Which factor contributed to the growth of the U.S. economy during the 20th
century?
A. the united states cut off all trade with other countries.
B. the united states experienced a decline in its standard of living.
C. the united states decided to remain on the gold standard.
D. the united states increased its global influence.
Answers
The factor that contributed to the growth of the U.S. economy during the 20th century is D. the united states increased its global influence.
What are the things that contributed to the growth of the U.S. economy?The development of technology, which enabled mass production of goods, electrification of the country, new mass marketing strategies, the availability of low-cost credit, and increased employment—which in turn generated a large number of consumers—were the main drivers of America's economic boom in the 1920s.
The characteristics and significant changes in the American economy from colonial times to the present are the subject of economic history in the United States. The focus is on economic performance and productivity, including how new technologies, changes in industry size, and the impact of law and government policies have affected the economy. The US economy resumed its rapid development in the early 1990s after experiencing a brief period of economic difficulty in the years following the war.
Therefore, option D is correct.
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Related Questions
Which is an example of non-tradable good or service.
Vegetables
Soda
Hotel accommodation
Textiles
Answers
A typical example of a non-tradable good or service is; Hotel accomodation.
What are non-transferable goods and services?Traditionally, non-tradable goods include such items as electricity, water supply, all public services, hotel accommodation, real estate, construction, local transportation; goods with very high transportation costs such as gravel; and commodities characteristically produced to meet special customs or conditions of the market space.
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Corinth's labor supply grew by 1.4% and land stock grew by 1% from 425 BCE to 424 BCE. Landowners received 50% of income. If total factor productivity grew by 0.3% find the growth rate of aggregate output.
Answers
Answer:
1.51%
Explanation:
Recall that:
Total Output = \(A\times K^a \times ^{1-a}\)
here;
A = total productivity factor
K = capital input
L = labor input
SInce Landowners gets 50% of income; then a = 0.50
\(= A\times K^ {0.50} \times ^{1-0.50}\)
Output at 424BBC
\(= 1.003A \times (1.014K)^{0.5}(1.01L)^{0.5}\)
\(= 1.003 \times (1.007)(1.005)AK^{0.5}L^{0.5}\)
\(=1.0151AK^{0.5}L^{0.5}\)
Thus, the growth rate from 425 BCE to 424 BCE :
= 1.0151 - 1
= 0.0151
= 1.51%
when choosing a career, having set goals is the most important consideration.
true or false
Answers
Answer:
yes of course
Explanation:
you need to have some ides of what you wanna do if youre choosing a career
Answer:
yes
Explanation:
Open society foundation disadvantages
Answers
Answer:
The open society does not work for people that do not want to be productive member of society.
The main disadvantage is in getting support if you really need it, and aren’t capable of figuring it out on your own.
Explanation:
Using the relevant financial securities and
institutions, explain the chain of events which lead to the 2007
global financial crisis.
Answers
The chain of events leading to the 2007 global financial crisis was influenced by a combination of factors, including the housing market bubble, subprime lending practices, securitization of mortgages, flawed credit ratings, excessive risk-taking by financial institutions, and the interconnectedness of the global financial system.
The 2007 global financial crisis was a complex event that involved various financial securities and institutions.
1. Housing Bubble: In the early to mid-2000s, there was a housing bubble in the United States, fueled by factors such as loose lending standards, low interest rates, and speculation. Housing prices soared, leading to an increased demand for mortgage loans.
2. Subprime Mortgages: To meet the rising demand for mortgage loans, financial institutions started offering subprime mortgages to borrowers with lower creditworthiness. These mortgages had higher interest rates and were often bundled into mortgage-backed securities (MBS).
3. Securitization and Collateralized Debt Obligations (CDOs): Mortgage-backed securities were packaged into complex financial instruments known as collateralized debt obligations (CDOs). CDOs pooled together various types of mortgages, including subprime mortgages, and were sold to investors.
4. Credit Rating Agencies: Credit rating agencies assigned high ratings to many of these CDOs, indicating that they were relatively safe investments. However, the agencies underestimated the risks associated with the underlying subprime mortgages.
5. Financial Institutions' Investments: Financial institutions, including banks and investment firms, invested heavily in these CDOs and other complex derivatives, assuming they were low risk due to their high credit ratings. These investments were often funded through short-term borrowing.
6. Deterioration of Mortgage Market: As housing prices started to decline and the number of mortgage defaults increased, the value of mortgage-backed securities and CDOs plummeted. This created a crisis of confidence in the financial markets.
7. Interconnectedness and Systemic Risk: The financial institutions holding these toxic assets faced significant losses, impacting their capital positions. Moreover, the interconnectedness of the global financial system through complex financial products and counterparty relationships amplified the crisis, leading to a freeze in credit markets.
8. Financial Institution Failures and Bailouts: Several major financial institutions faced insolvency or collapse, including Lehman Brothers. This prompted government interventions, such as bailouts and emergency liquidity measures, to stabilize the financial system and prevent further contagion
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Gdp measures total market value of all final goods and services produced in an economy in a ______.
Answers
Gdp measures the total market value of all final goods and services produced in an economy in a given year.
What is GDP?
The foremost common degree of the economy is called net household item (or GDP). GDP measures the whole showcase esteem of all last merchandise and administrations created in an economy in a given year. Merchandise is things that are touchable, such as shoes, staplers, and computers. Administrations are activities, such as haircuts, doctor exams, and car repairs. GDP is implied to capture the whole esteem of all this production.The net household item is the wide quantitative degree of financial action. It is the degree of the showcase esteem of all last merchandise and administrations created in a year interior the boundary of a nation.To know more about GDP visit:
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to build an effective customer service program, it is important to:
Answers
To build an effective customer service program, it is important to:
1. Understand customer needs: Gather data and feedback from customers to identify their expectations and pain points.
2. Set clear objectives: Define the goals of your customer service program, such as reducing response times or increasing customer satisfaction.
3. Train staff: Equip your team with the necessary skills and knowledge to address customer inquiries effectively and professionally.
4. Implement the right tools: Utilize technology such as CRM systems, chatbots, and analytics tools to streamline processes and improve customer interactions.
5. Establish communication channels: Offer multiple channels for customers to reach out, including phone, email, social media, and live chat.
6. Monitor performance: Regularly assess your customer service program's performance using key performance indicators (KPIs) to identify areas of improvement.
7. Continuously improve: Analyze customer feedback and performance data to make informed decisions about program enhancements.
8. Foster a customer-centric culture: Encourage a customer-focused mindset within your organization by valuing customer feedback and recognizing exceptional customer service.
By incorporating these elements into your customer service program, you can create a more positive customer experience and build lasting relationships.
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Q2: Pueblo Vida Brewing (PVB) company uses a reverse osmosis (RO) membrane system to condition the city of Tucson water because the quality of the taste of their beer is important to their clients and
Answers
a. Reject water quantity would be 0.8735 times the total water usage. b. The TDS content of the reject water is 390.16 ppm .c. $1.14 money throw away in their reject stream. d. treated and put to use for a variety of things
Pueblo Vida Brewing (PVB) company uses a reverse osmosis (RO) membrane system to condition the city of Tucson water for their beer production. They mix the RO water with fresh Tucson water to achieve the desired total dissolved solids (TDS) content for brewing. Given the TDS levels of the feed water, RO water, and desired brewing water, the following calculations can be made to determine the total water usage, reject water sent to the sewer, and the TDS content of the reject water.
a) To determine the total water usage and reject water quantity, we need to calculate the amount of RO water and fresh Tucson water used. Since they need 14 bbls of water per day, the total water usage would be 14 bbls. The reject water produced by the RO system is 87.35% of the feed water, so the reject water quantity would be 0.8735 times the total water usage.
b) The TDS content of the reject water can be calculated by multiplying the TDS level of the feed water (419 ppm) by the concentration factor (87.35) and dividing it by the sum of the concentration factor and 1 (87.35 + 1). This calculation yields a TDS content of the reject water of approximately 390.16 ppm.
Therefore, Pueblo Vida Brewing uses a total weight of 1636.9 kg of water per day, with 47475.75 kg of reject water sent to the sewer.
c) The daily volume of water rejected is 379.01 litres, or 0.37901 cubic metres. Water price per m3 is $3.00. Daily cost of rejected water is $3.00 multiplied by 0.37901 m3/day, or $1.14.
d) Rejected water may be treated and put to use for a variety of things. In the industrial, it can be utilised for cooling reasons. As an alternative, the business can sell it to other sectors of the economy that need water for their operations. The business may also utilise this water to irrigate grass or plants outside the building.
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The Complete question is
2) Pueblo Vida Brewing (PVB) company uses a reverse osmosis (RO) membrane system to condition the city of Tucson water because the quality of the taste of their beer is important to their clients and total dissolved solids (TDS) in the inlet water can have an impact on the flavor. The feed water to PVB from the city of Tucson has TDS about 419 ppm by mass. The RO unit produces water that has a TDS level of 53 ppm by concentrating the rejected TDS in a stream that is 87.35 of the feed water. To brew beer, they can actually have a TDS content of 150 according to Charlie Border, one of their brewers. Since they cannot run the RO unit at a lower level, they mix fresh Tucson water back into the RO water after it is produced. If they are making a brewing batch that requires 14 bbls of water/day:
a) How much total water do they use and how much reject water would they send to the sewer in a day, in kg/day?
b) What is the TDS content of the reject water, in ppm?
c) How much money do they throw away in their reject stream per day, if they were to dump the water?
d) What could they do with this water?
gaming wealth associated with casinos on or near reservations is significant for a very small portion of the american indian population.
Answers
Gaming wealth associated with casinos on or near reservations benefits a small percentage of the American Indian population, providing significant financial resources to those individuals.
While casinos on or near reservations have brought financial benefits to some American Indians, the overall impact on the entire population is relatively small. The wealth generated from gaming activities primarily benefits a limited number of individuals who have ownership stakes or are employed by these establishments. The majority of the American Indian population does not directly benefit from the gaming wealth, highlighting the concentrated nature of its distribution.
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harmful substances which contaminate water are collectively called
Answers
Answer:
Ground Water Contamination
Explanation:
I'll be honest I'm not 100% sure.
Which method of entering the global marketplace would be LEAST risky?
a.
Exporting
b.
Licensing
c.
Contract manufacturing
d.
Joint ventures
e.
Direct investment
Answers
Among the given options, exporting would generally be considered the least risky method of entering the global marketplace. The correct option is a).
Exporting involves selling products or services from the home country to customers in foreign markets. It can be done directly by the company or through intermediaries such as distributors or agents. Exporting allows a company to reach international customers without making substantial investments or establishing a physical presence in the foreign market.
Limited financial commitment: Exporting typically requires fewer financial resources compared to other methods. The company can leverage existing production capabilities and infrastructure to fulfill international orders without significant upfront investments.
Flexibility and control: Exporting offers greater control and flexibility as the company retains ownership and control over its products and marketing strategies. It allows for adaptability to changing market conditions and preferences.
Reduced exposure to local market risks: By exporting, a company can minimize exposure to risks associated with unfamiliar local markets, such as regulatory hurdles, cultural differences, and political instability.
Market diversification: Exporting allows companies to expand their customer base and diversify their revenue streams by reaching customers in different countries. This reduces dependence on a single market and provides opportunities for growth. Hence option a) is the answer.
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Pandora allows users to
A. interact with other users.
B. run free background checks.
C. stream radio to mobile devices or computers.
D. protect themselves against identity theft.
Answers
Canon was able to redesign the copying machine so that it didn't need professional service—reliability was built directly into the machine, and the user could replace parts, such as the cartridge. What Xerox had not envisioned was the possibility that the components of the copying machine could be put together in an altogether different way that was more user-friendly. This example describes
Answers
Answer:
architectural innovation
Explanation:
The scenario is describing the term known as architectural innovation. This refers to the innovation of the specific architecture of any product that changes and/or modifies the way the different components of the machine link or relate to each other, thus allowing it to perform new functions or the same functions but in a much more user-friendly manner. This is what Canon did by changing the architecture of the copying machine so that it was more user-friendly for the end consumer.
Need the answer of this cashflow q 10
Answers
10a) The three-month cash flow forecast from April for A & P Traders Ltd is as follows:
A & P Traders Ltd.
Cash Flow ForecastFrom April to June
April May June
Beginning balance $1,000 $2,500 $1,500
Cash sales 7,000 8,000 7,000
Cash collections 7,500 7,000 8,000
Total cash available $15,500 $17,500 $16,500
Cash Expenses:
Purchases $7,000 $8,000 $7,000
Other expenses 6,000 8,000 12,000
Total expenses $13,000 $16,000 $19,000
Ending cash balance $2,500 $1,500 ($2,500)
10b) The manager of A & P Traders Ltd. should source cash to meet the business's needs, especially in June. This can take the form of bank overdraft, short-term loan, or increased cash collection from customers, and renegotiation of payment terms with suppliers.
What is a cash flow forecast?A cash flow forecast is an estimate of future cash (inflows) receipts from sales and cash outflows (expenses).
As a management tool, a cash flow forecast helps in determining cash needs (surplus for investments and deficits for cash planning purposes).
March April May June
Sales $15,000 $14,000 $16,000 $14,000
Cash sales 7,000 8,000 7,000 ($14,000 x 50%)
Cash collections 7,500 7,000 8,000 ($16,000 x 50%)
Purchases 7,000 8,000 7,000 (50% of $14,000)
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For this assignment, you will create a multimedia presentation on Marketing, Sales, and Service tasks and work environments to demonstrate understanding of these careers.
Answers
Marketing is process of identifying, anticipating, and satisfying customer needs and wants through the creation, promotion, and distribution of the products or services.
What is distribution?In statistics, a distribution refers to the way in which a set of data is spread out or organized. It provides information about the possible values of a variable and how frequently those values occur. A distribution can be represented graphically using various types of charts such as histograms, box plots, and density plots. Common characteristics of a distribution include its central tendency (e.g., mean, median, mode), its spread or variability (e.g., range, standard deviation), and its shape (e.g., skewed, symmetrical). Understanding the distribution of a dataset is important in many fields, including finance, economics, and science, as it can provide insights into the underlying patterns and relationships in the data.
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The application of scientific knowledge to the development and improvement of goods and services is generally referred to as ______. Multiple choice question. technology information production
Answers
Answer:
Technology.
Explanation:
As the definition is seen above, these qualities are directed towards technology. Technology has advanced produce and sales of goods and services a lot. It shows itself in fastening and making production easier. And also in different other forms that come as advertising, E-commerce, communication etc. Orders of certain goods are been sent thousands miles away from the producing country and are seen to be received safe and sound at the other end of the purchase country. Also adverts can be seen of a Chinese product in far away Africa through television commercials and also internet.
What are personal loans?
Answers
Answer:
personal loan is a specific amount of money you can borrow from the bank, with a fixed interest rate and you pay it back within a predetermined amount of time.
Which of these is an example of an entrepreneur?
A. Jesse has the idea for a new phone app, so he spends his money
to set up a business.
B. Olivia is part of a team that develops new products for a well established company.
C. Cleo joins her friend's new business to help with managing
finances.
D. Vince has been promoted to manager because he knows his
industry very well.
Answers
Answer: A.Jesse has the idea for a new phone app, so he spends his money
Explanation: Took the test
Jesse has the idea for a new phone app, so he spends his money to set up a business of these is an example of an entrepreneur. Thus, option (a) is correct.
What is entrepreneur?The term entrepreneur refers to the person who launched a new business with own risk and profit basis. The setup of new business with new idea and logic is called entrepreneurship. The entrepreneur is the main motive to set up business to generate employment. The entrepreneur is work new idea as called startup company.
Entrepreneur was the important role in each country. An entrepreneur is the spends his money to the set-up of the money. It was the perfect example is the Jesse has the idea for a new phone app, so he spends his money to set up a business.
As a result, the conclusion of the entrepreneur example are the aforementioned. Therefore, option (a) is correct.
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on july 31, pelham, incorporated received $5,000 cash from a customer who previously purchased pelham's products on account. what entry should pelham record at the time it receives cash?
Answers
The first stage of the book- keeping process in accounting is to produce entries in the general journal where every sale is recorded by making two contemporaneous entries, videlicet, one disbenefit entry and one credit entry. An increase in means or expenditure is considered as disbenefit while an increase in arrears or profit is considered as credit.
The correct answer to the given question is option (b) Debit Cash, $5,000; credit Accounts Receivable, $5,000.
When the ELOE Inc. receives cash of$,5000 from the client who preliminarily bought ELOE's products, the cash account increase by the corresponding quantum and the accounts receivables regard diminishments by the same quantum.
Journal Entries
Cash (asset) = $5,000 (debit)
Accounts receivable (asset) = $5,000 (credit)
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How do I create a Complio account?
Answers
Creating a Complio account is a simple process that can be completed in just a few steps, the steps are as follows:
Go to the Complio websiteClick on the "Create Account" button Enter your personal informationVerify your email addressLog in to your account Complete your profileComplio is a web-based platform that provides students and institutions with a secure and efficient way to manage their compliance requirements. By creating a Complio account, students can easily track their compliance status, submit required documents, and receive notifications when their compliance requirements are due.
Here is a step-by-step guide on how to create a Complio account:
Go to the Complio website: The first step to creating a Complio account is to visit the company's website.
Click on the "Create Account" button: On the homepage, look for the "Create Account" button and click on it.
Enter your personal information: Once you have clicked on the "Create Account" button, you will be prompted to enter your personal information, such as your name, email address, and password.
Verify your email address: After entering your personal information, you will need to verify your email address by clicking on a confirmation link that will be sent to your inbox.
Log in to your account: Once you have verified your email address, you can log in to your Complio account.
Complete your profile: After logging in, you will be prompted to complete your profile by adding any additional information that is required by your institution.
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Why doesn't the Lorax do anything to stop the Once-ler (hint: he's a symbol)? What does this tell us
about the future of business decisions?
Answers
Answer:
The Lorax is a symbol of environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. This tells us that if we do not take steps to balance economic growth and environmental sustainability, it could lead to long-term negative consequences for the environment and future business decisions.
Explanation:
The Lorax is a children's book by Dr. Seuss that explores the environmental impact of economic growth and consumerism. In the story, the Once-ler begins cutting down Truffula trees to make a product called Thneeds, despite the warnings of the Lorax, who speaks for the trees and the animals that depend on them.
The Lorax represents environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. The Once-ler's actions are driven by his desire for profit, and he continues to cut down trees despite the negative impact it has on the environment. The Lorax, as a symbol of environmental awareness, is unable to stop the Once-ler from destroying the ecosystem, which ultimately leads to the disappearance of the Truffula trees and the animals that depend on them.
This lack of balance between economic growth and environmental sustainability is a lesson that has implications for future business decisions. If businesses prioritize profit over environmental sustainability, it could lead to long-term negative consequences for the environment, which could ultimately harm the economic viability of those businesses. It is important for businesses to consider the environmental impact of their decisions and take steps to balance economic growth and sustainability for the long-term health of the environment and economy.
Consider the market for fish. Demand is given by the equation P=200−Q and Supply by P=2*Q. What is the market equilibrium Price and Quantity? Please depict this situation graphically, showing Consumer and Producer Surplus. What are Consumer Surplus, Producer Surplus and Total Surplus in dollars
Answers
The market equilibrium price is approximately $133.33 and the equilibrium quantity is approximately 66.67.
To depict this situation graphically, we can plot the demand and supply curves on a graph. The x-axis represents quantity (Q), and the y-axis represents price (P). Here is a graphical representation:
```
Price (P)
|
200 | Demand
| .
| .
| .
| .
| .
| .
| .
133.33|----------------- Equilibrium Price (P)
| .
| .
| .
|.
0 |___________________
0 66.67 Quantity (Q)
```
Consumer surplus represents the difference between the price consumers are willing to pay and the equilibrium price. It is the area above the demand curve and below the equilibrium price. In this case, it can be calculated as:
To find the market equilibrium price and quantity, we need to set the demand equal to the supply and solve for Q:
Demand: P = 200 - Q
Supply: P = 2Q
Setting them equal:
200 - Q = 2Q
Combining like terms:
3Q = 200
Solving for Q:
Q = 200/3 ≈ 66.67
To find the equilibrium price, we can substitute the value of Q back into either the demand or supply equation. Let's use the supply equation:
P = 2Q = 2(66.67) ≈ 133.33
Consumer Surplus = (1/2) * (200 - 133.33) * 66.67
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What are major securities traded in the capital market?.
Answers
Financial products like stocks and debt securities are primarily sold on capital markets.
What Are Capital Markets?Savings and investments are transferred between providers of goods and services and people in need on capital markets. Banks and investors are common examples of suppliers, which are individuals or organizations with capital to lend or invest. Businesses, governments, and people all look for capital in this market. Primary and secondary markets are the components of capital markets. Stock and bond markets are the two types of capital markets that are most frequently used. By bringing suppliers and those looking for capital together and giving them a place to exchange securities, they aim to increase transactional efficiency.
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Rashad is risk averse and has $4,500 with which to make a financial investment. He has three options. Option A is a risk-free government bond that pays 8 percent interest each year for two years. Option B is a low-risk stock that analysts expect to be worth about $5,248.80 in two years. Option C is a high-risk stock that is expected to be worth about $6,122.20 in four years. Rashad should choose
A.either A or B because they are the same to him.
B.option A.
C.option C.
D.option B.
Answers
Answer:
Option A
Explanation:
Rashald should choose option A because it is low-risk, therefore guaranteeing to have $5,248.80 in two years.
Since Rashad is risk-averse, he should choose B. option A.
The investment in risk-free government bonds offers Rashad the best investment vehicle that meets his risk profile.
A risk-averse investor does not want increased returns to compensate for the higher risk in an investment.
Data and Calculations:
Total investment funds = $4,500
Rashad's risk profile = risk averse
Investment Options:
Option A Option B Option C
risk-free low-risk high-risk
government bond Stock Stock
Interest rate 8%
Investment period 2 years 2 years
Investment balance $5,200 $5,248.80 $6,122.20
Total return on investment $720 ($360 x 2) $748.80 $1,622.20
Thus, the best option for Rashad is Option A.
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Identify someone in your community who operates a small informal business,such as a street vendor who sells goods from home
Answers
In my community, there is a street vendor named Maria who operates a small informal business selling homemade baked goods. She sets up a colorful cart filled with an assortment of fresh pastries, bread, and cakes on a busy street corner.
Maria bakes everything herself from her home kitchen and brings the delicious treats to sell to locals and passersby. Her business has gained popularity over time due to the quality of her products and the personalized service she provides. Maria's street vending business not only allows her to showcase her culinary skills but also serves as a source of income for her family. Many people in the community appreciate her tasty treats and support her small business by regularly purchasing from her cart.
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Antonio, a 45-year-old, has been charged with fraud for conning an elderly couple into giving him their atm card. a judge listens to the evidence against him and decides that antonio should be charged. antonio’s lawyer points out that he has never been a violent person. he concedes that the charge against antonio is serious but promises that if set free until trial, he will return to face the charges. given his history and the crime, what will the judge most likely do to antonio at this stage? he will release antonio on his own recognizance. he will release antonio into the custody of his wife he will set bail for antonio at $3000 he will detain antonio in jail until the trial date
Answers
If Antonio, a 45-year-old, has been charged with fraud for conning an elderly couple into giving him their atm card. The judge will likely: C. He will set bail for Antonio at $3000.
What is fraud?
Fraud can be defined as the act of deceiving someone due to the benefit that a person what to derived or due to the selfish interest of the person who defraud another person. A fraudulent act is a criminal act in the court of law.
Based on the given scenario since the judge listens to the evidence against Antonio and decides that he should be charged , based on the history and crime of Antonio what the judge is likely to do is to set bail for Antonio at the amount of $3,000.
Therefore we can conclude that the correct option is C.
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What is the first step taken by the accountant when the Trial Balance does not balance?
When the Trial Balance of a business does not balance, then the accountant opens a _______ account, which is a temporary account to hold entries pertaining to accounting errors.
Answers
Checking for errors comes first, after which the accountant sets a Suspense Account to keep entries pertaining to the errors that led to the imbalance.
What does the accountant do initially when the trial balance is out of balance?The right answer is d. The accountant must begin working from the trial balance to the ledger when the trial balance is unbalanced.
When your trial balance columns suddenly stop agreeing, what should you do first?Calculate the difference after re-adding the trial balance. You should first recalculate the entire debits and total credits to see if the trial balance is equal. The difference between these two totals must be determined if they are not equal.
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what does the going concern concept mean?
A)a business is profitable
B)a business will continue to operate for the foreseeable future
C) the assets of a business exceed its liabilities
D)the assets of a business should be evaluated at disposal value
Answers
Answer:
B)a business will continue to operate for the foreseeable future
Explanation:
The concept of 'going concern' means that a business will continue to operate into the foreseeable future. It implies that a business has a long life and is no danger of shutting down or being liquidated.
The going concern concept may be applied when a business is being sold or acquired. When a business is being sold as a going concern, it means that it is being sold as a unit. After the transaction, the business is expected to continue with its operations as normal.
Which term is used to describe the companies that have low customer contact and are capital intensive, yet they provide a service
Answers
The term that is used to describe companies that have low customer contact and are capital intensive, yet they provide a service is "service factory."
A service factory is a type of service organization that has low customer contact and is capital intensive, yet it provides a service. This type of service factory can be found in industries such as utilities and telecommunications. The company's operations are usually mechanized, and its service delivery is standardized.
For example, a power plant could be considered a service factory because it provides electricity to its customers. The customer has very little interaction with the power plant but relies on its service to operate their homes or businesses.
The primary goal of a service factory is to maximize efficiency and minimize costs. These companies typically use technology and automation to streamline their operations. They are often highly regulated and have large capital investments, which can make it difficult for new entrants to enter the market. Overall, service factories are an important part of the economy because they provide essential services to customers.
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Comparing actual net income to budgeted net income is often done to evaluate the manager of a(n) ______________ center.
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Comparing actual net income to budgeted net income is often done to evaluate the manager of a profit center. A profit center is a department or business unit that generates revenue and incurs costs, and is therefore responsible for its own profitability.
By comparing actual net income to budgeted net income, the manager of a profit center can assess whether the department is meeting its financial targets and contributing to the overall success of the organization.
This information can also be used to identify areas where the profit center can improve its performance and increase profitability. Overall, evaluating the manager of a profit center through comparing actual net income to budgeted net income is an important tool for assessing the effectiveness of the department's leadership and financial management.
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