Multiple Choice Question Credit terms of n/15 EOM were printed on an invoice. Explain what this means. a.The credit period ends on the 15th of the month. b.The credit terms stand for net 15 days after end of month. c.The discount period lasts only 15 days from invoice date. d.The buyer will receive a 15% discount if the invoice is paid by the 15 of the month.

The correct option is c. would not be included in GDP because they are transfer payments.

A subsidy is a type of financial help or support provided to the financial sector only with main objective of fostering social and economic advancement.

Thus, the government might offer subsidies to promote the creation of small enterprises; but, because these subsidies are transfer payments, they are not counted towards GDP.

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The statement which best explains the importance of interest rates in saving money is D. A higher interest rate helps someone's money grow larger over time.

Interest rates are the rates at which a borrower pays interest on a loan or at which a depositor earns interest on savings. When someone saves money in a bank account or other interest-bearing account, the interest rate determines how much their money will grow over time.

A higher interest rate means that a person's savings will earn more interest, and therefore, their money will grow larger over time.

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Mary Kay is not an example of a pyramid scheme.  Investors are attracted by the initial promoters, who then bring in more investors, and so forth. Because there are more investors at each level, the scheme is referred to as a "pyramid." Pyramid schemes are a waste of time and money in addition to being illegal. The answer is OPTION A.

Pyramid schemes frequently fail when the pool of potential recruits runs out because they depend on recruiting new members to generate investors. an online music store that attracted people who paid for the right to sell music while rewarding employees for bringing in new customers. The bonuses had nothing to do with product sales in any way. The answer is OPTION A.

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Under absorption costing, product costs consist of both variable and fixed manufacturing costs.

Direct materials and direct labour are examples of costs that vary in proportion to the volume of production. Rent, salaries, and the depreciation of industrial equipment are examples of fixed costs, which are expenses that don't change depending on the volume of production.

Each unit of a product produced is given a fixed and variable production cost via absorption costing. This is done to make sure that the price of a product includes every expense related to its production. According to the theory underpinning absorption costing, fixed expenses should be allocated to each unit of generated product since they are incurred to support the production process. In order to make pricing decisions, manage costs, and analyse profitability, it is now possible for businesses to ascertain the total cost of manufacturing each unit of product.

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The relative sizes of the interest rates using the given considerations on the following is

a. around 2% to 3%

b. 10% to 20% or more

c. 3% to 5% or more

d. 5% to 10% or more

e. 20% to 50% or more

Money may not be an economic resource, but it is a valuable tool for facilitating economic transactions and enabling the transfer of goods and services. Interest is paid and received for the use of money because it represents the cost of borrowing and the return on lending.

Interest rates differ greatly on various types of loans because of several considerations, such as the risk of default, the length of the loan, the purpose of the loan, and the lender's operating costs and profit margins.

The relative sizes of interest rates on the following types of loans can be explained as follows:

a. A 10-year $1000 government bond:

Government bonds are generally considered low-risk investments, as they are backed by the full faith and credit of the government. As such, they typically offer lower interest rates than riskier investments. The interest rate on a 10-year government bond may be around 2% to 3%.

b. A $20 pawnshop loan:

Pawnshop loans are typically short-term, secured loans that are backed by collateral such as jewelry or electronics. Because of the higher risk of default, pawnshops may charge higher interest rates, which can range from 10% to 20% or more.

c. A 30-year mortgage loan on a $145,000 house:

Mortgage loans are secured by the value of the property and are typically paid back over a longer period of time. The interest rate on a mortgage loan may depend on factors such as the borrower's credit score, the amount of the down payment, and current market conditions. The interest rate on a 30-year mortgage may range from 3% to 5% or more.

d. A 24-month $12,000 commercial bank loan to finance the purchase of an automobile:

Commercial bank loans are typically used to finance specific purchases, such as a car or a home. The interest rate on a bank loan may depend on factors such as the borrower's credit score, the amount of collateral offered, and the length of the loan. The interest rate on a 24-month bank loan may range from 5% to 10% or more.

e. A 60-day $100 loan from a personal finance company:

Personal finance companies may offer short-term, unsecured loans for small amounts of money. Because of the higher risk of default and the operating costs of the lender, interest rates on these types of loans may be very high, ranging from 20% to 50% or more.

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During or after the super bowl companies are promoting their brand / products / services leading up to promoting campaigns online or launching entirely on social media platforms.

You may be asking yourself: "Should our brand lean toward comedic relief messaging, or should we recognize the state of the world in a more serious tone?" whether you're planning an advertisement for the Super Bowl or promoting a pertinent online campaign.

In the past, American advertisers have faced many difficult decisions regarding the tone of their Super Bowl marketing efforts. After the September 11 attacks, businesses found it difficult to decide what to say in the lead-up to the tournament in 2001. Most consumers anticipated that brands would air somber patriotic advertisements, but eventually, the majority of advertisers chose to be humorous.

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We are able to determine if a particular entity is a variable interest entity if it lacks power to be able to direct activities, have non-substantive right to vote, do not have right to have residual returns and no obligation to absorb expected losses.

One of most crucial steps in applying the variable interest entity model is to assess whether a particular entity is a variable interest entity. The basic overall objective is to be able to identify the entities for which the voting interests are not going to be effective to determine which party basically has the control in financial interest.

The variable interest entity basically lacks the power which is required to direct the activities which most significantly impact the economic performance of the entity. It has some non-substantive voting rights. It does not have the obligation to basically absorb the expected losses of entity and also lacks the right to be able to receive the entity's expected residual returns.

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The answers "a CD, a concert, and a souvenir T-shirt" reflects (in this order) a good, a service, and an idea that can be marketed according to the marketing orientation. The correct option is A.

The marketing orientation is the strategic method that focus on the identifying the consumers expectation, needs and their desires in order to summarize the new products to be developed.

The marketing orientation have the five marketing orientation is production marketing orientation, product orientation, sales orientation, societal orientation and the market orientation.

The four stage of marketing orientation is initiation, reconstitution, institutionalization and maintenance.

The question is incomplete, the complete question is here:

Which answer reflects (in this order) a good, a service, and an idea that can be marketed?

a. a CD, a concert, and a souvenir T-shirt

b. a souvenir T-shirt, a CD and a concert

c. a concert, a souvenir T-shirt, and a CD

d. None of these

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The correct answer is c. Industrial competitiveness best describes a company's ability to provide products and services more effectively and efficiently than competitors.

Industrial competition refers to the ability of a firm or an industry to produce goods or services at a lower cost or higher quality than its competitors. It is a key factor in determining the success of a firm or an industry in the market.

In economics, industrial competitiveness is often determined by the market structure, technology, and production efficiency of a firm or an industry. A firm or an industry that is highly competitive is able to produce goods or services that are more efficient and cost-effective than its competitors. This, in turn, leads to a higher market share, profitability, and economic growth.

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A tangible good is categorized as nondurable if it is predicted to survive for two years before wearing out.

By multiplying the quantity output for the current year by the current market price, nominal GDP is calculated.

To gauge how quickly the economy is expanding, economists employ a wide range of techniques. Real gross domestic product, or real GDP, is the most typical economic indicator. GDP is the sum of all the commodities and services produced in our economy.

For analytical purposes, the World Bank divides economies into four income categories: low, lower-middle, upper-middle, and high income.

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b) All of the following factors, with the exception of the capacity to forget about the issue once it has been resolved, should be taken into account when selecting the optimal solution for a business problem.

The largest obstacle to solving problems in businesses is that the proprietors and entrepreneurs are either unaware of the underlying problems or unwilling to acknowledge that a problem exists in their company.

Sometimes the difficulties are built into the structure of the business model, which hides them so that management does not recognize the severity of the issue or does not label the circumstance as a problem. It is comparable to a patient who has a problem that they don't recognize or ignore until it becomes a health crisis. Business concerns change with time, and as a company expands, so do the problems themselves.

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The market structure has all conditions of pure competition except for identical products known as monopolistic competition. In monopolistic competition, there are many little firms on the lookout, and each firm has a little piece of the pie.

The items sold by these organizations are not indistinguishable, yet they are close substitutes for one another. This implies that purchasers see a few distinctions in the items, like marking, bundling, quality, or highlights, and will follow through on marginally various costs for them.In monopolistic rivalry, firms have some level of market power, meaning they can impact the cost of their items somewhat. Nonetheless, this market power is restricted on the grounds that there are numerous different firms offering comparative items. Firms in monopolistic contests likewise face low hindrances to section, and that implies new firms can enter the market effectively on the off chance that they see a chance to make a profit. Examples of ventures that show monopolistic competition incorporate eateries, clothing stores, and beauty parlours. These enterprises have many little firms that offer comparative items, however, each firm attempts to separate its items through promoting, publicizing, or item plan.

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Complete Question - market structure having all conditions of pure competition except for identical products ___________.

If the company uses Porter's cost leadership strategy, marketing and sales should emphasize (d) the good value of the company's products.

Porter's cost leadership strategy is focused on achieving the lowest possible cost of production in order to offer products at a lower price point than competitors. This means that the company is striving to be the low-cost producer in its industry.

Therefore, marketing and sales efforts should emphasize the value proposition that the company's products offer to customers in terms of their low price point while still meeting basic customer needs. Marketing and sales can highlight the cost savings that customers can achieve by choosing the company's products and why they are a better value compared to competitors.

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Managers who both win and lose bids that they expected to lose are signs that a product cost system needs to be revised. As a result, (C) is accurate.

Production costs relate to all of the direct and indirect costs businesses spend when creating a product or providing a service. Production costs may involve a variety of expenses, such as labor, raw materials, consumable manufacturing supplies, and general overhead.

Production costs are the costs a company incurs when creating a product or providing a service that generates revenue for the company.

Production costs may involve a variety of expenses, such as labor, raw materials, consumable manufacturing supplies, and general overhead.

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In the allowance method, the effects on the accounting equation when a company writes off a bad debt  no effect on overall assets. Thus option (b) is correct.

Assets are resources owned by an individual, company, or organization that have economic value and can be used to generate income or provide some other financial benefit.

Assets can be used to generate income in a variety of ways, such as by renting out a property, selling a financial investment for a profit, or using intellectual property to create and sell products.

When a company writes off a bad debt  on the accounting equation then it creates  no effect on overall assets, in  the allowance method.

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TRUE: Questions pertaining to marketing, communication, finances, human resources, and policy are of interest to sport management researchers.

Sport analysis is the management and application of all individuals, groups, corporations, and organisations engaged in the creation, facilitation, promotion, and management of any sport-related enterprise or event.

Thus, questions pertaining to marketing, communication, finances, human resources, and policy are of interest to sport management researchers.

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The term used for such conditions is Oligopoly. A market structure with a few sellers dominate the entire market and can enhance the prices in the industry.

This is a market situation where markets are dominated by a few sellers or suppliers. An Oligopoly market system can be competitive but mostly there's a low level of competition. The sellers have the ability to sell the goods completely recovering their original costs, but also a high potential to receive big profits. The prices in such a market structure are competitive, with high demand and supply rates fully controlled by the oligopoly masters. The limited no. of firms however makes it easier for the consumers to compare and choose from.

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When the desired shade is reached, the lightener should be removed with B. warm water.

End papers used in wrapping should be C. non-porous.

Warm water will help to rinse away the lightener and any remaining product residue without damaging the hair or scalp.

Non-porous end papers are designed to prevent hair color or lightener from bleeding through and staining the surrounding hair, while also helping to keep the hair in place during the wrapping process. Porous end papers, on the other hand, may allow product to seep through and can create an uneven or patchy color result. The end papers should be dry and not wet with neutralizer or any other product.

Therefore the correct options are B,C.

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Applied to ethics that focuses on real-world situations and the context and environment in which transactions occur is called business ethics. The correct option is a.

Business ethics refers to implementing appropriate business policies and practices about arguably controversial subjects. Some issues that come up in a discussion of ethics include corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities. The law usually sets the tone for business ethics, providing a basic guideline that businesses can choose to follow to gain public approval.

Business ethics ensure that a certain basic level of trust exists between consumers and various forms of market participants with businesses.

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A high-rise office building consists of more than 20 stories.

A skyscraper is a large, continually inhabited structure with several levels. There is no recognized definition of a skyscraper in modern times, however, most sources state that they must be at least 100 or 150 meters tall. Skyscrapers are extremely tall high-rise structures. When these kinds of structures initially started to be built in the 1880s, the term historically first applied to structures of between 10 and 20 stories.  Offices, hotels, homes, and shops can all be found in skyscrapers. A steel frame that supports curtain walls is one characteristic of skyscrapers. Instead of resting on load-bearing walls like in traditional construction, these curtain walls either bear on the framework below or are suspended from the framework above. The steel frames of some early skyscrapers allow for the creation of load-bearing walls that are taller than those made of reinforced concrete.

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When calculating a firm's profit, an economist will typically subtract only the explicit costs from the total revenue earned by the firm.

Explicit costs are the actual monetary payments made by a firm to acquire the resources it needs to operate, such as wages, rent, and utilities.

Explicit costs are easily quantifiable, and they represent actual out-of-pocket expenses that can be deducted from the firm's total revenue to arrive at its profit. For example, if a firm earns $100,000 in revenue but pays $70,000 in wages, rent, and other explicit costs, its profit would be $30,000.

In contrast, implicit costs, which are the opportunity costs of the resources the firm could have used elsewhere, are not usually factored in when calculating a firm's profit. Implicit costs can be more difficult to quantify, and they are not reflected in the firm's accounting records. However, they can still have an impact on the firm's profitability and long-term success.

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Option D is correct. In planning, a tends to mean chain is used to show how goals are linked across an organization.

A tends to mean chain is a strategic marketing idea that demonstrates how a consumer's objectives are linked to the item or service that is being provided. It depicts the logical relationships among the different phases of an user's decision-making process, from problem identification to final outcome. The tends to mean sequence is used to create successful methods of communication that appeal to an user's unique set of principles, needs, and desires, eventually leading to the preferred result of the consumer buying the good or service in question. As a result, it demonstrates how goals are linked across an organization, as well as how the firm's products or services can meet the needs and desires of the its target customers.

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Complete Question-

A means-end chain is used in planning to show _____.

A. the measurable result of a decision

B. how product will be delivered to the end consumer

C. the level of competition within an industry

D. how goals are connected across an organization

As of 2022, China is the top exporter globally. According to data from the World Trade Organization, China's exports totaled $2.7 trillion in 2020, which was more than double the second-largest exporter, the United States, with $1.4 trillion.

China's export industry has grown significantly over the past few decades, and the country has become a major player in global trade. The country's manufacturing industry, which produces a wide range of goods, from electronics to textiles, has been a driving force behind its exports.

Additionally, China's strategic investments in infrastructure and logistics have helped facilitate the transportation and distribution of goods to markets around the world. Despite various trade tensions with other countries, China's exports continue to be a significant contributor to its economy and the global market.

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Marketing organizations that want to sustain their revenues should engage in new product development as products usually pass through a life cycle that culminates in the product's demise.

Introduction, growth, maturity, and decline make up a product's life cycle. Sales are low during the debut phase as the market is still unfamiliar with the product. Sales rise quickly during growth as the product becomes more popular with consumers. Sales growth slows during the mature period as the market becomes saturated, and the product may see escalating competition from similar products. Finally, as the product ages, becomes obsolete, or is replaced by newer products, sales start to drop during the decline stage.

When a product advances through the stages of the product life cycle, it will eventually experience falling sales. To maintain revenue over the long run, it is crucial to engage in new product development. Organizations can expand into new areas, replace items that are losing market share, and keep one step ahead of rivals by launching new products. Additionally, new product development might present chances for expansion and innovation, enabling businesses to stand out from the competition and grow their market share recognition.

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The business processes that make up the primary activities in a value chain are Inbound logistics , operations , outbound logistics , service , marketing and sales .

⇒ The Inbound Logistics is the process of receiving, storing, and distributing inputs, such as raw materials, parts, and supplies, that are used in the production process.

⇒ The Operations is the process of transforming inputs into finished products or services. This can include activities such as manufacturing, assembling, or providing services.

⇒ The Outbound Logistics is the process of storing and distributing finished products to customers or distribution centers.

⇒ The Marketing and Sales is the process of promoting and selling products or services to customers.

⇒ Service : The process of providing after-sales support, such as installation, repair, and maintenance, to customers.

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Public goods are those goods that are non-excludable and non-rivalrous in consumption, meaning that they are available to all individuals and one individual's consumption of the good does not reduce the availability of the good for others. Here option C is the correct answer.

Because of the unique characteristics of public goods, their production and consumption are not guided by the same principles as private goods.

In the case of public goods, the optimal level of production occurs where the marginal cost (MC) of producing an additional unit of the good is equal to the marginal benefit (MB) received by society from consuming that unit. In other words, the socially efficient level of production occurs where MC=MB.

Among the options provided, option (b) is incorrect because it does not consider the marginal benefit of the public good. Option (a) is incorrect because it assumes that the price of the good is based on an individual's willingness to pay, which is not relevant for public goods. Option (d) is also incorrect because it assumes that the marginal benefits of individual consumers can be added up to determine the social benefit, which is not true for public goods.

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Answer:

D.

Explanation:

0 = 1,000

1 = 1,050

2 = 1,103

3 = 1,158

4 = 1,216

5 = 1,276

6 = 1,340

7 = 1,407

8 = 1,477

9 = 1,551

10 = 1,629

11 = 1,710

12 = 1,796

13 = 1,886

14 = 1,980

15 = 2,079

True. A solution is defined as an answer to a problem or challenge. In a business context, a solution typically refers to a product or service that is designed to address a customer's specific needs or challenges.

For a solution to be effective, it must be mutually shared between the customer and the business providing the solution. This means that both parties must have a clear understanding of the problem that needs to be solved and agree on the best course of action to address it.

Additionally, the solution must be tailored to the customer's specific needs and must provide value by effectively solving the problem. If the solution does not meet the customer's needs or expectations, it is not truly a solution.

Therefore, it is important for businesses to work closely with their customers to identify their challenges and needs and to develop solutions that are mutually beneficial. This can help to build stronger customer relationships and increase customer loyalty.

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In a market system, what is produced is determined by the interaction of several groups of individuals and organizations, including companies, consumers, and distributors. Correct option is D.

Firstly, companies decide what to produce based on their assessment of consumer demand and their own production capabilities. They consider factors such as market trends, competitor offerings, and their own expertise and resources to determine what products or services to offer.

Secondly, consumers have a significant influence on what is produced in a market system. They express their preferences and needs through their purchasing decisions, and companies respond by producing goods and services that meet their demands.

Consumer feedback and reviews also help companies to improve their offerings and develop new products.

Finally, distributors play a crucial role in the market system by facilitating the flow of goods and services between producers and consumers. They help to determine what products are available to consumers by selecting which products to stock and distribute.

In conclusion, what is produced in a market system is the result of the interaction between companies, consumers, and distributors. Companies assess demand and produce goods and services that meet consumer needs, while consumers express their preferences through their purchasing decisions.

Distributors help to facilitate this process by connecting producers with consumers. Ultimately, the market system operates through the interplay of these groups, with each contributing to the determination of what is produced. So, the correct option is D (all of the above).

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Complete question is:

What individuals /groups decide what is produced in a market system

A. Company

B. Consumers

C. Distributors

D. All of the above.

The influence of economists on trade policy is considerable, and they offer a compelling case for free trade and the elimination of trade obstacles.

Although trade liberalisation is the goal of a trade agreement, domestic and international political realities have a significant impact on the contents. Since David Ricardo first outlined the law of comparative advantage, the world has undergone significant change. As a result, economists have recently updated their theories to take into account trade in production factors like labour and capital, the expansion of supply chains that now account for a large portion of global trade, and the success of neomercantilist nations in achieving rapid growth. But, since Adam Smith's time, economic theory has changed significantly, and it has changed quickly.

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