Goods and services that cannot be readily provided by markets, such as national security and education, are called Public Goods.
What are Public Goods?Products and services that cannot easily be obtained through markets, either because they are too expensive for a single person to purchase or because everyone else would utilize them for free if one person did.A good must be both non-excludable and non-rival in order to be categorized as a public good.If the provider of the good cannot stop individuals who don't pay from using or consuming it, the good is nonexcludable. If the consumption of one person does not prevent the consumption of any other person, the good is nonrival.A prime example of a public good is national security. We all take advantage of this government service without giving it much attention.
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A drug company that makes pain relief medication with an advertising slogan, "targeted relief for pain," is using which type of segmentation strategy that directly focuses on a specific consumer problem?.
Needs segmentation strategy is used by the drug company.
Segmentation is a form of sorting: Arranging objects in a systematic way. once objects are sorted into awesome companies (segments) based on a sure criterion, specific moves can then be taken based on that criterion. similarly, marketplace segmentation includes the sorting of the market.
Market segmentation is typically divided into four organizations: demographic, geographic, behavioral, and psychographic. Every segmentation method offers unique advertising and marketing answers, mainly when segments are mixed.
Not unusual examples of market segmentation encompass geographic, demographic, psychographic, and behavioral. Groups that understand marketplace segments can prove themselves to be powerful marketers while incomes a more go back on their investments.
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British economist David Ricardo argued that states should trade based on their _____, whereby each state produces and exports those products that it can produce most efficiently relative to other states.
British economist David Ricardo argued that states should trade based on their comparative advantage, whereby each state produces and exports those products that it can produce most efficiently relative to other states.
Along with Robert Malthus, Adam Smith, James Mill, and other notable classical economists, David Ricardo was a British political economist. He was also a politician and a member of the British and Irish Parliament.
According to Ricardo's renowned comparative advantage theory, countries can benefit from a trade advantage by concentrating on producing items that have the lowest opportunity costs when compared to those of other countries.
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Marshall suggested that the cause of a downward-sloping long-run supply curve is a. The absence of fixed cost in the long run. B. The increased number of firms in the industry. C. Reduced input prices. D. Reduced output prices.
Marshall suggested that the cause of a downward-sloping long-run supply curve is a) The absence of fixed cost in the long run.
A fixed cost tends to increase the marginal cost curve in the short run but due to the fact that the fixed cost is not viable in the long run, the marginal cost declines and so the long-run supply curve is falling in the long run.
In a lowering value industry, the long-run deliver curve is downward sloping due to the fact that as output will increase and new corporations input, production costs decline. The computer enterprise is an instance of a downward sloping supply curve, considering the fact that as the range of computers produced multiplied, the charge of inputs, consisting of chips, decline.
The lengthy-run deliver curve for an industry in which production fees boom as output rises (a growing-value industry) is upward sloping. The long-run deliver curve for an enterprise wherein manufacturing costs lower as output rises (a reducing-price enterprise) is downward sloping.
The long-run delivery is the delivery of goods to be had whilst all inputs are variable. The lengthy-run supply curve is always extra elastic than the short-run delivery curve. The lengthy-run average value curve envelopes the fast-run average fee curves in a u-shaped curve.
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A beneficial rule to follow is to set the firm's capital structure so that Blank______. Multiple choice question. the firm's value is minimized the firm's bondholders are satisfied the firm's value is maximized dividends are maximized
A beneficial rule to follow is to set the firm's capital structure so that the firm's value is minimized.
Firm's Optimal capital structureIn corporate finance, capital structure refers to the combination of several external funding sources, also known as capital, utilized to finance a company. It is listed on the balance sheet of the company and comprises equity owned by shareholders, debt, and preferred shares.The best combination of debt and equity financing for a company's capital structure optimizes market value while lowering the cost of capital. Theoretically, because debt financing is tax deductible, it has the lowest cost of capital.The best combination of debt and equity financing that increases market value while lowering a company's cost of capital is known as an optimal capital structure.One strategy to optimize for the lowest cost mix of financing is to reduce the average cost of capital.
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Moss County Bank agrees to lend the Sadowski Brick Company $500,000 on January 1. Sadowski Brick Company signs a $500,000, 6%, 9-month note. The entry made by Sadowski Brick Company on January 1 to record the proceeds and issuance of the note is
Moss County Bank agrees to lend the Sadowski Brick Company $500,000 on January 1. Sadowski Brick Company signs a $500,000, 6%, 9-month note. The entry made by Sadowski Brick Company on January 1 to record the proceeds and issuance of the note is
Cash 500,000
Notes Payable 500,000
Deposits are not "lent out" by banks. When they lend, they "make fresh money out of nothing." Each loan's total value is equal to the quantity of newly minted money. The only people to whom banks "lend out" reserves are one another.
As a means of raising money, your lender might also sell your debt. Banks really sell the servicing rights to borrowers when they sell loans. This releases credit lines and enables lenders to disperse funds to additional borrowers (and make money on the fees for originating a mortgage).
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How do taxes influence responsible financial planning?
Answer:
Proper tax planning makes it easier to build your personal finances and afford the things you want. Additionally, by anticipating taxes when you create your financial plan, it's possible to significantly boost how much money you will have in retirement.
Explanation:
A manufacturer of paper bags had a contract with a retail grocer to supply the grocer with paper bags on a quarterly basis. The grocer had always complied with the payment terms of the contract, which give the grocer a month after receipt of the paper bags to pay for them. The manufacturer heard a rumor that the grocer had consistently failed during the past several months to timely pay a frozen food company for merchandise delivered to the grocer. The rumor was false, but led the manufacturer, as well as other companies that supplied goods to the grocer, to reasonably question the retailer's ability to pay for their goods.
Forty-five days before the next shipment of paper bags was due, the president of the manufacturer called the grocer and demanded that the grocer provide assurances that it could pay for the paper bags. The grocer did not give the manufacturer assurances before the next shipment of paper bags was due.
If the manufacturer fails to make the next shipment, which of the following provides the grocer with the best argument that the manufacturer is in breach of the contract?
A. The manufacturer cannot demand assurances because the grocer has not breached the contract.
B. The manufacturer has not given the grocer sufficient time in which to provide assurances.
C. The manufacturer's demand for assurances was not in writing.
D. The rumor about the grocer's inability to pay for goods on time was false.
OnSpec, Inc., and its officers, directors, and shareholders, buy and sell securities. Section 16(b) of the Securities Exchange Act of 1934 covers purchases and sales of securities involving Group of answer choices short-swing profits. tippers and tippees. corporate insiders. misappropriation
OnSpec, Inc., and its officers, directors, and shareholders, buy and sell securities. Section 16(b) of the Securities Exchange Act of 1934 covers purchases and sales of securities involving "short-swing profits".
What is Securities Exchange Act of 1934 Section 16(b)?An act to prohibit unfair and unethical practices on such exchanges and markets, and for other objectives, to provide for the regulation of securities exchanges and over-the-counter markets operating in domestic, international, and postal commerce.
A buy and sale, or sale and purchase, within six months is referred to in Section 16(b) as a "short-swing transaction." To deter insider trading, Congress incorporated the clause into the Original Exchange Act.
Key features of 1934 section(b) act -
The restriction was put in place to stop insiders from exploiting information for the goal of generating quick money since they had more access to key corporate information.The term "insider" refers to any officers, directors, or stockholders who hold stock that, directly or indirectly, results in beneficial ownership of more than 10% of the company's ordinary stock or other class of equity. Section 16 imposes registration requirements for insiders.To know more about Securities Exchange Act of 1934, here
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a company has total current assets of $250,000 and accounts payable of $100,000. if their bank has imposed a covenant requiring a current ratio of 1.25 or better, what is the maximum level of notes payable allowable
Here the maximum level of notes payable allowable will be $100000.
Long-term obligations known as notes payable represent the sums that a firm owes its financiers, including banks and other financial institutions as well as alternative funding sources like friends and family. They are considered long-term since they are due after a year, albeit often within five years.
Calculation of Notes payable is done as follows:
Current Ratio=[tex]\frac{Current Asset}{Current liabilities}[/tex]
Now let current liabilities be 'z'
Therefore:
1.25=250000/z
Thus z=200000
Current liabilities=$200000
Here Current liabilities=Account Payable + Notes payable +
200000=100000+Notes Payable
Notes Payable=200000-100000
=$100000
Therefore the maximum level of notes payable allowable is $100000.
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Mott Company's sales mix is 3 units of A, 2 units of B, and 1 unit of C. Selling prices for each product are $34, $44, and $54, respectively. Variable costs per unit are $24, $29, and $32, respectively. Fixed costs are $533,000. What is the break-even point in composite units
The break even point in composite units is 5000 units.
Break even point
The Break-even point is calculated by dividing the fixed cost by the contribution margin per unit.
For this sales mix, the contribution margin per unit is the aggregate of each contribution margin. Contribution margin is calculated by subtracting variable cost from the selling price
Contribution margin for A is $20- $12 = $8 x 3 units
Contribution margin for B is $ 30 - $18 = $12 x 2 units
Contribution margin for C is $40 -$24= $16 x 1 unit
Total contribution margin per unit will be
(8 x 3) x (12 x 2 ) x( $16 x 1)= $64
Break-even point = $320,000 /64
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exists when a firms manager knows more about the firms prospects than the typical investor does. Multiple choice question. Asymmetric data Symmetric information Asymmetric information Symmetrical symbiosis
Asymmetric Information is the answer.
In contract theory and economics, information asymmetry deals with the study of decisions in transactions where one party has more or better information than the other.
"Asymmetric information" is a term that refers to the case where one party in a transaction has more information than the other. For certain transactions, the seller has access to the buyer due to the presence of asymmetric information. In this case, the seller has more knowledge about the item being sold than the buyer.
A common example of asymmetric information is a used car salesman. The seller knows if the car is defective, such as an electrical system failure, but the customer does not. Second, the customer is willing to pay more if he knows about all the flaws in the car than if he didn't.
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What component of GDP would a consumer buying a new house affect?
O government spending
O net exports
investment
O consumer spending
Answer:
Explanation:
A: the government is not buying the home. You are. Not A
B: The house is not being moved on any soil but American Soil. Not B
C: You could argue that a home is an investment, but not to the GDP. The answer is not C.
D: GDP would call this consumer spending.
Answer:
consumer spending
This is because, consumer spending is the same as personal consumption expenditure
If some activity creates external benefits as well as private benefits, then economic theory suggests that the activity ought to be:.
Title VII of the 1964 Civil Rights Act also applies to employers who employ less than 15 persons for a maximum of 15 hours per week during the year. Group of answer choices True False
True.
Title VII of the Civil Rights Act of 1964 (Title VII), prohibits employment discrimination based on race, color, religion, sex, or national origin;
The Equal Pay Act of 1963 (EPA), protects men and women who perform substantially equal work in the same establishment from sex-based wage discrimination;
The Age Discrimination in Employment Act of 1967 (ADEA), protects individuals who are 40 years of age or older.
The U.S. Equal Employment Opportunity Commission (EEOC) enforces all of these laws. EEOC also provides oversight and coordination of all federal equal employment opportunity regulations, practices, and policies.
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Central Supply purchased a new printer for $30,000. The printer is expected to operate for eight (8) years, after which it will be sold for salvage value (estimated to be $3,000). How much is the first and second year's depreciation expense if the company uses the double-declining-balance method
Central supply:
Life = 8 years. Depreciation rate = 100*2/8 = 25%
Book value at the start of year 1 = 30,000. Depreciation amount = 25% of 30,000 = 7,500
BV at the start of year 2 = 30,000-7,500 = 22,500. Depreciation amount = 25% of 22,500 = 5,625
Thus depreciation for 1st year is 7,500 and for 2nd year is 5,625
Legget & Plat:
a. % of asset being used up in 2011 is:
Depreciation in 2011/gross value of assets, excluding land, in 2011
Depreciation in 2011 = 98.1
Net value of property and plant - land = 580.6-45.2 = 535.4
This is the net value i.e gross value - depreciation for the year
Thus gross value of the assets = 535.4+98.1 (net value +depreciation for 2011)
= 633.5
Thus % of assets used up = 98.1/633.5 = 15.49%
b. If 15.49% of asset is being used up, then useful life = 100%/15.49% = 6.5 years
Thus this is the answer.
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Between October 2014 and October 2015, the CPI in Canada rose from 110 to 124 and the CPI in Mexico rose from 200 to 229.1. What were the inflation rates for Canada and Mexico over this one-year period
3.3 percent for Canada and 9.1 percent for Mexico is the answer
Inflation is a common rise in the prices of goods and services in the economy. As general price levels rise, fewer goods and services are purchased by each currency unit. As a result, inflation responds to a decline in the purchasing power of money.
Inflation is the rate of increase in price over a period of time. Inflation is usually a wide range of indicators, including general rises in prices and rising living costs in the country.
Inflation is a measure of the rate of increase in the prices of goods and services in the economy. Inflation can occur when prices rise due to rising production costs such as raw materials and wages. Increased demand for products and services can lead to inflation as consumers are willing to pay more for their products.
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In 2012, former Chief Financial Officer (CFO), Jennifer Cue, returned to Jones Soda as Chief Executive Officer, with a mandate to turn the company around. Part of the new strategy to save the company was to establish B2B partnerships with companies such as 7-Eleven and Fiat, in order to tap into the robust ___________.
Part of the new strategy to save the company was to establish B2B partnerships with companies such as 7-Eleven and Fiat, in order to tap into the robust reseller market.
What is the B2B partnership?A B2B partnership is a collaboration between two or more businesses with the aim of creating a win-win situation that will sustain growth and provide substantial value to all parties. This might take the form of opportunities for product development, marketing, or general corporate growth.What is the reseller market?The market is made up of wholesalers and merchants that purchase goods to resell.A reseller purchases goods with the intention of reselling them for a profit later. Since resellers buy products and services in bulk from suppliers, they frequently get deals. Then, through the process of resale, resellers establish a connection between producers and customers, delivering goods and services to customers.These include supermarkets, department stores, and specialist shops like those that provide pet supplies or home improvement products.Therefore, part of the new strategy to save the company was to establish B2B partnerships with companies such as 7-Eleven and Fiat, in order to tap into the robust reseller market.
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Anyone who knows how to properly label a supply and demand graph please help! Draw a supply and demand graph for the given scenario
The factor that would shift demand is the reduction in the price of laptops.
The equilibrium price and quantity would decrease.
What is the result of the policy?When the price of laptops are reduced, the quantity demand for laptops would increase while the demand for computers would fall. This is because computers and laptops are substitute goods.
As a result of a fall in the demand for computers, the demand curve would shift to the left. Equilibrium price and quantity would fall.
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Capacity planning requires demand forecasts for an extended period of time. Forecast accuracy tends to _______ as the forecasting horizon _______.
A boater taking his new powerboat out on a large lake ran out of gas because of a defective seal in the gas tank. The defect was not discoverable by an ordinary inspection. His frantic signaling alerted the captain of a sightseeing boat passing by. The captain pulled up alongside to assist and attempted to restart the boat. A spark ignited a pool of gas that had leaked from the gas tank and collected in the lower part of the boat, causing an explosion and fire. The captain was severely burned and died from his injuries. The captain's estate brought a wrongful death action based on strict liability against the powerboat dealer and the manufacturer. Evidence at trial established that the dealer had sold the manufacturer's boats for years without any problems reported by customers.
Can the captain's estate recover any damages from the dealer?
A. Yes, unless the jury finds that the boater was negligent in failing to investigate where the gas had gone.
B. Yes, because harm to someone in the captain's position was a foreseeable result of the gas leak.
C. No, because the dealer had no reason to anticipate that the manufacturer assembled the gas tank improperly.
D. No, because the captain did not have a sufficient relationship to the boater to make the dealer liable for the captain's death.
The correct statement for the given condition is given by option (B): "Yes, because harm to someone in the captain's position was a foreseeable result of the gas leak".
What is Strict Product Liability?The strict liability rule in product liability claims asserts that a seller, distributor, or maker of a defective product is accountable for another person's harm - regardless of what effort he or she did to ensure the product's flaw never occurred.
In the given case, the reason for the recovery for damages from the dealer is-
Because the captain was a foreseeable bystander and the dealer is a business supplier, the captain's estate can claim from the dealer under strict products liability.Only the amount that the dead could have obtained in a personal injury case if he had lived is admissible in a wrongful death action. Because the dealer is a commercial provider of the boat and is liable if it supplied a product that was so defective as to be unreasonably dangerous, the captain may have collected from the dealer in a products liability lawsuit based on strict liability.The flaw in the gas tank assembly was extremely dangerous since it allowed gas to leak out and collect in places where it could be ignited.The debilitating impact of the gas leak made it likely that someone passing by would come to the boater's aid, bringing them into the danger zone of the leak (i.e., danger invites rescue).Therefore, the explosion caused by the leak was both the direct and indirect cause of the captain's death. As a result, the captain's estate can sue the dealer for damages.
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Rather than having employees do only one part of the assembly process for one of your toys, you want to change the process so that they each assemble an entire product. What type of change would you initiate
the correct answer is task redesign
Work redesign (also known as job redesign) is the process of reorganizing these obligations and responsibilities to suit the changing reality of work.
There are three ways managers can change the work of their employees: enriching the work, expanding the work, and rotating the work. Job enrichment provides employees with the tasks they need to complete as part of their job and the responsibilities and privileges they need to complete those additional tasks.
For example, if an employer decides to hire an older employee (aged 55 or older) as a customer service representative because he believes that older employees are more patient and manage disputes better.
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If a manager is concerned about doing the work with the least cost and waste possible, then his or her primary managerial concern is
If a manager is concerned about doing the work with the least cost and waste possible, then his or her primary managerial concern is effectiveness.
Management FunctioningA manager is somebody who can lead, direct and control tasks and individuals in their association without forcing their position. In reality as we know it where a more casual working design is turning out to be progressively famous, a director needs to work with their group to accomplish bigger objectives. Elements of the board are an extraordinary beginning stage to find your balance before you jump straight into your job as a manager.Elements of the board assist you with remaining informed about what you want to do and in what way that you can direct your staff in like manner. The board specialists like Fayol and Gulick clarify the elements of the executives for furnish yourself with the right abilities to turn into a cultivated administrator.
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The local fire department wants to buy some new equipment at a cost of $300,000. If a human life is worth $10 million, the equipment is worth buying if it reduces the risk of someone dying in a fire over the life of the equipment by at least Group of answer choices 1 percentage point. 30 percentage points. 3 percentage points. 5 percentage points.
The local fire department wants to buy some new equipment at a cost of $300,000. If a human life is worth $10 million, the equipment is worth buying if it reduces the risk of someone dying in a fire over the life of the equipment by at least 3 percentage points.
What does the fire department do?
Putting out fires in their neighborhood. Preserving property and life in the event of localized flames. saving and safeguarding individuals in the event of a car accident, as well as in the event of other catastrophes.What are the four categories of fire departments?State and federal government fire departments, contract fire departments, private or industrial fire brigades, and transportation authority or airport fire departments make up 4% of the registered departments.What is local fire authority?A local fire authority is, in essence, a controlling body that makes sure that a local fire service operates effectively and in the best interests of the people and community it protects. It follows that the public is held accountable for the fire service's performance and activities.Learn more about local fire department here:
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Wanda Workout stopped at the local store to purchase a new pair of running shoes after her strenuous jog that morning. The salesman noticed Wanda looking at a pair of shoes and stated, "Those will look great with your outfit." The salesman's statement is an example of __________________. Group of answer choices a full warranty puffery an implied warranty an express warranty a limited warranty
As we can see, the seller made a statement for the shoes only by seeing the women is looking at them. This is the example of puffery.
What is a Puffery ?Puffery is a form of advertising in which a product or service is praised as being superior to all others like it, without any evidence to back up the claim.
Puffery can normally be found in advertising or promotional materials about a specific product or service, though it is often employed by politicians and other people attempting to gain favor.Learn more about Puffery here:
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From a value chain perspective, _____ are the actions a firm takes to directly provide a product or service to customers, whereas, ______ are actions required to sustain the firm that are not directly part of product or service creation.
From a value chain perspective, Primary activities are the actions a firm takes to directly provide a product or service to customers, whereas, Support activities are actions required to sustain the firm that is not directly part of product or service creation.
What does value chain mean?The value chain depicts the entire spectrum of tasks performed by businesses and employees to move a product from its inception to its ultimate use and beyond. This covers tasks including design, production, marketing, distribution, and customer service.
The value chain improves business efficiency so that customers can buy the highest value product for the least amount of money. The value chain management objective is to give the organization a competitive edge by raising the overall margin.
Inbound logistics, operation outbound logistics, marketing and sales, and service are the primary activities in the value chain. Infrastructure management, human resource management, and purchasing are examples of secondary or support tasks.
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________ refer to collaborative relationships between independent firms, though the partnering firms do not create an equity partnership; that is, they do not invest in one another.
Strategic alliances refer to collaborative relationships between independent firms, though the partnering firms do not create an equity partnership; that is, they do not invest in one another.
A strategic alliance is an arrangement among corporations to undertake a mutually useful challenge even as each retains its independence. The agreement is much less complex and much less binding than a joint project, in which businesses pool resources to create a separate enterprise entity.
A strategic alliance is a joint collaboration between or more entities on a way to acquire common objectives. This technique can result in greater fast attainment of targets, probable at a lower price.
There are organizational, economic, strategic, and political blessings in pursuing a strategic alliance. However, risks consist of the fact you'll have to proportion earnings and probably reveal change secrets and techniques. you could additionally create a potential competitor and have to give up different opportunities.
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When Chevy drew inspiration from Tesla to develop its electric vehicle, the Bolt, it was an example of using Blank______ for new product-ideas.
When Chevy drew inspiration from Tesla to develop its electric vehicle, the Bolt, it was an example of using competitive product ideas for new product-ideas.
Competitive items are those that your target market may prefer to yours over. How close a competing product's features and solutions are to your own can help you spot it. Competitive goods may consist of: things that are tangible, like clothing and toys.A product idea is a design or strategy for a brand-new good that a business can create and sell in a specific market. It describes the item's function, features, and certain important design components. A manufacturer will employ the final design to construct the product, therefore many product concepts will include mechanical or engineering components.A competitive strategy is a long-term marketing plan created by businesses to protect their position in the market and obtain a competitive edge.Thus this is the answer.
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Illegal subsidies offered by the eu to airplane manufacturer, airbus, resulted in making products like french wine and european cheeses more expensive to purchase in the united states. In retaliation, the united states planned to introduce new _______ on eu products.
Illegal subsidies offered by the EU to airplane manufacturer, Airbus, resulted in making products like french wine and European cheeses more expensive to purchase in the united states. In retaliation, the united states planned to introduce new Tariffs on EU products.
Tariffs are taxes imposed by means one u . s . on items or services imported from another u . s a., tariffs are alternate boundaries that improve fees and reduce available portions of products and offerings for U.S. organizations and customers.
A tariff is a tax imposed by using a government on goods and offerings imported from different countries that serve to grow the charge and make imports less proper, or at the least less aggressive, than domestic goods and offerings.
Price lists especially advantage the uploading international locations, as they're the ones putting the coverage and receiving the money. The primary gain is that price lists produce sales on items and services delivered to us a. Price lists also can function as an opening factor for negotiations between two nations.
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A 10-year term life policy will cost ____ a 5-year renewable term policy during the early years of the 10-year period, other factors being equal.
Answer:
10 year term policy will cost more then a 5 year renewable term policy
Expansionary fiscal policy includes: decreasing government spending. increasing taxes. increasing government spending. increasing the money supply.
Answer:
extensary fiscal policy tools including increasing government spending discreasing taxing or increasing government transfer doing any of these things will increase aggregate demand leading to higher output higher employment and higher price level