Challenging Business Problems with Detailed Answers

which sequence describes the long-run adjustment process in a competitive market when firms experience short-run economic losses?
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a retail employee overcharges a customer for an item and then pockets the difference. this practice is best identified as a (an):
1 Answer
the simplest way for a u.s. firm to do business in a foreign market is to export its products directly to that market. true false
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the equity interest in a subsidiary not attributable directly or indirectly to the parent is known as the (select all that apply)
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about what percentage of the workforce of north america is currently employed in the primary or secondary sectors of the economy?
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a formal access control methodology used to assign a level of confidentiality to an information asset and thus restrict the number of people who can access it is known as a(n) .
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consider a good with a price floor that is above the equilibrium price. if demand increases, what will happen to the price in the market and the quantity of exchanges in this market?
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early in a period in which sales were increasing at a modest rate and plan expansion and start-up costs were occurring at a rapid rate, a successful business would likely experience:
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true or false: a standard cost card shows standard costs of materials, labor, and overhead for a product and is used to prepare manufacturing budgets. true false question. true false
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accounts receivable had a balance of $4,335 on may 31. there were debit postings of $779 and credit postings of $892 during june. what was the accounts receivable balance on june 30?
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ron landscaping's income statement reports net income of $75,700, which includes deductions for interest expense of $12,400 and income taxes of $36,100. its times interest earned is:
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what is the difference between value line smart investment survey-smart investor and value line and value line- investor 600
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a prospective homebuyer with four children asks about a listing in an area of predominately single and married couples without children. what should the broker say to this prospect?
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the hipaa requirement that covered entities must limit use, assess, and the disclosure of phi to the least amount necessary to accomplish the intended purpose is a concept known as:
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when rivals can readily copy the successful features of a company's product and its actions to attract customers, the only dependable path to sustainable competitive advantage is to
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choose the response that correctly describes the tax treatment of municipal bond interest. interest from this type of investment is:
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stellar electronics relied on a large chain of consumer electronics stores to sell its tablet computers, cell phones, and televisions and also to provide customer service and technical support. however, that retailer outsourced its service departments, and customers began to complain that they could not get reliable tech support for incline products. in response, stellar electronics decided to set up its own tech support department, and it also began to investigate opening its own brand-based retail stores. what does this scenario best illustrate?
1 Answer
blue cat restaurant group relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products and to drive down costs via process innovations. however, as a consequence of its highly compartmentalized structure, the firm has found it difficult to transfer information and ideas from one department to the next. with the launch of its new line of breakfast foods coming up, how can the blue cat restaurant group improve its ability to collaborate without sacrificing the benefits of its current structure?
1 Answer
you are evaluating two loan options for a home purchase. both are $1,000,000 monthly constant payment mortgages, amortized over 30 years. loan 1: 5% interest rate with no origination fee loan 2: 4.6% interest rate with an origination fee based on what you learned in your real estate finance and investments course, you calculate that the effective annualized cost of these loans are exactly the same if you refinance the loans after 3 years (36 months). what is the origination fee of loan 2?
1 Answer
customer service reps a) work with customers to resolve problems that arise at the time of purchase. b) work for producers calling on their intermediaries and their customers. c) provide technical assistance to order-oriented salespeople. d) work with customers to resolve problems that arise with a purchase, usually after the purchase has been made. e) are invaluable in working with business customers, but not with final consumers.
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which circumstance would give country x and absolute advantage over country y in the production of clothing? responses its tariffs on clothing were the highest in the world. its tariffs on clothing were the highest in the world. it had the largest clothing industry in the world. it had the largest clothing industry in the world. its production costs for clothing were the lowest in the world. its production costs for clothing were the lowest in the world. it had the lowest minimum wage in the world. it had the lowest minimum wage in the world.
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justin is looking to expand his pet grooming business and wants to evaluate the profitability of a potential new market. the area he is looking at has 2,000 homes and justin estimates that 20 percent of them would be likely to use his service. he charges $45 per grooming and on average customers groom their pets six times a year. justin estimates his variable costs to expand his business will be $10 per grooming and his fixed costs are $10,000. how much profit would justin make on this new segment? $128,000 $72,240 $108,000 $410,000 $98,000
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imagine that two oil companies, bq and exxoff, own adjacent oil fields. under the fields is a common pool of oil worth $144 million. drilling a well to recover oil costs $5 million per well. if each company drills one well, each will get half of the oil and earn a $67 million profit ($72 million in revenue - $5 million in costs). assume that having x percent of the total wells means that a company will collect x percent of the total revenue. if bq were to drill a second well, what would its profit be if exxoff did not drill a second well?
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an internet provider has been the only one available in the county for many years. a small startup has recently opened, offering customers internet at a much lower rate. the original internet provider buys the building that is being rented by the startup and raises their rent to an unfair amount. this makes it impossible for the startup to stay in business. if brought to the attention of authorities, what kind of crime would the company most likely be accused of? question 32 options: false advertising restraint of trade price fixing fraud
1 Answer