Which of the following would cause a decrease in supply of good? . A- the price of a complementary good decreases B- the price paid for a labor decreases c-the price of a substitute good increases D- the price of Key raw material increases

Answers

Answer 1

Answer:

D- the price of Key raw material increases

Explanation:

Supply is the size or quantity of goods and services that sellers are willing to avail to the market at a set price. By supplying products and services, suppliers satisfy a need in society and also make profits. As business people, suppliers will be happy to sell more when the profit margins are high.

An increase in the price of a key raw material increases the cost of production. Suppliers may lack sufficient resources to purchase the raw material at a high price, which decreases production. Again, the increased cost of production reduces the profits margin from the product. A reduction in profits margin makes a business unattractive to suppliers.

The other options decrease the cost of production, which results in a higher output.


Related Questions

When does the finance charge begin to accrue on the credit card from the local department store

Answers

The finance charge on a credit card from a local department store will typically begin to accrue on the day that the balance is incurred. This means that if you make a purchase on your credit card, the finance charge will begin accruing on that day, regardless of when the bill is due.

Please note that some credit card companies may have different policies regarding when loan fees start. For example, some credit card companies may offer a grace period, which is a period of no loan fees, usually beginning on the billing date, as long as the balance is paid in full by the due date. Therefore, it is important to check your credit card's terms and conditions or contact customer service for the exact conditions under which a particular credit card will accrue financing fees.

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Social networks are a hothouse for "_________" media, where enthusiast-consumers can help spread the word about products and services.

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Social networks are a hothouse for user-generated media, where enthusiast-consumers can help spread the word about products and services.
In this context, user-generated media refers to content created by enthusiast-consumers on social networks, which can then be shared to promote products and services.

Social networks are a hothouse for "earned" media, where enthusiast-consumers can help spread the word about products and services. Some networks are curating user feeds, so it's not guaranteed that what you're posting on social networks will even be seen.Social media enables people to connect with one another and make decisions about what they want to purchase.

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Donald Trump wanted to pull us out of the WTO because he thought China was cheating. Would you stay in or leave?

Answers

Answer: I hate Trump and would make him eat tortilla chip vertically :/

Explanation:

A friend comes to you seeking advice. He got into trouble at work for not being a team player. He really likes his job and isn’t quite sure what to do. What suggestions would you give to your friend to help him improve? How might he respond to his boss? paragraph... hurry need it by tomorrow

Answers

Answer:

well he should apologize to his boss and everyone he wasn't a team player to because someone must have told his boss, and then proceed to say he with work with others better and mean it. hope this helps your "friend"

Explanation:

The response to hie boss is advice by a friend is that he should justify to his boss and everyone else who knew he wasn't a team player, and then proceed to say he will work better with others and mean it.

What is the team player?

Effective team players hold themselves and others accountable. They accept responsibility for their actions or mistakes and comprehend how their decisions affect the team.

Adapting to change is an essential component of team success.  If they have the backing of a team, people are more likely to take calculated risks that lead to innovation.

Working as part of a team promotes personal development, increases job satisfaction, and reduces stress. In the given case, his boss's response is advice from a friend that he should justify to his boss and everyone else who knew he wasn't a team player, and then proceed to say he is a team player.

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Sample T-Shirt Company, INC. needs help with their profit loss statement for their fourth quarter which lasts between October 1st and December 31st. They have sold 14,320 t-shirts this quarter at $20 a shirt. These shirts cost $3 to make. Of all of the shirt orders, 80 percent are shipped to customers. The company offers free shipping, so they must pay an average of $4 in postage per shirt shipped. The company has three employees who each make $80,000 a year. The company has general liability insurance which costs $600 a year, with equal payments every month. The company rents out a small production space for $600 a month. Each month the company pays $300 for web advertising, $200 for print advertising and $500 for television advertising. The company pays 15 percent of their profit in taxes.

Answers

The preparation of the fourth quarter, October 1st to December 31st profit and loss statement for T-Shirt Company, INC., is as follows:

T-Shirt Company, INC.

Profit and Loss Statement

For the fourth quarter ended December 31

Sales revenue                        $286,400

Cost of goods sold                   (42,960)

Gross profit                            $243,440

Rental income                              1,800

Total income                         $245,240

Expenses:

Freight-out              $45,824

Salaries                     60,000

Insurance Expense        150

Advertising expense 2,950  (108,924)

Income before taxes             $136,316

Income tax rate (15%)              20,447

Net income                         $115,869

What is the profit and loss statement?

The profit and loss statement also known as the income statement is a periodic financial statement that summarizes the revenues, costs, and expenses for the specified period.

The statement is used to determine the profit or loss during the stated period.

Data and Calculations:

Number of shirts sold = 14,320

Selling price per t-shirt = $20

Sales revenue = $286,400 (14,320 x $20)

Product cost per t-shirt = $3

Cost of goods sold = $42,960 ($3 x 14,320)

Freight-out to customers = $45,824 ($4 x 14,320 x 80%)

Salaries Expense of employees for the quarter = $60,000 ($80,000 x 3 x 1/4)

General Liability Insurance Expense = $150 ($600/4)

Rental income for the quarter = $1,800 ($600 x 3)

Web = $900 ($300 x 3)

Print = $400 ($200 x 3)

Television = $1,500 ($500 x 3)

Advertising expense = $2,950

Income tax rate = 15%

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Given the following information, what is the monthly payment assuming this is an interest-only mortgage?
Loan amount: $56,000
Term: 15 years
Interest Rate: 7.5%
A. $245.00
B. $350.00
C. $306.00
D. $420.00

Answers

The monthly payment for an interest-only mortgage is calculated by multiplying the loan amount by the interest rate and dividing by 12.

For this loan:

($56,000 x 7.5%)/12 = $350.00

Therefore, the answer is B. $350.00.
To calculate the monthly payment for an interest-only mortgage, use the formula:

Monthly payment = (Loan amount × Interest rate) / 12

In this case:
Loan amount = $56,000
Interest rate = 7.5% (0.075 as a decimal)

Monthly payment = ($56,000 × 0.075) / 12
Monthly payment = $4,200 / 12
Monthly payment = $350.00

So the correct answer is B. $350.00.

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In which market would a producer sell bicycles to consumers?

Answers

In the markets for goods and services, a producer would sell his bike for purchase by customers.

What is the market for goods and services?

Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.

The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.

The rule of supply and demand governs how much is produced and at what price in the market for products and services.

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according to the e-waste in south africa video case, what has resulted in a business opportunity for bolunga electronic waste company to provide recycling e-waste services?

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According to the e-waste in South Africa video case, the availaiblity of e-waste provides a business opportunity for bolunga electronic waste company to provide recycling of e-waste services.

What is an Electronic waste?

An electronic waste refers to a discarded electrical or electronic devices. These used electronics device, which are destined for refurbishment, reuse, resale, salvage recycling through material recovery or disposal are also known as e-waste.

According to the UN’ Global e-waste Monitor report, an approximate of 360,000 tons of e-waste is generated annually in South Africa and Gauteng is responsible for about 55% of it since it is the economic center of the country.

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Kristina works at a coffee shop. She can produce 200 coffee drinks in four hours. What is her productivity for one hour?

Answers

Answer: She can produce 50 drinks in 1 hour, 200/4 = 50

Answer:

50

Explanation:

divide 200 by 4

hope this helps dont 4get to like and star

-mercury

which of the following deals with employee's health care? a. cobra b. osha c. flsa d. erisa

Answers

The option that deals with employee's healthcare is **a. COBRA**.

COBRA stands for the Consolidated Omnibus Budget Reconciliation Act. It is a federal law in the United States that provides certain employees and their dependents the right to continue their group health insurance coverage for a limited period after leaving their job. COBRA ensures that employees have access to healthcare coverage, even if they are no longer employed or experience a qualifying event such as termination, reduction in hours, or divorce.

OSHA (Occupational Safety and Health Administration) focuses on workplace safety and health regulations.

FLSA (Fair Labor Standards Act) addresses minimum wage, overtime pay, and child labor standards.

ERISA (Employee Retirement Income Security Act) primarily governs employee benefit plans such as pensions and retirement savings

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in the formula, p5 = dx*(1 g)2/(r − g), the dividend is for period x:

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The formula p5 = dx*(1 + g)2/(r - g) represents the calculation of the price (p5) of a stock or asset at period 5, where dx is the dividend for period x, g is the expected growth rate, and r is the discount rate or required rate of return.

In this formula, the dividend dx corresponds to a specific period x. The dividend represents the cash payment or distribution made by the company to its shareholders. It can be in the form of regular payments, such as quarterly or annual dividends, or special dividends.The dividend for period x is multiplied by the growth factor (1 + g)2, which accounts for the expected growth in the dividend over time. The growth rate, g, represents the anticipated increase in the dividend payment from one period to another.The denominator in the formula, (r - g), represents the difference between the discount rate or required rate of return (r) and the growth rate (g). This denominator is used to discount the future dividend payments to their present value.Overall, the formula calculates the price of an asset by considering the dividend for a specific period x, the expected growth rate, and the discount rate.

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what of the following components of the business concept is least likely to ensure the success of the venture?

Answers

Among the given components of the business concept, "Money" is least likely to ensure the success of a venture. While money is important for funding the business and its operations.

While having adequate financial resources is crucial for starting and running a business, it is not the sole determinant of success. Money alone cannot compensate for deficiencies in other areas of the business concept. Without strong customer demand, an effective business model, a broad distribution channel, and a compelling value proposition, even a well-funded venture can struggle to gain traction and generate sustainable revenue.

Customer demand is a vital factor as it signifies the market's interest and willingness to purchase the product or service being offered. A business may have abundant financial resources, but without a target market that desires the offering, it will struggle to generate sales and sustain profitability.

An effective business model is essential for creating a sustainable and profitable venture. It encompasses the strategy for revenue generation, cost structure, and value delivery. Even with substantial funding, a flawed or inefficient business model can lead to financial instability and eventual failure.

A broad distribution channel is crucial for reaching a wide customer base and maximizing the potential market reach. Without an effective distribution network, even a highly demanded product or service may fail to reach its target audience, resulting in missed sales opportunities and limited growth.

Finally, a compelling value proposition is critical for attracting customers and differentiating the business from competitors. It articulates the unique benefits and value that the product or service offers to customers. Without a strong value proposition, the business may struggle to stand out in a crowded market, regardless of the amount of money invested.

While money is important and necessary for various aspects of a business, it alone cannot guarantee success. A well-rounded and comprehensive business concept that incorporates customer demand, an effective business model, a broad distribution channel, and a compelling value proposition is vital for achieving long-term success and sustainability.

Complete Question:

What of the following components of the business concept is least likely to ensure the success of the venture?

a. Customer demand

b. An effective business model

c. Money

d. A broad distribution channel

e. Value proposition

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If an economy were experiencing substantial unemployment, the economy is producing inside the production possibilities frontier. (a) True (b) False

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The given statement "If an economy were experiencing substantial unemployment, the economy is producing inside the production possibilities frontier." is true.

The production possibility frontier is also known as the production possibility curve. It is a graph that represents the maximum combinations of two goods that an economy can produce using available resources and technology. The production possibilities frontier reflects the scarcity of resources and the existence of a trade-off between two goods that an economy can produce. To understand this better, let's consider the following scenario. If an economy produces at point A, which is below the production possibility curve, it means the economy is producing inside the production possibility frontier. It indicates that the economy is not utilizing all its available resources and is inefficient, and it can produce more output if it fully utilizes its resources. At point B, the economy is producing on the production possibility frontier, which means the economy is utilizing all its resources efficiently, and it cannot produce more goods without reducing the production of other goods. If the economy operates at point C, which is beyond the production possibility curve, it is not feasible, as it requires more resources than the economy possesses.

If an economy is experiencing substantial unemployment, it means there is an unused or underutilized resource available in the economy. For instance, if the labour force is unemployed, it means the economy can produce more output than it currently does. When the economy operates below the production possibility frontier, it indicates that the economy has unused resources, such as labour, capital, or land. If these resources remain unemployed, it means the economy is not utilizing them, and they are wasted. Therefore, an economy that is experiencing substantial unemployment is inefficient and produces inside the production possibility frontier. When the economy is not utilizing all its resources, it cannot produce its maximum potential output, leading to a reduction in the standard of living of individuals and economic growth. Therefore, it is essential for an economy to utilize all its available resources to maximize its output and achieve its production possibility frontier. Thus, the given statement is true as an economy that is experiencing substantial unemployment is inefficient and produces inside the production possibility frontier.

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in the late 1970s the rate of inflation was very high, exceeding 10% in 1979 and 1980. as a result, the federal reserve used to raise the federal funds rate. select the correct answer below:

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The rate of inflation was very high, exceeding 10% in 1979 and 1980, so the Federal Reserve used tight monetary policy to raise interest rates, with the federal funds rate rising from 5.5% in 1977 to 16.4% in 1981.

Electricity and homeownership costs were the most important factors riding up the CPI during 1979. gas costs rose a mean of 35.7 cents a gallon, a fifty-two. 2 percentage growth. Domestic heating oil charges climbed nearly as an awful lot, 33.8 cents a gallon, a fifty-six. 5 percentage upward push for the year.

Federal Reserve guidelines that promoted a huge boom within the money delivery are considered the main reasons for the outstanding Inflation.

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Flextrola, Inc. , an electronics systems integrator, is planning to sell its next generation product using components sourced from its supplier. Flextrola will integrate the component with some software and then sell it to consumers. Given the short life cycles of such products and the long lead times quoted by its supplier, Flextrola only has one opportunity to place an order prior to the beginning of its "selling season. " Assume that Flextrola’s demand during the season is normally distributed with a mean of 1000 and a standard deviation of 600. (A normal table is provided at the end of this exam for your convenience. )


Solectrics’ production cost for the component is $52 per unit and it plans to sell the component for $72 per unit to Flextrola. Flextrola incurs essentially no cost associated with the software integration and handling of each unit. Flextrola sells these units to consumers for $121 each. Flextrola can sell unsold inventory at the end of the season in a secondary electronics market for $50 each. The existing contract specifies that once Flextrola places the order, no changes are allowed to it. Also, Solectrics does not accept any returns of unsold inventory, so Flextrola must dispose of excess inventory in the secondary market.


Required:

a. What is the probability that Flextrola’s demand will be within 25 percent of its forecast?

b. What is the probability that Flextrola’s demand will be more than 40 percent greater than its forecast?

c. Under this contract, how many units should Flextrola order to maximize its expected profit?

d. What are Flextrola’s expected sales?

e. How many units of inventory can Flextrola expect to sell in the secondary electronics market?

Answers

With a mean of 1000 and a standard deviation of 600, the probability that the demand is going to be withing 25 percent of its forecast is 0.3230.

a. Mean = 1000

sd = 600

p(1000x 1-25%) - p(1000x 1+25%)

using the z test

d-μ/σ

\(p(z < \frac{1250-1000}{600} )-p(z < \frac{-1000}{600} )\\\\(z < 0.4167)-(z < -0.4167)\)

find values using excel sheet formula

NORMSDIST(0.4167) - NORMSDIST(-0.4167)

=m0.6615 - 0.3385

= 0.3230

b. The probability that the forecast would be more than 40 percent

1000x 1+40%

= p(D>1400)

= 1- NormDist(0.667)

= 0.225

c. Cu = 121-72 = 49

Co = 72.50 = 22

The critical ratio calculation

49/22 +49 = 0.6901

Normsinv(0.6901) = 0.496

1000+0.496x600

= 1297

The units that Flextrola has to order is 1297.

d. The expected sales of Flextrola

1200-1000/600

= 0.3333

loss function from z = 0.333 is 0.254

600x0.254 = 152. 4

1000-152.4 = 847.6

the expected sales are 847.6

e 1200- 847.6

= 352. 4

The units of inventory that can be sold is 352.4

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lmx theory can be applied . a.by mid-level leaders only b.by leaders at all levels of an organization c.by lower-level leaders only d.by upper-level leaders only

Answers

The   b. LMX theory can be applied by leaders at all levels of an organization. LMX theory, also known as Leader-Member Exchange theory, focuses on the quality of the relationship between leaders and their followers.

According to this theory, leaders form different levels of exchange with their followers, which can be categorized into two groups: in-group and out-group.In-group members have a high-quality exchange with their leaders, characterized by trust, mutual respect, and effective communication. On the other hand, out-group members have a low-quality exchange, with limited trust and communication.

Applying LMX theory, it is suggested that leaders at all levels of an organization can form both in-group and out-group relationships with their followers. This means that mid-level leaders, lower-level leaders, and upper-level leaders all have the opportunity to apply LMX theory in their leadership practices.

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1. What is the annual percentage rate (APR) for this credit card?

2. For cash advances what is the APR?

3. What three things would move the APR for the balance on this credit card to 28.99%?

4. What is the annual fee that customers are charged for holding this credit card?

5. If you decided to transfer the balance from another credit card to this credit card, what would be the fee charged?

a. What would be the APR charged for the transferred balance?

6. What is the fee for a cash advance?

7. If you use this credit card in a foreign country, what would be the fee on each transaction you made in the foreign country?

8. If you are late on making a payment, what would be the fee charged?

9. What would be the fee charged if you went over your credit limit?

1. What is the annual percentage rate (APR) for this credit card?2. For cash advances what is the APR?3.

Answers

Answer:

1.  For purchases, the APR during an introductory period is either 8.99% or 10.99% or 12.99% depending on creditworthiness. After the introductory period the APR is 14.99%

2. Cash advance monthly rate changes based on what the Prime Rate is that month + 14.99% so if the prime rate is 3, add 14.99 to that so 17.99% of the amount received in cash. So if you take $200 cash advance,  the amount charged at 17.99% would be 0.1799 x 200 =$35.98.

3. If the card holder does any of the following: makes a late payment, goes over their stated credit limit, make an account payment that is returned, or commit the afore mentioned acts on another account held by this same creditor the APR is then increased to 28.99%.

4. The annual fee charged for the credit card is $20.

5. The fee for a balance transfer is Either $5 or 3% of the amount that is transferred or $100 (whichever is greater) to this card from another account.

  a.  The APR charged for a balance transfer is 15.99%, but would vary based on the market Prime Rate.

6. Fee for cash advance is $5 or 3% of the amount of cash advance taken - whichever amount is largest.

7. 2% of the amount charged (in US dollars) in a transaction.

8.  A late fee of $25 will be charged on an account with a balance of $999 or less. If the account balance if over $1000 the late fee of $35 will be charged and the APR will increase to 28.99%.

9. A fee of $29 is charged for accounts that exceed the credit limit in addition to an APR increase to 28.99%

Explanation: explanations are with the answers listed above.

Discuss why the sweet spot is a good approach to implementing
sustainability in business

Answers

The Sweet Spot approach to implementing sustainability in business is an effective strategy because it considers the three dimensions of sustainability, social, environmental and economic, together.

This approach is an effective tool to consider how to create more sustainable products and services that can help businesses balance these three dimensions, as well as the stakeholders' expectations and needs. It recognizes that in addition to being good for the environment and society, sustainable practices also make good economic sense for businesses.  It is because customers are willing to pay for products and services that are environmentally and socially responsible, and can lead to reduced costs through increased efficiency and reduced waste, as well as increased employee satisfaction and retention.

The Sweet Spot approach to sustainability enables companies to balance the three dimensions of sustainability and create long-term value for themselves and their stakeholders. It helps businesses achieve greater success in their sustainability initiatives by making sure they are effective, efficient and profitable.

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Identify which items belong on the income statement. multiple choice Accounts receivable, net income, and dividends Revenue, expenses and net income Cash, accounts receivable, and common stock Dividends, beginning retained earnings, ending retained earnings

Answers

Items that belong in the income statement include:

Revenue, expenses and net income

The Income Statement Is used to calculate the total income earned by a company in a given period. Lists the revenue and expenses.

The net income will then be calculated by deducting the expenses from the revenue.

In conclusion, the income statement shows revenue, expenses, and income.

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give short introduction about tourism industry​

Answers

Answer:

Tourism industry is the industry that manages all the resources related to the tourism like hotel management, guides and many more. Tourism industry is very beneficial for the developing countries like Nepal, India and many more. Through it there will be economic development in the country. And from the economical development the citizens of the country can get facilities.

Answer:

Explanation: Tourism is the activities of people traveling to and staying in places outside their usual environment for leisure, business or other purposes for not more than one consecutive year.1.Domestic Tourism -Domestic tourism is the act of travelling for business or leisure within one’s home country2.International tourism-International tourisminvolves tourist who are traveling to different countries.

in the long run, both exports and imports tend to be group of answer choices unresponsive to changes in exchange rates. responsive to changes in exchange rates. negative influences on the trade balance. of no influence to the trade balance.

Answers

In the long run, both exports and imports tend to be unresponsive to changes in exchange rates. This is because in the long run, exporters and importers have already set long-term contracts that are denominated in their local currencies.

Hence, even if the exchange rates change, the prices of the products remain the same in the foreign currency.Thus, exporters and importers have no incentive to adjust the prices of their goods in response to exchange rate fluctuations.

Additionally, the exchange rate may take some time to affect international trade since the production cycle may not be easily changed. Hence, in the long run, both exports and imports tend to be unresponsive to changes in exchange rates.

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I need a writing expert to help me with this project. Please, I really need help.
The criteria necessary for successfully completing this assignment may vary by instructor, but required elements may include: MGMT 362: Organizational Behavior
Topic: Ethical and unethical ( Wellsfargo Bank)
Introduction:
A succinct synopsis of the case and problem Introduction:
Thesis statement Main Points:
Content Main paragraphs are briefly summarized, providing the reader with a logical path to the conclusion.
Conclusion:
Summarization of main points.
Additionally, what are the broader implications of this case? Use of Three Quality References Formatting: Each source is listed with a properly formatted APA reference.
Integration: Each reference is then accompanied by a short descriptive summary of the main points of the sources as well as its applicability to the term paper.

Answers

This assignment on Wells Fargo Bank requires an introduction, thesis statement, main points, conclusion, three quality references, and proper APA formatting.

For the MGMT 362: Organizational Behavior term paper on ethical and unethical practices, the assignment necessitates an introduction that provides a concise overview of the Wells Fargo Bank case and its problem. The introduction should be followed by a clear thesis statement that highlights the main focus of the paper.

The main points should be presented in the subsequent paragraphs, offering a summarized explanation of the content and creating a logical path towards the conclusion. The conclusion should summarize the main points discussed in the paper.

Additionally, the assignment requires the inclusion of three quality references, properly formatted in APA style, with each reference accompanied by a short descriptive summary of its main points and how they relate to the term paper. The broader implications of the case should also be explored.

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Which of the following is a Web 2.0 technology?a.A flameb.A wikic.A cookied.A database

Answers

The Web 2.0 technology among the given options is a wiki.

Web 2.0 is a term used to describe the second generation of the World Wide Web that emphasizes user-generated content, interactivity, and collaboration. Web 2.0 technologies include blogs, wikis, social networking sites, and online communities. Among the given options, only a wiki can be categorized as a Web 2.0 technology. A wiki is a collaborative website where users can create, edit, and link pages together.

It allows multiple users to collaborate and share information in real-time, making it an excellent tool for knowledge management and collaborative work. Wikis are widely used in organizations, educational institutions, and online communities to facilitate collaborative editing and knowledge sharing. Thus, a wiki is a perfect example of a Web 2.0 technology.

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What could this sign use on the left side.

Answers

Answer:

noce

Explanation:

100 POINTS!! Suppose that nominal GDP was $9250000.00 in 2005 in Orange County California. In 2015, nominal GDP was $11250000.00 in Orange County California. The price level rose 2.50% between 2005 and 2015, and population growth was 3.50%. Calculate the following figures for Orange County California between 2005 and 2015. Give all answers to two decimals.
Nominal GDP growth was %
Economic growth was %
Inflation was %
Real GDP growth was %
Per capita GDP growth was %
Real per capita GDP growth was %

Answers

It will be: 21.62%; 21.62%

Nominal GDP growth rate refers to the rate at which nominal GDP changes from one year to the next year.

Given that,

Nominal GDP in 2005 = $9,250,000

Nominal GDP in 2015 = $11,750,000

Rise in price level between 2005 and 2015 = 2.50%

Population growth rate = 4.25%

Nominal GDP growth rate:

= [(Nominal GDP in 2015 - Nominal GDP in 2005) ÷ Nominal GDP in 2005] × 100

= [($11,250,000 - $9,250,000) ÷ $9,250,000] × 100

= ($2,000,000 ÷ $9,250,000) × 100

= 0.2162 × 100

= 21.62%

Economic growth rate refers to the rate at which an economy is producing goods and services at a particular point of time.

Economic growth:

= [(Nominal GDP in 2015 ÷ Nominal GDP in 2005) - 1] × 100

= [($11,250,000 ÷ $9,250,000) - 1] × 100

= (1.2162 - 1) × 100

= 21.62%

Inflation rate is 22%

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List 10 resources that are scarce in the world today

Answers

The resources that will be most scarce in the future, according to the report, are -water,
-biodiversity and air,
-rare earth and metals,
-agriculture,
-waste disposal,
-processing power,
-youth,
-health and wellness,
-skills and education,
-time.

Which is a characteristic of the takeoff stage of Rostow's Five Stages of Economic
Growth?

The labor of a country is unskilled and focuses on agricultural production, animal husbandry, and the harvesting of timber.

Advancements in technology require a skilled labor force competent in electronics, medicine, and engineering.

The population as a whole has its basic needs met and enjoys a high
standard of living focused on consumer goods.

A country begins to grow rapidly and new industries start to emerge that
drive further economic development.

Answers

The characteristic of the takeoff stage of Rostow's Five Stages of Economic Growth is: A country begins to grow rapidly, and new industries start to emerge that drive further economic development.

What is Economic Growth?

The economy expands significantly during the takeoff phase as it shifts from traditional industries to more contemporary and industrial sectors. New industries frequently grow as a result of greater investment and technical development.

This expansion supports subsequent economic growth and creates the conditions for long-term advancement. Rapid industrialisation and economic structural change are occurring at this time.

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Explain the importance of assessing one's PECs before engaging in a particular entrepreneurial activity.

Answers

Answer:

To get knowledge about business

Explanation:

Before participating in an entrepreneurial characteristics activity , it is important to evaluate one PECS so we'll have an understanding of that commercial enterprise or problem and we will know our positives and negatives. It will also enable us to determine what we're doing to enhance our features.

In which of the following cases is the economy most likely considered a hyperinflationary economy?
a An economy that has a cumulative inflation rate of 90% over a three-year period
b An economy in which the annual inflation rate increased by half when compared to the prior year
c An econmy in which the annual inflation rate doubled when compared to the prior year
d An economy that has a cumulative inflation rate approaching or exceeding 100% over a three-year period

Answers

La mayor probabilidad de que una economía sea considerada hiperinflacionaria es cuando tiene una tasa de inflación acumulativa cercana o superior al 100% en un período de tres años, lo que resulta en una disminución significativa del poder adquisitivo de la moneda. Esto puede causar problemas económicos, sociales y políticos.

La mayor probabilidad de que una economía sea considerada hyperinflacionaria es aquella que tiene una tasa de inflation cumulativa cercana o superior a cien por ciento en un período de tres años. Hyperinflation es el término que se refiere an un aumento extremadamente rápido de los precios, lo que resulta en una disminución significativa de la capacidad de compra de la moneda. En este caso, la opción (d) muestra una tasa de inflación acumulativa que acerca o supera el cien por ciento en tres años, lo que indica una pérdida significativa de valor de la moneda. Los países con hiperinflación a menudo experimentan aumentos repentinos en los precios, pérdida de confianza en la moneda y inestabilidad económica. Niveles tan altos de inflation pueden perturbar la actividad cotidiana de los mercados, reducir las inversiones y los ahorros, y provocar conflictos sociales y políticos.

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monitoring other expense cost per guest is especially useful when an a. operation's variable costs exceed its fixed costs. b. operation's fixed costs exceed its variable costs. c. operation collects revenue on a daily basis. d. an operation does not collect revenue on a daily basis.

Answers

Monitoring Other Expense Cost Per Guest is especially useful when an operation's variable costs exceed its fixed costs.

Variable costs are expenses that alter when the volume of an item or service a company produces fluctuates. The total of marginal costs across all units produced represents variable costs. They might be regarded as typical expenses as well.

Total cost is divided into two parts: fixed costs and variable costs. Costs that are directly related to a certain cost object are known as direct costs. But not every variable cost is a direct expense. Overhead and direct labour are sometimes referred to as conversion costs, but prime costs are frequently used to describe direct material and direct labour.

Hence the correct option is A.

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