John Maynard Keynes described economics as an easy subject at which very few excel. Which of the following is not one of the reasons Keynes gave for why so few people excel at the study of economics? An economist must also be a mathematician, historian, statesman, and philosopher in some degree An economist must understand symbols and speak in words. An economist must be purposeful and disinterested in a simultaneous mood. An economist must understand environmental science, regulation, and political science Question 34 (2 points) When an economist points out that you and millions of other people are interdependent, he or she is referring to the fact that we all rely upon the government to provide us with the basic necessities of life rely upon one another for the goods and services we consume have similar tastes and abilities are concerned about one another's well-being Question 35 (2 points) a hor delete brt se C backspace 7 6 5 K G pause L
Answer:
i) . An economist must understand environmental science, regulation, and political science is not one of the reasons Keynes gave for why so few people excel at the study of economics
ii)The answer is we rely upon one another for the goods and services we consume
Explanation:
Chelsea, Inc. uses the job costing method and uses direct labor hours as the allocation base. In 2016, the total estimated and actual overhead costs for Job 3489 were $250,000 and $275,000, respectively. The total estimated and actual direct labor hours for Job 3489 were 25,000 and 28,000, respectively.Which of the following represents the MOH allocated to Job 3489?1. Predetermined MOH rate= total estimated manufacturing overhead costs/ total estimated amount of the allocation base2. $250,000/ 25,000 DLH= $103. MOH allocated to job= predetermined MOH rate * actual amount of allocation base used by the job4. $10 * 28,000 DLH= $280,000
Answer:
3. MOH allocated to job= predetermined MOH rate * actual amount of allocation base used by the job
Explanation:
3. MOH allocated to job= predetermined MOH rate * actual amount of allocation base used by the job
The predetermined overhead rate is used to apply manufacturing overhead costs to production jobs. the quantity of a cost driver required by a particular job is multiplied by a predetermined overhead rate to determine the amount of overhead cost applied to the job.
An estimate is made of
the amount of manufacturing over head that will be incurred during a specific period of time andthe amount of the cost driver ( or activity base) that will be used or incurred during the same time period. the predetermined overhead rate is computed as followsPredetermined Overhead Rate= Budgeted Manufacturing Overhead Cost/ Budgeted amount of cost driver
The predetermined overhead rate is used to apply manufacturing overhead costs to production jobs. The quantity of the cost driver ( or activity base ) required by a particular job is multiplied by the predetermined overhead rate to determine the amount of overhead cost applied to the job.
A 37-year-old client with type 1 diabetes and good glycemic control is pregnant for the third time. Her first child is 4 years old, and her second pregnancy resulted in a stillbirth. She is seen in the antepartum testing unit for a nonstress test (NST) at 33 weeks' gestation. What are the primary risk factors in the client's history that indicate a need for the NST? Select all that apply.
1.Age greater than 35 years
2.The risk for placenta previa
3.The risk for placental insufficiency
4.A history of stillbirth from her last pregnancy
5.Maternal history of hypertension
Answer:
3,4 and 5
Explanation:
A pregnant woman with diabetes is prone to placenta insufficiency thus being unable to support the fetus which can lead to fetal death. Additionally, a history of hypertension which is usually associated with diabetes can also affect efficient functioning of the placenta. Lastly, the history of stillbirth is also an indication of NST.
Suppose that the hypothetical country of Andesland suffers from chronic scarcity of its staple grain, quinoa. True or False: The country of Andesland must be a developing country, since scarcity is not a problem in developed countries.
Answer:
False
Explanation:
Scarcity refers to a state wherein the resources available in a nation are not enough to satisfy the wants of it's people. Scarcity is less pronounced in developed nations, yet it exists.
For instance, water scarcity is common to both developed and developing nations. A nation may be really abundant in one resource say oil reserves and yet very deficient in other resources, which it needs to import to satisfy the wants of it's people.
In the given case, Andesland suffers from chronic scarcity of Quinoa. Merely on this premise, Andesland cannot be characterized as a developing nation as Scarcity is common to both developed and developing nations.
Paula used to check her voice mail each time she returned to her office after a meeting or break. Now she checks her voice mail in the morning, before lunch, and once in the afternoon. What is one effect Paula can expect from having scheduled times to review voicemail messages each day?
A. Paula will have fewer calls to check.
B. Paula will improve her work efficiency.
C. Paula will improve her phone manners.
D. Paula will need to return fewer calls.
Answer:
B, Paula will improve her work efficiency
Explanation:
Scheduling times to review voicemail messages is a time management and efficiency improvement skill.
This is because Paula has maximum concentration/dedication on/to whatever task Paula is working on without having to interupt her flow by going through voicemail messages intermittently. This dedication/concentration brings about an improved work efficiency in Paula and she can acheive a lot more than when she had no voicemail review schedule.
Cheers.
Because of an accident Royce was involved in, his insurance company has increased his annual premium for auto insurance by 5.2%. His original policy was set up using the premiums listed below. What is his new annual premium after the increase in the accident?
a. $514.76
b. $543.00
c. $548.20
d. $571.24
Answer:
D) $571.24
Explanation:
Royce' premiums for the previous year were:
bodily injury $22.50property damage $144.75collision $275.75comprehensive $100The total premium of the policy was $543
Since the premiums will increase by 5.2%, the new total premium will be = $543 x 1.052 = $571.24
Answer:
D
Explanation:
Kevin had $6,270 in his savings account at the beginning of this year. This amount includes both the $6,000 he originally invested at the beginning of last year plus the $270 he earned in interest last year. This year, Kevin earned a total of $282.15 in interest even though the interest rate on the account remained constant. This $282.15 is best described as:A. simple interest.
B. interest on interest.
C. discounted interest.
D. complex interest.
E. compound interest.
Answer:
C. discounted interest
Explanation:
Compound interest increases every year, unlike simple interest, which remains constant. The reason why compound interest amount increase is because the interest earned also earns interest. The term compounding refers to adding interest earned to the principal amount. This makes the interest gained in the subsequent period higher as it will be based on a larger principal amount.
Kevin earned a higher interest in the second year because his principal amount increased in the second year. The interest he earned in the second year was added to the principal amount of $6000. He must have a compound earning interest account
The Mars company's new Topeka, Kansas, manufacturing plant is the first new facility the company has opened in North America in 35 years. The new plant is which type of tangible resource?
Answer: Physical Resource
Explanation: Physical resource may be described as material assets or tangible resources owned by a business. Physical resources may include buildings, jewelleries and ornaments, land, vehicles, cash and so many other. In most cases, physical resources are visible to the eye and are sellable as they can be easily liquidated and have a set value, they can also be used as collateral for loans and so on. They are essential for financial analysis as it helps evaluate financial status of a business.
The Securities Investor Protection Corporation is a government agency charged with administering the liquidation of failed securities firms to protect the interests of investors as much as possible. True False
Answer:
False
Explanation:
First of all, the Securities Investor Protection Corporation is not a government agency. The S.I.P.C was formed in 1970 under the Securities Investor Protection Act as a non-profit membership corporation.
In the unfortunate event that a securities firm fails (which is rather unlikely), the S.I.P.C steps in to help the investor. It can help by either transferring the accounts of the failed firm to a different firm or by liquidation.
Answer:
True
Explanation:
Odeyssey Ware
Hat's accounting records showed the following:
Inventory, January1 $35,000
Purchases, January 1 through May 1 200,000
Sales, January 1 through May 1 250,000
Inventory not damaged by flood 30,000
Gross profit percentage on sales 40%
What amount of inventory was lost in the flood?
A. $150,000
B. $85,000
C. $105,000
D. $55,000
Answer:
D. $55,000
Explanation:
Sales = 250,000
Gross Profit = 250,000 x 40% = 100,000
Cost of goods sold = 250,000 - 100,000 = 150,000
Cost of good sold = Opening Inventory + Purchases - Closing Inventory
150,000 = 35,000 + 200,000 - Closing Inventory
150,000 = 235,000 - Closing Inventory
Closing Inventory = 235,000 - 150,000
Closing Inventory = 85,000
Inventory damaged by flood = 85,000 - 30,000 = 55,000
Menthorp Inc. wants to design a variable-pay plan that fosters teamwork and business knowledge of its employees. In order to ensure maximum motivation, Menthorp wants its variable-pay plan to show a clear performance-reward link. Which of the following plans is most suitable for Menthorp?1. Gain-sharing plan.
2. Cash profit sharing plan.
3. Stock ownership plan.
4. Stock options plan.
Answer:
cash profit sharing plan -
Explanation:
cash profit-sharing plan - it is one of the sharing plans in the profit-sharing plan. in this profit share directly to the employee through cash, stock, etc.
it is the sharing that is based on profit earned by the organization quarterly or annually. and its whole sole company how much they need to share among the employee.
Johnson Enterprises uses departmental overhead rates to allocate manufacturing overhead to jobs. The company has two divisions: Production and Assembling. The Production Division uses a departmental overhead rate of $40 per machine hour, while the Assembling Division uses a departmental overhead rate of $25 per direct labor hour. Job 757 used the following direct-labor hours and machine hours in each division.
Actual Results
Production Division
Assembling Division
Direct labor (DL) hours
10
7
Machine Hours
12
9
The cost for direct labor is $35 per hour and the cost of the direct materials used by Job 757 is $1,500.
How much manufacturing overhead would be allocated to Job 757 using the departmental overhead rates?
Answer:
$665
Explanation:
The computation of the manufacturing overhead is shown below:
= Departmental overhead rate per machine hour × number of machine hours + departmental overhead rate per direct labor hour × number of direct labor hours
= $40 × 12 hours + $25 × 9 hours
= $480 + $225
= $665
We use only the departmental overhead rate for finding out the manufacturing overhead account
Bartie's Inc. sells watercolors and pastels that are marketed as safe for use by children. However, several accounts of lead poisoning were reported in children who used the products. An investigation revealed that the company was knowingly manufacturing colors that contained a significant amount of a toxic heavy metal. Which of the following torts has Bartie's committed? A) negligence B) Negligence C) misrepresentation D) conceals a defect in a product
Answer:
C) misrepresentation
Explanation:
Misrepresentation is the act or offense which gives the nature of something as false or a misleading account of it.
The aim of a fraudulent action is to deceive an innocent party into believing something has extreme worth (or is worthless), something that the offender knows is inaccurate.Rescission and/or real damage are the solutions for misrepresentation. The complainant may seek cancelation and damages for dishonest and malicious misrepresentation.
Danes generally are not afraid of taking chances; they are comfortable doing things that are not carefully thought out or planned. Denmark's "flexicurity" policy combines free labor markets with adjustable welfare benefits. This is an example of the application of Hofstede's typology under the values which highlight: Group of answer choices
Answer:
uncertainty avoidance
Explanation:
Based on the information provided within the question it can be said that this is an example of the application of Hofstede's typology under the values which highlight uncertainty avoidance. This term refers to the difference between cultures pertaining to the amount of unpredictability that they can tolerate. Which in this scenario is stating that the Danes have a high tolerance for unpredictability.
When faced with a business problem, Lauren, a young shoe store owner, discusses business problems with Kurt, the assistant manager and an employee for over 30 years. Lauren believes Kurt "has seen it all" and knows there are few really new ideas; plus the business has done many simple things, such as offering friendly service, to create and maintain a competitive edge. Lauren's management style is best described as __________.A. bottom-up.
B. family style.
C. contingency.
D. evidence-based.
E. behavioral.
Answer and Explanation:
D. evidence-based
A title for goods obtained by a seller through fraud, impersonation, or a dishonored check is referred to as a(n. ________.
Answer:
voidable title
Explanation:
A voidable title is considered good and valid title until voided.
For example, I purchase a PS4 from my nephew who is a minor and I sell it to my neighbor, and my neighbor purchased it on good faith. My nephew can decide to void the contract because he was a minor, but since I passed good title to my neighbor while the contract was valid, my neighbor doesn't have to return the PS4.
The difference with a void title is that a void title was never good and valid.
On the other hand, if I had stolen the PS4, I would never have good title over it, and I sell it to my neighbor. The rightful owner of the PS4 can claim it back and my neighbor must return it because the contract was void since I never had good title on the PS4.
The Japanese automobile manufacturer Mazda produces the Premacy SUV in Haikou, China at a plant it built in the Chinese province. Mazda is using _____ to engage in global trading.
Answer:
foreign direct investment
Explanation:
Foreign direct investment (FDI) refers to a company from country A investing in another country B, either by setting up their own business operations or acquiring a domestic firm. FDI requires that the new company in country B is controlled and managed by the investor form country A.
Mazda is utilizing foreign direct investment strategy for global trading by establishing a production facility in Haikou, China to manufacture the Premacy SUV.
Explanation:The Japanese automobile manufacturer, Mazda, is using foreign direct investment (FDI) to engage in global trading. FDI occurs when a company invests directly in facilities to produce or market a product in a foreign country. In this case, Mazda has established production facilities in Haikou, China where they produce the Premacy SUV. This strategy allows Mazda to take advantage of cheaper production costs and gain a stronger foothold in the Chinese market, one of the largest automotive markets in the world.
Learn more about Foreign Direct Investment here:https://brainly.com/question/33119587
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Suppose an economist advises a state's governor to raise the tax on cigarettes. The governor does not implement the policy because it would not be popular with voters. Which of the following statements best describe the scenario?
a. This is an uncommon occurrence. More often than not, policymakers follow the advise of economists
b. This is a common occurrence. The policymaker knows the best policy but chooses not to institute it for other reasons
c. This would never happen because policymakers always follow economists' advice
d. This is a common occurrence. Policymakers typically disregard economists' advice since they don't believe it's useful
Answer:b. This is a common occurrence. The policymaker knows the best policy but chooses not to institute it for other reasons
Explanation:Policymakers are usually politicians and politicians always consider what is most favoured by the public which is likely to score them more fans and anything that is popular amongst the public they will support so that they win more voters other than that they will neglect even the best policy if it means they may lose their voters.
An observer may conclude that the organizational culture of Zappos, an online retailer for shoes and clothing, might be the basis for its competitive advantage. However, reverse social engineering to crack Zappos' code of success might be much more difficult for a company trying to exactly imitate its strategy. Thus, the source of Zappos competitive advantage is said to be ___________.a. non-ambiguous
b. socially complex
c. inexhaustible
d. non-substitutable
Answer:
b. socially complex
Explanation:
When competitive advantage are based on such the source is said to be "socially complex". That is the ability for a firm to imitate another firm because of its resources and capabilities and this advantage might not yield positively in the long run.
Answer:
B) socially complex
Explanation:
When something is said to be socially complex, it means that it involves several aspects of human existence or in this case, corporate existence. As humans we deal with different phenomena in our cultures, e.g. immigration, conflicts, political movements, unions between individuals (formerly marriages), etc.
A socially complex organization has a strong and unique organizational culture, well defined and efficient leadership and strong interpersonal relationships between the internal actors (employees and management) and also with external actors (customers and their relationship with the organization).
That is why Zappo's organizational model is so hard to copy since you cannot replicate an organization's culture, you can only try to imitate it but the results may not necessarily be positive. What works for a society might not work for another, and the same applies to different companies.
It is the custom for paper mills located alongside the Layzee River to discharge waste products into the river. Operators of hydroelectric generating plants on the river find that they must clean up the river's water before it flows through their equipment. The above situation is an example of___________.
Answer:
negative externality
Explanation:
A negative externality happens when a third party suffers from an economic transaction carried out by someone else.
In this case, the original economic transaction occurs when the paper mills decide to pollute the river instead of properly disposing their wastes. As a result of that previous transaction, a third party (the hydroelectric generating plant) must spend money and resources to clean up the pollution generated by the paper mills.
Quick Market Inc. is a food supply company that wants to sell its products directly to consumers through mail order instead of going through supermarkets and other stores. However, supermarket chains want to make this transaction either illegal or more difficult for Quick Market. To accomplish this, they are using ________ to influence the political process.
A. ecological factors
B. lobbying forces
C. demographic research
D. interest rates
Answer:
B. lobbying forces
Explanation:
The supermarket use lobby to congresspeople to push for legislation on the subject in their behalf and against Quick Market Inc desires of eliminating the supply chain and selling directly to the final consumer.
Though legislation they will make it illegal or try to increase the burocratic cost with permits and form needed to autorize retail sale.
XYZ wishes to advertise a property that has been listed by John Smith, a salesperson who goes by the name of Jake. The salesperson wants his name to be included in the ads so the public can call him. What must be included in the ad?
Explanation:
If "XYZ" wants to advertise a property and also to include the name of the sales person then the company needs to be consider the following:
• The sales person is the one who directly meets people and bring business
• His name is essential because, he has pitched and it will be easier for both customer to ask query and sales person to answer and to close the deal
• Contact number is mandatory in the advertisement to get customers.
• Since the sales person has nick name, both nick name and brokerage name has to be listed.
Many states have appointed or elected commissions that oversee the business practices of utilities and other industries that serve the public interest. For a company operating in one of these industries, dealing with this important state-level regulatory commission is an important element of the:
A. legal environment.
B. social environment.
C. monopoly environment.
D. technological environment.
E. corporate environment.
Final answer:
A company in a regulated industry, such as utilities, deals with state-level regulatory commissions as part of its legal environment, ensuring compliance with public interest regulations and monopoly management.
Explanation:
For a company operating in an industry that is regulated by state-level commissions, such as utilities, the interaction with these commissions is a key aspect of the legal environment. These regulatory commissions ensure the company abides by laws and regulations designed to protect public interests, regulate monopoly powers, and often, manage businesses that are subject to economies of scale. Dealing with these commissions, therefore, becomes vital, as it affects legal operations like requesting rate increases, justifying business practices, and ensuring compliance with regulatory standards set by the government.
A cabinet shop produces and installs cabinets. Business is good, and the shop has an unlimited number of customers willing to pay $100 for each cabinet in- stalled. However, for the next month, the shop has only 1750 hr of labor and 1032 units of wood that it can commit for cabinet production. Each installed cabinet requires 5 hr of labor, 3 units of wood, and one frame. The frames can be prepared in the shop before installation, with each frame requiring 2 hr of the shop's labor and 1 unit of its wood, or they can be bought ready for instal- lation from the local mill for $27 each. The shop pays $6/hr for labor, $5/unit for wood, and only pays for the labor and wood used. For the next month, how many cabinets should the shop install, and how should the necessary frames be generated so that net income is maximized?
Answer:
He should install 344 cabinets and the frames should be bought for installation from the local mill
Explanation:
Time available for labor = 1750 hr, number of woods available = 1032 units
Requirement for each cabinet installed
5 hr labor, 3 units of wood and 1 frame
Number of cabinets that can be produced is 344
Total expenditure for 344 installed cabinets = (1720 hr of labor×$6) + (1032 units of wood × $5) + (344 frames × $27) = $10,320+$5,160+$9,288 = $24,768
Revenue = 344 × $100 = $34,400
Net income = $34,000 - $24,768 = $9,632
Which of the following is TRUE about the FAFSA?
There is a fee for filing the FAFSA.
You want to apply as soon as you can for the FAFSA since financial aid is often awarded on a first come, first served basis.
Submitting the FAFSA guarantees you will receive financial aid.
You file it just one time - the year before you start your first year in college.
Answer:
The correct answer is letter "B": You want to apply as soon as you can for the FAFSA since financial aid is often awarded on a first come, first served basis.
Explanation:
The Free Application for Federal Student Aid (FAFSA) is the form that current and existing college students submit to the Scholars at Risk (SAR) Network to obtain financial support for their studies. The applications are typically received until June 30th, each year in some states while other states have the ending of February as the deadline. It is suggested for students to send their application the soonest they can since some states evaluate applications according to the order in which they are submitted.
Answer:
The correct answer is letter "B": You want to apply as soon as you can for the FAFSA since financial aid is often awarded on a first come, first served basis.
Explanation:
I just did it on edge 2020
At Zara, clothes are ironed in advance and packed on hangers, with security and price tags affixed. This system means that employees in Zara stores simply move items from shipping box to store racks, spending most of their time on:
Answer:
The correct answe is: Value-added functions such as helping customers find what they want.
Explanation:
Customer service is a necessary investment in any company, as important as the product or service we sell.
The added value is the additional one offered to the customer for the purchase of one of their products or services. The objective is for the client to feel that he is obtaining greater benefits. Usually, value added is a rare feature in companies.
To the extent that a company is able to create a product or service that offers added value, it will have greater growth potential. This does not imply that other companies that are already underway cannot generate added value. Moreover, they are obliged to do so to differentiate themselves from their competition.
Generating added value in your products allows you to increase your prices, every time you give customers a product or service that is not registered in the competition.
In Agile projects early risk planning, assessment and response planning is done at a high level, and more detailed and timely risk management occurs during the planning of each subsequent iteration, in daily stand-up meetings, and in retrospectives at the end of each iteration.True / False.
Answer:
TRUE
Explanation:
Quick program management relates to the factors which determine the success or failures of a task. Risk assessment doesn't need to provide structured risk reports and reviews on agility programs. Risk management is integrated into scrum jobs, tools, and activities.
Agile risk assessment is achieved more by then describing activities. Several Agile methods search throughout the process to define and minimize the risks.
A point inside the production possibilities curve represents a combination of goods that is
Answer: EFFICIENT
Explanation: Production possibility Curve or frontiers is a graphical representation of the combination of two goods to give an efficient output or outcome considering the prevailing market conditions.
Production possibility Curve is used by business managers to determine which product combination can a business organization derive maximum or efficient benefits. A point in the curve of the production possibility Curve represents/ shows a combination of goods that is efficient considering the prevailing market conditions.
XYZ Corporation is headquartered in the United States and is opening a new office in Singapore. The company decides to send a U.S. citizen, who is a senior manager at its U.S. office, to help set up the new office in Singapore. The senior manager is referred to as______ in Singapore.
Answer:
Expatriate
Explanation:
An expatriate is a professional who opts to works in another country other than his or her native country. To be regarded as an expatriate, the worker has to be highly skilled. He or she must be living and working in a foreign country.
An expatriate leaves their country to a different nation to provide specialized labor services, not for any other reason. The US citizen leaving for Singapore will be described as an expatriate. He is highly skilled and knowledgeable on the operations of XYZ corporations. The purpose of him being in Singapore is to offer his expertise to the new branch.
A matrix organization is any organization in which the project manager or project team leader actually shares responsibility for the project with a number of individual functional managers.A. TrueB. False
Answer:
True
Explanation:
Since a matrix organisation is when an individual report to more than one supervisor or leader. Therefore the relationship is referred to solid line or dotted line reporting