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Sophie [7]
4 years ago
13

Which of the scenarios are examples of free-riding?

Business
1 answer:
bezimeni [28]4 years ago
3 0

Answer:

b. Bob listens to the radio station several hours per day but never donates since he suspects that other people will donate enough to keep the station on the air. 

. Jim is working on a group project for a class in which he wants a high grade. However, since the grades are assigned to the group as a whole and he knows that the other group members will pick up most of the extra work, Jim calls in sick and plays video games on his Dream Station 64. 

Explanation:

Free riding is when a person enjoys the benefit of a good or service but doesn't pay for it. This is a form of market failure.

Bob listens to the radio but doesn't donate and Jim would benefit from the grade given to the group but doesn't participate. These are instances of free riding.

Karl doesn't drive at night and so doesn't enjoy the benefits of the street light and doesn't pay. This is not an instance of free riding.

I hope my answer helps

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Which of the following is reported as a financing activity in the statement of cash flows? Multiple Choice The payment of intere
Yuki888 [10]

Answer:

The correct answer is A

Explanation:

Financing activities are those activities which involve the cash payments as well as cash receipts, that relate to the external financing of the business and also involve the obtaining of resources from the owners and repay resources to creditors.

The example of financing activities are repayment as well as borrowing of money, issuance of the securities and payment of dividends.

So, from the above options, the one which is reported as the financing activities in the cash flows statement involve is the payment of interest on the bonds payable.

6 0
3 years ago
Which is true regarding elasticity of supply ?
sergij07 [2.7K]

Answer:

A factor in supply elasticity is production difficulty

Explanation:

The quantitative relation between price of products and its commodity is established by the elasticity of supply. The longer the time period that an organization is allowed to adjust its production targets, the more the supply price becomes elastic. Availability of resources is one of the factor, because the resource will become increasing expensive which consequently increase the price of the products and its production.

6 0
3 years ago
Derek owns and runs a local motel, Sleep Away. He has just rented a billboard that says: "If your home is too far away, come Sle
True [87]

Answer: Strategic plan    

           

Explanation: In simple words, refers to the plan that helps an organisation to direct its operation for the maximum benefit. It focuses on how to attain objectives rather than what to attain. It determines the factors that are important for achieving goals and the steps that one has to take.

In the given case, the hotel is offering their customers several facilities so they can enjoy a healthy service.

Thus, we can conclude that the correct option is strategic plan.

4 0
4 years ago
The demand curve faced by a monopolistically competitive firm:
Salsk061 [2.6K]

Answer:

a. is more elastic than the monopolist's demand curve.

Explanation:

The correct option is a as of less control over the market price as compared to the monopolist

As the monopolist is the only seller in the market and the price maker too but the same is not happen with the monopolistic firm

Therefore the consumers would rise or decreased the demand as per the price

Hence, the correct option is a.

8 0
3 years ago
Sales for the year were $83,000. The balance sheet at the end of the year is given below:
Ipatiy [6.2K]

Answer:

See below

Explanation:

The above is an incomplete question. From a similar question, we were given cost of goods sold to be $60,800.

Firm's day sales in inventory is computed as;

= (Ending inventory / Cost of goods sold) × 365

Given that;

Ending inventory = $41,000

Cost of goods sold = $60,800

= ($41,000/$60,800) × 365

= 246days

3 0
3 years ago
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