"When demand for goods and services becomes greater than supply, it results in demand-pull inflation."
Demand-pull inflation occurs when the demand for goods and services in an economy increases at a faster rate than the economy's ability to produce them. As a result, prices of goods and services rise as buyers compete for the limited supply of goods and services available in the market. This increase in prices leads to inflation, which can be detrimental to an economy in the long run as it erodes the purchasing power of consumers and reduces the competitiveness of businesses.
In order to combat demand-pull inflation, policymakers may implement measures to increase the supply of goods and services, such as increasing production capacity or encouraging investment in new technologies, to help balance supply and demand.
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if a factory produces 100 tv sets per year, each tv will be quite expensive to make. however, if a factory produces 20,000 tv sets each year, then it can set up an assembly line with huge machines and workers performing specialized tasks, and the average cost of production per tv will be lower. what is this an example of
An assembly line with large machines and personnel performing specialized tasks can be built up in a facility that produces 20,000 TV sets annually, lowering the average cost of manufacturing per TV. The economy of scale is demonstrated here.
What exactly are scale economies?The term "economies of scale" in microeconomics refers to the cost advantages that organizations have as a result of their size. These cost advantages are frequently measured by the volume of work produced in a specific amount of time. A decrease in the cost per unit of output enables scaled growth.
Technical, statistical, organizational, or related elements, which serve as the foundation for economies of scale, may have an impact on the level of market control. This is merely an overview of the concept. At different levels, such as production, facility, or an entire enterprise, economies of scale are applicable in a variety of organizational and business settings. When average costs start to fall as output rises, economies of scale occur.
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ASP Corporation was organized on January 2, Year 3, with 100,000 authorized shares of $10 par value common stock.
During Year 3 ASP had the following capital transactions:
January 5—issued 75,000 shares at $14 per share.
December 27—purchased 5,000 shares at $11 per share.
ASP used the par value method to record the purchase of the treasury shares. What would be the balance in the paid-in capital from treasury stock account at December 31, Year 3?
Year 3's December 31 would result in a balance of $20,000 [(($11-$10) x 5,000 shares) - $5,000] in the paid-in capital from treasury stock account.
ASP Corporation issued 75,000 shares of common stock in total in Year 3 at a price of $14 per share, for a total capitalization of $1,050,000. Later on in the year, the business bought back 5,000 shares of common stock for $11 each, bringing the total amount of treasury stock to $55,000.
The difference between the price of the buyback and the par value of the common stock, multiplied by the quantity of treasury shares, is used to compute the paid-in capital from treasury stock account. As a result, at the end of Year 3, the balance in the treasury stock account would be $20,000 [(($11-$10) x 5,000 shares) - $5,000].
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one way to mitigate agency problems is to include shares of company stock in executive compensation packages. True/False?
The given statement, "one way to mitigate agency problems is to include shares of company stock in executive compensation packages," is true because this will maximize the long run value of the company's stock price.
Executive compensation is the designing of the remuneration packages for the business leaders, senior management and executive-level employees of a company. These packages cover both financial as well as non-financial benefits.
Stocks are the total shares into which the ownership of the companies is divided. The stockholders have the power to claim their share of company's earnings and assets based upon their shares. Stockholders in a way are the partial owners of the company.
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The success of sports marketing does not depend upon ______.
The success of sports marketing does not depend on any single factor, instead, it is the result of a combination of various factors.
Here are some of the key factors that contribute to the success of sports marketing to understand the target audience: The success of sports marketing depends on understanding the demographics and psychographics of the target audience. Marketers must identify the interests, behaviors, and attitudes of the target audience to develop targeted marketing campaigns.
Strong branding: Sports marketing success also depends on strong branding. This includes developing a unique brand identity, establishing a brand voice, and creating a brand personality that resonates with the target audience.
Engaging content: Engaging and relevant content is also important for sports marketing success. This may include highlights of games, player interviews, behind-the-scenes footage, and other content that is relevant to the target audience.
Sponsorship and partnerships: Partnerships with other brands and sponsorships can help increase the reach and visibility of sports marketing efforts. This also helps create a positive association between the brand and the sports team or athlete.
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What is the Yellow Label?
YellowLabel is an app that promotes and allows users to purchase discounted items, preventing supermarket food waste.
Purchasing is the act of acquiring goods or services in exchange for money or other forms of payment. The process of purchasing involves several steps, including identifying the need for a product or service, researching options, evaluating prices and quality, negotiating terms, and completing the transaction. In a business context, purchasing is often carried out by procurement departments, who are responsible for sourcing goods and services for the organization. Effective purchasing strategies involve careful planning and analysis, including forecasting demand, identifying potential suppliers, and establishing criteria for evaluating products and services. In addition to traditional purchasing methods, such as in-person transactions or phone orders, e-commerce has made it easier for consumers and business to make purchases online through websites or mobile apps.
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how are cash inflows and outflows related to the company's primary business classified?
The amount of money a company receives (inflows) from its primary business of producing and selling finished goods or rendering services, along with any outflows (such as payments for expenses), is referred to as cash flow from operating activities.
Cash flows from operations also include: sales proceeds in cash. Operating activities, investing activities, and financing activities make up the three categories of cash flows. money-related noncurrent asset activities are included in investing.
The relationship between cash inflows and outflows. Money coming into a business is known as cash inflow, and it may come from sales, investments, or financing. The opposite of a cash outflow is a cash inflow, which is money entering a business.
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Which organizational level of the ecosystem does a pack of wolves represent?
An ecological population is made up of a number of members of a particular species that are present in a particular location at a particular time and are acting as a biotic community. From smallest to largest, they are arranged as follows.
Organism, population, community, and ecosystem. A community is a place that contains two or more populations of various species. For instance, different species of squirrels, deer, rabbits, and other animals can be found living in a forest. The biosphere is made up of various organisms, such as fish, algae, fungi, plants, insects, arachnids, animals, and people.
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the organization for which financial data are to be collected
For data comparison and verification, it is best to reference several websites. Although Gand Bloomberg are the most popular financial data websites, less popular sites like XE, Kitco, and the SEC itself also provide a plethora of information.
You can enter, validate, amend, and submit financial call data using the financial data collection tool. Online notifications for all of your Finance Calls can also be replied to. This tool's purpose is to make it easier for you to submit your financial call data in accordance with the NCCI's Financial Call Reporting Guidebook. In financial accounting, customer, company code, and business area are the three most important organizational data. The client, who represents an organization made up of several enterprises, is at the highest level of the organizational structure. On behalf of each of these businesses
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Business _ are centers that offer businesses in the critical stage of early development low-cost offices and access to basic services such as accounting, legal advice, and secretarial help
Business incubators are centres that offer businesses in the critical stage of early development low-cost offices and access to basic services such as accounting, legal advice, and secretarial help.
What are business incubators?Business incubators are an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services starting with management training and office space and ending with venture capital financing. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development.
NBIA categorizes its members' incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and a combination of the above.
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On November 1, 2022, a company using accrual accounting, pays $900,000 for a television advertising campaign Commercials will run evenly over six months beginning on November 1, 2022. How much Advertising Expense will be reported on an income statement prepared for the year ended December 31, 2023? A. $900,000 B. $600,000C. $450,000D. $300,000
Advertising Expense will be reported on an income statement prepared for the year ended December 31, 2023 is $600,000. So the option B is correct.
On November 1, 2022, a company using accrual accounting, pays $900,000 for a television advertising campaign.
Commercials will run evenly over six months beginning on November 1, 2022.
Advertising Expense 2023 from January 1 to April 31 (that is 4 months) = 900,000/6 × 4
Advertising Expense 2023 from January 1 to April 31 (that is 4 months) = 150,000 × 4
Advertising Expense 2023 from January 1 to April 31 (that is 4 months) = $600,000
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paul krugman characterizes strategic trade policy as being
Paul Krugman characterizes strategic trade policy as being the use of government policies to promote and protect the domestic industries that compete with foreign rivals in order to achieve greater national economic welfare.
This can include measures such as subsidies, tariffs, and quotas, aimed at making domestic firms more competitive in global markets. Krugman argues that strategic trade policy can be effective in certain circumstances, particularly in industries where there are large economies of scale or where strategic trade policies are used in coordination with other countries. Strategic trade policy is a set of government policies that are designed to promote the competitiveness of domestic industries in global markets. The idea behind this policy is to use subsidies, tariffs, and quotas to give domestic firms an advantage over foreign competitors. The goal of strategic trade policy is to increase the country's economic welfare by promoting its domestic industries in the global market.
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Paul Krugman characterizes strategic trade policy as being?
Fill The Blank? a government payment to a business that offsets the cost of production is called ______
A government payment to a business that compensates for production costs is called a subsidy. It is a type of state support provided to businesses in order to reduce production costs.
The primary goal of the subsidies is to help businesses compete in the global economy and create jobs. Subsidies can also be used to encourage businesses to invest in new technologies or research and development. It can also help businesses reduce labor costs by providing tax breaks or other incentives for hiring workers. Subsidies can even be used to help businesses provide access to more affordable health care for their employees. Subsidies are an important tool for governments to help businesses grow and prosper in a rapidly changing economy.
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What is the environmental factor of PESTLE analysis?
The environmental factor in PESTLE analysis refers to the external factors in the broader environment that may impact an organization's operations and strategies. It is sometimes also referred to as the "ecological" or "environmental sustainability" factor.
This factor includes various environmental considerations, such as climate change, pollution, resource depletion, deforestation, and waste management. It also encompasses regulatory requirements and standards related to environmental protection, such as emissions standards, waste disposal regulations, and renewable energy policies.
Organizations must consider the environmental factor in their PESTLE analysis to identify potential risks, opportunities, and trends that may affect their business. This can help them develop strategies to reduce their environmental impact, comply with regulations, and respond to changes in consumer preferences for sustainable products and practices.
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Lee sun's has sales of $3,250, total assets of $2,950, and a profit margin of 4 percent. The firm has a total debt ratio of 40 percent. What is the return on equity
$3,250 x.04 = $130.00 in net income. Total Debt Ratio =.40 = ($2,950 - Overall Equity)/$2,950 Sum of equity is $1,770.00. Return on equity equals $130.00 divided by $1,770.00, or.0734, or 7.34%
Comparing net income with net profitNet profit refers to the cash a firm has left over after all costs have been covered, whereas net income is indeed the entire amount of cash that a business .
What is the salary's net income?A person's total income is the amount they receive after all required deductions, such taxes, have been taken out of their gross salary. This is the overall sum that, following all deductions, is credited to the employee's bank account.
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What are pros and cons of the Toyota’s Dealer Daily system? For the cons please recommend how to improve them?
Toyota's Dealer Daily system is a web-based application used by Toyota dealerships to access a range of tools and resources, including ordering parts, submitting warranty claims, and managing inventory.
Here are some pros and cons of the system, along with recommendations for improvement:
Pros:
Centralized platform: The system allows Toyota dealerships to access a wide range of resources from a centralized platform, making it easier and more efficient to manage their day-to-day operations.Real-time information: The system provides real-time information on inventory levels, pricing, and other key metrics, helping dealerships make more informed decisions.Easy to use: The system is designed to be user-friendly and easy to navigate, making it accessible to a wide range of users.Cons:
Dependence on technology: Because the system is entirely web-based, dealerships are dependent on technology to access it. This can be a problem if the system experiences downtime or if dealerships experience technical issues on their end.Recommendation: Toyota could consider implementing a backup system or contingency plan to ensure that dealerships can access critical resources even in the event of a technical issue.
Limited customization: While the system provides a range of useful tools and resources, some dealerships may find that it doesn't fully meet their unique needs or preferences.Recommendation: Toyota could consider offering more customization options or allowing dealerships to integrate other tools or resources into the platform to better meet their specific needs.
Security concerns: The system contains sensitive information, including customer data, that could be vulnerable to cyberattacks or data breaches.Recommendation: Toyota could enhance the system's security measures, such as implementing two-factor authentication or requiring regular password updates, to better protect against potential security threats.
Overall, Toyota's Dealer Daily system offers a range of benefits for dealerships, but there is also room for improvement in certain areas. By addressing some of the cons and making strategic improvements, Toyota could enhance the system's value and utility for dealerships.
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accrued revenues and expenses will cause differences between the statement of cash flows and the income statement. this statement is : true/false
TRUE: The statement of cash flows as well as the income statement will change due to accrued revenues and expenses.
Explain the impact of accrued revenues and expenses?Revenues and expenses that have already occurred but for which cash and cash equivalents have not yet been exchanged are referred to as accumulated revenues and accrued expenses.
No cash flows were produced because no cash transactions have been transferred. Because no cash or financial equivalents have been exchanged, recorded revenues and costs have no effect on cash flow. The cash flow for the disputed amounts does affect a cash flow statement, it does so through adjustments to accounts payable and receivable rather than actual accruing revenues and expenses. There is no cash received on until interest receivable is paid, and even then, it is only tangentially related to the initial accrued revenue.Thus, the statement of cash flows as well as the income statement will change due to accrued revenues and expenses is a correct statement.
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david purchased a $2,400,000 shopping center at a 4.5ap rate. what is the noi on the building...?
The NOI on the building is $108,000.
NOI stands for "Net Operating Income". It is a financial metric that represents the income generated by an income-producing property after deducting all operating expenses necessary to run and maintain the property, but before deducting any debt service or income taxes.
The formula for calculating NOI is:
NOI = Total Revenue - Total Operating Expenses
Total revenue includes all the income generated by the property. Total operating expenses include all the costs associated with running and maintaining the property. It is also used to calculate other important financial metrics, such as the property's cap rate, cash-on-cash return, and overall return on investment (ROI).
To calculate the NOI (Net Operating Income) on the shopping center, you need to multiply the purchase price by the cap rate (expressed as a decimal).
The formula for calculating the NOI is:
NOI = Purchase price x Cap rate
where:
Purchase price = $2,400,000
Cap rate = 4.5% expressed as a decimal = 0.045
Plugging in the values:
NOI = $2,400,000 x 0.045
NOI = $108,000
Therefore, the NOI on the building is $108,000.
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Which pricing tactic can be referred to as Goldilocks or "just-right" pricing levels? • Cost-based pricing • Value-based pricing • Cost-plus pricing
The pricing tactic that can be referred to as Goldilocks or "just-right" pricing levels is Value-based pricing. Here option B is the correct answer.
Value-based pricing is a strategy that considers the perceived value of the product or service to the customer and sets the price accordingly. It is a pricing method where the price is set based on the value that the customer perceives the product or service offers.
The price should be high enough to make a profit but not so high that it exceeds the perceived value of the customer. The goal of value-based pricing is to maximize the profit margin while still remaining competitive in the market.
This approach is often referred to as the Goldilocks or "just-right" pricing levels because the price is not too high or too low, but rather just right based on the perceived value to the customer.
Complete question:
Which pricing tactic can be referred to as Goldilocks or "just-right" pricing levels?
A - Cost-based pricing
B - Value-based pricing
C - Cost-plus pricing
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what types of information would be included on a credit report?
Your credit report contains a summary of your credit management practises, including payment history and account balances.
A credit report is a detailed breakdown of your credit history produced by a credit bureau. Credit bureaus collect financial information about you and prepare a credit report based on that information. Lenders use that report and other details to determine your creditworthiness.
There are three major credit bureaus in the US.
Equifax, Experian, and TransUnion. Each of these reporting companies collects personal financial information and bill payment habits in order to produce their own credit report. Although most of the information is similar, there are often minor differences between the three reports.
A credit report is a detailed summary of your credit history prepared by a credit bureau.
The report includes personal information, credit line details, public records such as bankruptcies, and a list of companies that have requested access to their credit reports.
The big three credit bureaus (Equifax, Experian, TransUnion) are required to provide free reports every year.
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refer to exhibit 1. if susan devotes 8 working hours in a day, she can produce the following combinations of good x and good y: 0x and 84y, 12x and 56y, 24x and 28y, or 36x and 0y. if mary devotes 8 working hours in a day, she can produce the following combinations of x and y: 0x and 111y, 14x and 74y, 28x and 37y, or 42x and 0y. who has a comparative advantage in the production of good x? group of answer choices
The answer is, there is no comparative advantage between Susan and Mary as both have their deficiencies in production.
What is a simple explanation of comparative advantage?Comparative advantage is the capacity of an economy to produce a particular good or service at a lower opportunity cost than its trading partners. The principle of competitive advantage explains why trade may benefit people, nations, or enterprises.
What are absolute advantage and comparative advantage?Absolute Benefit: The ability of a producer to outproduce a competitor in terms of production of a good or service. When a producer can produce a commodity or service for less money than a rival, this is known as a comparative advantage.
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which of these areas are not typically done within operations and supply chain management?
Operational and supply chain management often do not manufacture these sectors.
Coordination of the many tasks required to create and deliver goods and services to clients is known as supply chain management. Designing, farming, manufacturing, packaging, and shipping are a few examples of supply chain activities.
The four components of the supply chain—integration, operations, purchasing, and distribution—work together to create a path to competitiveness that is both affordable and effective. the three major issues that global supply chains must overcome: a lack of skilled workers, a lack of equipment, and the spillover effects of global bottlenecks. how businesses are coping with the ongoing uncertainty of the environment.
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A landscaping business owner buys a new riding mower for $9,600.00. the owner makes a $1,000 down payment and applies for an $8,600 four-year, 3.5% interest rate installment loan, with monthly payments of $192.26. what is the total cost of the mower?
Total cost includes both fixed and variable costs. The total cost of a mower is 9600 $.
We must sum up the down payment and the entire amount paid over the loan's term to determine the mower's total cost.
Calculate the present value of an annuity by using the following formula.
[tex]\displaystyle{\displaylines{PV = PMT * [(1 - (1 + r) (-n)) / r]}}[/tex]
where,
PV is the present value of the annuity,
PMT is the monthly payment,
r is the monthly interest rate,
n is the total number of payments.
In this case,
The down payment of $1,000, and we have to calculate the total amount paid over four years with monthly payments of $192.26.
The monthly interest rate is :
[tex]\displaystyle{\displaylines{3.5 / 12 = 0.002917}}[/tex]
= 0.002917%
The total number of payments is :
[tex]\displaystyle{\displaylines{4 * 12 = 48}}[/tex].
Putting in the numbers, we get:
[tex]\displaystyle{\displaylines{PV = 192.26 * [(1 - (1 + 0.002917)(-48)) / 0.002917] = $8,600.00}}[/tex]
The total cost of the mower is:
[tex]\displaystyle{\displaylines{$1,000 + $8,600 = 9,600.00}}[/tex]
Therefore, the total cost of a mower is 9600 $
Answer:
9,228.56
Explanation:
Compares after-tax income to the money people spend on a variety of items.answer choicesinterest ratesavings rate
The amount of money, represented as a percentage or ratio, that a person subtracts from their discretionary personal income to save for a nest egg or retirement is known as their savings rate.
Savings rate represents a person's or a group's rate of time preference since, in economic words, saving is a decision to forego some current consumption in favour of higher future consumption. Marginal inclination to save is a factor in the savings rate as well.
The collected funds can be kept in the form of cash or bank deposits, or they can be invested in non-aggressive mutual funds, stocks, bonds, or money market funds. They can also be placed in a personal individual retirement account (IRA).
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FILL IN THE BLANK. herzberg called the factors that create job dissatisfaction ________ factors; when these factors are acceptable, people won't be dissatisfied, but they won't be satisfied either.
The correct option is E. According to Herzberg, when hygiene factors are adequate, people won't be dissatisfied, but they will also not be satisfied.
Herzberg's Two-Factor Theory is a concept in economics that explains the factors that motivate employees at work. According to Herzberg, there are two types of factors that affect employee motivation: hygiene factors and motivators. Hygiene factors are those that relate to the job environment and conditions, such as salary, job security, working conditions, and company policies.
These factors, if inadequate, can cause dissatisfaction among employees but cannot motivate them. Motivators, on the other hand, are those that relate to the job itself, such as recognition, achievement, responsibility, and growth opportunities. These factors are believed to lead to job satisfaction and motivation among employees. Herzberg's theory has been influential in shaping the way employers design jobs and compensate employees, with many companies using it to identify what motivates their employees and make changes to improve their job satisfaction.
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Complete Question:
According to Herzberg, when ________ are adequate, people won't be dissatisfied, but they will also not be satisfied.
A) achievement needs
B) affiliation needs
C) motivational factors
D) power needs
E) hygiene factors
Look at the data under PURCHASE BEHAVIOR. How often do consumers in this segment purchase a backpack?
a. Purchase behavior last quarter - 23%
b. Once every 6 years
c. Once every 3 years
d. Once every year
e. Once every 4 years
By looking at the data under PURCHASE BEHAVIOR, we can see that the consumers in this segment purchase a backpack at a range of purchase every four years. The Option E is correct.
What determines a Consumer purchase interval?We have several factors that can determine a consumer's purchase interval, including:
Product usage: How frequently a product is used or consumed can influence the consumer's purchase interval. If a product is used frequently, the consumer may need to purchase it more often.Product durability: The durability of a product can impact the purchase interval. If a product is durable and lasts a long time, the consumer may not need to purchase it as frequently.Price: The price of a product can also determine the purchase interval. If a product is expensive, the consumer may wait longer before making another purchase.Consumer behavior: Consumer behavior, such as brand loyalty or habit, can also influence the purchase interval. Consumers who are loyal to a particular brand may purchase that brand more frequently, while others may be more open to trying different brands and products etc.Read more about Consumer
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he table contains the characteristics of different types of organizational plans. use your knowledge of organizational plans to answer the questions about the table. characteristic a b c set by board of directors, top management upper, middle management middle, lower-level managers time frame long-range intermediate short-range focus sources of competitive advantage strategic business units departmental activities scope general somewhat specific specific and concrete which column best describes the characteristics associated with strategic plans?
The column that best describes the characteristics associated with strategic plans is column "a" which includes characteristics such as set by board of directors, top management, time frame is long-range, focus on sources of competitive advantage, and scope is general.
What are Strategic plans?Strategic plans are thorough, long-term plans that serve as a road map for the future of a business. They are often created by top-level management to establish the overarching direction and goals for the organization over a period of several years, such as the board of directors or senior executives.
Strategic plans' main objective is to locate and capitalize on sources of competitive advantage in order to accomplish the organization's long-term objectives. The term "competitive advantage" describes the distinctive qualities, resources, or market possibilities that a firm possesses or can create to beat their rivals. In order to determine the most likely sources of competitive advantage, strategic plans often incorporate an examination of the organization's internal strengths and weaknesses as well as external opportunities and threats.
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What is the most common way that duties under a contract are discharged?
breach
frustration of purpose
by performance
by proving undue influence
What is the difference between a material breach and an immaterial breach?
A material breach results in damages to the non-breaching party, while an immaterial breach is minor.
A material breach is one that makes the contract commercially impracticable for the non-breaching party.
A material breach is one that affects more than 50% of the product of the contract.
A material breach is one for which remedies are not spelled out in the contract, while remedies for an immaterial breach are specified.
Which of the following is an equitable remedy for breach of contract?
punitive damages when a seller has repeatedly shipped unsafe goods
an order for specific performance
compensatory damages for having to hire extra help to correct nonconforming goods
payment of the cost of cover for items not delivered on time
What is the difference between legal remedies and equitable remedies for breach of contract?
Legal remedies must be applied by the courts, while equitable remedies can be written into the contract.
Equitable remedies are only available in quasi-contract, while legal remedies are available in all other types of contracts.
Legal remedies are monetary while equitable remedies are non-monetary.
Equitable remedies are monetary, while legal remedies are non-monetary.
LaVon contracts with Nathan for Nathan to sing at her comedy club every Friday night in July. The first Friday, the crowd loved Nathan. The second Friday, they booed him. The next week, Nathan got a better offer, so he hired his twin brother Ethan to fill in for him at LaVon’s club. Can LaVon compel Nathan to perform?
Yes, she can compel him under the equitable remedy of specific performance.
Yes, she can compel him under the theory of quasi-contract because LaVon had relied on Nathan’s promise and she has printed posters and advertisements.
No, she can’t compel him because Nathan has gotten a better offer.
No, she can’t compel him because Ethan is an acceptable substitute for Nathan.
What rights does a third-party beneficiary to a contract hold in regard to that contract? choose 1
The third party has no rights because the third party does not have privity of contract.
The third party has all the rights of the primary parties to the contract.
If the third party is an intended beneficiary of the contract, the third party has the right to sue either the promisor or the promisee.
If the third party is an incidental beneficiary, the third party has the right to become an intended beneficiary.
What remedies are available after an anticipatory repudiation? Choose 3 answers.
canceling all other contracts with the breaching party
cover
requiring assurance
suspending performance
What implied terms do all contracts include? Choose 2 answers.
an implied agreement as to who will pay unexpected costs
an implied covenant of good faith
an implied covenant of fair dealing
an implied agreement to timeliness
Forcing a party to agree to the terms of a contract through the use of threats or blackmail is called:
duress.
usury.
undue influence.
adhesion.
What is the result of a contract in which both parties are wrong about a material fact of the contract?
The contract is voidable.
The contract is enforceable by both parties as both parties assumed the risk in making the contract.
The contract is void.
The contract must be nullified and renegotiated.
What remedies are available in the case of a unilateral mistake in making a contract? Choose 2 answers.
rescission
enforcement
reformation
punitive damages
The most common way that duties under a contract are discharged is through (c) by performance.
Contracts are agreements between two or more parties that establish their obligations and responsibilities towards each other. However, sometimes parties may not be able to fulfill their duties as stated in the contract, which raises the question of how to discharge these duties.
The most common way that duties under a contract are discharged is through performance. This means that both parties fulfill their obligations as outlined in the contract, and the contract is then considered complete.
On the other hand, a breach occurs when one party fails to perform their duties as outlined in the contract.
Another way that duties under a contract can be discharged is through frustration of purpose. This occurs when an unforeseen event makes it impossible for one or both parties to fulfill their obligations.
Finally, undue influence occurs when one party uses their power or influence to coerce the other party into signing a contract. This can happen, for example, if a person in a position of authority pressures an employee to sign a contract that is unfavorable to them.
Therefore, the correct option is (c).
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Complete Question:
What is the most common way that duties under a contract are discharged?
a) breach
b) frustration of purpose
c) by performance
d) by proving undue influence
the janitorial department of antelope county purchased an asset. what is the correct treatment of such a purchase?
In account, the expenditure of copping supplies or particulars during a time period with the intention of reselling them during regular business operations is appertained to as a purchase.
Hence, purchases are a type of expenditure and are included in the income statement's cost of goods vended. The cost of copping raw accoutrements may be included in purchases in manufacturing- related account. While for a retail establishment, copping refers to the accession of finished particulars for resale. Yet, it's pivotal to understand that in account, we must make a distinction between the purchases described over and other deals, similar as those involving the accession of fixed means(e.g. plant, factory and ministry, motor van, land and structure, etc).
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when two or more companies work together to manage their external environment, they are using
A collaborative strategy is a strategy used by two or more organizations to work together to manage an external environment.
The microenvironment consists of factors that directly influence the operation of an organization. The macro environment consists of common factors that an organization typically has no control over.
Examining the relationship between an organization and its environment reveals that her three primary interactions between the two are the exchange of information, resources and influence, and power.
External environment factors are factors outside your organization that affect your business. These often include social and cultural, environmental, political, legal, technical and economic factors.
The macro environment is actually the real environmental factor that most influences the growth and structure of any business.
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the marketing mix element that determines how and where customers will buy a company's product is known as the _____ element. multiple choice question. A. Product B. price C. place D. promotion
The four main components of a marketing strategy are product, pricing, place, and promotion, and together they make up the marketing mix, commonly referred to as the four P's of marketing.
A company can increase its chances of a product being known and purchased by customers by focusing on the four elements of the marketing mix listed below:
Product: What is being offered must meet the needs or desires of the customer.
Price: An item should be sold at a price that is appropriate for what consumers expect, not too high or too low.
Promotion. To fully grasp how the product satisfies the wants or wishes of the public, information regarding the product's features must be made available to the public.
Place. An important factor in maximizing sales is the place where the goods can be purchased.
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