Producers can be encouraged to internalize external costs by d. imposing pollution fines or higher user fees.
In the field of business, those prices associated with a product that is not included in the market value of the product is referred to as external costs.
Many producers tend to inflict those external costs of a product on the government. They look for methods by which the external costs are not internalized so that they do not have to generate revenue for the external costs.
However, producers can be encouraged to internalize the external costs in various ways such as inflicting fine upon them for any pollution that they cause and also imposing a higher user fee if they are using more than a reserved value or a raw material.
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What are some examples of economic interest groups?.
Interest organisations that are formed largely for economic purposes but participate in political action in attempt to influence government policy.
A Statement of Economic Purpose (FORM 700) would be a state form that requires state as well as local government employees to publicly disclose personal assets as well as income that could be level of service with their official actions.
The National Rifle Association of America (NRA) would be an American second amendment advocacy organization. The contemporary NRA, founded in 1871 to develop rifle marksmanship, has evolved into a powerful gun rights lobbying organization despite continuing to teach weapon safety as well as competency.
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suppose that after a successful lobbying campaign by chocolate producers, the government imposes a price floor of $7 per pound. the price floor will lead to a surplus of pounds of chocolate.
Suppose that after a successful lobbying campaign by chocolate producers, the government imposes a price floor of $7 per pound. the price floor will lead to a surplus of pounds of chocolate. This is false.
What exactly is a price floor, and why does it exist?A price floor is a market-determined lower limit on the price of a commodity. Governments typically establish a price floor to ensure that the market price of a commodity does not fall below a level that threatens the financial viability of the commodity's producers.
A price floor is a price control or limit imposed by the government or a group on how low a price can be charged for a product, good, commodity, or service. To be effective, a price floor must be higher than the equilibrium price.
A price floor is the lowest price at which a product or service may be sold. The government has imposed price floors on many agricultural goods. In this case, there'll be scarcity as producers will make less due to lower price.
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Complete question
suppose that after a successful lobbying campaign by chocolate producers, the government imposes a price floor of $7 per pound. the price floor will lead to a surplus of pounds of chocolate. True or false.
In determining if a process is to be automated, the project team will do all of the following EXCEPT:a) Weigh the costsb) Redraw the logical DFD as a combined logical/physical DFDc) Determine benefitsd) Evaluate the efficiencye) Consider the integrity of the process to the systemb)Redraw the logical DFD as a combined logical/physical DFD
In determining if a process is to be automated, the project team will do all except Determine benefitsd) Evaluate the efficiencye) Consider the integrity of the process to the system.
By eliminating human inputs, process automation streamlines a system, reducing errors, accelerating delivery, enhancing quality, cutting costs, and streamlining the business process. Evaluate automation is the use of technology, data, and system integration to make manual operations automatic. Process automation is a crucial step in business management since it can boost the company's efficiency, competitiveness, and customer value. Requests for employee leave and vacation. Employee leave and vacation requests are often processed and tracked manually, taking a lot of time.
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give an example of why you would use a trigger over a workflow or process builder to accomplish an update to a field?
Workflow/process Builder cannot cope with delete and undelete DML. while Apex triggers can cope with all DML operations. errors pronounced in Workflow/manner Builder is greater established which makes it hard to find the starting place of the error. With Apex triggers, exception managing may be made extra specific.
A workflow consists of an orchestrated and repeatable pattern of activity, enabled via the systematic company of sources into methods that remodel substances, offer services or manner facts.
An enterprise workflow is a repeatable process that consists of a chain of responsibilities that typically want to be completed in a particular collection. think about it as work flowing from one degree to the following till it's miles finished. Workflows are beneficial for making sure that crucial tactics are accomplished the proper way on every occasion.
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What causes declining GDP?.
A decline in gross domestic product is often caused by various incidents such as worldwide catastrophes, disturbances in the supply and demand chains etc.
Real gross domestic product contraction for two or more consecutive quarters is a sign of a recession in the economic cycle. Negative growth rates frequently go hand in hand with decreasing real income, rising unemployment and decreased output.
A series of economic events, such as disruptions in the supply chain, an economic collapse or a global disaster can lead to a recession. After an inflationary phase, a recession may also begin. Central banks boost lending rates to slow the economy and reduce inflation as inflation rises. Higher interest rates raise the likelihood of a recession, which can result in layoffs, reduced employment and reduced consumer and business expenditure, among other repercussions of a slowing economy.
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Diddy Corp. stock has a beta of 1.2, the current risk-free rate is 5 percent, and the expected return on the market is 13.5 percent. What is Diddy's cost of equity? (Round your answer to 2 decimal places.) Cost of equity
According to the Capital Asset Pricing Model (CAPM), the company's cost of equity is determined by the risk factors. The present value of the project's inflows divided by the project's outflows is the NPV, or net present value.
Cost of Equity, according to CAPM, is equal to the following: Risk Free Rate x Beta x (13 - 6) x 1.1 = 13.70%
The NPV or the CAPM?
Asset valuation and financial modeling both rely heavily on the CAPM.At the point when a monetary expert qualities a stock, they utilize the weighted typical expense of capital (WACC) to track down the net present worth (NPV) of future incomes.The expected value derived from the CAPM is used as the cost of equity in the WACC equation.
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the montana company sells western clothing like boots, hats, and belts. the montana company has developed marketing goals to expand its business but now needs to create a , which will become part of the strategy for reaching the montana company's target market.
The inbound methodology is a way to expand your business by cultivating deep connections with clients, customers, and prospects.
What Is the Inbound Methodology?The inbound methodology is a way to expand your business by cultivating deep, enduring connections with your target audience. At any point during their journey with you, you should value and give these people the tools they need to achieve their goals.Three methods of application exist for the inbound methodology:With conversations and valuable content, you can attract the right people by positioning yourself as a reliable advisor they want to work with.Engage them by providing insights and solutions that are in line with their needs and objectives to increase the likelihood that they will purchase from you.Enabling your customers to succeed with their purchases by offering them assistance and support.To Learn more About Inbound Methodology refer to:
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trighton's trailer co. sells all kinds of trailers and provides a one-year warranty on all new trailer sales. based on history, trighton anticipates that 2% of trailers will be returned and will have a warranty cost of $100 per trailer. during the month, victor sold 300 trailers for a total of $255,000. at the end of the month, trigh
At the end of the month, Trighton will record $600 in warranty expenses.
Expenses is a term used in economics that can be described as the amount that is incurred in making a commodity or a product. These are the basic inputs that the firm has to acquire to maintain a particular product or products.
Trighton anticipates a return of 2% and will have a warranty cost of $100 per trailer. As Victor sold 300 trailers for a total of $255,000, the total cost that would be incurred will be with respect to the anticipated return of 2% on the warranty cost and the number of the visitors or the seller have sold to the customer. Therefore the amount Trighton will record in warranty expenses is calculated as follows;
= 300 x.02 x $100
= $600
Although a part of your question is missing, you might be referring to this question:
Trighton's Trailer Co. sells all kinds of trailers and provides a one-year warranty on all new trailer sales. Based on history, Trighton anticipates that 2% of trailers will be returned and will have a warranty cost of $100 per trailer. During the month, Victor sold 300 trailers for a total of $255,000. At the end of the month, Trighton will record $____________ in warranty expense.
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According to the concept of bounded rationality, managers make decisions ________.
Answer:
rationally
According to the concept of bounded rationality, managers make decisions rationally, but are limited by their ability to process information.
Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Estimated inventory (units), June1 Desired inventory (units), June 30 Expected sales volume (units): Rumble Thunder 750 300 250 500 Midwest Region 12,000 14,000 $60 3,500 4,000 $90 South Region Unit sales price a. Prepare a sales budget. Sonic Inc Sales Budget For the Month Ending June 30 Product and Area Model: Rumble Unit Sales Volume Unit Selling Price Total Sales Midwest Region ( ) South Region Total Model: Thunder Midwest Region b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Sonic Inc. Production Budget Units Rumble Units Thunder Expected units to be sold Desired inventory, June 30 500 Total Estimated inventory, June1 Total units to be produced
a) The preparation of the sales budget for June for Sonic Inc. is as follows:
Sonic Inc
Sales BudgetFor the Month Ending June 30
Product and Area Model: Rumble Thunder
Sales Volume 15,500 18,000
Unit Selling Price $60 $90
Total Sales $930,000 $1,620,000
Midwest Region $720,000 $1,260,000
South Region $210,000 $360,000
b) The preparation of the production budget for June for Sonic Inc. is as follows:
Sonic Inc
Production BudgetFor the Month Ending June 30
Rumble Thunder
Expected total sales units 15,500 18,000
Desired inventory (units), June 30 250 500
Total Estimated inventory, June 1 -750 -300
Total units to be produced 15,000 18,200
What is the sales budget?The sales budget is an estimate or projection of the sales volume and revenue that can be achieved within the budget period.
The sales budget in dollars is the product of the sales volume and the selling price per unit.
What is the production budget?The production budget is an offshoot of the sales budget because the sales budget, including the desired beginning and ending inventory, determines the number of units to be produced.
Rumble Thunder
Estimated inventory (units), June 1 750 300
Desired inventory (units), June 30 250 500
Expected sales volume (units):
Midwest Region 12,000 14,000
South Region 3,500 4,000
Total sales units 15,500 18,000
Selling price per unit $60 $90
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One of the great dangers in allocating common _____ costs is that such allocations can make a product line look less profitable than it really is.
Fixed
One of the great dangers in allocating common fixed costs is that such allocations can make a product line look less profitable than it really is. Fixed costs are expenses that remain constant regardless of whether sales or production volumes rise or fall.
Fixed costs are therefore regarded as indirect costs. Rent and leasing charges, salary, energy prices, expenses, insurance, and loan repayments are a few examples of fixed costs. There are some taxes that are fixed costs as well, such as company licences. However, if the workforce grows or shrinks, so can the wages given to employees. As a result, it is not regarded as a fixed expense.
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the olsons have obtained a variance from their municipality. if the olsons sell their home, what must the new owners do
the olsons have obtained a variance from their municipality. if the olsons sell their home, the new owners do Nothing.
What does municipality refer to?A municipality is a corporate and political organization set up by the locals to function within a predetermined geographic area with the aim of offering public services. The municipality has the authority to run its own affairs because of the state's grant of those rights. A municipality is often a single administrative entity with corporate status, powers of self-government, and jurisdiction as provided by local, state, and federal laws to which it is subject. Additionally, the term "municipality" can refer to the local government.
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if an item is a necessity rather than a luxury, its demand curve will be: relatively flat. relatively steep. perfectly elastic. perfectly inelastic.
If a good is a necessity in nature like; a life saving drug instead of a luxury; like BMW vehicle, then the demand curve as always perfectly inelastic. Option D is correct.
What is demand curve?The technical relationship between the price of an item or service and the quantity demanded over a specific time period is represented graphically by the help of demand curve.
The price and quantity demanded are often represented with the price on the left vertical axis and the horizontal axis, respectively.
Therefore a necessity goods make a perfectly inelastic demand curve irrespective of the price fluctuation (increase or decrease) because a customer is willing to subscribe the product whatever it charges by the seller.
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which economic system is based on collective ownership of the means of production and collective distribution of goods and services?
Socialism is based on collective ownership of the means of production and collective distribution of goods and services.
The economic and political structure of socialism is founded on the common, collective or public ownership of the elements of production. The equipment, resources and manufacturing facilities utilized to create products that are intended to directly meet human needs are among those means of production. Socialism envisions a system in which the working class shares ownership and control of the means of production, as opposed to capitalism, in which company owners control the means of output and pay workers wages to use them.
In a wholly socialist economy, all decisions about production and distribution are decided collectively under the guidance of a central planner or government authority. However, worker cooperatives are a type of socialized production as well. People rely on the state for support since socialist societies frequently offer strong social safety nets and welfare programs.
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gasb statement no. 34 mandates that governments report their cash flows from operations using the indirect method. true false
This claim is untrue. Governments are not required to use the indirect method to disclose their cash flows from operations under GASB statement No. 34.
According to the GASB, how should governments present their financial data?Contrary to the GASB's suggestion that they be provided as a supplementary schedule following the notes, governments may opt to include the budgetary comparisons as basic financial statements after the governmental finances financial statements.
Does GASB 34 still exist?The criteria in GASB Statement No. 34 have been optional since it was established in June 1999. However, in some states and municipalities, GASB standards may be incorporated into state or local laws.
What exactly does GASB statement 34 cover?The GASB established the format and measurement focus of the basic financial statements, some related financial statement notes, and the necessary supplemental data, such as management's discussion and analysis, in Statement 34, which is the current model for state and local government financial reporting (MD&A). Statement 34 included a number of features, including the introduction of government-wide financial statements with accrual information for activities that had previously only been reported on a modified accrual basis in the governmental funds. These features specifically included the reporting of infrastructure, other capital assets, and long-term liabilities.
The addition of the original budget demonstration to the budgetary comparison schedule, the implementation of major fund reporting again for governmental and enterprise funds, the mandate for the inclusion of a narrative MD&A well before financial statements, and the addition of note disclosures for capital asset and long-term liability interaction over the reporting period are all other requirements of Statement 34.
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FILL IN THE BLANK. ___ are a form of financial instrument through which corporations and governments borrow money from financial investors and promise to repay with interest
Bonds are a type of financial instrument in which corporations and governments borrow money and promise to repay it with interest to financial investors.
What is a bond?A bond is a type of loan collected from an investor to a borrower, such as a company or government. The borrower uses the funds to fund its operations, while the investor earns interest on his or her investment. A bond's market value can fluctuate over time.Bonds are one type of investment known as a fixed-income security. They are debt obligations, which means that the investor lends a certain amount of money (the principal) to a company or government for a set period of time in exchange for a series of interest payments (the yield).They provide a steady stream of income. Bonds pay interest twice a year.To learn more about bonds refer to :
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How does price discrimination move a market that is not perfectly competitive to an efficient output level?.
which of the following are examples of specific roles that need to be allocated within the team in order to ensure the team is effective
The resources serve as illustrations of specific roles that must be assigned within the team in order to guarantee the team's effectiveness.
When we talk about resources, we're talking about all the things that are available to us that are environmentally friendly, economically viable, and culturally sustainable and that help us meet our needs and desires. Resources can be broadly categorized based on their availability into resources renewable and non-renewable resources. They can also be divided into real and potential entities based on their level of guarantee development and use, biotic and abiotic entities based on their origin, ubiquitous entities based on their distribution, and localized entities based on their distribution (private, community-owned, national and resources international resources). With time and evolving technology, an object might become a resource. Increased wealth, the smooth guarantee operation of a system, or improved wellbeing are only a few advantages of resource use.
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After a bank reconciliation is completed, journal entries are prepared for items in the balance per company's records as well as items in the balance per bank statement (T/F).
(F)alse
The answer is true. Depending on the bank, there may or may not be a link under "Account" or "Account Services" at the top of the page for "Statements."
You can download PDF copies of your bank statements as soon as you locate this page. A bank statement is a summary of all the transactions that have occurred in your account over a specified time frame, typically a month. Account balances, deposits, withdrawals, fees, and contact details are just a few of the details that may be found on statements. A proof of funds is a piece of documentation that proves someone or something has the money to cover a particular transaction.
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Both owners and managers must carefully designate their responsibilities in the management agreement. In a management agreement, all of the following would typically be responsibilities of the property manager EXCEPT:
a. Maintenance of financial accounts for money collected from tenants
b. Liability
c. Reports on property performance
d. General property management
In a management agreement, all of the following would typically be responsibilities of the property manager Liability (option-b).
A management agreement is an association underneath which operational control of an business enterprise is vested by way of agreement in a separate business enterprise that plays the necessary managerial features in go back for a rate. management contracts involve no longer just selling a technique of doing matters however involve absolutely doing them.
Management contracts are felony agreements that allow one employer to have manipulate of every other business's operations. commercial enterprise owners often signal these written agreements immediately with the control organization.
A enterprise management agreement is a agreement between the proprietor of a organization and one or more people accountable for managing the company. It outlines the unique roles, obligations, and obligations of every birthday celebration worried.
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is the opportunity cost of studying for your algebra exam different for the first hour you spent studying for it vs. the second hour?
Yes, studying for the math test for an hour has a higher opportunity cost than studying for an hour.
What are some instances of opportunity cost?When economists refer to a resource's "opportunity cost," they are referring to the value of the next-highest alternative usage. You cannot, for example, watch a movie and then read a book at home while spending the money you would have spent on the movie on something else.
Opportunity cost: Why is it important?Opportunity cost is a concept used in decision-making to help people and organizations make better decisions, especially by taking the alternatives into account. Opportunity costs, which can oftentimes be challenging to calculate, include the cost and benefit of each alternative. Opportunity costs look ahead.
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which country's postwar economic system most hindered it from competitively producing and distributing inexpensive consumer goods?
As a member of the Communist bloc, Hungary's planned economy struggled to catch up to Western standards of prosperity and never really succeeded.
What are consumer goods?
Consumer goods are items purchased by the typical consumer for personal use. Consumer products are the end product of production and manufacturing and are often referred to as final goods. Examples of common consumer goods are clothing, food items, and dishwashers.
Types of consumer products
Convenience products.
Shopping products.
Specialty products.
Unsought products.
Retail refers to the sale of products to its end users/consumers whereas Consumer packaged goods (CPG) refers to a broad spectrum of manufacturers, sellers, and marketers of physical goods (typically packaged in some way, shape, or form) used by consumers and sold through a retailer.
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A website that engages consumers and includes videos, blogs, activities, and other featuers that builds customer relationship and generates engagement is a ____________.
A website that engages consumers and includes videos, blogs, activities, and other features that build customer relationship and generates engagement is a marketing management platform.
What is a marketing management platform?A marketing engagement platform is a software tool that helps companies create and manage their marketing campaigns. It provides a unified view of customer data and analytics, allowing companies to track and measure the success of their campaigns. It also enables companies to create detailed marketing plans, collaborate with customers, analyzes customer behavior, and optimize their strategies. The platform can be used to create and manage email, web, and social media campaigns, as well as manage and track customer loyalty programs.
A marketing engagement platform is designed to help companies build relationships with customers by providing engaging content such as videos, blogs, activities, and more. It allows companies to build customer loyalty and trust, as well as generate more engagement with their products and services.
It can be concluded that a website that engages consumers and includes videos, blogs, activities, and other features that build customer relationship and generates engagement is a marketing management platform.
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FILL IN THE BLANK. according to the ___ approach to job satisfaction, people can be satisfied with some aspects of their jobs and dissatisfied with other aspects of their jobs.
According to the Facet technique to process satisfaction, human beings may be glad with a few elements in their jobs and upset with different elements in their jobs.
The required details for Facet approach in given paragraph
Facet principle is a metatheory for the multivariate behavioral sciences that posits that clinical theories and measurements may be superior via way of means of coming across relationships among conceptual classifications of studies variables and empirical walls of information-illustration areas. For this purpose, aspect principle proposes approaches for (1) Constructing or choosing variables for remark, the usage of the mapping sentence technique, and (2) Analyzing multivariate information, the usage of information illustration areas, considerably the ones depicting similarity measures (e.g., correlations), or in part ordered sets, derived from the information. Facet principle is characterized via way of means of its direct situation with the complete content material-universe below study, containing many, likely infinitely many, variables. Observed variables are appeared simply as a pattern of statistical units from the multitude of variables that make up the investigated attribute.
Hence, Facet principle proposes strategies for sampling variables for remark from the complete content material universe; and for making inferences from the pattern of found variables to the complete content material universe.
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planning documents for future business activities that are formatted to look like the common financial statements of the income statement, balance sheet, and statement of cash flows are called .
Planning documents for future business activities that are formatted to look like the common financial statements of the income statement, balance sheet, and statement of cash flows are called profit-and-loss (P&L) statements or earnings statements.
What are the Planning Documents?The planning document, which serves as the public document of the planning process, must explain how the plan was developed for each authority, including the timeline and actions that went into its creation even those engaged.
Technical writers (often team managers or project leaders) create Planning documentation plans to organize the specifics of the tasks that must be completed. It aids in organizing all team procedures and provides everyone with access to crucial data. Different components can be included in a Planning documentation plan.
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the following refers to units processed by a breakfast cereal maker in august. compute the total equivalent units of production with respect to conversion for august using the weighted-average inventory method. beginning work in process inventory units started this period units completed and transferred out ending work in process inventory units 230,000 570,000 620,000 180,000 conversion percent complete 60% 100% 100% 70%
Total Equivalent Units Conversion 746,000
Breakfast Cereal Maker
Weighted-Average Inventory Method
Total Equivalent Units
Units Conversion Equivalent Units
Particulars %
Units completed 620,000 100 % 620,000
Add Ending WIP 180,000 70 % 126,000
Total Equivalent Units 746,000
The total Equivalent units are obtained by adding the percent of the units in the ending work in process inventory to the units completed and transferred out. This is the average weighted method of finding the equivalent units.
As only conversion is required we found out the conversion units only.
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charisse is highly knowledgeable about new developments in diving technology, since she reads everything she can find about the subject. typically, being the first to try out new diving equipment, she would be classified in terms of the diffusion of innovation curve.
Charisse is highly knowledgeable about new developments in diving technology since she reads everything she can find about the subject. typically, being the first to try out new diving equipment, she would be classified as an innovator in terms of the diffusion of the innovation curve.
The innovation adoption curve is a way of modeling and monitoring individuals' use of recent products or eras over time. while sketching the curve, time is at the x-axis. The Y-Axis measures the wide variety of adapters. So, the graph measures the variety of adopters over a time frame.
By enhancing running and capital efficiency, Six Sigma facilitates fund innovation. by way of making the execution of a brand new concept more predictable, Six Sigma also facilitates mitigating chance, which is going hand-in-hand with innovation.
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medium of exchange. Which of the following would function as a store of value, and also provide a medium of exchange, and unit of account? an estate.
They function as a store of value, and also provide a medium of exchange, and the unit of account is an estate.
The assets that a person leaves at the back when they die are called the “decedent's estate.” The “decedent” is the person who died. Their “estate” is the assets they owned once they died. To transfer or inherit belongings after someone dies, you must commonly go to court docket.
The term estate may be traced to Latin and even French. Derived from the Latin time period reputation, which means that country or situation, it's blended with a stare, which means that to face, and its French derivative is an estate.
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codes of conduct are not a good way for an organization to attract individuals who might want to work for a business that embraces high standards.
False. Codes of conduct are a poor strategy for organizations looking to recruit people who might wish to work for a company that upholds high standards.
Codes of conduct: What are they?An organization's employees are expected to abide by a code of conduct, which is a set of values, guidelines, expectations, and principles. The behavior and practices that an organization wants its staff to engage in on a daily basis are frequently related to broad concepts found in the overall mission and core values of the company.
A code of conduct is a declaration from leadership that outlines expectations and communicates the moral values they believe are essential to success.
In most cases, it illustrates the culture that already exists or the culture that leadership wishes to foster. A code of conduct and a code of ethics are so similar that the two terms are frequently used interchangeably.
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could likely result in a notable loss of sales to competitors
It is said that in a perfectly competitive market, raising the price of a firm's product from the prevailing market price of $179.00 to $199.00, ____________________.
The price of a firm's product of the prevailing market price could likely result in a notable loss of sales to competitors.
Market price
In economics, market price refers the current price at which an asset or service can be bought or sold.
Given,
Here we need to find the It is said that in a perfectly competitive market, raising the price of a firm's product from the prevailing market price of $179.00 to $199.00.
While we looking into the given question, we have identified that the market price is increased.
It can be calculated by finding the difference between the previous one and the current one,
=> 199 - 179 = 20
But this will make the demand to decreased because of the high price and it will also lead to the loss to the competitors.
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