Laissez-faire capitalism is considered to be pure capitalism where government is essentially limited to protecting private property and establishing a legal environment for enforcing contracts and market activity.
What is Laissez-faire capitalism?Laissez-faire capitalism an economic philosophy anchored on free-market capitalism that opposes government intervention.
Laissez-faire capitalism posits that there is a greater likelihood of economic prosperity when the government is less involved in business.
In other words, it encourages business to be run and maintained by private investors other than the government.
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Hyper-Tech Enterprises manufactures mechanical parts used in air conditioning and heating units.The company employs over 300 workers at its Alabama facility.None of the Hyper-Tech employees belongs to a union; however,management believes that unionization is in the near future.A representative of a local union has recently visited Hyper-Tech in an attempt to solicit members and have them sign authorization cards.Enough eligible employees have signed authorization cards to petition the NLRB for an election.Hyper-Tech's top executives are considering fighting the unionization efforts. Which of the following,if TRUE,best supports the argument that Hyper-Tech should contest the union's right to an election?
A) Hyper-Tech managers will soon be conducting annual employee performance appraisals and determining what salary adjustments to make.
B) Managers believe that they may have inadvertently hired union salts, who most likely instigated the unionization movement at Hyper-Tech.
C) Hyper-Tech management believes that if employees are provided with additional information from the firm, they will revoke their authorization cards.
D) The process outlined at Hyper-Tech for filing employee grievances differs from the grievance procedures at other firms in the same industry.
Hyper-Tech's top executives are considering fighting the unionization efforts. The statement which if TRUE, best supports the argument that Hyper-Tech should contest the union's right to an election is
D) The process outlined at Hyper-Tech for filing employee grievances differs from the grievance procedures at other firms in the same industryHyper-TechIt was founded in 2008. The company's line of business includes providing various business services.
In conclusion, we can conclude that the correct answer is as given above.
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Managers and subordinates jointly setting subordinate objectives is the _____ step in management by objectives.
Answer:
first
Explanation:
If three sandwiches and two bags of chips cost $22. 00, and two sandwiches and one bag of chips cost $14. 25, how much does a bag of chips cost?.
A bag of chips will cost $1.25. The price is calculated by making linear equations in two variables and solving them by substitution method.
What is a linear equation in two variables?Linear equation in two variables can be defined as an equation in the form:
[tex]\rm ax + by = c[/tex] , where x and y are variables and a and b are not equal to 0.
For the given problem, let "s" be the cost of a sandwich and "c" be the cost of a chips bag.
Given:
The cost of three sandwiches and two chips bags is $22.00.
Therefore, the 1st equation will be:
[tex]\rm 3s +2c = 22[/tex]
The cost of two sandwiches and one chips bag is $14.25.
Therefore, the 2nd equation will be:
[tex]\rm 2s + c = 14.25[/tex]
To calculate the cost of a chips bag, we need to solve equation 1 and equation 2 by the substitution method.
From equation 2, the value of c will be:
[tex]\begin{aligned}\rm 2s + c &= 14.25\\\\c &= 14.25 - 2s\end[/tex] ... (3)
Now we will put [tex]\rm c = 14.25 - 2s[/tex] in equation 1:
[tex]\begin{aligned} \rm 3s + 2c &= 22\\\\3s + 2(14.25 - 2s) &= 22\\\\3s + 28.50 - 4s &= 22\\\\-s + 28.50 &= 22\\\\s &= 28.50 - 22\\\\s &= \$6.50\end[/tex]
On substituting the value of s in equation 3:
[tex]\rm c = 14.25 - 2s \\\\c = 14.25 - 2(6.50)\\\\c = 14.25 - 13\\\\c = \$1.25[/tex]
Therefore the cost of a bag of chips is $1.25.
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Bachelor’s degrees are typically earned in _____.
a.
1-2 years
b.
2-3 years
c.
3-4 years
d.
4-5 years
Answer:
A bachelor degree is typically earned between 3 and 4 years. Many schools require students to complete about 40 courses or 120 credit hours.
Answer:
D. 4-5 years
Explanation:
A typical Bachelor's degree usually takes at least 4 years to earn.
If an employee is seeking redress under the eeo compliant process, within how many calendar days must he or she contact an eeo counselor in person, by phone or in writing?.
People often make different kinds of complaints. It takes 90 days before a person can redress an EEO complaint.
Why the redress of an EEO complaintThe agency is known to issue a final decision on the individual claim for relief in the time of about 90 days of filing. Here, the decision can be appealed to EEOC's OFO.
An aggrieved individual or DOL employee will have to contact and EEO Counselor within 45 calendar days of any kind of discriminatory action of the effective date of said action.
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I need some help on this please. Question is down below.
What is meant by the free-trade doctrine? describe the advantages to businesses and explain with a current example.
Answer:
look it up on. line and u will get your help
True or false: Once you are signed up for overdraft protection, you cannot opt out.
There are different kinds of draft. Once you are signed up for overdraft protection, you cannot opt out is a false statement.
Can one opt out of overdraft protection?When a person have already signed up for overdraft protection, The person can contact the bank so as to opt out.
Here, Your debit card will be rejected once you exceed your balance, but you will not be able to be hit with overdraft fees.
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clarissa earned 8$ for working 3 hours. how many hours will she have to work to earn 16$
If a(n) _______ exists, consumers who are unhappy about not being able to purchase the products or services they want will tend to bid the prices higher, moving the market toward equilibrium.
Some goods are not readily available at the market, If a shortage exists, consumers are unhappy.
What is market shortage?Shortage occurs when the demand for a product or service exceeds the available supply. This can make the consumer go for alternatives or buy at a higher price.
Therefore, If a shortage exists, consumers who are unhappy about not being able to purchase the products or services they want will tend to bid the prices higher, moving the market toward equilibrium.
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What kind of value chain can be described as purchases being made by the retailer from the manufacturer and then the retailer selling the products to the customer?Manufacturer to retailer to consumerManufacturer to wholesaler to consumerIndustrial to consumer to retailerCreator to manufacturer to wholesaler
Answer: A. Manufacturer to retailer to consumer
Explanation is in the image.
The value chain that can be described as purchases being made by the retailer from the manufacturer and then the retailer selling the products to the customer is the manufacturer to retailer to consumer. The correct option is a.
What is a value chain?A value chain is a concept that describes every step of a company's operations in the development of a good or service, from the acquisition of raw materials through the final delivery to the customer.
All the business processes that are involved in producing a product from beginning to end are referred to as a value chain.
Businesses can identify areas where costs can be cut by using a value chain analysis, which provides them with a visual representation of these operations.
Therefore, the correct option is a. manufacturer to retailer to consumer.
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#SPJ5
• define the market process, the command process, and the traditional process. How does each process deal with the basic questions of what, how, and for whom?.
Answer:
Set Objectives. Start with setting marketing objectives. ...
Do Your Research. The market research you do will drive the decisions you make when deciding upon your marketing strategy. ...
Make Decisions. ...
Write It Down. ...
Summary.
During the _____ stage of the business cycle, high unemployment begins to decline and the total disposable income of consumers increases.
Answer: I'm pretty sure the answer is recovery
Explanation:
because the cycle goes Prosperity, recession, depression, recovery
The area of accounting concerned with providing internal users with information is called.
Management accounting is an area of accounting known for providing information to internal users.
What is management accounting?Management Accounting is an area of accounting that refers to providing information to support internal management decisions. This accounting assist managers identify problem areas in budgeting and then develop a different plan to addressing those problems.
The role of management accounting includes:
Monitoring costsConduct auditsIdentify past trends and predict future needs.Therefore, the area of accounting concerned with providing internal users with information is known as management accounting.
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Juan is interested in becoming a machinist, but he is worried about finding a
job at a manufacturer. Which of the following statements is the most
accurate response to his concerns?
A. In our global economy, most job growth will be in services, but
manufacturing jobs will exist, too.
B. In our global economy, machinist jobs no longer exist.
c. In our global economy, the only jobs available will be service jobs.
D. In our global economy, most available jobs will be in
manufacturing, but service jobs will exist, too.
Answer:
the answer is A. In our global economy, most job growth will be in services, but manufacturing jobs will exist, too.
Explanation:
Answer:
In our global economy, most job growth will be in services, but
manufacturing jobs will exist, too.
Explanation:
Idriss, a registered nurse, operates a home health care service to assist with the medical, meal preparation, and light housecleaning needs of older adults. When idriss makes strategic plans for his business to deal with an expected decline in the number of older people in the population, he is paying attention to the ________ environment.
Since idriss makes plans to deal with an expected decline in the number of older people in the population, he is paying attention to the general environment.
What is general environment?General environment entails the overall resident of a specific area.
In conclusion, he is paying attention to the general environment because he makes plans to deal with an expected decline in the number of older people in the population.
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When your influence as a manager is multiplied far beyond the results that can be achieved by just one person acting alone, you are thought to have
The multiplier effect is when your influence is more than that of an individual acting alone.
What is the multiplier effect
This is used to refer to a situation whereby a person is known to have spill over effects.
When a person is abled to achieve more than 1 person acting alone it shows that they are able to raise output.
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An interviewer describes a scenario that is likely to occur on the job and asks candidates how they would respond. This is called a(n)
Answer: situational
Explanation:
A situational interview is a structured interview in which the interviewer describes a situation likely to arise on the job and asks the candidate how he or she would handle the situation.
Two businesses—berry farms llc and canned jams inc. —dispute the quality of goods delivered by the seller and the price agreed to by the buyer. With regard to this dispute, the two parties can:.
With regards to solving the disputes between the two businesses, they can use any of the choices given.
Solving a dispute between businessesThey can go to court for litigation and let the law mediate. They can settle it themselves.They can use arbitration or some alternate method.Business disputes can be solved in several ways depending on the level of seriousness and the amount at risk. If this amount is high then litigation is the general route taken.
In conclusion, option C is correct.
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You have data for regions, products, and customers. Which option on a pivot table will you find in the fields list?.
The option on a pivot table is the Analyze option where one can find the Fields list.
Analyse optionA pivot tableIt is a table of grouped values that aggregates the individual items of a more extensive table within one or more discrete categories. This summary might include sums, averages, or other statistics, which the pivot table groups together using a chosen aggregation function applied to the grouped values.
Therefore, the answer is an analyze option.
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In a supply chain, _____ involve the transformation, movement, and storage of supplies and raw materials.
Answer:
Physical Flows
Explanation:
In a supply chain, Physical Flows involve the transformation, movement, and storage of supplies and raw materials.
Kubin company’s relevant range of production is 16,000 to 24,500 units. When it produces and sells 20,250 units, its average costs per unit are as follows:.
Based on the details given, the following are true:
1. Incremental manufacturing cost = $14.602. Incremental cost = $17.50Incremental manufacturing cost if production increased from 20,250 to 20,251The fixed cost will not change as the production amount is still below 24,500 units. Incremental manufacturing cost will therefore be:
= Direct material + Direct labor + Variable overhead
= 7.70 + 4.70 + 2.20
= $14.60
Incremental cost for increased from 20,250 to 20,251This will include all costs that are not fixed.
= Incremental manufacturing cost + Sales commissions + Variable admin expense
= 14.60 + 1.70 + 1.20
= $17.50
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Having a(n) means the amount of your liabilities is larger than the value of your assets.
Having a negative net worth means the amount of liabilities is larger than assets.
What is net worth?Net worth is the amount by which assets exceed liabilities. In other words, net worth shows the difference between what is owned by one and what one owe.
If the assets exceed liabilities, then it is a positive net worth. Also, if the liabilities are greater than the assets, it is a negative net worth. Net worth would be the amount of cash you would have if you were to sell all of your personal belongings and pay off all the debt
Therefore, having a negative net worth means the amount of one's liabilities is larger than the value of the assets.
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negetive net worth................
According to the ________, in an economy that produces more goods and services than can be consumed, advertising keeps consumers informed of their alternatives and allows companies to compete more effectively for consumer dollars.
Answer:
Abundance PrincipleExplanation:
The abundance principle states that in an economy that produces more goods and services than can be consumed, advertising keeps consumers informed of their alternatives and allows companies to compete more effectively for consumer dollars
The balanced scorecard was developed to help companies avoid the counterproductive decisions that emerged from too much emphasis on ______________ and ______________ measures.
The balanced scorecard was created to address unproductive decisions that resulted from short-term and financially oriented measures.
What is a balanced scorecard?A balanced scorecard can be defined as the strategic management performance indicator utilized to discover and enhance various internal business operations and the external consequences that flow from them.
Organizations make use of a balance scorecard to measure and offer feedback in business operations.Therefore, we can conclude that the balanced scorecard was developed to help companies avoid the counterproductive decisions that emerged from too much emphasis on short-term and financially orientated measures.
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North American Van Lines and Allied Van Lines combined in a _____ merger that will create the world's largest moving company. Prior to the merger, North American was the leading company in moving high-end merchandise such as computer and hospital equipment, while Allied specialized in households.
Based on the type of customers that both companies served, this is a horizontal merger.
What is a horizontal merger?This refers to a situation where companies in the same industry but with different market targets combine. This is often done to increase market share and efficiency.North American Van Lines and Allied Van Lines targeted different customers so when they merged, this was a horizontal merger.
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What is the purpose of the accumulated depreciation account?.
Answer:
It represents the depreciation expense charged for the company from the year in which the asset was put to use
McGown Corp has the following information: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory $ 20,000 $ 30,000 Work in Process Inventory $ 15,000 $ 18,000 Finished Goods Inventory $ 30,000 $ 20,000 Additional information for the year is as follows: Raw materials purchases $ 100,000 Direct labor $ 75,000 Manufacturing overhead applied $ 80,000 Indirect materials $ 0 Compute the direct materials used in production.
The direct materials used in production is $90,000.
What is direct materials?In accounting, a direct material refers to materials that are used during the manufacturing of a product,
Direct material used = Raw materials purchases + Beginning raw material inventory - Ending raw material inventory
Direct material used = $100,000 + $20,000 - $30,000
Direct material used = $90,000
In conclusion, the direct materials used in production is $90,000.
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Which stage of the consulting process describes when the consultant and client come to an agreement on what work will be accomplished
It is at the contract stage of the consulting process that the consultant and client come to an agreement on what work will be performed, which corresponds to a formal agreement on whether to proceed with the work.
Contract featuresCorresponds to a legal document that establishes the consensual will of two or more parties on a given situation or object, where all the rights and obligations of both parties are exposed.
Therefore, to be a valid contract, it must contain an offer, consideration, legal relationships between the parties involved, which must be in full contractual capacity and in accordance with legality.
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A country has a comparative advantage in producing a good if:.
Answer:
it can produce that good at a lower opportunity cost relative to another country.
