The correct answer to the difference between a low-cost leader strategy and a focused low-cost strategy is option A) " the size of the buyer group that a company is trying to appeal to."
When a company concentrates on a certain consumer group and offers inexpensive services and goods, it is said to have a targeted low-cost strategy. They can reduce their costs by concentrating on a small market. They may offer inexpensive prices because they can rely on experience and predictability. A low-cost provider seeks to offer its items at the lowest price while still making a profit in order to draw customers to the market. This is a broad interpretation of the low-cost strategy because these companies want to appeal to a sizable market. Examples of low-cost strategy come to mind very quickly. For instance, Walmart promotes itself as a low-cost supplier. Walmart's catchphrase is "Save money. Live better."
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____ is a typical example of a system requirement for the control category. a. The customer analysis system must produce a quarterly report that identifies changes in ordering patterns b. The system must maintain separate levels of security for users and the system administrator c. The data entry screens must be uniform, except for background color, which can be changed by the user d. The warehouse distribution system must analyze daily orders and create a routing pattern for delivery trucks
Option D is correct. The warehouse distribution system must analyze daily orders and create a routing pattern for delivery trucks is a typical example of a system requirement for the control category.
What is control category?The control category of system requirements refers to the features and functionality that are necessary for a system to effectively manage and regulate its processes and operations. This can include things like security measures to protect sensitive data, system monitoring and management tools, and automation features that allow the system to respond to changing conditions or user input. Other examples of control requirements might include the ability to generate reports and track performance metrics, or the ability to set and enforce access controls to ensure that only authorized users are able to access certain parts of the system. Overall, the control category is focused on ensuring that the system is able to function efficiently and effectively, and that it is able to adapt and evolve over time as the needs of the users and the organization change.
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What is the most important factor you usually consider when buying something?
The most important and first on this list is the profitable Factor. This bone is the main foundation of any purchasing decision. The reason is simple people can not buy what they can not go.
The need for a product also does not play a part then, but affordability is the most important thing. Price. Before you buy anything, take a good look at the cost. You might be considering buying a high-quality tinge or CBD product.
However, if that is the case, you are willing to spend a little further plutocrat to get what you know is a great item. A client is girdled by four profitable factors when considering any purchase the product, the price, the creation and the deals channel.
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The bookkeeper prepared a check for $58 but accidentally recorded it as $85. When preparing the bank reconciliation, this should be corrected by: Select one:
The book balance is increased by $27. The cheque was written for $58 but was mistakenly recorded as $85. reconciling the bank statements
What does it entail to reconcile?the process of rekindling friendship between two parties or groups after a dispute or fight. [noncount] The conclusion of the trade deal was hailed as a sign of amity between the two nations.
What does the Bible mean by reconciliation?The Greek word for "reconciliation" actually implies to fully alter. The Bible says in Colossians 1:20–22 that sinners are enemies of God and one another in their hearts because of their evil deeds, but that God has made restitution through the sacrifice of Jesus.
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Government intervention of setting price controls can impact the __________________. For example, when a price floor is set above the equilibrium price, a very likely outcome is a ______________ in the market.
Answer:
market equilibrium, surplus
Explanation:
Government intervention of setting price controls can impact the market equilibrium. For example, when a price floor is set above the equilibrium price, a very likely outcome is a surplus in the market.
Which of the following statements is not correct? Multiple Choice An increase in a nation's labor supply will cause its potential output to increase. New technologies or new ways of producing output can cause a nation's production possibilities curve to shift outward. An increase in the quantity of a nation's resources will cause economic growth, but an increase in the quality of resources will not. Economic growth can be illustrated by an expansion of a nation's production possibilities curve.
B) Economic expansion will result from an increase in the quantity of a nation's resources, but not from an increase in their quality.
What is the outcome of economic growth?Understanding Economic Expansion From a macro perspective, there is an increase in GDP, a rise in disposable income per capita, and a decrease in unemployment rates as a result of the abundance of job opportunities. When expansion reaches its zenith, it reaches a peak. When there is a lot of demand for goods, prices start to go up, which is where inflation happens.
What prompted the expansion of the economy?Typically, expansionary periods are characterized by high asset prices, low unemployment, and a high level of consumer and business confidence. Productivity gains, consumer spending, government spending, and foreign investment are just a few of the many possible reasons for an expansion.
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Ryan terlecki organized a new internet company, capuniverse, inc. The company specializes in baseball-type caps with logos printed on them. Ryan, who is never without a cap, believes that his target market is college and high school students. You have been hired to record the transactions occurring in the first two weeks of operations
This transaction is to pay the salary of the graphic designer who has been hired to create the logos for the caps, which are necessary for the business to be able to produce the product and make a profit.
What is transaction?A transaction is an exchange or transfer of goods or services between two or more parties. It is a formal agreement between two parties to exchange something of value, such as money, goods, or services. Transactions can take place in various forms, including in person, over the phone, online, or through a third-party vendor.
Transaction 1:
Ryan Terlecki purchased a new computer system for the company for $2,500.
This transaction is to purchase a new computer system for the company, which is a necessary expense for the start-up of the business.
Transaction 2:
Ryan Terlecki purchased 500 caps from a supplier for $2,000.
This transaction is to purchase the caps that the company specializes in, which are necessary for the business to be able to produce the product and make a profit.
Transaction 3:
The company paid the salary of the graphic designer they hired to create the logos for the caps for the first two weeks.
This transaction is to pay the salary of the graphic designer who has been hired to create the logos for the caps, which are necessary for the business to be able to produce the product and make a profit.
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given ARISEs financial constraints, what, if anything, can be done to continue to attract, motivate, and retain the best employees
The leaders that are exceptional and inspirational create great workplaces. Leaders effectively guide the organisation by leading by example. They actually cherish and care about their staff.
Mutual respect, trust, honesty, and support characterise interactions between leaders and employees. "What drives me to work hard is success. What motivates me to keep going is the knowledge that my diligence and tenacity will enable me to organisation experience more professional achievement staff. The bottom line is another reason why recruiting top talent is important: happier, more engaged workers are probably more productive. Your best course of action is to impress the job applicants.
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How is GNP calculated?
In order to determine GNP, one typically adds up personal consumption expenditures, private domestic investment, government spending, net exports, and any income residents may have from investments made abroad, then deducts that amount from foreign residents' income.
What Is Gross National Product (GNP)?A country's gross national product (GNP) is an estimation of the total dollar value of all the finished goods and services produced over a specific time period using resources held by its citizens.What a country exports less any imports of products and services is what is referred to as its net exports.The gross national product (GNP) and the gross domestic product (GDP), two additional crucial economic indicators, are related. The former measures all output produced inside a nation's boundaries regardless of who owns the production equipment. GDP is the starting point for GNP, which is then increased by residents' investment income from foreign sources and decreased by foreign residents' investment income earned within a nation.To Learn more About GNP Refer To:
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ounty A received equipment that was of a lesser capacity than requested from County B (their mutual aid partner). What best practice is desired to prevent this from occurring
County B provided County A with equipment, however it was of a lower capacity than was asked (their mutual aid partner) To avoid this, standard practices for resource typing are desired.
Resource deployment and use in incidents are defined and categorized by capability, or resource typology. Resource type definitions create a common language and specify a resource's basic capabilities (for tools, teams, and units). Preparedness, Communications and Information Management, Resource Management, Command and Management, and Ongoing Management and Maintenance are the five NIMS Components as described by NIMS 2008. Three NIMS guiding principles are followed by incident management employees while using NIMS components to achieve these priorities: Flexibility. Standardization. Oneness of Purpose. Resources—people, teams, facilities, equipment, and supplies—can be managed systematically by numerous organizational aspects thanks to the National Incident Management System (NIMS) resource management guidelines.
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Refer to Figure 6-18. The price that buyers pay after the tax is imposed is
a. $8.
b.10
c.16
d.24
Given that it is a maximum price set by the government that is less than the equilibrium price, a price ceiling of $6 would be legally binding.
What sort of example would a government-imposed price of $12 be in this market?Answer d is the right one. pricing cap that is restrictive and causes a shortage. The $12 set by the government is less than what is offered on the market. As a result, because it is below the market price, this price ceiling also has legal force.
When is a market enforced a binding price floor?According to the Corporate Finance Institute, a necessary price floor is created when the government sets a price above equilibrium for an item or collection of goods. since it is required by law that prices remain unchanged
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In 2021, Ryan files as head of household and has taxable income of $75,673. None of his taxable income consists of capital gains or qualified dividends. Using the tax tables in Appendix D, his tax liability totals $ (rounded to the nearest dollar).
Using the tax tables in Appendix D, his tax liability totals is $13,843.
What is tax?
Tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, or evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. The purpose of taxation is to finance government expenditure. In modern taxation systems, taxes are levied in money; but, in-kind and corvée taxation are characteristic of traditional or pre-capitalist states and their functional equivalents. The method of taxation and the government expenditure of taxes raised is often highly debated in politics and economics.
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What are the three outcomes of the zone of tolerance?
The three states are “dissatisfaction”, resulting from poor perceived quality “delight” from high quality and “satisfaction” from adequate quality
What are the factors that influence the zone of tolerance?influencing the tolerance range. Time, place, occasion, and culture are the four elements that define range of tolerance.Therefore, both of these variables are included in our updated ZOT framework. Next, four variables—transient service intensifiers, perceived service alternatives, customer self-perceived service roles, and situational variables—have an impact on the level of appropriate service.Range of tolerance is defined by four elements: time, place, situation, and culture.Limit dimensions, unilateral tolerances, and bilateral tolerances are the three fundamental tolerances that appear on working drawings the most frequently.These can be used to identify any shape and are categorised into form tolerance, orientation tolerance, placement tolerance, and run-out tolerance.To learn more about zone of tolerance refers to:
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1. What is Maxwell's filing status?
Single
Married filing jointly
Head of household
Dependent
2. Based on the information provided on this W-4 form, which statement can you assume is TRUE?
Maxwell and his spouse are planning to itemize their deductions this year
Maxwell and his spouse both work, or Maxwell himself has two jobs
Maxwell and his spouse both work at Big City Office Furniture
Maxwell and his spouse are the owners of Big City Office Furniture
3. In order to fill out this W-4 form, Maxwell needed to know all of this information EXCEPT…
His Social Security number
His address
The amount of taxes he has paid in the last five years
The number of dependents he plans to claim on his tax return
4. Assume that Maxwell and his spouse anticipate earning around $110,000 in combined income this year. Given how he’s completed this W-4 form, how many children under the age of 17 does Maxwell have?
1
2
3
4
5. Given how he’s completed this W-4 form, how many other dependents does Maxwell have?
0
1
2
3
6. If Maxwell and his spouse were to have another child, but all other aspects of their life stayed the same, which entries on a new W-4 form would he need to change?
No need to change the form
Step 2
Step 3
Step 4
7. In June, Maxwell’s father comes to live in their home and can count as Maxwell’s dependent. What steps does Maxwell need to take next?
There are no steps Maxwell needs to take
Submit a new W-4, claiming $500 more in Box 3
Submit a new W-4, claiming $2000 more in Box 3
Verbally tell the HR department at Big City Office Furniture
8. How much EXTRA money is Maxwell having held from each paycheck?
$0
$10
$50
Cannot tell from this form
9. A W-4 form is given to you by your employer to complete for that specific job. Which statement below is definitely TRUE?
He started working at this job during the 2019 tax year
He submitted the W-4 a few days after he started
He completed this W-4 for his job at Big City Office Furniture
He lives and works in the same city
10. When Maxwell completes this W-4, who should he submit it to?
Big City Office Furniture
The IRS
No one - he keeps it for his records
His spouse
The Maxwell's filing status is Married filing jointly. The correct option is (B). So, the other statements are, 1(B), 2(B), 3(C), 4(B), 5(C), 6(C), 7(B), 8(C), 9(C), 10(A).
What do you mean by the W-4 form?You must submit a W-4 Form to the IRS to inform your employer of the amount of federal tax withholdings to be made from your paycheck. You can avoid having a sizable debt owed at tax time by accurately completing your W-4.
Therefore, according to all these statements are:
Maxwell's filing status is Married filing jointly.Based on the information provided on this W-4 form, the true statement is Maxwell and his spouse both work, or Maxwell himself has two jobs.In order to fill out this W-4 form, Maxwell needed to know all of this information except the amount of taxes he has paid in the last five years.Maxwell's completed this W-4 form, 2 children under the age of 17.Maxwell's completed this W-4 form, 2 other dependents.If Maxwell and his spouse were to have another child, but all other aspects of their life stayed the same, Step 3 entries on a new W-4 form would he need to change. In June, Maxwell’s father comes to live in their home and can count as Maxwell’s dependent. Maxwell need to take next Submit a new W-4, claiming $500 more in Box 3.$ 50 extra money is Maxwell having held from each paycheck.A W-4 form is given to you by your employer to complete for that specific job. The true statement is he completed this W-4 for his job at Big City Office Furniture.Maxwell completes this W-4, who should he submit it to Big City Office Furniture.To know more about the W-4 form, visit:
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Which one of the following is not a defensive option for protecting a company's market share and competitive position? O Trying to convince dealers/distributors to handle the company's product line exclusively (which, if successful, forces competitors to use other distribution outlets) O Granting volume discounts or better financing terms to dealers and distributors to discourage them from experimenting with other suppliers O Thwarting the efforts of rivals to attack with a lower price by maintaining a lineup of product selections that includes economy-priced options for price-sensitive buyers
O Introducing new features, adding new models, and/or broadening the product line to close off gaps and vacant niches to opportunity-seeking challengers
O Pursuing continuous product innovation to draw sales and market share away from rivals with comparatively weak product innovation capabilities
Pursuing continuous product innovation to draw sales and market share away from rivals with comparatively weak product innovation capabilities for protecting a company's market share and competitive position.
What Is Market Share?
Market share is the percent of total sales in an industry generated by a particular company. Market share is calculated by taking the company's sales over the period and dividing it by the total sales of the industry over the same period.
Product innovation strategies:
1. Determine your company objectives
2. Understand your market at all times
3. Ensure you have a clear value proposition
4. strategy is realistic and that you have enough time, budget, and team power available to achieve
5. Execution
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Which of the following is not one of the characteristics of a mature profession?
a) code of ethics
b) licensing
c) mandatory drug testing
d) mandatory professional development
e) professional education
Mandatory drug testing is not one of the characteristics of a mature profession.
What is Drug testing?In a sample of your urine (pee), blood, saliva (spit), hair, or perspiration, a drug test checks for indications of one or more illicit or prescription medications. A drug test is used to check for drug usage and misuse, which may include:
using any illicit drugs, including cocaine or club drugs
Taking prescription medications improperly refers to doing so in a manner or for a purpose other than that which your doctor has directed. Examples of drug abuse include taking someone else's medication or utilizing a painkiller obtained with a prescription to unwind. The majority of drug testing use urine samples. These tests are capable of detecting drug use anywhere between hours and many days or more before the test.
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What is NOT true of chicken and beef production? * 1 point a. More than seven times as much grain is required to produce 1 kg of beef than 1 kg of poultry. b. More than 1 calorie of energy is needed to produce 1 calorie of beef or chicken. d. The energy content of 1 kg of beef is equal to the energy content of 1 kg of poultry. d. Grain fed poultry and cattle are both primary consumers.
Option d, The energy content of 1 kg of beef is equal to the energy content of 1 kg of poultry.
The energy content of 1 kg of beef is generally greater than the energy content of 1 kg of poultry. Beef contains more fat, which has a higher energy content than protein. Additionally, it takes more energy to produce a kilogram of beef than a kilogram of poultry because of the differences in the feed and resources required to raise cattle versus chickens.
The other options are true: More than seven times as much grain is required to produce 1 kg of beef than 1 kg of poultry. More than 1 calorie of energy is needed to produce 1 calorie of beef or chicken. Grain-fed poultry and cattle are both primary consumers.
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An organization's code of conduct is a(n) Multiple choice question. declaration of personal values. official projection of growth. written code of ethics. record of corporate business.
An organization's code of conduct is a record of corporate business. The corporate business is also known as corporation organization in which a group of company and ruled by state government.
The corporate business is an organization in which the group of individual equity holder or share-holder and company director forms a single organization and also the company which is authorized by the government of country.
To work in the corporate business in which strong relationships by the share-holder and having multiple skills.
The code of conduct is an organization is a record of any corporate business or corporation industry. The code of conduct is an rules and regulations which is followed by every individual in the particular company.
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What are the 5 risk factors?
The five types of Risk factors are genetic, demographic, environmental, behavioural, and physiological.
What do you mean by Genetic type of Risk factors?
Similar health issues can affect grandparents, parents, and kids. You may have inherited risk factors if a specific disease runs in your family.
By way of genes, inherited risk factors are handed from parent to child. Although all humans share the same genes, each person has a somewhat unique variation of these genes. Genetic variations can occasionally lead to disease. In certain rare circumstances, altering just one gene can result in disease. But more frequently than not, diseases are caused by the interactions of small genetic alterations. Consequently, each gene makes a minor contribution to the symptoms.
Therefore, the 5 risk factors are genetic, demographic, environmental, 2, and physiological.
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Six months ago, Christopher bought 500 shares of stock at $25 per share. Today, he sold all 500 shares for $48 per share. What type of tax is Christopher obligated to pay as a result of this financial transaction
Because of this financial transaction, Christopher is required to pay a certain form of tax called capital gains tax.
What exactly are financial exchanges?An agreement between a buyer and a seller to trade products, services, or assets in exchange for money is referred to as a financial transaction. Every transaction involves a shift in the financial standing of two or more companies or people.
Where are business deals made?In the financial account, financial transactions are carefully compiled and recorded. The financial account shows how gross lending sectors deploy their surpluses by buying assets or paying down obligations, and how utilizing sectors gain resources by taking on liabilities or depleting assets.
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Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 4.50 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.50 pounds. Materials cost $5 per pound, but Stefani always takes the 2.00% cash discount all of its suppliers offer. Freight costs average $0.25 per pound. Direct labor. Each unit requires 2.00 hours of labor. Setup, cleanup, and downtime average 0.40 hours per unit. The average hourly pay rate of Stefani’s employees is $12.00. Payroll taxes and fringe benefits are an additional $3.00 per hour. Manufacturing overhead. Overhead is applied at a rate of $7.00 per direct labor hour.
Answer:
The right solution is "$78.55".
Explanation:
The given values are:
Material cost,
= $5 per pound
Average freight costs,
= $0.25 per pound
Downtime average,
= 0.40 hours per unit
According to the question,
The direct material cost per unit will be:
= [tex]((4.5+0.5)\times 5\times 0.98)+(0.25\times (4.5+0.5))[/tex]
= [tex](5\times 5\times 0.98)+(0.25\times 5)[/tex]
= [tex]24.5+1.25[/tex]
= [tex]25.75[/tex] ($)
The direct labor will be:
= [tex]((2.0+0.4)\times 12)+(3\times (2.0+0.4))[/tex]
= [tex]28.8+7.2[/tex]
= [tex]36[/tex] ($)
Manufacturing overhead will be:
= [tex](2.0+0.4)\times 7[/tex]
= [tex]2.4\times 7[/tex]
= [tex]16.8[/tex] ($)
hence,
The standard cost per unit will be:
= [tex]Direct \ material+Direct \ labor+Manufacturing \ overhead[/tex]
= [tex]25.75+36+16.8[/tex]
= [tex]78.55[/tex] ($)
What does zone of tolerance mean?
A zone of tolerance (ZOT) that represents the. range of IS service performance a customer would consider satisfactory
What is zone of tolerance?service to customers Instead than having just one expectation level, expectations have a variety of levels.The idea can be described as having a limited or broad perspective, depending on how wide the tolerance range is. According to some recent studies [9,10], a zone of tolerance should be regarded as "narrow" if its breadth is less than 20% of the point-of-scale being employed.Customers may accept variance within a range of performance, and any improvement in performance within this range will only have a minimal impact on perceptions. This is the significance of the zone of tolerance.Tolerance is a fair and objective attitude toward others, usually the result of a conscious effort on the part of the tolerant partyTo learn more about zone of tolerance refers to:
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In the normal operation of business, you receive a check from a customer and deposit it into your checking account. With your bank statement, you are advised that this check for $775 is "NSF." The bank also informs you that due to the amount of activity on your business account the monthly service charge is $75. During a bank reconciliation, you will a.subtract both values from the cash balance according to the company’s records b.subtract both values from the cash balance according to the bank statement c.add both values to the cash balance according to the bank statement d.add both values to the cash balance according to the company’s records
If I’m reading it correctly, the answer is b. These items are listed on the bank statement and subtracted from the cash balance on the company’s books.
A contract entered into by a minor is voidable at the option of either of the contracting parties.
true/false
Answer:
True.
Explanation:
Under the law, a contract entered into by a minor is voidable at the option of either of the contracting parties, meaning either party can choose to void the contract. This is due to the fact that minors lack the legal capacity to enter into binding contracts.
A 30-year-old was diagnosed with amyotrophic lateral sclerosis (ALS). Which statement by the client would indicate a need for more teaching from the nurse?
A) "I will have progressive muscle weakness."
B) "I will lose strength in my arms."
C) "My children are at greater risk to develop this disease."
D) "I need to remain active for as long as possible."
The statement by the client would indicate a need for more teaching from the nurse is "My children are at greater risk to develop this disease."
This statement indicates that the client may not fully understand the genetic and hereditary aspects of the disease and may need more teaching from the nurse on the causes and risk factors of ALS. It's important for the client to know that ALS is not contagious and that their children are not at greater risk to develop this disease.
A) "I will have progressive muscle weakness."
B) "I will lose strength in my arms."
D) "I need to remain active for as long as possible." These statements indicate that the client has an understanding of the symptoms and progression of the disease and that they are aware of the importance of remaining active as long as possible which is important for their health.
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By creating cool, comfortable stores that invite customers to socialize, Red Mango increased the ______ of its market offerings.
By creating cool, comfortable stores that invite customers to socialize, Red Mango increased the value of its market offerings.
A marketing offering is a good or service that a business offers to clients to satisfy their requirements. A product or service is only one aspect of an offering. It covers the added value that a company provides in the form of convenience, superiority, and support for its products.
PRODUCT AVAILABILITY represents what the market is externally presented with for usage by the market. A reusable PRODUCT SPECIFICATION can be used to create a PRODUCT OFFERING (sometimes referred to as "product spec").
Convenience market offerings, Shopping market offerings, specialty market offerings, and Unsought market offerings are the types of market offerings in the market.
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The owner of a successful restaurant has gotten bored with his business. He
decides to sell it and use the money to start a food truck in a new city.
This situation is an example of which characteristic of the U.S. economy?
O A. Limiting the role of government
O B. Motivating businesses to maximize profits
O C. Prioritizing individual freedom
O D. Promoting competition
Answer:
my best guess would be C.
The owner of a successful restaurant has gotten bored with his business. He decides to sell it and use the money to start a food truck in a new city.
This situation is an example of the characteristic of the U.S. economy that motivates businesses to maximize profits. (B)
What is a business?
Business is the activity of making one's living or making money by producing or buying and selling products
What is the U.S. economy?The U.S. has a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces the free market when it comes to capital use, but it also allows for government intervention for the public good.
What is a profit?Profit, in accounting, is an income distributed to the owner in a profitable market production process.
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Which statement is not a relevant consideration when evaluating a potential conflict of interest in connection with a merger involving your audit client?
1> Whether your firm’s policies prohibit such engagements.
2> Whether a violation of the code would subject your firm to substantial penalties.
3> Whether the appropriate persons at the client consent to your firm’s performing the services.
4> Whether threats to your compliance with the code would be at an acceptable level.
The appropriate persons at the client consent to your firm’s performing the services is not relevant, considering when evaluating a potential conflict of interest in connection with a merger involving your audit client.
What is a merger?A merger is an agreement that unites two existing businesses into one brand-new company. There are different types of mergers as well as several reasons why businesses might merge.When assessing an upcoming or forth-coming conflict of interest with respect to a merger affecting your audit client, if the individuals at the explicit permission with respect to the firm on delivering the assistance is irrelevant.A merger can be defined as a corporate agreement (contract) that combines and unites two (2) or more existing companies into a single (new) company.Some of the considerations which is when evaluating a potential conflict of interest with respect to a merger involving an audit client include the following:Threats to compliance with the code.Existing business firm's policies.Violation of code and substantial penalties.To learn more about merger refer to:
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Economists view the fact that Florida grows oranges, Texas pumps oil, and California makes wine as Oa. confirmation of the infant-industry argument. O b. confirmation of the virtues of free trade. O c. confirmation that specialization in absolute advantage works. O d. confirmation that free trade agreements are not necessary.
The fact that California produces wine, Texas produces oil, and Florida produces oranges is seen as evidence of the benefits of free trade by economists.
California is a state on the west coast of the United States. It is the third-largest state in terms of area and has the most residents in the US, with over 39.2 million people living there in a total area of around 163,696 square miles. It ranks as the 34th most populous subnational entity on the earth and is the most populous in North America. The Greater Los Angeles Area and the San Francisco Bay Area are the second and fifth most populated urban areas in the US, with over 18.7 million and over 9.6 million inhabitants, respectively. The second-most populous metropolis in the US and the most populous city in the state is Los Angeles, which has its headquarters in Sacramento.
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What questions do economic systems answer?
What questions do economic systems answer are given below:
1. What goods and services should be produced and in what quantities?
2. How should these goods and services be produced?
3. How should the goods and services be allocated or distributed?
4. How should the costs and benefits of production and consumption be
shared?
5. What sources of income should be used to pay for the goods and services?
Economic systems are frameworks that define the way a society produces, distributes, and consumes goods and services. They are typically divided into three categories: traditional, command, and market. Traditional economies are based on the customs and beliefs of a society and are usually found in rural areas. Command economies are managed and regulated by a centralized government. Market economies are based on supply and demand and are largely driven by private entities. All economic systems have strengths and weaknesses, and each type of system can be better suited to particular contexts.
To learn more about economic systems
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Joe received a W-2 from his employer that showed he earned $ 45,000 in wages last year. He received a
1099 -INT from his bank that showed he earned $ 500 in taxable interest last year. Joe is single and no one
can claim him as a dependent.
1
Wages salaries, and tips. This should be shown in box 1 of your Form) W-2
Anach your Form() W-2
1
Income
Attach
Form(s) W-2
here.
Enclose, but do
payment
2
Taxable interest. If the total is over $1.500. you can use Form 1040EZ
2
3 Unemployment compensation and Alaska Permanent Fund dividends (see instructions),
3
4
s
Add lines 1, 2 and 3. This is your adjusted gross income.
If someone can claim you (or your spouse if a joint retum) as a dependent, check
the applicable borſes) below and enter the amount from the worksheet on back
You
Spouse
If no one can claim you (or your spouse if a joint return), enter 510,000 if singles
$20,000 if married filing Jointly. See back for explanation
Subtract line from line 4. If line 5 is larger than line 4, cater-
This is your taxable income.
5
6
6
Use the 1040EZ form shown above to calculate Joe's taxable income for last year.
A. $ 0
B. $ 35,000
C. $35,500
D. 55.500
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