In Country A, the price of wheat has increased greatly over the past year. Because of this change, farmers in Country A are planning to grow more wheat in the next few years. In the sample scenario, what does this mean about the elasticity of wheat in relation to supply? Wheat is relatively inelastic. Wheat is elastic. Wheat is inelastic. Wheat is relatively elastic.
A: Wheat is relatively inelastic
Final answer:
The scenario in Country A suggests that wheat supply is elastic, meaning that quantity supplied is responsive to a change in price. Historical data and global market dynamics illustrate that supply elasticity is influenced by factors such as technology, natural conditions, and policies, which all affect production costs and market prices.
Explanation:
In the given scenario, where farmers in Country A are planning to grow more wheat in response to a price increase, it suggests that the supply of wheat is elastic. Elasticity in economic terms refers to how much the quantity supplied responds to a change in price. In this case, farmers are willing to produce more wheat because of the increased profitability that comes with higher prices. This responsiveness indicates elasticity rather than inelasticity.
Understanding the concept of supply elasticity can be enhanced by considering historical and global contexts. For instance, the adaptation of agricultural markets to changes in exchange rate policies, natural conditions, and the availability of technology can affect the cost of producing wheat. These factors can lead to shifts in the supply curve, demonstrating the sensitivity of agricultural production to external influences which, in turn, affects supply elasticity.
Policies, such as price supports and production controls, can also impact the elastic nature of supply. In a globalized economy, elastic demand for agricultural products means that producers are more susceptible to changes in world prices, which can alter their production decisions. In the case of wheat, if other countries can supply wheat at a lower price, producers in a country with higher prices would need to either lower their prices or potentially decrease supply.
Darren's discount Motel offers a 27% discounted rate for stays of a week of more. If you stay for eight nights and the usual tate is 125$ per night how much will you pay in total
Discount rate = 27%
Rate before discount = $125 per night
Rate after discount = 125-27%of 125
= 125-33.75 = $91.25
Total nights = 8
Total amount to be paid = 91.25*8 = $730 (answer)
a carpenter sells _______ , whereas an automobile manufacturer sells _______.
Basic Answer
a carpenter sells furniture, whereas an automobile manufacturer sells cars.
Bussiness Answer
a carpenter sells style , whereas an automobile manufacturer sells mobility.
Final answer:
A carpenter typically sells custom-built furniture or carpentry services, whereas an automobile manufacturer sells vehicles like sedans and SUVs. The costs associated with these professions differ vastly due to production scale and materials used. Quality also dictates the pricing and value in the market for their respective products.
Explanation:
A carpenter sells custom-built furniture or carpentry services, whereas an automobile manufacturer sells vehicles, such as sedans and sports utility vehicles (SUVs). The costs involved in producing these items are significantly different, since automobiles require a mass production approach, and involve heavy machinery, large plants, and a high volume of raw materials. In contrast, a carpenter may work more artisanally, often producing items that are unique or customized, with costs tied to time, skill, and the quality of materials used.
Furthermore, when it comes to the price of the goods sold, the value perceived by the customers plays a crucial role. For instance, sellers of low-quality vehicles would perhaps accept a price of $7,500, while sellers of high-quality vehicles would expect prices that reflect their products' worth, such as $10,000. This brings into view the importance of quality and the market's determination of product value.
Each person's role in the economy is dual; they are both a maker and a seller of some goods and services, and a buyer of others. This extends across industries where specifics of products and services vary widely but are critical to understanding economic participation.
How do stadium owners work with third parties to manage stadium parking?
Stadium owners work with third party companies specializing in parking management to handle complexities and make parking efficient. These professionals devise strategies, handle logistics, and assist in conflicts that may arise due to services like Uber or Lyft. This is part of larger economic development strategies in stimulating business growth via sports stadium developments.
Explanation:Stadium owners often work with third parties to manage parking due to the complexities involved such as capacity regulations, logistics, and handling financial transactions. These third parties are typically professional parking management companies who specialize in this area. A crucial part of attracting professional sports teams and building sports stadiums is devised around sound economic development strategies, which invariably includes efficient parking management.
In Joyner's article on 'Public Financing of Private Sports Stadiums', he confirmed these findings which were also agreed upon by eminent researchers Siegfried and Zimbalist. Efficient parking management not only ensures smooth entry and exit for attendees but can potentially be a significant source of revenue for stadium owners if managed professionally.
Third parties, often through the support of local governments or established norms, can also tackle conflicts, for example those which emerge due to disruptions by services like Uber or Lyft that challenge traditional parking strategies. They periodically revise strategies and innovate to ensure a reduction in parking-related issues and an uplift in revenues.
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When might a company be criticized for its lack of corporate social responsibility? A. After cutting wages and benefits in order to increase profit B. After firing a well-liked employee for violating policy C. After spending a large sum of money on an major renovation of its offices D. After hiring a disabled worker
A. After cutting wages and benefits in order to increase profit
Explanation:
As a company that exists in an environment, it has a responsibility to socially responsible for its actions that affect its environment including individuals(employees)
The employees are part of the social environment, so cutting their wages and benefits does not make the company socially responsible.
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Final answer:
A company might face criticism for its lack of corporate social responsibility when it cuts wages and benefits to increase profit, as this can result in a loss of valuable employees and damage to the company's reputation and long-term sustainability.
Explanation:
A company might be criticized for its lack of corporate social responsibility when it engages in practices such as cutting wages and benefits to increase profit. This action can lead to negative outcomes, such as the best and most capable employees leaving for better opportunities, leaving the company with less desirable employees. The adverse selection of wage cuts illustrates this scenario well, indicating that rather than evenly distributing wage cuts, companies often choose layoffs or firings. This approach, while possibly beneficial in the short term, can harm the company's reputation and its long-term sustainability.
Moreover, the act of cutting costs at the expense of employee welfare or safety can lead to severe repercussions, as seen in historical examples like the Firestone/Ford tire controversy, where cost-cuting measures eventually led to significant financial and reputational damage. Ultimately, a company's decision to undermine the well-being of its employees or the environment in pursuit of higher profits is a prime example of ignoring social responsibility, inviting criticism and potentially leading to a loss of consumer trust, employee satisfaction, and financial stability.
What financial statements are used by business entities to report the financial position of the entity?
A balance sheet is a financial statement that lists the accounts and balances of a business entity’s assets, liabilities and shareholders’ equity. A business entity reports such financial information in its balance sheet at the end of an accounting period, providing a snapshot of its financial condition at that point in time.
Answer:
Income Statement, Balance Sheet, Cash Flow Statement, Owner's Equity Statement.
Explanation:
There are many financial statements that are used to view the financial position of the company. Four of the main basic statements that are used to see the overall financial position of the company are Income Statement, Balance Sheet, Cash Flow Statements and the Owner's Equity Statements.
Which feature helps businesses address customer grievances?
A. automated answering machine
B. caller identification
C. interactive voice response
D. personal information manager
Answer:
The answer is the interactive voice response.
Explanation:
The answer is C.
which of the following is a microeconomic topic?
A) The reasons why Kathy buys less orange juice.
B) The reasons for a decline in average prices.
C) The cause of why total employment may decrease.
D) The effect of the government budget deficit on inflation.
Answer : A) The reasons why Kathy buys less orange Juice.
Reason:
Microeconomics is a branch of economics that studies the behaviour of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
In short , we can say that microeconomics deals we individuals.
While macroeconomics involves the sum total of economic activity, dealing with the issues of growth, inflation, and unemployment and with national policies relating to these issues.
Microeconomic topics focus on individual economic agents, such as consumers, and their behavior, like understanding why Kathy buys less orange juice. Therefore, option A is correct.
Microeconomics is a branch of economics that examines the behavior of individual economic agents, such as households, consumers, and firms, and how their interactions in specific markets shape the allocation of resources.
It analyzes economic decision-making at a micro level, including the determination of prices, supply and demand of goods and services, and the factors influencing individual choices.
Microeconomics explores topics such as consumer behavior, market competition, production costs, labor markets, and the impact of government policies on individual markets.
It provides insights into the functioning of smaller units within the economy and their impact on overall economic outcomes.
Therefore, option A is correct.
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When would evidence of insurability be required for a person already covered with a variable universal life policy? When the premium is increased When the policy has renewed When the death benefit is increased When policy is being converted to permanent coverage
When would evidence of insurability be required for a person already covered with a variable universal life policy?
The death benefit is increased
A life policy is called a life assurance.
Life assurance policy is one type of insurance enforced on a life assured life. A life policy can either have benefit to pay on death to the beneficiary or serves as an investment for the life assured.
A variable universal life policy is a permanent life policy with savings features, investment features and death benefit features. This policy is unique because its pays death benefit and also serves as investment of cash which can be redeemed by the life assured as will.
Evidence of insurability means the proof of existing insurance policy, certificate of insurance, policy document and new medical examination of the life assured.
Keynote to understand
1. Premium determination depends on the benefit.
2. Variable universal life policy is a permanent life policy.
3. When the death benefit is increased at the will of the assured/life assured or because the determining factor of the benefit changes, that will consequentially affect the new premium payable. Thus, the evidence of insurability will be requested for.
Therefore, the evidence of insurability will be required for a person already covered with a variable universal life policy when the death benefit is increased.
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Which of these occupations is INCORRECTLY paired with the level of education required? A) Welder→ Bachelor's degree B) Teacher→ Bachelor's degree C) School principal→ Master's degree D) English Professor→ Doctorate degree
Answer: A
Explanation:
The one that is clearly out of place would be A
Answer: A
Explanation: usatestprep
You work at the IT Help Desk in your company. An employee calls to report a problem with her workstation and a service ticket is assigned to you. You respond to the service ticket immediately and arrive at the employee's workstation within minutes; however, when you begin speaking to her, you can;t understand what she is saying because she is speaking Spanish, and you do not understand Spanish. What should you do?
To help a Spanish-speaking employee, speak slowly, use active listening, and seek assistance from a bilingual colleague if needed. Set clear goals and maintain communication.
When you encounter an employee who speaks Spanish and you do not understand the language, start by remaining calm and patient. Here are some steps to follow:
Communicate Clearly: Speak slowly and clearly in English, using simple words and phrases.Active Listening: Show that you're trying to understand by using gestures, nodding, and repeating what you do understand.Seek Help: Ask if the employee can write down the problem or if there is a bilingual colleague who can assist.Set Goals: Establish specific goals to resolve the issue promptly, and maintain communication to ensure the employee feels supported.By following these steps, you can effectively address the employee's issue despite the language barrier.
Choose the option that best matches the description given. Program planning for the best may include therapy, effective discipline strategies, crisis treatment, and/or family counseling.
1.) Direct- contact services
2.) All-inclusive therapy
3.) Treatment Plans
Answer:
Direct- contact services
Explanation:
Which activity is involved in creating a traditional navajo weaving?
which best describes the role that government and business pay in investments?
A) they both use taxes to support a country’s growth.
B) They both invest money to earn profit
C) They both receive capital to use for growth
D) They both act as angel investors for start-ups
B) They both invest money to earn profit
Answer:
C. They both receive capital to use for growth.
Explanation:
thats what i got on edge
Which type of degree requires 120 hours of coursework, some of which is general and some of which is based on your major?
________ attempts to leverage the fact that there is always some demand, however small, for a product. long tail marketing crowdsourcing behavioral targeting predictive marketing profiling previous next
"Long tail marketing" attempts to leverage the fact that there is always some demand, however small, for a product.
Long tail marketing alludes to the technique of targeting on an expansive number of specialty markets with an item or administration.
It's mostly utilized by organizations that are commanded by an immense market pioneer.
Confronting a fight to grow, an organization can move their concentration to various specialty showcases that have less interest.
That may sound illogical, since those low interest markets won't be as rewarding independently, however they may be the point at which their aggregate reach is consolidated.
You had training ammunition with authorized expenditures of cat i and cat ii items. which form do you complete as part of your expenditure documentation for the asp
The answer is "DA Form 5692-R".
DA Form 5692-R (Ammunition Consumption Certificate). This archive will be set up before going to the ASP, to guarantee that all things are expended. The Unit Range Safety Officer (SSG E-6 or above) will personally watch situation of charges, genuine explosion, and ensure the amount of all things exhausted. Affirmation will be finished on DA Form 5692-R.
The form completed as part of expenditure documentation for the ASP is the DA Form 581.
Explanation:A form that is completed as part of expenditure documentation for the ASAP (Ammunition Supply Point) is the DA Form 581, the Request for Issue and Turn-In of Ammunition.
Authorized expenditures of Category I and Category II items would be recorded on this form, which is used to account for all ammunition movements within the ASP.
The DA Form 581 includes details such as the type and quantity of ammunition being issued or turned in, as well as the unit receiving or relinquishing the items.
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In a few sentences, list and describe the three Cs of teamwork, the three elements that are vital to the success of a team.
The three C's of teamwork are Cooperation meaning working like a joint action. The second C is Coordination, being sort of in sync with your team or being on track all together. Lastly, Communication is communicating with your team members to understand what needs to be accomplished.
Hope I could help! :)
A group's joint effort to attain a common objective or complete a task in the most effective and efficient manner is known as teamwork. This concept is observed in the context of a team, which is a collection of interdependent individuals that collaborate to achieve a common goal.
The 3Cs of teamwork:CooperationCoordinationCommunicationMeaning of the 3Cs
Cooperation, which refers to working as a group, is one of the three C's of teamwork. The second C stands for coordination or being in sync with your team or on track as a whole. Finally, communication entails talking with your teammates to figure out what has to be done.
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On october 1, 2017, miller, inc. made a loan to one of its customers. the customer signed a 6-month note for $100,000 at 13%. how much interest revenue did the company record in 2018 for this note? (round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
Information Given :
Amount = $100,000
Interest = 13%
Time period = 6 months
Date of purchase= oct 1 , 2017
Required :
Interest revenue in 2018 = ?
Solution :
Here the note is for 6 months
3 month's interest are recorded in 2017 for oct, nov , and dec.
Remaining three months interest revenue will be recorded in 2018 .
So interest revenue = 100,000*13%*3/12 = $3250
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Final answer:
The company recorded $3,250 in interest revenue for the year 2018 for the 6-month note of $100,000 at 13%. To calculate this, the interest for the entire period and the portion corresponding to 2017 were calculated and the latter was subtracted from the total.
Explanation:
The student has asked how much interest revenue the company recorded in 2018 for a 6-month note of $100,000 at 13% made on October 1, 2017. First, we calculate the total amount of interest for the full term of the loan. The simple interest formula I = PRT is used, where I is the interest, P is the principal amount, R is the rate of interest per year, and T is the time in years.
In this case, the principal amount (P) is $100,000, the annual interest rate (R) is 13%, or 0.13 in decimal form, and the time (T) is 6 months, which is 0.5 years. Thus:
I = $100,000 times 0.13 times 0.5
I = $6,500
Therefore, the total interest for the note is $6,500. However, since the note was created on October 1, 2017, and is only for 6 months, the interest for 2017 needs to be calculated and deducted to find the interest revenue for 2018. From October 1, 2017, to December 31, 2017, there are 3 months of interest.
Interest for 2017 = $100,000 times 0.13 times 0.25
Interest for 2017 = $3,250
Therefore, the interest revenue recorded in 2018 would be the total interest minus the interest for 2017:
Interest Revenue for 2018 = Total Interest - Interest for 2017
Interest Revenue for 2018 = $6,500 - $3,250
Interest Revenue for 2018 = $3,250
Thus, the company recorded $3,250 in interest revenue for the year 2018 for this note.
Countries that invest more in human capital usually have higher GDP rates than countries that do NOT because A) population rates and family size is larger so they have more workers. B) people are expected purchase stocks and bonds for the company they work for. C) more money is spent on education and training so people produce more and make a higher wage. D) more money is spent in only using human intelligence and technology and computers are limited.
The best answer for the stated question is (C) more money is spent on education and training so people produce more and make a higher wage.
This is related to the GDP formula itself, which is based on the total output for goods and services that a country produces within a period of time, commonly on an annual basis. Based on this description, a country with higher quality and quantity of human capital would be able to have higher GDP than those with neither.
Answer:
c
Explanation:
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What are two of the benefits of earning college credit in high school? A. Getting stressed out from the academic requirements B. Paying less for tuition C. Graduating high school early D. Graduating college early
Answer:
b and d
Explanation:
i got it correct
Paying less for tuition and Graduating college early are two of the benefits of earning college credit in high school. Thus, option B and D is correct.
What is earning?Earning is an economic metric that estimates a person's actual disposable income in the free market after adjusting for inflation. It takes a dollar's worth of economic inflation out of a person's income, which often results in a lower price and less purchasing power.
Earning passing grades in high school has several advantages, including lower tuition costs and an earlier college graduation. Paying a substantially higher interest rate is a result of having a low credit score.
Naturally, this will increase the total expense of the loan. A high credit score may enable you to keep more money in your wallet while a high GPA may open doors to courses offered. Therefore, option B and D is the correct option.
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Asking “would you buy my product” in a survey is an example of what?
product advertising is the answer
A ________ is an enclosed facility from society both socially and physically, where all inhabitants share all aspects of their lives daily.
Final answer:
A total institution is an enclosed space socially and physically removed from society, where inhabitants live a controlled lifestyle, and undergo total resocialization, such as in prisons or religious convents. The concept, introduced by sociologist Erving Goffman, emphasizes the profound effects on individuals' personalities due to the strict rules and social structures within these institutions.
Explanation:
A total institution is an enclosed facility from society both socially and physically, where all inhabitants share all aspects of their lives daily. An organization in which participants live a controlled lifestyle and in which total resocialization occurs fits this description. Examples of total institutions include ships at sea, religious convents, prisons, and some cult organizations. These places are isolated from the larger society, where people are separated from society and forced to follow strict rules, often to resocialize the individual to fit the norms and values of the institution.
The concept of a total institution was introduced by sociologist Erving Goffman to describe a place of residence and work where a large number of individuals, cut off from the wider community for a significant period, together lead an enclosed, formally administered round of life. Prisons, military boot camps, and psychiatric hospitals are some classical examples of such institutions.
It is essential to understand the impact of living in a total institution on individuals. The process of resocialization involves the drastic transformation of an individual's personality by carefully manipulating the environment. Inhabitants of total institutions may experience significant changes in their behavior, beliefs, and social identity as they adapt to the enforced rules and social structure.
Which of the following taxes is deducted every time you receive a paycheck?
sales tax
income tax
property tax
paycheck tax
In a spreadsheet, what is the rectangular space where a row meets a column? A. A formula B. A function C. A calculation D. A cell Please select the best answer from the choices provided A B C D
In a spreadsheet, a cell is where a row meets a column.
So the correct answer should be D. A cell
Hope this helps,
Davinia.
Answer:
D. A cell
Explanation:
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Describe what you believe is the relationship between business planning and it
Information Technology (IT) is an essential tool in modern business planning and strategy. It aids in analysis, decision making, and communication aiding to boost efficiency and make informed decisions. An effective business plan and a strong IT strategy are therefore inseparable.
Explanation:The relationship between business planning and IT is quite integral. In the modern world, businesses depend on IT for several aspects of their operations. Not only is IT a medium of communication, but also serves as a powerful tool for business planning, applications, and strategies.
For instance, a business plan might include strategies for digital marketing – a field heavily reliant on IT. On top of that, IT aids in analysis and decision making. It helps to predict and model outcomes before they happen, aiding in risk assessment and boosting efficiency.
A business without a strong IT infrastructure might struggle in areas such as market research, data analysis, and forecasting - all of which are crucial elements in business planning. Therefore, an effective business plan is inseparable from a strong IT strategy.
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The relationship between business planning and IT signifies their mutual synergy. IT provides businesses with the necessary tools to efficiently carry out their plans, facilitating process improvement and competitiveness. Their strategies should be developed synergistically for maximum benefits.
Explanation:The relationship between business planning and IT is highly interrelated and essential in the contemporary world. One can think of it as the blend of strategic planning and the use of technology to achieve business goals. In the process of business planning, the role of IT is to provide businesses with tools and platforms to execute their plans more effectively and efficiently. Examples of this include platforms for project management, data analysis tools, customer relationship management (CRM) systems, and more.
IT plays a crucial role in enhancing business processes, making information accessible, and helping businesses stay competitive. Without the involvement of IT, businesses may struggle to efficiently and effectively execute their plans, making it harder for them to adapt to changing market conditions and stay ahead of their competitors.
Consequently, for a business planning process to be successful, it should incorporate IT strategies that align with its objectives. To maximize benefits, business and IT strategies should be developed synergistically rather than in isolation.
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What step can an organization take to improve its culture?
A. conduct regular development programs for employees
B. employ people belonging to a certain age group only
C. keep its number of employees to a minimum
D. employ people with similar financial backgrounds
Answer:
i agree with the first answer
Explanation:
You have set a par value of 25 chicken cutlets. Your inventory says you have 10 on hand from last night. How many should you order and receive from your supplier today?
Final answer:
To reach the par value of 25 chicken cutlets when you have 10 on hand, you should order 15 more cutlets from the supplier.
Explanation:
If you have set a par value of 25 chicken cutlets and currently have 10 on hand, you should order enough cutlets to reach your par value. The par value is the target amount of inventory you want to maintain. To calculate the number you should order, simply subtract the amount on hand from the par value.
Therefore, number of chicken cutlets to order is:
Par value - on hand = chicken cutlets to order
25 - 10 = 15 chicken cutlets
So, you should order and receive 15 chicken cutlets from your supplier today to refill your inventory up to the par value.
Beth participates in an investigation into possible violations of title vii of the civil rights act at chemworks, inc., where she is an employee. as a result, the employer demotes her. beth can file
Beth can file a "retaliation claim".
Retaliation happens when a business rebuffs a representative for taking part in legitimately secured movement. Retaliation can incorporate any negative activity, for example, downgrade, discipline, terminating, pay decrease, or occupation or move reassignment. But retaliation can likewise be increasingly unobtrusive.
On the off chance that you presume your employer is retaliating against you, first converse with your administrator or a HR delegate about the explanations behind these negative demonstrations. It's reasonable for make explicit inquiries.
For a new small business, it's usually good to have what kind of scope? A.) A large scope with a variety of unrelated products and services B.) A large scope that appeals to as many target markets as possible C.) A small number of unrelated products D.) A small scope of closely related products or services