Jeffrey's experience is an example of the invisible hand concept.
What is the invisible hand concept?The invisible hand is known and regarded as a form of metaphor that iis often used for things that are unseen/ unseen forces that tends to shift the free market economy.
An individual self-interest and freedom of creation and consumption, the interest of society, as a whole, are meant via this invisible hand concept .
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Economists assume that people are rational in the sense that.
The president of the Northwoods University student body made a formal request to the IT department for additional computers in the main computer lab. The student body president is the ________ in the buying center.
A. initiator
B. gatekeeper
C. decider
D. buyer
E. gateway
Because of the formal request made, the President of the University is the:
A. initiatorWho is an Initiator?This refers to a person who makes the first offer for a thing or starts off negotiations or requests.
With this in mind and from the given question, we can see that because the president of the University made the formal request for additional computers, then he is the initiator.
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Why do you feel we should choose to hire you over other candidates?*
1
Answer:
Because you have a unique skill that they will need.
Explanation:
Which level of strategy is concerned with how much to spend on marketing or whether to expand facilities?.
Corporate In corporate level of strategy serves as the level of strategy is concerned with how much to spend on marketing or whether to expand facilities.
What is Corporate-level strategy?Corporate-level strategy can be regarded as the action taken to gain a competitive advantage.
Thus action can be taken through the selection as well as management of businesses competing in several industries
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Discretionary fiscal policy may fail to stabilize the economy or may even make the economy less stable because of:
Answer:lags in deciding and implementating a policy change
Explanation:
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hen calculating the cost of direct materials on the schedule of cost of goods manufactured, the cost of indirect materials is ______. Multiple choice question. subtracted from beginning Raw materials inventory added to raw materials used in production added to beginning Raw materials inventory subtracted from raw materials used in production
It should be noted that When calculating the cost of direct materials on the Schedule of Costs of Goods Manufactured,
The cost of indirect materials must be Subtracted from raw materials used in production.
What are Direct material costs ?Direct material costs can be regarded as those cost of the raw materials as well as those components used in making the product.
Therefore, the cost of indirect material is required to be Subtracted from raw materials used in production.
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Answer: subtracted from raw material used in production
Explanation:
What was the ending balance?
A.) $597.35
B.)$715.26
C.)$751.58
D.)$880.88
Answer:
C
Explanation:
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The CEO of Whole Foods Markets is John Mackey. It has a set of quirky management rules that makes Whole Foods an odd but effective workplace. Every store is divided into about eight functional teams: An employee is hired provisionally to a store team. After four weeks of work, the team votes whether to hire him or her; a two-thirds yes vote is necessary to join the staff permanently. Which leadership style appears to be used by Whole Foods?
A) Reactive
B) Multi-dimensional
C) Democratic (participative)
D) Defensive
E) Autocratic
The type of leadership style used by the management of Whole Foods is known as a Democratic or Participative leadership style
What is a democratic leadership style?
The democratic leadership style refers to a style where all members of the group or firm must take a participative role in the decision-making process in the organization.
Hence, since the two-thirds of the employees voted yes, thus, they are actively participating in the decision-making.
Therefore, te Option C is correct.
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Edna has been tasked with maintaining her sorority database, which contains many elements of students' personal and academic information. Which of the following considerations will probably be MOST important to Edna if she plans to use the database for creating data queries and reports?
A. Developing an attractive graphic representation of the data.
B. Printing and checking the database weekly.
C. Sending out regular announcements to the students.
D. Gathering and tracking the unique data.
Answer:
Gathering and Tracking the Unique Data
Explanation:
A department has total conversion costs of $153,300 and total materials costs of $250,025. If the department has 36,500 equivalent units of production for both materials and conversion costs, what is the total manufacturing cost per unit?
The total manufacturing cost per unit for the department is $8.65 per unit
What is manufacturing cost?Manufacturing cost refers to the cost associated with producing goods and services. It is the cost directly related to manufacturing the products.
Manufacturing cost is computed as:
= Total materials costs / Equivalent units of production
= $250,025 / 36,500
= $8.65 per unit.
Hence, the total manufacturing cost per unit for the department is $8.65 per unit
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Herzberg studied job-related factors as they relate to.
The main factor which Herzberg studied uh job related factors was their relationship to motivation.
What is Motivation?This refers to the factors which spurs on a person to behave in a certain way or perform certain tasks.
With this in mind, we can see that Herzberg was an expert in motivation and their effect on people and he evaluated job related factors.
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Declan plans to open up three Pizza Pals franchises in the greater Phoenix area. He tells you that he plans to negotiate with the franchisor to get rid of the giant Preston the Pizza that sits on the roof of all Pizza Pal restaurants. Declan is likely to learn that
Declan is likely to learn that it is nonnegotiable due to company rules.
What is franchises?Franchises can be defined as the right given to a person by franchisor to sell a product using the franchisor brand name or trademark.
Based on the given scenario Declan cannot negotiate with the franchisor who is the person the original owner of the business to get rid of the giant Preston because it is nonnegotiable due to company rules.
Inconclusion Declan is likely to learn that it is nonnegotiable due to company rules.
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Using the aging of receivables method, an unadjusted Allowance for Doubtful Accounts will have a debit balance when the amount of write offs recorded during the period is ______ the amount estimated to uncollectible in the prior accounting period. Multiple choice question.
Using the aging of receivables method, an unadjusted Allowance for Doubtful Accounts will have a debit balance when the amount of write offs recorded during the period is greater than the amount estimated to uncollectible in the prior accounting period.
What is the aging of receivables method?The aging of receivables method is a method of accounting for Allowances for Doubtful Accounts whereby the ages of uncollected receivables are indicated in order to assess the accounts that are past due to be treated as uncollectible allowances.
An entity can adopt either the aging method or the percentage method to estimate the amount of its uncollectible accounts.
Thus, the unadjusted Allowance for Doubtful Accounts will have a debit balance when the amount of write offs recorded during the period is greater than the amount estimated to uncollectible in the prior accounting period.
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A free enterprise system refers to:______.
a. Economic assets that are privately owned and exchanged in an open market.
b. Property ownership by a centralized government.
c. A mix of privately owned and government controlled economic assets.
A free enterprise system refers to : Economic assets that are privately owned and exchanged in an open market.
What is a free enterprise system?A free enterprise system refers to an economy, where the market determines prices, products, and services as compared to the government. This means that businesses and services are free of government control.
The free enterprise system allows for the privilege of individual ownership of property and the means of production.
Hence, a free enterprise system refers to economic assets that are privately owned and exchanged in an open market.
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In one sentence, explain what would happen to the market value of professional baseball players if fewer fans watched baseball games.
If fewer fans watch baseball games, the market value of professional baseball players would fall.
What is the impact of fewer fans watching baseball games?If fewer fans watch baseball games, the income earned from selling baseball tickets would decline as less tickets would be sold.
As a result of the reduced income from the sales of baseball tickets, the income that processional baseball players would earn would decline. This would decline their market value.
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A product has a selling price of $10 per unit, variable expenses of $6 per unit and total fixed costs of $35,000. If 10,000 units are sold, net operating income will be $_______.
The net operating income on a product sold for $10 per unit is $5,000.
What is the net operating income?Net operating income(NOI) is the profit margin of an income-producing asset before any financing or tax charges are factored in.
The net operating income is computed by Subtracting all operational expenditures from all money collected on a property.
Mathematically;
NOI = ($10 - $6) × 10,000 - $35,000
NOI = $5,000.
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After an organization has determined which of the many segmentation variables it will use, the next step in the target market selection process is Group of answer choices evaluating each of the relevant market segments. analyzing the interaction between segmentation variables. selecting the specific target markets. developing market segment profiles. reviewing the appropriate marketing strategy.
After an organization has determined which of the many segmentation variables it will use, the next step in the target market selection process is to develop the market Segment Profiles.
How to determine the segmentation of variablesSegmentation of variables is defined as the characteristics of people that are used to determine their similarity.
Some of the important steps needed for the target market are:
Step 1: Identification of the appropriate targeting strategy.Step 2: Determination of the segmentation Variables to Use. Step 3: Development of market Segment Profiles. Step 4: Evaluation of the relevant Market Segments. Step 5: Selection of the specific Target Markets.Based on the listed test, we can conclude that after an organization has determined which of the many segmentation variables it will use, the next step in the target market selection process is to develop the market Segment Profiles.
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The current portion of long-term debt is a balance sheet item for Flavorful Products Company. How would it most likely be classified on the balance sheet
it would be classified as a non current liability
If you saw an advertisement for an electric car that boasted 500 miles between battery charges, what form of non-price competition would that be?.
Non-price competition is a marketing strategy in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship. Consequently, the answer is:
advertisement- physical characteristicsAdvertisingThe most common or basic form of non-price competition is advertising. Non-price competition in economics consists of expenditures that are promotional such as sales promotion, coupons, advertising, and others. It also consists of the development of the new products, marketing research, and costs of brand management.
Therefore, the correct answer is given above.
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The Law of Supply states that __________________ of a product will be offered at a high price and __________________ of a product will be offered at a low price
There are a lot of laws. The Law of Supply states that as prices rise, the quantity supplied increases and as prices fall, the quantity supplied decreases.
What is the law of supply?The law of supply is known to be a popular microeconomic law that states that, when all other factors are equal, the price of a good or service goes up, the quantity of goods or services that suppliers gives will also goes up, and vice versa.
The Law of Supply in simple terms is as prices rise, the quantity supplied goes up and as prices fall, the quantity supplied lowers. The law of supply makes sure that producers make a lot of money as much as possible.
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Hal, a resident of Illinois, owns a warehouse in Indiana. A dispute arises over the ownership of the warehouse with Jack, a resident of Kentucky. Jack files a suit against Hal in Indiana. Regarding this suit, Indiana has
In terms of the above suit, Indiana has in remjurisdiciton.
What is In Rem?This is known to be a Latin word that means, "against a thing." It is said to be in terms of the status of a specific piece of property.
In-rem jurisdiction is known as the power of a court that it has over an item of real or personal property. The court that has only in-rem jurisdiction is one that can call off a marriage or declare who is the true owner of a piece of land.
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Publishers and printing companies are both involved with books, magazines, and newspapers. One type of company is considered part of the manufacturing section, because it produces the physical product: books, magazines, newspapers, and so on. What sector does publishing belong to, since it does not produce a tangible product (until printing transforms it into one)
The sector that the publishing belong to, since it does not produce a tangible product is called quaternary sector.
What is quaternary sector.Quaternary sector is a sector that has to do with making research or conducting research.
Based on the given information the sector that the publishing belong to will be quaternary sector reason being that before a book , magazines and newspaper is published, research has to be conducted or research has to be carried out.
Inconclusion the sector that the publishing belong to, since it does not produce a tangible product is called quaternary sector.
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Salespeople receive a 7% commission on all items that they sell. Their sales for one day totaled $675. What was the amount of commission received for that day? $20. 25 $47. 25 $202. 50 $472. 50.
Answer:
Its 47.25
Explanation:
How political and international fators pose challange to business
Answer:
Political risk may also result from events outside of government controls such as war, revolution, terrorism, labor strikes, and extortion. Political risk can adversely affect all aspects of international business from the right to export or import goods to the right to own or operate a business.
Explanation:
If a tax is levied on the sellers of a product, then the demand curve will:.
Answer:
increase, shift upwards
Explanation:
more customers will buy
Merv is a bulldozer operator. He was hired by Carla to fill in a swampland on her property and they signed a contract for him to do it on March 1st. On February 28th, Merv is informed by a city official that the swampland Carla wanted filled in is protected wetlands and it would violate environmental law to do the job. If Merv then calls Carla telling her the deal is off and Carla threatens to sue for breach of contract, what result
If Merv calls Carla telling her the deal is off and Carla threatens to sue for breach of contract, the result is:
The contrails void, Carla losesWhat is a Contract?This refers to the legally binding agreement between two or more people about a particular request or work.
With this in mind, we can see that because Merv is hired by Carla to fill a swampland and he is later informed that the land is in protected wetlands, this makes the contract void and Carla loses because it is not of the doing of Merv.
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What’s one category you wish fewer taxes were spent on ? why? 2.what’s one category you wish more taxes were spent on? why?
Answer:
FIREfighter. works for good
Explanation:
Firlit Corporation incurred $69,000 of actual Manufacturing Overhead costs during October. During the same period, the Manufacturing Overhead applied to Work in Process was $70,000. The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a:____.
A) debit to Work in Process of $70,000.
B) credit to Work in Process of $70,000.
C) debit to Manufacturing Overhead of $69,000.
D) credit to Manufacturing Overhead of $69,000.
The government is in charge of everything in a command economy Question 2 options: True False.
Answer:
•true
I hope it will help you have a great day bye and Mark brainlist if the answer is correct
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Option A to buy a house has a monthly cost of 618 dollars, up-front cost of 24,000 dollars, and advantages of a home equity and a yard for a pet. Option B to rent close to work has a monthly cost of 950 dollars, up-front cost of 1,900, and advantages of convenient location, garage, and pool. Option C to rent further out has a monthly cost of 600 dollars, up-front cost of 1,200, and advantages of 2 bedrooms, light-rail, and pool. Based on your budget, which housing option is the best financial decision for you? Explain your answer in at least two sentences.
The housing option that would result in the least cost will be the best financial decision. Option C is the best fit for the requirement.
What is Financing decision?Financing decision is a management term that involves decisions regarding the type of finance, the acquistion of asset, interest analysis, and so on.
The financing decision regarding buy or rent of a house can be taken after analysing the cost involved in all the options.
The cost involved in Option A for a year is:
[tex]\rm Total\:cost = Monthly \:cost + Up-front\:cost\\\\\rm Total\:cost = (\$618\times 12) + \$24,000\\\\\rm Total\:cost = \$7,416 + \$24,000\\\\\rm Total\:cost = \$33,608[/tex]
The cost involved in Option B for a year is:
[tex]\rm Total\:cost = Monthly \:cost + Up-front\:cost\\\\\rm Total\:cost = (\$950\times 12) + \$1,900\\\\\rm Total\:cost = \$11,400 + \$1,900\\\\\rm Total\:cost = \$13,300[/tex]
The cost involved in Option C for a year is:
[tex]\rm Total\:cost = Monthly \:cost + Up-front\:cost\\\\\rm Total\:cost = (\$600\times 12) + \$1,200\\\\\rm Total\:cost = \$7,2 00+ \$1,900\\\\\rm Total\:cost = \$8,400[/tex]
The option C is the most profitable one since it involves least cost. The monthly cost and the up-front cost together makes up the total cost.
If we consider the budget for 1 year, Option C will have least impact on the budgeted income and net profits.
Therefore Option C is the best financial decision.
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Answer:
Option C, the apartment on the light-rail line, is the best choice because it fits within my housing budget. Buying a home (Option A) is not possible, because I do not have enough saved for a down payment. Option B is close to my work, but it is more expensive and will not fit in my budget.
Explanation:
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