The letters in acronymic abbreviations must be
a. In the correct order
b. In the second part of the word
C. In backwards order
d. From the first part of the alphabet
Please select the best answer from the choices provided
A
B
C
Answers
Answer:
a. In the correct order.
Explanation:
An acronymic abbreviation can be defined as an acronym for a phrase or title that relates to an organization, object and other informations. The main purpose of an acronymic abbreviation is to help in the shortening of a sentence or phrase and to enhance easier memorization of the information contained therein.
As a rule of thumb, the letters in acronymic abbreviations must be in the correct order. Therefore, acronyms are formed by using the first letter of each word that makes up the title or a phrase.
Some examples of an acronymic abbreviation are;
1. National Basket Association = NBA.
2. Generally Accepted Accounting Principles = GAAP.
3. Read Only Memory = ROM.
4. Random Access Memory = RAM.
5. United States of America = USA.
Answer:
A
Explanation:
Related Questions
Why do lenders often require a down payment when credit is used to purchase a good?
Answers
Answer:
see below
Explanation:
A down payment is a lump-sum amount paid a borrower raises when purchasing an asset on credit. The down payment or deposit is paid to the lender and reduces the credit to be extended. Usually, the lender will demand a down payment of up to 20% of the asset's value.
The down payment reduces the risk a lender takes in advancing the loan to the borrower. It reduces the loan amount involved. The down payment shows the borrower is financially stable. If they can raise 20 percent of the amount, it gives the lender confidence that the borrower can repay the loan. A down payment shows the borrower is a low-risk customer
What are the disadvantages of sponsorship to the business that is being sponsored? I know the advantage is, it can increase the visibility of the company, but can't find or think of a disadvantage, unless there's none? Thanks!
Answers
Answer:
Loss of Control. In return for their compensation, sponsors may ask for things that result in the sponsored organisation relinquishing some degree of control. ...Involuntary Endorsement. ...Increased Pressure to Succeed. ...Loss of Credibility.hope this helps ♡ if my answer is correct pliz tag me brainliest ♧ thanks
When the Federal Reserve raises interest rates during their
next meeting, then what will happen to government bond prices?
Answers
When the Federal Reserve raises interest rates during their next meeting, the price of government bonds is expected to fall.
Government bonds are debts that are issued by the government to finance its projects and operations. People who buy these bonds are lending money to the government in return for periodic interest payments.
Interest rates play a significant role in bond prices. Bonds are financial instruments that pay interest to bondholders at a set rate. The Federal Reserve, as the country's central bank, determines the interest rate on these bonds.
When the Federal Reserve raises interest rates, the cost of borrowing money increases, which reduces the demand for money. The drop in demand causes bond prices to fall because fewer people want to borrow money.
Conversely, when the Federal Reserve lowers interest rates, the cost of borrowing money falls, and the demand for money rises. The demand increase makes bond prices rise.
The economy is impacted when the interest rates are adjusted by the Federal Reserve. The primary purpose of the Federal Reserve is to stabilize prices and regulate the economy.
If the economy is struggling, the Federal Reserve may reduce interest rates to encourage people to borrow and spend money. This can result in increased business activity, more jobs, and more money in circulation.
If the economy is overheating, the Federal Reserve may raise interest rates to cool it down. This can reduce inflation by slowing down economic activity. The Federal Reserve's role is to adapt its accounting strategy to the current economic circumstances.
Learn more about the Federal Reserve: https://brainly.com/question/32374280
#SPJ11
if a customer sees a deal on groupon and then texts his/her friend to tell them about the deal, then this relay of information is known as
Answers
Answer:
2 by 4 is no so can I not tish answer
You have found a home that you are interested in purchasing. Instead of a conventional loan, you agree to pay the premium for the private mortgage insurance (pmi), which finances 95% of the loan. The amount of the home is listed at $125,000. From the given information, determine the amount needed for the down payment to qualify for the pmi loan
Answers
Deposit is 5% of the stated amount, 100-95=5D44 down payment amount, 95,278 × 0.05 = 4,763.9.
If your mortgage down payment is less than 20%, it's important to understand your personal mortgage insurance (PMI) options. Some people can't afford the 20% down payment. Others may choose to pay a smaller down payment to have more cash available for repairs, alterations, furnishings, and emergencies.
Personal Mortgage Insurance (PMI) is a type of insurance that a borrower must purchase as a condition of a traditional mortgage. Most lenders charge a PMI when a homebuyer makes a down payment of less than her 20% of the home purchase price. If the borrower makes a down payment of less than 20% of the value of the property, the loan to value ratio (LTV) of the mortgage is over 80%.
Unlike most types of insurance, this policy protects the investment of the home lender, not the person buying the insurance (the borrower). However, PMI allows some people to become homeowners early. For individuals who choose to finance between her 5% and her 19.99% of their housing costs, PMI offers the opportunity to obtain loans.
Know more about PMI here:
https://brainly.com/question/30049652
#SPJ4
Does it pay off financially for a firm to be socially responsible? Which statement below is false?A. Economists generally say no.B. Barnett and Salomon say the relationship between corporate social performance (CSP) and corporate financial performance (CFP) is U-shaped; firms with low CSP have higher CFP than firms with moderate CSP.C. Barnett and Salomon say the relationship between corporate social performance (CSP) and corporate financial performance (CFP) is U-shaped; firms with high CSP have the highest CFP.D. B and CE. None of the above
Answers
The statement that is false is Economists generally say no. Therefore the correct option is option A.
While some economists say that being socially responsible has no financial value, newer research reveals that there may be a positive association between corporate social performance (CSP) and corporate financial performance (CFP).
Indeed, both assertions (B) and (C) match the U-shaped relationship described by Barnett and Salomon and observed in several investigations.
According to the U-shaped relationship, firms with very low or very high CSP may have higher CFP than firms with moderate CSP.
This is due to the fact that organisations with extremely low CSP may be able to save costs by neglecting social and environmental concerns, whereas firms with extremely high CSP may be able to attract more consumers and investors who value social responsibility. Therefore the correct option is option A.
For such more question on Economists:
https://brainly.com/question/4636114
#SPJ11
When problem-solving, a person should ask:
who.
how.
where.
why
Answers
Describe in brief Environmental Safety Management’s essentials.
Answers
The essentials of Environmental Safety Management include hazard identification and risk assessment, developing safety procedures and training, implementing environmental controls, emergency response planning, and continuous monitoring and improvement. These steps are crucial in minimizing environmental risks and promoting a safe and healthy workplace.
Hazard identification and risk assessment involve recognizing potential environmental risks and estimating their severity. Once identified, it's necessary to develop safety procedures and train employees accordingly to mitigate these risks. Implementing environmental controls such as waste management, emission control, and resource conservation practices is also essential. Emergency response planning ensures readiness in case of an environmental incident, while continuous monitoring and improvement help organizations stay compliant with environmental regulations and adopt better practices. All these aspects together form a robust Environmental Safety Management system, fostering a safer and environmentally responsible workplace culture.
Learn more about Environmental Safety Management here:
https://brainly.com/question/31618196
#SPJ11
Tony is 24 years old.He has tattoo sleeves on both of his arms, as well as a name tattooed on his neck.Tony would like to be a waiter at a very fancy restaurant.He has first interview today.
Question:What might a job interviewer think of tony?What might the reality be?
Answers
The job interviewer should focus on assessing Tony's qualifications experience, and demeanor during the interview process, rather than making assumptions based solely on his appearance. By doing so, they can make a fair judgment about Tony's suitability for the role at the fancy restaurant.
A job interviewer might initially have some reservations about Tony's suitability for a waiter position at a very fancy restaurant due to his tattoos. They may associate tattoos with a more casual or non-traditional image, which could be perceived as conflicting with the restaurant's high-end atmosphere. The interviewer might question whether Tony's appearance aligns with the restaurant's standards of professionalism and sophistication.
However, the reality might be quite different. While Tony has visible tattoos, it's important to recognize that appearance does not define a person's abilities or work ethic. Tony's age of 24 suggests that he is a young professional who may be highly motivated and eager to prove himself. He might have a strong background in customer service or hospitality, possessing the necessary skills to excel as a waiter. Additionally, Tony's tattoos could be a reflection of his personal style and self-expression, which should not overshadow his competence and dedication to providing exceptional service.
Ultimately, The job interviewer should focus on assessing Tony's qualifications, experience, and demeanor during the interview process, rather than making assumptions based solely on his appearance. By doing so, they can make a fair judgment about Tony's suitability for the role at the fancy restaurant.
for more such questions on qualifications
https://brainly.com/question/28238260
#SPJ8
Select the correct answer from the drop-down menu.
What forecasting technique is used for analysis?
Over the past few years, the sale of cell phones has shot up drastically all over the world. Increase in competition has forced companies to improve features and reduce prices of phones. A research firm has observed a world-wide increase in demand of phones by using _____ forecasting technique. It scrutinizes the _____ forces that affect a company.
1. Micro, Macro, Mezzro
2. Internal, External, Intra
Answers
Answer: Macro, External
Explanation:
Macroeconomics effect the entire world, while it scrutinizes the external forces that affect the company.
Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
What does the business entity principle primarily prevent?
Answers
Answer:
The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses. Doing so requires the use of separate accounting records for the organization that completely exclude the assets and liabilities of any other entity or the owner.
Answer:
The business entity principle states that the business and its owner are two separate entities in the eyes of the law. Therefore, their respective investments, withdrawals, income, expenses, profits, and losses should also go into separate accounts. The business accounts should never include the owner’s personal transactions because this might lead to ambiguous accounting information. Thus, the business entity principle primarily prevents a distorted view of the financial condition of the business. It helps in getting a clear understanding of how well the business is actually doing.
Explanation:
sample response given when you check your work
why is the earth round why not a square or a triangle
Answers
Answer:
because science.
Explanation:
a square shaped earth would be cool tho
The mass is distributed unevenly within the planet, and the greater the mass is the stronger it gravitational pull is creating bumps around the globe.
If this helped mark me brainliest pls!
me and my group members have to put on a act about (what happens if u don't pay enough attention to the task your doing in the workshop) so it's basically about what what would happen if you don't pay attention any suggestions on what we can say or do
Answers
In the act, you can start by showing that many students are attending the workshop and everyone is paying attention to it. When the task was assigned everyone was able to complete it but one student was not able to because he or she was not paying attention.
What is attention?Attention in psychology is the concentration of awareness on some phenomenon to the exclusion of other stimuli. A process of selectively concentrating on a discrete aspect of information, whether considered subjective or objective. William James wrote that "Attention is the taking possession by the mind, in clear and vivid form, of one out of what seem several simultaneously possible objects or trains of thought. Focalization, concentration, of consciousness are of its essence.
Attention has also been described as the allocation of limited cognitive processing resources.
Learn more about attention, here:
https://brainly.com/question/26181728
#SPJ1
Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal, the.
Answers
Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal, the the larger is the deadweight loss of the tax.
What Is a deadweight loss of taxation?The measurement of loss brought on by the introduction of a new tax is referred to as the deadweight loss of taxation. This is the outcome of a new tax that is higher than what is typically paid to the taxing body of the government. A tax's impact on consumer surplus is known as "deadweight loss."
The amount of money the government makes when a tax is imposed on a good is exactly equal to the surplus that the tax causes to be lost by consumers and producers. A deadweight loss occurs when supply and demand are out of balance, leading to market inefficiencies. Deadweight losses are generally caused by an inefficient resource allocation that is brought about by a variety of interventions, including price floors, ceilings, monopolies, and taxes.
To learn more about deadweight loss of the tax, visit:
https://brainly.com/question/22420162
#SPJ4
The complete question is:
Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal:
a. the smaller is the response of quantity supplied to the tax.
b. the larger is the tax burden on sellers relative to the tax burden on buyers.
c. the larger is the deadweight loss of the tax.
d. All of the above are correct
Prime cost is directly related to production. So, per unit prime cost can be calculated easily. While on the other hand, overhead does not have direct relationship with production. So, to calculate per unit cost, overhead is classified according to functions.” Explain this statement and also summarize all the overheads according to their functional classification.
Answers
Basically, a firm's prime cost equals the total direct costs of production which includes the cost of raw materials and labor.
The prime cost equation is {Cost of raw materials + Direct labor}The overhead cost refers to those cost incurred while running a firm but can not be linked to creation of a product or service.
Overhead expenses is the cost remaining after deduction of direct labor, direct materials and direct expenses.
In conclusion, the prime cost and overhead cost are both significant in production of finished goods.
Read more about overhead cost
brainly.com/question/4473400
Which of the following accounts would normally have a credit balance and appear in the balance sheet?
A. Dividends.
B. Salary expense.
C. Revenue.
D. Uneamed revenue.
E. Accounts receivable.
Answers
The account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
The following information is relevant:
The dividend contains the normal debit balance and the same is to be shown under the stockholder equity statement.The salary expense is to be shown under the income statement and contains a normal debit balance.The revenue is to be shown under the income statement & contains a normal credit balance.Unearned revenue is a liability account and contains a normal credit balance. Also, it is to be shown under the balance sheet.The account receivable is an asset account & it contains a normal debit balance. Also, it is to be shown under the balance sheet.Therefore we can conclude that the account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
Learn more about the balance sheet here: brainly.com/question/22988522
Al inputs in a business are not equaly productive at all activities. As the business increases its output, manginal opporturity cost A. increases B. decreases but oventualy increases C. is consiant. D. Decreases. E. increases but eventually decreases
Answers
The correct answer is B. decreases but eventually increases
Marginal opportunity cost refers to the additional cost incurred when producing one additional unit of output, while forgoing the production of another unit of a different good or service. In other words, it represents the trade-off between different production activities.
Initially, as a business increases its output, the marginal opportunity cost tends to decrease. This is because the business can reallocate its resources, such as labor and capital, from less efficient activities to more efficient ones, leading to a decrease in the cost of producing additional units.
However, as the business continues to expand its output, the resources become increasingly specialized and optimized for specific activities. At this point, the marginal opportunity cost starts to increase. The business has to either employ less efficient resources or invest more in order to produce additional units, resulting in higher costs.
Therefore, the marginal opportunity cost decreases at first, as resources are reallocated more efficiently, but eventually increases as the business reaches the limits of its resource allocation and faces diminishing returns.
To know more about Marginal opportunity , output visit:
https://brainly.com/question/12451729
#SPJ11
Which of the following should show a profit in order for a financial institution to give a the company a loan
a) income statement
b) rent expense
c) accelerated depreciation
d) accounts receivable
Answers
Answer:
A I think not really sure hope this helps you
Answer the following question as it relates to the 2013 Louisiana Residential Agreement to Buy or Sell: The Statewide Purchase Agreement specifies that the deposit is due:
Answers
The given statement ' purchase agreement provides that failure to provide the agreed upon deposit shall require the buyer to pay 1% interest for each day the deposit is late' is false.
The 2013 Louisiana Residential Agreement to Buy or Sell does not specifically mention a provision stating,
That failure to provide the agreed-upon deposit would require the buyer to pay 1% interest for each day the deposit is late.
The terms and conditions regarding the deposit
and any associated interest would typically be negotiated and specified separately in the agreement or in a separate addendum.
It's important to review the specific terms of the agreement you are referring to,
as there may be variations depending on the specific contract used.
Learn more about deposit here
brainly.com/question/28103191
#SPJ4
The above question is incomplete, the complete question is:
Answer the following question as it relates to the 2013 Louisiana Residential Agreement to Buy or Sell: The purchase agreement provides that failure to provide the agreed upon deposit shall require the buyer to pay 1% interest for each day the deposit is late. TRUE or FALSE?
Childhood obesity is a major public health concern in America. Do you think the majority of federal funding should focus on programs that educate children to make healthy choices or focus on parents who control the foods that are purchased?
Answers
Federal funding should focus on both educating children to make healthy choices and supporting parents in controlling the foods that are purchased.
Addressing childhood obesity requires a comprehensive approach that involves both educating children and empowering parents. By focusing solely on programs that educate children to make healthy choices, we risk overlooking the important role parents play in shaping their child's eating habits and overall lifestyle. Similarly, focusing solely on parents may not fully engage children in the process of making healthy choices and developing lifelong habits.
Education programs targeting children can be effective in promoting healthy behaviors, teaching them about nutrition, and empowering them to make informed choices. These programs can include school-based initiatives, physical education classes, and promoting healthier options in school cafeterias. By equipping children with knowledge and skills, we empower them to make healthier food choices and adopt active lifestyles.
Simultaneously, supporting parents in controlling the foods that are purchased is crucial. Parents play a significant role in shaping their child's environment, including the foods available at home and during family meals. Federal funding can support initiatives that provide nutrition education and resources to parents, promote access to affordable healthy foods, and encourage the adoption of healthier food policies in communities.
A comprehensive approach that combines both child-focused education and parental support maximizes the impact of federal funding in addressing childhood obesity. By targeting both children and parents, we can create a supportive environment that reinforces healthy behaviors and facilitates long-term changes in eating habits and lifestyle choices.
Learn more about : Federal funding
brainly.com/question/23568644
#SPJ11
When Hot Topic was refused by Union Bank, its financial managers submitted applications to Chemical Bank, Washington Mutual, and Wells Fargo.
Answers
Answer: The question you wanted to ask is missing, The excerpt related to your question is missing but i was able to get it online but I could not attached it .
Question : pick the correct option
answer :
Chemical Bank, Washington Mutual, and Wells Fargo
Explanation:
When Hot Topic was refused by Union Bank, its financial managers submitted applications to Chemical Bank, Washington Mutual, and Wells Fargo.
Because these Banks were willing to accept and work with the Hot topic .
It's your lucky day at napili ka sa special promo na ito! Meron kaming handog na FREE 150MB pang-internet, valid for 2 days kapag nag-load ka ng total of P10 bago mag 09/01/2021. Share-A-Load not included. REF#: DTR73
Answers
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
The ppf bows outward because as we move from point a to point b to point c , the opportunity cost of producing a jacket ______________.
Answers
The PPF bows outward because as we move from point A to point B to point C, the opportunity cost of producing a jacket decreases.
The outward bowing of the Production Possibility Frontier (PPF) is a result of the concept of increasing opportunity cost. The opportunity cost refers to the value of the next best alternative that must be foregone when making a choice. In the context of the PPF, it represents the trade-off between producing two different goods, such as jackets and pants. When an economy operates at point A on the PPF, it is efficiently utilizing its resources to produce a combination of jackets and pants. However, as we move along the PPF from point A to point B to point C, we observe that to produce more jackets (represented by the movement to the right on the PPF), the economy must give up the production of pants. The opportunity cost of each additional jacket becomes lower as the economy moves along the PPF. This means that at point C, the economy can produce more jackets with a relatively smaller reduction in the production of pants compared to point A. Therefore, the PPF bows outward to reflect this diminishing opportunity cost. The outward bowing of the PPF illustrates an important economic principle – the law of increasing opportunity cost. This principle states that as an economy focuses on producing more of one good, the opportunity cost of producing that good increases. In the context of the PPF, it means that the more jackets produced, the higher the opportunity cost in terms of forgone pants production. This phenomenon is driven by the fact that resources are not equally suited to producing all goods, leading to a trade-off between different goods and their opportunity costs. Understanding the outward bowing of the PPF helps economists and policymakers make informed decisions about resource allocation, trade-offs, and efficiency in production.
To learn more about Production Possibility Frontier (PPF) , click here :https://brainly.com/question/14543792
#SPJ11
Consider a situation where you are using the postal service to return a faulty product to Person X at Company A. Upon receiving your return, Person X will send you a replacement. The replacement will be sent in 3 packages. Describe the process above and note important characteristics of the process that will ensure that you receive the replacement product. Indicate the relevant comparisons to file requests and data transmission in a TCP/IP network.
Answers
The process of returning a faulty product to Person X at Company A involves using the postal service to send the item back, after which Person X will send a replacement in three separate packages.
To ensure the successful receipt of the replacement product, it is crucial to follow a few important characteristics of the process. Firstly, when returning the faulty product, it is recommended to use a reliable shipping service that provides tracking information. This allows both parties to monitor the package's progress and ensure its safe arrival at Company A.
Secondly, it is advisable to include proper documentation with the returned item. This documentation should contain relevant details such as the order number, the reason for the return, and contact information. Providing clear and accurate information helps Person X at Company A to identify and process the return efficiently.
Once Company A receives the return, Person X will initiate the process of sending the replacement product. Since the replacement will be sent in three packages, it is essential to establish clear communication between the parties. Person X should provide the necessary tracking information for each package, allowing the recipient to anticipate their arrival and keep track of their progress.
Comparing this process to file requests and data transmission in a TCP/IP network, we can draw parallels. In both cases, there is a sender (the customer returning the product or the client requesting a file) and a receiver (Person X or the server providing the file). Similarly, both processes require reliable communication channels (postal service or network infrastructure) to ensure successful transmission.
Learn more about Faulty product
brainly.com/question/5287924
#SPJ11
suppose you buy a round lot of francesca industries stock (100 shares) on 55 percent margin when the stock is selling at $30 a share. the broker charges a 14 percent annual interest rate, and commissions are 4 percent of the stock value on the purchase and sale. a year later you receive a $0.65 per share dividend and sell the stock for $39 a share. what is your rate of return on francesca industries? do not round intermediate calculations. round your answer to two decimal places.
Answers
The rate of return on Francesca industries is 125.45 percent.
The rate of return is a measure of the profit or loss on an investment relative to the original investment.
Initial investment: You bought 100 shares of Francesca industries stock at $30 per share, so the initial investment is $3,000. However, you only put up 55 percent of the purchase price, so your initial investment is 55 percent of $3,000, which is $1,650.
Interest and commission: The 14 percent annual interest rate on the $1,650 initial investment is $231. The 4 percent commission fee on the purchase and sale of the stock is 4 percent of $3,000, which is $120.
Dividends received: The stock paid a $0.65 per share dividend, so you received $65 in dividends.
Sale price of the stock: The stock was sold for $39 per share, so the sale price was
=> 100 shares x $39 per share = $3,900.
Total return: The total return on the investment is
=> $65 dividends + $3,900 sale price - $1,650 initial investment - $231 interest - $120 commission = $2,064.
Rate of return: To calculate the rate of return, divide the total return by the initial investment and multiply by 100 to express it as a percentage:
$2,064 / $1,650 * 100 = 125.45 percent
To know more about rate of return here.
https://brainly.com/question/24232401
#SPJ4
the following data is available for box corporation at december 31, 2019: common stock, par $10 (authorized 30,000 shares) $250,000 treasury stock (at cost $15 per share) $ 1,200 based on the data, how many shares of common stock are outstanding? 30,000. 25,000. 29,920. 24,920.
Answers
There are 25,000 shares of common stock outstanding.
25,000 actually issued out of the 30,000 authorized.
Solution:
The computation of the issue of common stock is shown below:
= (Value of shares) ÷ (par value of shares)
= ($250,000) ÷ $10
= 25,000 shares
Common stock is a type of tradable asset or security that represents ownership of a company. If you own a company's common stock, you have the right to vote on company policies, board decisions, and more. Common stock is just one type of stock that trades on public exchanges. Preferred shares do not give shareholders voting rights, while common shares do.
Learn more about Common stock here:- https://brainly.com/question/29760932
#SPJ4
Trade negotiations are repeated each year. In a repeated game scenario it is likely that a. Chinese negotiators will assume that United States negotiators will never retaliate for a noncooperative trade policy. b. both parties will assume that the other will choose a strategy that optimizes the total value of the trade relationship. c. the Nash equilibrium will provide the largest possible gains to each party. d. cach will follow a dominant strategy based entirely on self-interest.
Answers
In a repeated game scenario, both parties are likely to assume that the other will choose a strategy that optimizes the total value of the trade relationship. Option B
This is because, over time, parties develop a reputation and establish a level of trust. However, if one party consistently chooses a noncooperative trade policy, the other party may retaliate to protect their own interests.
The Nash equilibrium, which is the point at which neither party can improve their outcome by changing their strategy, can provide the largest possible gains to each party. In such a scenario, each party is expected to follow a dominant strategy based entirely on self-interest.
Therefore, trade negotiations are not only about reaching an agreement but also about building trust and establishing a good reputation to ensure successful future negotiations. So Option B is correct.
For more question on trade visit:
https://brainly.com/question/14926566
#SPJ11
In a repeated game scenario of trade negotiations, it is likely that both parties will assume that the other will choose a strategy that optimizes the total value of the trade relationship. Therefore, option (b) is the correct answer.
Repeated games involve the same players playing the same game repeatedly over time. In such scenarios, players are able to observe their opponents' behavior and adjust their own strategies accordingly. This leads to the possibility of building trust between the parties, which can help to create mutually beneficial outcomes in the long run.
In the case of trade negotiations, each party is likely to seek the best possible outcome for itself, but also recognize the importance of maintaining a positive relationship with the other party. This can lead to a focus on finding a mutually beneficial solution rather than simply pursuing self-interest. Therefore, the Nash equilibrium (option c) may not always provide the largest possible gains to each party.
Learn more about negotiations here:
https://brainly.com/question/9312091
#SPJ11
As this course embarks on the understanding of cost and how it can be managed to help achieve the number goal/objective of business - increased profit, mangers are assigned this unique task. How would you approach this task?
Answers
Approaching the task of managing costs to achieve the objective of increased profit requires a systematic and strategic approach. Here are steps you can take to effectively manage costs:
1. Identify Cost Drivers: Begin by identifying the key cost drivers in your business. These are the factors that significantly impact costs, such as labor, raw materials, overhead expenses, or production processes. Analyze cost data, conduct cost assessments, and understand the relationship between costs and business activities.
2. Set Cost Reduction Targets: Based on your analysis, set specific cost reduction targets aligned with the objective of increasing profit. These targets should be realistic, measurable, and time-bound. Consider both short-term and long-term goals to ensure sustainable cost management.
3. Conduct Cost Analysis: Perform a detailed cost analysis to identify areas of inefficiency, waste, or overspending. Evaluate cost structures, pricing strategies, and resource utilization. This analysis will help you pinpoint opportunities for cost optimization.
4. Implement Cost Control Measures: Develop and implement cost control measures to manage expenses effectively. This may involve renegotiating contracts, sourcing alternative suppliers, optimizing inventory management, improving production processes, or reducing overhead costs. Monitor the effectiveness of these measures regularly.
5. Encourage Cost-Conscious Culture: Foster a cost-conscious culture within the organization. Educate employees about the importance of cost management and involve them in identifying cost-saving ideas. Encourage suggestions for process improvements, cost reduction initiatives, and efficiency enhancements.
6. Track and Evaluate Performance: Establish systems to track and evaluate cost performance regularly. Monitor key cost metrics, such as cost per unit, cost variance, and cost-to-revenue ratio. Compare actual costs against budgeted costs to identify any deviations and take corrective actions as needed.
7. Continuous Improvement: Emphasize continuous improvement in cost management. Regularly review and refine cost management strategies, incorporating feedback, market changes, and technological advancements. Stay updated on industry trends and best practices to identify new opportunities for cost optimization.
Remember, effective cost management is a dynamic process that requires ongoing monitoring, analysis, and adaptation. By taking a proactive and systematic approach, you can optimize costs, improve profitability, and contribute to the overall success of the business.
learn more about "costs ":- https://brainly.com/question/28147009
#SPJ11