What do the three basic economic questions determine ?
The answers to the three basic economic questions determines the economic system of the country. A country's economic system is totally shaped by the answer of these questions.
Economists address these three basic questions. These are:
What goods and services should be produced to meet consumer needs? It is very obvious that a country cannot produce everything because it has scarcity of resources. Hence what to produce is a major question.How should they be produced, and who should produce them?It refers to choosing what method to be adopted in economic production and how to produce. Who should receive goods and services? Deciding the end consumers makes the production process very clear because one cannot satisfy everyone.To know more about economics refer to-
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PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!! ABC Lumber Company has stock with these probabilities of value after five years with an initial investment of $2,000: 55% probability of a $1,800 value, 20% probability of a $2,100 value, and 25% probability of a $2,700 value. What is the expected value of the investment after five years?
A. $2,085
B. $2,000
C. $1,950
D. $1,545
Answer: $2085
Explanation:
The expected value of the investment after five years will be calculated as follows:
= ($1800 × 55%) + ($2100 × 20%) + ($2700 × 25%)
= ($1800 × 0.55) + ($2100 × 0.2) + ($2700 × 0.25)
= $990 + $420 + $675
= $2085
The expected value of the investment after five years is $2085.
A high customer-contact service process typically indicates all of the following EXCEPT:
a) front office process structure
b) more resource flexibility
c) low complexity
d) diverse work flows
A high customer-contact service process typically indicates all of them except low complexity.
What is complexity?The interactions of the components of a system or model with local laws lead to nonlinearity, unpredictability, collective dynamics, hierarchy, and emergence. This conduct is described as being complex. The expression is frequently used to describe something that has more emergent properties than the sum of its parts because of the complexity of its elements and the variety of interactions they might have with one another. A system would be more complex if there were more identifiable components and connections between them. This is how the intuitive complexity criterion is presented. According to Neil Johnson, there is "no general definition of complexity, even among scientists, and the scientific notion has typically been presented via specific examples."
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Why do many countries prefer to use the mixed economic system?
In a mixed economy, private businesses and public enterprises coexist alongside free markets and governmental intervention.
What do you mean by businesses?A for-profit firm or company is referred to as a "enterprise" in other contexts, but this usage most frequently refers to entrepreneurial endeavors. Successful entrepreneurs are frequently referred to as "enterprising." There are numerous types of legal businesses, with the most popular in the United States
What qualifies a business as an enterprise?In essence, any business that has a number of locations, levels, departments, or divisions that work together to accomplish corporate goals and objectives is referred to as a "enterprise." The term "enterprise business process" refers to a collaborative effort between staff members from all company departments.
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Andre works for a bakery as a cake decorator and receives a base annual salary of $30,000 (paid weekly) as well as piece-rate pay of 25% of the retail price for any wedding cake that he decorates. His piece-rate earnings are totaled on a monthly basis and are paid on the first pay date of the following month. During the month of June, he decorated eight wedding cakes with a total retail value of $2,650. What is Andre's gross pay for the first week in July
$1,239.42 is Andre's gross pay for the first week in July. The monthly (or annual) gross salary is the amount paid to an employee before any tax deductions.
The pay that is paid gross pay to an employee on a basic basis is the amount before any benefits like perquisites or allowances are included. Bonuses, overtime pay, allowances, and other benefits are all included in the gross salary. Before taxes, benefits, and other payroll deductions are taken out of an employee's paycheck, that amount is known as their gross pay. Net pay, often known as take-home pay, is the amount that is left after all withholdings have been taken into account.
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"Quality at the source" requires factory workers to become their own inspectors.
True/False
"Quality at the source" requires factory workers to become their own inspectors. The given statement is True.
What do you mean by Factory workers?
Factory workers are people who work in factories or industrial settings performing manual labor or operating machinery. Factory workers typically work in assembly lines performing repetitive tasks such as operating machinery, packaging, quality control, and other related duties. The work is often physically demanding and requires long hours, so it is usually more attractive to those who are willing to put in the effort. The job also requires attention to detail and the ability to follow instructions. Factory workers are essential for the production of goods, and are the backbone of many industries.
So, The given statement is True.
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A Maryland licensee is recommending home inspectors to her buyer clients. What do MREC regulations require her to do when providing her clients with a list of recommended service providers
According to question, MREC regulations require the date that she last verified the license status of each service provider .
The Commission was established to uphold and apply the relevant real estate laws and regulations equitably to all parties, to protect the public's health, safety, and welfare through examination, licensing, and regulatory operations, and to render cordial, reasonable, and expert help.
According to data from Clever, an online real estate agent network, the average Realtor commission throughout the country in 2022 was 5.37 percent. The commission was typically between 5 and 6 percent in most jurisdictions. The commission paid to brokers is deducted from the overall sale revenues. The broker and the agent are then given a portion of this sum.
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A ______ is an opportunity for threats to gain access to individual or organizational assets. A. target. B. phisher. C. threat. D. vulnerability
Answer:
c.threat
Explanation:
A health insurance company wants the opportunity to cover the accounts of all county employees. In order to land this account, they must get the approval of the county board of directors. The board members mention that they are taking some time off to prepare for the holidays and say that the company might stay on their minds if they were given some holiday spending cash. What kind of crime is this an example of
This is an example of bribery. Bribery is the act of offering something of value, such as money, goods, services, or other benefits, in exchange for influence or power. In this case, the health insurance company offers the regional board of directors money in exchange for agreeing to their services.
Bribery is a serious crime in many countries and can lead to civil and criminal penalties, including fines, imprisonment or even loss of public office. This kind of behavior undermines public confidence in the integrity of elected officials and can have long-term consequences for the reputation of the company concerned.
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Which of these is the MOST accurate description of the Americans with Disabilities Act?
A.
a collection of medical diagnoses
B.
a labor law from the 1930s
C.
helpful suggestions
D.
civil rights legislation
Answer:
The correct answer is D. The Americans with Disabilities Act is a civil rights legislation.
Explanation:
The Americans with Disabilities Act is designed to give disabled Americans equal rights and to combat discrimination against that group. The law means, among other things, that being handicapped cannot be taken into account when hiring staff, but also that public buildings, public transport and office buildings must be easily accessible for handicapped people. This law was signed by Congress in 1990, and today it is an essential part of the civil rights legislation in America.
explain the significance of civil labor force blue collar workers white collar workers service workers service workers unskilled workers semiskilled workers skilled workers professinalals minum wage
Blue-collar jobs are ones that require more physical exertion or manual labor. Electricians, mechanics, power plant operators, and farmers are examples of blue-collar occupations.
On the other hand, white-collar jobs typically involve working in offices as clerical, administrative, or managerial positions.
What are the advantages of working in the blue collar industry?Numerous blue-collar jobs provide excellent benefits in addition to a respectable wage. These include paid vacation days, retirement savings plans, and health insurance. One area in which white-collar jobs frequently outperform blue-collar jobs is in this one.
What does "blue-collar workforce" entail?Most of the time, blue collar workers work outside of an office (on a construction site, on a production line, driving, etc.). They carry out their responsibilities with their hands and physical abilities. Construction worker, machine operator, millwright, assembler, and truck driver are all examples of blue collar workers.
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If the Licensed Broker in a partnership is killed in an accident what happens to the Sales Associates working for that partnership?
If the primary broker passes away, another active broker must take over within 14 days. If this doesn't happen, the registration of the partnership is revoked, and all of the licensees connected to the partnership involuntarily become inactive.
Is working as a sales associate difficult?Retail sales people rarely receive the respect they deserve, despite the fact that their work is difficult but important. Instead, they deal with unhappy clients, grueling work, and irregular hours. To be sane, much alone productive, dealing with a difficult job in retail takes a certain set of skills.
What is a sales associate's primary responsibility?Working closely with clients to understand their needs, respond to their inquiries about your products, and make the appropriate recommendations are all part of the tasks and obligations of a sales associate. You ought to be able to quickly resolve customer issues and guarantee the highest level of client satisfaction.
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A business owner would most likely create a cooperative instead of buying a franchise because
A. cooperatives give majority owners the most control, while franchises make decisions with a parent company.
B. cooperatives make it easy to accumulate supplies, while franchises come with supplier relationships already in place.
C. cooperatives are well financed by members, while franchises must raise large sums of money to launch a business.
D. cooperatives allow all owners to share profits, while franchises are required to share profits with a parent company.
Answer:
A business owner would most likely create a cooperative instead of buying a franchise because (D) cooperatives allow all owners to share profits, while franchises are required to share profits with a parent company.
Explanation:
Took Test Review on Edge 2021
A business owner would most likely create a cooperative instead of buying a franchise because cooperatives allow all owners to share profits, while franchises are required to share profits with a parent company. Therefore option D is correct.
What is Business?An organization or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses.
A business can legally exist as a sole proprietorship, a partnership, or a corporation. Each of these legal formations has unique traits as well as benefits and drawbacks.
A partnership is a group of people who come together to start a company. Individuals, partnerships, or even companies can be partners. Partnerships come in a wide variety of forms, such as LLCs, LLPs, and other structures.
Hence, A business owner would most likely create a cooperative instead of buying a franchise because cooperatives allow all owners to share profits, while franchises are required to share profits with a parent company.
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Which collaborative technologies have been most commonly used by virtual teams over the past 25 years
The correct answer is teleconferences collaborative technologies have been most commonly used by virtual teams over the past 25 years.
A teleconference is a two-person or more live audio- or video-based meeting. Remote teams within a business may cooperate and communicate even when they are geographically separated because to the capacity to teleconference. An audio conference call between two different places with many people speaking through speakerphones on either end might be an example of a teleconference in its most basic form. written conversation utilising keyboard inputs and a shared programme across two or more computers. Teleconferencing is a conference that takes place over a phone line. It is a general word for using technology to connect individuals between two or more sites.
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effectiveness and efficiency in this order can be measured by?
O Asset turnover and profit margin
O return on equity and return on assets
O liabilities and equity
O all of the above
What is an example of indirect quotation?
A source that has been quoted and cited in another source is referred to as an indirect quote. As an illustration, if you were reading this Michele Kane piece and wanted to use the quotation from Amy Saltzman (highlighted), that would be an instance of an indirect quote.
What do you mean by indirect quote?
An concept or fact that is borrowed from another source and then used in another piece of writing is known as an indirect quote (or indirect quotation). The idea or information is expressed by the student in his own words, but it is from an original source.This indicates that, regardless of where the speaker is located—in the United States or elsewhere—the dollar serves as the base currency. An illustration of a direct quote in U.S. dollars would be to say $1.17 Canadian for every U.S. dollar, as opposed to the indirect quote of 85.5 U.S. cents for every C$1.To know more about indirect quote here
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describes a set of teams and people from disciplines such as marketing and finance that are aligned around the goal of delivering a product or service.
A tribe describes a set of teams and people from disciplines such as marketing and finance that are aligned around the goal of delivering a product or service.
A tribe is a collective of teams and individuals from a variety of disciplines, such as marketing, finance, and more, that come together to achieve a common goal.
These individuals are dedicated to delivering a product or service that is of the highest quality, and they work together in order to ensure that their success is shared by all.
A tribe is not just a group of people, but a group of passionate professionals who can come together to create something special.
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If one discount point costs the borrower 1% of the loan amount, and increases the lender's yield by 1/8th of one percent, how many discount points must be purchased to lower the interest rate by 1%
The discount points must be purchased to lower the interest rate by 1% 1/8th = 0.125; 1.0 ÷ 0.125 = 8.
Your interest rate is reduced by points, commonly referred to as discount points, in exchange for an up-front payment. The lender accepts a greater rate of interest in return for a reduction in your closing fees. Sometimes, these words are used to refer to different things.
Mortgage lenders have been using the term "points" for a long time. Mortgage points, commonly referred to as discounted points, are payments that a home buyer directly pays to the lender (typically a bank) in exchange for a lower interest rate. This is also referred to as "buying the rate down."
In essence, your pay some ratings up front and in return for a loan with a reduced interest rate overall. Discount points are paid, which lowers the interest rate and, consequently, the monthly payments.
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Which one of the following actions is not an attractive option for trying to lower production costs per pair produced at one of your company's production facilities? O Reducing the use of superior materials O Increasing incentive pay per non-defective pair O Increased spending for enhanced styling and features for branded footwear O Installing production improvement option O Reducing the number of branded models/styles produced from 350 to 250
Installing a production improvement is not an attractive option for trying to lower production costs per pair produced at one of our company's production facilities.
What is production improvement?Productivity improvement is defined as a process of accomplishing more output from an hour of work.The ways in which productivity improvement can be done are software infrastructure, upgrading the machinery, investment in facilities.Production improvement is important because an economy is able to produce and consume more goods for the same amount of work. Installing a production improvement is not an option because it will not lower the production cost as by installing new machinery or by hiring more men to increase the production per hour will lead to the usage of more finances and will automatically increase the production cost as more people or better equipment is involved.To learn more about Production improvement from the given link
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You will begin setup 1 hour before the meeting
It takes a server about 7 minutes to setup a table
Each table seats 4 people
110 people are attending the meeting
How many servers do you need to complete the setup on time?
3
4
5
Answer:
7mins = 1 table
4 people= 1 table
110 people attending
110÷4=27.5 tables
round up to 28 tables
28÷7=4
Explanation:
you need 4 servers
Which one of the following fund types is likely to have the lowest annual expense ratio?
1. Index Funds
2. Equity Funds
3. Bond Funds
4. Balanced Funds
5. International Funds with staff in multiple nations
Among the given options, Index Funds is likely to have the lowest annual expense ratio.
What do you mean by Index Funds?
Index funds are mutual funds that track a particular stock market index. These funds are designed to mirror the performance of a benchmark index such as the S&P 500, Russell 2000, or the NASDAQ Composite. Index funds strive to replicate the performance of their benchmark index, buying and selling the stocks that are included in the index. Since index funds do not require the active management of a portfolio manager, they tend to have lower management fees and expenses than actively managed funds. Additionally, index funds often offer more diversification than an individual stock or mutual fund purchase. By investing in a broad range of stocks, an individual investor can potentially reduce their risk and minimize the impact of any one company’s poor performance.
So, The required answer is 1. Index Funds.
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Suppose you are a software engineer living in the United States, and you just sold your latest product to a Russian consumer for RUB 7,000. Determine the effects of this transact ion on exports, imports, and net exports in the US. economy, and enter your results in the following table. If the direction of change is 'No change, ' enter '0' in the Magnitude of Change column.
The following situation could have an impact on the United States:
You invest RUB 7,000 in shares of a Russian corporation.
You invest RUB 7,000 in Russian Bonds.
You keep the rubles in your home's safe deposit box.
This refers to products and services that are made in one nation and offered to invest customers in another. A good or service that is exported is one that is produced in one nation but is sold to a customer Bonds. Exports are one of the earliest types of economic exchange and take place impact between countries. There will be an impact because it affects exports and net exports.
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NEED THIS SUPER FAST! ASAP!!!
Research and write about a psychologist from the twentieth century who has had a major impact on the field of psychology. Briefly discuss the contributions of the psychologist.
At least two to 3 paragraphs please, i need this today for my final grade
Answer:
William James an American philosopher and psychologist. James was born into a wealthy family which lived in New York at the time of his birth. In 1861 James began his scientific studies at the Lawrence Scientific School of Harvard College. He then, in 1864, took up medical studies at Harvard Medical School. James finally earned his MD degree in June of 1869 but he never practiced medicine.
William James gained widespread recognition with his monumental "The Principles of Psychology," which was published in 1890. James held a in line with pragmatism, and declared that the value of any truth was utterly dependent upon its use to the person in which had held it. In his search for truth and assorted states of psychology, William James developed his two-stage model of free will. In this model, James tries to explain how it is people come to the creation of a decision and what factors are involved with it it.
Explanation:
What are the 3 types of assets?
There used to be three major assets, however now there The following four assets are: equities, bonds, debt, and fixed income (bonds) Money markets and cash equivalents, possessions and real estate.
Most secure financial asset:Intangible assets include financial assets, often known as financial instruments or securities. They are frequently used to finance the acquisition of movable assets like machinery and real estate. Real estate, cash, Treasury bills, money market funds, and mutual funds that invest in U.S. Treasury securities are some of the safe asset types that are often used today. The safest investments are those that carry no risk, such as those made in government-issued national debt securities from industrialized nations.
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What type of economic system am I part of?
I currently live in a country with a mixed-market economic system. My state maintains this industrial structure by offering inhabitants a variety of economic opportunities.
What makes a mixed economy crucial?Private placement is permitted in a communist system, encouraging healthy competition and the prospect of profit. Additionally, it promotes the nationalization of the industrial sector, which might help the government achieve its welfare aims.
Why do we use foreign investment?Actually, the Indian government allocates and makes use of resources by encouraging foreign investment. As a result, it can reduce cyclical variations, prevent gaps, and improve production efficiency. Personal property comes first in the guarantee.
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Select the correct answer. What is the first step in financial planning? A. maintaining a log of all your expenses B. understanding what you want C. preparing a balance sheet D. attaching a goal cost to every goal E. attaching a time frame to every goal
Answer:B
Explanation:
If you don't know what you want you can't do anything else
Answer:
B
Explanation:
What are primary expenses?
Primary Expenses means all Expenses other than revision Payments and Refinancing Charges. “ Principal Repayment ” has the intention given to a similar term in the description of “ Redemption Premium. ”
Ordinary Charges mean the Trustee's ordinary charges and outflow in connection with its services as Trustee, containing the particulars appertained to in the description of common Charges in the standard terms.
Management Charges means charges incurred in the administration of an insurer which isn't delegated outstanding and, in the case of general insurance business, aren't incurred in claims paid, claims outstanding, charges for settling claims, and charges for settling pretenses outstanding. Common Charges mean expenses made by or fiscal arrears of the association, together with any allotments to reserves.
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Advantage 2 Starting a business can be risky, but it depends on the opportunity of the entrepreneur's time. If they would be unemployed otherwise, then what looks like risk may actually be a benefit or a reward.
Answer: Running a business or start up requires a lot. Asides capital, the individual would gave to learn how to keep a business running day instead and also ensuring the system runs well.
Explanation:
Running a business or start up requires a lot. Asides capital, the individual would gave to learn how to keep a business running day instead and also ensuring the system runs well. Despite the good things that come with owning a business, it actually requires a lot of work. In most cases being unemployed and not starting a business could be better than starting one because running a business would take everything in you, coupled now how things are evolving, the business owner has to be proactive, and enlightened severally and seek ways to bring innovate
A firm's total output times the price at which it sells that output is:
A. net revenue.
B. total revenue.
C. average revenue.
D. marginal revenue.
A firm's total output times the price at which it sells that output is total revenue. Hence option B is correct here.
What is total revenue?Total revenue is the total amount of money a company receives from selling its goods or services. It is calculated by multiplying the quantity of goods or services sold by the price at which they were sold. In other words, it is the product of a firm's total output and the price at which it sells that output. Total revenue is an important metric for a company, as it is used to measure the overall performance of a business and can be used to make important decisions such as setting prices, determining production levels, and evaluating the effectiveness of sales and marketing efforts.
The calculation of total revenue is relatively simple. It is the product of the quantity of goods or services sold and the price at which they were sold. For example, if a company sells 100 units of a product for $10 each, the total revenue would be 100 x $10 = $1,000.
Alternatively, if a firm is selling more than one product, then it will have to sum up the revenue generated from each product.
For example, if the firm sells product A for $20 and product B for $30, and it sold 100 units of product A and 50 units of product B, then the total revenue would be (10020)+(5030) = 2000 + 1500 = $3500.
It's important to note that total revenue is not the same as profit. Total revenue only takes into account the money a company brings in, while profit takes into account the money a company spends, such as on cost of goods sold, operating expenses, and taxes.
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A stock has a beta of 1.13, the expected return on the market is 10.7 percent, and the risk-free rate is 4.6 percent. What must the expected return on this stock be
The expected return on this stock is 11.493%.
Beta, B 1.13
Return on Market, Rm 10.7%
Risk-Free Rate, Rf 4.60%
Ke = Rf+ B(Rm-Rf)
Ke = 4.6% + 1.13(10.7%-4.6%)
Ke = 4.6% + 6.893%
ke=11.493%
Shares are a type of protection that gives stockholders a proportion of possession in an employer. shares also are known as “equities. “An inventory is a well-known time period used to describe the possession certificate of any enterprise. A percentage, on the other hand, refers to the inventory certificates of a specific employer. maintaining a particular enterprise's proportion makes you a shareholder. Description: shares are of sorts—common and desired.
A stock is a sort of investment in an organization. agencies problem inventory shares to raise money that allows you to finance operational desires and to fuel growth, and traders buy the one's stock stocks for the possibility to generate a go back on their funding. A proportion is a monetary instrument that represents the component possession of an organization. An inventory is a financial tool that represents part possession in one or more establishments.
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