The wage differences that reflect the fact that some jobs are less pleasant than others are called compensating differentials.
Define compensating differentials.A compensating differential, also known as a compensating salary differential or an equalizing difference, is the additional revenue necessary to persuade a person to accept a certain unfavorable job in comparison to alternative jobs that the worker may perform.
The higher remuneration that logging businesses give their employees because of the nature of their labor is an example of compensation differentials. Compensation wage differentials are created to make up for nonwage employment features, such as how "pleasant" or "unpleasant" a job is, for workers. - If a job is unpleasant, the company will likely need to pay more to entice personnel, and vice versa.
To learn more about compensating differentials, refer to:
https://brainly.com/question/15998209
#SPJ1
1. on each journal page, the date is written (a) for each entry. (b) only for the first entry. (c) on the first line of each column. (d) none of these.
On each journal page, the data is written for each entry.
The date, the account name and number, the amount debited and credited, the transaction's reference number, and any additional information that should be recorded alongside the transaction are all listed in columns on an accounting journal page.A detailed account of all the financial actions of a corporation is kept in a journal. It is used to transfer data to other formal accounting records, such as the general ledger, and for account reconciliation in the future.Among them are the cash disbursements diary, the purchasing journal, the cash receipts notebook, and the sales journal. There could be more specialized journals. However, since the four accounting fields represented by these journals cover the majority of accounting transactions, additional journals are often not required.Thus the correct option is A.
To learn more about Journal page, refer: https://brainly.com/question/14279491
#SPJ1
how do affirmative action programs allow admissions committees to use racial diversity in their decision to admit a student to a university? committees can admit students solely based on their race. they mandate that 10 percent of all admissions must be of non-white students. they allow committees to discriminate against white applicants. racial diversity can be one factor in their decision process.
Affirmative action programs allow admissions committees to use racial diversity in their decision to admit a student to a university as racial diversity can be one factor in their decision process.
So, the correct option is D.
Increased representation of women and people of color is the goal of affirmative action policies. This might refer to workplace rules that encourage the hiring of underrepresented groups. It may entail giving disadvantaged individuals more weight while considering college admissions. To put it another way, affirmative action is still relevant today. It genuinely aids pupils of color, whose socioeconomic situation is still inferior to that of white students.
Intergenerational mobility has positively increased. And it positively broadens the range of viewpoints on campus. According to the definition of affirmative action, it is a collection of policies created to end unlawful candidate discrimination, address the effects of that discrimination in the past, and prevent it from happening again. Applicants could be trying to get into a school or looking for a job in their field.
Learn to know more about affirmative programs on
https://brainly.com/question/10046674
#SPJ4
a staffing management plan addresses all of the areas below except: a. how to identify potential internal and/or external human resources for the project. b. how to determine the availability of the internal and/or external human resources for the project. c. how to decide timing issues with regard to building up, developing, rewarding, and releasing the project team. d. how to record resource assignments in a project scheduling tool such as ms project.
A staffing management plan does not address timing decisions regarding the training, development, reward, and release of the project team. The alternative c is correct.
What is a staffing management plan?It corresponds to the organization and definition of the course of action that will be implemented so that the human resources department of a company can train and develop employees so that they increase their work performance so that organizational objectives and goals can be achieved.
In relation to the question, the other alternatives are relevant parts of a personnel management plan, such as identifying, determining availability and recording resource assignments in case this plan is developed for a specific project.
Therefore, the issue of defining time issues is usually a complex task, as externalities and risks associated with a project arise that are a challenge for the manager, such as meeting the project schedule.
Find out more about staffing management plan on:
https://brainly.com/question/28072798
#SPJ1
According to the coase theorem, which situation would most likely result in a private bargaining solution and yield an efficient market?.
The Coase theorem states that when externalities are present, the private market will require government intervention to provide an efficient result.
The Coase Theorem is what?According to the Coase Theorem, granting property rights can mitigate harmful externalities in some situations. A Forrester might manage their forest, for instance, to ensure its lifespan and safeguard it from fires. The ability to sell logs in upcoming years is an incentive to do this.Ronald Coase, an economist, first proposed the Coase theorem in his 1960 paper, "The Problem with Social Cost." He demonstrates how conflicting property rights can lead to ineffective economic outcomes. Uncertainty about property rights might lead to disagreements.Where a company might pollute a river is one such instance of the coase theorem. Conversely, people who gain from strolling past the river and taking in the scenery experience a negative externality. The river could contain bottles and other objects that are unpleasant. The right to the river does not belong to either the company or the person. What happens has a negative impact on the person crossing the river.To Learn more About Coase theorem refer to:
https://brainly.com/question/6286541
#SPJ4
t was treated for an ailment 2 months prior to applying for a health insurance policy. this condition was noted on the application and the policy was issued shortly afterwards. how will the insurer likely consider this condition?
The insurer will treat this condition as a pre-existing condition.
What are health insurance policies?Health insurance policies are described as a form of a contract that is formed between a consumer and a company. The company or the insurer agrees that it will pay some of the healthcare costs provided that the customer pays his annual or monthly premium. It is important to mention that the insurer provides medical coverage, and it includes surgical expenses and other medical costs.
In this scenario, T got treatment for an ailment 2 months before he applied for a health insurance policy. This treatment for an ailment or the ailment itself will be treated by the health insurer as a pre-existing condition. Furthermore, there will a minimum waiting period for which he could not claim any medical coverage.
It can be concluded that the insurer will treat this condition as a pre-existing condition.
To know more about health insurance policies, check this link:
https://brainly.com/question/1941778
#SPJ4
you are the owner of a comfort inn and would like to hire a new general manager. in terms of preventing possible agency problems, what should you include in your offer? a. profit sharing b. a fancy office with a private secretary c. a 37-hour workweek d. a very high fixed salary
You wish to appoint a new general manager at your Comfort Inn. You ought to offer profit sharing as a way of avoiding potential agency issues.
A retirement plan known as a profit-sharing plan allows employees to participate in the company's profits. An employee is given a portion of a company's profits under this kind of plan, also known as a deferred profit-sharing plan (DPSP), based on its quarterly or yearly results.
If employee A earns $100,000 and employee B earns $200,000, the comp-to-comp approach will be used. The business decides to distribute 20% of its yearly revenues to its workers. The business made $500,000 in revenue.
Employers who are having cash flow problems may find a profit-sharing plan to be a useful solution. Employers are free to alter the amount of their annual contributions. Businesses, especially small business owners, can reduce their corporation taxes. Plans are adaptable by nature.
To learn more about profit sharing
https://brainly.com/question/22441733
#SPJ4
the university of iowa runs a series of ads throughout the midwest on how friendly and helpful its faculty, staff, and students are as well as how outstanding its academic programs are. this type of promotion would best be characterized as
This type of promotion would best be characterized as institutional advertising. Rather than advertising a specific product or service, institutional advertising promotes the university.
Rather than advertising a specific product or service, institutional advertising promotes an institution, business, or kind of item so that people have a favorable opinion of it. It is a type of promotion.
Institutional advertising can increase brand awareness by increasing brand exposure. The greater your brand awareness, the more people will be acquainted with your product and brand.
Learn more on institutional advertising-
https://brainly.com/question/15727939
#SPJ4
kit kat is a candy bar that is sold around the world. but kit kats are not the same in every geographic location. in japan, for example, you can buy green tea and sweet potato kit kats. in england, you can buy hazelnut kit kats, and in the united states, you can buy big kats, or larger versions of the candy. each country is seen as having their own unique culture, and therefore their own need for special products. what kind of worldview would you say kit kat has? geocentric polycentric ethnocentric regiocentric
Kitkat has taken a polycentric approach to selling candy bars in different parts of the world
The company offers products that are specially suited for the local market and adjusts its marketing strategy accordingly. The key to successfully marketing the product in that nation is to respect its values. The antithesis of ethnocentrism is this strategy. With this strategy, the company typically assumes that the international market is unique from the home market. For instance, Pizza Hut sells sweet potato-stuffed crusts in South Korea and squid and seaweed on its pizzas in Japan to cater to local tastes. The company thoroughly respects the nation's values, including its culture, religion, and customs.
Learn more about polycentrism:
https://brainly.com/question/20715897
#SPJ4
where would you inspect in service processes? a incoming purchased materials and supplies b personnel c service interfaces d outgoing completed work e all of the above
The service processes would be inspected by the service interfaces of the product recieved in the firm.
What is service processes and how can it be inspected by service interface?Service processes are all that include determining procedures which contribute to the process of selling and buying.An undertaking of an employee working for an organization is the personnel .Here in the question is asked where the in service processes would be inspected.A service interface is a set service to entertain the in service processes of recent and coming records.Hence the in service processes would be inspected by the service interface.To know more about service process visit:
https://brainly.com/question/27960640
#SPJ4
organizational determinants relate to the internal environment, including the structure, culture, size, and complexity of the organization. group of answer choices true false
Organizational determinants are factors that affect the internal environment of an organization, such as its structure, culture, size, and complexity. true. According to social loafing, participation in a task will boost performance if it is simple or well-learned.
What are the five requirements for effective teams?What are the five requirements for a successful team? Being a true team rather than a team in name only, having a motivating direction, having an enabling structure, keeping a supportive organizational setting, and having professional coaching are all necessary.
The Seven Qualities of Effective Teams
Clear Expectations are number one.
2) The Value of Selflessness in Collaboration.
3) Many Views, One Objective.
4. Promote Free and Open Communication.
5) The Importance of Flexibility.
6) Innovation is sparked by constructive conflict.
7) Numerous Voices, One Message
Three criteria were suggested by Hackman for measuring team effectiveness: output, cooperation, and member development. These standards still hold true, and we advise leaders to utilize them to calibrate their teams over time.
To learn more about 'requirements for effective' refer to
https://brainly.com/question/16598884
#SPJ4
harrison is retiring from a local bakery that has been in his family for four generations. because he does not have an heir to whom he can pass the bakery, he is selling it to a young couple. when they meet to discuss the transfer of the business, what are some things that harrison should share with the new owners about the success of his business?
Harrison should share the culture of the company through stories, rites, and rituals.
This will indicate to the new owners the work culture that has been adopted at the company and how competent are the employees.
Hearing the pride in Harrison's voice for the success that has been achieved at the company would give confidence to the new owners that they can also run a profitable business like him.
The young couple would feel more comfortable in their decision to buy the bakery.
Company culture is the way you do what you do within the administrative center.
It's the sum of your formal and informal systems and behaviors and values, all of which create an experience for your personnel and clients.
In its middle, corporation subculture is how matters get performed around the place of the job.
Learn more about the company here: https://brainly.com/question/26106218
#SPJ4
if atlantis and zanadu specialize based on comparative advantage and trade, would they be able to gain from trade if the terms of trade are 1 helmet for 3 baseballs? explain.
Assume that Atlantis and Zanadu both manufacture baseballs and helmets. Atlantis can create 1 helmets or 3 baseballs with the same resources, but Zanadu can produce 1 helmets or 6 baseballs.
How are baseball helmets decorated?Players use pine tar, a sticky material, to their bats to lessen bat sliding. When they adjust their batting gloves, the goop gets on them and is then transferred to their helmets. Players like Cabrera who continuously alter their helmets leave more debris on them. (a) While running the bases and at bat, all players are required to wear a protective helmet of some kind. (a) While at bat, every player in National Association Leagues is required to wear a double ear-flap helmet. (c) A single ear-flap helmet is required for all Major League players (or, at the player's discretion, a double ear-flap helmet).
To learn more about 'baseball helmets' refer to
#SPJ4
which of the following statements regarding the flow of information from the adjusted trial balance on the end-of-period spreadsheet is true? a.the revenue and expense account balances flow into the statement of owner's equity. b.the asset and liability account balances flow into the statement of owner's equity. c.the revenue and expense account balances flow into the income statement. d.the owner's equity and drawing account balances flow into the balance sheet.
True statements regarding the flow of information from the adjusted trial balance are that the revenue and expense account balances flow into the income statement.
An adjusted trial balance is produced after any adjustments, and it displays the balances of the general ledger accounts. These adjustments frequently include depreciation, prepaid charges, accruing costs, and other non-cash expenditures.
The transactions a business makes throughout a single accounting cycle are recorded on an adjusted trial balance sheet. This can be done by collecting the balances of each account and eliminating information about transactions that didn't happen during the accounting cycle.
Despite the fact that the adjusted account balances will be included in the financial statements, the adjusted trial balance is not a financial statement. Both the adjusted trial balance and the unadjusted trial balance must have total debit balances that are equal to the total credit balances.
Learn more about adjusted trial balance here:
https://brainly.com/question/13927466
#SPJ4
according to karl marx, in a capitalist economy, what type of alienation is a worker experiencing when the worker is forced to work for someone else and makes money for the owner of the workplace?
According to alienation, the worker is forced to work for someone else and makes money.
What is the theory of alienation ?
The method of making a worker feel alien to the results of their own effort. One may put their subjectivity into an object and even take pleasure in the fact that someone else enjoys their invention, therefore creating commodities need not result in alienation and can even be quite gratifying. The proletariat works in order to live, to obtain the very means of life, which he can only achieve by selling his labor to a capitalist for a wage (as if his labor were itself a property that can be purchased). In capitalism, the worker is exploited in this way: he does not work to create a product that he then sells to a real person.
Because the worker no longer owns the product, the worker feels alienated from it. Instead, the product now belongs to the capitalist, who bought the proletariat's labor force in return for exclusive control over the proletariat's goods and any profit generated by their sale.
To learn more about Karl Marx click :
https://brainly.com/question/2283863
#SPJ4
the introduction of efficiency-boosting winglets on aircraft at southwest airlines, and the adoption of automatic mail-sorting machines by the u.s. postal service are examples of:
The introduction of efficiency-boosting winglets on aircraft at southwest airlines, and the adoption of automatic mail-sorting machines by the u.s. postal service are examples of reverse innovation.
What is Reverse innovation?Reverse innovation can be described a the one of the innovation process that is been used in most of the developing as well as the underdeveloped nation which involves the process in which the goods are been developed as inexpensive models so as to be able to meet there needs and make life not to be unbearable for them by reducing the price that they are selling it.
Read more about innovation at:
https://brainly.com/question/19969274
#SPJ1
In the ________ activity of scm, supply chain managers develop processes for managing their goods and services inventory, including receiving and verifying shipments, transferring the shipped materials to manufacturing facilities, and authorizing supplier payments.
Supply chain managers develop processes for managing their goods and services inventory in the source activity of SCM, which includes receiving and verifying shipments, transferring shipped materials to manufacturing facilities, and authorizing supplier payments.
What is supply chain?A supply chain is a network of facilities that acquire raw materials, process them into intermediate goods, and then deliver finished goods to customers via a distribution system. A supply chain is a networked system of organizations, activities, information, and resources that source, produce, and transport goods from their point of origin to their final destination typically from a supplier to an end customer. Modern supply chains are frequently extremely complicated, spanning multiple countries and involving numerous steps. The practice of coordinating the various activities required to produce and deliver goods and services to a company's customers is known as supply chain management. Designing, farming, manufacturing, packaging, and transportation are all examples of supply chain activities.To learn more about supply chain, refer to:
https://brainly.com/question/27336068
#SPJ4
if the residence is rented for fewer than 15 days in a year, it is treated as a personal residence . the rent income is excluded from gross income, and mortgage interest and real estate taxes are allowed as
You are not required to report rental income on your tax return if you rent the house for less than 15 days during the taxable year.
And the only deductions permitted are those that you would be permitted as a homeowner.Specifically, you can only deduct mortgage interest and real estate taxes (or, if applicable, casualty losses).
What is most commonly rented?
Primarily for Rent. The residence is considered rental property if it is rented for at least 15 days per year and is not used for personal purposes for more than the greater of (1) 14 days or (2) 10% of the total days rented.
Learn more about rented here:
https://brainly.com/question/6034138
#SPJ4
what type of analytics takes past purchasing data as inputs into a model that recommends the best pricing strategy across all flights allowing an airl
prescriptive analytics is the answer .
What is prescriptive analytics ?
The technique of analyzing data to decide on the best course of action is known as prescriptive analytics. This kind of analysis results in suggestions for the following stages by taking into account all pertinent aspects. Prescriptive analytics is a useful tool for data-driven decision-making as a result.
Prescriptive analytics frequently use machine-learning algorithms to process enormous volumes of data more quickly—and frequently more effectively—than people. Algorithms search through data and offer suggestions depending on a particular set of requirements using "if" and "else" expressions. For instance, the algorithm may suggest extra training if at least 50% of customers in a dataset indicated that they were "extremely dissatisfied" with your customer support staff.
to learn more about Prescriptive analytics click :
https://brainly.com/question/28151052
#SPJ4
if a stock has a beta greater than 1.0, then its expected return a. will be 0. b. is greater than the market portfolio. c. is the same as the market portfolio. d. is less than the market portfolio.
(b) Greater than the market portfolio.
This is because in a market, beta greater than 1.0 will tend to produce above-average returns - but will also produce larger losses in a down market.
What is the portfolio ?
Portfolio is the collection of wide rages of assets that are owned by investor. the Portfolio collection includes financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). People generally believe that stocks, bonds, and cash comprise the core of a Portfolio.
What are the components of a Portfolio?
Components of a Portfolio
Stocks. Bonds. Alternative Investments.To learn more about Portfolio from the given link
https://brainly.com/question/17173350
#SPJ4
the income statement for abc company shows gross profit of $144,000; operating expenses of $130,000; and cost of goods sold of $216,000. what is net sales revenue?
According to the income statement for the ABC Company, operational costs were $130,000, cost of goods sold was $216,000, and gross profit was $144,000. $360,000 is the net sales income.
What is net sales revenue?Net sales are your entire sales revenue minus allowances, discounts, and refunds. Your profits are your net income. After deducting all costs and adding any non-sales revenue, it equals your net sales.
To answer the preceding query, use the following formula:
Net sales revenue - Cost of goods sold = Gross profit.
Net sales revenue = Gross profit + Cost of goods sold
$144,000 + 216,000 = $360,000
Learn more about net sales revenue: https://brainly.com/question/28330667
#SPJ1
assume that a hypothetical economy with an mpc of .8 is experiencing severe recession. by how much would government spending have to increase to shift the aggregate demand curve rightward by $25 billion? how large a tax cut would be needed to achieve the same increase in aggregate demand? why the difference? determine one possible combination of government spending increases and tax decreases that would accomplish the same
According to given situation, the government spending must be increase by $5 billion and the tax cut should be $6.25 billion to achieve increase in demand.
Given information:
Marginal propensity to consume (MPC) = 0.8
Spending multiplies formula = 1/(1-MPC)
= 1/ (1-0.8)
= 5
Government spending must therefore increase by $5 billion in order to shift the aggregate demand curve to the right by $25 billion.
To boost aggregate demand by $25 billion, starting spending must shift by $5 billion. The following expression can be used to estimate how much tax relief is required to boost consumption by $5 billion.
Marginal propensity to consume (MPC) = 0.8
Expenditure (consumption) = $5 billion
Let assume income be Y,
Marginal propensity to consume (MPC) = Consumption/Y
Y = $5 billion/ 0.8 = $6.25 billion.
So, the tax cut needed by government is $6.25 billion.
Possible combination of government spending and tax decrease-
Following are some ways that a $5 billion tax break would boost consumption:
Consumption is equal to MPC times a tax reduction.
0.8 * $5 billion = $4 billion
A $5 billion tax deduction will therefore result in a $4 billion rise in private consumption.
Government spending must be expanded to meet the outstanding initial spending required to alter the aggregate demand curve by $25 billion.
The difference between the price tax-induced consumption rises and $5 billion (that might change AD by $25 billion) introduces various government spending:
=$5billion - $4 billion
=$1 billion
Learn more about marginal propensity to consume (MPC) here:
https://brainly.com/question/19089833
#SPJ4
at an interest rate of 10% per year, the length of time required from time zero to recover an initial investment of $10,000 by receipts of $1,000 per year beginning in year three is nearest to: a) 10 years b) 20 years c) 100 years d) never
Initial investment can never be recovered.
Let the present value of a regular perpetuity be = pv
Annual cash flow = cf = $1,000
Interest rate = r = 10
If the initial payment begins in one year, then the present value of the regular perpetuity will be -
PV = CF/r
PV = 1,000/0.1
PV = 10,000
Therefore,
The flow of infinite payments beginning next year is equivalent to $10,000.
However, if the payment begin in third year, the first two payments will be missing and the present value of deferred payments can never be equal to $10,000.
Thus, initial investment can never be recovered.
Read more about present value on:
https://brainly.com/question/20813161
#SPJ4
when companies use the logic of moral universalism and impose their views on the rest of the world, occurs. group of answer choices cultural imperialism ethical convenience none of the above ethical divergence
When companies use the logic of moral universalism and impose their views on the rest of the world, occurs, it is called cultural imperialism.
What is cultural imperialism?In the context of ethics or sociology, when a community that is economically or politically dominant imposes its culture on other communities that are non-dominant is called cultural imperialism. It is important to mention that one dominant culture can impose another political, economic, social, or cultural system on another culture.
In this scenario, if a company is almost operating in a market or an industry as a dominant player, it can impose its values and cultures on the other non-dominant systems. Hence, imposing a moral universalism will be considered an act of cultural imperialism.
It can be concluded that, when companies use the logic of moral universalism and impose their views on the rest of the world, occurs, it is called cultural imperialism.
To know more about, cultural imperialism, check this link:
https://brainly.com/question/510352
#SPJ4
goods and service features and performance characteristics that differentiate one customer benefit package from another and win the customer's business are called .
In marketing, the goods & service features and performance characteristics that differentiate one customer benefit package from another and win the customer's business are called an order winners.
What is an order winners?In marketing, an order winners refers to those variables which permit differentiating the company from competitors while an order qualifiers are the prerequisites for engaging in a transaction. This view of orders can be seen as a unifying approach between the operations management and marketing
Going forward, the order winners are seen as a competitive advantages such as quality, delivery speed, reliability, product design, flexibility and image that cause a firm's customers to select that company's products or services. The order winner is the main reason why customers purchase a company's product. For instance, the Shine family vacations at Lake Tahoe for prestige and quality while they order all of their products from Pramazon for quick delivery speed.
Read more about order winners
brainly.com/question/15006818
#SPJ1
due to a recession, expected inflation this year is only 2.75%. however, the inflation rate in year 2 and thereafter is expected to be constant at some level above 2.75%. assume that the expectations theory holds and the real risk-free rate (r*) is 1.5%. if the yield on 3-year treasury bonds equals the 1-year yield plus 1.0%, what inflation rate is expected after year 1? round your answer to two decimal places.
The inflation rate in year 2 and thereafter is expected to be constant at some level above 2.75%.
Yield on 1 year trasury bond: r1=4.25+3.5 = 7.75%
Now, yield is r3 = 7.75+1.5 = 8.25%
r3=r*+inf
8.25=3.5+inf
inf=4.75%
4.75 = (4.25+i+i)/3
14.25 = 4.25 +2i
2i = 10
i = 5%
Inflation expected after year 1 is 5%
The computation of the inflation rate is expected after Year 1 is shown below:-
the Yield on year 1 treasury bond
Let us assume the inflation rate be I
r1 = risk free rate + Inflation rate
= 2.5% + 2.25%
= 5.75%
r3 = r1 + 0.50%
= 5.75% + 1.50%
= 7.25%
Now,
r3 = risk free rate + IP3
= 7.25% = 2.5% + IP3
IP3 = 4.75%
Year 1 Inflation = 4.75%
Year 2 Inflation = I
Year 3 Inflation = 2
So, inflation rate is expected after Year 1 = (3.25% + I + I) ÷ 3 = 4.75%
(3.25% + I + I) = 14.25%
2(I) = 11%
I = 5.5%
answer is 5.5%
Learn more about Inflation rate hear :
https://brainly.com/question/17647835
#SPJ4
late entrants who come into the market at maturity must try to take a share of an already saturated market. they attempt to do this by investing heavily in . multiple choice question. promotion staffing distribution buildings
If late entrants who come into the market at maturity must try to take a share of an already saturated market. they attempt to do this by investing heavily in promotion.
What is promotion?Promotion can be defined as a form of marketing strategy that is used to create awareness about a new product or already existing product so as to attract potentials customers.
Market saturation tend to occur in a situation were a product is higher than what was demanded in the market and this can sometime affect manufacturer of the product as the may find it hard to increase their revenue.
Therefore the correct option is A.
Learn more about promotion here: https://brainly.com/question/11131986
#SPJ1
which is not true regarding differences between goods and services? a. services tend to be more knowledge-based than goods b. services are generally produced and consumed simultaneously; tangible goods are not c. goods tend to have higher customer interaction than services d. research and development, finance/accounting, and purchasing
Goods tend to have higher customer interaction than services, is not true regarding differences between goods and services.
In economics, goods are those that fulfill human needs and offer usefulness, such as to a customer buying a pleasant product. It is usual practice to distinguish between transferable products and non-transferable services.
A good is referred to as a "economic good" if its demand outweighs its supply and it requires human effort to achieve. Free things, however, like air, are always available and don't require any intentional effort to obtain. Private goods are items that people possess and use on a daily basis that are unrelated to food, such as televisions, couches, wallets, cell phones, and nearly anything else.
Learn more about customer interaction here
https://brainly.com/question/4068936
#SPJ4
Select the correct answer. what allows consumers to receive goods and services in a non-price rationing system? a. consumer’s ability to pay b. first-come, first-served c. free of cost d. lottery
d. lottery allows consumers to receive goods and services in a non-price rationing system.
A customer is a person or a collection who intends to reserve, or uses bought goods, products, or offerings in the main for private, social, own family, household and comparable needs, who isn't without delay related to entrepreneurial or enterprise activities.
A patron is the one who purchases the product for his/her own want and uses or consumes it. A client cannot resell the best, services or products but can consume it to earn his/her livelihood and self-employment. Definition of patron. The consumer is the one who is the stop-consumer of any items or offerings.
Learn more about consumers here:https://brainly.com/question/380037
#SPJ4
state materials, inc. changed from the fifo method of costing inventories to the weighted average method during 2021. when reported in the 2021 comparative financial statements, the 2020 inventory amount will be:
Depending on how prices develop during 2021, there will either be an increase or decrease.
What is the FIFO method of inventory valuation?First in, first out (FIFO) is an uncomplicated approach of inventory valuation based on the presumption that commodities acquired or created first are sold first. This implies that older inventory is distributed to customers before fresh inventory, in theory. Even if there have been recent changes in expenses, the cost of goods sold (COGS) of the oldest inventory is used to assess the value of ending inventory.
You must determine COGS at the conclusion of the accounting period or fiscal year because ecommerce inventory is regarded as an asset. Your balance sheets and inventory write-offs are impacted by ending inventory value. Recent merchandise often costs more than older inventory due to inflation.
To know more about, FIFO method, visit :
https://brainly.com/question/17924678
#SPJ4
The complete question is given below :
State Materials, Inc. changed from the FIFO method of costing inventories to the weighted average method during 2021. When reported in the 2021 comparative financial statements, the 2020 inventory amount will be:
Decreased.Increased.Increased or decreased, depending on how prices changed during 2021.Unaffected.the entry to record the purchase of inventory on account causes . multiple choice question. a decrease in assets and stockholders' equity an increase in assets and liabilities a decrease in one asset and an increase in another asset an increase in assets and decrease in stockholders' equity
The entry to record the purchase of goods on account is what results in the purchase of inventory being recorded. Journal entry for an acquisition of stock The first inventory purchase is being processed by the accounts payable system.
The corporation can create a journal entry for an inventory purchase under the periodic method by debiting the purchase account and crediting either the accounts payable or the cash account. The balance of the purchase account is typically on the debit side because it is a temporary account.
At the end of the time period, it will be utilized to calculate the cost of items. Therefore, it is important to accurately record journal entries for purchases, processing, and sales in order to account for inventory. To balance the financial statistics and maintain track of firm inventories.
To know more about Journal entry click here:-
https://brainly.com/question/20421012
#SPJ4
