In a case whereby wheat is produced in a perfectly competitive market if market demand increases, the individual wheat farmer's marginal revenue will and his profit-maximizing rate of output will increase.
What is perfectly competitive market?Perfect competition can be described as the kind of competition that do take pace a s a result of how the companies sell identical products.
It should be noted that in this market, the companies can exit at any time they want and in this market the share does not influence price in the market because there are alot of the firms there.
Therefore option A is correct.
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As wheat is produced in a perfectly competitive market, if market demand increases, the individual wheat farmer's marginal revenue will and his profit-maximizing rate of output will increase.
What is a perfectly competitive market?Perfect market competition refers to the type of market structure where all producers and consumers have proper and symmetric information about the market and product.
Perfect market competition has the features of a large number of buyers, a large number of sellers and all products are homogeneous.
Basically, the perfect competitive market occurs when all the companies sell identical or homogeneous products.
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what is the diference between gdp and gnp
Answer:
GDP measures the goods and services produced within the country's geographical borders, by both U.S. residents and residents of the rest of the world. GNP measures the goods and services produced by only U.S. residents, both domestically and abroad.
Explanation:
Answer:
GDP measures the goods and services produced within the country's geographical borders, by both U.S. residents and residents of the rest of the world. GNP measures the goods and services produced by only U.S. residents, both domestically and abroad.
Explanation:
Hope it helps
Consider a four-year project with the following information: Initial fixed asset investment = $575,000; straight-line depreciation to zero over the four-year life; zero salvage value; price = $29; variable costs = $19; fixed costs = $235,000; quantity sold = 76,000 units; tax rate = 21 percent.
a. What is the degree of operating leverage at the given level of output? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What is the degree of operating leverage at the accounting break-even level of output? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
a. The degree of operating leverage at the given level of output is 1.53.
b. The degree of operating leverage at the accounting break-even level of output is 2.63.
What will the leverage be?a. The depreciation per year will be:
= Cost / Life time
= $575000 / 4
= $143750
The degree of operating leverage will be:
= 1 + (Fixed cost / Operating cash flow)
= 1 + (235000 / 444937.50)
= 1 + 0.53
= 1.53
b. The degree of operating leverage will be:
= 1 + (Fixed cost / Operating cash flow)
= 1 + (235000 / 143750)
= 1 + 1.63
= 2.63
The above shows the calculation of the degree of operating leverage.
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if, as a manager, you were to give the sales staff in your store the authority to resolve customer problems, including the authority to decide whether to issue refunds or replace the merchandise, you would be using the technique of:
If, as a manager, you were to give the sales staff and including the authority to decide whether to issue refunds or replace the merchandise, you would be using the technique of job enrichment.
Job enrichment refers to the process of adding motivators to the existing roles in order to increase the satisfaction and productivity for the employee. Thus, this is done through increasing the skill, autonomy, and task variety, by also providing feedback.
So, if as a manager, you are given the opportunity to decide whether to issue refunds or replace the merchandise, you would be using the technique of job enrichment. As, this technique aims to reduce boredom due to monotonous and repetitive tasks.
Hence, job enrichment is a technique used to motivate employees.
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A(n) ________ is a favorable circumstance that presents possibilities for progress beyond existing goals.
A opportunity is a favorable circumstance that presents possibilities for progress beyond existing goals. A business opportunity, also known as a bizopp, is the possibility to start a firm by utilising an event in the market. It entails a favorable situation that affects the entire market.
A business opportunity helps some companies succeed while hindering others. The first step in starting a business venture is to identify a business opportunity, which is a set of market circumstance that make it possible to turn an idea for a firm into a venture. The examination and validation of a business progress idea can be done using a variety of tools and techniques. They typically result from events that happen outside of your company.
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Your friend, Suzie Chang, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie’s product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow.
Factory rent $ 3,120
Company advertising 1,040
Wages paid to assembly workers 31,100
Depreciation for salespersons’ vehicles 2,110
Screws 525
Utilities for factory 855
Assembly supervisor’s salary 3,620
Sandpaper 175
President’s salary 5,140
Plastic tubing 4,000
Paint 280
Sales commissions 1,310
Factory insurance 1,080
Depreciation on cutting machines 2,130
Wages paid to painters 7,650
Assume that Suzie Chang has decided to begin production of her outdoor children’s toy and that screws, sandpaper
The classification of the items as either period or product cost are as follows:
Factory rent - Product costsCompany advertising - Period costsWages paid to assembly workers - Product costs Depreciation for salespersons’ vehicles - Period costsScrews - Period costsUtilities for factory - Period costsAssembly supervisor’s salary - Product costs Sandpaper - Product costs President’s salary - Product costs Plastic tubing - Period costsPaint - Period costsSales commissions - Period costsFactory insurance - Product costs Depreciation on cutting machines - Period costsWages paid to painters - Product costs What is a Product cost?In accounting, a product cost means any costs incurred to create a product. The typical product cost include a direct labor, direct materials, consumable production supplies, factory overhead etc. It can also be considered the cost of the labor required to deliver a service to a customer.
What is a Period cost?Basically, the period costs refers to those costs not included in product costs. These costs are not directly tied to the production process. An example includes an overhead or sales, general, and administrative (SG&A) costs.
Missing question "Identify each of the preceding costs as either a product or a period cost."
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Choose the response that completes the following sentence. A cash distribution from a qualified retirement account in which the taxpayer ONLY made pre-tax contributions:
A. is always fully taxable
B. is never taxable
C. is only taxable at the state and local level
D. may be partially taxable
The one response that will help in completing the given statement is: “is never taxable.” Hence, Option B is correct.
What is tax?A tax is a mandatory fee or financial charge that a government imposes on a person or a business in order to raise money for public projects like building the greatest infrastructure and services.
The government uses taxes to fund a variety of welfare programmes, including job initiatives. The government must pay the administrative costs for the thousands of staff in the numerous departments.
It is never taxed to withdraw cash from a qualified retirement account where the taxpayer only made pre-tax contributions.
Therefore, Option B is correct.
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A buyer bought a house for $125,000. The house, which had originally sold for $118,250, appraised for $122,500. Based on these facts, if the buyer applies for an 80% mortgage, what will be the amount of the loan?
Brenan has a personal goal to increase the inclusivity of her sociology curriculum. Which of the following strategies would be least likely to help her achieve this goal?
Group of answer choices
Requiring students to read the textbook
Encouraging students to engage in discussion about the history of discrimination
Including research that highlights underrepresented groups
Providing supplemental readings from diverse authors
The way that the personal goal that Brenan has on thwe inclusivity would have to be achieved would be Including research that highlights underrepresented groups.
What is a personal goal?This is the term that is used to refer to the objective that a person would have that would enable them to make certain decisions and also have to carry out certain tasks.
The goal that she has here ios one that has to do with the inclusiveness of other groups.
The way that this group would have to be met would be through the fact that she would have to make the research that would tell her of the people that are not represented well enough.
Then from here she would have to make and think of the ways that she would design a program that would have to include them the more.]
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The unemployment rate is calculated by taking the number of unemployed people and dividing it by the working labor force. What is the unemployment rate if the labor force is 780 people and 290 are unemployed?
A. 55.6%
B. 41.4%
C. 37.2%
Answer:
C aka 37.2%
Explanation:
290÷780=0.371.....
0.371..... × 100 = 37.179.....
when rounded = 37%
Question 2. The long-run real exchange rate.
a. Provide a short answer. Other things equal, how would you expect the following shifts to affect
a currency's real exchange rate against foreign currencies?
i.
The world demand for home products increased.
ii.
There is a negative productivity shock in the home economy.
b. True or false. Suppose domestic residents decide to spend more on nontraded products and less
on tradables, and the consumption basket consists primarily of goods and services produced and
consumed at home. In that case, there will be an appreciation of the home currency.
Answer: I don't know
Explanation: I don't know
A CPA firm should establish procedures for conducting and supervising work at all organizational levels to provide reasonable assurance that the work performed meets the firm’s standards of quality. To achieve this goal, the firm most likely would establish procedures for?
A CPA firm should establish procedures for conducting and supervising work at all organizational levels to provide reasonable assurance that the work performed meets the firm’s standards of quality. To achieve this goal, the firm most likely would establish procedures for Reviewing documentation of the work performed and reports issued.
Your CPA firm is likewise required to corroborate the quantities and disclosures covered to your monetary statements by acquiring audit proof thru inquiry, bodily inspection, observation, third-birthday birthday celebration confirmations, examination, analytical tactics and different tactics.
A detail of a CPA firms fine manipulate device that must be taken into consideration in organizing its fine manipulate guidelines and tactics Managing human resources. The fine manipulates guidelines and tactics relevant to a firm's accounting and auditing exercise must embody the subsequent elements: Independence, Integrity, and Objectivity.
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Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase.
The computation of the gross profit earned by the company for each of the four costing methods under the perpetual inventory system is as follows:
FIFO LIFO Weighted Specific
Average Identification
Sales revenue $50,900 $50,900 $50,900 $50,900
Cost of goods sold 31,800 32,920 32,961 32,540
Gross profit $19,100 $17,980 $17,939 $18,360
What is the gross profit?The gross profit is the first-line profit obtained by deducting the cost of goods sold from the sales revenue.
The cost of goods sold is the difference between the total cost of goods available for sale and the ending inventory.
From the gross profit, other expenses are deducted before arriving at the net income, which is the bottom-line profit.
Date Activities Units Unit Cost Total Units Sold at Retail
Mar. 1 Beginning inventory 100 $50 $5,000
Mar. 5 Purchases 400 $55 22,000
Mar. 9 Sales 420 at $85 $35,700
Mar. 18 Purchases 120 $60 7,200
Mar. 25 Purchases 200 $62 12,400
Mar. 29 Sales 160 at $95 $15,200
Total 820 $46,600 580 $50,900
Inventory sold 580
Ending inventory 240 (820 - 580)
Average cost = $56.829 ($46,600/820)
a) FIFO:Ending inventory = $14,800 (40 x $60 + 200 x $62)
Cost of goods sold = $31,800 ($46,600 - $14,800)
b) LIFO:Ending inventory = $13,680 (80 x $50 + 120 x $60 + 40 x $62)
Cost of goods sold = $32,920 ($46,600 - $13,680)
c) Weighted Average:Ending inventory = $13,639 (240 x $56.829)
Cost of goods sold = $32,961 (580 x $56.829)
d) Specific identificationUnits sold Cost
80 units from the beginning inventory at $50 $4,000
340 units from the March 5 purchase at $55 18,700
40 units from the March 18 purchase at $60 2,400
120 units from the March 25 purchase at $62 7,440
580 units Total $32,540
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Question Completion:Date Activities Units at Cost Units Sold at Retail
Mar. 1 Beginning inventory 100 $50
Mar. 5 Purchases 400 $55
Mar. 9 Sales 420 at $85
Mar. 18 Purchases 120 $60
Mar. 25 Purchases 200 $62
Mar. 29 Sales 160 at $95
Under the perpetual inventory system.
the growth rate of nominal gdp was 9.4%, and the growth rate of real gdp was 7.4% for iceland in 2016. approximately what was the percentage change in prices?
Based on the growth rate in Nominal GDP and the growth rate in Real GDP, the approximate change in prices was 2%.
How to find the change in price?When given the nominal GDP growth rate and the Real GDP growth rate, the percentage change in prices can be found to be:
= Nominal GDP growth rate - Real GDP growth rate
= 9.4% - 7.4%
= 2%
The reason for this is that the Nominal GDP shows the change in GDP including the change in prices while the change in Real GDP does not include the change in prices. The difference is therefore the change in prices.
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A sole proprietor who earned a net profit from their business may be eligible for which of the following tax benefits?
A. a deduction of up to 20% of gross income from all sources including wages and investments
B. a deduction of up to 20% of qualified business income
C. a more favorable tax rate of 0%, 15%, or 20% on net profit from business
D. a flat corporate tax rate of 21% on net profit from business
One of the tax benefits deductions of up to 20% of qualified business income may be available to a sole proprietor who has made a net profit from their business.
By deducting regular and required trade or business expenses from the gross income you received from your trade or business, you can determine net earnings.
What happens to a sole proprietorship's profits?
Lone Proprietorship: A sole proprietor owns the entire business and is responsible for all losses, which may be greater than the owner's initial investment.
What does the term "sole proprietorship" mean?
Definition. A business that is solely held by one natural person and in which there is no legal separation between the owner and the business entity is known as a sole proprietorship.
The sole proprietorship's balance statement reflects the accounting formula Assets = Liabilities + Owner's Equity. Owner's equity is made up of a drawing account and the owner's capital account.
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A recent national survey found that high school students watched an average (mean) of 7.7 movies per month with a population standard deviation of 0.9. The distribution of number of movies watched per month follows the normal distribution. A random sample of 46 college students revealed that the mean number of movies watched last month was 7.0. At the 0.05 significance level, can we conclude that college students watch fewer movies a month than high school students?
a. State the null hypothesis and the alternate hypothesis.
multiple choice 1
H0: μ ≥ 7.7; H1: μ < 7.7
H0: μ = 7.7; H1: μ ≠ 7.7
H0: μ > 7.7; H1: μ = 7.7
H0: μ ≤ 7.7; H1: μ > 7.7
b. State the decision rule.
multiple choice 2
Reject H1 if z < –1.645
Reject H0 if z > –1.645
Reject H1 if z > –1.645
Reject H0 if z < –1.645
c. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)
d. What is your decision regarding H0?
multiple choice 3
Reject H0
Do not reject H0
e. What is the p-value? (Round your answer to 4 decimal places.)
a. The null hypothesis and the alternate hypothesis is H0: μ ≥ 7.7; H1: μ < 7.7
b. The decision rule is Reject H0 if z < –1.645
c. the test statistic is -5.2751
d. we would have to reject the null hypothesis
e. p value is 0.0001
What is a hypothesis?This is the term that is used to refer to the proposed explanation that is made as a way to carry out an explanation that a phenomenon occurred in research.
The hypothesis can be likened to be a wise guess. In this question, the hypothesis that is made is that H0: μ ≥ 7.7; H1: μ < 7.7
How to solve for the test statistic
7 - 7. 7 / 0.9 / √46
= -0.7 / 0.1327
= -5.2751
d. The decision would be to reject H0
e. The p value = 0.00001
Given that the p value is less than the significance level at 0.05, we have to reject the null hypothesis.
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Cool Wave Skateboards has 18 different skateboard models that can be created
in over 2 million combinations. Each combination is designed to fit the needs of a
specific customer. Therefore, the customer chooses the model, size, color, and
design they want. An analysis of this company's operation would indicate that it
uses
Cool Wave Skateboards has 18 different skateboard models that can be created in over 2 million combinations. An analysis of this company's operation would indicate that it uses mass customization.
What is mass customization.?Generally, A client may create some made-to-order elements of a product via mass customization, which keeps prices closer to those of mass-produced items while still allowing the customer to design the product.
Modularity is a feature that may be found in some of the product's constituent parts. Because of this versatility, the customer may construct a semi-customized end product by picking and choosing from the available possibilities.
In conclusion, There are 18 distinct skateboard models available from Cool Wave Skateboards, each of which may be customized in more than 2 million different ways.
An examination of how this firm operates reveals that it makes advantage of mass customization. [Case in point:]
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CQ
Spokes Bikes has 18 different bicycle models that can be created in over 2 million combinations. Each combination is designed to fit the needs of a specific customer. Therefore, the customer chooses the model, size, color, and design they want. An analysis of this company's operation would indicate that it uses
-lean manufacturing.
-flexible production.
-mass customization.
-continuous production.
bruce wills has been making contributions into an individual retirement account on behalf of his nonworking wife. what type of individual retirement account is this?
This is a spousal IRA retirement account that bruce wills has been making contribution into.
What is retirement account and what type of individual retirement account is mentioned here?A retirement account allows and provides one the opportunity to save money for retirement.An IRA that is individual retirement account is the same in the financial booth , saving and depositing money for retirement.Individual retirement account offers tax free money deposit and money saving for retirement.Here bruce wills has been making contributions into an individual retirement account on behalf of his non working wife.Hence it is spousal IRA retirement account that bruce will has been making contribution into.To know more about retirement account visit:
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Can anyone help me out
It is a false statement that Hazmat suits are used for the protection of people wearing suits.
It is a true statement that the associate should apply labels that are not directed by the system.
It is a true statement that the two type of lithium battery are Lithium Ion and Lithium Metal
It is a false statement that it is okay for a Hamzat suit to wrap around the edge of a box
What is the purpose of hazmat suit?A hazmat suit means a piece of equipment that form part of the personal protective equipment (PPE) kit. The suit includes a garment that is impermeable and its designed especially for the protection of the wearer from any kind of hazardous substances.
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How do you deal conflicts business planning?
Answer:
1. clarify what is the source of conflict
2. Find a safe and private place to talk
3. Listen actively and let everyone have their say
4. Investogate the situation
5. Determine ways to meet the common goal
6. Agree on the best solution and determine the responsibilities each party has in the resolution
7. Evaluate how things are going and decide precentative for the future
Explanation:
Which of the following statements about capital structure are correct? Select ALL correct answers.
Having too little debt may increase the risk of default in repayment, this statements about capital structure is correct.
A company's capital structure is the specific mix of debt and equity it uses to fund both its general operations and expansion. A company's capital structure may include a combination of common stock, preferred stock, risk, long-term debt, and short-term debt. When examining a company's capital structure, the ratio of short-term to long-term debt is taken into account.
Analysts frequently refer to a company's debt-to-equity (D/E) ratio, which sheds light on how dangerous its borrowing practises are, when discussing capital structure. A corporation with a significant debt load typically has a more aggressive capital structure, which increases the risk to investors. But this risk can be the main driver of the company's expansion.
The complete question is, "Which of the following statements about capital structure are correct? Select ALL correct answers
Having too little debt may increase the risk of default in repaymentA company should always finance its business using as much debt as possible in order to optimize the capital structureHaving too much equity may dilute earnings and the value of the original investorsA company needs to consider the current economic climate when making decisions on debt and equity proportions"Learn more about Debt Capital here:
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Given the following hypotheses:
H0: μ = 470
H1: μ ≠ 470
A random sample of 13 observations is selected from a normal population. The sample mean was 475 and the sample standard deviation 9. Using the 0.05 significance level:
a. State the decision rule. (Negative amount should be indicated by a minus sign. Round your answers to 3 decimal places.)
b. Compute the value of the test statistic. (Round your answer to 3 decimal places.)
The decision rule that has been established in the question is reject H0 if t < - 2.179 or t > 2.179
The test statistic is 2.0058
Decision ruleGiven a level of significance of 0.05
degree of freedom = 13 - 1 = 12
the t critical value is ±2.179
if
t < 2.179: fail to reject the null hypothesis.
t > 2.821: Reject the null hypothesis.
How to solve for the test statisticWe have to solve for the test statistic using the values that we have here
we have the following values
sample mean = 475
the standard deviation = 9
mu = 470
The formula for the test statistic is
[tex]t = \frac{x-u}{s/\sqrt{n} }[/tex]
475 - 470 / 9 / √13
= 5 / 2.493
= 2.0056
In summary,
The degree of freedom df = 13 -1 = 12
t 0.025, 12. This test is a two tailed test
= ±2.179
a. The decision rule would be reject the null hypothesis if t < - 2.179 or t > 2.179
b. The value of the test statistic is given as 2.006
The test statistic that we have here c an be seen to fall between the two critical regions that we have in the question. The decision that we have to take would be for us to fail to reject the null hypothesis.
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Melissa has been an assistant at Star Equity Bank for more than 14 years. She earns a good salary and has made friends at work, but she has been passed over for promotion twice and feels that no one appreciates her abilities and skills. Melissa is concerned with satisfying her
Since Melissa has been an assistant at Star Equity Bank for more than 14 years. Melissa is concerned with satisfying her self-actualization.
What does Maslow mean by self-actualization?
In his "Hierarchy of Needs" theory of human motivation, Maslow made reference to self-actualization, the highest level or stage. The highest-order motivations, according to the hierarchy of needs, are those that push us to reach our "ideal self" and accomplish our full potential.
Therefore, Self-actualization refers to achieving one's full potential. Since most individuals are working to meet more urgent wants, it sits at the top of Maslow's hierarchy of needs and is regarded as the exception rather than the rule.
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fedex is a great example of a company that created a competitive advantage through combining mis and _______________.
FedEx is a great example of a company that created a competitive advantage by combining mis and traditional distribution and logistics processes.
If we evaluate FedEx and seafloor offerings, u.s.is usually faster than FedEx. one of the possible reasons for this is that u.s.a.has a bigger fleet of vans in the united states of America and, therefore, is capable of procedure and reaching numerous places faster than FedEx.
FedEx tries to touch the Recipient earlier than shipping, to ensure that the Recipient continues the fee at the time of delivery. FedEx returns the fee to the Shipper with whole visibility of the popularity of the shipment and price series on fedex.com/in. A charge of INR. a hundred sixty-five/- is applicable per Waybill for C.O.D.
One of the most common reasons that FedEx will delay a bundle is due to the fact they themselves decide that it wishes to be delayed, both to be in addition scrutinized, further investigated, or similarly searched via by way of the necessary authorities.
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A managerial innovation that improves the efficiency of a company's cross-functional
teams would be considered a(n) _______ innovation.
a) product
Ob) process
c) core
d) transformational
e) practical
Suppose the supply chain for a clothing industry is as follows:
Raw materials > Parts manufacturing > Final assembly > Retailer > Customer
If a final assembly company wants to expand into the manufacturing industry, it is pursuing which kind of integration?
Backward Vertical Integration is the strategy that is taken by a firm that specializes in final assembly and wants to grow into the manufacturing sector.
This is further explained below.
What is Backward Vertical Integration?Generally, One kind of vertical integration is known as "backward integration," in which a firm increases its function to take on responsibilities that were previously handled by enterprises farther up the supply chain.
In other words, backward integration occurs when a firm acquires another company that offers the items or services that are required for manufacturing. Backward integration may also be referred to as supply chain management.
In conclusion, for a company with chains as
Raw materials > Parts manufacturing > Final assembly > Retailer > Customer
Backward Vertical Integration is best adapted
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Which is an indicator of a highly relevant comparable company?
An indicator of a highly relevant comparable company is what is known as industry classification.
Industry classification is a very germane factor when selecting comparable companies. Begining with a company's industry will help an analyst find similar companies, as companies in an industry often operate similarly.
What is an industry classification?Industry classification or industry division is a type of economic categorization that classifies companies, organizations and traders into industrial divisions based on similar production processes, similar products, or similar behavior in financial markets.
Various Classification of Industry is as follows:Considering various several school of thoughts on the classification of industry. The most commonly used classification of industry in socio-economic term is carefully stated below:
Primary IndustrySecondary Industry : Heavy and Light IndustryTertiary IndustryQuaternary IndustryBasic IndustryNon-Basic IndustryTherefore, the key factor which serves as indicator of a highly relevant comparable company is industry classification.
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economic production has fallen to less than full potential due to inadequate incentives for firms to produce. the duration of this economic condition will likely be: question 5 options: indefinite unknown long-term short-term
Economic production has fallen to less than full potential due to inadequate incentives for firms to produce. The duration of this economic condition will likely be short term.
Economic production is a process that employs labour, capital, products, and services as inputs and produces outputs of goods or services under the direction and supervision of an institutional unit. Factors of production in economics are the resources that people employ to create commodities and services; they are the foundation of the economy.
The four kinds of elements of economic production distinguish between are land, labour, capital, and entrepreneurialism. However, much as technology aids in boosting the effectiveness of the production components, it may also replace labour to cut expenses. For instance, robotics and artificial intelligence are employed in manufacturing to increase efficiency, decrease expensive human error, and eventually lower labour costs.
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An example of a job design technique is job rotation, True or false?
Answer:
False
Explanation:
Job Rotation is an Example of Job Enlargement
Using at least five (5) of the performance indicators, what can management do to
improve the firm's profitability?
Profitability may be boosted in four important areas. Costs are being cut, turnover is rising, productivity is up, and efficiency is up.
What are the five methods to boost profits?Boost your prices.
More customers are needed.
Increase the number of times your consumers buy from you.
Customers' purchases should be increased.
Boost the effectiveness of the production of goods and services.
How can the profitability of the branch be increased? Please list five strategies to improve branch profitability.Define your connections.
Determine the best and worst performers.
control risk in the right way.
dependent on the relationship, the price.
a bonus determined by profitability.
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The estimated economic loss of all motor vehicle crashes in 2012 was $26,000.
a. true
b. false
The estimated economic loss of all motor vehicle crashes in 2012 was $26,000 is false.
Pure economic loss refers to financial damage and loss that is not the result of physical harm to a person or property. It occurs when the defendant's negligent behavior directly causes economic injury to the plaintiff's person or property.
Consequence loss: This is also known as "secondary loss," and it happens when a person suffers injury as a result of the defendant's actions. It covers the loss of goodwill, reputational harm to a company, and any loss caused by a faulty product. Negligent behavior by a defendant can be proven only when the defendant owes the plaintiff a duty of care, which is an issue for the court to decide based on the facts of the case.
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the estimated economic loss of all motor vehicle crashes in 2012 was $26,000 is a False statement
In the approximate 5,615,000 motor vehicle traffic crashes that the police reported in 2012, 33,561 people died, 2,362,000 people were hurt, and 3,950,000 crashes only caused property damage. In 2012, one person died in a motor accident every 16 minutes, or 92 people per day on average. Thankfully, significant progress has been made in lowering the amount of fatalities and injuries on the roads in our country Any financial loss that a person, company, or other entity endures is considered an economic loss. Personal injury is not included in economic loss because it is governed by tort law. Economic loss refers to the loss of money or loss of transport like motor vehicle, car etc. either directly or indirectly. total economic impact, which includes both direct and indirect economic losses. The monetary worth of the complete or partial destruction of tangible assets already present in the impacted area is known as direct economic loss.
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