Answer:
Assumed in perfect Competition
Many buyers
Price taking behavior
Not assumed in perfect Competition
A small number of producers
Significant barriers to entry
Firms selling similar but different goods
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
When communicating significant deficiencies in internal control noted in a financial statement audit of a nonissuer, the communication should indicate that
A. The purpose of the audit was to report on the financial statements, not to provide assurance on internal control.
B. The deficiencies noted were not detected within a timely period by employees in the normal course of performing their assigned functions.
C. The expression of an unmodified opinion on the financial statements may be dependent on corrective follow-up action.
D. Fraud or errors may occur and not be detected because of the inherent limitations of internal control.
Organization costs must be expensed as incurred. b. A copyright should be considered an intangible with an indefinite life. c. The registration of a trademark or trade name lasts for 20 years and is nonrenewable. d. A patent should be amortized over the shorter of the inventor's life or its economic life.
Answer:
c. a patent should be amortized over the shorter of the inventor's life or its economic life
Explanation:
Which of the following statements concerning intangibles is true?
a. a copyright should be considered an intangible with an indefinite life
b. organization costs must be expensed as incurred
c. a patent should be amortized over the shorter of the inventor's life or its economic life
d. the registration of a trademark or tradename lasts for 20 years and is non-renewable
Patents are a right granted to an inventor to exclusively sell a product for a specific period of time usually for 20 years. During this period, others are prevented from making, using, or selling the invention. A patent should be amortized over the shorter of the inventor's life or its economic life.
Types of patents include:
1. utility patents
2. design patents
3. plant patent
Copyright gives the inventor of a product and anyone they give the permission to the right to reproduce the product. Copyrights have limited lives
In this condition, the practitioner instructs the individual that it is time to work. After the initial instruction, the practitioner delivers a series of demands that the client is typically required to complete. If the client engages in the target behavior, the demand is removed and the client is allowed to take a break. What condition are we implementing
Answer:
Escape Condition
Explanation:
Functional analysis
This is simply known as the study of negative or inappropriate behavior, its antecedents, its consequences is also used to determine one or more functions that the behavior may serve for the learner.
Experimental Conditions
1. Alone
2. Attention
3. Demand (Escape)
4. Play
5. Tangible (if needed)
Escape (Demand) condition
This simply states that the removal of a particular stimuli as soon the occurrence of a behavior will increase the likelihood of that behavior. An example includes; when a room is too cold, we tend to avoid the chill by wearing on an extra sweater. It is also called negative reinforcement and it is because it is the removal of certain stimuli soonest as the occurrence of a behavior.
Lori purchased a home for $250,000 with an additional $5,000 in related purchase costs and then added a garage at a cost of $25,000. She sold the home 10 years later for $575,000 and paid $35,000 in selling costs. She will pay capital gains tax on how much? $10,000 $260,000 $575,000 Zero
Answer: $10,000
Explanation:
If you purchase a house and pass the ownership test of having lived in the house for at least 2 years in the past 5, you can exclude $250,000 from the capital gains as a single person.
Lori passes the ownership test and so can claim the tax exclusion.
Capital gain:
= Cash received - Purchase costs
= (575,000 - 35,000) - (250,000 + 5,000 + 25,000)
= $260,000
After claiming exclusion of $250,000
= 260,000 - 250,000
= $10,000
Time Remaining 28 minutes 51 seconds00:28:51 Item 6 Time Remaining 28 minutes 51 seconds00:28:51 A high-level manager gathers his team of supervisors together to create a new office policy that will affect all employees at the company. After receiving a verbal okay from the supervisors, he then proceeds to pass around a written form of the new policy and asks all members of the team to initial it. He explains to the supervisors that the new policy will be posted in the break rooms on each floor of corporate headquarters. If you were a part of this work team, which question would you ultimately ask yourself before initialing your approval of this policy?
Answer: How will it make me feel about myself?
Explanation:
The options to the question include:
A. Is it legal?
B. Is it balanced?
C. How will it make me feel about myself?
D. Is it a lose-lose situation?
If I were a part of this work team, the question that I would ask myself before initialing the approval of this policy is that "how will this make me feel about myself?"
In this case, I'll need to know the impact of the policy and his I could be affected by it if I initial it and how I'll eventually feel about it.
Sam is the marketing director for StyleHub, a clothing boutique. They opened their brick and mortar store last year, but Sam only published the website a month ago and it isn't receiving much traffic yet. Now, they're ready to focus on SEO and have some resources to dedicate to it. Which three tactics should Sam focus on initially
Answer:
There are several tactics that can help San increase traffic to her clothing store website. Some of them that he could focus on initially could be:
1- Create a profile on G. My Business, which is a tool that allows your site to be highlighted in the g. search tool when potential consumers are looking for clothes in your region, for example.
2- Create valuable content for your target audience, such as a blog, and spread it on social media, as a way to engage your audience and make them interested in visiting your site.
3- Optimize the website making its resources faster and more accessible, including mobile devices.
Horace is seeking to exchange money in preparation for his trip to Uruguay. He will need 5,000 Uruguayan pesos, and the exchange rate between the US dollar and the Uruguayan peso is 1:19.924. The currency exchange agent Horace is using requires that a 5% surcharge be paid when converting currency. Taking the surcharge into account, how many US dollars will it take Horace to get 5,000 pesos
Answer:
$263.50
Explanation:
Calculation to determine how many US dollars will it take Horace to get 5,000 pesos
First step is to determine Total Uruguayan pesos to buy
Total Uruguayan pesos= 5,000 Uruguayan pesos + (5,000 Uruguayan pesos* 0.05)
Total Uruguayan pesos=5,000 Uruguayan pesos + 250 Uruguayan pesos
Total Uruguayan pesos = 5,250 Uruguayan pesos
Now let determine how many US dollars will it take Horace to get 5,000 pesos
US dollars needed = (5,250 Ur.$)/(19.924 Ur.$/U$S)
US dollars needed =$263,50
Therefore how many US dollars will it take Horace to get 5,000 pesos will be $263,50
If you could choose to be anything you want, what would you choose to be and why? 2-3 paragraphs
If a bank benefits when a foreign currency declines in value, then the bank must be in a __________ position. The term below that correctly fills in the blank in the preceding sentence is: Group of answer choices
Bill, an employee with the U.S. Postal Service, was deployed to Iraq to serve in the U.S. Army for two years. After the completion of his military duties, he resumed work at the post office. He was employed with an increase in pay. Which law protected Bill by requiring that his employer re employ him with the seniority, status, and pay rate he would have earned if he had stayed on the job during the time of his deployment
Answer: Uniformed Services Employment and Reemployment Rights Act (USERRA)
Explanation:
USERRA is a federal Act that was passed in 1994 in order to help service members and veterans of the U.S. armed forces to be properly reintegrated into civilian life.
The Act requires that employers reemploy any person that left to serve in the armed forces and to give them the same status and seniority they would have been entitled to if they had not left. This Act also protects servicemembers and veterans from any discrimination that may come their way for having served in the military.
A family's financial plan is likely to be less complex than an
individual's.
True
False
Answer:
False
Explanation:
A family's financial plan inolves more than a single individual.
Shortly after the foreclosure sale, the man received a substantial inheritance. He approached the bank to repurchase the property, but the bank decided to build a branch office on the property and declined to sell. If the man prevails in an appropriate action to recover title to the property, what is the most likely reason
Answer:
statutory right of redemption
Explanation:
Statutory right of redemption is a certain amount of time given by states to previous mortgagors allowing them to raise the money to pay off the debts of their property and cancelling the mortgage. This allows the prior owner (mortgagor) to recover his/her property even after a foreclosure has been carried out. The time is set by the state and varies depending on the state. Some states do not allow this.
The Rybczynski theorem asserts that in a two-good world, and assuming that product prices stay constant, growth in the endowment of one factor of production, with the other factor unchanged, will lead to:
A. An equal percentage increase in the output of both goods.
B. An increase in the output of the good that uses the growing factor intensively and a decrease in the output of the other good.
C. An increase in the output of both goods but a greater percentage increase in the output of the good that uses the growing factor intensively.
D. An increase in the output of the good that uses the growing factor intensively and no change in the output of the other good.
Answer:
The answer is "Option b".
Explanation:
The theorem of Rybczynski affirms that certain expansion in the endowments of one factor of manufacturing throughout the two-good economy, with other unchanged factors, which would be the result in increased output for the product that employs the increasing factor as well as a drop throughout the output of the other good.
What is a good reason to contribute to a 401(k) retirement account?
It helps employees pay monthly expenses.
It guarantees the same salary after age 70.
The money in the 401(k) account doubles each year.
The money in the 401(k) account is not taxed until withdrawn.
Answer:
The money in the 401(k) account is not taxed until withdrawn.
Explanation:
A 401 (k) can be defined as a type of compensation (savings) plan that is being sponsored by a business firm or company (employer) to avail its employees the opportunity to contribute into. As a company-sponsored and defined-contribution retirement savings plan, it offers tax advantages to the employees because it reduces their income tax for the particular year while taxing their withdrawals.
A good reason to contribute to a 401 (k) retirement account is that, the money in the 401 (k) account is not taxed until withdrawn. Thus, the money contributed by an employee to a 401 (k) will maintain its tax-deferred status until he or she withdraws it.
For example, a 401 (k) would be the best retirement savings option for a 50-year old medical doctor whose employer offers a 5% contribution match.
Small businesses that are just getting off the ground often have problems with the difference between cash coming into the business and cash going out of the business. For example, if the company allows far too lenient credit sales terms, customers do not pay on time, which could cause cash to come in too slowly. That's why the __________ is a key financial statement of any business.
Answer: cash flow
Explanation:
Cash flow refers to the net amount of cash and cash equivalents which is being transferred into and out of a business.
The cash flow is an important financial statement of any business. It's vital for all businesses to keep a watch on their cash flows. This is vital in knowing if the business is making a profit or loss.
Please, I need help
Answer:
IV,I,III,V,II........
Portillo's Fast Food restaurants are changing their hot dog vendor. The company has realized that in order to stay competitive, its hot dogs need to be made larger and shorter so that they can fit in a new smaller-sized hot dog bun. Consequently, Portillo's is looking for a vendor that can provide a product according to its new specifications at a price that is less than what it was paying in the past. At what stage in the business buying process is Portillo's
Answer: supplier search
Explanation:
Portillo's Fast Food restaurants are in the supplier search stage in the business buying process. The supplier search refers to the stage of the business buying process whereby the buyer or the company seeks the best suppliers or vendors.
The company can compile a list of suppliers and make a research about them to know the one that's most appropriate to carry out the job at hand and will be most effective and efficient. This can be infered from the question as Portillo's is looking for a vendor that can provide a product according to its new specifications at a price that is less than what it was paying in the past.
Dan just lost his job. At 44 years old, he worked as a middle manager at a well-known advertising firm for 14 years. Due to a significant loss of clients, the company had to downsize despite Dan being an exemplary employee and winning several awards. The company decided to let Dan go instead of another middle manager who was in a minority group. In a business setting, this occurrence is referred to as
In a business setting, the given occurrence we called the reverse discrimination
Reverse discrimination is the non-fair treatment of members who belong to the majority group in the workplace that depends upon race, gender, etc.
Reverse discrimination might arise at the time when the majority group like white or males are to be overlooked for following things
JobsPromotionsOther types of opportunitiesThese should provide the preference to the minority group like for women
So therefore we can conclude that In a business setting, the given occurrence we called the reverse discrimination
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If a 10 percent increase in income induced a group of consumers to reduce their yearly purchases of eggs by 5 percent, for these consumers, Group of answer choices the income elasticity of eggs equals approximately 1.05. the income elasticity of eggs is 0.5. eggs are a luxury good. eggs are an inferior good.
Answer:
the income elasticity of eggs is 0.5.
Explanation:
Inferior goods are goods whose demand falls when income rises and increases when income falls.
Income elasticity of demand measures the responsiveness of quantity demanded to changes in income.
income elasticity = percentage change in quantity demanded / percentage change in income
5/10 = 0.5
If the absolute value of income elasticity of demand is greater than one, it means demand is elastic.
If the absolute value of income elasticity of demand is less than one, it means demand is inelastic.
Wedding Photos. Bobby took a number of wedding photos at Jill's wedding. He was paid as the photographer. On all of the photographs, he appropriately noted in the bottom right corner the necessary information showing that he was claiming copyright protection. Jill came to see Bobby three years after the initial photographs were taken and requested that he grant her permission to make as many copies as she wanted at the local photo shop from the pictures that she initially purchased. The photo shop had refused to reproduce the photographs without his permission. When he refused to give her permission to do so, Jill started a heated argument. She told Bobby that photographs are not entitled to copyright protection. She also told him that even if he was correct that there was some copyright protection, she was engaged in fair use, and in any event, damages for copyright infringement are unavailable. If Bobby decides to register the photographs under copyright law, how would he go about doing so
Answer:
He would register merely by affixing the appropriate symbol at the bottom of the photograph followed by first date of publication and his name.
Explanation:
Wedding Photos. Bobby took a number of wedding photos at Jill's wedding. He was paid as the photographer. On all of the photographs, he appropriately noted in the bottom right corner the necessary information showing that he was claiming copyright protection. Jill came to see Bobby three years after the initial photographs were taken and requested that he grant her permission to make as many copies as she wanted at the local photoshop from the pictures that she initially purchased. Photoshop had refused to reproduce the photographs without his permission. When he refused to give her permission to do so, Jill started a heated argument. She told Bobby that photographs are not entitled to copyright protection. She also told him that even if he was correct that there was some copyright protection, she was engaged in fair use, and in any event, damages for copyright infringement are unavailable. If Bobby decides to register the photographs under copyright law, He would register merely by affixing the appropriate symbol at the bottom of the photograph followed by the first date of publication and his name.
Review Question 1 What is meant by deadweight​ loss? Why does a price ceiling usually result in a deadweight​ loss? Deadweight loss is a​ _____________________. A price ceiling results in a deadweight loss when the ceiling price is set​ ________________ the market clearing price. A. net loss in​ output; above B. net loss of consumer and producer​ surplus; below C. net loss in​ output; below D. net loss of consumer and producer​ surplus; above Click to select your answer and then click Check Answer. All parts showing
Answer:
b
Explanation:
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Effects of a binding price ceiling
1. It leads to shortages
2. it leads to the development of black markets
3. it prevents producers from raising price beyond a certain price
4. It lowers the price consumers pay for a product.
The dead weight loss is the reduction in total surplus as a result of price setting. When price is set below equilibrium price, less goods are produced and consumed. This leads to a reduction in consumer and producer surplus
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
What are the main professions in Nepal? Name them
Answer:
The main profession or occupation of Nepal are as follows ÷
1. Tourism= Tourists Guide, translator, hotel manager, waiter, waitress, porter etc
2. Agriculture = Farmers,Agriculture labour, JTA/TA
3. Education = teacher, academic administrator, instructor, librarian etc
You are the CEO of a home appliance manufacturing company and have recently undertaken a review of your company's strategy. In comparing your stock market valuation to that of your closest competitor, you note that your firm is currently valued at $50 billion, while your competitor is valued at $40 billion. How should you proceed?
A.Consider this evidence of a sustainable competitive advantage and maintain your current strategy
B. Compare the current valuations with past valuations to determine a trend
C. Assume your current strategy has failed and begin to formulate a new one
D. Compare your valuation to firms in another industry.
Answer:
The correct answer is the option B: Compare the current valuations with the past valuations to determine a trend.
Explanation:
To begin with, in the field of business managent when it comes to terms of analyzing strategies that lead the organization in its market value the most important thing to do is to find trends that will compass tasks or ways of action that the company has so that they will know if they are in the correct path growing and how the strategy should continue going or change. Because if you keep the same strategy then maybe the context will change or a fortuite case will appear and harm the organization's strategy so that will indicate that you will have to change that. Therefore that seeking for trends in the history of the company's strategies and to see what has been going well
Masterson Company's budgeted production calls for 71,000 units in April and 67,000 units in May of a key raw material that costs $1.85 per unit. Each month's ending raw materials inventory should equal 20% of the following month's budgeted materials. The April 1 inventory for this material is 14,200 units. What is the budgeted materials purchases for April
Answer:
70,200 units
Explanation:
Calculation to determine the budgeted materials purchases for April
Using this formula
Budgeted material needed for april=April budgeted production calls +
+ (Ending inventory*Ending inventory percentage)- Beginning inventory
Let plug in the formula
Budgeted material needed for april= 71,000 + (67,000*20%) -14,200
Budgeted material needed for april= 71,000 + 13,400-14,200
Budgeted material needed for april= 70,200 units
Therefore the budgeted materials purchases for April is 70,200 units
What is the percent change in price when the price drops from $6 to $5? What is the percent change in price when the price drops from $6 to $5? Assume your answer is a percent and answer a numeric value only.
Answer:
16.7%
Explanation:
100/6 = 16.666666667% = 1/6
6-5 = 1
1/6 of the price is taken away so 1/6 is the percent it dropped.
Assuming number 6, then answer in numerical value in 16.7%.
What is the price?
Pricing is a very important factor in determining how well-liked a product is in the market.
100/6 = 16.666666667%
= 1/6
6-5 = 1
The price reduced by 1/6, or 1/6 of the original amount.
As a result, 16.7% is accurate.
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Which phrase best describes the purpose of a slide master? Check all that apply.
A. to determine the layout for each individual slide in a presentation
B. to allow users to give each slide in a presentation a unique look and feel
C. to establish the layout of all slides, or a group of slides, in a presentation
D. to determine the theme of all slides, or a group of slides, in a presentation
E. to set the thematic characteristics of each individual slide in a presentation
F. to allow users to apply changes in layout or theme to an entire presentation
Answer: to establish the layout of all slides, or a group of slides, in a presentation.
to determine the theme of all slides, or a group of slides, in a presentation.
to allow users to apply changes in layout or theme to an entire presentation.
Explanation:
It should be noted that the Slide Master refers to the top slide which controls the information regarding the background, fonts, theme, layout, and color of all the slides in Microsoft PowerPoint.
The phrase best describes the purpose of a slide master include:
• to establish the layout of all slides, or a group of slides, in a presentation.
• to determine the theme of all slides, or a group of slides, in a presentation.
• to allow users to apply changes in layout or theme to an entire presentation.
Therefore, the correct options are C, D and F.
Answer:
C
D
F
Explanation:
edge
What is the difference between a price floor and a price ceiling?
A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.
A price floor is the maximum price allowed for a good. A price ceiling is the minimum price allowed for a good.
A price ceiling below the equilibrium price has no effect.
A price floor above the equilibrium price has no effect.
Answer:
A price ceiling below the equilibrium price has no effect.
The difference between a price floor and a price ceiling is a price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good. The correct option is a.
What is price floor?A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective.
The equilibrium price, commonly called the "market price", is the price where economic forces such as supply and demand are balanced and in the absence of external influences the values of economic variables will not change, often described as the point at which quantity demanded and quantity supplied are equal. Governments use price floors to keep certain prices from going too low.
Two common price floors are minimum wage laws and supply management in Canadian agriculture. Other price floors include regulated US airfares prior to 1978 and minimum price per-drink laws for alcohol.
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A mechanic sued his former employer in federal court, claiming that the employer had discharged him because of his age in violation of federal law. The employer answered, denying the claims and promptly moving for summary judgment. In support of the motion, the employer attached the mechanic's employment evaluations for the past three years, which rated his skills and performance as poor and culminated in a recommendation for his discharge. What is the mechanic's best argument to defeat the summary judgment motion
Answer:
The essential facts are unavailable to the mechanic and therefore discovery is required. (Civil Procedure-Motions)
Explanation:
In United States law, the motion to be considered as the procedural device so that it brings the limited and contested issue prior a decision could be taken by the court. It is the request that made to the judge for making out the decision for the case also the party that oppose to the motion should be the non-moving party
So as per the given situation, the important facts are not available to the mechanic and so the discovery is needed
Owning a patent: Multiple Choice Gives its owner an exclusive right to manufacture and sell a device or to use a process for 50 years. Gives the owner exclusive rights to manufacture and sell a patented item or to use a process for 20 years. Gives the owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 70 years. Gives its owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 17 years. Indicates that the value of a company exceeds the fair market value of a company's net assets if purchased separately.
Answer:
Gives the owner exclusive rights to manufacture and sell a patented item or to use a process for 20 years
Explanation:
A patent is defined as a rights that the owner of an innovative product or process has that allows him to exclusively manufacturer the product or have the only right to use a particular process for 20 years.
Usually the item patented gives a new way of solving problems.
Any duplication of the product or service that is patented has to be with the consent of the owner.
Patents allow inventors of products and services to be adequately compensated.for their innovation.
Vertical integration appears particularly advantageous when the organization has: Question 40 options: 1) a very specialized product. 2) a large market share. 3) a very common, undifferentiated product. 4) little experience operating an acquired vendor. 5) purchases that are a relatively small percent of sales.
Answer:
2) a large market share.
Explanation:
Horizontal consolidation can be defined as a strategic technique which typically involves the process of merging companies that are into the production (manufacturing) of the same or similar products (finished goods) and services into a single business unit. This type of merger or integration is the most commonly used consolidation method across the world. It is also known as horizontal integration and it essentially helps to increase the level of output (production) for businesses
Vertical Integration is a business strategy whereby a firm acquires businesses that provide the supplies it needs to make its products or that makes and sell its products.
Vertical integration appears particularly advantageous when the organization has a large market share i.e it controls a huge or enormous portion of a market.
