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Viefleur [7K]
1 year ago
13

Think of a scene from a popular movie that shows an involuntary exchange (where a buyer or seller is forced to participate). Ide

ntify the movie and explain how the scene would be different if it were a voluntary exchange.
Business
1 answer:
saul85 [17]1 year ago
7 0

A scene from a popular movie that shows an involuntary exchange (where a buyer or seller is forced to participate) could be in Star Wars, where it fictionally demonstrates the conquest of different planets and galaxies by force, through theft, destruction and violence.

If the exchange were voluntary, the negotiation would take place in a way that is beneficial to both the buyer and the seller, where each would be involved in a legal and ethical agreement to carry out a transaction.

<h3 /><h3>What is the benefit of voluntary exchange for the economy?</h3>

It assists in the positive development of the market, as voluntary exchange ensures that buyers and sellers benefit from an exchange process, which is an essential principle for the global free trade system.

Therefore, voluntary exchange must be promoted in the world economy, where nations exchange resources in ways that benefit local economic development.

Find out more about voluntary exchange here:

brainly.com/question/26349405

#SPJ1

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The pension plan was amended last year, creating a prior service cost of $20 million. Service cost and interest cost for the yea
Roman55 [17]

Answer:

Pension expense$ 10

Explanation:

($ in millions)

Service cost $10

Interest cost $4

Expected return on the plan assets(6)

Amortization of prior service cost 2

Amortization of net loss (gain) 0

Pension expense$ 10

Therefore the total pension cost for the year is $10,000,000

Amortization of prior service cost $20 ÷10 years = $2

8 0
3 years ago
Dan has been directed to study the forces close to a company that affect its ability to serve its customers, such as the company
timofeeve [1]

Answer:

The correct option is Micro-environment

Explanation:

Micro economic environment study involves examining those business stakeholders that the business interact with in its immediate business environment such as  those from the upstream supply side like the suppliers,banks,the downstream demand side such as customers  as well as rival firms and the general public.

Macro economic analysis on the other hand encompasses looking at the economy as a whole in terms of political factors,the impact the business has on the country gross domestic product and many more.

3 0
3 years ago
Net present value is ______. used to determine if a project is an acceptable capital investment the difference between the prese
KATRIN_1 [288]

Answer: the difference between the present value of cash inflows and present value of cash outflows

Explanation:

The value of money is always changing and usually for the worst. Inflation means that $1 today is not worth $1 in a year's time. This poses a risk to investors who want to make profit and can't do that if they do not cater for inflation or the loss of value in their profit estimations. This is where Net Present Value comes in.

NET PRESENT VALUE works by subtracting the present value of Cash Outflows ( investment) from the present value of Cash Inflows (Revenue).

To do this, a DISCOUNT RATE is used which is essentially a value that people believe the currency involved will reduce by going forward. This Discount Rate equates the value of money in the future to it's value now.

Once that is ascertained, a proper comparison can be made to see if the investment is worth it.

7 0
3 years ago
After September​ 11, 2001, the federal government increased military spending on wars in Iraq and Afghanistan. Is this increase
otez555 [7]

Answer:

No

Explanation:

Although the Fiscal policy includes the detail of government revenue collection and its spending and military budget is allocated in the budget as part of the policy, however after the incident of 9/11, the increase in military spending (including spending on wars in Iraq and Afghanistan) was designed to achieve homeland security objectives.

White House designated the Office of Homeland Security to oversee and coordinate a comprehensive national strategy to safeguard the country against terrorism and respond to any future attacks.

4 0
3 years ago
Providing an analysis for a company regarding adding a particular product line, retracting sales markets, or dealing with risks
Irina18 [472]

Answer:

The answer is true.

Explanation:

The managerial accounting must do:

-planning and desition support.

For example, fully absorbed and incremental costing, adaptive operation and cost-based planning, product process channel and customer strategic adaptatios, enterprise optimization.

-Performance evaluation and analysis.

Assessment of current strategy and plans, integrated cost operational performance measures, profitability reporting, process analysis.

4 0
3 years ago
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