Answer:
It contributes to political and civil freedom, in theory, since everybody has the right to choose what to produce or consumer. It contributes to economic growth and transparency. It ensures competitive markets.
Answer:
1,708 Unfavorable
Explanation:
Revenue Variance = Budgeted Revenue - Actual Revenue, and where actual revenue is less than standard revenue, then variance will be unfavorable.
Note: The variance is calculated for revenue and not the net profit, because both are different terms.
Budgeted = 3,100 tenant days
Actual = 3,120 tenant days
Revenue Budgeted for actual tenant days = $34
3,120 = $106,080
Less: Actual Revenue = $104,372
Since Standard revenue is more than actual revenue, the variance will be unfavorable = $106,080 - $104,372 = 1,708 Unfavorable
The first step in the design process is to find out as much as you can about the organization.
It is not possible to design something for a company if you do not know what will work for the company and what will not.
This is why the first step in the design process is to find out as much as you can about the company in question which in this case is Harrison and Associates.
Some questions you can ask Harrison and Associates include:
- their goals and visions
- the sophistication of the computers they have and what it can take
- the software their computers are capable of running
- the type of security system and safeguards they will need
These will help you determine what kind of systems they need so that you can go about finding ways to satisfy these needs.
In conclusion, the first step of the design process is very important because that is where you find out exactly what the client wants so that you can do what you can.
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Answer:
a. 1. You would want the regulatory boards to see more competition, so you would argue that the relevant market is all toys, which is as broad as possible. This would make it less likely that the merger would violate merger guidelines.
b. 2. You would want to use the narrowest definition of the market, which would be dolls. This would make it more likely that the merger would violate merger guidelines.
Explanation:
a. In order to avoid anti-trust laws, it would be best that Mattel convinces the authorities that the relevant category is all toys not just a subsection. This will show that the toys made by the new company would have a lot of competition from other toy makers across the board which would reduce their chances of being a monopoly and violate merger guidelines.
b. As the bid is unsolicited, Hasbro might want to defend against it. In which case their strategy should be the exact opposite of that of Mattel and they should try to convince the regulatory boards that they would be in the narrowest of markets which would be dolls. This would mean that the merger has a strong chance of leading to a monopoly and would violate merger guidelines.