The famous observation that households and firms interacting in markets act as if they are guided by an “invisible hand” that leads them to desirable market outcomes comes from Adam Smith's 1776 book.
Who was Adam Smith?This man is the person that is regarded as the father of economics. He was the one that described the invisible hands. That is all of the factors that are known as the drivers of the demand and the supply in the nation.
The invisible hands according to him are the drivers that would enable the demand and the supply of goods in an economy to get to the stage of equilibrium.
Hence the solution is Adam Smith.
Read more on Adam Smith here: https://brainly.com/question/21764310
#SPJ1
a. Describe the processes for developing and monitoring a business plan for a small business. b. Describe how you might establish systems to ensure the legal rights and responsibilities of the business are identified and the business is adequately protected, specifically in relation to work health and safety (WHS), business registration and environmental requirements. c. Explain how to communicate a business plan for a small business that clearly addresses priorities, responsibilities, timelines and budgets. d. Describe how you might evaluate the customer base and target market for a small business as a basis for the marketing objectives and strategies
Analyzing a business plan's strengths and flaws and tracking its long-term success are key components of establishing and monitoring a business plan for a small business.
A business plan is what?A business plan is defined as a document that outlines a company's goals and objectives as well as the methods through which they can be achieved.
Researching the business's objectives and goals, market trends, and rivals' performance are all part of creating and maintaining a business plan for a small company. On the other side, a business strategy can be followed up on by creating tracking systems that will show how well the objectives have been met. This means that setting quantifiable targets is crucial for evaluating the success of a business plan.
It may be inferred that the procedure for creating and monitoring a business plan for a small business is to assess a plan's advantages and disadvantages and keep track of how it performs over time.
To know more about the business plan, refer to this link:
https://brainly.com/question/25311149
#SPJ9
a. Describe the processes for developing and monitoring a business plan for a small business.
Remy is applying for a job where the employer asks that a cover letter and résumé be submitted. Remy should:
a.
Attach letters of recommendation also
b.
Send the cover letter first, and the résumé later
c.
Submit only the cover letter and résumé
d.
Send the cover letter as an attachment
Remy should submit only the cover letter and resume. Thus, option C is correct.
What is a job?A person's position or the work they are doing is referred to as their job. Someone has been paid for the work those who have completed in accordance with the task that must be accomplished or the aim that must be accomplished.
Remy is submitting a CV and resume and letter in order to be considered for a job. So, that she will get the job that is required for the same. This suggests that the employer will need the data and information to employ.
Therefore, option C is the correct option.
Learn more about job, here:
https://brainly.com/question/14840026
#SPJ1
What are some of the legal restrictions on how organizations can recruit employees?
The legal restrictions on how organizations can recruit employees are no illegal to discriminate against a job candidate , there should be not favoritism when collection applicants.
What are the legal restrictions on recruitment of employees?The legal restrictions on recruitment of employees are those restriction that is been set up so that the employers can not be able to do as they like when recruiting the new employees.
One of this restriction is that there should not be any kind of discriminate against a job candidate which could base on the color as well as gender differences when making the recruit.
Read more about employer at:
https://brainly.com/question/26463698
#SPJ1
What effect could an unmotivated empleado team
Answer:
As well as the impact on an individual's productivity, a demotivated employee can also affect the overall team, creating a negative atmosphere.
Explanation:
Additionally, with increased absenteeism or lateness at work and a lack of focus on daily tasks, other employees can become stressed when trying to pick up the slack.
I hope it will be helpful for you.
1. Mel Merchant has a neighborhood grocery store that he would like to sell Bill buyer is interested in purchasing the store, but he is concerned because he knows that Mel has built up a lot of good will over the years, and he wonders whether Mel might just open up a new store down the block and take all the business from the old store with him. At the time of the sale Bill asks for and receives from Mel a clause in the agreement that Mel will not open another grocery store within a 150 mile radius of the old store for a period of ten years.
(a) What is this agreement called?
(b) Is the negotiated agreement a valid one?
(c) What guidelines would a court follow in assessing its enforceability?
a.) The name that the agreement/covenant that was made here is called is the non compete agreement.
b.) The clause that was negotiated is not a valid one.
c.) To enforce it, the court would have to check the period as well as the geographical area.
What business agreement do we have here?This is the agreement that was made that has the restraint of trade. That is there is a restraint that had the covenant not to compete. This is what is called the non compete agreement.
The non compete or the restrictive clause is one where a person would agree no to go into a business that would act as a competition to another party.
b. The negotiated clause that has been made here can not be said to be valid, To be enforceable it has to be within a geographical area within a reasonable period of time. The store is just a neighbor hood store that is a small scale store. Mel is not to carry out her operations within 150 miles.
This is unreasonable because it can cause her to either relocate or have to move away to a different business.
c. The period of time that is within the compass and the area would have to be checked by the court. This is what would be helpful to check the interest of the promisee .
Read more on business agreements and covenants here:
https://brainly.com/question/15290254
#SPJ1
James Sebenius identifies mistakes that negotiators make that keep
them from solving the right problem. Identify which mistake is being described.
Relationships, process, and interests are neglected - the primary negotiation factor is economic.
Group of answer choices
Failing to Correct for Skewed Vision.
Searching Too Hard for Common Ground.
Neglecting BATNAs.
Letting Price Bulldoze Other Interests.
Common ground in talks, which helps with the main negotiation component of economics, enables parties with disparate interests to give each other what they value most at the lowest possible cost.
what are the Six Habits of Merely Effective Negotiators?Neglecting the other side's problem:You can't address either of your problems or the problem of the other party if you don't comprehend the agreement from their point of view.
Letting price bulldoze other interests:Most business transactions have interests than money.
Letting positions drive out interests:Incompatible stances can conceal similar interests. Your "opponent's" loss need not necessarily be their benefit.
Searching too hard for common ground:While common ground is helpful in negotiations, divergent interests can provide each party what they value most while causing the least amount of harm to the other.
Neglecting BATNAs:BATNAs, or "best alternative to a negotiated agreement," describe your course of action in the event that the intended agreement cannot be reached.
Failing to correct for skewed vision:Summary: Role bias and partisan views are two types of bias that can cause mistakes.
To know more about James Sebenius here-
https://brainly.com/question/4601740
#SPJ9
What is the generally accepted practice on how a notary signing agent describes key documents according to the notary signing agent code of conduct?
The Notary Signing Agent may reply to a signer's specific question with the aid of directing the person to examine the provisions within the vital or different ultimate documents diagnosed by using the NSA that can answer the question or by using referring the individual to the lender's consultant.
A representative is a professional who presents advice and other useful activities in an area of specialization. Consulting services normally fall below the area of expert offerings, as contingent paintings. In a nutshell, experts offer professional evaluations, analysis, and guidelines to businesses or individuals, based totally on their own expertise. They are essentially fixers, serving as goal troubleshooters, and presenting strategies to save you troubles and improve performance. A consultant (from Latin: consultare "to planned") is a professional (additionally known as expert, expert, see versions of that means beneath) who gives advice and other practical activities in an area of specialization. Consulting services normally fall under the area of expert offerings, as contingent work.
Learn more about notary here:https://brainly.com/question/14477099
#SPJ1
Review the data and calculate the probability that someone with a credit score of 650 or below defaulted the loan
Your credit score of 650 is extremely near to the range for good credit, which is 670 to 739. With little effort, you could be able to improve your score to that level or even higher, giving you access to a wider selection of credit and loans with lower interest rates.
Checking your FICO® Score is the first step in the best strategy for raising your credit score. The report that is sent along with the score will include recommendations for methods to raise your score based on information from your particular credit report. You may notice consistent score increases and the increased access to credit that frequently goes along with them if you pay attention to the concerns indicated in the report and develop positive credit-scoring behaviors.
To know more about credit score refer to https://brainly.com/question/23024185
#SPJ9
I’m not sure what I’m doing wrong with this please need help
when the amount of revenue
received exceeds the amount of
governmental expenses
when the amount of revenue
received is less than the amount
of government expenses
s the sum of all government
deficits minus the sum of all
government surpluses
the spending and revenues of the
US government
Based on the definitions of budget deficits, surpluses and debts, the following matches and key terms are correct:
Budget deficit - when the amount of revenue received is less than the amount of government expensesBudget surplus - when the amount of revenue received exceeds the amount of governmental expensesNational debt - the sum of all government deficits minus the sum of all government surplusesFederal budget - the spending and revenues of the US governmentHow does national debt form?A national debt forms when there is a budget deficit which means that the sources of revenue to the government were less than the expenses. Budget surplus is often sought after which is when revenue exceeds expenses.
The national debt would then be the sum of these surpluses less the sum of the deficits. This federal budget therefore tries to use as little debt as possible.
Find out more on the federal budget at https://brainly.com/question/10959037
#SPJ1
Form ________ ? is a short tax return form designed for single and joint filers with no dependents or itemized deductions.
Answer:
IRS
Explanation:
internal revenue service
The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP. Indicate in
each calculation whether you are inflating or deflating the nominal GDP data.
Instructions: Enter your responses in the gray-shaded cells. Round your answers to 2 decimal places.
Year
1978
1988
1998
2008
2018
Nominal GDP,
Billions
2,293.80
5,100.40
8,793.50
14,441.40
20,501.00
Price Index
(2005 = 100)
40.40
66.98
85.51
108.48
128.59
Real GDP, Billions Effect on Nominal GDP
The calculated values for the nominal GDP are as follows:
$ 5677 . 72 it is inflating$ 7614.81 it is inflating$ 10283 . 59 it is inflating$ 13312.50 it is deflating$ 15942.92 it is deflatingHow to solve for the nominal GDPFor the year 1978
2,293.80 * 100 / 40.40
= 229,380 / 40.40
= $ 5677 . 72
The nominal GDP is inflating here
For the year 1988
we have 5,100.40 x 100 / 66.98
= 510040 / 66.98
= $ 7614.81
Nominal GDP is inflating here
For the year 1998
we have 8,793.50 * 100 / 85.51
= 879350 / 85.51
= $ 10283 . 59
The Nominal GDP is inflating here
For the year 2008
we have 14,441.40 * 100 / 108.48
= 1444140 / 108.48
= 13312.50
The nominal GDP is deflating here
For the year 2018
20,501.00 * 100 / 128.59
= 2050100 / 128.59
= $15942.92
The nominal GDP is deflating here.
Note, the Nominal GDP is said to inflate if the calculated value is more that the Nominal GDP in millions. It is said to deflate if the reverse is the situation.
Read more on Nominal GDP here:
https://brainly.com/question/8151973
#SPJ1