What is the difference between accounting profits and economic profits? which of the two concepts is more appropriate for explaining decisions made by entrepreneurs? explain?

Answers

Answer 1
economic profits. An entrepreneur is more interested in economic profits

Related Questions

Steve has a new job as a data warehouse specialist. he has attended formal classes at the local university and informal classes provided by his employer in order to learn the skills required by his new job. steve also has learned job skills by performing them during the workday. steve has experienced a(n) ________

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The fact that Steve has attended classes provided by his employer to learn the skilss he needs in the work process and the fact that he gained practical experience and learned job skills during the workday, means that Steve has experienced an apprentice training program. Apprentice training program is a combination of on-the-job training (OJT) and related trainings in a classroom.

Assume the price elasticity of demand for great fit shoe co. shoes is 2.5. if the company decreases the price of each pair of shoes, total revenue will

Answers

the price elasticity of demand for great fit shoe co. shoes is 2.5
company decreases the price of each pair of shoes
total revenue will=?
The answer is that the total revenue will increase and the reason is this that the percentage increase in the number sold is greater than the percentage decrease in the price.

Final answer:

With a price elasticity of 2.5, if Great Fit Shoe Co. decreases the price of shoes, their total revenue will increase due to a proportionately larger rise in quantity demanded.

Explanation:

The price elasticity of demand for Great Fit Shoe Co. shoes is 2.5, which indicates the demand is elastic. This means that the percentage change in quantity demanded is greater than the percentage change in price. When the company decreases the price of each pair of shoes, the total revenue will increase. This is because a decrease in price at this level of elasticity will result in a proportionally larger increase in quantity demanded, so much so that it more than offsets the price reduction, leading to an increase in total revenue.

Why do economists study the money supply? Be sure to mention liquidity in your response.

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The money supply is the total amount of money available in an economy at any given time. It's important to study this supply so that we can understand how accessible money is in our system. Because money can exist in different forms and in different kinds of accounts, it can be more or less liquid.
Economists measure the money supply because it's directly connected to the activity of taking place all around us in the economy world.the M1 is the narrowest definition of money. M1 consists of coins and currency, checking accounts and traveler's checks.

References are typically included on a résumé. Please select the best answer from the choices provided T F

Answers

Answer:

False

Explanation:

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_____ takes the position that because conformity cannot be taken for granted, nonconformity is to be expected when social regulations are less than completely effective.

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CONTROL THEORY takes the position that because conformity cannot be taken for granted, nonconformity is to be expected when social regulations are less than completely effective

Gross domestic product
a. does not include transfer payments or financial transactions.
b. only includes​ "final" goods and services to avoid double counting.
c. does not include the transfer of​ second-hand goods.
d. all of the above.

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Gross Domestic Product (GDP) of a country is the total market value of all the finished products in that country. It is calculated on an annual basis but can be calculated on quarterly basis also. It acts as an indicator of the growth of economy of a country.
GDP includes only final goods and services. It does not include the second hand products, transfer payments and financial transactions.

Answer: (d) ALL OF THE ABOVE

The legal documents that identify the basic agreements between partners are called:

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articles of partnership

Which term identifies the occurrence of the system denying access to someone who is actually authorized?

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False negative is the term identifies the occurrence of the system denying access to someone who is actually authorized. It is the inability of a network device to detect real security events under circumstances.  Therefore, not detecting or alerted by any malicious activities. 

Southeast asian countries export a large portion of their palm oil production, sending much of it to which areas?

Answers

Final answer:

Southeast Asian countries export a large portion of their palm oil to high-demand regions like India, China, and the European Union. The industry has significant environmental implications due to the effect of plantations on biodiversity. Malaysia's strategic location has made it a key player in palm oil exports.

Explanation:

Southeast Asian countries, particularly leading producers such as Malaysia and Indonesia, export a significant portion of their palm oil production. Much of this palm oil is exported to areas with high demand for vegetable oil and biofuels, which includes countries such as India, China, and members of the European Union. These regions rely on Southeast Asian palm oil for its versatile use in the food industry and its renewable potential as a biofuel, despite environmental concerns over the expansion of oil palm plantations.

Malaysia has especially optimized its export capability by capitalizing on its strategic location along major shipping routes, thus becoming a leader in palm oil exportation. This has been a part of the country's broader shift to manufacturing and the development of its agricultural and extractive sectors that began in the 1980s and 1990s.

The global demand for palm oil continues to drive the expansion of oil palm plantations in Southeast Asia, which in turn has significant implications for biodiversity due to the replacement of native forest habitats, as seen in places like Sabah province in Borneo, Malaysia.

History what was the previous name of the shipping company, whose ferry sank off the coast of papua new guinea on february 2, 2012?

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The name of the shipping company whose ferry sank in February 2, 2012 off the Pappua coast is RABAUL SHIPPING.
The ship was a passenger ferry, which was built in Japan in 1983 and was taken to New guinea in 1998. The ship was carrying about 500 passengers and it was only about half of them who were rescued.

Mike and tom debone chicken breasts for ted's chicken co. mike is new and can only debone 30 chicken breasts per hour by hand, while tom's experience allows him to debone 60 chicken breasts per hour by hand. ted buys one new machine that can debone 100 chicken breasts per hour. both mike and tom work the same 40 hours per week, but one of them is assigned to operate the machine instead of deboning the chicken breasts by hand. to obtain maximum average hourly productivity, ______ is assigned to use the machine and their combined average hourly productivity as a team is ______ chicken breasts

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Mike is assigned to the machine as he is the least efficient producer. After getting the machine, the team debones 160 chicken breasts per hour (Mike deboned 100 and Tom deboned 60), average hourly productivity=80

A suffix is added to the ______ of a word to alter its meaning. A. end B. beginning C. middle D. none of the above

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a is the answer hope this helps

I think a suffix is added to the end of a word to alter its meaning. 

Is it acceptable for a food handler to rinse hands in the sanitizing compartment of the three compartment sink?

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Yes, it is acceptable for a food handler to rinse their hands in the sanitizing compartment. 
Final answer:

No, it's not acceptable for a food handler to rinse hands in the sanitizing compartment of a sink. Proper handwashing separate from sanitization of cooking tools and utensils is important for public health.

Explanation:

No, it is not acceptable for a food handler to rinse hands in the sanitizing compartment of the three-compartment sink. The main purpose of these sinks is to wash, rinse, and sanitize utensils or dishes, not for handwashing. Handwashing is a critical aspect of public health and should always be conducted in a designated sink, using soap, and following a recommended process.

The Centers for Disease Control and Prevention (CDC) outlines specific scenarios for when to wash hands. In a food handling context, hands should be washed before, during and after handling food. Sanitization, on the other hand, refers to reducing microbes on inanimate surfaces to safe levels to maintain public health. This does not replace the need for proper handwashing.

Food handlers should wash their hands under running water, scrub with soap for at least 20 seconds, rinse well, and then dry their hands with a clean towel or air dry them.

Learn more about Handwashing here:

https://brainly.com/question/5343238

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Nominal gdp is: question 31 options:
a.the inflation-adjusted gdp.
b.the constant-dollar gdp.
c.the real gdp minus depreciation.
d.the current-dollar gdp.

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the answer is probably d. the current-dollar gdp

How can you help stay motivated to continue working out after p.e. ends?

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You can help stay motivated once P.E. ends by finding a form of exercise that you enjoy. It can be running, walking, swimming, dance, or any sport. It would be a good idea to try out numerous variations of exercise and see which one you like best. If you like the type of work out you regularly do, you will be more motivated to continue doing it.

Answer:

all of the above

Explanation:

____ contracts reduce the risk of incurring higher costs than expected.

Answers

Insurance is the right answer. When there is a risk of incurring in higher cost than cannot be controlled, an insurance could compensate this hypothetical costs in exchange of paying a premium, the fixed amount of money payed to the insurer.

A sailboat cost $35000. you pay 20% down and amortize the rest with equal monthly payments over a 12 year period. if you must pay 8.75% compounded monthly. what is your monthly payment

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Total cost = $35,000
Down payment = 20% of $35,000 = $7,000

P = 35,000 - $7,000 = $28,000, the amount of the loan.
r = 8.75% = 0.0875, the interest rate
n = 12, compoundings per year
t = 12, the nmber of years

Note that
1 + r/n = 1.007292
nt = 144
The value of the loan is
A = P*1.007292¹⁴⁴ = $79,709.99

Monthly payment = $79,709.99/144 = $553.54

Answer: $553.54


When Lisa purchased her house, the mortgage lender required her homeowner's insurance to cover 100% of the loan amount. After many years, Lisa paid off her mortgage. If Lisa decided to comparison shop for homeowner's insurance now, what should the insurance coverage amount be based on…

Answers

appraised value of the house

The lengthy process by which a job is examined in detail in order to identify the skills, knowledge and behaviors necessary to perform the job is known as a

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Its known as a job analysis.

Samuel applied for a loan to purchase a new car. his application was denied. what should he do now?

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In a situation in which Samuel's application for a loan to purchase a new car was denied, he can do several things:
1. Ask why he was denied. What thing lead to this situation?
2. If he made a mistake in the application, he should correct it.
3. And if not , for example if the denial is due to poor credit report, Samuel should get a free copy of his report from any of three major credit reporting agencies and get a second opinion.
4. And finally if this also does not work he should apply for a new loan.

One characteristic that is important to consider in social network theory is reciprocity of relationships

Answers

The answer to this statement is true. It is because reciprocity is one of the characteristics that are needed to be considered in social network theory. The other characteristics that are also needed to be considered are the following; density, formality, complexity, homogeneity, intensity and geographic dispersion.

Which kind of unemployment would be easiest to tolerate?

Answers

Frictional unemployment, because it does not last longer than the other types of unemployment. Give a thanks. ♥☺

Final answer:

There are three types of unemployment: cyclical, frictional, and structural. Cyclical unemployment occurs during economic downturns, frictional unemployment involves people searching for new jobs, and structural unemployment is caused by a mismatch between skills and job opportunities. The desirability of each type depends on the context.

Explanation:

There are different types of unemployment, each with its own characteristics and impact. The three main types of unemployment are cyclical, frictional, and structural unemployment.

Cyclical unemployment: This type of unemployment is caused by downturns in the business cycle, such as recessions. It is temporary and occurs when there is a lack of demand for goods and services, leading to layoffs. For example, the landscapers and coal miners laid off during a recession experience cyclical unemployment.

Frictional unemployment: Frictional unemployment occurs when people are in-between jobs or searching for new job opportunities. It is temporary and can happen even in a healthy economy. An example of frictional unemployment is the financial analyst who quits their job in Chicago and is pursuing similar work in Arizona.

Structural unemployment: Structural unemployment is caused by a mismatch between the skills and qualifications of workers and the available job opportunities. It is usually long-term and can occur due to technological advancements or changes in the structure of the economy. The printers laid off due to the shift to online advertising and the factory workers laid off as plants move to other countries experience structural unemployment.

The desirability or undesirability of each type of unemployment depends on the context and perspective. Cyclical unemployment is generally considered undesirable as it reflects a downturn in the economy. Frictional unemployment is seen as a normal part of the job market and can be seen as a positive sign of workers searching for better opportunities. Structural unemployment can be undesirable as it often leads to long-term job loss and requires policy interventions to address.

Sanctions are a type of trade restriction that is ineffective in forcing change in other countries.

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The answer to this question is False. Sanctions do not only rarely achieve their goal of forcing change in the targeted country, but they also tend to produce collateral economic damage in the nations that do apply them.

What are ethics? how would they apply to business and technology?

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Ethics are personal codes you live by, such as you won't discriminate against someone by means of age, sex or race. They would imply in a business environment and the tech field as. being the owner of a company you want your employees to share your same ethic code, what you expect of them to not lie, steal or cheat. Etc.  

Two lawyers are arguing against each other in court. the first, ms. smith, tries to persuade the jury with logical, relevant arguments. the second, mr. henderson, tries to persuade the jury by looking attractive and wearing an expensive suit. ms. smith is trying to use the __________ route to persuasion, while mr. henderson is trying to use the __________ route.

Answers

Final answer:

Ms. Smith is using the central route to persuasion while Mr. Henderson is using the peripheral route.

Explanation:

The first lawyer, Ms. Smith, is using the central route to persuasion by presenting logical and relevant arguments to persuade the jury. The central route relies on using data and facts to convince people of an argument's worthiness. On the other hand, Mr. Henderson is using the peripheral route to persuasion by trying to persuade the jury through superficial factors such as his appearance and expensive suit. This route focuses on non-logical factors to influence people's attitudes and behaviors.

Elvira is using the rational model of decision making. the alternative that she chose and implemented does not appear to be working. to correct the situation, elvira should consider

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When a manager makes a decision based on the strong beliefs she already has, ... The rational model of decision making assumes that managers will choose the ... If a chosen alternative is implemented and it does not appear to be working, ... In time-critical situations, satisficing may be a good approach to decision making.

Final answer:

Elvira should reflect on the situation and re-evaluate her decision, refine her selection with the new information, and ensure her decision criteria were correctly established early in the process to avoid biases.

Explanation:

Elvira is utilizing the rational model of decision making, an approach that is structured and sequential, designed to ensure informed and well-thought-out decisions. If an alternative she selected is not yielding the desired results, the model suggests she should enter into a phase of reflection and evaluation. This involves re-examining the decision criteria, considering new information, learning from what has not worked, and then refining the list of alternatives. This refinement process results in a better-fitting solution being chosen, one that takes into account the lessons learned from the initial failure.

Elvira should also guard against falling in love with an option to the exclusion of important criteria, ensuring that all alternatives are considered. It is vital to establish decision criteria early in the process and to keep an open mind to generate a wide range of possible solutions.

While the rational model aims for optimal decision making, in practice, officials and individuals may resort to trial and error, or muddling through. The availability of too much information or a lack of time can lead to simplifying the process and choosing the first acceptable option, termed bounded rationality.

What makes e-mail different from other forms of business communication?

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Final answer:

E-mail differs from other business communications due to its flexibility, informal-formal balance, and ability to immediately share information. As a representation of the individual and the company, business e-mails must display professionalism, attention to detail, and appropriate formality. It is a dominant form of interaction in the modern workplace, underscoring the importance of e-mail communication skills.

Explanation:

What makes e-mail different from other forms of business communication is its versatility and the formal-informal dichotomy it represents. Unlike traditional print hard copy letters or memos, e-mail has the capability of sending both short routine and lengthy formal messages. It has replaced many traditional forms of business communication for both external and internal correspondence due to its efficiency and ability to facilitate immediate exchange of information. E-mail can also be accessed through various devices, making it highly convenient.

However, e-mail in a business setting must be approached with caution. It should reflect professionalism and respect, as it serves as a representation of you and your company. Crafting effective business e-mails requires attention to vocabulary, organization, tone, and awareness that any message could be forwarded to a third party or become part of a permanent record due to electronic storage. Additionally, with e-mails being utilized for critical correspondence and document transmittal, professionalism has become even more vital.

Despite the casual perception associated with e-mail communication, it is imperative to remember that business e-mails require a professional tone and adherence to business standards. Effective communication through e-mail is a crucial skill in the modern business environment, where e-mail is a dominant form of interaction, often seen as the most versatile communication channel in the workplace.

What are six disadvantages of self-employment?

Answers

Being self-employed for the past 15+ years I can tell you that there are many disadvantages of self-employment. My top six would be:

1. I pay more taxes
2. My pay is never the same (I have good months and bad months)
3. I tend to over-work (I work an average of 70+ hours a week.
4. There are no benefits (medical, dental, etc.)
5. I do not get paid if I take off (sick or vacation)
6. There are many distractions in my home that makes working difficult sometimes (personal call, my pets, Grandchildren, etc.) 

I hope this helps. if you have any questions, please don't hesitate to ask.

Take care,
Diana

A project will produce cash inflows of $2,800 per year for 4 years with a final cash flow of $5,700 in year 5. the project's initial cost is $9,500. what is the net present value of this project if the required rate of return is 15 percent?

Answers

Net Present Value is equal to the Present Value of the future cash flows - Initial Investment. The Present Value of the cash flows is discounted at an interest rate 15% (in the above question).

Present Value of the cash Flows = Cash flow in Year 1 ÷ (1 + r ) ^n

where r = 15%

n = number of years.

The Net Present Value is $1,328

You have been the assistant manager at a small deli for the past three years, and you have made friends with many of the customers. You are thinking about opening up your own deli, and there is a great space just around the corner from your current job. You think many of the customers you have befriended will follow you to your new business. Is it fair to open a shop in competition with your current employer? Why or why not?

Answers

If you financially able to open a deli and it is your passion then you should be able to open one. You might get the feeling that your old employer doesn't approve of what you did, but that is because you are now a competition. You might have some customers who won't want to switch to a new place but most of them probably would be okay with. 

Answer:

If you financially able to open a deli and it is your passion then you should be able to open one. You might get the feeling that your old employer doesn't approve of what you did, but that is because you are now a competition. You might have some customers who won't want to switch to a new place but most of them probably would be okay with.

Explanation:

correct on edge 2022

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