Specialization in production will increase output.
As any specialization in production will be achieved by specialized labor or technology, both the factor will produce per unit time and gives a comparative advantage.
Specialization is a production method that focuses on the production of a limited range of goods for a company to achieve a higher level of efficiency.
The more they focus on their work, the more efficient they are in that work. This means less time and money is spent producing goods. In other words, you can produce more goods in the same amount of time and money.
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Explain five reasons the government offers training to business people
a. In order to exceed industrial standards.
b. To reduce dropout/attrition rates.
c. To improve operational efficiency.
d. In order to support succession planning.
e. To increase the value of employee
Explanation:a. In order to exceed industrial standards - Industrial training of employees is the best practice which develops and builds one's reputation by giving a competition field to your competitors thus making them run for their money.
b. To decrease or reduce attrition rates - Investing in the development of your employees can reduce attrition rates. A training which is well-planned can provide career paths for employees who achieve retention within the organization rather than seeing them seek high-level opportunities somewhere else other than the company they are in.
c. To improve operational efficiency - When you train your employees, you can increase their efficiency and productivity in completing their daily work tasks. Training can also help your organization achieve greater consistency in process commitment, facilitating the implementation of project outcomes and the achievement of organizational goals and objectives.
d. In order to support succession planning - When you provide ongoing employee training and development, you support succession planning by increasing the availability of experienced employees and the ability to take on senior positions as they become available.
e. To increase the value of employee - When there is effective training, it helps to multi-skill or skill your employees. Up-skill involves expanding the employee's knowledge of an existing skill, providing more expertise in the subject area. Versatility is the process of training employees in new or related areas of work to increase their employ-ability within the organization.
Every month, ciara sorts her monthly cash into envelopes for each specific expense. she puts $500 in a grocery envelope, $250 for a gas envelope, and $100 for an entertainment envelope. she says this helps her control her spending. which type of budget is ciara using? question 20 options: a software-based budget a mental budget a physical budget a written budget
The type of budget ciara is using: a physical budget.
What is budget?Budget can be defined as the process of planning ahead of a project or future project so as to effectively plan how to spend.
Ciara is making use of physical budget by enveloping each money as this will enables her to control her spending.
Therefore the correct option is C.
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A couple has been recently married, both for the second time. They are both age 40, and each has 2 kids from their prior marriage. They want to open a brokerage account that will ensure that the kids get assets from their natural parent. In order to accomplish this, the account should be opened as a:
The account should be opened as Joint Account With Tenants In Common.
Joint Account With Tenants In Common
in these Joint accounts with tenants in common A Totten Trust is a payable on death bank account. Such an account allows the owner to leave funds to a named beneficiary (or beneficiaries), avoiding probate. The only problem is that it can't be used for brokerage accounts - it is only for bank accounts. To accomplish what the couple wants requires that a joint account be set up as tenants in common, with the percentage ownership split between the husband and wife. Then the husband must have his own will, leaving his share to his natural children; and the wife must have her own will, leaving her share to her natural children.
If an account is opened as a Joint Account with Tenants in Common, there is a specified ownership percentage for each tenant. Upon death of 1 tenant, that person's percentage goes to his or her estate, is passed by will and must go through probate (where someone could contest the transfer).
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The acronym DRIP stands for Question 30 options: Dividends, Returns, Interest, and Profits. Dividend Reinvestment Plan. Dividend Risk and Income Potential. Dividend Rates and Income Potential.
The correct option is Dividend Reinvestment Plan.
DRIPs, or dividend reinvestment plans, are used by hundreds of publicly traded corporations. At each quarterly dividend payment, they drip-feed the company's dividend into fresh shares of their own stock, much like the acronym. These programs are run by businesses at no ongoing expense to you.
The term "dividend reinvestment plan," abbreviated as DRIP, also serves to define how the plan operates. With DRIPs, an investor's investment in a firm grows incrementally by using the cash dividends they get from the company to buy more stock.
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If the level of incomes rises for high-income workers but doesn't change for low-income workers, then poverty will not change and inequality will fall. then poverty will not change and inequality will rise. then poverty will rise and inequality will fall. then poverty will fall and inequality will rise.
If the level of incomes rises for high-income workers but doesn't change for low-income workers, "then poverty will not change and inequality will rise."
What is poverty?Lack of resources to meet necessities like food, clothing, and shelter constitutes poverty. But poverty goes far beyond simply not having enough money.
According to the World Bank, poverty is as follows:
Hunger is poverty.Absence of shelter is poverty. Being sick and unable to visit a doctor is poverty. Being illiterate and lacking access to education are both aspects of poverty. Living day by day and not having a job are all signs of poverty.Some faces of poverty is also-
Poverty has been characterized in a variety of ways and takes on several forms that vary from place to place and over time. Most of the time, people desire to get out of poverty. Therefore, poverty is a call to action for both the wealthy and the poor, a call to alter the world so that more people may have access to food, shelter, education, and healthcare, as well as protection from violence and a voice in local affairs.Therefore, rarely is there a single source of poverty. Some people don't have enough money due to a number of circumstances, including growing living costs, low salary, unemployment, and insufficient social security benefits.
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Investors face various choices regarding what they can invest in, and the choices carry varying amounts of risk. For example, stock prices are much more volatile than bond prices. What is the typical reason why investors would choose to put their money into an investment with higher risk rather than one with lower risk
Investors have a variety of options for their investments, each with a different level of risk. For instance, stock values fluctuate a lot more than bond prices. Because investments with more risk often provide better returns.
A savings account is the investment category that normally has the least risk. The least dangerous investment categories include certificates of deposit (CDs), bonds, and money market accounts.
These three groups are:
Aggressive. Investors who take big risks are experienced in the market and are considered to be aggressive. When compared to investors who take on aggressive risks, Moderate risk takers exhibit a lower level of risk tolerance.Conservative. The least risky investors in the market are the cautious ones.Learn more about investment with more risk brainly.com/question/18167229
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Open market operations, by definition, involve the Group of answer choices Federal Reserve dictating the discount rate to influence the money supply. purchase or sale of bonds by a central bank. loaning of deposits between private banks. purchase of securities from the U.S. Treasury. sale of Federal Reserve notes.
Open market operations, by definition, involve (2) the purchase or sale of bonds by a central bank.
What are open market operations?An open market operation is a macroeconomic activity conducted by a central bank to provide liquidity in its currency to a bank or group of banks.The Federal Reserve's open market operations (OMOs)—the purchase and selling of assets in the open market by a central bank— are a major tool in the implementation of monetary policy. The Federal Open Market Committee establishes the short-term goal for open market operations (FOMC).The benefits of open market operations are well understood. The instrument allows the central bank to be quite flexible in terms of the timing and magnitude of monetary policy operations. It avoids the economic and market inefficiencies associated with direct controls.As the definition itself says that open market operations are the purchase and selling of assets in open markets by the central bank.
Therefore, the correct option is (2) the purchase or sale of bonds by a central bank.
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Correct question:
Open market operations, by definition, involve the Group of:
Federal Reserve dictating the discount rate to influence the money supplypurchase or sale of bonds by a central bankloaning of deposits between private bankspurchase of securities from the U.S. Treasurysale of Federal Reserve notes.Alex is consuming candy bars that cost $1 each. When he purchases the 5th candy bar his total utility increases from 6 utils to 8 utils. What is the marginal utility of the 5th candy bar
2 is the marginal utility of the 5th candy bar.
When he purchases the 5thcandy bar his total utility increases from 6 utils to 8 utils. 2 utils The marginal utility is calculated as the change in total utility (8 utils - 6 utils) divided by the change in quantity (5 candy bars - 4 candy bars).
Marginal Utility = Change In Total Utility / Change In Units
The change in total utility can be calculated as the current total utility subtracted by a previous total utility. The change in units can be calculated as the current unit amount subtracted by a previous unit amount.
To find total utility economists use the following basic total utility formula: TU = U1 + MU2 + MU3. The total utility is equal to the sum of utils gained from each unit of consumption. In the equation, each unit of consumption is expected to have slightly less utility as more units are consumed.
0 utils. Refer to the accompanying table to answer the questions that follow. The marginal utility of the eighth unit is -30 utils.
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Answer: 2 utils
Explanation:
Louise works for a tax firm that caters to individuals and small businesses. Each year when tax season rolls around, the firm is inundated with files and documentation going to and coming from clients, all of which must be managed efficiently in order to hit federal and state tax deadlines. The firm's owners have decided this is a problem that can be improved with modern technology, and Louise is tasked with finding and implementing the best solution.
Which type of network will best assist the firm in receiving and managing documents from clients? a. Intranet.
b. Webnet.
c. Internet.
d. Extranet.
Louise is understandably concerned about the security of the firm's network resources if she gives clients access to the portion needed for file and document processing. Where in the firm's network should Louise place the file server that clients sign into for document management? O a. WAN.
b. ED.
c. DMZ.
d. LAN While this will take some work to set up, Louise and the firm's owners believe it's worth the effort because the new service will reduce_____costs.
The correct answers for the following questions are:
ExtranetEDOperating cost.Which type of network will best assist the firm?An extranet is the type of network that will best assist the firm in receiving and managing documents from clients.
Therefore, Option D is correct.
Where should Louise place the file server?The file server should be placed in an Encryption Device to allow safety while clients are signing into for document management.
Therefore, Option B is correct.
What is an Operating cost?This means the ongoing expenses that are incurred from the normal day-to-day of running a business.
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First-line managers spend most of their time working with and motivating their employees, answering questions, and solving daily problems. True or false?.
False , First-line managers spend most of their time working with and motivating their employees, answering questions, and solving daily problems.
They are the supervisors of individual contributors and may be first-degree or first-time managers, frequently newly promoted into their first management function. Or, they are functional leaders who have no formal direct reviews but are answerable for the work of others thru influence.
First-degree managers also are referred to as first-line managers or supervisors. those managers have activity titles which include: workplace manager, Shift manager, branch manager, Foreperson, group chief, and store supervisor.
There are 3 primary sorts of managers: standard managers, purposeful managers, and frontline managers. Popular managers are responsible for the general performance of an organization or certainly one of its foremost self-contained subunits or divisions.
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Real Wood Structures Company has invested $1,040,000 in a plant to build small tool sheds. The target operating income desired from the plant is $156,000 annually. The company plans annual sales of 1200 sheds at a selling price of $1100 each. What is the target rate of return on investment for Real Wood Structures Company
Target rate of return = $156,000 / $1,040,000 = 0.15=15%
Target rate of return is calculated by dividing the target operating income by the company's invested amount in plants.
What is target return and exchange policy?According to Target's regular return policy, you have 90 days from the date of purchase to return an item for a full refund or exchange. Most of the time, you'll receive your refund in the same payment method that you first used to make the transaction. In rare circumstances, you might have to accept an exchange if the product has been used or is damaged.
What rate of return can you reasonably expect?The key to this whole equation is being conservative with your return estimate, and instead concentrating on what you can actually control, the savings rate. So, in a nutshell, my opinion is that you would be fortunate to average around 7-8% rate of return over a long-term basis. There will be periods in which you get a 20% rate of return.
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Kathy is buying her first home. She is financing a total of $185,000 at an APR of 5% for 25 years. How much are her monthly payments
Based on Kathy's total cost of financing the home, the APR, and the period, her monthly payments would be $1,081.49.
How much would Kathy pay per month?Find the monthly period:
= 25 x 12
= 300 months
The monthly rate:
= 5%/12
= 5/12%
The monthly amount is:
= 185,000 / (( 1 - (1 + 5/12%)⁻³⁰⁰) / 5/12%)
= $1,081.49
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The term ______________________ refers to a market exchange that affects a third party who is outside or external to the exchange. social costs spillover market failure private costs
The term spillover refers to a market exchange that affects a third party who is outside or external to the exchange. This is further explained below.
What is spillover?Generally, A spillover effect occurs when an occurrence in one nation has an influence on the economy of another nation, often one that is more reliant on the economy of the first nation.
In conclusion, A market exchange that has an effect on a third party that is not part of the transaction is referred to as having a spillover.
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Vanessa owns a horse ranch. Her total costs are $550,000 per year, and her fixed costs are $250,000 per year. This means that her variable costs are ________.
The variable cost of the horse ranch is $345,000.
What is meant by total cost?The total cost includes the fixed cost as well as the variable cost.
The total cost remains fixed irrespective of the change in the total output. As a result, total cost covers the cost of all inputs necessary to produce a specific level of output.
The variable costs that vary according on how much of a good or service a company produces are known as variable costs.
The cost of the horse ranch is $550,000 per year.
The fixed costs are $250,000 per year.
Thus the variable cost = total cost - fixed cost
= $550,000 - $250,000
= $345,000
Therefore, the variable cost of the horse ranch is $345,000 per year.
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A sales tax imposed on sellers shifts the supply curve leftward for the taxed good because the.
Option 1. Tax is paid by the seller to the government and is, therefore, like a cost of production.
Since sellers have to pay tax to the government, it decreases the effective price received by the seller (= post-tax equilibrium price - Unit tax), so sellers produce less, decreasing market supply.
Overall Point: A tax on sellers shifts the supply curve upward by the amount of the tax. The following is an example of a particular good with a $0.08 tax imposed on it. The figure below illustrates the amount of tax paid by the buyers and the sellers as well as the dead weight losses that result.
A tax on a good raises the price buyers to pay, lowers the price sellers receive, and reduces the quantity sold. 7. The burden of a tax is divided between buyers and sellers depending on the elasticity of demand and supply.
Please check the attached file for the full question.
Your question is incomplete. please read below to find the full content.
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What is the difference between asset allocation and diversification?
A) Diversification is much more important than asset allocation in an investment strategy.
B) Asset allocation and diversification are the same.
C) Asset allocation is about risk and diversification is about reward.
D) Asset allocation is the types of investments you choose, diversification is how you spread your investments within each investment type.
Asset allocation is the types of investments you choose, diversification is how you spread your investments within each investment type.
What is the difference between asset allocation and diversification?Asset allocation are the choices of assets that is made in an investment strategy. Diversification is the process of picking assets that are uncorrelated with each other in order to reduce unsystematic risks.
For example, a person might choose to invest only in equity and buys only equity stocks. This is asset allocation. The person can decide to buy stocks in different industries in order to reduce unsystematic risk. This is diversification.
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The number of minorities in the workforce is?
Answer:
increasing
Explanation:
i got it from quizlet so if its not right im sorry i tried my best !!
A top executive from Toyota sits on the boards of the Tomo Tire Co., which manufactures tires for Toyota automobiles. Toyota and Tomo Tire Company trade with each other whenever possible and work together in product development, finance, and marketing. This is an example of _______. a. keiretsu b. trust c. commitment d. amae
The example that is made here about these two companies is what is referred to as option A: keiretsu.
What is keiretsu?
This is a Japanese term that has to do with a network of business that has different manufacturers in it.
They are known to come together ion order to have business alliances and also relationship. This may be seen as informal in some parts of the world.
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A firm using a(n) _______ essentially adopts a mass-market philosophy, viewing the market as one big market with no individual segments. a. individual targeting strategy b. undifferentiated targeting strategy c. niche targeting strategy d. concentrated targeting strategy
A company that uses an undifferentiated segmentation strategy adopts a mass market philosophy.
What is undifferentiated marketing?It is a strategy that consists of not performing market segmentation to sell your products and services, that is, it does not differentiate the different market niches, with every individual being a potential customer.
Therefore, in undifferentiated marketing, the company sees the market as a large market without individual segments.
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When an employee shadows another employee to observe the performance of the duties of his job and then the roles are reversed this is known as:
When an employee shadows another employee to observe the performance of the duties of his job and then the roles are reversed this is known as: on-the-job training.
An essential area of human resource management is on-the-job training. It supports both the successful growth of the organization and the individual's professional development. One type of training offered at the workplace is on-the-job training.On-the-Job Training (OJT) is defined as training in the public or private sector that is provided to a paid employee while they are engaged in productive work and that offers the knowledge and skills necessary to function fully and adequately on the job. OJT.Although it isn't usually the norm, on-the-job training can boost productivity and efficiency in several industries. Additionally, it can be advantageous for the business as a whole, from lowering training expenses to developing more productive, motivated workers.Thus this is the answer.
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Customer costs include anything the buyer must give up in order to obtain the benefits the product provides. The most obvious customer cost is
The most obvious customer cost is monetary price.
What is customer cost?
Customer cost can be defined as the alternative forgone which a person must forgone so as to acquire the satisfaction the person will derived from a product.
Hence, The most obvious customer cost is monetary price which is defined as the money a person is expected to pay in cash for a service rendered to the person.
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The kinds of factors that might be reviewed when considering the ‘economic’ aspect of the pestel include:.
Answer:
government I think
Explanation:
I don't know
Answer:
economic factors in pistel framework
disposable income of buyers
credit facility
inflation
interests rates
unemployment rates
exchange rates
Rebekah Grace has worked for Specoly Inc., for 20 years without taking a vacation. An internal control feature that would address this situation would be
Rebekah Grace has worked for Specoly Inc., for 20 years without taking a vacation. An internal control feature that would address this situation would be "Other human resource controls".
What is internal control?Internal control is a procedure carried out by a company's board of directors, management, and other staff members and intended to give a reasonable level of assurance that the information is trustworthy, accurate, and timely of conformity with pertinent laws, rules, agreements, policies, and procedures.
An internal control framework is made up of five interconnected elements:
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Robert is selling televisions at an electronics store. The televisions normally cost $545 each but are being sold at an 8% discount. What is the minimum number of televisions Robert must sell if he wants to meet his quota of $100,000 in total sales?
200 is the minimum number of televisions Robert must sell if he wants to meet his quota of $100,000 in total sales.
Given, that The price of each computer is $545, there is an 8% discount.
8% of 545, then = [tex]\frac{8}{100} *545[/tex]
= $43.60
The discounted price is = $545 ₋ $43.60
discounted price = $501.40
Let n represent the quantity of sold televisions. To reach the required amount of 100,000, the total sales of n televisions at a price of $501.40 apiece must equal 501.40n. Divide by 501.40 to obtain n.
n ≥[tex]\frac{100000}{501.40}[/tex]
Estimate 501.40 as 500 to get =[tex]\frac{100000}{500}[/tex] = 200
Calculate whether the quota is met by multiplying 200 by $501.40 to arrive at $100,280. Since this exceeds $100,000, the sale of 200 televisions satisfies the quota.
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Joshua just got a copy of the preliminary report from his title company and is surprised to see that there's a mechanic's lien against his property. What does he have to do to clear this lien
Joshua needs to pay the bill that resulted in the mechanic's lien.
In order to file a mechanic's lien, the lienholder must provide notice to the property holder of the lien. Joshua needs to pay the bill that resulted in the lien OR prove that the bill was indeed paid.
A mechanic's lien is a prison declaration towards domestic or other assets. Mechanic's liens are typically used by subcontractors and suppliers when they have not acquired charge for upgrades they made to belonging. they are a manner to are seeking for price for the work achieved remodeling or improving a home.
A mechanic's lien is a security interest inside the identity to assets for the gain of those who've furnished exertions or materials that enhance the property. The lien exists for each actual property and personal property.
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Which promotional approach emphasizes the importance of securing the wholehearted cooperation of channel members to promote the product in the channel and to the final user?
The answer is Pushing.
There are two promotional approaches:
Pushing approachPulling approachPushing (a product through a channel) refers to employing standard promotion techniques to help sell the entire marketing mix to potential channel members when a channel of distribution incorporates intermediaries. highlights the significance of ensuring the channel members' unwavering support to promote the product in the channel and to the end user.
Whereas, in the pulling approach, getting consumers to request the goods through middlemen will move it through the channel. The producer can use the extremely aggressive promotion to final customers to coerce the intermediate to accept their goods if the intermediary doesn't desire the producer's offering.
Hence, the promotional approach that emphasizes the importance of securing the wholehearted cooperation of channel members to promote the product in the channel and to the final user is Pushing approach.
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If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is?
The equipment is normal good.
A normal good, often known as a required good, refers to the degree of demand for the product in relation to wage growth or contraction rather than the quality of the good itself.
The link between income and demand for a typical good is elastic. To put it another way, changes in income and demand are connected positively or move in the same direction. The amount by which the quantity desired for a good changes in response to a change in the income is measured as income elasticity of demand.
Therefore, the answer is normal goods.
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Suppose Americans buy inputs from foreigners. When the price of foreign inputs falls, the U.S. SRAS curve __________, which tends to __________the U.S. price level. a. remains constant; increase b. shifts rightward; reduce c. shifts leftward; increase d. shifts leftward; reduce
When the price of foreign inputs falls, the U.S. SRAS curve option (b)i.e, shifts rightward; which tends to reduce the U.S. price level.
What is the SRAS curve?
We can understand how each firm in an economy reacts to price stickiness using the short-run aggregate supply curve (SRAS). The SRAS curve will have an upward slope when prices are stable. According to the SRAS curve, more output results from higher price levels.
The cost of labor, or wages, and the price of imported commodities that we use as inputs for other products are two other significant variables that may cause the SRAS curve to change in addition to energy prices.
A higher level of productivity causes the SRAS curve to move to the right because businesses can produce more output at all price points.
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When more and more units of a variable factor are combined with constant amount of a fixed factor, such that the variable factor becomes abundant compared to the fixed factor, the output will eventually:
It will increase in a diminishing rate.
Raising variable components that correspond to fixed factors boosts output level in the early phase of production because the marginal product is greater. The output will grow at a consistent pace as variable factors continue to rise relative to fixed factors.
If it continues to rise, output will begin to shrink as the marginal product of each additional variable component declines. As the number of inputs used increases, so does output, which subsequently begins to rise slowly and at a decreasing pace.
Therefore, the answer is increase at a diminishing rate.
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If Denise wants to know how much the jobs in her gym are worth in comparison to each other, she should do:
If Denise wants to know how much the jobs in her gym are worth in comparison to each other, she should do job evaluation.
What is job evaluation?
Job evaluation involves an organization or individual comparing her job to other competitors.
This is to measure the performance of the company including the growth and to determine the most suitable pay rate.
Therefore,
If Denise wants to know how much the jobs in her gym are worth in comparison to each other, she should do job evaluation.
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