As women's wages have risen relative to men's wages, the opportunity cost to women of doing housework has ________ than has the opportunity cost to men
Answers
As women's wages have risen relative to men's wages, the opportunity cost to women of doing housework has increase over has the chance cost to men.
Opportunity costs represent the potential benefits that a private, investor, or business misses out on when choosing one alternative over another. cost is that the forgone benefit that will are derived from an option not chosen. To properly evaluate opportunity costs, the prices and benefits of each option available must be considered and weighed against the others. Considering the worth of an opportunity costs can guide the individuals and organizations to be more profitable in decision-making. Cost could be a strictly internal cost which is used for strategic contemplation; it's not included in accounting profit and is excluded from external financial reporting.
Learn more about Opportunity costs.
https://brainly.com/question/1549591
#SPJ4
Related Questions
Which option identifies the marketing strategy demonstrated in the following scenario?
Department stores often have their own credit cards and mailings sent to card holders that offer incentives such as
percent discounts and early hour shopping days.
O product packaging
customer loyalty
O advertising
word-of-mouth
Answers
Answer: customer loyalty
Explanation:
Determine which of the statements below is true regarding the adjusted bank balance and the adjusted book balance on a bank reconciliation. Multiple choice question. The adjusted book balance will rarely equal the adjusted bank balance. The cash balance on the bank statement must equal the cash balance in the general ledger before the bank reconciliation. The adjusted balance per books must equal the cash balance printed on the bank statement. The adjusted bank balance must equal the adjusted cash balance per books.
Answers
The statements that is true regarding the adjusted bank balance and the adjusted book balance on a bank reconciliation is: The adjusted bank balance must equal the adjusted cash balance per books.
What is bank reconciliation?
Bank reconciliation can be defined as the way where by a company bank balance must be the same with the company cash balance.
In a situation where adjusted bank balance does not equal or reconcile with the adjusted cash balance per books this means that there is an error and such error must be detected for the bank balance to equal cash balance when preparing a bank reconciliation statement.
Inconclusion the statements that is true regarding the adjusted bank balance and the adjusted book balance on a bank reconciliation is: The adjusted bank balance must equal the adjusted cash balance per books.
Learn more about Bank reconciliation here:https://brainly.com/question/15525383
Critical reading is a
a Theory
b. Process
C. Summarization strategy
d. None of these
Please select the best answer from the choices provided
A
В
C
D
Answers
Answer:C
Explanation:
Answer:
The correct answer for this question is B
true/false. individual problems 5-2 suppose an initial investment of $80 will return $40/year for three years (assume the $40 is received each year at the end of the year). at a discount rate of 30%, this investment profitable.
Answers
The statement "an initial investment of $80 will return $40/year for three years at a discount rate of 30%, this investment is profitable" is false.
We want to determine whether this investment is profitable at a discount rate of 30%.
To do this, we need to calculate the present value of the investment. The present value is the amount of money that would need to be invested now to generate the same cash flows as the investment in the future.The formula for present value is:
PV = FV / (1 + r)n
where, PV = present value
FV = future value (in this case, $40)
n = number of years
r = discount rate
Using this formula, we can calculate the present value of the investment for each year:
Year 1: PV = $40 / (1 + 0.3)1 = $30.77
Year 2: PV = $40 / (1 + 0.3)2 = $23.67
Year 3: PV = $40 / (1 + 0.3)3 = $18.21
The total present value of the investment is the sum of these amounts:$30.77 + $23.67 + $18.21 = $72.65
Since the present value is less than the initial investment of $80, the investment is not profitable at a discount rate of 30%.
Therefore, the statement " an initial investment of $80 will return $40/year for three years at a discount rate of 30%, this investment is profitable" is false.
Learn more about present value here: https://brainly.com/question/20813161
#SPJ11
Sergei’s boss has very strong opinions and often frowns upon questions from the team. This creates an environment where everyone just agrees with the boss decisions without questioning them
Answers
Knowing and comprehending each team member's opinions personality type will enable you to assign tasks in a way that best suits their interests and passions.
By doing this, you will raise team morale and productivity to their highest levels. Therefore, I always let my manager know when I'm having an issue. I jot out a list of my annoyances. I request a meeting with my employer opinions and explain these issues in detail. I want to be sure I'm not coming out as rude or sounding like I'm making any accusations against my supervisor. Good staff knowledge results in higher output and results.
To learn more about team, click here.
https://brainly.com/question/17860885
#SPJ1
1. What is not a reason why the average size of families is likely to be greater in developing
countries than in developed countries?
(a) Children offer the prospect of security in old age.
(b) Government childcare support is widely available.
(c) Means of birth control are less available and more expensive.
(d) Women are less likely to be part of the workforce.
[1]
Answers
Explanation:
How do objectives make it more likely that you will reach your goals?
A. Objectives are based on others' experiences.
B. Objectives help guide your career choices.
C. Objectives provide a step-by-step path to success.
D. Objectives are the best way to assess your interests.
Answers
Answer:
C seems the most reasonable
Objectives provide a step-by-step path to success: make it more likely that you will reach your goals. Thus, option C is the correct option.
How to achieve your objectives?You may achieve your goals by setting realistic goals for yourself to strive toward. The way objectives do this is by outlining specific actions you can take immediately to move closer to your long-term goals. An aim is a specific activity that must be taken in order to accomplish a goal, whereas a goal is a more general, longer-term, achievable conclusion.
Despite being distinct, the two terms are frequently used together when working on a project. This is due to the fact that both are necessary for project planning and execution. It enables you to put your grant's ideas into practice. Setting SMART goals ensures that the project advances, facilitates accountability and scheduling, and informs you of accomplishing what you set out to accomplish.
Learn more about goals here:
https://brainly.com/question/31463084
#SPJ2
g In an economy, there is a total population of 100,000. Of the 100,000 citizens, 45,000 people are employed and 5,000 are unemployed. There are 2,000 workers who are not actively searching but would take a job if offered on. What is the unemployment rate after considering these discourage workers
Answers
After considering these discourage workers the unemployment rate is 14%.
The unemployment rate after considering these discouraged workers can be found using the formula:
\($$\text{Unemployment Rate} = \frac{\text{Number of Unemployed Workers}}{\text{Total Labor Force}}$$Total Labor\)
Force is equal to the sum of the number of employed and unemployed workers.
Labor force = Employed workers + Unemployed workers
Labor force = 45,000 + 5,000
Labor force = 50,000If the 2,000 discouraged workers are considered, the number of unemployed workers would be:
Unemployed workers = 5,000 + 2,000
Unemployed workers = 7,000
The unemployment rate is:
\($$\text{Unemployment Rate} = \frac{7,000}{50,000}\)
Unemployment Rate = 0.14 or 14%.
Thus, the unemployment rate after considering these discourage workers is 14%.
To know more about unemployment rate , visit:
https://brainly.com/question/29854835#
#SPJ11
under the ucc, in the case of a single delivery contract, if the buyer finds that the goods are defective at the time of delivery:
Answers
Under the UCC (Uniform Commercial Code), in the case of a single delivery contract, if the buyer finds that the goods are defective at the time of delivery.
1. Rejecting the Goods: The buyer has the right to reject the goods if they are non-conforming or defective. The rejection must be communicated to the seller within a reasonable time. By rejecting the goods, the buyer is not obligated to accept them and can seek alternative options.
2. Revoking Acceptance: If the buyer initially accepts the goods but later discovers defects that were not apparent at the time of delivery, they may be able to revoke acceptance. This is possible if the defect substantially impairs the value or usability of the goods and the revocation is made within a reasonable time.
3. Right to Cure: The seller may have the opportunity to cure the defect by providing conforming goods within the contractually agreed-upon time if there is a reasonable basis to believe that the defect can be remedied.
4. Damages: If the buyer decides to keep the defective goods, they can seek damages from the seller to compensate for the loss in value caused by the defects.
Learn more about defective here
https://brainly.com/question/13265809
#SPJ11
#10: Retirement Location: Pammy is looking to move after she retires to a state that would benefit her financially based upon the state's tax laws. Which states are her best option?
NEED ANSWER ASAP
Answers
The states that would have to benefit Pamela in her retirement would be states like Alaska, Nevada, Tennessee, Wyoming Florida and Texas.
What are state tax laws?Tax law is a body of regulations that gives a public authority a claim on taxpayers and mandates that they transmit a portion of their income or property to the authority. Most people agree that governments have the right to levy taxes.
Eight states, including Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming, do not impose a personal income tax.
Read more on tax laws here: https://brainly.com/question/25783927
#SPJ1
Conduct some research and identify at least five dangers posed by this risky behavior. be sure that the websites you use are government or health agencies so that the data and information is reputable.
Answers
According to the National Institute on Drug Abuse (NIDA), substance abuse and addiction can have serious consequences for an individual's health, relationships, and future opportunities. Here are five potential dangers to consider:
1. Health problems: Substance abuse can lead to a range of health problems, depending on the substance involved. For example, alcohol can damage the liver and brain, while opioids can cause respiratory depression and overdose. Long-term substance abuse can also increase the risk of heart disease, stroke, cancer, and other chronic conditions.
2. Legal issues: Many substances are illegal to possess or use, so engaging in substance abuse can put individuals at risk of arrest and incarceration. This can have lasting consequences, including difficulty finding employment, housing, and educational opportunities.
3. Social isolation: Substance abuse can lead to social isolation as individuals may prioritize their substance use over their relationships with family and friends. This can result in feelings of loneliness, depression, and anxiety, which can exacerbate substance abuse and addiction.
4. Financial difficulties: Substance abuse can be expensive, particularly if an individual becomes addicted and needs larger amounts of the substance to achieve the desired effect. This can lead to financial difficulties, including debt, job loss, and poverty.
5. Overdose and death: Substance abuse can lead to overdose and death, particularly if an individual uses a high dose or mixes substances. This can happen accidentally or intentionally, and can have devastating consequences for the individual and their loved ones.
Overall, it's important to seek help if you or someone you know is struggling with substance abuse or addiction. There are many resources available, including government and health agencies, that can provide support and treatment options.
To know more about substance abuse visit:
https://brainly.com/question/28406184
#SPJ11
John paid $10,000 in mortgage interest last year. He and his wife earned $150,000 from their jobs last year. Based on their circumstances, they can deduct the mortgage interest from their taxable income, meaning they only have to
pay federal income tax on what amount?
Answers
Answer:
$140,000
Explanation:
$150,000-$10,000= $140,000
Fincorp issues two bonds with 18-year maturities. Both bonds are callable at $1,080. The first bond is issued at a deep discount with a coupon rate of 5% and a price of $600 to yield 10.1%. The second bond is issued at par value with a coupon rate of 11.00%
Required:
a. What is the yield to maturity of the par bond? (Round your answer to 2 decimal places.) Yield to maturity:___________%
b. If you expect rates to fall substantially in the next two years, which bond would you prefer to hold? Choose one.
Bond with a coupon rate 5%
Bond with a coupon rate 11.00%
Answers
The yield to maturity of a par bond with a coupon rate of 11.00% is 8.89%. if interest rates are expected to fall significantly in the next two years, a bond with a coupon rate of 5% should be preferred.
a. What is the yield to maturity of the par bond?Yield to maturity can be defined as the rate of return that is anticipated on a bond when it is held until its maturity date. It's also called a bond's "yield."
The yield to maturity of a par bond with a coupon rate of 11.00% can be calculated as follows:
Nominal or par value = $1,000
Coupon rate = 11.00%
Maturity = 18 years
Price = $1,000I/Y = ?
PV = -$1,000
PMT = 110I/Y = 8.89%
Yield to maturity = 8.89%
b. The coupon rate is the interest paid on a bond's face value by the issuer. So, if the interest rates drop, the bondholder benefits more with a higher coupon rate bond.
Since the first bond is a deep discount bond, which means it is issued at a discount and its coupon rate is 5% (low), it will benefit the most if the rates decline significantly. Therefore, if interest rates are expected to fall significantly in the next two years, a bond with a coupon rate of 5% should be preferred.
To know more about yield to maturity:
https://brainly.com/question/15215595
#SPJ11
in 2019, lemon incurred cost of goods sold of $69,763 million on net sales of $87,592 million. what was lemon’s return on sales ratio for 2019? (assume no other expenses.)
Answers
At a basic level, the cost of goods sold formula is: Starting inventory + purchases − ending inventory = cost of goods sold.
To make this work in practice, however, you need a clear and consistent approach to valuing your inventory and accounting for your costs.
How to calculate the cost of goods?
Businesses need to track all direct costs of processing goods for sale, including labor and material expenses. These costs are known as Cost of Goods Sold (COGS), a calculation that usually appears in a business’s Profit and Loss statement (P&L). COGS is also an important part of tax return information because who doesn’t want correct tax deduction? Knowing how to calculate COGS can help you determine the correct product price, detect growth opportunities, and manage your taxes.Cost of Goods Sold (COGS) represents all costs involved in producing goods that a company sells over a certain period of time. The cost of goods sold, also known as the cost of services or the cost of sales, includes both the cost of materials used to create the goods, and the cost of direct labor (employees salaries).COGS can be used by businesses that create products, including digital goods sold online. Besides that, companies in the service industry can also use COGS in the form of cost of revenue.
Beginning inventory: this is the company’s inventory from the previous period. It could be the previous quarter, month, year, etc.
Purchases: these are the total costs of what your company purchased during the specified accounting period.
COGS are simply the direct costs involved in the production of goods in a specific company for a certain period. The total amounts include components such as: Costs of materials: direct costs like supplies and raw materials. All indirect costs should be ignored and can’t be included in costs relating to the calculation of COGS. An indirect cost can include expenses such as marketing or sales expenses .Direct labor costs: the wages directly paid to employees who work on the company’s products during the manufacturing process.
1. First, subtract the cost of goods sold ($69,763 million) from the net sales ($87,592 million) to find the gross profit.
Gross Profit = Net Sales - Cost of Goods Sold
Gross Profit = $87,592 million - $69,763 million
Gross Profit = $17,829 million
2. Next, divide the gross profit by the net sales to find the return on sales ratio.
Return on Sales Ratio = Gross Profit / Net Sales
Return on Sales Ratio = $17,829 million / $87,592 million
Return on Sales Ratio = 0.2037 (rounded to four decimal places)
3. Finally, multiply the ratio by 100 to express it as a percentage.
Return on Sales Ratio = 0.2037 * 100
Return on Sales Ratio = 20.37%
So, Lemon's return on sales ratio for 2019 was 20.37%.
To know more about this cost of goods:
https://brainly.com/question/27748179
#SPJ11
the elimination principle, a general feature of competitive markets, tells us that: below-normal profits may be permanent. above-normal profits are temporary. above-normal profits may be permanent. above-normal profits result in firms exiting the industry.
Answers
Above-normal profits will be eliminated by the entry of new firms into the industry.
In macroeconomics, an enterprise is a department of an financial system that produces a closely-related set of raw materials, goods, or services.[2] as an example, one might refer to the timber industry or to the insurance enterprise. when comparing a single institution or organization, its dominant source of revenue is commonly used by industry classifications to categorise it inside a particular enterprise.[3] as an instance the international widespread commercial category (ISIC) – used at once or via derived classifications for the reputable facts of most countries worldwide – classifies "statistical units" by using the "economic hobby in which they particularly have interaction".
LEarn more about industry here
https://brainly.com/question/7719501
#SPJ4
Using the text boxes below,draw the business .Then decide each stage of the business cycle
Answers
The question isn't full and there aren't any boxes provided, so I'll explain the stage of the business cycle instead.
There are four stages to the business cycle: expansion, peak, contraction, and trough.
What are the stages of the business cycle?The repeated economic shifts that occur in a nation over time are referred to as business cycles. It can be recognized by changes in the GDP and other macroeconomic indicators. The expansion, peak, contraction, and trough phases of the business cycle are all separate from one another.
Which four phases make up the business cycle?There are four stages that make up the economic cycle, often known as the business cycle. They are as follows:
Expansion: The economy grows relatively quickly during an expansion, interest rates are often low, production rises, and inflationary pressures increase.Peak: A cycle peaks when growth accelerates to its fastest rate. Economic imbalances caused by peak growth often need to be addressed.Contraction: During a contraction, when growth slows, employment declines, and prices remain unchanged, a correction takes place.Trough: When the economy reaches a low point and growth starts to recover, the cycle trough is achieved.Learn more about stage of the business cycle: https://brainly.com/question/25865892
#SPJ10
Community colleges and vocational schools offer programs in maintenance and repair.
A
True
B.
False
Answers
in health workforce planning why does the traditional supply-and-demand approach not work? select all that apply.
Answers
Examines the relationship between the workforce's size and the anticipated need for healthcare workers.
Why is demand in healthcare a complicated issue?For four reasons, the demand for medical care is more complicated than the demand for many other things. Insurance coverage frequently affects the cost of care. Healthcare decisions are frequently very confusing. The lack of knowledge consumers have about the costs and advantages of care is a result of this complexity.
Demand forecasts are based on current service delivery practices, whereas supply estimations are wholly dependent on the current workforce.
The lack of change anticipated at a time when national reform and the enhancement of the healthcare delivery system are our top priority is troubling.
Additionally, it disregards monetary realities as well as the fact that population changes constantly in reaction to new fields and discoveries.
Traditional supply and demand theories rely on a competitive business environment and anticipate that the market will adjust itself. Planned economies use government-controlled central planning to create demand rather than relying on consumer behavior.
To learn more about traditional supply refer to:
https://brainly.com/question/21506108
#SPJ4
The management of information security incidents usually requires [?].
A. Immediate escalation
B. Specialist teams
C. A separate process
D. Third party support
Answers
The management of information security incidents usually requires Specialist teams. The correct answer is: B. Specialist teams.
The management of information security incidents typically involves the involvement of specialist teams. These teams are responsible for handling and responding to security incidents in a coordinated and effective manner. They possess the necessary expertise and skills to assess, contain, mitigate, and resolve security incidents. These teams may include incident response teams, IT security teams, forensics teams, and other relevant personnel who are trained to handle different aspects of information security incidents. Their role is crucial in identifying, analyzing, and addressing security incidents to minimize the impact on the organization's information assets and operations. While third-party support and a separate process may also be required in certain situations, the involvement of specialist teams is a key factor in managing information security incidents effectively.
learn more about information security here:
https://brainly.com/question/31561235
#SPJ11
All of the following are methods of evaluating the risk of a project except multiple choice the net present value profile a monte carlo simulation decision trees the coefficient of variation
Answers
The answer choice that is NOT a method of evaluating the risk of a project is its B. Profile
What is Risk Management?This refers to the identification of risk in any venture and the evaluation of the response to risk factors.
Hence, we can see that when a person is evaluating the risk of a project, he would have to check the net present value, the coefficient of variation, etc, but the evaluation of the profile is not a method of risk evaluation of the project.
Read more about risk management here:
https://brainly.com/question/13760012
#SPJ1
When trying to assess whether an applicant will be a good performer, managers utilize interviews, background information, paper-and-pencil tests, and references, which are known as _____
Answers
When trying to assess whether an applicant will be a good performer, managers utilize Selection Tools.
What selection tools?Selection is the process that managers in all organizations use to determine:
The qualifications of job applicants. Their performance potential.The known selection tools include:
Paper-and-pencil testsPhysical abilities testPerformance testsBackground informationInterviewsReferences.Thus, when trying to assess whether an applicant will be a good performer, managers utilize interviews, background information, paper-and-pencil tests, and references, which are known as Selection Tools.
Learn more about selection tools at https://brainly.com/question/25125788
#SPJ1
answer pls due today
Answers
you subtract $555.00 and $494.00, the difference between them at $61.00
f(5) =
f(3) =
f(-5) =
f(-3) =
Answers
Answer:
53636363633636336366363
Which of the following statements best describes what it means for the Fed to manage aggregate demand?
If real and potential GDP were equal, the Fed would change interest rates even if the rate of inflation equaled the target rate of inflation.
The Fed changes interest rates only if the rate of inflation is deviating from the target rate of inflation.
If real and potential GDP were not equal, the Fed would change interest rates in order to prevent a deviation between the rate of inflation and the target rate of inflation.
The Fed changes interest rates only if the rate of inflation is higher than the target rate of inflation.
Answers
The statement "The Fed changes interest rates only if the rate of inflation is deviating from the target rate of inflation" best describes what it means for the Fed to manage aggregate demand. The Fed adjusts interest rates to address deviations in inflation from the target rate, rather than making changes based solely on the equality or inequality of real and potential GDP.
Managing aggregate demand refers to the actions taken by the Federal Reserve (the Fed) to influence the overall level of spending and economic activity in the economy. One of the primary tools used by the Fed to manage aggregate demand is monetary policy, which involves controlling interest rates.
The statement "The Fed changes interest rates only if the rate of inflation is deviating from the target rate of inflation" captures the approach taken by the Fed. The target rate of inflation is set by the Fed as part of its monetary policy objectives. If the actual rate of inflation deviates from the target rate, the Fed adjusts interest rates in an attempt to bring inflation back in line with the target.
The focus on inflation as the trigger for interest rate changes is based on the understanding that inflation can have significant impacts on the economy. If inflation is too high, it can erode purchasing power and disrupt economic stability. Conversely, if inflation is too low, it can signal weak demand and potential deflationary pressures.
In summary, the Fed manages aggregate demand by adjusting interest rates when the rate of inflation deviates from the target rate. This approach allows the Fed to use monetary policy to stabilize prices and promote economic stability.
Learn more about Aggregate demand here:
https://brainly.com/question/29349235
#SPJ11
Nadeem is considering several expenses: getting his car fixed, buying the suit, or buying a new game console, Nadeem has enough cash on hand for two of these, but not all three. The trip to Las Vegas would require him to put charges on his card and pay them off over the next several months with interest. If you were a friend of Nadeems, how would you help him prioritize these expenses? Think about what Nadeem can afford right now and what he really needs. Also think about how he can get some of the more expensive things he wants without taking on too much debt.
Answers
Nadeem should prioritize his expenses and make responsible financial decisions.
First, I'd advise Nadeem to focus on essential needs, so getting his car fixed should be the top priority as it's crucial for transportation.
Next, between buying the suit and the game console, I'd suggest Nadeem consider the suit if it's necessary for work or an important event, making it a more pressing need than the game console. Since Nadeem has enough cash for two expenses, he can avoid taking on debt for now.
For the trip to Las Vegas, I'd recommend that Nadeem save money over time and plan the trip later when he can comfortably afford it without incurring interest charges.
By addressing immediate needs and saving for future wants, Nadeem can make responsible financial decisions.
Know more about "saving".
https://brainly.com/question/30004719
#SPJ11
Pedro is a very talented young man who lives in a small, remote town in the mountains. He gets good grades, plays in the band, and is active in the drama club. He is close to his large family and wants a career that will allow him to maintain his current life style. What career option should Pedro consider? A. Teacher B. Musician C. Actor D. TV personality
Answers
Answer:
A. Teacher
Explanation:
If Pedro chooses to become an actor, a musician, or a TV personality, and was successful, he wouldn't be able to maintain his current life style. In order to try to be successful, he would have to move to a large city by his own. Musicians, actors and TV personalities earn money depending on their popularity, and remote towns in the mountains are not very densely populated.
In the past few years, the internet has helped some people to become influencers or has helped musicians to become famous and earn money, but most of them eventually had to do things in the real world, not only the internet in order to remain popular.
When managers assess , they understand that the organization relies on multiple areas, and one area is inhibiting the attainment of goals.
Answers
The ongoing planning, monitoring, analysis, and evaluation of an organization's requirements to achieve its goals and objectives is known as strategic management.Organizations will need to constantly evaluate their strategies for success in light of changes in business environments.
What exactly is strategic management and what is its significance?
By developing plans and policies to achieve goals and allocating resources for their implementation, strategic management provides overall direction.In the end, strategic management helps businesses gain an advantage over their rivals.
Managers use strategy to achieve one or more of the company's objectives.“A general direction set for the company and its various components to achieve a desired state in the future” is another definition of strategy.
Learn more about strategic management here:
https://brainly.com/question/28102251
#SPJ4
why is enterprise important to a country ?
Answers
Answer:
New and improved products, services, or technology from entrepreneurs enable new markets to be developed and new wealth to be created. Additionally, increased employment and higher earnings contribute to better national income in the form of higher tax revenue and higher government spending.
Explanation:
here is your answer if you like my answer please follow
Which statements accurately describe financing a purchase? Check all that apply.
A. It requires people to pay the price upfront.
B. It means people take on debt.
C. It allows for an immediate purchase.
D. It means people can buy without debt.
E. It requires that interest be paid.
F, It leads to lower prices paid.
Answers
Answer:
B, C, E.
Explanation:
all these statements accurately describe financing a purchase.
I'm here to confirm the AI and other persons answers are 100% correct!
compare and contrast reference theory of meaning and idea theory of meaning
Answers
Explanation:
Reference theory of meaning is a philosophical thought that believes the meaning of a word or acronym is doing in what it points out in the world. But the idea theory of meaning feels the meaning of a word or acronym lies in the group it represents.
For example, the meaning of the term would be seen as relating to illnesses and viruses as well as number of years from the point of view of idea theory of meaning. While the reference theory of meaning would allude the meaning using proper reference to the illness (Coronavirus) that caused the disease.