Answer: C. Reduced costs is not a benefit of teamwork in an organization.
Explanation: Even though teamwork and cohesiveness is important is not necessarily cheaper than individuals working. Instead of individuals working on separate tasks and getting them accomplished, they are putting all of their efforts together. The cost wouldn't be cheaper they would just be more efficient.
Answer: market power is greatest in industry C.
Explanation:
The Herfindahl–Hirschman Index, is the measure of market concentration. It is calculated by squaring the market share of every firm that is competing in the market after which the resulting numbers will be added.
A market that has an HHI of less than 1,500 is said to be a competitive marketplace. A market that has an HHI of 1,500 to 2,500 is said to be moderately concentrated while a market that has an HHI of 2,500 or more is said to be highly concentrated. Therefore, the industry with the highest Herfindahl indexes here is industry C with 5000 and it has the most market power.
Answer:
Pure Franchise
Explanation:
A Pure franchise can be defined as the way in which franchise made available all the necessary and important document which the franchisee will need such as the complete business format , trade name licence, the types of product or goods to be sold, the marketing strategy to use as welll as the type of method of operation to follow and use among others.
In addition PURE FRANCHISE may as well include the actual amount or cost for the start upstart, franchise fees as well as their growth history.
All this procedure are what the franchisor use to sells the complete business format as well as the system of their product to the franchisee in which the franchisee must adopt as well.
Therefore McDonald's is an example of a PURE franchise.
Answer:
a. $800
b. $1,000
Explanation:
In this case, the opportunity cost of holding the money instead of buying a U.S. Treasury bond is determined as the yearly interest payed by the bond.
a. interest rate = 8%
The opportunity cost of keeping the $10,000 is:
b. interest rate = 10%
The opportunity cost of keeping the $10,000 is:
Answer:
an inflationary increase in the price level.
Explanation:
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country.
In order to boost economic growth, a monetary policy is implemented to increase money supply (liquidity). Also, it is used to prevent inflation by reducing money supply.
An inflationary gap, also referred to as an expansionary gap in economics, is typically used for measuring the difference between the gross domestic product (GDP) and the current level of Real Gross Domestic Products that exists when a country's economy is gauged at a full employment rate. Consequently, this situation causes the price of goods and services to go up with a low income level among the people living in the country.
A budget deficit is the amount by which spending exceeds income.
All other factors held constant or all things being equal (ceteris paribus), an increase in government's budget deficit drives the interest rate up.
Generally, when there's a deficit in government budget, they resort to issuing more bonds or borrowing money from creditors. These creditors are likely to be sceptical about the government's ability to repay the debt and as such would increase the interest rate.
Hence, an inflationary increase in the price level of goods and services is not much of a danger if the U.S. economy is producing at a level that is substantially less than potential gross domestic product (GDP) and the aggregate demand is being increased by government's budget deficits.
