When the client needs it, providing support.Investigate the client's needs.Be proactive and go above and beyond for customers.
How do you show your customer obsession?When the client needs it, providing support.Investigate the client's needs.Be proactive and go above and beyond for customers.Try to imagine yourself in the position of the client.Your product may have issues.Learn more about client loyalty and satisfaction by gathering data.We're making a profit when we sell the pills.However, in contrast to other businesses, we prefer to benefit from sales of the product rather than sales of its purchase.Another illustration of how customer-focused Amazon is is this.The future of the customer experience is viewed by many industry leaders as being obsessed with the customer. This is exemplified by the behaviors of businesses that continually and routinely add new value to the customer experience.
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How does the economy affect citizens?.
How is money raised in political campaigns ?.
The only source of funding for the public funding scheme is the tax checkoff.
How is money raised in political campaigns ?Donations, the candidates' personal funds, regular people's money, and state funding.Promote the governor and state politicians with public funds.In the United States, campaign finance is the process of raising money from individuals, businesses, political action groups, and occasionally even the government to support candidates in elections at the local, state, and federal levels.Campaign funding is typically obtained through contributions.To influence a federal election, something of value must be provided, borrowed, or advanced.In accordance with the Internal Revenue Code, eligible presidential candidates have the option of accepting funding from the Presidential Election Campaign Fund, a fund kept on the records of the U.S. Treasury.The candidates who are qualified to receive the funds are chosen by the FEC, which also oversees the administration of the public funding scheme.To learn more about political campaigns refer
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bayside shoe shop offers a bogo (buy one, get one) special where customers can buy one pair at full price and get another pair at half-price. this form of price discrimination is referred to as group pricing. fluctuating prices. quantity discount. bad service.
Bayside Shoe Shop offers a BOGO (get one, get one) exceptional where clients can get one sets at the maximum and get one more pair at discounted. This type of value segregation is alluded to as terrible help. bunch estimating.
When a merchant offers lower costs to those purchasers why should willing defeat an obstruction to get it the dealer is utilizing?
The obstacle strategy for value segregation is one technique cost segregating firms use to isolate the individuals who will follow through on a significant expense from the people who are more cost cognizant. The obstacle strategy is the training by which a vender offers a rebate to all purchasers who conquer some impediment.
What are the 3 sorts of cost segregation?
There are three sorts of cost segregation that you can experience: first-degree, second-degree, and third-degree. These degrees some of the time pass by different names: customized evaluating, item forming or menu valuing, and bunch estimating, separately.
How low might you at any point talk a house down?
"The standard I've generally observed is to never go over 25% underneath the recorded cost," he says. "Chances are, after expenses, commission, and wistful worth, the dealers are now stinging. Assuming you plunge beneath that point, they might dismiss your deal totally."
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Management discovers that a supervisor at one of its restaurant locations removes excess cash and resets sales totals throughout the day on the point-of-sale (POS) system. At closing, the supervisor deposits cash equal to the recorded sales on the POS system and keeps the rest.
The supervisor forwards the close-of-day POS reports from the POS system along with a copy of the bank deposit slip to the company's revenue accounting department. The revenue accounting department records the sales and the cash for the location in the general ledger and verifies the deposit slip to the bank statement. Any differences between sales and deposits are recorded in an over/short account and, if necessary, followed up with the location supervisor. The customer food order checks are serially numbered, and it is the supervisor's responsibility to see that they are accounted for at the end of each day. Customer checks and the transaction journal tapes from the POS system are kept by the supervisor for 1 week at the location and then destroyed.
Which of the following audit procedures would have detected the fraud?
A. For selected days, reconciling the total of customer food checks to daily bank deposits.
B. Flowcharting the controls over the verification of bank deposits.
C. Comparing a sample of the close-of-day POS reports to copies of the bank deposit slips.
D. On a test basis, verifying that the serial-numbered customer food checks are accounted for.
a
The following audit procedures would have detected the fraud C. comparing a sample of the close-of-day POS reports to copies of the bank deposit slips.
Audit processes are the techniques, processes, and strategies that auditors use to attain dependable audit-proof, which enables them to gain a legitimate judgment about a corporation's economic status. Audit procedures are performed to help determine whether or not or not an organization's economic announcement is credible and genuine.
Important approaches in auditing are strategies or strategies that auditors use so that they will find or save miscalculations in economic records. substantive processes regularly offer a record of a few economic interests that indicators specialists that the interest is going on and files it for in addition evaluate.
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which of the following statements about a current liability is true? multiple choice it will be received in cash within one year or the current operating cycle. it will be paid in cash within one year or the current operating cycle. it will be paid in cash or fulfilled within one year or the current operating cycle, whichever is longer. it will be paid in cash or fulfilled within one year or the current operating cycle, whichever is shorter.
The correct statement regarding current liability is tha it will be paid in cash or fulfilled within one year or the current operating cycle.
A company's short-term financial commitments that are due in a given year or within a typical operational cycle are known as current liabilities. An organization's operating cycle, also known as the cash conversion, is the period of time required to order stock and turn that into funds through sales.
The sums owing to vendors in the form of the accounts payable are an illustration of a current liability. Commonly, current assets—assets that are depleted within a year—are utilized to settle current liabilities. Cash and receivable accounts, which are sums of money owed to clients for transactions, are instances of current assets. The ability of a business to continue making timely debt payments is largely dependent on the ratio between current assets and current liabilities.
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Pronghorn Corporation reported net income of $198,990 in 2017 and had 49,500 shares of common stock outstanding throughout the year. Also outstanding all year were 5,400 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Pronghorn’s tax rate is 30%.
Compute Pronghorn’s 2017 diluted earnings per share
The diluted earnings per share are $3.17 The earnings per share show facilitates matching the company's earnings in relation to its outstanding capital. whereas computing diluted earnings per share. We have a tendency to think about those securities conjointly that area unit convertible into stocks.
Net income= $198990
Common Stock Outstanding 49500 shares
Outstanding Stock $5400 shares
Annual Dividend $5 per share
Tax Rate 30%
Diluted Earrning= (Net Income/Common Stock Outstanding+Incremental Shares)
Proceeds From Assumed exercise=$198990
Share Exercised= 5400 x 5= 27000
Treasury Share= $198990/5= 39798
= (198990(/49500+12798)
=$3.17
As the most well-liked stocks area unit convertible into common stocks, we'll not deduct the popular dividend while computing the diluted earnings per share. To calculate diluted EPS, take a company's net profit and compute any most popular dividends, then divide the result by the total of the weighted average range of shares outstanding and dilutive shares (convertible preferred stock, options, warrants, and alternative dilutive securities).
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Montana Company was authorized to issue 85,000 shares of common stock.The company had issued 30,000 shares of stock when it purchased 4,500 shares of treasury stock.The number of outstanding shares of common stock was:.........Stockholders' Equity is an item on the balance sheet composed normally of common stock, preferred stock and retained earnings account. It is the excess of total assets over total liabilities for the period.The number of outstanding shares of common stock is computed as follows:Number of shares issued 30,000 sharesLess: Treasury stock 4,500 sharesOutstanding shares 25,500 shares
There were 25,500 shares of common stock still outstanding for the Montana Company.
Define the term Stockholders' Equity?The balance sheet component known as stockholders' equity typically consists of common stock, preference shares, and retained earnings.
It is the difference between total assets and liabilities for the time period.Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise. This includes the funds they have directly invested as well as the total amount of income the business has generated and reinvested since its inception.Following is a formula for calculating the quantity of outstanding common shares:
Number of issued shares = 30,000.Treasury stock: Less = 4,500 shares.Outstanding shares = 25,500 shares.Thus, there were 25,500 shares of common stock still outstanding.
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a company opens up a large commercial farming operation and irrigated the lettuce by flood irrigation. this is considered:
A company reveals an outsized business farming operation and irrigates the lettuce by flood irrigation. It's the commonest variety of irrigation wherever water is applied and distributed over the soil surface by gravity.
3 significant varieties of surface irrigation square measure level basin, furrow, and border strip. Irrigation causes will increase in water evaporation, impacting each surface air temperature and pressure, moreover as atmospherical wet conditions. Recent studies have confirmed that cropland irrigation will influence downfall patterns not solely over the irrigated space but even thousands of miles away.
Furrow irrigation avoids flooding the complete field surface by channeling the flow in the first direction of the sphere mistreatment 'furrows,' 'creases,' or 'corrugations.'
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what factors inherent to dedicated project team structures will improve the quality of time and cost estimates?
Project estimates are impacted by equipment breakdowns, legal restrictions, staff reductions, and holidays and vacations. Estimates for tasks should be made. Instead of consulting others, it will be challenging to hold those doing the work accountable for exceeding the estimated time.
Why is time and cost estimation so crucial?Cost estimation enables you to accomplish what you say you'll do while staying within the budget that executives and stakeholders have set. Accurate project cost estimation must be prioritized when setting up a project's parameters because it is one of the characteristics of successful progress.
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the natural rate of unemployment is closely associated with the short-run ups and downs of economic activity. a. true b. false
This statement the natural rate of unemployment is closely associated with the short-run ups and downs of economic activity is false.
What is natural rate of unemployment?The natural rate of unemployment can be defined as the unemployment rate or percentage a nation will tend to have when the economy of a nation experience economy growth.
This statement is false because the natural rate of unemployment is not associated with the short-run ups and downs of economic activities.
Therefore we can conclude that the statement is false.
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An organizational unit that controls identifiable revenues or expense items is a(n) ________ center
A responsibility center is an organisational component that manages identifiable sources of income or costs.
What is responsibility center?An operational unit or entity inside an organisation that is in charge of all the duties and activities planned for that unit is known as a responsibility centre. These facilities have their own objectives, personnel, targets, rules, and financial statements. and are used to establish a balance between duties related to expenditures made, income earned, and investments made by a person.
In a large corporation or multinational, the organisational tasks are divided into smaller tasks, and each task is given to a different small division or group. In this scenario, every group in that organisation serves as a responsibility center.
What are the types of responsibility center?A cost centre is a department or a unit that oversees, allots, separates, and eliminates all types of costs associated with an organisation. The cost center's main responsibility is to monitor an organization's expenses and to keep any unforeseen costs to a minimum. Both the person and the place may determine the cost. The cost centre is given permission in multinational corporations to control and reduce costs.
The centre in charge of initiating and overseeing revenue is the revenue centre. The management can keep an eye on a few of the marketing department's expenses but has no influence over the cost or investment. By comparing budgeted revenue with real revenue and actual marketing expenses with budgeted marketing expenses, the production of the revenue centre is determined.
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High-growth job roles within the e-commerce industry include _____. Select all options that apply.
Website and web development are career fields in the e-commerce sector that are seeing rapid expansion.
The phrase "e-commerce," sometimes known as "electronic commerce" or "internet commerce," refers to the exchange of money and data for the purpose of conducting business through the internet.
Every online store has a website, and each successful E-Commerce company is led by a talented web developer. Because they create and oversee a variety of marketing campaigns across applications and channels, marketing specialists also known as marketing managers are essential to every E-Commerce company.
E-commerce roles carry out the tasks required for the online purchase and sale of goods and services. These jobs may be found in a variety of divisions and capabilities, including marketing, distribution, and business development.
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karen transfers $2,000 from her savings account to her checking account. what effect is this change likely to have on m1 and m2?
Since Karen transferred from saving account to current account then according to the concept of money supply, M1 decreases and M2 increases.
The total amount of money and other liquid assets in an economy on the measurement date is known as the money supply. Both cash and deposits which can be accessed nearly as readily as cash are generally comprised of the money supply.
Through a mix of their federal reserve and treasuries, have with coin and paper money. By imposing deposit holding requirements on institutions, regulating how to grant credit, and handling various money problems, banking institutions have an impact on the amount of money that really is accessible to the general people in the economy.
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Which of the following statements are true regarding international trade? (Check all that apply.)Multiple select question.Nations should import goods for which they have a comparative disadvantage.International trade exists because firms export.Trade restrictions that stop the free flow of goods will enhance a nation's welfare.ations will attain a higher standard of living by specializing in goods for which they have a comparative advantage.
True international trade occurs when the exporting nation benefits more from trade than it loses.
Assume that two nations, each of which produces two items, have different opportunity costs. If so, there may be a chance for commerce between the two nations that will benefit them both. International commerce encourages nations to focus on the products and services where they have a competitive edge.
Dynamic profits from trade are related to how the economy is doing economically. A vast quantity of high-quality goods is produced as a result of the nation's specialization in producing the best-suited commodities, which fosters growth. Thus, opening up the home market to global trade will hasten economic expansion.
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In 2011, telemundo paid $600 million for spanish-language u. S. Rights to the 2018 and 2022 fifa men’s world cup. How many viewers watched the 2018 fifa men’s world cup on telemundo?.
In 2011, Telemundo paid $600 million for Spanish-language u. S. Rights to the 2018 and 2022 FIFA men’s world cup. 36.6 million TV viewers watched the 2018 fifa men’s world cup on telemundo.
FIFA is the worldwide governing frame of affiliation football, beach soccer and futsal. It become based in 1904 to oversee worldwide competition most of the countrywide institutions of Belgium, Denmark, France, Germany, the Netherlands, Spain, Sweden and Switzerland.
Based in 1904 to offer solidarity amongst national football institutions, the Federation Internationale de football affiliation (FIFA) boasts 209 members, rivaling that of the United countries, and is arguably the most prestigious sports company inside the global.
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what other factors aside from labor productivity, capital investment, and technology impact the economic growth of a country
Land, labor, capital, and entrepreneurship are the four main drivers of economic growth.
Their economies have literally been defined by the abundance of oil resources in their countries.Other nations, like Singapore, have developed into important transit hubs due to their good natural harbors.
Resources like coal deposits, iron ore deposits, and even arable land exist in other nations as well. Economic superpowers are well known for being the world's trading partners.
They do not become powerful because they are isolated, but rather because they are indispensable in commerce.The historical record is unequivocally clear.Superpowers have always and will always adhere to free trade principles.
Technology continues to drive job creation and company expansion across all industries, from manufacturing to services to social media.This explains why technologically advanced nations grow much more quickly than others.
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if the quantity of money demanded is greater than the quantity supplied, then the value of money rises. a. true b. false
The answer is true because, If the amount quantity of cost or amount supplied is always greater than quantity demanded, then the prices may or must fall in order to fed increases the money supply, and then the equilibrium of money must decrease and equilibrium price increases.
Value modifications are the end result of deliver and demand. This is authentic with fiat foreign money in addition to some other asset it's challenge to marketplace forces. When the deliver of cash will increase or decreases, the relative fee of that cash rises or falls with the ones forces. Demand for sure currencies can fluctuate, as well.
The amount idea of cash states that the fee of cash is primarily based totally on the quantity of cash withinside the economy. Thus, in line with the amount idea of cash, whilst the Fed will increase the cash deliver, the fee of cash falls and the charge stage will increase.
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a monopolistically competitive firm that is profitable in the short run will face competition that will eventually eliminate the firm's profits in the long run. but the firm can stave off competition and continue to earn economic profits if A. it can successfully sue its competitors for copyright infringementB. it can lobby the government to establish a price floor for its productC. it can move to another country where there is less competitionD. it can find new ways to differentiate its product
If the company can find new ways to differentiate its product, it can fend off competition and maintain economic profits. Option D is correct.
What is the monopolistically competitive firm?When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition develops. A monopolistic competitive industry has minimal entry requirements, and actions made by any one business do not immediately impact those of its rivals.
A monopolistically competitive firm that has short-term profitability will eventually experience long-term profitability elimination due to competition. Nonetheless, the company can fend off competition and continue to make money if it can develop fresh methods to set its product apart from the competitors.
Therefore, option D is correct.
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rue or false: a company would typically experience a decrease in profit growth if it should decide to disperse value creation activities to different locations as a way to perform those activities more efficiently.
The answer is true. Profit Growth is the compound annual percentage growth in profit for the Performance Period for the Company or, as applicable, one of its market units.
Generally speaking, a small business's healthy profit margin falls between 7% and 10%. But keep in mind that other industries, like retail or the food industry, can have reduced margins. They frequently have larger overhead expenditures, which explains this. Profit Growth is a relative concept while profitability is an absolute one. It is the metric used to assess the size of a company's profit in light of its market share. Efficiency is measured by profitability.
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apple products purchased a machine for $65,000 on march 1, 20x1. the company intends to depreciate it over 8 years using the double-declining balance method. salvage value is $5,000. depreciation for 20x1 is
$8,125 is depreciation rate .
What is depreciation rate?
The depreciation rate is the proportion at which an asset depreciates during its anticipated useful life.
It may also be described as the portion of an organization's long-term investment in an asset that the organization claims as a tax-deductible expense over the course of the asset's useful life.
Cost of Machine = $65,000
Salvage Value = $5,000
Useful Life = 8 years
Straight-line depreciation rate = 1 / Useful life
Straight-line depreciation rate = 1 / 8
Straight-line depreciation rate = 0.1250 or 12.50%
Double-declining-balance depreciation rate = 2 * Straight-line depreciation rate
Double-declining-balance depreciation rate = 2 * 12.50%
Double-declining-balance depreciation rate = 25.00%
Depreciation for 2020 = $65,000 * 25.00% * 6/12
Depreciation for 2020 = $8,125
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Compute The Net Book Value of Our Equipment as of DEC-31-2019, Using the Straight Line Method of Depreciation.Our Business Purchased a Truck for $120,000 on Sept-12-2017 with an estimated useful life of 5 years and 300,000 Miles
Compute The internet book equipment of Our device as of DEC-31-2019, using the immediate Line method of Depreciation .300 months lifestyles
810,000/300= 2,seven-hundred
81 months *2,700=218,700
810,000-218,700= 591,300
The system is a tangible lengthy-term asset that advantages an enterprise over several years of use. computer systems, trucks, and manufacturing equipment are all examples of devices. they're tangible because they have got a bodily form, not like intangible assets (along with patents, emblems, or copyrights) that do not.
The noun device does not have a plural shape. it's miles used within the singular most effective, with a singular verb, and there's no phrase "equipment." Nouns like this are called "noncount nouns" (or "mass nouns") and there are over one hundred not-unusual nouns in this category.
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as a result of recent downsizing at his firm, dominic lost his job as an it manager for a large telecommunications company. a true, self-confirmed computer nerd, dominic knew that several of his past contacts often outsourced their computer problems. he decided it was a good time to test the waters and see if he could secure enough computer clients to be in business for himself. his success demonstrated that multiple choice starting your own business can quickly provide security and profits. people always tend to hire people they know from past associations. the service sector is not an area of significant growth. successful big businesses often create profitable opportunities for small businesses.
Despite a temporary reduction in his organization, Dominic left his job as an IT manager for the biggest telecommunications company. Dominic, a self-professed true nerd, found that many of his previous relationships frequently outsourced issues.
To see if he could obtain and/or convince computer clients to work for the firm, he made the decision to test the waters. His accomplishments have demonstrated that successful large corporations can also provide valuable backing for start-up companies. He could think about having big businesses outsource their work. It demonstrates that big corporations are providing jobs for little businesses, hence the right response is "successful big enterprises frequently provide profitable prospects for small businesses."
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which of the following characterizes monopolistic competition? group of answer choices many firms produce a particular type of product, but each maintains some independent control over its own price. a few firms produce all of the market supply of a good. many interdependent firms sell a homogeneous product. a few firms produce a particular type of product.
Monopolistic competition develops when multiple companies offer competing items or services that are similar, but not perfect, alternatives. The obstacles to entry in a monopolistic competitive industry are low, and the decisions of any one firm do not immediately effect its competitors.
What are monopolistic competition's three requirements?There are three traits of a monopolistically competitive market. There are many enterprises on the market, but none are very large. Second, access to and exit from the market are both unrestricted and free. Third, each business in the market develops a distinctive product.
Which of the following does not characterize monopolistic competition?A market structure characterized by monopolistic competition has many vendors offering distinctive goods.
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What are the 4 major market forces?.
Long-term trends and short-term fluctuations are both influenced by four main factors. These elements include the government, global trade, speculative expectations, and supply and demand.
What is market forces?According to Roland Rust of Maryland Smith, three key forces—technological, social, and geopolitical—are fundamentally changing what we know about marketing.
Supply and demand, often known as market forces, define how scarce resources are distributed as well as the relative costs of commodities, services, and assets in a market economy. There is no government meddling in a free market economy.
The accumulation, uptrend or mark-up, distribution, and downturn or markdown phases are the four phases of a market cycle.
The two main market factors that we will examine are supply and demand. A market is the "place" where buyers and vendors (or consumers) come together. Any structured environment that allows for the exchange of goods and services between buyers and sellers is referred to as a market.
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canceling a contract for a technicality when market prices are falling is considered an acceptable and ethical practice.
Canceling a contract for a technicality when market prices are falling is considered a perfectly acceptable and ethical practice. An escalator clause provides for an increase, as well as a decrease, in price if costs change.
The market price rate is the modern-day fee at which an asset or provider can be sold or offered. The marketplace rate of an asset or provider is decided with the aid of the forces of delivery and demand. The fee at which the quantity provided equals the amount demanded is the marketplace charge.
A market charge is a charge triumphing on a specific day or a particular time. it is the end result of marketplace call for and delivery. regular charge, then again, is the end result of a lengthy length call for and lengthy length delivery. marketplace expenses are based upon the interplay of call for and delivery. An equilibrium price is a balance of demand and supply factors.
To take a marketplace charge instance, allow's count on an inventory has bid prices as much as $24.99 and ask prices at $25.01 and above. whilst an investor places a marketplace order to shop for it's going to execute at $25.01. This becomes the marketplace charge and bids will want to transport up to complete the following exchange.
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strategies used by multinational corporations (mncs) to help smooth the adjustment from an overseas to a stateside assignment are known as
Progress systems are methods used to help people with ASD during changes in or disturbances to exercises, settings, or schedules. The techniques can be presented verbally, auditorily, or visually and can be used before, during, or after a transition.
What are classroom transition strategies?
In essence, there are three kinds of transitions: entering the classroom, taking a seat, switching between academic activities, and leaving the classroom. Additionally, transitions are taught through explicit explanations, clear models, rehearsal, and review, just like any academic procedure.
What are activities for transition?
These are by and large those exercises that are done incidentally, for example, enlisting to cast a ballot, recording charges, getting a driver's permit, leasing a home, getting to clinical benefits, getting and petitioning for protection, and getting to grown-up administrations like Government backed retirement.
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when the profit-maximizing level of output is less than the output associated with the minimum possible average total cost of production, a firm is said to have:
when the profit-maximizing level of output is less than the output associated with the minimum possible average total cost of production, a firm is said to have excess capacity.
If a company's average cost of production for a given amount of goods is lower than the price that it asks for those goods, then the company will not earn a profit from selling those goods. On the other hand, a company will incur losses if the price that it sells its goods or services for is lower than its firm's overall average cost of production. In light of the circumstances, you could be forgiven for supposing that the farmer would like to call it quits right away. Keep in mind, however, that the company has already paid for fixed costs, such as equipment, which means that it may continue producing despite incurring a loss.
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when attempting to halve the cycle time of a service, doubling the capacity of the bottleneck is often insufficient because
When attempting to halve the cycle time of a service, doubling the capacity of the bottleneck is often insufficient because the bottleneck simply moves from one service activity to another.
A bottleneck is a point of congestion in a production system that stops or severely slows the system. The inefficiencies brought about by the bottleneck often create delays and higher production costs.
The term bottleneck refers to the typical shape of a bottle and the fact that the bottle's neck is the narrowest point, which is the most likely place for congestion to occur, slowing down the flow of liquid from the bottle.
Bottlenecks have a negative effect on practical production capacity, keeping it further below theoretical (perfect) capacity than normal. Eliminating bottlenecks is key to increasing production efficiency.
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What is investment income ?.
The investment income is that we get from the investment.
The investment income is the money we receive in interest payment, capital gains , dividends or any profit we get from the investment is called as the investment income. the profit we earned from the any type of the investments is called as the investment income. investment income is the money we get by the selling of something for more the price we paid for it initially. we can calculate the investment income in the three steps : to find the investments current value , compute the the investment yield and then in last investments value by the yield value.
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FILL IN THE BLANK. in macroeconomics, ___ describes a situation in which two people each want to exchange some good or service that the other can provide.
Answer: a double coincidence of wants
Explanation:
a double coincidence of wants is a situation in which two people each want to exchange some good or service others can provide
In macroeconomics, money describes a state in which two people want to trade some good or service that the other person can provide.
What is money?Money is any commodity or verifiable record that is widely recognized in a given country or socioeconomic environment as payment for products and services and repayment of debts, such as taxes.
Money is widely acknowledged as a vehicle of economic exchange. It is the means for expressing prices and values. It is the primary measure of wealth and circulates from person to person and country to country, promoting commerce.
Money in macroeconomics refers to a situation in which two individuals wish to exchange some item or service that the other person can give. Money is defined as any good that is commonly utilized and accepted in transactions involving the exchange of goods and services from one person to another.
Therefore, it is money.
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