Trade salespeople are the people mentioned herein the trade cycle.
A trade salesman visits merchants and assists them in displaying, advertising, and selling items to customers. Eddy Patterson works in trade sales. Patterson is requesting support from large grocery chains such as HEB for Stubb's Bar-B-Q, a firm that manufactures barbecue sauces, rubs, marinades, and other grilling items. Patterson suggests how Stubb's items should be priced and where they should be presented in the store to increase sales. Patterson also collaborates with his customers' advertising departments to develop successful advertisements and leaflets highlighting Stubb's goods.
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based on the data in the graph, which of the following practice solutions would best promote the sustainability of the orange roughy populations? an increase in subsidies to fishermen that catch orange roughy establishment of quotas on the number of orange roughy caught a decrease in the minimum size limit of fish that can be caught protection of orange roughy predator through legislation
The best practical solution that would best support the sustainability of Hoplostethus atlanticus populations is to set quotas on the number of Hoplostet caught. This solution would help limit the amount of Hoplostethus caught and help ensure that the stock is not overfished.
In addition, it would help create a sustainable fishing industry and ensure that fishermen do not overexploit the stock. Finally, protecting Hoplostethus predators through legislation could help reduce the amount of Hoplostethus species harvested by helping to keep their natural predators in balance. This could help reduce the amount of Hoplostethus species being culled, allowing the population to remain sustainable.
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contingent worker business that carries out activities that are consumed by its customers. intermediaries one who has no explicit or implicit contract for long-term work. service business businesses involved in selling the goods and services of producers to consumers and other businesses.
All the given statements (A), (B), and (C) about the contingent work are TRUE.
What is contingent work?Labor that is contingent, casual, or contract-based is seen as temporary employment because it often involves part-time work with fluctuating hours and offers little job security.
Freelancers frequently report wages higher than their old formal positions, despite having less work security.
Other names for contingent workers include consultants, freelancers, independent professionals, temporary contract workers, or temps.
business with temporary employees that does tasks for its clients to consume.
Anyone acting as an intermediary without an express or implied long-term employment contract.
Businesses that provide services to customers and other businesses by selling the products and services of manufacturers.
Therefore, all the given statements (A), (B), and (C) about the contingent work is TRUE.
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Correct question:
a. Contingent worker business that carries out activities that are consumed by its customers.
b. intermediaries one who has no explicit or implicit contract for long-term work.
c. service business businesses involved in selling the goods and services of producers to consumers and other businesses.
Are the given sentences about contingent work TRUE or FALSE?
question if positive externalities exist in the market for flu shots, which of the following is true?
Subsidizing flu shots will lead to the socially efficient level of output is such a positive externality that is true.
Yes, positive externalities live in the request for flu shots. Positive externalities do when the consumption or product of a good or service provides a benefit to a third party not directly involved in the sale. In the case of flu shots, the benefit to third parties is the reduced threat of contracting the flu, which can be spread to others in the community. This means that indeed those who don't get the flu shot benefit from the reduced threat of contracting the flu, which is a positive externality. A positive externality exists if the product and consumption of a good or service benefits a third party not directly involved in the request sale. still, goods that suffer from positive externalities give further value to individualities in society than is taken into account by those furnishing the goods.
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fill in the blank. the term___is a key evaluation metric that represents and captures the percentage of consumers within the targeted segment who are exposed to the message during a pre-specified period of time.
It quantifies the percentage of consumers in the targeted category who are exposed to the message throughout the course of the assessment period and is an important evaluation indicator.
A quantifier is what kind of word?
A term called a quantifier is frequently used before a noun to convey the quantity of the thing, for example, a little milk. Most quantifiers are used in conjunction with a noun, though it is possible to use them alone when we are certain of what we are referring to. It is usual to refer to quantifiers that take the form of a phrase as complex quantifiers. The phrases all, another, any, both, each, either, enough, every, few, fewer, little, less, many, more, many, neither, no, several, and some are examples of simple quantifiers.
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select the budget category for each budget type. budget types financial operating nonmonetary cash flow budget expense budget labor budget
Operating budget includes estimates of differences between sales revenue and expenses
B."Non Monetary" budget includes estimates of resources needed, such as space and labor
C."Financial" budget includes estimates of revenue and expenses at regular, frequent intervals
D.Your chief financial officer "Ratio analysis" financial control do you need to use.
Rationale:
The ratio of a company's total debt to its cash flow from operations is shown by the cash flow-to-debt ratio.
Financial budget :Planning a time period for a company's expenses and revenues is called financial budgeting. The financial plans of management are outlined in budgets. This includes allocating money and figuring out how much cash is available for necessary spending.
What is the purpose of a budget for money?Financial stability is aided by a budget. A budget makes it simpler to pay bills on time, establish an emergency fund, and save for major expenditures like a car or home by tracking expenses and adhering to a plan. Overall, a budget strengthens a person's financial foundation for the short and long term.
Incomplete Question :
Select the budget category for each budget type. budget types financial operating non monetary cash flow budget expense budget labor budget
A.Which budget includes estimates of differences between sales revenue and expenses?
B.Which budget includes estimates of resources needed, such as space and labor?
C.Which budget includes estimates of revenue and expenses at regular, frequent intervals?
D.Your chief financial officer..............Which financial control do you need to use?
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the statement of cash flows explains the difference between beginning and ending balances of cash and cash equivalents. a cash equivalent must exhibit all of the following criteria, except:
A cash flow statement is a financial statement that provides aggregate data regarding all cash inflows that a company receives from its ongoing operations and external investment sources.
What Is a Cash Flow Statement?A company's cash inflows from current activities and outside investment sources are all included in an aggregate amount on a cash flow statement, which is a financial statement.
A specific period's cash outflows for investments and business operations are also included. The financial statements of a firm provide investors and analysts with a snapshot of all the business transactions, each of which adds to the company's performance.
The cash created by the business is tracked by the cash flow statement in three primary ways: operations, investments, and financing. This makes the cash flow statement the most understandable of all the financial statements. These three components are added together to form net cash flow.
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Nadine works for a tech startup that does not have established rules and policies on ethics. It is a small, independent company that depends on its
employees to use their own judgment. This structure can lead to
If Nadine works for a tech startup that does not have established rules and policies on ethics. This structure can lead to : opportunity for misconduct.
What is established rules policies on ethics?Established rules policies on ethics can be defined as a set of rules and regulation or polices that help to state how a company should be govern.
Business ethics is essential in a company based on the fact that it enables employee to know the right things to do and the wrong things to avoid.
Therefore we can conclude that this structure can lead to : opportunity for misconduct.
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T F When evaluating the alternatives, the buyer rates and eventually ranks the brands in the consideration set.
The buyer ranks the brands in the consideration set after rating them in order to compare them to the alternatives.
What are the four levels of consumer buying decisions ?By framing options, marketers can impact consumers' evaluation. The evaluation stage's findings as well as other factors are taken into consideration when consumers choose products or brands during the purchasing stage. The seller from whom the buyer will purchase the good is likewise a choice made by the buyer.
Problem identification, information search, alternative appraisal, purchase, and postpurchase analysis are the key phases in the consumer buying decision process. Dissonance typically happens when a customer is having second thoughts about their choice. Dissonance is more likely to be felt by customers when they are purchasing things that are both reasonably pricey and seldom.
The five steps are problem identification, information search, alternative assessment, buy choice, and post-purchase assessment. Five steps make up the buyer decision process: identifying the need, gathering information, weighing the alternatives, making a decision to buy, and following up with actions.
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when business owners hire others to manage their business, the demand for auditing can be understood as the need for
When business owners hire others to manage their business, the demand for auditing can be understood as the need for accountability.
The term audit usually refers to a financial statement audit. A financial audit is an objective examination and evaluation of the financial statements of an organisation to make sure that the financial records are a fair and accurate representation of the transactions they claim to represent. The audit can be conducted internally by employees of the organisation or externally by an outside Certified Public Accountant (CPA) firm.
There are three main types of audits: external audits, internal audits, and Internal Revenue Service (IRS) audits.
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the operating costs incurred by running the day-to-day operations of a cooperative building are paid by which of the following.....?the shareholder's monthly maintenance fees
The operating costs incurred by running the day-to-day operations of a cooperative building are paid by the shareholder's monthly maintenance fees
Operating costs are associated with the regular upkeep and management of an organisation. Operating costs consist of selling, general, and administrative (SG&A) and other operational costs, often referred to as immediate costs of goods sold (COGS). These expenses also cover maintenance and raw materials. Operating costs make up a sizable portion of the total cost of manufacturing. Therefore, in order to control such expenses, manufacturing units must implement operational cost reduction strategies. These entail setting up specialised machinery and gear and evaluating machinery alternatives.
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Which of the following is a major driver of downward cost pressure—i.e., purchasing professionals desire and ability to put pressure on suppliers to reduce costs?
a. The availability of global suppliers that possess cost advantages.
b. Supply Scarcity
c. A lack of suppliers
d. Excessive complexity in supply markets
e. Rivals competing to buy the same inputs/products
The availability of global suppliers that possess cost advantages.Purchasing experts' motivation and capacity to exert pressure on suppliers to cut costs is a primary cause of downward cost pressure.
The Bargaining Power of Suppliers, one of the forces in Porter's Five Forces Industry Analysis Framework, is the polar opposite of the Bargaining Power of Buyers and describes the pressure that suppliers can exert on businesses by increasing their prices, lowering their product quality, or decreasing the availability of their products.
The firm and the supplier both profit from this kind of cost reduction. The company saves money each year while making sure their supplier is familiar with the unique design and construction of their product.
In turn, the supplier gains from dealing with a company and a product that they are actually familiar with, which can save training, floor setup, and other overhead costs.
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1. Consider why communication is important to your future career. Do you feel confident in your writing to move forward? Chapter 1, LO 1- 5 lists the Basic Criteria for Effective Messages (see list below). Which of the following reflects your strengths? Which criteria do you need to improve? Clarity Complete (no information left out) Correct Conventions (uses practices or elements easily understood and appropriate) Saves time Builds goodwill Ethical
2. Most of the communication in professional settings is conducted via email. After watching the videos and reading the required pages, respond to the following questions. How would you rate your professional e-mail skills? Review Chapter 2, LO 2-6 and the list of Email Pet Peeves (Figure 2.10). Which of these common of these mistakes have you made? Which are most annoying? What others might you add to this list?
Effective communication involves planning, practise, and perseverance. There are various methods to develop communication skills; one of them is the school of hard knocks.
When communication is efficient, it leaves all parties happy and with a sense of accomplishment. There is no space for misinterpretation or change of messages when communications are delivered clearly, which reduces the possibility for conflict. It is the capacity to give empathy, openness, and constructive comments depending on what you hear. A nice approach, confidence, and effective nonverbal communication will also help you, as a manager, create solid connections with your team members.
It allows you to interact with others and exchange thoughts. Clear communication clarifies information and saves time. Aids in the development of relationships, collaboration, and trust. It contributes to the development of your knowledge base, which allows you to make better life decisions.
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an economy can produce a various combination of food and shelter along a production possibilities curve (ppc). we first increase the production of shelter along the ppc. if we then continue to shift more and more production to shelter, then which of the following will most likely happen to the opportunity cost of a unit of shelter? group of answer choices opportunity cost is the amount of labor (but not capital) that is used to produce the extra shelter. opportunity cost will increase because as more and more shelter is produced, labor and capital that is highly productive at producing food is being shifted to shelter production, and so more and more food is being given up to produce a unit of shelter. opportunity cost must stay constant if we are to stay on the production possibilities curve.
As more and more protection is produced, both capital and labor that is super successful at generating shelter become accessible, and so a decreasing amount of food is sacrificed to generate a unit of cover relying the opportunity cost.
Because more and more shelter is created, labor and capital that is highly productive in creating food is switched to shelter production, and therefore more and more food is sacrificed to generate a unit of shelter. The opportunity cost of a certain activity in microeconomic theory is the value or gain given up by engaging in that activity in comparison to engaging in an alternative activity. More specifically, it indicates that if you choose one activity (for example, an investment), you are foregoing the potential to pursue something other. The ideal activity is the one that, net of opportunity costs, delivers the highest return when compared to all other activities.
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T/F. to control costs during its busy back-to-school season, carmine computers wants to establish alternative work arrangements in its customer service department. the company plans on using contract workers for three months instead of hiring employees. on top of paying the contractors less money, the company will save additional money because it doesn't have to pay payroll taxes for those workers. this is an acceptable strategy for carmine computers to employ.
The statement is true, Carmine Computers’ plan to use contract workers instead of hiring employees during their busy back-to-school season is an acceptable strategy.
Contract workers can provide cost savings because they are typically paid lower wages than permanent employees and the company does not need to pay payroll taxes. These cost savings can be used to cover other expenses or to boost profits. Additionally, contract workers are often easier to hire and fire, and they can provide more flexibility than traditional employees.
The use of contract workers can also provide a wider range of skills and experience, which can be beneficial for the company. In some cases, contract workers can even be faster and more efficient than permanent employees. Using contract workers can be a beneficial way for Carmine Computers to control costs during their busy back-to-school season.
If the company follows applicable laws, adheres to labor standards, and treats the contract workers fairly, then using contract workers is a viable and acceptable strategy.
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TRUE/FALSE. A knowledge of statistics provides the necessary tools to differentiate between sound statistical conclusions and questionable conclusions drawn from incomplete data points or just misinformation.
True, We need to grasp statistics—the language of data—in order to make wise judgments.
What is Statistical Conclusions ?We need to grasp statistics—the language of data—in order to make wise judgments.
In essence, it uses information from a sample to draw inferences about a wider population or group. When examining the relationship between variables in a sample, inferential statistical analysis is frequently utilized in order to draw valid findings and make population-representative generalizations.
The purpose of a business plan conclusion is to persuade the reader of the company's success by summarizing the plan's advantages. The conclusion should concentrate on how the organization produces money and why it is a smart investment because business plans are often written by firms to attract funding or investors.
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You purchased 100 shares of ABC common stock on margin at $50 per share. Assume the initial margin is 50% and the maintenance margin is 30%. Below the stock price of you would get a margin call. Assume the stock pays no dividend and ignore interest on margin.
A)35.71
B)42.86
C)53.57
D)57.14
The stock price at which a margin call would be issued is $35.71. Ignore interest on margin and assume that the stock does not pay a dividend.
A margin call is what?When the margin account begins to run out of money, the stockbroker will issue a "margin call," which is a warning. A message is sent out to make sure the trader maintains the required minimum amount in their account in order to give the stockbrokers confidence in the security they have indeed been provided in exchange for the loan. The account's maintenance margin is represented by this lowest balance.
A margin call occurs when the equity value falls below the maintenance margin. The broker will sell the securities for use as collateral to settle the loan rather than issuing a margin call if the equity reaches zero.
100 shares × $50 = $5,000
$5,000 × 0.5 = $2,500 (loan amount)
0.30 = (100P −$2,500)/100P
0.30×100P= 30P
30P = 100P −$2,500
30P- 100P= -70P
−70P = −$2,500
-2500/-70P = $50P
P = $35.71
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The Fed has the power to increase or decrease the number of dollars in the economy through the decisions of the US. Treasury the regional Federal Reserve Bank presidents the FOMC the Board of Governors.
The Federal Reserve has the power to influence the number of dollars in the economy.
This is accomplished through several entities. The US Treasury has the power to issue and withdraw currency and coins. The regional Federal Reserve Bank presidents have the ability to adjust the discount rate, which is the rate at which the Federal Reserve lends money to financial institutions.
The Federal Open Market Committee (FOMC) can adjust the amount of money in the market by buying or selling securities. Finally, the Board of Governors, which is the main governing body of the Federal Reserve, can adjust reserve requirements and the federal funds rate, which is the rate at which banks lend reserves to each other overnight.
Ultimately, the Federal Reserve has the power to increase or decrease the number of dollars in the economy through the decisions made by these entities.
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the gryffin company started operations this year and reported the following information at the end of the year (i.e. ending balances):
The Gryffin Company began operations this year, and at the conclusion of the year, it reported the information (i.e., ending balances) to be $1150.
What does a net income report?Starting with a company's whole revenue, determine its net income. To determine the company's earnings before taxes, start with this amount and deduct all of the operating and spending charges. Find the NI by deducting tax from this sum. The net income profit metric, also known as "net earnings," is calculated as revenue minus all operating costs, including selling, general, and administrative (SG&A) and cost of goods sold (COGS), as well as non-operating costs, including interest and tax expenses. It can be found at the bottom of the income statement. Net income is the amount that may still be left over from your paycheck after taxes and other withholdings. Net income is the amount of money left over after operating costs have been paid for a business.The complete question is
The Gryffin Company started operations this year and reported the following ending information (i.e. at the end of the year):
Revenue$16,900 Equipment$10,700
Notes payable$2,200 Cost of Goods Sold$12,600
Cash$1,650 Payroll expense$2,400
Common stock$10,000 Inventory$850
Advertising expense$750 Dividends$150
What net income would the company report?
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a corporation increases capitalization by selling shares of stock which can either come from a new issue or previously authorized but unissued shares. total stock outstanding must
Companies issue shares to raise money from investors who tend to invest their money.
What happens when a company increases shares?The quantity of common stock traded on the stock market rises when corporations issue more shares. Too many shares being issued could dilute current investors' holdings. Share dilution happens because the extra shares make the existing shares less valuable to investors.
A company's market cap stays the same even while its shares in circulation and stock price fluctuate. The same holds true for dividends. A company's price typically decreases if it declares a dividend, increasing the number of shares held.
When a business sells shares, it uses the proceeds to run and expand the company while the shares are exchanged on the New York Stock Exchange (NYSE). Investors and dealers can purchase and sell stock shares on the NYSE.
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List at least one activity that a company might do during each of the following stages of business: (a) Identify (0.5 points) (b) Plan (0.5 points) (c) Start (0.5 points) (d) Operate (0.5 points)
Launch, growth, shake-out, maturity, and decline are the five stages that make up the business life cycle, which describes how a business develops over time in phases.
What is the Business Life Cycle?A graph representing the cycle has time as the horizontal axis, money or other financial measures as the vertical axis, and time as the y-axis. We will use three financial measures in this article—sales, profit, and cash flow—to define the state of each stage of the business life cycle.Each organization starts out as a business, frequently by introducing fresh goods or services. Sales are initially slow but gradually (and ideally steadily) rising during the launch phase. Businesses emphasize marketing to the segments of consumers who are most likely to buy their products by promoting their competitive advantages and value propositions.Businesses are, however, more likely to suffer losses at this time due to low revenue and large launch costs.In fact, there is a lag between sales growth and profit growth throughout the whole firm life cycle since the profit cycle always comes after the sales cycle. This lag has implications for the financing life cycle, which are discussed in more detail in the article's final section.In addition, although it drops even lower than the profit, the cash flow during the launch phase is also negative. This is as a result of initial starting costs being capitalized, which while they might not show up in the business' profit, do show up in its cash flow.To Learn more About business life cycle, refer TO:
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Which of the following is the last step in the model-building process?
a. Collect data and test the model.
b. Develop a model based on simplified assumptions.
c. Identify the problem.
d. Formulate an assumption
The last step in the model-building process is collecting data and testing the model.
The model-building process typically involves several steps, including identifying the problem, formulating assumptions, developing a model based on those assumptions, and then testing the model using collected data.
The final step in this process is to collect data and test the model. This step is important because it allows the model to be evaluated and validated, and it allows for any necessary adjustments to be made before the model is put into use.
This step also helps to ensure that the model is accurate and reliable and that it will perform well in the real-world setting for which it was developed.
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find the probability that a randomly selected product is defective, given that it is from the east production facility.
Given that a product is produced at the South production facility, the likelihood that it is flawed is 13.1%. Basic production systems often fall into one of three categories: batch, continuous, or project.
Construction site. Definition. One or more installations on the same property that are run by the same natural or legal person that are built, installed, or both to satisfy a particular industrial or production need, including all supporting structures, tools, and materials A factory, also known as a manufacturing plant or production facility, is a type of industrial building that frequently consists of numerous buildings that are all loaded with machinery and is used to create goods or run machines that turn one thing into another. In the continuous system, processed goods move through a sequence of phases or activities that are typically shared by other processed goods.
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Banks were granted full authority to enter investment banking and insurance business with the passage of purchased funds Regional and superregional banks have access to financial markets for __________ to finance their lending and investment activities.
Banks were granted full authority to enter investment banking and insurance business with the passage of purchased funds. Regional and superregional banks have access to financial markets for Federal Fund Rates to finance their lending and investment activities.
An investment bank is a financial institution that acts as a conciliator in complex commercial deals similar to combinations and accessions. The Glass- Steagall Act effectively separated marketable banking from investment banking and created the Federal Fund Rates Insurance Corporation, among other effects.
It was one of the most extensively batted legislative enterprises before being inked into law by President Franklin D. Roosevelt in June 1933.
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a supplier may look at the size of to see how promptly the firm pays its bills. multiple choice question.
A supplier may look at the size of accounts payable to see how promptly the firm pays its bills.
What is accounts payable?
A current liability account called accounts outstanding is used to track any plutocrat you owe to other people. Banks, businesses, or indeed a person you espoused plutocrat from could be considered third parties. The current arrears are the accounts outstanding.
What function does accounts payable serve?
A company's fiscal, executive, and pastoral support is handled by the accounts payable department. They're in charge of tracking the company's short- term debts, paying seller checks and bills, and making payments the company owes to suppliers and other creditors.
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Assumptions:Company Z allows all managers who are at level 4 or above to receive coaching.Coaching is mandatory for managers who are level 6 or above. Conclusion:A level 4 manager must receive coaching.If the assumptions are true, is the conclusion:IncorrectCannot be determined based on the information availableCorrect
Control is a function of management which helps to check errors in order to take corrective actions.
What exactly is control management?One of the functions of control for a manager is to aid in the detection of mistakes.
Control is a management function that aids in the detection of problems and the implementation of remedial actions. This is done to reduce departure from standards and guarantee that the organization’s stated goals are met in the desired manner.
Controlling is necessary because companies create standards and goals, and it guarantees that individual, group, and organizational performance does not depart from standards. Controlling should not be interpreted negatively, such as manipulating a person’s personality, values, attitudes, or emotions. At its most basic, management is a discipline comprised of five broad functions: planning, organizing, staffing, leading, and controlling. These five functions comprise a
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you are the hiring manager for a new large outdoor drive-in movie theatre and need to fill a position for a concessions supervisor. you have a very extensive menu, and therefore it is one of the most responsible positions since this person presides over the money. you have narrowed the selection to an applicant you think would be a good fit for the position. the applicant meets the job requirements, although his pre-employment test results were not the best of the selected group. he did respond well to the competency interview questions you posed during the interview. you conducted reference checks on the applicant by contacting former employers and received positive results; however, the background check shows the applicant was convicted of a misdemeanor for vandalism 5 years ago, for which the applicant served time in jail. checklist evaluate the use of pre-employment tests in the employment process. decide how references might or might not influence your final selection of the right candidate. relate how the background check results influence your decision to either hire or not hire the applicant. assess the potential legal issues associated with background checks. assess the potential legal issues associated with background check documentation. include a description of negligent hiring practices and what constitutes defamation of character. recommend the steps, tools, and documentation an organization should take to prevent negligent hiring and defamation of character from occurring.
The objectives of the numbered steps are as follows: To spell out the conditions that an applicant must satisfy in order to submit an application.
The Workplace Papers test assesses an individual's ability to comprehend and use information from actual workplace documents when making choices and addressing issues. The documents include messages, emails, letters, instructions, signs, announcements, rules, websites, contracts, and regulations. The term "HR documentation" designates a collection of documents that organizations save in order to preserve evidence, monitor changes, and give information that may be relevant to decision-making. These documents frequently contain information about company actions, employee statistics, and event reports. In this case, the workplace document is a recruiting firm that the candidate fills out and which includes questions about the applicant.
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the primary functions of accounting are to: multiple select question. increase a company's stock market valuation. measure a company's activities. provide information to taxing authorities. communicate information to decision makers. increase a company's profitability.
Count the actions of a business ,provide information to taxation authorities, send information to decision-makers are accounting's principal job is to increase a company's profitability.
While it may appear tedious or obscure, financial accounting is essential in allowing firms to keep track of all their financial activities. Financial accounting functions are divided into two categories: historical or stewardship functions and management duties. Communicating financial information, documenting financial transactions, calculating net outcomes, displaying financial affairs, evaluating financial data, summarizing and categorizing financial data are all historical accounting functions. Managerial finance accounting duties include financial policy control, budget preparation, cost control, employee performance evaluation, and mistake and fraud prevention.
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according to the chapter 1 opening vignette, which of the following is a major global concern, especially to international organizations such as the international monetary fund, the world bank, and the world trade organization?
Nationalist or protectionist policies that curtail world trade are a major global concern faced by international organizations.
Protectionism, often known as trade protectionism, is an economic policy that restricts imports from other nations by using techniques such as taxes on imported products, import quotas, and a range of other government regulations. Proponents believe that protectionist measures safeguard domestic manufacturers, enterprises, and employees in the import-competing sector against foreign competition. Opponents believe that protectionist measures decrease trade and harm consumers in general (by raising the cost of imported products), as well as export producers and employees, both in the nation employing protectionist policies and in the countries protected against them. In international politics, nationalism involves the identification of the state or country with the people—or, at the very least, the desire to determine the size of the state based on anthropological considerations.
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If price is greater than average total cost at the profit-maximizing quantity of output in the short run, a perfectly competitive firm will:a. produce at a loss.b. produce at a profit.c. shut down production.d. produce more than the profit-maximizing quantity.
A highly competitive corporation will produce at a profit if the price is higher than the average total cost at the profit-maximizing volume of output in the near run.
Profit maximization is the fast-run or long-term strategy in economics that enables a company to identify the charge, entry, and output stages that result in the highest profit. The firm is typically modelled as maximizing profit in neoclassical economics, which is currently the dominant method of microeconomics. Earnings are calculated using the formula earnings = general sales - general value. As a result, a business maximizes its profits when the primary order—MR = MC—is fulfilled and the secondary order depends on the first order. This concept differs from wealth maximization in terms of timeframes for income growth and corporate goals. Profit maximization is a strategy used by business organizations to guarantee that the ideal output and rate levels are achieved in order to maximize their returns.
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At the equilibrium price and quantity in a competitive market, all of the following are true except which statement? (1 point)Unless there is a shift in demand or in supply, the equilibrium price will prevail.There is no excess demand.There may be excess supply or a surplus.All the output produced by sellers is purchased by buyers.The quantity demanded equals the quantity supplied at the equilibrium price.
At the equilibrium price and quantity in a competitive market, all of the following are true except statement B, In a competitive market, there is no excess supply or a surplus.
Competitive equilibrium is the condition in which profit-maximizing producers and utility-maximizing consumers reach an equilibrium price in competitive markets with freely determined pricing.
The quantity given equals the quantity required at this equilibrium price. In other words, both buyers and sellers are happy that they are receiving a fair price.
A competitive market is a term used in economics to describe a marketplace with a large number of buyers and vendors in which no single buyer or vendor may influence the market. Competitive markets have no entry barriers, a large number of customers and suppliers, and homogeneous products.
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Answer:
B
Explanation:
