Ockham's razor Economic resources are limited supplies that are used to produce goods and services.
Water, sunlight, and air are not considered to be valuable resources. This is due to the fact that these resources are plentiful, which implies they are not in short supply. A positive question, for instance, would be "Do higher minimum salaries produce higher rates of youth unemployment?" whereas a normative question may be "Are higher minimum wages better for young workers?" Let's use minimum wage legislation as an example.
Human resources, like labor and management, and nonhuman resources, such land, capital goods, financial resources, and technology, are two categories of economic resources. The premise of our economic system is that the person who supplies the economic resource has a right to compensation.
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What is the informal economy? how many people in the world's economy work in "system d"? what are some of the advantages of the informal economy? what are some of the disadvantages of the informal economy? does the united states have an informal economy? why or why not?
Answer:
Depending where you look for information, informal economy can cover a lot of different jobs and industries. The informal economy doesn't pay taxes and it is excluded in the gross domestic product. Some organizations include other industries under the informal economy, specially those that are not regulated or adequately controlled by the government. This includes many people who are self-employed or even employees that perform unprotected jobs. E.g. companies that hire poor or illegal immigrant workers and pay them on a daily basis.
According to the International Labor Organization, more than 61% of the world's population works under informal economies.
Some advantages of informal economies are:
higher income resulting from not paying taxes (even on a personal level, if you are able to work and earn a living but do not pay taxes, your personal net income will be higher than if you actually paid taxes). a lot of people are part of it, that means large scale employment.Informal economies tend to have serious disadvantages because the most powerful tend to abuse form the least powerful:
child labor or even forced labor unprotected jobs, e.g. no social security, no health care benefits, no safety at work, etc.Approximately 11-12% of the US economy is considered informal, and that represents almost $2.5 trillion per year. Some normal activities are included in the informal economy although we never think about them as being out of the system, e.g. babysitting, landscaping and cleaning services, etc. Other informal activities are more obvious, e.g. prostitution, drug dealing, theft, etc.
What are the basic types of resources used by producers? Choose three answers. Capital labor value scarcity land.
Answer:
Capital
Labor
Land
Explanation:
edge2021
The basic types of resources used by producers are capital, labour and land.
What are the factors of production ?
Factors of production are resources used by producers in the production of goods and services. The factors of production include:
Land : they are natural resources used to produce goods and services e.g. gold mine, land, water Labor: it is the effort used by people in the production of goods and services.Capital: it includes machinery and man made resources used in production e.g. hammerTo learn more about factors of production, please check: https://brainly.com/question/988852
Which of the following should which of the following should be of concern when a company considers expanding into a new International market?
the country's legal system
the country's political stability
the education level of the workforce
all of the above
If you have been given the assignment of developing an advertising campaign for a very innovative new product, what is the first thing you need to do?
If I have been given the assignment of developing an advertising campaign for a very innovative new product, the first thing which I need to do is to define the advertising goals.
As a result of this, we can see that the first thing which a person who has been given the job of developing an advertising campaign needs to do is to first of define the advertising goals as this would help him to know within the operational limits which he is operating under.
This step is very important because it would enable him to know his budget and the target audience which he has to advertise to.
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when an organization faces seasonal variations in demand, which approach is most appropriate in making decisions about changing capacity?
when an organization faces seasonal variations in demand,Attempt to smooth out capacity requirements.
There are many different types of legal entities, such as organization corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, for-profit companies, partnerships, cooperatives, and educational institutions, to name a few.A hybrid organization is one that concurrently generates commercial market activity in the public and private sectors while carrying out public duties.A voluntary association is a company run entirely by volunteers. Such organizations may be able to function without legal formality depending on the jurisdiction, with a goal in mind that they may express in the form of a manifesto, mission statement, or in an informal fashion that is reflected in what they do. Remember that every action a company takes, whether legal or unlawful, reflects its objectives.
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In the basic EOQ model, if D = 60 per month, S = $12, and H = $10 per unit per month, EOQ is:
A. 10
B. 12
C. 24
D. 72
E. 144
If in the basic EOQ model, if D = 60 per month, S = $12, and H = $10 per unit per month, EOQ is: B. 12.
How to find the economic order quantity (EOQ)?Using this formula to find the economic order quantity (EOQ)
Economic order quantity (EOQ) = √2×D×S /H
Where:
D= 60 per month
S =$12
H = $10 per unit
Let plug in the formula
Economic order quantity (EOQ) = √2×60 ×12/10
Economic order quantity (EOQ) =√1,440/10
Economic order quantity (EOQ) =√144
Economic order quantity (EOQ) =12
Therefore we can conclude that the Economic order quantity (EOQ) is B.
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the craft beer industry is becoming a dominate force in the industry, leading to a decline in sales of larger domestic beers. this turn of events is a direct result of the: a.general environment. bpetitor analysis. c.industry environment. dpetitor environment.
The craft beer industry is becoming a dominate force in the industry, leading to a decline in sales of larger domestic beers. this turn of events is a direct result of the industry environment. The correct option is (c) industry environment.
Macro breweries competed by making use of scale economies and pre-existing distribution networks. The competition from producers of substitute goods, competition from other retailers, and supplier bargaining power are, in my opinion, the three strongest forces.
Despite significant technological advancements over the past 20 years, the brewing industry still faces significant environmental issues related to energy use, water consumption, wastewater, solid waste and byproducts, and air pollutants.
What demographic does craft beer aim to appeal to?The target market for craft beer is frequently those consumers who prefer something other than the mass-produced, big-brand beers that predominate the market. Typically, they seek out beers with greater flavor and character. The correct option is (c) industry environment.
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you realize that your team is at risk of missing its project deadline so you persuade everyone to voluntarily stay an extra hour to get the project done. what are you? sally is responsible for allocating the resources given to the team by the organization, including pay raises. what is she?
Management = complexity (consists of controlling a team group or a set of entities to accomplish a goal.)
You are a team leader or project manager, responsible for ensuring that the project is completed on time. One of your responsibilities is to motivate and encourage your team to work together effectively to achieve the project goals.Sally manages the team's resources, including salary hikes, as a resource manager or human resources manager. She is in charge of making sure the team has the tools necessary to do its task and achieve its goals.
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How do fast-food restaurants rationalize the process of providing food to customers, according to Robin Leidner in Fast Food, Fast Talk
According to Robin Leidner, fast-food restaurants rationalize the process of providing food to customers by developing standardized scripts for employees to use when dealing with customers.
There are many advantages associated with the fact that fast-food chains develop standardized scripts for customer service, as this way, they ensure compliance and quality of processes.
Standardization in fast-food restaurants therefore ensures faster service, mechanization of processes and higher quality in food production, since production and service standards must be followed in any unit of a fast-food chain.
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What type of relationship do a lawyer and a client have?
A) an administrative relationship
B) a labor relationship
C) an agency relationship
D) a tort relationship
Answer:
An Agency relationship but it's D on Edge
Explanation:
The type of relationship a lawyer and a client have is an agency relationship. Thus option (C) is correct.
What is an agency?An agency is a business, firm, or organization that provides a specific service. Sometimes but not always the agencies also work on behalf of another group, business, or person.
Some agencies work for the private sector like an advertising agencies, employment agencies, and travel agencies. Some are government agencies for example they are part of the public sector.
The advertising agencies, add agencies, or creative agencies are firms that focus on creating, planning, and handling advertising. In fact, some employment agencies belong to the government; therefore, they may also be in the public sector.
The type of relationship a lawyer and a client have is an agency relationship. Therefore, option (C) is correct.
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as the price decreases along a linear demand curve, the price elasticity of demand becomesTrue/False
True. The statement: ``As price falls along a linear demand curve, the price elasticity of demand becomes more elastic'' because quantity demanded increases proportionally more than price falls.
When prices fall, consumers become more sensitive to price changes and more likely to purchase a product, resulting in a significant increase in demand.
Conversely, as prices rise, the price elasticity of demand decreases. This means that consumers are less sensitive to price changes, are less likely to purchase the product, and experience less decline in demand.
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Why should we hire you in IT field?
What The Hiring Manager Wants to Know: The best way to answer this question is to discuss what you can do for the company. What do you bring to the table? What skills, education, and attributes do you have that will benefit the organization? What will you achieve if you were to be hired? This is an opportunity to sell yourself to the hiring manager.
ASSIGNMENT QUESTIONS:
The Email should be 3 paragraphs long (Introduction, Body, and Conclusion). It should have an appropriate opening & closing, and a professional signature.
I believe I would be a valuable asset to the IT field because of my strong technical skills, ability to adapt to new technologies, and dedication to continuous learning.
In the IT field, it is crucial to stay up-to-date with the latest technologies and trends. I have a solid foundation of technical skills that includes programming languages, database management, networking, and systems administration. I am also adept at problem-solving and troubleshooting, which are essential skills in resolving technical issues efficiently. Additionally, I have a strong ability to learn quickly and adapt to new technologies, allowing me to stay current and contribute effectively to the organization's IT initiatives.
My passion for continuous learning ensures that I will consistently expand my knowledge and skill set to keep up with the evolving industry. By hiring me, the company will benefit from my technical expertise, adaptability, and commitment to ongoing growth in the IT field.
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The five core job dimensions stated in the Hackman and Oldham model are skill variety, task identity, task significance, autonomy, and ______.
The five core job dimensions stated in the Hackman and Oldham model are skill variety, task identity, task significance, autonomy, and feedback.
What is the Hackman and Oldham Model?The Hackman and Oldham Model describes the five core dimensions that determine job outcomes.
The five core job dimensions show the different skills for performing a specific job. They describe the competence areas and personality traits essential for an employee to perform according to job specifications.
Thus, the five core job dimensions stated in the Hackman and Oldham model are skill variety, task identity, task significance, autonomy, and feedback.
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Select the qualification that is best demonstrated in each example.
Hugh is a Court Clerk who schedules appointments for a court of law.
Sergio spends a lot of time each day sorting mail.
Ayesha gathers information by interviewing people and reviewing documents.
Answer:
organizational skills
patience
research skills
Explanation:
A person can increase the effectiveness of problem-solving, future-focused learning, and task completion by using a variety of organizational skills. To achieve a predetermined goal, organization is required to integrate a number of components.
You may use your resources effectively and efficiently if you have the necessary organizational abilities. You can successfully complete all of your allocated chores if you have good time, energy, and workspace management skills. Depending on your employment and job title, organizational abilities can take many different shapes; nevertheless, they almost always involve keeping your workspace organized, managing deadlines, and working effectively with others.
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Electronic Funds Transfer (EFT)
A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents. The source document is a memorandum.
A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents. The source document is a memorandum.
What is Electronic Funds Transfer?Electronic funds transfer (EFT) is the electronic movement of funds from one bank account to another through computer-based systems, either inside a single financial institution or between numerous institutions, without the direct involvement of bank staff. It is defined as "a funds transfer initiated through an electronic terminal, telephone, computer (including online banking), or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumer's account" by the United States Electronic Fund Transfer Act of 1978. Different nations and payment systems have different names for EFT transactions. For instance, they may be referred to as "electronic checks" or "e-checks" in the United States.
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Prompt What is an economy?
Answer:
An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated.
Does the idea that population increases as technology increases that’s leading more to apply in the same way in advance nations as it does in the developing nations?
Yes, population increases almost always lead to war in both cases
Yes, theories of war apply equally in all circumstances
No advanced nations never have said in population increases
No the theory of population in Technology assume scarce resources
No the theory of population in Technology assume scarce resources. The corrtect answer is option (D).
How has technology increased population growth?All across the world, new developing technologies are being used for improving human welfare. Agriculture is producing more as new technologies advance, which is why mortality is down and fertility is rising. By increasing productivity, new technologies can contribute to population growth.
Rapid population growth makes it more challenging for low-income and lower-middle-income nations to pay the rise in public spending per capita required to end poverty, end hunger and malnutrition, and provide universal access to health care, education, and other important services.
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Hey everyone, I just thought you all should know that...
you are AMAZING
you are BEAUTIFUL
you are SMART
you are KIND
you are NOT going to give up on your FIGHT
and you better stay ALIVE!!! <33
Answer:
thanks lol
you too-
No matter if you are underweight, overweight, or at an appropriate weight, you still need exercise. A. true B. false
Answer:
A. true
Explanation:
Exercise helps people lose weight and lower the risk of some diseases. Exercising regularly lowers a person's risk of developing some diseases, including obesity, type 2 diabetes, and high blood pressure. Exercise also can help keep your body at a healthy weight. Exercise can help a person age well.
3. Explain how economists compute the 'returns to education'. How have these returns varied, by educational achievement level in Canada in the most recent two decades? What role have provincial patterns played?
The returns to education are computed by economists by measuring the benefits that an individual gets in monetary terms from investing in their education. The benefits may include salary, social status, job security, job satisfaction, and other non-monetary benefits.
The returns to education are expressed as a percentage or ratio of the investment in education to the income earned by the individual with that level of education.In Canada, the returns to education have varied by educational achievement level in the most recent two decades. A report from Statistics Canada shows that the returns to education were the highest for individuals with a post-graduate degree, followed by those with a bachelor's degree, college graduates, and high school graduates.
The returns to education have also varied by field of study, with graduates in STEM (science, technology, engineering, and mathematics) fields having higher returns than those in humanities and social sciences fields. In conclusion, economists compute the returns to education by measuring the benefits an individual gets from investing in their education. The returns to education vary by educational achievement level, province, and field of study.
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Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character from Riverdale
Answer:veronica
Explanation:
sure
Answer:
yes i love riverdale my fav character is cheryl or betty
Explanation:
assuming that the client has an it accounting system, describe how the auditors might use data analytic software to design a test to identify the duplicate payments and the unauthorized payments.
Auditors can utilize data analytic software to design a test that identifies duplicate payments and unauthorized payments in the client's IT accounting system.
To identify duplicate payments, auditors can employ data analytic software to analyze payment records within the IT accounting system. The software can search for duplicate payment amounts, payment dates, vendor names, or invoice numbers, flagging any instances where multiple payments match these criteria. The auditors can then review these flagged payments to determine if they are genuine duplicates or if there are errors in the system that led to multiple payments.
Similarly, to detect unauthorized payments, auditors can utilize data analytic software to examine payment records for transactions that fall outside of established approval protocols or vendor lists. The software can compare payment details against authorized vendors, predetermined thresholds, or other pre-defined criteria to identify any anomalies. Any payments that deviate from the expected parameters can be further investigated by the auditors to assess the validity and authorization of the transactions.
By leveraging data analytic software, auditors can efficiently analyze large volumes of payment data, quickly identify potential issues, and focus their efforts on investigating and addressing any duplicate payments or unauthorized transactions in the client's IT accounting system.
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Question:
Which job title describes a person with a career in natural resources?
•production manager
•architectural engineer
•environmental scientist
•tile setter
Answer: its environmental scientist
Explanation:
Doug offers to sell a computer router to Eve, but it is stolen before Eve accepts. Doug:
a. is not required to obtain a similar item for Eve, because it could take an unreasonable period of time to obtain a replacement.
b. is not required to obtain a similar item for Eve, because the theft of the original router terminated the offer.
c. must obtain a similar item for Eve, if Eve offers to pay before delivery.
d. must obtain a similar item for Eve, if Doug tells Eve that he accepts the offer.
Answer:
The answer is B
Explanation:
Since its been stolen he can't offer her anything anymore based on that transaction
Brenda and Louise are twin sisters who each married 20 years ago. Brenda and her husband run a small piano tuning business. They have had a small, loyal customer base, and their modest but adequate income has not changed over time. Louise and her husband each work for a corporation, and their incomes have steadily increased over the last 20 years allowing them to increase their standard of living. Assuming that Brenda and Louise began their married lives equally happy, and based on their income histories alone, what would you predict about the subjective well-being of Brenda and Louise today
Answer: Probably, still happy
Explanation:
People measure success differently, and what makes an individual happy may not be applicable to another, some person's gain satisfaction in doing their own business, while some prefer working for other people. This is why there isn't any specific measure for people's success. Concerning Brenda and Louise, there is a great possibility that they are happy in their various endeavors, having chosen a particular career part and stuck to it for years. This doesn't mean they won't have challenges but means they are happy where they are.
Marcel wants to open a car wash after graduating from high school. For several days, he observed the cars being washed at a local car wash and recorded the following information: Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 50 cars 45 cars 48 cars 26 cars 47 cars 55 cars What is the average number of cars washed each day? If the car wash were open only five days a week, how many cars might be washed per year? (Hint: There are 52 weeks in a year.)
The average number of cars washed each day is 45 cars and the total number of cars washed in a year is 11,700.
What is mean?In statistics, in addition to the mode and median, the mean is one of the measures of central tendency. Simply put, the mean is the average of the values in the given set. It indicates that values in a particular data set are distributed equally. The three most frequently employed measures of central tendency are the mean, median, and mode. The total values provided in a datasheet must be added, and the sum must be divided by the total number of values in order to determine the mean.
Given a table for car washing each day,
Day 1 Day 2 Day 3 Day 4 Day 5 Day 6
50 45 48 26 47 55
Average for cars washed each day,
Average = sum of cars washed/number of days
sum of cars washed = 50 + 45 + 48 +26 + 47 + 55
the sum of cars washed = 271
total days = 6
average = 271/6 = 45.1667
average car washed each day = 45
If the car wash were open only five days a week, how many cars might be washed per year,
total car washed in year = (number of days)(average car washed)(year week)
total car washed in year = 5 x 45 x 52
total car washed in year = 11,700
Hence average car washed each day is 45 and the total car washed in a year is 11,700.
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hi i need help plz its
an increase or decrease in which of the following factors would cause a shift in the demand curve for a given good? select the two correct answers.
price of the good
input prices
number of sellers
price of related goods
income
Answer:
price of related goods
income
The a change in these factors would lead to a shift for the demand curve for a good: price of related goods and income
The demand curve shows the relationship between the price of a good and the quantity demanded of that good.
All things remaining equal, the higher the price of the good, the lower the quantity demanded and the lower the price of the good, the higher the quantity of the good demanded. This explains why the demand curve is negatively sloped.
A change in the price of a good would lead to a movement along the demand curve for that good.
These factors would lead to a shift of the demand curve a good
1. The price of other goods : Assume that pen and pencils are substitutes. If the price of a pen increases, it becomes more expensive relative to pencils. As a result, the demand for pencils will increase. This would lead to a rightward shift of the demand curve.
2. Income : if the income of a person increases, the person would be able to buy more quantities of goods and services. This would lead to a rightward shift of the demand curve for those goods.
Please find attached images of the demand curve
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(ANSWER PROVIDED) Under what circumstances would it be appropriate and legal to turn down a qualified job candidate based on a disability?
done
A.
When required accommodations would be very expensive or difficult to provide
close
B.
It is never appropriate or legal to turn a job applicant down because of a disability.
C.
When a disability makes it difficult to use a standard telephone
D.
When the disabled individual is either blind or deaf
*
*
ANSWER: A. When required accommodations would be very expensive or difficult to provide
Under the circumstances that would be appropriate and legal to turn down a qualified job candidate based on a disability is:A. When required accommodations would be very expensive or difficult to provide.
What is disability?Disability occur when a part or some part of a person body is not functioning or not functioning properly. Example of disability is when a person cannot see, cannot hear, cannot walk which inturn tend to make it difficult for the person to engage in some certain activities that non disability people can do.
A qualified job candidate who is disabled may be legally turn down when the employer does not have required capacity to accommodate the person or when the accommodations would be very expensive or difficult to provide.
Therefore the correct option is A.
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Answer: A
Explanation: I j took test
In a sample of 56 tax returns filed by local hotel managers in a recent year, the taxable incomes are found to have a mean of $41225 and a population standard deviation of $6112. Construct the 99% confidence interval for the mean taxable income of all local hotel manager that year. Select one: a. 39255
To construct a 99% confidence interval for the mean taxable income of all local hotel managers in a recent year, we can use the following formula:
Confidence Interval = Sample Mean ± Z * (Population Standard Deviation / sqrt(Sample Size))
Given that the sample size is 56, the sample mean is $41,225, and the population standard deviation is $6,112, we need to find the value of Z for a 99% confidence level. Using a standard normal distribution table or calculator, we find that the Z-value corresponding to a 99% confidence level is approximately 2.58.
Plugging in the values, we have:
Confidence Interval = $41,225 ± 2.58 * ($6,112 / sqrt(56))
Calculating the expression inside the square root:
sqrt(56) ≈ 7.483
Substituting this value into the confidence interval formula:
Confidence Interval = $41,225 ± 2.58 * ($6,112 / 7.483)
Simplifying the expression:
Confidence Interval ≈ $41,225 ± $5,293.63
The 99% confidence interval for the mean taxable income of all local hotel managers in that year is approximately ($35,931.37, $46,518.63).
Therefore, the answer "a. $39,255" is incorrect. The correct answer is not provided among the options given.
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