Brand loyal decision is a type of nominal decision that is characterized by a fairly high degree of product involvement by a customer, but a low degree of purchase involvement.
What is Brand loyal decision?A brand loyal decision can be defined as a type of nominal decision which involves a customer having a fairly high degree of involvement in the products offered by a producer (business organization) but a low level of involvement in its purchase.
This ultimately implies that, a brand loyal decision is characterized by a fairly high degree of product involvement with subsequent low degree of purchase involvement.
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How does scarcity determine the economic value of an item? by the amount of goods that are produced by the capital required to build the factory by the unlimited wants of the consumers by the resources consumed in production
Scarcity determine the economic value of an item by the unlimited wants of the consumers.
What is scarcity?It should be noted that scarcity means paucity. It is a problem of infinite human wants and needs in a world of infinite resources.
In this case, scarcity determine the economic value of an item by the unlimited wants of the consumers.
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Answer: scarcity determines the economic value of an item by the unlimited wants of the consumers
Explanation: just did the test
Business loans available from commercial banks with terms generally five to twelve years and secured or unsecured are called _____ loans.
Business loans available from commercial banks with terms generally five to twelve years and secured or unsecured are called term loans.
What is term loan?Term loans are short-term loans offered to businesses for capital expenditure and expansion, among others.
Term loan enable borrowers with a lump sum of cash upfront in exchange for specific borrowing terms.
Hence, business loans available from commercial banks with terms generally five to twelve years and secured or unsecured are called term loans.
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Select the best answer for the question.
1. In retail, COGS refers to
A. another word for profit.
O B. cost of goods sold.
O C. a way to measure sales.
O D. change given to customers.
O Mark for rovinu
Answer:
The answer is B. Cost of goods sold.
Explanation:
That is what the abreviation means.
The inability to compare divisions of different sizes is a major disadvantage of ______. Multiple choice question. residual income only both residual income and ROI ROI only neither residual income nor ROI
The financial metric that has the major disadvantage of failing to compare divisions which have different sizes is residual income.
What is residual income?It is a method of analyzing companies that checks for the income that a division gets after it produces a good or service that brings in income.
This metric does not take the size of the department into account which means that larger departments are often favored because they would have produced more goods and services.
In conclusion, option A is correct.
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contrast direct taxes with indirect taxes.
Direct tax is a tax that is paid by the assesses to the government directly, whereas the indirect tax is one which is paid by the assesses indirectly to the government.
What is the difference between direct taxes and indirect taxes?A direct tax is one that is paid by the person directly to the government, here the burden of tax is not shifted to anyone.
Example: Income tax, wealth tax, gift tax, etc.
An Indirect tax is one that is paid by the person indirectly to the government, here the burden of tax is shifted to any person.
Example: Goods and Services Tax, custom duty, excise duty, etc.
Therefore, the direct tax is paid to the Central Board of Direct Tax and the indirect tax is paid to the Central Board of Indirect Tax.
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To positively stimulate an economy using fiscal policy, government spending should ______, and taxes should ______.
Answer:
rise;fall
Explanation:
The government might issue tax stimulus rebates to increase aggregate demand and fuel economic growth. The logic behind this approach is that when people pay lower taxes, they have more money to spend or invest, which fuels higher demand.
A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found that the actual total of contractual adjustments applied to receivables on hand at the end of the previous year was $4,000 higher than the estimate. How should the difference be reported
A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found that the actual total of contractual adjustments applied to receivables on hand at the end of the previous year was $4,000 higher than the estimate. How should the difference be reported
________ allows a country to seize the market opportunity and trade with other countries which have easier production and lower cost of certain goods in its marketplace.
Answer:
The answer is Lower opportunity costs.
Explanation:
With low opportunity cost, the individual has to forgo or give up very little in the way of resources in order to take advantage of an opportunity.
The term _________________ refers to the additional utility provided by one additional unit of consumption.
Answer:
Marginal Utility
Explanation:
Marginial Utility is the term used to describe the additional amount of utility (utils) given by consuming one additional unit of a product.
For example, the first bite of a cupcake could be 20 utils.
If the second bite of cupcake adds 15 utils (up to 35 utils), then the marginal utility is 15 utils.
In double-entry accounting, each transaction affects at least two accounts.
True or false
Answer:
True! A double-entry accounting is a standard accounting method that involves recording each transaction in at least two accounts, resulting in a debit to one or more accounts and a credit to one or more accounts. The total amount of the transactions in each case must balance out, ensuring that all dollars are accounted for.
Explanation:
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Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium? it needs to be increased. it needs to be decreased. it needs to reach the price ceiling. it needs to remain unchanged.
The rate suggested via the means of p2 on the graph to gain equilibrium needs to be decreased.
What is equilibrium?Equilibrium is the nation wherein the marketplace delivers and calls for stability from each other, and as a result, costs grow to be stable.
Generally, an over-deliver of products or offerings causes costs to head down, which leads to better call for—while an under-deliver or scarcity of products causes costs to head up, resulting in much less call for.
The balancing impact of delivery and call for outcomes in a nation of equilibrium. The equilibrium rate is the rate at which the delivery of products fits the call for.
When a primary index studies a length of consolidation or sideways momentum, it could be stated that the forces of delivery and call for are tremendously the same and the marketplace is in a state of equilibrium.
So, from the above statement, it is clear that, it needs to be decreased, is the right answer.
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Answer:
b
Explanation:
Potential gdp in the u. S. Will be unaffected by ____________________.
Answer:
the unemployment rate
Explanation:
There wont be a bad percent of people losing jobs.
When managers are evaluated on residual income, rather than on return on investment (ROI), they will be ______ likely to pursue projects that will benefit the entire company.
When managers are evaluated on residual income, they will be more or less likely to purse projects that will benefit the entire company.
What is return on investment (ROI)?Return on investment (ROI) is a financial ratio used to calculate the benefit an investor will receive in relation to their investment cost in an organization.
ROI can be used to compare the return on investments of a company over a period of time. It is calculated by dividing the Earnings Before Interest, Tax and Depreciation by Investments amount.
Hence, when managers are evaluated on residual income, they will be more or less likely to purse projects that will benefit the entire company.
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Outsourcing some production is a means of supporting a constraint. Group of answer choices TRUE FALSE
It is a false statement that outsourcing some process in production is a means of supporting a constraint.
What is an outsourcing?An outsourcing refers to act of hiring external body to perform services that are normally performed in-house of the company by the employees.
Rather, the use of outsourcing some of production is intended to overcome some organization constraints.
Therefore, the statement is false.
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What is one assumption made by most public choice theorists? (1 point)
o the assumption that political leaders rarely care about the opinions of those that have voted for them
O the assumption that political leaders are not susceptible to lobbyists
O the assumption that political leaders act according to their own self-interest
o the assumption that political leaders rarely care about their own political goals
Answer:
here are all of the answers to this quick check
Explanation:
1. discretionary spending
2. Local governments spend a higher percentage of their budgets on elementary and secondary education than state governments but state governments spend a higher percentage on higher education than local governments.
3. Mandatory spending is required by law to be paid while discretionary spending is based on annual appropriations, set by the House and Senate Appropriations Committees.
4. Fiscal policy mainly deals with taxation and government spending, while monetary policy influences the supply of money within an economy as well as interest rates.
5. he assumption that political leaders act according to their own self-interest
I just took the test hope this helps :)
The assumption that political leaders act according to their own self-interest is one assumption made by most public choice theorists. Thus, option A is correct.
What is a public choice?Public choice involves the actions and procedures involved in the provision of public resources, their distribution, and the establishment of suitable standards that govern these actions. In order to maximize their societal usefulness, individuals' public choice processes are expected to be studied and influenced through the theory of public choice.
The outcome of a more intricate electoral system is the national interest, and wisdom is the greatest political virtue. The majority of public choice theorists make the premise that political leaders behave in their own best interests.
Therefore, option A is correct.
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To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask? select three options. what can go wrong? what are my friends buying? how will it affect my social status? what is the likely return? is the risk worth the return?
The practical questions a potential buyer should ask include the following:
What can go wrong? What is the likely return?Is the risk worth the return?Who is a Buyer?This is referred to the individual which purchases the item and normally gives cash to the seller in exchange for the product.
The buyer has to assess risk by making sure what is to be purchased has benefits and won't cause problems.
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Answer:
A, D, E
Explanation:
Mr. Carpenter devotes his working time to producing tables and chairs. An increase in the demand for chairs will result in
Answer:
An increase in his opportunity cost of producing tables
Explanation:
Mr. Carpenter devotes his working time to producing tables and chairs. An increase in the demand for chairs will result in an increase in his opportunity cost of producing tables.
What is demand curve?There has difference between changes in demand and changes in quantity demanded. The entire curve showing the various combinations of price and quantity demanded represents the demand curve. A change in the price of the good does not shift the curve (or change demand) but causes a movement along the demand curve.
The price plays a crucial role in maintaining the supply and the demand chain, as with the decrease in the price, there will be an increase in the demand and this affects the supply chain which is reduced.
The supply has been the practice of the serving commodities in the market, while the demand has been the requirement of the commodity in the market.
Therefore, Mr. Carpenter devotes his working time to producing tables and chairs. An increase in the demand for chairs will result in an increase in his opportunity cost of producing tables.
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Perfecting a skill or pursuing an ambition are examples of which common desired outcome of goal setting? Overcoming something Establishing something Attaining something
Answer:
A: Overcoming Something
Explanation:
To perfect/overcome a skill and or ambition you are overcoming the challenge that is perfecting the activity or ambition.
When designing a supply chain that meets customer requirements and aligns with strategy, what are the two goals that firms try to achieve
The two goals that the firm is trying to achive by designing the supply chain in such a way is:
to be more responsive.to be more efficient.What is a supply chain?This is a network or trade relationship that is formed between makers of a product and suppliers on how to distribute the product.
The goal is to get the product to the market place in a way that it would reach the final buyer.
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Treyvon recently secured a promotion and a raise at work. He starts thinking about buying a house but wonders whether he can truly afford it. In this case, Treyvon is primarily considering the _____ associated with the purchase.
Treyvon is primarily considering the Financial risk associated with the purchase of the house.
What is Financial risk?Financial risk seeves as the vpossibility of losing money thst has been put into an investment or business venture.
This was what Treyvon want to avoid because financial risk is a type of danger that can result in the loss of capital.
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Using the information provided, calculate the direct materials quantity variance. Standard price $3.00 per pound Actual price: $3.20 per pound Actual quantity used: 5,200 pounds Standard quantity allowed: 5,000 pounds
Based on the actual quantity used and the standard quantity allowed, the direct materials quantity variance is $600 Unfavorable.
What is the direct material quantity variance?This can be found by the formula:
= (Standard Quantity allowed - Actual quantity used) x Standard price
Solving gives:
= (5,000 - 5,200) x 3
= $600 Unfavorable
In conclusion, the variance is unfavorable because the standard quantity is lower than the actual quantity.
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While not a direct loss to a venture, underpricing can represent a significant opportunity cost to the venture's owners. Question 3 options: True False
Underpricing can represent a significant opportunity cost to the Venture's owners. The statement given is true.
What is Underpricing?Underpricing refers to an event when a company going for Initial Public Offering(IPO) lists its price below its real value and such stock is said to be underpriced if on the first day of its trading, it closes above the set IPO price.
This relationship leads to an opportunity cost of issuance that eventually becomes stable over time, especially after controlling the features of offer.
Thus,The given statement is true.
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The following data for the Spring Green Garden Supplies Company pertains to the production of 5,000 shovels during March. Direct Labor Standard cost is 10 shovels per hour at $40 per hour Actual cost per labor hour was $42. Actual labor hours were 480. Actual Direct Labor quantity (or efficiency or usage) variance was $800 favorable What is the direct labor price/rate variance?
Based on the standard and actual rates per hour, the direct labor price/rate variance for Spring Green Garden Supplies is $960 Unfavorable.
What is the direct labor price/ rate variance for Spring Green?This can be found by the formula:
= (Standard labor rate per hour - Actual labor rate) x Number of hours worked
Solving gives:
= (40 - 42) x 480
= - 2 x 480
= -$960
In conclusion, the direct labor price variance is $960 Unfavorable.
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Workers typically get dirty if they work at a job site for
both the Construction and Design pathways.
both the Construction and Maintenance pathways.
the Maintenance pathway only.
the Design pathway only.
Answer:
b
Explanation:
B
The gap between the average total cost (ATC) and average variable cost (AVC) curves represents ________ cost.
The gap between the average total cost (ATC) and average variable cost (AVC) curves represents the average fixed cost.
What is the average fixed cost (AFC)?The average fixed cost is the fixed costs of production (FC) divided by the production quantity (Q).
The fixed costs refer to the cost element that does not vary with the units of production but remains fixed in its total amount within the relevant range.
The AFC = ATC - AVC
Where:
AFC = Average fixed costATC = Average total costAVC = Average variable cost.Thus, the gap between the average total cost (ATC) and average variable cost (AVC) curves represents the average fixed cost.
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Which replacement for the underlined phrase is the best way for Matt to improve the accuracy of Samuel’s claim?
There is no underlined phrase.
In an open economy, why is the demand curve for dollars in the foreign-currency exchange market downward sloping?.
When the value of the domestic currency depreciates, domestic goods become less expensive relative to foreign goods, making domestic goods more attractive to domestic and foreign consumers.
Why is the demand curve for dollars in the foreign-currency exchange market downward sloping?The demand curve for dollars in the foreign-currency exchange market shows the relationship between the exchange rate and the quantity of dollars that would be demanded.
There is a negative relationship between the exchange rate and the amount of dollars demanded. This is why the demand curve is downward sloping.
Here are the options of this question:
A. A depreciation in the domestic currency causes exports to fall and imports to rise and, therefore, net exports to fall.
B. A depreciation of the dollar reduces the quantity of dollars demanded in the market for foreign-currency exchange.
C. When the value of the domestic currency depreciates, domestic goods become less expensive relative to foreign goods, making domestic goods more attractive to domestic and foreign consumers.
D. Net capital outflow equals net exports.
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A consumer product is any article, or its component parts, produced or distributed for sale to a consumer:
A consumer product is any article, or its component parts, produced or distributed for sale to a consumer for use.
Who is a consumer?It should be noted that a consumer simply means a person who purchases good and services.
In this case, a consumer product is any article, or its component parts, produced or distributed for sale to a consumer for use.
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What defines, recommends, and sets flexible supply chain strategies based on an organization’s operations and resources?.
The thing that defines recommends, and sets flexible supply chain strategies based on an organization's operations and resources are supply chain optimization.
What do you mean by supply chain strategy?Supply chain strategy management means the involvement in the movement of products or services from suppliers to distributors.
Supply chain optimization aims at ensuring the optimal operations of a manufacturing and distribution supply chain. Supply chain optimization has applications in all the manufacturing industries distributing retail, industrial, and packaged goods.
Therefore, supply chain optimization recommends and sets flexible supply chain strategies based on an organization's operations and resources.
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A local county commissioner is under fire for utilizing an out-of-county florist owned by her daughter to purchase flower arrangements for the county. This was likely seen as: