Many factories were transformed during World War II from producing consumer items like automobiles to producing munitions is an example of production possibility.
Munitions are tools and materials used in warfare, particularly bombs, shells, and firearms. A few examples of munitions are missiles, bombs, rockets, etc.
Production possibility is an examination of the potential combinations of two items that can be created using the resources and technology that are existing.
For example, consider a scenario in which a country produces 120,000 apples and 20,000 oranges. That is point B on the diagram. Fewer apples must be produced if it wishes to grow more oranges.
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What word best describes how miss hepzibah pyncheon feels about serving her first customer?
Distressed sums up Miss Hepzibah Pyncheon's feelings toward servicing her first client the best.
What is Distressed?Being very stressed out or having trouble.
How could Miss Hepzibah Pyncheon not be impatient and curious?She could not have been interested since she was not wondering anything, and she could not have been eager because she was not waiting for anything or anyone.
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Many companies use social media to publish ________, in which they communicate directly with customers and other audiences, rather than going through news media outlets.
Many companies use social media to publish direct-to-consumer news releases in which they communicate directly with customers and other audiences, rather than going through news media outlets.
What is direct-to-consumer news releases ?
While businesses used to write news releases to share information with reporters, many now produce direct-to-consumer news releases in which they speak with customers and other audiences directly. Additionally more widespread, social media news releases have a number of benefits above conventional news releases.
Therefore,
Many companies use social media to publish direct-to-consumer news releases in which they communicate directly with customers and other audiences, rather than going through news media outlets.
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Norbert company debits accounts receivable and credits service revenue. as a result of this adjusting entry, norbert company's:______.
Norbert company debits accounts receivable and credits service revenue. as a result of this adjusting entry, Norbert company's assets increase
equity increases.
The whole assets of a enterprise are same to the sum of its liabilities and shareholders' equity, in line with the accounting equation.The primary concept behind the double-entry accounting system is that property, liabilities, and equity have a clean courting with one another. The stability sheet is kept in stability thanks to the accounting equation. In other words, every debit access has a corresponding credit access (or insurance) on the other aspect of the ledger.The balance sheet equation or fundamental accounting equation are different names for the accounting equation.The double-access accounting machine is notion to be built upon the accounting equation.according to the accounting components, a organisation's total property are identical to the sum of its liabilities and shareholders' fairness on its stability sheet.The organization's giant resources are represented with the aid of its property. Their obligations are represented by way of the liabilities.Liabilities and shareholders' equity both display how a corporation finances its belongings. Debt funding is displayed as a legal responsibility, while fairness financing is displayed as shareholders' fairness.To learn more about assets and equity increases visit:https://brainly.com/question/1357713
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The process of analyzing the tasks necessary for production of a product describes.
The process of analyzing the tasks necessary for the production of a product describes workflow design.
What exactly is a workflow design?
A workflow diagram, commonly referred to as a workflow, is a visual representation of the business process. The process demonstrates step-by-step how your job is accomplished from beginning to end using standardized symbols and forms. It also indicates who is in charge of the job at each stage of the process.
A thorough workflow analysis must be completed before designing a workflow because it can reveal any potential flaws. You may define, standardize, and pinpoint crucial sections of your process with the use of workflow analysis.
Workflows are also helpful for fostering more cohesion across various departments and for aiding staff in understanding their jobs and the sequence in which tasks must be done. Workflows are utilized in a wide range of industries nowadays and are simpler to construct than ever before. They were originally employed in the manufacturing sector.
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The difference between the entries to record depreciation on office equipment and depreciation on factory equipment is that one?
The difference between the entries to record depreciation on office equipment and depreciation on factory equipment is that one: debits Depreciation expense, while the other debits MOH
What is difference between depreciation of office equipment and factory equipment?
It should be noted that factory equipment is asset that is used in the factory, which means that its depreciation should be shown under the manufacturing overhead(MOH) even though does not reflect directly in the goods manufactured, needs to be incurred to in course of manufacturing.
However, for the depreciation on office equipment which is an administrative asset, the accumulated depreciation on office equipment is credited(a contra account in the balance sheet) such that the depreciation expense is debited in the income statement, in essence, one relates to production and the other to administration.
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Economists face an obstacle that many other scientists do not face. What is that obstacle?.
The obstacle is that It is often difficult and sometimes impossible to perform experiments in economics.
What is economics?
Economics is the study of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are very important in the society.
The fundamental reason because of which, this obstacle come is because it is exceedingly challenging to assert that an occurrence is the result of just one cause in economics, just like in any other social science. In most cases, there are numerous causes, and vice versa, a single cause might result in a number of consequences.
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You want to buy a house and will need to borrow $265,000. the interest rate on your loan is 6.01 percent compounded monthly and the loan is for 20 years. what are your monthly mortgage payments?
$1,900.07 are your monthly mortgage payments. As the interest rate on the loan is 6.01 percent compounded monthly and the loan is for 20 years.
What is interest rate?An interest rate is a fee that a lender assesses to a borrower; it is calculated as a percentage of the principal, or the loaned amount. The annual percentage rate, or APR, is typically used to express the interest rate on a loan.
For instance, a person's repayment to the lender will be $105 if person borrow $100 at 5% interest. Lender will profit by $5. The interestd rate is calculated.
Thus, it is $1,900.07.
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Using the taylor rule, if the current inflation rate equals the target inflation rate and real gdp equals potential gdp, then the federal funds target rate equals the?
Using Taylor's rule, if the current inflation rate equals the target inflation rate and real GDP equals potential GDP, then the target federal funds rate equals the current inflation rate plus the real equilibrium federal funds rate.
Inflation can be defined as an increase in prices, which can be translated as a decrease in purchasing power over time. The rate of decline in people's purchasing power can be reflected in the increase in the average price of a selected basket of goods and services over a period of time. An increase in price, which is often expressed as a percentage, means that one unit of currency is effectively buying less than it did in the previous period. Inflation can be contrasted with deflation, which occurs when prices fall and people's purchasing power increases.
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There is such a wide variety of desired goods and services in a market system because?
Due to the diversity of individual desires, there are many different sought commodities and services in a market economy.
What is a market economy?Any methodical procedure allowing numerous market participants to supply and demand: assisting buyers and sellers in interacting and closing deals—is referred to as a market system (or market ecosystem). It is not simply the price mechanism that surrounds it and enables it to function in a social context; it is also the full system of regulation, qualification, credentials, and clearing. Some writers particularly allude to the free market system when they use the term "market system." This article focuses on the term's broader definition, which holds that there are numerous distinct market systems.
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Although most money market securities are of low risk, they are not risk-free. true false
Although most money market securities are of low risk, they are not risk-free.The statement is true.
What is money market?The money market is referred to as a market that enables short-term investment for the individual. Large quantities of very short-term debt instruments, such as unsecured reserves or commercial paper, are bought and sold in this process.
Money market securities are of low risk as they received protection and safety from the Federal Deposit Insurance Corporation (FDIC) at banks which reflects that funds invested in this market can never lose their worth and seek stability.
Therefore, the statement is True.
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As an example of the expansion of global marketing, oreos can be found in how many countries?
As an example of the expansion of global marketing, Oreos can be found in more than 100 countries
What is global marketing?Selling a product abroad is only one aspect of global marketing. Instead, it encompasses every step of organizing, creating, distributing, and advertising a company's goods on a global scale. With the growth of the Internet, even small firms may now contact customers throughout the globe. Large corporations frequently maintain offices in the foreign nations they market to.
Even if a business decides against going global, it might still have to compete with foreign firms doing so at home. Due to the competition, most businesses now consider having an international presence to be almost necessary.
For goods with widespread consumer demand, like food and automobiles, global marketing is especially crucial. As a result, a beverage firm is more likely to be present in more markets than, for example, a wooden toy company; nevertheless, even a wooden toy company may find niche markets in various parts of the world.
Thus Global Marketing blurs the physical boundaries and helps the sellers to connect to potential buyers.
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Approximate the mean for the following data set. Round your answer to one decimal place.
The mean of the data set in the question is 34.0
How to solve for the meanWe have to find the midpoint of the classes
this would be gotten by the addition of the first and the last numbers divided by 2.
This would be seen in the following way
0 + 11 / 2 = 5.5
12 + 23 / 2 = 17.5
24 + 35 / 2 = 29.5
36 + 47 / 2 = 41.5
48 + 59 / 2 = 53.5
Next we have to multiply the midpoints by the given frequencies in the table
The frequencies * midpoint are
6 * 5.5 = 33
10 * 17.5 = 175
5 * 29.5 = 147.5
14 *41.5 = 581
13 * 53.5 = 695.5
Then the summations of the frequency is
6 + 10 + 5 + 14 + 13 = 48
The summation of the table above would be
33 + 175 + 147.5 + 581 + 695.5 = 1632
The mean would be 1632 / 48 = 34.0
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To communicate to consumers that its products are both healthy and delicious, red mango would use which of the 4 ps?
To communicate to consumers that its products are both healthy and delicious, red mango would use promotion of the 4 P's.
What are the 4 P's?To successfully advertise a good or service, the four Ps are the main factors that must be carefully thought out and put into practice.The marketing mix's four Ps are product, price, promotion, and place.Place is the location where customers find or buy your product.Price is used to describe how much a good or service will cost. Analysis of the market, the supply and demand, the cost of production, and consumer willingness to pay are all important factors in setting a fair price for a product.Depending on the type of business and what they do best, a firm will offer a certain product.Promotion is the term for targeted and considerate advertising that reaches the intended audience for the product.Learn more about marketing mix here:
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In a pure command economy, the prices at which goods and services are sold are planned by the.
In a pure command economy, the prices at which goods and services are sold are planned by the Government .
What is Pure Command Economy ?
There is no private sector in a command economy because all companies are owned by or under the supervision of the central government.
Government officials establish national economic priorities in a command economy, such as when and how to promote economic growth, how to share resources, and how to disperse the produce. Supply and demand factors, which determine what, how much, and at what price goods and services should be produced, are not allowed under a command economy.
Instead, all economic activity are planned, coordinated, and under the direction of a single government, which discourages market competition.
Most nations today do not have a fully-commanding or free-market economy. They have a mix of privately owned businesses and government-run ones (this is called a mixed economy). However, Belarus, Cuba, and North Korea are closest to having command economies.
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The term __________ refers to a sales and operations plan that varies both production and inventory levels in an effort to develop the most effective plan.
The term mixed production plan directs to a sales and operations plan that differs both production and inventory levels to create the most effective plan.
What is mixed production plan?
The result of the production planning process is a document called a production plan that outlines how production processes will be carried out. It outlines the equipment, raw materials, and labor resources that will be required as well as the production schedule that will be adhered to. Production planning is the organisation of the manufacturing and production processes within a business or sector. To service various clients, it makes use of resource allocation for personnel activities, materials, and manufacturing capacity.
Both inventory and staff levels are subject to fluctuate during the planning horizon in a mixed strategy. The "chase" and "level" methods are therefore combined. If the expenses of keeping inventory and adjusting the workforce level are somewhat high, this will be a smart strategy. Typically, aggregate planning is done for a period of 12 months.
Employing temporary labor, letting staff go for a set amount of time, or cross-training personnel are a few examples of aggregate planning. This serves as a useful benchmark for assessing resource use and implementation.
Hence, The term mixed production plan directs to a sales and operations plan that differs both production and inventory levels to create the most effective plan.
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Advertising is geared toward a company's ______, but its overall marketing activities are geared toward its ______.
Although a company's advertising is focused on its target audience, its overall marketing initiatives are directed towards its target market.
Advertising is a type of marketing communication that uses an overtly commercial, impersonal message to sell or promote a good, service, or concept. Businesses who want to advertise their goods or services are often the sponsors of advertising. Public relations and advertising are distinct from one another because in advertising, the message is funded and controlled by the advertiser. Advertising is spread by a variety of mass media, including new media like search results, blogs, social media, websites, or text messaging as well as conventional media like newspapers, magazines, television, radio, outdoor advertising, or direct mail.
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Advertising is geared toward a company's target audience,, but its overall marketing activities are geared toward its target market. Advertising is a marketing strategy that involves paying for advertising space to promote a product, service, or cause. Advertisements, or ads for short, are the real commercial messaging.
The advertising's purpose is to contact those who are most likely to be willing to pay for a company's products or services and persuade them to buy. These are some examples of advertisements: Print advertising includes advertisements in newspapers, periodicals, and brochures, among other things. Broadcast advertising includes television and the radio commercials.
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Regardless of quantity in long-run equilibrium, the industry price cannot exceed the?
An extremely large number of vendors, each of whom makes a comparable or same product, make up a competitive market.
The total of all these unique outputs, which each provider produces as a small portion of the market as a whole, represents the production of that industry.
A market that has just one supplier is considered a monopolist at the other extreme. Examples include the fact that the National Hockey League is the only provider of top-notch professional hockey matches in North America, Hydro Quebec is the province of Quebec's sole electricity supplier, and Via Rail is the only provider of passenger rail services between Windsor, Ontario, and the city of Quebec.
Equilibrium: What Is It?
When market supply and demand are in balance, prices become steady. This is known as equilibrium. In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortfall or under supply raises prices, which decreases demand.
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Select the things are considered psychological influences on the purchase decision process? (select all that apply) multiple select question.
The psychological influences that are known to have an effect on the reason why people carry out purchase decisions are:
Value, beliefs, attitudesLearningWhat is meant by the term purchase decision?The term purchase decision has to do with all of the decisions that are known to affect the ways' that humans would have to carry out the buying and other purchase of goods and services. The purchase decisions may have to do with all that has to do with buying minor goods that are as little as a pair of slippers and the major goods that would require better planning such as the purchase of a house.
Hence we can say that The psychologial influences that are knwon to have an effect on the reason why people carry out purchase decisions are:
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Complete question
Which of the following are considered psychological influences on the purchase decision process? (Check all that apply.)
Value, beliefs, and attitudes
Learning
An increase in inventories will increase which component of gross domestic product?
An increase in inventories will increase the Investment expenditures component of gross domestic product
This is further explained below.
What is the gross domestic product?Generally, The total monetary worth of all completed products and services produced inside a nation over a certain time period is referred to as the country's gross domestic product (GDP).
The GDP gives a snapshot of a country's economy, which may be used to determine the size of an economy as well as its growth rate.
In conclusion, An increase in inventories will result in a rise in the component of gross domestic product that measures investment expenditures.
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The weighted average cost of capital for a firm is also dependent upon the firm's: ________
i. tax rate
ii. interest payment
iii. liquidity ratio
iv. depreciation rate
v. price earning ratio
The weighted average cost of capital for a firm is also dependent upon the firm's: tax rate.
Business capital generally includes financial assets held by a company that can be used to drive growth and build financial stability. Capital and cash are not the same. Capital can be more powerful than cash because it can be used to produce something and generate income (such as investments).
Equity refers to the company's assets and cash. Capital can be cash, machinery, accounts receivable, real estate, or housing. Equity can also reflect the capital acquired in the company or the wealth of the company's owners. Capital is defined as the most significant or serious associated with wealth, the seat of government or the death penalty. Capital examples are the most important qualities employers look for in prospective employees. Quality of capital. An example of capital is an investment. investment.
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A business firm may have to comply with the laws of any jurisdiction in which it actively targets customers. true false
Yes, the statement stands True. A business firm may have to comply with the laws of any jurisdiction in which it actively targets customers. Business law, often known as commercial law or mercantile law, is the body of regulations controlling inter-person interactions in commercial concerns, whether established by convention, agreement, national or international legislation.
In India, company law governs all laws and regulations, from a company's incorporation to its dissolution. It refers to and relates to the legal regulations that govern business and trade in both the public and private sectors.
Business law covers a wide range of topics, including the establishment of new businesses and any problems that can occur during operation. These topics include tax law, contracts, intellectual property, real estate, sales, employment, and more.
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A local sporting goods store offers 30% off the local high school spirit wear during homecoming week.
A local sporting goods store offers 30% off the local high school spirit wear during homecoming week, promotion is the correct answer
The use of promotion as a marketing tool helps suppliers and buyers communicate with one another. By doing this, the vendor seeks to persuade and influence customers to purchase their goods or services. It helps to inform consumers about the company, its goods, and its services.
Marketing promotion is characterised as a kind of interaction between a buyer and a seller in which a buyer persuades his or her audience to purchase the things being offered. The major goals of promotion are to build brand loyalty, interest in the product or service, and sales.
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A $135 petty cash fund has cash of $28 and receipts of $110. the journal entry to replenish the account would include a:________
A $135 petty cash fund has cash of $28 and receipts of $110. the journal entry to replenish the account would include a Credit to cash over and Short of $3.
Cash Over and Short Account is a record in the general ledger. The record stores the sum by which the genuine completion cash balance varies from the outset book equilibrium of money available, give or take any recorded money exchanges during the period.
A firm ought to note occasions of money fluctuations in a solitary, effectively open record. This cash over-account ought to be named a pay proclamation account, not a business ledger because the recorded mistakes can increment or diminish an organization's benefits on its pay explanation.
A Petty Cash Fund is a limited quantity of organization cash, frequently kept closed, to pay for minor or coincidental costs, for example, office supplies or representative repayments.
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It is safe to assume that fraud has not occurred if one or more elements of the fraud triangle cannot be observed. a. true b. false
TRUE, It is safe to assume that fraud has not occurred if one or more elements of the fraud triangle cannot be observed.
A triangle is a polygon with three edges and three vertices. it's far one of the fundamental shapes in geometry. A triangle with vertices A, B, and C is denoted triangle ABC. In Euclidean geometry, any three points, while non-collinear, determine a unique triangle and simultaneously, a completely unique plane.
Triangles are shapes with 3 sides. There are different names for the sorts of triangles. A triangle's type depends at the length of its sides and the size of its angles (corners). There are three styles of triangle based at the period of the perimeters: equilateral, isosceles, and scalene.
In Geometry, a triangle is a 3-sided polygon that consists of 3 edges and 3 vertices. The maximum crucial property of a triangle is that the sum of the internal angles of a triangle is equal to one hundred eighty tiers. This property is known as attitude sum property of triangle.
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the fact that there are only two goods produced in this theoretical economy, when, in reality, economies produce many more types of goods, means this model is generally useless.
the fact that there are only two goods produced in this theoretical economy, when, in reality, economies produce many more types of goods, means this model is generally useless.
This statement is false.
Scientists generally make assumptions in their models to simplify the complex world which they are trying to describe. Making these simplifying assumptions allows the scientists to focus on the most important components of the topic of study.
Economists also make simplifying assumptions in all the economic models in order to focus on the most important economic variables in a any given situation.
In this case, although much of the practical application of the production possibilities frontier model is lost when only two goods are allowed.
This simple PPF model can also be used to model important economic concepts, such as the opportunity cost, efficiency, feasibility, and technological change.
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According to douglas mcgregor, the classical perspective on management was based on __________ assumptions about workers.
According to douglas mcgregor, the classical perspective on management was based on Theory X assumptions about workers.
What is Theory X?
According to Theory X, people despise their jobs, lack motivation, and are hesitant to accept accountability. This presumption leads managers to drive their workforce using a rigorous "carrot and stick" strategy that rewards superior performance and penalizes subpar performance. Theories of human labor motivation and management include Theory X and Theory Y. They were invented by Douglas McGregor in the 1950s while he was a faculty member at the MIT Sloan School of Management, and they underwent further development in the 1960s.
Therefore,
According to douglas mcgregor, the classical perspective on management was based on Theory X assumptions about workers.
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An increase in the price of chicken feed shifts the supply curve for eggs to the left and moves buyers along the demand curve. in the jargon of economics, we have had a change in:____.
In this case, we have had a change in Supply and the quantity demanded.
As the price of chicken feed rise, supply will grow. But demand will drop. In contrast, if the price falls, supply is constrained and demand is increased. According to the law of demand, demand for a good or resource will decrease as its price increases and increase as its price decreases.
According to the law of supply, on the other hand, higher prices tend to increase an economic good's supply while lower ones tend to reduce it.The intersection of the supply and demand curves, which balances supply and demand, is a graphic representation of the market-clearing price.
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Mark each of the following statements, regarding the wto, as true or false. if false, correct the statement. ______ the wto was formed by countries that conduct the majority of international trade.
The statement that the WTO was formed by countries that conduct the majority of international trade is TRUE.
Who formed the World Trade Organization?The World Trade Organization (WTO) was established by 123 nations around the world in 1994 with the signing of the Marrakesh Agreement.
The World Trade Organization was able to become so influential in regulating trade because these 123 nations were the major players in international trade.
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everything a consumer must surrender to obtain the benefits of possessing or using a product is known as
Consumer cost is everything a consumer must surrender to obtain the benefits of possessing or using the product.
Consumer cost is a variable or a concept that entirely encompasses the price of the commodity along with the purchase costs, use costs, and post-use costs. Purchase costs comprise the cost of finding the product, garnering information about it, and the expenses incurred in obtaining the information. Use costs are the costs incurred on goods that require resources. Post-use costs denote the costs for collecting, storing, and disposing of the product once the item has been discarded.
Price is only one component of the total cost a consumer has to endure. The consumer has to cover the additional costs of transportation, usage, and disposal of the product. All these costs together constitute the consumer cost.
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The total income of everyone in the economy adjusted for the level of base year prices is called:_________
It is known as inflation to adjust everyone's total income for the level of prices in the base year.
Inflation measures how much the prices of various goods and services have risen over a period of time usually a year. Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines. A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage. Deflation, which happens when prices fall and buying power rises, can be compared to inflation.
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