Instead of studying, Harvey chooses to play basketball for an hour. She hasn't missed any chances.
What do you mean by "lost opportunity"?
the benefit that you would forfeit if you choose another course of action. also known as the cost of opportunity. The missed opportunity may occasionally be calculated using the lost contribution margin (sales minus the related variable costs).
What factors make opportunity cost important?
We may select the best option from all the available options by using the idea of opportunity cost. It helps us use all of the resources at our disposal in the most intelligent and efficient ways possible in order to maximize financial rewards.
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The benefit enjoyed by a third party that is not directly involved in the production or consumption of a good or service is?
An externality is the benefit enjoyed by a third party that is not directly involved in the production or consumption of a good or service.
Externalities can either be positive or negative;
Positive externalities occur when there is a positive gain on both the private level and social level.
Negative externalities occur when the social costs outweigh the private costs. For example in cases of pollution where an industry may decide to cut costs and increase profits by implementing new operations that are more harmful to the environment.
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Assessing the performance of a firm is more useful if it is evaluated in terms of how it changes over time, ________ with industry norms, and ________ with competitors.
Assessing the performance of a firm is more useful if it is evaluated in terms of how it changes over time, Compared with industry norms, and Compare with key competitors.
What is a key competitor?Your key competitors are the ones who take your customers, even if those companies do not sell the same exact product or service as you do.With competitive analysis, you can discover where your business is doing well, where you need to improve, and which trends you need to get ahead of.Complete a competitive analysis when your company isn’t moving forward as fast as you want or when competitors are securing orders from your ideal customers.A competitive analysis should examine your competitors’ features, market share, pricing, marketing, differentiators, strengths, weaknesses, geography, culture, and customer reviews.This article is for new and established small business owners who want to analyze their competition to improve their products or services.To learn more about Competitive analysis, refer
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John d. rockefeller stands out among nineteenth-century business leaders because of his?
John d. Rockefeller stands out among nineteenth-century business leaders because of his innovative organization called vertical integration.
What is vertical integration?
Vertical integration is a procedure that entails acquiring corporate operations in order to produce the same thing.
When a business chooses vertical integration, they typically have control over some phases of product production and delivery.Vertical integration can also be defined as the union of businesses engaged in the same line of work but at various stages of production or distribution.For instance, because it involves many phases in its business, Amazon might be classified as one of the organizations with vertical integration.In addition to acting as a platform for buyers and sellers, Amazon also has its own distribution network and sells some of its own goods and services.To learn more about vertical integration, visit:
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The state senator was found guilty of ________ when she tried to extort money from an international business that wanted to open a manufacturing plant in her state.
The state senator was found guilty of public action when she tried to extort money from an international business that wanted to open a manufacturing plant in her state.
What is public action ?public action serves as the action that can be performed by those in power which can be a negative action such as extortion, as well as bribery.
It should be noted that this action is wrong under thew law and it is a punishable offence, hence state senator was found guilty of public action when she tried to extort money from an international business that wanted to open a manufacturing plant in her state.
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Identify the environmental factor that is a characteristic of an attractive environment for a business
Low customer bargaining power is a sign of a favorable business climate.
What are the main determinants of the business environment?Environmental elements in business are the circumstances that exist in a workplace. In business, technological, economic, social, political, and cultural factors are the most crucial environmental factors. The business environment is anything that is related to a firm organization. It affects the decisions, strategy, workflow, and performance of the company. Social, technological, economic, legal, and political factors that are outside of the control of the business (STEP) make up the environment. Fuel costs, weather, and natural disasters all have an effect on how quickly things are transported. How you sell your products will be influenced by your product supply. If supplier costs unexpectedly treble as a result of political upheaval abroad, you might need to change your marketing strategy from one that is price-focused.
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All of the following are permitted investments in individual retirement accounts except: _______
a. u.s. minted gold coins
b. u.s. issued securities
c. commodity futures
d. bank certificates of deposit
The correct option is (c) commodity futures
All of the following are permitted investments in individual retirement accounts except commodity futures.
What is an individual retirement account called?A retirement saving account known as an Individual Retirement Account (IRA) is set up with a bank or brokerage company and offers tax advantages to investors who put money away for their retirement. An individual, a self-employed person, or a small business owner can open an IRA.
An IRA, or individual retirement account, is a retirement account that allows you to postpone paying taxes until you withdraw the money. Similar to a 401(k), but with your choice and management of the account as opposed to your employer managing the account.
The best option is a Roth IRA or 401(k) if you're certain that your retirement income will be larger than it is now. A typical IRA or 401(k) is probably your best bet if you anticipate that your income (and tax rate) will be lower in retirement than they are now.
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As marketers embraced the concept of integrated marketing communications, they began asking their ad agencies to rely primarily on media advertising. True or false
As marketers adopted the idea of integrated marketing communications, they started to request from their advertising agency that they integrate the application of diverse range of advertising techniques rather than depending primarily on media advertising. As a result, the claim is FALSE.
Many brands started to explore outside the box of conventional ad agencies and employ multiple types of marketing expertise.
"Integrated Marketing Communications" techniques include:
- build and strengthen connections with clients
- seeks to have all marketing initiatives present a cohesive, consistent picture to the public such as in media advertising
- acknowledges that every engagement across a myriad of touch points is a chance to realize the corporate identity
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Which strategy promotes a successful family presence during invasive procedures and resuscitation?
Strategy that promotes a successful family presence during invasive procedures and resuscitation assign a team member to stay with the family.
More about resuscitation:
Restoring a patient's physiological functions, such as their heartbeat or breathing, during an acute illness is known as resuscitation. It plays a significant role in emergency medicine, trauma surgery, anaesthesia, and intensive care medicine. Cardiopulmonary resuscitation and mouth-to-mouth resuscitation are two prominent examples.
More about invasive procedures:
A procedure is considered invasive if it intentionally or purposefully gains access to the body through an incision, a percutaneous puncture, an instrumentation-only puncture, or a natural opening.
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For some goods and services, the cost of marketing accounts for about half of what the consumer pays for them. True or false
About half of the price consumers pay for various goods and services is attributed to marketing expenses. True
An expense is something that requires paying cash, or fortune in general, to another person or organization in exchange for a good, service, or other kind of cost. Rent is an expense for a tenant. Tuition is an expense for both parents and students. It's common to refer to expenses as things like buying food, clothes, furniture, or a car.
An expense is a sum of money that is "paid" or "remitted," typically in return for something valuable. "Expensive" refers to something that appears to cost a lot of money. A thing is "inexpensive" if it appears to be inexpensive. Dining, refreshments, a feast, and other expenses are referred to as "costs of the table."
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The cost of external equity capital is greater than the cost of retained earnings because of?
The cost of external equity capital is greater than the cost of retained earnings because of floatation cost.
What is a floatation cost?The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to shareholders is known as retained profits. This is the percentage of the company's equity that may be utilized, for example, to fund the purchase of new machinery, research and development, and marketing.
When a corporation issues new shares, it must pay fees known as flotation expenses. New equity is more expensive than existing equity due to flotation costs. Analysts contend that in order to avoid permanently overestimating the cost of capital, flotation costs should be subtracted from future cash flows as a one-time charge. Legal fees, certificate printing fees, registration fees, stock exchange listing fees, and underwriting fees are some of the expenses related to flotation.
In conclusion, the cost of external equity capital is greater than the cost of retained earnings because of floatation cost.
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Rules and regulations enacted by various federal agencies are important to real estate because?
Rules and regulations enacted by various federal agent are crucial to real estate because. A. they are laws passed by Congress.
Why is ruling the most important source of law?The ruling is a powerful source of law. In principle, it ties the whole society. Courts are institutions that use the law on daily basis. Judges and magistrates, like all lawyers, consult legislation and governments of common law and custom using the particular case before them.
Legislation is useful in delivering a framework for governmental action in fields that are either completely new or that were not considered by the standard law to be within the province of governmental action.
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Harry, a wheat farmer, is deciding whether or not to add fertilizer to his crops. If he adds 1 pound of fertilizer per acre, the value of the resulting crops rises from $80 to $100 per acre. According to marginal analysis, harry should add fertilizer if it costs less than.
harry should add $20 per pound
The method of identifying the advantages and disadvantages of various options by looking at the incremental impact on total revenue and total cost caused by a very modest change in the value or input of each alternative (just one unit). Instead of making decisions based on totals or averages, marginal analysis encourages those that focus on small or gradual changes to resources. Examining the costs and possible gains of particular business operations or financial choices is known as marginal analysis. The objective is to ascertain whether the benefits from the change in activity will be great enough to outweigh the costs.
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The annual real estate tax on a duplex house is $20949 and the owner sells the house after 8 months of the tax year. how much of the annual tax will the seller pay? how much will the buyer pay?
The answer is $10,492.50. Overall, homeowners spend the most on property taxes in New Jersey, which has some of the most elevated effective tax rates in the country.
Property Taxes by StateThe state's average practical rate is 2.42% of a home's value, approximated to the national average of 1.07%.
Both the seller and buyer one the duplex for six months per; 1/2 of the year for the seller, and 1/2 for the buyer. Thus, without any other requirements of the purchase agreement, they each equally convey the annual tax bill of
$20,985 / 2 = $10,492.50
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True or false: a ledger provides a chronological record of all transactions affecting the firm.
This is false. A ledger does not provides a chronological record of all transactions affecting the firm.
What is a ledger?This is the term that is used to refer to the book that is used as a collection of accounting activities that are financial in nature.
The financial accounts that are recorded in the ledger are usually recorded as the debit transactions or they are recorded as the debit as the debit transaction.
Hence we can say that This is false. A ledger does not provides a chronological record of all transactions affecting the firm.
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If the money supply for an economy is $3 trillion and the velocity of money is 4.5, then gdp is: __________
The calculated GDP is 13.5 trillion dollars.
Given here the money supply and money velocity is $3 trillion and 4.5 respectively.
GDP can be calculated by the formula ,
GDP = Money supply × Velocity
GDP = 3×4.5
GDP = $13.5 trillion.
The total market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the Gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation because it is a indicator of total domestic production.
Even while GDP is frequently estimated on a yearly basis, it can also be calculated quarterly. GDP is regarded as the "most potent statistical measure of national development and progress in the world." However, opponents of the growth imperative frequently claim that GDP measurements were never meant to gauge development and omit important additional externalities like resource extraction, environmental impact, and unpaid domestic work.
Money exchange rates in an economy are gauged by the term "velocity of money." It is the frequency with which funds are transferred from one entity to another. It also describes the total amount of money spent in a specific time frame.
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To comply with u.s. law, the fcc prohibits broadcasters from airing _____ programming, regardless of the time of day.
The fcc forbids broadcasters from showing indecent programs at any time of day in order to adhere to u.s. law.
The fcc is what?
In the United States, radio, television, wire, satellite, and cable communications are governed by the Federal Communications Commission (FCC), an independent agency of the federal government. Broadband access, fair competition, radio frequency usage, media accountability, public safety, and national security are all still under the FCC's purview.
In order to take over the Federal Radio Commission's responsibilities for radio regulation, the Communications Act of 1934 created the FCC.
Interstate Commerce Commission regulation of wire communications was transferred to the FCC. The 50 states, the District of Columbia, and the territories of the United States are included in the FCC's required jurisdiction.
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Suppose an innovation in meat processing technology makes it possible to produce more hot dogs at a lower cost than ever before.
Assume an innovation in meat processing technology makes it viable to supply more hot dogs at a decreased value than ever before: retaining the call for constant, a rightward shift within the supply will lead to a fall in rate and boom in the number of warm puppies offered in the market. the deliver curve will shift to the right.
The definition of technology is the software of scientific knowledge for realistic purposes or packages. era uses scientific standards and applies them to trade the environment wherein people stay. generation also can use medical standards to strengthen enterprise or other human constructions.
Technology is the application of medical information to the realistic objectives of human existence or, as it's far from time to time phrased, to the alternate and manipulation of the human surroundings. generation affects almost every aspect of 21st century life, from transport efficiency and protection to get the right of entry to food and healthcare, socialization, and productiveness. The strength of the net has enabled international communities to form, and ideas and assets to be shared extra without problems.
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65% of males bought a snack when they rented a DVD and 40% of females bought a snack when they rented a DVD. This is an example where a researcher would:_____.
This is an illustration of how a researcher might check to see if the percentages of two populations differ.
For researchers, this evidences can now be used to determine if there is a difference between the percentages of two (2) populations. By taking a look at it, you can also tell that more men buy snacks when they watch movies in the comfort of their own homes, while fewer women do.
A researcher might want to compare two averages or percentages, and in this case, 65% and 40% are the two percentages.
If you are a marketing researcher who is comparing two groups of individuals or respondents to see if there are statistical and crucial differences between them, you must consider the groups to be two independent populations and in this scenario, you have evidence for male population versus female population.
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Under perfect competition, any profit-maximizing producer faces a market price equal to its?
Under perfect competition, any profit-maximizing producer faces a market price equal to its Marginal cost.
A perfect competition, often referred to as an atomistic market, is defined by various idealizing criteria, which are together referred to as perfect competition, or atomistic competition, in economics, specifically general equilibrium theory.
Any business that seeks to maximize its profits must contend with a market price (P = MC) that is equal to its marginal cost. This suggests that the price of a factor is equal to its marginal revenue product. It enables the supply curve, on which the neoclassical approach is based, to be derived. A monopoly does not have a supply curve for the same reason. Except in very limited circumstances like monopolistic competition, the abandoning of price taking makes it extremely difficult to demonstrate an universal equilibrium.
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A systematic process of ensuring that your firm is returned at or near the top of lists of typical search phrases related to your business is?
Search engine optimization (SEO) is a methodical technique that makes sure your company appears at the top of lists of common search keywords related to your industry or close to it.
What is SEO
Search engine optimization is a method of boosting both the volume and quality of search engine traffic to a website or web page (SEO). SEO emphasises organic traffic over direct or purchased visitors (sometimes called "natural" or "organic" results). Free visitors can be attracted by searching for photographs, videos, news, scholarly publications, and vertical search engines that cater to particular industries. When employed as an online marketing tactic, SEO takes into account a number of variables, such as how search engines function, the computer algorithms that govern how they behave, what people search for, the actual search terms or keywords they enter into search engines, and which search engines their target market prefers.
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Gerry is submitting an application for a sales associate license for the first time. she will need to pay the initial application fees and ____ fee to the dbpr.
In a situation where Gerry is submitting an application for a sales associate license for the first time, she will need to pay the initial application fees and unlicensed activity fee to the DBPR.
What is the significance of application fee?An application fee can be referred to or considered as the fee that is charged to an applicant at the time of making a request for the grant of a license or a document of any kind as such.
In case of payment of application fee for the obtainment of associate license, it is also an obligation for the applicant for the unlicensed activity fee along with the application fee.
Therefore, the significance regarding an application fee has been aforementioned.
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____ is the functional area of business that is responsible for finding the best sources of funds and the best ways to use them.
a. marketing
b. operation
c. production
d. finance
Finance is the functional area of business that is responsible for finding the best sources of funds and the best ways to use them. So the correct option is (d).
What is a Functional area?
Functional area describes a way of segmenting an organization into distinct parts, each of which will act as a fully functional unit carrying out the specified functions. This means that a segmented unit like this accomplishes a specific organizational goal that can be distinguished from the role of other segments. The human resource department, a division within the organization that is divided from other functional areas by the particular obligations that are distinctive to just the human resource department, is an example of such a division within an organization.
Therefore correct answer is (d).
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The key question examined by strategic management is ________
The key question examined by strategic management is: Why do some succeed. The correct option is B.
The Strategic management is the procedure of planning, application, and analyzing strategies in order to achieve the long-term objectives and goals of an organization.
It involves analyzing the overall factors internal and external environment, planning and taking decisions, and then doing allocation of resources to put the organization in a competitive and sustainable position.
The strategic management monitors and assess the progress and effectiveness of the question that why do some succeed.
Thus, the ideal selection is option B.
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The complete question might be:
The key question examined by strategic management is ________ select one: a. why do some firms fail?
b. Why do some succeed?
While developing a quality business idea, what should potential business founders ideally do after evaluating their personal skill sets?
The potential business founders should ideally do after generally and actually evaluating their personal skill sets Carefully analyze the market and look for a gap.
What is an Business Idea?A business idea is an idea that can be utilized for monetary profit that is generally fixated on an item or administration that can be presented for cash.
An idea is the main achievement during the time spent building an effective business. A business idea is frequently connected to maker necessities to distinguish the business' offer to send off to showcase and lay out upper hand. A business idea is the primary flash of Business.
For businesses, this could mean: making novel ideas, new item advancement through innovative work, or working on existing administrations. Development can be the focal point of a business and this can assist them with developing and become a market chief in the event that they execute their ideas appropriately. Businesses that are centered around advancement are normally more proficient, financially savvy, and useful.
Therefore Effective development ought to be incorporated into the business system, where you can make a culture of development and drive forward innovative critical thinking.
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People with both the desire and ability to buy a specific offering are referred to as group of? a customer base. a market. qualified prospects. candidates.
People with both the desire and ability to buy a specific offering are referred to as group of: a market.
What is market?Market can be defined as the place for the exchange of goods and service in which buyer buy things for a seller in exchange for a product while the seller receive money in exchange for the goods they sold to the buyer.
Group of a market is the place for potential customers who has the desire and the ability to by promotional offers that was market to them.
Therefore People with both the desire and ability to buy a specific offering are referred to as group of: a market.
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The passage of _____ made it clear that organizations had to find ways to hire, reward, and manage people effectively within the limits of the law.
The passage of "Title VII of the Civil Rights Act of 1964" made it clear that organizations had to find ways to hire, reward,
What are civil rights?The American Civil Rights Act of 1964 and therefore the Americans with Disabilities Act of 1990 are two examples of federal legislation that guarantee and defend the personal rights which are called civil rights. The U.S. Constitution also guarantees and protects civil rights. Protection against illegal discrimination may be a component of civil rights.The passage of Title VII of the Civil Rights Act of 1964 made it clear that organizations had to seek out ways to hire, reward, and manage people effectively within the bounds of the law.
Why was 1964 Civil Rights Act passed?
Addressing a joint session of Congress just after Kennedy's death, Johnson urged members of Congress to honor Kennedy's memory by passing a civil rights bill to finish racial discrimination and segregation in public accommodations, public education, and federally assisted programs.
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A component of the general learning model applied to skill development in leadership is?
Leadership involves a variety of significant qualities and is the capacity to consistently influence a group of people. Getting feedback on how well you are using your talents from other people is a part of the general learning paradigm applied to leadership skills. Legal facets of relationships are addressed by the notion of leadership as a partnership.
Leadership concepts are things that leaders take into account when using a particular leadership approach and managing a group of people. These principles are centered on concepts and beliefs about the qualities leaders ought to possess and how they ought to behave in a leadership capacity. Professionals can better grasp what talents and character qualities to cultivate in order to advance in leadership jobs by using leadership principles.
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The major market index option contract is? i traded on the amex ii traded on the cboe iii broad based iv narrow based
The Major Market Index option contract is traded on the amex and is broad based.
So, in case of major market index option contract both option i and iii are correct.
The bank gives $14,250 to Jones Company in exchange for them signing a $15,000, 12-month note. The business must make a $750 deduction to its discount on notes payable on the day Jones signs the note.
A liability account that is recorded in a company's general ledger is called notes payable. It is the place when borrowers formally commit themselves to paying back lenders. On the other hand, the lender would note this identical written guarantee in their account for notes receivable. A note payable account must be added in addition to an interest payable account if a business employs the accrual method of accounting. This is due to the fact that a promissory note entails the borrower paying interest, which results in an additional interest cost.
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The after closing balance in a revenue account will always be zero. this statement is:________
The after-closing balance in a revenue account will always be zero. this statement is True
This is further explained below.
What is a revenue account?Generally, The amount in a revenue account is moved during the closing process from the income statement into the retained earnings account, leaving a balance at the end of the revenue account of zero.
This leaves an opening balance in the retained earnings account. Because the ending balance of one period becomes the starting balance of the following period,
In conclusion, The beginning balance of a revenue account will likewise be zero at the beginning of the period.
An after balance in an income statement will always be zero. This assertion is indeed correct.
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a is a group of related projects designed to accomplish a common goal over an extended period of time.
Program is a group of related projects designed to accomplish a common goal over an extended period of time.
A program is a cluster of related projects which are managed in a coordinated manner so that they could be executed simultaneously and share other resources, activities as well as stakeholders.
Program management is a strategic management approach used in order to execute and control multiple related projects. The goal of the program management is to drive benefits to the entire program only by sharing project resources, costs and other project activities.
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