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3 years ago

Rajiv is a person whose wants are satisfied by using goods and services. Rajiv is a _____.

2 answers:

6 0

Rajiv is a consumer. Consumers are a necessary part of the economy because they play a large role in determining the demands of the market in terms of supplying goods and services. Rajiv is an example of a consumer that is buying goods and services provided in the market.

Kitty [74]3 years ago

5 0

Answer:

consumer

Explanation:

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Ok so i have a ton of questions i need answered for this test im taking. its on economics. anyone think they can help? thank you

satela [25.4K]

1. All of the following were powers given to the federal government by the National Banking Acts of 1863 and 1864 EXCEPT D. to dismantle privately owned banks 2. When economists measure opportunity cost to help determine the true value of economic decisions, they consider both the D. monetary and human value. 3. Which of the following was NOT an economic institution created in Europe to help foster economic unity among the countries there? D. European Union (EU) 4. Though the challenges of decision making are similar at all levels of the economy, B. the impact decreases as more people are involved. I think that the impact decreases as more people are involved because these people will be able to analyze many more aspects involving a decision as well as its corresponding consequences. The decision made will be a result of consensus among the people involved for the benefit of the majority if not all. 5. All EXCEPT which of the following options could describe the statement below? You get something and you give up something else. B. consumer sovereignty – This is a situation where the desire of the consumer affects the production of their desired goods. 6. Who proposed the first bank of the United States? B. Alexander Hamilton – He officially proposed the creation of the first bank during the first session of the First Congress. 7. As an economic institution, nonprofit organizations include D. professional organizations. The main purpose of these organizations is to make their profession better or more valuable for the people practicing the profession as well as for the benefit of the general public. 8. In economics, economic institutions serve to A. help establish and keep participation in the economy fluid. 9. Who is credited with first using cost-benefit analysis? B. Jules Dupuit – A French engineer and economist. He wrote an article in 1848 where the concept of Cost-Benefit analysis was presented. <span>
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5 0

3 years ago

Read 2 more answers

inventory Turnover and Days' Sales in Inventory The following financial statement data for years ending December 31 for Holland

Varvara68 [4.7K]

Answer:

Year 2014 Year 2013

a) Inventory Turnover ratio 3.4 times and 3.1 times

b) Number of days' sales in inventory 107.3 days and 117.7 days

Explanation:

As per the data given in the question,

As we know that

Inventory turnover ratio = Cost of goods sold ÷ Average inventory

where,

Average inventory

= (Beginning inventory + ending inventory) ÷ 2

For Year 20Y4 :

Average inventory = ($359,160 + $516,840 ) ÷2

= $438,000

And, the cost of goods sold is $1,489,200

So,

Inventory Turnover ratio

= $1,489,200 ÷ $438,000

= 3.4 times

For Year 20Y3 :

Average inventory = ($251,120 + $359,160) ÷ 2

= $305,140

And, the cost of goods sold is $945,934

So,

Inventory Turnover ratio

= $945,934 ÷ $305,140

= 3.1 times

Now

Number of days' sales in inventory = Number of days in a year ÷ Inventory Turnover ratio

For 20Y4

= 365 days ÷ 3.4

= 107.3 days

For 20Y3

= 365 days ÷ 3.1

= 117.7 days

Basically we applied the above formulas

4 0

3 years ago

Describe how effective employee relations techniques prevent the need for unionization.

timofeeve [1]

Employees join unions because of their discontent with how management regales employees and a belief that the union can create conditions in the workplace better.

<h3>What is unionization?</h3>

Joining together in unions allows workers to negotiate for higher wages and advantages and enhance conditions in the workplace. There exist millions of union members in America from all walks of life.

Employees join unions because of their discontent with how management regales employees and a belief that the union can create conditions in the workplace better. While pay and advantages exist often hot topics in union organizing tactics, employees are most affected to join a union when the company is scented to be unfair, unresponsive, or presenting substandard working conditions to employees.

Employers that minimize employee dissatisfaction can also minimize employees’ passion for union representation. Strategies that help discourage union approval are:

Fair and consistent procedures and practices.
Open door management procedures.
Competitive compensation and benefits.
Employee confidence and recognition.

A workplace that fosters sound relationships between management and employees and addresses employee relations exists much less likely to force employees to union miniature for assistance.

To learn more about unionization refer to:

brainly.com/question/12222284

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8 0

9 months ago

Management is considering the discontinuance of the manufacture and sale of Product G at the beginning of the current year. The

tamaranim1 [39]

Answer:

Option C. 30,000 decrease

Explanation:

At the moment Product G is covering its own variable cost which is 180,000 from its sale figure of 210,000. So there is a balance of 30,000 which product G is contributing to offset the Fixed costs of the company.

It will be inadvisable for management to discontinue the production of Product G because it appears to be making a loss. The loss is as a result of the fixed cost of 50,000 imposed (apportioned) to the product. So product G can only cover 30,000 out of this 50,000 which is resulting in the 20,000 loss.

If the product is discontinued, the 30,000 contribution of product G will be lost which will lead to a decrease in profit of that amount.

5 0

3 years ago

Use the information in Exhibit 64 to answer the following question. Given the sector information in Exhibit 64, what could be co

S_A_V [24]

Company D was able to gain market share by targeting a niche market with a new product.

A niche market is a section of a bigger market that may be defined by means of its own particular desires, options, or identification that makes it distinct from the market at huge. As an example, in the marketplace for ladies' footwear are many different segments or niches.

A spot marketplace is the subset of the marketplace on which a specific product is focused. The marketplace area of interest defines the product features aimed at pleasing specific market desires, in addition to the fee range, production great, and the demographics that it's far supposed to goal. it's also a small market section.

An eCommerce niche is a distinct section inside any given marketplace and is frequently an area that is neglected by other agencies. Examples of niches include handmade objects, puppy meals or puppy owners, latest t-shirts, products, beauty products, devices, or other trending products.

Learn more about niche market here brainly.com/question/22825524

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3 0

2 years ago