Answer:
True
Explanation:
Restraint of trade is a concept that refers to interference of free market through laws and contractual means.
This is done in the form of building transnational costs, taxes, tariffs and customs fees. States interfere with free trade in order to maintain their economy and the competition in it. With free trade, comes advantages and disadvantages. Government needs to interfere to regulate their economies and its borders.
Answer:
The manufacturer should announce a guaranteed mileage of 44528 miles
Explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation , the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
What guaranteed mileage should the manufacturer announce
Only until the 5th percentile will have to be replaced, which is the value of X when Z has a pvalue of 0.05. So it is X when Z = -1.645.
The manufacturer should announce a guaranteed mileage of 44528 miles
The answer in the space provided is conflicts of interest.
Conflicts of interest occurs when a company or a person has multiple interest
or financial in which it has been interfered because of a presence of
corruption in terms with the decision making or even the motivation that they
once had.
Answer:
C) downward sloping and straight.
Explanation:
The indifference curve is the curve at which the combination of two goods is shown so that the consumer gets equal satisfaction which makes the consumer different.
The perfect substitutes are those goods which are used in place of another. Like the milk, the producer is different but their objective is the same
In the case of the perfect substitutes, the indifference curve is a straight and downward sloping due to the constant marginal rate of substitution of two goods.
Answer:
1. The reason Sarah might want to use standard costs to compare with her actual costs is:
a. Management can evaluate the differences between standard costs and actual costs to focus on correcting the cost variances.
2. Drawbacks of using Standard Costs are:
c. Standards limit operating improvements because employees may be discouraged from improving beyond the standards.
d. Employees may focus only on efficiency improvement and their own operations rather than considering the larger objectives of the organization.
e. Standards may become "stale" in a dynamic manufacturing environment.
Explanation:
Standard costs encourage the pursuit of management goals. They are the costs that should be under a particular type of circumstances. They are usually compared with actual costs to determine their differences or variances. Their use helps management to focus on how to improve overall performance.