Select the true statement about the bankruptcy process. Select one of the following:Filing for bankruptcy is the best way for a company to remedy financial distress.A Chapter 11 bankruptcy is a liquidation filing.In a Chapter 7 bankruptcy, creditors are guaranteed to recoup at least part of what is owed to them.Companies that cannot meet their debts can try to reduce their debt obligations before filing for bankruptcy.

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Answer 1

Companies that cannot meet their debts can try to reduce their debt obligations before filing for bankruptcy. Companies can try restructuring their debts, if they are in a position of not meeting debt obligations.

Companies can try restructuring their debts, if they are in a position of not meeting debt obligations. They can try to rework on the change in repayment terms to improve liquidity. Other options are wrong, as chapter 11 bankruptcy is not liquidation filing, but re-organization filing. Chapter 7 bankruptcy does not guarantee the part payment to creditors.

Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court. A petition may be filed by an individual, by spouses together, or by a corporation or other entity.  

All bankruptcy cases are handled in federal courts under rules outlined in the U.S. Bankruptcy Code.

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Related Questions

the primary difference between leaders and managers is that leaders are concerned with doing the right thing, while managers are concerned with doing things right. group of answer choices true false

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True, A leader is concerned with people, whereas a manager is concerned with processes and workflows.

A leader is a change agent, which is why he or she promotes such change for the benefit of his or her subordinates as well as the organization. A manager, on the other hand, responds to changes in the business environment.

In general, a leader's role is to coach, guide, and inspire others. They motivate teams in difficult situations and mentor individuals as they advance in their careers. Individuals are managed by a leader in order to keep teams on track and working toward common goals. They promote a collaborative culture and set a good example.

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Which of the following is not an example of an external threat to a company's future profitability?
a. More intense competition from the sellers of substitute products and vulnerability to unfavorable industry driving forces
b. Having too much underutilized plant capacity and a brand name that is not well-regarded by buyers
c. Adverse demographic changes that threaten to curtail demand for the industry's product and costly new regulatory requirements
d. Disruptive trade wars and likely entry of potent new competitors into the company's market stronghold
e. Slowing or declining market demand for the industry's product, costly new regulatory requirements, and more intense competitive pressure from industry rivals

Answers

The correct answer is b. Having too much underutilized plant capacity and a brand name that is not well-regarded by buyers.

Underused is a more polite term for underutilized. Ten percent of all the vacant lands has to be sold. the fact that something is not utilized enough, or is not used enough: Children with low incomes underutilize dental care. Only use the phrase "underserved" when discussing services; do not use it to refer to all communities in poverty. To frame bigger difficulties more accurately, use the term "under-resourced." Underutilization occurs when employees' special talents and working hours aren't properly utilized to achieve corporate objectives. Underutilization therefore has a negative effect on income. Additionally, without employees operating at their full ability, it is impossible to achieve corporate objectives.

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if kono makes a particular choice, his utility, on average, is his: total well-being. middle utility. expected utility. normal well-being.

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If Kono makes a particular choice, his utility, on average, is his expected utility.

In regular language, an average is a unmarried number taken as consultant of a listing of numbers, usually the sum of the numbers divided by means of how many numbers are inside the list (the mathematics mean). for example, the average of the numbers 2, three, 4, 7, and nine (summing to 25) is five. depending at the context, a median is probably another statistic which include the median, or mode. for instance, the common private profits is often given as the median—the number below which might be 50% of personal earning and above that are 50% of personal earning—because the imply might be misleadingly excessive via consisting of non-public earning from a few billionaires.

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Which best describes a central bank's primary role?
(i) Reducing unemployment and stabilizing prices
(ii) Supervising the commercial banks of the country
(iii) Controlling stagflation
(iv) Acting as the lender of last resort and provide financial services to the government

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Option (a), The primary function of a central bank is best described as lowering unemployment and stabilizing prices.

What duties do central banks primarily perform?To achieve price stability (low and stable inflation) and control economic swells, central banks must effectively implement their monetary policies. The regulatory environments that central banks must operate in have seen significant change during the last few decades.Furthermore, it is the duty of central banks to maintain the security of the financial systems in their countries' economy. They must maintain a constant eye on lending standards across the entire economy in order to do this, as well as ensure that credit is accessible when it is required.Controlling the bank rate is one method through which central banks affect economic activity. By lowering the cost of borrowing money, lower interest rates can boost the economy, whereas higher rates might stifle expansion.

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home safe inc. is spending significant money educating customers on the value of its home safety products such as video doorbells and automatic door locks as it moves into several new international markets. the money the company is spending to educate customers is a form of

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The money the company is spending to educate customers is a form of pioneering costs. Thus, option A is correct.

Who are the customers?

An individual or company that purchases merchandise from another company is known as a customer. Customers are important since they bring in money. Businesses should cease to exist without them.

Pioneering expenses occur when the domestic market's management system and or the foreign one are so unlike that the company must spend a lot of time, money, and effort playing the game.

Therefore, option A is the correct option.

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if sales budget variance is $57,000 and flexible budget amount is $97,000, then static budget amount will be

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the solution Static budget = Flexible budget - Variance in sales budget = $97000 - $57000 = $40,000.

Static budget

A static budget does not alter for any reason over its entire life cycle. This budget, once generated, remains - well - static! A static budget is unaffected by external circumstances such as your company's progress during the year. Static budgets, like zero-based budgets, are produced based on your company's or department's targeted objectives and outcomes rather than routinely inflating the prior budget by a specified amount. Static budgets start with the previous year's budget and then account for any changes to identify where your budget may be fine-tuned on the micro level while still retaining the macro focus on attaining long-term goals. Companies compute and convey the expected cost of reaching a particular objective.

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calvin received a call from bank of america (boa). boa called to inquire whether or not calvin was taking out a credit card for a business called calvin's carpets. the credit card application had calvin's social security number, address, and date of birth. calvin informed boa that he was not. boa determined it was a case of fraud. once this was reported to the credit bureau, they offered calvin an extended fraud alert. how long will the extended fraud alert last? question 16 options: 3 years. 5 years. 7 years. 10 years.

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An extended fraud alert for credit card  last almost for 7 years.

What does Fraud alert means?

A fraud alert is a notice placed on a consumer's credit report indicating that they may have been the victim of identity theft or other fraudulent activity. Before credit can be extended, creditors are notified that additional steps must be taken to verify the consumer's identity. It is a method for consumers to safeguard themselves against future fraud.

What does Consumer means?

A "consumer" is a person or group who buys goods and services for their own use. Consumers are responsible for driving demand for goods and services as well as influencing their production and distribution. They also benefit from the products and services they buy.

Therfore the correct option is C. 7 years.

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the figure illustrates the bagel market. which of the following statements is correct?

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An inefficient underproduction of housing services results from a rent ceiling that is set lower than the equilibrium rent. Housing services result in a deadweight loss when the marginal social benefit outweighs the marginal social cost.

The highest legal rent is referred to as a rent ceiling. Rent ceilings cause a scarcity of flats if they are placed below the equilibrium rent. The excess of both consumers and producers is decreased. The amount required will exceed the quantity provided when a price ceiling is placed below the equilibrium price, leading to excess demand or shortages. There will be surplus when the price ceiling is set higher than the equilibrium market price because suppliers will receive more money for their items. As a result, the amount given will rise while the quantity required will fall. These include a decline in affordability, a delay in new development, the encouragement of gentrification, the degradation of rent-controlled structures, and a drop in the number of buildings that are readily accessible.

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during a review of the financial statements of a nonissuer, the accountant becomes aware of a lack of adequate disclosure that is material to the financial statements. if management refuses to correct the financial statement presentation, the accountant should

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If management refuses to correct the financial statement presentation, the accountant should disclose the departure from generally accepted accounting principles in a separate paragraph of the report.

financial statements are written facts that bring the commercial enterprise sports and the financial performance of a agency. economic statements are often audited through authorities groups, accountants, corporations, and so on. to make sure accuracy and for tax, financing, or making an investment purposes.

monetary statements are formal data of the monetary sports and role of a commercial enterprise, man or woman, or other entity. applicable financial statistics is supplied in a dependent way and in a shape that is easy to recognize.

monetary statements are the information of a business enterprise's monetary circumstance and sports during a time period. financial statements display the financial overall performance and electricity of a business enterprise. The three middle financial statements are the profits assertion, stability sheet, and coins flow announcement.

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the company has decided to increase the wages of hourly workers which will increase the unit variable cost by 10%. increases in the salaries of factory supervisors and property taxes for the factory will increase fixed costs by 4%. if sales prices are held constant, the next break-even point for flying cloud co. will be

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The next break even point for Flying Cloud Co. will be increased by 640 units.

How do you calculate the break-even units?

Initial break even:

Let x be the no. of units in the initial break even.

Sales = Costs

Unit Selling price × No. of units = Unit Variable Cost × No. of units + Total fixed costs

250 × x = 100 × x + 840,000

150 × x = 840,000

x = 5600 units

10% increase in variable cost(new):

= Unit Variable Cost + 10% of Unit Variable Cost

= 100 + 100 × 0.10

= 110

4% increase in fixed cost(new):  

= Total fixed costs + 4% of Total fixed costs

= 840,000 + 840,000 * 0.04

= 873,600

Break Even:

Let y be the no. of units in the break even point.

Sales = Costs

Unit Selling price × No. of units = Unit Variable Cost new × No. of units + Total fixed costs new

250 × y = 110 × y + 873,600

140 × y = 873,600

y = 6,240

Change = y - x

Change = 6,240 - 5,600

Change = 640 increase

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jacob does not want to control his workers. he wants them to manage themselves. what kind of leader he is?

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Jacob does not want to control his workers. He wants them to manage themselves. Jacob is showing laissez-faire leadership

Laissez-faire leadership takes a hands-on approach to leadership and gives others the freedom to make decisions. Leaders continue to provide teams with the resources and tools they need to succeed, but they are largely uninvolved in day-to-day operations.

Is laissez-faire leadership good?

Like any leadership style, laissez-faire has its benefits. It promotes personal growth. Employees are given the opportunity to take action because leaders are very hands-on in their approach. This leadership style creates an environment that fosters growth and development.

What are the characteristics of a laissez-faire leader?

Laissez-faire leaders have an attitude of trust and trust toward their employees. Don't micromanage or interfere, give too much direction or guidance. Instead, laissez-faire leaders enable employees to leverage their creativity, resources, and experience to achieve their goals.

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In a(n) ______ arrangement, one partner in a JV assumes primary responsibility for running it.

assigned

shared management

delegated

public-private

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In a delegated arrangement, one partner in a Joint Venture assumes primary responsibility for running it. Therefore, the option C holds true.

A joint venture, or a JV, can be referred to or considered as a company formed out of an agreement between at least two companies for continuing business practices within the scope of the organization. A joint venture can be of different types, such as the delegated arrangement, wherein only one company is responsible for running the functions related to the newly formed organization.

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the statement of financial position of a not-for-profit health care organization should distinguish among unrestricted, temporarily restricted, and permanently restricted net assets. true false

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The given statement is true.

A non-profit organization's owners do not receive any income from it. Instead of using the money it receives for its own purposes, the group contributes it.

Their main goal is to serve a certain group of people or, more broadly, the public. They typically don't manufacture, purchase, or sell commodities, and they might not engage in credit transactions. As a result, they do not need to manage numerous books of accounts, trading, and profit & loss accounts like trading organisations do. The general fund or capital fund receives credit for the money raised by these institutions. Their primary revenue streams often include subscriptions from member contributions, profits from investments, grants-in-aid, etc.

A not-for-profit healthcare organization's statement of financial condition should differentiate between net assets that are unconstrained, temporarily restricted, and permanently restricted. Therefore, the given statement is true.

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The statement of financial position of a not-for-profit health care organization should distinguish among unrestricted, temporarily restricted, and permanently restricted net assets. The statement is true.

The proprietors of a non-profit organization do not make any money from it. The group donates the funds received rather than keeping them for personal use.

Serving a particular population or, more broadly, the public, is their major objective. Typically, they don't produce, buy, or sell commodities, and they may not even deal in credit. As a result, unlike trading organizations, they are not required to keep various books of accounts, trading, and profit & loss accounts. The money raised by these entities is credited to the general fund or capital fund. Their principal sources of income frequently include subscriptions from member fees, investment gains, grants-in-aid, etc.

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Which of the following is the best example of a supply-side market failure?

No one provides street lights in a town because, once the lights are in operation, people don't have to pay to use them.
A firm keeps its production costs down by dumping its waste in the nearby river, adversely affecting water quality for residents in the area.
Government imposes taxes on the production of a socially desirable good.
Street performers don't get full payment for the value of their output because people watch and enjoy the shows without paying the artist.

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The statement that is the best example of a supply-side market failure is: B. A firm keeps its production costs down by dumping its waste in the nearby river, adversely affecting water quality for residents in the area.

What is  supply-side market failure?

Supply-side market failure can be defined as the way in which a seller and buyer does not have equal access to market  information.

Market failure can  tend to have effect on the market for goods and services based on the fact that it can tend to lead to  inefficient distribution of product in the market.

Therefore we can conclude that the correct option is B.

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a court has ordered security enterprises to pay $250,000 in two years and $500,000 in five years. in order to meet this important liability, they wish to invest in a combination of two-year 10% par-value bonds with annual coupons and five-year zero-coupon bonds. each of these is sold to yield an annual effective yield of 4%. the two bonds are to be purchased so that the present value and duration conditions of redington immunization are satisfied at the current 4% rate. what is the face value of the two-year bond that should be purchased?

Answers

We have two reqts.

a. two-year 10% par-value bonds with annual coupons

b. five-year zero-coupon bonds

a. Lets take Current value = PV=$1000, Coupon 10%. So PMT = 10%*1000 = 100

Yield = Rate = 4%, period = nper = 2 yrs

So MaturityPrice Bond = FV(Rate,nper,PMT,-PV) = FV(4%,2,100,-1000) = $878

So for $200,000, we need $200,000/$878 = 228 bonds of FV$1000

So investment needed now is 228*$1000 = $228,000 ................(A)

b. Lets take Current value = PV=$1000, Coupon 0%. So PMT = 0

Yield = Rate = 4%, period = nper = 5 yrs

So MaturityPrice Bond = FV(Rate,nper,PMT,-PV) = FV(4%,5,0,-1000) =$1,217

So for $500,000, we need $500,000/$1,217 = 411 bonds of FV$1000

So investment needed now is 411*$1000 = $411,000 ..............(B)

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scarcity: a. exists everywhere because human wants can never be satisfied. b. is a condition measured by the quantity of goods available. c. is a problem only in industrialized economies. d. is a problem only in poor economies.

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The correct option is A. Scarcity exists everywhere because human wants can never be satisfied.

What is scarcity?

Scarcity in economics describes limited resources, or the cognition of limited resources when it is insufficient to fulfill human needs and wants. It can also mention to how companies decide what and how to produce using finite resources and how they complete a retail price for the item based on purchase demand.

The correct option is A. Scarcity exists everywhere because human wants can never be satisfied.

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each time the stock of a company trades on the exchange, the company receives additional money. group startstrue or false

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False, each time the stock of a company trades on the exchange, the company do not receive additional money.

What is company ?A legal entity is a type of company structure that is a separate legal entity from its owner. This is a complex company structure, with additional reporting requirements and invalid legal obligations making it expensive to set up and manage.A company is a legal entity formed by a group of individuals to conduct and operate a commercial or industrial business. A company can be organized in several ways for tax and financial liability purposes, depending on the corporate law of its jurisdiction.A company is a legal entity or legal entity established under the Companies Act.It may be a limited or  unlimited company, a private or  public company, a limited liability company  or  company with share capital, or a company of common interest.

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spruce pine mfg. co. has total fixed costs of $300,000 a year. the owner estimates that average variable costs for its product will be about $30 next year. the selling price to wholesalers will be $50. the break-even point is

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The product's owner anticipates that the typical variable cost will be around $30 in the upcoming year. $50 will be the sale price to merchants. 15,000 units are needed to break even.

What exactly does a firm sell?

Any exchange in which cash is traded for a product or service is a sale. The vendor tries to "sell" the buyer on the advantages of their offer during such a sales negotiation.

How crucial is marketing in the corporate world?

The development of consumer loyalty and trust in businesses is significantly influenced by sales. The key factors that influence a customer's decision to refer your business to a relative or friend or to provide a positive honest website of your goods or services include trust and loyalty.

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a data analyst has to create a monthly report for their stakeholders. what can they create to help them save time generating these reports?

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The best way for a data analyst to save time generating monthly reports for stakeholders is to create automated reports.

Automated reports are generated by software applications that take data from various sources and compile it into one comprehensive report. This report can be tailored to the specific needs of the stakeholders, such as the frequency of reports, the type of data to be included, and the format in which the data is presented.

Furthermore, automated reports can be customized to include visuals, such as charts and graphs, that help stakeholders understand the data more easily. This can save the data analyst a lot of time, as they don’t need to manually compile and analyze the data each month. Automating the report generation process ensures that the data is always up-to-date and accurate.

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which of the following would not be an issuer? a) a corporation selling certificates of interest in a mining lease b) an investment company c) a governmental agency borrowing money for short-term needs d) a partnership selling partnership interests

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The one that would not be the issuer will be "a corporation selling certificates of interest in a mining lease."

According to the Uniform Securities Act, selling certificates of interest in mining leases or other comparable assets does not qualify one as an issuer, even though the firm issuing its own stocks and/or bonds would be considered an issuer. We can presume the government entity is issuing a short-term note even if the option does not specify how it is borrowing.A company known as the "Issuer" creates, files for, and sells securities with the intention of funding its activities. Governments, businesses, and investment trusts can all be issuers. An organisation known as an issuer sells investors debt securities or equity securities. To raise money for operations or acquisitions, an issuer sells securities. Governments sometimes issue debt instruments; an issuer need not be a for-profit organisation.

Thus the correct answer is A.

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banks typically come under financial stress because of a. the money multiplier effect b. a widespread decline in the value of their assets c. diversification of loan assets d. higher interest rates

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Banks typically come under financial stress because of a widespread decline in the value of their assets.

Finance is the examination and area of money, forex and capital belongings. it's miles associated with, but no longer synonymous with economics, the observe of production, distribution, and intake of money, belongings, goods and services (the field of monetary economics bridges the two). Finance sports take vicinity in monetary systems at numerous scopes, as a consequence the sphere may be roughly divided into non-public, corporate, and public finance.  In a monetary system, assets are sold, sold, or traded as monetary gadgets, which includes currencies, loans, bonds, stocks, shares, alternatives, futures, and so on.

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banks in ruritania have a required reserve ratio of 10% . round all answers to one place after the decimal.what is the simple money multiplier?

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Banks in ruritania have a required reserve ratio of 10%

Simple money multiplier = 1/R = 1/0.10 = 10

Leakage adjusted money multiplier = 1/0.2 = 5

The reserve ratio is the portion of reservable liabilities that business banks ought to hold onto, in place of lend out or make investments. this is a requirement determined via the united states's significant financial institution, which inside the u.s. is the Federal Reserve.

The required reserve ratio may be calculated by using really dividing the quantity of cash a bank is needed to preserve in reserve with the aid of the amount of cash it has on deposit. for instance, if a bank has $10 million in deposits and $500,000 are required to be held in reserve, then the desired reserve ratio might be 1/20 or 5%.

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in order to require banks to hold more money as opposed to lending it, the federal reserve can —

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In order to require banks to hold more money as opposed to lending it, the federal reserve may expand the amount of money in circulation by reducing the reserve requirements for banks, allowing them to provide more loans. The Fed may reduce the amount of money in circulation by increasing the reserve requirements for banks, on the other hand.

What is a federal reserve?

Generally, The United States of America's central banking system is called the Federal Reserve System. With the passage of the Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized management of the monetary system to prevent financial crises after a string of financial panics.

The federal reserve may increase the quantity of money in circulation by lowering the reserve requirements for banks, enabling them to provide more loans, in order to force them to keep more money as opposed to lending it.

On the other side, the Fed may decrease the quantity of money in circulation by raising the reserve requirements for banks.

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a recent study of north american and european corporations indicated that the need to was considered the most important external issue affecting their marketing strategies? group of answer choices

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A recent study of North American and European corporations indicated that the need to stay cost competitive was considered the most important external issue affecting their marketing strategies.

A organisation is an agency—usually a group of people or a employer—legal by way of the nation to behave as a unmarried entity (a legal entity recognized by way of personal and public regulation "born out of statute"; a prison person in felony context) and recognized as such in law for positive functions.[1]: 10  Early included entities had been installed by constitution (i.e. with the aid of an ad hoc act granted by means of a monarch or passed through a parliament or legislature). most jurisdictions now allow the creation of latest agencies through registration. corporations come in many differing types but are usually divided with the aid of the law of the jurisdiction wherein they may be chartered based totally on two elements: via whether or not they are able to difficulty stock, or by way of whether they're fashioned to make a earnings.

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the herfindahl-hirschman index (hhi) is the sum of the squared market shares of the four largest firms in an industry. true false

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"The Herfindahl-Hirschman index (HHI) is the sum of the squared market shares of the four largest firms in an industry." The above statement is false.

What is Herfindahl-Hirschman index?

In order to assess market competition before and after merger and acquisition (M&A) deals, the Herfindahl-Hirschman Index (HHI), a popular indicator of market concentration, is frequently utilized.

The index assesses the degree of competition and the size of the company in relation to the size of the industry. The market share of each company engaged in the market competition is squared before the resulting figures are added to determine the Herfindahl-Hirschman index. It might be anything between 0 to 10,000, with lower numbers indicating a less crowded market. The Herfindahl-Hirschman index is a widely used indicator of market competition. It is computed by squaring each company's market share in a market, then adding the resulting figures.

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f the expected rate of return on the market portfolio is 15% and t-bills yield 4%, what must be the beta of a stock that investors expect to return 12%? (round your answer to 4 decimal places.)

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The stock's systematic risk level is measured by its beta. The stock's return above the risk-free rate can be divided by the market risk premium to determine the beta.

How is expected return affected by beta?

A stock's volatility in terms of returns in comparison to the market as a whole is measured by its beta (). It is a crucial component of the Capital Asset Pricing Model (CAPM) and is utilized as a risk measurement. A company with a higher beta faces both higher expected returns and greater risk.

Beta of a stock is 0.70 because Required Return = Risk Free Rate + Beta * (Market Return - Risk Free Rate) 12 percent = 5% + Beta * (15 percent - 5%) Beta * (10 percent) = 7% Beta = 7% / 10% = 0.70.

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suppose the cost to run the ferry for each roundtrip is $1,000. how many ferry trips should there be to maximize the total surplus of the four business owners? a. 4 b. 1 c. 3 d. 2

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Suppose the cost to run the ferry for each roundtrip is $1,000. how many ferry trips should there be to maximize the total surplus of the four business owners :1

An enterprise is an organization or enterprising entity engaged in business, industrial, or professional activities. agencies can be for-income entities or non-earnings agencies. enterprise sorts range from restricted legal responsibility corporations to sole proprietorships, businesses, and partnerships. historically, enterprise in reality supposed to change or exchange for things human beings wanted or wanted. nowadays it has a greater technical definition. One definition of enterprise is the production, distribution, and sale of. goods and offerings for a profit.

A business can earn a profit for the products and services it gives. The phrase enterprise comes from the word busy and the method of doing things. it really works on an ordinary basis. The cause of a commercial enterprise is to provide value (via products and/or offerings) to customers, who pay for the fee with cash or equivalents. Minimally, the money acquired must fund the fees of working the commercial enterprise as well as provide for the existence desires of the owner.

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the history of the textile industry raises important questions for economic policy. true false

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The history of the textile industry raises important questions for economic policy. its  true .

The methods for determining tax rates, government spending, the money supply, and interest rates, as well as the labor market, national ownership, and many other areas of government interventions in the economy, are all included in the concept of the economy of governments. The majority of economic policy elements fall into one of two categories: monetary policy, which deals with central bank activities related to the money supply and interest rates, or fiscal policy, which deals with government actions related to taxation and spending. International organizations like the International Monetary Fund and the World Bank, as well as political ideologies and the ensuing party policies, frequently have an impact on such policies.

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the additional output a firm gets from hiring an additional unit of labor is the select one: a. value of the marginal product of labor. b. total product of labor. c. marginal product of labor. d. average product of labor.

Answers

Marginal product of labour is defined as output generated by adding 1 extra additional unit of labour. It is expressed as the ratio of change in total product to the change in total labour. Average product of labor is defined as the ratio of total product of labour to the number of labors.

So option C is the correct.

What is Marginal product of labour?

The change in output brought on by adding a new unit of labor is known as the marginal product of labor (MPL).It is a feature of the production function and is dependent on the current levels of physical capital and labor. The marginal product of a production factor is typically defined as the change in output produced by a unit or infinitesimal change in the quantity of that factor, while maintaining all other input consumption in the production process constant.

Costs of production are directly correlated with the marginal product of labor. Fixed and variable costs are separated in costs. The marginal product of labor is defined as the change in output (Y) per unit change in labor (L).

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Outline the five-step sequence in a decision process, in the correct order. Process Step 1 Step 2 Step 3 Step 4 Step 5 Shop Hire or fire employees as necessary Identify the problem and uncertainties Implement the decision, evaluate performance, and learn Make decisions by choosing among alternatives Make predictions about the future Obtain information Perform a physical inventory count Review the organization chart Choose from any drop-down list and then continue to the next question
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Answer:

The formatting is difficult to interpret, but the explanation contains a good sequence for solving the mystery problem.  Resoponses not used are listed at the end.

Explanation:

Step 1   Identify the problem and uncertainties

Step 2   Obtain information

Step 3   Make predictions about the future

Step 4   Make decisions by choosing among alternatives

Step 5   Implement the decision, evaluate performance, and learn

Not used

Hire or fire employees as necessary

Perform a physical inventory count

Review the organization chart

Shop

Choose from any drop-down list and then continue to the next question

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