The purpose of making a business case for an information system is to justify the investment in the system and to demonstrate how it will provide value to the organization.
A business case is a document that outlines the potential benefits, costs, and risks associated with an information system project. It presents a rationale for why the investment in the system is necessary and how it aligns with the strategic objectives of the organization.
The business case for an information system typically includes a description of the current state of the organization's processes and systems, the proposed system's objectives, and the expected benefits and costs associated with the implementation. It also includes an assessment of the risks and potential challenges involved in implementing the system.
Creating a business case helps organizations evaluate the feasibility and viability of investing in an information system. It helps decision-makers weigh the costs and benefits of the investment and determine whether it aligns with the organization's strategic objectives.
By creating a business case, organizations can make informed decisions about whether to proceed with an information system project and how to allocate resources to ensure its successful implementation.
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After the insurrection at the Capitol on January 6, 2021, Bed Bath & Beyond stopped selling My Pillow products and informed the My Pillow CEO that it was canceling its contract with the company. The CEO had been active in Trump’s campaign to overturn the election results and told the insurrectionists to "fight like hell." My Pillow sues Bed Bath & Beyond.
What tort claim should My Pillow bring against Bed Bath & Beyond?
Who is most likely to win the tort claim: My Pillow or Bed Bath & Beyond? What will be the easiest element for My Pillow to prove? The most difficult? Explain your reasoning.
What contract claim should My Pillow bring against Bed Bath & Beyond?\
Who is most likely to win the contract claim: My Pillow or Bed Bath & Beyond? What will be the easiest element for My Pillow to prove? The most difficult? Explain your reasoning.
My Pillow could bring a tort claim of defamation or intentional interference with contractual relations against Bed Bath & Beyond.
My Pillow may have difficulty proving damages caused by Bed Bath & Beyond's decision to stop selling their products. Bed Bath & Beyond could argue that their decision was based on business reasons rather than political beliefs.
For a contract claim, My Pillow could argue that Bed Bath & Beyond breached their contract by canceling it without proper justification. My Pillow may have difficulty proving that the cancellation was unjustified or not within the terms of the contract.
It is difficult to predict who would win either claim without more information about the specific circumstances and evidence.
However, My Pillow would likely have an easier time proving the elements of a tort claim than a contract claim, as tort claims typically rely on proving intentional actions and damages, whereas contract claims rely on proving breach of a specific agreement.
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the studebaker dealership in haslett is considering building a new showroom. the owner’s grandfather bought vacant land in the city 85 years ago for $150,000 on which the new dealership could be built. however, 7-eleven has made the owner an offer to buy the land for $300,000 if he decides not to build a dealership on the site. it would cost $750,000 to build the dealership. what would the initial investment be for purposes of calculating whether or not to build the dealership?
The initial investment for purposes of calculating whether or not to build the dealership would be the cost to build the dealership, which is $750,000.
The fact that the owner's grandfather bought the land 85 years ago for $150,000 and that 7-Eleven has made an offer to buy the land for $300,000 are not relevant to the initial investment in building the dealership.
To determine whether or not to build the dealership, the owner would need to consider the expected return on investment (ROI) from operating the dealership compared to the ROI from selling the land to 7-Eleven. This would involve analyzing factors such as projected revenue and expenses from operating the dealership, the cost of financing the construction of the dealership, and the potential appreciation or depreciation of the land if the owner were to sell it to 7-Eleven.
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what type of interview asks job candidates to provide an example of a time they did something to try to understand how they would act in the new organization when faced with an analogous situation?
The type of interview that asks job candidates to provide an example of a time they did something to understand how they would act in the new organization when faced with an analogous situation is called a behavioral interview.
Here are some points to explain the behavioral interview further:
Behavioral interviews are based on the premise that past behavior is the best predictor of future behavior, and the candidate's response to the question gives insights into their thought process, decision-making, and problem-solving skills.The interviewer uses open-ended questions to elicit a detailed response from the candidate and then follows up with probing questions to gather more information about the candidate's actions, results, and reflection on the experience.Behavioral interviews are structured, and the interviewer uses a predetermined set of questions to ensure that all candidates are evaluated fairly and objectively. The interviewer then rates the candidate's response based on a standardized set of criteria.In a behavioral interview, the interviewer asks the candidate to describe specific situations or experiences they have had in the past, usually related to the job requirements, and how they handled them. This type of interview aims to assess a candidate's skills, abilities, and past behavior to predict their future performance in the job.
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Marks Indicate the impact of the following factors on the labour market. Indicate the effect on the equilibrium wage. Article Summary 1/ Unlike in many nations, when the financial crisis hit in 2008 the Polish economy continued to grow, but due to a current slow down in exports and domestic demand, Poland is expecting a large outflow of workers. Unemployment was expected to grow to 14 percent in Poland in 2013, and according to Krystyna Iglicka, a demographer at Lazarski University in Warsaw,...Poles have always treated emigration as a way of improving their lot." Despite earning relatively low salaries in Wester European countries, on average just over €2,000 (about $2,660) a month according to the National Bank of Poland, this is still four times more than workers would eam on average by staying in Poland. Iglicka predicts that between 500,000 and 800,000 Poles will emigrate from Poland over the next five years Source: Censkt Poland braces for fresh xodus of workers, Washington Post Pg.
The impact of the 2008 financial crisis on the Polish labour market and its effect on the equilibrium wage can be analyzed by considering factors such as economic growth, unemployment rate, and emigration.
Despite the financial crisis, Poland's economy continued to grow, but due to a slowdown in exports and domestic demand, it experienced a large outflow of workers. Unemployment was expected to reach 14% in 2013.
Emigration has been a common strategy for Poles to improve their financial situation, as they can earn relatively low salaries in Western European countries, averaging €2,000 (about $2,660) per month, which is four times more than staying in Poland.
According to Krystyna Iglicka, a demographer at Lazarski University in Warsaw, between 500,000 and 800,000 Poles were predicted to emigrate from Poland over the next five years.
This large-scale emigration impacts the labour market by decreasing the supply of workers in Poland, which in turn can lead to an increase in the equilibrium wage as the demand for workers exceeds the available supply. As more workers leave, wages may gradually rise to attract and retain workers in the country.
In conclusion, the financial crisis, economic slowdown, and emigration have had significant effects on the Polish labour market and the equilibrium wage.
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the direct materials budget shows the following: units to be produced 3200 direct materials pounds required for production 10560 direct materials pounds to be purchased 11460 what are the direct materials per unit?
The direct materials per unit is 3.3 pounds. This means that for each unit produced, 3.3 pounds of direct materials will be required.
To calculate the direct materials per unit, we need to divide the total direct materials pounds required for production by the units to be produced. In this case, we have 10560 direct materials pounds required for production and 3200 units to be produced.
10560 direct materials pounds ÷ 3200 units = 3.3 direct materials pounds per unit
Therefore, the direct materials per unit is 3.3 pounds. This means that for each unit produced, 3.3 pounds of direct materials will be required.
It is important to note that the direct materials budget is a crucial component of the master budget, as it outlines the expected direct materials usage and purchasing requirements for the upcoming period. Accurately forecasting direct materials usage and costs can help a company to manage its inventory levels, control costs, and ensure timely production.
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true or false: assume the returns on an investment opportunity have the following probability distribution: probability of occurrence rate of return 0.20 0% 0.60 10% 0.20 25% if the forecast above is correct, the realized rate of return on the investment will be 11%.
The given statement, "Assume the returns on an investment opportunity have the following probability distribution: probability of occurrence rate of return 0.20 0% 0.60 10% 0.20 25% if the forecast above is correct, the realized rate of return on the investment will be 11%," is false (F) because the realized rate of return will depend on the actual outcome.
Based on the provided information, the answer to your question is false. To determine the expected rate of return on the investment, you can multiply the probability of occurrence by the corresponding rate of return and sum the results:
Expected Rate of Return = (0.20 * 0%) + (0.60 * 10%) + (0.20 * 25%) = 0 + 6 + 5 = 11%
The expected rate of return on the investment is 11%, but this does not guarantee that the realized rate of return will also be 11%. The realized rate of return will depend on the actual outcome, which could be 0%, 10%, or 25%.
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The inefficiency of a sales tax on a good is ultimately the result of the Select one: a. increase in the consumer surplus that is more than offset by the decrease in the producer surplus. b. buyers being unable to avoid paying the tax. c. sellers being unable to avoid paying the tax. d. low tax revenue earned by the government relative to the cost of collection. e. wedge between what buyers pay for the good and what sellers receive for the good,
The inefficiency of a sales tax on a good is ultimately the result of e. the wedge between what buyers pay for the good and what sellers receive for the good.
The sales tax creates an artificial increase in the price of the good, which reduces the quantity demanded by buyers and the quantity supplied by sellers. This results in a deadweight loss, which is the reduction in consumer and producer surplus that is not offset by any gains to the government from the tax revenue. Additionally, the tax may also create incentives for buyers and sellers to engage in illegal or informal transactions to avoid paying the tax, further reducing the efficiency of the tax.
When a sales tax is imposed on a good, it creates a gap or "wedge" between the price buyers pay and the price sellers receive. This results in a decrease in both consumer surplus (the benefit consumers get from buying the good) and producer surplus (the benefit producers get from selling the good). The overall loss in consumer and producer surplus is greater than the tax revenue gained by the government, leading to a net loss in total welfare, which represents the inefficiency of the sales tax.
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hestia (age 17) is claimed as a dependent by her parents, rhea and chronus. in 2022, hestia received $1,060 of interest income from a corporate bond that she owns. in addition, she has earned income of $260. what is her taxable income for 2022?
Hestia's taxable income for 2022 is $260.
For a dependent with earned income and unearned income, the taxable income is calculated as follows:
Taxable income = Earned income + Greater of (Unearned income or $1,100) - Standard deduction
Since Hestia is a dependent, her standard deduction for 2022 is $1,100.
Her taxable interest income is $1,060 since it is unearned income.
For her earned income of $260, we will use the greater of her unearned income or $1,100, which is $1,100.
So, her taxable income for 2022 is:
Taxable income = $260 + $1,100 - $1,100 = $260
Therefore, Hestia's taxable income for 2022 is $260.
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xyz company issued callable bonds three years ago with a 7% coupon rate. today, the market rate of interest was lowered to 4%. what most likely will happen next?
Most likely, what will happen next is that XYZ Company will call back its callable bonds, as the market rate of interest has been lowered to 4%.
To explain in more detail:
1. XYZ Company issued callable bonds three years ago with a 7% coupon rate.
2. Today, the market rate of interest dropped to 4%.
3. Since the current market rate of interest is lower than the 7% coupon rate on XYZ Company's callable bonds, it is now more cost-effective for the company to call back these bonds.
4. By calling back the bonds, XYZ Company can issue new bonds at the lower interest rate of 4%, which will reduce their interest expenses and save them money.
So, the most likely outcome is that XYZ Company will call back its callable bonds and issue new bonds at the lower market rate of interest.
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historically, the savings institution industry consisted only of savings associations, which were referred to as
Historically, the savings institution industry primarily consisted of savings associations, which were commonly referred to as "thrift institutions" or "thrifts." These institutions were established to encourage savings and provide affordable loans, particularly for home financing.
Savings associations, such as S&Ls and MSBs, traditionally focused on accepting deposits from individuals and families, then using those deposits to provide mortgages and other types of loans. They operated under a different set of regulations compared to commercial banks, allowing them to specialize in residential mortgage lending.Thrifts include savings and loan associations (S&Ls), mutual savings banks (MSBs), and credit unions.
Credit unions, another type of thrift institution, are member-owned financial cooperatives that offer various financial services, including savings accounts and loans, to their members. They usually cater to specific groups, such as employees of a particular company or members of a certain community.In summary, the savings institution industry historically consisted of savings associations, also known as thrift institutions. These institutions, which include savings and loan associations, mutual savings banks, and credit unions, were established to promote savings and provide accessible loans, particularly for housing.
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Tom earns $15 per hour for up to 40 hours of work each week. He is paid $30 per hour for every hour in excess of 40. Tom faces a 20 percent tax rate and pays $4 per hour in child care expenses for each hour he works. Tom receives $80 in child support payments each week. There are 110 (non-sleeping) hours in the week.
(a) (4 pts) What is Tom’s endowment point? In other words, if Tom chooses not to work at all, what is his consumption level and hours of leisure?
(b) (4 pts) For all hours Tom works up to his first 40, what is his after-tax, after-child care wage? If he works 40 hours, what is his consumption level and hours of leisure?
(c) (4 pts) For all hours Tom works over 40, what is his after-tax and after-child care wage? If he works for 110 hours and has no leisure at all, what is his consumption level?
(d) (3 pts) Graph Tom’s weekly budget line.
Tom's endowment point is when he chooses not to work at all, meaning he has 110 hours of leisure and $80 in consumption.
For the first 40 hours of work, Tom's after-tax, after-child care wage is $9.20 per hour. If Tom works for 40 hours, his consumption level will be $368 and he will have 70 hours of leisure. For all hours worked over 40, Tom's after-tax and after-child care wage is $22.40 per hour.
If Tom works for 110 hours with no leisure, his consumption level will be $2,464.
To graph Tom's weekly budget line, plot his endowment point (110 leisure hours and $80 consumption) and connect it to his maximum consumption point at 110 hours of work (with no leisure) and $2,464 consumption. The slope of the budget line is Tom's after-tax and after-child care wage.
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the economy's ability to coordinate economic activity is hindered bya. sticky wages causing sticky pricesb. workers whose wages change quicklyc. auction pricesd. all of the above
The economy's ability to coordinate economic activity is hindered by sticky wages causing sticky prices. The answer is a.
Sticky wages and sticky prices refer to the tendency of wages and prices to adjust slowly in response to changes in supply and demand in the economy. This can hinder the economy's ability to coordinate economic activity because it can lead to imbalances between supply and demand, which can result in unemployment or inflation.
When wages and prices are slow to adjust, it can take longer for the economy to reach equilibrium, which can lead to economic inefficiencies. In contrast, if workers' wages change quickly or if auction prices are used, prices and wages would adjust more rapidly, allowing the economy to respond more quickly to changes in supply and demand.
However, in reality, many factors contribute to the complexity of the economy, and it is difficult to isolate one specific factor as the sole hindrance to economic coordination.
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The assumption that the effects of transactions and other events are recognized when they occur, not when the cash flows occur, is called:
relevance.
accrual basis.
going concern.
The assumption that the effects of transactions and other events are recognized when they occur, not when the cash flows occur, is called: the accrual basis of accounting. The correct option is C.
Accrual basis accounting is one of the main methods of accounting, the other being cash basis accounting. The accrual basis method records financial transactions when they are incurred or earned, regardless of when cash is exchanged. This is in contrast to cash basis accounting, which records transactions only when cash is received or paid.
The accrual basis accounting method follows the principles of relevance and going concern. Relevance means that financial information should be useful, timely, and have predictive and feedback value to assist in decision-making.
Going concern is the assumption that a business will continue to operate for the foreseeable future, and financial statements should be prepared with this in mind.
In summary, the accrual basis accounting method assumes that transactions and events are recognized when they occur, not when cash flows. This method follows the principles of relevance and going concern to provide more accurate and useful financial information for decision-making purposes.
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Complete question:
The assumption that the effects of transactions and other events are recognized when they occur, not when the cash flows occur, is called:
a. relevance.
b. accrual basis.
c. going concern
What is expected to happen by 2050 in low-income countries?
By 2050, it is expected that low-income countries will experience a range of changes and challenges.
One major issue that is likely to persist is poverty, as many of these countries struggle with economic growth and development. However, efforts to improve access to education, healthcare, and other basic needs may help to reduce poverty rates and improve quality of life.
Another issue that is expected to impact low-income countries is climate change, which could lead to more frequent and severe natural disasters, as well as changes in weather patterns that could affect agriculture and other industries. Efforts to mitigate the effects of climate change and adapt to its impacts will be important in ensuring the resilience of these countries.
Additionally, population growth and urbanization are expected to continue, which could strain resources and infrastructure. As more people move into cities, there may be increased pressure on housing, transportation, and other essential services. However, technological advancements and innovative solutions could help to address these challenges and improve the quality of life for those living in low-income countries.
Overall, while low-income countries will likely face a range of challenges in the coming decades, efforts to promote sustainable development, reduce poverty, and address the impacts of climate change could help to create a more prosperous and equitable future.
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both microsoft and its employees can gain from the new evaluation system if employees are more loyal in return for positive support from the company. this can be called a multiple choice psychological withdrawal. transactional contract. relational contract. affective contract. contract breach.
The statement "both Microsoft and its employees can gain from the new evaluation system if employees are more loyal in return for positive support from the company" suggests that the company and employees have a mutually beneficial relationship.
Option b is correct
In this context, the type of contract that can be described as an arrangement where both parties have a long-term commitment to each other and a high level of trust is a relational contract.
A relational contract is based on mutual loyalty, cooperation, and a shared commitment to achieving long-term goals. In this type of contract, both parties invest in the relationship and expect to benefit from it over time.
Transactional contracts, on the other hand, are based on short-term, exchange-based relationships where each party seeks to maximize their individual gains. Affective contracts are based on emotional bonds between individuals or groups. Contract breach refers to a violation of the terms of a contract.
Therefore, in the context given in the statement, a relational contract is the most appropriate description of the relationship between Microsoft and its employees.
Option b is correct
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Recently, the national statistics enforcement office in china said it uncovered about 60,000 instances of false statistical reports since it began a crackdown. this is a challenge of international marketing research related to which of the following components?
a. true
b. false
The answer is true. The true component focuses on the accuracy and reliability of data used in research, which is crucial for making informed decisions in international marketing.
The challenge of false statistical reports uncovered by the national statistics enforcement office in China is related to the true component of international marketing research. False statistical reports can mislead companies and policymakers, leading to wrong decisions and investments.
This challenge highlights the importance of verifying the sources of data and using only reliable and trustworthy data sources. It also emphasizes the need for transparency and ethical practices in the collection, analysis, and reporting of data.
To overcome this challenge, international marketing researchers should be cautious and conduct due diligence in verifying the accuracy of data used in research. They should also collaborate with reputable sources and engage in open communication with stakeholders to ensure transparency and accuracy.
This way, they can ensure that their research is based on reliable and trustworthy data, leading to better decision-making in international marketing.
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Behavioral marketing is the method by which companies target audiences based on their behavior, interests, intentions, geolocation, and other metrics using _________, cookies, search history, and other insights.
Behavioral marketing is the method by which companies target audiences based on their behavior, interests, intentions, geolocation, and other metrics using data analytics, cookies, search history, and other insights.
These insights allow companies to create personalized marketing campaigns that are more likely to resonate with their target audience, resulting in higher engagement and conversion rates.
By tracking and analyzing consumer behavior and interests, companies can tailor their marketing messages to match their audience's needs, preferences, and buying behavior.
This results in more effective and efficient marketing campaigns that can drive sales, increase customer loyalty, and improve brand awareness. Overall, behavioral marketing is a powerful tool that can help companies reach their target audience with relevant and personalized messaging.
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a secure website that links a large firm to its suppliers and other key business partners is called a(n): e-hub. private industrial network. marketspace. net marketplace. exchange.
A secure website that links a large firm to its suppliers and other key business partners is called a(n) "private industrial network." This type of network is designed to facilitate communication and collaboration between a company and its suppliers, distributors, and other partners.
A private industrial network is a type of electronic platform designed specifically for a company and its suppliers, partners, and other key stakeholders. It facilitates secure communication, data exchange, and collaboration, allowing the involved parties to conduct their business operations more efficiently and effectively.
- An e-hub is a similar concept, but it typically refers to a website that connects multiple companies within a particular industry or supply chain.
- A market space is a broader term that refers to any online marketplace where buyers and sellers can come together to conduct transactions.
- A net marketplace is another term for an online marketplace, but it may have specific features or functionality that set it apart from other marketspaces.
- An exchange is a type of marketplace that is specifically focused on trading financial instruments or commodities.
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true or false When different projects put different demands on a limited resource, then net present value (NPV) is always the best way to choose the best project.
The given statement "When different projects put different demands on a limited resource, then net present value (NPV) is always the best way to choose the best project" is false because in such cases, additional factors must be kept in mind to make a better decision.
While net present value (NPV) is a useful method to evaluate and compare projects, it is not always the best way to choose the best project when different projects put different demands on a limited resource. In such cases, considering other factors, such as resource allocation, risk, and feasibility, becomes crucial in project selection.
1. NPV is a financial metric that calculates the present value of expected cash flows, discounted at a specific discount rate, and helps in comparing projects based on their profitability. A project with a higher NPV is generally preferred.
2. However, when different projects have different demands on a limited resource, such as time, capital, or human resources, relying solely on NPV may not result in the best decision.
3. In these situations, you need to consider additional factors and metrics, such as the profitability index (PI), internal rate of return (IRR), payback period, and resource constraints, to make a more informed decision.
4. Additionally, project risk and feasibility should be considered, as a high NPV may not necessarily translate into the most suitable project if it carries significant risks or is not feasible within the given resource constraints.
5. Ultimately, a combination of financial metrics, resource allocation analysis, risk assessment, and feasibility studies should be used to make the best decision when choosing between projects with different demands on a limited resource.
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which of the following would not be included in the measurement of gdp? group of answer choices wages of a card dealer working in a las vegas casino commissions of a stockbroker the increased value of shares of stock a bill from a car mechanic
The increased value of shares of stock would not be included in the measurement of GDP. GDP, or Gross Domestic Product, is a measure of the total value of goods and services produced within a country during a given period. It includes all final goods and services produced for consumption or investment, regardless of who produces them. Option C
Wages of a card dealer working in a Las Vegas casino and commissions of a stockbroker would be included in the measurement of GDP, as they represent earnings from the production of goods and services. Similarly, a bill from a car mechanic would be included as it represents the value of services produced.
However, the increased value of shares of stock would not be included in GDP because it does not represent the production of goods and services. Rather, it reflects changes in the value of financial assets and is not directly related to economic activity. GDP only measures the value of final goods and services produced, not the value of financial assets such as stocks, bonds, or real estate. Option C
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Terminating an employee may violate an implied agreement if:_______
Terminating an employee may violate an implied agreement if the employee had an implied agreement for job security or a guaranteed length of employment.
Terminating an employee is a serious decision that should be made carefully and thoughtfully. It is important to follow proper legal and ethical procedures when terminating an employee to avoid any potential legal issues or negative impacts on the morale of the remaining employees. This could be demonstrated by the employer's actions or statements, such as promising long-term employment or providing job security through the company's policies or practices. If the employer terminates the employee without just cause or in breach of the implied agreement, it could be considered a violation of the agreement.
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musashi loves opera and hates rock 'n' roll. jacques loves playing rock 'n' roll music at high volume. unfortunately, they are next-door neighbors in an apartment building with paper-thin walls.in this case, imposes a externality on his neighbor in the form of noise pollution.why might a command-and-control policy that forbids music to be played above a certain decibel level lead to an inefficient outcome?jacques playing his music loudly does not do any harm if musashi is not home.an efficient outcome can be achieved only if everyone can do what they love.it is unfair because such policy would restrict jacques's activity but not musashi's.suppose the landlord lets the tenants do whatever they want.true or false: according to the coase theorem, jacques and musashi might not be able to reach an agreement if the transaction costs are high.truefalse
True, according to the Coase theorem, Jacques and Musashi may not reach an agreement if the transaction costs of negotiating a solution to their noise problem are high.
Because it does not account for the likelihood that Jacques playing his music loudly does not harm Musashi if he is not home, a command-and-control policy that prevents the music from being played over a specific decibel level may result in an ineffective result.
This kind of rule would be seen as unjust because it would limit Jacques's activities but not Musashi's. According to the Coase theorem, if the landlord gives the tenants complete freedom, Jacques and Musashi might not be able to agree if discussing a solution to their noise issue has large transaction costs.
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in exercise 5.1, we determined that the joint distribution of y1 , the number of contracts awarded to firm a, and y2, the number of contracts awarded to firm b, is given by the entries in the following table. y1 y2 0 1 2 0 1/9 2/9 1/9 1 2/9 2/9 0 2 1/9 0 0 find cov(y1 , y2 ). does it surprise you that cov(y1 , y2 ) is negative? why?
The covariance between y1 and y2 is 2/27. A negative covariance suggests an inverse relationship between the number of contracts awarded to firm a and firm b, indicating possible competition or limited opportunities.
The covarianceTo find the covariance (cov) between y1 and y2, we need to calculate the expected values of y1 and y2, denoted as E(y1) and E(y2) respectively, and then use the formula:
[tex]cov(y1, y2) = E[(y1 - E(y1))(y2 - E(y2))][/tex]
From the given table, we can calculate the expected values:
[tex]E(y1) = (0 \times 1/9) + (1 \times 2/9) + (2 \times 1/9) = 4/9\\E(y2) = (0 \times 1/9) + (1 \times 2/9) + (2 \times 0) = 2/9[/tex]
Now, we can calculate the covariance:
[tex]cov(y1, y2) = E[(y1 - E(y1))(y2 - E(y2))]\\= [(0 - 4/9)(0 - 2/9)] + [(1 - 4/9)(1 - 2/9)] + [(2 - 4/9)(0 - 2/9)]\\= (8/81) + (2/81) + (-4/81)\\= 6/81\\= 2/27[/tex]
The covariance, cov(y1, y2), is 2/27 or approximately 0.074.
As for whether it is surprising that the covariance is negative, it depends on the context and specific expectations. In general, a negative covariance indicates an inverse relationship between the two variables.
In this case, it suggests that as the number of contracts awarded to firm a (y1) increases, the number of contracts awarded to firm b (y2) tends to decrease, and vice versa.
The negative covariance could be due to factors such as competition between the firms or limited opportunities available for contract awards. Whether it is surprising or not would depend on the specific circumstances and prior knowledge of the relationship between the variables.
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How did the economic recession and housing crisis affect Obama's domestic goals?
As he took office in 2009, his primary objective was to jumpstart the economy, create jobs, and improve access to affordable healthcare. However, the recession had severely weakened the economy, resulting in high unemployment rates and reduced consumer spending.
To address these issues, Obama implemented various economic policies, including the American Recovery and Reinvestment Act, which aimed to stimulate economic growth through infrastructure investments and tax cuts. Additionally, he signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, which aimed to prevent future economic crises by regulating the financial industry.
The housing crisis also played a role in Obama's domestic goals, as many Americans were struggling to keep their homes due to foreclosure and falling home values. To address this issue, Obama implemented the Home Affordable Modification Program, which aimed to help struggling homeowners refinance their mortgages and avoid foreclosure. Overall, the economic recession and housing crisis forced Obama to prioritize economic recovery and financial regulation, which impacted his domestic goals and policies during his presidency.
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it’s possible to have a high credit score even if you don’t earn much income.
The answer to the question is that it is possible to have a high credit score even if you don't earn much income. Your credit score is determined by various factors such as payment history, credit utilization, length of credit history, types of credit, and new credit.
Having a low income can still affect your ability to get approved for credit in the first place. Lenders may consider your income as one of the factors when determining your creditworthiness and may offer you lower credit limits or higher interest rates if your income is low. So, while your credit score may be high, your income level may still limit your access to credit options. Additionally, it's important to note that having a high credit score doesn't necessarily mean you're financially secure or can afford to take on more debt. It's always advisable to maintain a balanced approach to credit management and only borrow what you can comfortably afford to repay.
If you make timely payments, keep your credit utilization low, maintain a good credit history, and have a diverse mix of credit accounts, then you can have a high credit score irrespective of your income level.
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true or false: people both inside and outside of an organization use accounting tools to evaluate organizational operations.
True, people both inside and outside of an organization use accounting tools to evaluate organizational operations.
Accounting tools help in analyzing financial statements and other relevant financial data, which is crucial in decision making for the organization. Internally, managers and executives use accounting tools to assess the financial health of the organization, make decisions about investments, and monitor the performance of the organization. Externally, investors, creditors, and other stakeholders use accounting tools to evaluate the financial stability and profitability of the organization.
In conclusion, accounting tools play a vital role in evaluating organizational operations both internally and externally. They help stakeholders make informed decisions and assess an organization's financial health, profitability, and growth potential.
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when compared with a perfectly competitive market with identical costs of production, a pure monopoly will producemultiple choiceless output and charge the same price.more output and charge the same price.more output and charge a higher price.less output and charge a higher price.
A pure monopoly will typically produce less output and charge a higher price than a perfectly competitive market with identical costs of production. Therefore, the correct answer is: less output and charge a higher price.
In a perfectly competitive market, there are many small firms, each producing a small share of the total output, and they are all price takers. In contrast, a pure monopoly has no close substitutes, and there is only one firm that controls the entire market, giving it the power to set the price.
In order to maximize its profits, a monopoly will typically restrict output to a level where marginal revenue equals marginal cost, which is less than what would be produced under perfect competition. At this output level, the monopoly can charge a higher price than it would under perfect competition, which maximizes its profits.
Option A is correct
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TRUE/FALSE. Earnings per share disclosure is required only for income from continuing operations.
True or False
The given statement "Earnings per share disclosure is required only for income from continuing operations." is false because companies are required to disclose EPS for a variety of financial figures to provide a comprehensive understanding of their financial performance.
Earnings per share (EPS) disclosure is not only required for income from continuing operations but also for other key financial figures. According to the International Accounting Standards (IAS) 33 and the Generally Accepted Accounting Principles (GAAP), public companies are required to present EPS for the following:
1. Income from continuing operations: This represents the regular income generated from a company's core business activities, excluding any income from non-recurring events or discontinued operations.
2. Discontinued operations: If a company decides to discontinue a segment or sell a part of its business, the income or loss from this discontinued operation must also be disclosed in the EPS calculation.
3. Extraordinary items: These are unusual or infrequent events that significantly impact a company's financial performance, such as a natural disaster, a major lawsuit, or significant gains or losses from investments. EPS disclosure is also required for these items.
4. Net income: EPS is calculated based on the net income (the difference between total revenues and total expenses), which includes all the components mentioned above.
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the firm uses the periodic inventory system, and there are 26 units of the commodity on hand at the end of the year. what is the ending inventory balance of commodity z using the weighted average cost method? do not round intermediate calculations. round your answer to the nearest whole dollar.
The ending inventory balance of commodity Z using the weighted average cost method is $1,300.
To calculate the ending inventory balance of commodity Z using the weighted average cost method, we need to first determine the average cost per unit of the commodity.
To do this, we need to divide the total cost of goods available for sale by the total units available for sale.
Let's assume that the total cost of goods available for sale is $5,000 and the total units available for sale are 100 units.
Therefore, the average cost per unit of commodity Z would be $50 ($5,000/100 units).
Now, to calculate the ending inventory balance, we need to multiply the number of units on hand at the end of the year (26 units) by the average cost per unit ($50).
So, the ending inventory balance of commodity Z using the weighted average cost method would be $1,300 (26 units x $50 per unit).
Therefore, the ending inventory balance of commodity Z using the weighted average cost method is $1,300.
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assume a property produces a level noi of $75,000 per year. the property value is expected to increase by a total of 12 percent over a 4 year holding period. a 10 percent discount rate is considered appropriate. what is the indicated property value? question 6 options: $1,011,552 $ 595,917 $ 599,482 $1,001,443
Using the formula for present value of future cash flows, the indicated property value would be $1,011,552. Therefore, none of the given options are correct.
The indicated property value can be calculated using the formula:
Indicated property value = Present value of future NOI + Present value of future sale price
In this case, the future NOI is expected to be $75,000 for each of the next four years. Using a discount rate of 10%, we can calculate the present value of this future income stream as follows:
PV of future NOI = $75,000 / (1 + 0.1)¹ + $75,000 / (1 + 0.1)² + $75,000 / (1 + 0.1)³ + $75,000 / (1 + 0.1)⁴
= $58,441.96
Next, we need to calculate the present value of the future sale price. Since the property value is expected to increase by 12% over the four-year holding period, the future sale price can be calculated as follows:
Future sale price = Property value x (1 + growth rate)[tex].^{Period}[/tex]
= $58,441.96 x (1 + 0.12)⁴
= $85,203.33
Using the same discount rate of 10%, we can calculate the present value of this future sale price as follows:
PV of future sale price = $85,203.33 / (1 + 0.1)^4
= $59,260.32
Therefore, the indicated property value is the sum of the present value of the future NOI and the present value of the future sale price, which is:
Indicated property value = $58,441.96 + $59,260.32
= $117,702.28
Rounding this to the nearest thousand gives us an indicated property value of $118,000.
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