Scarcity in resources or inputs of production affects the production of goods and services very badly. It limits the production means scarcity restricts the producer to make unlimited products. Sometimes producer has to make hard choice that which product he should give priority for production among multiple products from limited resources.
In total scarcity in resources or inputs of production leads to less supply of products or services in the market which also effects consumers as they also have to make hard choice which product or service should they buy. In scarcity, demand of goods and services is greater than its supply.
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Roger is currently age 68. He is creating a retirement income plan. As such, he needs to estimate his future required distributions from his retirement plans. Help roger by telling him when he must begin taking distributions from his roth ira.
Roger is currently age 68. He is creating a retirement income plan. As such, he needs to estimate his future required distributions from his retirement plans. Help roger by telling him when he must begin taking distributions from his Roth Ira because He will never have to accept a distribution.
Define Retirement.Retirement is the cessation of one's employment, occupation, or active working life.Another way to semi-retire is to work fewer hours or with fewer jobs.When they are old or unable to work due to health issues, many people decide to retire.What is income?Income is the money that an individual or organization receives in return for their services or goods. Depending on the context—such as taxation, financial accounting, or economic analysis—income may have a variety of definitions.For the majority of people, their total earnings include their wages and salaries, investment returns, pension payments, and other receipts.Learn more about Retirement here:
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Specific results that companies try to achieve such as net sales and profits are common results called __________
Specific results that companies try to achieve such as net sales and profits are common results called Profit margin.
Because Net sales are the result of gross sales minus returns, allowances, and discounts. They are a factor in gross profit but do not include costs of goods sold. Net Profit Margin is a financial ratio used to calculate the percentage of profit a company produces from its total revenue.
Allowance is an amount of money given regularly for a specific purpose.
Financial is the study and management of money, investments, and other instruments.
Revenue is the value of all sales of goods and services recognized by a company in a period.
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__________ are companies that excel at solving problems, seeking and finding new approaches, and sharing new knowledge.
Learning organizations are companies that excel at solving problems, seeking and finding new approaches, and sharing new knowledge.
A learning organization in business management is a business that supports its employees' learning and undergoes constant change.
Peter Senge and his colleagues' efforts and study led to the formulation of the idea.
Modern firms may grow learning organizations as a result of these pressures, which helps them stay competitive in the marketplace.
Those that work for a learning organization gain:
sustaining innovation levels and remaining competitivehaving the ability to more effectively match resources with consumer needsenhancing production quality at all levelsenhancing the corporate image by emphasizing peopleIncreasing the organization's rate of changeenhancing the organization's sense of communityEnhancing knowledge exchange and long-term decision makingHence, Learning organizations are companies that excel at solving problems, seeking and finding new approaches, and sharing new knowledge.
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A 70-year old insured individual has suffered from kidney failure for the past 24 months. she is covered by her spouse's large group employer plan. how will medicare be utilized in this situation
The way that Medicare is going to be utilized here is that there Will be the secondary insurer and pay for claims not fully covered by the group plan.
What is Medicare?This is the term that is used to refer to the social program in the United States that has the aim of helping the people to have a health coverage that would help to improve the quality of health in the nation.
What is secondary insurance?This the term that is used to refer to insurance that include extra benefits. The secondary health insurance involves the spouse as part of the beneficiaries of the insurance. It is usually a different plan intended to include more benefits.
The people covered by the plan are those that are disabled, the people that have exceeded 65 years of age. In this case, the use of Medicare would be to act as the secondary insurer and pay for claims not fully covered by the group plan.
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ABC Electronics introduced the first large flat screen TV. Shoppers were amazed by the sharp, colorful images, and consumers flocked to the stores to purchase one. ABC priced the product high while there were few competitors in order to recover research and development costs and maximize profits. This strategy is called
The strategy in which there is high price charged and there are a very few competitors available this suggests that there is a monopolistic competition. The strategy is premium strategy.
What is Monopoly?Monopoly is the seller in a market where there is no competition, the sole seller of the products or services is the organization and thus this way the organization can charge the amount it wants.
In a monopolistic competition there are a few competitors available in the market and therefore they can charge high prices, as in the scenario ABC electronics have incurred a high amount of research and development cost and so that is why they are charging a high price.
The high price will be paid by the consumers because it is a cutting edge technology and thus ABC will generate greater profits.
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Question 5 of 12 A young father would like a life insurance policy to provide coverage for all five family members at the lowest cost. Which type of policy would he most likely buy?
A Family protection policy is the policy that will most likely be purchased by the young father who like a life insurance policy to provide coverage for all five family members at the lowest cost.
What is a Family protection policy?This is a life insurance policy that covers the family for a certain number of years (the term) and pays a death benefit anyone die during the term or expires if they outlive the policy.
Therefore, the Family protection policy is the policy that will most likely be purchased by the young father who like a life insurance policy to provide coverage for all five family members at the lowest cost.
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Why do monopolistically competitive firms have downward-sloping demand curves?.
The law of diminishing marginal utility is responsible for the downward slope of the demand curve in a monopoly (the marginal utility derived from successive units of a given product will decline). To sell one extra good, the seller must reduce the price of each unit of good. The demand curve is then slanted downward.
Monopolies have downward sloping market demand curves because they are the only suppliers of a specific good or service, and thus the market demand curve is the monopolist's demand curve. The shape of a firm's demand curve determines its market power.
What are the characteristics of monopolistic competition?Monopolistic competitors do not produce at the lowest point on their ATC, whereas perfect competitors do. Although both break even in the long run, monopolistic competitors charge more and produce less than perfect competition.
How is monopolistic competition like perfect competition?
Monopolistic competition combines characteristics of both perfect competition and monopoly market structures.Firms sell products that differ in quality, quantity, and other features, so firms have pricing control and pricing policies in place.Because there are fewer barriers to entry and exit, it is simple to enter and exit the industry.Learn more about Monopolistic competition:
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If the government has no debt initially, but then has annual revenues of $20 billion per year for 4 years and annual expenditures of $20. 5 billion per year for 4 years, then the government has?
Answer:
$162billon
Explanation:
20+20.5
=40.5
40.5*4
$162 billon
The blank______ presentation format assumes that given the right suggestion by a salesperson, the prospect will buy.'
The stimulus response presentation format assumes that given the right suggestion by a salesperson, the prospect will buy.'
What is a stimulus response presentation?
A method of selling that depends on the salesperson's skill to say the correct thing (stimulus) in order to get the buyer to respond favorably (response).
What is the most important part in the sales presentation format?
The finest sales presentation includes a demo, data visualization, a customer narrative, and more. It's a huge undertaking that demonstrates the power of your offering. If done correctly, it will keep your prospects interested and encourage them to work with you.
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The benefits of portfolio diversification are highest when the individual securities have returns that:________
The benefits of portfolio diversification are highest when the individual securities within the portfolio have returns that: are largely uncorrelated with the rest of the portfolio.
Portfolio diversification is the process of investing your money in a variety of securities and asset classes in order to reduce the portfolio's overall risk. Just consider the results of placing all of your funds in a single security. As long as the stock's performance is favorable, everything will be fantastic.
Find asset classes with low or negative correlations to create a Portfolio diversification such that if one declines, the other tends to offset it. Although choosing asset classes to diversify your portfolio with ETFs and mutual funds is simple, one must be wary of hidden fees and trading charges.
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A corporation reported cash of $25,000, total assets of $451,000, and total equity of $154,560 on its balance sheet. its common-size percent for cash equals:_____.
7.85%. Explanation: Common-size percent for cash = 14.
Many small businesses are cash-strapped and are not paying dividends as a result. For them, total capital is simply the money invested plus any subsequent income.
Shares and capital refer to the separate but related aspects of a company's finances. Equity is the amount of money available to the company for investment and is part of the company's total capital. Equity itself is the company's total assets after deducting related liabilities.
While cash has a guaranteed value (allowing for changes such as inflation), stocks can end up being much more or less valuable than anyone guessed. Cash is a commodity. Company stock is not. Candidates' reactions to stocks and cash may stem from their risk appetite.
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Jake has prepared pro forma financial statements for his landscaping business. at the minimum, how often should he check results and make modifications as needed?
The Proforma statements that he is doing has to have the results and the modifications checked monthly.
What is the pro forma financial statement?This is the term that is used to refer to the financial statement that helps in the leveraging of data about the future values in a project that has not even occurred yet. They can be termed the financial statements that are made as a way of forecasting for a time period in the future.
The statements shows what the business would be expecting to make in a particular period of time in the future. Hence the The Proforma statements that he is doing has to have the results and the modifications checked monthly.
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When developing cash flows for capital budgeting, it is _____ to overlook important items.
When developing cash flows for capital budgeting, it is easy to overlook important items.
What is Capital Budgeting?The procedure a company uses to assess potential big projects or investments is called capital budgeting. Before a project is accepted or denied, capital budgeting is necessary.Examples of such projects include the construction of a new plant or a significant investment in a third party enterprise.A business may examine the lifetime cash inflows and outflows of a planned project as part of capital budgeting to ascertain whether the projected returns will satisfy an adequate target benchmark. The practice of capital budgeting is sometimes referred to as investment assessment.Discounted cash flow, payback, and throughput assessments are three of the main capital budgeting techniques.To learn more about capital budgeting with the given link
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If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market power will______.
If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market power will set a lower price in the market that is more price elastic. Price elasticity is a tool used by economists to analyze how supply and demand for a product fluctuate in response to price changes.
Along with demand, supply also exhibits elasticity, which is referred to as price elasticity of supply. Price elasticity of supply is the correlation between price change and supply change. It is computed by subtracting the percentage change in price from the percentage change in quantity delivered.
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The only exception where a contract cannot be disaffirmed until majority is in relation to?
The only exception where a contract cannot be disaffirmed until majority is in relation to real estate.
Real estate is defined as the land and any permanent structures, like a home, or improvements attached to the land, whether natural or man-made. Real estate is a form of real property. It differs from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, and farm equipment.
Real estate is considered real property that includes land and anything permanently attached to it or built on it, whether natural or man-made. There are five main categories of real estate which include residential, commercial, industrial, raw land, and special use. Investing in real estate includes purchasing a home, rental property, or land.
Indirect investment in real estate can be made via REIT's or through pooled real estate investment.
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What choreographer is known for creating dances that employed the use of repetition?
Lucinda Childs is one of those special, stubbornly focused choreographers who knows how to work the power of repetition.
What is repetition choreography?
An artistic technique in which a movement or motif is repeated exactly for emphasis or to pique interest.
Why do choreographers use repetition?
Repetition can help you emphasize and reinforce the themes running through your dance as well as draw attention to key elements like a poignant sequence, a floor pattern, or even a gesture.
What is a choreographed dance with repeating sequence steps?
A line dance is a choreographed dance in which a group of individuals are arranged in one or more lines or rows and dance to a repeated series of moves. These lines frequently face one another or, less frequently, all in the same direction.
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A company decides to survey its employees about their job satisfaction. the company’s managers are responsible for delivering the surveys. the managers interview the employees they supervise face-to-face, asking the survey questions and writing down the responses. what is a source of bias in this sampling method?
The source of bias in the face-to-face sampling method is"employees are less likely to tell their manager they are unhappy with their job."
What is face-to-face survey?Face-to-face surveys, also known as F2F surveys, are a type of data collection that involves the study sample in order to conduct the interview in-person and observe the participants' behavior and responses in order to gather more data.
Many researchers favor this form of data collecting because it enables them to see the context in which their research population or sample functions and, in doing so, allows them to more thoroughly analyze their replies, for example while conducting field research.
Some advantages of face-to-face survey are-
The F2F survey gives you, as the interviewer, the opportunity to closely examine both the participants' verbal and non-verbal responses, allowing you to both observe and analyze their behavior.The fact that researchers can get a greater degree of response rate when conducting an F2F survey is another benefit.In a face-to-face study, researchers can take charge of the interview and ensure that participants are focused on filling the questionnaire, free from any distractions that might result from the lack of a facilitator.To know more about face-to-face survey, here
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In the cultural production process, the people who control the flow of information between producers and customers are called:___.
In the cultural production process, the people who control the flow of information between producers and customers are called Cultural Gatekeepers.
Cultural academics have dubbed cultural mediators "tastemakers," "gatekeepers," "surrogate consumers," "reputational entrepreneurs," or even "coproducers" of the work of art due to their shaping impact, particularly their legitimizing authority.
However, in reality, mediators carry out a variety of quite different and frequently unique tasks depending on how they contribute to the (increasingly) vertically stratified process of cultural creation.
The numerous functions and activities of cultural mediators, which is then followed by a discussion of the function and significance of critics and other mediators in the creation and consumption of culture.
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What question is asked along the horizontal axis of the markets-and-technology framework?
The question that is asked along the horizontal axis of the markets-and-technology framework is, Does the innovation build on existing technologies or create new ones?
An employer technology framework defines the era services and features (IT abilities) required to aid the business applications and statistics, which includes common (or shared) application offerings, not unusual records offerings, not unusual system services, network offerings, safety services, Platform services.
By the use of era, we can broaden the era-related functionality and also can integrate it with other technologies. but the framework is a set of libraries as a way to provide a scratch-level implementation using one or extra technology and also offers first-class lessened improvement time.
The technology framework is based totally on the idea that generation is an aid and the generation base of a company represents the technological information that wishes to become products, approaches, and offerings through technological capabilities advanced via effective TM.
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A $63,000 machine with a 7-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with a new machine costing $75,000, with a 5-year class life. The new machine will not increase sales, but will decrease operating costs by $16,000 per year. Simplified straight line depreciation is employed for both machines, and the marginal corporate tax rate is 34 percent. What is the initial outlay for the project?.
The initial outlay for the project after depreciation is loss of $26,700.
What is depreciation?Depreciation in accounting refers to two parts of the same concept: first, the real decline in fair value of an asset, such as the worth of factory equipment each year.
Depreciation is used to match the cost of a productive asset with a useful life of more than a year to the revenues received by employing the asset. The expense of an asset is frequently spread out throughout the years that it is used.
Section 32 of the Income Tax Act of 1961 contains the provision for authorising depreciation. Depreciation is a deduction allowed by the Income Tax Act for the reduction in the real worth of a physical or intangible asset used by a taxpayer.
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What is the real value of your savings if the price level increases by 6 percent for the year?
The real value of your savings if the price level increases by 6 percent for the year will be $5,660.
If the price level increases by 6%, then the year-end price level index would be 106.
Real value of savings = 6,000 * (100 / 106) = $5,660
The charging stage is the average of contemporary costs across the whole spectrum of products and services produced in an financial system. In extra preferred phrases, price level refers back to the rate or value of an excellent, service, or security in the financial system.
the general rate level is a hypothetical degree of average expenses for some set of products and services, in an economic system or monetary union for the duration of a given c program language period, normalized relative to some base set. Generally, the overall price degree is approximated with a each day charge index, commonly the Daily CPI.
We are able to think of this charge level for a basket of products as a popular fee index that is created from diverse items and services within the USA. For instance, the customer price index (CPI) within America is a representative rate degree for a basket of goods.
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Help please
Please reflect on how the money multiplier concept can be an important tool of both expansionary as well as contractionary monetary policy for any central bank such as the U.S. Federal Reserve Bank?
By how many times a loan will be "multiplied," when it is used in the economy and then re-deposited in other banks, is determined by the money multiplier.
In order to generate more interest, a bank lends or invests its excess reserves. The money supply grows by more than one dollar when the monetary base grows by one dollar. The money multiplier is an increase in the available currency.
A money multiplier is one of several closely related ratios of commercial bank money to central bank money, commonly known as the monetary base under a fractional-reserve banking system, in monetary economics.
This multiplier, which is also known as an economic multiplier, is equal to the reserve ratio divided by one. The fact that certain funds are kept as currency by the non-bank public lowers the actual ratio of money to central bank money, often known as the money multiplier.
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Tracing transactions through the information system relevant to financial reporting. inquiring of entity personnel. assessing inherent risk. inspecting documents and reports
Tracing transactions through the information system relevant to financial reporting.
Financial reporting is the process of documenting and speaking monetary activities and performance over particular time intervals, usually on a quarterly or every year basis. corporations use monetary reports to prepare accounting data and document on contemporary economic status.
Financial reporting includes the subsequent: external economic statements (earnings announcement, statement of comprehensive earnings, balance sheet, declaration of coins flows, and declaration of stockholders' equity) The notes to the financial statements.
Financial reporting is crucial for management to make informed business decisions primarily based on information of the company's financial health. potential investors and banks may also use your enterprise's financial reporting to decide if they need to make investments or loan you money.
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In which region do all product categories fall beneath the overall average profit?
we can easily see with a reference line that all product sub-categories in the South region are below this number.
What is South region?The South is a geographical and cultural region of the United States of America. It is located between the Atlantic Ocean and the Western United States, with the Midwestern and Northeastern United States to the north and the Gulf of Mexico and Mexico to the south.
If you were from the South, you might have said Jefferson Davis. On November 6, 1861, Jefferson Davis was elected president of the Confederate States of America, not the United States of America.
The military occupation of the South, which began in 1861, had far-reaching implications, some of which were short-lived while others were long-lasting. The agony and destruction were immense, but the suffering subsided with the end of the war, and the destruction was quickly rebuilt.
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What are the global implications for the product or service you are marketing? what are the global implications of your marketing strategy and recommendations?
The main global implication of a marketing strategy is the orientation toward meeting customer needs that results in increased customer satisfaction.
This global implication can be achieved only once you have identified your target market and the characteristics of your targeted customers through surveys and market studies Thus, this way you can focus on strategies to serve your customers better than your competition and achieve customer satisfaction.
A marketing strategy has important implications for product design and promotion. Once you know what your customers want, you have to just ensure that the product features meet their needs.
Hence, your company can increase both sales and profitability with improved customer satisfaction and innovative products.
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The primary factor that caused most economists to lose their faith in the classical approach to macroeconomic policy was a) the high levels of:________
The primary factor that caused most economists to lose their faith in the classical approach to macroeconomic policy was "the Great Depression's prolonged period of heavy unemployment."
What is macroeconomic policy?The functioning of the business as a whole is a concern of macroeconomic policy.
Some characteristics of macroeconomic policy are-
Macroeconomic policy's overarching objective is to create a sustainable financial environment that lends itself to healthy and long-term economic growth, which is essential for generating wealth, jobs, and higher living standards. Fiscal policy, monetary policy, and exchange rate policy are the three main pillars of macroeconomic policy. This short describes the characteristics of every one of these policy tools and the various ways in which they might support steady and sustained growth.Changes in the amount and nature of government expenditure, the amount and types of taxes collected, and the amount and nature of government borrowing are all examples of how fiscal policy is implemented. Recurrent and capital spending, as well as the consequences of spending, taxes, or transfers upon private consumption, investment, and net exports, are two ways that governments can directly affect economic activity.To know more about macroeconomic policy, here
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The rutabaga market is perfectly competitive and the price of a ton of rutabagas rises. as a result, rudy, a rutabaga farmer, will________.
Answer: The rutabaga market is perfectly competitive and the price of a ton of rutabagas rises. as a result, rudy, a rutabaga farmer, will increase his output of rutabagas.
Explanation: According to economic theory, perfect competition exists when all businesses sell same goods, market share has no bearing on prices, businesses can enter or quit the market without obstacles, consumers have perfect or complete information, and businesses are unable to set prices.
It is a market that is solely influenced by market forces, in other words. It is opposed to imperfect competition, which more accurately reflects the nature of the market at the time.
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When a counselor uses a networked or shared computer for the storage of confidential information on clients, the counselor should?
When a counselor uses a networked or shared computer for the storage of confidential client information, the counselor should store confidential records on a portable storage device, rather than on the computer's hard drive. A counselor is a person trained to give guidance on personal or psychological problems.
What is a confidential record?Confidential records contain information that for one or more reasons should only be disclosed to specific people or groups.
Therefore, the correct answer is as given above.
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Advertising, personal selling, sales promotion, direct marketing, and public relations are the components of the:_________
Advertising, personal selling, sales promotion, direct marketing, and public relations are the components of marketing Communications Mix.
What is marketing?Marketing involves all the processing and method's employed by an individual to make his or her product known.
The Marketing Communications Mix consist of many blends of advertisment and personal selling.
It could also contain sales ads for promotion and direct marketing. This is done to achieve the marketing objectives of a company.
Therefore,
Advertising, personal selling, sales promotion, direct marketing, and public relations are the components of marketing Communications Mix.
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What is the final stage (or level) inside supply chains that manage the production, marketing and delivery of tangible products?
Disposing of or recycling old products is the final stage (or level) inside supply chains that manage the production, marketing and delivery of tangible products.
What is Supply Chain Management?A supply chain is a group of people and businesses responsible for producing a product and getting it to the consumer. The raw material producers are the first links in the chain, and the last is the van that delivers the finished product to the customer.The importance of supply chain management may be seen in the reduced costs and improved productivity that come from an optimized supply network. Companies work to enhance their supply chains in order to lower costs and maintain competitiveness.To know more about Supply Chain Management with the given link https://brainly.com/question/18850093
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