How do you answer the 3 economic questions in a command economy?.
In a command economy, what goods and services are produced, how they are produced, and for whom they are produced are all questions answered by government planning. The government makes economic decisions for the good of society.
What is economic questionThe three basic economic questions are what to produce, how to produce it and for whom to produce it.
The economic system is all the procedures used in coordinating people's behavior including producers, consumers, government, banks and others in carrying out economic activities in terms of production, consumption, distribution or investment in an integrated manner to form a unified whole, orderly and dynamic so as to avoid chaos in economics. In a country the existence of an economic system is very important because it functions as a driving force for the production system.
In addition, the economic system also functions to create a mechanism so that the process of distribution of goods and services runs well. In other words, without a good economic system, economic growth can also be well maintained.
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the cost constraint suggests that, even when the cost of providing accounting information exceeds its benefit, the financial accounting information should always be provided. t or f
(T/F) According to the cost restriction, the financial accounting information should still be available even if it comes at a higher cost than it benefits.
Which definition of "information" is the most accurate?
A fact or incident about which knowledge has been shared or received; breaking news: information about a crime. His wealth of general knowledge is astonishing. knowledge acquired by study, communication, research, training, etc.
Avoiding research overlap is made easier by information. Users, especially researchers, are stimulated by information to think more deeply. Information aids scientists, engineers, academics, and other professionals in staying updated about recent developments in their fields.
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What credit score is needed for a debt consolidation loan?
A credit score between 580 and 680 is required for a debt consolidation loan.
Debt consolidation loan is a loan that convert many of our debts into one loan payment, simplifying number of payments we have to make. These offer also might be for lower interest rates that what we are currently paying. A person needs a minimum of 580 credit score and maximum of 680 credit score for a debt consolidation loan. Before taking out a consolidation loan one should get free support from a counselor and also know why he or she is in debt and also he or she should make a proper budget before taking debt consolidation loan. The various types of debt consolidation loans are Credit Card balance transfers, Home equity loans and so on.
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Which of the following jobs would only require on-the-job training?
The following jobs would only require on-the-job training
A. computer programmer:
Computer programmer job description featuring job openings, training courses, desirable skills and certifications, and education requirements.
B. fashion designer :
For instance, you can consider a bachelor's degree with a major in visual art, fashion design, or fashion merchandising. A visual art program can help you master color theory and design elements, while a fashion design degree teaches you how to work with fabrics and develop clothing and accessory prototypes.
C. customer service agent:
customer service agent. Although arguably, no human profession, skill, or job, is a simple matter of execution, some are fitter to be learned while being executed. One of these is customer service.
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Which is the first central bank in the world Mcq?
Answer:
In 1668, the Riksdag, Sweden's parliament, decided to found Riksens Ständers Bank (the Estates of the Realm Bank), which in 1867 received the name Sveriges Riksbank. The Riksbank is thus the world's oldest central bank.
Hope This Helps You if it Doesn't Sorry And Have a Nice Day. : )
What is the role of public sector in mixed economy?.
Although they collaborate with one another and compete for the same scarce resources, the public and private sectors may do so. Although mixed economies do not prevent the private sector from seeking profits, they do regulate industry.
As the private sector produces things, the government takes important economic decisions while keeping social welfare in mind.
A mixed economy produces and owns commodities and services jointly by the public and private sectors. The government makes important economic decisions with social welfare in mind, even when private actors also contribute to the production of goods and services. Inequality in wealth is prevented by this.
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when an economist uses objective analysis to find out how things ought to be done, this is
When an economist uses objective analysis to find out how things ought to be done, this is normative economics.
Normative economics is the branch of economics that uses objective analysis to determine how best to achieve desired outcomes.
It is based on the idea that economic decisions should be made based on what is considered to be "right" or "desirable" as opposed to what is most profitable.
Normative economics takes into account the ethical and social implications of an economic decision and considers how it will affect people and society as a whole.
By looking at the broader picture, normative economics can help policymakers and economists make decisions that are beneficial for everyone.
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Reasons why we need government, even in a market economy, include?
In a market economy, government plays a critical role in ensuring equitable and fair outcomes for all citizens.
Government provides essential services like infrastructure, healthcare, education, and public safety, which are all necessary for a healthy and thriving economy.
Additionally, government helps to protect vulnerable citizens from exploitation, to protect the environment, and to promote economic growth through taxation and public spending. By creating regulations and guidelines for businesses and individuals, government ensures that the market economy remains fair and equitable for all.
In short, government is necessary for a well-functioning market economy.
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which of these are elements of the business environment?
Political, economic, social, technological, legal and environmental are elements of the business environment. Option a, c, d, f, h, i
The business environment is made up of a variety of elements that can have a significant impact on the success of a business.
These elements include political, economic, social, technological, legal, and environmental factors.
It is important for businesses to understand and be aware of the changing dynamics of these different components in order to effectively manage their operations.
By staying informed of the latest developments in each of these areas, businesses can better prepare for potential risks and opportunities that may arise in the future.
Although a part of your question is missing, you might be referring to this question:
Which of these are elements of the business environment?
a) political
b) religious
c) economic
d) social
e) history
f) technological
g) manipulative
h) legal
i) environmental
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Eduardo wants to be able to purchase a dream car for about $19,000 on January 1, 2008, just after he graduates from college. He has a part time job and started making deposits of $275 each month into an account that pays 9% compounded monthly beginning with the first deposit on February 1, 2003. The last deposit is to be made on January 1, 2008. Determine how much money he would have saved to buy the car
Eduardo will have saved $11,843.90 by January 1, 2008 to buy the car.
Eduardo is determined to purchase a dream car for around $19,000 on January 1, 2008, after graduating from college.
To make this dream a reality, he started making deposits of $275 each month into an account that pays 9% compounded monthly beginning with the first deposit on February 1, 2003.
With the last deposit being made on January 1, 2008, he needed to determine how much money he would have saved to buy the car.
To calculate the amount of money Eduardo will have saved by January 1, 2008, we need to use the present value formula.
Present Value = Future Value / (1 + Rate)^Number of Periods
To calculate this, we will take the future value (19,000) and divide it by (1 + 0.09)^60. This gives us a present value of $11,843.90.
Therefore, given the information provided, Eduardo will have saved $11,843.90 by January 1, 2008. This is enough money to purchase his dream car and he is well on his way to achieving his goal.
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Jolene had ome two-dollar and five-dollar note in the ratio 11:6 repectively. After he exchanged 30 piece of the two-dollar note into five-dollar note, the ratio became 3:4. How much did Jolene have at firt?
Jolene had 66 two-dollar notes and 30 five-dollar notes at first. To find the original ratio of two-dollar notes to five-dollar notes, we need to use the ratio formula.
The formula is (x + y):z = n, where x is the number of two-dollar notes, y is the number of five-dollar notes, and z is the total number of notes. In this case, x = 66, y = 30 and z = 96. Solving for x, we get x = (n*z) - y, which is (11*96) - 30 = 726 - 30 = 696.
Therefore, Jolene had 696 two-dollar notes and 30 five-dollar notes at first.To find the new ratio, we need to use the same formula. x = (3*96) - 30 = 288 - 30 = 258. This means that Jolene had 258 two-dollar notes and 30 five-dollar notes after exchanging 30 two-dollar notes for five-dollar notes. The new ratio is now 3:4.
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If you plot one point incorrectly and the others correctly, you will receive partial credit for that object.a. Trueb. False
The statement 'If you plot one point incorrectly and the others correctly, you will receive partial credit for that object' is false as you will receive no credit.
It is important to remember that when plotting points or objects on a graph, accuracy is critical. If you get even one point wrong, you will not receive any credit for that object.
It does not matter how accurately the other points are plotted – if you make one mistake, you will not receive any credit for that object.
Therefore, it is important to always double-check your work and make sure that all points are plotted correctly.
If you make an error when plotting a point, you will not receive any credit for that object, regardless of how accurately you plot the other points.
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Something is considered a business primarily based on:
Something is considered a business primarily based on:
The functions the organization performs
The size of the office and/or staff
Having a hierarchical leadership structure
The amount of profit it generates
Question at position 2
2
1 point
Question at position 2
A business is a registered company that exchanges goods or services for money
A business is a registered company that exchanges goods or services for money
True
False
Question at position 3
3
1 point
Question at position 3
The finance team is not responsible for the overall strategy and direction of the company money.
The finance team is not responsible for the overall strategy and direction of the company money.
True
False
Question at position 4
4
1 point
Question at position 4
You’ve just found out that your business has gone hugely over budge, spending the annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget was appropriate?
You’ve just found out that your business has gone hugely over budge, spending the annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget was appropriate?
Marketing
Finance
Accounting
Sales
Question at position 5
5
1 point
Question at position 5
There’s a major expo event coming up where your competitors will be buying booths to show off their products. Your ____ department proposes that one of their members goes to the expo and works at the booth; the exact costs for travel, renting booth space, etc., will be reported to ____.
There’s a major expo event coming up where your competitors will be buying booths to show off their products. Your ____ department proposes that one of their members goes to the expo and works at the booth; the exact costs for travel, renting booth space, etc., will be reported to ____.
marketing; accounting
human resources; finances
management; human resources
finance; accounting
When two or more parties exchange products and services without using cash, this is known as bartering. Thus, the option is false.
What are the features of barter system?A barter is a transaction in which two or more parties exchange products or services without exchanging cash or other forms of payment like credit cards.
A straightforward idea underlies bartering: Two parties bargain to assess the relative worth of their goods and services, then offer them to one another in an equal trade. It predates the creation of actual hard cash and is the world's oldest form of trade.
Because they lack the funds or credit to purchase those items, businesses may desire to trade their goods for other goods. In its simplest form, bartering entails the exchange of one party's good or service for another party's good or service.
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Why is creative thinking important to generate business ideas?
Answer: Creative thinking is necessary for business problem-solving.
Explanation: The skill of creative thinking is a helpful skill because it teaches workers/business owners to find opportunities and ways to improve something even if the situation is challenging. This also lets the person face a problem or situations by a different view. I hope this helped!
what is a challenge faced by companies entering the global market?
The presence of existing competition is generally sought as a challenge faced by companies entering into the global markets.
The global markets are always sought as the toughest entrance for a new business or a new company. This is because the company has to operate in such markets with an intention of disrupting the market share through entry-level products, and establish a strong position. However, the locally existing competitors are the biggest threat for every new company while entering the global markets.
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What two factors helped the United States industrialize rapidly ?
In the late 1800s, the availability of abundant natural resources (coal, iron, and oil), a plentiful labor supply, railroads, labor-saving technology advancements (new patents), and pro-business government policies were the five main drivers of industrial growth.
Numerous factors in the late 1800s fueled the expansion of industrialization in the US. Steam engines, railroads, and telegraphs were examples of new technology that helped with communication and transportation. Thanks to the ease with which resources could be obtained and transported throughout the country, many local businesses went on to become large, national corporations. These businesses were able to produce things in great quantities thanks to workplace advances like the assembly-line style of manufacturing.
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Which two additional marketing Ps help retailers deliver the best retail experience?
presentation and personnel
Presentation and personnel help retailers deliver the best retail experience.
A presentation is a method of communicating information from a speaker to an audience. Presentations are usually demos, introductions, lectures, or speeches intended to enlighten, convince, inspire, motivate, develop goodwill, or introduce a new idea/product.
Preparation, organization, event planning, writing, usage of visual aids, dealing with stress, and addressing questions are all typical requirements for presentations.
"The important aspects of a presentation are the presenter, the audience, the message, the reaction, and the method for effectively delivering speech for organizational success."
Presentations are commonly utilized in tertiary job contexts, such as accountants providing a detailed report on a company's finances or entrepreneurs presenting their enterprise idea to investors. The term can also refer to a formal or ritualized introduction or offering, such as a debutante's presentation.
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What comparison can be made between command economies and market economies?.
The comparison can be made between command economies and market economies in which the government is owned the factors of production.
The command economy is also called as the planned economy, in this economy is one in which the central government plans, organizes, and controls all economic activities to maximize social welfare.
The comparison can be made between command economies and market economies in which government is owned production factors and set the cost and production schedules. On the other hand, in the market economy, prices of the products are set by the supply and demand or the organization according to the inflation rate.
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An advantage of using a debit card is that:
a. you can buy now and pay later.
b. it is convenient to carry and use.
c. you never have to pay more than $50 for unauthorized use.
d. you can make purchases, whether or not you have money in the account.
One advantage of using debit card is that it is convenient to carry around and use as it takes up very less space and can be used to make transactions.
The correct answer is option a.
A debit card is typically provided when you create a checking account at a bank or credit union. Using a debit card eliminates the need to write a check when using funds from your checking account. With a debit card, your bank account is automatically debited when you make a purchase.
A debit card, commonly referred to as a check card or bank card, is a type of payment card that can be used to make transactions in place of cash.
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What is the best economy in the world?.
The best economy in the world is the United States of America (USA) with a GDP of 23.32 trillion dollars.
There are two main sources that are attributed to economic growth: 1- growth in the size of the workforce and 2 - growth in the productivity, i.e. output per hour worked, of that workforce. Either of these two sources can increase the overall size of the economy. But only strong productivity growth can result in an increase in per capita GDP and income.
In the context of the world's best economy, the USA is this. With a GDP of 23.32 trillion dollars, the US is by far the world's largest and the best economy in this ranking for 2021. USA's economy is followed by China in the second number with a GDP of 17.73 trillion dollars.
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Does maine require lottery winners to be identified?
Maine require lottery winners to be identified and anonymous are not acceptable. There are only 11 states where you are allowed to remain anonymous following a big lotto, and from 11 states, Maine are excluded.
In economics, A lottery generally can be defined as a form of gambling that involves the drawing of numbers at random for a prize. There are several rules about lottery in several countries. Some of governments in county are accept the lottery activities, in the other hand, there are also some governments that not allow any activities of lottery. There are 11 countries that accept lottery as anonymous, such as Kansas, Maryland, New Jersey, North Dakota, Arizona, Delaware, Georgia, Ohio, South Carolina, Virginia, and Texas.
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a financial statement showing the revenue and expenses for a fiscal period is called ?
Income statement generally can be defined as a financial statement showing the revenue and expenses for a fiscal period. There are several aspects in the income statement, such as revenue, expenses, and net income.
In economic and accounting, A profit and loss account or also known as n income statement generally can be defined as one of the financial statements of a company and shows the company's revenues and expenses during a particular period. A profit and loss account or also known as n income statement indicates how the revenues are transformed into the net income or net profit.
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A firm can begin to implement the marketing mix immediately after which of the following steps?
A firm can begin to implement the marketing mix immediately after the firm has implemented segmentation, targeting, and positioning their products.
The marketing mix is the set of actions, or tactics, that a firm use to market its brand or product.
The STP model is important when developing marketing communications plans because it assists marketers in prioritizing propositions and then developing and delivering individualized and relevant messages to engage with various audiences. Market segmentation, market targeting, and product positioning are the three steps in the funnel.
You want to identify a basis for segmenting your target clients and determine significant criteria to separate each market segment during your research-based market segmentation phase.
Your question is incomplete, most likely it was:
A firm can begin to implement the marketing mix immediately after which of the following steps?
manufacturing
segmentation
targeting
positioning
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Jim uually ail hi boat 20 mile from the boat launch to Kington. Today he i driving the 16 mile from the boat launch to the marina. How far will he ail acro the lake to Kington from the marina?
Jim will need to sail an additional 4 miles from the marina to Kingston. This is because it is a total of 20 miles from the boat launch to Kingston and he has already driven 16 miles from the boat launch to the marina, leaving 4 miles remaining to reach his destination.
This is assuming that the marina is located midway between the boat launch and Kingston, which is usually the case. In this case, Jim will need to sail 4 miles from the marina to reach Kingston. Sailing the lake is usually a pleasant experience, but it is important to not forget about safety.
Before setting sail, Jim should make sure to check the wind and weather conditions, as well as the lake's depth and any potential obstacles or debris that may be in the way.
Additionally, he should also make sure he has a reliable navigation system, such as a chart or GPS, to help him find his way. Taking these steps will help ensure that his trip to Kingston is a safe and enjoyable one.
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A bank employee shared a customer's financial information with other businesses without first informing the customer. what law did the employee break? a. fair credit reporting act b. community reinvestment act c. federal deposit insurance act d. fair and accurate credit transactions act e. gramm leach bliley act
The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, was broken by the bank employee. Thus the correct answer is option E.
Federal legislation known as the GLBA governs how financial institutions, including banks, manage and safeguard customers' non-public personal information.
Financial institutions are required under the GLBA to have established information security programs, including policies and procedures to guard against unauthorized access to, use of, disclosure of, or destruction of client non-public personal information. In particular, the GLBA mandates that financial institutions offer clients annual privacy warnings and give them the option to refuse certain information releases.
The GLBA's restrictions on customer privacy are violated by the employee's sharing of the customer's financial information with other businesses without the customer's consent.
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What is ownership value?.
Explanation:
Ownership Value . , if any – means the value, if any, of the Public Entity's ownership interest in the Real Property and, if applicable, Facility that existed concurrent with the Public Entity's acquisition of such ownership interest.
What are the types of mixed economy?.
The types of mixed economy are
Partial State ControlTotal Government ControlPublic-Private Control1. Partial State Control:
Private companies own the factories, machinery, and plants that are necessary for production, while the government acts as a regulator.
2. Total control by the government:
The state has a direct impact on how the entities operate. The government invests its own funds in the company and is completely in charge of its operations. It is responsible for the company's losses and is the owner of the profits.
3. Public-Private Control:
The government and private players have a partnership. The first form of mixed economy is found in western nations, whereas the second type is found in Asian nations like India.
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as described in the passage, the pattern of economic development in russia in the nineteenth century differed most strongly from which other pattern of economic development during the same period?
The changeover of production from preindustrial to industrial through the deeds of private businesspeople or corporations.
People have spent the majority of human history living in preindustrial societies, which were characterized by primitive technologies and low levels of output. Many civilizations developed mechanized labor-based economies after the Industrial Revolution, which increased profitability and a tendency toward more social mobility.
The majority of Americans lived on farms prior to the Industrial Revolution. To make what they required for daily life, the entire family pitched in. They bargained or bartered for goods they could not produce themselves. The blacksmith will accept corn in exchange for horseshoes or nails from a farmer.
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What are the factors of production or the resources of production?.
Land
Labour
Capital
Entrepreneurship
Suppose brian is in the market for a used textbook and the campus bookstore is having a sale. If the initial price of the used book is $77 and the discounted price is $59 , what is the percentage change in the book price? round your answer to two places after the decimal.
The percentage change in the book price is[tex]$\mathbf{3 5 . 2 9 \%}$[/tex].
What is percentage change? In any quantitative study, the terms relative change and relative difference are used to compare two numbers while taking into account the "sizes" of the things being compared, i.e. dividing by a standard or reference or starting value. The comparison is presented as a ratio, which is a number without units. Calculating the percentage difference between two values involves dividing the absolute value of the difference between two integers by their average. The answer will appear as a percent rather than a decimal when you multiply the result by 100. Formula for Calculating Percentage Difference As previously said, the absolute value of the change is divided by the average of the values, then multiplied by 100 to determine the percentage difference.Data provided in the question:
Market price of the used book[tex]$=\$ 85$[/tex]
Discounted price[tex]$=\$ 55$[/tex]
Now,
The percentage change in the book price will be calculated as:
[tex]$=\frac{\text { Markat price - Discounted price }}{\text { Market price }} \times 100$[/tex]
on substituting the respective values, we get
[tex]& =\frac{85-55}{85} \times 100 \\[/tex]
[tex]& =35.29 \%[/tex]
Hence,
The percentage change in the book price is[tex]$\mathbf{3 5 . 2 9 \%}$[/tex].
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