In a command economy like the old Soviet Union, one is able to improve one's lot and get ahead in society largely through: Group of answer choices Entrepreneurship and risk-taking Innovation and profits Getting high prices for one's products and resources Participating in the political hierarchy
Answers
In a command economy like the old Soviet Union, the ability to improve one's lot and get ahead in society was largely influenced by participating in the political hierarchy.
1. Entrepreneurship and risk-taking: In a command economy, the government typically controls and directs economic activities. Private entrepreneurship and risk-taking are limited, as the government often owns and manages most industries and businesses. Individuals do not have the same opportunities to start and grow their own businesses.
2. Innovation and profits: Similarly, in a command economy, innovation and profits are not typically the driving factors for economic growth and social mobility. The government determines the production quotas, sets prices, and allocates resources centrally. This centralized planning system limits the ability of individuals to innovate and profit from their ideas and efforts.
3. Getting high prices for one's products and resources: In a command economy, prices are typically controlled by the government. The government sets the prices for goods and services, and individuals do not have much control over the pricing of their products or resources. Therefore, individuals cannot necessarily improve their lot by getting high prices for their products and resources.
4. Participating in the political hierarchy: In a command economy, participating in the political hierarchy becomes a significant way to improve one's social and economic status. The government controls the allocation of resources, opportunities, and benefits. By holding positions within the political hierarchy, individuals can gain influence and access to resources, which can lead to improved living standards and social mobility.
Therefore, in a command economy like the old Soviet Union, participating in the political hierarchy was the main avenue through which individuals could improve their lot and get ahead in society.
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Related Questions
pt 1.
Directions: Indicate whether each statement is TRUE or FALSE.
1. Credit is an arrangement in which businesses or individuals can purchase a good or service now and pay for it later. ________
2. Revolving credit requires that borrowers pay the entire balance on the credit account at the end of each month. ________
3. Installment credit enables the credit user to make a purchase provided that they agree to make a down payment and to pay monthly installments. ________
4. Regular credit accounts are sometimes called open accounts because they allow credit users to buy at any time during the set period. ________
5. Budget credit accounts often allow customers to purchase merchandise on credit with the same advantages as they would have with cash purchases. ________
6. In most businesses, the use of bank credit cards is limited. ________
7. Because of their excellent credit ratings, holders of travel and entertainment cards are given free use of the cards. ________
8. A secured loan is also known as a signature loan. ________
9. Unsecured loans are backed by a promissory note. ________
10. The costs of credit include annual fees, finance charges, higher prices, and interest rates. ________
Answers
The given statement "a financial arrangement known as credit allows people or corporations to make a purchase today and pay for it tomorrow" is TRUE.
What is Credit?Credit is a type of financial arrangement that enables individuals or businesses to make a purchase today and pay for it later.
Credit is the trust that enables one party to provide another party with resources or money, but where the second party does not immediately reimburse the first party (thereby creating a debt) but instead promises to pay back or return those resources (or other materials of equal value) at a later date.
The Roman word credit, which means "one believes," is the term's etymological ancestor.
The first party's resources can include things like property, promises kept, or performances.
Therefore, the given statement "a financial arrangement known as credit allows people or corporations to make a purchase today and pay for it tomorrow" is TRUE.
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Correct question:
Credit is an arrangement in which businesses or individuals can purchase a good or service now and pay for it later. TRUE/FALSE
Why is a brand important to a business?
Answers
If you are a Japanese producer who sells products in the US, you want a foreign exchange future without going through the futures market. So, you borrow money in dollars with an interest rate of 5% and immediately convert it to yen at a rate of 1 dollar to 100 yen. Then you put the money in a Japanese interest-bearing account with an interest rate of 10%. What is the forward exchange rate in this case?
Answers
Answer:
104.76 yen per dollar
Explanation:
the forward rate = spot rate x [(1 + foreign interest rate) / (1 + domestic interest rate)] = 100 yen x [(1 + 10%) / (1 + 5%)] = 100 yen x (1.1 / 1.05) = 104.76 yen per dollar
Since the interest rate in Japan is higher than the interest rate in the US, investors will start to purchase more yens in order to gain higher interest rates, which will eventually appreciate the yen against the dollar until both interest rates match.
When there is a market failure, the market outcome is not socially optimal.
true or false?
Answers
Answer: True
Explanation:
At a socially optimal market outcome, the price of goods and services would incorporate all the costs and benefits of producing it including the third party benefits and costs known as Externalities.
When market failure occurs, it is because individual actions have resulted in an inefficient allocation of resources which means that the goods and services on offer will not adequately include the costs of producing gods and services. This is not a socially optimal outcome so the statement above is true.
What is fiat money and why does it have value?
Answers
Which aspect is a disadvantage of being an entrepreneur? A. Entrepreneurs enjoy too much freedom of work. B. Entrepreneurs treat their work as a hobby. C. Entrepreneurs spend less time at work. D. Entrepreneurs do not earn a fixed or regular income. E. Entrepreneurs often lose control over their work.
Answers
I think the answer is D. Entrepreneurs do not earn a fixed or regular income.
The United States enjoys a free market economy in which _____.
(A)most economic decisions are made by the central government
(B)the states have all of the authority to make economic decisions regarding businesses that do not operate across state lines
(C)most economic decisions are allowed to occur naturally as a result of market changes made by government intervention
(D)none of the above
(E)all of the above
Answers
The market demand curve for a monopolist is typically.
Answers
The market demand curve for a monopolist is typically downward sloping, meaning that as the price of the monopolist's product increases, the quantity demanded by consumers decreases.
This is because in a monopoly market, the monopolist is the sole provider of a particular product or service, and consumers have no close substitutes to turn to. As a result, the monopolist has significant market power, and can set a higher price for their product without losing all of their customers.
However, as the price of the monopolist's product increases, some consumers will begin to look for alternative products or reduce their overall consumption, which leads to a decrease in the quantity demanded. This means that the monopolist faces a trade-off between the price they can charge and the quantity they can sell, and must determine the optimal pricing strategy to maximize their profits.
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Ten thousand people wanted to attend a concert, but the stadium only seats 3,000. Because of the high demand, concert officials increased the price of admission to a point
where only 3,000 people were able to afford the price. Which of the following best relates to the other 7,000 people who were unable to attend the concert:
Limited demand
Price incentives
Price rationing
Excess supply
Answers
It would be an example of price rationing. Since 3000 could only attend, they would have to increase the price to gain a profit from the demand.
jacob was recently looking at his company's organization chart in an attempt to discover who reports to whom. jacob is studying his organization's:
Answers
Jacob was recently trying to figure out who reports to whom in his firm by looking at the organisational structure. Jacob is researching the line of command inside his company.
What function does the chain of command serve?The chain of command in a company determines who and when personnel should report to whom from the bottom to the top. Decision-making authority, accountability, and lines of authority are all made possible.
According to the chain of command, a person has more power, authority, and influence the higher up in the organisation they are. The chain of command is divided into four levels: the top management, the middle managers, the lower managers, and the rank and file.
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FILL IN THE BLANK _____ costs represent other sources of sacrifice perceived by consumers when buying and using a service.
Answers
Psychological costs represent other sources of sacrifice perceived by consumers when buying and using a service.
These costs encompass the mental effort, stress, and emotional factors associated with the decision-making process, purchase, and use of a service. For example, a customer may feel anxious about trying a new service or feel overwhelmed by numerous options.
Psychological costs can also include the perception of risk and potential negative consequences. To reduce these costs, service providers can build trust, offer clear and concise information, and provide testimonials or guarantees to alleviate customer concerns. In this way, consumers will be more likely to perceive the overall value of the service as favorable.
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Case Studies Southwestern University: (B)* Southwestern University (SWU), a large state college in SWU's president, Dr. Joel Wisse, decided it was time for his Stephenville, Texas, encolis close to 20,000 students. The school isa vice president of development to forecast when the existing stadium dominant force in the small city, with more stadents during fall and would max out." The expansion was, in his mind, a given But spring than perset residents Winner meded to know how long he could wait. He also sought a Always a football powerhouse, SWU is usually in the top 20 in revenue projection, assuming an average ticket price of $50 in 2010 college football rankings. Since the legendary Bo Pinterno was hired and a 5% increase cach year in future price as its head coach in 2003 in hopes of reading the elusive number 1 ranking), attendance at the five Saturday home games cache Discussion Questions increased. Prior to Pinterno's arrival altendance gerally averaged 1. Develop a forecasting model, justifying its selection over other 25,000 to 29.000 per game. Season ticket sales bumped up by techniques, and project attendance through 2011. 10.000 just with the announcement of the new coach's anival 2 What revenues to be capeted in 2010 and 2011 Stepheville and SWU were ready to move to the big time! 3. Discuss the school's options The immediate issue facing SWU, however, was not NCAA ranking. It was capacity. The existing SWU stadium, built in 1953. has eating for 54,000 fans. The following table indicates attes. This integrated case study at the host the text Ohores facing dance at each game for the past 6 years. Southwestan's footballadium include(A) megte din project One of Pitserno's demands upon joining SWU had been asta- dium expansion, or possibly even a new stadium. With attendance food wie Sauplement website loading the new dim (Chapter ) quality of facilities (Chapter 6 ) braket analysis of increasing, swu administrators began to face the issue head-on. (Char3 weet) imetypring of football programe (Chapter Petersohad wanted dormitories solely for his whletes in the state website, and () iting of campus city office for a dium as me additional feature of any expansion days (Chapter 13) Chapter 4 Forecasting Demand 170 4 Southwestern University Football Game Attendance, 2004-2009 2004 2005 Game Attendees Opponent Attendees Opponent 34.200 Baylor 36.100 Oklahoma 39.800 Tees 40,200 Nebraska 38,200 LSU 39.100 UCLA 26.900 Arkansas 25,300 Nevada 35,100 USC 36.200 Ohio State 2006 Attendees Opponent 35.900 TCU 46.500 Texas Tech 13,100 Alaska 27900 Arizona 39.200 Rice 2009 2007 2008 Game Attendees Opponent Attendees Opponent Attendees 41.900 Arkanas 42.500 Indiana 46.900 46,100 Missouri 48.200 North Texas 50,100 43.900 Florida 44,200 Texas A&M 45.900 30,100 Miami 33.900 Southam 36,300 40.500 Duke 47,800 Oklahoma 49.900 His hade thee wekeah, Sharly popular thief to the expectaty e vende and had tot timpul inainen Opponent LSU Texas Prairie View A&M Montana Arizona Sul
Answers
The case study provided describes the situation faced by Southwestern University (SWU) in relation to the capacity of its football stadium and the need for expansion.
1. Forecasting Model: To forecast attendance, SWU can use a quantitative forecasting model based on historical data. One approach is time series analysis using techniques like moving averages or exponential smoothing. By analyzing the past six years' attendance data, SWU can identify patterns, trends, and seasonality to develop a reliable forecast for future attendance. Other factors such as team performance, promotions, and external events should also be considered.
2. Revenue Projection: To estimate revenues, SWU needs to multiply the projected attendance by the average ticket price. Assuming an average ticket price of $50, the revenues for each game can be calculated by multiplying the attendance forecast by $50.
3. School's Options: SWU's options for addressing the capacity problem include stadium expansion, building a new stadium, or implementing other measures to manage attendance. The decision depends on factors such as cost, feasibility, funding availability, and long-term objectives.
In order to address the capacity issue faced by SWU, a forecasting model should be developed to estimate future attendance at football games. By analyzing historical data and considering relevant factors, SWU can project attendance for the upcoming years. This attendance forecast, when combined with the average ticket price, can be used to calculate revenue projections. Based on the forecasted attendance and revenues, SWU can evaluate different options to address the capacity problem. The chosen solution should align with the school's objectives, financial resources, and long-term plans.
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Keri is making doll clothes for a holiday craft show. the wholesale cost of the materials for one outfit is $9.38. if she sells an outfit for $15, what is the percent of markup? round to the nearest percent.
Answers
The percent of markup is calculated by dividing the selling price by the cost of the materials:
Markup % = (Selling Price / Cost of Materials) x 100
Rounded to the nearest percent, the markup is 60%.
The percent of markup for Keri's doll clothes can be calculated by using the formula:
Markup Percent = [(Selling Price - Wholesale Cost) / Wholesale Cost] × 100
First, we need to find the difference between the selling price and the wholesale cost:
$15 - $9.38 = $5.62
Next, we need to divide this difference by the wholesale cost:
$5.62 / $9.38 = 0.599
Finally, we need to multiply this number by 100 to get the percent of markup:
0.599 × 100 = 59.9%
Rounding to the nearest percent, the markup percent for Keri's doll clothes is 60%.
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Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?
Answers
When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
What are the different types of pricing strategies?
There are 4 types of pricing strategies as follows :
Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
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suppose investment declines by $300. by how much will equilibrium income change if the marginal propensity to consume is 0.8?
Answers
Equilibrium income will decrease by $1,500 if the marginal propensity to consume is 0.8.
Assuming that we are analyzing a closed economy, we can use the formula for the spending multiplier to calculate the change in equilibrium income.
The spending multiplier is equal to 1 / (1 - MPC), where MPC is the marginal propensity to consume. In this case, MPC is 0.8, so the spending multiplier is 1 / (1 - 0.8) = 5.
Therefore, a decrease in investment of $300 will result in a decrease in equilibrium income of:
$300 x 5 = $1,500
So equilibrium income will decrease by $1,500.
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Going forward, to what degree will Walmart be required to adapt its business model in India?
Explain with the evidence from the below.
Can Walmart Crack the Retail Code in India?
Answers
Walmart will be required to adapt its business model in India to a significant degree.
This is because the retail landscape in India is very different from that of the United States and other countries where Walmart operates.One major difference is the prevalence of small, local shops in India, known as "kirana" stores. These stores are deeply ingrained in the Indian retail culture and are often preferred by consumers due to their convenience and personal relationships with shop owners. To compete with these stores, Walmart will need to adapt its model to better serve the local market. Another challenge for Walmart in India is the regulatory environment. The Indian government has strict regulations on foreign companies operating in the retail sector, including restrictions on foreign direct investment and requirements for sourcing products locally. Walmart will need to navigate these regulations and adapt its business model accordingly.Additionally, the Indian market is highly price-sensitive, meaning that consumers are more likely to choose a product based on its price rather than its brand or quality. This will require Walmart to adjust its pricing strategy to remain competitive in the Indian market.
Overall, Walmart will need to make significant adaptations to its business model in order to be successful in the Indian retail market. This will include adapting to the local retail culture, navigating regulatory challenges,and adjusting its pricing strategy.
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canaan, cfa has been working from home on weekends and occasionally saves correspondence and completed research reports on her home computer. because of worsening market conditions, cannan is one of several employees released by her firm. she uses the files on her home computer to request letters of recommendation from her former clients and to show potential employers examples of her work. did cannan violate standard v(c) record retention?
Answers
Yes, Cannan violated Standard V(C) Record Retention of the CFA Institute's Code of Ethics and Standards of Professional Conduct.
According to Standard V(C), members and candidates must appropriately retain and manage records to support their professional activities and fulfil legal and regulatory obligations.
By saving correspondence and completing research reports on her home computer, Cannan failed to adhere to proper record retention practices. The code requires professionals to maintain records in a manner that is consistent with applicable laws, regulations, and employer policies. In this case, Cannan should have followed her firm's policies regarding record retention and should not have stored work-related documents on her personal computer.
Using the files on her home computer for personal purposes, such as requesting letters of recommendation and showing examples of her work to potential employers, further violates the record retention standards as those files were meant to be retained and managed by the firm for legitimate business purposes.
It's important for professionals to be diligent in following record retention policies and guidelines to ensure the integrity, security, and confidentiality of sensitive information and to comply with professional and legal obligations.
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when a country's risk-free rate rises, the cost of equity to an mnc in that country _____, and the cost of debt to an mnc in that country ____, other things held constant.
Answers
When a country's risk-free rate rises, the cost of equity to an MNC in that country generally increases, and the cost of debt to an MNC in that country also increases, other things held constant. The correct answer is A.
This is because the risk-free rate is a significant factor in determining the cost of both equity and debt for MNCs. A higher risk-free rate implies a higher expected return on investments, leading to an increased cost of equity.
Similarly, the cost of debt is also affected as borrowing becomes more expensive due to the higher interest rates. Therefore, the correct answer is A.
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Complete question:
when a country's risk-free rate rises, the cost of equity to an MNC in that country____, and the cost of debt to an MNC is that country ____ other things held constant
a. increases; increases
b. increases; is not affected
c. is not affected; increases
d. is not affected; is not affected
What are the three signs of workplace discrimination?
Answers
Answer:
Inappropriate Questions During a Job Interview.
Lack of Diversity.
Harsh or Demeaning Communications.
Unequal Pay.
Unfair Promotions.
Unjust Disciplinary Actions.
The Takeaway.
Explanation:
if your a real larry fan you can finsh this song
This aint no race but i still take first.....
finsh it
Answers
Answer:ooh idk
Explanation:
Answer:
first place.. take yo man just to shove it in yo face..
lolz i haven't listened to that in a while
Explanation:
ttttpppwwkkk
A marketing strategy that stimulates immediate consumer action is
Opublic relations.
O advertising.
O personal selling.
O sales promotion.
Answers
Answer:
D) Sales Promotion
Explanation:
Sales promotion involves any incentive used by manufacturers to encourage the sales force to actively sell a brand or distributors/consumers to buy a brand.
what is the double entry system?
Answers
Answer: Double-entry bookkeeping, in accounting, is a system of book keeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides known as debit and credit. Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation,
use the table and proivded and explain the law of diminshing returns
plz help asap
Answers
Answer:
The law of diminishing returns states that at some point, the amount of additional output per amount of additional input decreases more and more as more inputs are used. In other words, at some point the marginal product will continuously decrease with more labor (input).
This is reflected in the table, where marginal product decreases past 2 units of labor. At 2 units, the marginal product is 14. This reduces to 6 at 3 units, and further to 2 with 12 units of labor.
Explanation:
What type of business sells to the end consumer
Answers
Answer:
business-to- consumer (B2C)
Explanation:
Commerce is a business model which typically involves the buying and selling of goods or products at a given price.
Generally, commerce comprises of four (4) business models and these are;
1. Business to Business (B2B).
2. Consumer to Consumer (C2C).
3. Business to Government (B2G).
4. Business to Consumer (B2C).
A Business to Consumer (B2C) can be defined as a market which typically involves businesses selling their goods and services directly to the end consumers for their personal use.
Hence, the type of business that sells to the end consumer is known as business-to- consumer (B2C).
Some examples of companies that engage in the Business to Consumer (B2C) business model are; Amazon, Goo-gle, Walmart, Alibaba, Uber, LinkedIn, etc.
Bob Mound, a theater director,
is single, earns $792.02 each
Week, and claims 1 allowance. Use the percentage method to calculate the (a) allowance amount, (b) taxable wage, and (c) amount withheld for federal income tax.
Pls help
Answers
a) $82.08 allowance amount, b) $709.94 taxable wage c) $83.19 amount withheld for federal income tax.
(a) Calculate the Allowance Amount:
The allowance amount for a single individual is $82.08 per allowance for the year.
(b) Determine the Taxable Wage:
Taxable Wage = Weekly earnings - (Allowance Amount × Allowances claimed)
Taxable Wage = $792.02 - ($82.08 × 1)
Taxable Wage = $792.02 - $82.08
Taxable Wage = $709.94
(c) Calculate the Amount Withheld for Federal Income Tax:
Now, we calculate the tax based on the tax rates mentioned above:
Tax = (10% of $100) + (12% of taxable income above $100)
Tax = ($100 × 0.10) + (($709.94 - $100) × 0.12)
Tax = $10 + ($609.94 × 0.12)
Tax = $10 + $73.19
Tax = $83.19
So, for Bob Mound:
(a) Allowance Amount = $82.08
(b) Taxable Wage = $709.94
(c) Amount Withheld for Federal Income Tax = $83.19
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Describe how a formal report is different from an informal report?
Answers
Answer:
Though the report may be several sections long, it is typically much shorter than a formal report. No contents page is included. Informal reports can even be formatted like a memo.
Explanation:
Answer: Informal reports are usually short, one to three pages, with no need for prefatory parts,are informational, include no or limited research,luse a direct approach an personal language. The formal report, however, is worded more objectively, focusing on the problem and the solution.
Explanation:
influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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List the five most common functions of business reports for an
organisation that manufactures electric cars for 1, 2 or 4
passengers. Name the users and the stakeholders involved in each
function.
Answers
The five most common functions of business reports for an organization that manufactures electric cars for 1, 2, or 4 passengers, along with the users and stakeholders involved.
Are as follows: Sales and Marketing Analysis:
Users: Sales and marketing teams, executives.
Stakeholders: Customers, dealerships, investors, shareholders.
Production and Inventory Management:
Users: Operations managers, production teams.
Stakeholders: Suppliers, logistics partners, investors.
Financial Performance Evaluation:
Users: Finance department, executives.
Stakeholders: Investors, shareholders, lenders, regulatory authorities.
Quality Control and Product Development:
Users: Quality control teams, research and development teams.
Stakeholders: Customers, regulatory authorities, investors.
Sustainability and Environmental Impact Assessment:
Users: Environmental compliance teams, sustainability managers.
Stakeholders: Regulatory authorities, customers, environmental organizations, investors. These functions and their corresponding reports serve different purposes and cater to various users and stakeholders within and outside the organization. By analyzing these reports, decision-makers can make informed choices, assess performance, ensure quality, drive innovation, and address sustainability concerns in the manufacturing and marketing of electric cars.
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which program has
budget lidl
year?
A. Social Security
O B. Medicaid
Ο Ο Ο Ο
O C. Defense
O D. Medicare
Answers
Answer: Medicare and social security
Explanation:your welcome
...hype me up ayeeee
Answers
Answer:
Fact: Some fungi create zombies, then control their minds
Explanation:
The tropical fungus Ophiocordyceps infects ants’ central nervous systems. By the time the fungi been in the insect bodies for nine days, they have complete control over the host’s movements. They force the ants to climb trees, then convulse and fall into the cool, moist soil below, where fungi thrive. Once there, the fungus waits until exactly solar noon to force the ant to bite a leaf and kill it.
Answer:
yes
Explanation: