Answer:
The main reasons for policy intervention by the government are:
To correct for market failures.
To achieve a more equitable distribution of income and wealth.
To improve the performance of the economy.
Explanation:
To correct for market failures: This is achieve by creating regulation institutions for the most important sectors in any given economy e.g. Federal Reserve, Treasury Department
To achieve a more equitable distribution of income and wealth: This is the aim of a develop economy to allocate the resources where needed and for that some countries rely in the government capability to prevent Monopoly creation or to protect its Internal Labor market.
To improve the performance of the economy.: In order to meet the economical agenda of any given government the institutions use variation on the interest rate, the government expenditure or the tax policies.
Answer:
b. slow industry growth.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
Generally, when rival business firms compete aggressively by trying to attract competitors' customers, this might be an indication of slow industry growth.
In conclusion, the various companies or business firms are experiencing a low level of sales of their goods and services. As a result, they engage in activities that would attract potential customers and by extension their competitors' customers.
Answer: 5.54%
Explanation:
The margin of safety as a percent of sales will be calculated as:
= (Expected sales - Break even sales) / Expected sales
= ($352000 - $332500) / $352000
= $19500 / $352000
= 0.0554
= 5.54%
Answer:
Smith is guilty of Bribery and corruption While slick is guilty of breaking health code and trying to bribe a public officer.
Explanation:
Bribery has occurred because Smith's judgment has been paid for/influenced through the $5000 he has received from Slick. Money he plans to use on a boat. Smith has solicitated a bribe and is guilty of bribery. Since he sought for the bribe, he has committed a crime of bribery solicitation. After receiving the money, he committed the crime of accepting a bribe. When additional sums of money were requested, Smith further committed the crime of extortion and blackmail. He has been shown to be greedy.
Slick is guilty of trying to bribe a public official to escape the payment of fines and also guilty of violating health codes.
