Economists assume that people are rational in the sense that.

Answers

Answer 1
In the sense that consumers and firms use all available information as they take actions intended to achieve their goals

Related Questions

Cathlene runs a cake shop. Her primary goal is to set up the largest chain of cake shops in the city. Another goal of Cathlene's is to sell 400 cakes in December. In this scenario, Cathlene's goal of selling 400 cakes in December is an example of a _____.

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Based on the given scenario, we can see that because Cathlene runs a cake shop and wants to achieve her primary goal through the use of smaller goals is known as:

Proximal Goal

What is Proximal Goal?

This refers to the use of smaller goals to try and achieve a short target as they can be achieved in a short time frame.

With this in mind, we can see that the use of smaller goals to produce 400 cakes in December by Cathlene is known as the use of proximal goal because it can be done in a short period of time.

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If Daniel's cupcake shop has fixed
costs of $10,000, and a variable cost
of $1.00 per cupcake, what are his
total costs if he sells 2,000 cupcakes?

Answer choices:

- $14,000
- $12,000
- $8,000
- $10,000

Answers

$1 per cupcake for 2000 cupcakes = $2,000

Add the fixed costs:

$2000 + $10000 = $12.000

Answer: $12,000

Peter Metcalf says that at Black Diamond, all of their employees have a passion for outdoor activities. At their Asian facility, they asked new employees to learn to rappel off the roof of the facility, and they do weekend hiking events. These activities serve to increase the: _________

Answers

Since the employees are asked to learn to rappel off the roof of the facility, then, these activities serve to increase the cognitive component of their cultural intelligence.

What is the cognitive component & cultural intelligence?

The cognitive component deals with the ability to think while the cultural intelligence entails skill to relate and work effectively in culturally diverse situations

In conclusion, because the employees are asked to learn to rappel off the roof of the facility, then, these activities serve to increase the cognitive component of their cultural intelligence.

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The purpose of this measure is to Increase employment. Combat inflation. Lower interest rates. Control consumption.

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Combat inflation can be defined as a tool which is used by the government with the purpose of increasing the employment at the time of recession in the economy.

What is combat inflation?

Combat inflation is a technique used  by the national governments or other such authorities to where the cost of wages and controls over prices are levied.

A combat inflation in the economy is an effective technique which acts as a double-edged sword for increasing the employment as well as lowering the cost of hiring for the employers.

The only concern in a combat inflation technique is that it cannot be used as a tool for increasing the unemployment, which is highly and unlikely unfavorable for an economy, leading to loss of jobs.

Hence, option A; The purpose of the combat inflation measure is to increase employment rate in the country is the correct statement.

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Answer:

Combat Inflation

Explanation:

source: trust me bro

Gloria Catering provided $1,000 of catering services and billed its client for the amount owed. Determine the general journal entry that Gloria Catering will make to record this transaction.

Answers

The general journal entry that Gloria Catering will make to record this transaction is: Debit  Accounts receivable $1000; Credit Catering revenue $1000.

Journal entry

Assuming Gloria Catering provided the amount of $1,000 of catering services and billed its client for the amount owed. The appropriate journal entry to record this transaction is :

Gloria Catering Journal entry

Debit  Accounts receivable $1000

Credit Catering revenue $1000

(To record account receivable)

Inconclusion the general journal entry that Gloria Catering will make to record this transaction is: Debit  Accounts receivable $1000; Credit Catering revenue $1000.

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Explain the importance of a business storefront as an element of visual merchandising.

Answers

Answer:

Visual merchandising makes retail spaces more attractive and pleasing for customers, entices foot traffic, and encourages impulse buying.

Explanation:

Visual merchandising makes retail spaces more attractive and pleasing for customers, entices foot traffic, and encourages impulse buying. ... Visual merchandising encourages consumers to buy from your store. This will enhance sales and boost repeat sales.

When the president of Smithson Corp. proposed a new product for launch, his board of directors readily accepted his proposition without considering the risks. This is an example of _____.

Answers

If the board of directors readily accepted his proposition without considering the risks. This is an example of  groupthink.

What is groupthink?

Groupthink occur when a group of people tend to all accept a conclusion or an opinion that was made without considering whether the viewpoint they accepted was risky or good.

Based on the given scenario the board of directors  accepting the new product that was independently proposed by the president without considering the risks is an example of groupthink.

Inconclusion If the board of directors readily accepted his proposition without considering the risks. This is an example of  groupthink.

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Dow CEO Jim Fitterling mentions a(n) _____ in support of companies' efforts to remove plastic waste from the oceans.

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In order for companies to remove plastic waste from the oceans, an alliance was mentioned.

What is an alliance?

An alliance simply means a form of agreement between two or more entities to achieve a common goal.

Dow CEO Jim Fitterling mentions an alliance in support of companies' efforts to remove plastic waste from the oceans. This was vital to help reduce pollution.

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Firms that can employ and establish _________________, are more likely to protect their competitive advantage from being copied and/or eroding away. Group of answer choices isolating mechanisms key human capital cash equivalents a strong competitor response

Answers

It should be noted that Firms that can employ and establish isolating mechanisms are more likely to protect their competitive advantage.

What is Isolating mechanisms?

Isolating mechanisms serves as the  ways in which groups of individuals become separated for long enough to have different perspective.

With Isolating mechanisms a firm can protect their competitive advantage from being copied and/or eroding away.

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Most careers do not require training or education beyond high school. Please select the best answer from the choices provided T F.

Answers

Answer:

F(false)

Explanation:

Most careers do not require training or education beyond high school. Hence, the answer is false. Hence option B is appropriate.

What is the meaning of the word career?

Career is the most important thing, especially in the lives of individuals who try to achieve success in the long run. Career directly means the ways and means in which people all around are slowly being inducted or have sorted out something they want to do in their lives.

A career in simpler terms helps in the process of selecting a person's personal choice of anything he/she wants to pursue in life.

The word career has been also very much intriguing and also be used with the utmost by people. Without a career, a person can not move forward in his path to earn or also in their studies. Hence, option B is appropriate.

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The asset that is most susceptible to employee fraud is.

Answers

The asset in a company that is typically susceptible to fraud by the employees is known as cash.

What is an asset?

An asset simply means the resource that is controlled or owned by a company.

The asset in a company that is typically susceptible to fraud by the employees is known as cash. It should be noted that an asset in a company is important as it can produce positive economic value.

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What fraction with a denominator of 12 is equivalent to 3/6?

3/6=?

Answers

6/12 is the same as 3/6 because they are both a half of their denominator

Answer:

6/12

Explanation:

Goods sold to Seema for Rs. 4,000 and received Rs. 1,000 as partial payment.​

Answers

….what is the question???…. I don’t see it

A company received $2,000 of equipment and promised to pay for it next month. The increase in equipment would be recorded with a ______ to the Equipment account.

Answers

An increase in the equipment would be recorded with a debit to the Equipment account on the journal entry.

What is Equipment account in journal entry?

in journal entry, an Equipment account is used to record the amount spent or received on any equipment.

In conclusion, the increase in the equipment would be recorded with a debit to the Equipment account on the journal entry.

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The increase in equipment would be recorded with a debit to the Equipment account.

Increase in equipment

Based on the information given if the company received the amount of $2,000 of equipment the increase in equipment would be recorded with a debit to the Equipment account.

The appropriate journal entry to record the transaction will be:

Journal entry

Debit Equipment $2,000

Credit Cash $2,000

(To record equipment)

Inconclusion the increase in equipment would be recorded with a debit to the Equipment account.

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What two words are repeated throughout the fbla-pbl creed?.

Answers

The two words are repeated throughout the fbla-pbl creed is: I believe.

What is  fbla-pbl creed?

Fbla-pbl creed which full meaning is Future Business Leaders Of America-Phi Beta Lambda is an organization which want everybody to have a good education as well as a great career path.

Fbla-pbl creed goals is to impact life and make the world  a better place for people.

The word "I believe" was  repeated throughout the fbla-pbl creed because the organization believe that everyone has the right to be educated.

Inconclusion the two words are repeated throughout the fbla-pbl creed is: I believe.

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How many credit cards does the average american have.

Answers

Answer:

about 4

Explanation:

the average american has or did have 4 credit cards. .

What is the major difference between a nonprofit organization and a for-profit organization?.

Answers

Answer:

nonprofits have a social mission, while for-profits aim to offer products and services that are valuable and that make them a tom of money. Then they get money. and also non profits don't make a profit they just pay for themselves and their product.. 0 profit

Explanation:

Pharmakia is a company that develops and manufactures prescription medicines. Recently, pharmakia has been unable to obtain ingredients key to its medicines, is facing rapidly increasing labor costs, and is paying high tariffs when exporting its medicines. To mitigate these difficulties, pharmakia should consider becoming a:.

Answers

To mitigate the difficulties of not being able to obtain essential ingredients for the production of its medicines, facing high labor costs and paying high export tariffs, Pharmakia should consider becoming a countertrade.

What is countertrade?

Corresponds to the reciprocal exchange of goods and services through international trade without the use of hard currency. It is a strategy generally used in developing countries, and its advantages are increased industrial growth and access to different items and raw materials.

Therefore, if Pharmakia becomes a countertrade, it can obtain the necessary resources for the production of its medicines in exchange for supplying them to a country through barter, reducing its costs and tariffs.

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Consider a piece of machinery that is still in use and highly productive. A(n) would say that that machine should not be counted in depreciation because it is still part of the productive process.

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If a piece of machinery is still in use and still productive, the person who would say it should not be counted in depreciation is an Economist.

Why would an economist say this?

In economics, an asset should only be depreciated when it can no longer produce goods and services.

In this case, the asset is till producing and is still very much in use. An economist would therefore recommend against counting this machinery in depreciation.

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Which "unwritten" skill did the Harvard Business Review consider essential to being promoted on the job?

Answers

The skill that's considered essential to being promoted on the job is strategic thinking.

What is strategic thinking?

Strategic thinking simply means a form of critical thinking. It simply has to do with seeing the bigger picture.

It is an unwritten skill that the Harvard Business Review consider essential to being promoted on the job. It's about putting thoughts to action.

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Harper Electronics Corp. was forced to pay off the government representative of the foreign country before Harper Electronics was allowed to do business there. Which type of factor affected the company's cost of doing business

Answers

The factor that affected the company's cost of doing business based on having to pay a government official off is a Political factor.

What are political factors affecting business?These relate to the impact of the government of a nation on a business venture. Includes taxes, relevant laws, and payments to the government.

Paying off the government of a nation to engage in business therefore falls under the political factor because it involves dealing with the government of the nation.

In conclusion, this is the political factor.

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Which situation shows how a consumer's prior decision influences their future decisions within the same product category

Answers

The that shows how a consumer's prior decision influences their future decisions within the same product category is when a consumer joins a health club and needs to buy running shoes and athletic wear.

What are future decisions?

Future decisions are those decisions that can be made by customer after a thorough  examination of a particular product.

Then they can now make a decision whether to buy or not.

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The ending balances for an accounting period become the beginning balances of the subsequent accounting period. This statement is:.

Answers

It is true that ending balances for an accounting period become the beginning balances of the subsequent accounting period.

Why is this statement true?

In accounting, a financial record is prepared on annual base, hence, the ending balance for a particular year will be carry forward for preparation of subsequent year account.

In conclusion, It is true that ending balances for an accounting period become the beginning balances of the subsequent accounting period.

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Resort Hotel Company replaces Sharon, a forty-five-year-old employee, with Terry. Sharon files a suit against the employer under the Age Discrimination in Employment Act. To establish a prima facie case, she must show, among other things, that she is

Answers

As Sharon files the suit against the employer for Age Discrimination, there is need to establish a prima facie case and show that she is Qualified for the position.

What is Age discrimination?

An Age discrimination is a class of discrimination that is age-based rather than on race, ethic, gender etc.

In conclusion, Sharon will have to prove that she is Qualified for the position.

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Lucia is responsible for establishing a confidential service that employees can use to question if a practice is unethical and she also makes sure the company complies with government laws and regulations. Lucia is an example of a(n) _____.

Answers

Answer:

ethics officer

Explanation:

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Dell manufactures all the necessary components for its desktops and laptops. It assembles these components into basic computers that can be sold in stores and also assembles products to the exact specifications of customers. Dell is engaged in ______.

Answers

In the above scenario, Dell is engaged in mass customization.

Why is mass customization vital?

Mass customization is known to be the act or a marketing and manufacturing method that is known to use the combination of the flexibility and personalization of custom made goods with the low unit costs that are linked with mass production.

Mass customization is known to be a useful marketing solution for getting and retaining consumers and creating a long term relationships with them.

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10.Is service and quality likely to be better in an industry dominated by a monopoly or in a perfectly competitive industry

Answers

The service and quality is likely to be better in an industry dominated by perfectly competitive industry.

What takes place in a perfectly competitive industry?

In a perfect competition, a lot of  firms do produce identical products and also majority of the firms are known to be price-takers.

This industry is one where all firms have a a part of small market share and the  buyers are said to know the nature of the product that is said to being sold.

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Mateo wants to buy a new guitar and amp that will cost about $2,500. He works part time at a cafe and brings home around $500 per week. He tells his friends he plans to buy the guitar in about two months. What detail of this goal is missing?

Answers

The missing detail in Mateo's goal is how much money he can save per week.

While it is known that he brings home around $500 per week from his part-time job at the cafe, it doesn't have information on how much of that income he plans to save each week towards buying the guitar and amp.

To determine if he can achieve his goal of buying the guitar in about two months, it is needed to know how much money he can set aside from his weekly earnings for savings. Without this information, it is challenging to assess whether his goal is achievable within the specified timeframe.

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True or false: The labor rate variance measures the productivity of direct labor. True false question. True False

Answers

Answer:

False because the labor rate variance reflects the difference between the actual and standard direct labor rates.

Mark Ghermizian had quit his job and was looking to start a small business so he could be his own boss. When he read that people spend up to fifteen minutes every day staring at a bathroom stall door, he decided he would find advertisers who wanted to pay to have their advertising messages on bathroom stall doors. Since he has his idea, Ghermizian's next step is to: ___________
a) determine if he has the right personality to run a business
b) choose a form of business organization
c) create a name for his business
d) get financing for his new business
e) create prototype ads

Answers

The choosing of form of business organization should be the next step of Ghermizian since he already has his business idea.

What are form of business organization?

The form of business organization ranges from establishing a business in form of a sole proprietorship, partnership, corporation, Limited Liability Company etc

Hence, the next step of Ghermizian should be choosing of form of business organization.

Therefore, the Option B is the next step.

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