The major difference between a good and a service is how the producer uses the factors of production to create each.

a. True
b. False

Answers

Answer 1

Goods, as well as, services are the two key items that are offered to the consumers and ensure the occurrence of economic activities to take place.

The statement asserting that 'the key distinction between goods and services is that the manner the producer employs various factors in producing them' would be considered:

b). False.

The goods are characterized as the physical objects or items that a producer produces employing different factors like capital, labor, land, etc. to offer it to the consumers for an amount in return.

Examples, clothes, shoes, jewelry, etc.

While the services are the activity or the aid that is provided to them through a set of individuals in order to make the tasks easier for them.

Example: Barber, Tutor, Doctors, etc.

Thus, the statement is false as services are not produced but offered.

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Related Questions

Given the following information concerning a convertible bond:
Principal $1,000
Coupon 5%
Maturity 15 years
Call price $1,050
Conversion price $37 (i.e., 27 shares)
Market price of the common stock $32
Market price of the bond $1,040
a) What is the current yield of this bond?
b) What is the value of the bond based on the market price of the common stock?
c) What is the value of the common stock based on the market price of the bond?
d) What is the premium in terms of stock that the investor pays when he or she purchases the convertible bond instead of the stock?
e) Nonconvertible bonds are selling with a yield to maturity of 7 percent. If this bond lacked the conversion feature, what would the approximate price of the bond be?
f) What is the premium in terms of debt that the investor pays when he or she purchases the convertible bond instead of a nonconvertible bond?
g) If the price of the common stock should double, would the price of the convertible bond double? Briefly explain your answer.
h) If the price of the common stock should decline by 50 percent, would the price of the convertible bond decline by the same percentage? Briefly explain your answer.
i) What is the probability that the corporation will call this bond?
j) Why are investors willing to pay the premiums mentioned in parts (d) and (f)?

Answers

Answer:

I hacemos idea hello ilegalmente

15. Although she hates the work, Jessica has spent most weekends and the last three summers as a short-order cook; she has an associate's degree in paralegal
studies; she loves to ride and spends every spare minute helping her uncle with his three horses. Now that she's planning to start a business, her best choice
would probably be a
O A. fast-food franchise.
O B. riding stable.
© C. restaurant.
D. legal research service.

Answers

I think answer is (b) number because she loves to ride and spend every spare minute helping her uncle with his three horses.

Suppose you are planning for retirement in a two-period world. In the first period you are young and earn $1 million, and in the second period you are old and retired and earn nothing. The interest rate is initially 10 percent, but then it falls to 7 percent. After the interest rate falls, the:

a. income effect will induce you to consume more when you are young.
b. substitution effect will induce you to consume less when you are young.
c. change in interest rates affects the substitution effect but not the income effect.
d. substitution effect will induce you to consume more when you are young.

Answers

Explanation:

i think "A" should be the answer tho I'm not pretty sure about it

provincial government ​

Answers

Answer:

Provincial Government means, anything done before the commencement of the Constitution, the authority or person authorized at the relevant date or administer executive government in the Province in question.

Example:

Canada has 10 provinces, making it a provincial government form.

Jim’s claim under Title VII is _____________.

Answers

Answer:

Jim's claim under Title VII is valid under hostile work environment sexual harassment.

Explanation:

https://corporate.findlaw.com/human-resources/title-vii-and-sexual-harassment-claims.html

g Mr. Zee worked 44 hours during the week ended january 18. he is paid 12 per hour and is paid time and a half for all hours over 40 in a week. what is the net pay for mr zees current paycheck

Answers

Answer:

$544

Explanation:

Hello.

So Mr. Zee works a week of 44 hours, and he's getting paid $12 an hour, and any time over 40 hours a week, he get's paid his normal wage plus half his normal wage, or $6, so as soon as he starts working longer then 40 hours, he is getting paid $18 an hour.

So take 40, multiply it by 12, which gives you $480

Next, take 4, and multiply it by $16 ( his overtime ), which gives you $64.

And lastly, take $480 and add $64, which gives you a total sum of $544

how the looting of shops and malls will affect business in terms of the relationship between social responsibility and triple bottom line

Answers

The looting of shops and malls will affect business in terms of social and triple bottom line relationship.

Triple bottom line is a business concept in  which businesses focus and look for the impact on social and environment by their business activities.

If a shop or mall is looted it will have great impact on environment and social relationship.

The businessmen will feel insecure in the state and will be afraid of investing more money into business.

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reasons for looting in SA​

Answers

Answer:

i dont now you have to geve me more infoemation sorry

Which of the following words is easy to pronounce and remember?
1,Eudemos 2,Udemos 3,Defenshell 4,Defeme 5,guard-Juicy
6,Urban-Juicy 7,Speed-S 8,X-tend 9,J-self

Answers

Answer:

X-tend 9

Explanation:

Answer:

In my opinion I think

7, speed - s.

Attending classes is a faster and more efficient method of learning new skills as compared to electronic performance support systems (EPSSs).

a. True
b. False

Answers

Answer:

b.False

Explanation:

It is not scientifically proven because both can do depending on your work ethic

What do you know about the company/organization you wish to work for?

Answers

Explanation:

Financial health of the company.

Company's brand value.

Work culture and environment.

wages and salary ofc

Jason purchased 500 shares of XYZ stock at $17.12. One year later he sold the 500 shares at $18. He paid a transaction fee of $19.95 for each transaction. What was the amount of gain or loss on the sale?

Answers

Hi

assuming he bought and sales all in the same order we have :

500x18 - 500x17.12 - 2* 19.95 =

I let you do math.

Answer:

420.05$. He gained.

Explanation:

1800$*500=9000$

17.12$*500=8560$

and he had to pay 19.95$ for transaction.

so,the amount he gained is 9000$-8560$-19.95$

=420.05$

Name and explain money notes

Answers

Answer:

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfils these functions can be considered as money.

Assuming equal time intervals between the payments and a constant rate of return, which of the following cash flow patterns represents an annuity?
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
A) $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000
B) $ 500 $ 0 $ 500 $ 500 $ 500 $ 0
C) $ 100 $ 200 $ 300 $ 400 $ 500 $ 600
a) A
b) B
c) C
d) Any of the above

Answers

C. Is the correct answer,

The following cash flow patterns represent an annuity  $ 100 $ 200 $ 300 $ 400 $ 500 $ 600. Thus, option (C) is correct.

What is Cash Flow?

The net balance of money coming into and going out of a business at a particular period is referred to as cash flow. A firm constantly receives and expends cash. Cash flow is a metric for how much money a company

Earned or spent overall during a given period of time. On the statement of cash flows, a common financial statement, cash flow is often divided into cash flow from operating activities, investing activities, and financing activities.

Time intervals between the payments and a constant rate of return, which of the following cash flow patterns represents an annuity. following cash flow patterns represent an annuity of $ 100 $ 200 $ 300 $ 400 $ 500 $ 600.

Therefore,  Thus, option (C) is correct.

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When is China's economy set to overtake US?​

Answers

Answer:

China would overtake the US to become the world's largest economy set by 2028.

Explanation:

hope it would help.

The mass of the eggs laid by a certain breed of hen is normally distributed random variable with mean 0.06kg and standard deviation 0.009kg. if a random sample of 1800 eggs are sold, how many would you expect to have mass
i. less than 0.052kg
ii. between 0.052 and 0.075kg)
III greater than 0.075





Answers

The correct answer by the standard deviation would be as follow:

i. less than 0.052kg - 288 eggs

ii. between 0.052 and 0.075kg) - 1476 eggs

III greater than 0.075 - 36 eggs

Given:

number of the samples, n = 1800 eggs

the mean of the distribution, m = 0.06 kg

standard deviation, d = 0.009 kg

(i) less than 0.052 kg (standard size):

1 standard deviation below the mean = m - d

m - d = 0.06 kg  -  0.009 kg = 0.051 kg

(the standard size is 1 standard deviation below the mean)

less than 1 standard deviation below the mean in a normal distribution is = 16% of the given samples

Number of standard size = 0.16 x 1800

= 288 eggs

(ii) Between 0.052 kg and 0.075kg (medium size):

0.052 kg is 1 standard deviation below the mean

2 standard deviations above the mean:

> m + 2d

> m + 2d

> 0.06 + 2(0.009)

= 0.078 kg

Between 1 standard deviation below the mean and 2 standard deviation above the mean in a normal distribution

= (68 + 14)%

= 82%

Number of medium size = 0.82 x 1800

= 1,476 eggs

(iii) Greater than 0.075 kg (large size):

0.078 kg is 2 standard deviations below the mean

greater than 2 standard deviation above the mean in a normal distribution = 2 % of the number of given samples

Number of large size = 0.02 x 1800

= 36 eggs

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What can you suggest to warner Edwards in terms of marketing strategy

Answers

Answer:

Warner Bros focuses a lot on the people as an organization whether it’s the employees or the customers. The key people involved are Kevin Tsujihara (Chairman and CEO), Edward A. Romano (Vice Chairman), Toby Emmerich (President and Chief Content Officer). Its parent company TIME Warner has over 31000 employees. The Warner Bros company and its people focus on diversity that helps in multicultural expansion, workforce development and inclusive growth. It does not differentiate between its customers and focus on providing quality content to all across the globe.

I would suggest that only advertisement doesn't make people to buy it.

explain how the looting of shops will affect businesses in terms of relationships with social responsibility and triple bottom line

Answers

the looting of shops and malls would ruin and affect business of the relationship between Consumers and responsibility

Sanjay, the new HR Manager at Charlemagne Tools Inc., examines the application form that the company has been using for the last two years. According to the guidelines set by the Equal Employment Opportunity Commission and various court decisions, which of the following is an illegal question on the application form?

a. Will you be able to relocate for the job
b. Can you perform the duties of the job with reasonable accommodation
c. What is your main area of work expertise
d. Whom should we contact in case of emergency

Answers

B, that’s what u got

Can you perform the duties of the job with reasonable accommodation of the following is an illegal question on the application form. Thus, option (b) is correct.

What is job?

The term “job” refers to being employed by a particular company. The job creates an opportunity to build a career. A job provides financial support and allows you to gain experience. There are producers, builders, thinkers, and improvers.

Hr manager at the company of Charlemagne Tools Inc., are the main work to the hiring the candidate for the job. The application form are the question was the asked to execute the works of the job with sensible accommodation.

As a result, they perform the duties of the job with reasonable accommodation. Therefore, option (b) is correct.

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dentify examples of economic systems in the Philippines. Describe how these systems address economic questions.

Answers

Answer: The Philippines has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Philippines is a member of the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeast Asian Nations (ASEAN).

Explanation:

There are many different types of economic systems used throughout the world. Some examples are socialism, communism, and capitalism.

QUESTION ONE
You have been hired as a consultant to Freedom Inc. a consumer-focused financial institution intending to enter the Ghanaian market. Critically analyse what factors you shall consider in advising Freedom Inc. on how it should set its lending interest rates, accounts commissions, fees & charges. [15 marks]

Answers

Freedom Incorporated must take into consideration the following factors before it can arrive at its own rates, fees, charges, and commissions:

The position of other competing financial institutions;the position of the Reserve Financial Institution.

The Reserve Financial institution uses discount rates, reserve requirements, and other monetary policy tools to control the baseline rate below which the banks cannot charge in other to remain profitable.

The discount rate is the rate at which the financial institutions must borrow funds from the reserve institution for onward lending to customers.

Because it is about to enter the market, Freedom Incorporated must use the price penetration strategy by setting rates, commissions, and charges that are slightly above those of the reserve bank but relatively lower than those of other banks so that it can gain traction and patronage quickly.

Care must be taken to consider operating costs. Business economics requires that every business must operate at the point where revenue is in excess of costs. The rates that Freedom Inc. will adopt must meet this requirement.

The reserve requirement is the percentage of its money that a financial institution must bank with the reserve bank. The higher this requirement, the lower the power of the commercial institution to lend to borrowers. When this happens, the cost of banking (that is, rates, charges, commissions, etc) goes up generally. The obverse is also true.

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When deciding what price to charge customers, a firm may choose to charge different prices based on customers:________
a. Age
b. llingness to pay
c. Location
d. All of the above

Answers

Answer:

I would say d

Explanation:

it depends on what services are being exchanged and how easy or difficult it is

A sales rep is talking to a prospect about his companys product the prospect says shes been buying from a competitor for 10 years and likes thier product. What should the rep do first?

Answers

Ask what exactly about that competitor does the prospect like. From there compare how your product is just as good as theirs and then some by telling the prospect about what sets you apart.

The best statement that the sales rep should first do is guarantee the prospect a better price than they can get from the competitor.

A sales rep serves as a window for a firm sales because they meet directly with the prospect.

In conclusion, the best statement that the sales rep should first do is guarantee the prospect a better price than they can get from the competitor.

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MCQ: An advantage of 'forced distribution method' is
A. avoids central tendency and biases
B. avoids central tendency and biases
C. provides behavioral anchors
D. end up with predetermined rating figures

Answers

Answer:

A. avoids central tendency and biases

Explanation:


Some people argue that air is not an economic good. Explain why you agree or
disagree with this statement.

Answers

Answer:

Answer:I agree with this statement to a certain degree as air cannot be brought and sold it’s the only thing that can’t be taken physically from someone even if you are poor or don’t own much money u are a blé to breath without the need to think of expenses

Explanation:

Which of the following is true regarding the unrestricted use of new technologies and the most compelling reason for prudent and ethical assessment of its consequences?
a. Immediate advantages should outweigh long-term side effects of technology.
b. Technological innovation is considered neutral and value-free.
c. Many well-meaning technologies have inadvertently produced unforeseen harm.
d. Artificial control of nature will result in producing oppressive control over others.

Answers

For non-restricted use of new technologies & for prudent & ethical analysis of its result represent that many technologies should be inadvertently generated unexpected harm.

The following information should not be relevant:

The instant advantage does not outweigh the technology side effects for the long term.Technological innovation should not be relevant as neutral & value-free.Nature control should not result in generating control over the others.

As various new technologies are being adopted by an individual & company but it should result in harm later on.

So it has become important for carrying out the assessment in advance.

Therefore we can conclude that For non-restricted use of new technologies & for prudent & ethical analysis of its result represent that many technologies should be inadvertently generated unexpected harm.

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A strategy to earn foreign exchange by making domestic industries competitive in the international market is called: a. Export promotion b. Import substitution c. Inward looking trade policy d. Both (b) and (c)​

Answers

Answer:

a

Explanation:

It's export promotion

p.s. give me the brainliest answer

You are the manager of the best-performing subsidiary in an MNE. Because bonuses are tied to subsidiary performance, your bonus is the highest of all subsidiary managers. Now headquarters is organizing managers from other subsidiaries to visit and learn from your subsidiary. You worry that if performance at other subsidiaries catches up, your subsidiary will no longer be the star unit and your bonus will go down. What are you going to do?

Answers

I am the bonus and will try hard to be the bonus to be bonus

what were the activities of the apostles

Answers

Answer:

spending the gospel to none jews

Answer:

They could testify to his being God's son, working of miracles and teaching, his dying on the cross, his resurrection to a new creation body, his ascension into heaven, and his sending of the Holy Spirit.

Beatrice invests $1,330 in an account that pays 3 percent simple interest. How much more could she have earned over a 4-year period if the interest had been compounded annually

Answers

Answer:

7.3$

Explanation:

Simple interest=1330*3%*4

159.6+1330=1489.6

compound interest

1496.93

therefore minus both answers and you will get the difference

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