A movement along the Phillips curve demonstrates that the unemployment rate and inflation rate exist inversely related.
What is Phillips curve?
Phillips curve, graphic illustration of the economic connection between the rate of unemployment (or the rate of evolution of unemployment) and the rate of change of money wages. Named for economist A. William Phillips signifies that wages tend to increase faster when unemployment is low. The Phillips curve is an economic model, called after William Phillips hypothesizing a correlation between a reduction in unemployment and increased rates of wage grades within an economy.
The Phillips curve describes the rate of inflation with the rate of unemployment. The Phillips curve reasons that unemployment and inflation exist inversely related: as levels of unemployment decrease, inflation increases. The connection, however, is not linear.
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Costs that have already been incurred and cannot be avoided regardless of what a manager decides to do are ______ costs.
Costs that have already been incurred and cannot be avoided regardless of what a manager decides to do are sunk costs.
A Sunk cost is what?Money that has already been spent and cannot be recouped is referred to as a sunk cost. The sunk cost phenomenon in business is an example of the notion that one must "spend money to make money." A sunk cost is distinct from potential future expenses a company can incur, such as choices on the price of products or the cost of purchasing inventories. Sunk costs are disregarded while making future business decisions since they won't change regardless of the choice made.Give an example of Sunk cost.Let's say XYZ Clothing produces baseball gloves. It leases a factory for $5,000 each month, and the machinery was paid in full for $25,000 before. The business makes a simple glove model for $50 and sells it for $70. The producer can make a $20 profit on each basic model sold. As an alternative, it can carry on with production while spending an additional $15 and sell a premium model glove for $90.The company weighs the $20 increase in revenue against the $15 additional cost when deciding whether to produce the premium glove to generate a $5 profit. The cost of the factory lease and the cost of the equipment are both buried expenses and are not taken into consideration when making decisions.Sunk costs become important costs and ought to be included in company choices on upcoming events if they can be removed at some point.Any sunk costs that have expiration dates should be taken into consideration, for instance, if XYZ Clothing is thinking about closing a production plant. XYZ Clothing weighs the revenue that would be lost if production stopped along with the expenditures that would also be eliminated when deciding whether to close the facility. If the factory lease expires in six months, the lease cost should be included as an item that can be reduced or eliminated since it is no longer a sunk cost. The plant should be shut down if the overall costs exceed the revenue.Learn more about Sunk cost here:
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Briefly discuss the main bases of compensation, including hourly, piecework, salaried, and exempt vs. nonexempt.
Salaried: Those who are salaried are paid the same amount each week regardless of how many hours they put in. As mentioned previously, exempt workers must be compensated on a salary basis. Employees who are not excluded from pay may get salaries for a set amount of hours or according to the variable workweek technique. Despite being paid a salary, nonexempt workers are nonetheless entitled to overtime pay under federal and state regulations.
Hourly: A person paid on an hourly basis for services rendered. These people are typically considered nonexempt and are governed by the FLSA's overtime rules due to the way they are paid. Those exempt under the professional exemption, such as teachers, lawyers, and computer experts, may also be compensated on an hourly basis.
Exempt: The FLSA's prohibition on overtime pay does not apply to anyone who meets the requirements to be an executive, professional, administrative, or outside sales employee. Additionally, some computer professionals might not be eligible. Except for a few circumstances, exempt employees need to be paid a wage.
Nonexempt: workers must be paid overtime for any hours beyond 40 in a workweek if they are not exempt from the FLSA's overtime rules (as well as any state overtime provisions). Non-exempt workers may receive a salary, pay on an hourly basis, or any other form of compensation.
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The chances of a risk event occurring as a project proceeds through its life cycle tend to.
The chances of a risk event occurring as a project proceeds through its life cycle tend to Slowly drop.
what is a risk event?A risk event is something that is uncertain and matters. Matters in the sense that it prevents objectives from being met. Similarly, an opportunity event is something uncertain and important — important in the sense that it contributes to the achievement of goals.
Any unforeseen or unexpected occurrence that can result in losses for investors or other stakeholders in a company or investment is referred to as event risk.Credit default swaps and other credit derivatives can be used to hedge against credit events such as default or bankruptcy.Natural disasters and theft, for example, can be mitigated by insurance policies that cover such risks.To learn more about risk events from the given link
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What is a group of institutions that organize around a common set of concerns within a given industry?
A group of institutions that organize around a common set of concerns within a given industry is called an association.
An association is a group of people organized for the pursuit of a specific purpose. For instance, family is an association organized for the preparation of children, while marriage is its main institution.
Association is important as it provides opportunities to meet and engage with peers and colleagues. Associations are made up of people who share similar challenges and opportunities.
Hence, a group of institutions that organize around a common set of concerns within a given industry is called an association.
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If a perfume store currently sells perfume for $30 a bottle and averages $2000 sales per month, what sales might they anticipate if they raise the price to $40 a bottle?
Previously, the perfume cost was $30 per bottle if they raise to $40 and sales of $2000 at $30. when the prices increase the demand decrease, so let the elasticity of demand is 1, which means its unitary elastic. So sales decrease proportionally means it will decrease to 1500.
Problem-solving is the act of defining a trouble; determining the reason of the trouble; identifying, prioritizing, and deciding on alternatives for a solution; and implementing a solution. The trouble-fixing system.
Problem-solving starts with figuring out the issue. as an instance, a trainer may need to determine out how to improve scholar performance on a writing proficiency take a look at. To do that, the trainer will evaluation the writing exams looking for areas of development.
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Monopolistically competitive firms ________ earn profits in the long run due to ________.
Monopolistically competitive firms can earn profits in the long run due to dominating the market.
What are Monopolistic competitions?Monopolistic competitions can be regarded as theone that are characterizes as an industry whereby many firms offer products or services that are similar .
In this case, this product are substitutes , and they have Barriers to entry and exit in a monopolistic competitive industry .
It should be noted that Monopolistically competitive firms can earn profits in the long run due to dominating the market.
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The process of evaluating and planning for long-term investments is called budgeting.
During the month, merchandise is sold for $24,000 cash and for $34,200 on account. the cost of merchandise sold is $41,300. What is the amount of gross profit? a.$24,000 b.$16,900 c.$58,200 d.$41,300
The amount of gross profit is $16900.
Gross income is the profit a commercial enterprise makes after subtracting all the fees which are associated with manufacturing and selling its services or products. you can calculate gross profit by using deducting the cost of products bought out of your overall sales.
Gross profit offers perception into how efficient a company is at coping with its production charges, consisting of hard work and supplies, to supply income from the sale of its goods and services. The gross profit for a enterprise is calculated by using subtracting the value of products bought for the accounting period from its overall revenue.
explanation:
merchandise is sold for = $24,000
merchandise is sold for cash = $34,200
The amount of gross profit is = $58200 - $ 41300 = $16900
= $16900
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An engineer is planning to build a new wing for a hospital. His team is currently figuring out the best type of doors to use in the corridors. If you were on the team, what would you recommend
The recommendation for an engineer who is planning to build a new wing for a hospital, regarding the best type of door to use in the corridors, would be the installation of doors with super damped hydraulic springs.
What are the main characteristics of an engineer?This professional is essential to determine the progress of a project, being the professional responsible for designing, managing and executing a project such as the construction of a new wing for a hospital, in which the needs of the site and the solution of problems for that the work is effective.
Therefore, a good engineer, in addition to managing the work, will be responsible for directing his team, instituting a safe schedule, resources and conflict mediation so that the work takes place properly, safely and as planned.
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When reference is made to the _________________________ , it means the specific amount of income needed for a basic standard of living. poverty trap income line income gap poverty line
When reference is made to the poverty line, it means the specific amount of income needed for a basic standard of living.
The poverty line is the extent of profits to satisfy the minimal dwelling situations. The poverty line is the quantity of cash wanted for a person to meet his simple needs. it is defined as the monetary value of the products and services needed to provide basic welfare to a person.
Comparisons of high and low earnings raise two special problems: economic inequality and poverty. Poverty is measured through the number of people who fall underneath a certain stage of earnings—referred to as the poverty line—that defines the earnings wished for a basic standard of living.
A poverty trap refers to a monetary system wherein it is difficult to escape poverty. A poverty trap isn't simply the absence of economic manner. it is created due to a mix of things, which include access to schooling and healthcare, working together to keep an individual or own family in poverty.
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What is the yield to maturity of a consol with a coupon of $85 and a price of $944.44?
The yield to maturity(YTM) of a consol with a coupon of $85 and a price of $944.44 is 9%.
Given,
Coupon(C) = $85
Price(P) = $944.44
The yield to maturity (YTM) of a bond represents the percentage rate of return if an investor retains the bond until it matures.
It represents the total of all outstanding coupon payments.
Whereas, the annual interest payment that the bond's owner will get is determined by the coupon rate.
Using the YTM formula,
YTM = C/P
Now, substituting the given values in the above formula we gat,
YTM = $85/$944.44
= 0.09
= 9%
Hence, YTM is 9% for the given question.
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A consequence of an economic activity that is experienced by unrelated third parties is known as a/an:________.
Answer:
An externality
________ income is the money available to a household over and above that required for a comfortable standard of living.
Sam owns a firm that produces tomatoes in a purely competitive market. the firm's demand curve is?
Sam owns a firm that produces tomatoes in a purely competitive market. the firm's demand curve is a vertical line. Vendors cater to a particular clientele and their set of needs in vertical markets, often known as "verticals," which are commercial niches. Due to the low overhead and flexibility to reach a global audience, ecommerce companies are increasingly catering to vertical sectors.
An industry, trade, profession, or other group of clients with specialized demands may be the focus of a vertical market, where suppliers cater to those needs with products and services. Sam owns a firm that produces tomatoes in a purely competitive market. the firm's demand curve is a vertical line.
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Suppose a brewery invests $10,000 in a machine that can accurately measure the quality of hops (used in making beer). if the machine is not useful otherwise and it cannot be resold, it is considered?
If the machine is not useful otherwise and it cannot be resold, it is considered a specialized investment.
A specialized investment fund, or SIF, is a tax-efficient regulatory framework with little regulation that targets a wider range of eligible investors in Luxembourg. An investment fund that can invest in all asset classes is known as a Specialized Investment Fund (SIF). Typically, it meets the criteria for an alternative investment fund (AIF) and is marketable to knowledgeable investors.
Specialized funds concentrate on very specific industries, such as commodities, geographic areas, or other market segments. These funds include asset allocation, sector funds, balanced funds, and goal date funds. Investors can access banking, real estate, chemicals, energy, or telecommunications using these funds.
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The bpm development cycle is essentially a one-shot process where the requirement is to get it right the first time.
a. true
b. false
False, The bpm development cycle is essentially a one-shot process where the requirement is to get it right the first time.
Business process management (BPM), according to Gartner, is a discipline that uses a range of tools and methods to model, carry out, monitor, and optimize business processes.
A business process coordinates the behavior of people, systems, information, and things in order to produce business outcomes in support of a corporate strategy.
BPM focuses on creating an automated, standardized process for typical transactions and social interactions. It contributes to decrease the operational costs of the business by minimizing waste and duplication of work and increasing team productivity.
Businesses that employ BPM can choose from a variety of BPM methodologies, including Six Sigma and Lean.
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What+is+the+price+of+a+coupon+bond+that+has+annual+coupon+payments+of+$75,+a+par+value+of+$1000,+a+yield+to+maturity+of+5%,+and+a+maturity+of+two+years?
The coupon rate is $75 / $1,000 = 7.50%.
The current yield is $75 / $1,100 = 6.82%.
How do you calculate a coupon bond?
By adding up all of a bond's annual coupon payments and subtracting them from the bond's par value, the coupon rate can be computed. The coupon rate, for instance, is 5% on a bond with a $1,000 face value that pays a $25 coupon twice a year.
What does coupon rate mean?
The annual income an investor might anticipate while owning a specific bond is known as the coupon rate. The calculation is done by dividing the total of the annual coupon payments by the par value, and it is established at the time the bond is issued.
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A package of aluminum foil at kroger grocery store has no brand name on the package. this product is an example of a ____ brand.
This product is an example of a generic brand.
The generic brand is a sort of consumer product which is generally not advertised. Thus, it lacks a logo or widely recognized name. They are generally less expensive than brand name products, due to their lack of promotion.
These generic brands are also formulated to be alternatives for expensive branded goods. They are also common in pharmaceuticals and supermarkets and tend to be more prevalent during the recession.
Hence, as a package of aluminum foil at Kroger grocery store has no brand name on the package, so it is an example of a generic brand.
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Jack and sue, who are selling their home, pay the property taxes (beginning on the date of sale) for max, the buyer. if max reimburses jack and sue, then the taxes?
Max reimburses Jack and Sue, then the taxes do not affect the basis of the home.
When you sell your house is it taxable income?
Profits from home sales are taxed as capital gains in 2021 at federal rates of 0%, 15%, or 20%, depending on income. The IRS provides homeowners with a write-off, allowing single filers to exclude up to $250,000 of profit and married couples filing jointly to exclude up to $500,000 of profit.
How do you avoid capital gains tax when selling a house?
You can exempt a portion of your taxable gains if you sold the house due to job, your health, or a "unforeseeable occurrence." Save all receipts for house improvement. Your property's cost basis includes more than just the acquisition price. It also incorporates any enhancements you made.
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The main argument against this solution is that the level of entitlements as a fraction of gdp is predicted to:________.
The main argument against this solution is that the level of entitlements as a fraction of GDP is predicted to rise so high that raising taxes would dramatically increase the tax burden on the economy and impede economic growth.
A country's gross domestic product (GDP) is the sum of the market values of all the finished products and services produced within its borders during a certain time period. It serves as a thorough assessment of a particular country's economic health as a broad indicator of entire domestic production.
Although GDP is frequently estimated on an annual basis, it is also occasionally calculated on a quarterly basis. In the United States, for instance, the government produces an annualized GDP estimate for both the calendar year and each fiscal quarter.
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Since its creation in 1944, the role of the imf in the monetary and finance structure has been to?
The functions of the International monetary system in the financial and finance structure have been to help developing international locations address a variety of economic and financial crises / create an orderly worldwide financial gadget/assist participants with the stability of bills troubles on a short-term basis
The worldwide financial Fund (IMF) works to attain sustainable growth and prosperity for all its one hundred ninety member nations. The IMF was mounted in 1944 in the aftermath of the great despair of the Nineteen Thirties. 44 founding member international locations sought to construct a framework for global economic cooperation. nowadays, its membership embraces one hundred ninety international locations, with a workforce drawn from 150 nations.
The IMF monitors the worldwide financial system and international economic traits to perceive dangers and suggest regulations for boom and monetary stability. The Fund also undertakes an ordinary health check of the monetary and financial guidelines of its one hundred ninety member international locations.
The IMF's primary reason is to make certain the stableness of the global economic gadget—the device of change quotes and worldwide payments that allow nations and their residents to transact with every other. The IMF employs three principal functions – surveillance, financial assistance, and technical help – to sell the steadiness of the worldwide economic and monetary device.
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What dynamic feedback effects can offset the interest rate, international, and money wealth effects?
These two dynamic feedback effects can offset the interest rate, international, and money wealth effects:
If the price level falls, it creates expectations of falling aggregate demand.If the price level falls, it lowers asset prices.What is price level?
The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level, in a broader sense, refers to the cost or price of a good, service, or security in the market.
What happens when price level increases?
Rising prices are referred to as inflation. A decrease in prices is referred to as deflation. Pricing and client purchasing power also have a link. The purchasing power of money generally declines as prices increase.
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Compared to a perfectly competitive market, a monopoly produces a ____ output and charges a ____ price, provided economies of scale are not significant.
Answer:
lower, higher
Explanation:
Hope you find this useful
Compared to a perfectly competitive market, a monopoly produces less output and charges a high price, providing economies of scale that are not significant.
Why do monopolies produce less output?If the monopolist's marginal revenue is less than the marginal cost, he should reduce output. Monopolies, unlike competitive industries, do not produce efficient output. Monopolies charge more and produce less than a competitive industry.
A monopoly sets the price. When a company has no viable competition and is the sole producer of an industry's product, it is said to have a monopoly.
Monopolies have the ability to limit output, allowing them to charge higher prices than would be plausible in competitive markets. A monopoly, unlike a competitive firm, can cut supply in order to charge a higher price.
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_____ is based on the premise that there is a theoretical optimum range of exposures to an advertisement with minimum and maximum limits.
Effective reach is based on the premise that there is a theoretical optimum range of exposures to an advertisement with minimum and maximum limits. is based on the premise that there is a theoretical optimum range of exposures to an advertisement with minimum and maximum limits.
This phrase is frequently used to compare the "reach" of television commercials, print adverts, and websites across various businesses and media platforms. These ideals may be discussed in terms of the general populace as a whole or a more focused group or target audience. The frequency with which a specific target segment views an advertisement is crucial for determining the effectiveness of a campaign as is the reach of that advertisement.
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Chris quit his job at furniture country because he felt he could find a better paying job at wood world. this is an example of:______.
Chris quit his job at furniture country because he felt he could find a better paying job at wood world. this is an example of Frictional unemployment. The Frictional unemployment results from voluntary changes in the employment within an economy. The Frictional unemployment is a given, even in a growing, stable economy.
Frictional unemployment refers to workers who decide to leave their current jobs in search of new ones and people who are just starting out in the workforce. It excludes employees who hold onto their existing position until they find a new one because, presumably, they are never unemployed.
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What is the main reason for employing contractionary fiscal policy in a time of strong economic growth?
The main reason for employing contractionary fiscal policy in a time of strong economic growth is to keep prices from rising too much or too rapidly
Fiscal policy is the use of public expenditure and taxation to affect the economy, particularly macroeconomic conditions. These include employment, inflation, economic expansion, and the total demand for goods and services.
The government may reduce tax rates or boost spending during a recession to boost demand and the economy. On the other hand, it can increase rates or reduce spending to slow down the economy in order to battle inflation. Monetary policy, which is implemented by central bankers rather than elected government officials, is sometimes contrasted with fiscal policy.
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Jason is a very efficient and driven manager who makes all the decisions himself. He comes across as a very assertive person who often directs his employees on what needs to be done. To motivate his employees, he mostly uses monetary bonuses as rewards. In this scenario, Jason can be regarded as a(n) ________ leader.
Jason is a very efficient and driven manager who makes all the decisions himself. He comes across as a very assertive person who often directs his employees on what needs to be done. To motivate his employees, he mainly uses monetary bonuses as rewards. In this scenario, Jason can be regarded as an autocratic leader.
Leaders who use the autocratic style generally make all selections with little to no entry from others. it is critical to differentiate dictators from those leaders. All dictators are autocratic leaders, but not all autocratic leaders are always dictators.
An authoritarian management style is exemplified whilst a pacesetter dictates guidelines and tactics, decides what desires are to be achieved, and directs and controls all activities without any meaningful participation from the subordinates. One chief has complete control of the team, leaving low autonomy within the organization.
Leaders of Silicon Valley consisting including bill Gates, Steve Jobs, and Elon Musk are examples of autocratic leadership. yet, those are names human beings are looking to emulate. although they're examples of autocratic leadership in enterprise, they have got additionally transformed society.
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Peg bought a stock at a price of $23. she received a $1.50 dividend and sold the stock for $25. what is peg’s capital gain on this investment?
Peg’s capital gain on this investment is $2
Capital gain = Selling price – Purchase price
= $25 - $23
= $2 (Answer)
Capital goods, or capital, consist of "durable producer goods that are in turn used as productive inputs in the further production" of goods and services. At a macro level, "A country's capital stock includes buildings, equipment, software, and supplies in a given year."
Capital is a broad term for anything that gives value or utility to its owner. For example: Factories and their machinery, intellectual property such as patents, or financial assets of companies and individuals.
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What should an effective small business professional demonstrate in fulfilling their role?
An effective small business professional fulfills their role as a trusted business advisor.
The small business is usually the manufactures and the distributors, and they are thus capable of generating a personal touch with the business. The role of the small business professional is to act as a trusted business advisor by providing assistance and counseling to the small businesses.
These professionals are also responsible for developing business management goals and objectives which leads to growth and prosperity. Small business advisors work with multiple clients at a time by supporting the business goals, and providing industry insights.
Hence, the answer is given and explained above.
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As their overseas operations have increased in importance, larger multinationals have felt the need to?
Companies have felt the need to: A. eliminate the international division as their overseas operations have grown in importance. The overseas operations are defined as any a flying operation conducted from any point on the North American continent to any landing point more than the four hundred and thirty-five nautical miles outside the boundary.
The North American continent; or any flying operation conducted between any points more than the four hundred and thirty-five nautical miles outside such boundary; and any other flying operations not now included herein that may be mutually agreed upon between the Company and such other parties.
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