Assume a nation’s economy is operating above full employment. if business taxes increase, how will output, employment, and price level likely change? output / employment / price level
Answer:
Output / Employment / Price Level
Decrease Decrease Increase
Explanation:
When an economic model is used, it tends to:?
An economic model is used to predict different variables to show what could change overtime based on different variables used. An economic model tends to show these predictions and allow economist to study relationships and changes between different variables. Studying different models allow economist to see which route is the best to go, given the option to pick.
Managers can use overt integrity tests to _____.
Managers can use overt integrity tests to assess the honesty and ethical standards of potential employees, ensuring candidates align with the company’s code of conduct. Integrity in leadership fosters trust and a positive organizational culture. It is recommended to use these tests alongside other techniques for validation.
These tests often involve direct questions about a candidate's attitudes towards dishonest behaviors, such as theft or lying. By using these tests, managers aim to identify individuals who are likely to adhere to a company’s code of conduct and ethical policies.
Research suggests that integrity is a key trait of effective leadership. Leaders who demonstrate honesty and integrity build trust within their teams, fostering a positive organizational culture. For example, the leadership failure at Whole Foods Market, when their CEO's integrity was questioned, illustrates the critical importance of maintaining ethical standards.
However, it is advised that overt integrity tests should be validated and used in conjunction with other assessment techniques to ensure accuracy and effectiveness in hiring practices.
When preparing her monthly budget, marge kent has a total spending allowance of $4,600. each month she pays $1,200 in rent, $60 for cable television and internet service, and $240 for her auto loan. what percentage of her budget goes for these fixed expenses? 6 percent 12 percent 27 percent 33 percent 40 percent?
Bruno is a technician at a university chemistry lab and is in charge of safety inspections and prevention of injury due to faulty equipment. one morning, as a result of his inspection, bruno discovers a gas burner with a broken valve. bruno gets distracted and fails to put an "out of order/do not use" sign on the faulty burner. when the morning class arrives, halle uses the faulty burner and is burned when it catches fire. bruno's negligence is based on
Based on predicted production of 21,000 units, a company anticipates $357,000 of fixed costs and $309,750 of variable costs. the flexible budget amounts of fixed and variable costs for 19,000 units are (do not round intermediate calculations): $357,000 fixed and $309,750 variable. $280,250 fixed and $357,000 variable. $323,000 fixed and $280,250 variable. $323,000 fixed and $309,750 variable. $357,000 fixed and $280,250 variable.
According to starbucks chairman howard schultz, "consumers now commonly engage in a cultural audit of [product and service] providers. people want to know your value and ethics demonstrated by how you treat employees, the community in which you operate." discuss the concept of social responsibility marketing and how it impacts both companies and consumers.
Gary was a politically savvy employee who had worked for his company for several years. after many promotions, he emerged as the new president of the company. grace, a colleague of gary’s who had reported to him when he was a first-line supervisor, understood how the human side of the organization worked and made certain that she maintained a direct line of communication with gary at all times. on the company’s organization chart, grace maintained a lower-level position; however, due to her open line of communication with president gary, she seemed to successfully push her agenda. the human side of the organization is synonymous with the
A ___________ makes databases more useful for obtaining information.
A company's prime costs total $4,800,000 and its conversion costs total $8,800,000. if direct materials are $1,900,000 and factory overhead is $5,900,000, then direct labor is:
Suppose will receives 350 utils from consuming one banana and 490 utils from consuming two bananas. what is the marginal utility of the second banana?
In a workplace, ________ involves overt threats or bullying directed at members of specific groups of employees.
Workplace harassment involves overt threats or bullying directed at specific groups of employees.
Explanation:In a workplace, workplace harassment involves overt threats or bullying directed at members of specific groups of employees. Workplace harassment can take many forms, such as verbal abuse, offensive jokes, or exclusion from social events. It is important for employers to create a safe and inclusive environment and take appropriate action against workplace harassment.
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In a workplace, discrimination involves overt threats or bullying directed at members of specific groups of employees.
Discrimination in the workplace can take various forms, including but not limited to race, gender, age, sexual orientation, religion, or disability-based discrimination. Such behavior creates a hostile and unhealthy work environment, affecting not only the targeted individuals but also overall workplace morale and productivity.
Employers have a legal and ethical responsibility to foster a diverse and inclusive work environment where all employees are treated with respect and have equal opportunities for growth and advancement. Anti-discrimination policies, training, and reporting mechanisms are essential tools in preventing and addressing workplace discrimination. By actively promoting a culture of tolerance and inclusion, organizations can mitigate the harmful effects of discrimination and ensure that every employee feels valued and respected, contributing to a more harmonious and productive workplace.
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In 1984, 83% of all new cars sold in the U.S. had air conditioning and 39% had power windows. Use Venn diagrams to determine: b) the minimum possible percentage of these cars that had both air conditioning and power windows; c) the maximum possible percentage of these cars that had neither air conditioning nor power windows.
Final answer:
The minimum possible percentage of cars with both air conditioning and power windows is 83%. The maximum possible percentage of cars with neither air conditioning nor power windows is 0%.
Explanation:
To determine the minimum possible percentage of cars with both air conditioning and power windows, we can assume that all cars with air conditioning also have power windows. Therefore, we take the percentage of cars with air conditioning (83%) as the minimum possible percentage of cars with both air conditioning and power windows.
To determine the maximum possible percentage of cars with neither air conditioning nor power windows, we subtract the percentage of cars with air conditioning (83%) and the percentage of cars with power windows (39%) from 100%. Therefore, the maximum possible percentage of cars with neither air conditioning nor power windows is 100% - 83% - 39% = 100% - 122% = -22%. Since percentages cannot be negative, the maximum possible percentage of cars with neither air conditioning nor power windows is 0%.
Software that streamlines and automates business processes and enables organizations to use data effectively is called _______ software.
Calculate the return on investment in dollars and as a percentage for an investment that you purchase for $500 and sell for $600
Answer:
(0.2 or 20%)
Explanation:
Compare the structural approach to the external variable approach of kinesics
The three worlds of the department store; the managers world, the customers world, and the saleswomen's world were created by:
The three worlds of the department store; the manager’s world, the customer’s world, and the saleswomen's world were created by the customers, the working class, department store managers and the blue collar workers. There are hundreds and thousands of department stores in the world; every department store has a staff, working staff, manager, owner etc.
Answer:
the first person that made a store
Explanation:
The cheap foreign labor argument for protectionism refers to ________.
The cheap foreign labor could possibly disrupt the market of skilled and unskilled labor in the country that could lead to a high rate of unemployment.
Further Explanation:
Protectionism:
When a government of a country make policies and takes actions to protect the domestic industries of the country which could be disrupted by the foreign companies. Counties use the protectionism theory to grow their domestic industries. Foreign companies can disrupt the local competition with unfair means such as high capital investment against small domestic businesses.
A government of the country should use the protectionism theory in order to converse the domestic economy. The government can use the following methods to protect the domestic industries: Tariffs, lower export duty, and higher import duty.
Cheap foreign labor argument for protectionism:
The decrease in the cost of the product is beneficial for the business as it will increase the profit of the company. Cheaper labor will lead to a higher profit for a company. Therefore, the company would prefer a cheap labor option. In the given case, the cheap foreign labor argument means that cheap foreign labor will disrupt the market for domestic labor. The domestic labor would be replaced by cheaper foreign labor and it will increase the unemployment in the country.
Thus, cheap foreign labor could possibly disrupt the market of skilled and unskilled labor in the country that could lead to a high rate of unemployment.
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Answer details:
Grade: Senior School
Subject: Economics
Chapter: National Income
Keywords: Domestic, saving, the cheap, foreign, labor, argument, for, protectionism, refers, too, income.
Zara’s identification of customer needs can be categorized as which planning and strategic management step?
Zara's identification of customer needs is the initial step in the planning and strategic management process, which involves identifying and defining customer needs or problems in order to create effective business strategies.
Zara’s identification of customer needs can be categorized as the first step in the planning and strategic management step which involves identifying and defining a problem or need. In this context, Zara's goal to increase sales by identifying methods to become better acquainted with customers is part of the broader strategic planning process. This process entails several stages - Identifying the need or problem, Scope to understand what is available, Plan to develop strategies, Gather the necessary data, Evaluate the findings, Manage the information, and Present the conclusions. Identifying customer needs is crucial as it helps in forecasting demand, setting objectives, and eventually leads to increased sales and customer satisfaction.
On january 31, jean consulting company receives a bill for that month’s utilities in the amount of $500. jean sets it aside because she does not plan to pay the bill until its due date of february 15. what effect, if any, does this event have on the company’s accounting equation as of january 31?
When a company obtains a utility bill but will not pay it right away, it should debit utilities expense and credit accounts payable.
The accounting equation, Assets = Liabilities + Owners Equity means that the total assets of the business are all the time equal to the total liabilities plus the total equity of the business. This is true at any time and applies to each matter.
In this case the balance sheet or accounts payable have an increased of $500, and the income statement has a utilities expense of $500. The expense decreases the net income, retained earnings, and therefore owners’ equity in the business.
The utility bill increases the company's liabilities and reduces the company's equity in the accounting equation, even though it is not paid yet. The bill becomes a liability and an operating expense which reduces net income and equity.
Explanation:The event does have an effect on Jean Consulting Company's accounting equation. As of January 31, even though the bill is not paid, it becomes an accrued expense and increases the company's liabilities. The basic accounting equation is Assets = Liabilities + Shareholder's Equity. In this case, the $500 utility bill becomes a liability thereby increasing the liabilities side of the equation. The entry in the company's books would be a debit to Utility Expenses (which is part of the operating expenses that reduce the net income, and consequently the equity part of the equation), and a credit to Accrued Liabilities (which increases the liabilities part of the equation), thus keeping the equation in balance.
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The retail method has been used by a retail department store during its first year of operations. how will markdowns compare to markdown cancellations at the end of the year?
The most complex, fully-featured collaboration tool that is popular in business today is _________.
Microsoft share point is the most complex, fully-featured collaboration tool that is popular in business today.
Microsoft share point is launched in 2001 and it is web based program in relation to Microsoft office. A latest version of Microsoft share point 2016 comes with the subscription of office 365.
You have lunch with a friend who was recently promoted to a management position. “congratulations!” you say. but she looks at you and says, “i’m not so sure.”
Which of the following is a start-up expense for Maria's food truck?
Sandy's sandwich sitdownsandy's sandwich sitdown priced its lunch treatslunch treats at $2.002.00, they sold 250250 per week. when the price was $3.003.00, they sold 200200 per week. based on this information, the absolute value of the price elasticity of demand for lunch treatslunch treats is
For a recent year, microsoft corporation (msft) reported short-term unearned revenue of $23,223 million. for the same year, microsoft also reported total revenues of $93,580 million.
a. assume that microsoft recognized $2,000 million of unearned revenue as revenue during the year, what entry for unearned revenue did microsoft make during the year
The histogram below shows the distribution of the annual hours of commuting delay per traveler for 46 small and medium urban areas (fewer than 1 million in population). which measure of center and variability would be most appropriate to report for this distribution?
For the given data on annual hours of commuting delay per traveler in small to medium urban areas, the mean would be an appropriate measure of center, providing the average delay for a traveler, and the standard deviation would be a suitable measure of variability, indicating the average deviation of delay times from the mean.
Explanation:In the context of the given data, available in the form of a histogram showing the distribution of the annual hours of commuting delay per traveler, the most appropriate measures to represent the center and variability would be the mean for the center, and the standard deviation for variability.
The mean or average provides a measure of center by adding up all the values and dividing by the number of values. In the case of the commuting delay, this would provide the average amount of delay for a traveler in these urban areas.
The standard deviation is a measure of variability or spread in a dataset. It represents how much, on average, each value deviates from the mean. A high standard deviation in the case of commuting delays would suggest that the delay times vary a lot among the different urban areas.
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Ahmad is a team leader. his team needs to problem solve a complicated business transition. what course of action should he recommend?
To problem solve a complicated business transition, Ahmad being the team leader should recommend his team to hold a daily meeting without a present agenda. This will help them come up with new points and solving the issue in a better way, alongside with enhancing the spirit of team work.
Why do people purge or clean out their financial records instead of keeping every financial document they receive? << Read Less
People purge or clean out their financial records instead of keeping all of them simply because those files lose relevance.
Financial records are important to be kept but some of them eventually lose relevance and so will no longer need to be kept around.
For instance, there are files that lose relevance after 3 years and some that lose relevance after 7 years because they will no longer be required by authorities or other stakeholders.
Examples of files that lose relevance after 3 years:
Bank deposit slips Medical bills Credit card statementsExamples of files that lose relevance after 7 years:
Banks statements Insurance records Expired leasesThere are others that lose relevance even before 3 years.
In conclusion, keeping files that are no longer relevant is not important and so they can be cleaned away.
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People purge or clean out their financial records to manage space, reduce clutter, and maintain organized and relevant documentation. Keeping every financial document indefinitely can lead to confusion and difficulty in finding needed information.
Individuals and businesses often receive a multitude of financial documents, such as receipts, bills, and statements. Holding onto all these documents can cause unnecessary clutter and disorganization. Regularly purging financial records helps manage physical space and ensures that only the most important documents are kept.
Additionally, organizing financial records by discarding outdated or irrelevant documents can greatly improve efficiency. This allows for quicker access to necessary financial information, facilitating better financial decision-making and effective budgeting. Properly discarding sensitive financial documents also protects against identity theft and ensures compliance with privacy regulations.
Many financial documents only need to be kept for a certain period, such as tax records for seven years. Understanding the retention period for different types of documents helps individuals maintain an organized and manageable system, making the retrieval process easier when needed.
Jeff is a manager at a paper mill. he has received a grievance from a group of employees who are union members. the grievance claims that a plant rule barring employees from eating during unscheduled breaks is arbitrary and unfair. what should jeff most likely do?
The best thing that Jeff will do in this situation is to conduct an examination in terms of the grievant’s personnel records as this is only best and appropriate that Jeff to review the files of his employees in solving the problem.
Jeff should take the grievance seriously and address it properly by reviewing the rule, listening to the employees, investigating the issue, considering solutions, and communicating the decision.
Explanation:In this situation, Jeff should take the grievance from the union members seriously and address it properly. He should not ignore the complaint as it is his responsibility as the manager to resolve employee concerns. To handle the situation, Jeff can follow these steps:
Review the plant rule - Jeff should carefully evaluate the rule barring employees from eating during unscheduled breaks in order to determine if it is truly arbitrary and unfair or if there are valid reasons for it.Listen to the employees - Jeff should meet with the group of employees who filed the grievance and listen to their concerns. This will allow him to gather more information and understand the reasons behind their claim.Investigate the issue - Jeff should conduct a thorough investigation to gather evidence and determine if the rule is indeed unfair and arbitrary. This may involve reviewing company policy, consulting with other managers or human resources, and examining any relevant data or reports.Consider possible solutions - If Jeff determines that the rule is unfair and arbitrary, he should consider alternative solutions that address the employees' concerns while still maintaining a productive and safe work environment. This could involve revising the rule or implementing new policies that accommodate employees' needs.Communicate the decision - Once Jeff has reached a decision, he should communicate it clearly and transparently to the group of employees and the union representatives. Explaining the reasoning behind the decision can help establish trust and understanding.