Answer:
Explanation:
Amount Available for Depreciation =1200,000-800,000 = 400,000
Depreciation = 400,000*X%
There should be the depreciation table to refer to and find X
David, a middle-level manager in a graphic design firm, presents a detailed estimate of his team's budget and the approximate number of resources required for the next year. In this scenario, David has most likely contributed to developing the company's _____. a. strategic plan b. tactical plan c. single-use plan d. ad hoc plan
Answer:
b. tactical plan
Explanation:
David's production and presentation of a detailed estimate of his team's budget and the approximate number of resources required for the next year. is most likely contributed to developing the company's tactical plan.
A tactical plan contains and details steps that must taken and tasks that must be fulfilled on a daily, weekly, monthly, quarterly, or yearly basis; in order to achieve the goals from the strategic plan.
David's plan can not be referred to as a strategic plan because it is just for one year while strategic plans are typically for longer, as they are very long term in nature.
Tanya is planning a presentation on the best practices in communication. After much thought, she decides to restrict herself to just three key points. Tanya most likely decides to stick to just three key points in her presentation because
Answer:
Only some main points (two or four points can be understood by audiences
Explanation:
Tanya only has to include two to four main points that the viewers will recognize, she has to prepare a lecture about best practices of conversation according to her. She agrees, after much thinking, to confine herself to just three key points. The fewer points she makes, the more she will clarify.By this, she will prepare herself for the best.
The actions of associates in supporting diversity are more important than the actions of managers because associates establish the working climate of the organization. True False
Answer:
False
Explanation:
The climate of the organization refers to the work environment that is perceived by the employees. A positive environment improves employee satisfaction and because of that managers try to maintain this. They can asses the climate in their work groups and make changes in management practices that can affect the working climate. Because of that, the statement that says that the actions of associates in supporting diversity are more important than the actions of managers because associates establish the working climate of the organization is false because the managers as the leaders can improve or not the climate of the organization with their decisions.
Momentum Automobiles, an automobile manufacturer, hires Dreams Inc. to cater to its advertising needs. Momentum is only required to provide the necessary finances and does not take part in any decision making. In the given scenario, Momentum Automobiles would be classified as a(n) (Points : 5)
1. client.
2. illustrator.
3. full-service agency.
4. advertising agency.
5. media organization
Answer:
1. client
Explanation:
The momentum Automobiles commonly known as an automobile manufacturer, hires Dreams Inc. to cater to its advertising needs. Momentum is only required to provide the necessary finances and does not take part in any decision making. In the given scenario, Momentum Automobiles would be classified as Client.
A homeowner in a sunny climate has the opportunity to install a solar water heater in his home for a cost of $2900. After installation the solar water heater will produce a small amount of hot water every day, forever, and will require no maintenance. The homeowner's water bill is thus lowered by a fixed amount every year, forever. How much must the homeowner save on water heating costs every year if this is to be a sound investment? (The interest rate is 5% per year.) A. $145 B. $160 C. $175 D. $190
Answer:
correct option is A. $145
Explanation:
given data
investment cost = $2900
interest rate = 5% per year
solution
formula for present value of perpetuity is
investment cost = fixed cash saving per year ÷ interest rate ..................1
put her value we get fixed cash saving per year that is
saving per year cost = $2900 × 5%
saving per year cost = $2900 × 0.05
saving per year cost = $145
so correct option is A. $145
Final answer:
The homeowner must save at least $145 every year on water heating costs for the solar water heater investment to be considered sound, given an interest rate of 5%. This amount is the required annual saving that justifies the initial $2900 investment into the solar water heater.
Explanation:
To determine how much the homeowner must save on water heating costs each year for the solar water heater investment to be sound, we need to calculate the annual savings required to justify the initial investment at the given interest rate. This can be done by calculating the perpetuity present value (PV) of the annual savings at an interest rate of 5%.
The formula for the perpetuity PV is:
PV = Annual Savings / Interest Rate
Plugging in the numbers:
$2900 = Annual Savings / 0.05
Solving for Annual Savings:
Annual Savings = $2900
0.05
Annual Savings = $145
Therefore, the homeowner must save at least $145 every year on water heating costs for the solar water heater investment to be sensible. Hence, the correct answer is A. $145.
Although Starbucks, Dunkin' Donuts, and McDonald's all strive to provide a good cup of coffee and pastries to their respective target markets, the difference in who they target, how they design their marketing mix, and what they choose as the basis of building their competitive advantage is directly related to their own:_________.A. competitive focus.B. consumer franchise.C. market leadership.D. marketing strategy.E. competitive direction.
Answer:
D) marketing strategy.
Explanation:
A marketing strategy is an action plan that a company must follow in order to achieve their marketing objectives. Generally speaking, the marketing objectives of every company should be to increase sales, market share and maximize profits. The marketing strategy should help the company use its resources in the most effective way in order to obtain the best possible results.
Marketing strategies include:
selecting the appropriate target marketpreparing the marketing mix (4 Ps for products and 7 Ps for services)Existing auction sites, such as eBay, are inherently more valuable to customers than new auction sites. This basic economic fact is called a(n) _____.
Answer:
The correct answer to the following question will be the "Lock-in effect".
Explanation:
Lock-in effect is a concept that can be spoken about either indoor or outdoor economics. Unlike route dependency, lock-in arises in economics whenever an agent behaves in a certain way because it's more productive when considering change costs, although it might not be successful when considering change costs.Operating online shops, such as eBay, Amazon, etc, are infinitely more valuable to the buyer than modern resale sites. The basic economic reality is called the Lock-in Effect.Therefore, Lock-in Effect is the right answer.
22. Which resource management activity establishes common definitions for capabilities of personnel, equipment, teams, supplies, and facilities?
Answer:
Identifying and typing resource
Explanation:
Measurable defined or stated as the capabilities as well as the levels of the performance, resources are identified or recognized and the basis for every category.
The resources comprise of the following kinds or types, which are equipment, aircraft, teams, vehicles and supplies.
Resources are the categories of the typing through the capability, the mobilized the incident management and the response.
Therefore, the identifying and the typing resource is the resource management activity.
Identifying and Typing Resources is the resource management activity that establishes common definitions for capabilities of personnel, equipment, teams, supplies, and facilities. This standardization helps communicate resource needs effectively across teams and organizations, aiding in the better organization, allocation, and utilization of resources.
Explanation:The resource management activity that establishes common definitions for capabilities of personnel, equipment, teams, supplies, and facilities is known as Identifying and Typing Resources. It's a crucial step in resource management that helps in interpreting resource needs effectively. By creating a standardized set of characteristics and associated performances, teams and organizations can communicate their needs appropriately.
For example, a team may identify and type the resources needed for a construction project. They might specify the number of workers, types of machinery, quantity of construction materials, and various facilities needed like transport, storage, etc. By providing clear definitions, they are setting an expectation of what is required to successfully complete the project. This facilitates better organization, allocation, and utilization of resources.
Learn more about Identifying and Typing Resources here:https://brainly.com/question/11981860
#SPJ6
A package of Supreme Security Software compares the software’s features against its competitors’ features. The result is a matrix with check marks and Supreme Security Software has more checks than its competitors. This approach to CVP demonstrates which of the following?True/false
Answer:
True
Explanation:
Supreme Security Software's comparison of feature checkmarks in a matrix demonstrates the competitive value proposition by showing their software's advantages over competitors. Decision matrices, like the one used by Supreme Security Software, are tools for presenting the benefits of a product side-by-side with others, which can significantly influence management decisions and customer choices.
The marketing approach taken by Supreme Security Software, which involves comparing its features against competitors in a matrix format, demonstrates the concept of competitive value proposition (CVP). The company is using a decision matrix to highlight its strengths over its competitors, showing at a glance that it offers more benefits, such as better security, faster access, and superior features. The decision matrix allows Supreme Security Software to present the features of their software side-by-side with their competitors, underscoring the areas where they excel, and aims to convince potential customers that their software is the superior choice.
When facing a business decision, like the one described whether Company X should spend money to improve its existing software versus streamlining production, a decision matrix or other tools like a decision tree can be used to assess various strategies or alternatives. The decision tools facilitate the comparison of multiple criteria and assist in determining which option may yield the best outcome—in this case, it could be either fortifying a strength or addressing a weakness.
In a broader business context, companies often employ CVP analyses through tools like spreadsheets when they contend with cost scenarios, especially services with step-fixed costs. This allows flexibility in exploring alternatives and making informed management decisions, whether in optimizing investments or in procurement strategies.
Using the high-low method, what is the variable cost? $2 per direct labor-hour $2.31 per direct labor-hour $.30 per direct labor-hour $3.33 per direct labor-hour
Answer:
$0.30 per direct labor-hour
Explanation:
The computation of the variable cost per direct labor is shown below:
Variable cost per direct hour = (High maintenance cost incurred - low maintenance cost incurred) ÷ (High direct labor hours - low direct labor hours)
= ($4,000 - $1,900) ÷ (9,000 hours - 2,000 hours)
= $2,100 ÷ 7,000 hours
= $0.30 per direct labor-hour
A married couple abandoned their principal residence in May. They had purchased the house five years ago for $350,000. The house had a current fair market value of $300,000. What is the maximum loss, if any, that they are allowed to deduct on the current-year's tax return for the abandoned property?
Answer: $0
Explanation: As stated in the internal Revenue Code(IRC) as regards the limitations on losses of individuals. Summarily, Losses can only be deducted from tax returns if:
1. Loss is incurred in a trade or business.
2. Loss arising from a profit oriented transaction.
3. Loss arising from theft, casualty or Natural disaster.
However, Loss in the question above can be attributed to abandonment arising from the couple's personal decision which is not covered jn the reasons for loss deduction from tax income stated in the IRC.
Final answer:
The married couple cannot deduct any loss from the abandonment of their principal residence, despite the decrease in value, because personal use property losses are not deductible under the U.S. tax code.
Explanation:
According to the U.S. tax code, losses on the sale or abandonment of personal use property, such as a primary residence, are not deductible. The married couple in the scenario cannot claim a loss on their abandoned property, even though the fair market value is less than what they paid for it. If this were an investment or business property, the tax treatment would be different, and they might be able to claim a deductible loss.
When it comes to personal residences, the tax code is designed to provide tax benefits for gains (within certain limits) under the home sale exclusion, but it does not allow for the deduction of losses in value. This is to prevent tax benefits from being used for declines in the value of personal-use property, which typically fluctuate over time.
Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2 and $149,700 for Year 1. Operating expenses are $122,800 for Year 2 and $127,245 for Year 1. Which of the following statements are true?
A. Operating income has decreased as a percentage of revenue.
B. Operating income has increased as a percentage of revenue.
C. None of these choices are correct.
D. Operating expenses have increased as a percentage of revenue.
Answer:
(B) Operating income has increased as a percentage of revenue
Explanation:
Conducting a vertical analysis,
Operating income (year 1) = Fees earned, less operating expenses
= 149,700 - 127,245 = $22,455
Therefore operating income as a percentage of revenue = 22,455/149,700 = 15%.
Operating income (year 2) = 153,500 - 122,800 = $30,700
Therefore operating income as a percentage of revenue = 30,700/153,500 = 20%.
Therefore, operating income as a percentage of revenue increased from year 1 to year 2.
The vertical analysis of the income statements for the two years shows that operating income as a percentage of revenue has increased from 15% to 20%. Thus, the correct answer is B. Operating income has increased as a percentage of revenue.
Explanation:To perform a vertical analysis, each item on the income statement is represented as a percentage of revenues or fees earned. We first calculate operating income by subtracting operating expenses from fees earned.
Year 1:Operating income is $149,700 (fees earned) minus $127,245 (operating expenses), which gives us $22,455. As a percentage of revenue, this is $22,455 / $149,700 x 100 = 15%.
Year 2:Operating income is $153,500 (fees earned) minus $122,800 (operating expenses), which provides $30,700. As a percentage of revenue, this is $30,700 / $153,500 x 100 = 20%.
Comparing these two results, it's seen that the operating income as a percentage of revenue has increased, so the correct answer is B. Operating income has increased as a percentage of revenue.
Learn more about Vertical Analysis here:https://brainly.com/question/32933126
"The price of a new car increased by 2/3 over the last five years. If the original price of the car was $12,000, what is the price today?"
Answer:
$20,000
Explanation:
First find 2/3 of $12,000. It is $8000.
The price of the car today = $12,000 + $8000= $20,000.
I hope my answer helps you
Based on the premise that, other things equal, countries would prefer a fixed exchange rate, which of the following statements is NOT true?
A) Fixed rates provide stability in international prices for the conduct of trade.
B) Fixed exchange rate regimes necessitate that central banks maintain large quantities of international reserves for use in the occasional defense of the fixed rate.
C) Fixed rates are inherently inflationary in that they require the country to follow loose monetary and fiscal policies.
D) Stable prices aid in the growth of international trade and lessen exchange rate risks for businesses.
Answer:
C) Fixed rates are inherently inflationary in that they require the country to follow loose monetary and fiscal policies.
Explanation:
The following are reasons why countries would prefer a fixed exchange rate:
1) Fixed rates provide stability in international prices for the conduct of trade.
2) Fixed exchange rate regimes necessitate that central banks maintain large quantities of international reserves for use in the occasional defense of the fixed rate.
3) Stable prices aid in the growth of international trade and lessen exchange rate risks for businesses.
Answer:
It’s b
Explanation:
B
A_________ economy is an economic system in which the basic questions of what, how, and for whom to produce are resolved by buyers and sellers interacting in markets
Answer:
Market Economy
Explanation:
A market economy is an economic system in which the decision regarding production and distribution are guided by the individual citizen of the country.
this is also called a Free market system in which the economy of prices and production are influence by the consumer without external government control.
the advantages of Free economy includes; wide variety of goods and services available in the market to suit everybody taste; firms will be force to produces what consumer wants because that is where more profit will be obtained.
Levi’s an experienced marketing strategist for a software company that sells a learning platform to public schools. He developed healthy individual measurement habits that drive his success in constantly evolving his company’s marketing strategies to the schools’ changing needs. What are two habits Levi developed to help him evaluate and adapt his marketing strategies?
Answer:
The two habits that help Levi improve his marketing strategy are:
Measuring: Levi has developed a system to measure his performance in an objective way, and he does so constantly. This allows him to know exactly what his doing right and wrong.Tailoring his strategies to the measurements: Levi does not modify his marketing strategy out of thin air. On the contrary, he looks up his data, and with that input, decides what modifications to make. That is a very smart habit because it allows him to focus on what needs to be improved.
Levi developed two key habits to adapt his marketing strategies: rigorous data analysis to monitor and adjust campaigns, and setting clear goals to keep strategies focused and measurable.
Levi, an experienced marketing strategist, developed two key habits to evaluate and adapt his marketing strategies effectively. First, he might have engaged in rigorous data analysis, monitoring key performance metrics closely to understand the impact of his marketing campaigns, much like a coder who continually evaluates the efficiency of their code to improve user experience. This approach allows him to modify strategies based on performance data continually.
Second, following the principles highlighted by Stephen Covey, Levi would begin with the end in mind, setting clear and specific goals for his marketing campaigns. This habit ensures that each marketing effort is purpose-driven and that success can be measured against pre-defined objectives. Setting specific targets also helps maintain a strategic focus, enabling timely adjustments in response to the dynamic needs of the schools.
Through these habits of continuous learning and strategic planning, Levi is well-equipped to adapt his strategies to meet the evolving needs of his audience.
______ property refers to property that is the product of any innovative activity, such as a screenplay, a music score, or the chemical formula for a new drug.
Answer:
Intellectual property
Explanation:
Intellectual property -
It is category of property , which consists of the intangible creations of the human intellect , is referred to as intellectual property.
The example of the Intellectual property are - trade secrets , trademarks , patents and copyrights .
It refers to the outcome of some innovative activity , like music , plays etc.
Hence, from the given information of the question,
The correct term is Intellectual property .
Financial statements can be used by which of the following groups? A. Regulatory bodies. B. Investors and creditors. C. Individuals. D. All of the above.
Answer:
D. All of the above.
Explanation:
D. All of the above.
Because
A. the regulatory body keeps a check and maintains a balance in setting the standards for the proper functioning of the organization . If it does not use the financial statements how would it know about the proper working or the rules followed or the errors / flaws/ mishandling of the companies. So it uses financial statements.
B. Investors and Creditors
Investors and Creditors usually invest or get services rendered so their prefer using the financial statement for better understanding and their obligations, limitations and consultations.
C. Individuals such as accountants , employees, etc may also use financial statements for their better understanding and daily tasks or performances and follow the same set of standards . . For example if the company uses matching principle the new accountant hired must also use matching principle.
Financial statements can be used by all of the groups mentioned: regulatory bodies, investors and creditors, and individual people. Regulatory bodies use these statements to ensure laws are being followed, investors and creditors use them to assist decision-making processes related to investment or loans, and individuals can use them to keep track of personal investments or make informed decisions.
Explanation:Financial statements can be widely used by a variety of entities and individuals. Option D 'All of the above' is the correct choice here. Regulatory bodies can use financial statements to ensure companies are complying with financial laws and regulations. Investors and Creditors are keen to examine these statements to evaluate a firm's stability, profitability, and growth potential which aids their decision-making process regarding investment or loan respectively. Likewise, Individuals can refer to the financial statements to track their personal investments in the company or to make informed investment decisions.
Learn more about Financial Statements Usage here:https://brainly.com/question/32180450
#SPJ3
When a firm grows larger, many additional layers of managers are sometimes added that do not actually produce any output. At the same time, the firm gains additional bargaining power over the prices it pays to its suppliers. If both of these factors have an equal effect, we would expect this firm to experience:________A. diminishing marginal returns.B. diseconomies of scale.C. constant returns to scale.D. economies of scale.
Answer:
C
Explanation:
C) constant returns to scale.
Returns on scale - when an increase in inputs (capital and labour) cause the same proportional increase in output.
Both the factor nullifies the effects of each other as managerial inefficiency will decrease the effect of external economies of scale in form of bargaining power so constant return to scale is expected.
You are considering adding a wood shop to your home. You enjoy working and could make items for sale. In considering this addition, you look only at the extra cost of the shop and the potential benefits of having the shop. This is an example of:________.
a) opportunity cost decision making.
b) sensitivity analysis.
c) marginal analysis.
d) reasonable assumptions.
The decision-making process of considering additional costs and potential benefits when adding a wood shop exemplifies marginal analysis, which compares marginal costs against marginal benefits.
When considering the additional costs and potential benefits of putting a wood shop in a home, the decision-making process involved is an example of marginal analysis. This type of analysis looks at the marginal costs and marginal benefits of an additional unit, in this case, the wood shop. Marginal costs refer to the extra cost of the new addition, while marginal benefits refer to the extra revenue or utility gained from having the shop. By comparing these, one can decide whether the wood shop addition is a worthwhile investment. Therefore, the correct answer is c) marginal analysis.
Your friends own a lawn care business. They own their own equipment and trailers to transport it. Eventually they buy out another local lawn care company and double their customers. This is an example of
1. ending an oligopoly2. creating an oligopoly3. vertical consolidation4. horizontal consolidation
Answer:
4. Horizontal consolidation
Explanation:
Horizontal consolidation is a process in which the companies which are producing the same or similar goods or providing the similar or same services merges together or one company gets acquired by the other company.
Sometimes Horizontal consolidation may lead to a risk of one company becoming a monopoly.
But Horizontal consolidation also sometimes benefits the customers by reducing the prices because of the large economic scale.
Answer:d
Explanation:test
7. on an average hourly basis, how much does butcher enterprises spend on wages and benefits, respectively, in dollars?
The compensation survey showed an average hourly rate of $23 for total compensation. Of this amount, wages are $16 per hour and benefits are $7 per hour. In comparison, Butcher Enterprises spends an average hourly rate of $19 for total compensation. Of this amount, 70 percent is allocated for wages.
1-7. On an average hourly basis, how much does Butcher Enterprises spend on wages and benefits, respectively, in dollars?
Answer:
Hourly wage = 0.7 * $19 = $13.3
Hourly benefit = 0.3 * $19 =$5.7
Explanation:
Butcher enterprises spends average hourly rate of total compensation = $ 19
Allocation for hourly wage = 70%
So therefore;
Hourly wage = 0.7 * $19 = $13.3
Allocation for hourly benefit = 30%
So therefore;
Hourly benefit = 0.3 * $19 =$5.7
Answer:
wages: $13.3
benefits: $5.7
Explanation:
In the problem above, the butcher enterprises usually budget an average hourly rate of approximately $19 as the total package for each employee. In addition, 70% of this allocation is for wages while the remaining 30% is for benefits. Therefore, we can deduce the hourly rate as follow:
wages: 0.7*$19 = $13.3
benefits: 0.3*$19 = $5.7
A leader inspires followers to achieve more than they thought possible. Followers also tend to have a primary belief in that person. Such a leader most likely is 1. Interactive. 2. Transactional.3. Transformational. 4. Charismatic.
Transformational leader inspires followers to achieve more than they thought possible and the followers belief that person.
Explanation:
A transformational leader has the ability to inspire through their vision as well as personality. A transformational leader inspires the workers to change their expectations and motivate them to work much harder to achieve their goals. The followers blindly belief the leader whatever he or she says. Followers also respect as well as trust the leaders.
A transformational leader has various characteristics, they have the power to take risk as well as they provide proper decision, they accept new ideas as well as they are dynamic in nature.
When reconciling a bank account, which one of the following is considered a timing difference (difference between the bank balance and the book balance)?
Answer:
The correct answer to the following question will be "Errors".
Explanation:
Many of the reasons why the equilibrium on the bank statement differs from the equilibrium of the books involve:
Charges on bank services and printing fees for checking. Errors on both the books for the firm. The bank balance is seen in the bank statement issued by the government and the equivalent figure shown in the financial statements of the company.Therefore, it would be the right answer.
Allowing a company to organize all its videos in one place, making it easy for visitors to get automatic video updates is an example of what?
Answer:
A branded channel on you-tube
Explanation:
You-tube is a place where everyone can generate, upload, and download videos of their happiness. A company can also do similar things to get updated. If a company produces advertisements, it can create a channel for its customers. That channel will help the company to update the new videos for the visitors and customers. It will organize the videos as well.
The owners of Speed-EZ, a new bike messenger service, are concerned about how they will manage their messengers once the messengers have left the office. This is a business problem that falls into the:_______.
a) management dimension.
b) people dimension.
c) organizational dimension.
d) technology dimension.
E) cultural dimension.
Answer: (B) People dimension
Explanation:
The people dimension is the term which used to refers to the various types of business problem where it involve various types of leadership issue in the business and also the management behavior in an organization.
The marketing growth ate transformed in terms of information system as it required a strong networking for managing their messengers services in the office.
There are basically three types of dimension in the business problem are as follows:
PeopleOrganizationTechnologyTherefore, Option (B) is correct answer.
In companies which follow a centralized organizational system, who among the following is likely to be given the title "marketing communications manager"?
Answer:
advertising manager
Explanation:
Centralized organizations are very rigid structures where most of the decisions are made by upper management and then passed to lower management levels.
In centralized organizations, the advertising (marketing) department is responsible for developing promotional plans that must be approved by upper management who will then set a promotional budget and overall marketing objectives.
Centralized organizations that tend to favor in-house advertising usually do it because it lowers costs, but they also have serious issues with flexibility and creativity.
Item Definition Term a. Total revenues less total expenses Revenues b. Provides information for decision makers outside of the organization Financial accounting c. Provides information for managers of the organization d. Responsibilities of the members of society to each other
Answer:
a. Net income
b. Financial accounting
c. Managerial accounting
d. Ethical duties
Explanation:
The items we called are shown below:
a. Net income
As the net income shows a difference between total revenues and the total expenditure incurred
In mathematically,
Net income = Total revenues earned - total expenses incurred
b. Financial accounting
The financial accounting is accounting which keep the tracking of the transactions with respect to the journalizing, posting, recording, summarizing and presented in the financial statements so that it provided the information to outsiders for better decision making
c. Managerial accounting
Managerial accounting refers to the information given to the managers with respect to financial information so that the company objectives and goals could be achieved
d. Ethical duties
Every individual of the society should behave ethically to other people so that the other person should reply in a polite way that shows the principal values of an individual
Describe a time when you form an ongoing working relationship with someone from another team/organization to achieve a mutual goal when it was not easy to do.
Answer:
Marketing collaboration with a Business Competitor
I once participated in a marketing collaboration with a business competitor, with a focus on increasing the market share of my organization.
To this end, we paid a courtesy visit to ALL key existing and potential clients in the industry, with a focus on positioning our organization for current and future business.
Explanation:
I once participated in a marketing collaboration with a business competitor, with a focus on increasing the market share of my organization.
To this end, we paid a courtesy visit to ALL key existing and potential clients in the industry, with a focus on positioning our organization for current and future business.
The United States is efficient at producing software and engineering services, but cannot produce clothes and electronics as efficiently as other nations. As such, the United States sells software and engineering services to other countries and buys clothes and electronics. This is an example of
Answer:
Comparative advantage
Explanation:
The comparative advantage is a theory that refers to the situation in which a country can provide a product or service at a lower opportunity cost than other countries. This country would focus and producing that product or service in which is more efficient and will engage in international trade to get the other products from other countries. Because of this, this is an example of comparative advantage as the United States focused on software and engineering services because is more efficient in producing them and buys clothes and electronics from other countries.