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Answer/Explanation:
One way this definition is defective is because it does not consider immaterial goods (like services, such as a doctor). In modern economics the word “Wealth” includes material and immaterial goods, which is why the definition is defective.
Related Questions
When a company develops a product and then attempts to sell it through normal distribution channels in a number of test-market cities, it is engaged in Blank______.
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When a company develops a product and then attempts to sell it through normal distribution channels in a number of test-market cities, it is engaged in "standard test marketing".
What is standard test marketing?A type of test market where the business chooses a limited number of sample cities to test the entire marketing mix before launching a new product.
There are various ways to test marketing-
Executing a regional product launch before a full launch.Working with a small group of customers who may directly provide product feedback.Implementing a focused direct marketing campaign to assess advertising methods.To know more about the marketing objective, here
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X Corp. and Y Corp. are separate entities. In Year 4, X Corp. extended a hostile tender offer directly to the shareholders of Y Corp. Y Corp. immediately issued bonds and offered to repurchase its own stock from its current shareholders at an amount higher than the current market price. The action by Y Corp. is best described as a(n) Issuance of stock strategy. Legal action strategy. Self-tender strategy. Compulsory share exchange strategy.
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The action by Y Corp. is best described as a C. Self-tender strategy.
What is a self-tender strategy?A self-tender is a defense strategy that thwarts a hostile corporate takeover.
Using a self-tender strategy as described in this scenario involves Y Corp. making a tender offer for its shares, inviting its shareholders to sell their shares so that the company can repurchase them at a specified favorable price.
This self-tender strategy closes off X Corp's efforts to succeed with the hostile tender offer.
Thus, the action by Y Corp. is best described as a C. Self-tender strategy.
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Which player in the economy supplies labor in the factor market?
a. Government
b. Households
c. Business firms
d. Rest of the world
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The player in the economy which supplies labor in the factor market is the households.
What is supply of labor?This refers to the number of labor who are willing and able to find work in an economy. The supply for labor is also the hours worked by a workers within a time period.
Hence, the player in the economy supplies labor in the factor market is the households.
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Answer: Households
HouseHolds supply the factor market.
Linking executive pay to stock price can have the unintended result of rewarding: Multiple Choice ethical behaviour. unethical behaviour. investing in new technology.
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Linking executive pay to stock price can have the unintended result of rewarding unethical behavior. option b is correct.
What are unethical behaviors?This is a term that is used to refer to the set of behaviors that are carried out in the corporate setting which go against the norms of the organization.
Doing such a linking has a way of rewarding the unethical behavior of the people in the work place.
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Precepts about dealing with financial crises that most economists would sign onto are:
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The rule that economists would sign to deal with financial crises are:
offset policies that might create long-run problems.deal with moral hazardsdeal with the law of diminishing control.What is a financial crises?This refers to a disruption in financial markets by a sharp decline in asset prices and numerous failures of many financial and non financial firms.
Hence, the precepts on dealing with financial crises that majority of economists would sign onto includes recognizing and offseting policies that might create long-run problems, dealing with moral hazards and law of diminishing control etc.
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When the Federal Reserve calls in a discount loan from a bank, the monetary base ________ and reserves ________.
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When the Federal Reserve calls in a discount loan from a bank, the monetary base increases, and reserves increase.
What is the monetary base?
The total quantity of cash in the hands of the general people or in the form of commercial bank deposits kept in the reserves of the central bank constitutes the monetary base. Since it does not include various types of non-currency money that are common in a modern economy, this measure of the money supply is not frequently used.
The monetary base increases as the Federal Reserve generates additional funds to buy bonds from commercial banks, increasing the banks' reserve holdings in the process.
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__________ is the two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person's or group's purchase decision.
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Personal Selling involves the two way flow of communication between a buyer and seller, often in a face to face encounter, designed to influence a person's or group's purchase decision.
What is Two way flow of communication?Two-way communication involves feedback from the receiver to the sender. This allows the sender to know the message was received accurately by the receiver. Communication is also negotiated which means that the sender and receiver listen to each other, the messages then gathers information to respond.
The two-way communication process involves the sender transmitting the message or information that may be of significance to the receiver. The receiver, upon getting the message, deciphers it and replies with the feedback.
What is Personal Selling?Personal selling is also known as face-to-face selling in which one person who is the salesman tries to convince the customer in buying a product. It is a promotional method by which the salesperson uses his or her skills and abilities in an attempt to make a sale.
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write command to list of available database on your pc
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show tables;
Explanation:
[ db name ];
Question Mode Multiple Choice Question The total interest that accumulates over time on both the principle money deposited and accumulating interest in an interest-bearing savings account is known as ______ interest.
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Private property Multiple Choice discourages exchange since people must get government approval before buying property. are not legally enforceable in the U.S. are sustained by the right of individuals to designate who will receive their property when they die. does everything indicated in the other choices.
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One thing about private property is that they are sustained by the right of individuals to designate who will receive their property when they die.
What makes private property so alluring?Private property refers to the legal right of a person to own a property and decide what to do with it within the laws of the nation.
In the U.S., a private property owner is allowed to give their land to whomever they want. This is the chief factor that sustains private land because people acquire them knowing they can pass them on when they die.
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When compliance, clarification, culture, and connection are all effectively addressed with a strategic system in place, the organization would be considered as:
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When all four elements of clarification, culture, compliance and connection are effectively addressed through a strategic onboarding system, the organization will be considered successful onboarding.
What is the successful onboarding?A successful onboarding program is most expected to include clarification, compliance, culture, and connection and follow-ups, relying on the size and needs of any company. This is also called as the 4 C's of the onboarding.
Therefore, It all start out in the present moment, a new employee accepts the position.
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What would bill fall under, he applied and acquired for a new credit card and uses it regularly?
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If he applied and acquired for a new credit card and uses it regularly he will fall under: Voluntary.
What is credit card?Credit card can be defined as the card that enables the card holder to carryout transactions such as purchases online in which the holder is expected to payback the amount used for the purchases.
If a obtain a new credit card which he use often or frequently, bill will tend to fall under voluntary because he voluntary applied for the credit card without being comply to do so.
Therefore bill will fall under voluntary.
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Explain way economic deals with allocation and efficient utilization of scarce resources only?
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Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature. Hence, to utilize the resources in the optimum possible way and meet the demands of humans, the economy allocates scarce resources.
How Microeconomics allocates scarce resources?Microeconomics analyses how scarce resources are allotted efficaciously to the production of products and services. It facilitates in resolving the critical financial issues of the economic system at an individual level.
Thus, in this manner, Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature.
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Supporters of a minimum wage argue that it can increase wage rates without causing significant unemployment in which type of labor market?
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Supporters protest that the wage rates can be increased without causing any significant unemployment are usually referring to the low pay labor market.
What is a wage?A wage is the money compensation for the services obtained by a labor, this wage is based on rates these rates can be hourly, per piece or per day.
In such a market even if wage rates are increased the unemployment is not significant and is in fact beneficial for the labor working on a low wage.
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Question 2 of 10
What is product positioning?
O
A. The set of plans for product, price, place, and promotion that the
marketer will use
O
B. The use of names and symbols to identify the company's products
O C. The process of dividing up a total market into groups (segments)
with similar needs and buying behaviors
OD. A definition of how the company intends for customers to view its
product relative to the competition
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Answer:
I think it should be D keep checking just in case
Steele Plate Units Cost Mar. 3 Purchase 1 $830 10 Purchase 1 840 19 Purchase 1 880 Total 3 $2,550 Assume that one unit is sold on March 23 for $1,125. Determine the gross profit for March and ending inventory on March 31 using (a) FIFO, (b) LIFO, and (c) average cost methods. Gross Profit Ending Inventory a. First-in, first-out (FIFO) $fill in the blank 1 $fill in the blank 2 b. Last-in, first-out (LIFO) $fill in the blank 3 $fill in the blank 4 c. Average cost $fill in the blank 5 $fill in the blank 6
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Enterprise software includes a database and thousands of predefined ________________.
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Answer:
business processes
Explanation:
Enterprise software includes a database and thousands of predefined business processes that reflect best practices
What is the money in the form of currency and checkable deposits in commercial banks called?.
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Answer:
Demand Deposits
Explanation:
Demand Deposits, as the name implies, are ones that are not placed for a certain length of time, unlike fixed deposit receipts, etc. Businessmen usually regard the money they place in current accounts as demand deposits that they can withdraw at any moment. Savings bank accounts and fixed deposit accounts are the additional deposit options available to a depositor. The depositor deposits his funds into a savings bank account and can withdraw them as needed. Some banks place limits on the number of withdrawals that may be made from savings bank accounts in a month or a year, but all banks pay interest on the money that is kept in savings bank accounts, whereas no interest is given on demand deposits. In a fixed deposit account, funds are placed for a preset amount of time, such as one month, three months, six months, or one year or more, and interest is given on those funds at a predefined rate that was set on the deposit date.
Basically there are 2 types of demand deposits:
Current accounts are typically created by businesspeople for their commercial dealings. No interest is paid on the balance in the account. flexible withdrawal and deposit options.Savings account - Usually opened by working class people, students, etc. Interest is earned on the balance in the account at a rate of 3.5–4%. Flexible withdrawal and deposit options.There are 2 types of term deposits.
Deposits that may be made repeatedly are known as recurring deposits ( like monthly, quarterly). This money must be retained for a specific amount of time and is only withdrawable at maturity. More than savings accounts, but less than fixed deposits, is the interest earned.Money may only be put once in a fixed deposit. This money will be held for a specific amount of time and may only be released at maturity. All account types will provide the highest rate of interest. If you wish to take money out before it matures, there will be a penalty.These are the basic types of bank accounts. Today's banks enhance these accounts with additional features to make them more enticing and personalized.
Select all that apply The four general accounting principles include: (Check all that apply). Multiple select question. going concern measurement expense recognition time period revenue recognition full disclosure business entity
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The four general accounting principles from the provided options are going concern principle, time period principle, full disclosure principle and revenue recognition principle.
What are accounting principles?Accounting principles are the rules and guidelines which guide the accounting users in preparing and finalizing the accounting reports.
The principles of accounting are as follows:
Going concern principle is a concept that treat a business firm to have an indefinite life.Time period principle states that the activities performed by an entity should be bifurcated into various periods.Full disclosure principle signifies that each and every material information must be reported in the accounting statements and none of the information should be hide out.Revenue Recognition principle is the one where an income is recorded when it is actually earned and the expense is recorded when it is charged. The cash receipt and cash payment would be irrelevant in this concept.Therefore, the principles related to accounting process has been explained as above.
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ABC, Inc.'s unadjusted trial balance included Accounts Receivable $80,000 debit; Allowance for Doubtful Accounts $750 credit; and credit sales $400,000 credit. ABC uses the aging of accounts receivable method and estimates that $8,000 of its receivables will be uncollectible. After the adjusting entry is made, ABC's financial statements will report ______. (Check all that apply.) Multiple select question. Bad Debt Expense of $8,000 on the income statement Allowance for Doubtful Accounts of $7,250 on the balance sheet Allowance for Doubtful Accounts of $8,000 on the income statement Allowance for Doubtful Accounts of $8,000 on the balance sheet Bad Debt Expense of $7,250 on the balance sheet Bad Debt Expense of $7,250 on the income statement
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Allowance for Doubtful accounts of $8000 and Bad debt expense of $7,250.
Given :ABC, Inc.'s unadjusted trial balance included
Accounts receivable $80,000 debit;
Allowance for doubtful accounts $750 credit;
and credit sales $400,000 credit.
ABC uses the aging-of-receivables method and estimates that $8,000 of its receivables will be uncollectible. After the adjusting entry is made, ABC's financial statements will report $8000. allowance for doubtful accounts on the balance sheet & bad debt expense of $7,250 on the income statement.
Using the aging-of-receivables method to estimate bad debt implies that we must consider the existing balance in the allowance for uncollectible account, unlike the percentage of sales method.
Therefore the entry will be a Bad debt expense of 8000 less 750 which is 7250 while the entire 8000 will be deducted from receivables in the Balance sheet.
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In the context of supply chain management (scm) technologies, _____ enables business partners to send and receive information on business transactions
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The Electronic Data Interchange is the element of supply chain management that enables the business partners to send and receive information on business transactions.
What is an Electronic Data Interchange?This refers to the electronic interchange of business information which a company sends to another company, individual, stakeholders etc.
Hence, this is element of supply chain management that enables the business partners to send and receive information on business transactions.
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Frank is the fresh produce supplier to Green Valley, an upscale restaurant. He provides the restaurant with imported meat for which he is paid $1,500 per day. One day, Frank fails to deliver the meat due to personal reasons. This causes the restaurant to order from a neighboring city for $2,500. The delay in shipment results in a foreseeable loss of $1,500 in revenue for Green Valley. If Green Valley decides to sue Frank for damages, the court is most likely to award Green Valley with damages in the amount of __________. Multiple Choice $5,500 $1,000 $8,000 $4,000 $2,500
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$2,500.
Business Agreement Between Two Parties:It benefits both sides to get into a contract with someone for services, or commodities, or to form a partnership. Positive thinking and hope do not ensure that issues will not arise during the transaction. A contract between two parties must be prepared when two businesses seek to pool their resources for common commercial objectives. You can retain legal counsel to assist you in creating a contract.A contract between two parties specifies the terms of the transaction and includes the parties' names, a description of the commercial activity, and other information. Contracts must adhere to a number of common standards in order to be upheld, one of which is that they must be in writing.One party can go to court again another party if something which is not mentioned is done and vice-versa.Explanation -Therefore, the court will most likely award Green Valley with damages the total sum of $2,500.
$1,500 dor loss and $1,000 as compensation.
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how is it possible for nominal GDP to rise but real GDP to fall from one year to the next?
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Yes, the given statement can be marked as true as it would indicate a larger rise in prices relative to a decrease in output.
Why would Nominal GDP increase but real GDP decrease?When nominal GDP increases and it is higher than real GDP, then it shows that inflation is occurring but when real GDP is higher than nominal, then it means deflation is occurring.
In an economy with a high inflation, it will experience an increase in nominal GDP no matter if the real amount of goods and services produced decreases.
The GDP deflator measures the the overall change in prices in an economy, by using the ratio between real and nominal GDP.
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A recent study found that the death rate for people who sleep 6 to 7 hours per night is lower than the death rate for people who sleep 8 or more hours. The 1.1 million observations used for this study came from a random survey of Americans aged 30 to 102. Each survey respondent was tracked for 4 years. The death rate for people sleeping 7 hours was calculated as the ratio of the number of deaths over the span of the study among people sleeping 7 hours to the total number of survey respondents who slept 7 hours. This calculation was then repeated for people sleeping 6 hours, and so on. Based on this summary, would you recommend that Americans who sleep 9 hours per night consider reducing their sleep to 6 or 7 hours if they want to prolong their lives? Why or why not? Explain. Which of the following variables are likely useful to add to the regression to control for important omitted variables?
A. Type of employment.
B. Indicator for chronic illness.
C. Drug or alcohol use.
D. Individual eye color.
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Type of employment, indicator for chronic illness, drug, or alcohol use these variables are likely useful to add to the regression to control for important omitted variables.
What is sleep pattern?
The word sleep pattern, commonly referred to as a sleep-wake pattern, refers to a person's schedule for going to bed and getting up as well as their napping habits. The frequency and length of sleep disruptions may also be part of the sleep pattern.
Type of employment, Chronic illness and drug/alcohol use they ought to be included in regression since they disturb sleep patterns.
As a result, option (a) Type of employment. (b) Indicator for chronic illness. (c) Drug or alcohol use is correct.
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In the last few decades the car manufacturing sector has found it difficult to compete with foreign car imports. High labor costs is one of the main reasons economist site as the lack of competitiveness for the car manufacturing industry. If there was modest inflation, how could it possibly help the car manufacturing industry in the United States compete with foreign car manufacturers
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A modest inflation would help the car manufacturing industry compete with foreign car manufacturers because c. It could allow real wages to downwardly adjust more easily.
How would a modest inflation help with foreign competition?When there is modest inflation, it means that the real wages paid to the employees in the car companies would fall.
This would reduce the real costs to the card companies in terms of producing cars. They will then be able to charge lower selling prices which would allow them to compete with cheaper imports.
Options for this question include:
a. The consumers of the cars have increased purchasing power.
b. Business loans would cost less for the U.S. car manufacturers.
c. It could allow real wages to downwardly adjust more easily.
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Kristen's shipping determined the pdor rate to apply overhead based on direct labor hours would be $8.40 of moh per direct labor hour.the pdor based on machine hours would be $5.20 moh per machine hour. job 43d used $12.40 of direct materials, 0.46 machine hours, and 18 minutes of direct labor at a cost of $13 per hour. how much is the total cost of job 43d if kristen's shipping applies overhead based on machine hours
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Shipping applies, overhead based on labor hours is $18.82.
How is it calculated labor hours?
By dividing the total number of finished items by the total amount of direct labor hours required to make them, labor hours are calculated.
Direct materials, $12.40
Direct labor ($13×18/60) $3.90
Direct labor hour ($8.40×18/60) $2.52
(direct materials+ direct labor + direct labor hour)
Total Cost $18.82
Hence, $18.82 is correct answer.
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A management accountant who avoids conflicts of interest meets the ethical standard of:
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A management accountant who avoids conflicts of interest meets the ethical standard of: Integrity.
What is ethical standard of integrity?Ethical standard of integrity is when is truthful and honest and therefore can be defined as the way in which a person or an individual act or behave in way that is inline with the set ethical standard.
Based on the given scenario the accountant act in accordance with ethical standard of integrity which is why he avoided the conflicts of interest.
Therefore a management accountant who avoids conflicts of interest meets the ethical standard of: Integrity.
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when the mpc = 0.75, the desired tax cut for achieving a $300 billion fiscal stimulus is _____.
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Based on the marginal propensity to consume, the required tax cut to get a $300 billion stimulus is $400 billion.
How much of a tax cut is needed?This can be found by the formula:
= Required fiscal stimulus / Marginal propensity to consume
Solving gives:
= 300 / 0.75
= $400 billion
In conclusion $400 billion of tax cuts are needed.
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An agent lists a property for sale under an Exclusive Right to Sell listing. The agent finds a buyer who makes an offer that is accepted by seller. The agent gets the commission:
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which sentence best completes the diagram -
the federal reserve decreases the discount rate
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The appropriate answer to the given question is option A bank decreases their bank rate.
What is a federal reserve?The Federal Reserve is the nation's central bank. The Fed oversees the biggest banks in the country, sets monetary policy, and offers financial support to the federal government of the United States.
The complete part of the question is attached in the image below:
The rate at which the Federal Reserve loans to commercial banks is known as the discount rate. Commercial banks, on the other hand, are compelled to alter their pricing in the direction of the discount rate in order to maintain a profit.
Hence option A is correct.
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