If the cross-price elasticity of demand for computers and software is negative this means the two goods are Complements.
Use cross-price elasticity to determine whether a product is a complement or substitute. A positive cross-price elasticity implies substitutes and a negative cross-price elasticity implies complements. When two commodities are complementary when the price of one increases, the quantity of the other decreases, and vice versa. This negative relationship, therefore makes the cross-elasticity of demand always negative.
Determines whether a product is a complement or substitute based on cross-price elasticity. If the cross-price elasticity is positive, the commodity is a substitute, and if the cross-price elasticity is negative, the commodity is a compliment. They are substitutes if the cross-price elasticity of demand is positive. Alternatives are products for which consumers buy one or the other but not both. If the price of the substitute increases fewer substitutes will be sold.
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When an rbt has a conflict with an employer, their first step should be?
When an RBT has a disagreement with an employer, they should alert their supervisor about it right away.
An RBT is a paraprofessional that works with individuals and their families who are coping with learning behavioural issues one-on-one or in small groups. An RBT gathers data and executes treatment protocols or behaviour plans under the supervision of a Board Certified Behavior Analyst (BCBA).
The Board Certified Behavior Analyst (BCBA) credential is at the master's level. Without the supervision of another therapist, they are able to offer ABA services to their clients.
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The output of the stakeholder management strategy results is a project charter.
a. True
b. False
False. Stakeholder registries are created as a result of the outcomes of the stakeholder management approach.
A party that has an interest in a business and can affect or be affected by it is called an interested party. Investors, employees, clients, and suppliers make up the main components of a typical corporation. This idea has now been expanded to include communities, governments and business groups due to the growing focus on corporate social responsibility.
A corporation's operations and performance can either benefit or harm stakeholders because they have a vested interest in them. Typical stakeholders are investors, employees, clients, suppliers, community members, government bodies or trade groups. Among the several groups of stakeholders that businesses must consider are others besides shareholders. In certain circumstances, the general public could be considered an interested party.
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a company has discovered that confidential business information has been steadily acquired by a competitor over the past six months. the it security team has been unable to find the leaks. the team suspects a form of side-channel eavesdropping may be involved. what is the suspected hacking method?
Electromagnetic side-channel attacks are a dubious hacking method.
Hackers can intercept systems by measuring and analyzing electromagnetic emissions. In 1985, computer researcher Wim Van Eck documented a side-channel electromagnetic radiation attack that became known as "Van Eck phreaking."
A side-channel attack is an attack on a system's program execution by gathering information from program execution on the system or by measuring or exploiting the indirect effects of the system or its hardware rather than directly on the program or its hardware. It's a security exploit with the intent to influence. A targeted code attacker does not necessarily need to know the specific implementation details of the cryptographic device in order to perform these attacks and extract the keys.
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abbott corp.'s attorney estimates that the company will ultimately have to pay $400,000 related to current litigation. abbot's journal entry should include a:
According to the lawyer for Abbott Corp., be required to pay $400,000 for the ongoing legal battle. The journal entry for Abbott should include a debit for loss and a credit for contingent liability.
A liability that could materialize based on the result of an unknowable future occurrence is known as a contingent liability. If the possibility of the contingency exists and it is fairly possible to estimate its size, journal entry contingent liabilities are documented. If neither of the conditions is true, the liability may be mentioned in a footnote to the financial statements.
Due to the uncertainty of their outcomes, pending litigation and product guarantees are frequent examples of contingent liability. The accounting contingent liability. standards for disclosing a contingent obligation vary according to the expected financial amount of the liability and the journal entry possibility that the event will occur. Readers of financial statements are given enough information thanks to the accounting regulations.
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According to the lawyer for Abbott Corp., be required to pay $400,000 for the ongoing legal battle. The journal entry for Abbott should include a debit for loss and a credit for contingent liability.
A liability that could materialize based on the result of an unknowable future occurrence is known as a contingent liability. If the possibility of the contingency exists and it is fairly possible to estimate its size, journal entry contingent liabilities are documented. If neither of the conditions is true, lawyer the liability may be mentioned in a footnote to the financial statements.
Due to the uncertainty of their outcomes, pending litigation and product guarantees are frequent examples of contingent liability. The accounting contingent liability. standards for disclosing a contingent obligation vary according to the expected financial amount of the liability and the journal lawyer entry possibility that the event will occur. Readers of financial statements are given enough information thanks to the accounting regulations.
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assuming rising prices, which method will give the highest dollar value for cost of goods sold on the income statement?
Systems that manage processes originating in one company and concluding in another company are called ________ systems.
Systems that manage processes originating in one company and concluding in another company are the types of organizations and relationship that is called interorganizational systems.
What is an interorganizational systems?This is the term that is sued in information and communication technology to make references to the types of technological systems that are made to share information in such a way that they would be able to share messages across borders of the organizations.
A god example of this type of system would be what is called the B2b system. A very good advantage that this system has is that it helps to be able to create the systems that are knwon to create competitions among businesses and organizations.
Therefore we would conclude by saying that the interorganizational system can be defined as the system that is known to handle the processes that would start from company a and then complete it in company B.
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In what ways might household saving rates reflect both the economic culture and history of a country
As personal saving contributes to investment, all else equal, a higher saving rate will result in a higher level of physical capital over time, allowing the economy to produce more goods and services.
An economy is an area of production, distribution, and alternative, in addition to the consumption of goods and offerings. In fashionable, it is defined as a social area that emphasizes the practices, discourses, and fabric expressions associated with the manufacturing, use, and management of scarce sources. A given economy is a set of methods that entails its lifestyle, values, education, technological evolution, records, social agency, political shape, criminal structures, and herbal assets as main factors. Those elements provide context, and content, and set the conditions and parameters in which an economic system functions. In other phrases, the financial area is a social area of interrelated human practices and transactions that does not stand on its own.
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What goods and services would be excluded from personal consumption expenditures in the bureau of economic analysis (bea) statistics?
Purchases of illegal goods and services would be excluded from personal consumption expenditures in the bureau of economic analysis (bea) statistics.
All consumer purchases that are made privately include those for food, housing (rent), energy, clothes, health, leisure, education, communication, transit, and hotel and restaurant services. Consumer spending, often known as personal consumption expenditures (PCE), is the amount spent on goods and services by Americans or on their behalf is known as consumer spending, often known as personal consumption expenditures (PCE).
Clothing, food, and gasoline are typical examples. About 25–30% of consumer spending goes toward nondurable products. Services are immaterial actions that directly satisfy customers at the time of purchase. The provision of healthcare, entertainment, and education are typical examples. The cost of goods or services purchased by a resident household to satisfy requirements or desires is considered the household's final consumption expenditure.
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suppose larry's lariats produces 25,000 lassos and sells each for $10. what is the company's total revenue?
If Larry's Lariats produces 25,000 lassos and sells each for $10, then the company's total revenue is $250,000.
What is total revenue?
Revenue is the sum of money that a company makes by charging a certain price for its products or services. It is the starting point of an organization's income statement that establishes how much net income it generates after deducting costs, taxes, and interest. It is one of the most crucial line items for a business as a result. There are numerous perspectives on the same number, despite the fact that it may only be one. These different levels of insight are beneficial to investors, analysts, and businesses. Total revenue as well as marginal revenue are two of the most popular types of revenue.
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van roy supplies reports net sales of $1,750,000, net income of $175,000, and gross profit of $300,000. the company's cost of goods sold is:
The company's cost of goods sold is: $1,450,000.
What is goods ?In economics, a commodity is an object that satisfies a human need and provides utility to consumers and others who purchase satisfying products. A distinction is generally made between transferable goods and non-transferable services.Goods are tangible items sold to customers and services are tasks performed for the benefit of the recipient. Examples of goods are cars, appliances, and clothing.Goods are things that can be used or consumed.Goods are the property of the purchaser and may be used one or more times. Goods are always physical. Merchandise is a non-taxable legitimate business expense.The economist classifies goods into his three categories: ordinary goods, inferior goods and Giffen goods.To learn more about goods from the given link :
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prior to accepting a new audit engagement, a public accounting firm should:
A public accounting firm should try to get in touch with the previous auditors before taking a new audit engagement. They should also assess their resources to make sure they have enough to take the engagement and evaluate the management's honesty.
A company or person that assists a variety of clients, from individuals to businesses, in the preparation of financial papers is known as a public accountant. PAs serve as a third party to analyze a company's financial statements before they are made public. Because they are not exclusively hired by any one client, public accountants and public accounting firms are not a part of that customer's corporate or company structure. An audit is defined as "an impartial review of financial data of any entity, whether profit-oriented or not, regardless of size or legal form, when such an examination is done with a view to expressing an opinion thereon." is an audit.
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accrual basis accounting is defined as: (check all that apply.)
When it comes to accounting, the accrual basis emphasizes when costs and revenues are incurred rather than when they are paid or received.
Revenue is the collective income from sales of goods and services that are directly connected to a company's basic business operations in the context of accounting. Two more phrases for commercial revenue are sales and turnover. Some companies get money from interest, royalties, and other payments. The phrase "income" is commonly used in place of revenues. Examples of revenue accounts using the accrual basis include the following: sales, service revenues, fees collected, interest income and revenue. Revenue accounts are credited when services are provided and billed, and as a result, they frequently have credit balances. The amount of money needed to do something or buy something is called the cost. We must start cutting back on our spending. The house was redecorated at great expenditure. However, Fiscal Fitness likes to divide your expenditure into four categories: fixed, recurring, non-recurring, and whammies (the worst kind of expense).
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When market forces lead to efficient production, each producer is _____, and the product is produced _____.
When market forces lead to efficient production, each producer is selling it, and the product is produced as alternating production.
Each producer sells their output when market forces result in efficient production, and the product is created through alternate production.
What is alternate production?Continuous improvement eliminates ineffective working methods and boosts organizational and individual efficiency.
Frequent and thorough process analysis will educate you on how to see bottlenecks more quickly, foresee problems in the future, and modify workflows as necessary.
Combining all these benefits increases the likelihood that your customer satisfaction and loyalty levels, turnover, and profitability will rise as well.
As a result, each manufacturer sells their product when market forces result in efficient manufacturing, and the product is created through alternate production.
Continuous improvement aims to improve corporate processes' accuracy, efficiency, and effectiveness through recurrent modifications. An issue must be identified before remedies can be planned, tested, and changed.
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the ability to provide instructional consistency by offering the same training content to employees worldwide was suggested in your class preparation materials as an advantage of which training method?
E-learning is the ability to provide instructional consistency by offering the same training content to employees worldwide .
What is meant by e-learning ?
E-learning is a formalized teaching-based learning system that makes use of electronic resources. E-learning is primarily centered on using computers and the Internet, while education can also take place in or outside of formal classroom settings.
The transmission of education to many receivers at once or at various times is known as e-learning, which is also known as a network-enabled transfer of skills and knowledge. Earlier, it wasn't fully recognized since it was thought that this method lacked the human component necessary for learning.
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suppose that sour cream and onion soup mix are complements. if a change in supply causes the price of sour cream to rise, what will happen to the market for onion soup mix?
If a change in supply causes the price of sour cream to rise, market for onion soup mix will decrease.
Generally speaking, one of two (or more) items that are linked together. Complementary products are those that, when consumed together, satisfy a want or need in terms of demand. Complement items, in terms of supply, are those that are created concurrently using a specific resource. One of two ways that goods are related is through a complement good.
Typically, one of two elements that are connected to one another. Products that, when eaten together, meet a demand for a want or need are said to be complementary.
In terms of supply, complementary items are those that are produced simultaneously using a particular resource. A complement good is one of two ways that two different goods might be associated.
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The allowance method is a method of accounting that ______ for estimated bad debts.
The allowance method is a method of accounting that decreases net accounts receivable for estimated bad debts.
With the allowance strategy, a reserve is set aside for any future bad debts. A percentage of the sales made during a reporting period is used to compute the reserve, with the percentage of sales possibly being adjusted for customer risk.
The allowance method can be applied in any or both of the following ways: focusing on the income statement's essential bad debt expenditure. focusing on the necessary sum for the provision for dubious accounts (which will be reported on the balance sheet)
Using the allowance strategy, businesses can collect the otherwise uncollectible debt or receivable, which also helps them determine the debt risk at the time of the first purchase.
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the nation of turboland produces only two goods, x and y. the prices and final quantities produced of the two goods in 1993 and the base year of 1992 are shown in the table below. price of good x ($) quantity of good x (units) price of good y ($) quantity of good y (units) 1992 (base year) 5 4 10 5 1993 6 6 10 6 what are the nominal gdp and real gdp in 1993?
Nominal GDP is $96, Real GDP is $90.
The required details for Nominal GDP in given paragraph
Nominal gross home product (GDP) is GDP given in modern prices, with out adjustment for inflation. Current rate estimates of GDP are received via way of means of expressing values of all items and offerings produced within side the modern reporting period. Nominal GDP displays the uncooked numbers in modern bucks unadjusted for inflation. Real GDP adjusts the numbers via way of means of solving the forex value, therefore putting off any distortion resulting from inflation or deflation. Gross home product (GDP) is the marketplace value of all very last items and offerings from a country in a given year. Countries are taken care of via way of means of nominal GDP estimates from monetary and statistical institutions, that are calculated at marketplace or authorities official change costs.
Nominal GDP does now no longer consider variations within side the fee of living in distinctive countries, and the effects can range substantially from twelve months to every other primarily based totally on fluctuations within side the change costs of the country's forex.
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On june 1, nicholson company purchased inventory on account with a cost of. Credit terms were 2/10, net 30. On june 2, nicholson company returned percent of the inventory. Nicholson company uses the perpetual inventory system. What journal entry did nicholson company prepare on june 2?.
The Journal entry which Nicholson company will prepare on June 2 will be like when goods are returned the reverse entry is made which is
Accounts Payable A/c Dr. $480
Purchase Return / Inventory A/c Cr. $480
A journal entry is an act of recording any transaction, whether it is economic or not. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
Accounting journal entries are transferred from the journals and posted to the general ledger in order to record financial transactions in the accounting system. Modern accounting software handles the majority of this process automatically, but it's crucial to understand what's going on since there are instances when manual entries will need to be made to adjust or correct account balances at the conclusion of an accounting month.
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If the unemployment rate drops, then it necessarily follows that some of the people who were once unemployed are now employed.
a. True
b. False
If the unemployment rate drops, then it necessarily follows that some of the people who were once unemployed are now employed .This statement is a false statement.
The unemployment rate increases when an unemployed person leaves the labour force?Because unemployment is calculated by dividing the number of unemployed persons by the labour force, it won't be affected if this unemployed person abruptly leaves the labour force. This will enhance the balance because there is now one fewer unemployed person in the labour force.
What takes place when the unemployment rate falls?As the unemployment rate declines, more workers are in demand, which raises wage inflation. Employers must raise wages in order to recruit and retain talent because there are fewer people looking for work.
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The signals that guide the allocation of resources in a market economy are?
a. surpluses and shortages.
b. quantities.
c. government policies.
d. prices.
The signals that guide the allocation of resources in a market economy are prices.
What is a market economy?An economic system in which two forces known as supply and demand work together and affect the entire market. It is important to mention that the production of services and goods is dependent entirely on supply and demand.
The market price in a market economy steers or guides resource allocation. Consumers pay more prices for the products that the consumer consider valuable to them. This allows the producers to use more resources in the production of such high-priced products. Hence, a demand and supply chain is created through the price.
It can be concluded that the signals that guide the allocation of resources in a market economy are prices.
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noor manages shipments of components and materials that will be transformed into game consoles for her company. these materials are .
for blank pricing to be effective, there must be sufficient customers willing to buy the product at a high initial price, they should interpret the high price as signifying high quality, and the high price should not attract competition.
For skimming pricing to be effective, there must be sufficient customers willing to buy the product at a high initial price, they should interpret the high price as signifying high quality, and the high price should not attract competition.
Fee skimming occurs whilst goods are priced higher so that fewer sales are wished to interrupt even. Selling a product at an excessive rate, and sacrificing high income to gain an excessive profit is, therefore "skimming" the marketplace. Skimming is generally hired to reimburse the fee of funding of the unique studies into the product: typically utilized in digital markets whilst a new variety, which includes DVD gamers, is firstly bought at a high charge. This approach is often used to goal "early adopters" of a product or service. Early adopters commonly have a surprisingly decreased charge sensitivity—this will be attributed to: their want for the product outweighing their need to save cash; more knowledge of the product's cost; or truly having a higher disposable income.
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when project managers analyze tasks involved in completing a project, estimate time needed for each task and estimate the minimum time needed to complete the project, they are applying what tool to operations management?
They are using the operations management tool, Program Evaluation and Review Technique (PERT).
Program Evaluation and Review Technique (PERT): what is it?
A graphical representation of a project's timeline, known as a program evaluation review technique (PERT) chart, lists each individual task required to complete the project. Because it shows task dependencies, the PERT chart is frequently referred to as the Gantt chart as a project management tool. A PERT chart, however, might be more challenging to understand.
A PERT chart is made by a project manager to analyze all of the project's tasks and determine how long it will take to complete each one. The project manager can calculate the minimum amount of time needed to finish the entire project using this information.
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microfilaments function in cell motility including __________.
Microfilaments function in cell motility including muscle contraction, amoeboid movement, and cytoplasmic streaming in plants.
Microfilaments, otherwise known as actin filaments, are protein filaments in the cytoplasm of eukaryotic containers that form the unspecified cytoskeleton. They are generally calm of polymers of actin but are modified by and communicate accompanying abundant additional proteins in the container. microfilaments help to produce the forces secondhand in natural shortening and fundamental cell evolutions.
Cell motility is the impulsive evolution of a container from individual neighborhood to another by devouring strength. The term circumscribes various types of motion, containing swimming, crawling, skating, and overrunning.
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nventories needed for the production of services and goods (inputs to a firm's transformation processes) are called: quarantined materials. work-in-process. raw materials. finished goods.
The inventory or input goods that a business needs to manufacture its products are known as raw materials.
What is inventory?
Both the raw materials in use in production and the finished goods that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders. There are three different types of inventory: finished goods, work-in-progress, and raw materials. On the balance sheet of a company, it is listed as a current asset. Inventory is a crucial asset for any business. It is described as the assortment of raw materials or finished products that a company maintains throughout the normal course of business.
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How effectively do employees generate revenue?
Answer:
Explanation:
working
managing a firm's external resources in ways that support the long-term goals of the firm can be referred to as?
Managing a firm's external resources in ways that support the long-term goals of the firm can be referred to as Strategic sourcing.
Utilitarianism is an moral concept that determines proper from incorrect with the aid of using that specialize in outcomes. It is a shape of consequentialism. Utilitarianism holds that the maximum moral preference is the only with the intention to produce the finest top for the finest number.
Promoting range with external resources the aid of using the world over shopping for from small corporations or ethnic minority enterprise is an instance of moral sourcing, and convincing the dealer to slicing returned on packaging, fuel, or energy is an instance of sustainable sourcing.
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Suppose roses are currently selling for $20 per dozen, but the equilibrium price of roses is $30 per dozen. We would expect a.
which tool is used to determine an area's level of specialization in an industry?
An area's level of industrial specialisation can be calculated using the location quotient tool.
The location quotient is a straightforward method that, like snapshot and trend analysis, heavily relies on employment data, but it offers a unique perspective on understanding specific local economic strengths and spotting development opportunities. The sector is an export activity with a significant link to the external economy if the location quotient is greater than one (1). Before considerable export activity is represented, the location quotient needs to be higher than 1.25. A large-scale enterprise or a manufacturing enterprise is what is meant by the term "industrial." A printing press is an illustration of industrial machinery. originating from, connected to, or resulting from the manufacturing sector. Industrialization and pollution from industry.
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The components of a merchandiser's multi-step income statement are shown below. in which order would they appear on the statement?
a. Cost of goods sold
b. Net sales
c. Gross profit
d. Net income
e. Expenses
D. Net Income, Operating Income, Total Other Income and Expenses, and Gross Profit
When calculating a multi-step income statement, we first deduct the cost of products sold from the revenue to arrive at the gross profit. The operating income is then calculated after deducting all operating costs. To create revenue before interest and tax, the operational income has now been modified to reflect the total other income and expenses. Finally, we arrive at the net income following the deduction of interest and tax costs.
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