Economies of scale are said to exist when "inputs are increased by some percentage and output increases by greater percentage, causing unit costs to fall."
What is economic of scale?The phenomenon known as economies of scale occurs when the scale or magnitude of the production produced by a firm increases while the average cost per unit of output decreases.
Example of economic of scale is-
Economies of scale emerge when a company reaps the rewards of its size. A corporation gains from a variety of efficiency as it grows. For instance, serving 1,000 people at a restaurant is much more affordable and effective than serving just one.
Types of Economies of Scale are-
Internal Economies of Scale.External Economies of Scale. PurchasingManagerial.Technological.To know more about economies of scale, here
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When movie rentals were $2.95, Sara rented ten movies a month. The price of a rental increased by fifty cents and Sara decided to rent two fewer movies a month. When the price increased by one more dollar, Sarah decided to cut the number of movies she rented in half. What is her quantity demanded by month at the current price
Her monthly quantity demanded by month at the current price is $17.80.
When the movies were $2.95 a month, she rented 10, meaning she spent $29.50 (2.95 * 10)
She then rented two fewer movies, meaning she rented 10-2 which equals 8, and spent $27.60 (3.45 * 8)
She then cut the number of movies rented in half 8/2 which equals 4, and spent $17.80 (4.45 * 4)
So she now rents 4 movies per month, and spends $17.80
What is Quantity Demanded ?
Quantity demanded is a term used in economics to describe the total amount of a good or service that consumers demand over a given interval of time. It depends on the price of a good or service in a marketplace, regardless of whether that market is in equilibrium.
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Conflicts arise for teachers when they must serve as employee of the school, disciplinarian, and instructor all at the same time. true or false
Conflicts arise for teachers when they must serve as employees of the school, disciplinarians, and instructors all at the same time.
The given statement is true.
The most frequently seen motives for the basic conflicts faculty teachers face are pressure, proving one's position, lack of data and know-how, and differences in education and subculture.
Conflict control is the exercise of being able to become aware of and manage conflicts sensibly, pretty, and efficiently. It's miles the system of managing (perceived) incompatibilities or disagreements bobbing up from, for example, diverging evaluations, objectives, and desires.
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Vincent conveys his land to his friend "as long as it is used for non-commercial purposes." A few months later, Vincent finds out that his friend has been using the land as a parking garage for tourists and charging unreasonable rates. In this case, Vincent's friend would most likely be in violation of the ________. Group of answer choices reversion interest fee simple defeasible remainder interest future interest
Vincent's friend would most likely be in violation of the Reversionary Interest.
What is Reversionary Interest?
If a landowner is worried about how his property will be used in the future, he or she can give or sell the property conditionally rather than outright.A deed that reserves to the grantor a future ownership right upon the fulfillment of a condition gives rise to a reversionary interest.When a deed stipulates that the transfer of the property is "on condition that" or "only for so long as" the property stated in the deed is used, or not used, for specific purposes, a reversionary interest is created.When a reversionary interest is reserved in a deed, the original owner (as well as the owner's heirs, successors, and assigns) have the ability to reclaim their property in the event that commitments about future land use are broken.What is Future Interest?A possessory estate, sometimes known as a present claim to property, stands in stark contrast to a prospective interest. A future interest may be unconditional or subject to the fulfillment of a predetermined condition or event.A defensible estate is established when future interests are created. The prior estate will either be terminated by the future interest or by the natural end of the prior estate.What is Remainder Interest?
A future stake in an asset is known as a residual interest.In order for a remainderman to use and possess assets held in a trust, the trust must first be dissolved.With the remainderman's approval, the life tenant may sell inherited property.Know more About Reversionary Interest https://brainly.com/question/14364149
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In market economies, firms rarely worry about the availability of inputs to produce their products, whereas in command economies input availability is a constant concern. This is because.
In a market economy, companies rarely worry about the availability of inputs to manufacture their products, but in a command economy, the availability of inputs may not adequately meet consumer demand. It is always a concern as it is decided by a planner.
In a market economy, companies rarely worry about the availability of inputs to manufacture their products, but in a planned economy, input potential may not adequately meet consumer demand. It is always a concern as it is determined by. The availability of inputs will be determined by the market that may not provide the appropriate inputs. In a market economy, input buyers know that consumers want a product.
In a market economy, input buyers know that sellers want to make a profit. There are four types of economies: traditional, command, market, and mixed (combination of market and command).
The market economy, also known as the free market economy or the free enterprise economy, is a system in which economic decisions such as the prices of goods and services are determined by demand and demand.
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When a shift in ________________ occurs, rational expectations hold that its impact on output and employment will only be temporary.
When a shift in Aggregrate Demand occurs, rational expectations hold that its impact on output and employment will only be temporary.
Aggregate demand is a term used in macroeconomics to describe the aggregate demand for domestic products such as consumer goods, services, and capital goods.
Aggregate demand shows the overall level of consumer demand for goods produced by the economy but does not show other important economic information. For example, high aggregate demand should indicate a healthy economy because you can produce and sell many commodities.
Aggregate demand is the total amount of goods and services in an economy that consumers are willing to pay over a period of time. Aggregate demand is calculated as the sum of personal consumption, capital spending, government spending, and the difference between exports and imports.'
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The cost estimates displayed on most pricing tools, such as Medicare, SilverScript, AetnaMedicare and most third-party websites, will typically reflect __________________ pricing.
The cost estimates displayed on most pricing tools, such as Medicare, SilverScript, AetnaMedicare and most third-party websites, will typically reflect retail and networks pricing.
What is pricing?It should be noted that pricing simply means the process through which a business set its price.
In this case, the cost estimates displayed on most pricing tools, such as Medicare, SilverScript, AetnaMedicare and most third-party websites, will typically reflect retail and networks pricing.
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If an employee is the alleged perpetrator, is the mandated reporter employee required to file the suspected child abuse report and immediately inform their supervising administrator of the alleged inappropriate conduct?.
Yes, the mandated reporter employee is required to file the suspected child abuse report and immediately inform their supervising administrator of the alleged inappropriate conduct. This is further explained below.
What is inappropriate conduct?Generally, Insulting, threatening, demeaning, malevolent, degrading, or offensive language, behavior, or gestures against a person or group is Inappropriate Conduct.
In conclusion, there is an obligation on the part of the mandated reporter to disclose any suspicions of child abuse and to notify their immediate supervisor of the situation.
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The CEO of CLEO, Inc., in all her communications to employees consistently refers to her dream of CLEO becoming the company of choice for employee assistance programs. She keeps this theme uppermost and it is reflected in the firm's motto, the title of its Web newsletter, and even on the company T-shirts and mugs. This is an example of the firm's:
This is an example of how the company envisioned future.
what is envisioned fututre?A picture of your future as a result of your activities is called the envisioned Future. Review your vision, core values, and BHAGs to determine your own envisioned Future. Then, begin by outlining your ultimate goal.
Which plan is being envisioned?The imagined future expresses a specific yet unfulfilled vision for the organization. It includes an aspirational objective, a distinct and appealing trigger that acts as the focus of effort, and detailed descriptions. vivid and captivating depictions of what achieving the aspirational objective will be like.
How do you envision your team?9 Strategies for Taking Your Team Into an Unknown Future
Visualize success and take steps to achieve it.Accept trust....Sustainable production is key.Keep a record of your recovery playbook.Put your community before yourself.Exercise empathy.Make resources for emotional assistance available.learn more about envisioned future here
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In an electrically heated home, the temperature of the ground in contact with a concrete basement wall is 12.2 oC. The temperature at the inside surface of the wall is 18.2 oC. The wall is 0.15 m thick and has an area of 7.6 m2. Assume that one kilowatt hour of electrical energy costs $0.10. How many hours are required for one dollar's worth of energy to be conducted through the wall
1000 hours are required for one dollar's worth of energy to be conducted through the wall.
What is electricity?A type of energy produced by charged particles (such electrons or protons), either statically as a buildup of charge or dynamically as a current.What is heat?Heat is the result of the movement of kinetic energy within a material or an item, or from an energy source to a material or an object. Radiation, conduction, and convection are the three mechanisms through which such energy can be transferred.Solution -Assuming your heat loss is correct, and that costs you 0.10 cents.
That will cost you a dollar's worth of electricity in 100/0.10 = 1000 hours.
Therefore, 1000 hours are required for one dollar's worth of energy to be conducted through the wall.
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Which section of the project charter publicly acknowledges the commitment of the sponsor, managers and team members to the project
Signature and commitment section of the project charter publicly acknowledges the commitment of the sponsor, managers and team members to the project.
A fundamental building block of cryptography is the signature scheme. They not only serve as a significant standalone application but also serve as the foundation for other cryptographic protocols. An anonymous credential is one of the signatures' key applications.
Chaum introduced the idea of an anonymous credential [11]. A credential system enables a user to acquire credentials and demonstrate that they are held by them. A user can use his credentials in an anonymous credential system without disclosing any information that has not been specifically requested.
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The ______ is a theoretical model that explains and predicts what resource attributes underpin competitive advantage. It identifies which types of resources are key to firm performance.
The VRIO framework is a theoretical model that explains and predicts what resource attributes underpin competitive advantage. It identifies which types of resources are key to firm performance.
What is a VRIO framework?VRIO is a business analysis framework that forms part of a firm's larger strategic scheme. The basic strategic process that any firm begins with a vision statement, and continues on through objectives, internal & external analysis, strategic choices, and strategic implementation.
Therefore, the correct answer is as given above.
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The document that describes why the project is needed, and may include estimated costs and benefits, is called a:
The document that describes why the project is needed, and may include estimated costs and benefits, is called a business case.
A business case explains why starting a project, program, or portfolio is justified. It assesses the advantages, disadvantages, and risks of competing options and justifies the chosen course of action.
A business case explains why a project or task was started. It's frequently delivered in the form of a well-organized written contract, but it can also take the shape of a quick oral agreement or presentation.
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Question Content AreaTraditional manufacturing emphasizes all of the following except a.push manufacturing b.team oriented employee involvement c.cost accumulation by department d.process-oriented layout
Traditional manufacturing emphasizes all of the following except push manufacturing
In traditional manufacturing, there are four basic subtractive manufacturing processes: CNC Machining, Injection Moulding, Plastic Forming, and Plastic Joining. In contrast, 3D printing is an additive manufacturing process that builds up material layer by layer until the desired thing is formed.
A push system in manufacturing describes a business's production of items in response to anticipated demand. Making products that have a minimal likelihood of unanticipated demand changes, such as food, pharmaceuticals, household chemicals, electronics, etc., using this method is also known as "make-to-stock production."
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Civil violation of a trademark or a patent is termed ________. Group of answer choices infringement repudiation copy breach injunction
Civil violation of a trademark or a patent is termed A. infringement.
Trademark infringement is the unauthorized use of a trademark or service mark on or in connection with a product and/or service in a manner that may cause confusion, deception, or error with respect to the source of the product and/or service. is.
These are the same kind of intellectual property as copyrights and trademarks, but there is no criminal remedy for infringement.
In the event of infringement, the trademark owner (plaintiff) will file a proceeding against the infringing user (defendant) of the same or similar trademark, prevent further use of the trademark, and claim damages due to illegal use.
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If a hotel or restaurant is franchised, the property is mostly commonly owned ________________________. Select one: A. by the hotel or restaurant chain company. B. jointly by the chain company and the franchisee. C. by the local franchisee. D. by a combination of the local bank, the chain company and the franchisee. E. none of the above
C. by the local franchisee.
If a hotel or restaurant is franchised, the property is most commonly owned by the local franchise.
What is a franchise?A franchise (or franchising) is a technique of selling goods or services that involves a franchisor who creates the brand's trade name and business model and a franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchisor's name and system. The term franchise technically refers to the agreement that binds the two parties, but it is more frequently used to describe the business that the franchisee runs. The process of developing and disseminating a brand and franchise network is known as franchising.
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Managers at ADK Marketing will start using information technology to automate performance management. What should managers do first
When managers at ADK Marketing will start using information technology firstly they should assign financial and non-financial goals to each team’s activities.
Why it is important for the manager to set financial and non-financial goals?A route to financial freedom and a life free of debt can both be found with the help of meaningful goals. Together, the advantages of setting financial goals can improve the financial situation. One will become more assured in their financial judgments and see a marked reduction in worry over money.Finding potential strategies that can increase the market value of the firm is the goal of strategic financial management. In order to achieve the targeted short-term and long-term goals and maximize value for the shareholders, it also makes sure that the firm is effectively executing the plan.The odds of the business attaining significant financial goals, like sales and profitability, are increased when essential non-financial goals are attained.To learn more about financial and non-financial goals refer to:
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On october 1, sam reported the formal marketing/sales event he has scheduled for 9 a.m. on november 19. luckily, before he had flyers printed, he remembered he has an 8 a.m. dentist appointment november 19. just to make sure he can get to his event on time, he advertises the event to start at 9:30 a.m. what event reporting infraction(s) might sam incur
Answer: unreported Event
Explanation:
Sam might incur the unreported event, as he scheduled the event at 9 AM and then changed it to 9:30 A.M.
What is Event?Even refers to the planned and organized program kept for some occasion and celebration. The sole objective of the event is to bring together the people from different locations at one place and time for some reasons.
The reason of the event could be for wedding purposes, business get together or church gathering etc. All of which will be combined to investigate that goal.
According to the given, scenario, Sam reported the incident before it was advertised and at least seven days before it happened. Therefore, it can be concluded that he first scheduled the event for 9 AM and then moved it to 9:30 AM, Sam may experience the unreported event.
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The two managers are interested in hiring one of the applicants for the position. The process by which the managers determine the relative qualifications of job applicants and their potential for performing well in a particular job is known as
The two managers are interested in hiring one of the applicants for the position. The process by which the managers determine the relative qualifications of job applicants and their potential for performing well in a particular job is known as Selection.
The recruiting and selection process has quality components in each phase, from the initial choice to fill a post to the successful employee start. We hope you will gain something from the information offered at each stage of the process as you are one of the people in charge of ensuring a high-quality result. A fantastic employee is more likely to be hired at the conclusion of the process thanks to the information's important advice and suggestions for incorporating quality into EVERY step of the process.
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\Handy Helpers is considering implementing a system that will pay its cleaning workers based on the number of completed residential jobs, coupled with satisfactory ratings on random inspections to ensure quality. This system is new to the organization, and it is an example of ________ change
Handy Helpers is considering implementing a system that will pay its cleaning workers based on the number of completed residential jobs, coupled with satisfactory ratings on random inspections to ensure quality. This system is new to the organization, and it is an example of "Innovative Change".
What is innovative change?Making anything new or enhanced for a business is known as "business innovation." This could be a brand-new good or service, an enhancement to the way things are done, or anything else.
The importance of innovation in business are-
Your ability to respond to change and find new possibilities is increased by innovation. Additionally, it might help you get a competitive edge by enabling you to create better goods and services for your clients.In order for businesses to adapt and face the challenges of change, innovation is frequently required.It encourages growth stability might be really helpful to your company. In today's fiercely competitive environment, innovation is essential to achieving organizational and economic progress.Therefore, the process of creating something new or enhanced that better benefits a firm is known as business innovation which is very important in today's world.
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Dinner Is Served has created a ready-to-eat meal delivery service that is unmatched by its competition. The value the company has created now makes it difficult to implement new ideas without spending more money than it originally took to start the business. This demonstrates the idea of
This demonstrates the idea of Diminishing Returns.
What is Diminishing Returns?Diminishing Returns can be defined as the reduction in the output of a manufacturing process as factor of production goes high which in turn lead to other factors of production equal .
Hence, since the value the company has created makes it difficult to implement a new ideas without spending extra amount of money, this is called diminishing return.
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The unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed equals: Group of answer choices 20.2 %. 16.8%. 11%. 14.4%.
The unemployment rate is 14.4% based on the number of people that are employed and those who are unemployed in this town,
What is unemployment?This is when a person, who is willing and able to work at prevailing wages, does not get any work.
The unemployment rate can be found by the formula:
= Employed people / (Unemployed + Employed people)
= (11,000) / (65,400 + 11,000)
= 11,000 / 76,400
= 14.4%
Therefore, the unemployment rate is 14.4%.
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What were the most important factors that led to the midwest becoming known as the rust belt?
Ms. Poppe, a single taxpayer, made three gifts this year: $6,300 cash to her niece; $50,000 cash to Yale University; and 5,000 acres of land to her brother. Ms. Poppe's tax basis in the land was $400,000, and its fair market value of date of gift was $615,000. Compute Ms. Poppe's taxable gifts for the year.
Ms. Poppe is taxable for two gifts which are $50,000 cash to Yale university and 5,000 acres of land to her brother.
Are gifts taxed in the US?The annual gift tax exclusion is the initial way of tax-free gifting. The exclusion threshold is $15,000 per beneficiary in 2021 and $16,000 in 2022. Without incurring any estate or gift taxes, you are permitted to give any individual up to $15,000 in cash and other assets each year.Ms. Poppe gifted $6,300 to her niece which is a non-taxable gift as the cash is less than $16,000.Therefore, Ms. Poppe is taxable for two gifts which are $50,000 cash to Yale university and 5,000 acres of land to her brother.
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A domestic firm may decide to contract for the production of its goods by an established foreign manufacturer. Such private-label manufacturing by a foreign company is called: Group of answer choices franchising international labeling contract manufacturing duplicate labeling private label contracting
The private-label manufacturing by a foreign company is called contract manufacturing.
What is contract manufacturing?It should be noted that contract manufacturing us the contract to outsider manufacturing in exchange for money.
Therefore, the private-label manufacturing by a foreign company is called contract manufacturing.
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Outsourcing is an arrangement by which one organization provides a service or services for another organization that chooses not to perform them in-house. True False
This statement is False.
Outsourcing is a common approach to developing and maintaining an organization's IT systems using the expertise within the organization. Insourcing is an arrangement in which an organization provides one or more services to another organization that chooses not to perform internally.
Outsourcing is hiring a service from another company in the same country. Nearshoring Outsourcing has outsourcing contracts with companies in neighboring countries. Offshore outsourcing uses organizations in developing countries to write code and develop systems.
Benefits are Reducing and managing operating costs (this is usually the main reason). Improve the focus of the company. Free up internal sources for new purposes. Increases the efficiency of some time-consuming features that your organization may lack resources.
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Four years ago, Velvet Purses purchased a mailing machine at a cost of $152959. This equipment is currently valued at $93290 on today's balance sheet but could actually be sold for $9633. This is the only fixed asset the firm owns. Net working capital is $58314. and long term debt is $40420. What is the book value of current assets
The book value of current assets is $1,11,184.
What is Financial Management?
The technique of managing a business's finances in a way that enables it to be profitable and compliant with rules is known as financial management. That requires both a comprehensive strategy and hands-on implementation.
Financial management is fundamentally the process of creating a business plan and ensuring that it is followed by all departments.
A long-term vision may be created with the help of data that the CFO or VP of finance can supply.
The data also helps with investment decisions and provides information on how to finance those investments as well as liquidity, profitability, cash runway, and other factors.
Book value of shareholders equity = Book value of mailing machine + net working capital - Long term debt
93,290 + 58,314 - 40,420 = $1,11,184
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If the government sets floor prices for wheat or corn that guarantee farmers an above-market price for that product, the most probable result would be what?
The most probable result of the price floor is overproduction.
What is a price floor?A price floor is when the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Because price is set above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus.
Here are the options:
more suppliers would leave the market.
A black market for wheat and corn.
overproduction.
the market would suffer shortages.
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The entry of firms into a market Group of answer choices Shifts the market supply curve to the left. Increases the equilibrium price. All of the Answers are Correct. Shifts the market demand curve to the left. Reduces the profits of existing firms in the market.
The entry of firms into a market reduces the profits of existing firms in the market.
An economic market is a composite structure that is composed of multiple elements.
Firms can be placed in the category of competitive markets which are broadly categorized as perfect competition firms or monopolistic competition firms; monopoly, and oligopoly. An entry is characterized by a response to increasing profits in the industry. These high profits facilitate the entry of new firms into the market. The profits of the existing firms reduce as a reaction to the entry of new firms into a market structure. Existing firms exit when they start facing recurrent losses.Therefore, the entry of firms into a market reduces the profits of existing firms in the market.
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Jim decided to refinance his three-year-old mortgage that has a balance of $300,000. He has to pay a fee of 5% of the loan amount to the original lender for paying off the mortgage early. What is this fee called
The fee is called prepayment penalty.
A prepayment penalty is a cost charged by some lenders if you pay off all or part of your mortgage early. If there is a prepayment penalty, you would have agreed to it when you closed on your house. Prepayment penalties do not apply to all mortgages.
A prepayment penalty clause specifies that if the borrower significantly decreases or pays off the mortgage, often within the first five years of the loan, a penalty will be imposed.
Prepayment penalties safeguard lenders from the loss of interest income.
Mortgage lenders are obligated to disclose prepayment penalties when a new mortgage is closed.
Therefore, the answer is prepayment penalty.
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A worker who, after unsuccessfully seeking employment for some time, becomes frustrated and stops actively seeking work is referred to as a(n) ______ worker.
A worker who, after unsuccessfully seeking employment for some time, becomes frustrated and stops actively seeking work is referred to as a discouraged worker.
What is a discouraged, worker?It could be exceedingly challenging to find a job in some economic scenarios. Even after making multiple attempts to get employment, a person may not succeed. A discouraged worker is a person who has looked for work in the past but has given up after becoming upset by their inability to do so. They are no longer employed as a result.
There are several reasons why someone might not be able to locate suitable employment. Personal values and beliefs may be relevant, but among the most frequent causes of discouragement among workers are:
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