An example of a public want is a family wanting a new car.
False
Unlike good, services are performed for free
False
Resources are items used to make and provide goods and services.
True
Competition among businesses hurts the consumer.
False
Most people have unlimited wants for goods and services.
True
Resources are things necessary for making only what people need.
False
Every type of business needs labor resources to produce goods and provide services.
True
Entrepreneurial resources are different from labor resources.
True
Every society has enough productive resources to produce everything people want and need.
False
Two basic types of economic systems are a market economy and a command economy.
True
The quantity of goods that consumers are willing to buy at various prices is called request.
False
Economic systems are the methods societies use to distribute resources.
True
Another name for a market economy is a democratic system.
False
Capital goods describe the worth of all goods and services provided.
False
Economic systems are the methods societies use to distribute wealth
False
In a market economy, economic decisions are made by the market place.
True
The amount of money given or asked for when a service is bought or sold is called the value.
False
The United States has experienced two major economic shifts, starting with an agricultural economy and ending with an industrial economy.
False
Though the United States has a very high GDP compared to some countries, it has a low standard of living.
False
An important measure of economic strength is the rate of inflation.
True
The U.S. Economy is shaped by a mix of public and private forces.
True
Economies go through ups and downs.
True
Janet Yellen is currently is currently head of the Federal Reserve in the US.
True
Standards are moral principals by which people conduct themselves personally, socially, or professionally.
False
Different cultures, businesses, and industries have the same ethical standards for uniformity in international business commerce.
False
In some cultures, excessive gift giving in business is overlooked and considered ethical.
True
Most businesses follow their industry's code of ethics.
True
Business ethics focus on decisions considered good or bad, correct or incorrect
True
Knowing about business only benefits you as an employee, not a consumer.
False
A small business, as defined by the SBA, serves a limited geographic area and employs no more than 100 people.
False
A virtual business acts like a business, but is not a real business.
False
According to the American City Business Journals, small businesses that use the Internet have grown more than 45% faster than those that do not.
True
The main reason people become entrepreneurs is to have the opportunity to be creative.
False
Many successful entrepreneurs work in a related business before starting their own company.
True
Before you decide to start a particular business, you need to do market research to see if there is a demand for your product or service.
True
There are 10 essential parts of a business plan.
False
There are (3) main types of business organizations: sole proprietorship, partnerships, and corporations.
True
About half of all businesses in the US are sole proprietorships.
False
Income from a corporation is taxed twice.
True
A major disadvantage of owning a sole proprietorship is that the owner has limited liability.
False
An advantage of owning a partnership is that banks are more often more willing to lend money to partnerships than to sole proprietorships.
True
Partners, in a partnership bring different skills and talents to the business.
True
Podunk tech university's office of student affairs would like to estimate the proportion of podunk tech's students who have smoked marijuana in the past month. the office of student affairs would like to estimate the population proportion p to within .04 with 95% confidence.
Answer:
600
Explanation:
Requirement "What sample size is required if the Office of Student Affairs has no knowledge of the approximate value of p? (Round your answer up to the next largest integer)."
Margin of error, m = 0.04
Confidence level, 1-∝=0.95
Assume that p = 0.5 as proportion is not given.
At 95% confidence(∝=0.05). the tabulated value from the z-table is 1.96
n = p(1-p)[z∝/m]^2
n = (0.5)(1-0.5)[1.96/0.04]^2
n = (0.5)(0.5)(2401)
n = 600.25
n = 600
So, the required samplesize would be 600
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of
$322,500; materials of $405,000 and direct labor of $215,000. During the year Adams incurred $413,000 in materials costs, $414,800 in overhead costs and
$219,000 in direct labor costs. Compute the predetermined overhead rate.
Answer:
150%
Explanation:
Computation of the predetermined overhead rate
Using this formula
Predetermined overhead rate=Estimated overhead/Estimated direct labor cost
Let plug in the formula
Predetermined overhead rate=$322,500/ $215,000
Predetermined overhead rate=1.5*100
Predetermined overhead rate=150%
Therefore Predetermined overhead rate will be 150%
What actions can people take to reduce hunger in local and global settings? Explain in details pls
Answer:
Kindly check explanation
Explanation:
Hunger often stems from poverty, Famine, inflation, war and so on. However, factors which often has a direct impact on food and coukd lead to hunger include poverty and Famine. To reduce or forestall this problem on a local and global scale, necessary steps which should be taken are those which tends to address the issue of food security. Which includes the empowerment of farmers and good funding and monitoring of the agricultural sector. Through this food cultivation could be done on a multi dimensional scale by providing support in terms of machinery, low interest loans in otter to enable farmers and other related stakeholders get access to the needs d capital for the development of their agricultural business. Also, good road network for easy transportation of farm produce. Alternative methods of watering such as irrigation farming should be upgraded as this could prove vital during periods of Rainfall shortage. The distribition of foods including adequate regularozation of prices is also key in other to prevent artificial inflation or scarcity in a bid to accrue higher profit.
Write H if the resource is a human resource, and NH if it is a nonhuman resource. 1.Machines
2.Tools
3.Workers
4.Land
5.Water
6.Capital
7.Labor force
8.Time
9.Entrepreneur
10.Process
1.H
2.H
3.NH
4.NH
5.H
6.NH
7.H
8.NH
9.H
10.H
to debit a revenue means which of the following?
a. increase its position
b. decrease revenue
c. increase revenue
explain in detail about the importance of study of market demand for successful business
Explanation:
Marketing is important because it allows businesses to maintain long-lasting and ever-present relationships with their audience. It is not a one-time fix, it is an ongoing strategy that helps businesses flourish. It engages: Customer engagement is the heart of any successful business – this is especially true for SMBs.
Complete the following sentence. Remember to spell correctly.
When supply exceeds demand, a market
occurs
Answer:
bear
Explanation:
Answer:
bear
Explanation:
hope this helps ;)
What does the phrase “last in, first out” mean?
Explanation:
LIFO stands for “Last-In, First-Out”. It is a method used for cost flow assumption purposes in the cost of goods sold calculation. The LIFO method assumes that the most recent products added to a company's inventory have been sold first. The costs paid for those recent products are the ones used in the calculation.
in humans happens meaning the process needs male and female parent.A.SEXUAL REPRODUCTION B.ASEXUAL REPRODUCTION C.OVULATION D.MENSTRATION
Answer:
A.SEXUAL REPRODUCTION
Explanation:
Three types of financial assistance that can be applied for after Grade 12
From the end of 2010 to the end of 2011, M1 increased from $2,006 billion to $2,311 billion. By what percentage did M1 increase?
Answer:
15.20%
Explanation:
The computation of the M1 increase is shown below:
= (M1 End of the year 2011 - M1 end of the year 2010) ÷ M1 End of the year 2010
= ($2,311 billion - $2,006 billion) ÷ ($2,006 billion)
= 15.20%
biggest transition between school and post school
If a country's birth rate is 15 per 1,000 population per year and the death rate is 10 per 1,000 population per year, what is
the annual population growth rate?
5 per 1,000
10 per 1000
15 per 1,000
25 per 1,000
Lindsay is a personal trainer who works with athletes to get them ready for their events. She helps them learn how to strengthen their muscles and keep their bodies in prime condition so that they will perform at their best. The pathway in the Education and Training cluster that Lindsay’s career falls into is _____.
Answer: Fitness trainer
Explanation:
A fitness trainer is an individual who is responsible for the sole purpose of training individuals on how they can keep their body in fit condition, either for competition reasons, for their health sake or a personal decision by them. Most fitness trainer are paid and they are professionals who have undergone training either by education or have been taught by someone to carry out such practise
Answer:
C. Professionals Support Services
Explanation:
1. Which cleaning solvent is used for removing dust, grease oil, paint and others?
a. gasoline
b. kerosene
c. thinner
d. water
_____ 2. All of the following are examples of lubricant EXCEPT.
a. all-purpose anti-rust lubricant
b. anti-rust lubricant spray
c. engine oil
d. wire pushing lubricant
_____ 3. All of the following is the action to identify and eliminate all unnecessary items from your
work place and dispose them?
a. sanitize
b. self-discipline
c. sort
d. systemize
_____ 4. Which of the following IS NOT the way to maintain and storing tools and equipment for hand
tools?
a. clean dirt and debris from tools after each use
b. lightly sand rough wooden handles and apply linseed oil
c. repair loose handles
d. sharpen blades of power tools
_____ 5. Which of the following IS NOT the way to maintain and storing tools and equipment for
power tools?
a. clean the air filter
b. change the oil
c. lubricate non-moving parts
d. replace spark plugs
Ant:
s are drrrr
Export
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Vendors provide restaurants with what?
OA
cooked items
OB.
raw materials
Oc.
furniture
OD.
menu recipes
Answer:
raw materials
Explanation:
What are three things you will need each month to balance your checking account?
Answer:
Explanation:
Balancing your account means adding up all of your debits and credits (deposits and withdrawals), then adding the result to your statement's starting balance. The result will be your current account balance. Still, balancing your checking account is a good practice.
Rachel needs a car to get to work and school. She's decided on a used car with a cost of $9,000. According to her budget, she can afford to pay up to $275 per month in car payments. Which loan offer is best for Rachel? Length of Loan APR Late Payment Fee Monthly Payment Total Cost of Loan Offer 1 24 months 4.5% $35 $393 $9,428 Offer 2 36 months 5% $20 $270 $9,711 Offer 3 48 months 5.5% $45 $209 $10,047 Offer 4 60 months 6.5% $25 $176 $10,566 Offer 1, because it has the lowest APR and lowest total cost of the loan Offer 2, because it has the lowest total loan cost of the offers with a monthly payment in her budget Offer 3, because a low monthly payment and the lowest late payment fee Offer 4, because it has the lowest monthly payment which frees up her budget for more fun with friends
Answer:
the best loan offer for Rachel is Offer 2, because it has the lowest total loan cost of the offers with a monthly payment in her budget.
Explanation:
Note: The data in the question are merged together. They are therefore sorted before answering the question as follows:
Length of APR Late Payment Monthly Total Cost
Loan Fee Payment of Loan
Offer 1 24 months 4.5% $35 $393 $9,428
Offer 2 36 months 5% $20 $270 $9,711
Offer 3 48 months 5.5% $45 $209 $10,047
Offer 4 60 months 6.5% $25 $176 $10,566
The explanation of the answer is now given as follows:
In finance, the best loan offer between or more different loan offers is a loan offer that meets the following 2 conditions:
1. The loan must has the lowest total cost of loan.
2. The periodic payment must be within the budget of the loan beneficiary.
From data in the question, only Offer 2 meets the 2 conditions above.
Therefore, the best loan offer for Rachel is Offer 2, because it has the lowest total loan cost of the offers with a monthly payment in her budget.
Your union goes on strike. The average worker makes $52,000 per year. Because they pay dues, the union will cover 50% of their lost wages for 10 weeks. If the strike lasted 12 weeks, how much money in lost wages would the union worker lose?
Answer: $7,000
Explanation:
Dont know. Just guessed and got it correct.
What is one way in which bonds do not generate income for investors?
Bonds appreciate in value.
Bonds pay interest.
Bonds pay a specified amount at maturity.
Bonds pay dividends.
Answer:
D. Bonds pay dividends
Explanation:
Just finished the test :)
The way in which bonds do not generate income for investors is that Bonds pay dividends.
What is a bond?A bond is known to be a kind of loan that is often obtained from any investor.
The borrower who is said to borrow he money often uses it for different kinds of purpose and the investor receives interest in form of dividend.
Learn more about bond from
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what is the importance of rigor and mortis in meat tenderizing
Explanation:
To keep tenderrrrrrrrr
On january 1, 2018, national insulation corporation (nic) leased equipment from united leasing under a finance lease. lease payments are made annually. title does not transfer to the lessee and there is no purchase option or guarantee of a residual value by nic. portions of the united leasing's lease amortization schedule appear below: jan. 1 payments effective interest decrease in balance outstanding balance 2018 192,501 2018 20,000 20,000 172,501 2019 20,000 17,250 2,750 169,751 2020 20,000 16,975 3,025 166,726 2021 20,000 16,673 3,327 163,399 2022 20,000 16,340 3,660 159,739 2023 20,000 15,974 4,026 155,713 — — — — — — — — — — — — — — — 2035 20,000 7,364 12,636 61,006 2036 20,000 6,101 13,899 47,107 2037 20,000 4,711 15,289
Answer:
Follows are the solution to this question:
Explanation:
Please find the complete question in the attached file:
For the 1st question:
[tex]\ \ (Lease \ term): 20\ years (Jan \ 1 \ 2018 \ - \ Jan \ 1 \ 2038)[/tex]
For the 2nd question:
Assets 72259, before the last payment, differs from the fixed amount of 26000, where it indicates the residual value.
For the 3rd question:
The existing annual rate of interest=[tex]- 12\% \times (\frac{23880}{199001})[/tex]
For the 4th question:
[tex]\to (520000+72259)= 592259[/tex]
For the 5th question:
[tex]\to (20\times 26000)= 520000[/tex]
For the 6th question:
[tex]\to (225001-26000)= 199001[/tex]
For the 7th question:
[tex]\to (592259-225001)= 367258[/tex]
For the 8th question:
[tex]\to (26000\times 8.36578)= 217510[/tex]
10. Which type of utility do you believe has the greatest impact on price? Explain
Answer: Place utility
Explanation:
The type of utility that is believed to have the greatest impact on price is the place utility. Place utility simomy means making of goods available to the customers when they're needed.
The place or location where customers but their products is vital to customers as they put values on products based on the place utility. This can be seen as companies make sure that their products are easily accessible to their customers.
I want YOUR HONEST OPINION. Imagine that you have been approved to participate in a cooperative education program. In two or three sentences, indicate where you would like to work and describe what you hope to learn from your job placement there. Be sure to include three to five specific examples of what you would hope to learn.
Answer:
find it so answer is right
Which descriptions offer examples of Distribution and Logistics workers? Check all that apply.
A) Jesse analyzes different shipping methods to determine which will be the most efficient and inexpensive.
B) Rosie analyzes and identifies ways for a company to improve the organization of its storage facility , so it will be easier to retrieve items.
C) Buster researches a company's target market to help determine its marketing strategy.
D) Samir carries samples of products to demonstrate to customers in their homes and businesses.
E) Zelda supervises workers in a warehouse.
F) Sharon creates a website to promote a company's products and services.
Answer:
these are the answers:
Jesse (1)
Rosie (2)
Zelda (5)
Explanation:
on edge 2021
Answer:
A B E
Explanation:
Jesse Rosie Zelda
The economic survey 2018 suggest that the psychological biases can be used in the realm of tax compliance. It is in favour of using religious norms such "dying in debt is a sin" to improve tax compliance. Identify the related dimensions of business environment. Answer (a) Legal and social dimension (b) Social, and economic dimension (c) Technological and political dimension (d) Political and economic dimension
Answer:
(b) Social, and economic dimension
Explanation:
The dimensions of a business environment refers to the various factors that must be taken into consideration so as to have a sustainable business in a particular environment. These factors include the economic, legal, social, technological and political policies guiding a particular environment. If these factors are disregarded, the business can easily crumble.
In the question above, social factors that involve the incorporation of norms, values, beliefs, traditions, impact, and social trends ensures the smooth running of the business.
In the economic dimension, economic policies and systems that include taxes, interest rates, unemployment rate, stock market indices, etc. play a key role in the success of the business.
PLZ PLZ PLZ HELP ME OUT GIVING AWAY MY LAST 16 POINTS FOR THIS!!
The introduction of the credit card was one of the things that led to the creation of database marketing.
False
True
Answer:
True
Explanation:
A credit card allows you to make purchases and pay for them later. In that sense, it's like a short-term loan in market of today's situation this has been revealed.
From this we can conclude that it led to the creation of database in marketing.
how to calculate cost of sales and gross profit
5 features of a monopoly
Answer:
houses, board, pieces, money, and cards
Explanation:
the package says so
two sustainable ways in which businesses could assist the schools to ensure that school leavers are better prepared for the workplace
The education system is based on more of theoratical knowledge than that of practical knowledge. Most of the theoratical knowledge is important and relevant but does not help in the growth of the student in real world.
For preparing students to face the real world situations and scenarios the schools should prepare them by making additions in the education system in following ways:
Business Assistance Tranings can be provided by education institutions to the graduates for introducing and preparing them for the real life workplace knowledge.Interships can be given to help them learn and work in the real environment which they would eventually work in after completion of their studies.Therefore the points discussed above can be the assistance provided by businesses to the education institutions for addition in the education system to prepare school leavers for workplace.
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