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inn [45]
3 years ago
8

Identify whether each of the following transactions will take place in an input market or in an output market, and whether firms

or households are demanding the good or service or supplying the good service a. Anderson works 37 hours each week as a clerk at the county courthouse. b. Mei Lin purchases a 3-week Mediterranean cruise vacation for her parents. c. Caterpillar doubles employment at its Huntsville, Alabama factory. d. The Greyson family sells their 250-acre ranch to Marriott so it can build a new resort and golf course.
Business
1 answer:
jolli1 [7]3 years ago
5 0

Answer:

The correct answers are explained below.

Explanation:

In the <u><em>case of A</em></u>, the household is providing the service and the transactions is taking place in an input market due to the fact that the service given by the particular person is used inside the court to provide a complete service to the community.

In the <u><em>case of B</em></u>, the firm is providing the service that is being demanded by the household and the transactions is taking place in an output market due to the fact that the complete service is already being purchased and demanded.

In the <u><em>case of C</em></u>, the household is providing the service and the firm is demanding the service of labor force and the transaction is taking place in an input market due to the fact that the firm needs the labor force to produce a new product to deliver to the output market as a finished product.

In the <u><em>case of D</em></u>, the household is providing the good and the firm is demanding the good and the transactions is taking place in an input market due to the fact that the firm is buying the good in order to establish a new building that will provide a finishied service to the customers in the future.  

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alexdok [17]

Answer:

The correct answer is letter "C": informal leader.

Explanation:

Informal leaders are individuals to whom people put their trust on because they provoke a strong influence within a group or because others see that individuals as examples to follow. However, informal leaders are not officially recognized. Most formalized leaders begin naturally being informal leaders until the collective will of subordinates place them in the position of power.

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3 years ago
At Groovy Rags, a trendy retail store, manager Eon Forcer doesn't waste any time thinking about whether the employees on his shi
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Answer:

Theory X.

Explanation:

In this scenario, Groovy Rags, a trendy retail store, manager Eon Forcer doesn't waste any time thinking about whether the employees on his shift get their breaks at a reasonable time. In fact, he claims he is hard pressed to determine which one has "worked hard enough" to even deserve a break. Earlier today, Eon remarked, "I've never met one that likes this job! They're only biding their time and here for the money." Eon's managerial style would be classified as Theory X.

Douglas McGregor developed the theory x and y in the 1950s while working at the MIT Sloan school of management.

Theory X suggests that employees working in a particular organization dislike work, possess minimal ambition, and are generally not willing to take up responsibility.

Hence, with the Theory X it is very important and essential that these employees be supervised and rewarded externally with prizes and punishment should be used when they err.

4 0
3 years ago
Preferred stock: 8 percent, par $10, authorized 20,000 shares. Common stock: par $1, authorized 50,000 shares. The following tra
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Answer:

Required:

Prepare the stockholders’ equity section of the balance sheet at December 31.

Explanation:

check the file attached for the  balance sheet at December 31.

Download docx
7 0
3 years ago
What was the earliest franchise of indoor cycling classes called?.
FinnZ [79.3K]

The earliest franchise of indoor cycling classes called Spinning

<h3>Spinning</h3>

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In conclusion, we can conclude that the correct answer is spinning.

learn more about spinning from here: brainly.com/question/339581

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2 years ago
Which statement is false?
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The answer is <span>The start-up costs in a monopolistically competitive industry are low.</span>
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3 years ago
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