Based on the business management model and the 9-cell industry attractiveness/competitive strength matrix analysis, the most significant contribution to strategy-making in diversified companies is that the greatest competitive strength business should prioritize corporate resources, while the weak competitive strength business should not prioritize corporate resources.
What is the 9-cell industry attractiveness/competitive strength matrix?The 9-cell industry attractiveness/competitive strength matrix ks a term that is used to describe the quality measures of business unit strength against industry attractiveness and this is the main difference.
Also, the strength matrix shows that where BCG is limited to products, business units can be products, whole product lines, a service, or even a brand.
Thus, the 9-cell industry attractiveness/competitive strength matrix explains further that businesses having the greatest competitive strength and position in the most attractive industries should have the biggest priority for corporate resource allotment and that competitively weak businesses in relatively unattractive industries should have the lowest priority and perhaps even be considered for sale
.
Hence, in this case, it is concluded that the nine-cell industry attractiveness-competitive strength matrix is useful for helping decide which businesses should have high, average, and low priorities in allocating corporate resources.
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How can you relate the careers in Finance as Bachelor of Science in Information Systems (BSIS) students?
[100 points, economics, midpoint question]
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $6.50, and the equilibrium quantity is 21.0. When the price is $12.75, the quantity supplied of motorcycles is 63.0and the quantity supplied of pancakes is 101.0. For simplicity of analysis, the demand for both goods is the same.
Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places.
The elasticity of supply for televisions: 2. less elastic than supply in the market for televisions.
To calculate the elasticity of supply, we use the midpoint formula, which is given by:
Elasticity of Supply = (Percentage change in quantity supplied) / (Percentage change in price)
First, we need to calculate the percentage change in quantity supplied:
Change in quantity supplied = New quantity supplied - Initial quantity supplied
Change in quantity supplied for televisions = 800 - 1,000 = -200
Percentage change in quantity supplied = (Change in quantity supplied / Initial quantity supplied) * 100
Percentage change in quantity supplied for televisions = (-200 / 1,000) * 100 = -20%
Next, we calculate the percentage change in price:
Change in price = New price - Initial price
Change in price = $1,200 - $800 = $400
Percentage change in price = (Change in price / Initial price) * 100
Percentage change in price = ($400 / $800) * 100 = 50%
Now, we can calculate the elasticity of supply for televisions:
Elasticity of Supply = (-20% / 50%) = -0.4
The elasticity of supply for televisions is -0.4, it indicates that the supply of televisions is inelastic. This means that the quantity supplied of televisions is not very responsive to changes in price.
The answer is: 2. less elastic than supply in the market for televisions.
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Complete question:
Consider two markets: the market for smartphones and the market for televisions. The initial equilibrium for both markets is the same, with an equilibrium price of $800 and an equilibrium quantity of 1,000. When the price increases to $1,200, the quantity supplied of smartphones is 1,500, and the quantity supplied of televisions is 800. For simplicity of analysis, assume that the demand for both goods is the same.
Using the midpoint formula, calculate the elasticity of supply for televisions. Please round to two decimal places.
Supply in the market for smartphones is
the same elasticity as supply in the market for televisions.less elastic than supply in the market for televisions.There is not enough information to tell which has a higher elasticity.more elastic than supply in the market for televisions._____ can be used for up to 90 percent of its assessed value.
Real estate
Accounts receivable
Insurance policies
Equipment
(ONLY ANSWER IF YOU ACTUALLY KNOW)
"Is college the best choice?" Using economic reasoning skills you have learned in this course, you will write an extended paragraph making a claim to the prompt, cite two pieces of evidence directly from the sources, and explain your reasoning of how this evidence connects to the claim.
Answer:
College education is undoubtedly the best choice for individuals seeking higher-paying jobs and better career prospects. According to the Bureau of Labor Statistics, individuals with a bachelor's degree earn an average of $1,248 per week, while those with only a high school diploma earn an average of $746 per week. This means that college graduates earn almost twice as much as those without a college degree. Additionally, a report by Georgetown University's Center on Education and the Workforce found that by 2020, 65% of all jobs in the United States will require some form of postsecondary education. This means that individuals without a college degree will have limited job opportunities and will be at a disadvantage in the job market.
The evidence from the Bureau of Labor Statistics and Georgetown University's Center on Education and the Workforce supports the claim that college education is the best choice. The higher earnings of college graduates compared to those without a college degree indicate that investing in a college education can lead to better financial outcomes. Furthermore, the report by Georgetown University's Center on Education and the Workforce highlights the increasing demand for postsecondary education in the job market. This means that individuals without a college degree will have limited job opportunities and will be at a disadvantage in the job market. Therefore, it is clear that college education is the best choice for individuals seeking higher-paying jobs and better career prospects.
what is an example of a flame?
Answer:
D
Explanation:
If D wrong it's A
Should all managers must always aim for the top position?why or why not
Answer:
The aim for most managers is to meet the requirements of their boss, and skilled managers know they can't do that without the help of the employees they oversee. Managers who fail to involve subordinates in achieving business goals can miss a mark of achievement for themselves and their company
Explanation:
Individual consumers are considered as:
communication
possible customers
competition
demographics
B. Possible customers
Let’s say Bob wants to offer an insurance package to his employees that will cover any outpatient surgery charges, tooth sealants, and glasses. His total annual cost for providing these insurance plans will be $
per employee for the year.
Let’s assume that Schmidt wants to cover his employees’ expenses in case of disability. He also wants to ensure that the family of an employee is provided for in the event of an employee’s loss of life. The total annual cost for providing these insurance plans will be $
per employee.
Answer: its 480$ per person
Explanation:
just got 100
8. Consider a hypothetical closed economy with the following functions: C = 50 + 0.75(Y-T); I = 100 – 2r; G = 120; T = 140; Ms = 440; P = 2; (M/P)d = 0.5Y – 1.5r; A. Write down the IS function. B. Write down the LM function. C. Determine the equilibrium levels of income and interest rate. D. What happens to equilibrium r if money supply is raised from 1,000 to 1,200? E. If the central bank wishes to raise the interest rate to 7 percent, what money supply should it set? F. If government purchases increase by 224, what is the impact of this change on the IS curve? and What is the impact of the change on the equilibrium level of income?
Based on the information given, the IS function will be given as Y = 660 - 8r and the LM function will be Y = 438 + 3r.
Solving the IS-LM function.Y = C + I + G
Y = 50 + 0.75(Y - T) + 100 - 2r + 120
Y - 0 75Y = 270 - 0.75T + 100 - 2r + 120.
0.25Y = 270 - 0.75T - 2r
Y = 1080 - 3(140) - 8r
Y = 660 - 8r
The LM function will be;
Ms = Md + P
440 = 2(0.5Y - 1.5r) + 2
440 = Y - 3r + 2.
Y = 438 + 3r
The equilibrium level of income and interest rate will be:
IS = LM
660 - 8r = 438 + 3r
8r + 3r = 660 - 438
11r = 222
r = 20.18
Replacing r in the IS equation will be:
Y = 660 - 8(20.18)
Y = 498.6
When money supply is raised from 1,000 to 1,200,the equilibrium interest rate will be:
= 1200/1000 = 1.2
Lastly, the impact of the change on the equilibrium level of income is that the money demand will be 477.6.
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Discuss the concept of Diversity as per the above video. Do a crítical reasoning analysis using subjective and objective facets
All students who can use the concepts we discussed in class will be able to successfully do this assignment.
Any group that is dysfunctional has a last opportunity to get their act together.
Concept of Diversity
Diversity is a concept which means embracing all types of humans irrespective of their caste, creed, color, race, religion, gender and more. It does not necessarily mean equality, as there are different characteristics of diversity and it has a concept of its own. In other words, diversity has its own set of values plus principles. It is a concept which makes understanding of each group and community’s uniqueness easier.
Consider a firm redesigning its logistics network. What are the advantages of having a small number of centrally located warehouses? What are the advantages of having a larger number of warehouses closer to the end customers?
Small centrally located warehouses offer cost efficiency and simplified inventory management, while larger warehouses closer to customers provide faster delivery, better customer service, and cost savings in shipping.
Having a small number of centrally located warehouses offers several advantages in a firm's logistics network:
Cost Efficiency: Centralized warehouses can lead to cost savings in terms of inventory management, transportation, and operational overheads. With fewer warehouses, the firm can benefit from economies of scale in procurement, storage, and distribution.
Simplified Inventory Management: Managing inventory becomes more streamlined when there are fewer warehouses. It allows for better control and visibility over stock levels, reducing the risk of stockouts or overstocking.
Faster Transit Times: With centrally located warehouses, products can be shipped more quickly to various regions since they are closer to major transportation hubs. This reduces lead times and improves overall customer satisfaction.
Improved Coordination: Centralized warehouses facilitate better coordination and synchronization of supply chain activities. It becomes easier to manage inbound and outbound logistics, optimize transportation routes, and consolidate shipments.
On the other hand, having a larger number of warehouses closer to end customers provides the following advantages:
Faster Delivery: Proximity to end customers enables faster order fulfillment and delivery. Products can reach customers more quickly, reducing transit times and improving responsiveness.
Enhanced Customer Service: Local warehouses allow for better customization and personalization of service. They can cater to specific regional preferences, offer faster response times to customer queries, and handle returns or exchanges more efficiently.
Lower Shipping Costs: By locating warehouses closer to customers, transportation costs can be reduced as products travel shorter distances. This can lead to cost savings in shipping expenses.
Flexibility and Redundancy: Having multiple warehouses distributed geographically provides redundancy and flexibility in the supply chain. It mitigates the risk of disruptions, such as natural disasters or transportation issues, as the firm can rely on alternative warehouse locations.
In summary, a small number of centrally located warehouses offer cost efficiency and streamlined inventory management, while a larger number of warehouses closer to end customers provide faster delivery, improved customer service, lower shipping costs, and increased flexibility.
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Write about a business management theory that you identify with, incorporating real-life examples in your answer.
- Word length requirement is between 200 and 500 words
A business theory that I identify with is the concept of transformational leadership. This approach emphasizes the import of leaders inspiring and motivating their teams to achieve common goals, as against just giving orders and directives.
What real life event is depicted with this theory?Transformational Leadership can be seen in the success of Apple Inc. under the leadership of Steve Jobs and the turnaround of Ford Motor Company under Alan Mulally.
In both examples, the leaders were able to create a shared vision for the organization and inspire their teams to work towards that vision.
Overall, the concept of Transformational Leadership is a powerful one that can assist firms or organizations to achieve extraordinary successes. By inspiring and motivating their teams, leaders can create a shared vision for the organization and taming everyone's efforts towards achieving that vision. This can lead to increased engagement, high productivity, and greatest of all, success.
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Legacy Cleaning has a debt ratio equal to 80 percent, total assets equal to $650,000, return on assets (ROA) of 4 percent, and total assets turnover equal to 2.0.
If it has no preferred stock, what amount of common equity does Legacy have? Round your answer to the nearest dollar.
$
What is Legacy's net profit margin? Round your asnwer to the nearest whole number.
%
The common equity and net profit margin of legacy are
4,50,000. 2%.What is stock?Generally, The ownership certificates of any firm may be referred to as its stock, which is a broad phrase for the term "stock."
On the other hand, the stock certificate of a certain firm is what is meant when people talk about shares of stock in that company.
You are considered a shareholder in a firm if you own shares in that company. There are two categories of stocks, which are referred to as common and preferred.
The net profit margin, which may also be referred to as the return on sales ratio, is a popular profitability indicator that can be used to evaluate the state of your company's finances.
It is the proportion of sales revenue that remains after all operational expenditures, depreciation, amortization, interest, and taxes on income have been subtracted from total sales revenue.
The Total common stock is given by
= (Total asset (1-debt ratio)
=(t(1-d))
= (75000*0.60)
= 4,50,000.
The Net profit margin is given by
N= (total net profit / total sales)
= (750000*0.6)/(750000*3)
=(45000/2250000)
= 2%.
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1. Without any debt, you can be outrageously
Thrifty
Selfish
Generous
Cautious
Without any debt, you can be outrageously thrifty. (Option A)
What is the explanation for the above response?
Without any debt, you can be outrageously thrifty. Since you don't have any debt obligations, you have complete control over your finances and can save as much as you want without having to worry about paying off loans or interest charges.
Being thrifty can also help you build up a solid financial foundation, which can lead to greater financial freedom and security in the long term. However, it's important to strike a balance between saving and enjoying your life in the present, so it's not necessarily recommended to be too thrifty at the expense of your happiness or well-being.
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Some of Best Buy’s internal issues could best be addressed by ______
Some of Best Buy's internal issues could best be addressed by implementing strategic changes and initiatives. These initiatives should focus on improving various aspects of the company's operations and addressing specific challenges it may be facing.
Here are a few possible approaches:
1-Restructuring and optimizing operations: Best Buy could assess its organizational structure, processes, and workflows to identify areas for improvement and streamline operations. This could involve reevaluating roles and responsibilities, enhancing communication channels, and implementing more efficient systems and technologies.
2-Employee training and development: Investing in comprehensive training programs and professional development opportunities for employees can enhance their skills, product knowledge, and customer service abilities. This can lead to improved employee performance, increased customer satisfaction, and a better overall shopping experience.
3-Inventory management and supply chain optimization: Best Buy could focus on improving its inventory management processes to ensure the availability of popular products and minimize stockouts. Analyzing demand patterns, optimizing supply chain logistics, and strengthening relationships with suppliers can help streamline operations and reduce costs.
4-Enhancing the omnichannel experience: Best Buy could invest in technology and infrastructure to provide a seamless omnichannel experience for customers. This may involve integrating online and offline sales channels, improving website functionality, implementing effective order fulfillment processes, and enhancing the in-store experience through innovative technologies.
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Select all te correct answers
What are the advantages a market economy offers producers?
minimal government intervention
property rights
monopoly of bigger companies
free advertising for small businesses
free labor
Answer: Minimal government intervention AND Property rights
Explanation:
PLEASE HELP!!! I need to come up with a unique business that would be convenient in a high school. It can be one that sells food, drinks, etc
pls help me
include the following:
The name of the career
Some information you learned from your own research
Education a person needs to get this type of job
Skills a person needs to get this type of job
How people in this job use technology
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information
The name of the career - Computer engineering
The information I have learned on Computer engineering is that it is all about research, as well as design, making, and testing ofcomputer systems as well as its components.
The Education a person needs to get this type of job is: Bachelor's Degree
The Skills a person needs to get this type of job are:
Know a lot about programming languages, Know about secure coding.Know about software and hardware tech.CreativityInnovationThe people in this job use a lot of technology as they are actively involve in its production.
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information is: https://www.bls.gov/ooh/architecture-and-engineering/computer-hardware-engineers.htm
What should an IT engineer possess?A bachelor's degree in the subject is required to work as a computer engineer. Math, physics, and computer science are the most common subjects that students study.
To create solutions for various issues, these professionals require critical thinking abilities. To function effectively in a team, they also need strong communication skills.
Therefore, Being an information technology engineer requires you to be able to recognize complex issues and find the appropriate solutions. You need the capacity for critical thought, option analysis, and perfect solution generation to be able to solve problems.
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A parking garage in downtown Baltimore offers its services to both monthly customers, who pay a fixed fee every month, and to visitors, who pay an hourly fee (assume that the hourly fee is the same regardless of the day or time of day). Each monthly customer gets an ID assigned by the garage, and the garage wants to maintain the customer’s basic contact information. The monthly fee paid is negotiated separately for each customer, and it changes periodically; it is important for the garage to maintain a history of the fee details for each customer. The garage has more than 700 parking spots, each of which is equipped with a sensor that recognizes whether there is a car in the spot; in addition, the sensor can read each monthly customer’s customer ID card with an RFID reader and, thus, knows which monthly visitor has parked at which spot and when. Each spot is also equipped with a camera that is able to take a picture of each visitor’s license plate number; this information is stored to help locate any vehicle that an owner has misplaced. The system should keep track of each time a parking spot is used, including an image of the license plate, start and end times, and a link to the monthly customer, if appropriate.
1. Create a high-level ERD which shows only the cardinality and modality between the main entities.
2. Write out the tables including cardinalities, primary and foreign keys.
High Level Entity Relationship Diagram which shows only cardinality and modality between main entities:
Customer ------< Payment >------ Garage
Customer ------< Spot >------ Garage
1- High-Level ERD:
High Level ERD, or High Level Entity Relationship Diagram, is a visual representation of the relationships between different entities in a data model. It is used to illustrate how different entities interact with one another, and how they can be used to store and retrieve data. High Level Entity Relationship Diagram's are typically used to help define the structure of a database, and they can be used to help identify potential problems that may arise when designing a database.
Customer ------< Payment >------ Garage
Customer ------< Spot >------ Garage
2 - Tables:
Monthly Customer Table:
Primary key: Customer ID
Fields:
Customer ID
Name
Contact information
Fee details (history)
Monthly Parking Spot Table:
Primary key: Spot ID
Foreign key: Customer ID
Fields:
Spot ID
Customer ID
Parking Event Table:
Primary key: Event ID
Foreign key: Spot ID
Fields:
Event ID
Spot ID
License plate number
Start time
End time
Hourly Parking Spot Table:
Primary key: Spot ID
Fields:
Spot ID
Visitor Table:
Primary key: Visitor ID
Fields:
Visitor ID
Name
Contact information
Parking events (many-to-many link to Parking Event table)
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How do you solve this :(!! Need a chart
Answer:
Purchases
Date Qty Unit Cost Total Cost
11 14 $15 $210
21 9 $16 $144
Cost of Sales
Date Qty Unit Cost Total Cost
14
14 $15 $210
6 $16 $96
25
9 $16 $144
5 $16 $80
Total $530
Inventory
Qty Unit Cost Total Cost
9 $16 $144
Total $144
Explanation:
LIFO method assumes that the units to arrive last, will be sold first. Also note that the perpetual Inventory method is used. This means the cost of sales and inventory value is calculated after every transaction.
So with LIFO , Cost of Sales will be calculated on recent prices (later prices) whilst Inventory will be valued at earlier prices (old prices).
as the tax assessor for Indian creek county, you have been informed that due to budgetary demands, a tax increase will be necessary next year. The total market value of the property in the county is $800,000,000. currently, the assessment rate is 35% and the tax rate is 40 mils. The county commission increases the assessment rate to 45% and the tax rate to 45 mils
Answer:
this didnt make sense but ok
Explanation:
during the year, ava purchased a building for her business. Ava's dress shop. The cost of the building, not including the land value, will be deducted:
Answer: down below
Explanation: If Ava purchased a building for her business, the cost of the building can be deducted as a business expense on her tax return. This can help reduce the amount of taxes she owes for the year. The land value, however, is not typically deductible as a business expense. It is important to consult with a tax professional to determine the specific deductions that are available in your situation.
Ava purchased a building for her business over years, rather than all at once. Hence, option C is appropriate.
What is the meaning of business?
The term "business" refers to the method of producing, acquiring, and reselling items to generate income. Additionally, it includes "any activity as well as any enterprise undertaken for profit."
An organization as well as an enterprising entity engaging in commercial, industrial, as well as a professional activities is referred to as a business. Businesses can indeed be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, but also partnerships are among the several types of businesses.
An economic institution known as a business produces and/or distributes goods and services to make money and accumulate wealth. Whatever the type of business entity, such as a sole proprietorship, a Hindu undivided family, or a partnership firm.
A business can profit from the products and services it offers. The word "business" derives from the verb "to be busy," which refers to action. It consistently functions.
Hence, option C is correct.
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Full Question:-
During the year, Ava purchased a building for her business, Ava's Dress Shop. The cost of the building, not including the land value, will be deducted:
The year it is acquired.
The year after it is acquired.
Over years, rather than all at once.
When it is no longer used in business.
In a process used by Kane Company, conversion cost is incurred uniformly throughout the process. Material is added at the end of the process. Which of the following statements is true?
The True statement is that "Kane Company must calculate the unit cost of materials and the unit conversion cost separately." Option B
This is further explained below.
What is a conversion cost ?Generally, The manufacturing expenses that are incurred in the process of transforming raw materials into finished goods are referred to as conversion costs.
In cost accounting, the idea is used to determine the value of ending inventory, which is subsequently stated in the balance sheet. This value is then reflected in the financial statements.
The calculation of the unit cost of materials and the unit conversion cost separately will allow for the best overview of the manufacturing process
In conclusion, The assertion that "Kane Company must compute the unit cost of materials and the unit conversion cost separately" is one that is deserving of the label "true." Alternative B
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CQ
In a process used by Kane Company, conversion cost is incurred uniformly throughout the process.
Material is added at the end of the process. Which of the following statements is true?
a. Kane Company cannot use process costing and must use job-order costing.
b. Kane Company must calculate the unit cost of materials and the unit conversion cost
separately.�
c. Kane Company will report the cost of materials with the cost of the ending inventory.
d. Kane Company uses parallel processing.
The following information pertains to Peak Heights Company:
Income Statement for Current Year
Sales $85,900
Expenses Cost of goods sold $51,675
Depreciation expense 6,700
Salaries expense 11,900 70,275
Net income $15,625
Partial Balance Sheet Current year Prior year
Accounts receivable $9,800 $14,200
Inventory 13,100 9,100
Salaries payable 1,620 870
Required:
Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method.
Answer:
Peak Heights Company
PEAK HEIGHTS COMPANY
Statement of Cash Flows
Operating Activities Section
Net income $15,625
Non-cash flow: Depreciation 6,700
Changes in working capital:
Accounts receivable -$4,400
Inventory 4,000
Salaries payable 750
Net cash from operating activities $22,675
Explanation:
A) Data and Calculations:
Peak Heights Company:
Income Statement for Current Year
Sales $85,900
Expenses Cost of goods sold $51,675
Depreciation expense 6,700
Salaries expense 11,900 70,275
Net income $15,625
Partial Balance Sheet Current year Prior year Changes
Accounts receivable $9,800 $14,200 -$4,400
Inventory 13,100 9,100 4,000
Salaries payable 1,620 870 750
need help in these question
Answer:
one sec i can help
Explanation:
Economic demand is?
A. the amount of a good or service that consumers are willing and able to buy at one price.
B. the amount of a good or service that consumers are willing and able to buy at various prices.
C.the amount of a good or service that producers are willing and able to produce at various prices.
D. the amount of a good or service that consumers are willing but not able to buy at various prices.
Which of the following is correct?
The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.
It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.
As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.
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Controlling is the process of assuring actual activities conform to planned activities. With an example, discuss five (5) importance of controlling.
Answer:
Controlling is the process of assuring actual activities conform to planned activities with five examples are discussed below in details.
Explanation:
Planning and controlling are intimately associated. Controlling is further pervasive than planning. Controlling benefits managers observe the effectiveness of their planning, formation, and managing activities. It not only assists in maintaining a record on the development of activities but also guarantees that activities adhere to the measures set in approach so that organizational aims are achieved.
Which of the following are listed in a budget?
Available credit
Expenses and income
Stock and bond values
Public records information
The information that are listed in a budget are Expenses and income.
What does the term "budget" mean?A spending plan based on income and costs can be regarded as the budget it can be seen as projection of your income and expenses for a specific time frame, like a month or a year.
In business, budgeting can be seen as the process of estimating a company's expected earnings (the money the firm receives from selling goods and services) and expenditures (the money it spends on paying expenses and bills) over a predetermined period of time in the future.
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Answer: Expenses and income
Explanation:
7. What Economic system exists in the Lorax? Market, Mixed or Command? Explain. Keep in mind private ownership, profit motive, consumer sovereignty, competition and government regulation.
In the Lorax there is a market economic system.
This known because there is no government in the Lorax, so it cannot be a command economy. The Once-ler started his own business and built it up from there.
An economic system in which a nation's businesses and citizens interact to determine economic policy and how much goods and services should cost.
Adam Smith, David Ricardo, and Jean-Baptiste Say were among the classical economists who created the theoretical framework for market economies. These traditional liberal proponents of the free market held that, in general, the profit motive and market incentives led economic decisions in more productive and efficient directions than did government economic planning. They thought that when governments intervened, it frequently resulted in economic inefficiencies that actually left people in worse financial situations.
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Answer:
In the Lorax there is a market economic system. This known because there is no government in the Lorax, so it cannot be a command economy. The Once-ler started his own business and built it up from there.An economic system in which a nation's businesses and citizens interact to determine economic policy and how much goods and services should cost. Adam Smith, David Ricardo, and Jean-Baptiste Say were among the classicaleconomists who created the theoretical framework for market economies. These traditional liberal proponents of the free market held that, in general, the profit motive and market incentives led economic decisions in more productive and efficient directions than did government economic planning. They thought that when governments intervened, it frequently resulted in economic inefficiencies that actually left people in worse financial situations.
Explanation:
What do insurance sales agents do?
Answer:
Explanation:
Insurance sales agents contact potential customers and sell one or more types of insurance. These agents explain various insurance policies and help clients choose the plans that suit them