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3 years ago

Which of the following statements is (are) TRUE?

Business

1 answer:

Ede4ka [16]3 years ago

4 0

Answer:

III. If a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

Explanation:

A perfect competition is characterised by many buyers who sell homogenous products.

All firms in a perfect competition earn zero economic profit in the long run because there are no barriers to entry or exit.

In the long run, equilibrium occurs at: P = LMC = LATC

If demand falls, prices would fall below average total cost and the firm would earn negative profit .

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In the context of the external environment of a firm, which of the following statements is true of environmental scanning? A. Ma

Ludmilka [50]

Answer: A. Managers scan their firm's environment to reduce uncertainty.

Explanation: In the context of the external environment of a firm, managers scan their firm's environment to reduce uncertainty. In doing so, they stay up to date on important factors in their industry which helps to reduce uncertainty. Environmental scanning simply involves searching for cues, important happenings, events, issues etc. that might affect an organization either positively or negatively.

8 0

2 years ago

Read 2 more answers

In January, Stitch, Inc. adopted the dollar-value LIFO method of inventory valuation. At adoption, inventory was valued at $50,0

Dennis_Churaev [7]

Answer:

B. $83,000

Explanation:

Inventory value at adoption = $50,000

Increase in inventory using base year price = $30,000

Current year Price increase = 10%

Increase price = $30,000 + ( $30,000 x 10% )

Increased price inventory = $30,000 + $3,000

Increased price inventory = $33,000

Amount of Inventory reported on balance = Inventory value at adoption + Increase price Inventory

Amount of Inventory to be reported on balance = $50,000 + $33,000

Amount of Inventory to be reported on balance = $83,000

5 0

2 years ago

Jaron's Internet is not functioning. A person from which pathway would best aid Jaron in fixing the issues with his

zmey [24]

Answer:

a person in telecommunications

Explanation:

Since in the question it is mentioned that Internet of Jaron is not working so here the pathway that should be considered best and aid to fixing the issues with the internet if the person who is in telecommunication as the internet would be classify as the telecommunication part

Therefore the third option is correct

7 0

2 years ago

Sales have decreased for two consecutive quarters at your business. You have been instructed to inform your sales team that thei

Ira Lisetskai [31]

Answer:

To: The Sales Team

From: Henry Cavill, Vice President, Employee Relations

Date: 13 July 2021

Subject: Revisions in Compensation Structure of Sales Department

Dear All,

As you all are going to be knowing, the sales of the corporate have been decreasing since the last 2 quarters. The performance of the half-moon was rock bottom sales achieved by the corporate, within the last 5 years. As a result of this, the corporate and management have decided to require certain strict decisions.

The management has decided to scale back the bottom pay also because of the work hours of the sales team by 20%. This reduction is going to be applicable to all or any levels of the sales division. This decision has been taken in an attempt to form up for the losses, faced by the corporate, thanks to the negative overall performance of the sales team. The new compensation structure is going to be applicable from May 1st, 2019, and can be in practice till the general performance of the sales team bounces back.

In this duration, the corporate also will be observing the performance of the members of the sales team. The compensation of sales employees, who will display extra-ordinary performance, are going to be rewarded by the corporate within the corresponding quarter. Hence, all employees must be motivated to perform their best during this critical time, faced by the corporate.

The management hopes that the workers will understand the company’s perspective during this hard time. We hope things will become better and brighter quite soon. don't hesitate to follow up with me just in case of any doubts or clarifications.

Regards,

Henry Cavill

Vice President, Employee Relations

4 0

2 years ago

The income tax rate on all forms of income is 40 percent and there is a tax of 10 percent on all consumption expenditure. The no

Tems11 [23]

Answer:

The economic policy action that changes the production demand and possible gross domestic product is named the availability aspect impact of the fiscal policy. This happens as a result of government provides public smart and services which offer work incentive and therefore the taxation variations the work inducement. However the availability aspect impact has serious restrictions. The taxation drives the wedge among the interest paid by the receiver and acknowledged by the investor. This extremely changes the funds and investment within the economy. This disturbs the capital development within the economy. The slower rate of investment formation reductions the economic process of the economy.

On the opposite hand taxation lowers the inducement to figure and therefore the provider of labor decreases at every level of wage rate. This reductions the potential gross domestic product and increase indicator within the economy. This can be shown within the figure 1.1.

In The figure 1.1 offers the marketplace state of affairs within the economy. Here Ld is that the labor demand curve and Ls is the initial labor provide curve. The preliminary wage rate was Wand labor hours utilized was L. The tax on wage financial gain lowers the inducement to work and moves the Ls curve left to Ls+tax. The new equilibrium happens on the left of the preliminary equilibrium. That’s the quantity of labor utilized within the economy decreases, because the amount of labor utilized decreases the wage rate raises by the quantity of tax.

The potential gross domestic product that is given by the equity between labor demands and provide or economic condition is given within the figure 2.2, wherever we tend to show the assembly perform of the economy. The assembly perform offers the link between labor hours utilized and real gross domestic product. Here, the initial potential gross domestic product at economic condition was Y with labor hours utilized L. because the tax decreases the inducement to figure the labor provide curve shifts and a brand new economic condition achieved with less quantity of labor hour utilized the potential gross domestic product fall to 111. At L labor hour utilized the important gross domestic product was Y and once tax as labor hours fall to L1 the real GDP decreases to

Now as there's invariably economic condition within the economy the important gross domestic product here are the potential GDP. Therefore we tend to see that a rise in charge per unit will increase the wage rate and reduces potential GDP

6 0

3 years ago