An economy where there is a wide gap between the compensation of the top workers in certain fields and that of the merely competent workers is called a wage gap.
The term "wage gap" refers to the disparity in earnings between different groups of workers within an economy. In the context of this question, it specifically refers to the gap between the compensation of highly skilled or top workers in certain fields and that of workers who are considered competent but not exceptional. This wage gap can be seen in various industries, such as finance, technology, and entertainment, where top executives or professionals may earn significantly higher salaries compared to their counterparts with similar levels of competence.
For example, in the finance industry, top hedge fund managers or investment bankers can earn millions of dollars, while competent finance professionals who are not at the top level may earn substantially lower salaries. Similarly, in the entertainment industry, highly successful actors or musicians may earn exorbitant amounts of money, while competent individuals in the same field may earn much less.
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An economy where there is a wide gap between the compensation of the top workers in certain fields and that of the merely competent workers is called an Inequitable Economy or Economic Inequality.
An inequitable economy refers to a situation where there is a significant disparity in compensation between highly skilled or top workers in certain fields and those who are considered to be merely competent or average workers. This difference can result in a significant income and wealth gap.
Economic inequality is the unequal distribution of income between different sections of society. It is a concern in almost all countries around the world due to which poor people often stay trapped in poverty with little chance to climb up the social ladder.
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50 pts! I really need help on this. Ignore the distribution part. Dont waste my points ;-; Will give Brainliest
Market Analysis: Research three countries you would like to distribute your game to and summarize the games, their prices, and how they are distributed in those markets (your competition). If you find that you might have chosen a market that is already too competitive, this is the time to identify another country and change your plan.
Countries I chose:
Japan
United States
Great Britain (UK)
Answer:
Japan 183-192billon dollars per year
USA 18.4 billion dollars
UK 5.05billion dollars
QUESTION 8: (3 Marks) Read each of the scenarios below and identify the form of put-away strategy depicted in each: 8.1 Joseline is shopping for her weekly groceries at a supermarket. (1 marks) 8.2 Marcus works at a warehouse that stores dairy products, which they distribute to wholesalers and retailers. ( 1 marks) 8.3 Makro is having their annual end-of-year sale. Regina arrives late to the sale, but manages to buy a bed that has just been placed on the shelf for sale. (1 marks)
Putaway strategies can be defined as the process of placing products in storage areas in a warehouse or other types of storage facilities. It is a critical process in the logistics management system that involves careful consideration of many factors, including the size and weight of products, the available storage space, and the nature of the goods in question.
The following are the forms of put-away strategy depicted in each of the scenarios provided Scenario 8.1: Joseline is shopping for her weekly groceries at a supermarket. Put-away Strategy: Random storage.This strategy is often used in retail stores such as supermarkets where products are placed randomly on the shelves based on availability.
This helps in ensuring that customers can find what they need easily without having to search for too long. Scenario 8.2: Marcus works at a warehouse that stores dairy products, which they distribute to wholesalers and retailers.Put-away Strategy: Fixed location storage.
In a fixed location storage strategy, each item is assigned a permanent location in the warehouse based on factors such as weight, size, and demand. This method is commonly used for perishable goods such as dairy products and fresh produce because they require immediate attention and movement to maintain their quality.
Scenario 8.3 Makro is having their annual end-of-year sale. Regina arrives late to the sale but manages to buy a bed that has just been placed on the shelf for sale.Put-away Strategy Forward picking.In a forward picking strategy, the products that are in high demand or fast-moving are kept in easily accessible locations to ensure that they can be picked and shipped out to customers as soon as possible. In this scenario.
the bed is in high demand, and the forward picking strategy ensures that it is placed at the front of the store to ensure that it is easily accessible to customers.
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Which of the following is an example of the ethical issue of gift-giving in the
health care industry?
Answer:
Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...
Transmission of Diseases. ...
Relationships. ...
End-of-Life Issues
etc.
Answer:
A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.
Explanation:
good luck with your homework <3
usually, _____ leadership behavior satisfies some employee needs, and in turn subordinates tend to exhibit loyalty and compliance.
Transactional leadership behavior usually satisfies some employee needs, and in turn, subordinates tend to exhibit loyalty and compliance.
Transactional leadership is a style of leadership where leaders focus on maintaining order and exchanging rewards for performance. They establish clear structures, set goals, provide instructions, and offer rewards or punishments based on performance. This approach is based on the exchange relationship between leaders and followers, where employees receive rewards or incentives in return for meeting specific expectations or targets set by the leader. Transactional leaders often provide guidance, clarify roles, and ensure that tasks are completed efficiently. In this context, employees may feel satisfied when their needs for structure, guidance, and rewards are met, leading to loyalty and compliance with the leader's directives.
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the securities and exchange commission developed to halt trading in the stock market for a short time when the market has experienced a dramatic decrease in prices.
A. policies
B. regulations
C. circuit breakers
D. taxes
C. Circuit breakers are the securities and exchange commission's developed mechanism to halt trading in the stock market for a short time when the market has experienced a dramatic decrease in prices.
Circuit breakers are a type of market regulation that is designed to prevent stock market crashes by temporarily halting trading in the event of a large and rapid decline in stock prices. The Securities and Exchange Commission (SEC) developed the circuit breaker mechanism to prevent panic selling and to give investors time to assess the situation and make informed decisions.
When triggered, the circuit breaker temporarily halts trading on all stocks, options, and futures markets. The length of the halt depends on the size of the market decline and the time of day when the decline occurs. The circuit breaker is triggered when the S&P 500 index declines by a certain percentage from its previous day's closing price. The thresholds for triggering the circuit breaker are set at 7%, 13%, and 20% declines from the previous day's closing price.
The circuit breaker mechanism is an important tool for preventing market crashes and maintaining market stability. It gives investors time to assess the situation and make informed decisions, rather than selling in a panic and exacerbating the decline. By temporarily halting trading, the circuit breaker mechanism can help prevent large and rapid declines in stock prices from turning into full-blown market crashes.
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Fairmont company has shipped goods to willowbook recreation fob shipping point. Fairmont will recognize sales revenue when?.
Fairmont company has shipped goods to willow book recreation fob shipping point. Fairmont will recognize sales revenue when the goods leave Fairmont's shipping dock.
The notion of revenue recognition is a crucial aspect of accrual-basis accounting. Contrary to alternative cash-basis accounting, which recognizes revenue at the moment cash is received, this accounting approach recognizes revenue once it is thought to have been earned. The revenue recognition concept does not apply in cash-basis accounting.
The revenue recognition principle essentially states that revenues are recorded by businesses when the service or good is deemed supplied to the client rather than when the money is received. It can take longer and more in-depth investigation than one would think to determine what counts as a transaction.
When the products leave the seller's location and are in route to the buyer, sales revenue is recorded. As a result, it will be apparent here when the products leave Fairmount's shipping dock.
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Aj’s candles has a monthly fix costs of 5,500 and average variable costs of 2.50. Demand for its specialist or candles averages 5,000 units per month. The average unit price is $5. The firm has capacity to produce and sell 7,000 candles per month calculate the average costs for AJs candles per month
The current level of demand is 2,500 candles per month, with fixed expenses of $4,000 and variable costs of $3 per candle. $6 is the average price per candle.
What does "average variable cost" mean?In economics, the average variable cost is the term used to describe the variable cost per unit. One can determine the average variable cost by dividing the total variable cost by the output.The average variable cost is used by the businesses to determine whether to stop short-term manufacturing.The combination of variable costs and total output produced is known as the average variable cost (AVC). Average total cost is calculated by dividing the entire cost by the total amount of things produced (ATC).The additional cost incurred when producing one additional unit of output is known as the marginal cost (MC).A. Rent, machine are used as fixed cost of production.
B. Current level of demand / (Fixed costs + Variable costs) equals the current average cost.
Average cost at this time = [$4,000 + (2,500 x $3)] / 2,500
Cost per unit at this time = [$4,000 + $7,500] / 2,500
Average price today is $4.6.
C. Fixed costs plus variable costs equal the total cost of production.
Production costs as a whole equal [$4,000 + (2,500 x $3)]
$11,500 is the total cost of production.
D. Profit = (3,000 x $6) - [$4,000 + (3,000 x $3)]
Profit = $18,000 - [$4,000 + $9,000]
Profit = $5,000
The complete question is:
Johnson's Candles has fixed costs of $4000 each month. Its average variable costs
are $3 per candle. The firm's current level of demand is 2500 candles per month.
The average price of its candles is $6.
a) Using an example, explain what is meant by a fixed cost of production.
b) Calculate the firm's current average costs.
c) Calculate the firm's current total costs of production each month.
d) Calculate the profit if demand increases to 3000 candles per month.
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Wrong Deck. Penny hires Jackson to paint the back deck on her house. She agrees to pay him $200 for the job and he accepts, sight unseen. They enter into the agreement on Tuesday, and he is to paint the deck on Saturday. When Jackson arrives, neither Penny nor her neighbor is at home. He mistakenly paints the neighbor's deck. Penny calls him the next day and asks him why he did not paint her deck. He informs her that he did paint the deck. It is then realized that he mistakenly painted the neighbor's deck. Penny tells him not to worry because the neighbor will be required to pay him. Jackson says that if the neighbor does not pay, he expects all of his funds from Penny. What was the status of the agreement between Jackson and Penny as of Tuesday when they agreed upon the price for the job?
Answer:
This was an executory contract because neither party has fulfilled their contract obligations (consideration). In other words, the contract has not been fulfilled yet, and both parties are still responsible for performing their contract obligations.
Even after Jackson mistakenly painted the neighbor's deck, the contract remains as executory since neither party has performed their obligations.
Which one of the following is an example of an offensive strategy?A. Blocking the avenues open to challengersB. Signaling challengers that retaliation is likelyC. Pursuing continuous product innovation to draw sales and market share away from less innovative rivalsD. Introducing new features or models to fill vacant niches in its overall product offering and better match the product offerings of key rivalsE. Maintaining a war chest of cash and marketable securities
An example of an offensive strategy is C. Pursuing continuous product innovation to draw sales and market share away from less innovative rivals.
This strategy involves actively and continuously developing new and innovative products to attract customers and capture market share from competitors who offer less innovative products. By focusing on product innovation, a company can differentiate itself and create a competitive advantage, potentially leading to increased sales and market dominance. This offensive strategy is proactive and aims to gain a competitive edge by outperforming rivals in terms of product offerings.4
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Suppose university officials feel that the price of football tickets at your school is too expensive and decide to limit how much the athletic department can charge for a ticket to a single game.
When the price of a ticket is limited, the effect would be that there would be a shortage of tickets.
What is a shortage?
A shortage is when the quantity demanded of a product exceeds the quantity supplied. This usually occurs when the price of the good is set below equilibrium price.
When the ticket price is limited, the profit made per game reduces. As a result, it is expected that the number of tickets offered would decline. This would lead to a shortage.
Here is the full question:
Suppose university officials felt the price of football tickets at your school are too expensive and decide to limit the price the athletic department can charge for a ticket to a single game. What will result from this decision? Select all that apply. a. The quality of facilities will decrease. b. An abundance of cheap tickets will be available online. c. A shortage of tickets will exist. d. The football team will offer more tickets to the game.
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I have some questions, here they are:
1. Should I tell my parents I'm adopted?
2. Does it take 18 months for twins to be born? Or 9?
3. If I eat myself will I get twice as big or disappear completely?
4.How am I sure I’m the real mom of my kid?
5.How far of a drive is it from Miami to Florida?
6.Why doesn’t the Earth fall down?
7.Is an egg a fruit or a vegetable?
8.If batman parents are died, then how was he born?
please answer these I really need to know
Answer: 1. You wouldn’t know that your adopted unless someone told you
2.9
3. Die and disappear
4. DNA test
5. Your in Florida
6. Gravitational cling
7. Neither
8. They died after he was born
Explanation:
Challenger Shuttle Disaster: Discuss the potential awards and risks of 3 scenarios (no launch, successful launch, unsuccessful launch), consider the impact of these scenarios on Morton Thiokol engineers. (Note-Typed answer required)
The potential awards and risks for Morton Thiokol engineers in the Challenger shuttle disaster were as follows:
No launch: Risk of losing future contracts but avoiding potential legal and financial repercussions.
Successful launch: Potential for future contracts and business growth but risk of ethical and legal ramifications if issues were ignored.
Unsuccessful launch: Risk of legal action, loss of reputation, and future business opportunities.
Morton Thiokol engineers faced significant challenges in the aftermath of the Challenger shuttle disaster. If the launch was canceled, the company risked losing future contracts and revenue.
However, avoiding the potential legal and financial repercussions associated with a disaster would be a benefit. In the event of a successful launch, Morton Thiokol would have the potential for future contracts and business growth, but also faced the risk of ethical and legal ramifications if issues were ignored or downplayed.
Finally, an unsuccessful launch would result in significant legal action, loss of reputation, and a decrease in future business opportunities. Morton Thiokol engineers would have to weigh these potential outcomes and their ethical responsibilities when making decisions about the launch.
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While fallon worldwide was working with arby’s executives on its campaign, it was decided that the ________ for the campaign should be to increase demand for arby’s other menu items since arby’s consumers primarily associated the restaurant with roast beef and lacked an awareness of arby’s other protein offerings.
The target audience is simply known to bee the consumer to which goods are intended for. While Fallon worldwide was working with Arby’s executives on its campaign, it was decided that the advertising objective for the campaign should be to increase demand.
Advertising is known to consist of some primary objectives such as to inform, to persuade, and to remind.
The goal is simply to make consumers to take action and switch brands, try a new product, or remain loyal to a current brand.
Advertising is kknown as a printed, written, oral and illustrated art of selling. that is aimed to encourage sales of the advertiser's products.
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Would a decrease in the price of a complementary good cause its complement’s equilibrium price to increase or decrease? what about the equilibrium quantity?.
Due to the increase in demand of commodity Y, there will be excess demand. Therefore, the supplier will be motivated to increase the price of commodity Y. The equilibrium price and quantity would tend to increase.
A rise in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. An increase in demand and a decrease in supply will cause a rise in equilibrium price, but the effect on equilibrium quantity can't be determined.
Goods are complementary if a price decrease in one good causes the demand for the opposite to extend. This can be because the 2 goods are typically consumed during a bundle. During this case, the availability of 1 good is increasing which implies its price will decrease.
An increase within the price of a complementary product will cause a fall within the quantity demanded of that product (shift along the demand curve) and a fall in demand for the complements (shift of the demand curve to the left) whose prices haven't changed.
When two goods are complements in consumption, then a rise within the price of 1 of the products will equilibrium decrease the Demand (shift left) for the opposite good and therefore the reverse for a decrease within the price of the primary good. This happens because the 2 goods are consumed together.
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WILL MARK BRAINLIEST
Before Thanksgiving, the price of turkeys increase and the
demand also increases. Is this a violation of the law of demand?
No, according to the demand curve, a price increase results
in a demand increase.
Yes, according to the demand curve, a price increase
results in a demand decrease.
No, a non-price factor is increasing the demand and
causing the demand curve to shift right.
Yes, a non-price factor is increasing the demand and
causing the demand curve to shift left.
a seller who introduces into commerce an unreasonably dangerous product may be subject to a tort action for strict liability. true false
A seller who introduces into commerce an unreasonably dangerous product may be subject to a tort action for strict liability. This statement is true.
Manufacturers, sellers, and lessors of goods are legally liable to consumers, users, and bystanders for harm or losses brought on by the products. A product that is dangerous to the health and safety of the consumer is subject to product responsibility.
If a product is more harmful than the average consumer would reasonably anticipate it to be, or if the producer could have produced a less risky alternative without increasing costs, the product will be deemed unreasonable and dangerous.
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Which of the following is a disadvantage of outsourcing? A. higher cash flow B. hollowing out of the corporation C. reduced strategic flexibility 0 D. required high investment
Outsourcing is a cost-effective way to cut expenses and increase profits, but it can also have some drawbacks. Outsourcing can have a significant impact on businesses and their employees, as well as consumers and the economy as a whole.
The correct option among the following is B. hollowing out of the corporation. Outsourcing is a cost-effective way to cut expenses and increase profits, but it can also have some drawbacks. Outsourcing can have a significant impact on businesses and their employees, as well as consumers and the economy as a whole.
Outsourcing has been criticised for hollowing out of the corporation and reducing strategic flexibility. When a company outsources a portion of its operations, it is effectively handing over control of that function to another company, which can lead to a loss of institutional knowledge and expertise.
Furthermore, outsourcing can lead to job losses for existing employees, who may be replaced by cheaper, outsourced labour. Finally, outsourcing can have a negative impact on the local economy, as the jobs that were once held by local workers are now being performed by workers in other countries.
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A disadvantage of outsourcing is the hollowing out of the corporation, leading to the loss of jobs within the company. It also reduces strategic flexibility by making the company dependent on an outside source.
Explanation:A disadvantage of outsourcing is the hollowing out of the corporation. This refers to the loss of jobs within the company as tasks and positions are transferred to an outside source.
For example, when a company outsources its manufacturing jobs to a developing nation, it reduces the number of high-paying blue-collar positions available in the home country. Similarly, in the white-collar sector, outsourcing can lead to the loss of low-level clerical and support positions.
Reduced strategic flexibility is another disadvantage of outsourcing. When a company outsources certain functions, it may become dependent on the outside source and lose the ability to quickly adapt and make strategic decisions internally. This can limit the company's ability to respond to market changes.
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Which economic decision would be most influenced by a change to interest on reserves: APEX
The economic decision would be most influenced by a change to interest on reserves is A bank is deciding whether to lend money or keep it in reserve. Thus the correct option is B.
What is a Bank?A bank is referred to as a financial institution that allows an individual to deposit and withdraw cash and allow them to borrow funds with a fixed interest rate for the purpose of investment.
As a macroeconomic strategy, adjusting interest reserves would have the slightest influence on people's decisions. As a result, it might influence the way institutions like banks that are a part of the macroeconomic society make decisions about the economy.
To control economic disturbance and attain price level, central banks employ monetary policy, which results in inflation that is low and constant. Therefore, option B is appropriate.
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The complete question is Probably
Which economic decision would be most influenced by a change to interest
on reserves?
A. An individual is deciding whether to take out a bank loan.
B. A bank is deciding whether to lend money or keep it in reserve.
C. An investor is deciding whether to purchase treasury securities.
D. A business is deciding whether to hire additional employees.
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
________ helps people find better solutions to problems using innovative problem-solving methods.
Design thinking helps people find better solutions to problems using innovative problem-solving methods by focusing on empathy, ideation, prototyping, and testing to drive creative and user-centered solutions.
Design thinking is a problem-solving approach that helps people find better solutions by employing innovative methods. It starts with understanding the needs and perspectives of the people affected by the problem through empathy. This empathetic understanding allows for the identification of underlying issues and opportunities. The next step involves generating a multitude of ideas through brainstorming and ideation sessions, encouraging diverse perspectives and unconventional thinking. These ideas are then transformed into tangible prototypes or mock-ups that can be tested and refined based on user feedback. By iterating through this process, design thinking fosters a creative and user-centered mindset, enabling individuals to discover novel and effective solutions to complex problems.
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companies use a predetermined overhead rate rather than an actual overhead rate because ______.
Companies use a predetermined overhead rate rather than an actual overhead rate because to get around this problem.
For businesses, using a predetermined overhead rate rather than an actual overhead rate can be beneficial in many ways.
Predetermined overhead rates provide a consistent and reliable estimate for the total overhead costs of a company, helping to ensure that sufficient funds are being allocated for these costs.
This type of rate also allows for easier budgeting since the amount of overhead costs is known in advance, rather than changing from project to project due to fluctuating actual costs. By using a predetermined overhead rate, companies can easily plan for and budget their overhead costs, helping them to stay on track financially.
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Research simply involves reading about a subject.
- True
✅False
Answer:
Its false
Explanation:
you got it right
researchers working for a certain airline are investigating the weight of carry-on bags. the researchers will use the mean weight of a random sample of 800 carry-on bags to estimate the mean weight of all carry-on bags for the airline. which of the following best describes the effect on the bias and the variance of the estimator if the researchers increase the sample size to 1,300 ? responses
Option (c): Both the bias and the variance of the estimator decrease.
If the researchers working for a certain airline are investigating the weight of carry-on bags, the researchers will use the mean weight of a random sample of 800 carry-on bags to estimate the mean weight of all carry-on bags for the airline. The effect on the bias and the variance of the estimator if the researchers increase the sample size to 1,300 is as follows:
Effect on bias: The bias decreases with the increase in the sample size, i.e., when the sample size increases from 800 to 1300, the bias decreases. Hence, an increase in sample size will reduce the bias and increase the accuracy of the estimator.
Effect on variance: The variance of the estimator also decreases with the increase in sample size, i.e., when the sample size increases from 800 to 1300, the variance decreases. Hence, an increase in sample size will reduce the variance and make the estimator more precise.
Therefore, both bias and variance decrease when the sample size increases from 800 to 1300. Hence, the option (c) is the correct response.
Option (c): Both the bias and the variance of the estimator decrease.
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the analysis and redesign of workflows within and between enterprises in order to optimize end-to-end processes and automate non-value-added tasks is called _____
Business process reengineering, or "BPR," is the examination and redesign of workflows within and across companies with the goal of optimising end-to-end processes and automating non-value-added jobs.
A workflow is the set of activities and procedures needed to finish a particular business activity. A workflow often consists of several stages, each of which calls for particular tasks, people, and materials. Workflows can be created to support a variety of business activities, from straightforward operations like processing invoices to intricate ones like supply chain management or product design. In order to guarantee that processes are effective, economical, and deliver high-quality outputs, good workflow design is essential. Process automation is becoming more and more popular because it may simplify procedures, lower errors, and free up people to concentrate on tasks of higher value.
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A group of investments sold as a package is a
Answer:
Fund or an Exchange Traded Fund (ETF)
Explanation:
This group of investments are generally called a Fund or an Exchange Traded Fund (ETF). These are various assets investments that are bundled together and sold as a single entity which investors can easily buy as one investment. This fund gives the investor easy exposure and diversification to these various assets in their portfolio, but also safety since each individual price affects the overall price of the fund but also protects the one another, meaning if one asset's price falls the other assets in the fund can even out the ROI with an increase in price.
100 points & brainliest!!
Answer:
Economic power
Explanation:
As bussines is affected here by imported goods from other countriesIt also affects the economy of country.So economical power of country can be used.Answer:
Economic power
Explanation:
You have a $12,000 portfolio which is invested in stocks a and b, and a risk-free asset. $5,000 is invested in stock a. Stock a has a beta of 1. 76 and stock b has a beta of 0. 89. How much needs to be invested in stock b if you want a portfolio beta of 1. 10?.
The $4,884 needs to be invested in stock b to achieve a portfolio beta of 1.10.
To calculate the amount needed to invest in stock b for a portfolio beta of 1.10, we need to use the formula for portfolio beta. The formula is:
Portfolio Beta = (Weight of Stock A * Beta of Stock A) + (Weight of Stock B * Beta of Stock B)
Substituting the given values, we get:
1.10 = (0.4167 * 1.76) + (Weight of Stock B * 0.89)
0.4167 is the weight of stock A calculated as 5,000/12,000.
Solving for Weight of Stock B, we get:
Weight of Stock B = (1.10 - (0.4167 * 1.76)) / 0.89
Weight of Stock B = 0.407 or 40.7%
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If the fed wants the federal funds rate to be at if1, what quantity of reserves do they need to make available to banks?
If the fed wants the federal funds rate to be at if1, what quantity of reserves do they need to make available to banks is Qf1.
Given,
referring to the diagram in the image, the fed wants the federal funds rate to be at if1.
The Federal Open Market Committee's (FOMC) target interest rate is referred to as the federal funds rate (FOMC).
The rate at which commercial banks overnight lend and borrow each other's surplus reserves is the aim.
The FOMC, the Federal Reserve System's decision-making body, convenes eight times a year to determine the target federal funds rate, a component of its monetary policy.
This aids in fostering economic expansion.
When the amount of money demanded at the interest supplied, which is Qf1, the reserve fund supply or money supply from the fed curve is vertical at the quantity supplier equilibrium of an interest rate is feasible.
Hence, The Fed will provide Qf1 reserves.
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You are a self-employed accountant who owns Budget Tax Prep, which specializes in tax preparation services. There are many competitors in your industry who offer a similar service, but quality of service varies among competitors. Entry into this industry is relatively easy. Your company's daily demand curve and cost functions, including your own opportunity costs, are currently (with Q being number of tax returns processed per day):
Demand: P(Q) = 100 - 4Q
Total Fixed Costs: TFC = 60
Total Variable Costs: TVC(Q) = (8.5)Q2
Marginal Costs: MC(Q) = 17Q
Find your company's profit maximizing output and price using any method you wish.
Calculate the level of total profit or loss per period that would accrue to the firm under the output and price determined in (a).
What might happen to your profits over time, given the characteristics of your market described above.
For the profit-maximizing production and price, equate marginal cost (MC) to marginal revenue (MR), the derivative of the demand function, and solve for Q. Revenue minus costs is profit. Competition and easy entry may cut tax preparation prices and profits.
The marginal revenue of the firm is the change in total revenue divided by the change in quantity. The demand curve P(Q) = 100 - 4Q, is the firm's marginal revenue.
Therefore, MR(Q) = 100 - 8Q. The profit-maximizing output is found at the quantity that equates marginal revenue with marginal cost,
MR(Q) = MC(Q) 100 - 8Q = 17Q 25Q = 100 Q = 4.
The firm's price is found by substituting Q = 4 into the demand curve
P(Q) = 100 - 4Q P(4) = 100 - 4(4) = 84.
The firm's profit-maximizing price is $84, and its profit-maximizing output is 4 tax returns per day. To find the total profit or loss per period, we use the formula for total profit, which is given:
Total Profit = Total Revenue - Total Costs.
We know that the firm's total revenue is equal to the price times the quantity,
P(Q)Q = 84(4) = 336.
The firm's total fixed cost is $60. The firm's total variable cost is
TVC(Q) = (8.5)Q2 = (8.5)(4)2 = 136.
Total costs, therefore, are TFC + TVC(Q) = 60 + 136 = 196.
Total profit is:Total Profit = Total Revenue - Total Costs = 336 - 196 = $140.
The firm would make a total profit of $140 per period under the output and price determined in part (a).
Profits may decrease over time because the industry is easy to enter, so new competitors may enter the market and drive down prices. Quality of service varies among competitors, so if a new entrant is able to provide a high-quality service at a lower price, they may be able to take market share away from the firm. This would lower the firm's profits.
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