What were some potential negatives smith explained could plague the free-market system?

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Answer 1
According to Smith the functioning of the free market requires an ethical position, for Smith justice has a fundamental function. The market mechanism does not require direct contact between consumers and producers. The relationship is usually indirect and is made through the prices and sales that occur in the market. If you want something and you have the money to buy it, it is done, and if there are enough people to do the same, the sales of that product will skyrocket and the rest of the companies will start producing more of that good and will employ more means.

Related Questions

When julia goes to the first class of her operations management course, she finds out that in addition to the textbook she already purchased, she also needs a copy of the book the goal. at which stage of the consumer buying decision process is julia?

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She is at the problem recognition stage. In this stage, the buyer recognizes that there is a deficit between what they have and what they are looking to purchase. The state they are in is less than (or substandard to) the state or item they desire to have.

Gatto production services started the year with total assets of $120,000 and total liabilities of $65,000. the revenues and the expenses for the year amounted to $110,000 and $50,000, respectively. during the year, the company did not issue any common stock, but it distributed dividends of $70,000. calculate gatto's net income for the year.

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The only information relevant to find the net income is the revenues and the expenses, everything else was put there to trick you. 

Net income = revenues - expenses
Net income = $110,000 - $50,000
Net income = $60,0000

The net income is $60,000.

An economic downturn, usually characterized by a fall in the gdp and rising unemployment, is called

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An economic downturn, usually characterized by a fall in the gross domestic product (GDP) and rising unemployment, is called recession.  If the economy declines significantly for at least six months then recession is declared. This period is characterized with reduced trade and industrial activity. 

When john thompson became a manager in the rowe program, he had to change his leadership style to?

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When John Thompson became a manager in the rowe program, he had to change his leadership style to free-rein. Free-rein leadership style involved subordinates not directly supervised and must learn how to function on their own. There is also no criteria which must be met.

John Thompson had to change his leadership style to focus on outcomes and people management, transitioning to a more servant leadership and supportive role, and adapting based on situational demands in the ROWE program.

When John Thompson became a manager in the ROWE program, he had to adapt his leadership style with an emphasis on people management, servant leadership, and a flexible approach to leadership based on the demands of the situation. Integrating Vroom and Yetton's leadership decision model, John addressed issues of power dynamics and the need for change in organizational structures. Embracing an open-minded and integrity-driven approach, John likely shifted from direct oversight to empowering team members, fostering a culture where he would ask subordinates 'what can I do for you?', akin to the transformation seen in David Wolfskehl's company with a significant increase in productivity. The ROWE program, which stands for 'Results-Only Work Environment,' entails a focus on outcomes rather than processes, necessitating a departure from traditional supervisory roles to one of support and resource facilitation. Fundamentally, this transition is about letting go of old ways and adjusting to new, more collaborative and supportive methods of team leadership.

The operational design of an illicit drug business can be divided into four stages of production and distribution: cultivation, importation, wholesale distribution and ________ distribution.

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Retail distribution

The illegal drug business or trade primarily consists of the cultivation, manufacture, distribution and sales of prohibited drugs.

Cultivation and manufacture involves planting and harvesting prohibited drugs from plant sources (e.g. opium or marijuana) and processing the plant raw materials to produce the final product. For synthetic drugs, manufacture entails securing (sometimes by importation) of the chemicals required for the production of a certain drug (e.g. methamphetamine). Importation of the raw materials or final products might also be necessary to meet the demands.

With the final product at hand, the next step is to distribute and sell the drugs -- wholesale or retail. Wholesale distribution and sales involve large amounts (in bulk) of the illegal drugs while retail involves smaller amounts.  

The missing term in the question is 'retail distribution,' which refers to the process of delivering drugs to the end consumers in the illicit drug business.

The operational design of an illicit drug business can be divided into four stages of production and distribution: cultivation, importation, wholesale distribution, and retail distribution. The final stage, retail distribution, involves the delivery of drugs to the end consumers. This can include various methods such as direct interactions with customers, utilizing small-time dealers, or through online channels. Notably, each stage of this illegal operation carries risks of law enforcement action, and the complexity of the network serves both as a means for the supply chain to function and as points of vulnerability.

What does depository institution insurance cover?

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offer a safe and secure place to store money-FDIC insures $250,000 per depositor for each per in account insured insstitution.

What are the two main outcomes of a debt-for-nature swap?

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The two outcome for debt-for-nature swap are: For debtors, Edit Through a debt-for-nature swap, debtor reduces its total outstanding external debt. They will be able to purchase back part of its debt in more favorable terms and pay for preservation initiatives rather than debt service and this leads to higher international purchasing power for the debtor country. For creditos, They see debt-for-nature swaps as a strategy to disburden themselves of high-risk claims. Through selling the debt claim, they can re-invest the profit from the sale in higher-performing enterprises.

John's boss asks for a recommendation for connecting the company network to a small satellite building about 1 km from the main campus. the company owns the verdant land in between. given such a scenario, what network technology implementation should john suggest?

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A typical married couple would probably be a. Gilbert would be for splitting the household chores on the basis of time spent on each task. However, it is a bit unusual to actually calculate the time it takes for each task. B. and c. doesn't make sense. D. is also valid, however.

In participative management, workers __________. employee empowerment calls for workers to __________.

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Participative Management is giving workers an opportunity to participate or involve in the decision making process of the management. While in Employee empowerment workers or employees are given a certain degree of sovereignty and responsibility for decision-making regarding their specific organizational tasks. (provide input to decision makers; to make decision)



Is it okay to write 350 words when the limit is 500 for a college essay?

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you should always try to meet the word limit

Answer: Yes

Explanation: but remember if you do so there's a chance some points will be taken from the graded assignment

When installing software you will often see a question that ask?

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When installing software you will often see a question that ask what type of installation would you like to perform: a "typical" install or a "custom" install. Typical or standard install includes installation of most common options. 
Custom install you may choose individual options to be installed. This type of installation is recommended for experienced users. 

A customer has paid two out of three payments for an item but has not received the item yet. What payment plan might she be using?

A. Purchase order
B. Credit card
C. Layaway plan
D. Installment plan

Answers

Your answer is
C. Layaway plan

A layaway plan should be used by the customer as they have not received the item yet but have been paid for that.

Thus, option C is correct.

What is a customer ?

A customer is anybody who regularly goes out and makes purchases or uses services. Depending on the demands and preferences of the consumer, this product may fall into either a high-range or low-range category.

Layaway is an installments monthly plan whereby consumers pay for a product over a period of a few or periods. Usually submit layaway instalments when you obtain you order instead of when they receive goods, as is sometimes the scenario with bank cards other buy immediately, pay monthly arrangements.

In short, it is a plan to create more customers and the payment is done on an installment basis. Therefore, option C is the correct option.

Learn more about customer, here:

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Who is a pharmacy benefit manager (pbm)- why is this manager important?

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THEY HELP THE STORE AND THE PEOPLE THAT GO TO IT

What is one negative effect of current patterns in global trade?

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The market for a certain item can go down. It can simply be caused by too much of a supply and not enough demand which can usually cause a company to go into debt if they specialize in one product only (e.g. fuels)

Answer: job loss and wage decreases in developed countries

Explanation:

A product's purchase cost plus the discounted cost of maintenance and repair less the discounted salvage value gives the ________ cost.

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I believe the answer for you question would be life-cycle

Does walmart have wheelchairs for customers to use

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Yes they do they r required to have handy cap acesse and to have em for the ones who can't buy one

Walmart have wheel chairs for customers to use. This statement is correct.

What do you mean by Walmart?

Walmart formerly knowns as Wal Mart stores is an American Multinational Retail Organization that runs a chains of hypermarket (also known as super multi store shopping centers), cheap department shops, and grocery stores domestically.

Sam Walton established the business in the neighborhood of Rogers, Arkansas, in 1962, and it was registered under Delaware General Corporation Law on October 31, 1969.

Additionally, it owns and runs Sam's Club retail warehouses and its headquarters located in Bentonville, Arkansas

Further one of the great strategy to penetrate market is introducing Walmart wheel chairs for customer.

To know more about Walmart refer:

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How many countries does walmart operate in?

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More than 3 like mexico North America and japan

Task-oriented and people-oriented leadership is substituted by

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Task oriented - leaders assign employees to specific task, set goals and deadlines, etc. where as focus on people more than the tasks

Final answer:

Task-oriented and people-oriented leadership could align with transactional and transformational leadership theories, respectively. Modern workplaces also emphasize teamwork and flat organizational structures, tailoring leadership to individual autonomy needs.

Explanation:

Task-oriented and people-oriented leadership styles could be subsumed under the theories of transactional leadership and transformational leadership. Transactional leadership is characterized by a focus on supervision, organizational goals, and a system of rewards and punishments. Transformational leaders, on the other hand, aim to change the organization by being charismatic role models, inspirational, intellectually stimulating, and considerate towards individuals' needs and potential.

Along with these traditional models of leadership, contemporary workplace settings often promote teamwork and delegate responsibilities to work teams. This approach leverages diverse skills and expertise to achieve specific tasks or goals, embodying a shift from hierarchical structures to more flat organizational structures.

Furthermore, leadership needs vary by individual. Some employees function better under structured guidance (high need for leadership), while others thrive in autonomous conditions (low need for leadership).

An agreement between two adults to pay $300 cash for a bicycle is an example of a contract that is

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The answer is a valid contract. A valid contract occurs when both parties has expressed or had shown agreement when engaging to certain services or products as means of showing that they both have negotiate and came to an understanding of agreement with what they are pertaining to in which is shown above as the adults involved has an agreement of paying the bicycle that shows a valid contract.

The mcdonald's monopoly game is an example of which type of promotion?

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Sales promotion  - McDonald's uses sales promotion as a powerful marketing strategy. They do this  through a wide variety of offers and promotions. Sales promotions are short-term strategies that companies employ to attract customers. McDonalds offered Happy Meals and toys for children along with their meals as  part of its sales promotion strategy.

Final answer:

The McDonald's Monopoly game is an example of an advertising promotion that combines elements of monopolistic competition. It encourages customers to visit McDonald's to collect game pieces and potentially win prizes.

Explanation:

The McDonald's Monopoly game is an example of an advertising promotion that combines elements of monopolistic competition. In monopolistic competition, many firms compete against each other by selling distinctive products. Our reference explains that when products are distinctive, each firm has a mini-monopoly on its particular style or flavor or brand name. The McDonald's Monopoly game is a unique promotion strategy that creates excitement and encourages customers to visit McDonald's in order to collect game pieces and potentially win prizes.

Foreign firms should seek alliances with well-qualified local companies in countries characterized by inadequate legal and political frameworks because

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Foreign firms should seek this sorts of alliances, because making them is a good way to obtain knowledge of local markets; contrast this to a foreign firm attempting to start up a branch on their own, perhaps in the form of a greenfield venture. They would potentially have to figure out local market conditions from scratch, whereas a local company would potentially have years of successful experience and knowledge already at their fingertips.

Nadia was getting harassed at work by companies to whom she owed money. what act protects her from this? equal credit opportunity act the truth in lending act the fair debt collection practices act the fdic deposit regulations act

Answers

The Fair Debt Collection Practices Act 

This act helps eliminate abusive debt collection practices. Under this law, debt collectors can't contact you at work if you have told them not to call you there. They also may not use threats of violence or other criminal means to harm you or your property, call you with the intent to annoy, abuse, or harass you, call you without identifying themselves, or use deceptive or misleading methods to collect debt.

One consumer promotion tool is​ __________, which are goods offered free or at a low cost as an incentive to buy a product.

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Premiums are one consumer promotional tool where goods are offered at either a free or low cost to entice consumers to buy the product because of its. This allows companies to move products that they may have difficulty selling without the price reduction or that have low demand among consumers.

Pablo is saving for a big-screen television. Which of the following actions could be the most harmful to Pablo's savings goal? Select the best answer from the choices provided.
a looking at different televisions to see what features they have b reading reviews to find out which televisions are good c buying movies at the store to watch once he gets the television d reading ads to find out what television prices are like

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The best answer is C) buying movies at the store to watch once he gets the television
My dad's phrase for what Pablo is doing would be "putting the cart before the horse", meaning it is too early to be buying movies for a TV he doesn't even have enough money for yet. The money that Pablo spends on movies is money lost towards buying a TV, harming is his savings goal. 

He structure of sandal mart consists of people with similar specialties put together in formal groups, such as the marketing, accounting, and human resource departments. sandal mart has a _____ structure

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Sandal Mart has a functional structure. It is the most common type of organization nowadays, it is usually divided on the areas of marketing, IT department and finance. This type of structure can be assortment of structures, which decide how the association will work and perform.

what is true about emotiona and financial decisions?

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According to my research I found questions similar to this with matching options:

You should only make financial decisions when you are in a good mood.
You should only make financial decisions when you are in a bad mood.
You should try to leave emotions out of financial decisions.
Emotions have no impact on financial decisions.

Among those choices the best answer would be the first one A) You should only make financial decisions when you are in a good mood because its true that emotions have impact on financial decisions, you should never leave your emotions out of anything, and you should definitely never make any decision in a bad mood because it would fair badly for you.

Promotional tools offered to consumers include​ ________.

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A business wouldn’t prosper without marketing. It isn’t enough to offer good quality of products with reasonable price but also the use of marketing techniques that will be a good tool to gather prospective clients. These tools for promotion a service or a product includes the following:
First, advertising with a variety of media.
Second, sales promotion which can include coupons, discounts and samples.
Third, public relations by holding a press conference and events.
Fourth is direct response marketing in which the marketer will send direct mail or do direct selling.
Lastly, personal selling which includes different processes from getting an order to committing a relationship with the costumer. 

_____________ is used by management during the planning process and provides information about threats and opportunities.

Answers

Hey there,
The answer is Environmental scanning

Hope this helps :))

~Top

Suppose a lab group reports a percent yield of sand of 105%. is it really possible to collect more sand than was originally present? what is a possible explanation for the “extra” product? do not consider calculation mistakes; think about the procedure used.

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Final answer:

A reported percent yield of 105% for sand in a Chemistry lab can not be due to more sand than what was originally available; it likely indicates impurities or moisture content. The law of conservation of mass dictates that actual product mass cannot exceed the theoretical mass.

Explanation:

In Chemistry, the percent yield of a reaction compares the actual yield to the theoretical yield, expressed in percentage. It is theoretically expected to range from 0% to 100%. However, a percent yield greater than 100% suggests that the product is impure or contains solvent like water, which increases its mass. The law of conservation of mass ensures you cannot get more pure product than what is theoretically possible. If a lab group reports a percent yield of 105% for sand, it cannot mean that there was more sand than initially present; instead, it may indicate that the sand is wet or contains other impurities.

An example of this could be the collection of a reaction product that has absorbed water from the air, which would make the mass of the product larger than the actual amount of desired compound formed. Another possible impurity could be remnants of reaction side products or unreacted starting materials that have not been separated from the desired product. In industrial and laboratory settings, achieving yields as close to 100% is ideal, due to efficiencies and waste disposal concerns.

What term is used to describe the process of restricting access to certain material on the web?

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The process of restricting access to certain material on a given network is called content filtering. Many schools filter inappropriate content or games so they cannot be accessed by school computers or student's phones.
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