Strategies which can be used to prepare for filing taxes each year are by keeping a proper record of expenses and receipts by filling them out, sorting out each piece of documentation that will be required at the time of filing tax, and one can create folders and sub-folders also.
The benefits of these strategies are:
It will help in avoiding added penalties or interests.
It will keep track of future refunds.
A portion or the entire refund can be used to pay back any owed taxes, among other things.
What is tax filing?"Tax filing" or "tax return" means filing a document with a tax authority. In that document, reports about income, expenses, and information about other financial activities are filled in.
Filing a tax return is entirely dependent on income. There are certain guidelines within which one can file a tax.
Therefore, with the usage of strategies, one can prepare tax file each year.
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An Investment Adviser Representative (IAR) is also a registered broker-dealer. The IAR has a brokerage client who has a $1,200,000 account; and a net worth of $2,500,000. The client wants the IAR to take over the management of the account, with the IAR to be compensated on a performance basis. The IAR should tell this client that the account:
Performance fees are only permitted for wealthy clients who have at least $1,000,000 invested or have a minimum $2,100,000 net worth, therefore this client qualifies under the Investment Advisers Act of 1940.
Who is an Investment Adviser Representative?A representative of an investment adviser is typically someone who, in exchange for payment,
makes recommendations or otherwise renders advice regarding securities. manages client accounts or portfolios.chooses which recommendations or advice regarding securities should be given.Investment Advisory Act of 1940Investment consultants are governed by this statute. With few exceptions, this Act mandates that businesses or single proprietors who get payment for advising people on securities investments register with the SEC and abide by rules meant to safeguard investors.
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Assume the price of capital doubles and, as a result, firms make no change in the relative quantities of capital and labor they employ. This implies that
Assume the price of capital doubles and, as a result, firms make no change in the relative quantities of capital and labor they employ. This implies that: A) labor is not readily substitutable for capital.
Energy and labor, as well as capital and labor, are complementary, whereas capital and energy are not. These findings support the US time series research by Hudson and Jorgenson (1974) and Berndt and Wood (1975), however they are in conflict with the global cross-section analysis by Griftin and Gregory (1976).As the capital stock grows, the marginal product of labor also rises.Replacing employees with machines in an effort to boost productivity and lower production unit costs. This can result in persistent unemployment.What is the relationship between capital and labor?Labor needs supplies to work with, as well as shelter, tools, machinery, and other productive tools, in order to produce successfully.
These all require capital, which is a collection of prior earnings.
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Making the choice to invest today or to postpone that investment to a future date is a choice between mutually exclusive projects. When making this choice, what is the correct criterion to use
The correct criterion to use is choosing the investment date that produces the loftiest Net present value NPV moment.
What is the Net present value?Net present value( NPV) is a system used to determine the current value of all unborn cash overflows generated by a design, including the original capital investment. it is extensively used in capital budgeting to establish which systems are likely to turn the topmost profit.
Net present value( NPV) is used in capital budgeting to determine whether a design will be profitable, or to estimate different systems and determines which bone will be the most profitable.
it takes into consideration the time value of plutocrat, by blinking unborn cash overflows at an applicable reduction rate that is grounded on the company’s cost of capital and the design’s threat.
The vengeance period estimates how long it'll take for a design to induce sufficient cash overflows to pay back its original incipience costs, but it does not consider the time value of plutocrat and overall design profitability like NPV does.
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Question 1 The term accessibility refers to the design of products, devices, services, or environments for _______.
The term accessibility refers to the design of products, devices, services, or environments for people who experience disabilities. This is further explained below.
What is accessibility ?Generally, Products, tools, services, and settings that are accessible are those that are created with individuals with disabilities in mind.
In conclusion, Products, gadgets, services, and places that are accessible are those that are designed with individuals with disabilities in mind.
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Question 6 You have just applied for a 30-year $100,000 mortgage at a rate of 10%. What must the annual payment be
$300,000 is the correct answer.
using simple interest,
P.R.T/100
=> 100000 . 30 . 10 /100
=> $300,000
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The annual payment would be $10,607.92
Given that rate is 10%, nper is 30 year, pv is -100000 and fv is 0
Annual payment is to be find using the excel.
With respect to any Material Contract, Annual Payments means (x) the total amount of payments expected to be paid or received under such Material Contract (y) divided by the total number of years of the duration of such Material Contract.
These payments are made every year. For instance annuity payment.
Now using the excel the annual payment is computed:
Hence, the annual payment is $10,607.92
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The effect of financial leverage Blank______ for all earning levels. Multiple choice question. is variable is disadvantageous is advantageous
The impact of financial leverage varies across all income levels.
The use of debt to acquire extra assets or fund initiatives is known as financial leverage. Individuals or corporations borrow money to incur debt. Borrowers guarantee lenders that they will repay the principle and interest on their loans. Financial leverage is also known as leverage or equity trading.
Fundamental analysis use the degree of financial leverage (DFL) to measure the sensitivity of a company's earnings per share (EPS) to changes in profits before interest and taxes (EBIT). Whenever a corporation has a high DFL, it typically has large interest payments, which reduces EPS.
Therefore, the correct option is variable.
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According to Frans Johansson, all new ideas are: Select one: a. Typically representative of a combination of ideas that are integrated to create value. b. A combination of creativity and experience of only one person. c. Unique. d. Always the result of one person's genius.
Typically representative of a combination of ideas that are integrated to create value is the correct option.
Frans Johansson believes that innovation may be accomplished by combining ideas from many fields and sectors. He emphasized the value of varied teams and how different viewpoints will aid in the creation of enhanced ideas.
The Medici effect refers to the belief that enhanced creativity and invention arise as a result of variety. Step-changes can occur when ideas and skilled individuals from many professions are brought together to cooperate. Frans Johansson's novel of the same name inspired the concept.
Therefore, the correct option is a.
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True or false: The value chain concept is applicable primarily to high-tech firms in rapidly changing environments.
False. The value chain concept can be applied to basically any firm.
What is value chain concept?
A value chain is a concept that describes every step of a company's operations in the development of a good or service, from the acquisition of raw materials through the final delivery to the customer.
The value chain framework consists of four secondary activities, procurement and purchasing, human resource management, technological development, and business infrastructure, in addition to five primary activities: inbound operations, outbound logistics, marketing and sales, and service.
When a company determines its major, secondary, and related operations and sub-activities and assesses the effectiveness of each point, this is known as a value chain analysis.
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________ reflects the link between consumers’ demand for a company’s product and the company’s purchase of necessary inputs to manufacture or assemble that particular product.
Derived Demand reflects the link between consumers’ demand for a company’s product and the company’s purchase of necessary inputs to manufacture or assemble that particular product.
The call for every one of the elements of manufacturing is often referred to as a "derived" demand to emphasize the truth that the relationship between the element's price and the quantity of the element demanded by groups the use of it in manufacturing is directly dependent on the patron name for the very last product(s) the issue.
As a result, the call for exertions is derived name from the call for goods and offerings. For example, if the demand for a first-rate alongside wheat increases, then this results in a growth in the call for hard work, in addition to calls for different factors of production together with fertilizer.
Direct and derived demand. Direct call for is the call for for a completely last precise. food, garb, and cell phones are an instance of this. Also called a self-sustaining call, it's miles impartial of the call for one-of-a-kind merchandise. Derived call for is the call for a product that comes from the usage of others.
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quizet Flood protection insurance is generally administered and subsidized by the federal government through the Department of Housing and Urban Development. Question 7 options: True False
The statement is true.
The NFIP provides flood coverage to property owners, renters, and companies, and having this insurance enables them to recover quicker while floodwaters recede. The NFIP works with communities required to adopt and put into effect floodplain control guidelines that help mitigate flooding results.
The preceding segment (styles of capabilities) identified four number one styles of skills to acquire long-time period chance discount thru mitigation making plans: making plans and regulatory, administrative and technical, financial and schooling, and outreach.
According to the NFIP, the subsequent styles of damage aren't blanketed via flood coverage: damage due to moisture, mold, or mold that could have been avoided with the aid of the property owner or which isn't on account of the flood. damage as a result of earth movement, even supposing the earth movement is as a result of the flood.
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Apple operates a blog called Apple Newsroom, where you can read news, find updates and see videos on Apple products. The information is both engaging and educational. Apple Newsroom is an example of a
Apple operates a blog called Apple Newsroom, where you can read news, find updates and see videos on Apple products. The information is both engaging and educational. Apple Newsroom is an example of a Corporate blog.
What is a corporate blog?A corporate blog is one that is written and used by a company, organization, etc. to further its objectives. The benefit of blogs is that, because of centralized hosting and generally organized conversation threads, posts and comments are simple to find and follow.
More information types are permitted by corporate blogs.
However, corporate blogs provide you the opportunity to focus on particular advantages or themes in a way that's in line with your objectives and what your readers personally want.
There are four types of corporate blogs:
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What is the guideline amount for an emergency fund
Answer:
While the size of your emergency fund will vary depending on your lifestyle, monthly costs, income, and dependents, the rule of thumb is to put away at least three to six months' worth of expenses.
Explanation:
While the size of your emergency fund will vary depending on your lifestyle, monthly costs, income, and dependents, the rule of thumb is to put away at least three to six months' worth of expenses.
The Unadjusted Trial Balance at the end of August has $5,950 in the credit column for Accumulated Depreciation. The Adjusted Trial Balance at the end of August has $7,600 in the credit column for Accumulated Depreciation. What was the amount of the depreciation expense adjustment for the month of August
The correct option is A. $1,650
The amount of the depreciation expense adjustment for the month of August is $1,650.
What is Adjusted Trial Balance?
Adjusted trial balance is used after all the adjustments have been made to the journal. The adjusted kind, on the other hand, is used when adjusting the two sides of the ledger – the debit and credit.
What is Unadjusted Trial Balance?An unadjusted trial balance is basically used before all the adjustments will be made. While an unadjusted trial balance is used when the entries are not yet considered final in a certain period.
What is Adjusting Entry?The adjusting entry for a depreciation expense involves debiting depreciation expense and crediting accumulated depreciation. This is shown below.
The depreciation expense appears on the income statement like any other expense. The accumulated depreciation is a contra asset account; it is shown as a deduction from the cost of the related asset in the balance sheet.
Hence, Based on the information given :
Amount of the Depreciation for the month of August =$7,600 - $5,950 = $1,650
Your question is incomplete, but most probably your full question was:
The amount of the depreciation expense adjustment for the month of August-
A. $1,650
B. $7,600
C. amount can not be determined
D. $5,950
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At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $314,000 and in Allowance for Uncollectible Accounts of $590 (credit) before any adjustments. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 4% of accounts receivable. Bad debt expense for the year should be:
Bad debt expense for the year should be $11,970
Given :
account balances in Accounts Receivable = $314,000
Allowance for Uncollectible Accounts = $590
allowance for uncollectible accounts should be 4% of accounts receivable.
To Find :
Bad debt expense
Solution :
A bad debt expense is recognized when a receivable is no longer collectible because a customer is unable to fulfill their obligation to pay an outstanding debt due to bankruptcy or other financial problems.
Bad debt expenses are generally classified as a sales and general administrative expense and are found on the income statement.
We first find the balance that should be in the allowance account as of December 31
$314,000 × 4% = $12,560
We subtract the current balance in the allowance account to find the bad debt expense for
$12560 - $590 = $11,970
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In addition to leading to the final decision to buy an item, consumer promotions programs help generate store traffic and _______________.
Consumer promotions programs can help generate store traffic and enhance brand loyalty, as well as leading to the final decision to buy an item.
What is an advertisement?An advertisement refers to consumer promotions programs that are designed and developed with the sole intention of making the various goods or services being offered by a business firm to become known, popular and familiar to all of its customers and potential customers.
This ultimately implies that, consumer promotions programs can help a business firm to generate store traffic and enhance brand loyalty, as well as leading to the final decision to buy an item.
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If the project team and organizational officials reassess the project after each subsequent SDLC phase to determine if the business conditions have changed or if a more detailed understanding of a system's costs, benefits, and risks suggest that the project is not as worthy as previously thought, they are:
They are adhering to the incremental commitment principle.
Non-feasibility studies look at the organization's financial and operational needs to see if the proposed information system makes sense.The method by which feasibility is assessed is feasibility analysis. A project's feasibility analysis may reveal that it is initially feasible but later proves to be unworkable. Therefore, different go/no-go checkpoints or management reviews are required as part of the Systems Development Life Cycle (SDLC).
What happens if a project is not planned and controlled?
A poor reputation, project cost overruns, project schedule delays, the project team becoming unmotivated, and a threat to the organization's sustainability are the results.
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Suppose the economy is operating in the horizontal part of the Keynesian zone of the SRAS curve. Suddenly, aggregate demand increases. As a result real GDP will _____ and prices will _____.
Suddenly, aggregate demand increases. As a result real GDP will decrease and prices will remain largely unchanged.
Aggregate demand increases as the components of aggregate demand, including personal consumption, capital spending, government spending, and exports minus imports, increase.
Aggregate demand is a measure of the aggregate demand for all manufactured goods and services produced in the economy. Aggregate demand is expressed as the total amount exchanged for those goods and services at a particular price level and time point.
Key findings
Total demand measures the total demand for all finished goods and services produced in the economy.Aggregate demand is expressed as the total amount spent on those goods and services at a particular price level and time point.Aggregate demand includes all consumer goods, capital goods (factories and equipment), exports, imports, and government expenditures.Learn more about Aggregate demand here:https://brainly.com/question/1490249
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The term Blank______ is difficult to define and apply to products, and one can think about it from an organizational, consumer, or even a legal perspective.
It can be challenging to define and apply the term "new" to items. One can consider it from an organizational, consumer, or even legal standpoint.
The meaning of "new product""New products" can include items that have never been produced or sold by your company previously but have been introduced to the market by others. new product innovations developed and released to the market. They could be wholly original works or previously released works that you have improved and updated.
What is a new to the company product?Products that are new to the company, meaning that while other companies may have created or sold them before, the company has never done so. Products that have just entered the market and have never before been available there
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If you are hired by an organization, you would be least hurt by inflation if Group of answer choices Your employer has a cost-of-living adjustment clause in the employment contract You increase savings in your bank account in anticipation of expected rise in inflation The government increases social security retirement payments in anticipation of expected inflation If your employer provides fixed annual increases in salaries and benefits in the employment contract
If we are hired by an organization, we would be least hurt by inflation if "the government increases social security retirement payments in anticipation of expected inflation".
What is social security retirement payments?Benefits from Social Security offer qualified retired adults and those with disabilities, as well as their spouses, children, and survivors, a portion of a replacement income.
To be eligible for benefits, a person must contribute to the Social Security system during their working years and accumulate 40 credits.
The role of social security in protecting against inflation are-
Because Social Security benefits are adjusted to the Consumer Price Index for Urban Wage Earners and Clerical Workers, it is often assumed that recipients are protected from inflation (CPI-W)A cost-of-living adjustment (COLA) is a yearly increase to your benefit that Social Security calculates based on inflation, if any, in addition to any calculations based on your earnings.Social Security replaces a percentage of your pre-retirement income based on their lifetime earnings.To know more about the Consumer Price Index, here
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Communication can most usefully be understood as a(n) Multiple Choice
a) innate human ability.
b) art form for which a chosen few possess raw talent.
c) skill acquired gradually through practice.
d) blunt tool that will always fail to accomplish its goal.
Communication can most usefully be understood as an innate human ability. Thus the correct option is A.
What is communication?Communication is referred to the exchange of information between two individuals in the form of conversation, opinion, suggestion, or advice with the help of medium or direct interaction.
By allowing us to connect with others and share our problems and perceptions, communication aids in the development of interpersonal relationships. It enables us to convey our emotions.
The likelihood of conflict is reduced when messages are conveyed clearly since there is no possibility for misinterpretation or message modification and helps in better achievement of objectives, especially in team building activities.
Therefore, option A is appropriate.
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If lenders have limited capital during a period of heightened uncertainty, such as the Financial Crisis of 2007-2009, they will most likely Multiple choice question. lend aggressively to large corporations. borrow additional capital. lend aggressively to small businesses. hoard their capital.
In times of extreme uncertainty, like the Financial Crisis of 2007–2009, lenders are more prone to hoard their capital if they have limited funds.
Hoarding: What Is It?A speculator who buys and stores huge amounts of a good with the hope of profiting from future price increases is said to be hoarding. The practice of purchasing goods, particularly gold, is most usually referred to as hoarding.
What exactly does it mean to hoard cash?A speculator who buys and stores huge amounts of a good with the hope of profiting from future price increases is said to be hoarding. The practice of purchasing goods, particularly gold, is most usually referred to as hoarding. Hoarding is, nevertheless, occasionally applied in other economic circumstances.
What is an illustration of hoarding?Compulsive buying, the compulsive accumulation of free stuff (like collecting flyers), or the compulsive pursuit of ideal or one-of-a-kind items are all related to hoarding.
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When an identified risk is not mitigated by an existing control this is known as.
When an identified risk is not mitigated by an existing control this is known as Residual risk.
What is Residual risk?Residual risk is the risk left after a mitigating effect or control have been used.
Other risk would have been eliminated but these risk still remains.
Therefore, When an identified risk is not mitigated by an existing control this is known as Residual risk.
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When an identified risk is not mitigated by an existing control this is known as Residual risk.
What is Residual risk?Residual risk swerves as the risk that still exist after making all efforts to identify and eliminate all types of risk .
In this case, When an identified risk is not mitigated by an existing control this is known as Residual risk.
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"GDP per capita" means that the GDP is calculated per
country.
day.
dollar.
person.
When GDP is said to be per capita, it means that GDP is being calculated per person.
What is GDP per capita?This refers to the Gross Domestic Product of a nation being divided by the number of people in that nation.
This measure is used to show the productivity of the people in the nation such that a higher figure means that the citizens are more productive.
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Answer:
D. person
Explanation:
The Internet has ________ the intensity of price competition. Group of answer choices decreased increased had no impact on stifled
The Internet has option (b)i.e, increased the intensity of price competition.
How product pricing is decided?Numerous elements influence pricing decisions when it comes to product pricing models. These variables include the price of the product or service, the level of demand, the target market, as well as internal and external factors.
There are four main effects on the intensity of price competition due to the internet:
higher price transparencydownward price pressureCreative pricing strategiesAlternative pricing or policy structuresThere are seven main product pricing strategies
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When equilibrium GDP is at full-employment GDP and autonomous consumption declines, firms are induced _____
When equilibrium GDP is at full-employment GDP and autonomous consumption declines, firms are induced to reduce production output thus moving the level of GDP downward.
What is equilibrium GDP?Gross domestic product (GDP) is a crucial economic metric for assessing a country's overall financial situation. It is determined by summing up the entire monetary value of all the goods and services produced in a nation over the course of a year.
Equilibrium GDP is the level of GDP at which total demand and total supply are balanced.
An economy is in a recession if its real GDP at the moment is lower than the output at full employment. An economy is in a boom if its real GDP at the moment is higher than its output at full employment. We say the economy is in long-run equilibrium if the current output is equivalent to the output at full employment. The output is not excessively high or low. It fits perfectly.
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Why is internal control over cash important? Check all that apply.
- the elevated risk of theft
- the high volume of cash transactions
- the inherent lack of segregation of duties
- the infeasibility of document procedures
Except for option C. All that apply Internal controls must be in place to protect these assets and ensure that only authorized individuals have access to them.
What is Internal Control?Internal control is a procedure implemented by a company's board of directors, management, and other staff members and intended to give reasonable assurance that the information is trustworthy, accurate, and timely. of adherence to relevant laws, rules, contracts, policies, and procedures.
Thus, Internal control is crucial when it comes to cash because it is susceptible to theft or loss. Because of the enormous volume of cash transactions, there is always always a very high risk of theft, which is prevented by the separation of roles and the impossibility of document procedures.
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g If a monopolist is producing a level of output where MR exceeds MC, then it should Group of answer choices Lower its output. None of the Answers are Correct. Raise its price. Increase its output.
If a monopolist is producing a level of output where MR exceeds MC, then it should Increase its output.
What happens if MR exceeds MC?MR is the result of the sale of an additional unit, added to TR. When an additional unit is produced, MC is added to TC. Thus, TR-TC becomes maximum for greatest profit when MR=MC. The producer will keep making products as long as MR is greater than MC since it will increase his earnings.The monopolist will choose the level of output that maximizes profits, where MR = MC, and then set the price for that amount of output according to the market demand curve. The monopolist makes a profit if the price is higher than the average cost.If the marginal cost exceeds the marginal revenue, the unit is not economically viable for the company to create because it costs more than it makes.To learn more about MR and MC refer to:
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Assume the price elasticity of demand for a product is 0.6. When the price is $15, consumers buy 50 units of the good. If the price decreases by twenty percent, how many units will consumers buy
The consumer will buy 56 Units
Procedure to solve
Δp = 20% of 15
Δp = 20/100 × 15
Δp = 3
e = 0.6
Formula:
e = (Δq/Δp)×p/q
0.6 = (Δq/-3)×15/50
0.6 × (-3) = Δq × 0.3
Δq = 1.8/0.3 = 6
Price decreases and quantity increases
Therefore
q' = q+Δq
q' = 50+6
q' = 56
p is the given price, q is the given quantity, Δp is the change in price, Δq is the change in quantity, e is the elasticity, q' is the new quantity.
Price Elasticity
The price elasticity of demand can be said to be an economic measure of the increase in the quantity of commodity demands or consumes in relationship to its change in price.
The price elasticity of demand refers to the percentage change in the quantity demanded of goods divided by the percentage change in the price.
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When Walmart pressured its vendors to supply it with environmentally friendly merchandise with labels to prove it, this effort most relates to the concept of
When Walmart pressured its vendors to supply it with environmentally friendly merchandise with labels to prove it, this effort most relates to the concept of sustainability.
Concept of sustainability:Meeting current requirements without compromising the ability of future generations to meet their own needs is referred to as sustainability.When marketers work in controversial or polluting?Marketers are largely prevented from becoming conscientious marketers when they operate in contentious or destructive businesses like cigarettes or fossil fuels. Vashon, a manager at a marketing research company, is attempting to ascertain whether his company adhered to ethical standards when it carried out its most recent study.What is ethical and unethical advertising?Advertising that adheres to ethical standards will highlight the distinctions between the marketed goods and services and those offered by rival businesses. While unethical advertising aims to confuse consumers by using a logo and messaging that are similar to those of the opposition.What is unethical advertising give examples?This is best illustrated by the promotion of dangerous goods like cigarettes. Given the high rate of lung cancer and other diseases linked to smoking among smokers, many would view cigarette advertising as an unethical business strategy.Learn more about sustainability here:
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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 set cost has a tendency to increase the marginal cost curve inside the quick run but because of the fact that the fixed cost isn't viable ultimately, the marginal price declines and so the lengthy-run supply curve is falling ultimately.
In a reducing value enterprise, the lengthy-run deliver curve is downward sloping because of the reality that as output will grow and new businesses enter, production costs decline. The pc agency is an example of a downward sloping delivery curve, thinking about the truth that because the variety of computer systems produced multiplied, the price of inputs, including chips, declined.
The lengthy-run deliver curve for an enterprise wherein manufacturing expenses boom as output rises (a growing-value industry) is upward sloping. The long-run deliver curve for an employer in which manufacturing costs decrease as output rises (a reducing-rate business enterprise) is downward sloping.
The long-run delivery is the shipping of goods to be had whilst all inputs are variable. The lengthy-run supply curve is constantly greater elastic than the quick-run shipping curve. The lengthy-run average fee curve envelopes the short-run common charge curves in u-fashioned curve.
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