the service realm is deeply focused on the making of something, while the production realm is centered more on the people who want to enjoy it.. true or false

The default risk premium on the 10-year corporate bond is 4.95%. This is the additional yield that investors require for taking on the risk of default by the issuer of the bond.

The default risk premium on a corporate bond is the additional yield investors require for taking on the risk of default by the issuer of the bond. To calculate the default risk premium on the 10-year corporate bond with a yield of 9.25%, we need to first deduct the liquidity premium of 0.30% from the yield to get the base yield without liquidity premium. 9.25% - 0.30% = 8.95%. Next, we compare the base yield of 8.95% with the yield of the 10-year treasury bond which is considered to be a risk-free investment. The yield on the treasury bond is 4.00%. Therefore, the default risk premium on the corporate bond is: Default risk premium = Corporate bond yield - Treasury bond yield, Default risk premium = 8.95% - 4.00%. Default risk premium = 4.95%. Therefore, the default risk premium on the 10-year corporate bond is 4.95%. This is the additional yield that investors require for taking on the risk of default by the issuer of the bond. It is important to note that the default risk premium can vary based on the creditworthiness of the issuer, economic conditions, and other factors.

Learn more about corporate bond here :

https://brainly.com/question/14531325?

#SPJ11

The amount of stock that a corporation is allowed to issue is determined by the corporation's charter and is referred to as the authorized stock.

This number can be changed through a formal amendment to the charter, but it sets a limit on the total number of shares that can be issued by the corporation. The authorized stock includes both issued and unissued shares, meaning that not all of the authorized stock may have been issued yet. Issued stock refers to the shares that have already been sold or allocated to shareholders, while unissued stock refers to shares that have not yet been sold or allocated. Overall, the authorized stock is an important factor in determining the financial capacity of a corporation and its ability to raise capital through the sale of shares.

To learn more about corporation visit;

https://brainly.com/question/3131349

#SPJ11

D) PPP assumes perfect competition and market efficiency is a reason for the failure of PPP (Purchasing Power Parity) to predict exchange rates accurately.

PPP is a theory that suggests that in the long run, exchange rates between two countries should equalize based on the relative purchasing power of their currencies.

However, this theory has been found to have limitations, as it assumes perfect competition and market efficiency, which is rarely the case in the real world. In reality, there are many factors that can influence exchange rates, such as inflation rates, interest rates, political events, and market sentiment, to name a few.

Inflation rates vary across countries, which means that the relative purchasing power of currencies can change over time, making it difficult to accurately predict exchange rates using PPP. Interest rates are also unpredictable, as they are influenced by a range of economic and political factors that can change rapidly.

Furthermore, exchange rates are influenced by political factors, such as trade policies, government interventions in currency markets, and geopolitical events, which can be difficult to predict using economic models like PPP.

In conclusion, while PPP can be a useful tool for understanding long-term trends in exchange rates, it has limitations and cannot accurately predict short-term fluctuations or sudden changes in the market.

Learn more about PPP here:

https://brainly.com/question/14218433

#SPJ11

If individuals can credibly cooperate and split the gains, the most likely payoff would be 5, 5. This is because when individuals cooperate, they work together towards a common goal and are more likely to achieve a mutually beneficial outcome.

By splitting the gains equally, both parties feel satisfied with the outcome and are more likely to trust each other in future interactions. The other payoffs in the scenario (2, 1), (1, 50), and (1, 1) all involve one party receiving a significantly larger payoff than the other. This could lead to feelings of resentment and mistrust between the individuals, which could ultimately harm any potential future cooperation. Therefore, in order to ensure continued cooperation and gains for both parties, it is important for individuals to credibly cooperate and split the gains equally. This not only ensures a fair outcome for all parties involved but also helps build trust and cooperation for future interactions.

Learn more about gains here:

https://brainly.com/question/30090436

#SPJ11

The equilibrium price (P) and quantity (Q - in thousands) of pendants: P = $15; Q = 20 thousand. The correct option is D.

In order to determine the equilibrium price (P) and quantity (Q - in thousands) of silver pendants, we need to set the demand equation (QD) equal to the supply equation (QS). The given equations are QD = 50 - 2P and QS = -10 + 2P.

To find the equilibrium, set QD equal to QS:
50 - 2P = -10 + 2P

Now, solve for P:
50 + 10 = 2P + 2P
60 = 4P
P = 15

So, the equilibrium price is $15. Now, we need to find the equilibrium quantity by plugging the value of P back into either the demand or supply equation. We will use the demand equation:

QD = 50 - 2P
QD = 50 - 2(15)
QD = 50 - 30
QD = 20

Therefore, the equilibrium quantity is 20 thousand pendants: P = $15; Q = 20 thousand. So, the correct answer is D.

To know more about equilibrium, refer here:

https://brainly.com/question/13984729#

#SPJ11

Complete question:

The following equations represent the demand and supply for silver pendants.

QD = 50 - 2P

QS = -10 + 2P

What is the equilibrium price (P) and quantity (Q - in thousands) of pendants?

A. P = $20; Q = 15 thousand

B. P = $10; Q = 30 thousand

C. P = $50; Q = 10 thousand

D. P = $15; Q = 20 thousand

The statement which is not an accurate description of the market for digital cameras is: there are about 50,000 retailers worldwide, most of which are local shops, is not an accurate description of the market for digital cameras. Option e. is the answer.

The market for digital cameras is highly competitive, with many different brands and models available at various price points. Retailers typically stock several brands of digital cameras, and shoppers for multi-featured cameras are often more price sensitive than buyers of entry-level cameras.

Local camera shops, online retailers, and multi-store retail chains all play a significant role in the sale of digital cameras.

However, option e is not an accurate description of the market for digital cameras. While there are many retailers worldwide that sell digital cameras, the number of retailers is likely to be much higher than 50,000, and not all of them are local shops.  Thus, option e. is the right answer.

To know more about retailers, refer here:
https://brainly.com/question/31402865#
#SPJ11

The statement "the prior experience method to make time and cost estimates works best for large projects" is not entirely accurate.

The prior experience method, which involves using historical data from similar projects to estimate the time and cost of a new project, can be useful for projects of any size. However, it is particularly useful for projects that have a similar scope, size, and complexity to previous projects that the organization has completed.

In general, larger projects tend to have more complex requirements, more stakeholders, and more potential risks, which can make estimating time and cost more challenging. However, the prior experience method can still be effective for large projects if the organization has completed similar projects in the past.

It is worth noting that the prior experience method should be used in conjunction with other estimation techniques, such as expert judgment, parametric estimation, and bottom-up estimation. No single estimation method is foolproof, and using a combination of methods can help to improve the accuracy of time and cost estimates.

Learn more about prior experience here:

https://brainly.com/question/14586792

#SPJ11

The desire of resource producers and suppliers to advance their own self-interest will inevitably further the public interest is the best way to describe the invisible-hand concept. Here option A is the correct answer.

This concept was popularized by the economist Adam Smith in his book "The Wealth of Nations." According to the invisible-hand concept, when individuals and firms act in their own self-interest in a competitive market, they will naturally respond to the signals of supply and demand, leading to efficient resource allocation and the maximization of overall economic welfare.

This occurs without any central direction or intervention by the government. Option (b) suggests that private and public interests are inherently in conflict due to the non-substitutability of resources, but this conflicts with the invisible-hand concept.

Option (c) is related to the concept of market efficiency, which is an outcome of the invisible-hand process. Option (d) suggests that central direction by the government is necessary, which is not consistent with the invisible-hand concept.

To learn more about Adam Smith

https://brainly.com/question/21764310

#SPJ4

The two primary advantages of a 15-year mortgage over a 30-year mortgage are lower total interest charges and faster equity buildup.

Because a 15-year mortgage has a shorter term than a 30-year mortgage, the total interest charges over the life of the loan are significantly lower. This can save the borrower tens of thousands of dollars in interest payments over the life of the loan. Additionally, because the loan is paid off in a shorter amount of time, the borrower builds equity in the property more quickly.

However, the shorter term of a 15-year mortgage means that the monthly payments are higher than they would be for a 30-year mortgage. This can make it more difficult for some borrowers to qualify for the loan or to afford the monthly payments.

Overall, the decision of whether to choose a 15-year or 30-year mortgage depends on a variety of factors, including the borrower's financial situation, long-term goals, and tolerance for risk.

To learn more about mortgage, click here:

https://brainly.com/question/31147395

#SPJ11

Physical characteristics of land include its immobility, indestructibility, and permanence.

Land is a fixed asset and it cannot be moved from one place to another. Its immobility makes it a long-term investment as it will remain in the same location. The indestructibility of land means that it cannot be destroyed. The physical structure of land may change, but the land itself will still exist. Land is also permanent, meaning that it is not a short-term investment. Its value will remain constant over time, making it a valuable asset for individuals and businesses. Land is a finite resource, and its physical characteristics make it a valuable commodity. These characteristics are important to consider when investing in land and understanding its value in the market.

To know more about immobility visit:

https://brainly.com/question/1528441

#SPJ11

Self-employed taxpayers can deduct 50% of their self-employment tax for AGI (Adjusted Gross Income). Self-employment tax refers to the Social Security and Medicare taxes that self-employed individuals are required to pay.

Unlike employees who have these taxes withheld from their paychecks, self-employed individuals are responsible for paying both the employer and employee portions of these taxes.

Self-employment tax is calculated based on a percentage of the taxpayer's net self-employment income, which is generally their gross income from self-employment minus any allowable deductions. The self-employment tax rate is currently 15.3%, with 12.4% going towards Social Security and 2.9% going towards Medicare.

To help offset the burden of self-employment tax, self-employed taxpayers can deduct 50% of their self-employment tax for AGI. This means that the deduction is taken before calculating the taxpayer's AGI, which can reduce their taxable income and potentially lower their overall tax liability.

It's important to note that the deduction for self-employment tax is separate from the deduction for standard or itemized deductions. Self-employed taxpayers may still be eligible to take these deductions in addition to the deduction for self-employment tax.

Learn more about liability here:

https://brainly.com/question/18484315

#SPJ11

The correct answer is: All of the following actions result in equity capital EXCEPT issuing bonds. Therefore, out of these actions, only issuing bonds does not result in equity capital.

Here's a step-by-step explanation:

1. Issuing bonds: This action does not result in equity capital because it involves raising debt capital instead. When a company issues bonds, they are borrowing money from investors and agreeing to pay it back with interest. This increases the company's liabilities, not its equity.

2. Liquidating assets: When a company liquidates assets, it sells them to generate cash. This cash can then be used to pay off liabilities or to increase equity by distributing it among the shareholders.

3. Issuing stock: Issuing stock increases equity capital because it involves raising capital from investors in exchange for ownership shares in the company. When a company issues new shares, its equity increases as it gains more owners with claims on its assets and earnings.

4. Reinvesting earnings: Reinvesting earnings also increases equity capital because it involves using the company's profits to grow and improve its business, rather than distributing those profits to shareholders. As the company invests its earnings back into the business, its assets and equity increase.

Know more about equity capital  here:

https://brainly.com/question/1957305

#SPJ11

The characteristic of the new information age economy that did NOT prove to be true is an end to the boom-and-bust capitalist business cycle. The answer is d.

The new information age economy is characterized by instant global communications, high-tech computer and media businesses, and the decline of traditional occupations mediating between products and clients. These changes have led to an increased reliance on technology and a shift away from traditional brick-and-mortar businesses.

However, despite the growth and stability of the information age economy, it has not led to an end of the boom-and-bust capitalist business cycle. The economy is still subject to fluctuations and crises, as seen in the dot-com bubble burst of the early 2000s and the financial crisis of 2008.

Despite this, the information age economy continues to grow and evolve, with new technologies and industries emerging regularly. Hence, d. is the correct option.

To know more about business cycle, refer here:
https://brainly.com/question/30167425#
#SPJ11

False. An action query can only modify one record in a table at a time.

An action query can modify multiple records in a table at a time. Action queries are a type of query in database management systems that perform specific actions on the data in a table, such as adding, deleting, or updating records. Depending on the criteria used in the query, it can modify one record, a subset of records, or all records in the table. The number of records modified depends on the specific query design and the criteria used to select the records to be modified. For example, an update query that changes the value of a specific field for all records that meet a certain condition will modify multiple records at once.

Know more about action query here:

https://brainly.com/question/30187564

#SPJ11

CEM in services marketing stands for Customer Experience Management. It is a business strategy that focuses on providing a positive and memorable experience to customers throughout their interactions with a company.

CEM involves designing and managing the customer journey, from the initial contact with the company to post-purchase follow-up. The goal of CEM is to create a competitive advantage by differentiating a company from its competitors through superior customer service and experience. This involves understanding customer needs and preferences, delivering personalized experiences, and using customer feedback to continually improve the customer experience.

To learn more about Customer click on the link below:

brainly.com/question/31597757

#SPJ11

Because the united states imports more goods than it exports, it operates under a) trade deficit.


A trade deficit occurs when a country's imports exceed its exports in value. In the case of the United States, it means that the country is buying more goods and services from other countries than it is selling to them. The opposite of a trade deficit is a trade surplus, which occurs when a country exports more than it imports. A trade deficit can have both positive and negative effects on an economy, depending on various factors such as the competitiveness of its industries, the strength of its currency, and the level of domestic demand. In general, a trade deficit may lead to a lower value of the country's currency, which can make its exports more attractive and improve its trade balance over time. However, a persistent trade deficit may also lead to a buildup of debt and reduce the country's overall economic growth potential.

Learn more about trade deficit here:

https://brainly.com/question/25313034

#SPJ11

Controllable costs with flexible budget data as this provides the most accurate comparison of the cost center manager's performance as it focuses on the costs that can be directly controlled and adjusts for changes in activity levels. The correct answer is: b

When comparing actual performance with the budget data, it is important to consider the type of budget being used. Cost centers are usually monitored through performance reports that compare actual costs with either a static or a flexible budget.

A static budget is a fixed budget that does not change based on actual performance. It is often used when the level of activity is expected to remain constant. When using a static budget to compare actual costs, the total costs are compared with the budgeted costs, regardless of any changes in activity levels. Therefore, the performance reports for cost centers that compare actual costs with static budget data usually compare the total costs with the budgeted costs.

On the other hand, a flexible budget is a budget that adjusts for changes in activity levels. It is often used when the level of activity is expected to vary. When using a flexible budget to compare actual costs, the total costs are compared with the budgeted costs that are adjusted for the level of activity achieved.

Therefore, the performance reports for cost centers that compare actual costs with flexible budget data usually compare the total costs with the budgeted costs that are adjusted for activity levels.

Controllable costs refer to costs that can be directly controlled by the manager of a cost center. When comparing actual performance with the budget data, it is important to focus on controllable costs as they are under the direct control of the cost center manager.

Therefore, the performance reports for cost centers that compare controllable costs with either static or flexible budget data usually compare the controllable costs with the budgeted costs, regardless of any changes in activity levels.
In conclusion The correct answer is: b

For more such questions on budget data visit:

https://brainly.com/question/28300560

#SPJ11

If the lease in a sale-leaseback is written for 30 years or longer, the irs tends to consider the transaction a(n) "long-term lease"

.

This is because the longer the lease term, the more the transaction looks like a loan with interest payments rather than a sale of the property.

his can have significant tax implications for both the seller and the buyer, as it can affect how the transaction is treated for tax purposes. For example, if the transaction is deemed a financing agreement, the seller may not be able to recognize the full gain on the sale upfront and instead may have to recognize it over time as rent payments are received. Similarly, the buyer may not be able to fully deduct the lease payments as rent expenses if the transaction is deemed a financing agreement.

Learn more about sale-leaseback

https://brainly.com/question/30357390

#SPJ4

Xerox, Kodak, Sony, and Dell are all examples of brand names that are well-known worldwide. A well-established brand name can lead to increased sales and revenue for a company.

These companies have built their reputation and brand image over the years through innovation, quality products, and excellent customer service. Each of these companies has a unique brand identity that sets them apart from their competitors. Xerox, for example, is known for its photocopiers and printers, while Kodak is synonymous with cameras and photography. Sony, on the other hand, is a leading electronics company that produces a range of products, from TVs and gaming consoles to smartphones and audio equipment. Dell is a popular computer manufacturer that offers a variety of laptops, desktops, and other computer-related products. Building a strong brand name is crucial for any business. It helps to establish trust and credibility with customers and can lead to increased brand loyalty. A strong brand also helps to differentiate a company from its competitors and can create a sense of brand recognition in the minds of consumers. Ultimately, a well-established brand name can lead to increased sales and revenue for a company.

Learn more about revenue here

https://brainly.com/question/16232387

#SPJ11

(a) To journalize the adjusting entry for uncollectible accounts using the direct write-off method, we need to debit Bad Debt Expense for $750 and credit Accounts Receivable for $750.

The journal entry will be:
Dec 31  Bad Debt Expense     $750
           Accounts Receivable   $750

(b) To journalize the adjusting entry for uncollectible accounts using the allowance method, we need to calculate the amount of the allowance for doubtful accounts first. The calculation is 9% of the accounts receivable balance of $73,000, which is $6,570. We need to credit Allowance for Doubtful Accounts for $5,320 (the difference between the current credit balance of $1,250 and the required balance of $6,570) and debit Bad Debt Expense for $5,320. The journal entry will be:

Dec 31  Bad Debt Expense           $5,320
           Allowance for Doubtful Accounts  $5,320

(c) To journalize the adjusting entry for uncollectible accounts using the allowance method with a debit balance in the allowance account, we need to first write off the debit balance of $400 by debiting Allowance for Doubtful Accounts for $400 and crediting Bad Debt Expense for $400. Then, we need to calculate the amount of the allowance for doubtful accounts. The calculation is 7% of the accounts receivable balance of $73,000, which is $5,110. We need to credit Allowance for Doubtful Accounts for $4,710 (the difference between the required balance of $5,110 and the debit balance of $400) and debit Bad Debt Expense for $4,710. The journal entry will be:

Dec 31  Allowance for Doubtful Accounts  $400
           Bad Debt Expense                           $400

Dec 31  Bad Debt Expense           $4,710
           Allowance for Doubtful Accounts  $4,710

To learn more about adjusting entry, visit:

https://brainly.com/question/28498528

#SPJ11

The excess of income from operations over a minimum acceptable income from operations is often referred to as "operating profit" or "operating income." Operating profit is a key metric used by businesses to measure their financial performance and to evaluate their ability to generate profits from their day-to-day operations.

To calculate operating profit, businesses typically subtract their operating expenses from their gross profit. Operating expenses include costs such as salaries, rent, utilities, and marketing expenses. Gross profit, on the other hand, is the revenue generated by a business minus the cost of goods sold. In order to determine what constitutes a minimum acceptable income from operations, businesses typically consider a variety of factors, including their industry, their competition, and their current financial position. For example, a business that is just starting out may have a lower minimum acceptable income from operations than a more established business with a strong track record of success.
Ultimately, the goal of any business is to generate as much profit as possible from its operations. By keeping a close eye on operating profit and setting clear minimum acceptable income targets, businesses can better manage their finances and make informed decisions about how to allocate resources and grow their operations over time.

Learn more about record of success here:

https://brainly.com/question/12587455

#SPJ11

It is important to consider compound frequency when calculating future value of an annuity, as it has a significant impact on final amount. The higher compound frequency, the higher future value will be, making it an important factor to consider when making investment decisions.

Compounding interest refers to the process of earning interest on both the principal amount and the accumulated interest earned over time. For example, if an annuity is compounded monthly, interest will be earned on the principal and the accumulated interest every month. On the other hand, if the annuity is compounded annually, interest will only be earned once a year on the principal and accumulated interest.

Therefore, the higher the compound frequency, the more frequently interest is being earned on the principal and accumulated interest, resulting in a higher future value of the annuity. This is beneficial for individuals looking to invest and save money for the future, as the higher the future value, the greater the return on their investment.

The correct answer is that when computing the future value of an annuity, the higher the compound frequency, the higher the future value will be. This is because compounding interest more frequently results in the accumulation of more interest on the principal amount.

Know more about future value here:

https://brainly.com/question/30787954

#SPJ11

When managing a process to meet demand, all of the options provided are essential to consider. E. All of the above.

Strategy is important because it helps to define the overall goals and objectives of the process and provides direction for decision-making. It is essential to ensure that the process is aligned with the organization's overall strategy and objectives.

Demand forecasts are critical to understand the expected volume of demand over a given period. Accurate demand forecasting allows the process to be tailored to meet the expected demand, reducing the risk of under or overproduction.

Capacity refers to the maximum output of a process over a given period. It is important to ensure that the process has sufficient capacity to meet the expected demand. If demand exceeds capacity, the process may experience bottlenecks and delays, resulting in long lead times, increased costs, and dissatisfied customers.

Random variability refers to the natural variability that occurs within a process. It is important to understand this variability and its potential impact on the process's output. This allows the process to be designed to minimize variability and ensure consistent quality.

In summary, when managing a process to meet demand, it is essential to consider strategy, demand forecasts, capacity, and random variability. By taking these factors into account, organizations can design processes that are efficient, effective, and capable of meeting customer demand.

Learn more about demand here:

https://brainly.com/question/29703449

#SPJ11

In 2005, Omnicom Group's Ketchum PR agency received unwanted attention due to their involvement in a controversial campaign to promote the Bush administration's Medicare prescription drug plan.

The campaign included the distribution of pre-packaged news stories that did not disclose their government origin, leading to accusations of unethical and deceptive practices.

This situation raised ethical concerns about undisclosed paid promotions in the media, and Ketchum faced criticism for not being transparent about the financial arrangement with Williams.

Therefore, In 2005, Omnicom Group's Ketchum PR agency received unwanted attention due to their involvement in a controversial campaign to promote the Bush administration's Medicare prescription drug plan.

to learn more about agency click here:

brainly.com/question/29553019

#SPJ11

The term given to the person who has entered into a listing agreement with a seller is a listing agent.

A listing agent is a real estate agent or broker who has been hired by a property owner (seller) to help them sell their property. The listing agreement outlines the terms and conditions of the relationship between the seller and the listing agent, including the agent's commission, the asking price of the property, and the duration of the agreement. The listing agent's main responsibility is to market the property to potential buyers and to represent the seller in negotiations with interested parties.In contrast, a buyer's agent represents the buyer in a real estate transaction and helps them find and purchase a property that meets their needs and budget. An agent-at-large is not a commonly used term in real estate and does not have a specific meaning in this context. A customer is a person who is interested in buying or selling real estate but has not yet entered into a formal agreement with an agent or broker.

To learn more about seller click the link below:

brainly.com/question/29454913

#SPJ11

The business-facing processes are the processes that are internal to the organization and are concerned with managing and optimizing the organization's resources and operations.

Based on this definition, the following options represent business-facing processes:

1. Strategic planning: Strategic planning is a process that involves setting long-term goals and objectives for the organization and developing a plan of action to achieve those goals. It is a business-facing process as it is focused on the internal operations and resources of the organization.

2. Purchasing raw materials: Purchasing raw materials involves acquiring the resources and inputs necessary for the production process. It is also a business-facing process as it is focused on managing the organization's resources.

3. Tactical planning: Tactical planning is a process that involves developing short-term plans to achieve the organization's strategic goals. It is a business-facing process as it is focused on managing the organization's operations and resources.

The following options are not considered business-facing processes:

In summary, strategic planning, purchasing raw materials, and tactical planning are business-facing processes, while loan processing, order processing, and customer billing are customer-facing processes.

To know more about business-facing processes, please click on:

https://brainly.com/question/28347678

#SPJ11

The decision about how much money to hold can be best understood through the cost-benefit principle.

The cost-benefit principle is an economic concept that compares the costs and benefits of a decision to determine the most advantageous choice. In the context of deciding how much money to hold, an individual or a firm needs to weigh the benefits of holding cash against the costs associated with it. Benefits of holding cash include liquidity, convenience, and a reduced risk of non-payment. On the other hand, costs may involve forgone interest on savings, investment opportunities, and the risk of inflation eroding the value of money over time. To make an informed decision, one should consider these factors and find a balance that maximizes the benefits while minimizing the costs. This approach allows for the efficient allocation of scarce resources, as dictated by the cost-benefit principle.

To learn more about decision, visit:

https://brainly.com/question/28544462

#SPJ11

The correct answer is d. 650,000. As of 2013, there were approximately 650,000 Texans who were either incarcerated, on parole, or on probation.

This is a significant number and represents a substantial portion of the state's population. It is important to note that this number has likely fluctuated over the years, and it is possible that it has increased or decreased since 2013. Additionally, there are many factors that contribute to the high number of Texans who are in the criminal justice system, including social and . Addressing these underlying issues is crucial to reducing the number of people who are incarcerated or on probation in Texas.

Learn more about criminal justice system here:

https://brainly.com/question/28913925

#SPJ11

If Toni has an absolute advantage in both sewing and ironing when compared to Tom, then Toni should specialize in the task where she has the greatest absolute advantage.

This means that Toni can produce more output per unit of time or using fewer resources than Tom can in both sewing and ironing.

In this case, it is not clear which task Toni has the greatest absolute advantage in, so it is not possible to determine whether she should specialize in sewing or ironing. However, it is clear that Tom does not have an absolute advantage in either task. Therefore, it would make sense for Tom to specialize in the task where he has a comparative advantage (i.e., the task in which his opportunity cost is lowest), while Toni specializes in the task where she has a comparative advantage.

The answer that best reflects this reasoning is option a) Toni should specialize in sewing and Tom should specialize in ironing. This will allow each of them to produce more efficiently and effectively, resulting in higher total output.

learn more about comparative  here :

https://brainly.com/question/981402

#SPJ11

According to the segment, selling price was NOT an issue in taking over a business.

Market share, discretion, and financing were all mentioned as potential issues to consider when taking over a business. Market share refers to the percentage of total sales in a particular market that a business controls. Discretion refers to the ability to make decisions without permission from a higher authority. Financing refers to the means of obtaining the necessary funds to purchase the business. However, selling price was not mentioned as an issue in taking over a business.

To know more about financing, visit:

brainly.com/question/29493385

#SPJ11