The given statement, "SEC Charges Siemens AG for Engaging in Worldwide Bribery: Based on this case, multi-national corporations should regard illicit payments to foreign officials as simply another cost of doing business" is False.
Multi-national corporations should not regard illicit payments to foreign officials as simply another cost of doing business. Such behavior is unethical and illegal. The SEC's charges against Siemens AG demonstrate that engaging in bribery and corruption can result in significant legal and financial consequences for companies. In addition to fines and reputational damage, companies may face criminal prosecution and civil lawsuits.
Furthermore, bribes and other illicit payments undermine fair competition and can have negative effects on the economies and societies of the countries in which they occur. By engaging in such behavior, companies also risk alienating their customers, employees, and stakeholders who expect them to operate with integrity and transparency.
Instead, multi-national corporations should prioritize ethical business practices and compliance with anti-corruption laws and regulations. This includes implementing robust internal controls, conducting due diligence on business partners, and training employees on ethical conduct. By doing so, companies can protect themselves from legal and financial risks while also contributing to a more fair and sustainable global business environment.
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False. Multi-national corporations should not regard illicit payments to foreign officials as simply another cost of doing business. The SEC and other regulatory bodies view such payments as illegal under the Foreign Corrupt Practices Act (FCPA) and other anti-bribery laws.
The case of Siemens AG is an example of the serious consequences that can result from engaging in bribery and corruption.In this case, Siemens AG was charged by the SEC for engaging in a decade-long bribery scheme to win business in various countries. The company paid over $1.4 billion in bribes to officials in countries including Argentina, Bangladesh, China, and Venezuela. As a result, Siemens AG paid significant fines and penalties, and several of its executives were also charged and convicted of criminal offenses.The FCPA and other anti-bribery laws aim to promote transparency, accountability, and fair competition in international business transactions. Multi-national corporations have a responsibility to conduct their business in an ethical and lawful manner, and to comply with these laws to avoid legal and reputational risks.
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What industry cannot rely on estimation
There is no industry which can not relay on estimation, all industries needs estimation.
The two primary categories of this profession are construction and manufacturing, according to the Bureau of Labor Statistics. It states that more than half of all cost estimators work in the construction industry, where they may further specialize in projects for homes, businesses, industries, or the government.
Cost estimation aids in setting the project budget, planning the required work, and managing new resources. Cost estimates are also of the utmost importance when trying to win over new clients. Before starting actual building, property owners also utilize cost estimates to evaluate the viability of their projects.
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Pittsburgh-based Consol Energy's coal business largely depends on orders from utilities and steel companies which, in turn, depend on broader economic demand from consumers for electricity and steel-based products like automobiles and appliances because of ________.
Considering the situation described above, Pittsburgh-based Consol Energy's coal business largely depends on "Derived demand."
What is Derived demand ?Derived demand is a type of demand that arises from the demand for something related.
In other words, derived demand is a demand for goods and services like raw materials due to demand for its final products.
Hence, in this case, since the Pittsburgh-based Consol Energy's business is dependent on demand from particular consumers, whose business needs are also dependent on demands from specific consumers, this is then an example of Derived demand.
Therefore, in this case, it is concluded that the correct answer is option C, "Derived demand."
Your question is incomplete, but most probably your full question was:
Pittsburgh-based Consol Energy's coal business largely depends on orders from utilities and steel companies which, in turn, depend on broader economic demand from consumers for electricity and steel-based products like automobiles and appliances because of ________.
a. multiple sales calls professional purchasing
b. multiple buying influences
c. derived demand
d. fluctuating demand
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Discuss the business tactic described in the text that the bissell brothers used to become business owners.
The business tactic described in the text that the Bissell brothers used to become business owners is, they are the bosses, which means that they make their own decisions.
Bissell Brothers was founded in 2013 by two brothers, Peter and Noah Bissell which is based in Portland. These two Bissell brothers started their own small business, and they ran their own company, took their own decisions, and did not depend on partners, higher authorities or investors for any ideas.
Hence, they are the bosses of their business. Only when their business grows big, they have managers to help them in their business.
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The __________ assures the payment of otherwise non-collectable court judgments against licensees who have committed fraud, misrepresentation, deceit, or conversion of trust funds in a transaction.
The SAFE act assures the payment of otherwise non-collectable court judgments against licensees who have committed fraud, misrepresentation, deceit, or conversion of trust funds in a transaction.
What is the SAFE act?This was the act in the United States that made it mandatory for houses to be registered and licensed.
The act is based on houses that are used as residences. The full meaning of the act is the Secure and Fair Enforcement for Mortgage Licensing Act.
The main purpose of the SAFE act is to try to ensure that consumers are protected and also help in the reduction of fraud. This would be done by setting a standard for licensing and the originators of mortgage loans.
Hence the correct answer to the question is the SAFE act.
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Which is the term used to describe the day to day actions & capabilities that help a person to be productive and well rounded?
The term which is used to describe the day to day actions & capabilities that help a person to be productive and well rounded is called life skills. Life skills are refered to as a series of social competencies and interpersonal skills that assist people make quality decisions, solve problems, and think critically and creatively, converse in speech function effectively, behave well, relate with others, and manage their lives.
What are the life skills?The basic life skills include the following:
Emotional Intelligence (EQ) Skills. Money Management SkillsCritical Thinking SkillsDaily Living SkillsCommunication SkillsTherefore, the correct answer is as given above
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_____________ is a condition in which the quality, variety, and/or desirability of the diet is reduced and there is difficulty at times providing enough food for everyone in the household.
According to the theory of comparative advantage, countries and the world gain from trade because quizlet
According to the theory of comparative advantage, countries and the world gain from trade because Exports give a country a political advantage over other countries that export less.
Trade is the voluntary exchange of goods or services between economic agents. Transactions are generally assumed to benefit both parties, as they are consensual. In finance, trading refers to the buying and selling of stocks and other assets.
Trade is central to ending global poverty. Countries open to international trade tend to grow faster, innovate, be more productive, and provide higher incomes and more opportunities for their people. Open trade also benefits low-income households by providing consumers with more affordable goods and services.
The question is incomplete. Please read below to find the missing content.
According to the theory of comparative advantage, which of the following is not a reason why countries trade?
a. Comparative advantage.
b. Costs are higher in one country than in another.
c. Prices are lower in one country than in another.
d. The productivity of labor differs across countries and industries.
e. Exports give a country a political advantage over other countries that export less.
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The storage of funds for future use is a purpose of _____________blank, which include savings accounts and certificates of deposit.
The storage of funds for future use is a purpose of time deposits, which include savings accounts and certificates of deposit.
You can buy a time deposit, like a CD, at almost any bank, credit union, or other financial organization. Other terms as well as the interest rates paid vary. One bank can, for instance, provide a better return but demand a larger down payment. Shopping around pays off. The majority clearly display and heavily promote their rates.
In essence, a CD is a savings account that is formed with the agreement that the owner won't touch the funds for a predetermined amount of time. This may take a few weeks to several years. Short-term time deposits have terms of one year or less. Any sum in excess of that is a long-term deposit.
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Fill in the blank: _____ is how a project manager makes use of productivity tools and creates processes. The project manager may need to use certain tools and processes to do tasks like create a schedule and share information.
Planning and organizing is how a project manager makes use of productivity tools and creates processes. The project manager may need to use certain tools and processes to do tasks like create a schedule and share information.
What is Planning and organizing?Planning and organizing serves as the managerial function that portray how how a project manager makes use of productivity tools and creates processes.
In this case, The project manager may need to use certain tools and processes to do tasks like create a schedule and share information.
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Pete is thinking of asking for his own car for his birthday. Which of the following is a financial responsibility that comes with vehicle ownership
Gas, Insurance, Registration are the financial responsibility that comes with vehicle ownership.
Financial responsibility laws, which are frequently related to automobiles, call on an individual or organisation to demonstrate that it is financially capable of covering accident-related expenses. The party is not expressly required under financial responsibility legislation to carry insurance. Instead, even if they are not at fault, the law demands that they be able to prove they have the resources to cover the entire cost of the losses.
For a number of different reasons, authorities may request proof of adherence to financial responsibility regulations. Police officers may demand proof after an accident has happened during routine traffic stops unrelated to accidents, while registering a car, and when applying to have a revoked or suspended driver's licence reinstated.
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When curt’s catering first opened, the owner decided to target only events at resorts in its geographic region. curt’s catering was using a(n) ________ targeting strategy.
When curt’s catering first opened, the owner decided to target only events at resorts in its geographic region. curt’s catering was using a(n) concentrated targeting strategy.
Concentrated marketing is a marketing strategy in which a company focuses on a specific audience for most or all of its marketing initiatives. Companies that use focused marketing emphasize how their products meet the unique needs of a niche audience.
A marketing segmentation strategy in which we focus all our efforts and resources on services to market segments. Also known as niche marketing.
There are typically four different types of market targeting strategies.
Mass Marketing (Undifferentiated Marketing)
Segmented Marketing (Differentiated Marketing)
Centralized Marketing (Nitch Marketing)
Micro Marketing.
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A firm projects net income to be $500,000, intends to pay out $125,000 in dividends, and had $2 million of equity at the beginning of the year. The firm's sustainable growth rate is:
The firm's sustainable growth rate is 18.75%
What is sustainable growth rate of a firm?The sustainable growth rate (SGR) is the maximum rate of growth that a company or social enterprise can sustain without having to finance growth with additional equity or debt. In other words, it is the rate at which the company can grow while using its own internal revenue without borrowing from outside sources.The SGR formula is most commonly used in various valuation models, such as the dividend discount model (DDM), discounted cash flow model, etc.Calculation of SGR :-
1) Calculate the retention ratio
retention ratio = 1 - dividends paid / net income2) Calculate the return on equity (ROE)
ROE = net income / shareholders' equity3) Calculate the sustainable growth rate (SGR)
SGR = retention ratio × ROEHence, by using the above formula the sustainable growth rate of the firm is 18.75%
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Correct Question - A firm projects net income to be $500,000, intends to pay out $125,000 in dividends, and had $2 million of equity at the beginning of the year. The firm's sustainable growth rate is:
a. 5%
b. 18.75%
c. 6.25%
d. 4.69%
Which of the following is not a payroll tax deduction
State payroll tax
Sales tax
Federal payroll tax
FICA
Not a payroll tax deduction is B. Sales tax. Sales tax is the Tax imposed by the government body during the sale of the goods and services at a retail level.
While payroll tax is the tax which is charged on the salary of the employees and this tax is charged by the employer. payroll taxes are directly subtracted from the salaries of the workers and directly paid to the interior revenue services by the employer.
What are the 4 primary types of payroll tax?There are four primary types of payroll taxes: federal income, Social Security, Medicare, and federal unemployment. Workers must pay Social Security and Medicare taxes through payroll deductions, and most employers also remove federal income tax payments.
What is included in payroll tax?All salaries – including superannuation, allowances and fringe usefulness – paid to apprentices and trainees are liable for payroll tax and must be included in your recoveries. You can claim a payroll tax refund on wages paid to approved trainees and new entrant learners who are recognised by Training Services NSW.
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suppose that a perfectly competitive firms marginal revenue equals $12 when it sells 10 units of output. if the marginal cost of producing the 10th unit is $14 to maximize its profit the firm should
To Maximize the Profit the Firm should Decrease its production.
What are perfectly competitive firms?A perfectly competitive firm is a price taker, which means that it must accept the equilibrium price at which it sells goods. If a perfectly competitive firm attempts to charge even a tiny amount more than the market price, it will be unable to make any sales.Agricultural markets are examples of nearly perfect competition as well. Imagine shopping at your local farmers' market: there are numerous farmers, selling the same fruits, vegetables and herbs. You can easily find out the prices for the goods, but they are usually all about the same.The three primary characteristics of perfect competition are
no company holds a substantial market share, the industry output is standardized, and there is freedom of entry and exit. The efficient market equilibrium in a perfect competition is where marginal revenue equals marginal cost.Therefore, to uphold its position in the market the firm should decrease
its production.
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Dana lives in her Newport property nine months out of the year and uses it as a rental for the remaining three months. Is she liable for paying an excise tax on her short-term rental
No, she is not liable for paying an excise tax on her short-term rental because it only applies to short-term rentals of fewer than eight consecutive days.
A statute governing and taxing short-term house and condo rentals was approved by the governor on December 28 and became law on January 1, 2019. A rental with a duration of 31 days or less is considered short-term. Exemptions from this tax include annual and long-term leases (32 days or more). 2019 January 1 marked the start of the tax. The rental tax must be included in any lease that is signed on or after this date for a rental period that starts on July 1, 2019, or later.
All rentals beginning before July 1st, 2019 were therefore exempt from taxation. Like any tax paid at a hotel or motel, the lodging tax is the responsibility of the tenants. Vacationers are growing more accustomed to paying one since private rental lodging taxes are widespread around the nation, including in every other New England state. Renters must pay this tax regardless of the type of residence they choose because no one is exempt.
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Changes in property, plant and equipment relate to the ______ activities on the statement of cash flows. Multiple choice question. operating financing investing
Changes in property, plant, and equipment related to the investing activities on the statement of cash flows.
The cash flow statement reveals how much money is made or spent on operating, investing, and financing activities during a certain time period, bridging the gap between the income statement and the balance sheet.
The cash generated or spent in relation to investment activities is shown in the cash flow from investing activities portion of the cash flow statement.
Buying tangible assets, investing in securities, or selling securities or assets are all examples of investing activity.
If management is investing in the long-term health of the company, negative cash flow from investing operations could not be a bad indicator.
Hence, Changes in property, plant, and equipment related to the investing activities on the statement of cash flows.
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Price is constant to the individual firm selling in a purely competitive market because Multiple Choice of product differentiation reinforced by extensive advertising. marginal costs are constant. the firm's demand curve is downsloping. each seller supplies a negligible fraction of total supply.
Price is constant to the individual firm selling in a purely competitive market because each seller supplies a negligible fraction of the total supply.
A hypothetical market system is referred to as perfect competition. There are no monopolies under a scenario of perfect competition. A few essential traits of this type of structure include:
All businesses sell the same thing (the product is a commodity or homogeneous).Every company is a price taker (they cannot influence the market price of their products).Price changes are unaffected by market share.Buyers have complete or perfect knowledge of the product being offered and the prices each company is asking (in the past, present, and future).Labor and capital resources are completely mobile.Companies are not charged to enter or leave the market.Hence, the price is constant to the individual firm selling in a purely competitive market because each seller supplies a negligible fraction of the total supply.
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Price is constant or given to the individual firm selling in a purely competitive market because : each seller supplies a negligible fraction of the total supply.
A competitive person is eager to be more successful than other people. He has always been ambitious and fiercely competitive. Synonyms: ambitious, pushing, opposing, etc.
Competitive people are usually the ones that have found something they care about deeply. They are good at finding a reason to care about what they're doing. They realize that they might not start out good at something, but they find a reason to practice and become better.
An example of competitive is the process in which major league baseball teams play against each other. An example of a competitive is a student who wants to be number one in her class.
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Milton Friedman helped to establish the economic theory of monetarism. Which statement best describes the idea of monetarism
Monetary policy is the best way to influence economic growth.
Appeared as a leader of the Chicago school of financial economics, Friedman burdened the importance of the quantity of cash as a device of government coverage and a determinant of enterprise cycles and inflation. His monetarism principle proposed that cash delivery modifications have immediate and long-term effects.
Milton Friedman became a U.S. economist and Nobel laureate known as the most influential propose of loose-marketplace capitalism and monetarism in the 20th century.
The monetarist principle is an monetary concept that contends that changes in cash deliver are the maximum good sized determinants of the charge of monetary increase and the behavior of the commercial enterprise cycle.
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For a promise to provide a good or service to be accounted for as a separate performance obligation, the good or service must be:______.
The first requirement for accounting for a promised good or the service as a separate performance obligation is that the promised good or the service is "capable of being distinct."
Promised products or services are those that are transferred to the entity's client in line with the contract (i.e., those that result in the customer gaining possession of an asset).
A performance obligation is a promise to supply a good or service (or a series of distinct goods or services that are substantially the same and that have the same pattern of the transfer to the customer). It can be both implicit and explicit.
Therefore, answer is capable of being distinct.
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The _____________ holds that a rise in price level will make domestic goods relatively more expensive, ____________ exports and _______________ imports.
The interest holds that a rise in price level will make domestic goods relatively more expensive, rate exports and effect imports.
What are domestic goods?domestic goods are goods that are being produced locally in a particular country which can as well be exported out.
In this case, The interest holds that a rise in price level will make domestic goods relatively more expensive, rate exports and effect imports.
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Interest is capitalized when incurred in connection with the construction of plant assets because_______.
Interest is capitalized when incurred in connection with the construction of plant assets because, during construction, the asset is not generating revenue
What is Interest?This refers to the amount or rate that is added to a principal amount and this is usually done when a loan is collected.
Hence, we can see that when plant assets are being constructed, interest is capitalized and the main reason why this happens is that the asset is not generating revenue.
Furthermore, actual interest is the only thing that should be capitalized and this is because, during construction, the asset is not generating revenue and therefore companies should defer (capitalize) interest cost.
Thus, Interest is capitalized when incurred in connection with the construction of plant assets because, during construction, the asset is not generating revenue.
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Jose's monthly parking fee for april was $150; for may it was $10 more than april; and for june $40 more than may. His average monthly parking fee was ____ for these 3 months?
Jose's monthly parking fee for April was $150; for many, it was $10 more than April and for June $40 more than May. His average monthly parking fee was $166 for these 3 months
The month is the unit of time used in the calendar and is approximately the length of the month's natural orbital period. The words moon and moon are related. The traditional concept was born from the cycle of the phases of the moon. Such a lunar month (“Lunar month”) is a lunar month and lasts about 29.53 days.
From the excavated counting rods, researchers conclude that humans are already counting days in relation to the phases of the Paleolithic moon. Based on the lunar orbital period associated with the Earth and Sun lines, the lunar month is still the basis of many calendars today and is used to divide the year.
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Arguing that globalization is ultimately driven by joint gains from mutually beneficial trade is an argument from which perspective
Arguing that globalization is ultimately driven by joint gains from mutually beneficial trade is an argument from the liberal perspective.
What does the liberal viewpoint entail?Liberal beliefs regarding the nature and purpose of law are centered on defending individual freedom. Liberals, following John Stuart Mill, argue against enforcing morality on the grounds that the use of coercion or control is not justified by society's conception of what is ethically appropriate. According to the liberal perspective, acts that damage or wrong people but to which they consent—often referred to as victimless crimes—are not properly criminalized. Thus, for a liberal, the border between the sex that ought to be criminalized and sex that shouldn't is the line between uninvited sex and sex that ought to be allowed.
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The three purposes for which individuals or groups can use products in order for it to be considered a business market are:_________
The three purposes for which individuals or groups can use products in order for it to be considered a business market are:
Resaleuse in daily operationsdirect use in producing other products.This is further explained below.
What is the market?Generally, A market is a location where individuals, often buyers and sellers, may congregate to assist the buying and selling of various commodities and services.
In conclusion, It is necessary for people or organizations to utilize items for at least one of the following three objectives for there to be a market for commercial goods and services:
On resale; for use in day-to-day activities; as a direct input into the production of other goods.
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If you believe your supervisor at your work setting is forcing you to act in what you consider to be an unethical manner, you should Group of answer choices
If you believe your supervisor in your work setting is forcing you to act in what you consider to be an unethical manner, you should try to work with your supervisor to resolve the problem.
If you have a moral query and you are having a problem you make a decision, you should talk over it with colleagues. in case you believe some other counselor is behaving in an unethical way, the primary stuff you should do is discuss the matter with the counselor and attempt to get him or her to change their conduct.
Whilst a counselor who is running beneath supervision shares exclusive facts about customers along with her or his manager: that is suitable conduct due to the fact the supervisor desires the data so that it will supervise effectively.
Whilst counseling a customer from a racial, ethnic, or cultural group one-of-a-kind from the counselor's, it's far essential for the counselor to understand that: despite the fact that positive corporations percentage comparable trends or ideals, every person is unique and may not be like maximum others from his or her organization.
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Scenario 1: If the company constructs 9 apartment buildings, the number of stores will be . Scenario 2: If the company is producing at point C, the opportunity cost of building 3 more stores will be apartment buildings.
The number of stores will be 3 and the opportunity cost of building 3 more stores will be 6 apartment buildings.
How to explain the opportunity cost?The Vertical Line represents the number of Stores. The horizontal line represents the number of Apartments.
Take a look at point E. When the apartment is 9, the stores that they could build is 3.
In point C, the company produces 6 Apartments and 7 Stores. If the company wants to build 3 more stores it would become 10 stores. Take a look at point A. Where the stores are 10, the company cannot build any apartments, which means that they had to sacrifice all 6 from point C.
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For a bond issue which sells for less than its face amount, the market rate of interest is?
For a bond issue which sells for less than its face amount, the market rate of interest is higher than the rate stated on the bond.
Bonds can be sold for more and less than their par values because their interest rates change depending upon the market conditions. Like most fixed-income securities, bonds are highly correlated to interest rates. Thus, when interest rates go up, a bond's market price will fall and vice versa.
The actual market value of a bond may not be reliably as indicated by its face value because there are many other influencing forces at play, such as supply and demand in the market.
Hence, when the price of a bond goes above its face value, it is said to be a premium bond, and when the price is below its face value, it is known as a discount bond.
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You have just opened a new Italian restaurant in your hometown where there are three other Italian restaurants. Your restaurant is doing a brisk business and you attribute your success to your distinctive northern Italian cuisine using locally grown organic produce. What is likely to happen to your business in the long run
Your success will invite others to open competing restaurants and ultimately your profits will be driven to zero.
What is Managerial Economics?A subfield of economics called managerial economics deals with the use of economic principles in managerial decision-making. Economics is the study of how products and services are produced, distributed, and consumed. In managerial economics, choices on how to distribute finite resources are made using economic theories and principles.Economic frameworks are used by managers to maximize earnings, resource allocation, and overall firm production while enhancing productivity and reducing wasteful activities. These frameworks analyze real-world issues at the micro and macroeconomic levels in order to help firms make intelligent, forward-thinking decisions. Managerial economic techniques help to guide managers in these decisions. Managerial decisions entail forecasting (making decisions about the future), which involves levels of risk and uncertainty.When trade or business is brisk, a lot of money is being made and goods are being sold extremely quickly. Souvenir vendors were doing good business. Since, the restaurant is doing a brisk business, this success will invite others to open competing restaurants and ultimately your profits will be driven to zero.
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According to a supply and demand model for apples, if the average household income decreases at the same time ten apple orchards go out of business, one would expect the:
Based on the law of supply and demand if orchards go out of business and income decreases, the equilibrium price of apples to increase and the equilibrium quantity of apples in the market to decrease.
What would cause the prices of apple to increase?Due to scarcity, the prices of apple would increase in the market. People would have to pay more to get the product which is now scarce.
When goods are few in the market they become more expensive than they were before.
What is the law of supply and demand ?The law of supply states that as the price of a good rise, the quantity supplied also rise and as the price of a good go down or fall, the quantity supplied also go down or fall.
The law of demand states that that as the price of a good rise, the quantity demanded go down or fall and as the price of a good go down or fall, the quantity demanded also rise.
Therefore, we can conclude that the correct option is E. The law of supply and demand if orchards go out of business and income decreases, the equilibrium price of apples to increase and the equilibrium quantity of apples in the market to decrease.
Your question is incomplete, but most probably your full question was:
According to a supply and demand model for apples, if the average household income decreases at the same time ten apple orchards go out of business, one would expect the:
a. equilibrium quantity of apples in the market to be indeterminate and the equilibrium price of apples to increase.
b. equilibrium price of apples to be indeterminate and the equilibrium quantity of apples in the market to increase.
c. equilibrium quantity of apples in the market to decrease and the equilibrium price of apples to be indeterminate.
d. equilibrium quantity of apples in the market to decrease and the equilibrium price of apples to stay the same.
e. equilibrium price of apples to increase and the equilibrium quantity of apples in the market to decrease.
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____________ is when suppliers allow a business to take possession of needed goods and pay for them at a later date or in installments. Group of answer choices Collateral A mortgage Trade credit Bartering
Trade credit
Small firms may be able to get finance in the form of trade credit from their suppliers. Suppliers enable the company to obtain the products and services it requires and pay for them later or in installments.
What is the meaning of trade credit?A business-to-business (B2B) agreement known as trade credit allows customers to make purchases of goods without paying in cash upfront and to make payments to suppliers at a later date. Businesses that use trade credits typically give customers 30, 60, or 90 days to make payment, with the transaction being documented by an invoice.
Trade credit can be compared to a form of 0% financing because it increases an organization's assets while deferring payment for a certain amount of products or services to the future and requires no interest payments throughout the repayment period.
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