What are the expenses a firm must pay before it can begin to produce and sell goods called?

Answers

Answer 1

Answer:

The answer is startup costs.

Explanation:

Startup costs are inevitable costs that a new business would incur when starting to establish its operations. Some examples of this would be legal services cost to help them in registering the company, designer services for company logo and official website, and initial office rental cost. It is advised to budget wisely the total expense you would need for this before paying for them.  

Answer 2

Entry costs and costs of production are crucial expenses for firms before they can generate revenue. Short-term loans may be necessary to bridge the gap between expenses and revenue.

Entry costs are the expenses a firm must pay before it can begin to produce and sell goods. These costs include design costs, establishing production lines, organizing manufacturing processes, and ordering specialized machinery.

Furthermore, a firm's costs of production involve expenses such as raw materials, energy, and wages for workers. These costs contribute to determining the firm's profits, which are revenues minus costs.

In addition, firms may need to take out short-term loans to cover some operating costs, especially when there's a time gap between expenses incurred and revenue earned.


Related Questions

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.

Answers

a. provides a positive incentive because it rewards people for recycling. It would only impact those doing it which makes it positive renforcement.

When general mills sought ideas on how to reduce the time to convert its production lines from one cereal to another, it sent a team to observe the pit crews at the indianapolis 500 race. this is an example of:?

Answers

Answer:

This is an example of benchmarking.

Explanation:

Benchmarking is a method of comparing a company’s business processes and performance metrics to other company’s best practices. When General Mills sent a team to observe Indianapolis’ 500 race, it seeks to study the business process that the company operates in order to achieve its goals of reducing the cereal-making processes. They can attain this objective by studying Indianapolis 500’s technology, labor force, operational principles, and other aspects that General Mills’ team can observe.

Final answer:

In observing the pit crews of the Indianapolis 500 to improve their production process, General Mills utilized a technique called 'benchmarking'. This involves measuring and comparing one's business processes and performance metrics to industry bests to improve performance. This method is effective as specialized workers can often innovate ways to increase efficiency and effectiveness through repeated practice and specialization.

Explanation:

When General Mills sought to observe and learn from the pit crews at the Indianapolis 500 race to streamline its cereal production process, it was employing a technique called benchmarking. Benchmarking is a process wherein a company measures its performance or processes against other companies' best practices in order to understand how they achieve their performance levels and to identify ways to improve its own operations.

In this instance, General Mills decided to learn from a different industry, taking note of how the pit crews at the Indianapolis race efficiently and swiftly performed their tasks. They hoped to apply similar successful strategies to their cereal production process.

The idea behind this strategy is that specialist workers, such those of a pit crew or assembly line laborers, often can do their work faster and better through practice and specialization. They know their jobs well enough to develop innovative ways to speed up and improve efficiency. This principle can be effectively applied across a variety of industries, with the aim of improving overall business performance.

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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.

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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

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.

Answers

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.

explain how technology and media affect the decisions that families make about purchasing products and services.

Answers

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.

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.

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What’s the question?

Sustainability leaders have found that the most effective environmental management approach involves:

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A team of line managers across the business organisation

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?

Answers

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.

To avoid losing any data on his computer, tom consistently backs up his computer data to a second hard drive. using operant conditioning terms, tom's behavior of backing up his data to a second hard drive is an example of:

Answers

Tom's behavior of backing up his data to a second hard drive is an example of "negative reinforcement by avoidance".

Negative reinforcement happens when the rate of a behavior  is watched to increase following the evacuation of a stimuli. The terminationor expulsion of an aversive stimulus is probably going to expand the target behavior.  

Negative reinforcement is likewise connected with escape or avoidance behaviors. The target behavior increments so as to escape or avoid the possible aversive outcomes.

Final answer:

Tom's behavior of systematically backing up his computer data to a second hard drive is an example of Conditioned Behavior as per operant conditioning. The behavior is encouraged by positive reinforcement - the prevention of data loss. This reinforcement ensures the continuation of the behavior.

Explanation:

With reference to the theory of operant conditioning, Tom's behavior of systematically backing up his data to a second hard drive represents a form of Conditioned Behavior. This process was originally outlined by psychologist B. F. Skinner and focuses on behavior that is challenged or strengthened by subsequent results or effects. In Tom's case, his behavior of persistently saving data is reinforced by the desirable outcome of not losing any important information. Therefore, he is more likely to repeat this behavior expecting the same positive result.

Based on the Law of Effect, which suggests behaviors followed by satisfying outcomes will be repeated, Tom's environmental contingency (the action's consequence) - the prevention of data loss, is positive reinforcement for his behavior. He receives a rewarding outcome (security of his data) for his action (backing up data), thus encouraging the behavior's repetition.

In line with operant conditioning, it is an example differing from classical conditioning as the behavior is voluntary and its initiation relies on Tom's conscious decision, as opposed to being an automatic response to an external stimulus. The crucial aspect is the consequence, with the avoidance of data loss acting as the reinforcer instigating the continuity of the behavior.

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Design capacity is the theoretical maximum output of a system in a given period under ideal conditions. True or false?

Answers

your answer would be true

Final answer:

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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Select the items that describe what most likely happens when the Federal Reserve increases the money supply

Answers

When the Fed increases the money supply it is easier/cheaper to borrow money so interest rates will fall and consumption will go up.

Answer:

Interest Rates fall

People borrow more money

Investment Increases

Explanation:

Corbin recently received his annual evaluation at work. his boss described him as "very insightful, always full of new ideas during our meetings, and his work is full of inventive and imaginative touches…" what type of intelligence does corbin most likely possess? multiple choice analytical creative practical interpersonal

Answers

The traits decribed in the question are examples of creative intelligence.

Corbin likely possesses creative intelligence, as indicated by his ability to provide insightful and novel ideas and to add creative elements to his work, aligning with Sternberg's triarchic theory of intelligence.

Based on the description of Corbin's attributes in his annual evaluation at work, it appears he most likely possesses creative intelligence. According to Sternberg's triarchic theory of intelligence, creative intelligence involves insight, the ability to react to novel stimuli and situations, and applying new ideas creatively. This matches the description of Corbin being 'very insightful, always full of new ideas during our meetings, and his work is full of inventive and imaginative touches.' Creative intelligence reflects how individuals connect their internal world to the external reality and are able to generate diverse and novel solutions or approaches to problems. This is distinct from analytical intelligence, which involves problem-solving with a single correct answer, and practical intelligence, which is likened to 'street smarts.' As research indicates, creativity is not highly correlated with analytical intelligence, and areas of the brain responsible for divergent thinking, which is associated with creativity, are different from those responsible for convergent thinking, which is related to analytical intelligence.

Sally has recently joined a multimedia firm; and her manager, ellen, has asked her to develop an advertising campaign for a client. ellen considers sally to be inexperienced and constantly questions sally's suggestions for the campaign. at times, she rejects sally's proposals even without hearing her out. this barrier of communication between sally and ellen is most likely a result of:

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A lack of credibility. Sally hasn't built up a credible work history because she is new too the team and doesn't show understanding because she asks too many questions, so Ellen shows a lack of trust in her abilities.

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?

Answers

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.

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.

Answers

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.

Final answer:

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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Work-family conflicts can be social or emotional.T/F

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True because when you don't have enogh time with your family you can be unhappy and you might not be as cheerful around people.

________ involves increasing the complexity of a job to provide a greater sense of responsibility, accomplishment, and achievement.

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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.

Final answer:

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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One disadvantage of a partnership is lower monitoring costs. limited liability. difficulty raising funds. it permits greater specialization.

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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.

The aca addressed numerous long-standing health workforce issues. most importantly, it established the national health care workforce commission with the overall mandate to _____.

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Develop a national healthcare workforce strategy for the United States.

The Commission was established to research and provide recommendations to Congress on the supply and demand for healthcare workers, training and development programs needed, and other aspects of creating a thriving healthcare work industry.

The ACA addressed numerous long-standing health workforce issues. Most importantly, it established the National Health Care Workforce Commission with the overall mandate to assess and project the health care workforce needs of the nation.

The National Health Care Workforce Commission was created to analyze and project the needs for healthcare professionals to ensure that the U.S. healthcare system could effectively meet the demands of its population. This includes evaluating current and future workforce needs, identifying gaps in healthcare delivery, and recommending strategies to address these gaps.

The Commission's role is crucial for ensuring that there is a sufficient and well-distributed workforce to provide high-quality care across different regions and settings. By providing data-driven insights and recommendations, the Commission helps guide policy and planning efforts aimed at improving the efficiency and effectiveness of the healthcare system, addressing shortages, and enhancing the overall quality of care.

A consumer recognizes a need. The next step in the complete decision- making process is for the customer to

Answers

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.

When the fed sells bonds in the open market, we can expect: bond prices to fall and interest rates to rise. bond prices and interest rates to fall. bond prices and interest rates to rise. bond prices to rise and interest rates to fall?

Answers

When the Fed sells bonds in the open market, we can expect bond prices to fall and interest rates to rise.

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.

Answers

the answer is product

____________ is the additional consumer services and benefits built around the actual product such as customer coproduction, atmosphere and customer interaction with each other.

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Augmented products are the additional consumer services and benefits built around the actual product such as customer coproduction, atmosphere and customer interaction with each other.

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 _______.

Answers

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 = 60

First, 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.

Prevention of tire inflation accidents after mounting tires on wheels may be accomplished by:

Answers

Final answer:

Tire inflation accidents after mounting tires on wheels can be prevented by following proper procedures and guidelines. Monitoring tire pressure and considering the increase in volume and pressure as air is pumped into the tire, as well as the effect of temperature on tire pressure, are essential.

Explanation:

Tire inflation accidents after mounting tires on wheels can be prevented by following proper procedures and guidelines. One important factor to consider is the increase in volume and pressure as air is pumped into a deflated tire. When air is first pumped into a deflated tire, the volume increases without a significant increase in pressure. However, once the tire is filled to a certain point, the tire walls resist further expansion, causing the pressure to increase with more air.


Additionally, temperature plays a role in tire pressure. As the tire is inflated, its pressure increases with temperature. When the tire heats up due to driving or exposure to heat, the air inside the tire expands, causing the pressure to rise. It is essential to monitor tire pressure regularly and ensure it is within the recommended range to prevent accidents and maintain optimal performance.


In summary, to prevent tire inflation accidents after mounting tires on wheels, it is necessary to pay attention to the increase in volume and pressure as air is pumped into the tire and the effect of temperature on tire pressure.

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Burton (1989a), in a study of basketball skills, found that general goals were just as effective as specific goals goal setting was effective for all tasks short-term goals were more effective than long-term goals goal setting enhanced performance better on low- as compared with high-complexity tasks goal setting improved performance more for the subjects who were told to "do their best" than for those who were told "improve 15%

Answers

The answer is goal setting enhanced performance better on low- as compared with high-complexity tasks.

Burton was a researcher who studied athletes in 1989, more specifically basketball players and swimmers, and found that performance would increase when it is specific, realistic, and short-term. This would help the athletes gain mastery over their field.

"other things being​ equal, which market structure would produce the least output and the highest average product​ price

Answers

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.

_____ is a study of variation in a measurement system using statistical analysis.

Answers

repeatability and reproducibility (R&R) study

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).

Answers

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

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

Answers

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.

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