The barrier that has kept new firms from entering the market for aluminum and limited competition for Alcoa is that they have almost exclusive ownership of bauxite, which is a key input in the production of aluminum.
This has made it difficult for new firms to enter the market and compete with Alcoa, as they would face higher costs for obtaining the necessary inputs. While Alcoa may also have lower long-run average costs and economies of scope from producing multiple types of products, the ownership of bauxite is the primary barrier to entry in the aluminum market.
The barrier that has kept new firms from entering the market for aluminum and allowed The Aluminum Company of America (Alcoa) to face limited competition is C. Alcoa has had almost exclusive ownership of bauxite, which is a key input in the production of aluminum. This has made it difficult for potential competitors to enter the market and compete effectively with Alcoa.
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The barrier that has kept new firms from entering the market for aluminum, where the Aluminum Company of America (Alcoa) has faced limited competition, is the almost exclusive ownership of bauxite. Option C
Bauxite is the primary source of aluminum, and Alcoa has been able to secure a significant portion of the world's bauxite reserves. This has given them an advantage over competitors because they can produce aluminum at a lower cost, which is essential in a commodity market like aluminum.
Having access to a significant portion of the world's bauxite reserves allows Alcoa to achieve economies of scale, which is crucial in a commodity market. This allows them to produce large quantities of aluminum at a lower cost per unit than their competitors. As a result, new firms have found it challenging to enter the market and compete with Alcoa, given the high entry costs.
Furthermore, Alcoa has also enjoyed economies of scope from producing multiple types of products, which has allowed them to spread their fixed costs over a broad range of products, further lowering their long-run average costs. This has made it challenging for new firms to compete with them, given their cost advantage.
In conclusion, the almost exclusive ownership of bauxite, which is a key input, has been the primary barrier that has kept new firms from entering the market for aluminum, where Alcoa has faced limited competition. The ownership of bauxite has allowed Alcoa to achieve economies of scale and scope, which has given them a cost advantage over their competitors, making it challenging for new firms to compete in the market.Therefore option C is correct.
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In considering the Manufacturing Overhead (MOH) Budget, which of the following statements is NOT correct?
Multiple Choice, O The Sales Budget is prepared before the MOH Budget. O The MOH Budget gives management information regarding the budgeted cash disbursements for manufacturing overhead. O Only the variable portion (not the fixed portion) of MOH is represented in the MOH Budget. O All costs of production, excluding direct materials and labor costs, are included in the MOH Budget
The statement "Only the variable portion (not the fixed portion) of MOH is represented in the MOH Budget" is NOT correct.
The MOH (Manufacturing Overhead) Budget includes both the variable and fixed portions of manufacturing overhead costs. Manufacturing overhead costs consist of various expenses, such as indirect materials, indirect labor, utilities, rent, depreciation, and maintenance, that are necessary for the production process but cannot be directly attributed to a specific product or unit of output.
The purpose of the MOH Budget is to estimate and plan for the total manufacturing overhead costs for a specific period. This includes both variable costs, which fluctuate with production volume or activity, and fixed costs, which remain constant regardless of production levels.
By including both variable and fixed portions in the MOH Budget, management can have a comprehensive understanding of the total manufacturing overhead expenses and make informed decisions regarding resource allocation, pricing, and cost control.
In summary, the MOH Budget includes both the variable and fixed portions of manufacturing overhead costs, contrary to the statement mentioned. Understanding the components of the MOH Budget is essential for effective budgeting and cost management in manufacturing operations.
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Describe entrepreneurship. How is it different than working for someone else?
How does entrepreneurship affect you? How does it affect the economy?
It is the study of process involved in identifying a business opportunity and acquiring the necessary resources to start and run the business
~It has created employment
~It has reduced rural-urban migration since some businesses have been set up in Rural areas.
~Saving imports since goods can be locally produced reducing the cost of importing them
~It has raised people's standard of living since one can acquire goods he/she can't produce
~The government can earn there revenue from taxation of the businesses set up by the entrepreneurs
The entrepreneur is the person involved in entrepreneurship.He/she can be the employer of his/her business.Thats what makes it different from being employed/working for someone else.We can say Bill Gates is an entrepreneur since he started Microsoft
following data:
Fixed overheads: £40,000
Selling price: £6
Variable cost per unit: £4
If the selling price is increased by 50% then the break-even level would
now be: *
(1 Point)
8,000 units
20.000 units
O 10,000 units
0 12500 units
Answer:
If the selling price is increased by 50% then the break-even level would now be 8,000 units.
Explanation:
The following are given in the question:
Fixed overheads = £40,000
Initial selling price = $6
Variable cost per unit = £4
Percentage increase in selling price = 50%
Therefore, we have:
New selling price = Initial selling price * (100% + Percentage increase in selling price) = £6 * (100% + 50%) = £9
New contribution margin per unit = New selling price - Variable cost per unit = £9 - £4 = £5
New break-even level = Fixed overheads / New contribution margin per unit = £40,000 / £5 = 8,000 units
Therefore, if the selling price is increased by 50% then the break-even level would now be 8,000 units.
In trading account freight belongs to which side debit or credit?
Answer:
Explanation:
In trading account, freight belongs to the debit side. It is a direct expenses on purchases and manufacturing operation
Freight is the cost incurred in transporting an item to its final destination when the terms are FOB shipping point. It is treated as part of the cost of merchandise and recorded in the inventory if the merchandise has not been sold.
Increase in the cost of freight are recorded on the debit side while decrease are recorded on the credit side.
n a speech that Senator Robert Kennedy gave when he was running
for president in 1968, he stated:
The GDP does not allow for the health of our children, the
quality of their education, or the joy of t
The quote by Senator Robert Kennedy highlights a criticism of GDP (Gross Domestic Product) as a measure of economic progress.
He emphasizes that GDP fails to capture important aspects of well-being, such as the health of children, the quality of education, and the overall happiness and fulfillment of individuals.
GDP is a commonly used indicator to measure the economic performance of a country, as it represents the total value of all goods and services produced within a specific time period.
However, it primarily focuses on monetary transactions and economic output, often neglecting important social and environmental factors.
Senator Kennedy's statement suggests that a narrow focus on GDP alone is insufficient for evaluating the overall welfare and development of a society.
It implies that a more comprehensive measure should take into account factors such as health, education, and happiness, which are vital for the well-being of individuals and the overall progress of a nation.
This perspective aligns with the broader discussions around alternative measures of progress, such as the Human Development Index (HDI) and Gross National Happiness (GNH), which aim to incorporate a broader range of indicators beyond economic output to provide a more holistic assessment of societal well-being.
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The Bureau of Labor Statistics publication that provides detailed and up-to-date information about the US workforce.
The Bureau of Labor Statistics publication provides detailed and up-to-date information about the U.S. workforce is the Occupational Outlook Handbook.
The Occupational Prospects Handbook (OOH) is a publication of the US Department of Labor's Bureau of Labor Statistics that offers information about the nature of employment, workplace conditions, training and education, wages, and job outlook for hundreds of jobs in the United States. It is produced twice a year, along with a companion product, the Career Guide to Industries, and is available for free download from the Bureau of Labor Statistics' website. The 2012-13 edition came out in November 2012, and the 2014-15 edition came out in March 2014.
Because it is a product of the federal government of the United States, the Handbook is not protected by copyright and frequently reprinted in various ways by other publishers, often with new material or features.
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a man invests $2000 in an account that pays 8.5% interest per year, compounded quarterly. (a) find the amount after 2 years?
Investing $2000 in an account that pays 8.5% interest per year compounded quarterly will be worth $2365.46 after 2 years.
Compound interest bases each period's interest calculation on the total from the preceding period. This indicates that the principal for the current time period is now equal to the amount from the prior time period. Adding interest to the current principal sum is referred to as "compounding."
Principal invested = $2000
Rate of interest = 8.5% per year
Using the formula we get:
A = P(1+r/4)^4t
where A = final amount received after t years
P = principal amount invested
r = rate of interest
t = time in years
Substituting the values in the formula we get the following:
A = 2000(1+8.5/400)^4*2
= 2000(1.0212)^8
= 2000*1.1827
= $2365.46
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discuss the negative impact that crime has on businesses
Answer:
Crime has a significant negative impact on businesses around the world. It not only affects the business owner but also their employees and customers. The following are some of the ways in which crime impacts businesses.
Firstly, theft and burglary are common crimes that affect businesses. Thieves and burglars target businesses in the hope of making quick profits. The result is a loss of valuable and expensive equipment, inventory, and cash. Businesses can lose thousands of dollars due to theft and burglary. This loss often cannot be recovered, which affects the financial stability and profitability of the business.
Secondly, vandalism is another crime that affects businesses. Vandalism involves the destruction of property or assets and can happen for a variety of reasons, including revenge, vandalism, and theft. Such damage can be expensive to repair and can create a negative perception of the business in the eyes of its customers.
Thirdly, cybercrime is a modern type of crime that has significant effects on businesses. Many businesses now use technology for their day-to-day operations, which makes them vulnerable to cyber-attacks. Cybercriminals can attack a business's website, its payment systems, or email accounts, stealing sensitive information such as customer data, financial records, and intellectual property. Such attacks can lead to reputational damage and loss of trust, which ultimately affects the success or failure of the business.
Lastly, crime can create a sense of fear among employees and customers, which can lead to reduced sales and lower-levels of productivity. When employees are scared to come to work, they may call in sick or even quit their jobs, which makes it harder to run the business. Similarly, when customers perceive an unsafe environment, they often avoid returning to a particular business, which can also have a significant impact on the overall revenue of the business.
In conclusion, it's clear from the above that the negative impact of crime on businesses is significant. Business owners should take preventative measures to secure their premises, information, and employees, to protect the business from financial losses, reputational harm, and loss of clients. Moreover, the government must create policies to tackle crime and provide a safe environment for businesses to thrive.
Explanation:
hope i helped
what type of government action is part of fical policy
FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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Influence of oppurtunity cost on decision makers(economic agents).i dont understand this topic can somebody help me? Thank you
Hi. An explanation of your question is typed below. Take your time to read and understand it. I will make it as simple as possible.
Explanation:
Opportunity cost can be defined as the cost of an alternative forgone when choice is made. This can be simply defined as the cost of something that is left undone as when a choice is made between 2 things to do.
An example is having to choose between going for a vacation or buy a PS5. When yo decide to go for the vacation, the opportunity cost is the PS5. That means you would rather go on a vacation that get a PS5. This can be due to a number of reasons but more often than not, money is usually the factor for making decisions.
That is the money you have at hand decides what you do with it. If you feel you vacation will not be as expensive as getting a PS5, this makes getting the PS5 delayed till the vacation is out of the way.
Other determinants of decision making thta transcends/goes beyond money includes; energy loss, time loss, etc.
These factors alongside money help to determine the opportunity cost.
I trust that you have an idea now about opportunity cost and how decision makers affects it. Cheers.
The money that is promised to be paid in a promissory note is called the ______________.
Question 7 options:
a)
Interest rate
b)
Payee
c)
Principal
d)
Amount
Answer:
The answer to your question is payee
Select the correct answer.
Which of the following is an example of professional development for a cosmetologist?
А.
keeping the same clientele over several decades
B. highly recommending hairstyles from previous years
C. getting trained to use a new beauty product that is now on the market
D.
all of the above
What are three elements of negligence?
Actual Harm
Breach of duty
State of mind
Duty of care
Proximate cause
Motive
Answer:
actual harm
breach of duty
duty to act
explain human centered diplomacy , and its important in international relations and also explain citizen diplomacy and its importance in international relations.
Human centered diplomacy is the application of human-centered design principles and user research techniques to diplomacy. It is important in international relations because it puts people at the center of diplomacy by considering their needs, values, and aspirations. Citizen diplomacy, on the other hand, is the idea that ordinary people can contribute to diplomacy and bridge cultural and political divides. Its importance in international relations is that it helps build trust and understanding between people from different countries.
Human-centered diplomacy is an innovative approach to diplomacy. It emphasizes the use of human-centered design principles and user research techniques to develop diplomatic strategies and policies that are more effective and responsive to people's needs. The goal of human-centered diplomacy is to put people at the center of diplomacy by considering their needs, values, and aspirations.The importance of human-centered diplomacy in international relations is that it helps to ensure that diplomacy is responsive to the needs of people, not just governments. It can help to build trust between countries and promote peace and stability by addressing the underlying causes of conflict.
Citizen diplomacy is the idea that ordinary people can contribute to diplomacy and bridge cultural and political divides. It involves individuals and organizations from different countries working together to promote understanding and cooperation. Citizen diplomats can be anyone from students and teachers to business leaders and community activists.The importance of citizen diplomacy in international relations is that it helps to build trust and understanding between people from different countries. It can help to break down stereotypes and promote dialogue and cooperation. Citizen diplomacy can also help to create long-lasting relationships between people that can help to build a more peaceful and prosperous world.
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consider the 12 weeks of demand data in the following table. calculate the 2-week, 4-week, 6-week, and 8-week sma. what is the 2-week sma for week 9?
The 2-week SMA for week 9 would be 37.5.
To calculate the simple moving average (SMA) for different time periods, we need to add up the demand data for the specified number of weeks and divide it by the number of weeks. For example, to calculate the 2-week SMA, we add up the demand for week 1 and week 2 and divide it by 2.
To calculate the 4-week SMA, we add up the demand for week 1 to week 4 and divide it by 4. Similarly, we calculate the 6-week and 8-week SMA by adding up the demand for the specified number of weeks and dividing it by the number of weeks.
The 2-week SMA for week 9 would be calculated by adding up the demand for week 8 and week 9 and dividing it by 2. Using the data in the table,
SMA is a useful tool to understand the trend in demand data over different time periods. By calculating SMA for different time periods, we can analyze whether demand is increasing, decreasing or remaining stable.
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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.
PLZ HELP ECON ?!!!!!
Answer:
Explanation:
you have to decresase it
Answer:
pick b, decreased.
Explanation:
If you know the answer plz help me out
Answer:
o Location
Explanation:
o Location
Select the scenario that best demonstrates the entrepreneurial mindset of taking initiative and
being self-reliant
A. Jon starts a café in his town. He observes that due to a drop in the economy, his café is not doing as well as expected. He hopes his business will pick up again once the economy is strong again.
B. Linda is developing a music app. However, she gets stuck many times while
writing the code. She considers giving up on her app and working under an
experienced person to develop apps.
C. Samantha works as a nail artist. To keep up with the competition and customer
demands, she expands her skill set with new techniques and designs in the market.
D. Steve works as a pizza delivery boy, but wants to start his own pizza parlor. It
will be difficult to make time to implement his business plan, so he is going to wait
for a better time to start his business.
Answer:
c.Samantha works as a nail artist. To keep up with the competition and customer
demands, she expands her skill set with new techniques and designs in the market.
Explanation:
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Accounting information is considered to be relevant when it Group of answer choices can be depended on to represent the economic conditions and events that it is intended to represent. is capable of making a difference in a decision. is understandable by reasonably informed users of accounting information. is verifiable and neutral.
Answer:
The correct answer is: is capable of making a difference in a decision.
Explanation:
Accounting information is extremely relevant in a company, as it directly assists in the decision-making process.
This information is essential to assist a manager to make good decisions, as they provide fundamental data about the financial status of a company, which makes the decision-making process to be taken following a real basis for the company's own performance, influencing the manager's posture to make a more offensive or defensive decision, in addition to becoming an essential managerial tool for the control of activities and the efficient use of organizational resources.
if a manager fires an employee or violating the organization's policies, then the manager utilized organizational coercive power
When a manager fires an employee for violating the organization's policies, it can be seen as the manager utilizing organizational coercive power. This power is exercised through the threat of negative consequences or punishments, such as termination, in order to enforce compliance with organizational rules and policies.
The statement provided is correct. If a manager fires an employee for violating the organization's policies, it can be considered as the manager utilizing organizational coercive power.
Coercive power is one of the five types of power identified by French and Raven in their power dynamics model. It refers to the ability to influence others through the threat of punishment or negative consequences. When a manager exercises coercive power, they are using their authority to impose consequences on an employee who has violated organizational policies.
Here's a step-by-step breakdown of why the manager's action can be seen as utilizing organizational coercive power:
1. The manager identifies that the employee has violated the organization's policies. This could be through observing the employee's behavior or receiving reports or complaints from others.
2. The manager decides to take action and terminate the employee's employment. This decision is based on the violation of organizational policies, which is within the manager's authority.
3. By firing the employee, the manager is exercising their power to impose negative consequences on the employee. The termination serves as a punishment for the violation of policies.
4. The threat of losing their job and the actual termination itself can be seen as coercive, as it aims to deter other employees from violating organizational policies by instilling a fear of negative consequences.
To illustrate this further, let's consider an example. Suppose an employee consistently arrives late to work, despite warnings and reminders from the manager. The manager decides to terminate the employee's employment due to the repeated violation of the organization's policies on punctuality. In this case, the manager is utilizing their coercive power by using the threat of losing their job as a consequence to enforce compliance with the organization's policies.
In summary, when a manager fires an employee for violating the organization's policies, it can be seen as the manager utilizing organizational coercive power. This power is exercised through the threat of negative consequences or punishments, such as termination, in order to enforce compliance with organizational rules and policies.
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Find the simple interest paid.
9. Principal: $350
Annual rate: 4%
Time: 3 years
Interest
Answer:
$392
Explanation:
Using the simple interest formula....
A=P(1+rt)
A=350(1+(0.04)(3))
A=350(1+(0.12)
A=350(1.12)
A=350x1.12
A=392
Which type of stock would a person own for the best assurance of receiving dividend income?
To have the best assurance of receiving dividend income, an individual should consider investing in dividend-paying stocks. These stocks are issued by companies that distribute a portion of their earnings to shareholders on a regular basis, typically in the form of cash dividends.
Dividend-paying stocks are shares of companies that have a history of distributing dividends to their shareholders. These companies are usually well-established and profitable, generating consistent earnings. Dividend payments are a way for companies to share their profits with investors, providing a regular income stream.
While not all companies pay dividends, those that do often include utility companies, consumer staples, and established blue-chip companies. It's important to research the company's dividend history, financial stability, and sustainability before investing to ensure a reliable dividend income. Additionally, diversifying a portfolio by investing in multiple dividend-paying stocks can further enhance the assurance of receiving dividend income.
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If an organization temporarily borrows its specialists from different functional areas to accomplish a common project, it is implementing what type of organization
Answer:
matrix organization
Explanation:
The expected return for Stock Z is 30 percent. If we know the following information about Stock Z:
Return Probability
Poor 0.2 0.25
Lukewarm ? 0.5
Dynamite! 0.4 0.25
What return will stock Z produce in the Lukewarm state of the world?
The return for Stock Z in the Lukewarm state of the world is 30 percent.
To find the expected return?To find the expected return for the Lukewarm state of the wrld, we need to use the probabilities provided and the overall expected return for Stock Z (which is 30 percent).
Let's call the return for the Lukewarm state "X". We know that the probability of Stock Z having a Poor return is 0.2, and the probability of having a Dynamite return is 0.4. So the probability of having a Lukewarm return must be 0.5 (since the sum of all probabilities must equal 1).
Using this information, we can set up the following equation:
0.2(0.25) + 0.5(X) + 0.4(0.25)
= 0.3
Simplifying, we get:
0.05 + 0.5X + 0.1
= 0.3
0.5X = 0.15
X = 0.3
Therefore, the return for Stock Z in the Lukewarm state of the world is 30 percent.
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TRUE OR FALSE mixed-methods studies cannot implement quantitative and qualitative methods concurrently; they must start with one or the other.
False. Mixed-methods studies can implement quantitative and qualitative methods concurrently, and they are designed to integrate both approaches in a single research study.
In fact, the defining characteristic of mixed-methods research is the simultaneous use of quantitative and qualitative methods to gather and analyze data. The purpose of combining quantitative and qualitative methods in mixed-methods research is to provide a more comprehensive understanding of the research topic by drawing on the strengths of both approaches. Quantitative methods offer the ability to collect numerical data, measure variables, and analyze patterns and relationships statistically. On the other hand, qualitative methods allow for in-depth exploration, capturing rich and nuanced insights, and understanding the context and meaning behind the data
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How much will we end up buying?
What is a plan for how much to spend and how much to save of ones earnings called?
A. a wish list
B. a personal budget
C. a saving account
D. an investment portfolio
Click this link to view O*NET's Tasks section for Construction Managers. Note that common tasks are listed toward
the top, and less common tasks are listed toward the bottom. According to O*NET, what are common tasks
performed by Construction Managers? Check all that apply.
x installing equipment, machines, wiring, or programs
* repairing machines or systems
conferring with supervisors, owners, contractors, or design professionals
preparing contracts and negotiating revisions, changes, and additions to contracts
scheduling a project
* performing routine maintenance on equipment
Answer: conferring with supervisors, owners, contractors, or design professionals.
preparing contracts and negotiating revisions, changes, and additions to contracts
scheduling a project
Explanation:
According to O*NET, the tasks for Construction Managers include:
• conferring with supervisors, owners, contractors, or design professionals.
• preparing contracts and negotiating revisions, changes, and additions to contracts
• scheduling a project.
The construction manager must schedule a project, prepare contracts and meet up with every stakeholders regarding the project so that the project will be achievable.
Answer:
3
4
5
Explanation: