A good for which it is impossible or at least very costly to exclude nonpaying customers from receiving the good and for which many individuals can share in the consumption of the same unit of the good is called a national good. public good. joint good. excludable good.
A public good, public goods are non both non-excludable and non-rivalrous. Non-excludable means that individuals can not be excluded from using it. Use by one individual does not reduce the availability. Examples include knowledge, streetlights and light houses
Hanks arbitrarily purchases a lawn mower, without considering its features or price. however, after using the lawn mower, he acknowledges that he has not come across any other lawn mower of superior quality. in acknowledging the superior quality of the mower, hanks is referring to its _____.
These are underlying atributes that Hank is refering too.
Ready Repair Service enters into a contract to fix washers and dryers in Scrub n' Dry Company's coin-operated laundries. If Ready Repair breaches by only partially performing the contract, Scrub n' Dry can
a. sue Ready Repair for punitive damages.
b. file a criminal complaint against Ready Repair.
c. sue Ready Repair for compensatory and consequential damages.
d. sue Ready Repair for specific performance.
Ready Repair Service enters into a contract to fix washers and dryers in Scrub n' Dry Company's coin-operated laundries. If Ready Repair breaches by only partially performing the contract, Scrub n' Dry can C. sue Ready Repair for compensatory and consequential damages.
Scrub n' Dry can sue Ready Repair if they do not hold up the full contract that was agreed on. Consequential damages are a type of compensatory damage. Since Scrub n' Dry did not receive all of the compensation they were entitled to based on their initial agreement they can sue to be awarded the funds that were lost. Compensatory damages are only meant to compensate a person for what they lost not punish the other company/individual.
If Ready Repair Service partially performs its contract with Scrub n' Dry Company, Scrub n' Dry could sue for compensatory and consequential damages. These damages are designed to cover the cost of the contract's performance and any foreseeable losses due to breach.
Explanation:In the case of Ready Repair Service only partially performing its contract with Scrub n' Dry Company, Scrub n' Dry has remedies under contract law to protect its interests. One such remedy is to sue Ready Repair for compensatory and consequential damages (option c).
Compensatory damages are designed to make the injured party 'whole again' by covering the actual cost of the contract's performance. On the other hand, consequential damages could be claimed if there is a breach leading to specific foreseeable losses, such as lost profits due to the unavailability of the washers and dryers.
Please note that seeking specific performance (option d) is usually applicable to real estate transactions or unique goods and not services. Also, punitive damages (option a) and criminal complaints (option b) are not typical remedies for a breach of contract.
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"other things being equal, which market structure would produce the least output and the highest average product price
Answer:
The answer is monopoly.
Explanation:
Monopoly is a market type where there is only one producer that is capable of manufacturing a certain product. In this type of market, the producer is capable of producing the smallest amount of products and setting the price that the consumers should pay to purchase the product. The former is possible mainly because the company is capable of knowing how many products do they need to manufacture to achieve the target profit – their sales projection tends to be more accurate than other companies that operate in a different market type.
A. identify the phase of the audit in which each activity occurs.
b. put parts 1 through 9 of the audit in the sequential order in which you will expect them to be performed in a typical audit.
c. identify those parts that will frequently be done before july 31.
What’s the question?
Type the correct answer in the box. Spell all words correctly. Which term describes the solution to a multiplication problem? describes the solution to a multiplication problem.
the answer is product
Jenilee promises to pay kyle $500 because "he does not have as much money as other people." jenilee's promise is
a. enforceable because society wants people to keep their promises.
b. not enforceable because jenilee could have paid kyle more.
c. not enforceable because kyle has not given consideration in return.
d. enforceable because the redistribution of wealth is a valid social goal.
c. not enforceable because kyle has not given consideration in return.
In this case, this would be a gift and not a contract.
_____ is a study of variation in a measurement system using statistical analysis.
repeatability and reproducibility (R&R) study
The dialectical method is a form of alternative dispute resolution.T/F
False. Facilitation, conciliation, peer review, ombudsman, mediation, and arbitration are forms of alternative dispute resolution.
False. The dialectical method is not a form of alternative dispute resolution. It is a philosophical technique aimed at discovering the truth through dialogue, while ADR methods focus on resolving conflicts peacefully.
This statement is false. The dialectical method is a philosophical technique used for discovering truth through dialogue, involving an exchange of ideas to arrive at a more accurate position.
While both alternative dispute resolution and dialectics involve discussion and dialogue, their purposes differ significantly. ADR methods such as mediation and negotiation aim to resolve conflicts peacefully outside of judicial processes. Conversely, the dialectical method focuses on exploring and refining ideas to approach the truth, rather than resolving conflicts.
Expansionary policies are intended to _____ economic growth, and contractionary policies are intended to _____ economic growth.
A increase, increase
B decrease, increase
C increase, decrease
- THANK YOU ;)
I think that it’s B.
Bks, incorporated has a research and development (r&d) facility in the arizona desert. only authorized persons are allowed in the facility and all employees and guests must sign a non-disclosure agreement. bks likely considers the ideas of the people in their r&d division to be:
Bks, incorporated has a research and development (r&d) facility in the arizona desert. only authorized persons are allowed in the facility and all employees and guests must sign a non-disclosure agreement. bks likely considers the ideas of the people in their r&d division to be: trade secrets
Andy kaplan is a foreman for jcp enterprises, a regional construction company. he recently ordered some plumbing supplies from the company warehouse for an office building project he is overseeing. when the supplies arrived at the job site, however, he loaded them in his truck and took them home to use in remodeling his master bathroom. what kind of inventory theft scheme did andy commit?
Asset requisition fraud.
In this case, he requested the assets for a legitimate cause (office project) but committed fraud by deciding to take them home and use them for personal use.
A consumer recognizes a need. The next step in the complete decision- making process is for the customer to
The steps in the consumer decision process are:
Recognize the need- Recognizing the need for a product or service
Gather Information- consumer gathers information on the options in the market
Alternative evaluation- Consumer weighs their options among alternatives
Purchase decision- Customer makes the purchase
Post purchase evaluation - Customer reflects on purchase
Answer:
Search for information is the correct answer.
Explanation:
The consumer decision making process helps the consumer identify their needs, put some information together, think about the pros and cons of the different options, and finally, select the most convenient option. So, after the consumer recognizes a need (step number one) the consumer needs to search for information so it is possible to continue.
A 60-day, 12% note for $15,000 dated may 1 is received from a customer on account. the maturity value of the note is _______.
I’m not really sure MABE ask somebody smarter than me.....SORRY
Final answer:
The maturity value of a 60-day, 12% note for $15,000 is $15,118.36, calculated by adding the interest earned over 60 days to the principal amount.
Explanation:
The question concerns calculating the maturity value of a promissory note, which is a financial topic generally covered in business or mathematics classes at the high school level. Specifically, the scenario provided deals with a 60-day, 12% note for $15,000, dated May 1.
The formula to calculate the maturity value of a note is:
Maturity Value = Principal + Interest
The interest can be calculated with the formula:
Interest = Principal × Annual Interest Rate × (Number of Days / 365)
In this case:
Principal = $15,000Annual Interest Rate = 12%Number of Days = 60First, we calculate the interest:
Interest = $15,000 × 0.12 × (60 / 365)
Interest = $118.36 (rounded to two decimal places)
Then, we add the interest to the principal to find the maturity value:
Maturity Value = $15,000 + $118.36
Maturity Value = $15,118.36
Therefore, the maturity value of the note is $15,118.36.
Using 360-degree feedback appraisals makes it more difficult for managers to multiple choice collect anonymous feedback about an employee. unfairly favor or punish particular employees. use a forced-ranking system. understand how an employee interacts with clients or customers. collect performance information form multiple sources.
The answer to the question is (A) unfairly favor or punish particular employees.
Since performance appraisals are commonly given from the superior to the subordinates, 360-degree feedback systems are beneficial for an employee since it provides a more holistic feedback from the people that the employee commonly collaborates with, which isn’t limited to just the superior.
360-degree feedback commonly gives co-workers, superiors, and subordinates the ability to give feedback to the employee in question.
When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and _____?
When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and accountability
Delegation refers to the process of transferring some of the power and authority to the subordinates in order to make them responsible for the particular task and cut off some of the burden from self. Delegation is often from the top-level management to the middle and lower-level management. It occurs in the descending order.
The correct answer is accountability.
The reason for the correct answer:
Accountability is the correct because when the top-level managers transfers some of the responsobility and authority along with these they also transfers some of the accountability so that in the case of the mistake or shortcomings the particular person should be accountable to correct those mistakes and avoid the repetition of those mistakes.
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The ratio of the debt to gdp is a measure of the burden the debt places on the economy.
a. True
b. False
explain how technology and media affect the decisions that families make about purchasing products and services.
Final answer:
Technology and media have a significant influence on family purchasing decisions by providing information, shaping preferences, and contributing to social norms.
Explanation:
Technology and media have a significant impact on the decisions that families make about purchasing products and services.
Firstly, technology influences purchasing decisions by providing access to a wide range of information about products and services. Through platforms like the Internet, families can research and compare prices, read reviews, and make informed choices.
Secondly, media plays a role in shaping consumer preferences and influencing buying decisions. Advertisements and promotional content in various forms of media such as television, social media, and magazines create awareness and desire for particular products or services, leading families to consider purchasing them.
Lastly, both technology and media contribute to the formation of social norms and expectations, which can influence families' decisions on what products or services to buy. For example, if a certain product is portrayed as trendy or popular in the media, families may be more likely to purchase it to conform to societal expectations.
________ involves increasing the complexity of a job to provide a greater sense of responsibility, accomplishment, and achievement.
The answer is job enrichment.
When implementing job enrichment, it typically means that the employee would receive additional responsibilities on top of the ones that he or she is already doing.
The employee might receive responsibilities that his or her superior has. It differs from job enlargement in that the latter means that the employee might receive workload from a job position that is at the same level as hers or his currently, but from a different work function.
Job enrichment is a strategy used in business to increase the complexity of a job, thereby providing employees with a greater sense of responsibility, achievement, and job satisfaction. Intrinsic motivation and Erikson's theory play significant roles in this process. It often leads to better job performance and employee retention.
Explanation:The process you are referring to here is known as job enrichment. Job enrichment is a technique used in business management and human resources to motivate employees. It involves increasing the complexity of a job to provide a greater sense of responsibility, accomplishment, and achievement. This strategy can help create a more fulfilling work environment.
For instance, employees may be provided with more challenging tasks or greater authority in their role. As a result, this offers opportunities for personal growth and professional development. This strategy draws on the concept of intrinsic motivation (motivation that comes from within an individual), which suggests that we are driven to perform tasks because we find them inherently rewarding. This relates to Erikson's theory of motivation and the need to achieve competence.
The satisfaction gained from job enrichment can often surpass the fulfillment received from salary increases alone, as research suggests a weak correlation between pay level and job satisfaction. Instead, factors like role clarity, variety, and responsibility play a more significant role in cultivating job satisfaction. Such strategies can lead to better job performance, employee retention, and a positive workplace culture.
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A survey was conducted two years ago asking college students their top motivations for using a credit card. to determine whether this distribution has changed, you randomly select 425 college students and ask each one what the top motivation is for using a credit card. can you conclude that there has been a change in the claimed or expected distribution? use alpha equals 0.025 . complete parts (a) through (d).
A survey was conducted two years ago asking college students their top motivation for using a credit card. To determine whether this distribution has changed, you randomly select 425 college students and ask each one what the top motivation is for using a credit card. Can you conclude that there has been a change in the claimed or expected distribution? Use α=0.10.
RESPONSE OLD SERVEY NEW SERVEY
Rewards 29% 112
Low Rates 24% 97
Cash Back 21% 107
Discounts 9% 48
Other 17% 61
What type of business product is general motors purchasing when it asks a law firm for bankruptcy advice?
Professional Service
Professional Service is the type of business product that general motors are purchasing when it asked a law firm for bankruptcy advice.
What is the meaning of Bankruptcy?Bankruptcy gives individuals who are unable to fulfill their obligations a fresh start by allowing them to sell assets to pay off their debts or by creating a repayment plan. Rules governing bankruptcy also protect struggling businesses. This section explains the law and the bankruptcy procedure.
Through the legal process of bankruptcy, individuals or other entities that are unable to pay their creditors back can seek partial or complete relief from their debts. Bankruptcy is typically imposed by the a court order that is frequently requested by the debtor.
When you apply for bankruptcy protection, the court will grant you a discharge, freeing you from the duty to pay back some of your debts to your creditors. As stated, after you receive a debt discharge, your creditors are prohibited from contacting you or making collection efforts.
Personal bankruptcy allows you a second chance at life by wiping out all "unsecured" debts such as credit card balances. You have around two years to rebuild your credit after filing for bankruptcy.
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Design capacity is the theoretical maximum output of a system in a given period under ideal conditions. True or false?
your answer would be true
Design capacity is indeed the theoretical maximum output of a system under ideal conditions. Fixed inputs, like a building for a pizza shop, can limit this capacity. However, in real life, achieving the design capacity is often unattainable due to various factors.
Explanation:Your statement is true. Design capacity is defined as the maximum output that a system can theoretically produce during a specific period under ideal conditions. This concept relates tightly with fixed inputs, which are the factors in a production process that cannot be increased or decreased easily in a short period. For example, once a lease is signed for a pizza restaurant, the building becomes a fixed input and defines the restaurant's maximum output capacity. Nonetheless, it's important to note that achieving design capacity in real world situations is highly unlikely. This limitation is due to factors such as machinery wear, human fatigue, and inefficiencies inherent in systems (for example, a car engine or steam turbine are never 100% efficient).
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Which of the following is an example of a quasi-public good?A) cable televisionB) organic applesC) stock of knowledge in the public domainD) crime prevention
A public good is a product or service that is available to all members within a society. This type of good is given by the government or a private individual organization without hesitation of who is allowed to use it. Roads are an example of a public good because there is no exclusion on who can drive on a public road. A private good is excludable and only certain people receive the benefits from it. A quasi-public good has characteristics of a private and public good. A. Cable television is an example of a quasi-public good. Cable TV is available to everyone but for everyone to have the TV, they have to pay for it.
Final answer:
A quasi-public good is similar to a public good but may not fully be nonexcludable or non-rivalrous. The stock of knowledge in the public domain is an example of a quasi-public good because it is widely accessible and does not incur additional costs for more users. Police protection and roads are nonexcludable public goods made available to all citizens.
Explanation:
A quasi-public good is a type of good which is not fully nonexcludable or non-rivalrous, and therefore does not meet the strict definition of a public good, but is still close to a public good in nature. Looking at the options provided, the stock of knowledge in the public domain is an example of a quasi-public good because it is nonexcludable and it almost doesn’t have any marginal cost for an additional person to consume it. This is opposed to goods like cable tv, which is excludable and consumers have to pay to access it.
On the other hand, looking at the examples of nonexcludable goods, police protection and roads are classic examples. These goods are typically provided by the government because they are nonexcludable, meaning they are available to all members of society regardless of who pays for them. In the context of providing services like police protection, everyone in a community benefits when police services are available, and it is not feasible to prevent non-payers from receiving the benefits of such services.
In 2009, the federal government created a program called cash for clunkers whereby consumers could trade in a less efficient car for a more efficient car and receive a higher value than they would have otherwise. how would an economist understand the decision that consumers faced?
An economist would understand the decision faced by consumers in the Cash for Clunkers program as one involving economic efficiency and cost-benefit analysis, taking into account both immediate financial incentives and long-term savings.
By participating in the Cash for Clunkers program, consumers had the opportunity to replace their less fuel-efficient vehicles with more efficient ones, thus increasing their consumer surplus. The program provided direct financial incentives, so the immediate benefit was the monetary value received for trading in an inefficient car. Additionally, the economist would consider the long-term savings on fuel and maintenance costs, which further incentivized the decision to trade in a less efficient vehicle.Moreover, an economist would examine the externalities such as environmental benefits, including the reduction of emissions, which have positive societal impacts. The decision-making process from a consumer's point of view would involve evaluating the trade-off between keeping their current car and the advantages gained from acquiring a more efficient vehicle under the program If the monetary and long-term benefits outweighed the costs, rational consumers would participate in the program.A researcher would like to study the average amount of debt owed by retired people in the United States. What could be an example of a strata sampled? Select all that would apply.
retirees from different states in the United States
retirees who had different jobs in the United States
retirees with different education levels
retirees who lived near the researcher
retirees who returned a survey sent in the mail
Retirees who had different jobs and different income levels.
In stratified sampling, the population is broken up into groups ("strata") that are distinctly different from each other.
A five-cent deposit on beer bottles
a. provides a positive incentive because it rewards people for recycling.
b. provides a negative incentive because it punishes people who do not recycle.
c. is an irrational policy, because it adds to the prices of beer.
d. is an irrational policy, because it fails to take into account selfminus−interest.
a. provides a positive incentive because it rewards people for recycling. It would only impact those doing it which makes it positive renforcement.
Suppose that in 2018, Brazil's annual economic growth rate has dropped to 1.4%. Use the rule of 70 to estimate how long it would take for its real per capita GDP to double.
Answer:
50 Years
Explanation:
The "rule of 70" is an estimate of how many years it will take something to double given a particular interest rate. To calculate, simply divide 70 by the interest rate:
70/1.4 = 50 years
Answer:
50 years.
Explanation:
Rule 70 is used in finance to roughly determine the time required to double the investment. The calculation is made by dividing 70 by the percentage of interest in the period. In this case, we use the annual growth rate, 1.4, thus; 70: 1.4 = 50. This figure shows that Brazil's GDP will be doubled, maintaining growth of 1.4% per year over 50 years.
Zola puts her toys away in the toy chest and goes to eat dinner. her brother, unbeknownst to her, decides to take all of her toys and put them under his bed. as a child who has a theory of mind, when zola returns after dinner, she will 1. look for her toys in the toy chest 2. look for her toys where her brother has hidden them 3. not remember anything about her toys 4. try to think of where her brother likes to hide things
Zola's being a child who has Theory of mine, would know the toys didn't
move on their own, so she would first try to think/remember were her brother
likes to or has hidden things before, then she would precede to looking for where her brother has hidden them
One disadvantage of a partnership is lower monitoring costs. limited liability. difficulty raising funds. it permits greater specialization.
The correct answer is difficulty raising funds.
If a business is owned by a partnership, the company is limited to the amount of money that the partners have to invest. This is different from corporation, because when this type of business needs for funds they can sell more stock.
A few examples of goods that would lead to little or no welfare loss when a tax is placed on them include:
Medication and salt are good examples of this