Budgeting is a crucial skill that is necessary for everyone to master, especially for those who are entering the workforce. This skill involves planning, tracking, and controlling your expenses to ensure that you have enough money to cover your needs and achieve your financial goals.
When preparing for a job interview, you may be asked about your budgeting skills, so it's essential to be familiar with common budgeting interview questions and their corresponding answers.
One common budgeting interview question is, "What experience do you have with creating and managing a budget?" In answering this question, it's essential to showcase your ability to plan and organize your finances.
Another budgeting interview question you may encounter is, "How do you prioritize your expenses when creating a budget?" This question aims to assess your decision-making skills and how you handle financial trade-offs. You can explain how you prioritize your expenses based on your needs and goals.
When answering budgeting interview questions, it's essential to use mathematical terms and concepts to demonstrate your analytical and quantitative skills.
To know more about budget here.
https://brainly.com/question/15683430
#SPJ4
Complete Question:
What are the important steps to be followed in budgeting? Explain it in the interview point of view.
For each of the following events, indicate whether the freight terms are FOB destination or FOB shipping point.
Event a.Sold merchandise and paid the freight costs. b.Purchased merchandise and paid the freight costs. c.Sold merchandise and the buyer paid the freight costs. d.Purchased merchandise and the seller paid the freight costs.
FOB stands for "Free on Board" and indicates whether the seller or the buyer is responsible for the goods during transportation. There are two types of FOB terms: FOB destination and FOB shipping point.
FOB destination means that the seller is responsible for the goods until Free on Board they reach the buyer's location. FOB shipping point means that the buyer is responsible for the goods once they leave the seller's location.
a. Sold merchandise and paid the freight costs: The FOB term in this scenario is FOB shipping point. As the seller, they are responsible for the goods until they are shipped out, and once they leave their location, the buyer assumes responsibility.
b. Purchased merchandise and paid the freight costs: The FOB term in this scenario is FOB destination. As the buyer, they are responsible for the goods once they reach their location, and the seller is responsible for the goods during transportation.
c. Sold merchandise and the buyer paid the freight costs: The FOB term in this scenario is FOB destination. The buyer is responsible for the goods once they reach their location, and the seller is responsible for the goods during transportation.
d. Purchased merchandise and the seller paid the freight costs: The FOB term in this scenario is FOB shipping point. The seller is responsible for Multimarket the goods until they are shipped out, and once they leave their location, the buyer assumes responsibility.
learn more about Multimarket here
brainly.com/question/15518385
#SPJ4
According to the rule of 72, how long would it take to double your money if you earned a compound interest rate of 5%?
a. 9 years
b. 12 years
c. 14 years
d. 15 years
According to the rule of 72, if you earned a compound interest rate of 5%, it would take approximately 14.4 years to double your money.
The rule of 72 is a quick and easy way to estimate how long it will take for an investment to double in value based on a given interest rate. To use the rule of 72, you simply divide 72 by the interest rate to get an estimate of the number of years it will take for your investment to double. For example, if you earn a compound interest rate of 5%, you would divide 72 by 5 to get an estimate of how long it would take to double your money. 72 divided by 5 equals 14.4, so it would take approximately 14.4 years to double your money with a compound interest rate of 5%. It is important to note that the rule of 72 is not a precise formula and is meant to provide only a rough estimate. The actual time it takes for your investment to double may vary depending on factors such as the compounding frequency of the interest, fees, taxes, and other variables. However, the rule of 72 can be a useful tool for understanding the power of compound interest and for comparing different investment options. By comparing the estimated time it would take for different investments to double using the rule of 72, you can make more informed decisions about where to invest your money.
To know more about interest rate:
https://brainly.com/question/30462006
#SPJ4
the balance in the equipment account is $648000, and the balance in the accumulated depreciation—equipment account is $382000. what is the book value of the equipment?
Select one:
a. Its cost plus any accumulated depreciation.
b. Its cost.
c. Its market value.
d. Its cost minus any accumulated depreciation.
The discrepancy between the account balance and cumulative depreciation is referred to as the book value of the equipment account. As part of numerous financial assessments, book values and market values of assets are frequently contrasted.
The equipment is projected to have lost value by $16,430,000 during the course of its useful life so far ($28,650,000 - $16,430,000 = a) $1,220,000 b) The balance in Accumulated Depreciation; however, this number may be more or lower than the actual loss in value. The business will account for the actual value reduction when the equipment is disposed away. Depreciation is utilised by businesses to align their operating expenses with their period-by-period revenue.
Learn more about depreciation here:
https://brainly.com/question/30531944
#SPJ4
what bank is a better choice for business real estate investments
Chase: Best for wide-range of CRE loans, business checking, and credit cards. Baselane*: Best for all-in-one landlord and real estate investor banking with CRE loan products. Stessa*: Best for online rent collection with banking product. Bluevine*: Best small business line of credit with interest-earning checking
Why do we calculate nominal GDP?
Nominal GDP can provide valuable information about the size and health of an economy.
Nominal Gross Domestic Product (GDP) is a measure of a country's economic output that is calculated using the current prices of goods and services in the economy, and it is calculated for several reasons:
Measuring economic growth, Nominal GDP can be used to track changes in an economy's overall output over time. By comparing the nominal GDP of one period to another, we can determine if an economy is growing or shrinking.
Evaluating the performance of different sectors, Nominal GDP can be broken down into different sectors, such as agriculture, manufacturing, and services. By comparing the nominal GDP of these sectors, we can determine which sectors are growing or shrinking and identify areas for improvement.
International comparisons, Nominal GDP can be used to compare the economic output of different countries. However, because the values are calculated using current prices, nominal GDP does not account for differences in the cost of living and inflation rates between countries. For this reason, it is often necessary to adjust nominal GDP using a measure called Purchasing Power Parity (PPP) to make meaningful comparisons.
Overall, nominal GDP is an important measure for understanding the performance of an economy and making informed economic policy decisions. However, it should be used in conjunction with other measures, such as real GDP, which adjusts nominal GDP for inflation, to get a more accurate picture of an economy's overall health.
To learn more about GDP here:
https://brainly.com/question/30641938
#SPJ4
Most stores today are near several others in one of four settings that include all of the following except which? Multiple Choice a. the regional shopping center b. the strip mall c. the old-town district
d. the community shopping center
e. the power center
Most stores today are typically located in one of four primary settings: the regional shopping center, the strip mall, the community shopping center, and the power center. Here option A and E are the correct answer.
These settings are designed to attract consumers by offering convenient access to a variety of retail options. Regional shopping centers are typically large, enclosed shopping malls that feature anchor department stores and a range of smaller retailers.
Strip malls, on the other hand, consist of a series of adjacent storefronts that are typically arranged in a linear configuration. Community shopping centers are smaller versions of regional shopping centers and are typically anchored by a single large store such as a grocery or drug store.
Power centers are outdoor retail centers that typically feature big-box retailers like Walmart or Home Depot. The one option in the list that is not one of the four primary retail settings is the old-town district.
To learn more about stores
https://brainly.com/question/7160004
#SPJ4
How do I become a singer when I can sing and how does it feel to sing in front of thousands of celebrities and people?(This answer is for singers and lots more people.)
Most seasoned vocalists begin their careers as session musicians and entertainers. Today, we'll look at the six steps to success for vocalists.
What does "musician" actually mean?
a person who plays music skillfully as a profession: The show will involve musicians and dancers from different nationalities. musician in comparison
Maybe the best way to describe a musician is as someone who actively engages in the creation of music in a variety of real-world circumstances, such as regular social contacts, where music has been used for millennia to promote life-affirming connections and to celebrate our humanity.
There are many "talented" rock guitarists, conductors, and violinists in the world. The word "talent" is commonly used in relation to music.
Know more about talent Visit:
https://brainly.com/question/30175940
#SPJ1
Which of the following employment statistics about small businesses is true?
A) Growth of minority-owned businesses in the U.S. is declining. B) The number of women owning small businesses has remained constant. C) Small businesses create about 15% of all new jobs in the U.S. D) A great majority of American workers find their first jobs with a small business.
Option D is correct. The truth about small business employment statistics is that the vast majority of American workers find their first jobs at small businesses.
Small businesses challenge established large companies in many ways, allowing them to be more efficient and better responsive to consumer needs. There are mainly he four types of business organizations.
It belongs to all organizations and applies to SMEs from a strategic planning perspective. Strategic planning is the process by which organizational leaders determine their vision for the future and identify the organization's goals and objectives. They give entrepreneurs an outlet. They can provide technical support to large companies.
About 20% of small businesses go bankrupt within their first year, according to Fundera's report, according to the Bureau of Labor Statistics. By the end of the second year, his 30% of companies will go bankrupt.
Know more about employment statistics here:
https://brainly.com/question/16712087
#SPJ4
Groups that are satisfied with current resource allocation methods may resist any change they believe will threaten future allocations.
(A) True
(B) False
True. Groups that are satisfied with current resource allocation methods may resist any change they believe will threaten future allocations.
Groups that are satisfied with current resource allocation methods may resist any change they believe will threaten future allocations because they perceive the current methods as being fair and beneficial to them, and any change may be perceived as a threat to their current position or status. Such resistance to change can be a significant challenge for leaders or decision-makers who are trying to implement new resource allocation methods.
A group is a collection of individuals who interact with one another and share a common purpose or goal. Groups can be formal or informal and can vary in size, structure, and level of organization. In the context of resource allocation, a group may refer to a team or department within an organization, a group of stakeholders with a common interest or goal, or any other collection of individuals who are affected by resource allocation decisions.
For more such questions on Resource Allocation: brainly.com/question/15129284
#SPJ4
What is the purpose of foreign direct investment?
Foreign Direct Investment (FDI) refers to the investment made by a company or individual from one country in another country's economy.
The purpose of foreign direct investment is to establish a lasting interest and control in a foreign country's economy. The key objective of FDI is to create business opportunities, expand market share, and access new resources and technologies. FDI can also help to boost economic growth and development in the host country by providing employment opportunities, transferring technology, and increasing production Multimarket capacity. In addition, FDI can help to reduce economic dependence on a single market or country, leading to more diversified economic growth. Overall, foreign direct investment can be an essential tool for companies and countries looking to expand their reach and improve their economic prospects.
learn more about Multimarket here
brainly.com/question/15518385
#SPJ4
to capitalize on the expertise of its employees in developing new products, a multinational consumer electronics company established groups of engineers in its various divisions to share knowledge, design methodologies, and design successes and failures. what term describes this action?
The term that describes the action of a multinational consumer electronics company establishing groups of engineers in its various divisions to share knowledge, design methodologies, and design successes and failures is "knowledge management."
Knowledge management involves the process of capturing, storing, sharing, and utilizing the knowledge and expertise of an organization's employees to improve its performance and competitive advantage.
By creating groups of engineers to share knowledge and best practices, the company is leveraging the expertise of its employees to develop new products and improve its overall performance. Knowledge management is an important strategy for companies to improve their innovation capabilities, enhance their learning culture, and stay ahead of their competition.
To know more about multinational consumer here
https://brainly.com/question/494475
#SPJ1
diminishing marginal utility results from lessened
According to the principle of declining marginal utility, the pleasure we derive from purchasing a given good decreases as we purchase more of it.
What happens as marginal utility declines?The phenomenon known as diminishing marginal utility describes how each extra unit of gain results in an ever-smaller rise in subjective value. For instance, three sweet bites are preferable to two, but the twentieth bite does not significantly improve the experience past the nineteenth (and could even make it worse).
Does the marginal utility rise when the price falls?The marginal utility of a good, which decreases with each additional unit of consumption in accordance with the law of declining marginal utility, determines the price a customer is prepared to pay for it. As a result, a regular good's price drops as consumption rises.
To know more about marginal utility, visit:
brainly.com/question/14597445
#SPJ1
what are the four basic channels for industrial goods?
The four basic channels for industrial goods are Direct sales, Distributors, Value-added resellers, Original equipment manufacturers.
Direct sales: This involves selling industrial goods directly from the manufacturer or supplier to the end-user or buyer. Direct sales may be facilitated by field sales representatives or by the manufacturer's website or e-commerce platform.
Distributors: Industrial goods are often sold through a network of distributors that act as intermediaries between the manufacturer or supplier and the end-user or buyer. Distributors typically buy goods in bulk and then sell them in smaller quantities to customers.
Value-added resellers: Value-added resellers (VARs) purchase industrial goods and then add value to them by customizing, assembling, or bundling them with other products or services before selling them to end-users.
Original equipment manufacturers (OEMs): OEMs are companies that manufacture products that are used as components in other products. Industrial goods are often sold to OEMs, which then incorporate them into their finished products.
Overall, the choice of channel depends on the product, the target demand market, and the company's marketing strategy. A company may use one or multiple channels to reach its customers and maximize its sales potential.
learn more about demand here
brainly.com/question/902765
#SPJ4
How to convert 100 billion yen to usd?
An exchange rate of 1 USD to 110 JPY, we can use the following formula to convert 100 billion yen to USD:
100 billion yen x (1 USD / 110 JPY) = 909,090,909.09 USD
To convert 100 billion yen to USD, you will need to know the current exchange rate between the Japanese yen and the US dollar. Exchange rates fluctuate constantly, so it's important to use the most up-to-date rate for an accurate conversion.
If the current exchange rate is 1 USD to 110 JPY, 100 billion yen is equivalent to approximately 909.09 million US dollars.
It's important to note that exchange rates are subject to fluctuation, and the actual amount may differ depending on the exchange rate at the time of conversion. Additionally, when converting large amounts of currency, it's essential to consult with a financial professional to ensure that you get the most accurate and favorable exchange rate.
To learn more about currency click on,
https://brainly.com/question/1795397
#SPJ4
carl bowden makes his co-payment of $25.00. the medical assistant oversees bookkeeping for dr. walden. would mr. bowden’s payment be considered a debit or credit? debit
In accounting, debits and credits refer to the two sides of a transaction that are recorded in a ledger or account.
A debit entry represents an increase in assets or a decrease in liabilities or equity, while a credit entry represents a decrease in assets or an increase in liabilities or equity. In the scenario given, Carl Bowden made a co-payment of $25.00.
Since he is making a payment, this would be recorded as a credit entry in the accounting ledger, as it represents a decrease in the amount owed by Mr. Bowden to the medical practice. The medical assistant overseeing bookkeeping for Dr. Walden would then record this credit entry in the appropriate ledger or account, along with any other relevant transaction information.
Overall, it is important to accurately record all transactions in a timely and organized manner to ensure that financial records are up-to-date and reliable. This helps businesses and organizations make informed decisions and manage their finances effectively.
To learn more about debits
https://brainly.com/question/29830330
#SPJ4
what is the process of recording financial transactions
The process of recording financial transactions is known as bookkeeping.
Bookkeeping involves identifying, measuring, and recording financial transactions in a systematic and organized way. The process typically involves several steps, including identifying the accounts affected by a transaction, determining the amounts to be debited or credited to each account, and recording the transaction in a general ledger or accounting software.
Bookkeeping is essential for financial reporting and is often used by businesses to track their financial performance and make informed decisions about future operations. Bookkeeping can be done manually or through automated software, and may involve a range of financial transactions, such as sales, purchases, payments, and receipts.
To know more on Bookkeeping
https://brainly.com/question/30513373
#SPJ4
Generally, what factors influence the size of the revenue, protective, consumption, and redistributive effects of a tariff?
a. The impact of the tariffs on domestic prices
b. The existence of an infant–industry
c. The existence of the free trade–biased sector
d. The response of domestic producers and consumers to price changes
The size of the revenue, protective, consumption, and redistributive effects of a tariff can be influenced by a variety of factors, including-
domestic prices, infant-industry,free trade-biased sector,price changes
a. The impact of the tariffs on domestic prices: Tariffs are intended to increase the price of imported goods, which can lead to changes in the prices of both domestic and imported products. The size of the revenue effect of a tariff will depend on the magnitude of the price increase and the level of demand for the affected products. If the price increase is significant, then the revenue effect of the tariff may be substantial.
b. The existence of an infant-industry: Tariffs may be used to protect domestic industries that are just starting out and may not yet be competitive with established foreign competitors. The protective effect of a tariff on such an industry can be significant, as it can allow the industry to grow and develop without being undercut by cheaper imports.
c. The existence of the free trade-biased sector: In some cases, there may be a sector of the economy that benefits from free trade, such as industries that rely heavily on imported inputs. Tariffs on those inputs can lead to increased costs for those industries, which can have negative consequences for the overall economy. The redistributive effect of a tariff in such a case can be substantial, as resources are shifted away from the free trade-biased sector towards the protected sector.
d. The response of domestic producers and consumers to price changes: The protective effect of a tariff depends on the response of domestic producers to the increased demand for their products. If domestic producers are able to increase production and lower their costs, then the protective effect of the tariff will be greater. Similarly, the consumption effect of a tariff will depend on how much consumers are willing to pay for the affected products. If consumers are willing to pay the higher prices, then the consumption effect of the tariff will be minimal.
For more such questions on tariff
https://brainly.com/question/3557063
#SPJ4
what are the two categories of media available to the international advertiser?
The two categories of media available to the international advertiser are traditional media and digital media.
Traditional Media: Traditional media includes television, radio, print media (newspapers, magazines), outdoor advertising (billboards, posters), and direct mail. These media are often used for mass marketing and can reach a broad audience with a single message. Traditional media has been a staple of advertising for decades and can be effective for building brand awareness and reaching large audiences in specific regions or countries.
Digital Media: Digital media includes internet-based media such as search engine advertising, social media advertising, mobile advertising, email marketing, and digital display advertising. Digital media has become increasingly popular due to the growth of the internet and the prevalence of mobile devices. Digital media offers the advantages of targeting specific audiences, measuring the effectiveness of campaigns, and providing real-time feedback.
International advertisers must carefully consider the benefits and limitations of both traditional and digital media when developing their marketing strategies. In many cases, a combination of both traditional and digital media can provide the best results for reaching and engaging target audiences globally.
For more such questions on media
https://brainly.com/question/793012
#SPJ4
if the government technically borrows money, which curve will this increase in spending shift, and in which direction?
If the government technically borrows money, The IS curve will this increase in spending shift, and in a rightward direction.
What is IS Curve?The IS curve or investment/saving curve displays production levels and bank rate variations where projected expenditure equals income. The type of saving and investing functions will determine how deeply it slopes.
The investment/saving curve swings to the right when the government spends more, which raises the interest rate and causes a decline in private investment affecting the consumption and economy of the country.
Learn more about IS curve, here:
https://brainly.com/question/30695396
#SPJ1
how much of the market did cornelius vanderbilt control
Cornelius Vanderbilt was a prominent American businessman and entrepreneur in the 19th century who was involved in various industries, including shipping and railroads.
While he was undoubtedly a very wealthy and powerful individual, it is difficult to determine exactly how much of the market he controlled.
Vanderbilt was known for his aggressive business tactics, and he certainly dominated certain markets, such as the steamship industry in the mid-1800s. However, it is unlikely that he had complete control over any particular market. There were often other wealthy and powerful individuals and companies competing with him.
It's worth noting that the concept of "market share" as we understand it today was not really relevant in Vanderbilt's time. The business landscape was much more fragmented and decentralized, and there were fewer large, dominant corporations. Vanderbilt's wealth and power were derived more from his personal fortune and his ability to outmaneuver his rivals than from any sort of market dominance.
To learn more about Cornelius Vanderbilt here:
https://brainly.com/question/30562132
#SPJ4
which scenario illustrates a marketing exchange?
Mandy pays $65 to Sparkle Maid Service to have her house cleaned scenario illustrates a marketing exchange
Any exchange of goods or services between two or more parties is a marketing transaction. Every deal should produce "utility," which means that the value of what you trade must be less than the value of the advantage you receive, in accordance with marketing theory. Transactions in the real world are obviously much more complex. When analysing consumer behaviour, the idea of trade is essential. A method for observing the exchange process in marketing was developed by Bagozzi in 1974. The aim of a commercial exchange is to obtain something that is more wanted than what was given up in order to obtain it. In other words, it involves a benefit that outweighs the expense.
To learn more about exchange refer here:
https://brainly.com/question/30510596
#SPJ4
what is definition of tariff?
once the product or service passes the business analysis test it moves into what stage
Once a product or service passes the business analysis test, it typically moves into the design and development stage.
During the design and development stage, the product or service concept is further refined and transformed into a tangible, functional prototype or model. This involves detailed planning and collaboration between different teams, such as product designers, engineers, and developers, to ensure that the final product meets the intended specifications and requirements.
Once the product or service has been fully developed and tested, it may then move into the production and launch stage, where it is manufactured, marketed, and made available for sale to the intended audience.
Overall, the design and development stage is a crucial part of the product development process, as it lays the foundation for the final product or service and ensures that it meets the desired quality standards and user needs.
To learn more about the development stage
https://brainly.com/question/16760106
#SPJ4
which task is associated with the organizing function of management?
Task is associated with the organizing function of management is preparing an organizational chart, locating resources, assigning tasks, and establishing procedures for accomplishing goals.
Option C and E are correct.
Organizing function :The management function of organizing involves allocating human resources and creating an organizational structure to ensure the achievement of goals. In order to achieve goals, the organizing function of management entails bringing together the physical, financial, and human resources of the company. Part of leading is managing and communicating ideas and instructions to employees and inspiring them to work efficiently.
What are management's four organizing functions?Planning, organizing, leading, and controlling are the four aspects of management. You need to be able to do all four while also managing your team and work environment.
Incomplete question :
which task is associated with the organizing function of management?
A.problem solving
B.strategic planning
C.allocating resources, assigning tasks, and establishing procedures for accomplishing goals
D. -staffing the organization
E. preparing an organizational chart
Learn more about organizing function :
brainly.com/question/14447724
#SPJ1
one can find the change in wealth from an investment by subtracting the present value of its required investment from the present value of its future cash flows.
a. true b. false
The statement is True. One can find the change in wealth from an investment by subtracting the present value of its required investment from the present value of its future cash flows.
To work out the abundance shift welcomed on by speculation, one should figure out its net present value (NPV). To ascertain the NPV, the current worth of the expected venture is first deducted from the current worth of the projected future incomes. Given a foreordained pace of return, present value (PV) is the ongoing worth of a future amount of cash or stream of income. The investment is supposed to produce riches assuming that the NPV is positive. The current worth is determined by adding a getting expense or the premium that could be procured through speculation to the future worth.
Know more about investments - https://brainly.com/question/30801911
#SPJ4
what is neo keynesian economics
Neo-Keynesian economics is a modern interpretation of Keynesian economics, which is based on the ideas of British economist John Maynard Keynes.
It emerged in the mid-20th century as a response to some of the criticisms leveled against traditional Keynesian economics.
Like Keynesian economics, neo-Keynesian economics emphasizes the importance of government intervention in the economy to stabilize output and employment. However, neo-Keynesians also recognize the role of market forces in shaping the economy and acknowledge that monetary policy can be an effective tool for managing the economy.
One of the key features of neo-Keynesian economics is the use of a more rigorous microeconomic foundation, which seeks to explain how individual economic agents (such as consumers and firms) make decisions based on their expectations of the future. This allows neo-Keynesians to incorporate the effects of changes in monetary policy and other factors on the behavior of these agents and their decisions.
Another important aspect of neo-Keynesian economics is the focus on sticky prices and wages, which means that changes in aggregate demand do not always result in immediate adjustments in prices and wages. This can lead to short-term fluctuations in output and employment, which can be mitigated by government intervention.
Overall, neo-Keynesian economics represents a refinement and modernization of traditional Keynesian economics, incorporating insights from microeconomics and recognizing the importance of market forces while still advocating for government intervention to stabilize the economy.
To learn more about Neo-Keynesian here:
https://brainly.com/question/25997892
#SPJ4
why do households prefer to use fis as intermediaries to invest their surplus funds?
Households prefer to use financial intermediaries to invest their surplus funds because intermediaries offer expertise, diversification, and liquidity that individual investors may not have.
Financial intermediaries, such as banks, mutual funds, and insurance companies, provide a range of services that can make investing more convenient, accessible, and effective for households.
By pooling the funds of many investors, intermediaries can offer diversification, which helps to spread risk and reduce the impact of market fluctuations. Intermediaries also offer expertise and resources that individual investors may not have, such as professional investment management, research, and analysis.
To know more about the financial intermediaries, here
brainly.com/question/1537763
#SPJ4
--The complete question is, Why do households prefer to use financial intermediaries to invest their surplus funds?--
all of the following will cause a shift in the supply of smartphones except group of answer choices a decrease in the number of smartphone manufacturers. a per-unit government subsidy on the production of smartphones. a decrease in the prices of smartphones. an increase in the cost of producing smartphones. next
All of them will cause shift in supply of the smartphones except decrease in the prices of smartphones.
What is supply?In the study of economics, the term "supply" refers to the amount of a resource that firms, producers, employees, lenders, or other economic players are ready and willing to offer to the market or to a particular person. The term "supplies" can be used to describe any manufactured goods, work hours, raw materials, or other valuable or in-demand goods. The supply curve may be for that seller or the market overall depending on how much is provided by each vendor separately or by the market at large. Despite the fact that theoretical presentations frequently omit the units and the time, the amount is usually for a particular time period.
To learn more about supply, visit:
https://brainly.com/question/30297876
#SPJ1
what are the two main goals in microeconomics? (see lecture 1.)
The two primary objectives in the study of microeconomics are efficiency and equity. Both these objectives directly affect the theory.
Efficiency is the process of making the most of limited resources to produce as many goods and services as possible. To optimise society's general well-being, efficiency entails generating as much as feasible with the limited resources at hand. Contrarily, equity refers to justice or fairness in the allocation of resources and products among people. It is concerned with how the costs and rewards of economic activity are allocated among various societal groups.
Because it guarantees that the rewards of economic activity are distributed fairly and that everyone has access to the needs of life, equity is a crucial goal. Efficiency and equity can be difficult to achieve, and trade-offs between these objectives are frequently necessary. For example, by providing incentives against employment and investment, equity-promoting policies like income redistribution plans may lower efficiency.
Read more about microeconomics on:
https://brainly.com/question/14561648
#SPJ4
kellen is selling a vehicle which has been previously been in an accident and which shows obvious damage. if he does not tell the buyer about the accident, has he committed fraudulent misrepresentation?
If the buyer does not inquire about the vehicle's history, then no, he has not engaged in false misrepresentation.
What does misrepresenting a contract's terms and conditions mean?When a false statement is made willfully, carelessly, or with no conviction that it is accurate, it is considered fraudulent misrepresentation. Negligent misrepresentation is defined as a representation that is made carelessly and in breach of the duty that Party A owes to Party B to use reasonable care to ensure the representation is accurate.
How do you deal with deceptive and misleading representation?Depending on the situation, the remedies for false misrepresentation may include revocation of the contract or monetary compensation. The most common solution is contract termination since fraudulent misrepresentation renders a contract voidable (as opposed to simply "void").
Learn more about false misrepresentation: https://brainly.com/question/14298239
#SPJ1
