Suppose that Italy and Switzerland both produce fish and stained glass. Italy's opportunity cost of producing a pane of stained glass is 4 pounds of fish while Switzerland's opportunity cost of producing a pane of stained glass is 10 pounds of fish.
By comparing the opportunity cost of producing stained glass in the two countries, you can tell that production of stained glass and has a comparative advantage in the has a comparative advantage in the production of fish. Suppose that Italy and Sweden consider trading stained glass and fish with each other. Italy can gain from specialization and trade as long as it receives more than receives more than of fish for each pane of stained glass it exports to Sweden. Similarly, Sweden can gain from trade as long as it of stained glass for each pound of fish it exports to Italy Based on your answer to the last question, which of the following prices of trade (that is, price of stained glass in terms of fish) would allow both Sweden and Italy to gain from trade?
a. 7 pounds of fish per pane of stained glass
b. 4 pounds of fish per pane of stained glass
c. 11 pounds of fish per pane of stained glass
d. 6 pounds of fish per pane of stained glass

Answers

Answer 1

Answer:

Italy has comparative advantage in production of stained glass

Sweden has comparative advantage in pounds of fish.

Italy can gain from trade if it receives more than 4 pounds of fish for stained glass.

Sweden can gain from the trade if it receives more than 1/10 stained glass for every pound of fish.

d. 6 pounds of fish per pane of stained glass.

Explanation:

Italy and Sweden both countries can produce stained glass and pounds of fish. Italy can produce 4 pounds of fish per pane of stained glass while Sweden can produce 10 pounds of fish per pane of stained glass. This means Italy has comparative advantage in production of pane of stained glass while Sweden has comparative advantage in pounds of fish.


Related Questions

On January 1, Year 1, Renquist Corp. borrowed $100,000 by signing a 5-year note payable with annual interest of 8%. The terms of the contract require Renquist to repay the principal over 5 years with a payment of $20,000 made at the end of each year. On December 31, Year Renquist made the first payment plus interest On January 1 Year 2. what portion of the note should be classified as noncurrent liabilities?
a. $60,000
b. $20,000
c. $80,000
d. $100,000

Answers

Answer: $60,000

Explanation:

The portion of the note that should be classified as noncurrent liabilities will be calculated thus:

Note payable balance on January 1, year 1 = $100,000

Since the terms of the contract require Renquist to repay the principal over 5 years with a payment of $20,000 made at the end of each year, the note payable repaid on December 31, year 1 will be $20,000

Therefore, the note payable balance on Jan 1, year 2 will then be:

= $100,000 - 20,000

= $80,000

Therefore, from the $80,000 note payable, $20,000 will represent current liabilities. Hence, the non current liabilities will be:

= $80000 - $20000

= $60000

Which of the following does NOT describe the front-end business practices of firms that respect the strategic roles of purchasing?
a. Product development is regarded as a front-end business practice.
b. Creativity does not require discipline.
c. Marketing in general is regarded as a front-end business practice.
d. High level of uncertainty is about the fact that people have to make important decisions and although they do not have all the relevant information they need.
e. Front-end business practices are discovery-driven in that they explore and create from what they do not know about.

Answers

Answer:

b. Creativity does not require discipline.

Explanation:

Front end business practice is the strategy to develop and progress business activities from customer perspective. It focusses on customer demand and then products are customized according to customer needs. Marketing efforts are placed to inform customers about the different features of the product.

Suppose that the demand for picture frames is highly inelastic, and the supply of picture frames is highly elastic. A tax of $1 per frame levied on picture frames will increase the price paid by buyers of picture frames by a. $0.50. b. between $0.50 and $1. c. $1. d. less than $0.50.

Answers

SSSSSSSDDDDDSADDDDDDDDDDDDDSADSA

Capri Industries is considering an investment that has an initial cost of $26,500 and the following expected cash inflows: Year Cash Inflow 1 $6,000 2 $8,000 3 $10,000 4 $5,000 5 $3,000 The expected payback period is

Answers

Answer:

It will take 3.5 years to cover the initial investment.

Explanation:

Giving the following information:

Initial investment= $26,500

Cash flows:

1 6,000

2 8,000

3 10,000

4 5,000

5 3,000

The payback period is the time required to cover the initial investment:

Year 1= 6,000 - 26,500= -20,500

Year 2= 8,000 - 20,500= -12,500

Year 3= 10,000 - 12,500= -2,500

Year 4= 5,000 - 2,500= 2,500

To be more accurate:

(2,500/5,000)= 0.5

It will take 3.5 years to cover the initial investment.

The expected payback period is 3.19 years.

Expected payback period is the amount of time it take to recover the amount invested from the cumulative cash flows.

Amount invested = $26,500

Cumulative cash flow in year 1 = $6000

Cumulative cash flow in year 2 = $14, 000

Cumulative cash flow in year 3 = $24,000

Cumulative cash flow in year 4 = $29,000

Cumulative cash flow in year 5 = $32,000

The amount invested would be recovered in the third year.

3 + [tex]\frac{29,000 - 24,000}{26,500}[/tex] = 3.19 years

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Given below are several ratios. Select the accounts or amounts that would be used in order to calculate the ratio. You will have more than one response to each ratio. Some accounts or amounts may not be used at all. (Select all that apply.) Debt-to-equity ratio a.Cash paid for acquisitions b.Interest expense c.Total dividends paid d.Cash flow from operations before interest and tax payments e.Total stockholders' equity f.Net income g.Total liabilities h.Cash flow from operations

Answers

Answer:

Total stockholders' equity.Total liabilities.

Explanation:

The Debt to equity ratio shows the proportions of the financing options used to finance the operations of the company namely debt and equity.

It is calculated by the formula:

= Total liabilities / Total stockholders' equity * 100%

As shown by the formula , the relevant accounts are:

Total stockholders' equity.Total liabilities.

Money demand refers to Group of answer choices the total quantity of financial assets that people want to hold. how much income people want to earn per year. how much wealth people want to hold in liquid form. how much currency the Federal Reserve decides to print.

Answers

Answer:

total quantity of financial assets that people want to hold

Explanation:

Jeff recently purchased a house for $350,000. He made a down payment of $50,000 and financed the balance over 30 years at 7%. If Jeff 's first payment is due on March 1st of the current year, how much interest expense will Jeff pay in the current year

Answers

Answer: $17,434.43

Explanation:

First find the amount that he financed by a loan:

= Purchase price - Down payment

= 350,000 - 50,000

= $300,000

Find the annuity payment using the excel PMT formula:

Rate = 7% / 12 months

Number of periods = 30 * 12 months = 360 months

Present value = -300,000

Future value = 0

Annuity = $1,995.91

Then the schedule is attached.

A closed economy has full employment level of output (Y) of 7000 (we got this from chapter 3 - the interaction of labor supply and demand). Government purchases, G, are 1600, taxes (T) are 1600 (G and T are our exogenous variables). Desired consumption (Cd) and investment (Id) are:

C^d= 3200+ 0.2(Y-T)- 200r
I^d= 1200- 3000r

Required:
Solve for the desired savings function in intercept -slope form

Answers

Answer:

sd = 2720-200r

Explanation:

we have savings function to be this eqiuaton

Sd = Y - C^d

from the question we have here:

Y = 7000

T = 1600

C^d = 3200+ 0.2(Y-T)- 200r

we put these values in the savings function

Sd = 7000 - [3200 + 0.2(7000-1600)-200r

Sd = 7000 - [3200 + 1400 - 320] -200r

Sd = 7000 - 3200 - 1400 + 320 - 200r

Sd = 2720 - 200r

TD Bank has the following assets and liabilities as of year-end. All assets and liabilities are currently priced at par and pay interest annually.

Assets Amount($millions) Annual Rate Liabilities Amount ($ millions) Annual Rate
2-years loans $40 8% 3-years GIC $60 7%
3-years loans $60 8% 5-years term deposit $30 6%
Equity $10
Total $100 Total $100

Required:
a. What is the change in the value of its assets if all interest rates decrease by 1 percent?
b. What is the change in the value of its liabilities if all interest rates decrease by 1 percent?
c. What is the effect on the value of the Fi's equity if interest rates decrease by 1 percent?

Answers

Answer:

a) Change of $2.6 million

b) Change of $3.3 million.

c) Decrease in equity by $0.7 million

Explanation:

a) Determine change in value of assets when interest rates decrease by 1%

i) 2-year loans

Principal Amount = $40  , Annual rate = 8%

Value of asset = P +  interest =  $40 + 6.4 = $46.4

Interest earned = PRT = (40 * 8 * 2) / 100 = $6.4

Given that Annual rate = 8 - 1 = 7%

value of asset = P + interest = $45.6

interest = ( 40 * 7 * 2 ) / 100 = $5.6

change in 2-year loan assets = 46.4 - 45.6 = $0.8 million

ii) 3-year loan assets

Principal amount = $60 , annual rate = 8%

Value of asset = P + interest = 60 + 14.4 = $74.4

interest earned = PRT = ( 60 * 8 * 3 ) / 100 = $14.4

When Annual rate = 8 - 1 = 7%

value of asset = P + interest = 60 + 12.6 = $72.6

interest = ( 60 * 7 * 3 ) / 100 = $12.6

Change in 3-years loan assets = 74.4 - 72.6 = $1.8

∴Total change in value of assets = 1.8 + 0.8 = $2.6 million

B) Change in value of liabilities when interest rates fall by 1%

i) 3-years GIC liability

Principal amount = $60 , interest rate = 7%

Value of liability = P + interest = $72.6

interest = ( 60 * 7 * 3 ) / 100 = $12.6

When interest rate = 7 - 1 = 6%

Interest = ( 60 * 6 *3 ) / 100 = $10.8

value = 60 + 10.8 = $70.8

change in 3 years GIC liability = 72.6 - 70.8 = $1.8

ii) 5 - years term deposit liability

principal amount = $30 , interest rate = 6%

value of liability = P + interest accrued = 30 + 9 = $39

Interest accrued = ( 30 * 6 * 5 ) / 100 = $9

when Interest rate = 6 - 1 = 5%

value of liability = P + interest accrued = 30 + 7.5 = $37.5

interest accrued = ( 30 * 5 * 5 ) / 100 = $7.5

change in 5-years term deposit liability = 39 - 37.5 = $1.5

∴ Total change in value of liabilities = 1.8 + 1.5 = $3.3 million

c) Effect on the value of FI's equity is that there will be an DECRESE in equity because of the Increase in Liability value more than increase in asset value

Equity = asset - liability

           = 2.6 - 3.3 = -$0.7 million

Calvin works in the accounting department for a textbook publishing firm preparing budgets and reporting production costs. What job does Calvin hold

Answers

Answer:

The answer is "managerial accountant".

Explanation:

The economic circumstances collect and earned value collection of data, evaluating and presenting financial information for the organization or the management team of the company. These statistics will then be used to make sensible financial decisions that really can benefit the overall growth of the organization.

Managers were employing company and organizational accounts to monitor internal financial processes, revenue, spending, and budget, submit reports, determine past trends and forecast future needs, and aid economic decisions.

Once account numbers have been enabled, where can the numbers be assigned and edited?

Answers

Answer: Chart of Accounts

Explanation:

Once account numbers have been enabled, the numbers be assigned and edited in the chart of accounts.

To assign the account numbers, one needs to go to the accounting menu and then the chart of accounts will be selected. After that, one will select batch edit which can be seen in the action menu and add the account numbers after which one will then save. In order to see the account numbers,one can then go to chart of accounts

What happens to the percentage of
business liability divided equally among
partners as more partners are added to
the ownership group?
A. It increases per partner.
B. It decreases per partner.
C. It remains the same for every partner.

Answers

Answer:

B

Explanation:

A new partner inherits debts prior to the partnership. However it doesn't touch on personal assets of the new partner entering the partnership.

ou invent of a new type of dog leash. You choose a market segmentation approach and decide to target the large national population of dog owners. After reviewing what identifies an ideal market you realize your segmentation approach does not meet any of the effective segmentation conditions. At this point you should:

Answers

Answer: refine your approach by going back to the drawing board

Explanation:

Based on the information given, since after reviewing what identifies an ideal market, it's realize that the segmentation approach does not meet any of the effective segmentation conditions, then one should refine their approach by going back to the drawing board.

When this is done, one can then restrategize and then choose a segmentation approach that meets the effective segmentation conditions.

When using email to request action, the subject line should be as vague as possible.

Question 7 options:
True
False

Answers

Answer:

False

Explanation:

When using an email to request an action the subject line should be brief but specific. Leaving a vague subject line can often confuse another, however, making the subject line too lengthy and specific defeats the purpose. The best subject lines are brief but give a general idea of what the email contains.

Answer:

False

Explanation:

To email someone to request action, you can't be vague or you might not get what you exactly want from that person.

A manufacturer of banana chips would like to know whether its bag filling machine works correctly at the 420 gram setting. Is there sufficient evidence at the 0.01 level that the bags are underfilled or overfilled? Assume the population is normally distributed.

State the null and alternative hypotheses for the above scenario.

Answers

Answer: See explanation

Explanation:

The null hypotheses for the above scenario will be the statement of no effect and it'll be the mean weight of the bag that filled will be 420 grams.

H0: μ = 420

The alternative hypotheses for the above scenario will be that the bag isn't filled with 420 grams. They are either underfilled below 420 grams or overfilled above 420 grams.

Ha: μ ≠ 420

Manufacturing overhead was estimated to be $200,000 for the year along with 5,000 direct labor hours. Actual manufacturing overhead was $240,000, and actual labor hours were 5,500. The amount debited (left-side) to the Manufacturing Overhead account would be:

Answers

Answer:

the amount debited (left-side) to the Manufacturing Overhead account would be is $220,000

Explanation:

The computation of the amount debited (left-side) to the Manufacturing Overhead account would be is shown below:

= $200,000 ÷ 5,000 direct labor hours × 5,500 direct labor hours

= $220,000

Hence, the amount debited (left-side) to the Manufacturing Overhead account would be is $220,000

The same should be considered

Define Total Quality Management. Explain how important of TQM in a coffee store chain and provide examples.

Answers

Answer:

Total quality management (TQM) is an ongoing process for manufacturing errors to be detected and minimized or eliminated, the management of the supply chain is simplified, customer experience improved and training for employees is up to date.

Explanation:

The overall quality management aims to ensure the overall quality of the final product or service is accountable to all the parties involved in the production process.

Comprehensive quality management is a continuous detection and eradication process. Total quality management (TQM).

It is used for streamlining supply chain management, improving customer service, and providing training for employees.

The goal is to improve the quality of the products and services of an organization by continuously improving internal practices.

Total quality management is intended to make all involved parties responsible for the overall quality of the final product or service in the manufacturing process.

TQM approach requires small companies to understand (and are) their existing customers, to recognize and keep these expectations at the forefront of their strategy and processes. TQM approach This principle should also apply to internal customers who treat employees like customers and meet their demands.

Total quality management refers to a long-term management approach which pursue success through customer satisfaction.

The quality management aims to ensure the overall quality of the final product is accountable to all the parties involved in the production process.

The goal of the total quality management is to improve the quality of the products and services of an organization by continuously improving internal practices.

Finally, the total quality management is important in a store chain because it improve customer satisfaction through customer focus process and consistently meeting of customer expectations.

Read more about total quality management

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Consider the following argument from analogy. According our rules for appraising analogical reasoning, if a subsequent consideration strengthens the argument, answer a. Answer b if a consideration weakens the argument. Answer c if a consideration does not affect the argument.

Bill has taken three history courses and found them very stimulating and valuable. So he signs up for another one, confidently expecting that it too will be worthwhile.

25. Suppose that his previous history courses were in ancient history, modern European history, and American history.
26. Suppose that his previous history courses had all been taught by the same professor that is scheduled to teach the present one.
27. Suppose that his previous history courses all had been taught by Professor Smith, and the present one is taught by professor Jones.
28. Suppose that Bill had found his three previous history courses to be the most exciting intellectual experiences of his life.
29. Suppose that his previous history courses had all met at 9:00am, and the present one is scheduled to meet at 9:00am also.
30. Suppose that, in addition to the three history courses previously taken, Bill also had taken and enjoyed courses in anthropology, economics, political science, and sociology.

Answers

Answer:

Bill has taken three history courses and found them very stimulating and valuable. So he signs up for another one, confidently expecting that it too will be worthwhile.

25. Suppose that his previous history courses were in ancient history, modern European history, and American history.

Answer A

26. Suppose that his previous history courses had all been taught by the same professor that is scheduled to teach the present one.

Answer A

27. Suppose that his previous history courses all had been taught by Professor Smith, and the present one is taught by professor Jones.

Answer B

28. Suppose that Bill had found his three previous history courses to be the most exciting intellectual experiences of his life.

Answer A

29. Suppose that his previous history courses had all met at 9:00am, and the present one is scheduled to meet at 9:00am also.

Answer C

30. Suppose that, in addition to the three history courses previously taken, Bill also had taken and enjoyed courses in anthropology, economics, political science, and sociology.

Answer B

Explanation:

Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has ​$8 comma 000 for his CD investment. If the bank is offering a 6 ​% interest​ rate, compounded​ annually, how much will the CD be worth at maturity if Jonathan picks a a. two ​-year investment​ period? b.  six ​-year investment​ period? c.  ten ​-year investment​ period? d.  fifteen ​-year investment​ period?

Answers

Answer:

A = P * (1 + r/n)^nt. Where A = Maturity amount = ? P = Principal amount = $8,000, r = Rate of interest = 6%, n = Number of compounding per year = 1, t = Number of year

a. t = 2

A = $8,000 * (1 + 0.06/1)^1*2

A = $8,000 * (1.06)^2

A = $8,000 * 1.1236

A = $8,988.80

b. t = 6

A = $8,000 * (1 + 0.06/1)^1*6

A = $8,000 * (1.06)^6

A = $8,000 * 1.418519

A = 11348.152

A = $11,348.15

c. t = 10

A = $8,000 * (1 + 0.06/1)^1*10

A = $8,000 * (1.06)^10

A = $8,000 * 1.7908477

A = 14326.7816

A = $14,326.78

d. t = 15

A = $8,000 * (1 + 0.06/1)^1*15

A = $8,000 * (1.06)^15

A = $8,000 * 2.3965581931

A = 19172.4655448

A = $19,172.47

Barth Company reports the following year-end account balances at December 31, 2016. Prepare the 2016 income statement and the balance sheet as of December 31, 2016.

Accounts payable $16,000    Inventory $36,000
Accounts receivable 30,000    Land 80,000
Bonds payable, long-term 200,000    Goodwill 8,000
Buildings 151,000    Retained earnings 160,000
Cash 148,000    Sales revenue 500,000
Common stock 150,000    Supplies inventory 3,000
Cost of goods sold 180,000    Supplies expense 6,000
Equipment 70,000    Wages expense 40,000

Answers

Answer and Explanation:

The preparation of the income statement and the balance sheet is presented below

Income statement

REVENUE  

Sales     $500,000

Less: EXPENSES  

Cost of goods sold ($180,000)  

Supplies expenses ($6,000)  

Wages expenses ($40,000)  

Total expenses ($226,000)

Net income $274,000

Balance sheet :

Assets      Amount              Liabilities & stockholder equity   Amount  

Cash            $148,000            Account payable                            $16,000

Account receivable $30,000  Bonds payable, long term             $200,000

Supplies      $3,000  

Inventory     $36,000                  Total liabilities                              $216,000

Total current assets $217,000    Common stock                           $150,000

Land               $80,000                  Retained earnings                     $160,000

Building          $151,000  

Equipment     $70,000  

Goodwill         $8,000  

Total assets    $526,000          Total liabilities and equity             $526,000

The following discussion focuses on the change in production and selling strategies of Timken Co., the Canton, Ohio, firm that is a major producer of bearings:

To counter the low prices of imports, Timken Co. in 2003 began bundling its bearings with other parts to provide industrial business customers with products specifically designed for their needs. Timken had begun bundling prelubricated, preassembled bearing packages for automobile manufacturers in the early 1990s. Evidence indicated that companies that sold integrated systems rather than discrete parts to the automobile manufacturers increased their sales. Other industrial customers put the same pressure on Timken in the late 1990s to lower prices, customize, or lose their business to lower-priced foreign suppliers. Manufacturers are increasingly combining a standard part with casings, pins, lubrication, and electronic sensors. Installation, maintenance, and engineering services may also be included. Suppliers, such as Timken, saw this as a means of increasing profits and making themselves more indispensable to the manufacturers. The strategy also required suppliers to remain in proximity with their customers, another advantage over foreign imports. This type of bundling does require significant research and development and flexible factories to devise new methods of transforming core parts into smart assemblies. The repackaging is more difficult for industrial than automobile customers because the volumes of production are smaller for the former. Timken also had to educate its customers on the variety of new products available.

Timken has an 11 percent share of the world market for bearings. However, imports into the United States doubled to $1.4 billion in 2002 compared with $660 million in 1997. Timken believes that the uniqueness of its product helps protect it from foreign competition. However, the company still lobbied the Bush administration to stop what it calls the dumping of bearings at low prices by foreign producers in Japan, Romania, and Hungary.

Required:
a. What factors in the economic environment, in addition to foreign imports, contributed to Timken’s new strategy in 2002 and 2003?
b. How does this strategy relate to the discussion of bundling presented in the chapter? What additional factors are presented in this case?

Answers

Answer:

Timken Co.

a. Factors in the Economic Environment that contributed to Timken;s new strategy in 2002 and 2003 in addition to foreign imports at cheaper prices:

1. The needs of industrial business customers for integrated systems

2. Lowering of prices resulting from bundling

3. Addition of installation, maintenance, and engineering services, leading to increasing profits

b. The relationship of this strategy to bundling

1. Remaining in proximity with customers

2. Significant research and development

3. Flexible factories

4. Education of customers on product variety

c. Additional factors presented in this case are:

1. Customization

2. Means of making entity more indispensable to manufacturers

3. Uniqueness of products

4. Lobbying to stop dumping

Explanation:

a) Data and Calculations:

Share of the world market for bearings = 11%

Value of bearing imports in 2002 = $1.4 billion

Value of bearing imports in 1997 = $660 million

b) Companies engage in bundling by offering their main products together with several others together with services as a single combined unit.  This strategy always lowers the bundled price when compared with the prices of the separate products and services.  Thus, companies that sell bundled products and services often achieve more sales at the expense of profits.

In order to produce a new product, a firm must lease equipment at a cost of $100,000 per year. The managers feel that they can sell 50,000 units per year at a price of $75. What is the highest variable cost that will allow the firm to at least break even on this project

Answers

Answer:

$73 = unitary variable cost

Explanation:

To calculate the unitary variable cost that will yield the break-even point, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

50,000= 100,000 / (75 - unitary variable cost)

3,750,000 - 50,000unitary variable cost= 100,000

3,650,000 = 50,000unitary variable cost

$73 = unitary variable cost

_____ is the quantity of a good or service that people are willing to buy at various prices. Group of answer choices Capacity Market share Market potential Supply Demand

Answers

Answer:

Demand

Explanation:

Demand is the total quantity of a good or service that people are willing to buy at various prices

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

So, at higher prices, demand would be lower than at lower prices

Suppose that the U.S. government decides to charge beer producers a tax. Before the tax, 40 billion cases of beer were sold every year at a price of $7 per case. After the tax, 34 billion cases of beer are sold every year; consumers pay $8 per case, and producers receive $4 per case (after paying the tax), and producers receive $5 per case. The amount of the tax on a case of beer is $1 per case. Of this amount, the burden that falls on consumers is $ per case, and the burden that falls on producers is $ per case.
True or False: The effect of the tax on the quantity sold would have been the same as if the tax had been levied on producers. True False

Answers

Answer:

$4

$1

$3

False

Explanation:

Tax is a compulsory sum levied by the government or an agency of the government on goods and services.

Taxes increases the price of products

Total amount of tax = new price of a case of beer - amount producers receive

$8 - $4 = $4

Burden of tax on consumers = new price of a case of beer - initial price

$8 - $7 = $1

Burden of tax on producers = Total amount of tax - Burden of tax on consumers

$4 - $1 = $3

the statement is false because if the tax has been imposed on producers, producers would not be able to share the burden of the tax with consumers. Thus, the whole burden of tax would have been borne by producers and the effect would be higher

Drag the tiles to the correct boxes to complete the pairs
Match each phrase with the scenario that illustrates it.
Tiles
-international competition
-consumer sovereignty
-wealth creation
-property rights
-profit motive

Answers

Answer:

Explanation:

Here you go! Should help.

Answer:

profit motive, property rights, international competition, consumer sovereignty, wealth creation

Explanation:

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g Which of the following statements best differentiates between franchising and licensing? A. Licensees must often meet strict guidelines on product quality, day-to-day management duties, and marketing promotions unlike franchisees. B. Franchising requires ongoing assistance from the franchiser while licensing normally involves a one-time transfer of property. C. Licensing gives a company greater control than franchising over the sale of its product in a target market. D. Franchising is common in manufacturing industries while licensing is primarily used in service industries.

Answers

Answer:

B. Franchising requires ongoing assistance from the franchiser while licensing normally involves a one-time transfer of property.

Explanation:

Licensing can be defined as the recognition (permission to practice) given to an individual by a regulatory agency or government for meeting a set of pre-defined requirements and after passing a license examination.

On the other hand, franchising is a business format that involves issuing or granting a license, consisting of a contractual arrangement between a parent company (franchiser or franchisor) and another (franchisee), that allows individuals or an organization access to its knowledge, processes, trademarks in order to provide a service.

Hence, the difference between franchising and licensing is that, franchising requires ongoing assistance from the franchiser while licensing normally involves a one-time transfer of property and the beneficiary continues with the operation of the business to his or her own preference.

In which basic market would stoves be traded?
the labor market
the money market
the goods and services market
the capital market

Answers

Answer:

the labor market

Explanation:

#carry on learning

How can the cost allocation methods in activity-based costing be utilized to target process improvements

Answers

Answer:

In simple words, Activity-based costing can be understood as more precise approach of estimating the cost of a commodity or service, resulting in more precise pricing decisions.

ABC allows for a more effective examination of operational expenses in order to identify better methods to allocate and eliminate overheads. It also allows for more accurate measurement of brand and client profitability.

Read the following coping options and categorize them as either problem or emotion focused and as either behavioral or cognitive in nature.
1. Ignore
2. Perspective
3. Plan
4. Other activities '
5. Vent
6. Pep talk
7. Longer hours
8. Ask supervisors
A. Problem-Focused B. Emotion-Focused
C. Cognitive Methods
D. Behavioral Methods

Answers

Answer:

1. Ignore - A

2. Perspective - C

3. Plan - A

4. Other activities - D

5. Vent - B

6. Pep talk - D

7. Longer hours - D

8. Ask supervisors - A

Cheers

Differentiate between an active partner and sleeping partner?

Answers

Answer:

active partners are involved in daily running of the business.

sleeping partner are not involved in daily running of the business

Explanation:

Active partners are always involved in management while sleeping partners are not and mostly consists of financing not the business.

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