The authorities make a decision on what items and offerings could be produced and what costs could be charged for them.
Who controls the economic system in a command economic system?Command financial system, a monetary machine wherein the approach of manufacturing is publicly owned and monetary interest is controlled through a central authority that assigns quantitative manufacturing dreams and allots raw materials to productive establishments.
Learn more about command economy here https://brainly.com/question/26262298
#SPJ10
The Government ultimately determines the products that a command economy produces.
What is the command economy and examples?Alternatively, the Command Economy owns most, if not all, businesses and is organized by the central government, where government officials control all factors of production. East Germany, North Korea and the former Soviet Union are examples of command economies.
What is the basic idea of the command economy?The main idea of the command economy is that the economic base is controlled by the government and central authorities. They can make financial decisions. How many cars will be produced or how resources will be distributed in society.
Who controls the economy in a command economy?central authority
A Command economy is a monetary system in which the manner of production is publicly owned and monetary hobby is controlled through a central authority that assigns quantitative production desires and allots raw materials to efficient organizations.
Learn more about Command economy here https://brainly.com/question/26262298
#SPJ10
what is the primary target market for a best cost-provider?
The primary target market for a best cost-provider is the value-conscious buyers.
What is this value-conscious buyers about?Value consciousness is a term that connote that consumers often pay more attention to deals and any kind of unique offers and are prepared to buy in bulk to be able to get discounts.
Therefore, The primary target market for a best cost-provider is the value-conscious buyers.
Learn more about target market from
https://brainly.com/question/20812603
#SPJ11
Diamond Line is a distributor of everything a florist needs to create a beautiful arrangement except the flowers. It sells to 10,000 flower and gift shops and 3,000 supermarkets nationwide. Each florist is called on four times a month, and each supermarket is called on twice a month. A sales call to a florist takes one hour, and a sales call to a supermarket takes two hours of selling time. An average salesperson spends 1,000 hours per year making sales calls. Calculate the number of salespeople Diamond Line needs to cover its account base for a year.
184 salespeople are needed to cover its account base of a year.
What is a sales call?A sales call is, at its most basic, a discussion between a salesman and a potential customer regarding the acquisition of a good or service. These calls, which are typically performed in person or over the video, have a number of different components, including the rep's initial agenda-setting, the product pitch, a demo, prospect objections and the rep's responses, negotiation, and the outlining of the next steps. A sales representative should aim to end each sales contact with a verbal commitment to buy from the prospect.Solution -Florist = 10,000. Each is called 4 times a month for 1 hour.
Supermarket = 3,000. Each is called 2 times a month for 2 hours.
The average salesperson spends 1,000 hours making sales per year.
The number of salespeople needed will be calculated as follows:
Florist = [tex]4 * 4 * 10,000 = 160,000[/tex]
Supermarket = [tex]2 * 4 * 3,000 = 24,000[/tex]
Florist + supermarket / average time of salesperson
[tex]\frac{160,000+24,000}{1,000} = 184[/tex]
Therefore, 184 salespeople are needed to cover its account base of a year.
Know more about sales call here:
https://brainly.com/question/25586322
#SPJ4
at the household level, higher saving rates lead to ______ and greater economic security.
At the household level, higher saving rates lead to greater wealth and greater economic security. This is further explained below.
What is savings?Generally, Saving is simply defined as the share of income not spent on current expenses. In other words, it is the money held away for future use and not spent immediately.
In conclusion, Increased wealth and financial stability are the results of increased personal savings.
Read more about savings
https://brainly.com/question/7965246
#SPJ12
The population of discouraged workers causes the: Group of answer choices actual unemployment rate to overstate the true level of unemployment. actual unemployment rate to increase when the workers are not included in the unemployment calculation. actual unemployment rate to understate the true level of unemployment. natural rate of unemployment to increase.
The population of discouraged workers causes the actual unemployment rate to increase when the workers are not included in the unemployment calculation.
How does the unemployment rate change as a result of discouraged workers?The discouraged worker impact, put simply, refers to someone who has given up looking for work because they think there are no openings. The Bureau of Labor Statistics (BLS) defines a discouraged worker as someone who wants to work and is able to do so but hasn't looked for employment in the previous four weeks because they think they won't be able to find employment for a variety of reasons, such as perceived discrimination or a lack of demand for workers in their field.
According to BLS statistics, minorities, older workers, and recent graduates have the highest rates of disenchanted workers. According to some economists, the fraction of discouraged workers keeps the total unemployment rate high.
Disappointed people frequently attempt to reenter the workforce as the economy grows and new jobs become available. They are regarded as unemployed after they start seeking work once more until they find a job. The flood of previously discouraged job seekers may therefore keep the unemployment rate high even while the general number of jobs rises and people return to the workforce.
Learn more about unemployment here:
https://brainly.com/question/16370853
#SPJ4
in a private equity structure, the party that raises the capital and makes decisions is:
It is to be noted that in a private equity structure, the party that raises the capital and makes decisions is the General Partner.
Who is the the General Partner?In private equity settings, a General Partner is the entity who together with at least one other person (legal or individual) to form a business.
Hence, in a private equity structure, the entity that provides the capital and makes decisions is the General Partner.
Learn more about private equity at:
https://brainly.com/question/14618205
#SPJ12
There is no direct relationship between economies of scale and economies of scope because Part 5 A. economies of scale pertain to one output and economies of scope pertain to more than one output. B. economies of scale pertain to one input and economies of scope pertain to more than one input. C. economies of scale pertain to cost and economies of scope pertain to output. D. economies of scale pertain to more than one input and economies of scope pertain to one input. E. economies of scale pertain to output and economies of scope pertain to input.
There are no established relationship between the economies of scale and economies of scope because the former pertain to one output and the latter pertain to more than one output.
What is an economies of scale & scope?An economies of scale means a situation whereby the average costs per unit of output decrease with the increase in output being produced by a firm while the economies of scope means the fact that a production of one good reduces the cost of producing other related good.
However, there is no relation because the former pertain to one output and the latter pertain to more than one output.
Therefore, the Option A is correct.
Read more about economies
brainly.com/question/2824360
#SPJ12
Manufacturers will work with specific retailers depending on where their target consumers expect to find their products. what does this process refer to?
Manufacturers will work with specific retailers depending on where their target consumers expect to find their products in the process known as Consumer expectation.
What is Consumer expectation?Consumer expectations can be regarded as the economic outlook of households.
Expectations in the path of consumers help them in the bearing on current economic activity and help Manufacturers to work with specific retailers depending on where their target consumers.
Learn more about Consumer expectation at:https://brainly.com/question/2664098
#SPJ12
true or false: positive economics encourages value judgments.
The statement "positive economics encourages value judgments." is False because Instead of relying on subjective assessments, positive economists look at hard evidence. This is further explained below.
What is positive economics?Generally, positive economics is simply defined as Positive economics seeking to provide an unbiased evaluation of the field. This entails looking into the past as opposed to the present situation.
In conclusion, a value judgment is one's opinion of something's quality according to one's own criteria and weightings.
Read more about positive economics
https://brainly.com/question/15573174
#SPJ12
The elements in a defamation case are: a. defamatory statement; falsity; communication; and injury. b. a contract; knowledge of the contract; improper inducement; injury. c. false or misleading fact statements; statements in commercial advertising; likelihood of harm. d. duty; breach of duty; proximate causation; and damages.
The elements in a defamation case are defamatory statement; falsity; communication and injury. Thus the correct answer is A.
What is defamation?The act of defamation is applied when the public appearance of an individual in terms of reputation, respect, and image got damaged by a third party person.
The element of a defamation case includes-
A statement that spoils the image of an individual.the passing of any false information about an individual to the public.This causes damage to individuals' social presence. When the case is presented in court it is noticed that injury has been made to individuals as they received mental stress and public hatred.Learn more about defamation, here:
https://brainly.com/question/15863456
#SPJ1
__________ is important for devloping self-reglation and promoting language. Varying rates. Motivation. Play. Secure relationships. Challenged. Screening tool. I will mark brainlest
Which of these is a major advantage of a market economy?
Select one:
1.There is efficient government control of production and
distribution.
2.It can change direction rapidly when needed as markets change.
3.People are likely to be offered goods and services they can't
afford.
4.There is a high degree of individual freedom.
These is a major advantage of a market economy is it can change direction rapidly when needed as markets change. Thus second option is correct.
What is Market Economy?Market Economy refers to the economy in which the prices of the goods and services are determined by the two market forces that are supply and demand.
There is a less control of the government in the market economy and therefore all the decisions are taken by the private individuals. Thus option 1st is incorrect.
The Prices of the goods and services are determined by the supply and demand forces and the prices are kept as per the affordability of the customers. Thus option 3rd is also incorrect.
Therefore the correct option is 2nd one as the market changes the price of the good and services are also effected and get changed.
Learn more about Market economy here:
https://brainly.com/question/14164189
#SPJ1
When would a pie chart be an effective visualization?
The time when a pie chart would be an effective visualization is when trying to work out the composition of something.
What is a Pie Chart?This refers to the visual representation that is used to show and interpret data for a group of people to show their preferences in a circular, pie form.
Hence, we can see that using a pie chart to make an effective visualization is good and it is appropriate to use when a person is trying to work out the composition of something.
Read more about pie charts here:
https://brainly.com/question/26851221
#SPJ12
Sheffield has a standard of 2 hours of labor per unit, at $12 per hour. In producing 3600 units, Sheffield used 6900 hours of labor at a total cost of $84180. Sheffield's total labor variance is
Based on the standard labor hours to Sheffield and the cost per unit of labor, the total labor variance is $3,600 Favorable.
What is Sheffield's labor variance?This can be found as:
= (Standard Labor Hours - Actual Labor Hours) x standard Labor Rate
Solving gives:
= ((3,600 x 2) - 6,900) x 12
= (7,200 - 6,900) x 12
= $3,600 Favorable
Find out more on labor variance at https://brainly.com/question/21287626.
#SPJ1
It is an uncommon practice to require employees, contractors, and outsourcers to sign two basic agreements: a confidentiality agreement (also known as a nondisclosure agreement) and an acceptable use agreement. True False
It is quite common for employees to sign a confidentiality agreement and an acceptable use agreement so this is FALSE.
Why do employees sign NDAs?Nondisclosure agreements are to ensure that employees do not trade or give out company secrets that make them competitive.
Acceptable use agreements are used to guarantee the rights of employees and management so they are signed. Both documents are common documents that most employees have to sign.
Find out more on Nondisclosure agreements at https://brainly.com/question/19451955.
#SPJ12
Bendernet Corporation budgeted production at 6,000 units and charged $42,000 to its factory overhead account. Bendernet applies variable overhead at $3.00 per direct labor hour and assumes that each unit takes one direct labor hour to produce. The company applied $40,000 of its overhead to work-in-process based on 5,000 hours. If the company actually required 5,500 hours to produce 5,000 units, what was the total overhead variance and to what extent did volume variances contribute to or offset that variance
The total overhead variance is an unfavorable $2,000 (the overhead account has a $2,000 debit balance). The volume variance contributed a $5,000 unfavorable.
What is total overhead variance?The total overhead variance is the difference between the total overhead absorbed and the actual total overhead incurred.
Total overhead charged to the overhead account was $42,000, the amount applied was $40,000, the difference, $2,000, is the total unfavorable overhead variance.
Volume variance: the amount applied- the budgeted fixed overhead + standard hours allowed x variable at the budgeted rate.
Derive rates : The budgeted rates are derived from the $40,000 applied based on 5,000 hours. The total rate is $8.00 per hour ($40,000/5,000). The $3.00 variable rate is given, so the fixed rate must be $5.00.
Fixed costs: Budgeted fixed costs are the budgeted production of 6,000 units* 1 hour times the $5.00 rate or $30,000.
Variable costs: Variable overhead based on allowed hours is $3.00 times 5,000 or $15,000. The budget based on standard hours allowed is, therefore, $45,000 ($30,000 fixed + $15,000 variable).
Variance computation: The volume variance is the difference between the $45,000 allowed and the $40,000 actually applied, $5,000.
Budget standard hours allowed: Fixed - 5.00 *6,000 = 30,000
Variable- 3.00 * 5,000 = 15,000
Overhead applied = 45,000
Overhead applied: Fixed- 5.00 * 5,000 = 25,000
Variable- 3.00 * 5,000 = 15,000
Overhead applied = 40,000 and Net overapplied volume= 5,000
Net overapplied overhead = $2,000
Learn more about the total overhead variance here:-
https://brainly.com/question/7635845
#SPJ1
Dan is creating a survey for his company. The question he is currently working on asks his business-to-business customers to describe the ideal purchasing transaction. Dan is utilizing a(n) ________ question.
Dan is utilizing an open ended question. Thus option (C) is correct.
What is open ended question?Open ended questions are the questions which can answered in the statement. It is not the yes or no type of the question or the type of the static question.
The complete question is attached below.
Open-ended questions require the respondent to elaborate on their points rather than receiving a simple "yes" or "no" response.
The Feedback is received from clients in their own words rather than canned responses, open-ended questions assist in thinking about situations from customers perspective. Thus option (C) is correct.
Learn more about open ended questions here:
https://brainly.com/question/8952164
#SPJ1
ideally, a positioning statement should identify which three things?
The positioning statement ideally should include the three segments where the relevant information is provided.
The three things are as follows:
1) The product's unique benefits
2) The target market and need satisfied
3) The category of the firm that the product belongs to
What is a product?A product is a article that is produced by a company/ business and is sold to consumer, at a market price.
Benefits of the product are required to be communicated to the consumer
#SPJ12
Learn more about Products at https://brainly.com/question/27857446
There is an 12-year bond with a par of $1,000 and a coupon of 5.20%. Suppose the bond is bought today at a price of $1,032.60, and the market interest rate is 4.82%. It turns out that in 4 years an investor sells the bond at a price of $1,059.12. Calculate the annual realized return over the 4 years the investor held the bond. Show your work and explain. (8 points).
The annual realised return over the four years is 5.63%
What is the annual realised return?The annual realised return is the total return earned from holding the bond given its coupon payments, purchase price and the price at which it was sold.
The annual realised return can be determined using a financial calculator:
Cash flow in year 0 = -1032.60 Cash flow each year from year 1 to 4 = 5.20% x 1000 = $52Cash flow in year 4 = $1059.12annual realised return = 5.63%
To learn more about bond yield, please check: https://brainly.com/question/27287677
#SPJ11
People would come from all over the greater city lines for Sami's Sushi until the owner of Sami's decided to expand to some of the well-populated suburbs. This decision was a corporate-level strategy referred to as ______.
The strategy of concentration on a single industry was the decision made on the corporate-level.
What is a concentration on a single industry?It is known as localization of industries that means the concentration of a certain industry in a particular region.
The strategy of localization of industries that ensures a competitiveness exist within a single industry.
Hence, the strategy of concentration on a single industry was the decision made on the corporate-level.
Read more about industrialization
brainly.com/question/13323062
#SPJ1
what are the two main influences that the situation has on individual performance and behavior?
The two main influences that the situation has on individual performance and behavior are
The work context constrains or facilitates performance and behavior.- The job environment provides cues to motivate and guide employees.What is Behavior?This refers to the way a person acts around people and how he relates to them that is impacted by certain factors.
Hence, we can see that there are certain factors that have an impact on the performance and behavior of a person and we can see that the work constraint and the job environment are two main factors.
Read more about job environments here:
https://brainly.com/question/15935452
#SPJ11
A cooperative agreement among oligopolists is more likely to be maintained, a. the greater the number of oligopolists. b. the larger the number of buyers of the oligopolists' product. c. the smaller the number of buyers of the oligopolists' product.
A cooperative agreement among oligopolists is likely to be the more likely it is that the game among the oligopolists will be played over and over again.
Why do oligopolists frequently appear to act together?While oligopoly companies in a sure market decide what quantity to offer and what fee to fee, they face a temptation to act as though they were a monopoly. With the resource of appearing collectively, oligopolistic companies can preserve enterprise output, charge a better charge, and divide up the income amongst themselves.
While corporations within the identical corporation work together to increase their mutual profits rather than competing doggedly with each distinctive, it's miles known as an oligopoly scenario. Oligopolies are placed in the course of the arena or even appear like growing into advantageous industries.
Learn more about oligopolists here https://brainly.com/question/3227891
#SPJ10
In the context of the elements of scientific management, time and motion studies focus on: group of answer choices designing different types of activities to overcome the boredom of overspecialized work. increasing the amount of job responsibility through vertical loading. the inclusion of motivation and hygiene factors that affect job satisfaction. the efficient use of labor to the economic benefit of a corporation.
The time and motion studies In the context of the elements of scientific management focus on the efficient use of labor to the economic benefit of a corporation.
What is the aim of time and motion studies?This management studies helps to find a more effective and efficient ways for the workers to do their specific tasks.
Hence, the time and motion studies In the context of the elements of scientific management focus on the efficient use of labor to the economic benefit of a corporation.
Therefore, the Option D is correct.
Read more about time and motion
brainly.com/question/27834691
#SPJ1
Tell me about a time you were able to understand someone else's viewpoint that differed from your own. describe the situation, your actions, and the outcome. targettttt
A time when you were able to understand another person's point of view that was different from your own could be a student or political debate for example.
What is a debate?It is a meeting of individuals to present arguments on a given topic, in a structured and formal way. To be effective, it must be organized and mediated by a leader who guarantees the chance for each member to express their ideas, being heard and respected by the other members.
The central objective of a debate is to help in the search for solutions, refute theories, generate reflection and adherence to certain points of view.
Therefore, it is essential that individuals be able to express themselves freely in society without suffering retaliation, as long as their opinions are based on ethics and respect for different opinions.
Find out more about debate here:
https://brainly.com/question/18038622
#SPJ1
In the 1990s __________ cost the United States between $42.3 billion and $47 billion in direct and indirect costs (about 30% of the nation's total mental health bill).
In the 1990s anxiety disorders cost the United States between $42.3 billion and $47 billion in direct and indirect costs (about 30% of the nation's total mental health bill).
What is anxiety disorder?This type of disorder is the one that is known to affect the mental health of a person.
This disorder typically makes it very difficult for sufferers to go through their day.
Read more on anxiety disorder here:
https://brainly.com/question/1754863
#SPJ12
The most common pattern for marginal utility is:
The most common pattern for marginal utility is Diminishing marginal utility.
What is Diminishing marginal utility?Diminishing marginal utility can be regarded as a phenomenon which is a pattern of marginal utility and explains that each additional unit of gain brings about subjective value been increased.
For instance, when you eat more three candy, is more better than two but having 30 doesn't bring more experience.
Learn more about marginal utility at:https://brainly.com/question/15050855
#SPJ12
Suppose the equilibrium price for soft drinks is $1.50 but the current price in the soft drink market is $1.25 for each soft drink. This implies that
Suppose the equilibrium price for soft drinks is $1.50 but the current price in the soft drink market is $1.25 for each soft drink. This implies that there will be surplus of soft drink .
What is supposed through Market Equilibrium?
Equilibrium is the nation wherein marketplace deliver and call for stability every other, and as a end result costs turn out to be stable. Generally, an over-deliver of products or offerings reasons costs to head down, which leads to better call for—at the same time as an under-deliver or scarcity reasons costs to head up ensuing in much less call for.
A surplus exists whilst the charge is above equilibrium, which inspires dealers to decrease their costs to remove the surplus.
How do you calculate Market Surplus at Equilibrium?
Total marketplace surplus may be calculated as overall blessings – overall expenses. Alternatively, we are able to calculate the region among our marginal advantage and marginal cost, restricted through quantity. This is the equal of locating the distinction among the marginal blessings and the marginal expenses at every stage of production.
Your question is incomplete, but most probably your full question was:
Suppose the equilibrium price for soft drinks is $1.50 but the current price in the soft drink market is $1.25 for each soft drink. This implies that:
A. there will be a surplus of soft drinks.
B. there will be a shortage of soft drinks.
C. the demand curve for soft drinks will shift leftward.
D. the supply curve of soft drinks will shift leftward
Learn more about Market Equilibrium on:
brainly.com/question/9703299
#SPJ4
In any collaboration, data ownership is typically determined by:
In any collaboration, data ownership is typically determined by the source of fundings that is used in the collaboration.
What is funding?Fund includes money given for a particular project. It can be donation from organizations or individual support towards a project.
Access to data can be determined by funding as some affiliations give access to researchers.
Therefore, In any collaboration, data ownership is typically determined by the source of fundings that is used in the collaboration.
Learn more on collaboration below
https://brainly.com/question/26322892
#SPJ12
When you have a debt, which is the
percentage used to calculate the
extra money you need to pay?
A. Original amount borrowed
B. Interest
C. Interest rate
Answer:
C - Interest Rate.
This is because the "extra money" is the interest and the borrower will calculate with interest rate.
Hope this helps!
When you market Medicare Advantage and Part D plans, what may you offer as a gift to induce enrollment in a plan
When you market Medicare Advantage and Part D plans, what you may offer as a gift to induce enrollment in a plan is: You may provide gifts to all enrollees during an event that is not above $15 in retail value.
What is Medicare Advantage marketing?Medicare is a medical coverage and Medicare Advantage marketing can be defined as the way of marketing the plan to people and telling them the advantage of the plan including what they will benefit if they enroll for the plan.
Based on the given scenario you may offer either gift items or prizes to all potential enrollees that is not above $15 in retail value so as to convince them to enroll.
Therefore When you market Medicare Advantage and Part D plans, what you may offer as a gift to induce enrollment in a plan is: You may provide gifts to all enrollees.
Learn more about Medicare here:https://brainly.com/question/1960701
#SPJ1
Official permission to postpone the payments of a loan is known as a:
Official permission to postpone the payments of a loan is known as a:
DefermentWhat is a Deferment?A deferment is an official request to postpone the payment of a loan.
When the organization is officially notified of the request to postpone the payment of the loan, they will keep the record while hoping that the debtor will honor the agreement when due.
Learn more about deferment here:
https://brainly.com/question/8159062
#SPJ12
