Answer:
The government has two major roles;
a. The role of a rule maker.
b. The role of an umpire.
Explanation:
a.
A free enterprise system is an economic model where the prices and quantities produced are determined by the market rather than the government. The government usually has limited or no control on the market forces. In other words, a free enterprise system is an ideology where the market is majorly controlled by private businesses. The foundation for free markets are; voluntary trade, private ownership of property and competition in bidding. However, a government controlled economy usually has the following properties, namely; all property is publicly owned, trade is coerced and there is limited competitive bidding. Even though the government has a limited role in a free enterprise system it still has a role in allowing individuals to operate freely in the market. The roles of the government are; rule maker and umpire.
b.
In a free enterprise system, individuals are allowed to do their transactions without any restrictions. Even though individuals are free to operate, there needs to be rules to make sure that the transactions are in deed free. This is where the government comes in to enforce the laws that govern the smooth running of a free enterprise system. The government's role as an umpire means that the government has the authority to solve disputes resulting from different interruptions of the law.
When people buy more of a certain good as they get more money, this good
is considered
When people buy more of a certain good as their income increases, it is considered a normal good. The demand for normal goods increases with higher income, while the demand for inferior goods decreases. Luxury goods are a subset of normal goods that take up a larger fraction of income as it rises.
When people buy more of a certain good as they get more money, this good is considered a normal good. Normal goods see an increase in demand as income increases, exemplified by products such as luxury cars, vacations in Europe, and fine jewelry. Goods of this category contrast with inferior goods, where demand decreases as consumer income rises - something observed with items like generic brand groceries and used cars. Furthermore, within the normal goods category, if the percentage increase in consumption of a good is larger than the percentage increase in income, that good is deemed a luxury good.
Therefore, for luxury goods, a higher fraction of income is spent on them as incomes rise. In summary, the way in which demand for a good changes in response to income levels helps economists classify products into these crucial categories.
A good that is bought more as income increases is called a normal good. Examples include luxury cars and vacations. Conversely, inferior goods see decreased demand as income rises.
When people buy more of a certain good as they get more money, this good is considered a normal good. This is because the demand for a normal good increases as income increases. For example, luxury cars, vacations in Europe, and fine jewelry are typical examples of normal goods whose demand rises with an increase in income.
Conversely, goods whose demand decreases as income increases, like generic brand groceries or used cars, are termed inferior goods. In economics, a luxury good is a type of normal good for which the proportion of income spent on the good increases as income rises, indicating that the percentage increase in consumption of the luxury good is greater than the percentage increase in income. This categorization helps explain consumer behavior patterns at different income levels.
plz help What do the Manufacturing Production Process Development, Logistics and Inventory Control, and Health, Safety, and Environmental Assurance pathways have in common? They all involve producing retail products. They all involve evaluating and creating processes. They all involve producing automotive products. They all involve evaluating and creating safety procedures.
Answer:
The last: D, They all involve evaluating and creating safety procedures
The manufacturing production process development, Logistics and inventory control, and Health Safety and Environmental pathways have this in common: They are all involved in evaluating and creating safety procedures.
What is a Safety Procedure?A safety procedure is a step-by-step evaluation and plan of how to carry out a work procedure. A safety procedure makes sure that before work is started, all safety requirements must be met including identifying potential hazards.
The Manufacturing production process development, the Logistics and inventory control, and the HSE department all have a similar role in evaluating and creating safety procedures for work.
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Select the correct answer from each drop-down menu. Fabian inherited some money from his family and decided to open a hardware store on his own. He bought the entire inventory on credit from vendors with the promise of paying them later. He hoped to have good sales when he opened the store because there weren’t any other hardware stores in the area. However, he couldn’t sell most of his stock because there did not seem to be any demand. He knew he wouldn’t be able to pay the creditors from the money the store made. What kind of ownership does Fabian have over his store? What kind of liability is Fabian open to regarding the money owed to his creditors? Fabian has over the store. He has with respect to the money owed to his creditors.
Fabian holds a sole proprietorship over his store and has unlimited liability for the debts of his business. If his business is unable to pay its creditors, they can access his personal assets to recover their money.
Explanation:Fabian has sole proprietorship over his store since he owns and operates it on his own. In terms of the money he owes to his creditors, he has unlimited liability. This means that Fabian is personally responsible for all the debts of his business. If his business cannot pay its creditors, they have the legal right to claim Fabian's personal assets including his car, house, or other assets to recover the money owed to them.
For example, let's consider this scenario: If a bank lends money to a business, as Singleton Bank did when it lent $9 million to Hank's Auto Supply, the bank records this loan as an asset, as it will generate interest income. If the business can't pay back, depending on the agreement, the bank may be able to claim the business owner's personal assets to recover the loan. Since Fabian has purchased the inventory on credit promising to pay the vendors later, similar rules apply.
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What is one of the reasons for significant growth in the employee relations field
Good relations with workers are important to every business
Explanation:
Nonetheless, employee relationship problems still prevalent in the workplace which prevent employees from reaching their goals.
Good employee relationships are important for every business as managers and employees exchange positive relationships, workplace engagement, efficiency, and inspiration.
There are four simple ways administrators can help to maintain good relationships with workers:
Open CommunicationShowing RecognitionConstant FeedbackInvest In EmployeesInflating your income to get a loan approved is:
Answer:
If you falsely inflate your income, decrease your rent/mortgage payment, claim to be employed when you aren't or neglect to report your entire debt load, you may be approved for more credit. This may sound tempting, especially if you're in financial straits, but it's illegal
Complete the following sentence.
___ is what and why an organization will do to make its vision a reality.
Answer:
The answer is "Mission".
Explanation:
Vision is a dream. In fact, it is the dream of the founders of where the business will go and what it will do!
Mission is the foundation of realization of the Vision and afterwards the organizational strategies and objectives are created based on the mission.
having a realist and attainable mission is a must for an organization to thrive!
employees expect their managers to practice management by,
A. informal teams
B. focus groups
C. horizontal
D. task force
Answer:
informal teams
Explanation:
that way the job can be a little fun and not to serious.
Select the correct answer. What is a good practice when you are implementing your goals? A. Follow a rigid pattern while implementing them. B. Extend the timeline of the goals. C. Prepare a checklist of small goals. D. Concentrate only on long-term goals.
Answer:
What is a good practice when you are implementing your goals?
The best practice when implementing ones goals is to follow a rigid pattern while implementing them
Explanation:
While you maintain a rigid implementation, this strictly reduce distractions from achieving such goals also it helps to maintain focus allthrough implementation.
The law of demand states that ____________and quantity demanded are _____________ related, ceteris paribus.
Group of answer choices
price; directly
price; inversely
demand;inversely
quantity supplied; directly
supply; directly
Answer:
price; inversely
Explanation:
When all other factors that affecting the demand and the quantity demanded such as the customer likeness, price of other goods, quality of the goods and macroeconomic conditions are unchanged, if the price of a good increases, the quantity demanded will decrease and vice versa.
The law of demand in economics states that price and quantity demanded are inversely related, meaning as price increases, quantity demanded decreases, ceteris paribus.
Explanation:The law of demand is a fundamental concept in economics that states a relationship between the price of a good or service and the quantity demanded of that good or service, assuming all other factors remain the same or ceteris paribus. Specifically, the law of demand states that price and quantity demanded are inversely related.
This means that as the price of a good or service increases, the quantity demanded decreases, and vice versa. For example, if the price of apples increases, consumers tend to buy fewer apples. They may switch to alternatives like bananas or oranges. On the other hand, if the price of apples decreases, more consumers may choose to buy apples, resulting in an increase in the quantity demanded.
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This is the same as productivity, as it is quantity of goods or services produced in a given period, by a firm, industry, or country?
answer: output
Answer: output
Explanation: output is the same as productivity because output means the outcome of all the factor input during the production process which can be raw materials, capital and other cost incurred.
The level and quantity of output produced also determine the performance of the industry.
The productivity and output are closely related concepts, with output being one of the key indicators used to assess productivity levels firm, industry, or country that can increase its output while maintaining or reducing input levels is generally considered to be operating more efficiently and achieving higher productivity.
The statement you provided is indeed related to productivity, but it specifically refers to the concept of "output" in the context of productivity.
Productivity is a fundamental economic concept that measures the efficiency of resource utilization in the production of goods and services.
It quantifies the relationship between inputs (such as labor, capital, and technology) and outputs (the quantity of goods or services produced) over a specific period.
Therefore, the statement accurately characterizes productivity by emphasizing that it is concerned with the "quantity of goods or services produced in a given period, by a firm, industry, or country."
Output, in this context, is a critical component of productivity.
It represents the tangible or intangible results of production, whether it's the number of products manufactured, services rendered, or any other measurable outcome.
The higher the output achieved with the same or fewer inputs, the more productive a firm, industry, or country is considered to be.
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Explain how a price system moves a market toward the quilibrium price
Answer:
By setting the price of goods and services at a level where the suppliers and consumers feel comfortable, the quantity of goods and services supplied will be the same as the quantity of goods demanded.
Explanation:
A price system is a means of arranging economic activities by setting the standard prices of goods and services in that particular economy. In this way the agents of demand and supply can have an estimate of the price of various goods and services. In this way, a supplier who doesn't know the price of a goods or service that he/she plans to sell to a different country or region can use the price system to adjust their selling price effectively. On the same note, the consumers can also acquire goods and services that they have never demanded before by using the price system to determine the standard prices for those goods or services.
Prices are a reflection of the consensus between suppliers and consumers about the value of goods and services. The equilibrium price can be defined as the price where the quantity of goods supplied equals the quantity demanded. By setting the price of goods and services at a level where the suppliers and consumers feel comfortable, the quantity of goods and services supplied will be the same as the quantity of goods demanded.
How can the government reduce the wealth gap in a mixed market economy
Answer:
A) The government can control income levels by placing limits on how much citizens can earn
Explanation:
I just took the test
What is the difference between direct and indirect promotional communication?
Answer:
direct marketing is all about being aggressive and chasing your customers with sales pitches that may or may not lead to revenue. Indirect marketing is all about connecting with the audience, giving them information, and getting customers come to you.
Explanation:
What is the difference between board of survey and board of inquiry
Survey is the collection of data attained by asking individuals questions either in person, on paper, on phone or online, while Inquiry is the act of inquiring, a seeking of factual information or knowledge either for an investigation or an incident.
HOPE IT HELPS.
Statisticians use research as a systematic method to achieve the aforementioned objectives. There are various types of research and tools available.
A survey is a type of research, or more precisely, a method and tool for collecting data in research.
When an owner of a building or structure fails to respond to a notice that the building or structure is unsafe, Massachusetts General Laws Chapter 143 Section 8 requires the board to respond.
The board will be made up of the city engineer, the fire chief, and one unaffiliated person designated by the Building Inspector.
The board of inquiry is primarily a produced officers' governmental detachment panel. They are in charge of investigating events, reviewing allegations, and investigating questions of duty performance.
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You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of
your balance will remain?
a) 9.7%
b) 23.6%
c) 47.8%
d)90.3%
Answer:
You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of your balance will remain?
The percent balance will remain 90%
Explanation:
$1725.25 - $167.50= $1557.75
percentage left= 1557.75/1725.25 X 100
percentage left= 90.291= 90.30%
Answer:
D
Explanation:
Account balance =1725.25
Amount to be withdrawn =167.50
What would be remaining =1725-167.50 =1557.75
Percentage remaining = 1557.75/1725.25 *100 =90.3
Type the correct answer in the box. Spell all words correctly. Henry works at a newspaper agency. Here, he works with the editor to put fresh stories in the newspaper every day. This is necessary because, as each day passes, that day’s newspaper becomes old and redundant. Which quality of the newspaper is depicted here? The quality of the newspaper being highly is depicted here.
The quality of the newspaper that is being depicted here is the quality of being perishable.
What does it mean to be perishable?A perishable item is one that does not last very long and can either become old or go out of fashion.
The day's newspaper in this instance, can easily become old and go out of fashion and become redundant so it is perishable.
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Jane has always made budgets for herself. She plans her expenses according to her budget. However, despite creating plans, some unforeseen circumstance often puts her off the budget. Which course of action should Jane follow to prepare herself for unforeseen circumstances and stay on a budget?
A.
follow the plan strictly at any cost
B.
create an emergency fund
C.
follow the same plan
D.
tweak her financial goals
E.
create a new plan similar to the original one
Answer:
B. Create an emergency fund.
Explanation:
All plans are subject to events that are predictable (example: the payment of a montly suscription I made for a specific magazine) and unpredictable (for example, lossing our job and, consequently, our salary).When we made a plan for our expenses and incomes, we should take into account all the items we know with certainty (a fixed rent, fixed or expected expenses, etc), and have a contingency plan in case of unforeseen circumstances. Then, creating an emergency fund is a smart decision to prevent incidentals and to be able to overcome this circumstances without being severely affected when we face an expense we have not prevent.A market economy is based on _____.
Answer:
A market economy is based on capitalism.
Explanation:
I chose personal choice.
(Ironic, right?)
Which sentence in the text signifies the ‘tangibility’ of goods? Valerie went to a supermarket to buy some oranges. She entered the floor of the store where she found many fruits kept in cases. She asked the store helper to direct her to where the oranges were kept. She then checked the texture of the fruits to make sure they were fresh. She checked the price of the oranges. Later, at the cash register, she chose to pay with a credit card.
Tangible means that whatever it is your talking of is easily sensed, through one of the 5 senses. I'm this case the narrator used just enough description that we can get a tangible idea of the orange she picked up. "...checked the texture...to make sure they were fresh," the narrator here describes the fruit in enough detail that we can envision the tangibility of the orange.
Answer:
the sentence before the last one
Explanation:
Select the correct text in the passage. Which statement from the following text signifies a specific goal? Fiona was conducting an employee motivation exercise on the company retreat. The idea was to help the employees in creating specific goals in their lives. The exercise would help the employees realize their goals and state them clearly. In this way, they could effectively visualize their goal and work comprehensively towards achieving it. The exercise began as Fiona asked all the present employees to write down one of their goals on a piece of paper and writing their name on the back of the paper. They had to submit the papers at the end of the exercise. These individual goals would be made into proper laminated certificates and presented back to each employee with their respective goal written on it. Rachel received a certificate, which read her goal as being able to succeed in life. Harold displayed his certificate, which read his goal as being able to acquire three clients in one month. George got his certificate and he pinned it up on his desk. It said that his goal was to be able to lead others in his life. Vivian proudly displayed her certificate, which read her goal as becoming the vice-president of her company.
Explanation:
The expectation in the question is to find specific goals.
I feel Vivian has written a very specific goals which has plan to achieve and which in turn can promote organization by giving input to achieve her goal and because of her goal, she would achieve Vice-President role in the future. So it satisfies both her and the organization.
George & Rachel goal was very general. Harold is specific but it is possible to achieve it easily but does not create major impact.
Which describes the difference between simple and compound interest?
Simple interest is calculated only on the principal amount, whilst compound interest is calculated on both the principal and accumulated interest, leading to potentially higher yields over time especially with larger sums and longer investment periods.
The difference between simple and compound interest relates to the way interest is calculated on the sum of money. Simple interest is calculated only on the principal amount, which means that you only earn interest on the original amount invested or borrowed, without considering any interest accrued over time. The formula used for simple interest is total future amount (with simple interest) = Principal + (Principal imes Rate imes Time).
On the other hand, compound interest involves interest calculation on the principal plus the accumulated interest. This means that interest is calculated not just on the initial principal but also on the interest that has been added to the principal over time. Compound interest can lead to significantly larger growth of the invested or borrowed sum over time, especially with larger amounts and longer investment periods.
For example, if you invest $100 at a 5% annual rate, after three years using simple interest, you would have $115. However, with compound interest, the amount would be slightly higher at $115.76, as you would earn interest on the earned interest as well.
The option (b) is correct because this is calculated only on the original principal amount of the loan or investment. The interest earned remains constant throughout the loan/investment term.
there is something called compound interest, which is based on not requesting the accrued interest for the initial amount of money, but rather that they are maintained and generate interest as well, which would be more effective in case the person or entity wishes to obtain more money.
The other options are incorrect because:
The option (a) is incorrect because the type of loan (size or term) doesn't determine whether simple or compound interest is used. Both can be applied to loans and investments of any size and duration.
The option (c) is incorrect because the type of loan (size or term) doesn't determine whether simple or compound interest is used. Both can be applied to loans and investments of any size and duration.
The option (d) is incorrect because Simple interest only considers the principal amount, not any accrued interest. Compound interest, on the other hand, factors in both the principal and accumulated interest.
The complete question is :
Which describes the difference between simple and compound interest?
(a) Simple interest is paid on small, short-term loans, while compound interest is paid on large, long-term loans.
(b) Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued.
(c) Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans.
(d) Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal.
Each year, Vincent buys the poorest performing major stocks on an exchange and holds them for a year. Why could this be a good strategy? Select the best answer from the choices provided.
A. Stocks that perform poorly one year typically perform better the next year.
B. Stocks that perform poorly have falling prices and, hence, high P/E ratios.
C. Stocks that perform poorly may be undervalued and have prices lower than the companies' performances indicate.
D. Stocks that perform poorly tend to pay larger dividends next year.
Answer:
Your answer would be D
Explanation:
hope this helps.
Typically, high infilation is a sign of...
A.a healthy economy because it results from a fall in production costs.
B.a healthy economy because it results from a rise in consumer interest.
C.a struggling economy because wages cannot keep up with the increase in prices.
D.a struggling economy because it results from a fall in consumer interest.
Answer:
The answer is C.a struggling economy because wages cannot keep up with the increase in prices.
Explanation:
Inflation must be there in an economy. Otherwise the producers and the sellers may lack Ince times for the production.yet only when the inflation is below 5% we consider it as a good level.
But when the inflation rate rises, the most difficult part is to keep up the wage rates in line with it. This is mainly lyrics because when the inflation is high, the purchasing power of the currency falls significantly.
Gerald’s manufacturing firm sold goods worth $6,000 to some customers on credit in the month of January. His customers plan to pay him the entire amount at once in March. Gerald plans to record and recognize this income in the business’s accounts in March. Which accounting method does Gerald’s business follow?
His business follows the _______method of accounting.
Answer:
The cash accounting systems
Explanation:
The cash accounting systems recognize incomes and expenses when paid is received, or when payments are made. Revenue is recorded when customers make payments against an invoice, and expenses recorded when the business pays its payable. The cash accounting system is also called cash basis accounting.
The cash basis accounting system is mostly used by small business organizations. Gerald's manufacturing firm uses the cash accounting system because transactions are recorded when money goes in or out of business. The cash basis is not recommended for large business organizations.
Answer:
cash
it just is!!
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in the leadershio grid employees preferred which of the following styles?
A. time-management
B. country club management
C. middle of the road management
D.authority compliance management
Answer:
C. middle of the road management
Explanation:
Leadership grid refers to a situation when a leader put too much emphasize on one part of the operation while neglecting the others. In the end, this will reduce the overall's productivity.
Example of leadership Grid:
When managers force the employees to work overly long hours every day because they believe it will bring more profit for the company. But in the end, the employees felt a burn out and many of them eventually quit or become too tired to be fully productive.
To handle leaderships grid, middle of the road management tend to be preferred.
The reason for this is that middle of the road management tend to implement balanced concern between the business and the people who work in it. This management will create a schedule that allow the employees to fulfill the needs in their personal life and career. In the long run, this will create a positive environment in the workplace and improve the productivity as a whole.
A person who can afford a monthly payment of
and signed a
mortgage with a monthly payment of was most likely the victim of
predatory lending.
O A. $1000; $1000
O B. $1000; $800
O c. $1000; $900
O D. $1000; $1100
Answer:
A person who can afford a monthly payment of and signed a mortgage with a monthly payment of was most likely the victim of predatory lending.
$1000; $1100
Explanation:
The situation likely involving predatory lending is when a person who can afford a monthly payment of $1000 signs a mortgage with a monthly payment of $1100 (Answer D). This indicates a loan agreement beyond the borrower's means, suggesting potential exploitative lending practices. The correct option is d.
The question relates to identifying a scenario that could potentially involve predatory lending. A person who can afford a monthly payment of $1000 and signs a mortgage with a monthly payment higher than they can afford was likely the victim of predatory lending. The correct answer is:
D. $1000; $1100
By agreeing to a payment that is beyond their financial capability ($1100 when they can only afford $1000), they put themselves at risk of defaulting on the loan, which is a sign that the lender may not have had the borrower's best interests in mind.
Predatory lending practices often involve lending to borrowers who are unable to repay, charging excessively high interest rates or fees, or offering loans with terms that are unfavorable to the borrower. The collapse of many subprime mortgages in the past was connected to such practices, as it led to borrowers being unable to meet their repayment obligations once the
2. The amount of an original investment is called:
a. Principle
b. Term
c. Interest
d. Rate
Answer:
The answer is A
Explanation:
The original initial investment is called the principle.
How can enterprenuership serve as plan B if you don't get a job or acceptance to a Hei
Answer:
Just like a job, Entrepreneurship is one of the option to generate income.
The thing that differentiate Entrepreneurship and a Job is the potential risk and benefits. Entrepreneurship tend to have higher risk of failure compared to a job. But, it also possess the higher potential of income.
If you don't get a job and want to turn to entrepreneurship, the first things you need to get are ideas & Capital.
Ideas determine the type of business that you want to make along with marketing strategy and market market. Your capital is the resources that you need to make your ideas into reality.
Capital could be obtained from Loan, savings, or investment.
For example, One of the sector with lowest Capital is Software , internet content, or digital marketing. But you have to have enough skill in coding or art. you can Find the learning resources for practically zero cost online.
Why is sustainable tourism important
Answer:
It's important because your making a change.
Explanation:
Sustainable tourism is the concept of visiting somewhere as a tourist and trying to make a positive impact on the environment, society, and economy.
4. Explain why SME are flexible and able to adapt more quickly to changes in
consumer demand
Answer:
In business, SME stands for Small to Mid-sized Enterprise.
In order to conduct their operation, Large Enterprises tend to invest heavily on assets that they use to produce a certain product. (such as expensive machinery, long-term Advertising deal, etc)
This investments will cut their cost of production in the long run. BUT, they have to stick to one single type of product. Otherwise, their investment will go to waste.
SME rarely made that type of investment. Typically, their cost of production tend to be higher compared to Large Enterprises. But they can quickly changes and adjust their product following consumer's demand without having to lose a lot of initial investment.