you will need to market to consumers, face your competition, and develop your overall business plan.
Hope this helps....... Stay safe and have a Merry Christmas!!!!!!!! :D
Explanation:
a company produces a pair of skates for $43.53 and sells each pair for $89.95. if the fixed costs are $742.72, how many pairs must the company produce and sell in order to break even?
The company must produce and sell approximately 16 pairs of skates to break even. Please note that it's not possible to produce and sell a fraction of a pair of skates, so the answer has been rounded up to the nearest whole number.
To calculate the break-even point, we need to consider the fixed costs, variable costs per unit, and selling price per unit. In this case, fixed costs are $742.72, the cost to produce each pair of skates is $43.53, and the selling price is $89.95 per pair.
First, let's find the contribution margin per unit, which is the selling price per unit minus the variable cost per unit:
Contribution Margin = Selling Price - Variable Cost
Contribution Margin = $89.95 - $43.53
Contribution Margin = $46.42
Now, to calculate the break-even point in units, we need to divide the fixed costs by the contribution margin per unit:
Break-even Point (units) = Fixed Costs / Contribution Margin
Break-even Point (units) = $742.72 / $46.42
Break-even Point (units) ≈ 16 pairs
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To determine how many pairs of skates the company must produce and sell to break even, we need to use the formula for calculating the break-even point:
Break-even point = Fixed costs / (Selling price per unit - Variable cost per unit)
First, we need to calculate the variable cost per unit:
Variable cost per unit = Selling price per unit - Production cost per unit
Variable cost per unit = $89.95 - $43.53
Variable cost per unit = $46.42
Now, we can plug in the numbers to the formula:
Break-even point = $742.72 / ($89.95 - $46.42)
Break-even point = $742.72 / $43.53
Break-even point = 17.04
Therefore, the company must produce and sell at least 18 pairs of skates to break even (since we can't sell a fraction of a pair). In other words, the company must generate enough revenue from selling 18 pairs of skates to cover all of its fixed costs and variable costs. Any additional pairs sold beyond the break-even point will result in profits for the company.
It's worth noting that this calculation assumes that all of the skates produced are sold. If there is any unsold inventory, it will reduce the profitability of the company. Additionally, this calculation doesn't account for any other expenses the company may have beyond fixed and variable costs.
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true or false , The tails of the t distribution contain less area
than the tails of the normal distribution.
False. The tails of the t distribution contain more area than the tails of the normal distribution. The t distribution has fatter tails, reflecting the greater probability of observing extreme values in comparison to the normal distribution.
The tails of a distribution refer to the extreme ends of the distribution, where the probabilities of observing values are relatively low. In the case of the t distribution, which is a probability distribution used in hypothesis testing and constructing confidence intervals for small sample sizes, the tails have more area compared to the tails of the standard normal distribution. The reason for this lies in the shape of the t distribution. The t distribution has thicker tails compared to the normal distribution, which means it assigns more probability to extreme values. This characteristic is due to the additional uncertainty introduced by estimating the population standard deviation from a small sample. In contrast, the normal distribution has relatively thinner tails, meaning it assigns less probability to extreme values compared to the t distribution. The tails of the normal distribution asymptotically approach zero, indicating that extreme values are highly unlikely.
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What helps a consumer determine the quantity of something to buy?
marginal cost
marginal error
marginal benefit
marginal comparison
Answer:
marginal cost
Explanation:
"Marginal cost" plays a role when it comes to the quantity that consumers may actually buy for a particular product. If a company decides to produce many bags of good quality at a lower price, the company will be able to save money because over time, they will tend to choose a bulk purchase in which they'll be able to save money. Thus, their marginal cost will decrease. In this case, they can also lower the price for each bag. So, this means that their bags will not be expensive for consumers to buy and the more quantity the consumers will be willing to purchase.
Answer: The answer should be:
A: marginal cost
Explanation:
Edge 2023
Hope this helps! (^_^)
One benefit of a savings account is that you can earn interest on your deposits
O True
O False
Answer:
O True
Explanation:
A savings account offers a safe and secure platform for firms and households to save money. Savings accounts are offered by financial institutions such as banks and credit unions. When customers open savings accounts, they save by depositing money in their savings accounts.
Banks and credit unions require customer deposits to create loans for other customers. They encourage customers to save by offering interest on savings or deposits. It is true that banks pay interest on customer savings.
The sales force composite forecasting method relies on​ salespersons' estimates of expected sales.
A​ time-series model uses a series of past data points to make the forecast.
The quarterly​ "make meeting" of Lexus dealers is an example of a sales force composite forecast.
The sales force composite forecasting method is a technique that relies on the input of salespeople to estimate expected sales.
It takes into account their knowledge of customers and market trends, allowing for a more accurate prediction of future sales. In contrast, a time-series model uses past data points to create a forecast.
For example, if a business wanted to predict future sales based on historical sales data, they would use a time-series model. Finally, the quarterly "make meeting" of Lexus dealers is an example of a sales force composite forecast.
At this meeting, the sales team comes together to share their predictions for future sales based on their interactions with customers and other market data. This information is then used to create a composite forecast for the coming quarter.
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The emergence of self-driving cars is an example of ""creative destruction"" because.
This is because: Self-driving cars will be less expensive to build than current cars.
What is creative destruction?This term was coined by Joseph Schumpeter. The concept of creative destruction refers to the process of economic innovation, in which some products are replaced by others, or some firms die because they are driven out of the market by others, and so on.
When a company produces a new good that makes the old ones already in the market obsolete, the company is said to be creatively destroying the old goods.
An classical example of creative destruction occurred when Steve Jobs introduced the Iphone in 2007.
Therefore, the emergence of self-driving cars is an example of ""creative destruction"" because self-driving cars will be less expensive to build than current cars
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If you pay $6650 in interest on $165 000 principal for 7 months, what is the nominal annual rate?
the nominal annual rate in this case is approximately 29.8%.
To calculate the nominal annual rate, we use the formula:
Nominal Annual Rate = (Interest / Principal) * (12 / Number of Months)
Given that you paid $6650 in interest on a principal of $165,000 for 7 months, we can substitute these values into the formula.
Nominal Annual Rate = ($6650 / $165,000) * (12 / 7)
By performing the calculations, the nominal annual rate is approximately 29.8%.
Therefore, the nominal annual rate in this case is approximately 29.8%.
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Given the 2020 recession, what should be the goal of monetary policy? Should the Fed enact expansionary or contractionary policy? In other words, should the Fed increase the money supply/credit supply or decrease the money/credit supply. Explain what they might do to achieve their goal.
Answer:
Expansionary monetary policies
Explanation:
A recession is characterized by reduced economic activities, a high unemployment rate, and low business incomes. The economy experiences a reduced demand for products and services, leading to low production and a slow economic growth rate.
In a recession like in 2020, the Fed should employ measures that will stimulate economic growth. The appropriate measures are the expansionary monetary policies. These policies seek to increase liquidity in the market, thereby increasing the aggregate demand. Expansionary monetary policies increase the money supply in the economy; they include a reduction in the reserve requirement, reduction in the discount rate, and open market purchases.
The MBF emphasizes which of the following Tools used Financial results O Graphical and visuals summary O Final report Select only the most important root causes to show in a MBF. True False Management by Facts are used to address gaps in business performance. True O False Question 19 (1 point) Examples of monitoring tools used in the control phase of LSS projects include all of the following except which one? 1) 55 & Visual Management 2) Statistical Process Control O3) Training O4) Audit Plan
The MBF emphasizes the use of graphical and visual summaries, as well as final reports, to showcase financial results and select the most important root causes.
What are the key components highlighted in the MBF approach?The MBF (Management by Facts) approach places importance on specific tools and techniques to analyze and address gaps in business performance. One of the emphasized components is the use of graphical and visual summaries, which provide a clear and concise representation of financial results. These visual representations help stakeholders easily understand and interpret the data, enabling informed decision-making.
In addition to graphical and visual summaries, the MBF approach also emphasizes the use of final reports. These reports consolidate the findings, analysis, and recommendations derived from the data and provide a comprehensive overview of the financial results. The final reports serve as a valuable communication tool, ensuring that stakeholders are well-informed about the outcomes and proposed actions.
Furthermore, the MBF approach highlights the significance of selecting only the most important root causes to show in the MBF. This ensures that attention is focused on the key factors that are driving the observed gaps in business performance. By identifying and addressing these root causes, organizations can implement targeted improvements and achieve sustainable results.
Regarding the statement about Management by Facts, it is true that this approach is used to address gaps in business performance. By relying on data-driven analysis and evidence, Management by Facts allows organizations to identify areas for improvement, make informed decisions, and implement effective strategies to close performance gaps.
In the context of LSS (Lean Six Sigma) projects, monitoring tools play a crucial role in the control phase. Examples of commonly used monitoring tools include Visual Management, Statistical Process Control (SPC), and Audit Plans. These tools enable ongoing tracking and measurement of process performance, ensuring that the desired improvements are sustained over time. Training is also an important element during the control phase, as it ensures that employees have the necessary knowledge and skills to maintain and continuously improve the processes.
In summary, the MBF approach emphasizes the use of graphical and visual summaries, along with final reports, to showcase financial results and select the most important root causes. Management by Facts is employed to address gaps in business performance, and monitoring tools like Visual Management, SPC, and Audit Plans are used in the control phase of LSS projects to ensure sustained improvements.
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Bobbie created a new piece of workout gear. although she couldn't initially find potential investors, she secured a personal loan and borrowed additional money from her parents. her drive to continue believing in her idea and to remain enthusiastic shows that bobbie is
Based on the given description of Bobbi and her unrelenting attitude, we can conclude that Bobbi is D. characteristically self-nurturing.
What is Business?This refers to the venture that involves the buying and selling of goods, with the primary aim of making a profit.
Hence, we can see that based on the fact that Bobbi has a new idea to make workout gear and she does not find investors, she persists and gets a business loan which shows that she is characteristically self-nurturing.
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Which of the following is not one of the three fundamental economic questions?a. For whom to produce?b. How to produce?c. What to produce?d. What happens when you add to or subtract from a current situation?
The following is not one of the three fundamental economic questions: What happens when you add to or subtract from a current situation?
Economics can be defined as the study of how individuals and societies allocate scarce resources among competing alternative uses. It entails analyzing how individuals, businesses, and governments make choices based on their preferences and available resources, and how they interact in markets to establish prices and exchange goods and services.
The three fundamental economic questions that all societies must answer are:
What to produce?How to produce?For whom to produce?
These three questions reflect the most fundamental choices societies must make about how to use their scarce resources to satisfy the wants and needs of their members. What happens when you add to or subtract from a current situation is not one of the three fundamental economic questions since it is more of an analytical framework that economists use to study how markets work and how government policies can influence economic outcomes
Economics is the study of how societies and individuals distribute scarce resources among competing alternatives. It involves analyzing how individuals, businesses, and governments make decisions based on their preferences and resources and how they interact in markets to set prices and trade goods and services.
The three essential economic questions that all societies must address are: What to produce, how to produce it, and for whom to produce it. These three questions reflect the most basic choices societies must make about how to allocate their limited resources to meet the desires and needs of their members. When you add or subtract from an existing situation, it is not one of the three fundamental economic questions. This is more of a theoretical framework that economists use to investigate how markets function and how government policies can affect economic outcomes.
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Scarbrough Corp. factored $600,000 of accounts receivable to Duff Corp. on October 1, year 2. Control was surrendered by Scarbrough. Duff accepted the receivables subject to recourse for nonpayment. Duff assessed a fee of 3% and retains a holdback equal to 5% of the accounts receivable. In addition, Duff charged 15% interest computed on a weighted-average time to maturity of the receivables of fifty-four days. The fair value of the recourse obligation is $9,000. Scarbrough will receive and record cash of
Answer:
$538,685
Explanation:
Calculation to determine what Scarbrough will receive and record cash of
Receivables $600,000
Less: Amount of the hold back ($30,000)
($600,000 x 5%)
Less: Withheld as fee income ($18,000)
($600,000 x 3%)
Less: Withheld as interest expense ($13,315)
($600,000 × 15% × 54/365)
Cash $538,685
($600,000-$30,000-$18,000-$13,315)
Therefore Scarbrough will receive and record cash of $538,685
Javed had the following assets and liabilities at the beginning and end of his financial year:
Beginning of the year End of year
Rs. Rs. Trade payables 18,000 22,000
Inventories 24,000 27,500
Long-term borrowings 15,000 10,000
Property plant and equipment 82,000 86,500
Cash and cash equivalents 2,500 1,500
During the year, Javed withdrew Rs. 11,500 in drawings and no capital was introduced. How much profit did Javed make for the year?
Javed made a profit of Rs. 6,500 for the year.
To calculate the profit for the year, we need to determine the change in Javed's equity between the beginning and end of the year. This can be calculated using the formula:
Profit = (Ending Equity - Beginning Equity) - Drawings
Javed's equity can be calculated as follows:
Beginning Equity = Property plant and equipment + Inventories + Cash and cash equivalents - Trade payables - Long-term borrowings
Beginning Equity = 82,000 + 24,000 + 2,500 - 18,000 - 15,000
Beginning Equity = Rs. 75,500
Ending Equity = Property plant and equipment + Inventories + Cash and cash equivalents - Trade payables - Long-term borrowings
Ending Equity = 86,500 + 27,500 + 1,500 - 22,000 - 10,000
Ending Equity = Rs. 83,500
Using the formula, we can calculate the profit:
Profit = (83,500 - 75,500) - 11,500
Profit = Rs. 6,500
Therefore, Javed made a profit of Rs. 6,500 for the year. This profit represents the increase in Javed's equity during the year, considering the changes in his assets, liabilities, and drawings. It is important to note that no additional capital was introduced during the year, so the profit is solely generated from the operations of the business.
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Which type of multiple protection policy pays on the death of the last person?
A. Joint Life Policy
B. Dual Life Policy
C. Multiple Life Policy
D. Survivorship Life Policy
The type of multiple protection policy pays on the death of the last person is Survivorship Life Policy.
A Survivorship Life Policy is the type of multiple protection policy that pays on the death of the last person. Also known as a "second-to-die" policy, it is commonly used in estate planning or when insuring the lives of business partners or spouses.
In a Survivorship Life Policy, the coverage is typically provided for two individuals, such as a married couple. The death benefit is paid out only after both insured individuals have passed away. This means that the policy does not pay a death benefit upon the death of the first insured person, but rather upon the death of the last surviving insured person.
This type of policy is often used to provide financial support for surviving beneficiaries, cover estate taxes, or ensure the passing on of wealth to future generations. It can be an effective way to provide protection when the financial impact is expected to occur upon the death of the second individual.
The type of multiple protection policy that pays on the death of the last person is a Survivorship Life Policy, also known as a "second-to-die" policy.
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the following list includes temporary accounts from the december 31 adjusted trial balance of emiko company. use these normal account balances to journalize closing entries.
Journalizing the closing entries from the December 31 Adjusted Trial Balance for Emiko Company using the temporary accounts is as follows:
Closing Journal Entries:Debit Retained Earnings
Credit Dividends $33,000
Debit Sales $529,000
Credit Income Summary $529,000
Debit Income Summary $17,500
Credit Sales returns and allowances $17,500
Debit Income Summary $5,000
Credit Sales discounts $5,000
Debit Income Summary $213,300
Credit Cost of goods sold $213,300
Debit Income Summary $49,700
Credit Sales salaries expense $49,700
Debit Income Summary $15,000
Credit Utilities expense $15,000
Debit Income Summary $39,000
Credit Selling expenses $39,000
Debit Income Summary $105,000
Credit Administrative expenses $105,000
What are closing entries?Closing entries are the period's end journal entries to close temporary accounts to the income summary and the retained earnings.
Temporary accounts include revenues, expenses, net income or loss, and dividends.
The net result of the income summary is also closed to the retained earnings.
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Question Completion:Dividends $33,000
Sales $529,000
Sales returns and allowances $17,500
Sales discounts $5,000
Cost of goods sold $213,300
Sales salaries expense $49,700
Utilities expense $15,000
Selling expenses $39,000
Administrative expenses $105,000
Performance Assessment Task
Jrotc
This performance assessment task gives you an opportunity to document your achievement of the lesson’s competency: Demonstrate proper etiquette in social settings For this performance assessment task, you will complete the Dining-Out scenario. For this assessment you will: Read the following scenario and individually complete the information below. Be prepared to share your answers in class. The same criteria in the scoring guide below can be used to evaluate your performance of proper etiquette and manners at the annual Cadet Ball. Scenario: The annual Dining-Out is in five months. You have been asked to be a member of the Dining-Out committee. The committee plans all aspects of the Dining-Out. Complete this assignment as if you are preparing for the meeting and event. The committee will discuss invitations, table settings, receiving line protocol (guest speaker and other dignitaries), proper dress, protocol for honoring the nation, and thank you notes. 1. Invitations: Create the text for the invitation. Include all pertinent information including dress code and RSVP: Table Setting: On the back of this page, draw a picture of the appropriate table setting for the following menu: Fresh Garden Salad with Dressing Dinner Roll Tomato Soup Beef Tenderloin or Grilled Salmon New York Style Cheesecake with strawberries Iced Tea and water 2. Receiving line and other protocol: a. Who belongs on the line? b. What order should the guests stand in? c. Address the appropriate protocol for honoring the nation. d. Describe how you will greet the guest of honor(s): e. What attire should you wear? 3. Thank you notes: Create a sample thank you note to send to the guest speaker: 4. Explain your role in the annual Cadet Ball as a Year 1 Cadet: 5. Use the attached scoring guide criteria for what you need to do to complete this task. 6. Submit your completed performance assessment task and scoring guide to your instructor for evaluation and a grade.
The invitation should include the date, time, location, the dress code, RSVP deadline, and any other important relevant information such as the theme of the event.
The invitation text will be like this: You are cordially invited to attend the Annual Dining-Out hosted by the JROTC program. The event will take place on [date] at [time] at [location]. Dress code for the evening is formal attire, which includes a dress uniform or civilian formal wear.
Please RSVP by [RSVP deadline] to [contact information]. We look forward to your presence at this event.
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Variable costs are
O the costs related to the product that have to be paid regardless of the amount you sell
the costs that change depending on a company's performance
O the costs resulting from a business owner's choice when selecting one thing over another and how it will impact the business
O none of the above
Next
HELP PLS
Answer:
the costs that change depending on a company's performance
Explanation:
Variable costs refer to the costs that fluctuate with the level of production. An increase or decrease in the output level results in variable costs moving in the same direction. If the business stops production, the variable costs will be nil.
Raw materials and packaging costs are good examples of variable costs. The more a company produces, the more materials it consumes, and the higher the costs of purchasing the materials.
Answer:
Costs that change depending on companys performance
Explanation:
EDGE 2021 Entreprenuership Test
The expected market retum is 6.00% and risk-free rate of retum is 5.00%. What is the expected return of a stock that has a. beta of 2.20 ? 6.98%; 18.20%; 7.20%; 6.91% ;7.34%
the expected return on the stock that has a beta of 2.20 is 7.20%.Hence, option (C) is the correct answer.
The expected market return is 6.00% and risk-free rate of return is 5.00%.
The expected return on a stock having a beta of 2.20 would be 7.20%.
Expected Return on Stock = Risk-Free Rate + Beta * (Expected Market Return - Risk-Free Rate)
Substitute the values in the above formula:
Expected Return on Stock = 5.00% + 2.20 * (6.00% - 5.00%)Expected Return on Stock = 7.20%
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c) It seems clear that the future is likely to involve more technology, not less, so that engineers will face demands for Innovation and Invention design of technical systems of unprecedented complexity. Distinguish between Innovation and Invention as applied to technological Design.
Innovation involves improving existing technology through new ideas and methods, while invention is the creation of entirely new technology or systems. Both are crucial for engineers in the face of increasing technological complexity.
In the context of technological design, innovation and invention play distinct roles. Innovation involves improving upon existing technology by introducing new features, enhancing functionality, or finding more efficient ways of achieving a goal. It focuses on incremental advancements and refinements to existing systems. Engineers involved in innovation work with the foundation already in place and seek to optimize it further. For example, a smartphone company may innovate by introducing a faster processor or a more advanced camera system.
On the other hand, invention involves the creation of entirely new technology or systems. It represents a breakthrough moment when something groundbreaking and unprecedented is brought into existence. Invention often requires a high level of creativity and a deep understanding of scientific principles. Engineers involved in invention push the boundaries of what is currently known and strive to develop revolutionary concepts. For instance, the invention of the internet or the development of electric vehicles are examples of major technological breakthroughs.
In summary, innovation focuses on improving and refining existing technology, while invention involves the creation of entirely new technology or systems. Both processes are crucial for engineers in the face of increasing technological complexity, as they provide avenues for progress, advancement, and meeting the demands of the future.
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What do you think Anielski means by the phrase
"a depletion of the social capital upon which an
economy depends"? Do you agree with him?
Answer: yes I agree the him
Explanation:
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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Briefly describe a sensible equipment maintenance checklist appropriate for a travel booking agency with about four computers that are used to go online and make flight and hotel reservations and use dedicated calendar, appointment, and customer database software. Include in your description at least three discrete programs, systems, procedures, or operations that would go on this checklist. For at least one of the items on the list, describe in detail how you would actually use that procedure in practice, including how often the procedure should be performed
Answer:
Checklists are clear
Explanation:
checklist:-
Checklist is the simplest method for systematizing scoping of the likely effects of a proposed policy. They help point out areas that require a more detailed assessment. This way, checklists can help to organize the assessment and identify the most important issues.Steps to create
Step 1: Do a “brain dump”
Step 2: Organize and prioritize tasks.
Step 3: Put them on your to-do list.
Step 4: Check off each item as you complete it.
Step 5: Continue adding items as they come up.
Excuse me,
(ಠ_ಠ)
ง ง
BOX 2.5 Case Highlight Limiting Imports of Hormone-Treated Beef Case Name and Tribunal European Communities-Measures Concerning Meat and Meat Products (Hormones) (WTO Appellate Body, 1998)17 Facts In response to concerns of EU citizens about the risks presented by beef injected with natural and synthetic growth hormones, the European Union imposed a ban on the import of such beef. The United States challenged the restriction under the SPS Agreement, claiming that the panel reviewing the issue evalu- ated the risk associated with the use of hormones for growth promotion twice and the only evidence on record showed that the studies looked at a "theoretical framework for the systemic analysis of such problems" but did not actually investigate and evaluate the problems that arise from the use of such hormones. Issue Did the EU's ban on hormone-treated beef comply with the re- quirements of the SPS Agreement? Decision A risk assessment, as required by Article 5.1, is "a scientific process aimed at establishing the scientific basis for the sani- tary measure a Member intends to take." The ban was found not to be based on a risk assessment that followed scientific principles and procedures and, therefore, was in violation of the SPS Agreement. Analysis/Application In order to rely on exceptions to the GATT under the Agree- ment on Technical Barriers to Trade (TBT Agreement), member states must rely on sound scientific principles and provide evi- dence of such. Aftermath The case raised difficult issues and required a consideration of the uncertainty presented by divisions of scientific opinion. The European Union was unwilling to remove its restrictions on the import of the hormone-treated beef, with the result that the WTO in 1999 authorized the United States and Canada to col- lect penalties of more than $100 million per year in extra duties on European exports. The European Union brought the issue back to the WTO, where unprecedented open hearings were held in 2005. The European Union argued that new scientific evidence showed that the European Union complied with the 1998 WTO judgment. The impasse between the United States and the European Union was settled by way of a negotiated agreement in 2012 in which the European Union kept its ban on importing hormone-treated beef but increased its quota for importing beef from Canada and the United States.
The case mentioned is the European Communities-Measures Concerning Meat and Meat Products (Hormones) case, which was brought before the WTO Appellate Body in 1998.
The case involved a dispute between the European Union (EU) and the United States regarding the EU's ban on the import of beef treated with growth hormones.
The EU had imposed the ban in response to concerns raised by its citizens regarding the potential risks associated with the consumption of beef injected with natural and synthetic growth hormones. The United States challenged the ban, arguing that the EU had not conducted a proper risk assessment as required under the Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement).
The Appellate Body, in its decision, determined that the EU's ban on hormone-treated beef did not comply with the requirements of the SPS Agreement. It stated that a risk assessment should be a scientific process aimed at establishing the scientific basis for the sanitary measure, and the EU's ban did not follow scientific principles and procedures.
The case highlighted the importance of relying on sound scientific principles and providing evidence when implementing trade measures that may restrict imports. Under the Agreement on Technical Barriers to Trade (TBT Agreement), exceptions to the General Agreement on Tariffs and Trade (GATT) require adherence to scientific principles.
The aftermath of the case resulted in tensions between the United States and the European Union, with the WTO authorizing the United States and Canada to impose extra duties on European exports. Subsequent efforts were made to resolve the dispute, and in 2012, a negotiated agreement was reached. The European Union maintained its ban on importing hormone-treated beef but increased its quota for importing beef from Canada and the United States.
Overall, the case showcased the challenges of balancing trade restrictions based on public health concerns and the need to ensure that such measures are supported by scientific evidence and comply with international trade agreements.
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Which paradigm focuses on equal opportunity, fair treatment, recruitment of minorities, and strict compliance with the equal employment opportunity laws? Learning and effectiveness Profit and growth Discrimination and fairness Access and legitimacy
The paradigm that focuses on an equal opportunity, fair treatment, recruitment of minorities, and strict compliance with the equal employment opportunity laws is the Access and Legitimacy paradigm.
What is the Access and Legitimacy paradigm?The access and legitimacy paradigm of diversity represents the lowest level of diversity management. It views cultural differences as unique perspectives that can provide insights and perspectives that improve business outcomes. To recruit, train, and retain a diverse workforce, it emphasizes adherence to laws, guidelines, and regulations on equal employment opportunity and affirmative action.
The access and legitimacy paradigm emphasizes social justice, and fair treatment and emphasizes diversity programs that are consistent with business objectives, not just social justice issues.
Diversity management aims to identify, appreciate, and make the most of differences in employees. These differences may include age, sexual orientation, physical ability, gender, race, and religion. Organizations that embrace diversity benefit from the new perspectives and ideas that diversity brings, as well as the increased employee morale that results from being recognized and valued for individual differences.
Therefore, the Access and Legitimacy paradigm is an essential component of an organization's diversity strategy.
To learn more about the access and legitimacy paradigm refer: https://brainly.com/question/13142025
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What is the purpose of a design brief?
a good intended for final use by consumers rather than business
Answer:
A consumer good is a product intended for final use by a consumer.
Explanation:
Consumer good: a good intended for final use by consumers rather than by businesses
Which of the following should NOT be used as a piece of personal protective equipment when using pesticides?
Answer:
Explanation:shorts
On January 1, $500,000 of 8%, 10-year bonds were sold for $530,000. The bonds require semiannual interest payments on June 30 and December 31. What's the correct entry for recording the June 30 interest payment on the bonds?
Answer and Explanation:
The journal entry is given below:
Date Accounting & Explanation Debit ($) Credit ($)
30th June Expenses account interest 18,500
Amortization of the bonus
premium due will be:
\((\frac{30000}{20} )\) 1,500
Accounts cash:
\((500000\times 8 \ percent\times \frac{6}{12})\) 20,000