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3 years ago

Why markets can only supply private goods efficiently?

1 answer:

7 0

Private good is a product and/or service produced by a private business and purchased to increase the utility and/or productivity of the buyer. The majority of the goods and services consumed in a market economy are private goods, and their prices are determined by the market forces of supply and demand. Private goods are both excludable and rivalrous, where excludability means that producers can prevent some people from consuming the good or service based on their ability or willingness to pay and rivalrous indicates that one person's use of a product reduces the amount available for use by another. In practice, private goods exist along a continuum of excludability and rivalry and can even show only one of these traits.

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The following exchange demonstrates which problem-solving technique the issues we are having with the design is similar to the i

levacccp [35]

Answer: Question Assumptions

Explanation:

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3 years ago

If all of your organization's data is centralized in a small number of data centers, than focusing security on perimiter defense

Bogdan [553]

The answer is false.

To stop attacks and secure essential data, defense-in-depth user protection entails a mix of security products (e.g., WAF, antivirus, antispam software, etc.) and training. Multiple security products can be bundled in the same package by a provider providing software to protect end users against cyberattacks.

If one protection fails, another is present to prevent an attack. This deliberate redundancy increases security and helps guard against a broader range of assaults.

Therefore, answer is false.

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1 year ago

William and Charlotte Collins divorced in November of Year 1. William moved out and Charlotte remained in their house with their

musickatia [10]

Answer:

Charlotte has the priority to claim Autumn as her dependent even though William covered 70% of her living expenses during the year. In order for a parent to be able to claim a child as a dependent, he/she must live with the child for more than half the year. In this case, since William left the house, Charlotte has preference over claiming Autumn as her dependent (even though William lived with Autumn for 10 months). Also, a parent always has priority over other relatives including a grandparent.

7 0

3 years ago

QS 11-9 Recording warranty repairs LO P4 On September 11, 2016, Home Store sells a mower for $490 cash with a one-year warranty

prisoha [69]

Answer:

On September 11, 2016, Home Store sells a mower for $490 cash with a one-year warranty that covers parts

Recording of revenue:

Cash $490 (debit)

Revenue $490 (credit)

Recording of Warranty granted :

Assurance Warranty expense $49.00 (debit)

Warranty Provision $49.00 (credit)

$490 × 10% = $49.00

On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $34 in materials taken from the Repair Parts Inventory

When warranty is subsequently received:

Warranty Provision $ 34 (debit)

Repair Parts Inventory $ 34 (credit)

Explanation:

On September 11, 2016, Home Store sells a mower for $490 cash with a one-year warranty that covers parts

Recording of revenue:

Cash $490 (debit)

Revenue $490 (credit)

We Recognise Revenue to depict transfer of control of mower

Recording of Warranty granted :

Assurance Warranty expense $49.00 (debit)

Warranty Provision $49.00 (credit)

$490 × 10% = $49.00

There is no option for customer to take the warranty or not, so this is a service warranty.The warranty is measured at the best estimate of expenditure required to settle the obligation that is at 10% of sales.

On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $34 in materials taken from the Repair Parts Inventory

When warranty is subsequently received:

Warranty Provision $ 34 (debit)

Repair Parts Inventory $ 34 (credit)

Utilise the Warranty Provision when the warranty claim is subsequently received

7 0

3 years ago

Many fast-food restaurants compete on lean business concepts. Match each of the following activities at a fast-food restaurant w

riadik2000 [5.3K]

Answer:

1. C

2. A

3. C

4. A

5. C

6. B

7. B and C

8. C

9. A and B

10. B

Explanation:

A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;

A total quality management (TQM) is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.

Just-in-time (JIT) is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.

A continuous improvement (CI) is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.

1. Total quality management (TQM): Courteous employees

2. Just-in-time (JIT): Food produced to order

3. Total quality management (TQM): Clean tables and floors

4. Just-in-time (JIT): Orders filled within three minutes

5. Total quality management (TQM): Standardized food making processes

6. Continuous improvement (CI): New product development

7. Total quality management (TQM) and Continuous improvement (CI): Customer satisfaction surveys

8. Total quality management (TQM): Standardized menus from location to location.

9. Continuous improvement (CI) and Just-in-time (JIT): Drive-through windows.

10. Continuous improvement (CI): Continually changing menus.

8 0

3 years ago