"Investment income includes gross income from interest, annuities, and royalties not derived in the ordinary course of a trade or business but does not include any income taken into account when calculating income or loss from a passive activity". The following statement is true.
What is investment?⇒ Investments are financial commitments made to acquire assets in the hopes that their value would rise over time. Investment necessitates the loss of a current resource, such as time, money, or effort.
In the world of finance, investing is done in order to profit from the asset being put to use. A gain (profit) or loss realized from the sale of a home or investment, unrealized capital gain (or loss), investment income like dividends, interest, or rental income, or a combination of capital gain and income may all be included in the return. The return may also include foreign exchange gains or losses as a result of shifting exchange rates.
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Example 3: Threat’s Repair Shop was started on May 1 by Erica Threat. A summary of May
transactions is presented below.
1. Invested $10,000 cash to start the repair shop.
2. Purchased equipment for $5,000 cash.
3. Paid $400 cash for May office rent.
4. Paid $500 cash for supplies.
5. Incurred $250 of advertising costs in the Beacon News on account.
6. Received $6,100 in cash from customers for repair service.
7. Withdrew $1,000 cash for personal use.
8. Paid part-time employee salaries $2,000.
9. Paid utility bills $170.
10. Provided repair service on account to customers $750.
11. Collected cash of $120 for services billed in transaction (10).
Instructions
(a) Prepare a tabular analysis of the transactions, using the following column headings: Cash,
Accounts Receivable, Supplies, Equipment, Accounts Payable, Owner’s Capital, Owner’s
Drawings, Revenues, and Expenses.
(b) From an analysis of the owner’s equity columns, compute the net income or net loss for May
The net income of the owner of Threat’s Repair Shop that was started on May 1 by Erica Threat is $4030.
Explain the term liability.An obligation that an individual or organization has, typically one that is financial in nature, is known as a liability. Liabilities are eventually settled through the exchange of financial rewards like money, products, or services. Debts like loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accrued expenses are examples of liabilities that are listed on the right side of a balance sheet.
Assets can be contrasted with liabilities. Liabilities are debts or other obligations, whereas assets are things you own or owe money to. An obligation between two parties that hasn't been fulfilled or paid for generally qualifies as a liability.
To solve the question :
a. The tabular analysis of the transactions, using the following column headings: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Owner’s Capital, Owner’s Drawings, Revenues, and Expenses is attached.
b. Threat's Repair Shop Income Statement For the Month Ended May 31
Revenues = $6100 + $750 = $6850
Less: Expenses = 400 + 250 + 2000 + 170 = 2820
Net Income = $4030
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Complete the following table by computing the missing amounts for the following independent cases. (Do not round intermediate calculations. Round "Annual Interest Rate" to 1 decimal place.)
The simple interest formula can be used to determine the interest that has been accrued on a primary balance. In order to find missing values like the principal or the interest rate, the formula can also be changed.
Define simple interest rate.The principal of a loan or the initial deposit into a savings account is used to compute simple interest. A creditor can only charge simple interest on the principal amount because it doesn't compound, and a borrower is never obligated to pay further interest on the interest that has already accumulated.
Equation for simple interest:
A = P (1 + rt)
Here,
A is the Total Accrued Amount (principal + interest)
P is the Principal Amount
I denotes Interest Amount
r denotes Rate of Interest per year in decimal. That is r = R/100
R represents Rate of Interest per year as a percent. That is R = r * 100
t represents Time Period involved in months or years
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Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.00 per direct labor hour at 55,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
The fixed factory overhead volume variance equals to $11,000 (favorable).
What is a fixed factory overhead volume variance?Basically, a fixed overhead volume variance refers to the difference between the amount budgeted for fixed overhead costs based on the production volume and the amount that is eventually absorbed.
The computation of the fixed factory overhead volume variance is shown below:
= (Actual activity - Normal activity) * Fixed overhead cost per unit
= (8,000 * 7.5 - 55,000) * $2.00
= (60,000 - 55,000) * $2.00
= 5,500 * $2.00
= $11,000 (favorable)
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5. Francisco's lunch cost $5 (pre-tax) and he left a $1 tip. Was the tip greater than or less than 15%
of the pre-tax bill?
650 bat
Answer:
The tip is greater than the tax.
Explanation:
15% of $5 would be $0.75 which menas he paid an extra 25 cents.
Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business:
Cash$52,000
Short-term investments 12,000
Accounts receivable 54,000
Inventory 325,000
Prepaid expenses 17,500
Accounts payable 106,500
Other current payables 25,000
The current ratio is 3.50 and the acid-test ratio is 1.03.
What is the current ratio and the acid test ratio?
Current ratio is an example of a liquidity ratio. Liquidity ratios measure a firm's ability to honour its short terms obligations. The higher the current ratio, the higher the firm's liquidity and its ability to meet short term obligations
Current ratio = current asset /current liability
Current assets = cash + Short-term investments + Accounts receivable + inventory + prepaid expenses
Current assets = 52,000 + 12,000 + 54,000 + 325,000 + 17,500 = $460,500
Current liabilities = 106,500 + 25,000= $131,500
Current ratio = $460,500 / $131,500 = 3.50
Acid test ratio also known as the quick ratio measure the ability of short term assets to meet current liabilities
Acid test ratio = (current asset - inventory) / current liabilities
Acid test ratio = ($460,500 - 325,000) / $131,500 = 1.03
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the loss from abnormal spoilage account would appear . question 32 options: as a detailed item in the retained earnings schedule of a balance sheet on a balance sheet as a deduction from the cost of goods sold as a separate line item on an income statement
The loss from abnormal spoilage account would appear as a separate line item on an income statement.
What is account?Accounting is the practice and study of maintaining financial records and transactions, including income, expenses, and the recording of assets and liabilities. It includes the preparation of financial statements, bookkeeping, and the analysis and interpretation of financial data. Accountants use a variety of methods to analyze financial data such as financial ratios, trend analysis, forecasting, budgeting, and cost/benefit analysis. By understanding the financial data, accountants can provide advice on how to make decisions that will improve the financial health of a business. Accountants also play a major role in ensuring that businesses comply with relevant laws and regulations.
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According to ______ theory, basic survival and security needs must be satisfied before one can move on to such higher needs such as self actualization
A. evolutionary
B. instinct
C. Maslow's
D. Wiener's
According to Maslow theory, basic survival and security needs must be satisfied before one can move on to such higher needs such as self actualization.
Explain in detail.
According to Maslow's hierarchy of needs, a theory of motivation, a person's conduct is determined by five categories of basic human needs. These needs include those for physiology, safety, love and belonging, esteem, and self-actualization.
The model of choice for illuminating the psychology of human motivation is Maslow's hierarchy of needs. It will enable you to spend less time speculating about what makes your employees tick and more time engaging in activities that inspire them.
Therefore, the correct answer is Option C.
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publishing changes from within view updates is not allowed, this will cause undefined behavior. swiftui mapview
Undefined behavior can cause a program to crash or even cause less obvious errors that make the program appear to be operating normally, such as silent data loss and the production of false results.
What occurs with undefined behavior?Undefined behavior can cause a program to crash or even cause less obvious errors that make the program appear to be functioning normally, including the production of false results and silent data loss.
Why is there undefined behavior?The fundamental purpose of undefined behavior is to offer the compiler flexibility when optimizing. It enables the compiler to, for instance, make assumptions about what is and is not possible without having to provide evidence for those assumptions.
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Terry wants to begin investing and needs some guidance because he is uncomfortable making investment decisions. He should use a(n)
A. Discount broker.
B. Full-service broker.
C. Market maker.
D. Online broker.
E. None of these is correct.
Terry wants to begin investing and needs some guidance because he is uncomfortable making investment decisions. He should use a(n) Full service broker.
A regulated financial broker-dealer company that offers a wide range of services to its clients, such as research and guidance, retirement planning, tax counseling, and much more, is known as a full-service broker. The commissions at full-service brokerages are significantly greater than those at cheap brokers, so of course all of this comes at a cost.
While bargain brokers are the way to go for those who only want to execute trades without the extra services, full-service brokers can offer knowledge for those who don't have the time to remain current on complex matters like tax or estate planning. Full-service brokers give their clients individualized assistance and involvement when it comes to facilitating trades, managing portfolios, financial planning, and asset management. Individual stockbrokers and/or financial advisors are allocated to clients.
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Carlos is from Mexico and has been hired as a warehouse manager for a company in Brazil. The company in Brazil is owned by a company in the United States. Which of these countries would be considered a third country in this scenario?
Mexico
Mexico would be considered a third country in this scenario.
An expatriate is a migrant worker who is a skilled or skilled worker in their profession. Workers accept jobs outside their home country as self-employed or employer-organized jobs such as companies universities governmental or non-governmental organizations.
The term Third World was originally coined during the Cold War to describe countries that belonged neither to the West nor to the Communist bloc in the East. Today the term is often used to describe developing countries in Africa Asia Latin America and Australia Oceania. An outdated and offensive term for developing countries characterized by indicators.
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in the presence of profits, firms enter a monopolistically competitive market until the market reaches the point at which the firms are generating a(n) profit; then entry stops and the market settles into its -run equilibrium.
The firms generating surpluses occur profit then entry stops and the market settles into its -run equilibrium.
Markets tend to be in equilibrium when there is a shortage, as consumers dissatisfied with not being able to buy the goods and services they want tend to raise prices thereby tending the market toward equilibrium.
The equilibrium price also known as the market clearing price is the consumer cost resulting from a product or service for which demand and supply are equal or nearly equal. Manufacturers or sellers can sell units they want to move, and customers have access to units they want to buy. If demand decreases and supply increases, the equilibrium price will fall.
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The revolution in management that is currently underway suggests that the most effective managers of the future will:
A. be very strict in their treatment of workers.
B. emphasize individual initiative rather than teamwork.
C. specialize in performing one of the four management functions.
D. emphasize team work.
Revolution in management that is currently underway suggests that the most effective managers of the future will emphasize teamwork. Hence option (D) is the answer.
What is the revolution of management?A theory suggests that the owner of a modern firm is no longer the controlling figure and has been replaced by professional management. This is linked to how less value is placed on private property and family ownership in modern capitalism.
The definition of success is changing, as are the nature of work, the relationships between companies, and the organizational structure of the company. As a result, a revolution as extensive as the one in business has taken place. If businesses do not participate in a triple revolution in management, information technology, and global markets, they will not last long.
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The ______ curve for each type of labor slopes upward, indicating that employers as a group must pay higher wage rates to obtain more workers.
The supply curve for each type of labor slopes upward, indicating that employers as a group must pay higher wage rates to obtain more workers.
The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period. In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis. The law of supply is expressed by the supply curve, which rises from left to right: The amount supplied rises as a certain commodity's price rises (all else being equal). The supply elasticity, also known as price elasticity of supply, is the degree to which increasing prices result in increasing quantities.
The supply elasticity of soybeans is one if a 50% increase in soybean prices results in a 50% increase in the quantity produced.
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Which of the following is NOT a percentage of social security benefits subject to federal tax? Up to __________.
a. 0%
b. 50%
c. 85%
d. 100%
If you file a federal tax return as a "individual" and your "combined income" is greater than $25,000, you must pay taxes on up to 85% of your Social Security benefits. You and your spouse have "combined income" of more than $32,000 on your joint return.
Can Social Security benefits ever be fully taxed?On some of your benefits from Social Security, you must pay federal income taxes. Only when you have additional significant income on top of your benefits does this typically occur.
The federal tax rate is what percentage?The federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35%, and 37% for the 2022 tax year. However, there are small inflation adjustments made to the income minimums for each group each year.
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In a market economy, the MAIN incentive for entrepreneurs to take risks is the potential for
A
B
C
D
paying lower taxes.
traveling to other countries.
making a profit.
acquiring better job benefits.
The chance of making a profit is the MAIN reason why business people take risks in a market economy.
How does profit work?a significant payout Gain is the difference between the returns and the costs of a single transaction or a series of transactions. especially: the premium that commodities command over their marginal cost. 3.: Typically, net income for a specific time frame.
The importance of profit?Revenues less costs equal profit for an organization. Profitability affects a company's capacity to obtain bank funding, draw in shareholders to fund its operations, and expand its business, making it crucial for businesses to turn a profit. Without making a profit, companies are unable to continue operating.
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question 1 which of the following refers to how a company arranges its employee hierarchy, divides and coordinates job tasks, and enables members of the organization to relate to one another?
c) Organizational structure refers to how a company arranges its employee hierarchy, divides and coordinates job tasks, and enables members of the organization to relate to one another.
In the field of business, the format through which a company does tasks and moves in a progressive order is referred to as the organizational structure.
The organizational structure of a company included the various job roles that are assigned to each employee in the organization, the relationships of different departments with each other, the proper managemental procedures, etc.
Without a proper organizational structure, a company will not be able to progress properly and there will be difficulties in tasks as well.
Although a part of your question is missing, you might be referring to this question:
Which of the following refers to how a company arranges its employee hierarchy, divides and coordinates job tasks, and enables members of the organization to relate to one another?
a) project management office
b) authoritative structure
c) organizational structure
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Suppose Maria wants to buy 10,000 shares of a stock. Of the choices listed below, which would be the most typical way for Maria to buy the shares?
a. Go to her broker's website, log in, and then buy the stock.
b. Study and pass the federally mandated stock investment exam.
c. Drive to the stock exchange and place the buy order.
If Maria wants to buy 10,000 shares of a stock. From the listed choices the most typical way for Maria to buy the shares is to go her broker's website, log in, and then buy the stock.
Stock, which can also refer to shares of mutual funds, limited partnerships and real estate investment trusts, is an entity that participates in a company's equity in the financial markets. The term "social capital" describes all the actions of an organization. Shareholders of a joint-stock company are those who own shares of the company.
Stocks represent an ownership bond between a company and its shareholders and are a unit of real estate capital. The par value of a stock, which may not correspond to the market value of those shares, is its par value. The entire nominal value of the issued shares constitutes the capital of a company.
Hence the correct option is A
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Data obtained from outside sources, when combined with a firm's proprietary internal data assets, can give the firm a competitive edge. a. Trueb. False
Data obtained from outside sources, when combined with a firm's proprietary internal data assets, can give the firm a competitive edge. Option A . TRUE.
Proprietary trading (Prop buying and selling) happens whilst a bank or company trades stocks, derivatives, bonds, commodities, or other financial instruments in its own account, the usage of its own cash as opposed to the use of clients' cash.
Proprietary buying and selling Definition: In proprietary buying and selling, investors buy and sell securities the usage of the company's personal money to make a income; the buying and selling may be directional (having a bet that a security's rate will cross up or down) or market-making (performing as each the consumer and vendor of securities and making a earnings.
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based on the fact that both james and amber increased production from the initial cartel quantity, you know that the output effect was larger than the price effect at that quantity.
True b/c the output effect increases TR when qty increases, but price effect decreases TR as qty increases. The output effect was larger because they both could individually increase revenue with higher production than cartel qty.
The concept of the price effect examines how market prices affect consumer demand. Businesses may find it useful to analyse the pricing effect when determining the price at which to sell their products and services. Buyers often buy less when prices increase and vice versa when prices decrease. An example of this is a typical price-to-demand curve.
Price effect is the shift in demand for a specific commodity or service that occurs when its price is altered. It may also be used to describe how a particular occurrence affects the price of a financial instrument.
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the is the institution designed to control the quantity of money in the economy and also to oversee the: group of answer choices central bank; safety and stability of the banking system. fomc; passing of tax and spending bills. ffiec; day-to-day democratic control of policy. fdic; responsibility for deposit insurance.
The central bank is the organization responsible for managing the amount of money in the economy.
The central bank is a financial entity that has sole control over a nation's or a group of nations' production and distribution of money and credit. The formulation of monetary policy and member bank regulation are normally the responsibility of the central bank in modern economies. Central banks are institutions that are inherently anti-competitive or non-market-based. Despite the fact that some central banks have been nationalized, many are independent from the government and are typically praised for their political neutrality. But even though a central bank isn't technically state property, the law still establishes and protects its rights.
A central bank is distinguished from other banks by its legal monopoly position, which gives it the authority to produce currency and banknotes.
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One advantage of having a home equity loan is that
O it is interest free for the homeowner.
O it increases the value of the person's home.
the interest paid on the loan is tax deductible.
the monthly mortgage loan payments are reduced.
Answer:
he interest paid on the loan is tax deductible.
Explanation:
This means that the homeowner can potentially save money on their taxes by deducting the interest paid on the loan from their taxable income. This can make the loan more affordable and can help the homeowner to save money over the long term. Other advantages of having a home equity loan may include being able to borrow a large amount of money at a competitive interest rate and having the flexibility to use the funds for a variety of purposes.
In a multiplant setting, where (Q1) is output from plant 1, and (Q2) is output from plant 2, profits are maximized where
MC1(Q1) = MC2(Q2)
In a multiplant setting, where (Q1) is output from plant 1, and (Q2) is output from plant 2, if the profit is maximized they will get thebmaximum profit from multiplant setting.
Which of the following claims about a monopolist who seeks to maximize profits is accurate?The solution that is right is option d. Setting MR = MC is necessary to maximize profit in a monopolistic competitive market. Technically, because of the downward sloping demand curve, the price exceeds marginal revenue.
Which of the following statements regarding a monopolist who seeks to maximize profits is untrue?The following is untrue when referring to a monopolist: b. In order to maximize profits, the monopolist fixes the price at the marginal cost. The number of outputs that a monopolist produces when marginal revenue equals marginal cost is used in the demand function to determine the price.
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Support Department Allocations And Cost Drivers
Varney Corporation, a manufacturer of electronics and communications systems, allocates Computing and Communications Services Department (CCS) costs to profit centers. The following table lists the types of services and cost drivers for each service. The table also includes the budgeted cost and quantity for each service for August.
CCS Services
Cost Drivers
Budgeted Cost Budgeted Quantity
of Services
Help desk Number of calls $90,000 3,600
Network center Number of devices 120,000 1,500
Electronic mail Number of user accounts 160,000 5,000
Smartphone support Number of smartphones issued 72,000 4,000
One of the profit centers for Varney Corporation is the Communication Systems (COMM) division. Assume the following information for COMM:
COMM has 2,500 employees, of whom 20% are office employees.
All of the office employees have been issued a smartphone, and 95% of them have a computer on the network.
One hundred percent of the employees with a computer also have an email account.
The average number of help desk calls for August was 0.6 call per individual with a computer.
There are 400 additional printers, servers, and peripherals on the network beyond the personal computers.
a. Compute the service allocation rate for each of CCS’s services for August.
CCS Service Category Service Charge Rate
Help desk $25
Network center $80
Electronic mai $32
Smartphone support $18
b. Compute the allocation of CCS’s services to COMM for August.
August charges to the COMM sector :
Help desk charge $
Network center charge $
Electronic mail charge $
Smartphone support charge $
a) The computation of the service allocation rate for each of CCS’s services for August is as follows:
CCS Service
Category Service Charge Rate
Help desk $25
Network center $80
Electronic mail $32
Smartphone support $18
b) The computation of the allocation of CCS's services to COMM for August is as follows:
Help desk charges $7,125
Network center charges $110,000
Electronic mail charges $15,200
Smartphone support charges $9,000
CCS Services Cost Drivers Budgeted Budgeted
Cost Quantity
of Services
Help desk Number of calls $90,000 3,600
Network center Number of devices 120,000 1,500
Electronic mail Number of user accounts 160,000 5,000
Smartphone support Number of smartphones issued 72,000 4,000
a) Service Allocation Rates for CCS's Services:
CCS Service Category Service Charge Rate
Help desk = $25 ($90,000 ÷ 3,600)
Network center = $80 ($120,000 ÷ 1,500)
Electronic mail = $32 ($160,000 ÷ 5,000)
Smartphone support = $18 ($72,000 ÷ 4,000)
b) COMM:
The number of employees = 2,500
Office employees = 500 (2,500 x 20%)
Smartphone holders = 500
Computer holders = 475 (500 x 95%)
Email account users = 475 (475 x 100%)
Help desk calls = 285 (475 x 0.6)
The additional number of printers, servers, and peripherals = 400
The number of network devices = 1,375 (500 + 475 + 400)
Number of electronic mail user accounts = 475
Allocation of CCS's Services to COMM:
Help desk = $7,125 ($25 x 285)
Network center $110,000 ($80 x 1,375)
Electronic mail $15,200 ($32 x 475)
Smartphone support $9,000 ($18 x 500)
The total CCS cost allocated top COMM for August = $141,325
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Which one of the following is most likely correct for a diversified stock portfolio that exhibits a higher standard deviation than the market index?
A. The portfolio contains a significant amount of specific risk.
B. The portfolio plots below the security market line.
C. The portfolio's beta is less than 1.0.
D. The portfolio contains aggressive stocks with a beta greater than 1.0
The portfolio contains a significant amount of specific risk is most likely correct for diversified stock portfolio that exhibits higher standard deviation than market index.
What is a portfolio?Individual investors may have portfolios, or they may be managed by financial professionals, hedge funds, banks, and other financial institutions. The idea that a portfolio should be created with the investor's risk appetite, time horizon, and investment goals in mind is one that is widely acknowledged. The goal is to maximize expected return and minimize risk when deciding on asset allocation. A is a Pareto-optimal portfolio if no other portfolio dominates A. For the Markowitz portfolio selection issue, the collection of Pareto-optimal returns and hazards is referred to as the Pareto efficient frontier. A different method of portfolio diversification has recently been proposed in the literatures that incorporates risk and return into the optimization issue.
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Which of the following are characteristics of advertising?
-uses various media
-non-personal communication
-it is free
-the organization paying for advertising is not identified
Advertisement includes the following factors
Uses various medianon-personal communicationExplain in detail
An advertising, sometimes referred to as an advert or ad, is typically seen as a form of public discourse that supports a good, service, organization, or event. Some people may view the phrase as going even further than that, encompassing any form of sponsored advertising intended to inform or persuade.
A sponsored type of communication that promotes a service, product, or brand is known as an advertisement. Advertisements are a tool used by marketers to assist businesses in achieving their goals and boosting profits. They frequently create adverts for particular target markets of potential consumers.
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Listen Postgame press conferences and shows are a poor place for sport organizations to encourage conversation on social media. True False
Listen, it's true that sports organizations should not promote social media conversation at postgame press conferences or broadcasts.
What is Social Media?Social networking refers to techniques where users create, distribute, and/or exchange ideas and knowledge through virtual communities and networks. Users can engage in conversations, share information, and produce content for the web via social media platforms. Social media can take many different forms, including blogs, microblogs, wikis, social networking sites, photo and video sharing websites, instant messaging, podcasts, widgets, virtual reality, and more.
What is the main purpose of media and what is social media introduction?Mass media's primary objective is communication. The goal of mass media is to reach the broadest audience possible by disseminating a lot of information. Different communication methods can be used. The media disseminates information on products, general education, health & security, and current events (i.e., advertisements).
Social media is computer-mediated technologies that enable people to see, create, and exchange knowledge, ideas, and other kinds of expression through online communities and networks. These organizations include businesses, NGOs, governments, and other groups.
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Which description best fits Digby in your industry? For clarity:
- A differentiator competes through good designs, high awareness, and easy accessibility.
- A cost leader competes on price by reducing costs and passing the savings to customers.
- A broad player competes in all parts of the market.
- A niche player competes in selected parts of the market.
Which of these four statements best describes this competitor?
Select: 1
a. Digby is a broad differentiator
b. Digby is a broad cost leader
c. Digby is a niche differentiator
d. Digby is a niche cost leader
The elements that set a corporation or business apart from the other participants in its field are referred to as its competitive advantage Digby in your industry.
What does industrial jargon mean?
You employ industrial jargon any time a word is used that a person in a different department would find difficult to comprehend. Industry jargon therefore includes the vocabulary that is mostly understood by a set of persons who work in a particular profession.
What is a suitable sentence for the workplace?example of an industry sentence. He was working in a field where he could do whatever he wanted. This statement cannot be made about the mass food industry of today. Sardinia's mining sector is primarily restricted to the island's south-western region.
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which of the following would result in a higher equilibrium price for pizza? assume that pizza is a normal good. (choose all that apply)
An increase in the number of consumers in the area. an increase in the price of pizza dough.
A customer is a person or a collection who intends to order, or uses purchased goods, merchandise, or offerings frequently for private, social, circle of relatives, household and comparable wishes, who isn't always immediately related to entrepreneurial or business sports. The time period maximum typically refers to a person who purchases goods and services for personal use. consumers, through definition, encompass us all," stated President John F. Kennedy, supplying his definition to the united states Congress on March 15, 1962. This speech became the premise for the advent of world patron Rights Day, now celebrated on March 15. In his speech : John Fitzgerald Kennedy mentioned the necessary duty to clients from their respective governments to assist in exercising customers' rights, together with.
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In natural monopoly, AC continuously declines due to economies in distribution or in production, which tends to be found in industries which face increasing returns to scale. If price were set equal to marginal cost, then:a. Price would equal average costb. price would exceed average costc. price would be below average costd. price would be at the profit maximizing level for natural monopolye. all of the above
The Correct answer for the given question is- price would be below average cost.
What is natural monopoly?A certain kind of monopoly known as a "natural monopoly" might develop when the fixed costs of distribution are exceptionally high, as when extensive infrastructure is needed to secure supply.
Infrastructure examples include the grids and cables used to deliver power, the pipes used to transport water and gas, and the train and subterranean networks. These expenses are also sunk costs and serve as a barrier to admission and leave.
Utility services constitute a natural monopoly. To cities and towns across the nation, utility monopolies offer water, sewage, electricity transmission, and energy distribution services including retail natural gas transmission.
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Recommerce is a new trend that shows that many consumers want to squeeze more value out of their possessions by selling or trading them. Which of the following is NOT a type of recommerce?
showrooming
Recommerce is a new trend that shows that many consumers want to squeeze more value out of their possessions by selling or trading them. Showrooming is NOT a type of recommerce.
A consumer is a person or a collection who intends to order, or uses bought items, products, or services commonly for personal, social, family, household and comparable desires, who isn't always directly associated with entrepreneurial or business activities.
A customer is the one who purchases the product for his/her own need and makes use of or consumes it. A purchaser cannot resell the best, product or service but can consume it to earn his/her livelihood and self-employment. Definition of customer. The client is the one who's the quit-consumer of any items or services.
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