Answer:
c. full employment
Explanation:
The classical theory states that the existence of full employment is normal in economy.To classical economists, the diversion of economy from full employment is something abnormal. Classical theory states that unemployment is caused in economy due to involvement of trade union legislation and minimum wage legislation in free market system.
So the answer is c. full employment
An updating amendment to form ADV must be filed by an investment adviser with the SEC within __ days of the firm's fiscal year-end.
Answer:
90 days
Explanation:
Form ADV is the “uniform form” which is used by "investment advisers". It is registered with SEC and also with state security authorities. It is the “primary disclosure document” that must be brought to advisory clients. One must update amendment to Form ADV every year, and must be filled by an investment adviser with SEC within "90 days" after the end of the fiscal year.
Once amendment submitted, one must update the responses to all items. It might also be filed promptly anytime during the year in case some changes need to be reflected.
Which of the following is a distinctive feature of metes and bounds descriptions?
Answer:
They identify an enclosed area, beginning and ending at the same point
Explanation:
A prominent constitutional kind of land record in the US, metes-and-bounds classifications are generally related wheresoever survey areas remain unusual in appearance as well as size. The field edges are run out through distances as well as courses, and masterpieces, real rather unnatural, are determined near the angles rather corners. They identify an enclosed area, beginning and ending at the same point that is a distinctive feature of metes and bounds descriptions.
Which of the following statements are true regarding the use of index funds as investment vehiciles for asset classes?
Answer:
IV) Index funds are broadly diversified
Explanation:
The use of index funds increase diversification since they hold all the securities in the index. By holding all the stocks of the index, the risk lowers (it approaches systematic risk) and the expected returns should be very similar to the expected market returns.
Ally Manufacturing has an average accounts payable balance of $420,000. Its average annual cost of goods sold is $10,220,000. It receives terms of 2/15 net 30 from its suppliers. Is Ally managing its accounts payables well? A. Yes, since it, on average, chooses not to take the discount, but pays when payment is due. B. Yes, since it, on average, takes the discount, and pays at the end of the discount period. C. Yes, since it, on average, stretches payment beyond the due payment date. D. No, since it, on average, does not take advantage of the discount period and pays well before payment is due.
Answer:
B
Explanation:
Since it, on average, takes the discount, and pays at the end of the discount period.
Crane Company is planning to sell 870000 units for $1.50 per unit. The contribution margin ratio is 20%. If Crane will break even at this level of sales, what are the fixed costs?
Answer:
Crane Company is planning to sell 870000 units for $1.50 per unit. The contribution margin ratio is 20%. If Crane will break even at this level of sales, what are the fixed costs?
$261,000 would be the fixed cost
Explanation:
870000 X $1.50= $1,305,000
20/100= 0.2
0.2 X 1,305,000= $261, 000
If the economy is in recession with high unemployment and output below potential GDP, then __________________ would cause the economy to return to its potential GDP
A. A tight monetary policy
B. Fewer loanable funds
C. A loose monetary polity
D. Higher interest rates
Answer:
option c is the correct answer: loose monetary policy
Explanation:
option c is the correct answer: loose monetary policy
monetary policy is refer to that policy in economic system of state which describe the supply and distribution of money by government. Therefore if loose monetary policy applied then it should easy accessible to all people and directly boost the economy.
Loose monetary policy refer to the cutting of high interest rate which benefit to all people.
Economy a times often experience recession. If the economy is in recession with high unemployment and output below potential GDP, then a loose monetary policy.
A recession is known to be a phase of a business cycle that is often characterized by low Gross Domestic Product and high levels of unemployment.In recession, the governments often deploy both fiscal and monetary policies. Monetary policy is a combination of tools that a nation's central bank makes available to promote sustainable economic growth .
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Dan is sent on a foreign assignment to London. On his return, he is rewarded with a flattering story about his experiences in the company newsletter and a meeting with executives to discuss opportunities for using what he learned in key assignments. The firm's recognition of Dan's service can be best described as a form of _________.
A. expatriationB. validationC. accreditationD. cross-cultural preparationE. adjustment
Answer: validation
Explanation: Validation is the method of creating documentary evidence that demonstrates that a research, procedure, or operation conducted and then processed retains at all times the desired level of conformity.
In the given case, the firm has to evaluate the experience that Dan has and have to decide if his knowledge get the firm its desired results. Thus, we can conclude that the given case depicts validation.
If the inflation rate increases faster than their income. True or False
Answer:
The correct answer is True.
Explanation:
In this case people will most likely use a higher proportion of their incomes on basic needs.
It decreases the purchasing power of money: Inflation affects money as an accumulator of value and thus reduces purchasing power to people's income. In inflationary periods this fundamentally affects those people who have fixed incomes. In reality, there is a change in the distribution of income, since as income grows at a faster rate than prices, it can thus benefit from an inflationary process, but otherwise it causes damage.
How do method variables such as depth of solution, data collection method, etc vary the rate of photosynthesis?
Answer:
The method variables such as depth of solution, data collection method etc. vary the rate of photosynthesis due to their influence on the variables of light intensity, temperature, carbon dioxide, light quality.
Explanation:
During photosynthesis, O2 gas is used and CO2 is produced simultaneously using a light as energy source whose intensity may vary, a solution with different depth varies to provide water and sodium bicarbonate varies to provide dissolved CO2 as the more sodium bicarbonate is added, there is a greater amount of carbon dioxide on it, this will resultin an increase in the speed of photosynthesis.
There is always the possibility of human error in experiment variables which may lead to different measures of the maximum rate on photosynthetic capacity (Amax) or the rate in which leaves are able to fix an amount of carbon dioxide per metre squared per second, for example as μmol m−2 sec−1.
When a company lengthens a product line by adding more items within that lines current range, they are __________.
product line filling
product line stretching
product mixing
increasing product depth
building product equity
Answer:
The answer is product line filling.
Explanation:
As said, the strategy involves adding more products to the current range. This is mainly used to,
Reduce the competition and decrease the threat from new products of new and existing competitorsTo take advantage of the existing gaps in the market place and market spaceHMR Inc. is a company that manufactures household chemicals and fertilizers used in farming. Its customers consist of farmers and other people who purchase its products. Its suppliers will be most affected by the business through the ________.
Answer:
B. Reputation of the company
Explanation:
Sometimes called goodwill of a company or reputation is simply what others think about a business based on their experience, and what they’ve heard about the business.
HRM Inc. Supplier's would benefit from the company's good reputation.
For example, when giving out credit transactions to companies, supplier's trust are often built on the reputation of the company.
Caleb is a manager at Computer-Care Company. He is expected to consider the effort of each decision alternative on all parties and select the one that optimizes the satisfaction for the greatest number of people.
This is an example of the:
a. utilitarian approach.
b. individualism approach.
c. moral-justice approach.
d. justice approach.
e. soft-line managerial approach.
Answer: Utilitarian Approach.
Explanation:
Utilitarian Approach is a method of decision making where a decision is made whose outcome positively affects a greater number of individuals.
Caleb is trying to determine a Utilitarian approach that would have a positive outcome for a greater number of people.
Hamilton Company reported an increase of $370,000 in its accounts receivable during the year 2018. The company's statement of cash flows for 2018 reported $1 million of cash received from customers. What amount of net sales must Hamilton have recorded in 2018?a. $630,000b. $1,370,000c. $1,000,000d. $370,000
Final answer:
Hamilton Company's net sales in 2018 are calculated by adding the increase in accounts receivable ($370,000) to the cash received from customers ($1,000,000). Therefore, the correct net sales amount is $1,370,000.
Explanation:
The question relates to the calculation of net sales for Hamilton Company given the increase in accounts receivable and the cash received from customers reported in the statement of cash flows. To determine net sales, one should consider both the cash received from customers and the change in accounts receivable during the period.
The increase in accounts receivable suggests that there were additional sales made on credit that have not yet been received in cash. Therefore, to calculate the net sales, we add the increase in accounts receivable to the cash received from customers:
Cash received from customers: $1,000,000
Increase in accounts receivable: $370,000
Net sales = Cash received from customers + Increase in accounts receivable
Net sales = $1,000,000 + $370,000 = $1,370,000
Therefore, the correct amount of net sales that Hamilton Company must have recorded in 2018 is $1,370,000, which corresponds to option (b).
Carlo is a director of Desserts Italiano, Inc. Carlo opposes a tender offer that is in the company's best interest because its acceptance would cost his position as a director. Carlo is most likely liable for a breach of Select one: a. the duty of loyalty. b. none of the choices. c. the business judgment rule. d. the duty of care.
Answer:
a. the duty of loyalty
Explanation:
Based on the information provided within the question it can be said that in this scenario Carlo is most likely liable for a breach of the duty of loyalty. This is the principle in which directors and officers of a corporation must act in the best interest of the corporation even if it is not in their best personal interest. Which Carlo' breached by not accepting the offer, which would have been great for the company.
The town of Fairness has a law that says that wages should be high enough to ensure that all people can afford to buy enough food to feed their families. The law that sets food prices low enough to meet these requirements would be an example of a:
A. minimum wage law.
B. black market price.
C. price ceiling.
D. price floor.
Answer: (C) Price ceiling
Explanation:
The price ceiling is mainly occur due to the increase in the price of the various types of products and the services.
The main purpose of the price ceiling is that it restrict or control the price that the merchant are charging very high charge for the goods and the services in an organization.
The price ceiling is manly use by the government for protecting the extra charge on the price of products to the customers.
According to the given situation, the law which sets the process of the foods or the products low this is the example of a price ceiling.
Therefore, Option (C) is correct.
Alex wrecked his car on the way to work. His basis in the car was $20,000. He received $22,000 from the insurance company to replace the car. He only spent $15,000 on a replacement vehicle. What is the amount of the recognized gain?
Answer:
$2,000
Explanation:
Based on the information provided within the question it can be said that Alex's amount of recognized gain was that of $2,000. This is because his car that he wrecked is valued at $20,000. Since he got $22,000 it means he made a gain of $2,000 regardless of how much he spends on a new car. Since he can decide to buy whatever car he wants, he can spend more or less than the money he received.
Which of the following is a Theory X assumption?
A) The average human being inherently dis-likes work
B) The average human being does not inherently dis-like work
C) The average human being learns, under proper conditions, not only to accept but also to seek responsibility
D) External control and the threat of punishment are not the only means of motivating people to achieve organizational objectives
Answer: The average human being inherently dis-likes work
Explanation:
Theory X assumes that workers dislikes work and that for workers to effectively deliver on their work they need to be seriously supervised by their superiors or employers. The employer or managers in the theory X makes use of either rewards or punishments to control workers behavior.
Theory X assumes that the average human being inherently dislikes work and needs to be motivated through external control and punishments.
Explanation:A Theory X assumption is that the average human being inherently dislikes work. This theory suggests that people are lazy and need to be motivated through external control and punishments. In contrast, Theory Y assumes that the average human being does not inherently dislike work and can be self-motivated.
Therefore, the correct answer is option A) The average human being inherently dislikes work.
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Slider processes rebate requests for a large building supply firm. Slider processed 420,000 rebates in March. All rebates are processed the same day they are received. March costs were labor of $28,000 and overhead of $14,000. What is the cost to process 1,000 rebates?
Answer:
process cost for 1000 rebate = $100
Explanation:
given data
rebates = 420,000
costs labor = $28,000
overhead = $14,000
to find out
cost to process 1,000 rebates
solution
first we get here total cost process that is express as
total cost process = costs labor + overhead .............1
total cost process = $28000 + 14000
total cost process = $42000
and process cost per rebate will be here as
process cost per rebate = [tex]\frac{42000}{420000}[/tex]
process cost per rebate = 0.10
so process cost for 1000 rebate will be as
process cost for 1000 rebate = 0.10 × 1000
process cost for 1000 rebate = $100
In the United States, the institution that is charged with determining the size of the monetary base and with regulating the banking system is the:
Answer:
Federal Reserve System
Explanation:
Based on the information provided within the question it can be said that the Institution that is charged with this responsibility is the Federal Reserve System. This is the central banking system within the United States of America which was created in December 23, 1913. This System is responsible for determining the size of the monetary base and with regulating the banking system like mentioned in the question.
an invesment adviser i slooking to offer advisory services to new clients. which statement is true regarding delivery of form adv parts 2a and 2b?
Answer:
B) They must be delivered regardless of whether the individual becomes a client of the investment adviser
Explanation:
The North American Securities Administrators Association (NASAA) requires investment advisers to deliver the Brochure (Form ADV Part 2A) and the Brochure Supplement (Form ADV Part 2B) to any prospective client they seek. Both the Brochure and the Brochure Supplement must be delivered within 48 hours of contacting the prospective client.
The correct answer is option (a) the delivery of Form ADV Parts 2A and 2B is that they must be delivered to new clients before or at the time of entering into an advisory contract with them.
Form ADV is the uniform form used by investment advisers to register with both the Securities and Exchange Commission (SEC) and state securities authorities. Part 2 of Form ADV is divided into two sections: Part 2A (the "brochure") and Part 2B (the "brochure supplement"). Part 2A contains information about the investment adviser's business, ownership, clients, employees, business practices, affiliations, and any disciplinary events of the adviser or its employees. Part 2B, on the other hand, contains information about the specific qualifications and business practices of the supervised persons who actually provide the investment advice to the client.
The Investment Advisers Act of 1940 and the rules thereunder require that investment advisers provide their clients with a current brochure (Part 2A) and a brochure supplement (Part 2B) at certain times. Specifically, an adviser must deliver these documents to new clients before or at the time the advisory contract is entered into and the client is legally obligated to pay the advisory fee. This ensures that clients have the necessary information to make an informed decision about whether to engage the adviser's services.
Additionally, advisers are required to deliver an updated brochure and brochure supplement to existing clients within 120 days after the end of the adviser's fiscal year, or promptly after there is a material change to the information in the brochure or brochure supplement. This requirement ensures that clients are kept informed about the adviser's business and any changes that might affect their advisory relationship.
In summary, the delivery of Form ADV Parts 2A and 2B is a critical step in establishing a transparent and compliant advisory relationship between the investment adviser and their clients. It is not only a regulatory requirement but also a best practice for fostering trust and confidence with clients.
The complete question is:
An invesment adviser i slooking to offer advisory services to new clients. which statement is true regarding delivery of form adv parts 2a and 2b?
A. They must be delivered only if the individual becomes a client of the investment adviser
B. They must be delivered regardless of whether the individual becomes a client of the investment adviser
C. They must be delivered only upon written request of the individual that is considering becoming a client
D. They must be delivered only upon receiving a check for the initial investment amount from the client
You are thinking about buying a new car and will borrow $20,000 for this purchase at a 5 percent fixed rate for exactly one year. The lender (correctly) assumes that inflation will be 2 percent this year. Based on the above information and assuming you adhere to the terms of the loan, you will pay back the lender exactly ________, which will represent ________ of purchasing power.
Answer:
You will pay back the lender exactly $21,000, which will represent $20,600 of purchasing power.
Explanation:
you will pay back the lender exactly $21,000, which will represent $20,600 of purchasing power.
$20,000 for this purchase at a 5 percent fixed rate
=$20,000*5/100
=$20,000*0.05 = $1,000
=$20,000 + $1,000 = $21,000
Inflation will be 2 percent this year
=$20,000*2/100
=$20,000*0.02 = $400
=$20,000 + ($1,000 - $400)
=$20,000 + $600 = $20,600
Selecting a sample of paid notes and tracing interest to the general ledger account is a test of the PCAOB assertion for
A. accounting.
B. valuation or allocation.
C. completeness.
D. existence or occurrence.
Answer:
C.completeness
Explanation:
Occurrence means transactions and events that have been recorded or disclosed have occurred and relate to the entity.Existence means whether or not accounts balances and related disclosures related Assets, liabilities and equity interests exist in the financial statements.
Completeness means there are no unrecorded transactions, events and disclosures and all transactions that have occurred has been included in the general ledger/financial statements
Valuation or allocation means that assets, liabilities and equity interests are included in the financial statements at appropriate amounts and any resulting valuation or allocation adjustments are appropriately recorded and related disclosures have been appropriately measured and described.
In this question, interest on sample of paid notes have been traced to the general ledger account, to check that whether the interest on the selected sample has been included in the general ledger and financial statements.Thus the answer shall be C.completeness
___ is the courts do not consider legitimate competitive behavior permissible if it results in the breaking of a contract.
Answer:tortious interference
Explanation:
tortious interference is a law term that comes to mind when there is a breach of contract resulting from the competitor's actions. Tortious interference in Tort law(an area of law) deals with the situation in which there is damage to property emanating from intentional or negligent acts of the defendant, in this case the competitor in business. In which case the actions(competitive behaviour) of defendant is not justifiable and permissible and simultaneously breaches contract of plaintiff, it becomes tortious interference.
Passerine runs a tapestry shop in Rome, weaving historical images for the tourism industry. Lately, her arthritis has gotten worse, so she brings in several young workers and begins to teach them how to weave her images. Which factor of production did Passerine enhance?1. Capital2. Entrepreneurship3. Labor4. Land
Answer:
Labor
Explanation:
There are four factors of production that include land capital entrepreneurship and labor. They are the inputs in production. Labor involves the contribution of human beings by providing skills, time, and energy in output generation.
By employing young workers, Passerine is adding labor into the business. The young workers will acquire skills useful in the production process. They will spend their time and energy working for Passerine, who will compensate them by paying them wages.
Passerine enhances the labor factor of production by teaching new workers how to weave, thereby investing in human capital and increasing her shop’s labor resources.
Explanation:Passerine, by bringing in young workers and teaching them the process of weaving historical images for the tourism industry, is enhancing the labor factor of production. Labor refers to the human effort that is used in the creation of goods and services. In this case, Passerine is teaching new workers her craft, thereby increasing her shop's labor resources and potentially its labor productivity as well. This training can improve the skills and efficiency of her workers, which is critical as her ability to weave is impeded by arthritis.
How will a decrease in the federal government's budget deficit affect the equilibrium interest rate in the bond market?
Answer:
Interest rate decrease
Explanation:
When the federal budget deficit increases, the Government Issue more treasury bonds to raise funds which increase the equilibrium interest rate in the bond market. Similarly, if the budget deficit decreases, the government stops issuing more bonds which decrease the equilibrium interest rate. It’s a simple concept of demand and supply which determines the interest rate.
Business Rental Corporation (BRC) and Cartage Trucking Company enter into a contract for a lease of ten hydraulic lifts. Under the perfect tender rule, BRC must ship or tender goods to the lessee that Select one:_______
a. entirely conform to the contract description except in one or two details.
b. substantially conform to the contract description in most details.
c. approximately conform to the contract description.
d. conform to the contract description in every way.
Answer:
D) conform to the contract description in every way.
Explanation:
The perfect tender rule refers to article 2 of the Uniform Comemrcial Code (UCC). This rule applies to the selling or leasing of goods, where a buyer or lessee can reject goods delivered to them if they do not comply with the contract's terms in a perfect way. In other words, if the goods delivered are not exactly as those specified in the contract, then the buyer or lessee can reject them.
This technique is an iterative process that identifies and defines the work to be completely accomplished in the near term, and plans the future work at a higher level.
a. Agile
b. Rolling wave planning.
c. Traceability
d. Decomposition.
The rationing function of prices means that
A) buyers and sellers synchronize their decisions through the price system
B) all goods and services are produced by large firms
C) government is responsible for setting the prices of basic foods.
D) businesses determine what goods consumers should purchase.
Answer:
A) buyers and sellers synchronize their decisions through the price system
Explanation:
Buyers are affected by the price mechanism and generally demand less at higher prices while sellers offer more when the price is higher. This provides a rationing mechanism that is not controlled by a central authority.
Suppose that Jay-Z and Beyonce are duopolists in the music industry. In January, they agree to work 47. ether as a monopolist, charging the monopoly price for their music and producing the monopoly quantity of songs. By February, each singer is considering breaking the agreement. What would you expect to happen next?
A. Jay-Z and Beyonce will determine that it is in each singer's best self interest to maintain the agreement
B.Jay-Z and Beyonce will each break the agreement. The new equilibrium quantity of songs will increase, and the new equilibrium price will decrease.
C. Jay-Z and Beyonce will each break the agreement. The new equilibrium quantity of songs will decrease, and the new equilibrium price will increase.
D. Jay-Z and Beyonce will cach break the agreement. The new equilibrium quantity of songs will increase, and the new equilibrium price also will increase.
Answer:
B) Jay-Z and Beyonce will each break the agreement. The new equilibrium quantity of songs will increase, and the new equilibrium price will decrease.
Explanation:
A duopoly (two suppliers have dominant control over a market) is not the best possible scenario, it is actually he second worst possible scenario after a monopoly. Whenever a monopoly breaks, customers will end up winning because competition will increase (at least a little bit) therefore increasing and diversifying supply and decreasing the price of the goods or services.
Economically, it would be expected for Jay-Z and Beyonce to each break the duopolist agreement, increasing the supply of music, thereby decreasing the price and increasing the equilibrium quantity of songs.
Explanation:This question pertains to economics, more specifically, the theory of duopolists.
One can picture a duopoly as a model of strategic decision making where two entities control a market. In this scenario, Jay-Z and Beyonce have formed a combined monopoly; however, each may then find it advantageous to break the agreement.
Putting it into typical economic perspective, the most logical answer would be B. If Jay-Z and Beyonce were each to break the agreement, this would result in an increased supply of music. According to basic economic principles, an increase in supply, under constant demand, will cause a decrease in the equilibrium price, hence, leading to an increase in the equilibrium quantity of songs, which supports the argument for option B.
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Which of the following refers to the principal-agent problem in the market for health care?
a. Doctors pursuing their own interests rather than the interests of their patients.b. Doctors pursuing only the interests of their patients rather than the interest of society.c. A conflict of interest between doctors and health insurance companies.d. Doctors pursuing the interests of health insurance providers rather than the interests of their patients.
Answer:
a. Doctors pursuing their own interests rather than the interests of their patients
Explanation:
A principal is an individual or a group that entrusts a certain responsibilities to someone else (known as the agent) in an entity . The agent therefore has superior information than the principal and therefore the former makes decisions on behalf of the latter. A conflict of interest can occur when the agent pursues his own interests for personal gains and ignores the responsibility he was hired to do hence creating Principal-Agent problem. Among these choices, doctors pursuing their own interests rather than the interests of their patients will lead to principal agent problem.