Answer:
This is a form of artificial monopoly.
Explanation:
In artificial monopoly a large firm exists with smaller firms in the same market. The large firm does not have a comparative advantage in production efficiency bit still drives the competition out of business.
Large firms use restrictive measures that prevents new form from entering the market. The other type of monopoly is the natural monopoly.
Having exclusive rights to open a MacDonald's in the Carribean where you can construct as many locations as you want is called artificial monopoly. The firm has successfully barred other firms from opening a MacDonald's in the Carribean.
Answer:
Alternative A= $1570
Explanation:
Giving the following information:
It has three choices:
(a) Refurbish the old equipment for $800.
Materials and labor= $1.10 per board.
(b) make major modifications for $1,100
Materials and labor= $0.70.
(c) purchase new equipment at a net cost of $1,800.
Variable costs= $0.40.
Q= 700
Alternative A= 800+1.10*700= $1570
Alternative B= 1100+0.70*700= $1590
Alternative C= 1800+0.40*700= $2080
The cheapest alternative is Alternative A. To make a full analysis you need the selling price, which we don't have.
Answer:
Yes, an individual can be too motivated. It can negatively affect their personality and perception. They may feel that they have to get things done no matter the cots and they may mistreat people or make poor decisions to accomplish that. Many of them also become arrogant and overconfident.
Answer:
Explanation:
1. Posting Transferring amounts from the journal to the ledger
2. Account A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period
3. Debit Left side of a T-account
4. Journal A record of transactions in date order
5. Charts of accounts A list of all accounts with their account number
6. Trial balance A list of all accounts with their balances at a point in time
7. Normal balance Side of an account where increases are recorded
8. Ledger A journal entry that is characterized by having multiple debits and/or multiple credits
9. Credit Right side of a T-account
10. Compound journal entry The record-holding all the accounts of a business, the changes in those accounts, and their balances