The large range of estimated computer security losses of businesses is due to both A and C, businesses often don't know or don't disclose how much they're losing on computer crime.
The actual financial impact of computer security breaches on businesses is difficult to estimate, and as a result, the range of estimated losses is large. Many businesses may not even realize the full extent of their losses, as some security breaches may go undetected or unreported.
Additionally, some businesses may choose not to disclose the full extent of their losses, either to avoid negative publicity or to protect their competitive advantage. This lack of information and transparency makes it challenging to accurately assess the total financial impact of computer security breaches on businesses.
Therefore, the range of estimated losses varies widely, from $15 billion to $300 billion annually.
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Imagine you buy five burgers, two books, and a pair of jeans each period. In period 1,
burgers are $5, books are $12, and jeans are $30. In period 2, burgers are $6, books are
$14, and jeans are $28. What is the CPI based on your consumption?
Answer:
To find the answer, we use the Consumer Price Index (CPI) formula:
CPI = ( Cost of Market Basket in a Given Year / Cost of Market Basket in Base Year ) * 100
In this case, we will assume that the base year is period 1, and the given year is obviously period two.
Now, we simply plug the amounts into the formula:
CPI = ( 6 + 14 + 28 / 5 + 12 + 30 ) * 100
CPI = ( 48 / 47 ) * 100
CPI = 102.13
In other words, the inflation rate for this CPI was 2.13%
A monopolistically competitive firm is operating where marginal cost equals marginal revenue and is making positive economic profits. Based on this, which of the following must be true?
ANSWER CHOICES:
A)The firm's total fixed costs are less than its total variable costs.
B)The firm is allocatively but not productively efficient.
C)The firm is not maximizing its profit.
D)The market is not in long-run equilibrium.
E)The average total cost is equal to or greater than the marginal cost.
In a monopolistically competitive market structure, the firms are price makers that sell differentiated products and face competition from other firms selling similar but not identical products. The firms have market power and thus can charge prices that are higher than the marginal cost of production.
The market power of the firms depends on the degree of product differentiation, the number of firms in the industry, and the barriers to entry into the industry. When a monopolistically competitive firm is operating where marginal cost equals marginal revenue and is making positive economic profits, it is charging a price that is higher than the marginal cost of production.
In this case, the firm is not allocatively efficient because it is producing less than the socially optimal quantity of output. The firm is not productively efficient because it is not producing at the minimum average total cost.In the long run, the entry of new firms into the industry will increase the competition and reduce the market power of the existing firms. As a result, the demand for the products of the monopolistically competitive firms will decrease, and the economic profits will decrease as well. The exit of firms that are making losses will reduce the supply in the industry and increase the prices. The process of entry and exit of firms will continue until the firms are making zero economic profits in the long run.In the long-run equilibrium of a monopolistically competitive market, the firms are not allocatively efficient because they are charging a price that is higher than the marginal cost of production. The firms are not productively efficient because they are not producing at the minimum average total cost. The market is not perfectly competitive because the firms have market power due to product differentiation. The market is not a monopoly because there are many firms in the industry that sell similar but not identical products. D) The market is not in long-run equilibrium.
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11. True or false. A crime is an offense against the public at large.
a. TRUE
b. FALSE
Answer:
I mean I'm pretty sure that's true considering crime is against the law.
It is true that a crime is an offense against the general public. Thus option (A) is correct.
What is the offense?You know, playing offense refers to taking proactive measures, approaching rather than avoiding situations, getting a head start on the day, and tackling the difficult task first. By taking the offensive, you are shaping your life rather than letting it happen to you. Compared to playing defense, it is considerably more intriguing and gratifying.
The offensive conduct is the primary focus of a public order felony charge. While public order offenses generally follow a similar pattern across all states, certain local governments may have extra or different laws.
Such actions are viewed as crimes not because an obvious offender and victim can be identified, but rather because the larger community, or at least a vocal and influential portion of it, feels offended and hence victimized by such actions. Public order offenses have different legal standing in different jurisdictions.
Therefore, Thus option (A) is correct.
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Why is placing a fraud alert an effective way of dealing with inaccuracies in a credit report?.
Placing a fraud alert is an effective way of dealing with inaccuracies in a credit report because A fraud alert encourages lenders and creditors to take extra steps to verify your identity before issuing credit.
A fraud alert is a note that is located on your credit file that indicates credit card organizations and others who can also increase your credit that you may be a victim of fraud, consisting of identification theft. think of it as a “pink flag” to capacity creditors and creditors. Fraud indicators are loose.
Putting a fraud alert no longer affects your credit score ratings. It alerts creditors that you can have been a victim of fraud and encourages them to take more steps, which includes contacting you at a telephone number you provide, to confirm your identification before extending credit for your call.
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Explain the concept of market and market identification.
Identify communications channels used in sales promotion.
Explain types of advertising media.
Describe effective advertising layouts.
Write copy for advertisements.
Copywriting for advertisements should be concise and to the point, utilize descriptive language, use active voice, include an attention-grabbing headline, and provide a clear call-to-action.
What is Copywriting?Copywriting is the practice of crafting words and phrases in order to create promotional materials that are designed to sell products or services. It requires a great deal of creativity and an ability to write in an engaging and persuasive manner. Copywriting involves researching, understanding the target audience, creating attention-grabbing headlines and crafting persuasive copy to persuade readers to take action. It is an essential part of the marketing process and can be used to effectively reach potential customers and increase sales. Copywriters use a variety of techniques to create effective copy, such as using powerful words, creating vivid imagery, and making use of persuasive language. Copywriters must be able to understand the needs of their target audience, create compelling headlines and body copy, and be able to effectively target the right people. In addition, copywriters must be able to measure the success of their copy and make adjustments based on the results.
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3. Earning of profit is regarded as the main objective of business? Explain by giving any 3reasons
Consider the following time serian. .M using the naive method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy. a. Mean absolute error. If required, round your answer to one decimal place. b. Mean squared error. If required, round your answer to one decimal place. c. Mean absolute percentage error. If requlred, round your intermediate calculations and final answer to two decimal places. % d. What is the forecast for week 7 ? If required, round your answer to two decimal place.
Given a time series that we are using the naive method (most recent value) as the forecast for the next week, and we have to calculate the following measures of forecast accuracy:
a) Mean Absolute Error (MAE)
The mean absolute error is a measurement of the difference between the forecast and actual values, disregarding sign; thus, it measures the size of the error in units.
b) Mean Squared Error (MSE)
Mean Squared Error is a measurement of the average squared error between the actual and forecast values, and it measures the size of the error squared in units.
c) Mean Absolute Percentage Error (MAPE)
The Mean Absolute Percentage Error is a measurement of the forecast's relative accuracy, calculated as the average of the absolute percentage errors. To find the MAPE in percentage, we multiply the obtained MAPE with 100.
d) Forecast for week 7
To find the forecast for week 7, we can use the most recent observed value because we are using the naive method. Hence the forecast for week 7 is 10.
The given time series data is not given in the question, so we can't calculate the MAE, MSE, and MAPE. We can find the forecast for week 7 as explained above.
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Choose a well-known company and describe at least three qualities that you associate with that company or brand. Explain why you associate those qualities with that brand.
Amazon is well known brand and largest e-commerce site which intends to be most customer-centric company, provide best consumer experience and provide a range of products ranging from A-Z.
The Amazon Inc. became successful due to following the three mantras and always hearing the customer feedback to improve their service and the organization as a whole.
Amazon's customer-centric approach makes it provide what customer wants and not what the company wants to sell to their consumers. It also decides the price for its products for different budgets.As an e-commerce company there are always chances of defaulted products and Amazon deals with such problems and resolves them in the best possible way that makes the customer experience better.Amazon is dedicated in providing a range of goods and services through different fields like shopping, utility bills payments, mobile wallet, entertainment through Prime music, video, kindle, etc.Hence, the above three qualities of Amazon Inc. makes it differ from most other companies in the world and has helped in becoming the most valuable company in the world.
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Which product would most likely be considered inherently unsafe?
A. A bathroom cleaner
B. A garden hose
C. A bookshelf
D. A lamp
Answer:
c
Explanation:
bell kung matutong ba yung bookshelf
The product that would most likely be considered inherently unsafe depends on various factors such as its intended use, design, and potential hazards associated with its usage. Hence option C is correct .
Which product would most likely be considered inherently unsafe?Among the options provided, a bathroom cleaner would most likely be considered inherently unsafe. This is because most bathroom cleaners contain powerful chemicals such as bleach, ammonia, and acids that can cause serious health hazards if not used properly.
These chemicals can cause skin irritation, respiratory problems, and even chemical burns if they come into contact with the skin or eyes.
Furthermore, bathroom cleaners are often stored in containers that may not be child-resistant, which can pose a serious risk of accidental ingestion or exposure. This can result in poisoning, and in severe cases, even death.
While the other options provided, such as a garden hose, bookshelf, and lamp, can also pose risks if not used properly or designed poorly, they are generally considered safer than bathroom cleaners.
A garden hose may pose a tripping hazard if not stored properly, a bookshelf may fall if overloaded, and a lamp may pose an electrical hazard if damaged, but these risks can be mitigated through proper use and maintenance.
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3. Describe through the use of T accounts the birth & growth of the Wahoo Bank
Answer:
Describe through the use of T accounts the birth & growth of the Wahoo Bank is explained below in detailed explanation.
Explanation:
Equipoise T-accounts is one of the more complex and mind gobbling something for many accounting scholars. In this lesson, we're going to discover specifically how to balance a T-account. Surely, by the time you've completed this exercise, this action will be more relaxed for you than ever since. The last portion of the T-account that we require to meet is its amount. An account’s amount is the value of that object at a precise point in time.
In a T-account, we determine the balance of the matter at the origin of the term (month or year) and the conclusion of the period.
On January 1, 2021, Skysong Corp. had 491,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.
February 1 Issued 114,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 103,000 shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1 Reissued 60,000 shares of treasury stock
Determine the weighted-average number of shares outstanding as of December 31, 2021.
The weighted-average number of shares outstanding enter the weighted-average number of shares outstanding as of December 31, 2018
Assume that Skysong Corp. earned net income of $3,619,000 during 2021. In addition, it had 98,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.)
Earnings Per Share $enter earnings per share rounded to 2 decimal places
Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.)
Earnings Per Share $enter earnings per share rounded to 2 decimal places
Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $431,000 (net of tax). Compute earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.)
Skysong Corp.
Income Statement
choose the accounting period December 31, 2021For the Year Ended December 31, 2021For the Quarter Ended
The income statement for Skysong Corp. for the year ended December 31, 2021 is not provided, so we cannot provide a statement for the quarter ended earnings per share for 2021 with the loss from discontinued operations is $2.88.
The weighted-average number of shares outstanding, we need to consider the number of shares outstanding for each period during the year. We can break down the year as follows:
January 1 to February 1: 491,000 shares outstanding
February 1 to March 1: 605,000 shares outstanding (491,000 + 114,000)
March 1 to May 1: 665,500 shares outstanding (605,000 + 10% stock dividend)
May 1 to June 1: 562,500 shares outstanding (665,500 - 103,000)
June 1 to October 1: 1,687,500 shares outstanding (562,500 x 3)
October 1 to December 31: 1,627,500 shares outstanding (1,687,500 - 60,000)
The weighted-average number of shares outstanding, we multiply the number of shares outstanding during each period by the proportion of the year that the shares were outstanding. The weighted-average number of shares outstanding is then the sum of these products. We can calculate this as follows:
((31/365) x 491,000) + ((28/365) x 605,000) + ((60/365) x 665,500) + ((31/365) x 562,500) + ((121/365) x 1,687,500) + ((91/365) x 1,627,500) = 1,107,930
Therefore, the weighted-average number of shares outstanding as of December 31, 2021 is 1,107,930.
To calculate earnings per share, we divide net income by the weighted-average number of shares outstanding. We can calculate this as follows:
Earnings per share = (Net income - Preferred dividends) / Weighted-average number of shares outstanding
Since no preferred dividends were declared or paid, we can use net income as is. Using the weighted-average number of shares outstanding calculated above, we can calculate earnings per share as follows:
Earnings per share = ($3,619,000 - $0) / 1,107,930 = $3.26
Therefore, earnings per share for 2021 is $3.26.
If the preferred stock was cumulative, we would need to subtract any preferred dividends declared or paid from net income before calculating earnings per share. However, since no preferred dividends were declared or paid, the earnings per share calculation remains the same.
If net income included a loss from discontinued operations of $431,000 (net of tax), we would need to subtract this loss from net income before calculating earnings per share. Using the adjusted net income, we can calculate earnings per share as follows:
Earnings per share = ($3,188,000 - $0) / 1,107,930 = $2.88
Therefore, earnings per share for 2021 with the loss from discontinued operations is $2.88.
The income statement for Skysong Corp. for the year ended December 31, 2021 is not provided, so we cannot provide a statement for the quarter ended.
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How did the New Deal programs change the role of the government?
In the short term, the New Deal program helped improve the lives of those afflicted by the Great Depression. In the long term, the New Deal program will set a precedent for the federal government to play a significant role in the country's economic and social affairs.
The New Deal promised by Roosevelt to the American people began to take shape shortly after his inauguration in March 1933. Based on the assumption that federal power was needed to pull the country out of recession, the Bank Reform Act, the Emergency Relief Program, the Labor Relief Program, and the Agriculture Program were passed in the early years of the Roosevelt administration. . A second New Deal was later developed. This included union protection programs, social security legislation, and programs to support tenant farmers and migrant workers. Many of the acts and institutions of the New Deal have become known by their acronyms. For example, Works Progress Administration was known as his WPA, and Civilian Conservation Corps was known as his CCC. Many said the New Deal program reminded them of alphabet soup.
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Morning light does not enter the swamp. Even the sunrise is dark. Still, time progresses, night into day
A picture of bayou country is deceiving Slow streams converge under mud to make the appearance of land that is actually water. One net of moss hangs from one hundred trees. Lightning strikes the
same stump many times.
People pass the swamp's fringes in trains, on tracks that cling to the last solid ground. Out of their windows are landscapes that take the earth's colors to every periphery, Bright orange sunsets
surround people like sky on an airplane. On gray foggy mornings they ride through a dream that has no beginning or end. But time has its limits, these people know. They are expected places--Memphis
by midnight, New Orleans by dawn
Deep in the swamp, animals keep the only appointments Birds gather at high places in trees. Raccoons make their last noisy passes for food across someone's back porch before he awakes. Fish all
around splash up, although they cannot see the morning coming to clean the picture of day like clothes bleaching in a galvanized tub from dark gray to light gray
Joan looked out from the porch to the swamp she had known all her life. Ahead of her in the veiled light were the outlines of many trees. Below and around her were the crisp sounds of nature
awakening Cupped in both hands, perched on her knees was a warm mug of coffee.
Which of the following can the reader infer from the passage above?
O Travelers sleep throughout the journey.
O The ride is for airplane passengers to see the sky.
O Travelers lose their sense of the outside world.
Answer:
Travelers lose their sense of the outside world.
Explanation:
Study Island
9) How do we lose most of our mass when we exercise?
a) As heat
b) sweating
c) Exhaling CO2
d) Difestion
Answer:
To lose weight, you need to break down those triglycerides to access their carbon.
The results showed that in order to completely breakdown 22 pounds (10 kg) of human fat, we need to inhale 64 pounds (29 kg) of oxygen (and somewhere along the way, burn 94,000 calories). This reaction produces 62 pounds (28 kg) of CO2 and 24 pounds (11 kg) of water.
Explanation:
With specific reference to the case study, describe some of the soft skills needed at university and in the workplace
Answer:
Soft skills are personal qualities and attributes that are not related to specific knowledge or technical skills, but rather to the way a person interacts with others and approaches tasks and challenges. Some examples of common soft skills that may be important at university and in the workplace include:
Communication skills: The ability to express oneself clearly and effectively, both in written and oral form, is important at university and in the workplace. This includes being able to listen actively and understand others' perspectives, as well as being able to articulate one's own ideas and opinions.
Collaboration skills: The ability to work well with others is important in both educational and professional settings. This includes being able to contribute effectively to group projects and discussions, as well as being able to resolve conflicts and negotiate solutions with others.
Problem-solving skills: The ability to think critically and creatively, and to come up with effective solutions to problems, is important in both academic and professional contexts. This includes being able to identify and analyze problems, generate and evaluate potential solutions, and implement and follow through on the chosen solution.
Time management skills: The ability to manage one's time effectively is important in both academic and professional settings. This includes being able to prioritize tasks, set and meet deadlines, and manage workload effectively.
Interpersonal skills: The ability to build and maintain positive relationships with others is important in both educational and professional contexts. This includes being able to work well with a diverse range of people, being able to empathize with others, and being able to handle difficult situations and conflicts in a professional manner.
What is a plan for how much to spend and how much to save of ones earnings called?
A. a wish list
B. a personal budget
C. a saving account
D. an investment portfolio
there is no right or wrong answer
What is Gravitational law and how yo solve it
Explanation:
I believe this is what you are asking for, Newton's law of gravitation.
The law of Newton's universal-gravitation states that every particle will attract every other particle in the universe. The force that attracts this is a force that is directly proportional to a product of the mass.
How do you calculate the profit margin for a business?
Answer:
by dividing your net income by your revenue (net sales)
then multiply your answer by 100
(ni/r)×100
The formula for calculating profit margin is:
( Total Revenue - Total Expenses ) / Total Revenue.
How to convince people to buy your wine.
Answer and Explanation:
Talk them into it..
Answer:
either make an ad, or make the wine actually delicous and do not click-bait. click-baiting will have your chances on people buying your wine to a lower chance.
Under the allowance method of recognizing uncollectible accounts, the entry to write off an uncollectible account:a. increases the allowance for uncollectible accounts.b. has no effect on the allowance for uncollectible accounts.c. has no effect on net income.d. decreases net income.
When using the allowance method of recognizing uncollectible accounts, writing off an uncollectible account c. has no effect on net income.
How does the allowance method of uncollectible accounts work?The Allowance method for recognizing uncollectible accounts is such that the company opens up an account which is like a reserve, for uncollectible accounts.
When there is an uncollectible account, it goes to the reserve in question where it is subtracted from the allowance made. This means that the uncollectible is not treated as an expense and so has no effect on net income.
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Why would a person change their business status to a LLC?
A. To gain tax breaks
B. To limit their personal liability
C. To help obtain funding through the sale of stock
D. Because it is the easiest form for setting up your business
Answer:
A) to gain tax breaks
Explanation:
A common reason for changing a co. to an LLC is to avoid double taxation
Match each word with the phrase that best defines it.
service
a measure of how financially worthy a
person is to receive loans
credit score
the act of stealing and using someone
else's personal information
identity theft
a condition of financial failure
bankruptcy
a resource that is provided to meet
consumers' needs
Answer:
Credit score - A measure of how financially worthy a person is to receive loans .
Identity theft - the act of stealing and using someone else's personal information .
Bankruptcy - A condition of financial failure
Consumers' needs - A resource that is provided to meet .
Explanation:
The Credit score is described as the numerical expression which represents an individual's creditworthiness. This number is determined by the evaluation of past credit files of the person which makes him/her worthy or not worthy to seek loans from the bank.
Identity theft is a term employed for describing an illegal or fraudulent use of a person's identity or personal information for seeking financial or other advantages(obtaining credit, medical services, file taxes, etc.) associated with that person.
Bankruptcy is demonstrated as the term used for 'legal declaration or recognition of the condition of insolvency of an individual or financial organization.' In this situation, the person or organization fails to repay the debts.
Consumer needs are described as the resources(product or service) that the consumers require to meet a particular need. In economic terms, it is the customer's desire for a resource or good for a specific benefit or advantage. For example: a fan would help the consumer to eliminate the feeling of heat.
mason is part of the union negotiating team. he is gathering information about accident records, employee performance reports, absenteeism and transfers. what step of collective bargaining is he performing?
The process by which management and union representatives negotiate the employment conditions for a bargaining unit for a designated period of time. The parties have a mutual obligation to bargain in good faith in an effort to reach an agreement with respect to wages, hours, and working conditions.
management consists of the activities of setting the strategy of an organization and coordinating the efforts of its personnel (or of volunteers) to accomplish its objectives via the application of to-be-had sources, inclusive of financial, herbal, technological, and human sources. "Run the enterprise"[1] and "exchange the enterprise" are two principles that might be utilized in management to distinguish between the continued shipping of products or services and adapting of goods or services to meet the converting needs of customers - see fashion. The term "control" can also talk over the individuals who manipulate a corporation—managers.
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Where do you report a stolen credit card to efta standards or pci standards
A merchant's PCI DSS compliance can be confirmed using the PCI Report on Compliance. The PCI DSS's standards and procedures were created to increase the security of credit card-based transactions and safeguard cardholder data from fraud and other unauthorized uses of their personal data.
To protect cardholders' private information and boost the security of transactions involving credit, debit, and cash cards, the Payment credit card Industry Data Security Standard (PCI DSS) is a well-known set of rules. PCI Compliance is NOT a one-time project but an ongoing practise. Merchants (the Business Owner) are in charge of overseeing the finances of their company's activities.
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Project risk events tend to be unlikely __________ a project, but that's also when they tend to be the __________.
Answer:
Late in, most costly
Explanation:
Project risk events tend to be unlikely late in a project, but that's also when they tend to be the most costly.
During the first half of the nineteenth century, a number of advancements in transportation helped accelerate the movement of goods throughout the country and connect america to foreign markets. identify the effects each of these modes of transportation had on the economy.
The advancements in transportation during the first half of the nineteenth century, including canals, railroads, and steamships, had significant effects on the economy. These modes of transportation facilitated the movement of goods, improved trade connections, boosted industrial growth, expanded markets, and stimulated economic development.
Canals: The construction of canals, such as the Erie Canal, had a transformative impact on the economy. Canals allowed for efficient transportation of goods, reducing costs and enabling businesses to reach new markets. They facilitated trade connections between different regions, promoted the growth of industries, and encouraged agricultural production by providing access to broader markets.
Railroads: The introduction of railroads revolutionized transportation in the nineteenth century. Railroads provided faster, more reliable, and cost-effective transportation of goods. They connected regions and cities, opened up new markets, stimulated industrialization, and promoted urbanization. Railroads spurred economic growth by facilitating the movement of raw materials, manufactured goods, and people, leading to increased trade and market integration.
Steamships: Steamships transformed international trade by significantly reducing travel time and costs. They improved connections with foreign markets, expanded global trade networks, and facilitated the exchange of goods and ideas. Steamships enabled the transportation of larger quantities of goods, including perishable items, across longer distances, boosting international commerce and contributing to economic expansion.
Overall, these advancements in transportation during the first half of the nineteenth century played a crucial role in promoting economic growth, expanding markets, and connecting America to foreign markets, ultimately shaping the development of the national economy.
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__ is the automated process of sending personalized and relevant content to prospects to build their trust, making it more likely that they will eventually make a purchase.
Lead nurturing is the automated process of sending personalized and relevant content to prospects to build their trust, making it more likely that they will eventually make a purchase.
Lead nurturing is the process of establishing and upholding connections with clients at every stage of their customer journey, typically via marketing and communications messages.
Software is used in automated lead nurturing to send messages in response to consumer activity or pre-set schedules.
Automation solutions also notify marketers of consumer queries and comments that require responses, as listening to potential customers and answering their inquiries are essential components of nurturing leads.
A program for lead nurturing that is effective concentrates marketing and communication efforts on listening to prospects' needs and meeting those needs by:
Develop trustamplify brand awarenessKeep in touch with prospects until they are prepared to make a purchase.Hence, Lead nurturing is the automated process of sending personalized and relevant content to prospects to build their trust, making it more likely that they will eventually make a purchase.
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Economics is the study of how evenly goods and services are distributed within society. True or false?.
False! Economics is NOT the study of how evenly goods and services are distributed within society. It focuses more on efficiency than equality.
Economics is actually known as a social science that examines how products and services are created, produced, distributed, and consumed. It also analyzes people's decisions when they consume and the preferences of institutions, companies, governments, and countries when their resources are distributed.
Efficiency refers to how much use society makes of its limited resources. However, to consider equality, the distribution of economic advantages among the members of society must be equal.
There's also "economic efficiency" when all commodities and production inputs are assigned to the most beneficial uses while the wastes are either eliminated or minimized.
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Which of these is an example of perfect competition?
a. many small companies selling food grains
b. some big companies selling computers
c. few companies selling aerated cold drinks
d. many international companies selling bicycles
Answer:
a. many small companies selling food grains
Explanation:
Perfect competition is a market including many small companies selling the same product to promote healthy competition.
Answer:
A.) many small companies selling food grains
Explanation:
Plato