How do distributions of income and wealth reveal the way power is distributed in a society?

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Answer 1
Distributions of income and wealth reveal how power is distributed in society because usually those in the top income bracket control society in all its aspects including banks and other financial institutions, news media  politics so that the rich people control society such as in our western capitalist countries despite the facade of democracy. In a socialist society on the  other hand, money is distributed equitably amongst the vast majority of the people to meet their basic needs for health and medicine, education, food and clothing and shelter first and foremost.

Related Questions

Which of the following would be a helpful tool to help nations, communities, and families compensate for scarcity while trying to get what they wanted and needed

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A budget allows nations, communities, and families to ensure they have what they need while accounting for scarcity. A budget allows one to take scarcity into account and to prioritize what is wanted and needed, and to allocate money or resources in a way that reflects these priorities.

a private club registration permit authorizes alcoholic beverages belonging to members of the club to be

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The permit authorizes the alcoholic beverages to be:
1. stored, mixed and possessed on the club premises and
2. Served for on-premise consumption only to members of the club and their family members and guests. 
These regulations are for private club registration for alcoholic handling. Applicants are subjected to annual fees payment. 

Which type of account has a normal credit balance?
a. withdrawals
b. assets
c. expenses
d. revenues?

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d. revenues is right
Final answer:

In accounting, the type of account with a normal credit balance is revenues. This means that when the company earns income, it's recorded as a credit in the revenue account. Other accounts with normal credit balances are liabilities and equity.

Explanation:

In accounting, different types of accounts have different normal balances. A normal balance refers to the side (debit or credit) of an account where you usually increase the balance. The type of account that typically has a normal credit balance is revenues (option d). Whenever a company earns income, it is recorded as a credit in the revenues account. The idea behind this is that credit balances in revenue accounts indicate earnings, while debit balances represent expenses or losses. Other types of accounts that also have a normal credit balance include liabilities and equity.

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Would it ever be rational for a firm to borrow money in order to pay dividends

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yes it would be rational especially if the firm regularly pays out the dividends

Pavel is using the story line approach in his presentation. he says that the coffee shop chain he works for faces the challenge of improving its customer service orientation. after describing a sandwich chain that is similar to his company in size and target market, he explains the specific approach to training that the sandwich chain implemented in order to improve customer service. what aspect of a business story does his explanation about the training program represent

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The answer to this question is a business resolution. A business resolution is also known as a corporate resolution which means the business or company’s solution to a problem in the company. A business resolution was being decided by board of directors of the company which they have agreed and voted. 

In ancient Greece, a group of people living together with the common purpose of taking care of each other through economic activity was called a

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In ancient Greece, a group of people living together with the common purpose of taking care of each other through economic activity was called a community. This community was group of folks who are living together and share common interests three centuries before the classical age, between 800 B.C. and 500 B.C
The group consists of people who are like minded, but still individuals. 

Now that you have made the necessary product adjustments, what will you do next

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During the product adjustment, you made several changes to the product in order to obtain more customer satisfaction so you will keep them as loyal customers.
After making the adjustment, the thing that you should do is inform the brand new features of the product so the potential customers become aware of it.

Naomi is preparing the company’s cash budget. when preparing the cash receipts section, she included cash sales, receipts of interest, receipts of dividends, and proceeds from planned sales of plant assets. what error did naomi make? will cash receipts be too high or too low as a result of this m

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The error of Naomi is that she included the receipts of interest, receipts of dividends, and proceeds from planned sales of plant assets in the cash receipts section. This section would only include the cash sales and collection of accounts receivable with the forecasted sales per month of the company. As a result of this error, the cash receipts would be too high. 

Which gramm-leach-bliley act rule requires federal bank regulatory agencies, the sec, and the ftc to issue security standards for the institutions that they regulate?

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The answer is SAFEGUARD RULE. Safeguard rule requires financial institutions to develop written security information plan that list out in details the plans of the bank to protect and to maintain protection of the customers' non-public information.

When team members experience conflict because they are trying to make sense of competing ideas about how the team should work, they are in the storming stage of team development?

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The statement above is TRUE. Team development is divided into five distinct stages which are: forming, storming, norming, performing and adjoining. The storming stage is the stage where team members bring their divergent ideas to the table about how the team should work. Conflicts usually arise during this period and it is the least productive stage of the team development. 

The net income of edwards corporation amounted to $74,000 for this year. the beginning balance ofâ stockholders' equity was $31,000 and the ending balance was $72,000. the company issued no common stock during the year. what was the amount of dividends distributed during theâ year?

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We can calculate the dividends issued by adding the beginning inventory and the net income less the ending inventory.Thus,
dividends= net income+beginning inventory-ending inventory
where
net income=$74,000
beginning inventory=$31,000
ending inventory =$72,000
substituting the values, we wil get
dividends=$33,000
Edwards corporation will issue dividends amounting to $33,000.

The dishonor of an instrument relieves secondary parties of liability.
a. True
b. False

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Yes it is true that the dishonor of an instrument relives secondary parties of liability.

Charger company's most recent balance sheet reports total assets of $28,892,000, total liabilities of $16,492,000 and total equity of $12,400,000. the debt to equity ratio for the period is (rounded to two decimals):

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I would say that since the debt to equity ratio is the total liabilities divided by the total stockholder's equity is then $16,492,000/$12,400,000= 1.33. The debt to equity ratio is an indication of the amount of debt being used by a company to provide money to its assets relative to the amount of shareholder's equity.

According to the theory of comparative​ advantage, trade and specialization​ ________ productivity by​ ________ opportunity costs.

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According to the theory of comparative advantage, trade and specialization Raise productivity by lowering opportunity cost.
According to this theory, focussing on something that does not give the company in a competitive advantage will only wasting up resource because they simply compete with the companies who have the competitive advantages.

The theory of comparative advantage suggests that trade and specialization raise productivity by minimizing opportunity costs, explaining why countries participate in international trade.

According to the theory of comparative advantage, trade and specialization increase productivity by lowering opportunity costs. The theory explains why countries engage in international trade. Every trading country can benefit, due to the reduced opportunity costs. For example, if Country A specializes in producing good 1 with less resources than Country B, while Country B specializes in producing good 2 with less resources than Country A, then Country A should focus on producing good 1 and Country B should focus on producing good 2. This allows both countries to consume a combination of goods that would be impossible to consume in the absence of trade.

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Of the 4,092 pedestrian fatalities nationwide in 2009, __________ were Floridians. A. 2% B. 11% C. 19% D. 22%

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Of the 4,092 pedestrian fatalities nationwide in 2009, 11% of them were Floridians
In 2009, Florida has around 466 pedestrian fatalities, the second highest in United States.  The most common cause for this huge numbers is mostly related to alcohol abuse among drivers

_____ is a cost that relates to all errors not detected and not corrected before delivery to the customer.

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External failure is a cost that relates to all errors not detected and therefore not corrected upon delivery to the customer.

Sandy's sauces, which produces stirminus fry âsauces, is developing direct material standards. each bottle of sauce requires 0.51 kilograms of base. the allowance for waste is 0.5 kilograms perâ bottle, while the allowance for rejects is 0.4 kilograms per bottle. what is the standard quantity of base perâ bottle

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The standard quantity of base to be used for the sauce manufactured by Sandy's can be calculated by summing up all the given quantities. Mathematically, this can be expressed as,

              Q = standard amount + allowance for waste + allowance for rejects

Substituting the known values from the given,

 
                 Q = 0.51 kg + 0.5 kg + 0.4 kg
                        Q = 1.41 kg

Therefore, Sandy's sauces should be able to quantify the amount of base needed for the systems and the answer to this item is equal to 1.41 kg. 

Jim is 50 and wants to buy $250,000 of life insurance. find the annual cost for whole life insurance.

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If you are planning to have a 20 – year length of life insurance with the amount of $250000, then you will have an annual cost of $42.58. This rate is based on the premium rates of most of the life insurance carrier. The amount will also matter if you are healthy or has already several records of illness. 

The primary explanation of trade among nations is ricardo's theory of:

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Nations trade because of the comparative advantage that exists between them. That is, countries have different factor endowments and technological progress. As such, if a country can produce a certain good at a relatively lower autarky price or opportunity cost than other goods, better than other countries, it uses it to exchange for goods produced at better levels in other countries. 

Bell inc. took a physical inventory at the end of the year and determined that $780,000 of goods were on hand. in addition, bell, inc. determined that $60,000 of goods that were in transit that were shipped f.o.b. shipping point were actually received two days after the inventory count and that the company had $90,000 of goods out on consignment. what amount should bell report as inventory at the end of the year?

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Their complete inventory involves all three "locations" of goods: those in their warehouse, those in transit (i.e. those that simply had not arrived in time for the inventory) and those on consignment -- loaned to others, whose value still belongs to Bell Inc. Simple addition of these three together yields $980,000 worth of total goods in their possession.

"The amount that Bell Inc. should report as inventory at the end of the year is $870,000.

To determine the correct amount to report as inventory, we need to consider the goods on hand, the goods in transit, and the goods out on consignment.

1. Goods on hand: This is the value of the inventory physically counted at the company's premises at the end of the year. According to the information provided, this amount is $780,000.

2. Goods in transit: These are goods that have been shipped but not yet received at the company's premises. The treatment of goods in transit depends on the shipping terms. In this case, the goods were shipped F.O.B. (Free On Board) shipping point, which means the ownership of the goods transfers to the buyer at the point of shipment, and the buyer (Bell Inc.) bears the risk of loss during transit. Since the goods were received two days after the inventory count, they should be included in the inventory as they were owned by Bell Inc. at the year-end. The value of these goods is $60,000.

3. Goods out on consignment: These are goods that are in the possession of another party (the consignee) but are still owned by the company (the consignor). Since Bell Inc. retains ownership of these goods, they should be included in the company's inventory. The value of the goods out on consignment is $90,000.

Adding these amounts together, we get:

Inventory at the end of the year = Goods on hand + Goods in transit + Goods out on consignment

Inventory at the end of the year = $780,000 + $60,000 + $90,000

Inventory at the end of the year = $870,000 + $60,000

Inventory at the end of the year = $930,000

However, upon reviewing the calculation, it appears there was an error. The correct calculation should not add the $60,000 of goods in transit twice. The correct inventory amount is obtained by adding the goods on hand, the goods in transit, and the goods out on consignment only once:

Inventory at the end of the year = Goods on hand + Goods in transit + Goods out on consignment

Inventory at the end of the year = $780,000 + $60,000 + $90,000

Inventory at the end of the year = $870,000

Therefore, Bell Inc. should report $870,000 as the inventory at the end of the year."

What strategies should they use to research and purchase a used car and other high dollar items such as furniture?

Answers

The following strategies can be employed to buy high dollar item:
1. Buy during promotional period: during this time, the price will be lower for the same quality. 
2. Buy from a reputable store: in order to ensure that you are buying quality product; reputable stores guards their reputations jealously and so usually offer quality products that reinforce their customers' trust.
3. Priority placement: the type of product one will buy depend on the amount of money that is available. Thus, consideration has to be made in order to choose the type of brand or product that tally with the amount of money one have.
4. One should also have an understanding of the services that one is entitled to after buying the product.

Allstar sporting goods, a national retail chain, has a system that provides a continuous flow of information about such things as distribution costs, prices, sales, and advertising expenses. this is called a

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It is called a marketing information system. It is because a marketing information system is the one responsible for supporting decision making in terms of the marketing field. It manages the informational needs that are needed in the market and those are found above which are the things being provided and distributed.

Six months ago, several of molly's friends joined the trimtime fitness center. each of them participated in trimtime's weight-reduction and fitness regimen. all reported substantial weight reduction, and all are visibly slimmer. molly is convinced. she joins trimtime and enrolls in the same program, hoping and expecting to see the same results. she is especially delighted to learn that trimtime had adjusted its program to make it even more effective in a shorter period of time. is this an analogical argument or a generalization?

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The given scenario above is an example of a generalization. Generalization is a process by which one makes a conclusion or a decision based on the result of some specific cases pertaining to the same scenario. This is an example of inductive reasoning by which bits of details are woven together to make a sound conclusion. 

James has just joined coratech systems, where he has been assigned to paul and natalie for sources of information about the company. paul and natalie introduce james to others at coratech, give him an office tour, and assure him that they will meet him regularly for the first few weeks, to help him in the transition to the new company. in this scenario, paul and natalie are part of the coratech's _____.

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The appropriate response is buddy system. A few associations depend on a "buddy system," whereby newcomers are allocated to colleagues for wellsprings of data and social help. Mates acquaint new contracts with different representatives, give them grounds visits, and for the most part acclimate them with the physical format of the work environment. They eat with workers on their first day and meet week by week with them for their first two months.

A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. the balance of accounts receivable can be obtained from the? _

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The balance of account receivable can be obtained from the cash receipts from customers. Account receivable refers to the money paid to the company as a result of the service they render or the products sold. Account receivable on the balance sheet refers to the invoices which a company has sent to its customers and it is recorded as an asset. 

Zingz is a soft drink that is widely distributed across cities. it is available at gas stations, department stores, and vending machines. consumers buy the soft drink without much thought or effort. zingz is an example of a _____.â

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Zings is an example of a convenience product. It has the ability to persuade consumers from buying a certain product without giving much thought and to make them buy it. The convenience product also enables to attract target markets which could take up a large amount, which makes the products that are being sold with it are being purchase usually.

Problem statements in business reports are most effective when their matter-of-fact tone downplays the urgency of the problems.

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The statement above is FALSE.
Problem statements in business reports must state the situation of things exactly the way they are. If there is a need to make an urgent move, then this should be made known using words that precisely state how urgent the situation is.

A computerized inventory system that simulates needed materials requirements for the finishedâ product, and then compares production needs to available inventory balances to determine when orders should be placed is theâ ________.

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A computerized inventory system that simulates needed materials requirements for the finished a product, and then compares production needs to available inventory balances to determine when orders should be placed is the ________.

materials requirement planning system

A materials requirement planning system is the computerized inventory system that simulates needed the materials requirements for the finished product.

What is a materials requirement planning system?

This is an inventory tool used in the production process that requires the analyses of current inventory levels and production capacity.

This tool helps to understand the need to manufacture goods based on forecasts.

Therefore, the materials requirement planning system is correct.

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Rick is in his early sixties. a few years ago he had planned to retire by the time he was sixty, but when the time came, he decided to continue working. in fact, not only is rick still working, he has no intention of retiring or setting a time when retirement might occur. rick's decision to keep working into his late sixties is unusual in today's labor market.

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This "rick" you speak of, seems like a pretty cool guy. i wish i was rick

Smythe industrials has been in business 50 using the same manufacturing model. the company management is considering changing to a lean production and just-in-time (jit) manufacturing process. what would be the advantage of changing its manufacturing systems

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The upside of changing its assembling frameworks is to enhanced item quality and lessened preparing time. 
JIT and the lean maker has numerous bene±ts including enhanced item quality and diminished handling time, and decreased waste and stock, bring down work and generation costs, and expanded assembling adaptability.
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