Economic resources are referred to as factors of production because they are employed in the production of products and services.
The resources that make up the economy's foundation and that people employ to produce commodities and services are known as the factors of production. Land, labor, capital, and entrepreneurship are the four groups into which economists divide the components of production.
What makes production elements so crucial?
The overall productivity potential of a given economy is comprised of the factors of production as a whole. Economists and decision-makers can assess an economy's potential, make predictions, and develop policies to increase productivity by being aware of their relative accessibility and availability.
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In the 1990s, many people had rising incomes. at the same time, there was a rise in the cost of lumber. this would cause the demand for houses to_________ and the supply for houses to_________
The 1990s saw an increase in income for many people. The cost of lumber soared throughout this period. There would be a decrease in housing supply and an increase in housing demand as a result.
In economics, the term "demand" refers to a consumer's willingness and desire to purchase goods and services at a particular price. Generally, as an item or service's price rises, less of it is demanded. If the price of a good or service drops, the amount required will go up in response.
Demand is a term that both consumers and businesses are extremely familiar with because it makes sense and naturally occurs throughout practically any day.
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Obtaining evidence to determine that all inventory, accounts payable, notes payable and expenses are included on the financial statements relates to the ______ assertion.
Obtaining evidence to determine that all inventory, accounts payable, notes payable and expenses are included on the financial statements relates to the completeness assertion.
What is Financial Statement ?
The income statement, balance sheet, and statement of cash flows are the three main sections of the financial statements. These statements are intended to be read collectively in order to provide a thorough view of a company's financial situation and performance. There is a case can be made for each financial statement being the most significant, but the answer ultimately comes down to the user's requirements.
The income statement, which shows a company's potential to make a profit, is likely to be the most crucial financial statement for the majority of users. Additionally, the data on the income statement is largely expressed in current dollars, indicating a respectable level of accuracy.
Since the balance statement does not provide the results of operations and some of the statistics listed there may be dependent on prior costs, the report is likely to be ranked third by many consumers.
The statement of cash flows may be a contender for most crucial financial statement because it only considers changes in cash inflows and outflows.
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One of the strongest lines of anatomical evidence of evolution is exhibited by patterns of ______ that are common to a group of related organisms.
One of the strongest lines of anatomical evidence of evolution is exhibited by patterns of embryological development that are common to a group of related organisms.
What is evolution?This is the term that is used to describe the way that organisms that exists in the environment were said to have evolved from other organisms. It is the gradual changes that were observed in the entities in the environment over periods of time.
The process of natural selection can be attributed to evolution. Hence we can say that: One of the strongest lines of anatomical evidence of evolution is exhibited by patterns of embryological development that are common to a group of related organisms.
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Corporations typically set up one singular office to manage all stakeholders. True of false
The answer is true. Typically, corporations create a single office to oversee all stakeholders.
Who is a business stakeholder?All people or organisations with a stake in how well a firm operates are considered stakeholders. Building strong and balanced connections with stakeholders is crucial for organisations since doing so will influence how authentically they are able to address their needs.
What function does a stakeholder serve?A stakeholder is a person, group, or organisation that might have an impact on, be impacted by, or believe they are being influenced by a project's choice, action, or result. Stakeholders are people who are either actively involved in the project or who have interests that the project's results could influence.
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The billion-dollar mergers and takeovers that swept the mass media since the 1990s were possible because of:_______
The billion-dollar mergers and takeovers that swept the mass media since the 1990s were possible because of deregulation.
What is mass media?
Mass media, to put it simply, is any technology used to communicate with or reach a large audience. The main channel for the general population to communicate with one another and on a larger scale is the mass media. Newspapers, radio, television, the internet, magazines, and more are among the most widely used forms of mass communication.
Deregulation made possible the multibillion dollar acquisitions and mergers that swept the media in the 1990s possible.
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What would be the occupancy rate for a hotel that has 200 rooms on a day in january in which it sold 100 rooms and received total rooms revenue of $17,000?
The occupancy rate for the hotel that has 200 rooms on a day in January is 50%.
What is revenue?
In the context of accounting, revenue refers to the total income from sales of products and services that are directly related to the company's core operations. Sales or turnover are two other terms for commercial revenue. Interest, royalties, and other fees are sources of income for some businesses.
Revenue is the entire amount of money made through the sale of products or services related to a business's core operations. Because it appears at the top of the income statement, revenue, also known as gross sales, is frequently called the "top line."
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Janelle sells construction equipment. when she calls on her building contractor customers, she asks if they are having any problems. in doing so, janelle is addressing which core aspect of marketing?
Janelle is addressing the core aspect of satisfying customer needs and wants of marketing
What are the core aspects of marketing?Satisfying Customers needs/wants: The development of products and services depends on the customer needs and wants.Marketing Entails and Exchange: The exchange can occur between two parties but simply a buyer & seller exchanging for a good or service. It can also be an exchange of information convenience.Marketing requires product, price, place, and promotion decision.Marketing impacts various stakeholders: It affects supply chain partners, employees, society, large / entire industry.What is a marketing plan?A marketing plan, which is a useful document, describes an organization's advertising strategy for generating leads and reaching its target market. The outreach and PR campaigns that will be carried out over time are described in a marketing strategy together with the metrics the company will use to measure their performance.
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Applications that enable a user to create visual aids that can be projected on a screen or displayed on a digital display are called:_______
Applications that enable a user to create visual aids that can be projected on a screen or displayed on a digital display are called presentation software.
What Does Presentation Software Mean?Using presentation software, a subgenre of application software, it is possible to create presentations of ideas by fusing text, graphics, and audio or video. In a presentation, a story is told, a voice is supported, or data is displayed.
Although the majority of these programs already have features that enable users to create both professional business presentations and wide-ranging multimedia presentations, the two types of presentation software—business presentation software and general multimedia authoring software—can be distinguished.
Presentation software is also known as a presentation program.
Informational slide displays are typically made with presentation software. The software is made up of three main components:
Text entry and formatting in a text editora feature that allows you to insert artwork and other multimedia assetsSlideshow technology is used to display the content.To know more about presentation software, visit:
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The opportunities for mass production created by the __________ spawned intense and systematic thought about management problems and issues
The opportunities for mass production created by the Industrial revolution spawned intense and systematic thought about management problems and issues
What is Industrial revolution ?The Industrial Revolution can be described as the period of scientific as well as the technological development that took place in the 18th century.
It should be noted that this brought about the transformation of largely rural, agrarian societies, hence The opportunities for mass production created by the Industrial revolution spawned intense and systematic thought about management problems and issues
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A project has estimated annual net cash flows of $68,000. it is estimated to cost $380,800. determine the cash payback period. round your answer to one decimal place. fill in the blank 1 years
Around 6 years is the estimated cash payback period.
Formula
Cash Payback Period = Initial Investment/ Cash Flow per year
Cash Payback Period = $380,800/$68,000
= 5.6 years
Cash Payback Period = 6 years (approx value)
What is Net Cash Flow?A company's net cash flow is the difference between its cash inflows and outflows over a specific time period. After covering all operating expenses and debt repayments, a business has a positive cash flow if it still has money left over.
Even though net cash flow and profit are sometimes used synonymously, they each have their own set of metrics for assessing corporate performance. The net cash flow of a business at any particular time demonstrates the total amount of money coming in and going out. But after deducting costs from revenue, profit is the amount that is left over.
But a company's success does not guarantee that it has a healthy cash flow that can easily pay for its costs. By providing a service to a client, for instance, money could be made, but it might take some time before it is paid out. The corporation reports revenue but no cash until the money is paid.
Thus, Net cash flow is quite different from profit.
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L is no longer eligible for the employer's $50,000 group life insurance plan. l dies 28 days later without sending in the required conversion paperwork. what will their beneficiaries receive?
$50,000 minus any outstanding premiums
There is a grace period during the conversion phase. If a dismissed or ineligible employee passes away during the conversion period, regardless of whether they intended to choose individual coverage or not, the group insurance will pay the death claim, less the applicable benefit premium.
A Beneficiary is what?
A beneficiary is someone (or anything) who is chosen to profit from someone else's property. Beneficiaries typically get these advantages as a part of an inheritance.
In the legal agreements governing a life insurance policy, retirement account, brokerage account, bank account, and other financial instruments, a beneficiary may be named.
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The economy was at point a producing 100x and 200y. it moved to point b where it produces 200x and 300y. it follows that:______.
The Production-Possibility Frontier (PPF) of the economy was at point A, or the PPF may have moved outward and point A was on the previous PPF.
What is Production possibility frontier ( PPF) ?
The production possibility frontier (PPF) is a curve on a graph that depicts the potential output of two goods whose production is dependent on the same limited resource. Another name for the PPF is the production possibility curve.PPF is important in economics as well. For instance, it can show that a country's economy has achieved the maximum level of effectiveness.The production possibility frontier (PPF), which depicts situations that are impractical given the available resources, is above the curve.The PPF illustrates that an increase in one commodity's production can only occur when the production of the other commodity falls.Managers can use the PPF as a tool for making decisions when determining the best product mix for their organisation.To know more about PPF visit:
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Dewey earned a salary of $75,000 in 2001 and $95,000 in 2006. the consumer price index was 177 in 2001 and 266 in 2006. dewey's 2001 salary in 2006 dollars is:__________
According to the formula below, Dewey's 2001 pay in 2006 dollars is calculated.
Salary in 2001 in 2006 dollars
= Salary in 2001 x (2006 CPI / 2001 CPI)
= $75,000 x (266/177)
= $75,000 x 1.5028
= $112,711.86
What is Consumer Price Index?The Consumer Price Index (CPI) tracks changes in consumer prices on a monthly basis in the United States. The cost-of-living index (CPI) is determined by the Bureau of Labor Statistics (BLS) as a weighted average of prices for a sample of products and services that is indicative of total consumer spending in the United States.
The CPI is among the most widely used indicators of inflation and deflation. In contrast to the producer price index (PPI), which tracks changes in the prices paid to American producers of goods and services, the CPI reportemploys a different survey methodology, pricing sample, and index weights.
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The benefits, costs, and risks associated with doing business in a country are a function of that country’s.
The benefits, costs, and risks associated with doing business in a country are a function of that country's political, economic, and legal systems.
What traits distinguish a command economy?There are only a few typical components of a command economy: a central economic plan, government control over the means of production, and (presumed) social equality. The government assigns physical resources to firms and sets recruiting and production goals for them based on the overall plan. However, the overall strategy might not necessarily be what the public desires. People are also only permitted to own a limited number of personal objects, such as clothing and modest home items. The government typically has control over their source of income, place of employment, and diet (in severe situations). Although the wellbeing of the people is supposedly the government's first priority, it rarely materializes.
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Operating leverage can be used to measure:_________
a. sales.
b. contribution margin.
c. fixed costs.
d. the impact of changes in sales on operating income.
Operating leverage can be used to measure: fixed costs.
A cost-accounting method called operating leverage assesses how much a company or project can raise operating income by raising revenue. A company with significant operating leverage creates sales with a high gross margin and low variable costs.
By deducting the variable costs of sales and dividing the result by sales less variable costs and fixed costs, it is also possible to get the operating leverage ratio.
The formula for calculating operating leverage is quantity multiplied by the difference between the price and the variable cost per unit divided by the sum of the quantity multiplied by the fixed operating costs minus the variable cost per unit.
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True or false: the worst type of quality costs for a company to incur are internal failure costs.
An increase in supply will cause equilibrium price to __________ and equilibrium quantity to __________.
An increase in supply will cause equilibrium price to decrease and equilibrium quantity to increase.
The equilibrium price refers to the price at which the demand and supply of a product or service in the market is equal, leading to stable prices. It is the law of the market that the price of a good will eventually fall or rise to its equilibrium, after adjustments in the demand or supply side of the good.
If the supply of a good increases, its equilibrium price will decrease as there is more of the good in the market. And if the price does decrease, the quantity demanded of the good will increase as more people are able to afford the good or buy a greater quantity.
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The _____ of algeria includes 3,973 km of railroads, 104,000 km of roads, and 54 paved airports. it also has only five telephones for every 100 citizens and only two internet service providers.
The infrastructure of Algeria includes 3,973 km of railroads, 104,000 km of roads, and 54 paved airports. it also has only five telephones for every 100 citizens and only two internet service providers.
What is Infrastructure?Infrastructure can be described as the set of facilities as well as the systems that is been used in the country, city, so that the country can be habitable for the public.
This consist of services and facilities necessary for its economy, hence The infrastructure of Algeria includes 3,973 km of railroads, 104,000 km of roads, and 54 paved airports. it also has only five telephones for every 100 citizens and only two internet service providers.
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Which aspect of the marketing mix is concerned with how much a customer is willing to pay for a product? place place price price promotion promotion product
Price is the amount of money buyers are willing to part with for a product. Marketers must consider seasonal discounts, competitor prices, supply costs, and retail markup in addition to tying the price to the product's actual and perceived value.
The Four Ps of Marketing: How Are They Used?The 4Ps technique can be used while getting ready to launch a new product, evaluating an existing product, or trying to boost sales of an existing product.
By carefully examining these four factors—product, pricing, place, and promotion—a marketing professional may create a strategy that successfully launches or relaunches a product.
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Discuss the benefit to a business of using social trends to identify new business ideas.
Answer:
its a little like reading the weather, trends help display signals that create patterns, where patterns are most prominent these are indicators for your business to leverage the most suitable tools that your audience and business align.
The parameter list in the method header and arguments in the method call must agree in?
If a method accepts parameters, the parameters must be listed in the method declaration. The parenthesis that follow the method name include a parameter list that contains the parameters. You list the parameter type followed by the parameter name for each parameter that the method uses.
Value declarations may be included in parameter lists. Value declarations follow parameter declarations and are separated from them by => at the end of the parameter list. If the type is "object," a value declaration can only specify a name for each return value, or it can specify a name and an operand.
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True or false: salaries receivable is the account used to record salaries owed to employees for work performed during the current period.
salaries receivable is the account used to record salaries owed to employees for work performed during the current period.
The given statement is False
Any money you owe your clients for products or services they previously purchased from you is referred to as accounts receivable. After a few weeks, this money is normally collected and added to the balance sheet of your business as an asset. In accrual basis accounting, you make use of accounts receivable.Employee receivables are any personal debts that staff members might owe the business. These could include things like paying back for broken equipment, covering individual travel costs, or providing travel advances.Receivables are debts owing to a business by its customers for goods or services used or supplied but not yet paid for. They are also known as accounts receivable. Receivables are recorded as current assets on the balance sheet of the company and are produced by extending the line of credit to clients.To learn more about salaries receivable visit:https://brainly.com/question/13287771
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All the documents a brokerage generates for a single completed transaction are kept in?
All the documents a brokerage generates for a single completed transaction are kept in A master transaction file. Option B
This is further explained below.
What is a master transaction file.?Generally, The data found in the transaction files is what is utilized to bring the master files, which are the files that hold information on the organization's subjects, up to date.
In addition to their primary purpose, transaction files also serve as audit trails and the organization's history.
In conclusion, A master transaction file is where a brokerage store all of the papers it creates for a single completed transaction and keeps them safe. Alternative B
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complete question
All the documents a brokerage generates for a single completed transaction are kept in:
a. the broker's PDA.
b. a master transaction file.
c. the assistant's home.
d. none of the above.
Which type of economic system would more closely subscribe to the doctrine of laissez faire?
commercial freedom (capitalism)The laissez-faire economic philosophy would be more prevalent in the system.
What is capitalism on the market?
A theory of economics known as commercial capitalism is built on the ideas of capital, value, labor, and capitalization. Anything that has the potential to positively impact the world is valuable; value is another word for labor. Capitals are used to store value.
When did capitalism in the marketplace begin?
When mercantilism, or merchant capitalism, was established in the early modern era during the 16th and 18th centuries, modern capitalism only partially emerged. Over the Mediterranean bullion trade, early modern Venice, Genoa, and Pisa show early signs of mercantilistic activities.
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Using segmentation by size, which type of organization would most likely be contacted by email or outbound telemarketing?
Using segmentation by size, a small size type of society would be most likely to be reached by e-mail or outbound telemarketing.
What is a medium size organization?According to the Organization for Economic Cooperation and Development, most nations represent a small business as one with 50 or fewer employees, and a mid-size company as one with between 50 and 250 employees.
What is the dissimilarity between SMB and SME?SMB: Small and Medium-Sized Companies. SMBs are defined as having smaller than 100 employees and between $5-$10 million in annual income. SME: Small and Medium-Sized Enterprises. Also understood as “mid-market”
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In process costing, costs incurred in a department are not transferred to the next department. a. true b. false
True, In process costing, costs incurred in a department are not transferred to the next department.
What are the transmitted in costs as used in a revolution costing system?Transferred-in costs are the costs collected by the product at any given point in presentation. They are "transferred in" to the new business department that takes the partially finished product and is accountable for restarting the production process.
What is true about revolution costing?
Process costing is an important product costing process for manufacturing businesses that mass produce a large volume of similar effects or units of output. Process costing is widely used in enterprises such as oil refining, food presentation, chemical processing, materials, glass, cement and paint manufacture.
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Accounts payable is an account which contains the total dollar value of __________ by the business for all __________ purchases.
The schedule of payables is a list of all debtors in the ledger of payables, together with the balance in each account and the overall balance owed.
What exactly is the Ledger for Accounts Payable?
Every invoice that was received from a supplier is detailed in an accounts payable ledger. The ledger keeps track of each invoice's unique payable information, including the invoice number, date, supplier, and amount paid.
What is the AP ledger known by another name?
Accounts Payable Ledger, also referred to as the creditor's ledger, is a subsidiary ledger that provides information on the various suppliers or vendors of the business along with a summary of their account balances, emphasizing the total amount still owed by the business.
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Long margin account
market value: $60,000
debit balance: $15,000
regarding this account, there is:________
i sma of $15,000
ii sma of $30,000
iii buying power of $30,000
iv buying power of $60,000 a
The correct options are (i) sma of $15,000 and (iii) buying power of $30,000.
Regarding the given account the person has SMA of $15,000 and his buying power is $30,000.
What is the market price?When we talk about market value, which is the price an asset sells for on the market, we often speak to market capitalization. Market values are dynamic in nature because they depend on a range of factors, such as the actual working environment, the general health of the economy, and the dynamics of supply and demand.
The consumer can borrow 50%, or $30,000, of the market value of $60,000 In this case, he has already borrowed $15,000, making it possible to borrow an extra $15,000 in cash. SMA is therefore $15,000 With $15,000 in SMA, you may purchase twice as much in marginable securities, giving you $30,000 in buying power.
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Which ideas are good ones to keep in mind when trying to come up with a research idea?
The key to locating a good research idea is to find a topic that:
4) You want to know more about
What are the 5 most important things you will require to research about your topic?5 Steps for How to Research
Step 1: Pick a Subject.
Step 2: Are There Adequately Sources?
Step 3: Validation: Find the Finest Sources.
Step 4: Make Reminders.
Step 5: Organize Your Details.
Ideas for research problems or topics can emerge from a range of sources such as personal or professional knowledge, a theory, the media, or other research studies.
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Jill's salary in 2013 was $42,650. her salary in 2014 was $44,890. what was her percent?
Jill's percentage increase in salary is 5.25 %.
The percentage is a ratio expressed as a term of 100. Often represented by the percent sign percent. Latin expressions came to English in the 16th century. It was later abbreviated to percent. Ultimately the period was removed and the two parts were combined to produce the modern percent of his one-word form.
Percentages are part of whole numbers and are expressed as numbers from 0 to 100, not fractions. Everything is 100%, half of it is 50%, and nothing is 0%. To determine percentages, divide part of the whole by itself and multiply by 100. Percentages can be calculated by dividing the value by the total and multiplying the result by 100.
Jill's salary in 2013 = $42,650.
Jill's salary in 2014 = $44,890
Difference in salary = $44,890 - $42,650.
= $ 2240
Let the percentage increase in her salary is X.
The percentage increase in her salary is $42,650 × X%
$42,650 × X% = $ 2240
X = ( $ 2240 / $42,650 ) × 100
= 5.25 %
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